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APKT Plunges 18% – Cuts Q4 View on Telco Issues

Shares of networking equipment vendor Acme Packet (APKT) were halted just before the company announced its Q4 results will fall short of prior expectations as a result of “uncertainty” among its telco customers in North America. Acme now sees 2011 revenue in a range of $308 million to $310 million, down from the prior range [...]

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Google’s Penny Pinching Is Costing It Customers

In October, Google announced that it would begin charging heavy commercial users of its Google Maps service in 2012, in order to

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Auto Loan And Credit Card CDOs In Hiding

The press has focused on mortgage-based CDOs and the huge write-offs that investment banks and commercial lending companies have had to take because of the subprime market falling apart. Morgan Stanley (MS) said, when it announced its $10 billion write-off with last quarter’s earnings, that its exposure to mortgage instruments was now under $2 billion. [...]