Research In Motion Ltd. posted another strong quarter with an equally strong outlook, sending its stock up more than 11% after results were announced yesterday.RIM's revenue for the fiscal third quarter, ended Dec. 1, reached $1.67 billion, up 100% from the year-ago quarter. Net...
Both Nokia Corp.'s and Qualcomm Inc.'s stocks were down a few percent each on news that the United States International Trade Commission had rebuffed Qualcomm on its complaint that Nokia infringed on three Qualcomm patents regarding GSM technology.The two parties are in arbitration, under...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services said it assigned it's A rating to AT&T Inc.'s proposed $2 billion of global notes due 2008 and $1...
Verizon Wireless announced it will use Long Term Evolution technology for its fourth generation network. The carrier said that it and parent company Vodafone Group plc will begin testing LTE technology next year with equipment suppliers Alcatel-Lucent, Ericsson, Motorola Inc., Nokia- Siemens, and Nortel...
Qualcomm Inc.'s earnings in the fiscal fourth quarter and full year showed year-on-year improvements, but a modest outlook for the fiscal first quarter sent its shares down around 6% in after-hours trading. The stock was down around 3% this morning.The San Diego-based chip vendor...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley cut its EPS estimate on Sprint Nextel to 82 cents for 2008 to reflect weak current operating results and WiMAX buildout costs....
The European Commission will expedite an investigation of charges against Qualcomm Inc. by six leading wireless companies that the chip and licensing company has violated antitrust rules.The EC may dismiss the complaint if it finds no merit, it could settle the matter with Qualcomm...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley upgraded Telephone & Data Systems to equal weight from underweight on better visibility due to relaxed deadlines for the company's SEC filings...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley raised its EPS estimates on AT&T Inc. on a strong outlook for wireless data revenues. New estimates for 2008 are $3.16 up...
It must be tough to give a daylong presentation to financial and industry analysts in New York when your take-aways essentially are "meet the new team," "we can do it" and "stay tuned."The latter two messages are acquiring such a familiar ring that one...
Apple Inc. slashed the price of its 8GB iPhone by one-third and, separately, the company launched a Wi-Fi storefront hawking full-track tunes and albums for the device.The company said it lowered the price of the 8 GB iPhone from $600 to $400, and discontinued...
Nokia Corp. fired yet another salvo at Qualcomm Inc., filing a complaint with the U.S. International Trade Commission alleging Qualcomm is infringing on five of its patents. The news serves to widen the gulf between the two companies as each seeks to gain leverage...
AT&T Inc. reported a strong quarter and said its mobile division activated 146,000 Apple Inc. iPhone customers in the first day and a half of the device's release, more than 40% of whom were new customers for AT&T Mobility.That figure was far fewer than...
BlackBerry maker Research in Motion Ltd. saw its stock jump more than 20% in early trading after it reported a 76.5% increase in revenue from the same quarter a year ago. Meanwhile, smartphone rival Palm Inc.'s stock is down nearly 4% after it reported...
Samsung Electronics Co. Ltd. could overtake Motorola Inc. in market share for the second quarter, according to projections from analyst Ittai Kidron at CIBC. The share shift would be remarkable, based on 2006 results, which had Motorola at nearly 22% global market share for...
THE CLOCK IS TICKING as Qualcomm Inc. pursues legal remedies and technical alternatives to counter a decision last week by a federal agency banning future models of 3G handsets containing the vendor's chips from entering the United States. The U.S. International Trade Commission stunned...
Nokia Corp. upped its market-share forecasts for the second quarter, news that helped boost the company's stock almost 4% to around $26.04 per share. The world's largest handset maker said it expects to gain market share thanks to a reduction in "excess device inventory"...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley raised its price target on Leap Wireless International to $94 from $73 due to increased subscriber growth and ARPU expansion. Credit Suisse...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Credit Suisse First Boston upgraded Qwest Communications International to neutral from underperform and raised its price target to $9 from $7.50 after the carrier...
After a flurry of discouraging news in recent months, Nortel Networks Ltd. released brighter financial expectations for the first quarter and remainder of the year. The company also announced it appointed David Drinkwater to serve as CFO on an interim basis following Peter Currie's...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Lehman Bros. raised its price target on Leap Wireless International to $85 from $50, saying it believes the company can sustain strong subscriber and...
Samsung Electronics Co. Ltd. said it shipped nearly 35 million handsets in the first quarter, posting telecom division profits-largely derived from handset sales-of $646 million. Both numbers were up nearly 30 percent over the year-ago quarter. Handset-related revenue, however, at $4.6 billion, was down...
The perversity of Wall Street came into focus after Research In Motion Ltd. delivered solid fourth-quarter fiscal 2006 earnings yesterday that were still below some expectations. It's all about emotion and overblown expectations, it seems.Investors apparently had already driven up the price of RIM's...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors CIBC World Markets lowered its estimates on Motorola Inc. after the company significantly lowered guidance for the first quarter. For...
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