* Xybernaut, a Fairfax manufacturer of wearable computers, said it is cutting its workforce by half this year, in part by shrinking overseas operations, in an effort to halve its operating costs. Xybernaut employed 145 people in the United States, Germany and Japan at the start of the year. It reported a third-quarter loss of $7.9 million (10 cents per share) on revenue of $2.5 million. That compared with a loss of $8.1 million (15 cents) on revenue of $2.3 million in the third quarter of 2001. The company also said Thomas D. Davis, formerly vice president of finance and controller, will become the company's chief financial officer.
* Via Net.Works, a Reston company that provides Internet services, said it cut its third-quarter loss to $11.7 million (19 cents per share), compared with a loss of $26.2 million (43 cents) in the year-ago period. During the quarter Via discontinued operations in Ireland and sold its Mexico unit, reducing its payroll to 596, from 725. The company also said it has reorganized its operations in Germany, a move that will trim more jobs. The firm's third-quarter revenue fell slightly, to $19.6 million, from $20 million in the year-ago quarter. Via reaffirmed plans to relocate its headquarters to the United Kingdom and eventually to close its Reston office. E. Benjamin Buttolph, chief financial officer since April, will leave Via today. Karl Maier, president, will act as chief financial officer in the interim. In October, the firm named Rhett S. Williams its new chief executive. Shares of Via Net.Works rose 3 cents to 61cents a share.
* Comtex News Networks, an Alexandria Internet news company, said it posted a loss of $267,473 (2 cents per share) in the three months ended Sept. 30, compared with net profit of $69,397 (1 cent) in the same period of the previous year. The company's revenue for its first fiscal quarter fell to $2.4 million, from $3.5 million in the year-ago quarter. Shares of Comtex closed unchanged at 15 cents.
* Women in Technology, a Washington technology organization, named eight finalists for its Heroines in Technology Award, given in conjunction with the March of Dimes. The finalists included: Deirdre M. Blackwood, vice president of corporate communications at Manugistics; Gloria Story Dittus, president and chief executive of Dittus Communications; Eileen M. Ellsworth, executive director of Empower Girls; Maria Demaree Hutchinson, manager of the technical leadership development program at Lockheed Martin; Lori Remley Mody, founder of the Win-Win Strategies Foundation and co-founder of Signal; Carol Quin, information systems analyst of the Marasco Newton Group; Lucy L. Thomson, senior engineer of Computer Sciences; and Jill Wood, technical support manager for the Office of the Secretary of Defense.
Compiled from reports by Washington Post staff writers, washingtonpost.com and Dow Jones News Service