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Home > Company Index > Telecommunications > Internet & Online Service Providers > Genuity Inc.

Genuity Inc.
Nasdaq: GENU
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 NEWS FROM THE WIRES
Genuity loss widens, cuts work force
Aug 08 2001 06:06 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
Has the Net Stopped Growing?
Jun 26 2001 07:33 AM PDT

Content Bridge Over Troubled Waters
Feb 12 2001 12:00 AM PST

Venture Buzz: Big Bucks for Bandwidth
Feb 09 2001 08:46 AM PST

 PROFILE
The name is new, but the company is a genuine veteran of the Internet. ISP and data carrier Genuity is a descendant of Internet pioneer BBN Corporation, which was bought by GTE in 1997. Genuity serves businesses, providing Internet access (dial-up, dedicated, and digital subscriber line), transport and transit of data traffic, Web hosting, and e-commerce services. Clients include the US Army, Sun Microsystems, WebTV, Yahoo, and AOL Time Warner (which accounts for nearly 40% of sales). Genuity's operations are based on its Tier-1 international fiber-optic backbone and 10 data centers. Investors in Genuity include Verizon and Citigroup.

 COMPETITION
Broadwing Inc. (BRW)
Sprint FON Group (FON)
UUNET (dossier)

 DEALS
Deal: Genuity Invests $10 Million in Yipes
Date Announced: 02.06.01
Value of transaction (US $Mil): 10
Description: E-business infrastructure services firm invests $10 million in Ethernet service provider.

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 TRACKERS
May 03, 2001 - LAYOFF TRACKER
800 laid off
Description: Laying off 12% of its full-time staff and more than a third of its contractors, but the company was not able to break the number down into contract vs. full-time employees.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,136.70
1-Yr. Sales Growth: 60.9%
Employees: 4,832
Revenue per employee: $235,244.21

 KEY PEOPLE
• Paul R. Gudonis
    CEO
• Daniel P. O'Brien
    CFO

 CONTACT INFO
225 Presidential Way
Woburn, MA 01801
US
Phone: 781-865-2000
Fax: 781-865-3936
Online: Web Site

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