[qi:076] Covad to be acquired by
Providence Equity Platinum Equity Partners for $1.02 a share in cash, a 59 percent premium to its closing price on Friday. Covad is one of the handful of independent broadband service providers to have survived the telecom bust. Providence, I suspect, will have Covad focusing on wholesale and wireless broadband. Maybe it is time for the private equity guys to take a cold, hard look at EarthLink (ENLK).
[qi:017] Vonage and Verizon kiss and make up. The patent fracas is going to end with a settlement that will see Vonage (VG) paying out either $80 million or $120 million. Vonage has seen seeking a rehearing of its case, and if it wins, Verizon (VZ) gets $80 million. No one can tell me that this patent mess isn’t about the money. The ironic thing is that the shareholders who bought into Vonage’s independence have seen their dollars end up in the pockets of the incumbents.
[qi:83] Skype launches 3SkypePhone. It was rumored for a while, but Skype (EBAY) and 3 have launched a Skype-branded phone that lets 3 customers make free Skype-to-Skype calls and send free Skype instant messages from their mobile phone to other Skypers by pushing a single Skype button on the phone.
[qi:045] Hypres combines superconductivity with software radios. Hypres, a superconductor maker that we recently profiled, has signed a deal with SELEX Communications, a division of Finmeccanica Company (a huge defense and high-tech company in Italy), to develop an all-digital receiver for the SELEX Communications software-defined radio.
[qi:012] How good is Apple Airport Extreme (AAPL)? Information Week thinks it is better than the rest. It’d better be, given how expensive the damn thing is.