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John Janedis of Jefferies asks about advertiser demand for VoD and opportunities there. COO Burton Jablin said $SNI has seen growth in VoD and advertising demand but it remains small. As the number becomes more meaningful in terms of the number of people using it, $SNI expects to see some ad revenue there.
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.