Financial


  • Report: Ex-Vodafone CEO to Reject Yahoo! Offer
    The key contender to replace Jerry Yang at Yahoo! Inc. (YHOO) reportedly is nixing the deal. Arun Sarin, former Vodafone Group (VOD) CEO, was considered the lead candidate to become Yahoo!’s new CEO. But articles started circulating Monday that Sarin wanted ...More
    December 16, 2008 Posted in News
  • Analysts: Mobile Phone Market to Decline in ‘09
    It’s time to rethink the notion that the economy won’t hurt the mobile phone market. For a couple of months, analysts and the telecom industry have considered mobility insulated from the world’s tanking financial condition. Now comes a poll showing that ...More
    December 16, 2008 Posted in News
  • Downgrade Monday: AT&T, Alcatel, Nortel Slammed
    AT&T Inc. (T), Nortel Networks Corp. (NT) and Alcatel-Lucent  (ALU) all closed down Monday after separate agencies downgraded the companies’ credit ratings. Goldman Sachs cut AT&T’s to Neutral from Buy, citing, among other reasons, ...More
    December 15, 2008 Posted in News
  • Rockefeller to FCC’s Martin: Stick to DTV Transition
    The man expected to become chairman of the Senate Commerce Committee on Friday asked the FCC to forgo a vote on the AWS-3 auction next week and instead focus on the upcoming DTV transition, which has not gone as expected in test launches so far. “We strongly urge you ...More
    December 12, 2008 Posted in News
  • Nortel Faces NYSE Delisting
    Could the end of the year also be the end of Nortel Networks (NT)? We certainly hope not, but circumstances aren’t looking good for the telecom equipment maker. A day after reports circulated that Nortel is eyeing bankruptcy, the company received notice from the ...More
    December 11, 2008 Posted in News
  • Gonen Resigns From deltathree
    Dror Gonen is resigning as deltathree Inc.'s president and CEO, citing personal reasons. Gonen's resignation comes as analysts and reporters wonder how much longer deltathree will be in business.Gonen had only run the VoIP provider since April of this year. But in that ...More
    December 10, 2008 Posted in News
  • Nortel Stocks Plunge on Bankruptcy News
    Nortel Networks (NT) stocks hurtled downward Wednesday on reports that the company is looking at filing bankruptcy. The telecom equipment maker’s shares dropped 23 percent after the Wall Street Journal said Nortel is getting advice on bankruptcy-court ...More
    December 10, 2008 Posted in News
  • Leach to Replace Bantoft as PAETEC Channel Chief
    John Leach, South region president for PAETEC Communications (PAET), is taking over the top channel spot at the Rochester, N.Y. CLEC. He will replace Chris Bantoft, who was a casualty of the layoffs the company announced Dec. 5 as part of cost-cutting measures in light ...More
    December 10, 2008 By Khali Henderson Posted in News
  • Qwest CEO: We’ve Got the Dough for 2010 Debt
    Ed Mueller, CEO of Qwest Communications International Inc. (Q), told analysts this week his company has enough room to deal with debt maturities that come due in late 2010. Reuters reports that Mueller says Qwest is generating free cash flow and could handle ...More
    December 9, 2008 Posted in News
  • Level 3 Cutting 450 Jobs Before Year’s End
    Monday was not a good day for telecom.Alvarion Ltd. (ALVR) announced 110 job cuts early on in the day, and late in the afternoon, Level 3 Communications Inc. (LVLT) said it would have to shed 450 positions. That amounts to 8 percent of the Colorado company’s ...More
    December 8, 2008 Posted in News