| | Business Summary | | PSINet
Inc.
is
a
provider
of
Internet
and
e-commerce
solutions
to
businesses.
The
Company
offers
an
integrated
suite
of
value-added
products
that
enables
its
customers
to
use
the
Internet
for
mission-critical
applications.
The
Company
provides
corporate
Internet
access
and
private
networks,
including
dedicated
and
dial-up
Internet
access;
Web
hosting,
co-location
and
managed
security;
consulting
solutions;
and
voice,
fax
and
other
audio-video
products
and
applications.
The
Company
bundles
these
diverse
products
into
customized
packages
that
provide
its
customers
with
complete
end-to-end
solutions.
In
June
2001,
the
Company
and
24
of
its
operating
subsidiaries
in
the
United
States
voluntarily
filed
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
Four
Canadian
subsidiaries
also
have
filed
for
protection
under
the
Companies'
Creditors
Arrangement
Act
(CCAA)
statutes,
in
the
Ontario
Superior
Court
of
Justice. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PSINet
provides
high-speed
Internet
access
and
related
value-added
products
and
services
to
businesses
throughout
the
U.S.,
Canada,
Latin
America,
Europe,
India
and
Asia.
For
the
fiscal
year
ended
12/31/00,
revenues
increased
86%
to
$995.5
million.
Net
loss
from
continuing
operations
and
applicable
to
Common
rose
from
$351.7
million
to
$3.83
billion.
Revenues
reflect
acquisitions
and
internal
growth.
Higher
loss
reflects
impairment
and
restructuring
charges. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000
Compensation | | Pay | Exer | |
| Ian Sharp, 67
Chairman | -- | -- | Harry Hobbs, 47
Pres,
CEO, Director | $742K | $2.5M | Lawrence Hyatt, 46
CFO,
Exec. VP | 323K | -- | Kathleen Horne, 43
Exec.
VP, Gen. Counsel, Sec. | 402K | 923K | Lota Zoth, 41
Sr.
VP, Controller | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
