VoIP Providers Seek Extension on 911
Internet phone providers have asked federal regulators to extend a disconnection deadline that could lead to tens of thousands of customers losing service. The Federal Communications Commission has set a Monday deadline for providers of Internet-based telephone services -- known as voice over Internet protocol -- to get acknowledgments from customers that they understand the problems they may encounter when dialing 911 in emergencies. VoIP providers are expected to disconnect service on Tuesday to people who have not responded. The providers have requested an additional 90 days to obtain confirmations.
Nokia, Motorola Widen Phone Market Share
Nokia and Motorola, the world's two largest cell phone makers, increased their share of the global market in the second quarter as Siemens continued its exit from the business and smaller rivals failed to keep pace. Nokia's share rose to 31.9 percent, from 30.4 percent in the previous quarter and 29.6 percent a year earlier, researcher Gartner said. Motorola's market share rose to 17.9 percent, from 16.8 percent in the first quarter. Samsung's share slipped below 13 percent, and Siemens's fell to less than 5 percent.
Global mobile phone sales rose 5.5 percent in the second quarter from the previous three months, Gartner said.
HP to Buy Back $4 Billion in Shares
Hewlett-Packard says it will spend $4 billion buying back shares. The money will add to the $800 million that remains under a previous repurchase program, the company said. In the three quarters ended July 31, the company bought back $2.1 billion of shares.
Hewlett-Packard also said it plans to bring back $14.5 billion in overseas earnings in the next two quarters. It plans to use some of that money for "strategic acquisitions," chief executive Mark V. Hurd said.
Vonage Reportedly Ready to Go Public
Vonage Holdings, the biggest provider of Internet-based telephone service, is planning to go public, according to new reports by the Wall Street Journal and others.
The Edison, N.J., company is looking to raise $400 million to $600 million and plans to register its deal with the Securities and Exchange Commission within the next six weeks.
Vonage declined to comment about the reports.
Kodak to Cut 1,000 Positions, Close Plants
Eastman Kodak will eliminate about 1,000 jobs in the United States and China in an acceleration of its shift to digital imaging. Kodak will close a paper plant and a chemical facility in Rochester, N.Y., as well as cut output at a film plant in Xiamen, China. The actions, as well as shutting a West Virginia plant obtained through the acquisition of Creo, will cost about $181 million, the company said.
Compiled from staff and news service reports.