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Jacob Alexander, the former chief executive of Comverse, who is forfeiting $47 million in a settlement of civil charges.7 51 p.m. | Updated Jacob Alexander, the one-time chief of a telecommunications software maker who fled to Namibia to avoid charges related to stock option backdating, has agreed to forfeit nearly $48 million to settle a civil action by federal prosecutors.
This had nothing to do with Hopkins, but it is more bad news for the one-time high-flying seller of telecommunications systems.
The results contained no surprises largely because Microsoft announced its overall results on July 11, when it disclosed that it was taking a one-time charge of $2.6 billion for losses on its investments in telecommunications and cable television companies.
The latest results reflected some one-time charges, including a $504 million write-down on telecommunications investments and $200 million for space-related ventures.
The telecommunications carrier NTT DoCoMo said it would take a one-time charge related to taxes, cutting its profit for last year by 27 billion yen ($226 million).
Verizon Communications, the telecommunications company, said Thursday that its earnings declined 75 percent in the first quarter, brought down in large part by the one-time tax effect of the health care overhaul bill.
(Another "one-time sale").
The RCN Corporation, a telecommunications and data services provider, yesterday reported a quarterly net loss that widened from a year earlier, when the company recorded a one-time $75 million gain from the early retirement of debt.
The smallest one-time showing?
A big one-time loss.
Calculate one-time interest.
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