WESTBOROUGH, Mass.—News from the nation's paging and messaging companies continues to fly, as one announced its plan of reorganization was approved by its bankruptcy court and another said it will withhold filing its quarterly 10-Q report due to "certain activities in process that, upon...
BOULDER, Colo.-Cellport Systems Inc. laid off about 80 employees and plans to exit the hands-free car kit manufacturing business.Company spokeswoman Lori Pidick told The Denver Post that all the demand and interest in Cellport's product drained the company's capital resources.Cellport wants to find another...
BOYNTON BEACH, Fla.—Korean wireless device maker HuneTec Co. Ltd., which licensed Motorola Inc.'s ReFLEX two-way paging technology, is the latest in a string of companies seeking to fill the gap Motorola left in the U.S. paging market after its departure.HuneTec said it plans to...
NEWARK, New Jersey, United States—IDT said Winstar Communications will exit the wireline resale business entirely, exit its fixed-wireless business in certain of its smaller markets and consolidate certain facilities and functions with IDT to bring Winstar to profitability by the end of the year.IDT...
INDIANAPOLIS—Brightpoint Inc. said it showed a net loss of 83 cents per share on revenues of $409 million for the fourth quarter of 2001, compared with a year-ago net income of 31 cents per share on revenues of $520 million. The company added that...
Shortly after Motorola Inc. reconfirmed its guidance for fourth-quarter sales and revealed another 9,400 jobs will be eliminated during the next year, the company boldly predicted it will increase its share of the global handset market from approximately 15 percent to 25 percent over...
1. Jan. 29Re-auction brings in record $17B to FCCAfter 101 rounds and $16.85 billion, the Federal Communications Commission's auction of 422 personal communications services licenses ended last Friday. The auction, which began Dec. 12, broke the previous record of $9.2 billion for PCS spectrum...
WESTBOROUGH, Mass.—Arch Wireless Inc. said it will file for file for Chapter 11 bankruptcy by Jan. 15 in order to restructure its long-term debt. The company owes about $2 billion.The move comes as little surprise as Arch has made numerous hints at bankruptcy in...
TORONTO—Com Dev International announced it is divesting its wireless division. The Cambridge, Ontario-based developer of wireless infrastructure and satellite hardware subsystems said it took a non-cash C$57.8 million (US$36.5 million) charge for the writedown and a C$14.1 million (US$8.9 million) exit cost provision in...
NEW YORK—Winstar Communications Inc. intends to file with the Bankruptcy Court in the District of Delaware a motion to establish procedures for an auction of the company's assets in early December, the company announced. Winstar has been working toward a potential sale of or...
REDMOND, Washington, United States—AT&T Wireless Services said in its third-quarter earnings report that it has decided to exit the fixed wireless business during the next several months. AT&T Wireless said when it became an independent company earlier this year, its fixed wireless business had...
WASHINGTON-Yet again the Federal Communications Commission (FCC) has rescheduled the auction of spectrum licenses being made available by the television transition to digital to 19 June, 2002.The auction was last scheduled for 12 September. The wireless industry had urged the FCC to hold off...
WASHINGTON—The Federal Communications Commission (FCC) has loosened its rules to help facilitate the opening up of spectrum as TV transitions from analog to digital.The new rules will allow TV broadcasters to continue to broadcast in analog past mandated deadlines if the broadcaster has agreed...
NEW YORK-"The business of resurrections is a very holy thing, taking companies that are dead, dead, dead and making them rise, rise, rise," said Art Beroff, an angel investor and merchant banker, at the recent Internet Breakfast Club seminar, "Saved by the Shell: Reverse...
A billing discrepancy is to blame for a disastrous subscriber and revenue miscalculation that could potentially force Arch Wireless Inc., the nation's largest paging and messaging company, into bankruptcy.Arch announced last week it is retracting its last-ditch-effort plan to restructure its burgeoning debt and...
It's quiet out there in the paging and messaging industry.Perhaps too quiet.WebLink Wireless Inc., Arch Wireless Inc. and Metrocall Inc. are the three largest independent paging and messaging companies in the country, and it seems their fates are intricately entwined. They are all facing...
WASHINGTON-The Federal Communications Commission indefinitely postponed the scheduled Sept. 12 auction of licenses in the 700 MHz band, amidst a move in the House Appropriations Committee to stop setting arbitrary deadlines for spectrum auctions.The auction was postponed, the FCC said, to give the agency...
It's been almost two months since Glenayre Technologies Inc. said it would discontinue its paging infrastructure operations-a business Glenayre has been an integral part of for nearly 40 years, a business it helped create. It is a move company executives said was inevitable and...
The bad news for Globalstar Telecommunications Ltd. continues to mount following the filing of a second complaint by Ericsson Inc. against the mobile satellite communications provider, claiming Globalstar failed to buy the number of phones from Ericsson agreed to under contract.In May, Ericsson accused...
CHARLOTTE, N.C.-Glenayre Technologies Inc. scored a major, $750,000 sale for its @ctiveMessaging unified messaging platform to Edge Wireless Inc., an AT&T Wireless Communications Inc. affiliate.The deal comes shortly after Glenayre announced it would exit the paging infrastructure business and focus solely on its unified...
Glenayre Technologies Inc. announced a massive restructuring plan last week that includes cutting 55 percent of its work force-a full 700 positions-and completely dismantling its wireless messaging infrastructure division. Glenayre officials said the company would refocus its energies on its unified messaging products and...
NEW YORK-The worst is just behind or dead ahead for technology stocks, depending on whether you believe the bull or the bear who shared the dais at the New York Society of Security Analysts' "Internet Economy Conference."Federal Reserve Board Chairman Alan Greenspan has become...
LONDON-Vodafone Group plc has agreed to pay $6.9 billion total for British Telecommunications plc's interests in Japan and Spain.The sale includes BT's 20-percent stake in Japan Telecom and its 20-percent stake in J-Phone Communications, JT's mobile subsidiary, making Vodafone the largest shareholder of JT...
