Nortel Still Haunted by Accounting Woes
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Nortel Networks Ltd. (NYSE/Toronto: NT - message board) shocked the markets this morning with news that it is delaying its fourth-quarter 2005 and full-year financial reports, and restating its 2003, 2004, and first nine months of 2005 numbers, due to "revenue incorrectly recognized in prior periods that should have been deferred to...
Telenor Complains About Alfa's Attempt to Control VimpelCom
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Telenor has told Russia's Federal Antimonopoly Service (FAS) that a proposed move by Alfa Group to increase its stake in mobile operator VimpelCom would constitute a breach of Russia's antimonopoly legislation. Alfa currently owns 32.9% of voting shares in VimpelCom and asked the FAS in May 2005 for permission to increase this stake to...
Wireless Warehousing's Real Driver
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While supply-chain technology based on RFID grabs headlines, it's simpler and less costly barcode-and-WiFi systems that are increasing productivity in America's small and medium-sized warehouses. Two ready-made cases in point: Based in Tacoma, Wash., Stellar Industrial Supply is a wholesale distribution company specializing in...
Cingular Embraces Mobile Blogging
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Blogging continues to gain traction in the wireless space as the United States' top two wireless carriers now offer customers the ability to create mobile blogs. Cingular Wireless is the latest carrier to sign up for Intercasting Corporation's Rabble service. The Rabble platform is designed to give customers the ability to create and...
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