NEW YORK-A U.S. class action lawsuit was filed last week against Turkish cell-phone operator Turkcell. The lawsuit was commenced on behalf of all persons or entities purchasing Turkcell Iletisim Hizmetler A.S. American Depository Shares from July 10 to Sept. 21.Turkcell, Turkey's dominant cell-phone operator...
NEW YORK-For telecommunications companies that believe the capital markets have become like Ebenezer Scrooge, Gerald W. Thames, a principal of the new Lehman Brothers Inc. Global Communications Fund, offers some Christmas cheer.Thames, who said he spent 30 years on the other side of the...
In pursuit of a more consolidated fixed-wireless infrastructure industry, Western Multiplex Corp. entered an agreement last week to acquire Adaptive Broadband Corp. for $645 million in stock."The combination of Western Multiplex and Adaptive Broadband creates the broadest-based wireless infrastructure company in the world," said...
The business of stealing cars is a $7 billion game that every year saps the resources of law enforcement and results in a financial and personal loss for car owners. A wireless technology exists, however, that can track the location of a stolen car...
Qualcomm Inc.'s much-battered stock received a vote of confidence last week as Lehman Brothers released an equity research report reiterating its "Buy" rating of the company's stock, which has seen its value fall from a 52-week high of $200 per share earlier this year...
NEW YORK-A 6-percent average summer dip in the price of shares in American Tower Corp., Crown Castle International, Pinnacle Towers Inc., SBA Communications and SpectraSite Communications also reflected "a shift of investors out of telecom into what are perceived to be faster growth areas,"...
NEW YORK-Wireless users may be free of the wire but not of the clutter. Despite the image of untethered communications, they are burdened with a bevy of devices.Only technology buffs are willing to carry around a bag full of wireless communicators that cannot interact...
NEW YORK-Metricom Inc. is on track to launch its new Ricochet service with data speeds up to 128 kilobits per second in New York and several other cities markets by the end of September, Timothy A. Dreisbach, chairman and chief executive officer, said.Positioning itself...
NEW YORK-Merger prospects tend to have a significant impact on a company's share price, although the degree of that influence can be difficult to precisely identify.The second-largest domestic personal communications services carrier, VoiceStream Wireless Corp., saw its stock price rise by less than $5,...
NEW YORK-Western Multiplex Corp., Sunnyvale, Calif., a broadband wireless access equipment provider, went public last week with a 7.5-million share offering of common stock, priced at $12 each.The company, formerly part of Glenayre, develops systems used in both the licensed and unlicensed portions of...
The upcoming U.S. spectrum auctions present some interesting times for the wireless industry.Auctions in the past were more predictable, primarily reserved for veteran executives experienced in running wireless networks.Today, the story is much different. Wireless has caught the attention of many powerful and nontraditional...
Wireless carriers spend billions of dollars on spectrum to support the latest high-speed wireless applications that are designed to change the way the world communicates. Knowing they can't provide that potential to end users without the proper infrastructure, companies are also spending a little...
Sprint PCS affiliate IWO Holdings filed a prospectus with the Securities and Exchange Commission to raise $173 million in an initial public offering. The company said it would use proceeds from the offering to expand its network. IWO serves more than 56,000 subscribers in...
NEW YORK-Excluding the third-generation wireless impact, the number of cell sites for mobile communications in the United States likely will reach 140,000 in the next two years, said Ric Prentiss, senior vice president of equity research for Raymond James & Associates.Citing Cellular Telecommunications Industry...
BOULDER, Colo.-SignalSoft Corp. filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock.The company said Salomon Smith Barney will act as the lead managing underwriter of the offer with Donaldson, Lufkin and Jenrette, and Lehman...
NEW YORK-The Federal Communications Commission 700 MHz auctions in May will be "a significant industry-transforming event and near-term catalyst ... in the race toward wireless data," John Bensche, senior analyst for Lehman Brothers Inc., said.Bidding teams could well include Internet service and content providers,...
NEW YORK-Tower companies are sitting pretty and poised for even greater prosperity in 2000 and beyond as domestic demand for their properties grows.Prime movers in this rosy scenario are the "booming" cellular and personal communications services providers, whose voice traffic and subscriber numbers are...
KANSAS CITY, Mo.-Sprint PCS reported earnings for the fourth quarter and year ended Dec. 31, of $996 million and $3.18 billion, respectively. This marks a significant increase from the $437 million and $1.23 billion reported for the 1998 fourth quarter and year.For the fourth...
NEW YORK-Dobson Communications, Oklahoma City, sold its 25 million share initial public offering Feb. 4 at a price of $22 each, the top of the expected range.By midday Friday, the stock price had risen to $24.63 in trading on the New York Stock Exchange....
Expectations among industry financial analysts that Motorola Inc.'s fourth quarter earnings will exceed consensus estimates of 81 cents per share caused the company's stock to skyrocket Friday to $150 a share.Motorola is expected to release fourth quarter earnings today.Lehman Brothers analyst Tim Luke raised...
After months of speculation over what would happen to Sprint PCS' GSM network in Washington, D.C., Omnipoint Corp. and VoiceStream Wireless Corp. have agreed to purchase the network for an undisclosed amount, saving their Global System for Mobile communications customers from a potential black...
Wireless stocks became the darling of Wall Street this year.Just a year ago analysts were predicting the death of stand-alone wireless stocks as landline companies planned to fold their wireless assets in with the rest of their companies to reflect their desires to be...
Bell Atlantic Mobile purchased six 10-megahertz personal communications services licenses from Rivgam Communications L.L.C. to increase voice capacity and prepare for the onslaught of high-speed data applications.The cellular operator purchased D- and E-block licenses in Buffalo, N.Y., Philadelphia, Atlantic City, Washington, D.C., and two...
Convinced that wireless growth was significantly outpacing its own estimates, Lehman Brothers Inc. last week dramatically upped its long-term forecast for the wireless industry and upgraded a number of wireless stocks."I think of the analogy of an earthquake where pressure builds up on either...
