January 15, 2003 -- (WEB HOST INDUSTRY REVIEW) -- Managed Web and application hosting provider Digex Inc. (Digex.com) announced on Wednesday that it has released preliminary fourth quarter cash and borrowing metrics for the period ended December 31, 2002.
The company says it did not require any external funding during the fourth quarter, growing its available cash base to approximately $21 million, up from $16 million in the previous quarter.
"We expect full fourth quarter results will reflect the financial benefits we have achieved from all of the work we have done over the last six months to properly align our expense levels with our recurring revenue," said George Kerns, president and CEO of Digex. "In the quarter Digex was able to cover its operating and capital expenses with no external funding. As we detailed previously, had WorldCom been in a position to pay Digex the re-seller receivables owed from periods prior to their bankruptcy filing, Digex would not have required any borrowing in the third quarter as well."
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
About This Issue | Read Digital Edition
July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
About This Issue | Read Digital Edition
May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
About This Issue | Read Digital Edition
Comment anonymously or log into your WHIR account
Logging in allows enhanced commenting features (such as external linking) in news, features, blogs and more.