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Sierra’s Voq available via Intel dealer program

VANCOUVER-Sierra Wireless announced the Voq Professional Phone is now available via Intel's Product Dealer program through which CellStar Corp. will distribute the phone to channel partners nationwide. Through the program, TigerDirect, a Systemax company, and Tech Depot, an Office Depot company, are selling the...

Merrill Lynch downgrades Motorola

Merrill Lynch & Co. downgraded Motorola Inc., citing "increasing weakness" at its mobile-phone division that puts its third- and fourth-quarter sales at risk.Analyst Tal Liani pointed to excess inventory of mobile phones in China and competition from new cell phone models in the second...

SIM cards get smarter

As North American wireless service providers increasingly tout value-added services in an attempt to differentiate themselves from the competition, widespread 32-kilobit subscriber identity module cards are being replaced with more capable 64k SIM cards, a trend that mimics what occurred in Europe a year...

Brightstar files for $115 million IPO

Distributor Brightstar Corp. is planning an initial public offering of up to $115 million, according to a new filing with the U.S. Securities and Exchange Commission.The company plans to use any proceeds from the offering for potential acquisitions of and investments in other businesses,...

Brightstar plans $115M IPO

Distributor Brightstar Corp. is planning an initial public offering of up to $115 million, according to a new filing with the U.S. Securities and Exchange Commission.The company plans to use any proceeds from the offering for potential acquisitions of and investments in other businesses,...

Midwest to launch CellStar Web viewer

CARROLLTON, Texas-CellStar Corp. announced Midwest Wireless will be the first carrier to launch its PocketSurfer wireless Web viewer. The device uses Bluetooth technology to connect wirelessly to a cellular handset for fast wireless access to the Internet. PocketSurfer features a full VGA-width, 640-pixel, color...

Midwest Wireless to launch CellStar’s Web viewer

CARROLLTON, Texas-CellStar Corp. announced Midwest Wireless will be the first carrier to launch its PocketSurfer wireless Web viewer. The device uses Bluetooth technology to connect wirelessly to a cellular handset for fast wireless access to the Internet. PocketSurfer features a full VGA-width, 640-pixel, color...

CellStar bracing for changes in China

A perfect storm of challenges in China, combined with chipset shortages in the United States and one less carrier customer all contributed to lower second-quarter revenues for CellStar Corp. Foremost, CellStar is bracing to take on "significant changes in the handset market in China,"...

Multiple impacts cause CellStar revenues to decline

CARROLLTON, Texas-CellStar Corp.'s second-quarter financial results reflected declining revenues across all three of its regions.Revenues for the second quarter totaled $345.4 million, down from $415.5 million in the second quarter of 2003 and $471.1 million in the first quarter of 2004. CellStar said the...

CellStar, Brightpoint to sell Voq phone

VANCOUVER, British Columbia-Sierra Wireless said the Voq Professional Phone will be available to resellers in North America through distribution agreements with CellStar and Brightpoint North America L.P., a subsidiary of Brightpoint Inc., following the completion of network compatibility testing on AT&T Wireless Services Inc.'s...

CellStar to resell Sierra’s Voq phone in North America

VANCOUVER, British Columbia-Sierra Wireless said the Voq Professional Phone will be available to resellers in North America through a distribution agreement with CellStar following the completion of network compatibility testing on AT&T Wireless Services Inc.'s GSM/GPRS network.The Voq device, designed for mobile professionals, serves...

They're playing our song

At the advent of every new industry, people simply cannot predict how the industry will evolve. VCRs were supposed to be used only to record missed TV shows. Today every parent watching their daughter's piano recital has a camcorder attached to a hand to...

CellStar partners with content company

CARROLLTON, Texas-Handset distribution company CellStar Corp. and European wireless content company Buongiorno Vitaminic SpA announced an innovative partnership to increase their respective sales opportunities. CellStar said the deal would allow it to add content like ring tones and games to its handsets for sale...

CellStar warns on 2Q revenues

CellStar Corp. warned today that it expects its second-quarter revenues to be lower than those garnered in last year's second quarter. The company's stock plummeted more than 11 percent, or 68 cents, to trade at $5.33 per share following the warning.CellStar blamed the likely...

CellStar replaces CFO

CARROLLTON, Texas-CellStar Corp., provider of wireless logistics and distribution services, has accepted the resignation of Paul Samek, chief financial officer, and named Raymond Durham, vice president and corporate controller, to the position, effective immediately. Durham joined CellStar in March 1997, and has served as...

InfoSonics announces IPO

SAN DIEGO-Handset distribution company InfoSonics Corp. said it plans to sell 2 million shares for between $5.50 and $6.50 per share in its upcoming initial public offering. The company plans to list its common stock on the American Stock Exchange under the symbol IFO.Founded...

CellStar to delay China IPO

CARROLLTON, Texas-CellStar Corp., which provides handset logistics and distribution to carriers, said it will delay its planned initial public offering in China due to the company's flailing Taiwan operation and the depressed Chinese stock market."The listing process in Hong Kong is taking longer than...

CellStar announces management changes ahead of Asia IPO

CARROLLTON, Texas-CellStar Corp. said James Johnson will step down as chairman of the board, effective April 30, and his position will be assumed by Terry Parker, the company's current chief executive officer. Robert Kaiser, currently president and chief operating officer, will become CEO, although...

Nokia stuns market with revised 1Q expectations

HELSINKI, Finland-Mobile handset leader Nokia Corp. stunned investors with news that its first-quarter revenues will clock in below expectations due to poor mobile-phone sales. The company's stock dropped almost 20 percent following the news to about $17.33 per share."The overall Nokia sales were negatively...

CellStar launches reverse logistics solution

ATLANTA-CellStar Corp., a provider of value-added logistics services, launched its reverse logistics solution called Omnigistics."Until now, 'reverse logistics' has been the most difficult and costly process to manage in the wireless industry-often referred to as 'the black hole' of the business," said Chris Smith,...

CellStar plans IPO in China

CARROLLTON, Texas-Wireless logistics services provider CellStar Corp. has proposed an initial public offering of its operations in the People's Republic of China, Hong Kong and Taiwan. If approved for listing, the stock would be traded on the Hong Kong Stock Exchange.

CellStar proposes IPO in China

CARROLLTON, Texas-Wireless logistics services provider CellStar Corp. has proposed an initial public offering of its operations in the People's Republic of China, Hong Kong and Taiwan. If approved for listing, the stock would be traded on the Hong Kong Stock Exchange.

Brightstar named master distribution partner for Motorola

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 the...

Business briefs

L.M. Ericsson said it has signed separate deals with operators in the United States, Switzerland and Nigeria. With operator Econet Wireless Nigeria, the vendor signed a $110 million GSM expansion contract to cover such cities as Lagos, Port Harcourt, Abuja and Kaduna. With Alltel...