Lucent Technologies Inc. is having trouble securing a US$6.5 billion line of credit to put the company on a more stable footing, according to an article published Friday.
Dell Computer Corp. will lay off 1,700 full-time employees to cut costs because of soft global economic conditions and overall demand for computer systems, the company said Thursday, hours before it is due to release its fourth-quarter financial earnings statement.
Verizon Communications Inc. will cut 10,000 jobs, mostly through attrition, and will cut costs by slashing employee overtime and the use of outside contractors, the company said Wednesday during an analyst meeting.
A scientist at Bell Labs, the research and development wing of Lucent Technologies Inc., has discovered a flaw in the Digital Signature Algorithm (DSA) that could have affected the integrity of secure transactions on the Internet and adversely impacted virtual private networks (VPNs), online shopping and online financial transactions.
The newly merged AOL Time Warner Inc. offered up its first earnings report Wednesday and also announced to the investment community several arrangements in which it will work with companies like Compaq Computer Corp., Nortel Networks Corp. and PurchasePro Inc.
The U.S. Department of Justice (DOJ) and 19 states have acknowledged that Microsoft Corp.'s decision to include Internet technologies in its Windows operating system benefited consumers and competition, according to a brief filed by Microsoft in its federal antitrust case on Monday.