Financial


  • Level 3 Loses $120 Million in 3Q
    Level 3 Communications Inc. (LVLT) still is losing money, but at least not as much as Wall Street had feared.The Colorado carrier on Thursday reported $120 million in losses during the third-quarter, compared to losses of $174 million a year earlier. Sales, however, ...More
    October 23, 2008 Posted in News
  • AT&T Boosts 3Q Profits Slightly
    Some good news at last? AT&T Inc. (T) today reported a 5.5 percent rise in profit during the third quarter of 2008.Analysts and other experts have been saying AT&T and Verizon Communications Inc. (VZ) results would serve as a bellwether for the entire ...More
    October 22, 2008 Posted in News
  • Optimum Lightpath Closes 4Connections Acquisition
    Optimum Lightpath has completed the acquisition of 4Connections LLC, a dark fiber company out of New Jersey.Under terms of the agreement, 4Connections will operate as a wholly-owned subsidiary of Optimum Lightpath. The existing management team and employees will remain ...More
    October 21, 2008 Posted in News, Ethernet/ MPLS
  • UCN Changes Name to inContact
    UCN Inc. (UCNN), a provider of on-demand contact center software for intelligent contact routing and agent improvement, has received shareholder approval to change the company name from UCN Inc. to inContact Inc. This change will go into effect Jan. 1. The decision was ...More
  • Dow Dives 733 Points, Marking Second-Worst Day
    And here. We go. Again. Wall Street’s week started on a high point on Monday as it closed 936 points higher than its opening numbers. Tuesday wasn’t so bad either but it all led up to today – the day the Dow industrials saw their second-worst point drop ...More
    October 15, 2008 Posted in News
  • CLEC TelNet Expands Even in Tough Economy
    Most companies – including service providers – either are downsizing or imposing hiring freezes these days. But not TelNet Worldwide Inc.. The Michigan-based CLEC said Wednesday it has expanded its network in the Kalamazoo and Traverse City markets, reaching a ...More
    October 15, 2008 Posted in News
  • Round Table: Intercarrier Compensation Reform
    “This is a complex issue and to think that this can be resolved in a rational way in that amount of time ... is really putting a lot of undue strain on all the carriers that would be affected.”--William Haas, PAETEC regulatory and public policy vice ...More
    October 15, 2008 Posted in Articles
  • Election 2008: Status Quo or New Directions?
    Technology policy is not center stage in this year’s presidential campaign. Both candidates — Sens. John McCain, R-Ariz., and Barack Obama, D-Ill. — are consumed with weightier subjects, namely the economy and Iraq. That’s not to say technology ...More
    October 14, 2008 By Kelly Teal Posted in Articles
  • Dow, S&P Suffer Worst-Ever Week
    Got that Friday night beer ready? You might want a few swigs before you keep reading. But heck, you probably already know: The Dow Industrials and S&P 500 suffered their worst week ever (no VH1 comedy show here) at the closing bell Oct. 10. On the positive side, a quick ...More
    October 10, 2008 Posted in News
  • Verizon to Divest 15 More Markets
    Verizon Communications Inc. (VZ) said this week it will divest 15 additional markets this week, for a total of 100, to entice the Justice Department to approve the pending Verizon-Alltel merger. Telecom analysts for investment bank Stifel Nicolaus said in a research note ...More
    October 10, 2008 Posted in News