* BearingPoint, a McLean network-integration and business-consulting firm, named Robert S. Falcone its chief financial officer. Falcone recently worked as the chief financial officer of 800.com, a Portland, Ore-based Internet electronics seller that agreed to sell some of its assets to Circuit City Stores earlier this month. From 1992 to 1998, Falcone was the chief financial officer of Nike. He also worked at Price Waterhouse for more than two decades. Falcone will start at BearingPoint on April 1.
* Isomet, a Springfield fiber-optics firm, said it lost $317,000 (16 cents per share) in the three months ended Dec. 31, compared with a loss of $257,000 (13 cents) a year earlier. Fourth-quarter revenue rose to $794,000, from $678,000 in the year-earlier quarter. In all of 2002, Isomet lost $792,000 (40 cents), compared with a loss of $694,000 (35 cents) the previous year. The company's revenue for the year fell to $3.6 million, from $4.8 million in 2001. Isomet's stock closed unchanged at 90 cents a share.
* Essex, an optical equipment and engineering firm based in Columbia, said lower research costs helped cut fourth-quarter losses for the three months ended Dec. 29. The company's loss narrowed to 327,000 (4 cents per share), from $819,00 (12 cents) a year earlier, while its fourth-quarter revenue rose to $1.4 million from $761,000. In fiscal 2002, Essex lost $2.2 million (29 cents) on revenue of $4.5 million, compared with a loss of $3.6 million (67 cents) on $2.6 million in revenue the previous year. Essex shares closed unchanged at $3.60.
* AT&T Government Services of Vienna said the Army awarded the telecommunications firm a 13-month, $2 million contract to help develop new technologies and communications systems used for combat training and simulation. The Army Program Executive Office Simulation, Training and Instrumentation in Orlando awarded the contract. The work will be done at the company's Orlando offices, which specialize in modeling, simulation and systems integration.
Compiled from reports by Washington Post staff writers, washingtonpost.com and Dow Jones News Service