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Bloomberg News reports that MCI has accepted a new $7.6 billion takeover offer from Verizon Communications Inc., rejecting a $8.45 billion offer from Qwest. VZ is offering $23.50 a share in cash and stock, including 40 cent dividend given out by MCI to its share holders. Q had made an offer of $26 a share. [...]

Online gaming clearly is the next big thing, especially for cable broadband providers. Knowing that gamers will be willing to spend extra dollars on faster pipes most cable providers - Comcast down to the ones whom I don’t know - are all hopped up. It gives them a chance to nudge their revenues higher, especially [...]

Is the VoIP reseller model in trouble? First Level 3 Communications took its lumps and shuttered its hosted PBX service, (3)Tone (which at one time had 100 resellers) there is news that even others are having trouble making reseller model work. According to Phone Plus magazine, Armstrong Cable which was a reseller of Vonage VoIP [...]

The telecom bubble of 1990s had far reaching effects, and on of the companies affected deeply was New Zealand Telecom, which saw its shares plunge, and profits evaporate. Instead of licking its wounds and hiding under the rock, the company decided to cut its fat, and bet big on an all IP network, which makes [...]

Never mind the lawsuits and other pesky issues - Vonage is growing like crazy. It is adding employees like wild mushrooms after a monsoon rain. The company says it has outgrown its Edison, NJ digs and will be moving to a new office in Holmdel, NJ. The company plans to hire another 1000 employees by [...]

Hefty sales of wireless handsets boosted chip sales for some vendors last year, according to iSuppli, a market research firm. According to this report companies that were selling memory chips - Samsung, Infineon, AMD/Spansion and Hynix - and wireless chips - Texas Instruments, STMicroelectronics, Infineon, Philips Semiconductors, Freescale Semiconductor, Qualcomm, Analog Devices and Sharp [...]