SAN DIEGO-Leap Wireless International Inc., which filed for Chapter 11 bankruptcy protection earlier this week, reported $567.7 million in full-year 2002 revenue, more than double the $255.1 million the company reported for all of 2001. Net losses also increased from $483.3 million in...
SAN DIEGO-Leap Wireless International Inc. filed an extension with the Securities and Exchange Commission noting its 10-K report filing would be delayed until the middle of April.The company noted it has been in negotiations with its creditors that have caused key terms and provisions...
CARLSBAD, Calif.-Wireless broadband solution provider Alvarion Inc. said its BreezeACCESS solution, being used by police officers in Helper, Utah, has helped in the recovery of stolen property and sped the arrests of suspects.The technology provides mug shots and other suspect data to patrol officers...
PORTSMOUTH, N.H.-Meetinghouse Inc., Portsmouth, N.H., has introduced its AEGIS Client for Pocket PC 2002, which it said, "supports a broad range of Extensible Authentication Protocol methods, including MDS, TLS, TTLS, Cisco LEAP and PEAP, to meet the security needs of enterprise networks."In addition to...
SAN DIEGO, Calif.-Qualcomm Inc. posted a first-quarter net profit of $241 million, or 30 cents per diluted share, a rise from a profit of $139.2 million, or 17 cents a diluted share, in the same period last year.It recorded $1.1 billion in revenue for...
DALLAS-Texas Instruments Inc. suffered a fourth-quarter loss of $589 million, or 34 cents a share, on revenue of $2.1 billion. This contrasts with a $116 million loss, or seven cents a share, last year.However, the company's shares rose because of TI's sales leap to...
LOS ANGELES-A lawsuit has been filed in the U.S. District Court for the Southern District of California against Leap Wireless International Inc. on behalf of purchasers of Leap securities between Feb. 11, 2002 and July 24, 2002.The lawsuit charges Leap with making false and...
Fresh off the government's decision to release all participants from the financial responsibility related to the ill-fated auction of NextWave Telecom Inc.'s wireless spectrum, Verizon Wireless Inc. purchased 50 wireless licenses from Long Island, N.Y.-based Northcoast Communications L.L.C.The $750 million cash deal, which is...
spectrum in Northcoast buyFresh off the government's decision to release all participants from the financial responsibility related to the ill-fated auction of NextWave Telecom Inc.'s wireless spectrum, Verizon Wireless Inc. purchased 50 wireless licenses from Long Island, N.Y.-based Northcoast Communications L.L.C.The $750 million cash...
SAN DIEGO-Leap Wireless International Inc. will be delisted from the NASDAQ National Market, effective immediately.Leap was notified this week that the NASDAQ Listing Qualifications Panel denied its request for continued listing despite its inability to trade at the required $1 per share minimum for...
FARGO, N.D.-IDA Corp., Fargo, N.D., has made commercially available Know-it NOW, an interface that lets cell phones enabled with text messaging to query the company's Global Trakit Data Center for the address locations of vehicles or equipment units anywhere in the United States."The cellular...
SAN DIEGO-In the midst of a corporate restructuring, Leap Wireless International Inc. reported $155.2 million in total revenues for the third quarter, more than double the $66.7 million it posted for the same quarter last year. Net losses dropped from $160.7 million last year,...
SAN DIEGO-Leap Wireless International Inc. said it was notified by the Nasdaq Stock Exchange that its stock would be delisted on Oct. 11.The exchange said Leap has failed to comply with its shareholder approval requirements, failed to comply with the net tangible assets and...
SAN DIEGO-Leap Wireless International Inc. received approximately $22.2 million in cash from the sale of its equity interests in Mexican operator Pegaso Telecommunications to Spanish carrier Telefonica. Leap said it expects to receive approximately $15.8 million next quarter in repayment of convertible notes issued...
MEXICO CITY-Telefonica Moviles SA completed its integration of recently acquired Mexican wireless operator Grupo Pegaso, becoming the country's second-largest wireless carrier with more than 2 million customers.Telefonica acquired 65 percent of Pegaso from Sprint Corp., Leap Wireless International Inc. and other investors for $87...
NEW YORK-Citing the default on interest payments by Cricket Communications Inc., the operating subsidiary of Leap Wireless International Inc., which has about $2.1 billion in outstanding debt, Standard & Poor's Corp. has lowered the carrier's speculative-grade rating to CC from CCC-minus."The default by the...
SAN DIEGO-Leap Wireless International Inc. issued approximately 21 million shares of common stock to MCG PCS Inc. as ordered by an arbitrator as part of a purchase price adjustment for wireless licenses Leap acquired from MCG in Syracuse and Buffalo, N.Y.Leap reiterated that because...
SAN DIEGO, United States-U.S. operator Leap Wireless International has retained UBS Warburg to help the carrier explore new sources of financing and restructuring for its debt and said it will begin discussions with creditor groups in the near future to address the financial challenges...
NEW YORK-Citing concerns regarding the company's ability to secure additional funding, Standard & Poor's Rating Services lowered its corporate credit rating on Leap Wireless International Inc. to triple-C-minus from single-B-minus. S&P said Leap's credit rating remains on CreditWatch with negative implications and that the...
SAN DIEGO-A binding arbitrator said Leap Wireless International Inc. will have to pay an additional $41 million in cash or approximately 21.5 million shares to MCG PCS Inc. for wireless licenses Leap purchased in April 2000, covering Buffalo and Syracuse, N.Y.MCG claimed a purchase...
SAN DIEGO-Leap Wireless International Inc. posted $151.1 million in total revenue for the second quarter, well ahead of the $47.8 million the company reported for the same quarter last year. Net losses also increased from $128.5 million last year, a loss of $3.91 per...
SAN DIEGO-Leap Wireless International Inc. reported ending the second quarter with approximately 1.452 million subscribers to its Cricket service, below company guidance of 1.5 million customers.The carrier blamed aggressive dealer incentives and handset promotions from traditional carriers for the customer addition shortfall. Leap also...
SAN DIEGO-More than 26 percent of Leap Wireless International Inc. Cricket customers reported they do not have a traditional wireline phone at home, according to a company survey, well ahead of the low single-digit percentage for all wireless customers as reported by the Yankee...
