Thor Olavsrud

Privately-held sporting goods e-tailer MVP.com may have some All Star athletic talent on its team, but that’s not the kind of help it seems to need at this point. The company, backed by sports greats John Elway, Michael Jordan and Wayne Gretzky, missed a $5 million payment — due Oct. 1 — to backer CBS […]

NBC Internet Inc.’s President and Chief Operating Officer Edmond Sanctis resigned Friday. NBCi said Sanctis, who has also served as COO of NBC’s and CNET’s Snap.com portal and spent seven years in executive roles within the NBC family, will pursue other interests and that his position will not be replaced. “I’m very gratified to have […]

Technology incubator idealab! late Wednesday became the latest in a host of companies to withdraw registration for a proposed IPO. The company filed for the IPO on April 20, 2000, after announcing in March that it had raised $1 billion in equity financing. The company had hoped to raise as much as $300 million in […]

SoftNet Systems Inc. Thursday slashed the workforce of its wholly owned subsidiary ISP Channel by about 33 percent as part of a restructuring intended to reduce operating costs and improve revenues. ISP Channel built its business model on partnering with independent U.S. cable providers to offer broadband Internet-over-cable to subscribers. But in the past two […]

Online trading community eBay Inc. Thursday surpassed Wall Street’s forecasts for its third quarter by one cent per share. The company reported consolidated net income of $15.2 million, five cents per share on a diluted basis. According to a survey by First Call/Thompson Financial, analysts had predicted net income of four cents per share. The […]

After meeting Wall Street’s earnings expectations for first quarter fiscal 2001 Wednesday, America Online Inc. trumpeted that AOL 6.0 will hit the Net later this month. The company also laid out a roadmap for other products that it will roll out later this year, including nationwide deployment of AOLTV, the launch of an AOL/Gateway household […]

The cat was let out of the bag Wednesday but the folks at Palo Alto, Calif.-based Sun Microsystems Inc. had something to smile about anyway with fiscal 2001 first quarter share earnings that topped analysts’ estimates by five cents per share. The company’s earnings were mistakenly posted to its site Wednesday morning, though Sun had […]

Metromedia Fiber Networks Inc.’s aggressive build-out of dark fiber in metropolitan areas helped it catch a big fish Wednesday, when Datek Online Holdings Corp. turned to the company to supply it with a high-bandwidth fiber optic backbone. Dark fiber, sometimes referred to as “unlit glass,” is unused fiber optic cable. Dark fiber is a boon […]

Internet security solution provider SonicWALL Inc. Tuesday laid $268 million in cash and stock on the table in a bid for Internet security infrastructure manufacturer Phobos Corp. Under the terms of the agreement, SonicWALL will exchange 12.2 million shares and options of SonicWALL common stock (based on the company’s Oct. 16 closing price of $17.88 […]

Telecommunications provider IDT Corp., parent of Net2Phone Inc., revealed Monday that it will shoulder its way into the television game with the creation of broadband television channel TV.TV. IDT bought the tv.tv domain from .tv registrar dotTV. IDT said the TV.TV network — which is scheduled to be operational in multiple pilot markets by the […]

America Online Inc. late this week released a preview of its latest AOL 6.0 upgraded software to members in select cities. “It’s a measured way for us to gear up for the launch,” said Marta Grutka, AOL spokeswoman, confirming the preview. Word of the limited distribution first surfaced in a chatroom on www.newriots.com, an Internet […]

The past few months have been trying for ISP Juno Online Services Inc., but things looked a little brighter for the company Friday as it secured an equity financing commitment to draw as much as $125 million over two years. A private investment fund will provide the financing in the form of an equity line […]