Clarent names new president

Clarent on Thursday appointed a new president, as the Internet telephony equipment maker matched Wall Street analysts' projections of a first-quarter loss of 5 cents per share. Barry Forman, Clarent's executive chairman, will serve as president and share management duties with Chief Executive Jerry Chang. Excluding one-time costs, the company lost $2.1 million, or 5 cents per share, compared with a profit of $900,000, or 3 cents per share, during the same period last year. Quarterly revenue jumped 149 percent, from $24.6 million last year to $61.2 million this year.