There's nothing like a little government contract-love to fill company coffers with some tasty greenbacks. Verizon has apparently secured a $678.5 million contract to provide network infrastructure and services to help the US Department of Homeland Security respond more quickly and reliably to emergencies. As part of the US General Services Administration's (GSA) $48 billion Networx [...]

With the ouster of Lee Kun-hee as the company's chariman last month, Samsung's getting back in to the swing of things. Samsung announced today that its CEO Yun Jong Yong has stepped down from the top position at South Korea's largest company. To fill the newly vacant position, Samsung has named a new CEO to [...]

Following on the release of financial reports outlining Sprint's drain-circling demise into red-ink hell, Sprint's CEO Dan Hesse has made some significant moves to help stem further losses. The troubled chief has decided to lay off about 4,000 employees across the US and plans to close retail store locations as well as cutting monthly wireless [...]

Things are looking worse and worse for our favorite WiMAX-pusher. Sprint has just announced its 1Q 2008 financial results (PDF link), and they're a doozy. The No. 3 US wireless carrier lost 1.09 million subscribers in the last quarter, with net revenue taking a 9% dive to $9.3 billion in the same period last year. [...]

With Helio burning through cash like it's going out of style, the youth-targeted MVNO could really use a helping hand. And, what better way to position yourself as the premier MVNO in the US than to buy up your closest rival. Reports are circulating that SK Telecom, Helio's only remaining parent company, and Virgin Mobile USA [...]

It looks like Sprint just didn't have what Qwest wireless wanted from an MVNO network lease partner. Making good on previous speculation that Qwest was preparing to drop Sprint and sign up with Verizon Wireless, Qwest has announced that, come this summer, Big Red will be providing wireless airtime to Qwest's wireless subscribers. The move [...]

It just doesn't seem to be getting easier for our favorite No. 3 US wireless provider. Following on their WiMAX-based XOHM network's launch delay and amid rumors that T-Mobile USA parent Deutsch Telekom is looking to buy up the flagging wireless carrier, Sprint has been hit hard with a debt downgrade. Timed coincidentally with the [...]

There's no amount of legal battling or even a federal trade embargo that's going to keep this chip-making giant from rising to the top. Case in point, Qualcomm's latest financial statements show that, despite all the legal costs associated with fighting IP battles the world over, the company has managed to rake in $2.61 billion [...]

Rocked by scandal and fraud investigations, Samsung's CEO Lee Kun-hee has announced his resignation as Chief of Samsung. Following a tax evasion indictment, Lee will be relinquishing control of the Samsung Group after 20 years at the helm. "(I) deeply apologise for causing concern to the nation and will take full responsibility for that," said Lee. Lee's [...]

So, what was the biggest barrier to entry for potential iPhone customers in the UK? By the looks of it, it was the price. Following the £100 price cut on iPhones from O2 UK, O2 and Carphone Warehouse retail locations are reporting that iPhone stock is selling out like it was launch day all over again. [...]