Update: Nortel is posting its Q4
Update II: Nortel also provided details about yet another financial restatement - this one focused on an extensive review of many contracts last year to comply with more conservative accounting practices.
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Thursday, March 9
by
Mark Evans
on Thu 09 Mar 2006 09:39 PM EST
Nortel is holding a teleconference tomorrow (Friday) at 8 a.m. with CEO Mike Zafirovski, CFO Peter Currie and v.p. of investor relations Terry Glofcheskie. The Webcast can be found here. Maybe it's the overview of the company's $1.9-billion R&D plans that Mike Z. talked about a couple weeks ago at a RBC conference in Whistler. Maybe it's an acquisition.
Update: Nortel is posting its Q4 Update II: Nortel also provided details about yet another financial restatement - this one focused on an extensive review of many contracts last year to comply with more conservative accounting practices.
by
Mark Evans
on Thu 09 Mar 2006 02:37 PM EST
For people pining for a cool device that lets you watch your TV while away from home, Slingbox is coming to Canada on March 30. If Rogers and Bell are concerned about the amount of traffic travelling over their networks, wait until consumers start streaming TVs shows and movies to remote locations.
by
Mark Evans
on Thu 09 Mar 2006 11:52 AM EST
I'm don't know Google's vice-president of investor relations but he/she may want to polish their resume in the wake of several embarassing financial stumbles recently. Earlier this week, the company "accidently" released projections about its growth during an analyst conference. Then, Google disclosed a $90-million click-fraud settlement - a week after CEO Eric Schmidt dismissed click-fraud as not a problem. All this from a company that has been loathe to offer investors with sufficient guidance. As much as Larry Page and Sergey Brin want to operate Google as an un-business, it is the world's highest-profile publicly-traded company and, as a result, it has to become "mature" about how it operates and deals with investors. As an aside, Henry Blodget rails that Google released its settlement news on its blog, while Mathew Ingram offers that this isn't a problem if it's done to complement other disclosure tools. Update: Scott Karp makes an excellent point about advertisers losing their faith in online advertising - at least the paid-placement component - if click-fraud becomes a bigger problem. I don't, however, share his pessimism about the online ad market.
by
Mark Evans
on Thu 09 Mar 2006 07:44 AM EST
Now that Shaw Communications has replied to Vonage's complaint about the cableco's $10/month "VoIP Tax", maybe just maybe the CRTC will finally have an excuse to address the net neutrality debate that has been rumbling south of the border. So far, the CRTC's official policy has been it will examine the issue if and when it receives a complaint, which strikes me as far too laissez fare given the importance of this issue. At the heart of Vonage's complaint is the Internet's evolution into a two-tier system: better service (upstream and downstream) for those who pay, and best-effort service for those who don't. The CRTC should waste no time in jumping on Vonage's filing because Canada's broadband carriers are chomping at the bit to launch new sources of revenue. For more, check out Michael Geist.
One more thought about Toronto Hydro's plan to roll out a Wi-Fi network over the next three years: what happens if this service sparks a huge pick-up in mobile VoIP usage? Let's say you use a mobile phone within the city 95% of the time. Why get a mobile phone or a Blackberry if you can use a Skype-enabled phone? For all the talk about mobile VoIP, this could be where the action happens, and something that has to concern wireless cariers. |
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