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Level 3 Stocks Drop on CFO News

Level 3 Communications Inc. shares fell nearly 9 percent by early afternoon on news that the company is looking for a new CFO. Level 3s stock was trading for $4.47, down 8.78 percent from the opening price of $4.75. CEO James Crowe said CFO Sunit Patel will remain with Level 3 during the transition period. […]

AT&T Wireless CEO Retiring

The president and CEO of AT&Ts wireless division, Stan Sigman, said Thursday he is retiring after 42 years with the company. He will be replaced by Ralph de la Vega, a former COO of the wireless unit, effective immediately. Sigman will stay with the company through the end of the year to ensure a smooth […]

Emulex Launches Reseller Program

Emulex Corp., which creates enterprise-class products that connect storage, servers and networks, has announced its new reseller program designed to deliver customized programs to its channel partners. The new Emulex Reseller Program also enables Emulex to expand its network of server and storage integrators, VARs and channel consultants that recommend and deploy storage area network […]

Forsee Out as Sprint CEO

Gary Forsee, chairman and CEO of Sprint, resigned on Monday. The news came about a week after several media outlets cited anonymous sources who said the move was imminent. Forsee has come under fire from board members for Sprints ailing financials. Indeed, Sprint lowered its financial forecast for the current quarter, saying revenue would fall […]

COMPTEL Elects New Board of Directors

Members of COMPTEL will elect their 2007-08 board of directors today following the annual membership meeting at 10 a.m. Sixteen of the 27 seats are up for grabs; nominees for the positions were not disclosed. COMPTEL members will vote for five directors in the small company member category, five directors from among the medium company […]

USCarrier Upgrades Georgia Network to Enhance Services

USCarrier Telecom LLC (Booth 613, and COMPTEL sponsor), a wholesale provider of high-speed, long-haul, fiber-optic transport, plans to upgrade an existing OC48 ring that will allow the company to deliver advanced SONET, Ethernet and wavelength services. The network upgrade is set to be completed by the end of the third quarter of 2007. This upgrade […]

Verizon to Release Four New Phones

Verizon Wireless took the wraps off four new phones Wednesday it hopes will compete against popular selections such as the iPhone. The company said the devices will be available in time for the holiday season. They are the Verizon Wireless Juke by Samsung, the BlackBerry Pearl 8130 smartphone, The Venus by LG and The Voyager […]

AT&T To Acquire Conference-Provider Interwise

AT&T Inc. announced today that it has agreed, through one of its subsidiaries, to acquire privately held Interwise Inc., a leading global provider of voice, Web and video conferencing services to businesses. AT&T will pay approximately $121 million in cash for the company. The transaction, which is expected to close in the fourth quarter, strategically […]

Palm Introduces Centro

Palm Inc., hoping to regain footing in the smartphone field, introduced a new, inexpensive device on Thursday. The Centro is listed at $99.99, making it the least expensive smartphone. It will share the operating system and many of the same features as the companys Treo, including e-mail and Web access, video, music, a touchscreen and […]

Telarus Partners With Fonality

Telarus Inc. said it has entered into a strategic partnership with Fonality. Fonality will become a premiere PBX equipment vendor within the Telarus VAR Network, and have access to telecom contracts when Telarus equipment customers need broadband and voice service, Telarus said. Telarus created the VAR Network in 2003 as a way to connect its […]

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