Nokia Corp. is in advanced discussions to purchase CDMA EV-DO phones from the phone-making subsidiary of Korean CDMA carrier SK Telecom, according to a report from Reuters. A Nokia spokesman said the company has made no such announcement and is "unable to comment on...
Wireless carriers' spectrum positions have changed radically during the past six months due to industry consolidation, spectrum auctions and other spectrum deals. These changes have been driven mostly by the country's larger operators, which-in addition to supporting an increasing number of wireless subscribers-are being...
Motorola Inc. leapt into the high-volume, low-cost mobile phone business-a space dominated by the likes of Nokia Corp. and Siemens-with plans to sell millions of new phones in emerging wireless markets like India, Turkey, Pakistan, Thailand and elsewhere. The company said it will sell...
The multi-billion dollar wireless industry remains a good bet for investors despite the cutthroat nature of the market and the always-evolving technology, according to reports. However, the sector will continue to have its share of winners and losers. According to a report from investment...
TAMPA, Fla.-Syniverse Holdings Inc.'s initial public offering did little to rally investors as the company's stock remained relatively flat during its first morning of trading. The company is offering around 17 million shares for $16 per share in order to raise about $282 million.Syniverse's...
The beatings on Sierra Wireless Inc. continue. Just a week after the company released dismal first-quarter expectations, a law firm filed suit against the company, alleging the wireless modem maker misled investors and essentially mismanaged its business.Sierra Wireless said it had not yet seen...
Todd Bradley, chief executive of Treo maker PalmOne Inc., announced plans to resign at the end of the quarter. The news alarmed investors, who sent the company's stock down by more than $2 per share to a low of around $24. The stock recovered...
Wall Street stomped Sierra Wireless Inc.-sending the company's stock down an astounding 38 percent to $8.97 per share-after the company said it expects to post a massive drop in first-quarter revenues and a huge loss. Just 12 hours later, Sierra's main rival, Novatel Wireless...
Entertainment publisher Jamdat Mobile Inc. said it will sell content through RadioShack Corp. outlets in what may be the first major agreement between a brick-and-mortar retail chain and a mobile content provider. The program, which is expected to be launched in the first half...
Treo maker PalmOne Inc. announced chief Todd Bradley will resign his position at the end of the quarter. The news seemed to alarm investors, who sent the company's stock down more than 6 percent to about $24.98 per share.PalmOne's President Ed Colligan will take...
WASHINGTON-Another wireless company has pulled the plug on its initial public offering. Handset distributor Brightstar Corp. canceled its planned IPO Wednesday, citing "market conditions and certain other factors," according to regulatory filing. In August, Brightstar had filed for a $115 million public stock offering.The...
Wireless gaming publisher Jamdat Mobile Inc. filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. The company, which has agreements to distribute its application in 38 countries through 72 wireless carriers, said it has...
RICHARDSON, Texas-Navini Networks Inc., a broadband wide-area wireless network provider, said it secured $30 million in series D financing.The funding round was significantly oversubscribed, Navini said. Funds will be used for international expansion and research and development.The round was led by Lehman Brothers Venture...
RICHARDSON, Texas-Navini Networks Inc., a broadband wide-area wireless network provider, said it secured $30 million in series D financing.The funding round was significantly oversubscribed, according to the company. Funds will be used for international expansion and research and development.The round was led by Lehman...
Wireless tower owner Global Signal Inc., formerly known as Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading...
Wireless tower owner Global Signal Inc., formerly Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading today, and...
Cingular Wireless L.L.C. used last week's Lehman Brothers 2004 Global Wireless financial conference to announce its UMTS rollout plans, while rival carrier Sprint Corp. backed off earlier promises that it would wait for DV technology to roll out its high-speed data offering.Cingular said that...
WASHINGTON-The battle for the heart of the Federal Communications Commission continued last week as internal debate raged on regarding the best solution for solving public-safety interference in the 800 MHz band.Verizon Wireless late Thursday let the FCC know it would be "arbitrary and capricious"...
Nextel Communications Inc.'s next-generation plans are set to be tested by the public as the carrier is planning a network trial in the Raleigh-Durham, N.C., area using Flarion Technologies Inc.'s Fast Hopped Low Latency Access with Seamless Handoff, Orthogonal Frequency Division Multiplexing, or Flash-OFDM,...
Wireless stocks posted strong gains in early Wednesday trading following renewed rumors of a possible merger between Cingular Wireless L.L.C. and AT&T Wireless Services Inc. and an upgrade of the wireless sector from neutral to positive by Lehman Brothers.The latest merger rumor between Cingular...
NEW YORK-SBC Communications Inc. told investors at the Lehman Brothers Fifth Annual Telecom, Trends & Technology Conference that it plans to reduce its workforce by 3,000 to 4,000 employees during the current fourth quarter as part of an ongoing staff reduction program through both...
NEW YORK-Global investment bank Lehman Brothers said it appointed Sir Christopher Gent as a non-executive director to its board of directors. His appointment will begin Sept. 1.Gent will step down as the chief executive of the world's largest mobile-phone operator Vodafone Group plc later...
Top execs from Verizon Wireless, AT&T Wireless Services Inc. and Nextel Communications Inc. made appearances at this week's Lehman Brothers conference in New York to discuss their current and future business plans and financial performances. Verizon Wireless' Chief Executive Officer Denny Strigl attributed the...
CANNES, France-Operators and vendors alike expressed a quiet optimism for the upcoming year as the GSM community gathered for its annual global meeting last week in the south of France. The event focused less on when wideband CDMA launches would occur in Europe and...
