Following are changes in wireless company ratings reported by financial services and investment banking firms this week.Standard & Poor's Ratings Services said Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement. Raymond James downgraded Crown...
Kristen BeckmanFollowing are ratings changes and other financial information for wireless companies announced this week by investment banking and financial firms.CIBC raised its estimates on Powerwave Technologies Inc. following the company's strong second-quarter report. CIBC said it expects revenues and earnings per share for...
The following information includes details on wireless companies that had ratings changes and information from financial analysts and banking and investment firms this week. Companies mentioned include Qualcomm, Lucent Technologies, Nokia, Ericsson, Motorola, Verizon Wireless, Cingular Wireless, Dobson Communications, iPCS and others.Goldman Sachs slightly...
Following are ratings changes and financial information on wireless companies from financial services and investment banking firms announced this week. Nortel, AAT, UTStarcom, Alvarion, Intrado and others mentioned.Standard & Poor's Ratings Services raised its corporate credit rating on tower company AAT Communications Corp. to...
Motorola Inc. purchased the research-and-development operations and patent portfolio of European mobile-phone startup Sendo. Terms of the deal were not disclosed. The announcement ends weeks of speculation on the fate of Sendo, which has been nearing corporate collapse. Indeed, with the news, Sendo essentially...
Motorola Inc. purchased the research-and-development operations and patent portfolio of European mobile-phone startup Sendo. Terms of the deal were not disclosed.The announcement ends weeks of speculation on the fate of Sendo, which has been nearing corporate collapse. Indeed, Sendo today essentially entered bankruptcy protection...
Taiwanese electronics manufacturer BenQ Group will take over Siemens' ailing mobile-phone business, catapulting the Asian upstart into the ranks of the world's largest handset makers. Although the exact terms of the deal are somewhat cloudy, Siemens essentially will pay BenQ $303 million to take...
The following wireless companies had ratings changes or information notes from financial services and investment banking firms this week.Robert W. Baird made several changes within its telecom coverage universe following the Supercomm show this week in Chicago. In general, the firm said news out...
Following is a list of debt and financial ratings changes for wireless companies announced this week by financial firms.Merrill Lynch upgraded its view of the overall technology market from underweight to market weight, saying the firm's recent changes on the Internet and wireless sectors...
SCHAUMBURG, Ill.-Motorola Inc. announced it will buy back up to $4 billion shares during the next year and a half, news that sent the company's stock up slightly to $17.29 per share. Based on Motorola's current stock price, $4 billion represents 10 percent of...
Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week:Standard & Poor's revised its outlook on Sanmina-SCI Corp. to negative from stable following what S&P called disappointing earnings for the second quarter ended...
The venture capital arm of Siemens said it will join Cardinal Venture Capital and Garage Technology Ventures in investing $3 million in wireless technology company PhoneBites. PhoneBites is developing a mobile-phone application that will allow users to interject sounds into a voice conversation. The...
NEW YORK-Billing software company Amdocs enjoyed a stock rise on its fiscal first-quarter results.The company's quarterly revenues rose 3.8 percent to $469.5 million, its highest performance to date."In our view, Amdocs has broken away from the pack, and we believe the strong visibility levels...
Bayly Communications Inc. named Fernando Anaya as its sales representative for Latin America. Most recently, Anaya was sales manager for Motorola Inc. in Mexico, the Caribbean and Central America. CraniteWireless local area network security company Cranite Systems Inc. made two appointments to its executive...
WATERLOO, Ontario-BlackBerry maker Research In Motion Ltd. said it scored $907 million in its recent public offering, with shares selling at $78.25 per share.Lehman Brothers Inc. and Merrill Lynch & Co. ran the offering, and Goldman Sachs & Co., UBS Investment Bank, Banc of...
WATERLOO, Ontario-BlackBerry maker Research In Motion Ltd. said it scored $907 million in its recent public offering, with shares selling at $78.25 per share.Lehman Brothers Inc. and Merrill Lynch & Co. ran the offering, and Goldman Sachs & Co., UBS Investment Bank, Banc of...
VANCOUVER, British Columbia-Sierra Wireless Inc. said it has priced its public offering of 4 million shares, announced Nov. 4, at $16.25 per share. Gross proceeds from the offering will be $65 million, or $74.8 million if the underwriters-Lehman Brothers Inc. and CIBC World Markets...
REDWOOD CITY, Calif.-Investors tore Openwave Systems Inc. share prices in half after the company significantly lowered its fourth quarter outlook.Trading in wireless data giant Openwave was massive after the news, as shares dropped more than 50 percent. Openwave's share price was about $2.10-an all-time...
SANTA CLARA, Calif.-Just after the close of trading on Wall Street, Palm Inc. dropped its revenue expectations for the quarter by about $70 million and said it would not turn a profit as it had expected.The news alarmed investors and analysts, causing the company's...
The personal digital assistant and wireless data device markets shook last week under a series of major announcements that served to puzzle, jar and-in most cases-hearten Wall Street and the wireless industry.The handheld computing industry has suffered through the past year along with the...
Palm Inc. watched its stock drop more than 20 percent after the company released its earnings with the news that it will not make profitability by the second quarter and that it is postponing the launch of its anticipated integrated wireless device."We simply thought...
NEW YORK-Carrier network sharing, which made headlines this month in Europe with regard to third-generation wireless, is nothing new and will not hurt the prospects of equipment providers, executives of L.M. Ericsson and Nokia Corp. said June 13 at CIBC World Markets' "Communications Food...
Citing the slowdown in the U.S. economy and market conditions, personal digital assistant stalwart Palm Inc. and Extended Systems Inc., which provides mobile information management solutions, ended their proposed merger agreement."While this turn of events is disappointing, Palm and Extended Systems agree that this...
NEW YORK-With the personal computer sector maturing, CIBC World Markets views "communications applications as the next driver of the semiconductor industry," notwithstanding the current but temporary slowdown, said N. Quinn Bolton, semiconductor equipment analyst for the investment bank."There is a tremendous drive in communications...
