Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.

Click here for wireless ratings from past weeks from RCR Wireless News.

• Pacific Growth Equities initiated coverage on Texas Instruments Inc. with a neutral rating.

   

• RW Baird cut its estimates on OmniVision Technologies Inc. on concerns about business in mainland China. For 2007, it now expects EPS of $1.46 rather than $1.60 and for 2007 it expects EPS of $1.35 rather than $1.55. Pacific Growth Equities initiated coverage on the company with a neutral rating

   

• Prudential Equity Group raised its rating on STMicroelectronics to overweight from neutral due to potential margin expansion, good shareholder value creation, and wireless product/market cycles.

   

• Standard & Poor’s Ratings Services raised its ratings on Intermec Inc. to BB- from B+. The firm said the upgrade reflects expectations that Intermec will sustain current levels of profitability and leverage. S&P said the outlook is stable.