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Virgin Mobile Holds Steady on the NYSE

Virgin Mobile USA Inc. were trading slightly above the target opening price of $15 per share on Friday, a day after the MVNO went public on the New York Stock Exchange. That share price was a little lower than the expected $15-$17 range. Virgin Mobile offered 27.5 million shares of Class A common stock; investors […]

Gigabit Gold

Gigabit Gold Michael Murphy has been an agent for about four years. His company, NEF (originally New England Fiber), is a small shop of five people, but it recently eclipsed $1 million per month in contracted revenue all of it from big bandwidth sales. Its definitely not the easiest road, but for us, we are […]

Vonage Manages to Staunch the Bleeding

Vonage Holdings Corp. isnt out of the woods yet, but its outlook seems to be improving. The embattled VoIP services provider on Wednesday said it slashed its second-quarter losses by 54 percent, mainly by cutting down on marketing expenses. Vonage lowered its net loss to $33.3 million, or 22 cents per share, in the three […]

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 […]

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 […]

Motorola Earnings Plunge to 1 Cent Per Share

Motorola Inc. released its second-quarter earnings Thursday morning, and results were as dismal as the company and analysts had projected. Motorola posted a loss of $28 million, or 1 cent per share, compared with net income of $1.38 million, or 55 cents per share, a year earlier. The second-quarter results included charges related to job […]

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 […]

ShoreTel Adds New Applications

ShoreTel Inc. has added two applications NetSuite Integration Application and Cost Recovery Integration. NetSuite Integration automatically links incoming calls to existing customer records and sends new customers to a new record creation screen. Users can attach call notes to customer records, which are accessible from anywhere at anytime by others in the business. The Cost […]

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