Motorola Inc. today said it shipped only 19 million handsets in the fourth quarter of 2008, down from 25.4 million in the third quarter and less than half the 40 million handsets shipped during the fourth quarter of 2007.The company also said it would...
As the market digests news of Nortel's financial failings, a new report forecasts the rest of the global telecom equipment vendor market also will have to gird for a rough 2009 - with some players remaining relatively unscathed while others could be forced into...
In about two weeks, when the world's leading handset vendors deliver their earnings statements for fourth-quarter 2008, analysts will be expecting not just numbers but some critical commentary to understand how the world may have changed. With mobile phones and service increasingly becoming a...
With its enterprise division looking increasingly solid - in contrast to its consumer handset division - Motorola Inc. said today it is launching a number of enterprise mobility products aimed squarely at resolving issues for retailers. The vendor's DCR-7X00-100R (this is retail enterprise mobility,...
Editor's Note: Welcome to our weekly 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.It was a year most of us would like to forget, but one we're certain...
I used to love my Treo handset. (Sadly I can't remember whether I owned the 600 or the 650). I loved the stylus, I loved the games, I loved the ringtone (you know, the same ringtone every other Palm user had). But sometimes you...
Nokia Corp. said today it would stop producing its mobile Internet tablet designed for a U.S.-based WiMAX network, raising questions on the phone maker's view of that nascent market. The N810 WiMAX Edition MID was Nokia's only product for WiMAX, which is slowly rolling...
Clearwire Corp. launched mobile WiMAX service in Portland, Ore., with cheaper prices than previous WiMAX efforts.The "Clear" home Internet service plans start at $20 per month with on-the-go plans starting at $30 per month. The $20 per month home service includes network speeds up...
Looking to turn around its struggling handset division, Motorola Inc. unveiled three new handsets it plans to show off at this week's Consumer Electronics Show in Las Vegas.The company, which has had to cut its workforce amid a company restructuring, is touting its new...
Swedish smartphone user interface vendor UIQ has filed for bankruptcy, according to media reports.Indeed, the move was foreshadowed in June when UIQ announced it would layoff 200 of its 375 employees and seek new lines of business. However, it seems the company's efforts did...
The first half of 2009 may see alarmingly slow handset sales worldwide and, even if the back half of the year improves markedly, all sources point to negative growth for the coming year. Forecasts for the magnitude of the anticipated slowdown, however, vary widely...
The Chinese government has approved plans to issue licenses for 3G-based wireless services, a decision that will result in billions of dollars spent there on infrastructure during the next two years. The move stands as a massive opportunity for network and handset vendors hoping...
Struggling cellphone maker Motorola Inc. said it will cut an additional 400 jobs beyond those announced in late October. The latest round of cuts will come from all of the company's segments; the previous actions primarily affected the company's mobile devices business.Motorola's stock was...
In 2009, the wireless industry is apt to suffer many of the same consequences exacted upon others by the worst economic downturn since the Great Depression: layoffs (likely giving way to stepped-up outsourcing), reduced capital spending, lower revenues and slimmer profit margins, tight credit,...
Research In Motion Ltd. and Motorola Inc. continue to squabble in court regarding the future of employees that Motorola has already terminated or plans to fire, according to court records.RIM, maker of the popular BlackBerry smartphone line, filed a complaint Tuesday in state...
The following list details this week's infrastructure awards for the cellular, Wi-Fi, and WiMAX industries. The contracts are broken down by transmission technology, country and vendor. The value of the contract is included when available.Cellular--American Samoa: Nortel Networks said it signed a contract with...
That crazy old Internet! Some wireless execs e-mailed letters to Santa Claus but somehow they ended up in my inbox. (OK, our managing editor Dan Meyer bribed a few elves down on their luck last time he was in Vegas). And although it may...
AT&T Mobility is in no hurry to transition to Long Term Evolution (LTE) technology. In response to accelerated next-generation rollout schedules by Sprint Nextel Corp. and Verizon Wireless, AT&T Mobility spokesman Mark Siegel said the carrier has plenty of room for upgrades before making...
Motorola Inc. said today it would freeze pension plans and some salaries and suspend company contributions to employees' 401(k) plans. The company's co-CEOs said they would take a 25% cut in base salary. The company gave no dollar figure for the magnitude of the...
Editor's Note: Welcome to our weekly 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.The migration to mobile messaging and data was the story of the first half of...
Moody's Investor Service downgraded Sprint Nextel Corp.'s un-secured debt rating to non-investment grade, or "junk," according to a report from the Associated Press.The ratings agency announced Wednesday that it had moved Sprint Nextel's debt rating from "Ba2" to "Baa3" and gave its corporate family...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Morgan Stanley resumed coverage of Sprint Nextel with an underweight rating and a price target of $1. FBR Research resumed coverage of the carrier with...
The twin engines of global handset growth - China and India - are experiencing economic slowdowns that threaten "serious harm" to 2009 sales, according to a prominent financial analyst. The slowing of those emerging economies could drag global handset sales below negative 10% growth...
Standard & Poor's lowered its long-term corporate credit rating on Motorola Inc. on Friday to "junk (bond) territory," according to the Wall Street Journal.S&P's rating change was to "BB+" from "BBB." Moody's Investor Services warned last week that it, too, may cut its credit...
