SAN DIEGO-Wireless Facilities Inc. announced that it will sell much of its Mexican holdings for $18 million in cash. The company also said it postponed the release of its fourth-quarter 2005 earnings report from Feb. 21 to March 14. The transfer of WFI's Mexican...
FORT WORTH, Texas—Shares of RadioShack Corp. lost ground after spiking on news of Chief Executive Officer David Edmondson’s resignation.Edmondson, who last week admitted to embellishing educational accomplishments on his resume, stepped down following what the company described as "a series of mutual discussions about...
SAN DIEGO—Wireless Facilities Inc. announced that it will sell much of its Mexican holdings for $18 million in cash. The company also said it postponed the release of its fourth-quarter 2005 earnings report from Feb. 21 to March 14.The transfer of WFI’s Mexican holdings...
Lucent Technologies Inc. said it agreed to purchase Ethernet developer Riverstone Networks' assets for $170 million in cash. Most of Riverstone's employees are expected to join Lucent as part of the company's Multimedia Network Solutions business."We are extremely pleased and energized to join forces...
Japanese vendor NEC Corp. may become the latest casualty in the hotly contested mobile-phone market. According to a Reuters report, the company is looking for some kind of partnership with another mobile-phone vendor in order to bolster its sluggish handset business. An agreement could...
Editor's note: At the end of each year, the RCR Wireless News editorial staff looks back on the news events that made headlines and decides which were the most significant, industry-impacting stories during the past 12 months. While our list does not include the...
Editor's note: At the end of each year, the RCR Wireless News editorial staff looks back on the news events that made headlines and decides which were the most significant, industry-impacting stories during the past 12 months. While our list does not include the...
WASHINGTON-The wireless industry has had explosive growth as a result of the policies championed by former FCC Commissioner Kathleen Abernathy, said FCC Commissioner Jonathan Adelstein at Abernathy's final commission meeting last Friday. "The explosion of wireless devices is partly due to your good work,"...
BETHESDA, Md.-Wireless technology and broadband infrastructure provider MobilePro Corp. reported that the city of Akron, Ohio's city council is in the final stages of approving a contract with MobilePro's NeoReach Wireless Division to design, deploy and operate a metro-wide Wi-Fi network with a built-in...
For Leap Wireless International Inc., it's all about clusters. The carrier, which offers its flat-rate Cricket service in 37 markets, furthered its market cluster plans last week, announcing a deal to expand its footprint in the Northwest and exit some of its operations in...
SAN DIEGO-Leap Wireless International Inc. reported plans to exit one of its Midwest markets in favor of expanding its Northwest footprint. The company, which offers its Cricket flat-rate calling service in 37 markets, said it signed an agreement to enter a joint venture with...
With the wireless industry's six largest operators now serving more than 90 percent of the country's wireless subscribers, regional players continue to scramble for their pieces of the pie. Many of these carriers have managed to lower their dependence on volatile roaming revenues, but...
VANCOUVER, British Columbia-PC card maker Sierra Wireless Inc. reported revenues of $21.9 million for the second quarter, a 57.5-percent decrease from the same period last year when the company posted revenues of $51.6 million. Net losses for the quarter were $26.7 million, or $1.05...
VANCOUVER, British Columbia-PC card maker Sierra Wireless Inc. reported revenues of $21.9 million for the second quarter, a 57.5-percent decrease from the same period last year when the company posted revenues of $51.6 million. Net losses for the quarter were $26.7 million, or $1.05...
As third-generation technology and wireless broadband hit the U.S. marketplace, PC card vendors finally may hit their stride. Verizon Wireless is in the process of expanding its CDMA EV-DO network throughout its coverage area, while Sprint Corp. launched its own EV-DO service in 17...
Sierra Wireless Inc. announced it will abandon its attempt at the smart-phone business after a miserable outing with its first product, the Voq Professional Phone. Sierra said it will either divest its Voq business or simply terminate it. Investors reacted with apparent relief, sending...
Sierra Wireless Inc. announced it will abandon its attempt at the smart-phone business after a miserable outing with its first product, the Voq Professional Phone. Sierra said it will either divest its Voq business or simply terminate it.Investors reacted with apparent relief, sending the...
Last week's unexpected exit of PalmSource Inc.'s chief executive officer was counterbalanced by the company's new deals with PalmOne Inc., valued around $187 million. However, PalmSource's future is still unclear at best, and some industry analysts believe its long-term viability is now suspect. "The...
Alcatel shook off the last of its mobile-phone operations by selling its stake in the mobile-phone joint venture it formed last year with Chinese electronics company TCL Communication Technology Holdings Ltd. TCL announced it would acquire Alcatel's 45-percent stake in TCL and Alcatel Mobile...
Less than a month ago, I wrote a column about how the recent lull in wireless activity (mergers, etc.) was just the calm before the storm.Boom! Did you hear the thunder?What a week! Repercussions from wireless carrier consolidation reverberated throughout the industry, affecting wireless...
BURLINGTON, Mass.-Lightbridge Inc. announced plans to sell its wireless technology platform and customer base to VeriSign Inc. for $17.45 million in cash.The e-commerce company said it is off-loading its prepaid intelligent network business, a real-time voice and data usage tracking service marketed to wireless...
WASHINGTON-Come Friday, the Industrial Telecommunications Association is set to become the Enterprise Wireless Alliance as it expands its focus and merges with the American Mobile Telecommunications Association. "New and innovative technologies that promote enterprise business productivity, the ability to compete effectively and contribute to...
The Powell era is over. Michael Powell, chairman of the Federal Communications Commission, said he is leaving the agency within the next couple of months. "Having completed a bold and aggressive agenda, it is time for me to pursue other opportunities and let someone...
For all of the talk about how wireless telephony brings people closer together, it has the opposite effect too. And that's not necessarily a bad thing.Yes, wireless services enable people to connect more than ever. Whether it's a stranded driver calling for roadside assistance...
