Alcatel CTO to step down
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French telecom equipment maker Alcatel confirmed  that its chief technical officer, Niel Ransom, is planning to step down.
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Sprint Nextel Corp  Chief  Financial Officer Paul Saleh and two other senior executives  are leaving the company in a new management shake-up, the No. 3  U.S. mobile service said on Thursday, as it looks to stem  subscriber losses.
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Sky Dayton is giving up his role in the day-to-day operations of the hip cell phone company he started, but will remain active with the company as chairman of the board.
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The cellphone company, which lost more than a million customers in the last five quarters, named Daniel R. Hesse as chief executive on Tuesday
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(InfoWorld) - Yahoo's CTO, Farzad Nazem, is stepping down. Farzad has been with the company since 1996 and had served as CTO for the past decade, overseeing Yahoo's engineering and product development. He also served as head of Yahoo's Technology Group. He leaves as the company is struggling to compete with Google, the leader in the Internet advertising and search space. "After spending the last 26 years in this fast-paced technology industry, I've finally decided it's time to slow down," Nazem wrote Wednesday in a posting to the company's blog. No replacement for Nazem has been announced, but Yahoo co-founder Jerry Yang "will be acting as the interim executive sponsor of the Technology Group until we identify my permanent replacement," Nazem said. Nazem's resignation was disclosed in a company filing with the U.S. Securities and Exchange Commission, made Wednesday. His resignation is effective June 8, the filing states.
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Smart phone inventor sells off big stake and shuffles its board in hopes of reinvigorating product lineup amid increasing competition.
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Alcatel-Lucent  on Friday said it would cut some 12,500 jobs over three years as it reported a dip into net loss for the fourth quarter and forecast a drop in first-quarter revenues.
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EarthLink founder Sky Dayton said he&#39;s stepping down as CEO of Helio, a move that appears to be part of the plan to&#160;reduce EarthLink&#39;s position in the mobile company.Dayton will become chairman of Helio&#39;s board and Wonhee Sull, formerly Helio&#39;s president and chief operating officer, will take on the role of CEO. Sull was chief operations officer at the founding of Helio and prior to that worked for SK Telecom, which launched the mobile venture in a 50-50 partnership with EarthLink in 2006.A combination of market dynamics and challenges at EarthLink have recently led to changes in the Helio partnership. In November, EarthLink said it would reduce its ownership in Helio to about 22 percent, as part of an announcement of a new SK Telecom investment in the venture. At the time, EarthLink said it wasn&#39;t expecting to invest any more in Helio and that SK Telecom would take over operating control of the joint venture.EarthLink has been struggling&#160;as its traditional customer base of dial-up subscribers continues to shrink. It is working through a restructuring aimed at reversing its losses, including putting its municipal Wi-Fi plans on hold and cutting back on sales and marketing spending.Beyond EarthLink&#39;s troubles, Helio faces a challenging market. Mobile providers that don&#39;t own their own networks, like Helio, have struggled recently. Amp&#39;d, a similar company geared toward young mobile users, filed for bankruptcy protection and put itself up for sale in the middle of last year, but ultimately shut down. ESPN Mobile and Disney Mobile have suffered similar fates.Even though Helio has big-spending users and plenty of cash, EarthLink expects the company to report a year-end loss for 2007 of as much as $360 million on revenue of as much as $170 million. That&#8217;s after SK Telecom and EarthLink started the company with a combined $440 million. Since then, both companies have made additional investments.Helio has almost 200,000 subscribers who beat industry averages by some metrics, the company said. On average, Helio users spend more than $85 per month, compared with an industry average of $50, Helio said. In addition, Helio customers send an average of 550 text messages per month, and 95 percent of Helio users access the Web from their phones, according to the company.
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Nokia (NOK1V.HE: Quote, Profile, Research) said on Friday the head of its networks unit had resigned and another top networks executive left, in the second major shake-up
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Alcatel-Lucent  on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
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Venture capitalist who helped launch the computer maker in 1982 will step down in November.
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com September 22, 2004, 11:20 AM PT. Royal Philips Electronics announced on Wednesday that the chief of its semiconductor division will step down effective early next year.
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Tough times continue at Sprint Nextel, as the company said Thursday that three of its top executives are on their way out.CFO Paul Saleh, Chief Marketing Officer (CMO) Tim Kelly, and President of Sales and Distribution Mark Angelino will leave the company on Friday, according to Sprint Nextel. It wasn&#39;t clear if the executives were leaving voluntarily or were being let go, and company spokeswoman Leigh Horner said in an e-mail that Sprint Nextel isn&#39;t &quot;commenting further or characterizing the nature of these departures.&quot;In a press statement, Sprint Nextel President and CEO Dan Hesse thanked the three for their &quot;dedication and contributions&quot; to the company, and wished them luck in future endeavors.Sprint Nextel is looking to replace the departing executives permanently, but in the meantime their duties are being handled by existing executives.William G. Arendt, currently senior vice president and controller of Sprint Nextel, will serve as acting CFO, while John Garcia, currently senior vice president, product development and management, will serve as acting CMO. Paget Alves, currently Sprint Nextel&#39;s regional president for sales and distribution, will serve as acting president, sales and distribution. All of these executives will report directly to Hesse.The news of the executive shake-up follows the announcement last week that&#160;Sprint would be laying off 4,000 employees and the close 125 of its 1,400 retail outlets&#160;due to the net loss of more than 100,000 customers in the fourth quarter of 2007. At the end of the year, Sprint said it had 53.8 million subscribers, including 40.8 million customers of its traditional post-paid service.The company plans to announce its full fourth-quarter results on Feb. 28.While Sprint struggles, rival carrier&#160;AT&amp;T seems to be doing better, thanks to its partnership as the&#160;exclusive service provider for Apple&#39;s iPhone&#160;device. AT&amp;T&#39;s revenue was up 2.9 percent in the fourth quarter of 2007, largely driven by increases in mobile phone and broadband customers, the company announced Thursday.AT&amp;T saw a net gain of 2.7 million mobile subscribers during the quarter, and most of them came to the company through its iPhone partnership, the company said. Apple said Tuesday it sold 2.3 million iPhones during the quarter.
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LLU pioneer Sky-bound? AOL Europe's CTO Colin McQuade, described by one insider as "the last man standing", has quit the firm, which is struggling for a niche after flogging its broadband customers to Carphone Warehouse.â¦
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Telstraâs embattled chief executive resigned on Wednesday as Australiaâs largest telecommunications company prepared for the A$30bn sale of the governmentâs remaining shareholding.
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Motorola Inc. on Wednesday said its No. 2 officer, who had been passed over for the chief executive post, will resign at the end of January to seek a top spot with another company.
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Sprint Nextel Corp  said on  Thursday Chief Financial Officer Paul Saleh and two other top  executives would leave the company in a new management shake-up  as the No. 3 U.S. mobile service grapples with subscriber  declines.