Here's something you might be interested in.
Ask a Hipster — Advice you didn't know you needed
Big Screen — Movie commentary
Blurt — Music's inside track
Booze News — San Diego spirits
Classical Music — Immortal beauty
Classifieds — Free and easy
Cover Stories — Front-page features
Drinks All Around — Bartenders' drink recipes
Excerpts — Literary and spiritual excerpts
Feast! — Food & drink reviews
Feature Stories — Local news & stories
Fishing Report — What’s getting hooked from ship and shore
From the Archives — Spotlight on the past
Golden Dreams — Talk of the town
The Gonzo Report — Making the musical scene, or at least reporting from it
Letters — Our inbox
Movies@Home — Local movie buffs share favorites
Movie Reviews — Our critics' picks and pans
Musician Interviews — Up close with local artists
Neighborhood News from Stringers — Hyperlocal news
News Ticker — News & politics
Obermeyer — San Diego politics illustrated
Outdoors — Weekly changes in flora and fauna
Overheard in San Diego — Eavesdropping illustrated
Poetry — The old and the new
Reader Travel — Travel section built by travelers
Reading — The hunt for intellectuals
Roam-O-Rama — SoCal's best hiking/biking trails
San Diego Beer — Inside San Diego suds
SD on the QT — Almost factual news
Sheep and Goats — Places of worship
Special Issues — The best of
Street Style — San Diego streets have style
Surf Diego — Real stories from those braving the waves
Theater — On stage in San Diego this week
Tin Fork — Silver spoon alternative
Under the Radar — Matt Potter's undercover work
Unforgettable — Long-ago San Diego
Unreal Estate — San Diego's priciest pads
Your Week — Daily event picks
Sorry, Government
Cricket Communications fined for overcharging feds
Cricket Communications, which has had a rocky history, agreed yesterday (December 1) to pay the federal government $2.17 million to resolve allegations that it overcharged law-enforcement agencies for the costs of carrying out court-ordered wiretaps and and pen registers, according to the United States Justice Department. (A pen register is a device that captures call identifying information transmitted by a particular telephone line, but not the content of the communication.)
A joint investigation by the Office of Inspector General and the United States Attorney's revealed that Cricket overcharged the government from 2007 to 2010.
Cricket was a part of Leap Wireless, which was spun out of Qualcomm in 1999. Cricket was Leap's big brand, providing wireless services. In the insane telecom stock market of the year 2000, Leap stock soared to $110.50. Two years later, things began falling apart. The economy tanked and competitive pressures squeezed the company. Debt piled up. Leap lost an arbitration decision and paid the bill by doling out stock without shareholder consent. That was one of the factors that got the stock delisted by NASDAQ. The stock cratered to as low as a dime a share. Shareholders sued, saying the company inflated the value of its wireless services.
Leap went bankrupt in April of 2003. But it emerged the following year, and on March 13 of this year was purchased by AT&T (originally American Telephone & Telegraph) for $15 a share — a long way from a dime, but a long way from $110.50, too. Cricket is now a subsidiary of AT&T.
Here's something you might be interested in.
Sorry, Government
Cricket Communications fined for overcharging feds
Sorry, Government
Cricket Communications fined for overcharging feds
Cricket Communications, which has had a rocky history, agreed yesterday (December 1) to pay the federal government $2.17 million to resolve allegations that it overcharged law-enforcement agencies for the costs of carrying out court-ordered wiretaps and and pen registers, according to the United States Justice Department. (A pen register is a device that captures call identifying information transmitted by a particular telephone line, but not the content of the communication.)
A joint investigation by the Office of Inspector General and the United States Attorney's revealed that Cricket overcharged the government from 2007 to 2010.
Cricket was a part of Leap Wireless, which was spun out of Qualcomm in 1999. Cricket was Leap's big brand, providing wireless services. In the insane telecom stock market of the year 2000, Leap stock soared to $110.50. Two years later, things began falling apart. The economy tanked and competitive pressures squeezed the company. Debt piled up. Leap lost an arbitration decision and paid the bill by doling out stock without shareholder consent. That was one of the factors that got the stock delisted by NASDAQ. The stock cratered to as low as a dime a share. Shareholders sued, saying the company inflated the value of its wireless services.
Leap went bankrupt in April of 2003. But it emerged the following year, and on March 13 of this year was purchased by AT&T (originally American Telephone & Telegraph) for $15 a share — a long way from a dime, but a long way from $110.50, too. Cricket is now a subsidiary of AT&T.
Comments