NEW YORK-AT&T Wireless Services Inc. and Sprint PCS told analysts and investors at a Merrill Lynch communications conference that they expected to launch push-to-talk functions on their networks this year. AT&T Wireless chief financial officer Joseph McCabe said the carrier expects to test the...
NEW YORK-The Uzan family, which controls Telsim, Turkey's second-largest mobile carrier, will most likely be found guilty of fraud for failing to repay US$2.7 billion in equipment vendor loans from Motorola and Nokia, said federal Judge Jed Rakoff."The court's familiarity with the history makes...
BUENOS AIRES, Argentina-NII Holdings' income reached US$780.4 million in 2002, an 18-percent increase on the previous year. The company made a net gain of US$3.82 billion in 2002, fundamentally due to the effect of its debt restructuring as its operation gain was US$ 77.6...
REDWOOD CITY, California, United States-Investors decried Openwave Systems' second-quarter report, sending the company's stock down almost 20 percent to US$1.70 per share. The company announced revenues of US$66.8 million, down from the US$71.2 million in the previous quarter and the US$93.8 million in the...
REDWOOD CITY, Calif.-Investors decried Openwave Systems Inc.'s second-quarter report, sending the company's stock down almost 20 percent to $1.70 per share. The company announced revenues of $66.8 million, down from the $71.2 million in the previous quarter and the $93.8 million in the same...
NEW YORK-Intel Corp and five other wireless chip makers suffered downgrades from Merrill Lynch to sell from neutral.The other companies include Analog Devices Inc., Applied Micro Circuits Corp., Conexant Systems Inc., PMC-Sierra Inc. and Vitesse Semiconductor Corp.The investment bank wrote that the chipmakers' stocks...
RESTON, Va.-Financial giant Merrill Lynch will use wireless data devices running over Motient Corp.'s wireless network to give its U.S. Private Client Group access to up-to-date financial information.The group will use the BlackBerry by Motient software and Research In Motion Ltd.'s 857 wireless devices."Reliable...
TORONTO-The chief of Rogers AT&T Wireless has dismissed recent industry speculation that his company wants to acquire smaller rival Microcell Telecommunications."We have a network that's up and running. So it's hard to see what Microcell's network could offer us," said Nadir Mohamed, Rogers AT&T...
NEW YORK-Merrill Lynch & Co. and certain of its stock analysts are the target of at least two class action lawsuits filed in June in connection with Aether Systems Inc., Owings Mills, Md., a provider of software, services and support for connecting the desktop...
LITTLE ROCK, Ark.—Following approval from the Federal Communications Commission for its purchase of CentruyTel Inc.'s wireless assets, Alltel said it plans to offer $1.5 billion in senior notes within the next week to help finance the acquisition and its pending acquisition of Verizon Communications'...
NEW YORK-Texas Instruments reaffirmed its second-quarter outlook, hoping for a 10-percent leap from the first quarter, although Merrill Lynch downgraded its shares to "neutral" from "buy."The company says it expects earnings of 5 cents per share.
TORONTO and LONDON—Several vendors say negative downgrades and estimates from analysts this week.Nortel Networks suffered a debt downgrade from Moody's Investors Service barely a day after the company announced a contract with Telef
LONDON—Brokerage firm Merrill Lynch has pared down its estimates of Nokia Corp. and Ericsson, citing a slow take-off in infrastructure equipment and next-generation handset sales.The report comes just ahead of Nokia's plan to unveil optimistic figures on its handset and network equipment sales.Merrill expects...
WESTMONT, Ill.—Aftermarket Technology Corp. announced it will sell 2.4 million shares of its common stock to an underwriters group led by Morgan Stanley, Merrill Lynch & Co. and Wachovia Securities.The shares will be sold to the public at $16.50 per share. The underwriters also...
MANILA, The Philippines—According to Merrill Lynch in a recent research study, SMS revenues in Asia, excluding the Philippines, only consist of a minor percentage—between 1 percent and 5 percent—of operators' revenues due to diverse markets, regulations and immense competition. In Europe, SMS revenue is...
NEW YORK—Subscriber growth for U.S. wireless services companies for fourth quarter 2001 may fall below previous Wall Street expectations, according to analysts from Merrill Lynch.The research company cut its industry-wide gross subscriber growth forecast from 22 million to 20 million. It also cut 2002...
BEDMINSTER, N.J.—Verizon Wireless Inc. filed an updated registration statement relating to its potential initial public offering of common stock with the Securities and Exchange Commission.The statement notes that upon completion of the IPO, Verizon Wireless Inc. would be a holding company whose sole assets...
TOKYO-NTT DoCoMo, the leading mobile carrier in Japan, on 1 October launched the world's first third-generation (3G) mobile service in the Tokyo metropolitan area, receiving mixed reviews from market analysts. The visual phone, one of three 3G terminals, with a small camera and a...
WOODBURY, New York, United States—Comverse announced two Latin America contract wins on 3 October, just a day after Merrill Lynch downgraded its expectations for the company, sending Comverse's stock to a new three-year low.The company's stock was recovering after the announcements, trading at about...
WOODBURY, N.Y.—Enhanced messaging company Comverse, a unit of Comverse Technology Inc., announced the sale of its Intelligent Short Message Service Center to two South American wireless carriers, news that comes just a day after Merrill Lynch downgraded its expectations for the company, sending Comverse's...
CUPERTINO, Calif.—Wireless communications product developer Tropian Inc. has closed $45 million in Series D equity funding, its largest funding round to date. Merrill Lynch Ventures LLC led the financing and several other investors also contributed. "As the wireless industry moves forward in development of...
A handful of wireless affiliates and regional cellular operators reported mixed results last week, showing the economic slowdown has not entirely missed wireless operators.Heading the list of mixed results, Western Wireless Corp. reported 30,000 net customer additions for the quarter, ending the quarter with...
SAN JUAN CAPISTRANO, Calif.-Several panelists and moderators speaking at the upcoming Tower Summit and Trade Show, presented by Shorecliff Communications, said the overall outlook for the tower industry looks positive.Kip Rupp, senior vice president for Wachovia Securities, said the tower industry has been meeting...
Each time the death knell sounds, Lucent Technologies Inc. seems to rebound.Last week was a metaphor of what might be the roller coaster ride the Murray Hill-based telecom equipment company has experienced in the past three quarters.Moody's Investors Service downgraded the company to junk...
