The nationwide investigation into executive stock-option grants seems to be widening daily. And some major players in wireless are coming under the microscope. At issue is the practice of retroactively changing dates stock-option grants become effective. Stock options-allowing employees to purchase shares of the...
BOSTON—American Tower Corp. said it received a subpoena in the rapidly widening probe of stock-option grants that is ensnaring several major wireless players. The company, which owns and operates more than 22,000 broadcast and wireless communications sites, confirmed it received the subpoena from the...
NEW YORK—Federal prosecutors are looking into the questionable stock-options grants by Comverse Technology Inc. that earlier this week forced the ouster of three top Comverse executives. The U.S. Attorney’s Office for the Eastern District of New York has launched a criminal investigation into the...
WAKEFIELD, Mass.—Comverse Technology Inc. announced a front-office shakeup amid a company probe into the timing of stock-options grants to top executives. The telecommunications systems and software producer disclosed the resignation of Chairman and Chief Executive Officer Kobi Alexander, who founded the company in 1984....
NEW YORK-Shares of Comverse Technology Inc. sank after the company said it would miss a deadline for filing its annual report and probably be forced to restate earnings for the past six years. The software developer said an internal review of its stock-options program...
Software giant Oracle Corp. announced it's spending about $220 million to buy Portal Software Inc., a firm that develops billing and revenue management solutions for the communications and media industries. Oracle cited its long commitment to the communications industry and noted that its Siebel...
NEW YORK—Shares of Comverse Technology Inc. sank after the company said it would miss a deadline for filing its annual report and probably be forced to restate earnings for the past six years. The software developer said an internal review of its stock-options program...
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 placed its B- corporate credit rating and bank...
NEW YORK—Mobile software developer Comverse Technology Inc. said it will spend up to $180 million in cash to acquire privately held Netcentrex S.A. Paris-based Netcentrex makes software for Voice over Internet Protocol services as well as IP-based video and data offerings and fixed-mobile solutions...
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.CarrierMerrill Lynch lowered its price target on Telephone & Data Systems from $50 to...
SAN MATEO, Calif.-Mobilitec Inc. this week expects to launch an offering for operators and brands looking to publish, manage and deliver mobile content. The mobile software developer will release mPower 5.0, a single-platform solution that supports the spectrum of wireless content including ringtones, games...
NEW YORK-Comverse Technology Inc. hopes to boost already booming text messaging usage with a series of new personalized services and short cuts. The company said the services include an offering that allows members to insert a predetermined signature at the end of text messages,...
NEW YORK-Comverse Technology Inc. hopes to boost text messaging with a series of new personalized services.The services include an offering that allows members to insert a predetermined signature at the end of messages, and a "private network" wherein members use shortened four-digit codes instead...
NEW YORK-Value-added services developer Comverse Technology Inc. and Chinese infrastructure provider ZTE Corp. announced plans to deliver value-added services to the fixed and mobile markets in China.The companies said they expect to offer multimedia messaging solutions, including mobile e-mail, instant messaging and presence server,...
NEW YORK-Comverse Technology Inc. reported increases in sales and income for the third quarter.The company reported sales of $299 million for the period, up 21.8 percent from sales of $245 million during the same quarter last year. For the nine-month period, Comverse reported sales...
Customer-care and billing solutions provider CSG Systems International Inc. announced it's selling its Global Software & Services Division assets to Comverse Inc. for $251 million in cash. Comverse Inc. is a division of Comverse Technology Inc., a multimedia software and network-based communications services company.CSG...
According to most industry observers, all systems are go in the worldwide wireless industry. Predictions show significant sales opportunities in emerging markets like India, where handset costs are plummeting below $50, and some carriers have figured out how to make money from $5-per-month service...
The mobile-search playground gets even more crowded this week, as an established behemoth expands its offerings and an infant startup tries to get onto the field. InfoSpace Inc. this week should unveil a service that delivers business listings and maps, movie showtimes and other...
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
TEL AVIV, Israel-Poalim Ventures announced the completion of a $2 million investment in Orsus, a developer of situation and response management solutions for wireless and other networks. Other Orsus shareholders include the Infinity and Cedar funds and Clal, Comverse and Koor.Orsus is currently developing...
NEW YORK-ESPN Mobile has tapped Comverse Technology Inc. to handle its wireless data services, the planned mobile virtual network operator said. Comverse will provide and support software and hardware to the MVNO to allow subscribers to download content, access data and browse mobile Web...
NEW YORK-Comverse Technology Inc. launched an integrated messaging offering that combines instant messaging and e-mail services for wireless users.MIMail, which is designed to mimic a PC user experience, includes IM features like status indication, multiple dialogues, icons and a chat-like interface from IM providers...
NEW YORK-Comverse announced its LifeLog product that stores mobile-oriented personal data on networks.LifeLog allows subscribers to upload, manage and share mobile content, including pictures, video clips, contacts and messages, on a network-based storage system. The product allows customers to send automatic notifications by e-mail...
