CellStar

CARROLLTON, Texas-CellStar Corp. said it has agreed to sell its Movil Amigo prepaid operation in Venezuela to Movilnet, the cellular operator subsidiary of CANTV. As part of the sale, CellStar …

Iridium L.L.C. announced that Kyocera Corp. has completed its handset testing process and has been approved to begin volume distribution of its single-mode satellite phones and dual-mode adapters, as well …

CARROLLTON, Texas-CellStar Corp. announced plans to sell part of its investment in Topp Telecom Inc. to Telefonos de Mexico SA and other Topp shareholders for about $7 million. Separately, Topp …

Omnipoint Technologies Omnipoint Technologies Inc. introduced a Global System for Mobile communications radio module called Eagle One as the latest addition to its GSM-based wireless solutions product suite. The original …

CARROLLTON, Texas-CellStar Corp. said it plans to reposition itself to be more focused on wireless carriers and manufacturers, targeting improved sales and profitability growth. The strategic initiatives the company plans …

CARROLLTON, Texas-CellStar Corp. announced it entered into agreements with Orbcomm International Partners L.P. and Orbcomm USA L.P. to establish a program to distribute subscriber communicators and related accessories to Orbcomm …

SAN FRANCISCO-CellStar Corp. reported it selected Circle International to provide a worldwide logistics network for CellStar’s Global Satellite Services group, which distributes global personal communications products. Under the contract, CellStar …

With the Nov. 1 commercial activation of Iridium L.L.C.’s satellite-based global mobile phone network, the mobile satellite services industry proved it is technologically possible to extend cellular communications to virtually …

CARROLLTON, Texas-CellStar Corp., Carrollton, Texas, announced Nov. 5 it has signed a memorandum of understanding to settle with the State of Wisconsin Investment Board lawsuits filed against the company for …

WASHINGTON-Last week’s annual meeting of the World Bank and International Monetary Fund ended with a blueprint-but not a bold solution-for containing a worsening global financial crisis that is taking a …

NEW YORK-CellStar Corp., Carrollton, Texas, announced a significant slide in net income for the third quarter ended Aug. 31, to $2.4 million from $16.2 million posted during the same period …

The year-old Asian financial crisis is being blamed for an increasingly gloomy outlook for the third quarter, which ends this week. The situation is compounded by growing economic worries in …

The Securities and Exchange Commission is investigating CellStar Corp.’s compliance with federal securities laws, and the handset distributor said it believes the inquiry is focused on previously disclosed events that …

NEW YORK-Like comets flashing across the sky, one vendor that topped the 1996 revenue charts dropped significantly on the 1997 charts, while another that was absent from the major players …

NEW YORK-And now let’s have a round of applause for top executives of Arch Communications Group Inc., Paging Network Inc. and SkyTel Corp. These successful emigres from wireless telephony have …

Personal communications services provider PrimeCo Personal Communications L.P. signed a roaming agreement with GTE Wireless that will expand its PrimeTravel coverage area to 45 of the country’s top 50 markets, …

Brightpoint Inc. and CellStar Corp. said they discontinued negotiations to form a joint venture in India. The proposal for the venture was announced in mid-January. The companies were unable to …

TRANSCRYPT INTERNATIONAL Transcrypt International Inc. named Craig Huffaker senior vice president of finance and chief financial officer. Huffaker’s 20 years of financial management experience include 12 years as CFO for …

ArrayComm Inc. announced its next-generation IntelliCell-enhanced Personal Handyphone System cell stations are operating in Tokyo’s PHS network, following months of field trials conducted with DDI Pocket Telephone. DDI holds a …

CARROLLTON, Texas-Wireless phone distributor CellStar Corp. completed a $135 million multiple currency revolving credit facility, giving it the ability to borrow in various currencies for meeting capital needs and growth …

CARROLLTON, Texas-CellStar Corp. announced the consummation of its $150 million convertible subordinated notes offering to qualified institutional buyers. The notes will be unsecured obligations, bear interest at an annual rate …

Rank Company Name 1996 Revenues (000) 1 Matsushita Electric Inds. Co. Ltd. $63,192,000 2 NEC Corp. $41,174,000 3 Motorola Inc. $27,973,000 4 Lucent Technologies Inc. $23,286,000 5 Ericsson (L.M.) Telephone …

Rank Company Name 1996 Net Income (000) 1 Motorola Inc. $1,154,000 2 Lucent Technologies Inc. $1,054,000 3 Ericsson (L.M.) Telephone $1,034,152 4 NEC Corp. $718,000 5 Nokia Corp. $654,460 6 …

WirelessNorth selected CellStar Ltd. to provide customer fulfillment for personal communications services handsets, accessories and packaging for WirelessNorth’s markets in North Dakota, Minnesota, Wisconsin and South Dakota. WirelessNorth said it …

1996 1995 Rank/Company Name % Change Revenues (000) Revenues (000) 1 DSP Communications Inc. 117.53% $88,899 $40,867 2 Qualcomm Inc. 110.51% $813,850 $386,612 3 WinStar Communications Inc. 104.35% $68,048 $33,300 …