Telecommunications systems
The internet bubble's growth slowdown has been evident in the decline of Amazon.com's stock price, down 34% from its record high on January 11. The Street.com index of 20 internet stocks has also slumped 17% since peaking. The broader stock market has cooled off,
Telecommunications systems
The New York Stock Exchange (NYSE) experienced a decline in stock prices on January 21, as investors took profits despite a mostly strong showing of corporate earnings. The Dow Jones Industrials fell 71.83 points to close at 9,264.08 on high volume, with declines leading advances 1,932
Telecommunications systems
Lucent Technologies, the leading US maker of telecommunications network equipment, has been in talks with Ascend Communications, a data networking company, for months. The two companies are now on the verge of a deal, with each needing the other due to the increasing demand for equipment that can handle both
Telecommunications systems
Lucent Technologies, the world's largest telecommunications equipment manufacturer, has made a significant move in the rapidly consolidating market for telecommunications equipment. The acquisition of Kenan Systems, a leading maker of telephone billing and customer care software, for $1.48 billion is a strategic move to target the fastest-growing
Telecommunications systems
Lucent Technologies launched its Cajun Campus educational seminar program, an 11-city series aimed at assisting enterprise data networking professionals in planning their next-generation infrastructures. The free, half-day seminar series started on January 7, 1999, in Boston and will continue over the next five weeks in various cities across the United
Telecommunications systems
Lucent Technologies has signed major contracts with Portugal's Telesp Celular to build wireless networks in the state of Sao Paulo, Brazil, totaling $340 million. The installation of wireless CDMA networks is expected to support more than 1.5 million subscribers in Greater Sao Paulo and other areas of
Telecommunications systems
Lucent Technologies Inc. is expanding its operations in Ontario, with plans to increase its workforce to 850 employees. This comes as the company has tripled its employee base in Canada over the past two years, investing 170 million Canadian dollars in products and services in Canada over the same period.
Telecommunications systems
Xylan Corp.'s OmniSwitch network upgrade has been successfully installed at over 40 US military hospitals, expanding network throughput and flexibility. The installations, carried out by the Tri-Services Infrastructure Management Program Office (TIMPO) in coordination with the US Army, SAIC, and Force3, will boost network performance and make them
Telecommunications equipment industry
Budget Rent a Car Corp., a prominent car rental company, has been charged with racial discrimination against African American customers based on information uncovered in a 1997 class-action lawsuit. The lawsuit, filed by the Detroit law firm Charfoos & Christensen, alleged that Budget's car rental rates were higher
Telecommunications equipment industry
U.S. share prices surged on Monday, defying concerns over the President's impeachment and war in Iraq, as investors became increasingly optimistic about the holiday season. Market analysts pointed to an end to the House's impeachment hearings and a decline in concerns about the war as
Telecommunications equipment industry
StockTIPS, a San Antonio-based company, has announced the launch of an all-in-one alerting service and financial news package with Nokia, CBS MarketWatch, and Data Broadcasting Corporation. This innovative service provides investors and investment managers with real-time access to critical financial information on their portfolios through digital wireless devices. The package
Telecommunications equipment industry
Elron Electronic Industries, a leading multinational high technology holding company, has announced that its affiliate, Elbit Ltd., has reached a preliminary agreement with FLIR Systems to acquire Inframetrics, a privately held infrared imaging company. Under the terms of the agreement, FLIR Systems will issue approximately 2.3 million shares of
