Latest edge news.
Nortel agrees to settle shareholder lawsuits, 02/08/06
Nortel said it has reached an agreement to settle two shareholder class-action lawsuits for $575 million in cash and 14.5% of Nortel’s current equity. The proposed settlement would total nearly $2.5 billion on an after-tax basis, Nortel said in a …
BellSouth, Vint Cerf debate ‘Net neutrality, 02/08/06
Broadband providers need the right to enter into commercial agreements that allow some Web sites to perform better than rival sites, a BellSouth executive said Wednesday. The executive spoke at a conference where “father” of the Internet, Vint Cerf …
IPO and new CEO at Vonage, 02/08/06
Vonage Holdings filed its initial public offering (IPO) with the Securities and Exchange Commission on Wednesday.
Lucent buys assets of beleaguered Riverstone, 02/07/06
Lucent and Riverstone Networks have signed a definitive asset purchase agreement under which Lucent will acquire substantially all of Riverstone’s business operations for $170 million in cash. Over the last year, Lucent and Riverstone have worked …
Broadband powerline vendor promotes ‘smart grids’, 02/07/06
Current Communications Group, a provider of broadband over powerline (BPL) services, announced Tuesday a network of companies designed to help electric utilities better manage and troubleshoot their networks after installing BPL equipment.
