Cleawire Price TUMBLES and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T) and National LambdaRail (NYSE:NLR) took today to jointly announce its first big step toward a networking solution which should virtually connect major cancer centers, universities, medical schools, research hospitals, laboratories and other institutions across the United States, which should help transform the healthcare industry’s ability to diagnose, prevent, treat and/or manage illness and medical conditions of all kinds. The shares traded up $0.74 (2.14%) recently at $35.37.
Level 3 Communications Inc. (NASDAQ:LVLT) Q2 loss narrowed while the network-services company’s revenue increased, and it posted smaller charges. The company has posted a number of quarterly losses for years, although it saw improvement to revenue every quarter in 2011. Last year, the company’s acquisition of fellow long-haul Internet provider Global Crossing is expected to expand the global reach of the company as well as reducing costs. Also, Level 3 has finished the sale of its coal-mining business, which is part of its strategy to focus on core business. As an attempt to expand market presence, Level 3 has launched a new data-center service in Latin America earlier in the month and it France last month. Level 3 reports Q2 EPS (29c), consensus (27c) The shares traded down $2.22 (10.87%) recently at $18.20.
Alcatel-Lucent, S.A. (NYSE:ALU): After a buyer in Florida entered into a contract with the company, people located in Holmdel found hop that an important ratable and employer would be revived. However, a township official states that there is nothing to report. The shares traded down $0.02 (2.29%) recently at $1.07.
Juniper Networks, Inc. (NYSE:JNPR) and Riverbed (NASDAQ:RVBD) have announced a licensing deal causing Radware (NASDAQ:RDWR) to sink. Beneath the deal’s terms, Juniper is to license Riverbed’s application delivery controller, ADC, technology, named Stingray, for approximately $75 million. The shares traded up $1.74 (11.78%) recently at $16.56.
Clearwire Corporation (NASDAQ:CLWR), an unprofitable company attempting to build a wireless network across the U.S., dropped lower than $1 in trading Tuesday due to concerns that it is running out of money. The shares traded down $0.02 (2.17%) recently at $0.90.
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