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 plans, the company said.The new facility, arranged by Chase Securities Inc., has a term...
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 of 5 percent, convertible into CellStar common stock at $55.34 a share, maturing Oct. 15,...
Rank Company Name 1996 Revenues (000)1 Matsushita Electric Inds. Co. Ltd. $63,192,0002 NEC Corp. $41,174,0003 Motorola Inc. $27,973,0004 Lucent Technologies Inc. $23,286,0005 Ericsson...
Rank Company Name 1996 Net Income (000)1 Motorola Inc. $1,154,0002 Lucent Technologies Inc. $1,054,0003 Ericsson (L.M.) Telephone $1,034,1524 NEC Corp. $718,0005 Nokia...
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 plans to commercially launch its PCS service in Fargo/Moorhead and Grand Forks, N.D., and East...
RANK/COMPANY NAME TOTAL RETURN1 Brightpoint Inc. 259.88%2 Tellabs Inc. 169.96%3 Specialty Teleconstructors 150.00%4 ADC Telecommunications Inc. 149.00%5 WinStar Communications, Inc. 132.53%6 ...
SAN DIEGO, Calif.-Qualcomm Inc. and CellStar Corp. have reached an agreement that will allow CellStar to distribute Qualcomm's Code Division Multiple Access digital cellular and personal communications services phones. CellStar will distribute the phones to carriers and resellers throughout the United States beginning in...
CARROLLTON, Texas-CellStar Corp.'s board of directors approved a three-for-two common stock split, to be paid in the form of a stock dividend.Stockholders will receive an additional share for each two shares held. The stock dividend will be distributed on June 17 to stockholders of...
Aerial Communications Inc. appointed John Foster and Thomas Wilson Jr. to its board of directors. Foster and Wilson both will serve on Aerial's audit committee and on its stock option compensation committee. Foster is president and founder of Vedra International Associates. Before founding Vedra,...
If carriers want customers to pay for cutting-edge technology, they need to be willing to use the highest-end technology themselves to promote such products, said a Texas-based software creator."We've developed a software program that runs on Windows, has audio and, depending on how good...
U.S. Communications Inc. has spent $5 million during the last four years forming an in-store system designed to entice Kmart shoppers to sign up for wireless service."We've got it set up so they can just come in and buy it, like buying a toaster,"...
CARROLLTON, Texas-Pacific Bell Mobile Services has chosen CellStar Corp. to provide product acquisition, distribution and customized kitting for Pacific Bell's personal communications services product offerings. According to the five-year agreement, CellStar will purchase PCS telephones and accessories from selected manufacturers, and package and distribute...
With its purchase of 355 kiosks in Sam's Club stores nationwide, MCI Communications Corp. has hands-on access to the consumer customer it seeks.Before obtaining entrance into Sam's, MCI's retail presence as a wireless reseller consisted of 37 storefronts. The stores originally belonged to Nationwide...
NEW YORK-Recent developments in a class-action lawsuit alleging securities fraud against CellStar Corp., a cellular handset distributor, have emerged as a vanguard test of part of a new federal law intended to limit frivolous securities litigation.Although the new statute is highly complex, two of...
HighwayMaster Communications Inc. announced it reached an agreement with SBC Communications Inc. for a $20 million equity investment in HighwayMaster. The company said SBC's initial investment will be in preferred stock, which is convertible into common stock at the rate of $12.50 per share....
Strong growth tugged a little tight on the selling, general and administrative expenses of CellStar Corp., which reported a $2 million operating loss for the second quarter and a net loss of $3 million.In addition to operations restructuring and losses due to expense, the...
CellStar Corp. said it has a tentative Fortune 500 buyer for its kiosk business located in 347 Sam's Club stores nationwide, the expenses of which led to the company's disappointing first-quarter results.The investment community had estimated CellStar's net income would be at least $5...
NEW YORK-Fast on the heels of resignations by two chief financial officers and a director this year, CellStar Corp. recently braced the investment community for a first-quarter earnings report "significantly lower than analysts' estimates."Securities analysts had estimated that first quarter net income for the...
Ron Boillat is now vice president of sales and Lee Sarbo has been named director of sales for the Eastern region at Frontier Cellular, the wireless subsidiary of Frontier Corp. Boillat joined Frontier in April 1995 with 14 years experience in the telecommunications industry....
Specialized aftermarket products and new marketing strategies have kept the decline in U.S. cellular telephone sales from affecting accessory product sales, according to several cellular accessory manufacturers and distributors.There has been a slight decline in point-of-purchase accessory sales in recent years, said Gershon Cooper,...
AT&T Wireless Services announced three executive positions for its North Texas/Louisiana district. Todd Felker is now director of marketing and is responsible for advertising, distribution strategy, market research and analysis, product introductions, public relations, revenue forecasting and sales planning and management. He joined the...
Frontier Communications announced it will resell Cellular One's cellular services in Cleveland and Columbus, Ohio, and in metropolitan Detroit and Grand Rapids, Mich. Under the agreement between the two companies, Frontier will market cellular services to small- and medium-sized businesses under the name Frontier...
Working Ventures Canadian Fund Inc., sponsored by the Canadian Federation of Labour, announced it completed a $3 million equity investment as part of a $15 million financing package with co-investors Helix Inc. of Quebec and AT&T Wireless Services in LanSer Wireless Inc. of Montreal...
