SAN DIEGO—Qualcomm Inc. reported third-quarter results of $1.95 billion in revenue and $643 million in net income, increases of 44 percent and 15 percent, respectively, from the year-ago quarter. The chip vendor attributed earnings to sales of its CDMA2000 1x EV-DO and W-CDMA chipsets....
SEOUL, South Korea— LG Electronics Co. Ltd. reported a net loss of $10.1 million on static sales of $6.1 billion in the second quarter on lackluster handset shipments and poor performance in its liquid crystal display joint venture with Philips Electronics. The net loss...
The competitive landscape for the world's top five mobile-phone vendors at mid-year has come into clearer focus with second-quarter earnings already reported or expected this week. The plot has thickened perhaps, while not varying much from earlier episodes of this long-running, global industry serial....
SEOUL, South Korea—Samsung Electronics Co. Ltd., the world’s third-largest mobile handset vendor, said revenue from mobile-phone sales fell 4.5 percent to $4.2 billion from the year-ago quarter on shipments of 26.3 million units, missing analysts’ reduced expectations for the company. The company blamed erosion...
BASKING RIDGE, N.J.—Verizon Wireless will sell LG Electronics Co. Ltd.’s "Chocolate" phone, a stylish, black device that slides open and plays digital music. A picture of and information on the phone were posted on Verizon’s Web site. The site lists the sliding-style phone as...
COPPELL, Texas—Shares of CellStar Corp. jumped after the company reported a profitable quarter and unveiled a distribution agreement with LG Electronics Co. Ltd. The wireless distributor reported a net income of $2.7 million during the quarter, a dramatic turnaround from its loss of $9.4...
ANYANG, South Korea-South Korean handset vendor VK Mobile has gone under, according to news reports. The company, which entered business as a battery maker in 1997, had set its sights on becoming a global brand and had cut deals to supply handsets to mobile...
VANCOUVER, British Columbia-XM Canada is teaming with Canadian operator Telus Mobility to deliver real-time streaming satellite radio to mobile subscribers. Telus users with a Spark 25 data package can access 20 channels of commercial-free music, talk and comedy for no charge, and other subscribers...
After entering the mobile virtual network operator space with naked ambition, a $500 Sanyo Corp. handset (the "MVP") and a take-the-world-by-storm marketing spend, Walt Disney Co.-owned Mobile ESPN L.L.C. has regrouped. Results have not met expectations for the lucrative sports news franchise-gone-mobile, or in...
SEOUL-Texas Instruments Inc. and Broadcom Corp. filed a complaint in South Korea alleging that Qualcomm Inc. is engaged in unfair business practices, according to news reports. Neither company offered information about the complaint on their Web sites. Qualcomm did not offer a response. The...
As if the Texas wireless market wasn't hot enough-with Leap Wireless International Inc. launching its Cricket Communications service left and right, and T-Mobile USA Inc. responding aggressively-a new, flat-rate wireless carrier recently set up shop in San Antonio and hopes to expand service elsewhere...
VANCOUVER, British Columbia—XM Canada is teaming with Canadian operator Telus Mobility to deliver real-time streaming satellite radio to mobile subscribers. Telus users with a Spark 25 data package can access 20 channels of commercial-free music, talk and comedy for no charge, and other subscribers...
ANYANG, South Korea—South Korean handset vendor VK Mobile has gone under, according to news reports. The company, which entered business as a battery maker in 1997, had set its sights on becoming a global brand and had cut deals to supply handsets to...
SEOUL—Texas Instruments Inc. and Broadcom Corp. filed a complaint in South Korea alleging that Qualcomm Inc. is engaged in unfair business practices, according to news reports. Neither company offered information on the complaint on their Web sites by Wednesday. Qualcomm has yet to respond....
The dissolution of the Nokia Corp./Sanyo Electronics Co. Ltd. CDMA joint venture may leave a void in the United States for CDMA handsets, estimated by analysts at about 7 million units per year, despite Nokia assurances that its alternative strategy for the prized U.S....
LONDON-It appears users in the United Kingdom like Chocolate as much as their South Korean counterparts. LG Electronics Co. Ltd. said it sold more than 1 million of its slim, slider Chocolate phones worldwide, and British retailers are having trouble keeping the handsets in...
The good news is that about 80 percent of the world's population is covered by wireless networks, and only about one-quarter of those actually subscribe to a wireless service, which means emerging markets offer opportunities for handset vendors to grow market share and, possibly,...
LONDON—It appears users in the United Kingdom like Chocolate as much as their South Korean counterparts. LG Electronics Co. Ltd. said it sold more than 1 million of its slim, slider Chocolate phones worldwide, and British retailers are having trouble keeping the handsets in...
BASKING RIDGE, N.J.—Verizon Wireless and LG Electronics MobileComm USA Inc. announced availability of LG’s VX8300 phone, which supports Verizon Wireless’ V Cast music service. The handset, which builds on LG’s VX 8100 model, features a slimmer form factor, OLED external screen and microSD external...
Touting brand and pursuing differentiation is in vogue with nearly every original equipment manufacturer now chasing Nokia Corp. and Motorola Inc. over the rainbow, looking for the proverbial pot of gold. LG Electronics Co. Ltd. is no exception and its newly released Fusic phone...
ATLANTA-Cingular Wireless L.L.C. launched UMTS/HSDPA services for businesses and consumers in its home town of Atlanta. The high-speed wireless data and voice service is available on two handsets, the LG Electronics Co. Ltd. CU320 and the Samsung Electronics Co. Ltd. SGH-ZX10; Cingular says it...
With a flurry of launches last week, the wireless industry appears to have re-discovered-and is falling head over heels in love with-The Family. Both Verizon Wireless and T-Mobile USA Inc. announced new family-focused services on the day that Disney Mobile began selling its highly...
WASHINGTON-Despite legal setbacks in court jurisdictional rulings, including the Supreme Court's refusal to review a 4th Circuit headset ruling that rejected industry's federal pre-emption arguments, headset and brain-cancer litigation have failed to gain traction in state and federal courts. The reasons industry has been...
ATLANTA—Cingular Wireless L.L.C. launched UMTS/HSDPA services for businesses and consumers in its home town of Atlanta. The high-speed wireless data and voice service is available on two handsets, the LG Electronics Co. Ltd. CU320 and the Samsung Electronics Co. Ltd. SGH-ZX10; Cingular says it...
