Editor's Note: We get a lot of e-mails in response to our weekly Worst of the Week columns, and we read and enjoy each one (at least, the ones that agree with us). However, last week astute reader Dave Baird sent us an...
Editor's Note: Welcome our Monday feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry. In the coming weeks look for columns from Strategy Analytics' Chris Ambrosio, Ovum's Roger Entner...
STOCKHOLM, Sweden—Shares of L.M. Ericsson dipped after the infrastructure provider posted a slight decline in second-quarter net profit due to its recent acquisition of Marconi Corp. Ericsson said its profit fell 2 percent to $778 million as revenue rose 15 percent to $6 billion...
STOCKHOLM, Sweden—Shares of L.M. Ericsson dipped after the infrastructure provider posted a slight decline in second-quarter net profit due to its recent acquisition of Marconi Corp. Ericsson said its profit fell 2 percent to $778 million as revenue rose 15 percent to $6 billion...
As the idea of a combined Alcatel Inc. and Lucent Technologies Inc. settles in, Nokia Corp. and Siemens AG skated into the wireless infrastructure marketplace with plans to combine Nokia's Networks Business Group with Siemens' fixed and mobile networks operations. The 50-50 joint venture...
FRANKFURT, Germany—Nokia Corp. and Siemens AG struck a deal to combine Nokia’s Networks Business Group with Siemens’ fixed and mobile networks operations, creating a 50-50 joint venture to be called Nokia Siemens Networks. The companies noted that their infrastructure businesses currently generate a combined...
STOCKHOLM, Sweden—L.M. Ericsson said its first-quarter earnings fell just below expectations for the first time in more than two years as the company absorbed integration costs after buying Marconi Corp.’s assets for $2.1 billion last October. Ericsson reported first-quarter net income of $609 million...
After receiving clearance from Marconi Corp.'s shareholders and from the European Commission, L.M. Ericsson says it's ready to complete its $2.24 billion acquisition of Marconi's key telecom assets, setting up the convergence of Ericsson's wireless and wireline offerings. In October, when Ericsson announced plans...
L.M. Ericsson announced plans to acquire 75 percent of Marconi Corp.'s telecommunication business for $2.24 billion in a move that sets up Ericsson to converge its wireless and wireline networks. "The acquisition of the Marconi businesses has a compelling strategic logic and is a...
STOCKHOLM, Sweden-L.M. Ericsson announced plans to acquire key pieces of Marconi Corp.'s telecommunication business for $2.1 billion in a move that sets up Ericsson to converge its wireless and wireline networks. "The acquisition of the Marconi businesses has a compelling strategic logic and is...
BOCA RATON, Fla.-Marconi Corp. plc and Airspan Networks Inc. announced plans to work together to deploy WiMAX connectivity in Italy's Piedmont and Sicily regions.Marconi said it was selected to support a public trial of WiMAX in the regions by a working party consisting of...
LONDON-Amid rumors that it was in takeover talks with China's Huawei Technologies Co. Ltd., Marconi Corp. plc, a U.K. telecom equipment maker, confirmed that the company is "continuing to pursue all strategic options with the objective of maximizing shareholder value." The company did not...
PITTSBURGH-Marconi Corp. plc appointed Joseph Ferrara chief executive officer of its North American division, succeeding Geoffrey Doy, who will remain chairman of the division.Ferrara will oversee the company's Pittsburgh-based Data Networks group, as well as its Dallas-based Wireless group. He also will join the...
LONDON-Cable & Wireless plc awarded a contract to Tellabs to deploy its AssuredEthernet solution as part of the carrier's Next Generation Network rollout."This product enables seamless migration to new Internet Protocol services, consolidating five separate technologies onto one platform," said Frank Mount, director of...
LONDON-Marconi Corp. announced a distribution agreement with Chinese supplier Huawei Technologies Co. Ltd. that will see the two companies resell part of each other's product portfolios. The news follows an announcement from Marconi earlier this month that it would refocus its business and cut...
Following news that it was not selected as a preferred supplier for British Telecom's huge 21st Century Network project, U.K. equipment vendor Marconi Corp. said it will lay off workers, refocus its business and continue to examine its strategic alternatives. "BT's omission of Marconi...
Less than a month ago, I wrote a column about how the recent lull in wireless activity (mergers, etc.) was just the calm before the storm.Boom! Did you hear the thunder?What a week! Repercussions from wireless carrier consolidation reverberated throughout the industry, affecting wireless...
Investors raged on UTStarcom Inc. after the company announced it will cut its worldwide work force by 17 percent to counteract a drop in its China business. The company's stock plunged 30 percent after the announcement to $7.31 per share-the lowest stock price in...
LONDON-Following news that it was not selected as a preferred supplier for British Telecom's huge 21st Century Network project, U.K. equipment vendor Marconi Corp. said it will lay off workers, refocus its business and continue to examine its strategic alternatives."BT's omission of Marconi from...
PITTSBURGH-Marconi Corp. said it has opened a new research and development facility near Boston.The facility will focus on developing a product platform for the Internet Protocol services market.
TOLEDO, Ohio-Marconi Interactive Systems said it has partnered with Airpath Wireless to provide Wi-Fi capabilities to its telephone and Internet-ready kiosks.Airpath said its platform serves the back-office provision needs of up to 400 wireless Internet service providers and 1,800 hot spots around the world."The...
DALLAS-Marconi Corp.'s wireless business unit has entered a multi-year contract with MetroPCS Inc. to provide a solution to transition the carrier from Phase I to Phase II enhanced 911 services and compliance standards.Under the agreement, Marconi's E911 professional services team will provide services, including...
NEW YORK-More than a year after its delisting, Marconi plc is returning to the Nasdaq Thursday to satisfy the yearnings of its influential U.S. shareholders.The company, which has restructured, had indicated its intention to return in August.The company fell out of the exchange when...
FRANKFURT, Germany-ComArch said O2 Germany will use its flagship platform to supervise network elements from L.M. Ericsson, Marconi and Alcatel Corp. The contract is valued at $2.8 million.The system will be deployed in the network surveillance center, and all regional offices will have access...
