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Web.alive Stays Alive

4:00 PM -- Everybody rest easy: Amid the panic around today's Nortel news, we can finally answer the question that's surely on all your minds. Yes, web.alive is still alive, according to Virtual Worlds News.

Whew.

Wait -- you don't know web.alive? It was the source of Nortel's recent good news. (See Lenovo Likes Nortel.) Nortel provides a thorough description here.

Hey, this might matter a lot. There's speculation that the Lenovo deal was the source of Nortel's recent stock surge. (Although, with all respect to former Light Reading Inc. staffer James Rogers, I'm not buying that theory. More likely, some buyout or bailout rumor floated among traders.)

— Craig Matsumoto, West Coast Editor, Light Reading

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