securities

 

SEC Charges More Ex-Nortel Executives

Four more former Nortel Networks Corp. executives have been charged with accounting fraud. The U.S. Securities and Exchange Commission filed the charges Wednesday against Douglas Hamilton, vice president of finance for optics; Craig Johnson, vice president of finance for wireline; James Kinney, vice president of finance for wireless; and Kenneth Taylor, vice president of finance […]

Brightpoint Signs Deal With Motorola

Mobile phone distributor Brightpoint Inc. this week said it has signed a set of agreements with Motorola Inc. First, the company will sell Motorolas wireless devices and accessories in various parts of the world, starting in Central Europe. Brightpoints subsidiary, Brightpoint North America L.P., also will serve as an outsourcer of logistic services for Motorola’s […]

Hostopia to Close IPO Friday

Hostopia.com Inc., the wholesale Web hosting provider that announced in July it was going public, will close its IPO on Friday, and looks to generate less from the offering than it had hoped. In its final prospectus with U.S. and Canadian government agencies this week, Hostopia said it expected to net approximately $19.1 million, in […]

Hostopia Plans to Go Public

Wholesale Web-hosting provider Hostopia.com Inc. has filed documents with the Securities and Exchange Commission (SEC) for an initial public offering valued at $40 million. Canada-based Hostopia noted in its preliminary filings on June 30 that RBC Capital Markets will underwrite the IPO. The company also has registered a preliminary prospectus with securities regulatory authorities in […]

i2Telecom Gets $1.75 Million Investment

i2Telecom International Inc. has gotten a $1.75 million shot in the arm from venture capitalists, Cornell Capital Partners LP. i2Telecom makes the USB-compatible VoiceStick that lets users carry their phone numbers wherever they go, so they can use their softphones. The company distributes through agents and other solutions providers. Cornell already has given i2Telecom $600,000; […]

Reports: Feds Ready to Indict Former Qwest CEO

Federal prosecutors are ready to go after former Qwest Communications International Inc. CEO Joe Nacchio, according to news reports. The Denver Post and Rocky Mountain News said today a federal grand jury is meeting in Denver as the feds prepare to seek a criminal indictment against Nacchio. Prosecutors have said the investigation focuses on insider […]

Trinsic Faces Possible Nasdaq Delisting

Trinsic Inc., the former Z-Tel Communications Inc. that was a major player in the UNE-P space, is in danger of losing its listing on the NASDAQSmallCap Market. The NASDAQ Stock Market Inc. last week notified Trinsic that it is in violation of NASDAQ’s voting rights rule, as well as rules requiring submission of a Listing […]

Eschelon Telecom Closes IPO

After lowering its share prices to $14 last week, Eschelon Telecom yesterday closed its initial public offering, which garnered net proceeds of $69.8 million. Eschelon sold 5.3 million shares, leaving nearly 804,000 for its underwriters. The company now trades on the Nasdaq under the symbol “ESCH.” Some of the proceeds from the IPO will go […]

Eschelon Lowers IPO Share Prices

Eschelon Telecom Inc., a CLEC headquartered in Minneapolis, today set the price of its initial public offering at $14 per share. According to a filing with the Securities and Exchange Commission, that price was lower than the originally expected $15-$17 range. Eschelon likely will close the offer on Aug. 9. Eschelon says a portion of […]

Enron Broadband Trial Imminent

Five former Enron executives who worked at the defunct broadband services unit are set to go to trial on a range of charges levied by the Department of Justice. The search for a jury began Monday, the Houston Chronicle reported. Executives from Enron Broadband Services Inc. (EBS) are accused of 170 counts of conspiracy, wire […]

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