Dot Com News from Week of January 21, 2002

• 1/25/02 - Houlihan's Restaurant Group, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of Missouri, listing total assets and liabilities of more than $100 million each.
• 1/25/02 - Onetime dot-com darling Beyond.com has filed for Chapter 11 bankruptcy protection and agreed to sell almost all its assets to a rival, Digital River Inc., for $11 million in cash and stock.
• 1/24/02 - Local phone giant SBC Communications posted lower fourth-quarter profits. The company also said it cut 5,000 jobs in the quarter and expects to cut additional jobs in 2002.
• 1/24/02 - MedicaLogic/Medscape Inc. filed for Chapter 11 bankruptcy protection and signed a definitive agreement to sell its digital health record assets to General Electric Co.'s GE Medical Systems Information Technologies for $20 million cash.
• 1/24/02 - Storage maker EMC saw its fourth-quarter net loss widen from a year ago, adding that it will continue to cut jobs. That projection would mean EMC is looking to eliminate 1,140 more positions by the middle of 2002, on top of the 4,360 cut in 2001. The company said it is looking to cut jobs abroad.
• 1/24/02 - Fiber-optics equipment maker JDS Uniphase said it expects to close more plants and cut more jobs. The company said second-quarter sales were in line with estimates, although losses were higher.
• 1/24/02 - Procter & Gamble plans to cut about 1,440 jobs as the consumer products giant integrates the recently acquired Clairol haircare products business into its operations.
• 1/24/02 - Gateway reported weak quarterly sales in line with previous guidance and set plans to lay off another 2,250 workers. Still, the embattled PC maker managed to post a slim profit that beat Wall Street estimates.
• 1/23/02 - Wireless technology giant Motorola said it planned to close four more semiconductor facilities over the next nine to 15 months. Motorola also said the closure of the four facilities would result in 2,500 job cuts in addition to the 2,000 cuts that have not yet taken place as part of previous plant closures.
• 1/23/02 - As Kmart filed for Chapter 11 bankruptcy protection Tuesday, the 40 people who work at the company's Internet division, BlueLight.com, were completing a move to a cheaper office building and hoping the lights would stay on.
• 1/23/02 - Agere Systems Inc. posted a quarterly loss and announced plans to close more plants and slash staff in an effort to break-even by year's end. The microelectronics company, which went public last year as part of its planned spinoff from Lucent Technologies, posted a net loss of $375 million, or 23 cents a share, for the fiscal first quarter, which ended Dec. 31.
• 1/22/02 - Kmart filed for Chapter 11, outlining a plan to reduce its size and emerge from court in 2003 as a better-run chain.
• 1/22/02 - Microsoft confirmed that it is restructuring its UltimateTV group and will eliminate one-third of the 500 positions within it. The UltimateTV service, which offers digital video recording and Web surfing via DirecTV's satellite television network, was launched about a year ago and is part of Microsoft's larger television strategy. The service will continue to be available after the restructuring.
• 1/21/02 - Kmart is expected to file for Chapter 11, after efforts to secure bailout funding fizzled. The retailer plans to close underperforming stores and restructure about $4.7 billion in debt.