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Watch Shelly’s commentary on VERIZON’s (NYSE: VZ) slowed FiOS growth and how it may be a reflection of the struggling economy.
AT&T (NYSE: T) has banned subscribers from using file sharing programs on their mobile devices. Subscribers caught using P2P applications by AT&T will have their service terminated. Like Comcast who was caught throttling broadband traffic, AT&T claims that “a small number of users of P2P file sharing applications served by a particular cell site could severely degrade the service quality enjoyed by all customers.”
ALCATEL – LUCENT (NYSE: ALU) posted a net lose of $1.7 billion. The enormous lose is nearly double what Alcatel-Lucent posted for the second quarter of 2007, a $586 million euro lose. As a result, CEO Patricia Russo and Chairman Serge Tchuruk will both step down by the end of the year, in order to make room for a new management model.
SONY’s (NYSE: SNE) profit is down 39% for the quarter. Sony has been greatly affected by rising production costs and a failing deal with mobile phone manufacturer ERICSSON. As of Monday, SONY’s stock was down almost 30% since the start of 2008.
NBC NEWS (NYSE: GE) has named Mark Whitaker the new D.C. Bureau Chief. Whitaker, a Senior VP at the Peacock and former journalist, will take over Tim Russert’s former job effective immediately. NBC News head Steve Capus noted that Whitaker was an “ideal candidate for the job.”