NEW YORK—Merrill Lynch downgraded Intel Corp. to “neutral” from “strong buy” as the company prepared for its mid-quarter conference call. Analyst Joe Osha said he downgraded the chipmaker because of …
NEW YORK-Texas Instruments reaffirmed its second-quarter outlook, hoping for a 10-percent leap from the first quarter, although Merrill Lynch downgraded its shares to “neutral” from “buy.” The company says it …
STAMFORD, Conn.—SmartServ Online Inc. said it has completed an initial round of equity financing, which includes the sale of common stock for $1.1 million and warrants to purchase additional common …
STOCKHOLM, Sweden—Shareholders of equipment vendor Ericsson AB have approved a $3.1 billion rights issue to help the company through uncertain times. Like Nortel Networks, Motorola Inc. and Lucent Technologies Inc., …
ATLANTA—Wireless data company Numerex announced it will create a cross-carrier messaging system through a new deal with MobileSpring Inc. and VeriSign Inc. Numerex will use MobileSpring’s Metcalf Global Messaging product …
VANCOUVER, British Columbia—Wireless modem maker Sierra Wireless cut its revenue forecasts due to problems with its supply agreement with AT&T Wireless Services Inc., causing investors to drop its stock and …
LONDON—Network operators need to focus on more than technology availability in order to see an increase in worldwide adoption of wireless services, according to a recent report from the Global …
WOODBURY, N.Y.—Stocks in messaging company Comverse Technology Inc. were up slightly after the company released a sluggish first-quarter report, but several analyst firms downgraded the company. Comverse reported a net …
WASHINGTON—The White House will host a high-tech summit next Thursday. The meeting between President Bush and high-tech industry executives is expected to include discussion about where the administration is headed …
ATLANTA—EMS Technologies Inc. said it filed a patent infringement lawsuit against LGC Wireless Inc. in the U.S. District Court for the Northern District of Georgia in Atlanta seeking monetary damages …
WAYNESBORO, Va.—Ntelos Inc., Waynesboro, Va., a regional wireline and wireless telecommunications provider, has received a downgrade from Moody’s Investors Service Inc. on the speculative-grade rating of approximately $605 million in …
MONROE, La.—CenturyTel’s founder and chairman of the board Clarke M. Williams died June 5 at age 80 following a lengthy illness. Williams grew CenturyTel from the Oak Ridge Telephone Company, …
NEW YORK-CellStar Corp., a Carrollton, Texas-based distribution and logistics provider to the wireless communications industry, said June 5 it plans to exit Argentina, Peru and the United Kingdom “as soon …
WASHINGTON, D.C.—The Cellular Telecommunications & Internet Association announced election results for its new board of directors and executive committee for 2002-2003. Nextel Communications’ Tim Donahue was made chairman, Scott Ford …
NEW YORK—Trade associations UMTS Forum and 3G Americas announced they have signed a letter of understanding to “support each other globally through educational and promotional activities to increase the visibility …
CLINTON, Miss.—Following weeks of speculation, WorldCom Inc. officially announced it is exiting the wireless resale business and laying off about 2,200 related employees. “After carefully assessing our business and the …
WASHINGTON—The Republican version of a spectrum-reform bill will not be ready until late this year at which time it will be melded with a Democratic version, said Sen. Conrad Burns …
ATLANTA, United States—U.S. company Inet Technologies said it deployed its short message service tracking and billing technology for Globe Telecom in the Philippines. The solution will help Globe validate interconnection …
WASHINGTON—InPhonic Inc. has deployed its patent-pending, two-way short message service technology in tandem with eBay to provide a real-time alerts and interactive response service called “Wireless Rebidding” that eBay subscribers …
ATLANTA—Air2Web announced it is developing new mobile solutions for Magnet Communications’ Internet Banking Suite to allow corporate banking customers to manage accounts and receive alerts on wireless devices. “Businesses want …
