Wireless revenue growth has slowed at Verizon Communications, but its CFO says mobile video and M2M services will provide long-term upside once ongoing promotional battles lose steam. Fran Shammo, Verizon’s (VZ) CFO, disclosed the wireless firm’s machine-to-machine (M2M) revenue for the first time on its Q3 earnings conference call Tuesday, aiming to deflect analysts’ concern over slowing service revenue growth. Verizon’s wireless service revenue
Amid a transition that includes the sale of several large businesses, IBM reported disappointing third-quarter earnings Monday, lowered its outlook and announced that it’s selling its chip unit. Santa Clara, Calif.-based GlobalFoundries is buying the chip manufacturing unit for $1.5 billion. On Oct. 1, IBM (IBM) completed the sale of its low-end server business to China’s Lenovo for $2.3 billion. “IBM ran into an overall market for information
A Republican takeover of the U.S. Senate could set the stage for legislation that pressures the Federal Communications Commission to back off from net neutrality rules favored by Internet content companies. Republicans need to gain six seats to take control of the Senate next year. Election forecasts show Republicans with an edge in key states that they need to win to gain a majority. Republicans are expected to keep control of the House. Some