Finance

webMethods, Atos Origin Form Alliance

December 17, 2002 — (WEB HOST INDUSTRY REVIEW) — Global IT services firm Atos Origin (AtosOrigin.com) and integration software provider webMethods Inc. (webMethods.com) announced on Tuesday that they have entered into a global alliance designed to formalize the long-standing relationship between the companies. Read More

Sphera Appoints Philip Koen as Director

October 2, 2002 — (WEB HOST INDUSTRY REVIEW) — Web hosting automation and management software developer Sphera Corporation (Sphera.com) announced on Wednesday that it has appointed Equinix president and COO Philip Koen to its board of directors. Read More

Privately Held Texas.Net Discloses Finances

September 24, 2002 — (WEB HOST INDUSTRY REVIEW) — Privately-held Texas-based business Internet and data center service provider Texas.Net (Texas.net)announced on Monday that it will publicly disclose its earnings in an effort to demonstrate that Internet service providers can be reliable and financially viable partners. Read More

Telus Buys Back Debt at Discount

September 20, 2002 — (WEB HOST INDUSTRY REVIEW) — Canadian telecommunications company Telus Corp said on Thursday that it has purchased about $400 million Canadian of its debt at a discount and will book a pretax gain of about $78 million from the transaction. Read More

WorldCom Appoints Restructuring Officers

July 29, 2002 — (WEB HOST INDUSTRY REVIEW) — Bankrupt communications carrier WorldCom Inc. appointed two members of a corporate turnaround firm on Monday, in order to oversee the company?s restructuring and help straighten its finances. Read More

Moody's Cuts Telus Ratings to "Junk"

July 26, 2002 — (WEB HOST INDUSTRY REVIEW) — New York-based debt ratings agency Moody?s Investors Service cut Canadian telecommunications carrier Telus Corp.?s credit ratings to “junk” on Thursday, causing the company?s stock and bonds to fall. Read More

Terremark Secures $10.2 Million Investment

July 23, 2002 — (WEB HOST INDUSTRY REVIEW) — Tier-1 NAP operator and Internet infrastructure provider Terremark Worldwide Inc. (Terremark.com) announced on Tuesday that on Friday it exercised its right to sell $10.2 million of its common stock to TD Global Finance (TDGF). Read More

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