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Monthly Archive: July 2011

Jul
29
2011

Vodafone Jumps 6% As Verizon Sets Jan ’12 $10B Distribution

By Tiernan Ray Shares of Vodafone (VOD) are up $1.65, or 6%, at $28.50 after verizon Communications (VZ) this afternoon said the board of representatives of its verizon Wireless unit approved a $10 billion proportional distribution, payable January 31st, 2012, to the owners of the three way partnership. Verizon owns 55% of the wireless business, …

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Jul
29
2011

Verizon Wireless to distribute $10 bln dividend

SAN FRANCISCO (MarketWatch) — verizon Wireless said late Thrusday its board approved the distribution of $10 billion in dividends to its owners verizon Communications Inc. /quotes/zigman/262341/quotes/nls/vz VZ -1.52% and Vodafone Group /quotes/zigman/101873/quotes/nls/vod VOD +0.75% . The dividend could be …

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Jul
29
2011

Brightpoint, Inc. Earnings Cheat Sheet: Earnings Higher Than Expected

{“s” : “aey,arw,avt,cell,eric,ifon,im,mmi,nok,rimm,s,snx,t,tecd,tess,vz”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} On Thursday July 28, 2011, 5:41 pm EDT Brightpoint, Inc. reported net income above Wall Street’s expectations for the second one quarter. Brightpoint, Inc. is engaged in providing supply chain solutions to the wireless industry. Get more Earnings Cheat Sheets with our extensive coverage of earnings …

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Jul
29
2011

[$$] Alcatel Tumbles as Outlook Disappoints

BY MAX COLCHESTER AND RUTH BENDER PARIS-Alcatel-Lucent SA looked to reassure investors that demand for telecommunications equipment within the U.S isn’t petering out, after the company’s share price plunged 15% although the crowd posted a second-quarter profit. The Paris-based company swung to a net profit “43 million ($61.8 million) for the 3 months led to …

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Jul
29
2011

Verizon Wireless to pay $10B dividend to owners

{“s” : “vod,vz”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Peter Svensson, AP Technology Writer, On Thursday July 28, 2011, 5:47 pm EDT NEW YORK (AP) — verizon Wireless on Thursday said it’ll pay a dividend of $10 billion in January to its owners, verizon Communications Inc. and Vodafone Group PLC, ending a technique of reducing …

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Jul
29
2011

Juniper Misses Estimates, Revs Up

{“s” : “csco,hpq,jnpr,t,vz”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Zacks Equity Research, On Thursday July 28, 2011, 5:50 pm EDT Juniper Networks Inc. (NYSE: JNPR – News) posted adjusted earnings per share (EPS) of twenty-two cents within the second quarter of 2011, missing the Zacks Consensus Estimate of 27 cents a share. Revenues Juniper Networks’ …

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Jul
29
2011

Motorola Mobility Forecast Trails Estimates Amid Competition

Motorola Mobility Holdings Inc., spun off in January from Motorola Inc., forecast profit for the third quarter and whole year that trailed analysts’ estimates amid growing competition from rival smartphone makers. Profit excluding some charges could be 48 cents to 60 cents a share this year, the Libertyville, Illinois-based company said in a press release …

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Jul
29
2011

Internet Providers to avoid wasting User Data Under Child-Porn Bill

The U.S. House Judiciary Committee approved a measure today that might require Internet-service providers to save lots of subscriber information to help investigations of kid pornography. The bill, HR 1981, was approved on a 19-10 vote. It’d obligate Internet providers to retain customers’ Internet Protocol addresses for a year. ISPs “routinely purge these records, sometimes …

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Jul
29
2011

After Hours: Stock futures waver after U.S. debt-vote delay

By Austen Sherman, MarketWatch SAN FRANCISCO (MarketWatch) – U.S. stock futures briefly dropped in after-hours trading after the home of Representatives delayed its vote on a proposed bill to elevate the debt ceiling, adding to concerns a few potential default. …

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Jul
29
2011

UPDATE 1-Verizon Wireless to pay $10 bln to folks

Thu Jul 28, 2011 6:55pm EDT * Vodafone portion $4.5 bln, verizon portion $5.5 bln * Vodafone had hoped for a $5.5 bln payout NEW YORK, July 28 (Reuters) – verizon Wireless plans to pay a $10 billion dividend early next year to its parents, Vodafone Group Plc (VOD.L) and verizon Communications (VZ.N). Vodafone will …

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