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 Communications
News
McAfee
Buys into Wi-Fi (Red Herring)
The antivirus giant makes a play into the emerging market for Wi-Fi
security by acquiring Wireless Security.
Cell
phones to take flight (CNet News)
As shown by the flurry of comments filed with the Federal Communications
Commission in the past few days, there's a consensus building to
relax rules that since 1991 have banned cell phone use on U.S. commercial
flights.
Vonage:
No IPO Plans (Red Herring)
The VoIP provider will use $200 million from a private security
sale to support its growth.
MCI
accepts Verizon's raised $8.5 billion offer (CNet News)
MCI accepted a raised $8.5 billion bid from Verizon Communications,
saying its large business customers might defect if it accepted
a higher bid from rival suitor Qwest Communications International.
Qwest
Outlines Plans for MCI (Red Herring)
Qwest asserts its financial fitness as a potential partner for MCI
while both companies watch for a new bid from Verizon.
MCI
Awaits New Verizon Bid (Red Herring)
Qwest's bid of $30 per share may be "superior," but Verizon
has until Friday to sweeten its $23.10 bid for MCI.
Qwest
Raises Its Bid for MCI A Third Time (Washington Post)
Qwest Communications International Inc. increased its bid for MCI
Inc. by more than $800 million, trying for the fourth time to woo
the Ashburn company to abandon its plans to merge with Verizon Communications
Inc.
Qwest's
High Offer May Show Desperation, but Should MCI Care? (New York
Times)
Major institutional investors are up in arms over the way MCI has
conducted itself in finding a buyer. Its board so far has backed
the lower bid from the company that can best afford it, Verizon,
rather than the higher bid from Qwest, a company that is, to put
it gently, financially challenged.
In-Flight
Calls Could Cause Turbulence, Opponents Say (Washington Post)
Many shudder at the prospect of the federal government lifting its
ban on cell phone use during flights, as millions of dollars are
being spent on research to determine whether wireless communications
pose a threat to airline navigation systems.
MCI
to Reopen Merger Talks with Qwest (Washington Post)
MCI Inc. invited Qwest to reopen merger talks, just three days after
the long-distance phone company agreed to a sweetened $7.5 billion
buyout from Verizon and a day after Qwest raised its bid to nearly
$9 billion.
Is
That a Rebel Yell at MCI? (BusinessWeek)
Now that the board has spurned Qwest's latest offer in favor of
a lower bid from Verizon, some major shareholders are starting to
talk of mutiny.
MCI
Board to Continue Talks with Qwest (Reuters)
MCI Inc. said it would hold continued talks with suitor Qwest Communications
International Inc., prolonging the takeover push for the No. 2 U.S.
long-distance telephone company.
Qwest's
Sweetened Offer Puts MCI on the Hot Seat (Washington Post)
With Qwest Communications International Inc. adding another stack
of cash to its takeover offer, MCI's board of directors yesterday
began weighing whether to sell their company for Qwest's dollars
or Verizon's promise of long-term stability.
Now
It's Qwest in the Crosshairs (BusinessWeek)
The SEC charges former CEO Joseph Nacchio and six colleagues with
"massive financial fraud." Will criminal charges follow?
Qwest's
final push (Red Herring)
As the MCI board revisits its plan to merge with Verizon, Qwest
may add new incentives to its acquisition bid.
Qwest
vs. Verizon (Red Herring)
As MCI board chooses between its suitors, Qwest’s troubled
past just won’t fade away.
VoIP:
Can you hear me now? (CNet News)
The Voice Over the Net conference in Silicon Valley will put the
spotlight on the fast-growing trend of Internet phone calling. You
can bet the search giants are paying attention, as are cable and
the Baby Bells.
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