WSJ.com :: Qwest Communications International Inc. came under intense scrutiny on Capitol Hill as three telecommunications companies said they cut side agreements with the Denver-based telecom concern that purportedly helped Qwest improperly recognize hundreds of millions of dollars in revenue in 2000 and 2001. The allegations came during a hearing by the investigations subcommittee of the House Energy and Commerce Committee, which has undertaken a seven-month probe into widespread use of telecom “swaps” of fiber-optic capacity. Under such swaps, companies such as Qwest and Global Crossing Ltd. traded sometimes equal amounts of telecom capacity, recognizing revenue gains on their financial statements in the process. Continue »
Archive for 2002
QWEST FROZE OUT MORGAN STANLEY
NYPOST.COM Business :: Lawmakers grilling a top telecom exec from Qwest Communications learned how a negative research report can shut a leading Wall Street investment bank out of their business. Continue »
ONE TYPICAL DESI PARTY :: Rahul Khanna writes ::
What really goes on at these Desi parties? Is it a bunch of Desi kids sharing their culture and comparing their lives about living in the Diaspora? Or is it just a bunch of wild college students using the name Desi Party so that theyre strict parents who are living in the genre of the 1970s will let them party til 2 AM in the morning?
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THE SCENE: FINDING DESIs AFTER COLLEGE :: Rahul Khanna has some tips …..
Classic Situation: You just left college and are sitting at home on a Saturday night reminiscing about the good old days when your social life was so vivacious, the weekend began on a Wednesday night. Unfortunately, the epoch of going to parties where the ladies aren’t old enough to have a driver’s liscence are obsolete, and the only event that looks to be remotely stimulating is waiting to see who the winner of American Idol is going to be. Your college friends are all in different parts of the country and going to one more family party and discussing the exact amount of spice to put in the “mattar paneer” with the aunties has dried up your interests. “The Scene” has compiled its top ten recommendations of ways to find desis after collegeóó
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The Curryholics
BBC Online :: If you thought owning and running an Indian restaurant, cooking curry both in the domestic kitchen or as a professional chef and even talking about Indian food as a learned practitioner, is strictly the domain of Asians, then think again. Continue »
NASD Sues Star Analyst Over Research
New York Times :: Regulators from the securities industry sued Jack B. Grubman, the former analyst at Salomon Smith Barney, and an assistant yesterday, contending they wrote misleading research on the telecommunications company Winstar Communications. Continue »
Teleglobe - around the world for pennies
The Globe and Mail :: Troubled Teleglobe Inc., which once vowed to spend billions to ring the world with fibre-optic cable, said Thursday that it has agreed to sell most of its assets to two American turnaround experts for $155.3-million in cash. The sale is subject to court approval in Canada and the United States. Continue »
sittin’ on the dock of the bay
Here I am still trying to figure out how to work and finish the story which i promised my editor, but something out there is distracting me… is it dire straits on my IPOD or is it the beauty of the landscape that lies in front of me… Continue »
internet joke of the day
An Indian doctor says “Medicine in my country is so advanced that we can take a kidney out of one man, put it in another, and have him looking for work in six weeks.” Continue »
Network
- GigaOM: Meraki Seeks Money Making Outlet for Free Wi-Fi
- TheAppleBlog: MMS for iPhone? It’s Already Here, Says Mobispine
- Earth2Tech: New Cash And New Name For SunEthanol
- GigaOM: Why Microsoft Should Bid Again — and Yahoo Should Accept
- NewTeeVee: Blinkx Makes Another Bid for MIVA
- GigaOM: This Is Cool: Social News & Obama’s CTO
