A large institutional money management firm, Relational Investors, has picked up 1% of Sprint (S) and wants the company to cut capital spending and sell its long distance operations. The large investor is also…
Research-in-Motion (RIMM-NASDAQ) posted earnings: $1.01 before items and net $0.99 EPS & $930.4M revenues; expectations were $1.00 EPS & $935.25 million. RIMM shares are down 6% to just under $137.00 ahead of its quarterly…
Carl Ichan has upped his stake in Motorola (MOT) to 2.9% from 2.7%. The raider wants the telecom equipment and handset manufacturer to do something with its $11 billion in cash. Icahn would probably…
Google (GOOG) has launched a 411 directory look-up service. According to Tech Crunch, it works fairly well. The phone companies including Verizon (VZ) and AT&T (T) don’t need another online competitor to take away…
Last September, Vonage (VG) had a share price of about $7.25 and a market cap of $1.1 billion. The company had two million subscribers. That valued each subscriber at $550. When the company had…
AT&T (T) may not follow its fellow telecom giant Verizon (VZ) into the fiber to the home business, at least not to the tune of $23 billion. Verizon is counting on picking up cable…
Vonage was ordered to suspend signing up new customers. The VoIP company had lost a case in which Verizon (VZ) had accused it of violating certain patents. The next step was for Verizon to…
Bernstein Research predicts that Comcast (CMCSA) will pass Vonage (VG) as the No.1 provider of VoIP service in the US when Q1 is reported. The firm’s analysis shows that the largest US cable company…
Perhaps it will never end, and cell phone chip company Qualcomm (QCOM) will battle with its largest customer, Nokia (NOK) until the end of ages. With Nokia’s license of Qualcomm’s products running out in…
The new Nokia-Siemens (NOK)(SI) joint telecom equipment venture is starting to see more demand for WiMax technology. Management from the JV was quoted by Reuters as saying: "WiMAX will make wireless broadband much cheaper…
AT&T (T) and American Movi (AMX)l are offering almost $3.5 billion to take over two-thirds of the holding company that controls Italy’s largest phone company, Telecom Italia (TI). AT&T is doing the smart thing.…
Motorola’s (MOT) problems with its huge cell phone unit are well chronicled. The hot RAZR phone is not hot any more and both unit sales and margins are dropping. Carl Icahn has bought a…
Is June 11, 2007 the REAL release date for the Apple (AAPL-NASDAQ) iPhone via AT&T’s (T-NYSE) Cingular? CNet is reporting that June 11 is the confirmed date for this highly anticipated release. There have…
Vodafone (VOD) mostly operates in the mature European markets. It holds a big stake in Verizon (VZ) Wireless. Today is announced competitive pressures, dropping prices and regulatory issues were hurting its financial margins. As…
Competitors won’t leave Microsoft (MSFT) alone. Time Warner (TWX) sued it over Netscape. RealNetworks (RNWK) sued it over its multimedia player. Even a little company called Burst sued the big software company over its…