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Chris Quilty of Raymond James asks about the HEIGHTS platform. CEO Stanton Sloane replied that HEIGHTS is applicable for a variety of verticals, like M&O and maritime. He added it enables the operators to control all of the peripheral devices on the network, optimize the network traffic and do that through a single platform that $CMTL provides.
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.