Financial


  • Monday’s Telecom Stocks Freefallin’
    Can’t help but hear Tom Petty when we watch the stock market these days. And on Monday morning, the only tune in our heads was “Free Fallin’.”On the first business day after President Bush signed the $700 billion Wall Street bailout bill, the Dow ...More
    October 6, 2008 Posted in News
  • Verizon: We’re Still Buying Alltel
    Verizon Communications Inc. (VZ) shares were down in early morning trading Monday as speculation hit the company that it might not be able to go through with its planned Alltel Corp. acquisition. On Friday, a Fitch Ratings analyst released a note questioning ...More
    October 6, 2008 Posted in News
  • Union to Qwest: Thanks, But No Thanks
    Qwest Communications International Inc. (Q) union workers have rejected a proposed new contract.The news broke Tuesday evening and company executives, according to media reports, are baffled. That’s because Qwest and the union struck a three-year deal in August, ...More
    October 1, 2008 Posted in News
  • Market Meltdown: Equipment, Software Vendors to Suffer Most
    When the Dow dropped its worst-ever 777 points this week, it dragged with it stocks of every kind – except shares of Campbell’s Soup. (After all, what tastes better after a horrible day than comfort food?) The recession that’s been threatening to hit will ...More
    October 1, 2008 By Kelly Teal Posted in Articles
  • Actelis Hires Manuele as New Sales VP
    Actelis Networks has hired Joe Manuele as its new vice president of worldwide sales and customer service.Manuele's responsibilities will include overseeing Actelis' channel operations, which include worldwide partners that meet the needs of customers across Europe, Asia, ...More
    September 29, 2008 Posted in News, Ethernet/ MPLS
  • Judge Gives Thumbs-Up to Motorola, Zander Suit
    Thank you, human frailty. You ensure job security for business journalists everywhere. This time the credit goes to Ed Zander, the former Motorola Inc. (MOT) CEO who helped the company topple from No. 1 in the handset market to wherever it is now. A federal judge is ...More
    September 26, 2008 Posted in News
  • Martin’s FCC Hurries to Tackle Wireless Mergers
    The Bush administration is revving up to make its mark before the administration changes hands, and communications is one of its target areas. ...More
    September 26, 2008 Posted in News
  • Sprint: We Love Nextel – Really, We Do
    Nextel is not the red-headed stepchild Sprint wants to hide in the attic. So insisted (in different words, of course) Sprint Nextel Corp. (S) CEO Dan Hesse last week at an investor conference hosted by Goldman Sachs (or, Last Bank Standing).That insistence led analysts ...More
    September 22, 2008 Posted in News
  • Judges Could Overturn Nacchio Conviction
    Joe Nacchio might get his lucky break on Thursday. The former CEO of Qwest Communications International Inc.(Q), found guilty last year of insider trading, gets a second review of his conviction this week. He’s been free on appeal. A federal appeals court last March ...More
    September 22, 2008 Posted in News
  • Market Hurts Qwest, Cablevision Refinancing Options
    Investment bank shutdowns and bankruptcies, coupled with billions in government bailouts for private companies, have strangled the credit market. In fact, money is so hard to come by that Qwest Communications International Inc. (Q) and Cablevision Systems Corp. (CVC) ...More
    September 19, 2008 Posted in News