Advanced TelCom Group Inc. (ATG) celebrated the grand opening of its new office at 2939 Colby Ave. in Everett Tuesday, announcing the completion of its installation of high-tech telecommunications equipment for local and long-distance telephone service and high-speed Internet options. The company offers competition to Verizon Northwest based in Everett. ATG, based in Santa Rosa, Calif., has opened offices in Bellingham, Tacoma and Olympia as well as centers in Oregon, California, Nevada, Maryland, Virginia and other states. Offering its own brand of local and long-distance telephone service for residents and businesses, plus fiber-optic broadband services and other communications options, ATG spent more than $840,000 to remodel a former title company building. Inside is a central office outfitted with several million dollars worth of new switching equipment, generators and fiber optics systems.
Chip-making giant Intel Corp.’s third-quarter profits fell 96 percent but met Wall Street expectations, despite a sluggish economy that has worsened since the Sept. 11 terror attacks. For the three months ended Sept. 29, the company earned $106 million, or 2 cents per share, compared with $2.51 billion, or 36 cents a share, a year ago.
Seattle’s Tenzing Communications has laid off half its staff, citing a slowdown in business prompted by the Sept. 11 terrorist attacks. The company, which is 30 percent owned by airplane maker Airbus Industrie, will eliminate about 80 jobs, company officials said Monday. Tenzing’s chief rival, Connexion by Boeing, earlier eliminated 200 of its 600 positions, also citing the slowdown after the attacks.
Gasoline prices have dropped significantly nationwide and in the West over the past month, according to the American Automobile Association. The association said Tuesday that across the country the average price of regular, self-serve gasoline was just over $1.34 a gallon, compared to $1.55 a gallon in mid-September. In the West, prices were down 12.5 cents to $1.61.
Seattle’s RealNetworks on Tuesday narrowly beat analysts’ expectations for the third quarter, but saw revenue drop by nearly half as the company dealt with the economic downturn. For the quarter ended Sept. 30, the maker of Internet music and video players reported a net loss of $19.4 million, or 12 cents a share, compared with a net loss of $30.8 million, or 20 cents a share, in the same period last year.
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