STOCKHOLM, Sweden—Sony Ericsson Mobile Communications L.P., at five years old, is pursuing two trends in the rapidly changing mobile handset market—a worldwide thirst for music and imaging—and is profiting handsomely in its chosen markets. The partnership between the Japanese consumer electronics whiz and the...
SAN DIEGO—Novatel Wireless Inc. offered upbeat preliminary results for the third quarter, including revenues and earnings per share that the company expects to exceed previous guidance. The company expects revenues to be between $53 million and $55 million. Earnings per share are expected to...
SAN DIEGO—Novatel Wireless Inc. offered upbeat preliminary results for the third quarter, including revenues and earnings per share that the company expects to exceed previous guidance. The company expects revenues to be between $53 million and $55 million. Earnings per share are expected to...
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.CarrierRBC Capital Markets lowered its rating on Verizon Communications to sector perform from...
Big deals attract attention. Watching mergers and acquisitions play out is a perennial spectator sport in the technology business, in part because the results of M&As take time to reach fruition or wither on the vine. After Motorola Inc. announced last week it would...
NEW YORK—In a note to investors this week, CIBC World Markets analyst Ittai Kidron wrote that LG Electronics Co. Ltd.’s Chocolate phone has "challenged" the dominance of Motorola Inc.’s Razr, though actual sales of LG’s much-touted handset have been "somewhat disappointing." Ultimately, according to...
PLAINFIELD, Ind.-Brightpoint Inc. said it has signed a three-year master services agreement with T-Mobile USA Inc., which calls for its Brightpoint Services L.L.C. business unit to provide all of the carrier's handset logistics in the United States. Brightpoint said it will offer T-Mobile USA's...
PLAINFIELD, Ind.—Brightpoint Inc. said it has signed a three-year master services agreement with T-Mobile USA Inc., which calls for its Brightpoint Services L.L.C. business unit to provide all of the carrier’s handset logistics in the United States. Brightpoint said it will offer T-Mobile USA’s...
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.CarrierRW Baird raised its rating on AT&T Inc. on strong earnings momentum. It also...
Competition can bury you or spur you to greatness. In Motorola Inc.'s case, given its stellar performance in the second quarter, greatness is the result. And that has given the mobile handset vendor the proverbial Big Mo—as in momentum—which Motorola calculates will be further...
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.CarrierCredit Suisse First Boston adjusted its estimates on Alltel Corp. to reflect the...
SEOUL, South Korea— LG Electronics Co. Ltd. reported a net loss of $10.1 million on static sales of $6.1 billion in the second quarter on lackluster handset shipments and poor performance in its liquid crystal display joint venture with Philips Electronics. The net loss...
Business forecasts are integral to industry, wireless or otherwise. Vendors crunch them, analysts parse them, investors fret over them, bloggers disparage them and reporters write about them. Early in the year, forecasts typically are up, down or mixed. And by mid-year, there's enough hard...
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. CarrierCredit Suisse First Boston raised its estimates and price target on AT&T Corp.,...
LONDON—Sony Ericsson Mobile Communications L.P. announced that its earnings for the second quarter—$181 million—nearly doubled its earnings from the year-ago quarter, while revenue increased more than 40 percent and handset shipment volumes increased by 33 percent. The results exceeded financial analysts’ expectations. The handset...
As the idea of a combined Alcatel Inc. and Lucent Technologies Inc. settles in, Nokia Corp. and Siemens AG skated into the wireless infrastructure marketplace with plans to combine Nokia's Networks Business Group with Siemens' fixed and mobile networks operations. The 50-50 joint venture...
ESPOO, Finland—What a difference four months can make, especially in the hyper-competitive pursuit of global domination in a burgeoning business. Nokia Corp. and Sanyo Electronics Co. Ltd. announced they will not proceed with the joint venture for CDMA phones they announced in February. In...
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 raised its short-term rating on Qwest Communications International...
SAN DIEGO—Qualcomm Inc. boosted its financial guidance for the third fiscal quarter ending June 25 due to what the company said was strong demand for its chips for W-CDMA handsets and CDMA network gear. The San Diego-based chip vendor said its pro forma revenues...
A snapshot of the 3G handset market in the United States reveals a nascent business on the verge of growth, as carriers upgrade their networks and more aggressively market their data-based offerings, and a broader portfolio of 3G handsets is presented to consumers. According...
ATLANTA-Nokia Corp. announced it will acquire LCC International Inc.'s U.S.-based network deployment operations. The deal is expected to close in 45 days and impacts 80 LCCI employees, some of whom may become Nokia employees. The terms of the deal were not disclosed. However, according...
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.CarrierRBC Capital Markets raised its rating on Dobson Communications to outperform from sector...
SCHAUMBURG, Ill.-Motorola Inc. said it will shell out $192 million to acquire TTP Communications plc, a U.K.-based mobile software developer and chipmaker. TTPCom is a 575-employee holding company with substantial stakes in a handset certification business, and also sells software for GSM and GPRS...
SCHAUMBURG, Ill.—Motorola Inc. said it will shell out $192 million to acquire TTP Communications Plc, a U.K.-based mobile software developer and chipmaker. TTPCom is a 575-employee holding company with substantial stakes in a handset certification business, and also sells software for GSM and GPRS...
