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3Com to outsource manufacturing, cuts jobs

Sep 10, 20032 mins

Latest financial news.

3Com to outsource manufacturing, cuts jobs, 09/10/03

3Com Wednesday said it will outsource all of its manufacturing in an effort to further reduce costs, resulting in up to 1,000 job cuts.

Ciena buys stake in Laurel, 09/10/03

Ciena has acquired a stake in edge router maker Laurel Networks and will resell Laurel’s ST200 router.

MCI settles with key creditors, 09/09/03

MCI and the two principal objectors to its reorganization plan have reached a settlement agreement, removing an obstacle that could have complicated MCI’s quest for ratification of its plan for emerging from Chapter 11 bankruptcy.

Lucent wins AT&T metro SONET deal, 09/09/03

Lucent this week said it was awarded a multiyear contract to supply AT&T with metro SONET systems.

HP, other vendors bolster utility computing product plans via acquisitions, 09/08/03

High-tech heavyweights determined to deliver on utility computing continue to pull out their checkbooks for key technologies they hope will fill out their product lines.

SCO readies invoices for Linux, 09/08/03

In its ongoing battle to protect its intellectual property, The SCO Group is stepping up its focus on corporate Linux users. The software maker now plans to send invoices to companies in an effort to levy fees for the use of Linux, which SCO says illegally contains its copyrighted Unix code.