Financial


  • Level 3 Works Out the Kinks
    It’s no secret that with growth comes pain. In the case of Level 3 Communications Inc., a two-year M&A spree culminated this summer in back-office and operational problems that had a lot of agents grumbling. Some were past the complaints stage and said ...More
    November 1, 2007 By Kelly Teal Posted in Articles
  • Column: Ask Steve - IPTV for SMBs
    What Do SMBs Want? Ask Yankee Group analyst Steve Hilton. Send your questions to asksteve@yankeegroup.com. Please include your name, city, state and a phone number. Only first names and locations will be published. I used to think that businesses had absolutely no reason to ...More
    November 1, 2007 Posted in Articles
  • Wireless+: The Demise of the Foleo
    As far as data devices go, Palm Inc. has been in the business as long as anybody, and has built a loyal following of anti-BlackBerry users for its PalmPilots and Treo smartphones. So it was with some fanfare that the company announced the Foleo “mobile companion,” meant to ...More
    November 1, 2007 By Tara Seals Posted in Articles
  • Disney Hangs Up on MVNO
    On Dec. 31, Disney Mobile will officially turn back into a pumpkin. The kid-focused and parent-friendly MVNO, which runs on the Sprint Nextel network, announced last month it would be turning off service a scant 18 months after launch. The Walt Disney Co. is bowing out of ...More
    November 1, 2007 By Tara Seals Posted in Articles
  • 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