Vonage narrows 4Q loss
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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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By JEFF ST. ONGE and AMY THOMSON, BLOOMBERG NEWS Vonage Holdings Corp. must pay $58 million plus monthly royalties to Verizon Communications Inc. for infringing three patents on Internet-telephone service, a federal jury ruled Thursday. Vonage shares fell to their lowest ever.
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NEW YORK -- Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter Tuesday as revenues more than doubled.
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Sirius Satellite Radio Inc.  said on Tuesday its quarterly net loss narrowed as revenue jumped on a sharp increase in subscribers to its fee-based service.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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XM Satellite Radio Holdings Inc.  XMSR.O on Thursday posted a wider fourth-quarter loss, but  revenue more than doubled as its subscriber base increased.
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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.
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MCI Inc.&#39;s quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to a price war in long-distance services, MCI said on Thursday.
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Telecommunications provider Vonage  Holdings Corp.  said on Wednesday that it is not buying  back shares that were allocated for its customers to purchase  in its initial public offering last week.
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AT&T Corp.  and Internet telephone provider Vonage said on Thursday they were cutting prices for their residential Internet calling services by &#36;5 per month, the strongest signs yet of a price war in the nascent market.
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MCI Inc.&#39;s (MCIP.O: Quote, Profile, Research) quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to
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Verizon Communications won an appeals court ruling yesterday upholding most of a patent verdict over smaller rival Vonage Holdings, the second legal setback for the Internet phone company in as many days.
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Gateway Inc. reported a narrowed net loss in the first quarter as it continues to restructure its operations and integrate its acquisition of eMachines.
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A patent infringement lawsuit filed by AT&amp;T against voice-over-IP telephony provider-Vonage has been settled, Vonage said late Friday.The settlement brings an unusually speedy end to&#160;the lawsuit filed by AT&amp;T on Oct. 17. It alleged Vonage wilfully infringed an AT&amp;T patent related to telephone systems that allow people to make VOIP (voice-over-Internet Protocol) calls using standard telephone devices. A breakdown in talks between the two companies over the issue led to the lawsuit, AT&amp;T said&#160;at the time.Less than a month later, on Nov. 7, the two companies said they had&#160;tentatively agreed to a settlement. At that time Vonage said it would pay AT&amp;T around $39 million under the terms of the settlement.Final terms were not disclosed on Friday when, in a brief statement, Vonage said the dispute had been settled.Vonage previously&#160;settled a patent suit with Verizon&#160;for $80 million to $120 million, depending on the results of its appeal of a court ruling on two patents, and with Sprint Nextel for $80 million. As part of the Sprint Nextel deal Vonage agreed to license more than 100 patents covering technology for connecting calls from a traditional phone network to an IP network. The Verizon settlement came after a court found Vonage had infringed upon the carrier&#39;s patents.&#160;
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MOUNTAIN VIEW, Calif. --Intuit Inc.&#39;s loss widened for the fourth quarter ended July 31, hurt by slower seasonal sales of the company&#39;s tax and finance software and an impairment charge from its decision to sell one of its businesses, the company said ...
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Personal computer maker Gateway Inc.  on Thursday posted a net loss that narrowed from a year earlier and bettered its own forecast, helped by higher PC sales and lower costs.
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Vonage Holdings Corp. is set to go  public even as the money-losing Internet phone service provider  faces high costs and growing competition, leading analysts to  call it a risky bet whose long-term fate may lie in a buyout.