Nortel Networks Corp.'s stock plunged nearly 15% after the infrastructure provider released relatively flat second quarter results, but warned of future instability in the U.S. market. The Toronto-based company posted Q2 revenue of $2.62 billion, a 2% increase year-over-year. Of the total revenue, just...
Motorola Inc. says its troubled handset business is improving and will be stronger by the end of the year, but CEO Gregory Brown isn't willing to say when he expects the unit to break even.Yet Brown insists the division, which lost $346 million in...
Motorola Inc. managed to both pleasantly surprise the market today and disappoint industry observers who are looking further down the road.The company posted a meager profit, beat expectations on handset volumes and forecast it would end the year in the black.Motorola also said its...
Nokia Corp. hit the second-quarter finish line (pun intended) with strong year-over-year growth in handset shipment volumes, a key metric for Wall Street and those given to horse-race analogies.The company's performance established that, despite global macro-economic woes, growth in shipments remains possible. Indeed, Nokia...
Samsung Electronics Co. Ltd. solidified its position as the world's No. 2 handset vendor in the second quarter, with less than half the volume of Nokia Corp. but nearly twice the volume of closest rival LG Electronics Co. Ltd.Handsets proved to be the industrial...
As analysts and pundits scoured the tea leaves in the wake of Apple Inc.'s 3G iPhone launch, a few issues emerged.Who, besides Apple, will get a boost from iPhone mania? Who gets hurt? Will a rising iPhone-tide lift all boats in the second half...
Verizon Wireless has stepped into a steaming pile of complaints from animal lovers over commercials for its LG Electronics Co. Ltd. Dare phone, but the marketer is sticking with the 30-second spot.The commercial shows a young man trying to obtain the phone by climbing...
LG Electronics Co. Ltd. said today that it expected handset shipments to emerging markets to slow and competition to intensify in developed markets in the current, third quarter, as it posted positive results for the quarter just past. Revenue in the industrial conglomerate's handset...
Consumers are shelling out big money for high-end phones with hi-resolution screens and eye-popping features. But mobile gaming is still all about casual.More than 7 million smartphones were sold in North America in the first quarter of 2008, according to Gartner, doubling the number...
The iPhone 3G’s “opening weekend” — get used to the movie lingo in this context — saw “one million devices sold” in 21 countries, according to Apple Inc.’s CEO Steve Jobs. If true, that’s more than three times the volume of last year’s iPhone...
So you're sick of that grimy flip phone you've faithfully (pathetically) toted around for two years - an eternity by any measure, except if you happen to enjoy immense wealth.
And you really don't get the math about monthly service options and their costs,...
Huawei Technologies Co. Ltd., the Chinese vendor of entry-tier phones, is seeking a capital infusion for its handset division to fuel international expansion of that business, particularly in the United States. Such a move would provide a brand-building opportunity and also free up resources...
Huawei Technologies Co. has five interested suitors seeking a stake in the Chinese telecom company's handset division, according to today's Wall Street Journal. The nearly instant ardor for Huawei leaves investor-hungry Motorola Inc. looking like a wallflower at a school dance.The bids, made last...
Editor's Note: Welcome to our weekly feature, Yay or Nay. Every week we'll review a new wireless application or service from the user's point of view, with the goal of highlighting what works and what doesn't. If you wish to submit your application or...
Motorola Inc. is replacing top executives in key markets around the globe as its share of worldwide cellphone sales falls to new lows.In an internal memo circulated last week and obtained by Crain's Chicago Business, Motorola named new leaders for its cellphone businesses in...
Sony Ericsson Mobile Communications warned today that it would only break even in the current quarter and that handset shipments will be nearly flat over the first quarter, reflecting "moderating demand" for its mid- and high-tier phones. The joint venture also acknowledged that new...
Nokia Corp. will acquire total ownership of Symbian Ltd., buying out current partners in a deal valued at about $411 million, the company said today.Nokia said it would combine its own S60 platform with the Symbian platform and provide the results - a single...
A viral mobile marketing effort for the feature film "What Happens in Vegas" generated more than 50,000 peer-to-peer user engagements, according to the firm that delivered the campaign.Celtra Inc., a Massachusetts-based startup that specializes in widget-based mobile marketing, said it delivered 15,000 widget embeds...
Analyst Tero Kuittinen at Global Crown Capital L.L.C. said in a note to investors that top-tier carriers in the United States were pulling back on support for Motorola Inc., and characterized the vendor's pending product launches as "a half-baked mess.""The summer surge of fresh...
Sprint Nextel Corp. is hoping to bridge the gap between enterprise users and multimedia devices with a new mobile e-mail service.The offering, awkwardly dubbed Sprint Mobile Email Work, allows customers with the new Samsung Instinct and other handsets to access Microsoft Exchange Server and...
Verizon Wireless unveiled what it said is the first mobile phone with a built-in detachable Bluetooth headset.The Decoy, from LG Electronics Co. Ltd., features a docking port on the back that houses the small headset, which can be released by pressing a button on...
APPLE INC. IS THE NAME and, now, sheer volume is the game.Before the "wow" factor for his much-hyped handset fades or is eclipsed by competitors, Apple CEO Steve Jobs has abandoned his initial business model for plunging into wireless and has gone with a...
While Apple Inc.'s 3G iPhone includes a number of new technologies to excite tech-savvy phone users, it's the device's price and enterprise focus that could stand as the greatest boon to AT&T Mobility, the exclusive U.S. carrier for the device. But frankly, that is...
Qualcomm Inc. is downplaying a Supreme Court decision that restricts the ability of a patent holder to continue to collect royalties after an invention is sold or licensed, despite urging the high court not to rule as it did and making dire predictions about...
