third quarter

 

Level 3 Grows Revenues, But Loss Widens

In the last quarter, Level 3 lost $207 million, or $1.75 per share, on a split-adjusted basis, before the global communications carrier implemented a 1-for-15 reverse stock split last month and transferred its shares to the New York Stock Exchange.

Samsung Claims Top Handset Spot

Move over, Motorola (MOT). Samsung just passed you as the top handset vendor in the U.S. It happened in the third quarter, with Samsung claiming a little more than 22 percent of the market to Motorola’s 21 percent. Industry analysts say Samsung’s been able to successfully deliver a wide range of products, from high-end devices to […]

Breaking: Sprint Not, Repeat NOT Selling iDEN

Sprint-Nextel Corp. on Thursday laid to rest rumors that stretch back more than a year, saying once and for all that it will NOT be selling its push-to-talk iDEN network, which it acquired in what’s become known as “The Deal from Hell,” its 2005 purchase of Nextel. The news comes just scant weeks since CEO […]

Enterprise Telephony: Cisco No.1, Avaya Coming Up

Enterprise telephony equipment sales in the third quarter of 2007 were marked by healthy double-digit growth from Avaya Inc., Cisco Systems Inc., and Nortel Networks in the United States and Western Europe, according to Current Analysis and Synergy Research Corp. Cisco maintained its market leader position. Avaya posted the strongest U.S. sequential revenue growth at […]

Sprint Reports Shocking Profit Loss

Sprint Nextel profits plunged a whopping 77 percent in the third quarter, with the carrier posting a net loss of 60,000 subscribers for the quarter. Net income fell to $64 million this year, compared with $279 million in the third quarter of 2006. While the third-largest wireless provider continues to lose overall market share to […]

Alcatel-Lucent to Cut 4,000 Jobs on 3Q Losses

Alcatel-Lucent on Wednesday posted its third consecutive quarterly loss, resulting in thousands of job cuts and the departure of the companys CFO. The worlds largest telecom equipment maker reported a net loss of $459.7 million in the third quarter of 2007. Revenue fell 11 percent. Embattled CEO Patricia Russo remains on the job. Rumors have […]

Qwest Earnings Miss Expectations

A tax benefit helped Qwest Communications International Inc. record a big jump in third-quarter net income, but it wasnt all good news for the Denver-based phone company. A one-time benefit of $2.15 billion boosted Qwests net-income to 2.07 billion in the third quarter, or $1.08 per share, compared with $194 million, or 9 cents per […]

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