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...
CARROLLTON, Texas-CellStar Corp. added Shanghai DBTEL Industry Co. Ltd., a subsidiary of DBTEL Inc., to its list of suppliers. CellStar said Chinese handset manufacturer DBTEL is its first significant local supplier in the country.CellStar said it sold approximately 100,000 DBTEL handsets in the fourth...
Although Bluetooth technology gradually is taking hold among the world's mobile-phone providers, the short-range wireless technology has elicited somewhat differing reactions from U.S. wireless carriers.Most notably, Sprint PCS introduced a separate pricing plan for its first Bluetooth-capable phone, the Sony Ericsson T608. The carrier...
The trials and tribulations of Leap Wireless International Inc. continued last week as the company promoted a pair of executives to fill in for the loss of a long-time leader and announced a new fulfillment and logistic service provider for its Cricket Communications Inc....
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...
Citing pricing pressure, CellStar Corp. said it will discontinue providing fulfillment and logistics services for Leap Wireless International Inc.'s Cricket Communications' company-owned and indirect sales channels when the current agreement expires Feb. 24."While we are disappointed to end a long, successful customer relationship, we...
CARROLLTON, Texas-Wireless product distributor CellStar Corp.'s third-quarter 2003 financial results, released this week, reflected improvement from the previous quarter.The company said its net income was $1.4 million, or 7 cents per diluted share, a vast improvement from a net loss of $8.1 million, or...
CARROLLTON, Texas-Robert Kaiser will serve as CellStar Corp.'s president and chief operating officer. Paul Samek will take over Kaiser's previous role as chief financial officer."Robert has done an outstanding job as CFO," said Terry Parker, the company's chief executive officer. "The time has now...
CARROLLTON, Texas-Wireless handset distributor CellStar Corp. announced it will sell its subsidiary in Sweden, CellStar Intercall AB, to Swedish distribution company AxCom AB. Terms of the deal, expected to be completed in November, were not disclosed.The move is part of CellStar's retreat from the...
CARROLLTON, Texas-Wireless handset distribution company CellStar Corp. announced it will sell its subsidiary in Sweden, CellStar Intercall AB, to Swedish distribution company AxCom AB. Terms of the deal, expected to be completed in November, were not disclosed.The move is part of CellStar's retreat from...
CARROLLTON, Texas-Value-added wireless products distributor CellStar Corp. reported a first-quarter net loss of $16.8 million, or 82 cents per share, on revenues of $507.1 million.The latest results represented a decline from the year-ago quarter when the company posted net income of $11.4 million, or...
CARROLLTON, Texas-CellStar Corp. and Best Buy have signed a three-year agreement that makes CellStar a primary vendor for Best Buy's aftermarket wireless accessories.According to the agreement, CellStar will provide Best Buy with a supply chain management solution from procurement to distribution. The company is...
CARROLLTON, Texas-CellStar Corp. announced it has closed the sale its Netherlands operation for approximately $2 million and the buyers have assumed all trade and financial liabilities."The Netherlands is a relatively small operation and since we have minimal presence in Europe, we feel that this...
CARROLLTON, Texas-CellStar Corp. has completed the mandatory conversion of its 5-percent senior subordinated convertible notes, converting shares of CellStar common stock at a ratio of 200 shares for each $1,000 in principal amount of the notes.The conversion increased CellStar's outstanding shares from 12,623,765 to...
CARROLLTON, Texas-CellStar Corp., a wireless logistics and distribution services provider, reported July 9 a net loss of $5.91 million, or 49 cents per share, on revenues of $573.26 million for the second quarter, which ended May 31.For the same period a year ago, the...
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 as practical."The company expects to record a one-time, after-tax charge of about $10 million,...
CARROLLTON, Texas-In its earnings report released after the close of trading February 25, CellStar Corp., a distributor of wireless products, reported improved results for the fiscal year and fourth quarter, both of which ended November 30.Consolidated net income for fiscal year 2001 was $600,000,...
CARROLLTON, Texas-CellStar Corp. announced it has completed its offer to exchange cash, 12 percent senior subordinated notes and 5 percent senior convertible notes for its 5 percent convertible subordinated notes.The company does not know the final results of the exchange offer, but it said...
CARROLLTON, Texas-CellStar Corp., a distributor and value-added logistics provider to the wireless industry, will seek shareholder approval at its annual meeting February 12 for a one-for-five reverse split of common stock to reduce the number of outstanding shares so the stock can continue its...
CARROLLTON, Texas-CellStar Corp. has amended the terms of its proposed exchange offer for its five percent Convertible Subordinated Notes due October 2002.Now, for each $1,000 principal amount of Subordinated Notes tendered, holders will receive $366.67 in cash and can elect to take one of...
MIAMI-Brightstar Corp. announced its third-quarter revenues showed it remains the market share leader in Latin American wireless outsourcing.The company's $161.5 million in revenues was well above competitors CellStar Corp.'s and Brightpoint Inc.'s respective $69.5 and 33.7 million third-quarter revenues. "We are extremely pleased with...
MIAMI—Brightstar Corp. announced its third-quarter revenues showed it remains the market share leader in Latin American wireless outsourcing.The company's $161.5 million in revenues was well above competitors CellStar Corp.'s and Brightpoint Inc.'s respective $69.5 and 33.7 million third-quarter revenues. "We are extremely pleased with...
CARROLLTON, Texas-CellStar Corp., a provider of value-added logistics for wireless products, has registered to exchange half of its outstanding stock plus $20 million in cash to retire up to $150 million in convertible subordinated debt, the company said Sept. 4.As filed with the Securities...
MIAMI-Brightstar Corp. said its recently released second- quarter revenues show it has captured the market share lead in Latin American wireless outsourcing.Brightstar's consolidated revenues came to $102.6 million and its income was $2.8 million for the quarter, which the company said makes it...
