The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierRBC Capital Markets downgraded Sprint Nextel Corp. to sector perform from outperform and...
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...
REDWOOD CITY, Calif.-Openwave Systems Inc. reported substantially improved net loss figures during its fourth quarter, but revenues declined.For the quarter, Openwave reported revenues of $91.1 million, down 9 percent from revenues of $100.3 million during the same period a year ago and down nearly...
BOSTON—American Tower Corp., the nation’s largest tower company, released limited second-quarter results—but said it will probably restate its past earnings as a result of its investigation of stock option-granting practices. AMT said it expects to report its full second-quarter results in the next four...
REDWOOD CITY, Calif.—Openwave Systems Inc. reported substantially improved net loss figures during its fourth quarter, but revenues declined. For the quarter, Openwave reported revenues of $91.1 million, down 9 percent from revenues of $100.3 million during the same period a year ago and down...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierCredit Suisse First Boston adjusted its estimates on Alltel Corp. to reflect the...
ATLANTA—Cingular Wireless L.L.C. has become a member of the Open Mobile Terminal Platform, which makes recommendations to the handset industry on security, hardware, operating systems and browsers. Existing network operator members of OMTP include Vodafone Group plc, Orange SA, Hutchison 3G, KPN Mobile, SK...
REDWOOD CITY, Calif.—Shares of Openwave Systems Inc. plummeted after the mobile software developer projected a net fourth-quarter loss and received subpoenas in a broadening stock-options investigation. Openwave said it expects breakeven results, excluding items, on revenue of $90 million to $92 million during the...
MOUNTAIN VIEW, Calif.—VeriSign Inc. confirmed it received a grand jury subpoena requesting documents related to the company’s stock-option grants and practices. The company is the latest in a growing list of wireless firms that have been caught up in a nationwide investigation into executive...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierRBC Capital Markets started coverage on Dobson Communications with a sector perform rating...
BOSTON—American Tower Corp. says it intends to "vigorously defend" its stock-option granting practices in the face of two lawsuits filed just days after the company received a subpoena from a New York district attorney. AMT said a securities class action lawsuit was filed against...
The nationwide investigation into executive stock-option grants seems to be widening daily. And some major players in wireless are coming under the microscope. At issue is the practice of retroactively changing dates stock-option grants become effective. Stock options-allowing employees to purchase shares of the...
BOSTON—American Tower Corp. said it received a subpoena in the rapidly widening probe of stock-option grants that is ensnaring several major wireless players. The company, which owns and operates more than 22,000 broadcast and wireless communications sites, confirmed it received the subpoena from the...
BEDFORD, Mass.—Prepaid services provider Boston Communications Group Inc. appears to be the latest wireless company to fall under suspicion for questionably timed stock-options grants. According to a report in the Wall Street Journal, BCGI approved stock-options grants to senior executives three times during a...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierRBC Capital Markets lowered its 2006 EPS estimate on Alltel Corp. to $3.36...
REDWOOD CITY, Calif.—U.K. carrier O2 plc and Openwave Systems Inc. announced an initiative that calls for the companies to build a simplified mobile messaging service based on Openwave’s core messaging platform and client software products. The companies said they initially plan to develop a...
SUNNYVALE, Calif.—Yahoo Inc. scored another wireless win, inking a deal to deliver search and information services for subscribers of soon-to-launch mobile virtual network operator Helio L.L.C. The MVNO, a joint venture by SK Telecom and Earthlink Inc. slated to launch this spring, said it...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarriersStandard & Poor’s Ratings Services assigned an A-2 short-term rating to Sprint Nextel...
Sling Media Inc. launched a software package allowing wireless subscribers to view TV broadcasts on Windows Mobile devices. The developer announced a beta version of the much-awaited offering, which sends video from a cable box through an Ethernet cable to a handset running Windows...
Google Inc. is dipping its toe in the mobile browser business, formatting Internet sites for users surfing the wireless Web. But legal experts say the Internet giant may be infringing on copyrights in the process. The Mountain View, Calif.-based firm has developed software that...
MOUNTAIN VIEW, Calif.—Google Inc. is dipping its toe in the mobile browser business, formatting Internet sites for users surfing the wireless Web. The company has developed software that modifies Web sites for the smaller screens of cell phones. Users who perform a Google search...
SUNNYVALE, Calif.—InnoPath Software Inc. reported that Japanese wireless operator Vodafone K.K. selected its firmware over-the-air device management solution to deliver upgraded features and services to its subscribers. "With the growing popularity of sophisticated handsets, a total solution dedicated to fast, seamless software update delivery...
Openwave Systems Inc. and Sun Microsystems Inc. this week will unveil an agreement to share technologies in an effort to whittle time-to-market for applications from operators and software developers. The companies will share technologies to produce a software development toolkit that integrates Sun's Java...
MotorolaMotorola Inc. named Hamid Ahmadi its first chief architect, with responsibility for developing a unified architectural framework and leading strategic hardware and software architecture planning across all business units. Ahmadi will report to Padmasree Warrior, the company's executive vice president and chief technology officer....
