Financial


  • Broadview Networks Files IPO Paperwork
    Broadview Networks Inc., a competitive carrier in New York, has filed to raise up to $287.5 million in an IPO. That number could change, though, as Broadview didn’t say how many shares it expects to offer or at what price. The company plans to trade on the Nasdaq under a ...More
    November 30, 2007 By Kelly Teal Posted in News
  • Zander Out as Motorola CEO
    Despite slightly improved third-quarter earnings, Motorola Inc. CEO Ed Zander on Friday said he will step down. The move comes after months of rumors that Zander, unable to turn around Motorola’s mobile-phone business, would lose his job. President and COO Greg Brown, 47, ...More
    November 30, 2007 By Kelly Teal Posted in News
  • Verizon Chooses LTE
    Verizon Wireless has finally made a decision on 4G, and it’s the expected one: the operator said on Thursday it plans to upgrade its network to Long Term Evolution (LTE) technology, and will begin trials in 2008. No timeframe has been given for building the network, but ...More
    November 29, 2007 By Tara Seals Posted in News, Voice over IP (VoIP)/IP Telephony
  • FCC Signs Off on PAETEC-McLeodUSA Combo
    The FCC has approved the $557 million merger of PAETEC and McLeodUSA Inc., the companies said Tuesday. The Federal Trade Commission already has given the deal its blessing, so the PAETEC and McLeodUSA now are waiting for final regulatory approvals. PAETEC and McLeodUSA ...More
    November 28, 2007 Posted in News
  • BCN Telecom Announces Agreement With Powercom
    BCN Telecom announced it has made a working capital and equity investment in Powercom, a privately held facilities-based telecommunications provider located in Beaver Dam, Wis., serving approximately 16,000 business and residential customers. As part of the investment ...More
    November 19, 2007 Posted in News
  • Dell to Buy SaaS Provider Everdream
    Dell Inc. said last week it will acquire Everdream Corp., further capitalizing on the growing trend of SaaS. Terms of the deal were not disclosed. Dell said the acquisition of the California-based company complements its purchase earlier this year of software company ...More
    November 19, 2007 Posted in News, Software as a Service/ Cloud Services (SaaS)
  • Vonage Won’t Get Appeal, Must Pay Verizon
    Vonage Holdings Corp. will pay $120 million to end the patent infringement lawsuit it lost to Verizon Communications Inc. earlier this year. A U.S. appeals court last week refused to reconsider the case and Vonage now must pay Verizon $117.5 million and give $2.5 million to ...More
    November 19, 2007 Posted in News
  • Cisco to Repurchase Additional $10 Billion of Stock
    Cisco Systems Inc. said Friday it would buy back an additional $10 billion of its common stock, bringing the total under the program to $62 billion. Since the inception of the repurchase program in September 2001 through the close of Cisco's first quarter of fiscal year ...More
    November 16, 2007 Posted in News
  • RCN Wraps Up NEON Merger
    RCN Corp. this week wrapped up its merger of NEON Communications Group and unveiled its expanded commercial division. The East Coast companies announced in June that they would merge for up to $5.25 per share in a deal totaling approximately $260 million. RCN is one of ...More
    November 13, 2007 Posted in News
  • Vonage Loses $161.8 Million in Third Quarter
    The improved net losses that Vonage Holdings Corp. recorded in the second quarter did not carry over into the third quarter. The IP telephony provider on Thursday announced its earnings, which amounted to a net loss of $161.8 million, or $1.04 per share. That’s compared to ...More
    November 8, 2007 Posted in News