CellStar Corp. said the U.S. Securities and Exchange Commission has informed it that the investigation into its compliance with federal securities laws has been terminated. “We are pleased to put this matter behind us and have believed from the beginning that the company complied fully with all securities laws and regulation,” said Alan H. Goldfield, CellStar’s chairman and chief executive officer.
Nokia Corp. said it plans to launch its GPRS handsets in North and Latin America before this year ends. The phone, a Nokia 8390, offers WAP-based mobile Internet services and will be rolled out at the Fall Comdex 2001 trade show in November.
The Japanese Telecommunications Ministry and the private sector are gradually reallocating part of the 2004 spectrum in preparation for a 4G launch in 2010. The main operators in the country had last month compiled the specifications for the technology.
Agere Systems Inc. said it plans to cut 4,000 more workers while reducing its revenue forecast for the third quarter to $920 million from $950 million. “We built our business to serve a growing market, which is instead deteriorating,” said John Dickson, Agere’s chief executive, in a statement.
Michael Dell, chairman of Dell Computer Corp., said his company is parleying with Nokia Corp. to cooperate in wireless computer networks. “We talked about the development of wireless networks and things that we could possibly do together and joint opportunities that we see together,” he said.
Nextel Communications Inc. signed a two-year deal to become the official wireless telecommunications sponsor of Major League Baseball. Under the agreement, Nextel is granted exclusive marketing rights of MLB marks and logos including those for the All-Star Game and World Series. To launch the relationship, Nextel is participating in a number of marketing activities during MLB’s All-Star Week in Seattle this month.
