Standard and Poor's has downgraded U.K. telecom equipment maker Marconi to "BBB-" from "BBB+", just on the edge of junk bond status. The credit ratings agency said it could downgrade the company further if sales and profitability did not improve.Rental car company Hertz Corp....
FALLS CHURCH, Virginia, United States—Motorola said it has sold its Integrated Information Systems Group to defense contractor General Dynamics for US$825 million in a deal expected to close within 60 days.The Motorola unit, which employs 3,000, hopes to make US$830 million in revenues for...
NEW YORK-In profits, the category that counts the most, Nokia Corp. retained top billing, with Ericsson Inc. holding on to second place, according to information from Standard & Poor's.Lucent Technologies Inc., which ranked sixth last year, moved into third place, displacing ADC Telecommunications Inc.,...
LOS GATOS, Calif.-Metricom Inc. said it signed contracts with three construction companies for the physical deployment of its Ricochet 128 kilobit-per-second mobile data network.Wireless Facilities Inc., General Dynamics Worldwide Telecommunications Systems and Whalen & Co. will work simultaneously in various markets to complete the...
Qualcomm Inc. placed 6.9 million shares of its common stock in a public offering at $156.50 per share for total net proceeds of about $1.1 billion.Conductus Inc. said its common stock will remain listed on the Nasdaq SmallCap Market thanks to an exception freeing...
Culminating seven years of development and fine-tuning, American Mobile Satellite Corp. has launched the country's first satellite for mobile communications, giving lift-off to a new form of wireless services.Hughes Communications Inc., a division of GM Hughes Electronics, built AMSC's geostationary satellite, supporting mobile voice...
