Riverstone Networks Receives SEC Request
Riverstone Networks received a request from the Securities and Exchange Commission (SEC) for the voluntary production of certain information in ...
Tag: Financial
SBC Shareowners Reject Proposal to Eliminate Executive Bonuses
At SBC Communications' annual company meeting, shareowners rejected a proposal to eliminate all bonuses and other incentive compensation for executives. ...
SBC Posts Growth in DSL and Long Distance
SBC Communications reported Q1 revenues of $10.3 billion, compared with $10.5 billion in the year-ago period. SBC reported earnings per ...
Lucent's Chief Operating Officer Steps Down
Bob Holder, who has served as chief operating officer (COO) of Lucent since October 2001, will leave the company. As ...
TelePacific Raises $30M to Expand, Explore Acquisitions
TelePacific Communications, a CLEC based in Los Angeles, received a $30 million equity investment led by affiliates of Investcorp, a ...
AT&T Responds to S&P Rating Action
Standard & Poor's placed AT&T's "BBB+" long-term corporate credit on CreditWatch with negative implications, however it affirmed AT&T's short-term corporate ...
Level 3 Maps Out Integration of Genuity's Network
Level 3 Communications reported quarterly revenue of $1.25 billion, up from $945 million in Q4 2002, primarily due to settlement ...
McLeodUSA Reports Revenue of $225.9 million, Net Loss Improves
McLeodUSA, one of the nation's largest CLECs, reported quarterly revenue of $225.9 million, compared to $259.4 million in Q1 2002 ...
Nortel Returns to Profitability, Revenues Decline 5% Sequentially
Nortel Networks reported quarterly revenues of US$2.40 billion, down sequentially by approximately 5%. Net earnings in Q1 2003 were US$54 ...
Judge Orders Verizon to Disclose Identity of Internet Subscriber
U.S. District Court Judge John Bates ordered Verizon Communications to reveal the identity of an Internet subscriber accused of music ...
iBasis Carries 792 million VoIP Minutes, up 6% Sequentially
The iBasis network carried 792 million minutes of voice traffic in Q1, a 43% increase over the 555 million minutes ...
Foundry Reports Q1 Revenue of $91 Million
Foundry Networks reported Q1 revenue of $91.1 million, compared to $86.7 million in the previous quarter, and to $62.4 million ...
BellSouth Reports Level Revenue and Customer Trends
BellSouth reported consolidated Q1 revenues of $5.52 billion, compared to $5.53 billion in Q1 2002. Net income was $1.2 billion, ...
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