* SteelCloud, a Dulles company that builds network appliances and servers, lost $1.1 million (8 cents a share) on $6.6 million in revenue during its third fiscal quarter, compared with profit of $10,308 (1 cent) on $8.2 million in revenue during the year-ago quarter. For the nine months ended July 31, the company lost $3 million (22 cents) on $16.6 million in revenue, compared with earnings of $199,095 (2 cents) on $24 million in revenue during the same period in fiscal 2003. In a statement, Thomas P. Dunne, SteelCloud's chairman and chief executive, called the results disappointing but predicted an improvement in revenue and profit starting in the fourth quarter. Shares of SteelCloud closed yesterday at $2.32, down 14 cents.
* Ciena of Linthicum was granted one injunction and denied another in a long-standing patent-infringement case against Corvis, its Columbia-based rival in making fiber-optic network equipment. A U.S. District Court judge in Delaware last week blocked Corvis from using a technology a jury previously determined Corvis did not have the right to use. Corvis said the injunction that was granted would not affect its business because it no longer sells products using the technology. Ciena, whose founder left to start Corvis, sued Corvis in 2000 for infringing four patents. A Ciena spokesman said it was considering further legal options. Litigation in the case may continue for a year or more, and damages would be awarded only after the case concludes.
* Titan, a government technology contractor based in San Diego, will open a 280,000-square-foot office complex at Reston Town Center today. The new building accommodates more than 1,000 employees and will serve as the Washington area headquarters for five of Titan's eight business sectors that serve government agencies. Titan has several facilities and nearly 3,000 employees in the Washington area.
* Northrop Grumman's information technology sector, based in Herndon, said it won the right to compete for up to $120 million in work over five years from the U.S. Department of Transportation. Northrop Grumman was one of nine contractors that will compete for task orders to protect several modes of transportation, logistics processes and governmental operations from sabotage and terrorist attacks. Northrop Grumman is based in Los Angeles.
Compiled from reports by Washington Post staff writers.