Level 3 CEO: Provisioning Problems Affected Earnings

Level 3 Communications Inc. reported a net loss of $174 million, or 11 cents per share, during the third quarter of 2007, a slight improvement over the second quarters $202 million net loss. CEO James Crowe called the results disappointing. While we continued to grow core communications services revenues, and we did meet our guidance […]

Vonage: AT&T Suing Us for Patent Infringement

How much more can Vonage Holdings Corp. take? The IP telephony provider said late Friday it is facing another patent infringement suit, this time filed by AT&T Inc. Vonage told the Securities and Exchange Commission that AT&T filed the claim on Oct. 17 in the U.S. District Court of the Western District of Wisconsin. AT&T […]

House Extends Internet Tax Ban

The U.S. House of Representatives on Tuesday voted to extend a moratorium on state Internet access taxes for four years. Some lawmakers wanted a permanent ban, but the majority didnt see matters that way. The House voted 405-2 to keep the ban in place. It was scheduled to expire Nov. 1. The Senate now must […]

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