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ShoreTel Signs Black Box as New Partner

IP equipment maker ShoreTel has signed Black Box Corp. as a new distributor. ShoreTel earlier this year scored CDW as a new VAR partner and, this week, also added Black Box Corp. to its channel roster. Black Box builds and maintains voice and data networks across the globe. Its the company that, last year, bought […]

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 […]

Nokia Device Business Posts Strong Q2, NSN Stumbles

Nokia and Nokia Siemens Networks said Thursday its second quarter net income more than doubled, on the strength of a 29 percent jump in handset shipments, beating its forecast. However, after this first reporting quarter for the newly combined network company, NSN does not expect to achieve the double-digit profitability it was hoping for. Taken […]

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 […]

Apple Rebounds From AT&T News

Apple Inc. had the last laugh at the end of the week as its stock recovered from AT&T Inc.s iPhone sales hit and soared past the all-time high set on July 20. On Thursday afternoon, Apple shares were trading for $145.60, down from an earlier afternoon price of $147.18, but still surpassing last Fridays record […]

Apple Shares Drop on iPhone News

AT&T Inc.s revelation that only 146,000 people signed up for the iPhone during the highly hyped devices first two days sent Apple Inc.s stocks plunging Tuesday. The figure is much below the 500,000 or more that many analysts had predicted for the phone’s debut June 29. The number AT&T released for its second quarter financial […]

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