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Qwest Communications 3Q Earnings Fall Six Percent   October 29, 2009 7:07AM     Qwest fell behind CenturyLink into fourth place among U.S. phone companies by number of lines in service. AT&T and Verizon are the two largest. Qwest ended the third quarter with roughly seven million lines, down 12 percent from a year ago. It pointed to progress expanding its broadband service, where it added 28,000 subscribers.   Related Topics Qwest Communications Verizon ATT Earnings Broadband Latest News Plasma-TV Ban Could Be Costly Barnes & Noble Nook Is Delayed Flat PC Shipments Hurt Dell's Stock Ballmer Says Windows 7 Sales Good New Pogoplug 'Cloud' Gets Social Qwest Communications International Inc. reported a 6 percent drop in third-quarter profit Wednesday as customers continue to give up traditional landline telephones. Qwest has been struggling to find ways to grow sales as its industry shrinks. It offers local phone service in 14 Western states and customers have been siphoned off by competition from cable and cell phone providers. This summer it fell behind CenturyLink into fourth place among U.S. phone companies by number of lines in service. AT&T Inc. and Verizon Communications Inc. are the two largest. Qwest ended the third quarter with roughly 7 million lines, down 12 percent from a year ago. It pointed to progress expanding its broadband service. It added 28,000 subscribers, bringing the total up 6 percent to nearly 3 million. The company, based in Denver, said it earned $136 million, or 8 cents per share, in the three months ended Sept. 30, down from $145 million, or 8 cents per share, a year ago. Excluding a penny-per-share charge for severance costs and other unusual expenses, the company would have earned 9 cents. On that basis, earnings edged past expectations. Analysts polled by Thomson Reuters, who typically exclude special items, expected earnings of 7 cents per share. The company's stock rose a penny to $3.46 in morning trading. Revenue fell 10 percent to $3.05 billion from $3.38 billion a year ago, shy of the average forecast of $3.07 billion. The company also said it expects full-year earnings before interest, taxes, depreciation and amortization to hit the top end of its previous forecast, which called for a range between $4.25 billion and $4.4 billion. It trimmed its full-year forecast for capital spending to $1.6 billion from $1.7 billion.   © 2009 Associated Press/AP Online under contract with YellowBrix. All rights reserved.   Advertisement  Communications 1.   Palm Pixi Is Stylish But Sluggish 2.   AT&T Fires Back at Verizon with Ad 3.   Court To Hear AT&T, Verizon Ad Fight 4.   Apple Gets iPhone OK in South Korea 5.   Palm Tries To Find Smartphone Niche

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Network Security Spotlight

House Lawmakers Push Ban on Peer-to-Peer Software Stung by an embarrassing electronic leak revealing ethics investigations into dozens of lawmakers, Congress moved to prohibit federal employees from using the file-sharing software blamed for the disclosure.   GAO: Los Alamos Computer Security Has Weaknesses Security weaknesses uncovered in Los Alamos National Laboratory's computer network increase the risk of a classified-information breach, says the Government Accountability Office.   Computer Security Firm Fortinet Plans IPO This Week Fortinet plans to go public in an initial public offering, giving investors a chance to tap a network security provider with sales that are expected to grow. The IPO could be valued at $137.5 million or more.

Enterprise Hardware Spotlight

Flat Shipments Hurt Dell Despite Increased Earnings Dell's earnings are up and expectations are solid, but the company's stock still took a hit after analysts signaled the company isn't playing a key role in the PC market recovery.   New Pogoplug 'Personal Cloud' Does Social Networking Cloud Engines has released its newest version of the Pogoplug, a small "multimedia sharing device" that connects hard drives to the Internet and allows a user to access the files remotely.   Apple Tablet Rumored Delayed as Publisher Gears Up There have been so many rumors of an Apple tablet that it has taken on legendary status. But now the legend is being revised with reports of a delay and that a major publisher is getting ready.

Enterprise Technology Spotlight

Flat Shipments Hurt Dell Despite Increased Earnings Dell's earnings are up and expectations are solid, but the company's stock still took a hit after analysts signaled the company isn't playing a key role in the PC market recovery.   Smartphones: A Bigger Target for Security Threats Smartphones are increasingly prevalent and adept at handling more tasks, including trading stocks, paying bills, and buying stuff online. That makes them attractive to thieves and hackers.   FBI Says Hackers Targeting Law Firms, PR Companies Hackers are targeting law firms and public relations companies with a sophisticated e-mail scheme that breaks into their computer networks to steal sensitive data, often linked to large corporate clients.

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