Sonus announces pact with Japanese firms
WESTFORD – Sonus Networks, based here, announced it had signed a development agreement with two big Japanese telecommunications companies, Nisho Electronics Corp. and NTT Communicationware Corp. The agreement calls for joint development of the voice-over Internet protocol telephone product that works on Japan’s telephone network for use throughout the expanding international market.
EMC, Exodus agree on product resale
HOPKINTON – EMC Corp., leading maker of corporate data-storage systems and Exodus Communications, Inc., based in Santa Clara, Calif. announced an agreement which would permit Exodus to resell EMC’s computers and software. Terms of the agreement were not disclosed.
Seifert Systems Invests in Energy Efficiency to Strengthen Operations
For manufacturers, energy is more than just another operating expense. It plays a critical role…
Learn More
Log On America takes legal action regarding stock
PROVIDENCE – Log On America has commenced legal proceedings in the United States District Court, Southern District of New York, against the four institutional investors and certain of their affiliates which hold the company’s Series A Convertible Preferred Stock and Warrants. The action alleges that the holders of the Preferred Stock engaged in a scheme to manipulate and intentionally drive down the trading price of the company’s Common Stock and have violated federal securities laws. The company has said it will not honor requests for conversion of the Preferred Stock and will not register the Common Stock underlying the Preferred Stock.
NestorCommerce offers new detection model
PROVIDENCE — NestorCommerce, a division of Nestor, Inc., in conjunction with its alliance partner, Total System Services, Inc. (TSYS), announces the availability of new fraud detection models for TSYS’s card issuing clients in the U.S. and Canada, as well as issuers of commercial, or purchasing cards. The new neural network models have been integrated within the TSYS CardGuard(TM) fraud detection system and are available through TSYS immediately. NestorCommerce’s neural network models provide a predictive fraud score by comparing transactions to the model’s learned memory of fraudulent patterns. High scoring transactions can be queued for review and delivered to banks through TSYS’ CardGuard system.
Report finds APC share in large enterprises up
WEST KINGSTON – As part of Frost & Sullivan’s latest global uninterruptible power supply (UPS) report, American Power Conversion has received two Frost & Sullivan 2000 Marketing Engineering Awards. According to the research firm, the Business Development and Marketing Strategies Awards were given to APC to recognize the company’s successful strategic alliances as well as a marketing strategy that has resulted in outstanding brand awareness. Additionally, Frost & Sullivan’s “World UPS Markets” report found that APC is not only maintaining its leadership in the desktop and networking UPS markets, but is also increasing its share of three-phase enterprise UPS sales.
In other news at APC, the company is donating $420,000 worth of power protection equipment to the University of Rhode Island over the next three years to support several of its colleges and its involvment in the four-year-old Teachers & Technology Initiative.
Online pay growing for management
WESTPORT, Conn. – PricewaterhouseCoopers’ Unifi Network “Internet Compensation Survey 2000″ finds that as Internet companies mature, so do the pay practices of the online industry. The survey found that online companies are rewarding top executives with greater total cash (base and bonus) compensation packages than they did last year, while at the same time more carefully granting equity to employees across the board. The top three positions (CEO, COO and CFO) were paid total cash compensation packages that increased more than 13 percent over last year, due to a rise in base salaries (of at least 9 percent) and bonuses (of at least 28 percent).
”These results evidence a continuing maturation process by Internet companies that has them acting and feeling more like traditional brick-mortar firms,” said Edward J. Speidel, a director in Unifi’s Executive Compensation practice.
The survey also found that Internet companies have increasingly adopted short-term incentives and bonus plans that are tied to more traditional business performance metrics – such as increased revenue or nearing profitability – than in the past year.
Cabletron Systems to buy Indus River
ROCHESTER, N.H. (BLOOMBERG) — Cabletron Systems Inc., a maker of computer networking equipment, said its largest unit agreed to buy closely held Indus River Networks for $170 million in stock to gain Indus’s remote-networking products.
Cabletron, based in Rochester, New Hampshire, will pay 4.1 million of its own shares, valued at $142.6 million, and about 1 percent stake in the value of its Enterasys Networks unit that it plans to take public next year. Enterasys sells network gear to large organizations.
