Also . . .

* SeeBeyond Technology Corp. of Monrovia named former Oracle Corp. President Raymond Lane, a SeeBeyond director for four years, as chairman of the board.

SeeBeyond also announced that sales in the third quarter were about $41 million, short of expectations, and that it will report a loss for the period of 6 cents to 7 cents a share before restructuring and other costs.

Shares of the maker of systems integration software for corporations rose 41 cents, to $2.06, in Nasdaq trading Wednesday but is down more than 90% this year. The company, previously known as Software Technologies Corp., first sold shares to the public in April 2000 at $12. It now has a market value of about $147 million.

* Faced with a worsening telecommunications market, Global Crossing Ltd. will unveil a major restructuring plan today that includes the sale of two businesses and a proposed merger with its sister firm, Asia Global Crossing, according to an industry source.

Beverly Hills-based Global Crossing, which sells voice and data communication services over fiber-optic networks, also plans to name a new chief executive and will warn investors that its third-quarter financial results will be “substantially below” expectations.