The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --RBC Capital Markets raised its price target on Verizon Communications to $44 from $41 after the company reported in-line third-quarter financials. Lehman Brothers raised...
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 cut its EPS estimate on Sprint Nextel to 82 cents for 2008 to reflect weak current operating results and WiMAX buildout costs....
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 cut its price target on Embarq Corp. to $55 from $59, saying it expects the company's stock to underperform relative to the broader...
Leap Wireless International Inc. sent a stinging rebuke to MetroPCS Communications Inc. in response to its merger proposal, but most analysts believe the public sparring is simply a precursor to an almost inevitable merger.Both companies, which compete in the flat-rate, unlimited space and have...
Leap Wireless International Inc. rejected a merger proposal from MetroPCS Communications Inc., saying that the offer fails to fully account for Leap's growth prospects, undervalues Leap's business, and favors MetroPCS' shareholders over those of Leap.Leap made its response-a letter from CEO Doug Hutcheson to...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --R.W. Baird adjusted its third- and fourth-quarter estimates on MetroPCS Communications Inc. to reflect a delay in the launch of the company's Los Angeles...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--R.W. Baird raised its EPS estimate on Alltel to $2.84 from $2.80 after the company reported solid second-quarter results. Lehman Brothers raised its estimates on...
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 revised its outlook on AT&T Inc. to stable from negative and affirmed its ratings.--Standard & Poor's Ratings Services revised...
The following lists includes venture capital and other investments into wireless companies announced this week.--Brightstar: Lindsay Goldberg, a New York-based investment partnership, invested $283 million in Brightstar Corp. The equity financing makes Lindsay Goldberg the company's largest shareholder behind its founder, Marcelo Claure. Brightstar...
Tira Wireless said it will expand beyond mobile entertainment after pocketing $5 milion in a Series D funding round.The San Mateo, Calif.-based company has gained considerable traction by helping game-makers and other publishers deploy their offerings across a broad swath of devices and networks....
AT&T Inc. and Verizon Communications Inc. see opportunities ahead for their international operations, according to remarks by company executives at last week's Lehman Brothers Worldwide Wireless and Wireline conference. Meanwhile, Sprint Nextel Corp. is doing its darnedest to convince Wall Street that the company...
Motorola Inc. said it would cut 4,000 more jobs in the coming year, on top of 3,500 job cuts to be completed by next month. The reduced headcount at the world's No. 2 handset vendor is part of a $1 billion restructuring the...
The top two handset vendors made small ripples this week in near-perfect juxtaposition. They both want something the other has-and gettin' some is going to be difficult. Nokia Corp. announced yesterday that it will make two of its premium N-series devices available for sale...
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 raised its estimates on AT&T after the carrier reported strong EPS for the first quarter. New estimates are $2.85 rather than...
Glu Mobile Inc. raised $84 million with an initial public offering priced near the top of its range.The San Mateo, Calif.-based wireless game maker offered 7.3 million common shares at $11.50 compared with a $10 to $12 per-share forecast range. The stock gained 4...
Starent Networks Corp. filed plans for an initial public offering. The company hopes to raise $115 million, according to reports.The infrastructure software developer said the number of shares to be sold and the price range for the proposed IPO has not been determined. Goldman,...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Credit Suisse First Boston lowered its 2007 EPS estimate on Sprint Nextel Corp. to 82 cents from 86 cents after the company reported fourth-quarter...
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 revised its outlook on SunCom Wireless Holdings to positive from negative after it reached an agreement with bondholders to...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors Robert W. Baird upgraded Nortel Networks to outperform from neutral and raised its price target to $34 from $27, saying the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarrierMorgan Stanley raised its industry view on the telecom services business to in-line from cautious based partially on positive expectations for AT&T. The company increased...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Credit Suisse First Boston adjusted its estimates on AT&T Corp. to reflect the integration of BellSouth Corp. and Cingular Wireless. The company said it...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Lehman Brothers raised its estimates on Dobson Communications on the potential the company will seek strategic alternatives in advance of the upcoming 700 MHz...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierRW Baird lowered its rating on Alltel Corp. to neutral from outperform after...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierStandard & Poor’s Ratings Services lowered its corporate credit rating on Telephone &...
