Verizon Wireless to buy a portion of Centennial Comunications from AT&T
A funny thing happened on the way to acquisition. The two largest carriers in the US, Verizon Wireless and AT&T, have commanded and conquered some smaller carriers and are now seemingly sharing the spoils. As already reported, AT&T announced on…
Verizon Wireless in the midst of laying off employees?
Despite solid Q4 2008 earnings, Verizon Wireless is apparently not layoff-proof in this struggling economy but then no company is. Rumor has it that Verizon is in the process of an unannounced work force reduction that began yesterday, February 9th.…
Verizon Wireless reports fourth quarter 2008 earnings
Bucking the downward trend, Verizon Wireless announced strong Q4 2008 earnings yesterday amidst the downturn. Verizon Wireless saw a net increase of 1.4 million non-acquisition related customers in Q4 2008, most of which were in the retail sector. Verizon added…
Best Buy earnings plummet 77%, will offer buyouts to employees
Best Buy reported on Tuesday its earnings for Q3 2008 which, despite a strong Black Friday showing, were abysmal. Best Buy pulled in a meager $52 million in earnings or 13 cents per share which is a 77% drop from…
Sprint releases Q3 2008 results
As has consistently been the case in recent history, Sprint’s Q3 2008 results show a decline in revenue and a loss of customers. Sprint’s overall revenue fell 12% to $8.81 billion from $10.04 billion a year ago. Sprint’s wireless service…
RIM announces Web Signals, will push everything to your handset
RIM announced on Tuesday their new Web Signals technology that lets content providers push relevant and timely alerts directly to your Blackberry. Like SMS alerts on steroids, the new Web Signals will alert Blackberry users of the latest news, weather,…
