ALBANY, N.Y. (AP) - A former telecommunications industry CEO has agreed to pay $4.4 million to settle an investigation into insiders who gained windfalls in initial stock offerings, according to the state Attorney General’s Office. Clark McLeod, who had been chairman and chief executive of McLeodUSA, agreed to turn over $4.4 million in profits he was accused of receiving from the so-called act of
Source: www.startribune.com

SingTel nets S$31 mln gain from property sale 
SINGAPORE, July 31 (Reuters) - Singapore Telecommunications Ltd. , Southeast Asia’s largest phone company, said it had netted a gain of nearly S$31 million from the sale of a property.
Source: sg.news.yahoo.com

BT has today announced a series of price cuts to its fixed-line voice and broadband VoIP (Voice over IP) packages. The move follows a comprehensive review of the operators pricing:

Rambus accepts reduced award in Hynix case 
Company accepts a lower award of $133.6 million in its case seeking damages from Hynix for violating its patents on memory chips.

MetaSwitch Changes the Rules for Cable Telephony With New ‘’COMPETE!'’ Solution for Cable Network Operators 
MetaSwitch’s IMS-based Solution Featuring Cisco

Samsung launched Unlicensed Mobile Access (UMA) phone (model: SGH-P200) in Italian market. It is the worlds first commercial mobile phone to which UMA technology is applied.
Source: www.mb.com.ph

Exiting advances are in store in smart-phone technology 
Convergence is a word that we hear a lot about these days. If refrigerators can be connected to the Internet to order groceries, then one might speculate that it’s only a matter of time before cars are outfitted with espresso makers.
Source: www.bizjournals.com