Hand wringing over third-generation wireless development has apparently turned dysfunctional. Seems that anxious wireless carriers in the U.K. have taken to hiring psychologists for 3G-business strategy guidance, according to a BBC report last week. 3G is coming, and wireless execs across the Atlantic just...
NEW YORK-The worst is just behind or dead ahead for technology stocks, depending on whether you believe the bull or the bear who shared the dais at the New York Society of Security Analysts' "Internet Economy Conference."Federal Reserve Board Chairman Alan Greenspan has become...
With four big CDMA infrastructure contracts ramped up last week by China Unicom, the country's second-largest operator, the Asian nation is on pace to race past the United States as the biggest wireless market in the world.The contracts, penned with Lucent Technologies Inc., L.M....
AT&T Wireless Group jumped into the very active debt capital market last week selling off $6.5 billion worth of senior unsecured notes, the largest private bond sale ever by a U.S. company.The bond sale followed Qwest Communications International Inc., Sprint Corp. and Verizon Communications,...
NEW YORK-Although some satellite companies, like Globalstar L.P. and Iridium, have stumbled badly while chasing mobile telephony, provision of broadband communications remains a meaningful business opportunity for these extraterrestrial carriers, even in the United States.The inability of land-based wireline and wireless connectivity alternatives to...
High-speed wireless data access provider Metricom Inc. posted a fourth-quarter loss and said it will postpone the introduction of its Ricochet data network in some markets until it secures additional financing. The company noted it had just over $525 million in cash and investments...
L.M. Ericsson left an ironic trail last week.It extolled its third-generation technology while surrendering its phone-making business and posting a fourth-quarter loss that limped behind expectations.The Swedish company outsourced its phone-making business to Singapore-based Flextronics International Ltd. in an admission of delivery failures from...
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...
JOHANNESBURG, South Africa-Globalstar could be the last hope for global mobile personal communications by satellite (GMPCS) survival in Africa. During a heated debate at the Satcom Africa '99 conference held recently in Midrand, South Africa, many participants concluded that after the setbacks experienced by...
In the Page 2 story, "Lucent shaken after sales warning (Nov. 27 issue of RCR Wireless News) it should have stated that Merrill Lynch downgraded its rating from "buy" to "accumulate."In the letter to the editor "U.S. needs technology direction" (page 14, Nov. 27),...
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,...
NEW YORK-A pair of smooth operators from Europe eased into the choppy initial public offering market last week, although they had to trim their sails a bit in order to make the journey.Telefonica Moviles, Madrid, raised about $2.8 billion in an IPO of 300...
The satellite-based telecommunications market made headlines again last week as Globalstar Telecommunications Ltd. released disappointing financial results and bankrupt provider Iridium L.L.C. endorsed a $25 million buyout bid from former airline executive Dan Colussy.Globalstar's results were based on what it called "unacceptably slow" subscriber...
The satellite-based telecommunications market made headlines again as Globalstar Telecommunications released disappointing financial results and bankrupt provider Iridium endorsed a US$25 million buyout bid from former airline executive Dan Colussy.Globalstar's results were based on what it called "unacceptably slow" subscriber growth and use. At...
WASHINGTON-Language to allow the Federal Communications Commission to take back RF licenses from bankrupt entities has been stripped from the FCC spending bill being considered by Congress.Legislation that would allow the FCC to take back the licenses of bankrupt companies was included in a...
NEW YORK-Verizon Communications hopes to raise $5 billion in an initial public offering of its Verizon Wireless business, according to documents filed Aug. 24 with the Securities and Exchange Commission.The company said it will use net proceeds to pay for network expansion, the acquisition...
NEW YORK-Technology stocks have had an extended run of public preference, but they are poised to step back in 2001 as investors seek better returns elsewhere, according to some Wall Street investment strategists.Ralph J. Acampora, director of technical analysis for Prudential Securities Inc., called...
Nortel Networks Corp. beat analysts' expectations and demonstrated its continued financial growth, reporting $7.82 billion in revenues for the second quarter ended June 30, a 48-percent increase from the $5.28 billion reported for second-quarter 1999.The company reported a net loss of $745 million, or...
It's been a wild roller-coaster ride for Qualcomm Inc.'s stock this year.The former Wall Street angel is fighting a public-relations battle that says a move to wideband Code Division Multiple Access technology is a move away from Qualcomm.Such is the story in South Korea,...
NEW YORK-Martin Fridson, managing director of Merrill Lynch & Co., called this year one of "difficult times" for high-yield bonds, a period characterized by "declining liquidity in the secondary (trading) market."Elizabeth Mackay, investment strategist for Bear, Stearns & Co. Inc., called the status of...
Metrocall Inc. said it exchanged 1.5 million shares of common stock for $19.5 million in senior subordinated debt notes after the close of its exchange offer April 14.CenturyTel Inc. filed a shelf registration statement with the Securities and Exchange Commission, registering $2 billion of...
Chadmoore Wireless Group Inc. reported more than 40,000 subscribers had signed up for the company's wireless communications service as of March 31, an increase of 43 percent from the same period last year.Cellular antenna systems provider Metawave Communications Corp. announced the initial public offering...
NEW YORK-For market watchers waiting to exhale, the AT&T Corp. Wireless Group's $10.6 billion initial public offering proved not just big, but also graceful, as it took center court April 27.Nearly double the size of the last record-breaker, the United Parcel Service Inc. IPO...
DUBLIN, Ireland-Utility companies across Europe are entering the mobile communications business, hoping to simultaneously grab a slice of an extremely lucrative market and diversify their operations. But analysts are undecided on whether the companies have the requisite technical expertise or resources to effectively compete...
