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 October 14, 2002

10/18/02 Fujitsu Ltd. said about 1,100 employees at its two telecommunications equipment plants in Japan will voluntarily resign through early retirement programs. The early retirements are part of the Japanese electronics maker's ongoing restructuring aimed at coping with a severe downturn in the global telecom industry. 10/17/02 Video-on-demand service Intertainer Inc. will shut its consumer operation as it continues an antitrust lawsuit against several major movie studios. The closely held company will stop delivering films and other programming through its Web site (www.intertainer.com) and via cable operators Oct. 23. 10/17/02 Sun Microsystems Inc. missed its reduced revenue target but posted a narrower-than-expected loss for its fiscal first quarter. The company also said that it plans to reduce its work force by approximately 11%, or about 4,300 of its 39,000 employees. 10/17/02 Delta is cutting 7,000 to 8,000 more jobs in an effort to stem steep financial losses following last year's terrorist attacks. After the latest cuts, the airline's work force will have shrunk by a quarter since the attacks. 10/16/02 Honeywell International Inc. swung to profit in the third quarter but announced job cuts as part of its continuing efforts to counter sliding sales. In a conference call with analysts, the CEO said Honeywell still expects relatively flat earnings for the year, and will likely book a restructuring charge during the fourth quarter after cutting 3,000 to 5,000 jobs, or roughly 5% of its total work force. 10/16/02 Dynegy Inc.'s president and operating chief is resigning amid a shake-up at the energy company that will include eliminating its struggling trading business, resulting in significant layoffs. The Houston energy giant's plan to exit the marketing and trading businesses will force more layoffs, but timing and the number of employees affected will be announced "in the near future." Dynegy, which now employs 5,500 world-wide, laid off 340 workers in June shortly before announcing a plan to raise $2 billion to strengthen finances and improve its image on Wall Street. 10/16/02 J.P. Morgan Chase & Co.'s third-quarter net income fell 91% amid revenue weakness and high credit costs at its investment-banking division, where the company said it will cut about 2,000 jobs. J.P. Morgan said in addition to cutting about 2,000 jobs from its investment bank it plans to reduce the number of consultants it employs. 10/15/02 United Kingdom semiconductor designer ARM Holdings PLC announced a 10% cut in its work force and warned that it doesn't expect an upturn in revenue for the foreseeable future. 10/15/02 Adobe Systems Inc. said it plans to take a $10 million to $14 million restructuring charge for an undisclosed number of job cuts in the current quarter. That could translate into the dismissal of 200 to 300 employees, one analyst said. 10/14/02 OpenTV Corp. said it will cut 315 jobs, or about 47% of its work force, and close eight regional offices as part of a restructuring plan to slash expenses. 10/14/02 Primix Solutions Inc. announced that the company plans to file for protection under Chapter 7 of the Bankruptcy Code. The company expects that such a filing will be made within the next few weeks.

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