wednesday

 

Apple Cuts iPhone Price

Apple Inc. said Wednesday it is slicing the price of the iPhone by $200. The 8GB phone will now cost $399, down from $599. The $499 4GB model will be discontinued. Apple, which also revealed new models of its popular iPod music player that have iPhone-like features including Wi-Fi, said it is on pace to sell […]

Vonage Manages to Staunch the Bleeding

Vonage Holdings Corp. isnt out of the woods yet, but its outlook seems to be improving. The embattled VoIP services provider on Wednesday said it slashed its second-quarter losses by 54 percent, mainly by cutting down on marketing expenses. Vonage lowered its net loss to $33.3 million, or 22 cents per share, in the three […]

Vodafone Wont Sell Stake in Verizon Wireless

Vodafone said Wednesday it wont sell its stake in Verizon Wireless. The British company owns a 45 percent stake in Verizon Wireless and had an option to sell up to $10 billion of it to Verizon Communications Inc. By declining to sell, Vodafone ends recent speculation about what it would do with its U.S. arm. […]

Motorola to Cut an Additional 4,000 Jobs.

Motorola Inc. said Wednesday it is cutting an additional 4,000 jobs. The move is in an effort to cut costs and return to profitability, and Motorola said in a statement it would save $600 million next year as a result. The company also said it would tighten general and administrative expenses. The mobile phone maker […]

Motorola Invests in Vocera

Motorola Inc., through its strategic venture capital division, has bought a stake in Vocera Communications, the company said Wednesday. Terms of the deal were not disclosed. The Vocera Communications System lets workers communicate over a facility’s wireless network through a hands-free, wearable badge. The Cupertino, Calif.-based company serves hospitals, hotels, libraries and other retail businesses. […]

Pandora Networks Gets $6 Million Infusion

Unified communications developer Pandora Networks has raised $6 million in financing through the D.E. Shaw Group. Pandora said on Wednesday it will use its first round of venture capital to expand network technology and data center, hire operations personnel, bolster support for its channel partners and increase marketing efforts. “Having developed a steady and solid […]

Jury Ponders Whether Vonage Infringed on Verizon Patents

Jurors on Wednesday started deliberating whether Verizon Communications Inc.s claim that Vonage Holdings Corp. infringed on its patents has merit. Lawyers for both companies wrapped up closing arguments in federal court in Virginia. Reuters reported that jurors asked the judge for permission to work into the night, since they hoped to reach a verdict soon. […]

Etex Telephone Cooperative to use OSG

OSG Billing Services said Wednesday it will manage invoice presentment and distribution services for ETEX Telephone Cooperative, a telecom provider that services more than 17,000 members in rural Texas. ETEX provides communications, entertainment and information services. It had conducted billing in house, but said use of employees time, postal costs and new regulations were reasons […]

FCC Postpones AT&T-BellSouth Vote

The FCC has postponed its consideration of the AT&T Inc.-BellSouth Corp. merger until Friday. The agency was scheduled to discuss the matter today at its regular monthly meeting, but analyst reports point out the two Democratic commissioners are balking at the apparent lack of conditions being imposed on the merger. The Department of Justice (DoJ) […]

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