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IPtimize to Acquire WTI

Denver-based IPtimize Inc. plans to buy CLEC WTI LLC in a move it expects will boost revenue and subscriber counts. Terms of the deal were not disclosed, even though IPtimize is a publicly traded company. However, it trades on the Pink Sheets market, a system comprised of companies that dont have to meet any listings […]

Sprint Profits Drop to 1 Cent Per Share

Sprint Nextel Corp. reported a drop in second-quarter profits on Wednesday due to its WiMAX initiative and takeover expenses. The wireless provider said it earned $19 million during the three months that ended June 30, or 1 cent per share, compared with $370 million, or 10 cents per share, during the same period a year […]

MINO Targets Enterprises with Mobile VoIP Solution

MINO Wireless is another example of a company started by somebody trying to solve their own problem. Jing Liu, CEO and founder of the Sunnyvale, Calif.-based mobile VoIP service provider says he got the idea for MINO in late 2004 when he was doing a lot of travel in Asia. At the time, Liu says, […]

Cisco Profits Rise on Increased Sales

Cisco Systems Inc. saw a 25 percent rise in profit in its fourth quarter of 2007 as customers spent more money, the company reported on Tuesday. The equipment makers fourth-quarter net income climbed to $1.93 billion, or 31 cents a share, up from $1.54 billion, or 25 cents, a year earlier. Sales increased 18 percent […]

Nortel Posts $37 Million Loss

Nortel Networks posted a second-quarter loss on Thursday. The company reported a $37 million loss, or 7 cents a share, compared with a net income of $342 million, or 79 cents a share a year earlier. That number was inflated by a $510 million legal settlement. Nortel said the net loss in the second quarter […]

Qwest Earnings Double

Qwest Communications International Inc. posted second-quarter earnings Wednesday that more than doubled from the same period last year. The Denver-based phone company said net income was $246 million, or 13 cents per share, compared with $117 million, or 6 cents per share, during the second quarter in 2006. It was the sixth consecutive quarter Qwest […]

Alcatel-Lucent Posts Another Loss

Alcatel-Lucent, still struggling from last years merger, posted its second straight quarterly loss Tuesday. The equipment maker reported an adjusted net loss of $460.3 million in the second quarter, or 37 cents per share, compared with what would have been a profit of $413 million, or 17 cents per share, from a year ago. The news sent […]

Verizon Reports 4.5% Earnings Growth

Verizon Communications Inc. on Monday reported second-quarter earnings that came in 4.5 percent higher than a year ago. The nations second-largest phone company attributed the increase to growth in its wireless division. Verizon earned $1.68 billion, or 58 cents per share, up from $1.61 billion, or 55 cents per share, in the second quarter of […]

AT&T Reports 61% Growth in Profits

AT&T Inc. reported a 61 percent surge in profits during the second quarter of 2007, thanks to the BellSouth Corp. acquisition and an exclusive deal on Apples iPhone. The nations largest local phone company said Tuesday its net income totaled $2.9 billion, or 47 cents a share, up from $1.8 billion, or 46 cents, a […]

RCN to Buy NEON for $260 Million

Virginia-based RCN Corp. said on Monday it will buy NEON Communications Group for up to $5.25 per share in a deal totaling approximately $260 million. Both companies boards have approved the acquisition, which should close in the fourth quarter. RCN is one of several CLECs that offers video services, along with voice and data. It […]

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