NEW YORK-The Securities and Exchange Commission is conducting a formal investigation of Lucent Technologies Inc. for possible fraudulent accounting practices, The Wall Street Journal reported.The SEC reportedly is looking into whether Lucent improperly booked $679 million in revenues during its 2000 fiscal year, which...
How it came to pass that AT&T let its cellular licenses slip away during its 1984 divestiture is the stuff of wireless industry urban legend. Some say AT&T was less-than-concerned about giving up its cellular business, believing industry forecasts that at the time predicted...
MONTREAL-Under a new alliance, Lucent Technologies Inc. will link its wireless network infrastructure and mobile Internet platform with Profilium Inc.'s network-based applications and services.The companies said they will test whether the interoperability will create a new advertising medium."The agreement between Lucent and Profilium is...
TRENTON, N.J.-(AP)Troubled telecommunications giant Lucent Technologies Inc. plans to cut about 10,000 jobs as part of an effort to reduce its annual costs by more than $2 billion after more than a year of increasingly severe financial and management problems.The job cuts, which represent...
Finally, a glass of champagne.Nortel Networks toasted its fourth quarter with a result that matched market expectations and a robust promise for the future.Nortel, a leader in communications equipment for wireless networks, switching, transmission and access, reported fourth-quarter net earnings of $825 million, or...
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...
NEW YORK-Paratek Microwave Inc., a Columbia, Md., company established by a former U.S. Army researcher, plans to accelerate the evolution of communications capacity with DRWiN, short for Dynamically Reconfigurable Wireless Networks.In field trials since in October, the debut product line of electronically scanning DRWiN...
NEW YORK-To avoid falling into "microcap hell," companies play a "gorilla game" of amassing size, but going public may not be the best way to get there, said Eric Gebaide, a principal of Broadview, Fort Lee, N.J.Major technology market indexes are skewed because of...
BOSTON-In 2000, the wireless industry saw WAP browsers proliferate, wireless terminals become exciting again and 2.5 and third-generation technologies become more focused, analyst firm The Yankee Group said. But 2001 is expected to bring about even more opportunities for wireless technology, although not as...
The vast influence of Lucent Technologies Inc. and its problems materialized in wireless broadband equipment provider Netro Corp.'s financial outlook for the fourth quarter and 2001.A change in anticipated base-station orders from the second half of December to the first quarter of next year...
Premier telecommunications equipment maker Lucent Technologies Inc.'s woes continued last week as it revised its first-quarter earnings downward while announcing an overhaul plan that will involve $1 billion in cost cuts and job layoffs.The company said it expects to report a pro forma loss...
As the industry whets its appetite on the prospect of third-generation services and all the revenue-generating opportunities wireless Internet access can bring, telecom vendors are watching their stock prices fall faster than an elephant on ice skates.Only Nokia seems completely immune. Lucent Technologies Inc.'s...
BELLEVUE, Wash.-Under a nonexclusive agreement, Lucent Technologies Inc. will market InfoSpace Inc.'s wireless platform to its customers. InfoSpace said its platform provides an end-to-end solution and includes such features as real-time stock quotes, commerce capabilities, personalization and localization.In addition, InfoSpace's geo-coded technology and services...
Rumors abound that limping telecom equipment maker Lucent Technologies Inc. is about to become red meat in the corporate cage. But no fat-cat company has yet confessed to appetite.In an irony last week, Lucent's stock jumped amid speculation that Nokia Corp. wanted to buy...
BRAZILADC Telecommunications Inc. announced it signed a $16 million contract to supply GVT Brazil with a broadband access bundled solution for the southern and central regions of Brazil. ADC said the solution is based on the BroadAccess Multiservice Access Platform and delivers narrow and...
NEW YORK-A law firm said it was continuing a class-action lawsuit against AT&T Wireless Services Inc. on behalf of AT&T's shareholders, alleging the company failed to disclose ongoing business problems.Wechsler Harwood Halebian & Feffer L.L.P. said the lawsuit was filed in the U.S. District...
AT&T Wireless Inc. last week outlined a new migration path to third-generation services rife with ramifications affecting the wireless industry worldwide.The company said it will overlay a GSM/general packet radio service system atop its existing TDMA network in the nation's top 100 markets where...
PARIS-Matsushita Communications Industrial Co., Ltd. and Nortel Networks moved to push the standards set by 3G Partnership Projects and their own products and services.Under a new agreement, the two companies plan to test the interoperability of third-generation mobile terminals and network infrastructure.The testing, which...
Imagine for a moment the 3G spectrum bands-698-960 MHz, 1710-1885 MHz and 2500-2690 MHz-are the three Florida counties of Miami-Dade, Palm Beach and Nassau.If you think South Florida is a mess, wait until President Clinton's third-generation wireless initiative plays out. It could turn into...
MURRAY HILL, N.J.-Under a $200 million agreement, Lucent Technologies Inc. will supply IP Communications with the technology to bring voice, data and Internet access from California to the Great Lakes.IP said it plans to begin offering its services in Texas next year.The deal calls...
The wireless broadband boom is in full swing, as evidenced by the dozens of companies that have popped up in that arena in the past year alone. Among them is a Richardson, Texas-based start-up called Raze Technologies, which is developing a bundled voice and...
No thanks to an accounting error in a week for thanksgiving, Lucent Technologies Inc.'s bleeding continued as it withdrew its projected fourth-quarter sales by $125 million, triggering a 14-percent share tumble.The premier telecom equipment maker's latest misfortune, slicing profits by 2 cents a share,...
The race is on to develop carrier-class software infrastructure for the next generation of wireless data applications, and last week's merger announcement between TeleCommunication Systems Inc. and Xypoint Corp. adds a new contestant to the field.The agreement calls for TCS to acquire Xypoint in...
NEW YORK-The 2.4 GHz unlicensed radio-frequency band is getting a bit crowded these days, with cordless phones, microwave ovens and the new guest, Bluetooth, all tapping into it.By contrast, the 5 GHz band is wide open territory. The HiperLAN2 Global Forum is at work...
