* Qwest charges AT&T with knowingly submitting inaccurate toll-free number data Qwest last week sued wholesale customer AT&T, alleging inaccurate billing of toll-free calls routed across the Qwest network. Qwest is seeking to recoup fees from AT&T lost to under-billing based on an inaccurate AT&T database of toll-free calls using Qwest’s network. Qwest says the under-billing amounted to $15 million to $20 million annually in lost access fees. AT&T denies the allegations and says the carriers have been working to resolve the dispute for the past 16 months. Qwest says the suit was inevitable after exhausting all means of resolution. http://www.nwfusion.com/edge/news/2003/1023qatt.htmlQwest last week sued wholesale customer AT&T, alleging inaccurate billing of toll-free calls routed across the Qwest network. Qwest is seeking to recoup fees from AT&T lost to under-billing based on an inaccurate AT&T database of toll-free calls using Qwest’s network. Qwest says the under-billing amounted to $15 million to $20 million annually in lost access fees. AT&T denies the allegations and says the carriers have been working to resolve the dispute for the past 16 months. Qwest says the suit was inevitable after exhausting all means of resolution.https://www.nwfusion.com/edge/news/2003/1023qatt.htmlNortel is restating financial results for 2000, 2001, 2002 and the first two quarters of 2003 as part of an ongoing review of its assets and liabilities. The restatements should reduce the losses Nortel reported in 2000 through 2002 and increase shareholders’ equity and net assets as reported on its balance sheet on June 30, 2003, the company said. Nortel is attempting to pinpoint the cause of the mistakes and sought to assure stakeholders in a conference call last week that they will not happen again. For the third quarter of 2003, Nortel recorded a profit of about $179 million, or 4 cents per share. The results exceeded analyst forecasts of break-even results on revenue of $2.33 billion. Revenue for the quarter, ended Sept. 30, came in close to that estimate at $2.27 billion, but was down 2.2% sequentially and 3.4% year over year. Nortel expects fourth-quarter revenue to pick up, and to be profitable for the full year of fiscal 2003 – the first time in six years Nortel’s achieved full-year profitability. https://www.nwfusion.com/edge/news/2003/1023norterepor.html Related content news Dell provides $150M to develop an AI compute cluster for Imbue Helping the startup build an independent system to create foundation models may help solidify Dell’s spot alongside cloud computing giants in the race to power AI. By Elizabeth Montalbano Nov 29, 2023 4 mins Generative AI news DRAM prices slide as the semiconductor industry starts to decline TSMC is reported to be cutting production runs on its mature process nodes as a glut of older chips in the market is putting downward pricing pressure on DDR4. By Sam Reynolds Nov 29, 2023 3 mins Flash Storage Technology Industry news analysis Cisco, AWS strengthen ties between cloud-management products Combining insights from Cisco ThousandEyes and AWS into a single view can dramatically reduce problem identification and resolution time, the vendors say. By Michael Cooney Nov 28, 2023 4 mins Network Management Software Cloud Computing opinion Is anything useful happening in network management? Enterprises see the potential for AI to benefit network management, but progress so far is limited by AI’s ability to work with company-specific network data and the range of devices that AI can see. By Tom Nolle Nov 28, 2023 7 mins Generative AI Network Management Software Podcasts Videos Resources Events NEWSLETTERS Newsletter Promo Module Test Description for newsletter promo module. Please enter a valid email address Subscribe