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A fake press release says the chipmaker is pulling out of its $6 billion investment because of the "destruction and loss of life resulting from Israel's recent assault on Gaza."
Deal for prepaid wireless provider includes pledges of spectrum divestiture and feature phone trade-in programs for certain customers.
AT&T is looking to unload spectrum and customers as it tries to salvage its planned acquisition of T-Mobile USA.
Coverage changes and higher prices aren't the only possible consequences of T-Mobile-AT&T merger. Some customers may find that the combined carrier no longer offers service in their area.
Another divestiture for Yahoo will result in an upfront cash payment and three-year exclusive deal with Monster to supply job search listings on Yahoo's home page.
Company delays divestiture of manufacturing assets, as it focuses on its financial restatement.
CMP Media's Internet Week has ceased publication as of its Jan. 7 issue, according to sources inside the company, making it the latest technology publication to fall victim to the dour advertising market. Staff members at the weekly magazine were notified Thursday of its closure. However, it is unclear how many employees will be laid off, sources said. The magazine, which employed about 32 editorial staff, was founded in 1984 as Communications Week, covering the telecommunications industry following the divestiture of AT&T. Four years ago, it changed its name to Internet Week to cover the burgeoning information-technology sector. It had a circulation of 275,000. In late 2001, CMP closed its telecommunications biweekly, Tele.com. In 1999, it also stopped publishing Windows magazine, which at the time had 800,000 subscribers but a void in advertisers.
Crystallize said Wednesday that it raised an $18.5 million second round of funding, led by Battery Ventures. Ann Arbor, Mich.-based Crystallize has raised a total of $22.5 million. Crystallize's software is designed to automatically allow companies to copy, consolidate, filter or change any data across their network, following a merger, reorganization or divestiture of a business.
C&W's purchase of MCI's Internet backbone appears to be doing little to placate those who have voiced concern over MCI's proposed merger with WorldCom.
Quarterdeck said it has returned to profitability by posting net income for its first quarter of $316,000, or 1 cent per share, versus a profit of $20,000 in the same period last year. Revenues for quarter slumped, however, to $20.6 million, compared to $24.4 million one year ago. Earlier this month the company announced a divestiture plan, and said it would lay off 115 employees.