Level 3 Hits 52-Week Low As Wall St. Ponders Telecom
24/7 Wall St. mentioned a few days ago that Level 3 (LVLT) has traded off sharply this year, probably due to its huge level of junk debt. The company has been able…
24/7 Wall St. mentioned a few days ago that Level 3 (LVLT) has traded off sharply this year, probably due to its huge level of junk debt. The company has been able…
According to comScore, Google (GOOG) has almost 124 million unique visitors in the US. The pageview number is much, much larger. GOOG division YouTube now serves over 100 million video streams per…
There are only so many people who can own a cellphone. In Europe and the US, that number is no longer growing quickly. America’s three largest cellular carriers, Sprint (S), AT&T (T),…
Barron’s rank an article last week saying that Comcast (CMCSA) is undervalued. The financial magazine quotes one money manager as saying "Comcast trades on a very low valuation, and investors need to…
Verizon (VZ) and AT&T (T) take note. The telecom companies in Europe are well ahead of the game in putting internet TV over their wires. According to The New York Times, Deutsche…
Sprint (S) has contracted with Samsung to build out its WiMax network in New York. It is part of the $5 billion investment that the cellular carrier plans to make in the…
JDSU, which makes communications test and measurement solutions and optical products for the telecom and cable businesses, turned in another lackluster quarter. These are supposed to be the days of broadband expansion…
Vodafone (VOD) had some shareholders who wanted the company to sell part of its stake in Verizon Wireless back to majority owner Verizon (VZ). VOD management made the argument that the wireless…
Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) …
It must be humiliating for MTV and RealNetworks (RNWK) to say they will compete with Apple (AAPL) iTunes and watch the AAPL shares spike up almost 6% to $129. RNWK were up…
Verizon (VZ) and Comcast (CMCSA) along with all of their other telecom and cable friends have been hoping that the broadband growth party would never end. VZ has put $23 billion into…
MTV, a division of Viacom (VIA) is teaming up with RealNetworks (RNWK), the music distribution company, to compete with the Apple (AAPL) iTunes product. The new offering will have the MTV marketing…
Skype is not working out very well for Ebay (ABAY). That is not just because the service has been down for two days, keeping it over 200 million subscribers off of the…
According to The Inquirer, ABI Research has issued a report that US cable companies are heading for a crisis because they do not have the bandwidth or switching capacity to handle the…
Broadcom (BRCM) is arguing in federal court that Qualcomm (QCOM) should be prohibited from selling a number of its chips because they infringe on BRCM patents. According to Reuters: "Broadcom was seeking…