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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 August 5, 2002

8/8/02 WorldCom, which recently filed for Chapter 11 bankruptcy protection has announced that an extra $3.3 billion in earnings has been wrongly reported before interest, taxes, depreciation and amortization. This is in addition to $3.8 million previously overstated earnings. 8/7/02 RealNetworks announced that it will toss out 11 percent of its workforce. This amounts to 90 heads. The company is making this move in order to concentrate on Helix, a technology platform that offers robust content online. 8/5/02 iNTELEFILM Corporation announced today it has filed for Chapter 11 Bankruptcy protection. This filing will allow the company cash-flow relief as it takes on it's lengthy court battle against ABC Radio Networks, Inc. and The Walt Disney Company in which it there was a jury award of $9.5 million this past May.

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