financials tag
25 result(s) displayed for financials (1 - 25 of 37):
Level3's Storey
Level 3 has announced that Jeff Storey has been appointed by the Board of Directors to be Level 3's president and chief executive officer, effective yesterday. Jim Crowe is out as CEO.Is this a good move? Under Crowe in the...
Buying or Being Bought: Sprint
In March, Craig Moffett of Bernstein Research announced that Sprint would end up in bankruptcy. MSN reports, "After assigning a 50% likelihood in March that Sprint would end up in bankruptcy as it raced to build a national wireless network...
CenturyLink Merger Mania Does Add Up
"CenturyLink Inc.'s (CTL) second-quarter earnings fell 36% amid early-debt extinguishment and weaker margins, though the telecom company's revenue was boosted by an acquisition," writes the WSJ. "Revenue increased 4.7% to $4.61 billion, mostly as its Savvis acquisition added $278 million,...
It's Re-Fi Month
The CFO's must have seen the low mortgage rate that Mark Zuckerburg received and decided the capital markets were friendly.There is a lot of debt in telecom - some of it is refinanced for better terms, some to push the...
Cincinnati Bell to Spin Off Data Centers
Last week when asked, I said that I did not see Cincinnati Bell spinning off its data centers. One reason was that the ILEC would be left with a declining wireline business and debt, which was the reason that CinBell...
Why PR Is Important
On a call today talking about the value of different CLEC's and ILEC's and why some are trading so low and some so high. For the most part, it comes down to Wall Street's perception of the business. Actually, a...
T-Mobile Layoffs Called FCC's Fault
This makes me laugh. AT&T's SEVP for external and legislative affairs, Cicconi, wrote a post for AT&T's Public Policy blog last week that again attacked the FCC. AT&T blames any T-Mobile Layoffs on the FCC.Really?It's not the fault of T-Mobile...
It's a Mobile Monday
It's a mobile Monday as I get set to pack up to head to ITEXPO East 2012 in Miami Beach. Yahoo was being Yahoo this morning as it announced - in the same breath - that it has launched a...
Trouble at Vu
Got an email that VU dumped their entire sales force this week! The email went on “They are in dire financial trouble and their CEO is facing prison for insider trading for his sale of his stock as CEO of...
A Lesson From Netflix for You
Netflix lost 800K customers last quarter. In this article, Netflix explains that it made some errors in communication and branding. Netflix did a poor job of communicating the price increase to its customers. It did a poor job of explaining...
Letter to EMS Financial Customers
From: EMS Financial Services [mailto:admin@emsfinancialservices.com]Sent: December-03-11 6:17 PM Dear EMS Customers and Friends,You are undoubtedly aware of the difficult situation EMS finds itself in. However you may or may not be aware that a forensic examination of EMS accounts has...
L3 Sells Coal Mine
Not many people knew that Level3 owned a coal mining operation. It was sold off last week. I do not know if L3 still owns the software integration business. (I can't find any indications in the earnings reports.)According to the...
So Who is Going to Buy XO?
I got asked this question again today: Who is going to buy XO? I think we can almost all agree that Carl Icahn would like to sell his company.XO had 2010 revenue of $1.5 billion, only $8 million more than...
Business is Still Happening
Despite all the bad news, bad politics, financial collapse and more, at the end of the quarter business is still getting done. People are still buying stuff.For example, Juliana Kenny reports that Yahoo still hit earnings expectations even with firing their CEO.“The...
360, OpenRange and Hosting.com
It looks like Zayo Group is going to buy 360 Networks. Back in May, Zayo and 360 entered into a long-term dark fiber deal that must have set off talks of an acquisition. (It explains why 360 was too busy...
The Banker Speaks
At Cloud Communications Summit at ITEXPO this week in Austin, Q Advisors a luncheon keynote. Q Advisors has been involved in quite a few M&A transactions this year with Cloud Comm companies. Micheal Quinn was the speaker. He said a...
FCC Gets to Work on Cramming (and more)
The FCC is working on the ATT-T-Mobile merger. The FCC is still monitoring Broadband and the Media. Looming over the Agency is the issue of Inter-Carrier Compensation, which Google weighed in on today by saying that the Tail is Wagging...
And So the Bankers Cheer
Intermedia is a hosted Exchange company that ventured into hosted VoIP. That venture landed them an LOI (letter of intent to buy) from a private equity firm. On the heels of that, Intermedia decided to grab Zlago to bolster the...
Telecom Debt
It’s amazing how much debt there is in telecom.AT&T and its assorted subsidiaries owe $65B.According to Zacks, “the Debt to Asset ratio shows the proportion of a company’s assets that are financed through debt. If the ratio is greater than...
Losses and Growth
The only thing really growing is debt.Clearwire grew revenue but also its losses.PAETEC finished swallowing CavTel to get to ~$2B in revenue but with losses. And with just 54,000 business customers. (Cbeyond has more than 58,000). Margins are 18.4% according...
So Clearwire is Still Doing Retail
Yesterday, I noticed that Clearwire has a corporate store in the International Mall. It sells just 4G data options - not even Sprint services too. I thought Clearwire was supposed to just stick to wholesale for their investors? And...
Consumer Telecom Dropping
With the latest quarterly financial reporting in, one item stands out: CenturyLink, Qwest, Windstream and EarthLink are all experiencing consumer decline.“CenturyLink Inc and Qwest Communications International Inc both posted quarterly revenue declines in what is expected to be their last...
The Future of Bell DSL
AT&T announced that they “nearly” hit 3 million U-Verse TV customers. In comparison, Bell added 2.8M new wireless customers in the 4th quarter and sold 4.1 million iPhones. Bell has 95M wireless subscribers. [see PDF]. Wireless ARPU is $62.88. Total...
My Take on Stocks
So “BroadSoft Inc.(BSFT) shares climbed 43% after the voice-enabling software company reported third-quarter earnings that exceeded estimates,” according to MarketWatch. Total revenue increased 22% year-to-year to $22.3 million; up 13% from the second quarter of 2010. License revenue increased 27%...
Debt and Finances
I'll readily admit that I am not a financial wizard. I am risk adverse and think that playing the stock market is like a casino (the deck is stacked against you). Then I read The Big Short by Michael Lewis...
