Your Washtech.com Wrap-Up for Thursday, March 1, 200 – Industry Trend or Event
Here’s the latest news from the greater Washington/Baltimore Region:
o WorldCom Lays Off 6,000 Companywide
After a month of speculation, WorldCom Inc., the nation’s second-largest long-distance telephone company, on Wednesday laid off 6,000 workers companywide – including 400 in the Washington, D.C., area – according to a source within the company.
o Despite Job Losses, Cause for Optimism
The more than 3,000 layoffs and firings in the area have sent an unmistakable ripple through Fairfaxs workforce, which had been seemingly impervious to layoffs since the Internet economy blossomed here during the 1990s.
o Two Views on Where the Economy’s Going
Alice M. Rivlin, chairman of the D.C. financial control board, and Stephen S. Fuller, economist and professor of public policy at George Mason University, offer their views on the state of the region’s economy.
o Conference Focuses on ‘Net Policy
Cisco CEO headlines George Mason conference focusing on the global network.
o Shannon Henrys The Download: Founders, Not Always Keepers
Imagine launching a business that you think can change the world, pouring in your personal savings and best ideas, and then one day finding yourself standing outside the company, kicked out by financiers who’ve changed the locks.
o Leslie Walkers .com: The Sequel: Computers Serve Us
You know the feeling. You’re hunched over your computer, peering at an “illegal operation” message in the new software that was supposed to save you hours balancing your checkbook. Instead, after six hours of incomprehensible error messages, your computer has unbalanced you.
o .com Live: Leslie Walker and Salon.com’s David Talbot
Text from todays discussion.
o The Download Live: Shannon Henry and TVWorldwide.com’s Dave Gardy
Text from todays discussion.
o Via Net.Works 4Q Mixed; 2001 Projections Rise
International Internet services provider Via Net.Works Inc.’s net loss for the fourth quarter of 2000 narrowed while the company’s revenue plateaued.
o Arguss Profits Dip
Arguss Communications, the Rockville-based fiber-optic network infrastructure company, reports $366,000 (two cents per share) in net income for the fourth quarter, a sharp drop from the $1.42 million (11 cents) reported for the same period of last year.
o Plateau Systems Lands $18M in Equity Funding
Plateau Systems Ltd., a Fairfax company that develops Internet-based learning management systems, says it has received $18 million in equity financing that will be used to target opportunities in the e-learning sector.
o FOLIOfn Picks up Strategic Investments
Vienna online brokerage FOLIOfn says it has received strategic investments from Advent Software, a Florida-based investment management software provider, and Japanese securities firm Nomura.
o U.S. Technologies’ Yazam Acquisition Progressing
District-based U.S. Technologies Inc., which funds and manages early stage and emerging growth technology companies, says it inked a definitive merger agreement to acquire Yazam.com Inc., building on a letter of intent unveiled two weeks ago.
o Codeon to Test Product in Germany
Codeon, a Columbia firm that manufactures components for optical networks, announces that Siemens Information and Communications Networks of Munich, Germany, has agreed to test Codeons high-speed optical modulators in a field trial.
o Trustee Plans Probe of CLC Failure
The court-appointed trustee for bankrupt Computer Learning Centers is encouraging former employees and students to file claims, while also expressing doubt that the company’s assets are worth as much as it stated in its filing.
o Celera Inks Deal With NY Med. Schools
Celera Genomics says it has signed a multiyear deal with a consortium of New York medical schools and research institutions that gives them access to its databases of genetic information, the latest in a long string of new customer acquisitions for the Rockville company.
o His Mission Is Breaking a Language Barrier
Chris Childers is an evangelist. But he is not in the pulpit espousing moral values. Instead, he flies to other states and countries to spread the word about what he thinks is the future of the Web XML.
o On Reflection, a Puzzling Ad Campaign
So, it has finally come down to this: When all else fails, and billions of dollars, thousands of jobs and supremacy on the World Wide Web are at stake, resort to bathroom humor. That appears to be the strategy behind the latest cheeky advertising campaign by EarthLink Inc., the nation’s No. 2 Internet service provider.
o Emerging Washington Group Readying Its Emerging Business
Do good; make money. For many business people, the two goals often seem incompatible. But a group of Georgetown University alumni and others believe they have a startup company that can both help the world and help their own pocketbooks.
o AOL’s “Buddy-List” May Win Trademark
The U.S. Court of Appeals upholds most of a lower courts decision against America Online Inc. in its trademark-infringement suit against AT&T Corp. over the use of some of its popular online slogans.
o Motley Fool TV Special to Air on PBS
MotleyFool, the Alexandria company that provides financial information via the Internet, will break into television this month with an hour-long special to be aired on PBS stations across the country.
o VeriSign To Relinquish .net, .org Control
VeriSign Inc., coordinator of the global master list of Web addresses, agrees to surrender control over “org” and “net” in exchange for keeping long-term rights to manage the lucrative “com” names.
o Rep. Armey Blasts Microsoft Antitrust Case
Fresh from an appeals court-administered tongue lashing, the US Justice Department takes more heat from a high-profile lawmaker, who blasted the government’s antitrust case against Microsoft Corp.
o Caller ID, Small-Telco Tax Relief Bills Move Forward
The House Energy and Commerce Committee approves legislation to prohibit telemarketers from interfering with consumer caller ID devices. The committee also passed a bill that would exempt many small and rural telecom providers from complying with a raft of tax, merger and reporting obligations.
o RNC Web Site On Bush Tax Plan Quickens Privacy Pulse
o USDA Blends its Data with Geological Survey Graphics
An Agriculture Department pilot project takes images from a Geological Survey Web-based application and combines them with USDAs own survey data to present geospatial data on demand to customers.
o GAO: Government Lacks a Plan for PKI
The Office of Management and Budget should establish governmentwide standards to guide federal agencies in implementing public-key infrastructures, the General Accounting Office says.
o DOD Deputy CIO Announces Departure
Paul Brubaker, deputy chief information officer for the Defense Department, will leave his post in two weeks to head up global e-government services for Commerce One Inc.
o CSC Names New Federal President
Paul Cofoni will succeed Milton Cooper as president of the federal sector at Computer Sciences Corp. effective today.
o Lockheed Martin Software Tackles Wildfire Coordination
Lockheed Martin Corp. says its software developers have delivered a new Web-based application to the National Wildfire Coordination Group that will help organizations locate and call up people, equipment and materials needed to combat major wildfires. Field testing will begin this month, according to the Bethesda-based company.
o CareerBuilder Partners with OperationIT.com
Web-based career network CareerBuilder Inc. says it is partnering with New Yorks OperationIT.com, a site dedicated to IT professionals and companies seeking IT talent. Reston-based CareerBuilder says the partnership provides employers with a new opportunity for reaching OperationITs base of more than 125,000 registered members.
o Artesia Technologies Building Emap France Archive
Rockvilles Artesia Technologies says it will work with Emap France to develop a centralized repository to manage digital assets generated through Emap’s publishing activities. Artesia says the repository is designed to provide enhanced access to the publishers rich media assets as well as the ability to repurpose those assets.
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