Stories about: PSINet

Cable & Wireless PLC has agreed to purchase PSINet Japan, the Japanese unit of bankrupt Internet service provider PSINet Inc., the companies announced Monday.

Ennovate Networks, a 4-year-old New England company developing IP (Internet Protocol)/MPLS (Multi-protocol Label Switching) switches for the edge of service provider networks, has shuttered operations.

Internet traffic between the networks of Internet service provider PSINet Inc. and carrier Cable & Wireless PLC (C&W) came to screeching halt for four days in the past week after the two companies could not come to an agreement on a "peering" contract.

Financially troubled Internet services company PSINet Inc. announced more executive appointments Thursday, naming John Kraft President and Chief Operating Officer(COO) in the U.S. and R. Scott Arnell President of the European division.

David Nathans' righteous anger boiled forth, the wrath of a technologist wronged. "DSL (digital subscriber line) providers, the NorthPoints, the Covads, the Rhythms, they don't care about the customer, all they care about is the numbers on Wall Street," Nathans said, a week after NorthPoint Communications Group Inc. terminated its service after liquidating its assets.

In the latest sign of troubled times for digital subscriber line (DSL) service wholesalers, Catherine Hapka resigned as chairman and chief executive officer of Rhythms NetConnections Inc. on Tuesday for unspecified reasons, the company said in a release. She also gave up her seat on the company's board of directors.

An Australian-founded internet technology company is rumoured to be set to sell out to foreign investors for a cool $285 million. Sharinga Networks, the company behind the technology powering free internet service provider FreeOnline, is believed to be in negotiations with an unnamed global telecommunications company to sell up to 50 per cent, according to the Australian Financial Review.

Cisco Systems Inc. has spent close to $7 billion in the past year assembling a line of products aimed at speeding the delivery of Web content across private and public IP networks. The company considers content networking to be at or near the top of its priority list in the enterprise and service provider markets.

Internet infrastructure service provider (IISP), VivaNET, listed at 19 cents per share at the Australian Stock Exchange yesterday, slightly below its issue price of 20 cents.

Cisco Systems Inc. and content distribution heavyweight Digital Island Inc. are working together to develop and market an ASP (Application service provider) based on Digital Island's already operating CustomHost service, the companies announced Tuesday.

SAN FRANCISCO (09/15/2000) - In Las Vegas, the house frowns on blackjack players who count cards and try to beat the odds of the game with an eagle eye. The technology sector, however, tends to reward gamblers for closely watching their opponents' hands and then making decisions based on calculated risks. This week, we look at three companies who scanned their industry sector carefully and then went on to post impressive financial results.