Information technology services industry
Microsoft's investment of $50 million in USinternetworking (USi) is the largest ever in a "pure play" application service provider (ASP), as part of a $300 million package of equity and credit financing. The move reflects Microsoft's confidence in the ASP model, despite USi'
Information technology services
AT&T has named John Adams, a seasoned finance executive with 15 years of experience at Electronic Data Systems (EDS), as the new vice president and chief financial officer of AT&T Business Services (ABS). Adams will be responsible for leading the financial strategy and operations of ABS,
Information technology services
RSA Security Inc. has partnered with Electronic Data Systems (EDS) to provide secure single sign-on capabilities across EDS's worldwide organization. Under the agreement, EDS has purchased a global license for RSA Keon software, which will be used to provide authentication, access control, and single sign-on for employees and
Information technology services industry
Dallas and Bellevue, Wash.-- Samsung Telecommunications America, Inc. (STA) and VoiceStream Wireless Corp. (NASDAQ:VSTR) have announced a multi-year agreement to develop high-speed General Packet Radio Services (GPRS) phones that will incorporate Microsoft Smart Phone Platform (code-named Stinger) and Microsoft Mobile Explorer microbrowser technology. This partnership aims to deliver
Information technology services industry
Convergys, a leading provider of integrated billing and customer care services, has signed a three-year agreement with COLT Telecom Group plc to provide its digital subscriber line (DSL) management solution. This partnership enables COLT customers to view and order DSL products online, pre-qualify for service, and monitor the status of
Information technology services
Computer Sciences Corporation (CSC) and BAE SYSTEMS have signed a six-year global IT outsourcing agreement valued at $2.2 billion, extending to November 2006. The new contract supersedes the current arrangement between the two companies, which was scheduled to expire in March 2004. CSC will manage the IT infrastructure in
Information technology services
Computer Sciences Corporation (CSC) announced that American United Life Insurance Company (AUL) has licensed CSC's PerformancePlus financial services distribution management system. PerformancePlus will be used to compute primary and secondary compensation for AUL's distributors, manage detailed information on distributors and their relationships, and measure and manage
Information technology services industry
In a major breakthrough, Sprint PCS, Samsung Telecommunications America Inc., QUALCOMM Incorporated, and 3Com Corporation have completed the first successful voice and data field trial using standards-based third-generation (3G) Code Division Multiple Access (cdma2000 1x) technology. The trial, which took place on Sprint PCS' network, validated the anticipated benefits
Information technology services industry
Robertson Stephens, a leading full-service investment bank, has initiated coverage on several companies, including CoSine Communications, Network Appliance, COR Therapeutics, Exult, Mentor Graphics, and Homestore.com, expressing a positive outlook for each firm. The analysts at Robertson Stephens have upgraded or initiated coverage on these companies, citing various factors such
Information technology services
Epoch Partners, a technology-enabled investment bank, has issued a research note on Exodus Communications (Nasdaq: EXDS) as part of its Broadband and IP Data Services Research Coverage. The note, available for free to investors through the Epoch Web site, provides an in-depth analysis of Exodus' third quarter results, highlighting
Information technology services
A WorldCom report filed with the Securities and Exchange Commission argued that competing offers for Intermedia's valuable Digex subsidiary were unworkable, soothing investor concerns that the WorldCom deal could fall apart. Investor concerns had driven the price of Intermedia's stock down 36 percent since the deal
Information technology services industry
Riverstone Networks, a leader in service creation infrastructure for metropolitan service providers, has announced that its RS 8000 Switch Router has received the DOCSIS 1.0 Qualification as a Cable Modem Termination System (CMTS) solution. This achievement marks a significant milestone for the company, as it enables the reliable creation
