Changes: Vonage and Alcatel-Lucent reshuffle, Moto goes to pieces, and BT makes a big bet
July 31, 2008
After a fairly slow month, news finally heated up in the last few days of July with news that Vonage has replaced its interim CEO with Marc Lefar, a telecom marketing guy. Marc comes from a stint as chief
marketing officer of Cingular Wireless. Hopefully, he’ll be able to kick up sales in his new job as the head of one of the most recognizable VoIP companies.
Alcatel-Lucent is also making changes at the top, with both CEO, Patricia Russo, and Chairman, Serge Tchuruk announcing that they will leave by years end. Pressure had been mounting due to a slump in equipment sales following the recent merger of the two companies.
Motorola is going to pieces - by design. In preparation for the possible spin off or sale of business units, Motorola reorganizing its mobile devices and Home & Networks Mobility units. Motorola posted a small net profit for the quarter an improvement over a 28 million dollar loss in the same period last year.
British Telecom has picked up Ribbit, which bills itself as Silicon Valley’s first phone company. Ribbit is a voice 2.0 company which enables developers to add voice applications to all sorts of devices and programs. BT purchased Ribbit for a whopping $105 million.
Here at Telecom Monthly, we like change - it gives us something to blabber on about.
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