News Archive - February 2013
Sprint Q4 loss widens to $1.32B as Nextel customers flee
February 7, 2013
Sprint's Nextel platform lost more than 1 million subscribers, offsetting progress made by its core business. Sprint posted a loss of $1.32 billion, or 44 cents a share, compared with a year-ago loss of $1.3 billion, or 43 cents a share. Revenue, however, rose to $9 billion.
Oracle to buy network gear maker Acme Packet for $2.1 billion
February 4, 2013
Oracle Corp will buy network equipment maker Acme Packet Inc for $2.1 billion, putting it in a better position to compete with Cisco Systems Inc in moving data securely over internet networks.