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Start-up Alereon fares well in its first round of financing

Jan 07, 20044 mins

Latest financial news.

Start-up Alereon fares well in its first round of financing, 01/07/04

A bleeding edge wireless start-up, formed just 8 months ago, has reaped a whopping $31.5 million in its first round of financing.

Intel to invest $200 million in ‘digital home’, 01/07/04

On the eve of the Consumer Electronics Show in Las Vegas Wednesday, Intel will announce plans to invest $200 million in companies developing new types of hardware, software and networking products for the “digital home,” the company said in a statement.

Earthlink to cut, outsource 40% of jobs, 01/07/04

In a move to outsource nearly all its support operations, ISP Earthlink Tuesday announced it plans to cut 1,300 of the company’s 3,300 U.S. jobs by the second quarter of 2004.

Veritas to buy utility computing start-up, 01/06/04

Veritas Wednesday is expected to announce plans to acquire start-up Ejasent to help bolster its utility computing strategy.

AFC nabs Marconi’s access unit, 01/06/04

Advanced Fibre Communications this week said it signed a definitive agreement to acquire Marconi’s North American Access (NAA) business unit for $240 million in cash.

Report: Google chooses investment banks for IPO, 01/06/04

Internet search leader Google has already chosen some investment banks for its expected initial public offering (IPO), according to a story in the San Francisco Chronicle newspaper.

In brief: SBC acquires integrator, 01/06/04

SBC this week acquired privately held network consulting company Callisma of Palo Alto in an effort to broaden its managed service portfolio for enterprise firms.

Cisco exec to head start-up competitor, 01/05/04

IP router start-up Procket Networks has named Cisco executive Roland Acra as its new president and CEO.

Hifn buys IBM network chip assets, 01/05/04

In the latest sign that the network processor business has fallen short of initial expectations, IBM has sold parts of its Picoprocessor PowerNP product line to Hifn, a maker of security processors, for about $15 million in cash, Hifn announced Monday.

Holiday online retail spending up in 2003, 01/05/04

Holiday shoppers took to the Web in droves to purchase gifts in 2003, spending significantly more online than they did in 2002, according to preliminary figures that market researcher and consultancy comScore Networks released Monday.

Symbol Technologies CEO steps down, 12/30/03

Symbol Technologies CEO and acting Chairman Richard Bravman has resigned from the company, five months after the previous chairman quit amid a U.S Securities and Exchange Commission (SEC) …

Oracle gets $1.5 billion credit line for PeopleSoft takeover, 12/30/03

Oracle has arranged a $1.5 billion credit line for potential use in its bid to acquire rival PeopleSoft, the company said in a regulatory filing.

Oracle stands by PeopleSoft bid as shares tendered fall, 12/19/03

Oracle sent out its holiday greetings to PeopleSoft Friday in the form of a statement reaffirming its commitment to its hostile takeover bid. Oracle for the fifth time extended the …

RealNetworks sues Microsoft, alleges monopoly abuse, 12/18/03

RealNetworks has filed a lawsuit against Microsoft alleging that the software giant has illegally used its power as a monopoly to control the digital media market.

Citrix buys GoToMyPC maker for $225 million, 12/18/03

Remote access software maker Citrix Systems is making a splashy play to move beyond the enterprise market, announcing Thursday an agreement to buy Web-based desktop access developer …