Financial


  • AT&T to Layoff 12,000, Plans Capex Cutback
    AT&T Inc. (T) today announced what it termed “a planned reduction” of approximately 12,000 jobs and a 2009 capex cutback, citing economic pressures, a changing business mix and a more streamlined organizational structure.The cuts represent 4 percent of its ...More
    December 4, 2008 By Bob Wallace Posted in News
  • Providea Acquires Videré Conferencing
    Providea Inc. has announced its acquisition of Boston-based Videré Conferencing Inc.. The acquisition nearly doubles the size and resources of the combined video conferencing company, which will operate under the name of Providea Conferencing LLC. Providea is a ...More
    December 3, 2008 Posted in News
  • Insight Focuses Its Might on Connectivity Sales
    When you visit the Tempe, Ariz. headquarters of global VAR Insight Enterprises Inc. (NSIT), you know that it’s not your ordinary company. First, there aren’t any offices to speak of in the 103,000 square-foot facility. This is by design; it’s a ...More
    December 2, 2008 By Khali Henderson Posted in Articles
  • Despite Economy, IT Pro Jobs Still Available
    The country may be hemorrhaging jobs, but IT professionals can still find work if they look hard enough.A new poll of CIOs shows the need for IT professionals remains stable, despite poor economic conditions. Twelve percent of CIOs in the Robert Half Technology IT Hiring ...More
    December 2, 2008 Posted in News
  • 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