Financial


  • Take an Aspirin: Recession is Official
    Grab the aspirin, shred the 401(k) statements and turn the TV to a feel-good station: The recession ain’t going anywhere, so it’s best to get away from the bad news for a while. The nation found out yesterday that we’ve been in a recession for a year ...More
    December 2, 2008 Posted in News
  • Xohm Brand Gone as Sprint, Clearwire Merge WIMAX Assets
    The $14.5 billion Sprint-Clearwire merger officially has closed and the brand name decision-making has begun. Clearwire Corp. announced on Monday, three days after the final handshakes took place over the long-discussed WiMAX venture, it will toss the “Xohm” ...More
    December 1, 2008 Posted in News
  • Broadview Ranked 57 on Crain’s NY List
    Broadview Networks was ranked as one of the largest privately held companies in the New York area for the second consecutive year, by Crain’s New York Business. Crain’s list of the top privately held companies is published annually and was compiled from data ...More
    November 26, 2008 Posted in News
  • Sales Reps Take Sprint to Court
    Alleged computer problems shorted thousands of Sprint Nextel (S) retail sales reps out of an estimated $5 million in commissions, according to a suit filed by the affected employees. The impact is so wide-reaching that the case has been certified as a class-action ...More
    November 26, 2008 Posted in News
  • Cisco Headed for Week-Long Shutdown
    Cisco Systems Inc.(CSCO) will save $1 billion by shutting down for one week at the end of this year.The San Jose, Calif.-based networking giant is imposing a mandatory shutdown from Dec. 29, 2008-Jan 2, 2009.There will be some exceptions to the closure, including technical ...More
    November 24, 2008 Posted in News
  • deltathree Struggles Make Us Ask: Can We Help Ya?
    delta, delta, delta, can we help ya, help ya, help ya?Forgive us. Slight SNL flashback. Anyhoo, the question still stands. Wholesale VoIP provider deltathree Inc. is suffering more hard times. The company was delisted from the Nasdaq earlier this year; its third-quarter ...More
    November 24, 2008 Posted in News, Voice over IP (VoIP)/IP Telephony
  • S&P Switches Integra Telecom’s Outlook to Negative
    For the second time this week, Standard & Poor’s Ratings Services has downgraded a competitive service provider’s outlook. On Wednesday, S&P analysts pushed Integra Telecom’s outlook to negative, although they affirmed its corporate ratings; they ...More
    November 19, 2008 Posted in News
  • Birch Wraps NavTel Customer Buyout
    CLEC Birch Communications Inc. said this week it has wrapped its acquisition of certain business and residential customers bought from Navigator Telecommunications Inc.The deal, announced in July, originally was projected to close in October. Birch now owns customers in new ...More
    November 19, 2008 Posted in News
  • Microsoft: Read My Lips: No Yahoo! Takeover
    Either Microsoft Corp.’s (MSFT) Steve Ballmer is trying to get Yahoo! Inc.’s (YHOO) shares as low as they’ll go, making for a cheap takeover, or he really means it: Microsoft will not buy Yahoo!. "Let me be as clear as I think I've tried to be ...More
    November 19, 2008 Posted in News
  • Cisco Partner Eats Its Own
    Gold-certified Cisco Systems Inc. (CSCO) partner INX Inc. (INXI) has acquired Cisco VAR, NetTeks Technology Consultants, based in Boston.The acquisition expands the Houston-based VAR’s reach into the Northeast. The deal includes $1.35 million in cash and ...More
    November 19, 2008 Posted in News