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Why Investors Might Consider Telecom
Thursday, July 7, 2011 - 2:29pm | 454With recent innovation, the telecommunications industry has seen increasing strength, even for established companies such as Verizon (NYSE: VZ) and AT&T (NYSE: T). In the Telecom industry there is a near-constant demand for products and services. In the modern world, the cell phone has become...
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Goldman Sachs Suggests Buying Calls on Verizon Communications
Thursday, July 7, 2011 - 8:12am | 126Goldman Sachs is out with a research note this morning, where is suggests that traders buy calls on Verizon Communications (NYSE: VZ) ahead of earnings. Goldman Sachs Telecom and Cable analyst Jason Armstrong met with Verizon's investor relations team recently. He rates VZ shares as a Buy (on the...
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Telcom New Zealand: High yield 'monopoly'
Wednesday, July 6, 2011 - 7:00pm | 119Paul Tracy, High-Yield International Telecom Corporation of New Zealand (NZT) is the largest telecom operator in New Zealand with a near-monopoly on fixed line communications and a roughly 45% share of the wireless business. In late May, the New Zealand government granted NZT the majority of the...
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CenturyLink Completes $258M New Mexico Broadband and Network Investment
Wednesday, July 6, 2011 - 3:50pm | 52CenturyLink, Inc. (NYSE: CTL) today announced that it completed ahead of schedule a $258 million capital investment within specific categories ordered by the New Mexico Public Regulatory Commission under the 2007 Second Amended Settlement Agreement, and added $3 million above the $255 million...
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Xfone Announces Rights Offering
Wednesday, July 6, 2011 - 3:07pm | 200Xfone, Inc. (NYSE: XFN) announces that its Board of Directors has approved a direct rights offering in which Company stockholders will receive non-transferable and non-tradable rights to purchase one (1) additional share of the Company's common stock, par value $0.001 for each share owned as of the...
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How to Trade Goldman Sachs and GSV Capital Ahead of Today's Big Facebook Announcement
Wednesday, July 6, 2011 - 11:07am | 831There has been a ton of hype for what has been deemed an “awesome” new feature coming to Facebook this week. Whatever that feature is, the world won't have to wait much longer: the social networking giant is scheduled to make an announcement at 1:00 p.m. EDT today. The latest rumor suggests that...
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Sterne Agee Neutral On Nvidia
Tuesday, July 5, 2011 - 8:39am | 163Sterne Agee is lowering its earnings estimates on NVIDIA Corporation (NASDAQ: NVDA). It still rates shares at Neutral. In a note to clients, Sterne Agee writes, "We are lowering our July quarter estimates from prior $1.02B/$0.27 to $975M/$0.26. While NVDA has some near-term tailwinds with Atrix,...
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A Telecom Stock With a Fat Dividend and Growth Potential
Tuesday, July 5, 2011 - 7:30am | 126If you're worried that this market rally isn't for real, you might want to hedge your bets by buying a stock with a nice dividend and growth prospects. One stock that fits the bill is Verizon (VZ), the co-owner of Verizon Wireless. In this video, I look at why Verizon may be a good addition [...]...
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A Telecom Stock With a Fat Dividend and Growth Potential
Tuesday, July 5, 2011 - 7:30am | 126If you're worried that this market rally isn't for real, you might want to hedge your bets by buying a stock with a nice dividend and growth prospects. One stock that fits the bill is Verizon (VZ), the co-owner of Verizon Wireless. In this video, I look at why Verizon may be a good addition [...]...
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Convergys Announces That the Sale of Its Minority Interests in the Cellular Partnerships to AT&T Has Closed
Friday, July 1, 2011 - 9:56am | 215Convergys Corporation (NYSE: CVG) announced today that the sale of its interests in the cellular partnerships in the Cincinnati metropolitan area to AT&T for approximately $320 million in cash has closed. Convergys expects to announce second-quarter results in early August and will update...
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AT&T Announces Strategic Agreement With Zynga
Wednesday, June 29, 2011 - 12:57pm | 82AT&T (NYSE: T) today announced an agreement with social games developer Zynga, designed to bring the very latest in mobile social gaming to AT&T's millions of wireless customers. Popular games such as Words with Friends and Zynga Poker, plus customized content, will be featured for download...
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Get Your iPhones Free
Wednesday, June 29, 2011 - 10:44am | 249Apple (NASDAQ: AAPL) is preparing to compete in the “free phone with contract” market with the iPhone 3GS when it launches the iPhone 5 later in the year. RBC Capital Markets General Manager Mike Abramsky said in a note to investors that Apple will be offering the 3GS for free to attack mid-market...
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Yahoo! and Frontier Communications Expand Partnership
Wednesday, June 29, 2011 - 7:08am | 70Yahoo! (NASDAQ: YHOO) and Frontier Communications Corporation (NYSE: FTR) today announced an expanded partnership that will deliver rich and innovative online experiences to Frontier's broadband subscribers in 27 states. Later this year, Frontier customers will be upgraded to a co-branded Frontier-...
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Taiwan's Chunghwa Steady On Dividend
Tuesday, June 28, 2011 - 5:05pm | 71Taiwan's No. 1 phone company, Chunghwa Telecom, has been a standout among Asian telecom stocks. U.S. shares in Chunghwa Telecom (CHT) have rallied since March. The high-dividend-paying company might have lower payouts than usual this year -- in the 5%-6% range vs. 9%-10% -- but analysts say that's...
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Benzinga's Political Roundup June 28, 2011
Tuesday, June 28, 2011 - 11:08am | 140The FCC continues to take a neutral stance on the wireless industry and whether it would be competitive after AT&T (NYSE: T) buys T-Mobile USA. Congress may discuss regulating investment advisers and handing the regulation over to The Financial Industry Regulatory Authority, as opposed to the...