Standard & Poors has issued a B-minus corporate credit rating for Qwest, despite a recent debt swap by the company. The rating reflects bondholders' dissatisfaction with the deal, as well as concern over future chanllenges for long-distance carrier.
A New Jersey man has developed a system that allows people to answer the telephone by saying "answer phone," rather than picking it up. The inventor said he had grown tired of not being able to answer the phone before it stopped ringing.
The number of U.S. Internet users who signed up for cable broadband or DSL service jumped by 50% in 2002, according to data from InStat/DRM. The increase in subscribers came despite rising prices for both types of connections.
The WorldCom bankruptcy may mark the end of the telecom turmoil, an analysis says. Some companies -- particularly niche players -- survived the telecom downturn and are beginning to prosper, the report adds.