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Mark Schappel of Benchmark asks about challenges in the OpenEdge Direct business. $PRGS said while reviewing all the opportunities and their position in the sales cycle, there is a risk from timing. By looking at the pipeline and the maturity of the sales cycle, $PRGS believes it can close the required number of deals to meet its objectives.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.