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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 […]

Nortel Posts $37 Million Loss

Nortel Networks posted a second-quarter loss on Thursday. The company reported a $37 million loss, or 7 cents a share, compared with a net income of $342 million, or 79 cents a share a year earlier. That number was inflated by a $510 million legal settlement. Nortel said the net loss in the second quarter […]

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 […]

AT&T Reports 61% Growth in Profits

AT&T Inc. reported a 61 percent surge in profits during the second quarter of 2007, thanks to the BellSouth Corp. acquisition and an exclusive deal on Apples iPhone. The nations largest local phone company said Tuesday its net income totaled $2.9 billion, or 47 cents a share, up from $1.8 billion, or 46 cents, a […]

AT&T Video Share Expands Nationwide

First launched in Atlanta, Dallas and San Antonio at NXTComm in June, AT&T Inc. has now expanded its Video Share service to 160 markets nationwide. Video Share, which enables users to show people on the other end of the line what theyre looking at, requires a Video Share-capable handset and one of two Video Share […]

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 […]

AT&T to Buy Dobson

AT&T Inc. said Friday it will acquire Dobson Communications Corp. for approximately $2.8 billion in cash. The RBOC said it wants to get more market share among rural wireless subscribers Dobson operates under the Cellular One brand and has provided roaming service to AT&T since 1990. It has 1.7 million subscribers. The company will be […]

Towerstream Closes Stock Offering, Shares Decline

Towerstream Corp.s stock has taken a beating since the fixed wireless broadband provider went public on the Nasdaq in late May. Its share prices fell 3 percent during the first week of trading, however, and now the company has sold $40 million of its stock for less than market price. Towerstream announced last week it […]

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