The snore-inducing market week that culminates in this post-close report (earnings estimates from
) was just the thing to segue into a weekend of diversion and slumber. Enjoy it.
A partnership of
said it plans to buy
stake in two cable systems that Prime already manages. The deal values the systems at $637 million.
on Monday will cut prices by up to 50% on the switches it sells to small and midsize businesses, the trade publication
reported. Cisco also will introduce two new switch models for large users, with pricing starting at $99 per port, the publication said.
on Monday will introduce an all-Sonet local and long-distance data service that delivers end-to-end speed and performance guarantees from one corporate site to another, according to the trade publication
. The service will be unique among high-speed data services offered by the big three long-distance companies because MCI will be the first carrier to offer such a service entirely on its own facilities, from a customer's premises to any other corporate site, the publication said.
Lone Star Steakhouse
adopted a shareholder rights plan.
Ikon Office Solutions
said it expects to report fourth-quarter earnings of 33 cents to 36 cents per share versus the year-ago 30 cents. The 10-analyst consensus estimate calls for 34 cents.
said it will eliminate about 165 jobs in Singapore and 30 in Tustin, Calif., resulting in an unspecified one-time charge.