Technology and the Internet
PSINet Inc., the largest commercial Internet service provider, agreed to buy Rimnet Corp., a Japanese Internet company, for undisclosed terms.
Aug. 27, 1998
Telecom: Weighed by debt and a failed acquisition strategy, Net pioneer probably will shed more units.
June 2, 2001
Business
Shares of PSINet plummeted 56% Thursday after the provider of Internet services to businesses warned that fourth-quarter earnings could be below expectations.
Nov. 3, 2000
PSINet Inc., a provider of Internet access for businesses, agreed to buy Metamor Worldwide Inc. for about $1.65 billion in stock to gain software and Internet consulting services.
March 23, 2000
PSINet Inc., which helps companies connect to the Internet, is considering filing for bankruptcy after saying it will delay submitting its annual financial report.
April 4, 2001
PSINet Inc., a provider of Internet access for businesses, said it has agreed to acquire Transaction Network Services Inc. for $720 million to gain access to the electronic-commerce market.
Aug. 24, 1999
* San Dimas-based American States Water Co. said it is dropping its bid for Dominguez Services Corp., three days after rival California Water Service Group of San Jose raised its offer for the Long Beach-based water utility.
March 27, 1999
Broadcom shares fell 15% Thursday as worries resurfaced about slowing corporate earnings in the communications-chip-making industry and one Wall Street analyst downgraded a number of stocks in the group.
Nov. 17, 2000
Sports
Marketing: A few companies with their moniker up in lights have faltered since signing the big-money deals. It’s bad news for the sports franchises, too.
April 20, 2001
Breaking ranks with his fellow Internet service providers, the chief executive of PSINet Inc. urged Congress not to force cable companies to open their high-speed networks to others.
April 14, 1999