So much goes on in the telecom world it's hard to keep track of it all. Just in case you blinked at some point in the week, we're here with a slightly irreverent recap of the hottest stories in telecom this week.
I need MySpace
For the 80 million MySpace fans who visit the site each month, News Corp.
You say Helio, EarthLink says hell no
Speaking of Helio, South Korean operator SK Telecom announced it is infusing another $270 million into the venture. EarthLink pulled nothing but lint out of its pockets, however, leading to speculation that SK Telecom may take a larger stake in Helio. Struggling EarthLink was happy to stiff SK Telecom with the check, as it has its own problems with red ink spilling all over its financials.
$375 Million for a Virgin
Virgin Mobile USA updated investors this week with the expected price range of $15 to $17 per share for its upcoming IPO. Virgin is hoping to net $375 million from the public offering, while partner Sprint Nextel
Vonage soon to be Voffage?
Things went from bad to worse for Internet telephony provider Vonage this week. A jury ruled that Vonage violated six patents owned by Sprint Nextel and directed the company to pay $69.5 million in damages plus a 5% future royalty on revenue. Only a day later, an appeals court upheld the ruling that Vonage violated two out of three patents owned by Verizon Communications
Fool contributor Dave Mock takes his coffee hot, his ice cream cool, and his pillows fluffed. He owns no shares of companies mentioned here. Dave is the author of The Qualcomm Equation. The Fool's disclosure policy never goes out of style.