The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Credit Suisse First Boston lowered its EBITDA and EPS estimates on Sprint Nextel Corp. for the first quarter, but full-year 2007 EPS estimates increase...
Openwave Systems Inc. has put up the 'for sale' sign. The question is, who wants it?The Redwood City, Calif.-based developer last week announced the resignation of CEO David Peterschmidt and said it has retained Merrill Lynch as a financial adviser to explore strategic alternatives...
Openwave Systems Inc. is up for sale.The Redwood City, Calif.-based developer announced the resignation of CEO David Peterschmidt and said it retained Merrill Lynch as a financial advisor to explore strategic alternatives including a sale. Peterschmidt was replaced by Robert Vrij, who formerly served...
Openwave Systems Inc. announced it acquired WiderWeb Ltd., a mobile Web software developer, for $5 million in cash and a further potential $4 million if the company achieves certain levels of sales or profitability for Openwave. With WiderWeb in tow, Openwave said it can...
Idle hands may be the devil's domain, but carriers and mobile marketing companies are laying claim to the idle screen.The wireless industry is hoping to use the idle screen-the display of a phone while it isn't in use-as kind of a red carpet to...
Mobliss co-founder Brian Levin has spun off another startup, selling a Denver-area location-based services outfit to Liberty Media Corp.Terms of the deal were not disclosed.Liberty Media subsidiary TruePosition Inc. acquired Useful Networks, a developer of mobile location technology and applications. Both Liberty and Useful...
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 lowered its corporate credit rating on Sprint Nextel Corp. to BBB from BBB+ and removed the company from CreditWatch...
Leap Wireless International Inc. plans to offer a new mobile music service through its Cricket brand, thanks to a new partnership with mobile music provider Musiwave. Paris-based Musiwave, a subsidiary of Openwave Systems Inc., powers full-track download services, streaming music and other offerings for...
Openwave Systems Inc., which makes Internet browsers for cellphones as well as software for carriers, reported a 20-percent drop in revenue during its most recent quarter.In the year-ago period, Openwave reported a net income of $8.4 million, or 11 cents a share, but the...
Openwave Systems Inc.'s proxy battle continued after the company failed to reach a settlement with its second-largest shareholder.The wireless software developer said Harbinger Capital Partners rejected an offer that included a three-year board appointment for a Harbinger nominee in exchange for the shareholder dropping...
Openwave Systems Inc. said it has yet to reach a settlement in its proxy contest with Harbinger Capital Partners.The mobile software developer said Monday it extended a board seat to James Zucco, one of two director nominees proposed by dissident Harbinger, the company's second-largest...
Sling Media Inc. was only a blip on the wireless industry's radar screen until April, when the company released its SlingPlayer Mobile software. The $30 software allows SlingBox owners to watch TV on any smartphone running Microsoft Corp.'s Windows Mobile 5.0, Symbian or...
Openwave Systems Inc. said it expects to report revenues of between $83 million and $84 million for its fiscal second quarter, which ended Dec. 31., a number that falls short of analyst estimates of $88.8 million.The company said it recorded bookings of about $120...
Time was when the wireless industry's major, marketshaping impact in the telecom sphere was defined by the number of mobile phones that became substitutes for landline telephones, which historically consumers have relied on for day-to-day communications.Just as Ma Bell back in the day grossly...
Opera Software ASA continued to gain momentum with a deal to embed its wireless browser on handsets from Samsung Electronics Co. Ltd.The developer said the South Korean manufacturer will use Opera Mobile, which formats Internet content for small screens by stripping out data-heavy graphics...
REDWOOD CITY, Calif.-Shares of Openwave Systems Inc. surged after the company said it will record additional stock-option expenses of roughly $182 million following an internal review of the fiscal years 2000 to 2005. The mobile software developer said that while it found discrepancies in...
VANCOUVER, British Columbia-Canadian network operator Telus Mobility is adding a subscription-based offering to its full-track mobile music service.The carrier launched an all-you-can-eat service allowing users to browse songs and receive unlimited downloads for $20 a month. The offering compliments Telus' 7-month-old service that sells...
REDWOOD CITY, Calif.—Openwave Systems Inc. said it expects a year-over-year revenue decline, news that sent the company’s stock down more than 10 percent to $8.58 per share. The company said its revenues are expected to come in at $91.2 million, which is a drop...
REDWOOD CITY, Calif.—Openwave Systems Inc. announced the acquisition of SoloMio Corp., a Texas-based provider of integrated subscriber call management services. Terms of the all-cash deal were not disclosed.Key to the deal is SoloMio's Smart Call platform, which supports both pre-IMS and IMS technology and...
REDWOOD CITY, Calif.—Openwave Systems Inc. announced the acquisition of SoloMio Corp., a Texas-based provider of integrated subscriber call management services. Terms of the all-cash deal were not disclosed.Key to the deal is SoloMio’s Smart Call platform, which supports both pre-IMS and IMS technology and...
BOSTON—Shares of American Tower Corp. slid after the tower vendor said it will have to restate earnings due to inconsistencies regarding past stock-option grants. The company plans to file an amended annual report for 2005 that will "reflect the restatement of its consolidated financial...
SAN FRANCISCO-More than 34.6 million people used mobile Internet services in June, according to market research firm Telephia. E-mail and weather information sites proved the most popular among mobile Internet users, followed by sports Web sites, search sites and city directory and map sites....
SAN FRANCISCO—More than 34.6 million people used mobile Internet services in June, according to market research firm Telephia. E-mail and weather information sites proved the most popular among mobile Internet users, followed by sports Web sites, search sites and city directory and map sites....
NEW YORK-The broadening investigation into stock-option grants continues to plague wireless as federal prosecutors brought criminal charges against three former executives of Comverse Technology Inc. The criminal complaint, which was unsealed in federal court in Brooklyn, accuses founder and former Chief Executive Officer Kobi...
