Nacchio's relationship with Wall Street had also become strained. In a series of conference calls last year, Nacchio blasted analysts who raised concerns about Qwest's accounting. In a statement, Nacchio said he was confident about Qwest's prospects. "The company's fundamentals are strong, and it will have enormous opportunities in the period ahead as Qwest reduces debt and as the regional economy recovers," he said. Qwest announced Thursday that it filed for permission with the Federal Communications Commission to offer long-distance phone service in five of the 14 states where it already provides local service. The telecom carrier is seeking regulatory approval to offer service in Colorado, Idaho, Iowa, Nebraska and North Dakota. It will file for permission in the nine other states in its territory during the summer and fall.
Nacchio's resignation comes two months after WorldCom CEO and co-founder Bernie Ebbers resigned as WoldCom's financial problems mounted, In recent years, both executives had built telecommunications companies to compete against established giants such AT&T and US West, Reuters contributed to this report, Joseph Nacchio resigns at the request of the board, as continued financial problems plague the telecommunications company, During a board meeting late Sunday, Qwest directors named Tellabs CEO Richard Notebaert olixar x-ranger iphone xs max tough case - marine blue as the company's new CEO, the company said, Notebaert, who had been CEO at telecommunications equipment maker Tellabs since September 2000, is the former head of Ameritech..
CNET también está disponible en español. Don't show this again. The deal also calls for EDS to license Loudcloud's Opsware IT automation software, paying $52 million over three years.Opsware, which helps companies manage servers and business applications, is the "foundation" of Loudcloud's managed services business. Loudcloud is the brainchild of Marc Andreessen, who played a seminal role in the dot-com IPO boom in 1995, when as a 24-year-old wunderkind he helped take Netscape Communications public. But the second time around for Andreessen has been a little harder, with the weak economy forcing Loudcloud to swap a growth strategy for one that conserves cash.
Ben Horowitz will continue as CEO of the newly named company, and Andreessen will remain chairman, Loudcloud has tweaked its business model before, as it sought a more stable financial foothold, Gartner analyst olixar x-ranger iphone xs max tough case - marine blue Ted Chamberlin says since Loudcloud went public, the company's good products, ownership of assets and experienced, high-profile management team have made it an attractive acquisition target.see commentary, "The deployment of Opsware is expected to dramatically reduce cost and improve efficiencies in the data center environment by automating the complete life cycle of managing business applications and the underlying infrastructure," the company said in a statement..
The deal, slated to close in September, is not expected to have an impact on EDS' bottom line. About 140 Loudcloud employees in California, Virginia, New York, and the United Kingdom will be transferred to EDS. Marc Andreessen's company is selling its Web hosting business to EDS. Loudcloud will now be known as Opsware and will focus on software. Separately, Loudcloud announced it would change its name to Opsware. Sunnyvale, Calif.-based Loudcloud is selling its managed hosting business to global services giant EDS for $63.5 million, the companies said Monday. The business, which has around 50 clients, should account for $75 million in revenue in 2002, Loudcloud said.