The market research firm estimates that worldwide ad spending on Facebook will hit $1.28 billion in 2010, quite a bit more than last year's $665 million.
The security heavyweight eyes VeriSign's SSL, PKI, and other authentication services in a deal valued at $1.28 billion.
Clarus, which automates the procurement and management of operating resources for business-to-business e-commerce, has filed a registration statement with the Securities and Exchange Commission for a proposed follow-on public offering of approximately 1.5 million shares of common stock. Based on the current market price of the company's common stock, it is expected that the company will offer approximately 1.28 million shares and selling stockholders will offer approximately 215,000 shares, Clarus reported. It expects that the registration statement will be effective and that the offering will commence in the first quarter of 2000.
Frontier Communications, a next generation telecommunications carrier, will use SONET (Synchronous Optical Network) equipment from Hitachi Telecom, which will allow Frontier's Internet Protocol-based fiber optic network to carry data at OC-192 speeds, or 1.28 terabits (trillions of bits) per second. The Hitachi SONET equipment will be in place by April. Separately, Frontier will partner with enterprise resource planning vendor SAP to provide remote connectivity for manufacturers.