Global Crossing-Exodus deal said to collapse

Article Abstract:

The deal between Global Crossing Ltd. and Exodus Communications is failing because the two companies can't seem to agree on a price. Global Crossing was to sell its Web-hosting unit for a stock swap that would equal $7 billion.

Asset sales & divestitures, Acquisitions & mergers, Computer Services, Computer Systems Design and Related Services, Wired Telecommunications Carriers, Telephone communications, exc. radio, Computer and Data Processing Services, Bermuda, Intnl Telephone Service, Mergers, acquisitions and divestments, Company acquisition/merger, Computer services industry, Information technology services industry, Information technology services, Global Crossing Ltd., GBLX, International telephone services, Exodus Communications Inc., EXDS

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SBC to disclose series of steps to raise profile in cyberspace

Article Abstract:

SBC Communications Inc. will announce partnerships with Commerce One Inc., Deloitte Consulting and Proxicom. SBC plans to spend $50 mil on an Internet hosting center in Dallas, using equipment supplied by Cisco Systems Inc. SBC has also bought a controlling stake in InQuent Technologies, Toronto, which operates WebHosting .com. The company faces competition from data telecom providers such as WorldCom Inc. and Quest Communications International Inc.

Strategy & planning, Telecommunications, Telephone Communication, Statistical Data Included, Management, Internet services, AT&T Inc., SBC, Company internet strategy

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