Oxygen hasn't nailed down the $3 billion it needs to fund the first phase of its project, but officials say they hope to close a package of equity investments and loans by the end of the year. An ambitious project to drape the globe in fiber optic cable may bring half the world into the high-speed future and change the way bandwidth is sold worldwide. But there is a growing string of red-letter ifs in the plans for Project Oxygen, which was conceived last year by New Jersey entrepreneur Neil Tagare.
CNET también está disponible en español, Don't show this again, Lucent Technologies announced it has acquired the remaining 80 percent of WaveAccess, a wireless communications specialist, for $50 million, In May, Lucent acquired a 20 percent stake in the firm, The remaining 80 percent stake is expected to result in a one time charge, taken no later than Lucent's March 31, 1999 quarter, Be respectful, keep it civil and iphone screen protectors reviews stay on topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..
CNET también está disponible en español. Don't show this again. The company's stock was up about 15 percent for the day in heavy trading. Newbridge is still, however, far off its 52-week high of 46.5. Two investment banks upgraded the stock following the news. Merrill Lynch boosted Newbridge's stock from "neutral" to "accumulate" today while SG Cowen raised the stock to "strong buy" from "buy.". Excluding one-time gains, the company earned $47.6 million, or 18 cents a share, for its second quarter, in line with analysts' consensus estimates. Newbridge earned $58 million, or 23 cents a share, for the same period a year ago.
Stock in the high-end network equipment provider jumps following news of a large customer contract in China and strong second quarter earnings, Despite showing a 18 percent decline in quarterly profit, Newbridge reaped Wall Street rewards of a potentially large purchase of equipment by China Post, the state-run postal service for the People's Republic of China, Be respectful, keep it civil and stay on topic, We delete comments that iphone screen protectors reviews violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..
CNET también está disponible en español. Don't show this again. Pegasus Communications, one of the largest independent providers of DirecTV, will make a $100 million private offering of senior notes. The company, which operates ten television stations and a Puerto Rican cable system, will use the proceeds to finance more direct broadcasting system acquisitions and to repay loan debt. The Pegasus satellite unit serves 425,000 customers in 36 states. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
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