Tag Archives: SBC

Verizon Leaves The Dow, Ending A 110-Year Bell System Run

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Verizon is leaving the Dow Jones Industrial Average, and Alphabet is taking its place. At first glance, this is just a routine index change. The Dow is price-weighted, Verizon’s share price is low, and Alphabet gives the average more exposure to the businesses that now dominate the communications sector: search, cloud, artificial intelligence, YouTube, Android and digital advertising.… Read More »

Ma Bell Great-Grandchild Avaya Files For Bankruptcy

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Burdened by debt since its private equity buyout a decade ago, Avaya has filed for Chapter 11 bankruptcy.  The telecommunications software and hardware company posted a loss of $750 million for its most recent fiscal year. It is burdened by $6.3 billion in debt and $400 million in annual interest expense. “Avaya’s current capital structure is over 10… Read More »