LIBERTYVILLE, Ill.-Motorola Inc. said Brightstar Corp. will serve as its master services distribution partner in the United States for mobile phones. Brightstar, which is Motorola's authorized distributor in Latin America, has been working with the company in the United States for about four years.Under...
CALGARY, Alberta, Canada-CSI Wireless said Brightstar Corp. placed additional orders for its fixed-wireless phones, the Motorola Inc.-branded FX800. The orders represent a significant demand increase compared with the second half of last year, said CSI."These orders are a clear signal that demand has recovered,"...
PLAINFIELD, Ind.-Mobile-phone distributor Brightpoint Inc.'s stock plummeted almost 20 percent following the release of its fourth-quarter financial results, despite the seemingly positive news.Revenue for the fourth quarter totaled $547 million, up 60 percent from $342 million reported for the fourth quarter of the previous...
ATLANTA-Several wireless-related companies started the New Year with reports of new funding.c DoOnGo technologies Inc., provider of over-the-air mobile device software management, announced it closed $18 million in venture capital funding, which it plans to use for product development, business expansion in the United...
MIAMI-Brightstar Corp. said it has raised more than $61 million in gross proceeds through a private placement of securities. Brightstar plans to use the funds, raised from investors including Falcon Investment Advisors, Prudential Capital Group, Grandview Capital Management and Ramius Capital Group, to continue...
SAN DIEGO-Leap Wireless International Inc. reported a deal with Brightpoint Inc. subsidiary Brightpoint North America L.P. would provide integrated logistic services to Leap's Cricket Communications Inc. wireless operations. Brightpoint said it would provide a variety of services to Cricket, including inventory management, product fulfillment...
PLAINFIELD, Ind.-Brightpoint Inc. has reached an agreement with the Securities and Exchange Commission to settle the investigation that was being conducted by the commission.Under the settlement, the company has entered an administrative order to cease and desist from violations of the anti-fraud, books and...
During the past five years, Viastar Technologies has grown from a two-man, home-based operation into a business that accounts for 130 employees in three facilities.Philadelphia-based Viastar Technologies repairs and refurbishes wireless devices and components, a business that can assist carriers in reducing the costs...
INDIANAPOLIS-Brightpoint Activation Services L.L.C. signed an agreement with Nextel Communications Inc. to provide wireless voice and data products and value-added support programs to Nextel agents and dealers in the United States.Brightpoint added that through its Accesspoint Dealer Network program it will offer current and...
NEW YORK-A bright spot for Brightpoint Inc., the Indianapolis-based wireless products distributor, has come from Standard & Poor's Corp., which revised to stable from negative its outlook on the company's $10 million in outstanding debt."The outlook revision reflects the company's improved profitability and financial...
CALGARY, Alberta-CSI Wireless Inc., which offers GPS and wireless technology products for automotive, consumer and commercial applications, said it won a $12.5 million order from Brightstar Corp. for its fixed-base wireless telephone. The deal comes after a previous Brightstar order of $20 million.
LIBERTYVILLE, Illinois, United States-Motorola said it signed a licensing agreement with Latin American distributor Brightstar. The agreement allows Brightstar to develop, manufacture, distribute and sell CDMA and TDMA 800 MHz fixed wireless products under the Motorola brand.The agreement includes all of South America, Mexico,...
CHICAGO—Thieves broke in to Brightstar Corp.'s Vernon Hills, Ill., warehouse May 5 and stole potentially millions of dollars in mobile equipment.Brightstar distributes wireless products throughout the world.Brightstar confirmed that a burglary took place, but declined to comment on how the perpetrators got in to...
MIAMI—Brightstar Corp. announced the launch of Brightstar Chile, a new subsidiary in Chile. The company now operates subsidiaries in 12 Latin American countries, including recent facility openings in El Salvador and Guatemala."Our growth mirrors the needs of our customers. The closer we are to...
INDIANAPOLIS—Brightpoint Inc. announced its earnings for the first quarter, ended March 31, will fall below expectations disclosed January 31.Now, the company expects net loss per diluted share from operations to range from 23 to 25 cents, although it said that number will change to...
NEW YORK—Moody's Investors Service Inc. has downgraded the debt of Brightpoint Inc., Indianapolis, citing the "recent decline in profitability" of the company and the "uncertainty associated with growth in the wireless handset market over the next several quarters."In its announcement after the close...
INDIANAPOLIS—Brightpoint Inc. announced its subsidiary Brightpoint North America L.P. has entered an agreement with Handspring Inc. to provide distribution services in the U.S. Brightpoint will distribute Handspring products including the Treo compact communicator and will also provide integrated logistics services related to the Treo...
INDIANAPOLIS—Brightpoint Inc. said it has completed the formation of the joint venture with Hong Kong-based Chinatron Group Holdings Ltd. it announced last October.Brightpoint gave Chinatron a 50-percent interest in Brightpoint China Ltd. in exchange for $10 million worth of preference shares of Chinatron. In...
INDIANAPOLIS—Brightpoint Inc. said it showed a net loss of 83 cents per share on revenues of $409 million for the fourth quarter of 2001, compared with a year-ago net income of 31 cents per share on revenues of $520 million. The company added that...
LOS ANGELES-Purchasers of Brightpoint Inc. common stock have filed a class action lawsuit against the company, alleging false and misleading statements were made regarding the financial condition and state of the company.Law firm Weiss & Yourman will represent the plaintiffs-purchasers of Brightpoint stock between...
LOS ANGELES—Purchasers of Brightpoint Inc. common stock have filed a class action lawsuit against the company, alleging false and misleading statements were made regarding the financial condition of the company.Law firm Weiss & Yourman will represent the plaintiffs—purchasers of Brightpoint stock between January 29,...
MIAMI, United States—Brightstar and Cable & Wireless signed an agreement that will require Brightstar to provide Cable & Wireless with product distribution and tracking, among other fulfillment services.Under this agreement, Brightstar will service 13 Cable & Wireless companies in the West Indies.
MIAMI—Brightstar Corp. and Cable & wireless have signed an agreement that will require Brightstar to provide Cable & Wireless with product distribution and tracking, among other fulfillment services.Under this agreement, Brightstar will service 13 Cable & Wireless companies in the West Indies.
INDIANAPOLIS—Mobile phone distributor Brightpoint Inc. announced its board of directors has approved a restructuring plan that it believes will enhance the company's long-term profitability.The company plans to discontinue its operations in Brazil, Jamaica, South Africa, Venezuela and Zimbabwe by selling or otherwise disposing of...
