PAETEC Up Ahead of Earnings
Buoyed by the extended U.S. stock market rally, competitive service provider PAETEC (PAET) saw its share price rise today in advance of tomorrow’s earnings report.
The telco will release its second-quarter earnings tomorrow. Shares in PAETEC, which have risen along with the broader market gains since March, were up slightly at the end of the day on the Nasdaq.
In May PAETEC said it had settled a patent-infringement suit brought by Sprint Nextel over Sprint’s VoIP technology. PAETEC agreed to license some of Sprint’s patents, more than a year after Sprint sued PAETEC and three other rivals for IP telephony patent infringement.
Last month the company cut the ribbon on an advanced data center in Bethlehem, Pa. The 6,500-square-feet facility offers connectivity up to 10 Gbps using more energy-efficient devices and a new Bi-Fuel power system that runs on either conventional diesel or a greener combination of diesel and natural gas.
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