Financial


  • Sprint Entices Workers to Take Voluntary Buyouts
    Less than a week after reporting third-quarter losses of $326 million, Sprint Nextel Corp. (S) is trying to trim the payroll by offering voluntary buyouts. Sprint didn’t say how many of its 57,000 workers would get the offers; however, the carrier told the Kansas ...More
    November 13, 2008 Posted in News
  • PHONE+ Readers Provide Feedback From the Field
    There’s always a channel conflict with any vendor that has direct sales force. How that conflict is managed separates great channel carriers from poor ones.— Jeff OttAT&T (T), Verizon (VZ) and Embarq will not work with channel partners. They have house ...More
    November 12, 2008 Posted in Articles
  • Infra-Comm v. Cisco: Win Sets Precedent for Other Partner Suits
    The indirect channel at last has legal precedent for fighting back, and prevailing, when suppliers terminate them “without cause.” Orange County-based VAR Infra-Comm Corp. set the standard in October when it won a $6.3 million judgment from Cisco Systems ...More
    November 10, 2008 By Kelly Teal Posted in Articles
  • Samsung Claims Top Handset Spot
    Move over, Motorola (MOT). Samsung just passed you as the top handset vendor in the U.S.It happened in the third quarter, with Samsung claiming a little more than 22 percent of the market to Motorola’s 21 percent.Industry analysts say Samsung’s been able to ...More
    November 7, 2008 Posted in News
  • Cisco Earnings Fall Flat
    Shares of Cisco Systems Inc. (CSCO) declined Thursday, a day after the company reported flat sales for the first quarter of fiscal year 2009 and projected a revenue drop for the second quarter, which ends in January. CEO John Chambers, normally an optimistic guy, ...More
    November 6, 2008 Posted in News
  • Embarq, CenturyTel Deal Is Compelling
    As mergers go, the $5.8 billion, all-stock deal between CenturyTel Inc. (CTL) and Embarq Corp. (EQ) isn’t earth-shattering. It’s not likely to spark a frenzy of RLEC consolidation, analysts said, and competition won’t suffer because few, if any CLECs, ...More
    November 5, 2008 Posted in Articles
  • The Fastest Merger in the West?
    In what could be the fastest telecom merger in history, the FCC on Tuesday blessed Verizon Communications Inc.’s buyout of Alltel Corp., whose territory covers much of the western United States.Verizon only announced in June that it would acquire Alltel, whose ...More
    November 4, 2008 Posted in News
  • Verizon’s Alltel Buy: DoJ Decrees Divestiture
    One down, one to go. The Justice Department on Thursday gave Verizon Communications Inc. (VZ) the thumbs-up in its quest to buy Alltel Corp.However, it must say goodbye to assets in 22 states. That includes service in all of North Dakota and South Dakota, not to mention big ...More
    October 30, 2008 Posted in News
  • 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