Financial


  • Verizon Files Second Cableco VoIP Lawsuit
    First Cox, now Charter. Verizon Communications Inc. is suing cableco Charter Communications Inc. for the same eight alleged counts of VoIP patent infringement as Cox Communications Inc. Charter declined comment, except to say it will defend itself; Verizon wouldn’t discuss ...More
    February 11, 2008 By Kelly Teal Posted in News, Voice over IP (VoIP)/IP Telephony
  • Yahoo! Rejects Microsoft Bid
    Yahoo! Inc. has officially rejected Microsoft Corp.’s unsolicited $44.6 billion offer to purchase the Internet company. The Yahoo! board made the announcement Monday morning, saying that the offer undervalues the company. The move had been widely expected since Microsoft’s ...More
    February 11, 2008 Posted in News
  • PAETEC Closes McLeodUSA Deal
    PAETEC on Friday closed its $557 million acquisition of privately held McLeodUSA Inc. The deal was announced nearly five months ago, on Sept. 17, 2007. It creates the first coast-to-coast CLEC; its size and revenue surpasses that of XO Communications, Level 3 Communications ...More
    February 8, 2008 Posted in News
  • Despite Tough 2007, Alcatel-Lucent Ended on a High Note
    Alcatel-Lucent reported Friday it had a better-than-expected fourth quarter, but noted that 2007 as a whole – the first full year for the recently combined entity – was obviously a difficult one. “2007 was certainly a year of challenge for us,” said CEO Patricia Russo. “We ...More
    February 8, 2008 Posted in News
  • Microsoft Still Waiting on Yahoo!
    Microsoft Corp. still is waiting to hear from Yahoo! Inc. about its unsolicited takeover bid, announced last week. Yahoo!’s not so keen on the idea, it seems. The Internet company’s CEO Jerry Yang has made no public statements, although he did send an e-mail to employees on ...More
    February 7, 2008 By Kelly Teal Posted in News
  • Cisco Meets Profit Expectations; Gloomy Outlook Sparks Tech Stock Upheaval
    In an late-afternoon earnings call Wednesday, Cisco Systems Inc. revised its revenue growth forecast for the third quarter down to just 10 percent, with CEO John Chambers noting that the vendor saw a rapid slowdown in December and January orders. Cisco’s third quarter ...More
    February 7, 2008 By Tara Seals Posted in News
  • Time Warner to Separate AOL Businesses
    Time Warner Inc. said Wednesday it will separate AOL’s online access and advertising divisions, and possibly spin off the remainder of the Time Warner Cable Inc. unit. CEO Jeff Bewkes said Time Warner is separating AOL’s dial-up access business from the online ad-based ...More
    February 6, 2008 Posted in News
  • Copper Conferencing Acquires The Conference Depot
    Copper Conferencing, a provider of audio conferencing, Web conferencing and videoconferencing services offered primarily through professional independent partners, said Tuesday it has acquired The Conference Depot Inc. Cooper Conferencing purchased the Carlsbad, Calif., ...More
    February 5, 2008 Posted in News
  • Microsoft Takes $44.6 Billion Aim at Yahoo
    Microsoft Corp. finally made all those rumors about buying Yahoo a reality Friday, offering $44.6 billion for the search engine. Microsoft said it will pay $31 a share for the company, a 62 percent premium over Thursday’s closing price. It is the largest ever acquisition ...More
    February 1, 2008 Posted in News
  • Motorola Possibly Selling Mobile Devices Unit
    Motorola Inc. said late Thursday it might sell its struggling mobile devices division. The news came a week after the equipment maker’s new CEO, Greg Brown, said a turnaround in the devices unit would take longer than expected and a couple of days after an analyst with ...More
    January 31, 2008 Posted in News