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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. […]

PAETEC Buys Allworx on Heels of McLeodUSA Deal

About a month after announcing the acquisition of McLeodUSA Inc., PAETEC Holding Corp. said it also will buy equipment maker Allworx Corp. PAETEC will pay $25 million in cash. Allworx will become a PAETEC subsidiary. SMBs make up a large part of McLeodUSAs customer base. PAETEC is more accustomed to selling to enterprises. By adding […]

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 […]

FCC Gives AT&T Partial Forbearance Relief

The FCC late Thursday night partially granted AT&T Inc.s petition for forbearance from rules governing its commercial broadband services. Perhaps of greatest concern to CLECs is that AT&T can price its commercial broadband services as it sees fit and not share those rates with providers using its networks. The FCC issued a statement just minutes […]

Siemens Launches Global Partner Program

Siemens Enterprise Communications today announced at its U.K. Sales and Partner Conference the launch of Go Forward!, its new Partner Accreditation Program. Initially being launched in the United Kingdom, Australia and the Netherlands, the new model will be rolled out across all regions in January. Go Forward represents a global investment of $8.15 million, which […]

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 […]

Telecom Reflection

By Peter Radizeski, RAD-INFO I’m going to hit on a few of topics. One: The Panel At the Channel Partners Expo, Qwest mentioned that it would need help from its partners to fulfill the government win it just received. If you are a small, minority-owned company, let your carriers know. If you have specific certifications […]

Vonage Wants Review of Verizon Decision

Vonage Holdings Corp. said Wednesday it has filed a motion seeking a review of a U.S. appeals courts decision on a patent dispute with Verizon Communications Inc. The court upheld on Sept. 26 a verdict that Vonage infringed on two Verizon patents. It also remanded the verdict on a third patent and ordered a review […]

Nacchio Appeals Insider Trading Conviciton

Former Qwest Communications International Inc. CEO Joseph Nacchios legal team is seeking to overturn his conviction for insider trading. Nacchios attorney, Maureen Mahoney, filed a 58-page brief with a federal appeals court Tuesday saying there was insufficient evidence for a conviction. She also said the judge gave improper jury instructions and excluded important defense testimony […]

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