PARIS-AT&T Wireless Services Inc.'s technology future was brought into question last week as were the carrier's upcoming third-quarter financial results.Speaking at the UMTS and Mobile Internet conference in Paris, Leo Nikkari, AT&T Wireless' director of 3G industry relations, said the carrier had yet to...
NEW YORK-Citing increased competition and challenges integrating former WorldCom Wireless customers, Lehman Brothers lowered its net customer additions guidance for AT&T Wireless Services Inc.'s third quarter from 300,000 subscribers to 65,000 customers.Lehman Brothers analyst John Bensche said the increased competition concern was due to...
REDWOOD CITY, Calif.-Investors tore Openwave Systems Inc. share prices in half after the company significantly lowered its fourth quarter outlook.Trading in wireless data giant Openwave was massive after the news, as shares dropped more than 50 percent. Openwave's share price was about $2.10-an all-time...
HELSINKI, Finland-Telia, the Stockholm-based Swedish state-controlled telecom company, confirmed 3 July that the company had joined in a bidding contest with Dutch company KPN to acquire troubled KPNQwest's French network.A French judge has been appointed to review bids, but a decision is not expected...
NEW YORK—A new alliance with Korea Digital Satellite Broadcasting is part of an overall plan for LG Telecom to compete successfully with South Korea’s two larger wireless operators, said Yong Nam, president and chief executive officer.In late April, Martin Lee, chief financial officer, told...
BEIJING—China's largest domestic mobile handset maker China Putian is planning an overseas listing. The company sold 28.96 million handsets last year. China Putian is about to appoint Lehman Brothers and China International Capital Corporation (CICC) to assist in its overseas listing, but the scale,...
SCHAUMBURG, Ill.—Motorola Inc. beat analyst expectations and reported a net loss for ongoing operations, excluding special items, for the first quarter ended March 30, of $174 million, or 8 cents per share. Analysts predicted a loss of between 11 cents and 14 cents per...
NEW YORK—AT&T Wireless sold $3 billion worth of global bonds on Thursday, according to co-lead manager Lehman Brothers Inc. Due to nervous investors the carrier postponed the offer from earlier in the week and had to eventually boost yields on the bonds to attract...
CHICAGO—AT&T Wireless said it expects to spend an additional $1 billion upgrading its current network to W-CDMA on top of the $2.5 billion the carrier planned to spend on moving to GSM/GPRS/EDGE.Speaking to investors at a Lehman Brothers conference, AT&T Wireless said it expects...
The NextWave Telecom Inc. saga continued last week as the hopeful wireless wholesaler unveiled funding plans to roll out its network, while its potential wireless competitors/customers continued to look for ways to wrestle some control over licenses that are still waiting for a proper...
With wireless operators expected to spend billions of dollars in the next several years introducing high-speed data capabilities onto their networks, the need for a return on investment is paramount. If consumer's current uptake of wireless data is any indication, ROI may be hard...
Wireless networking recently received a boost from the Federal Communications Commission, which said it was proposing new rules regarding frequency hopping spread spectrum systems operating in the 2.4 GHz band that would allow faster data rates than currently available. The move is expected to...
NEW YORK-As part of its wireless data strategy, TeleCorp PCS officially launched two-way short message service in all its markets May 18 and is offering its customers free three-month trials, Gerald T. Vento, chief executive officer and board member, said at the Lehman Brothers...
NEW YORK-For the price of additional transceiver cards and its Zone Manager product, mDiversity, San Jose, Calif., promises it can double second-generation GSM network capacity without additional base stations or handset modifications."We believe there is a real opportunity in improving today's 2G voice system,...
SAN FRANCISCO-OmniSky Corp.'s first-quarter results reflected an increase in revenue as well as net loss, though the loss was not as extreme as some analysts earlier predicted.Revenues were up to $5.5 million, more than 300 percent greater than last year. But the company's loss...
In a case of less equaling more, Sprint PCS' recent announcement that it was reducing the roaming rates between the carrier and its affiliates is expected to have little effect on the smaller carriers that have come to depend heavily on the rates they...
Chips are falling through the cracks of the slowing economy.Just like phone makers, solutions providers and operators, chip makers are buckling in what analysts describe as their worst time ever.Big names like Texas Instruments, Intel Inc. and Conexant Systems Inc. have reflected the sour...
NEW YORK-With NEC Corp. and Sony Corp. serving as "trend setters" among their in-country peers, Japanese electronics equipment companies are poised to follow the lead of their American and European competitors toward contract manufacturing, said Peter McGowan, managing director of the Lehman Brothers Inc....
The Ides of March hit the telecom space last week as vendor after vendor announced layoffs and subdued forecasts, indicating that the leash on the economic drift continues to lengthen.Swedish equipment maker L.M. Ericsson turned on last week's layoff heat with the news that...
Deutsche Telekom AG's $35 billion proposal to buy U.S. GSM operators VoiceStream Wireless Corp. and Powertel Inc. has been delayed as DT and VoiceStream are said to be re-negotiating the acquisition price due to DT's stock slump, according to The New York Times. In...
The ominous shadow of an economic slowdown is creeping into the wireless industry as vendors reel under unfulfilled earnings forecast, poor sales performance, downgrades and investor anxiety, capping off the gold-rush mentality of the past half-decade which took shareholders, analysts and Wall Street executives...
Like the harmony of opposites, caution and adventure characterize the journey to the wide-scale rollout of GPRS. Vendors are playing starry-eyed idealists while operators are avoiding a possible precipice on board the chief migration vehicle: handsets.In view of their contrasting attitudes, operators' low blood pressure...
DENVER, United States-Like the harmony of opposites, caution and adventure characterize the journey to the wide-scale rollout of General Packet Radio Service (GPRS). Vendors are playing starry-eyed idealists, while operators are avoiding a possible precipice on board the chief migration vehicle: handsets.In view of their...
As wireless carriers began bidding on 422 personal communications services licenses up for grabs in the government auction last week, investors were hoping carriers were not feeling extra generous due to the holiday season.Previous spectrum auctions have seen prices escalate rapidly-along with investor fears...
