SAN DIEGO, Calif.-Qualcomm Inc.'s financial results for the second quarter of fiscal 2003 reflect improvements in revenues, income and earnings.The company reported revenues of $1 billion, up 50 percent since last year's second-quarter figures, which it said was due to increasing global demand for...
SURABAYA, Indonesia-Following last year's shareholding increase to 47.9 percent in Malaysia's Celcom, government-owned telecommunication operator Telekom Malaysia offered US$1 billion to take over the rest of Celcom.Celcom's remaining major stakeholders include the Employees Provident Fund (EPF) and Tabung Haji, which account for a combined...
FRANKFURT, Germany-Following the exit of the company's majority shareholder, European mobile commerce company Paybox said it will shut down its consumer-oriented services-which totals 750,000 users-and will focus solely on the business-to-business market."We deeply regret this step. We are not only losing customers and merchants,...
The exit of Sir Christopher Gent from the chief executive post at Vodafone marks a milestone for the company and the industry. Unlike many of his counterparts, Gent is stepping down from his post rather than being forced out. Gent, named RCR Wireless News...
The exit of Sir Christopher Gent from the chief executive post at Vodafone certainly marks a milestone for the company and the industry. Unlike many of his counterparts, Gent has chosen to step down from his post rather than being forced out. Gent has...
By Mike DanoMotorola scrapped its instant-messaging server business earlier this year and plans to focus solely on providing instant-messaging software in its handsets, a move that comes amid drastic cost-reduction efforts at the company that include cutting one-third of its workforce."It was a strategic...
Motorola Inc. scrapped its instant-messaging server business earlier this year and plans to focus solely on providing instant-messaging software in its handsets, a move that comes amid drastic cost-reduction efforts at the company that include cutting one-third of its workforce."It was a strategic decision...
MANCHESTER, United Kingdom-Among the key issues worrying investors and wireless protagonists surrounding European third-generation (3G) in Germany and France includes the question of how many operators the markets can support.Skeptics are coming out of the wireless woodwork to question whether greenfield operators can survive...
MELBOURNE, Australia-Consumers contacted Australia's Telecommunications Industry Ombudsman 62,275 times to complain about telephone and Internet services last financial year, a drop of 13 percent on the previous year, the organization's annual report released on Wednesday stated.In particular, the report revealed much customer disquiet with...
WASHINGTON-The wireless market is competitive so the Federal Communications Commission should not impose exit regulations on mobile-phone carriers, the Cellular Telecommunications & Internet Association told FCC Chairman Michael Powell on Thursday."Requiring providers to secure permission to discontinue their services, however, offers no countervailing...
MINNEAPOLIS-Following ADC Telecommunications Inc.'s earlier announcement it intended to lower its quarterly break-even sales point toward $250 million per quarter from its original goal of $300 million, the company has decided to exit the optical components business and will sell or close these product...
REDMOND, Wash.-AT&T Wireless reported 417,000 net customer additions for the second quarter, well below previous guidance and analysts' estimates of around 550,000 net additions for the quarter. The carrier blamed a large part of the shortfall on resale partner WorldCom Inc.'s decision to exit...
BEIJING-Ningbo Bird, China's largest manufacturer of pagers, phased out its pager production this month. When the paging business was at its peak in 2000, Ningbo Bird's market share was second only to Motorola. Bird also operated paging services in 14 cities.The total number of...
CARROLLTON, Texas-CellStar Corp., a wireless logistics and distribution services provider, reported July 9 a net loss of $5.91 million, or 49 cents per share, on revenues of $573.26 million for the second quarter, which ended May 31.For the same period a year ago, the...
ROME—Telekom Austria has acquired Telecom Italia Mobile's 25-percent stake in mobile operator Mobilkom Austria for $676 million, of which $651.5 is the purchase price and $24.5 million is the dividend for the 2001 financial year. TIM also reached an agreement with Telekom Austria's main...
NEW YORK-CellStar Corp., a Carrollton, Texas-based distribution and logistics provider to the wireless communications industry, said June 5 it plans to exit Argentina, Peru and the United Kingdom "as soon as practical."The company expects to record a one-time, after-tax charge of about $10 million,...
CLINTON, Miss.—Following weeks of speculation, WorldCom Inc. officially announced it is exiting the wireless resale business and laying off about 2,200 related employees."After carefully assessing our business and the current market conditions for wireless resale services, we have decided to exit the wireless resale...
CLINTON, Miss.—WorldCom Inc. will reportedly exit the wireless resale business during the coming months.The San Francisco Chronicle said it obtained a letter from WorldCom's general counsel to several key sales agents stating the wireless resale business "is not consistent with its core strategic business...
CLINTON, Miss.—WorldCom will reportedly exit the U.S. wireless resale business during the coming months.The San Francisco Chronicle said it obtained a letter from WorldCom's general counsel to several key sales agents stating the wireless resale business "is not consistent with its core strategic business...
DENVER, United States—A potentially important deal between Motorola and Multitone Electronics has fallen through, Motorola confirmed, which leaves the paging and messaging landscape still more uncertain.Last year, Motorola announced it would exit the paging and messaging industry altogether, and would stop making its one-...
BOYNTON BEACH, Fla.—A potentially important deal between Motorola Inc. and Multitone Electronics has fallen through, Motorola confirmed, which leaves the paging and messaging landscape still more uncertain.Last year Motorola announced it would exit the paging and messaging industry altogether, and would stop making its...
