Word: broadband
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...telcos and their suppliers didn't know that wireless would eventually prevail in telephony. Yet unlike their new and younger rivals, Nortel, Lucent and other wire-line-equipment powers have found it difficult to take market share in next-generation technologies such as Internet telephony and wireless broadband. Recession has served, as it often does, to fast-forward a power struggle that promises to reshape forever how we communicate and consume media...
Nortel, a former member of the BCE family, was able to use an earlier power shift that made long-distance competition possible to become a global leader, but it failed to repeat that with cable phone and wireless broadband. Nortel continues to make money on CDMA networks, a wireless protocol still used by many providers worldwide. But in 2007 it sold its GSM division, the 3G standard for the most advanced mobile communication, to rival Alcatel-Lucent...
...Level 3 (LVLT), the broadband infrastructure company, has also been at the top of short selling lists for years. It has a float of close to one billion shares which makes taking a short position in the stock fairly easy. Average trading volume per day is 10 million shares. As of April 15, there were 122.9 million shares sold short, down 13% in two weeks. Level 3 has two factors that short sellers love. It has awful financial prospects and a volatile share price. At the end of the last quarter, Level 3 had $6.3 billion in debt and almost...
...weakest technology, still has a voice," said Dorsey, who was in Baghdad this week with a delegation of high-tech executives at the invitation of the State Department. Cellphone-carrying Iraqis, Dorsey said, could utilize Twitter applications on their current mobiles for a range of things, even without broadband Internet connections, which are still in short supply in Iraq. "In our case that's using Twitter through SMS [text-messaging]," Dorsey added. "What we've found in Iraq is that we have 85% penetration of the mobile market here." (Should the founders of Twitter be among the most influential people...
...Graham said that the recession notwithstanding, he's seeing as many people starting companies now as he did a year ago. That's because over the past five years, as broadband connections to the Net became as commonplace as electricity, the model for launching a Web company changed...