Financial


  • Micro Mobile Model: MVNOs
    The Walt Disney Co. hung up on its second MVNO venture, shuttering Disney Mobile in September, a year after it gave up on ESPN Mobile. In between, another MVNO, Amp’d Mobile, filed bankruptcy and access to its customers was sold to Prexar LLC. The events call into question ...More
    November 1, 2007 Posted in Articles
  • Wireless+: UMDs Find Xohm Sweet Home
    There’s been a lot of talk about all the shiny new devices everyone from the Big Three carmakers to kitchen appliance manufacturers will offer to take advantage of the forthcoming 4G world of always-on, ubiquitous, high-speed connectivity. However, the first 4G devices ...More
    November 1, 2007 By Tara Seals Posted in Articles
  • Alcatel-Lucent to Cut 4,000 Jobs on 3Q Losses
    Alcatel-Lucent on Wednesday posted its third consecutive quarterly loss, resulting in thousands of job cuts and the departure of the company’s CFO. The world’s largest telecom equipment maker reported a net loss of $459.7 million in the third quarter of 2007. Revenue fell ...More
    October 31, 2007 Posted in News
  • Qwest Earnings Miss Expectations
    A tax benefit helped Qwest Communications International Inc. record a big jump in third-quarter net income, but it wasn’t all good news for the Denver-based phone company. A one-time benefit of $2.15 billion boosted Qwest’s net-income to 2.07 billion in the third quarter, ...More
    October 30, 2007 Posted in News
  • Platinum Equity Buys Covad
    An ongoing lack of profitability and problems provisioning its hosted VoIP services are two likely reasons Covad Communications Group has agreed to be bought by Platinum Equity, a private equity firm. The companies said on Monday Platinum Equity will pay $1.02 per share, or ...More
    October 29, 2007 By Kelly Teal Posted in News
  • Verizon Earnings Down 34 Percent
    Verizon Communications Inc. said Monday third-quarter net-income fell 34 percent compared to a year ago in large part because of a tax charge, but the teleco did post higher sales. Verizon earned $1.27 billion, or 44 cents a share, compared with $1.92 billion or 66 cents a ...More
    October 29, 2007 Posted in News
  • Verizon, Vonage Settle Their Differences
    Vonage Holdings Corp. and Verizon Communications Inc. on Thursday settled their patent dispute in a move that some analysts predict might keep Vonage out of bankruptcy – for now. Vonage said its payments to Verizon will be capped at $32 million, in addition to the $88 ...More
    October 25, 2007 By Kelly Teal Posted in News, Voice over IP (VoIP)/IP Telephony
  • Level 3 CEO: Provisioning Problems Affected Earnings
    Level 3 Communications Inc. reported a net loss of $174 million, or 11 cents per share, during the third quarter of 2007, a slight improvement over the second quarter’s $202 million net loss. CEO James Crowe called the results disappointing. “While we continued to grow core ...More
    October 23, 2007 Posted in News
  • AT&T 3Q Profits Nearly Double
    AT&T Inc., the nation’s largest telecom company, on Tuesday reported third-quarter profits of $3.1 billion, or 50 cents per share. That’s compared to $2.2 billion during the same period a year ago; however, shares at that time totaled 56 cents apiece because there were ...More
    October 23, 2007 Posted in News
  • Vonage: AT&T Suing Us for Patent Infringement
    How much more can Vonage Holdings Corp. take? The IP telephony provider said late Friday it is facing another patent infringement suit, this time filed by AT&T Inc. Vonage told the Securities and Exchange Commission that AT&T filed the claim on Oct. 17 in the U.S. ...More
    October 19, 2007 Posted in News, Voice over IP (VoIP)/IP Telephony