NEW YORK-Ratings company Fitch has raised its ratings on Lucent Technologies Inc. to B from CCC+ for its unsecured debt, a renewed signal that the wireless bellwether is out of the woods."The Stable Rating Outlook reflects Fitch's belief that although there still remains some...
NEW YORK-Ratings company Fitch has raised its ratings on Lucent Technologies Inc. to B from CCC+ for its unsecured debt, a renewed signal that the wireless bellwether is out of the woods."The Stable Rating Outlook reflects Fitch's belief that although there still remains some...
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,...
Third-generation contracts seem to be giving Nortel Networks Ltd. an edge lately, owing to what industry observers describe as the Brampton, Ontario-based vendor's Internet Protocol advantage. Nortel's complete solution has helped it in its contracts of late with both Verizon Wireless and AT&T Wireless...
More challenging than erasing a $477 billion budget deficit (which should keep the 3-percent federal phone tax intact for another hundred years or so) is figuring out where the U.S.-China relationship is headed.It is a moving target that is as much about dollars and...
Going by the quarterly reports of major vendors, wireless equipment business is whirring back to favor. Putting panic behind them, Lucent Technologies Inc. and Motorola Inc. recorded solid growth, while Nokia Corp., Qualcomm Inc. and Siemens AG reaffirmed sunny outlooks.Lucent unveiled its second consecutive...
Lucent Technologies Inc. unveiled its second consecutive quarterly profit in its first-quarter results with a net income of $338 million, or 7 cents per diluted share.This builds on the supplier's fourth-quarter result of a net income of $99 million, or 2 cents per share....
The economy has begun to rebound, but recovery in the job market remains elusive, and information technology industries in particular continue to report cuts. "Given the non-cyclical factors that have influenced the IT labor market, it is unclear how soon unemployment rates for workers...
China is a land of enormous opportunity for wireless infrastructure makers and the like, no doubt about it. A land with more than 1 billion people can yield a lot of cell-phone users. Motorola Inc. recently scored a $1 billion contract in China, and...
WASHINGTON-Motorola Inc. today signed deals totaling $1.1 billion with China's top mobile-phone carriers, and other U.S. wireless firms picked up multimillion contracts in the world's largest wireless market. The transactions come at a time of rising trade tensions between the two countries.In all, $2.3...
Positive stock activity is greeting Verizon Wireless' announcement to launch its CDMA2000 1x EV-DO in major cities across the country, even though the carrier has not disclosed which companies will supply the equipment for the program.Already, Qualcomm Inc., the proprietor of the protocol, has...
Building on the momentum of its initial two-city launch last year, Verizon Wireless said it will spend $1 billion to launch its CDMA2000 1x EV-DO service in major cities in the United States. The service, known as BroadbandAccess, will be available in the summer,...
SAO PAULO, Brazil-Brazil's largest mobile operator signed a contract with Lucent Technologies Inc. to expand the operator's CDMA2000 1x network. The expansion will cover Vivo's network in Sao Paulo, Rio de Janeiro and other regions in both states, including the cities of Praia Grande...
MURRAY HILL, N.J.-Lucent Technologies Inc. announced two new executive appointments Tuesday. The company has appointed Jan M.K. Jaferian as its new intellectual property business president and John DeBono as its new investor relations vice president.Jaferian, who comes from Xerox Corp. where she was most...
In the search for killer applications and other services that rake in revenue, independent software vendors are the new brides of wireless.With software expanding, the value of the hardware space will continue to shrink in the wireless space. ISVs therefore are working with major...
MURRAY HILL, N.J.-Lucent Technologies Inc. said it has appointed John P. Giere as chief marketing officer. The vendor said Giere, who will report to Chairman and Chief Executive Officer Patricia Russo, is expected to build a central marketing organization to support branding, marketing strategy...
Motorola Inc. bowed to investor clamor for an outsider with the appointment of former Sun Microsystems Inc. president Edward Zander as the new helmsman, officially ending the reign of the Galvin family. Zander, most recently of private equity company Silver Lake Partners, edged out...
Even with the promise of a tech recovery and emergence of new applications for wireless gadgets aimed at free-spending teenagers, information-starved road warriors and the rest of us, 2004 is apt to be no more than a sexed-up version of the year that was....
MURRAY HILL, N.J.-Lucent Technologies Inc. said it has appointed John P. Giere as chief marketing officer. The vendor said Giere, who will report to Chairman and Chief Executive Officer Patricia Russo, is expected to build a central marketing organization to support branding, marketing strategy...
Motorola Inc. bowed to investor clamor for an outsider with the appointment of former Sun Microsystems Inc. president Edward Zander as the new helmsman, officially ending the reign of the Galvin family.Zander, who is at private equity company Silver Lake Partners, edged out Motorola...
Lucent Technologies Inc. said its orders have climbed 16 percent compared to the same period last year, confirming the company's claim to have put its turbulent years behind it.In a statement to the U.S. Securities and Exchange Commission, the vendor said its order backlog...
MURRAY HILL, N.J.-Lucent Technologies Inc. said it has unveiled a solution to enable service providers to manage customer data such as subscriber profiles and user location.The platform, known as Flexent super-distributed home location register, also allows customers to authenticate users for both voice and...
Pakistan Telecom Mobile, which offers mobile service under the Ufone brand, contracted Siemens to expand its network under a $26 million deal. Siemens will set up a new GSM network for Ufone in 29 cities. Siemens said it is delivering and installing new equipment...
MURRAY HILL, N.J.-Lucent Technologies Inc. Chairman and Chief Executive Officer Patricia Russo received a $3.24 million bonus for fiscal-year 2003, ended Sept. 30, according to recent filing the with the Securities and Exchange Commission. Russo was paid a base salary of $1.2 million for...
