With so much in the news about job cuts and closures of well-known dot com companies, we at SearchtheWeb.com thought we would track these companies and Internet related sites and provide you with updated short news announcements on their status.

Dot Com News from Week of March 31, 2003

4/3/03 The Nando Times (www. nandotimes.com) will cease to exist within about 90 days, , said Christian A. Hendricks, vice president of Interactive Media for the McClatchy Co., the Sacramento, Calif.-based parent of Nando Media and The News & Observer. The site no longer fits the company's strategy, Hendricks said. Nando Media also plans to shut down Nando SportServer (www.sportserver.com), a sports news and data site. 4/3/03 Nortel Networks Corp. is cutting jobs in Singapore, one of its major offices in Asia, after it completed a review of business operations a week ago. While the exact staffing numbers aren't known, the Canadian telecommunications equipment maker had about 400 staff based in the city-state at the start of 2002. 4/2/03 Goldman Sachs Group is firing about 100 stock traders and salespeople, bowing to the dearth of business that followed a big buildup during the bull market. The layoffs account for 3% of the firm's 3,000 stock traders and support staff world-wide, with most of the cuts occurring in New York, where Goldman is based and does much of its business. 4/2/03 TeliaSonera AB said it will slash hundreds of jobs in Sweden and Finland as it accelerates efforts to cut costs. The telecommunications operator, formed by the merger last year of Sweden's Telia of Sweden and Sonera of Finland, plans to eliminate around 400 jobs in Finland and an as-yet-undetermined number in Sweden. 4/1/03 Computer Associates International Inc. plans to eliminate about 450 jobs world-wide as part of a restructuring that will include the formation of a new technical-services unit. The, Islandia, N.Y., software company said Tuesday that the cuts will occur immediately in North America and over the next several months elsewhere. Computer Associates employed about 15,900 employees world wide before the latest cuts. 4/1/03 Fleming Cos., one of the country's largest distributors to supermarkets and convenience stores, filed for bankruptcy-law protection after it failed to line up fresh credit from lenders. Fleming has been under fire for taking unauthorized deductions from suppliers and for possible accounting irregularities. But its troubles escalated in January, when it lost a key supply contract with Kmart Corp., which itself is operating under Chapter 11 of the federal Bankruptcy Code. 4/1/03 Air Canada filed for bankruptcy-court protection from creditors, but will keep flying while it reorganizes its business and negotiates with unions. 4/1/03 AMR Corp.'s American Airlines will fly its current schedule with about 20% fewer pilots -- a sharp sign of the kinds of productivity improvements it expects to achieve as a result of tentative cost-cutting agreements with employees that helped the carrier avoid a bankruptcy filing. 3/31/03 Edgar Online said it will reduce its work force by 17% in a cost-cutting effort. The South Norwalk, Conn., company, which packages and distributes corporate information disclosed in filings with the Securities and Exchange Commission, said the move will reduce annual operating expenses by about $1.2 million to $1.3 million. According to the company's last official filings, the staff reduction would eliminate about 17 of the company's 99 employees. 3/31/03 Horizon PCS said it is likely to violate at least one of its credit facilities and could seek bankruptcy-court protection. It becomes the latest wireless affiliate of Sprint to announce liquidity problems.

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