Financial


  • Qwest: Tiny Profit Means Big Job Cuts
    Trickle-down economics indeed. That thinking has worked wonders so far. Now, as the inevitable recession kicks in, consumers and SMBs are cutting cords. And the rollbacks are slamming the country’s third-largest Bell company. Qwest Communications International ...More
    October 29, 2008 Posted in News
  • Who Are You?: A PHONE+ Readers’ Self Portrait
    Since this PHONE+ issue is all about YOU, we wanted to find out who YOU are. So, we asked you a few questions through an online survey between July 1 and Sept. 30. Here’s what you told us about your businesses and the channel.Your CompaniesYou are small businesses for ...More
    October 29, 2008 Posted in Articles
  • Channel: Can I Get Some Credit?
    For the most part, solution providers are reporting business as usual in light of the economic crises plaguing America these past few months. However, stories are beginning to surface about credit lines getting yanked and therefore killing financing for a deal.Not only ...More
    October 27, 2008 Posted in News
  • Verizon: Wireless is Our Friend
    Somewhere in Verizon Communications Inc.’s (VZ) deepest recesses, there surely is a shrine to cell phone inventor Martin Cooper where Ivan Seidenberg bows, often. Because without wireless, Verizon – not to mention its rivals – would be hurtin’ ...More
    October 27, 2008 Posted in News
  • Level 3 Loses $120 Million in 3Q
    Level 3 Communications Inc. (LVLT) still is losing money, but at least not as much as Wall Street had feared.The Colorado carrier on Thursday reported $120 million in losses during the third-quarter, compared to losses of $174 million a year earlier. Sales, however, ...More
    October 23, 2008 Posted in News
  • AT&T Boosts 3Q Profits Slightly
    Some good news at last? AT&T Inc. (T) today reported a 5.5 percent rise in profit during the third quarter of 2008.Analysts and other experts have been saying AT&T and Verizon Communications Inc. (VZ) results would serve as a bellwether for the entire ...More
    October 22, 2008 Posted in News
  • Optimum Lightpath Closes 4Connections Acquisition
    Optimum Lightpath has completed the acquisition of 4Connections LLC, a dark fiber company out of New Jersey.Under terms of the agreement, 4Connections will operate as a wholly-owned subsidiary of Optimum Lightpath. The existing management team and employees will remain ...More
    October 21, 2008 Posted in News, Ethernet/ MPLS
  • UCN Changes Name to inContact
    UCN Inc. (UCNN), a provider of on-demand contact center software for intelligent contact routing and agent improvement, has received shareholder approval to change the company name from UCN Inc. to inContact Inc. This change will go into effect Jan. 1. The decision was ...More
  • Dow Dives 733 Points, Marking Second-Worst Day
    And here. We go. Again. Wall Street’s week started on a high point on Monday as it closed 936 points higher than its opening numbers. Tuesday wasn’t so bad either but it all led up to today – the day the Dow industrials saw their second-worst point drop ...More
    October 15, 2008 Posted in News
  • CLEC TelNet Expands Even in Tough Economy
    Most companies – including service providers – either are downsizing or imposing hiring freezes these days. But not TelNet Worldwide Inc.. The Michigan-based CLEC said Wednesday it has expanded its network in the Kalamazoo and Traverse City markets, reaching a ...More
    October 15, 2008 Posted in News