When a company wants to reinvigorate a business, heads often roll. A glance at the world's top handset vendors-bedeviled by the market's vagaries and slowing growth-reflects the pervasiveness of this perennial corporate option. Nokia Corp. last week announced that Mark Louison would ascend to...
Three of the top six handset vendors in the world lost market share last year, as did the "other" category that captures the multitude of second-tier vendors determined to swim upstream against a strong current. That current is generated by the momentum that scale...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Robert W. Baird raised its price target and estimates on Alltel Corp. after the carrier reported strong fourth-quarter results. The new price target is...
Brightpoint Inc. will acquire Danish cellphone distributor Dangaard Telekom in a deal valued at $300 million, making Brightpoint the largest distributor of handsets serving European and U.S. markets. The transaction is expected to be completed in June or July, according to the companies, and...
It's all about messages and audiences these days. Sony Ericsson Mobile Communications L.P. sent forth multiple messages in the past two weeks, all emphasizing that the Japanese-Swedish joint venture is on the move in the wake of an impressive performance last year. The messages...
German chip maker Infineon Technologies AG crowed yesterday that it will supply Nokia Corp. with baseband and RF chips for the handset vendor's entry-level phones in GSM markets.Details of the deal were not disclosed, so the relative impact of the move to Texas Instruments...
Handset distributor Brightpoint Inc. reported increases in both revenues and net income for the fourth quarter and full year 2006, news that helped give a slight boost to the company's stock.Brightpoint reported a 7-percent increase in revenues to $677.2 million for the quarter, up...
Motorola Inc.'s recent, sobering earnings report came with a number of explanations of how the American vendor would turn things around. Motorola executives mentioned, among several factors, their portfolio mix-and the role of 3G in a higher-average selling price, higher-margin mix of handsets. Ed...
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 lowered its corporate credit rating on Sprint Nextel Corp. to BBB from BBB+ and removed the company from CreditWatch...
Texas Instruments Inc. last week reported modest gains in the fourth quarter-revenue up 4 percent, profit up 2 percent from the year-ago quarter-but said it will cut 500 jobs to reduce costs as it hunkers down for a period of weak demand by the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarrierMorgan Stanley raised its industry view on the telecom services business to in-line from cautious based partially on positive expectations for AT&T. The company increased...
Qualcomm Inc.'s shares jumped briefly after the company reported increases in both its net income and revenues during its first fiscal quarter of 2007, but its stock price quickly dropped down to a steady $38.46 per share after the news.Analysts largely hailed the company's...
Sony Ericsson Mobile Communications L.P. posted big gains in handset volumes, revenue and income for the fourth quarter of last year and the whole of 2006, a feat that may be sending a seasonal chill up executive spines at Samsung Electronics Co. Ltd. and...
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 price target on Motorola Inc. to $26 from $28 based on concerns about ASPs and...
LOS ANGELES-Research In Motion Ltd. is suing Samsung Electronics Co. Ltd. and the Korean handset vendor's American subsidiary over the use of the name "BlackJack" for the latter's new smart phone currently available through Cingular Wireless L.L.C., alleging that it is a trademark infringement...
PLAINFIELD, Ind.—Investors applauded Brightpoint Inc., sending the company’s stock up more than 15 percent, after the mobile phone distributor posted third-quarter profits and revenues that reached record levels. Brightpoint’s revenues were $633.7 million, an increase of 16 percent from revenues of $545 million during...
VANCOUVER—Wireless modem maker Sierra Wireless Inc. reported a profit for the third quarter. The company’s net income was $1.1 million, a reversal of a net loss of $3.1 million reported during the third quarter last year. The company’s net income was down, however, from...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierStandard & Poor’s Ratings Services lowered its corporate credit rating on Telephone &...
SAN DIEGO—Novatel Wireless Inc. reported a net loss for the third quarter despite increased revenues. Revenues for the quarter increased 32 percent to $55.6 million from revenues of $42.1 million during the same period last year. However, the company reported a net loss of...
Style and innovation matter. So does brand and, of course, size. Carrier relationships help too, though three of the strongest brands continue to exert a gravity of their own. The industry's two behemoths-need we mention names?-continued to distance themselves from their three lesser rivals...
SEOUL, South Korea—As promised, the world’s two tier-one Korean handset vendors rebounded from their second-quarter doldrums. Based on handset shipment volumes—and despite a strong showing in North American markets—LG Electronics Co. Ltd. slipped to fifth place in global rankings behind a surging Sony Ericsson...
NEW YORK—Samsung Electronics Co. Ltd. increased its shipment volume in the third quarter to 30.7 million, a 17-percent increase from the previous, disappointing quarter, according to CIBC World Markets. The South Korean vendor’s shipments beat its own guidance and CIBC’s earlier estimates of 28.8...
Having helped triple his company's year-on-year profits in the third quarter, Najmi Jarwala, Sony Ericsson's chief executive officer for North America, can afford to wax philosophical about his company's future. "Innovation is our differentiator," he said last week. "If we continue to innovate-and execute...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierStandard & Poor’s Ratings Services assigned its B- corporate credit rating to MetroPCS...
