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  • Princeton eCom gets $10 million infusion

    Princeton eCom has received $10 million from Lazard Technology Partners. The deal, announced this week, completes a total of $31 million the company has raised since late 2001 from New Century...

    News items | June 27, 2002 11:10pm PDT

  • Fed holds interest rates steady

    The Federal Reserve on Wednesday left interest rates unchanged for the fourth time this year, deciding to keep the cost of borrowing money low as the U.S. economy works its way toward solid...

    News items | June 26, 2002 6:30pm PDT

  • KnowledgeNet banks $17.5 million

    KnowledgeNet announced Monday that it has raised $17.5 million in its fifth round of funding, bringing the company's total funding to $82 million. New investor General Motors Investment...

    News items | June 17, 2002 10:35pm PDT

  • Qwest seeks service permission from FCC

    Qwest Communications International announced Thursday that it filed for permission with the Federal Communications Commission to offer long-distance phone service in five of the 14 states where it...

    News items | June 13, 2002 11:45pm PDT

  • AT&T taps Horton as new CFO

    AT&T announced Thursday that it named Thomas Horton as the company's new chief financial officer. Horton replaces Charles Noski, who was named vice chairman of AT&T last February. Noski said last...

    News items | June 13, 2002 5:10pm PDT

  • MindArrow secures funding

    MindArrow Systems announced Wednesday that it secured up to $4 million in funding from East-West Capital Associates. MindArrow provides digital marketing software and services to businesses...

    News items | June 13, 2002 11:25am PDT

  • Wireless users pick price over features

    A new survey indicates consumers would use their cell phones to make cheap phone calls with extended coverage rather than to surf the Internet or send text messages.

    News items | June 6, 2002 12:35pm PDT

  • Viadux raises $10 million

    Broadband hardware maker Viadux announced Tuesday that it raised $10 million in its most recent round of funding, which was led by Ampersand Ventures and the Edgewater Funds. The company,...

    News items | June 4, 2002 11:35pm PDT

  • Filanet raises $15 million

    Filanet announced that it has raised $15 million in a third round of funding, led by previous investors Lightspeed Venture Partners and Canaan Partners. The round brings the company's total...

    News items | June 3, 2002 8:15pm PDT

  • Lucent completes Agere spinoff

    Agere Systems announced Monday that Lucent Technologies has completed the spinoff of the company. Lucent distributed 945 million Agere shares to about 5 million Lucent shareholders, making the...

    News items | June 3, 2002 8:05pm PDT

  • Look out! Broadband prices rising

    According to a new study, broadband prices have jumped to an average price of $51.82 monthly for DSL. One analyst says the trend toward tiered pricing will keep basic services level.

    News items | May 30, 2002 1:50pm PDT

  • NetQos gets boost from Liberty Partners

    NetQos announced Wednesday that it received $5 million in a second round of funding from Liberty Partners, bringing the Austin, Texas-based software maker's total funding to $16 million....

    News items | May 29, 2002 6:25pm PDT

  • Optical gear market shrinks 18 percent

    In a sign that a telecom recovery is a long way off, the market for optical gear declined 18 percent in the first quarter.

    News items | May 29, 2002 1:10am PDT

  • Optical gear market shrinks 18 percent

    In a sign that a telecom recovery is a long way off, the market for optical gear declined 18 percent in the first quarter. Analysts say telecom carriers control the fate of the gear makers.

    News items | May 29, 2002 12:00am PDT

  • USi restructures, will merge

    USinternetworking said it has completed a restructuring plan the company outlined when it filed for bankruptcy protection. The ASP (application service provider) said it would merge with...

    News items | May 28, 2002 8:05pm PDT

  • Intel picks up telecom pace

    Q&A: Intel has spent heavily to acquire networking and communications companies since 1999. Sean Maloney, general manager of its communications business, explains why.

    News items | May 24, 2002 1:30pm PDT

  • Intel picks up telecom pace

    Q&A: Intel has spent heavily to acquire networking and communications companies since 1999. Sean Maloney, general manager of its communications business, explains why.

    News items | May 24, 2002 12:00am PDT

  • MPEG-4 software maker Envivio nets $14M

    Envivio raised a $14 million second round of funding with help from Bertelsmann, Intel Capital, Harbinger Ventures and others. Previous investors included Philips, Sigma Designs and France...

    News items | May 23, 2002 9:00pm PDT

  • Axcelerant pulls in $9 million

    Axcelerant raised $9 million in its second round of funding, led by new investors Gemini Investors and Baird Venture Partners. Riordan, Lewis & Haden, which led the company's $10 million first...

    News items | May 23, 2002 8:55pm PDT

  • Nexagent raises $15 million first round

    Nexagent received $15 million in funding for its first round, the Reading, U.K.-based company announced Monday. Nexagent already received $9.2 million from investors, and will get an...

    News items | May 22, 2002 9:00pm PDT

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