loss

 

Lightyear Narrows Losses

Lighyear, the Louisville, Ky.-based telecom provider, expects to post a net loss from operations of between $800,000 and $1.1 million. That’s down about 70 percent from a 2010 loss of $2.9 million.

Apple Finally Opens Up the iPhone, Goes Corporate in 2.0 Release

After a few months of bated breath on the part of tech-heads and gadget gurus everywhere, Apple Inc. on Thursday officially unveiled the long-awaited software development kit for the iPhone and the iPod Touch. In English, that means that third parties can create native applications for the hot device. Apple also announced that the next […]

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 […]

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 […]

Time Warner Telecom Closes Gap on Quarterly Losses

Colorado-based Time Warner Telecom Inc. improved its losses during the first quarter of 2007, the second straight quarter it has reported earnings since buying Xspedius Communications. The CLEC on Wednesday posted a net loss of $13.8 million, or 10 cents per share, as compared to a loss of $22.3 million, or 19 cents per share, […]

Sprint Posts $211 Million 1Q Loss

Sprint Nextel Corp., which has been struggling to keep wireless subscribers, on Wednesday reported that it lost $211 million, or 7 cents per share, during the first quarter. Thats compared to profit of $417 million, or 12 cents per share, a year ago. The financial losses translated into fewer customers, as well. Sprint Nextel said […]

Vonage Fraught With Troubles Amid Patent Case Loss

Vonage Holdings Corp.s stock hit its lowest point ever this week and CEO Michael Snyder resigned as the company dealt with the fallout from losing a VoIP patent dispute to Verizon Communications Inc. At press time, Vonage was likely to pay millions more in bond money than originally expected and it faced the prospect of […]

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