Create an Account
username: password:
  MemeStreams Logo

What questions are you asking yourself?


My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

Jeremy's topics
   Sci-Fi/Fantasy Literature
   Movie Genres
    Cult Films
    Independent Films
    Film Noir
    Sci-Fi/Fantasy Films
   Music Styles
    Electronic Music
    Rap & Hip Hop
    World Music
   TV Documentary
   TV Drama
   SciFi TV
  Finance & Accounting
   Tech Industry
   Telecom Industry
  Markets & Investing
  Video Games
   PC Video Games
   Console Video Games
Health and Wellness
Home and Garden
   Using MemeStreams
Current Events
  War on Terrorism
  Cars and Trucks
Local Information
  United States
    SF Bay Area
   Events in Washington D.C.
   News for Washington D.C.
     Atlanta Events
  Nano Tech
  International Relations
  Politics and Law
   Civil Liberties
    Internet Civil Liberties
   Intellectual Property
   Computer Security
   PC Hardware
   Human Computer Interaction
   Computer Networking
   Software Development
    Open Source Development
  Military Technology
  High Tech Developments

support us

Get MemeStreams Stuff!

Current Topic: Economics

Talks Collapse on $750 Million Takeover of Global Crossing
Topic: Economics 9:59 pm EDT, May 25, 2002

Two Asian companies said yesterday that they had failed to reach an agreement in talks on acquiring the troubled fiber optic network operator Global Crossing.

The collapse of the talks puts in doubt the ability of Global Crossing to continue in its current form, providing communications services to companies in 27 countries.

So long, Global Crossing ... and off to the chopping block it goes.

Talks Collapse on $750 Million Takeover of Global Crossing

Nextel's NII Files for Chapter 11
Topic: Economics 8:46 am EDT, May 25, 2002

NII Holdings Inc, which provides wireless telephone services in Latin American, said on Friday it had filed for Chapter 11 bankruptcy protection and planned a restructuring that will strip Nextel of its majority stake.

Nextel's NII Files for Chapter 11

Ciena Loss Grows as Revenue Falls 80%
Topic: Economics 3:37 pm EDT, May 24, 2002

Ciena, the second-biggest domestic maker of fiber-optic equipment, reported yesterday that its quarterly losses increased, its revenue plunged 80% and its financial picture could get even worse before the troubled telecommunications industry shows any sign of reviving. ...

Stock is down 90% in the last year; suffering from "extreme" cost cuts by its few customers; gross profit margin is -1%.

Analyst [with haughty disgust]: "Worst. Results. Ever."
Another: "Even incumbents are not spending."

Ciena Loss Grows as Revenue Falls 80%

KPNQwest Is Seeking Bankruptcy
Topic: Economics 6:16 am EDT, May 24, 2002

KPNQwest N.V., the Dutch provider of data services, said today that it would file for protection from creditors and that it was in talks with rivals that could lead to a takeover of the company.

Analyst: "Who is going to buy them?"

KPNQwest: "The company continues to believe that there is substantial risk that there may be no underlying value to either its debt or equity securities."

KPNQwest Is Seeking Bankruptcy

Recession? Don't Tell the Video Game Industry
Topic: Economics 6:13 am EDT, May 24, 2002

"Spurred by technology advances that create ever more realistic renderings of adventure, sports fantasy and violence, the video game industry is in a remarkable boom.

The industry appears to have created its own economy. Despite the recession, a prolonged technology slump and Sept. 11, sales of video game hardware, software and accessories increased 43 percent last year, to a record $9.4 billion.

Recession? Don't Tell the Video Game Industry

Rigas Family Is Giving Up Voting Control of Adelphia
Topic: Economics 6:10 am EDT, May 24, 2002

John J. Rigas and his family finally surrendered control yesterday of Adelphia. For the Rigases, giving up control of Adelphia because of growing turmoil about questionable dealings may be the last chapter of the family's involvement in a business they built into the nation's sixth-largest cable operator but pushed to the brink of ruin.

Rigas Family Is Giving Up Voting Control of Adelphia

Adelphia and Rigas Family Continue Their Tug of War
Topic: Economics 9:31 am EDT, May 23, 2002

Adelphia is close to a deal under which the Rigas family would give up all its board seats and supervoting rights and forgive $575 million in debt. The deal would also include either the transfer of $1.2 billion in cable assets to Adelphia or the cash flow from those properties, which is more than $90 million a year.

Got debt?

Adelphia and Rigas Family Continue Their Tug of War

Telecom Tsunami
Topic: Economics 12:41 pm EDT, May 21, 2002

There is no question that these are challenging times for the telecommunications industry and telecommunications investors.

The tidal wave of troubles that hit telecom came hard and fast. We have seen an unprecedented number of telecom bankruptcies. We can all debate the causes of the telecom tsunami.

My purpose today is not to rummage through the past in hopes of gleaning lessons for the future. My purpose today is to highlight for you what I see as the major challenges ahead. In so doing, I am hoping that you on Wall Street will join us on Pennsylvania Avenue in tackling these challenges.

... Our goal is a bright future for the telecom industry. You are attentive observers of the telecom industry. Our process is to gather as much relevant input as we can ... You watch what happens out there and probably have a pretty good idea of why certain businesses and technologies are succeeding and others are not. Now is your chance to be part of the solution and to help ensure a future for the telecom industry we can all be proud of.

This is a May 8 speech given at a Goldman Sachs conference on global communications by the assistant secretary of the NTIA.

Telecom Tsunami

Rigas Family Said to Resist Leaving Board of Adelphia
Topic: Economics 5:42 am EDT, May 21, 2002

Despite mounting pressure from outside directors, bankers and others aimed at forcing the Rigas family to resign from the board of Adelphia Communications, the family is strongly resisting giving up its five seats.

The family is still stonewalling the SEC, and if this sufficiently irritates Nasdaq, this company is toast. Upon delisting, the bondholders will come swooping down on them. The author of this article claims that the bondholders are unlikely to press the issue, though.

Rigas Family Said to Resist Leaving Board of Adelphia

Corvis, waiting for the pickup
Topic: Economics 9:02 pm EDT, May 20, 2002

Shareholder to Corvis CEO at meeting: "You basically have 10 quarters' worth of cash on hand -- so you're going to run out of cash, just when the market is hopefully turning?"

CEO's reply: [sips water, silently.]

Corvis board member: "Near-term prospects are not bright for anybody, but there are significant opportunities overseas in Asian countries and in terrestrial and underseas markets in the Middle East and Africa."

I ask: Are you looking for your growth in undersea African markets? Does this sound like a reasonable short-term business plan?

This is a lengthy, in-depth article with lots of quotes from the latest shareholders meeting.

Corvis, waiting for the pickup

(Last) Newer << 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 ++ 19 >> Older (First)
Powered By Industrial Memetics