telecom

Verizon Reveals Online Data Breach of Customer E-Mails

Last week, some 50 companies, including banks, retailers and hotels, announced that a computer hacker penetrated the online marketer Epsilon to gain email addresses, but nothing more.

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Verizon Communications, Inc. (VZ) is down 1.43% to $37.83, after the company notified its customers that their email addresses have been exposed to massive online data breach, Reuters reports.

By FNNO Staff
fnnonline@gmail.com

Vodafone Group Increasing Its Stake In Indian Joint Venture

The deal will increase Vodafone's stake to 75% of the company, while Essar will be completely divested.

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Vodafone Group PLC (NASDAQ:VOD), the British mobile phone giant, will buy an additional 33% of its Indian joint venture for $5 billion in cash, after partner Essar Group exercised an option to sell its 22% holding in India's 3rd l

By FNNO Staff
fnnonline@gmail.com

Wireless Telecom Slips 2% on Q4 Profit Decline

Published on Wed, 03/30/2011 - 13:39
By FNNO Staff in General Interest, wtt, earnings, eps, financial, income, loss, network, phone, profit, revenue, sales, shares, telecom, trade, wireless, wtt, Earnings Reports

The company reported quarterly net sales increased 12.4% to $6.63 million from $5.90 million a year ago.

Net loss for year was $728,000 or $0.03 per share, versus last year's $2.0 million or $0.08 per share. For twelve months, net sales grew 7.6% to $24.56 million from $22.82 million in 2009.

Shares are down $0.03 to $1.05.

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Shares Wireless Telecom Group (WTT) are down 2.77% after the company reported that Q4 net income during the quarter dropped to $358,000 or $0.02 per share, versus $5.9 million or $0.23 per share in the same period last year.

By FNNO Staff
fnnonline@gmail.com

Sprint Nextel In Talks To Buy T-Mobile USA From Deutsche Telekom AG

Talks have been on and off, and the deal may not happen as the companies have not been able to agree on a valuation for T-Mobile USA, which recently reported a drop in profitability in the 4th quarter.

A Sprint/T-Mobile USA merger would combine the 3rd and 4th largest U.S. wireless providers behind Verizon Wireless and AT&T (NYSE:T).

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Bloomberg reported today that Deutsche Telekom AG has been in talks to sell T-Mobile USA to Sprint Nextel Corp (NYSE:S) in exchange for a stake in the combined entity, according to unnamed sources with knowledge of the matter.

By Stephanie Shyu
sshyu@fnno.com

Alcatel-Lucent Up 1.4% on Takeover Rumors; Chinese Company Reportedly Interested

Published on Thu, 03/03/2011 - 12:50
By Stephanie Shyu in General Interest, ALU, adr, alcatel-lucent, business, higher, huawei, income, investment, market, news, shares, stocks, telecom, trade, News Update

Chinese telecom gear maker Huawei is among the companies mentioned in the Reuters report. The report also quoted a spokesman saying Huawei has no plans to invest in Alcatel.

Alcatel shares are up 1.43%, or $0.07, to $5.32.

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ADRs of Alcatel-Lucent (ALU) are higher after Reuters, citing information from traders reported a takeover bid may be coming from a Chinese telecom company.

By Stephanie Shyu
sshyu@fnno.com

Morning Market Update: Broader Market is Mixed

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"This is the FNN. I'm CD. This is your morning market update. In the first half of Monday trade, the overall market is broadly mixed.
Focusing in on the upper left of our heat map, shares of technology firms are mixed. Apple

By Stephanie Shyu
sshyu@fnno.com

Afternoon Market Update: Overall Bearish Sentiment, Tech Stocks Down

Published on Wed, 01/19/2011 - 16:15
By Stephanie Shyu in Market movers, AAPL, csco, goog, IBM, INTC, MSFT, T, vz, yhoo, apple, at&t, bearish, cisco, google, ibm, intel, ipad, iphone, microsoft, stock market, technology, telecom, verizon, yahoo

The majority of Tech stocks are in down, matching broader market conditions.

The only bright green ray of light here is IBM, which is up nearly 3.5% after reporting solid Q4 results yesterday.

Microsoft is down over 1%, despite releasing a new app for the ipad or iphone today, called OneNote.

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Checking in on the market this afternoon. Today is Wednesday, January 19th. Stocks continue to trade down sharply across the board. The heat map really in the red today on the back end of a slew of earnings news.

By Stephanie Shyu
sshyu@fnno.com

Viacom creates position of Pres, CEO of Viacom International Media Networks

Published on Wed, 01/19/2011 - 10:53
By Stephanie Shyu in General Interest, via, bet, bskyb, ceo, chairman, channels, india, international, italia, media, mtv, networks, paramount, position, president, robert bakish, telecom, via, viacom
bet, bskyb, ceo, chairman, channels, india, international, italia, media, mtv, networks, paramount, position, president, robert bakish, telecom, via, viacom

Viacom (VIA) announced that it has appointed Robert Bakish to the newly created position of President and CEO of Viacom International Media Networks. Bakish was previously President of MTV Networks International. In his new role,

By Stephanie Shyu
sshyu@fnno.com

Citigroup Bumps Up TW Telecom to Buy

Published on Tue, 12/21/2010 - 10:46
By FNN Staff in Analyst reflections, c, twtc, analyst, carrier, citigroup, fiber, nasdaq, phone, rating, stock, telecom, tw, twtc
analyst, carrier, citigroup, fiber, nasdaq, phone, rating, stock, telecom, tw, twtc

Citigroup Inc. raised its rating for TW Telecom Inc. (NASDAQ:TWTC) on Tuesday, from Hold to Buy, with a $16.50 price target. Citigroup raised the firm's 2010 EPS estimate from $0.35 to $0.38, and hiked its 2011 EPS estimate from $

By FNN Staff
root@fnn-online.com

AT&T's Board Boosts Quarterly Dividend by 2.4% (T,CS)

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Officials from AT&T Inc. (NYSE:T) announced Friday that the company's board gave a 2.4% boost to its quarterly dividend, at $0.43 per share. The board also approved a repurchase plan of 300 million shares. The quarterly divi

By FNN Staff
root@fnn-online.com

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