A bullish outlook for the third quarter and the rest of the year from Ford Motor Co. helped give stocks a lift to close out the week, but pressure from a spike in oil prices pared the gains. Ford said its financial services unit was largely responsible for the improved outlook, rather than boosted c...
Battered Nortel Networks said it would lay off 3,500 workers and fire seven executives as part of its latest attempt to move beyond an epic accounting scandal and regain its market prominence. The layoffs, part of a US$400 million restructuring aimed at cutting costs to be more competitive, represen...
Google's debut brought to mind the late 1990s for many investors, with the dot-com stock rising nearly 20 percent in the first few minutes of trading. But the rest of the market didn't share in the nostalgia, with all major averages losing ground. Shares of Google went live about two hours into the...
Interactive advertising firm DoubleClick became the latest high-profile Internet company to be hit by hackers as a distributed denial of service (DDoS) attack knocked out the company's advertising servers for several hours, slowing many of the most popular Web sites as a result. The attack hit Doubl...
Consumer confidence jumped more than 3 points this month, reaching a two-year high and providing a sign that the economy might be in for another burst of growth. The news was enough to send the bulls running on Wall Street, driving the Dow up by triple digits and ending a lengthy skew of losing or f...
Hoping a narrow focus on product development and customer service will help it turn itself around, Nortel Networks sold most of its major manufacturing plants to Flextronics, which will make Nortel's hardware on an outsourcing basis. Nortel said the sale, which involves plants in Canada and Brazil, ...
Nortel Networks has suspended its two top financial executives pending the outcome of an internal audit, sparking fear that the telecommunications equipment maker could become the latest tech firm ravaged by accounting scandal. Shares of Nortel, which had been climbing to new heights as the company ...
Hard-to-visualize functionality, complex feature descriptions, an invisible presence in the network, and boring names, taken together, sum up why the enterprise Ethernet switching market does not get the attention it deserves. But Ethernet switching is a multibillion-dollar market that CIOs spend a ...
It is a common business scenario: A new CEO takes over a struggling company and vows to put it on more solid financial footing. He assures investors that he will cut only the fat from the ailing organization, leaving the muscle and bone the company will need to thrive intact. But when it comes time ...
As recently as a few years ago, IT personnel were trained to harden their network perimeter, barring outsiders entirely. In contrast, today's security environment is far less clear-cut -- and the role of firewalls is expanding. "A lot of new developments are going on at once," Richard Stiennon, Inte...
Once upon a time, the performance of bellwethers like Cisco told the economic fortunes of the technology sector as a whole. But Cisco's dismal financial showings over the last two years have left some industry observers wondering whether the company still wields much influence, even though it is sti...
The worldwide server provider router (SPR) market dipped 7 percent in the second quarter of this year, according to a Gartner Dataquest report. Dataquest defines SPRs as carrier-class routers capable of providing multigigabit bandwidth in support of high-speed wide area network interfaces. These ...
Cisco Systems has announced a definitive agreement to acquire privately held Ayr Networks in a stock deal worth as much as $113 million. Cisco said it will use Ayr's technology to augment its IOS software, the network operating system used by Cisco's routing and switching platforms. Yankee Group ...
In an exclusive interview with the E-Commerce Times, Nortel director of global branding and advertising Bruce Horner explained how a crucial component of the company's online marketing strategy involves the preemptive placement of targeted ads. This approach allows Nortel to identify and quickly ...
Dodging the economic bullet that has hit many of its rivals, Ciena (Nasdaq: CIEN) advanced US$3.46 to $58.90 in early trading Thursday, after the company reported that its second-quarter profit climbed more than 19 percent to top analyst forecasts. The Linthicum, Maryland-based company attribute...
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I can't tell when apps use AI
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