Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...
Comverse Technology Inc. announced former AT&T Wireless Services Inc. executive Andre Dahan, 58, will become the company's president, CEO and board member beginning April 30."Andre has achieved an extraordinary track record of success in growing and delivering superior operating results at telecommunications and technology...
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 lowered its 2007 EPS estimate on Sprint Nextel Corp. to 82 cents from 86 cents after the company reported fourth-quarter...
Comverse Technology Inc. said CEO Zeev Bregman will leave the company at the end of March.Yaron Tchwella, president of Comverse Inc.'s InSight Open Services Environment Group, has been named president and will lead Comverse after Bregman leaves the company. Comverse said it will begin...
Comverse Technology Inc. and its spinoff Verint said they will be delisted from the Nasdaq exchange after failing to meet financial reporting requirements.Comverse, which develops voicemail software and other communications technology, has become delinquent in its filings as it investigates past stock-option grants. The...
REDWOOD CITY, Calif.-Shares of Openwave Systems Inc. surged after the company said it will record additional stock-option expenses of roughly $182 million following an internal review of the fiscal years 2000 to 2005. The mobile software developer said that while it found discrepancies in...
PHOENIX-Freedom Wireless Inc. sued two wireless carriers and three service providers for allegedly violating the company's patents on providing prepaid wireless services. Cingular Wireless L.L.C. and Alltel Corp. are named as defendants in two separate suits, along with their prepaid suppliers: Ericsson Inc. is...
Comverse Technology Inc. said it eliminated the interim chief executive position and promoted its chief administrative officer to the post of chief operating officer, while also naming five new independent directors.The Manhattan-based maker of voicemail software is trying to move forward after a stock...
NEW YORK-The troubles continue to mount for wireless technology provider Comverse Technology Inc., as the company announced it identified errors in the "recognition of revenue related to certain contracts, errors in the recording of certain deferred tax accounts and the misclassification of certain expenses...
One little number means so much-it's a sign of customer satisfaction, implies network quality and is closely tracked as an indication of the health of wireless service providers. Steve Bamberger, vice president of media, communications and utilities for Oracle, describes three strategies for tackling...
BOSTON—Shares of American Tower Corp. slid after the tower vendor said it will have to restate earnings due to inconsistencies regarding past stock-option grants. The company plans to file an amended annual report for 2005 that will "reflect the restatement of its consolidated financial...
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.CarrierMorgan Stanley lowered its rating on Telus from overweight to equal weight based...
NEW YORK-Comverse Inc. said it will pay $19 million in cash for privately held Netonomy, a developer of customer self-service, bill analysis and point of sale software for wireless communications. Comverse said Netonomy's self-service application suite enables subscribers, including consumers, enterprise and retailers, to...
NEW YORK—Comverse Inc. said it will pay $19 million in cash for privately held Netonomy, a developer of customer self-service, bill analysis and point of sale software for wireless communications. Comverse said Netonomy’s self-service application suite enables subscribers, including consumers, enterprise and retailers, to...
BOSTON-Shares of Boston Communications Group Inc. tumbled after the company said it will be unable to file its quarterly report pending an internal review of its practices regarding stock-option grants. The developer of prepaid telecommunications software launched the review in response to broadening federal...
BOSTON—Shares of Boston Communications Group Inc. tumbled after the company said it will be unable to file its quarterly report pending an internal review of its practices regarding stock-option grants. The developer of prepaid telecommunications software launched the review in response to broadening federal...
NEW YORK-The broadening investigation into stock-option grants continues to plague wireless as federal prosecutors brought criminal charges against three former executives of Comverse Technology Inc. The criminal complaint, which was unsealed in federal court in Brooklyn, accuses founder and former Chief Executive Officer Kobi...
Research In Motion Ltd. will likely continue to dominate the high-end mobile e-mail market, according to Strategy Analytics. But the growing number of open-standard service providers will drive the market in the long term, the market research firm predicted. The BlackBerry maker's market share...
NEW YORK—The broadening investigation into stock-option grants continues to plague wireless as federal prosecutors brought criminal charges against three former executives of Comverse Technology Inc. The criminal complaint, which was unsealed in federal court in Brooklyn, accuses founder and former Chief Executive Officer Kobi...
NEW YORK—Comverse Technology Inc. said it needs more time to comply with Nasdaq listing requirements related to the company’s Securities and Exchange Commission filings. The company, which has been embroiled in a stock-options investigation, said it submitted a request to the Nasdaq Listing Qualifications...
BOSTON—American Tower Corp., the nation’s largest tower company, released limited second-quarter results—but said it will probably restate its past earnings as a result of its investigation of stock option-granting practices. AMT said it expects to report its full second-quarter results in the next four...
MOUNTAIN VIEW, Calif.—VeriSign Inc. confirmed it received a grand jury subpoena requesting documents related to the company’s stock-option grants and practices. The company is the latest in a growing list of wireless firms that have been caught up in a nationwide investigation into executive...
NEW YORK—Comverse Technology Inc. offered a glimmer of good news even as it is embroiled in a stock options investigation that forced the company to delay its most recent financial report. The company said it achieved its 14th consecutive quarter of sales growth and...
BOSTON—American Tower Corp. says it intends to "vigorously defend" its stock-option granting practices in the face of two lawsuits filed just days after the company received a subpoena from a New York district attorney. AMT said a securities class action lawsuit was filed against...
