Vonage reports bigger loss
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Internet phone company Vonage Holdings  Corp.  on Tuesday reported a wider net loss for the  second quarter as it spent heavily to market its Web-based  calling service.
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TiVo said on Monday that its quarterly loss widened, citing increased marketing costs, but the maker of digital video-recording technology said it expects to have 3 million subscriptions by the end of the year.
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Sprint Corp.  on Tuesday reported a wider third-quarter loss due to a writedown in the value of its long-distance business.
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The loss of $8.95 per share was atributed to charges related to the company's retreat from traditional telephone services.
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The chip maker reported a net loss of $396 million, larger than Wall Street expected, but sales were up 23 percent on strong personal-computer demand.
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The smartphone maker said Tuesday that it swung to a loss in its fiscal second quarter as revenue fell and expenses rose.
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The recording company reported a first-quarter loss of $16 million, hurt by higher expenses and an impairment charge.
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Vonage is downplaying an appeals court decision affirming an earlier verdict of patent infringement on two patents owned by Verizon Communications.
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Communications equipment network maker 3Com Corp  on Thursday posted a wider net loss from a year ago, partly due to higher research and development costs.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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Shares of Internet phone service  provider Vonage Holdings Corp.  fell more than 5 percent  in its market debut on Wednesday in a sign of investor  skepticism about its long-term prospects.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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Vonage Holdings Corp., which provides phone service over broadband lines, reported a narrowed fourth-quarter loss Wednesday as it scaled back on marketing and cut other costs.
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Sprint Corp. on Tuesday reported a wider loss for the third quarter as it wrote off &#36;3.5 billion in value for its long-distance assets.
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(InfoWorld) - A federal jury has found that Vonage infringed three Verizon patents and must pay $58 million in damages plus royalties to Verizon, Vonage confirmed Thursday. Verizon sued Vonage last June, alleging the VoIP provider had violated seven of its patents involving the packet-based calling technology. In reality, the giant carrier sued to try to eliminate "a formidable competitor" to part of its traditional phone business, said Vonage spokeswoman Brooke Schulz. Vonage must pay a 5.5 percent royalty rate on future sales to use the Verizon technology. After the verdict, Verizon asked for a permanent injunction to stop Vonage from using the technology altogether, Vonage confirmed. In a statement, Vonage said it expects the verdict to be reversed on appeal. The award was 70 percent lower than the $197 million that Verizon originally sought, Vonage said. There is no basis for an injunction, and Vonage will seek a stay from the Federal Court of Appeals if it is imposed, the company said. Vonage customers should not see any change to their service, Vonage said. "We are proud of our inventors and pleased the jury stood up for the legal protections they deserve," Verizon said in a statement. Â
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The company posted a wider-than-expected fourth-quarter loss, burdened by a 35 percent jump in its fuel bill.
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AT&T Corp. T.N, the No. 3 U.S.  telephone company, on Thursday reported a $7.1 billion  third-quarter loss due to $12.5 billion in charges for cutting  asset values and jobs as it retreats from consumer services.