The struggles continued for Openwave Systems Inc. as shares of the company sank on news that it is investigating whether executives had "managed" financial results. The Redwood City, Calif.-based developer delayed its third-quarter financial report pending an internal investigation, citing allegations by an employee...
Greenlight Wireless has finally adopted the name of its flagship product.The Irvine, Calif.-based developer rebranded as Skweezer Inc., taking the name of its popular Web-to-mobile transcoding technology. The startup also introduced Skweezer Ads - a new version of its 4-year-old mobile ad business, formerly...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets initiated coverage on Leap Wireless with a sector perform rating and a $55 price target.--Lehman Brothers lowered its 2008 EPS estimate on...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services affirmed its rating on AT&T Inc.'s commercial paper program, which has been raised to $15 billion from $12 billion. --Morgan...
Mowser is dead. But forensics has yet to indicate whether the business's demise is a sign of an epidemic or simply a predictable casualty of the tumultuous wireless Web space.Russell Beattie, a former mobile developer for Yahoo Inc., launched Mowser just a year ago...
It seems there's no shortage of players looking to help carriers compile all the customer information that can be gleaned from their networks. But it appears network operators are still at a loss at what to do with the stuff.VeriSign Inc. last week spun...
The Federal Communications Commission launched an inquiry into the growing problem of fraudulent 911 calls from cellphones no longer affiliated with mobile phone service providers, a dilemma that is diverting public safety resources away from citizens facing actual emergencies. "We all know that people...
Sprint Nextel Corp. last week rolled out an updated Web browser designed to deliver "a PC-like experience" on mobile phones. But not everyone is impressed.The carrier announced plans to launch Openwave Systems Inc.'s OpenWeb, a browser that transcodes Internet content for the small screens...
Sprint Nextel Corp. is touting an updated Web browser designed to deliver "a PC-like experience" on mobile phones. But some users aren't impressed.The carrier announced plans to launch Openwave Systems Inc.'s OpenWeb, a browser that transcodes Internet content for the small screens and limited...
It seems the entire mobile gaming industry is scampering to churn out pick-up-and-play, made-for-mobile titles that emphasize simplicity and downplay rich graphics and other sophisticated features.Vollee Inc. is headed the other direction.The San Mateo, Calif.-based firm is hawking a kind of placeshifting technology that...
Verizon Wireless said it will take a wrecking ball to its notorious garden walls, opening its network to third-party devices and applications. What that means for developers and consumers, though, is far from clear.The nation's No. 2 carrier-generally the most closed mobile operator in...
Openwave Systems Inc. finally found a buyer for Musiwave, selling the mobile music business to Microsoft Corp. Microsoft will spend $46 million in cash for Musiwave and assume roughly $4 million of the Paris-based business's net debt. The software giant earlier this week acquired...
Microsoft Inc. announced it has acquired the right to buy Musiwave SA from Openwave Systems Inc., which has struggled with management changes in light of stock-option backdating woes and proxy battles with shareholders. No terms of the proposed deal were disclosed.The acquisition of Musiwave...
Shares of Openwave Systems Inc. continued to dissolve after the company posted quarterly revenue of $63 million, down 24% from the same period last year.The buffeted mobile software developer narrowed its quarterly net loss from $24.5 million in 2006 to $14.1 million this year,...
Tracy,I saw your article on RCRNews.com (Mobile Content & Culture Aug. 14) and wanted to offer a different point of view. I founded one successful mobile developer, Vindigo, and recently started another, Skydeck. I testified to Congress in favor of open access and together...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--R.W. Baird raised its EPS estimate on Alltel to $2.84 from $2.80 after the company reported solid second-quarter results. Lehman Brothers raised its estimates on...
Shares of Openwave Systems Inc. jumped after the mobile software developer reported mixed quarterly results and shuffled its front office.The Redwood City, Calif.-based outfit posted a net loss of $92 million, marking a dramatic downturn from a quarterly loss of $5 million last year....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Robert W. Baird upped its price target and estimates on Telephone & Data Systems after the company reported first-quarter results. The company's new price target...
Shares of Openwave Systems Inc. continued to slide after Harbinger Capital Partners Master Fund withdrew its offer to buy a majority stake in the company.Already Openwave's second-largest shareholder, Harbinger earlier this month offered to buy an additional 49% of the software developer at $8.30...
Change is in the air for two wireless content companies: Both mobile gaming company Vollee Inc. and messaging firm fastmobile Inc. announced new chief executives. Vollee will now be helmed by Martin Dunsby, while Marc Zionts will join fastmobile as the company's new president...
Shares of Openwave Systems Inc. continued to slide after the company said it plans to slash 20% of its workforce by the end of the month.The embattled Redwood City, Calif.-based developer filed documents with the Securities and Exchange Commission outlining a restructuring plan "to...
Shares of Openwave Systems Inc. tumbled in after-hours trading after the company rejected a takeover bid by Harbinger Capital Partners.Harbinger, which is already Openwave's second-largest shareholder, two weeks ago offered to buy an additional 40 million shares in a move that would give it...
Harbinger Capital Partners is hoping to buy Openwave Systems Inc. at closeout prices. And as the Alltel Corp. deal demonstrates, Harbinger isn't the only private firm looking for a bargain in wireless.The investment firm is looking to buy more than 40 million Openwave shares...
Harbinger Capital Partners is hoping to buy Openwave Systems Inc. at closeout prices.The investment firm is looking to buy more than 40 million Openwave shares at $8.30 each-a 4% premium over the company's average trading price over the last month, but a 35-cent discount...
