Market News

Qwest Communications (Q)

Qwest Communications has announced the opening of its 17th data center nationwide and third center in the Washington, D.C., metro area, in response to continued customer demand for hosting and cloud-based infrastructure services. The new Qwest-owned and operated CyberCenter currently is supporting one federal government customer. The new 129,000 square foot facility will be equipped with redundant state-of-the-art network and hosting capabilities.

Feb 16 · 10:51:00 AM · Source: Company Press Release
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by Larry Etter

Sprint Nextel (S)

Sprint said its Business Markets Group continued to make strong contributions to Sprint's performance in the fourth quarter, capping 2009 with high-profile customer wins, an expanded product portfolio, broadened 4G wireless footprint, improved customer care, and third-party endorsements to drive momentum into 2010.
The fourth quarter shows Sprint's Business Markets Group continued momentum in the marketplace.

Feb 16 · 10:49:00 AM · Source: Company Press Release
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by Larry Etter

Cincinnati Bell Inc (CBB)

Cincinnati Bell said Thursday that it posted fourth-quarter net income of $4.2 million, or 2 cents per share, a drop of 88 percent from $34.9 million, or 15 cents per share, in the year-ago quarter. Revenues dropped to $345.2 million from $356.8 million.

Feb 12 · 12:45:00 PM · Source: Company Press Release
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by Larry Etter

Sprint Nextel (S)

Sprint Nextel Corp. said RealNetworks Inc. will take over distribution of Sprint’s music-related products and services, including the sale of songs, ringtones and ringback tones to wireless customers. Seattle-based RealNetworks, which sells music, video, messaging and other services to 86 wireless providers globally, plans to provide the content through a unified online store, rather than with a series of sites, as Sprint now distributes the content

Feb 12 · 12:41:00 PM
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by Larry Etter

Level 3 Communications Inc. (LVLT)

Level 3, an internet services company, said it lost $182 million, or 11 cents per share, during the fourth quarter that ended Dec. 31. It earned $43 million a year ago, but that translated into a loss of 4 cents per share because a $78 million gain from an early debt repayment didn't count toward per-share results. Revenue fell 12 percent to $924 million from $1.05 billion a year earlier.
Despite the overall decline, the company said it did see continued improvement in customer buying behavior during the fourth quarter, which contributed to sequential growth in core network services sales

Feb 11 · 9:30:00 AM · Source: Company Press Release
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by Larry Etter

Globalstar Inc. (GSAT)

Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, government, and consumers, announced today that it has commenced construction of a satellite tracking station in Botswana, located in Southern Africa.
The station will be used to complete the Globalstar satellite telemetry control unit (TCU) network that is to be used to monitor and control the Company's second-generation satellite constellation scheduled for launch beginning this summer.

Feb 11 · 9:24:00 AM · Source: Company Press Release
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by Larry Etter

Sprint Nextel (S)

Sprint has announced a partnership with GetJar, the world's second largest app store. Through this agreement, GetJar's catalog of more than 60,000 free applications will now be available to all Sprint customers with feature phones such as the LG Lotus EliteTM, Samsung ReclaimTM and the Sanyo 2700. In addition, Sprint customers with RIM BlackBerry(R) and Windows Mobile devices also will have access to the GetJar library of applications.
This opens up the world of apps to customers who may not have a smartphone.

Feb 11 · 9:17:00 AM · Source: Company Press Release
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by Larry Etter

AT&T (T)

AT&T Inc. has announced the selection of Alcatel-Lucent and Ericsson as equipment suppliers for the planned deployment of its higher-speed LTE mobile broadband network.
The selection of the two suppliers paves the way for AT&T’s planned field trials of LTE technology later this year, with commercial deployment scheduled to begin in 2011

Feb 11 · 9:12:00 AM · Source: Company Press Release
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by Larry Etter

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