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Palm gets eager hands on new cash, executives: Treo maker confident it will lead, but analysts wary

Executives at Palm Inc. appear to believe they've bought the time and talent to move from less than 3% of the smartphone market to leadership in mobile computing.To paraphrase Neil Armstrong, that's a giant leap . for any company, analysts said. This is perhaps...

Worst of the Week: Amp’d and the pre-emptive bankruptcy strategy

Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR to rant and rave about whatever rubs us the wrong way....

Financial ratings wrap-up: MetroPCS, Apple, Sierra Wireless and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services affirmed its CCC rating on Cricket Communications Inc.'s $1.035 billion of senior unsecured notes due 2014 and affirmed its...

Wireless banking

Remember James D. Dondero, the Highland Capital Management L.P. honcho who made Motient Corp. want to forget 2006 and all the fun that comes with nasty proxy fights and lawsuits? Dondero has some folks scratching their heads about why he sold 93,000...

Has customer growth peaked? : Q1 numbers from nation’s top carriers show signs

With domestic wireless penetration nearing 80%, signs of slowing customer growth may be beginning to show. The nation's four largest carriers brought in fewer customers in the first quarter of this year than in the same quarter of the past three years, posting...

Leap to sell $285M in notes to support expansion

Leap Wireless International Inc. said that it intends to sell $285 million in senior notes in a private placement to institutional buyers. The flat-rate carrier said that net proceeds from the offering would be used for general corporate purposes, including the build-out of new...

DE rules shaky, but AWS results expected to stand: Court decision pertinent ahead of 700 MHz auction

PHILADELPHIA-A three-judge appellate panel hinted the Federal Communications Commission's small-business bidding rules could be on shaky legal ground, but seemed hesitant about throwing out results of last year's $13.7 billion advanced wireless services auction.Council Tree Communications Inc., Bethel Native Corp. and the Minority...

Financial ratings wrap-up: Leap, Motorola, Analog Devices and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services lowered its ratings on Alltel Corp. to BB from A- and kept the company on CreditWatch with negative implications...

DE rules shaky, but AWS results expected to stand

A three-judge appellate panel hinted the Federal Communications Commission's small business bidding rules could be on shaky legal ground, but seemed hesitant about throwing out results of last year's $13.7 billion advanced wireless services auction.Council Tree Communications Inc., Bethel Native Corp. and the Minority...

Leap using TechnoCom for E911 testing

Leap Wireless International Inc. is using TechnoCom Corp. for testing and optimizing E911 services for the carrier's Cricket offering, enabling the carrier to potentially offer location-based services as well-a step the carrier has not made a decision on, according to a spokesperson.TechnoCom said its...

Sprint Nextel expands unlimited trial

Sprint Nextel Corp. has extended its unlimited voice and data trials to Minneapolis-St. Paul, Tampa, Fla., and Philadelphia, branching out from its initial market in San Francisco.The carrier has two unlimited plans available: a $120 per month plan with unlimited voice, text and data...

New Leap stores get brighter, less cluttered

Say goodbye to the lily-pad carpet. Leap Wireless International Inc. is redesigning its new retail stores, hoping to appeal to an audience beyond its budget-conscious core demographic. The existing stores will stay as is, according to Leap officials, but going forward new stores will...

Retail Snapshot: Leap tries to shed no-frills image

Editor's Note: In this monthly feature, RCR Wireless News talks to retail managers across the country to get a first-hand view of what's hot in wireless.By Kelly HillLeap Wireless International Inc.'s Cricket store in Greenwood Village, Colo., is the first of the carrier's outlets...

Calif. plans statewide wireless alert system

California announced plans to develop and launch a statewide emergency cellphone alert system within 12 to 14 months. The move is definitely apropos for "the Golden State," which has long prided itself on being a leap ahead of other states and the federal status...

Financial ratings wrap-up: U.S. Cellular, Leap, Alcatel-Lucent and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --RW Baird raised its estimates on U.S. Cellular Corp. after the carrier reported strong first quarter results. The firm raised its forecast on the...

Sprint Nextel expands unlimited trial, competition adjusts

Sprint Nextel Corp. has extended its unlimited voice and data trials to Minneapolis-St. Paul, Tampa, Fla. and Philadelphia, branching out from its initial market in San Francisco.The carrier has two unlimited plans available: a $120 per month plan with unlimited voice, text and data...

Leap ringing in Charleston

Leap Wireless International Inc. is set launch its Cricket-branded services in Charleston, S.C., tomorrow. The flat-rate carrier plans to open two company-owned stores, and has established a network of seven exclusive wireless retailers and 20 retail locations in the Charleston area. The Charleston launch...

Financial ratings wrap-up: Leap, Nortel, Powerwave and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley raised its price target on Leap Wireless International to $94 from $73 due to increased subscriber growth and ARPU expansion. Credit Suisse...

Leap triples subscriber adds in Q1: Flat-rate carrier’s net loss hits $8.1M

Leap Wireless International Inc. nearly tripled its net customer additions during the first quarter of 2007 compared with the same period last year, landing more than 318,000 new users and bringing its customer base to more than 2.5 million.Leap's service revenues were up 51...

Leap offers weekly Cricket service

Leap Wireless International Inc. unveiled a new payment schedule for its Cricket wireless service that allows customers to pay their bills on a weekly basis.The carrier's new Cricket by Week product is priced at $18 per week and includes unlimited anytime minutes, domestic long...

FCC plans for 700 MHz draw heated debate

Nearly drowned out in broad policy debates over controversial public-safety and broadband wireless proposals are pressing questions about how the Federal Communications Commission will craft the 700 MHz band plan. A coalition of 21 small- and medium-sized wireless and wireline carriers and state regulatory...

Palm’s outlook, RIM’s results: Palm quashes M&A talk while RIM deals with fickle investors

Both companies' stock has been bid up, though for opposite reasons, and both companies seek to expand their traditional markets by intruding on the others' turf. They both make smartphones for a dedicated cadre of end users in North America, and they're expanding to...

Financial ratings wrap-up: Leap, iPCS, RIM and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Prudential Equity Group initiated coverage on Leap Wireless with an overweight rating and a $90 price target. The firm said it sees Leap as...

Leap strikes back, makes unlimited messaging free for all

Leap Wireless International Inc. has retooled its price plans and included unlimited messaging in all of its plans-bucking the current industry trend of charging more for text messages. Instead of charging an additional $5 per month for unlimited messaging, Leap has opted to include...