Integrated Telecommunication Services

Digitimes says that the CDMA version of the Apple (NASDAQ: AAPL) iPhone has had its orders cut in half, as Pegatron, the company who assembles the CDMA version of the iPhone, has seen orders go from 10 million to 5 million. Verizon (NYSE: VZ) sells the CDMA version of the iPhone in the United...

Gabelli & Company has issued a report about CenturyLink's (NYSE: CTL) plan to acquire Savvis. Gabelli writes, "CenturyLink agreed to acquire Savvis, a data center company, providing hosting IT solutions and cloud infrastructure to enterprises. In 2010, Savvis generated $933 mil. in revenues (...

Gabelli & Company has issued a report about CenturyLink's (NYSE: CTL) plan to acquire Savvis. Gabelli writes, "CenturyLink agreed to acquire Savvis, a data center company, providing hosting IT solutions and cloud infrastructure to enterprises. In 2010, Savvis generated $933 mil. in revenues (...

Verizon (NYSE: VZ) is scrambling this week to restore connection its next-generation LTE network, after the high-speed network suffered from data outages on Wednesday. Verizon is "aware of an issue with 4G LTE data connections and network engineers are working to resolve this quickly." The company...

Blue Harbour Group, a significant shareholder in Savvis, Inc. (Nasdaq: SVVS) since May 2010, today issued the following statement from its Chief Executive Officer, Clifton S. Robbins, commenting on Savvis's agreement to be acquired by CenturyLink, Inc. (NYSE: CTL) for $40.00 per share in cash and...

Benchmark Capital is out with a research report on the merger between SAVVIS, Inc. (NASDAQ: SVVS) and CenturyLink, Inc. (NYSE: CTL). In a note to clients, Benchmark writes, "Savvis has agreed to sell to CenturyLink for $40 per Savvis share in cash and stock. Savvis also reported 1Q11 EBITDA nicely...

UPDATE: Verizon Wireless (NYSE: VZ) Doesn't Provide Details On Network Glitch, Reported By Bloomberg

Verizon Wireless (NYSE: VZ) States That 4G Customers Are Facing Connection Problems, Reported By Dow Jones

SAVVIS Inc (NASDAQ: SVVS) shares moved up 8.55% to $39.10 at 10:15 am. The volume of SVVS shares traded was 5564% higher than normal. CenturyLink (NYSE: CTL) announced its plans to buy SVVS for $40 per share, or $2.5 billion in cash, plus net debt of about $0.7 billion. LPL Investment Holdings Inc...

SAVVIS Inc (NASDAQ: SVVS) shares jumped 8.55% to create a new 52-week high of $39.10. CenturyLink (NYSE: CTL) announced its plans to buy SVVS for $40 per share, or $2.5 billion in cash, plus net debt of about $0.7 billion. LM Ericsson Telephone Company (NASDAQ: ERIC) shares gained 12.33% to touch...

Shares of Johnson & Johnson (NYSE: JNJ) dropped about 1.7% after the company announced its plans to purchase US-Swiss medical device maker Synthes Inc for $21.3 billion in cash and stock. JNJ is offering 159 Swiss francs ($181.30) per share for Synthes, representing a 22% premium over the share...

LM Ericsson Telephone Company (NASDAQ: ERIC) added 10.88% to $14.57 in the pre-market session. ERIC reported upbeat Q1 profit. SAVVIS Inc (NASDAQ: SVVS) moved up 8.02% to $38.91 in the pre-market session. CenturyLink (NYSE: CTL) announced its plans to buy SVVS for $40 per share, or $2.5 billion in...

Pre-open movers US stock futures are higher this morning, as investors are awaiting Federal Reserve Chairman's news conference. Futures on the Dow Jones Industrial Average gained 40 points to 12,558.00 and S&P 500 index futures rose 4.90 points to 1,345.80. Futures on the Nasdaq 100 surged 15....

CenturyLink (NYSE: CTL) and Savvis, Inc. (Nasdaq: SVVS) today announced that their boards of directors have approved a definitive agreement under which CenturyLink will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of...

CenturyLink (NYSE: CTL) and Savvis, Inc. (Nasdaq: SVVS) today announced that their boards of directors have approved a definitive agreement under which CenturyLink will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of...