TORONTO-Nortel Networks Ltd. posted a third-quarter net loss of $105 million, or 2 cents per share, less than what was expected after the mayhem of firing senior executives, correcting numbers, hiring new management and settling a lawsuit brought on by the hiring of incoming...
The world's largest handset makers enjoyed generally plentiful profits and solid shipment numbers in the third quarter, but investors heard a few sirens of caution. Specifically, market-leader Nokia Corp. alarmed Wall Street with its reliance on sales of low-end, inexpensive handsets-and predictions that it...
Nortel Networks Ltd. seems to have emerged from under a financial cloud that has haunted it in recent years. The company recorded net earnings of $45 million, or 1 cent per share, during the second quarter. The results are in sharp contrast to the...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it expects second-quarter revenue to be about $38 million and operating expenses to be about 10-percent lower than the first quarter. The updated guidance for revenue corresponds to the higher end of the range given in May;...
Third-generation wireless buildouts propelled earnings for L.M. Ericsson and Lucent Technologies Inc. during the quarter ended June 30. Ericsson reported net profits of $744 million during its second quarter, a 16-percent increase in profits from the second quarter of 2004, when the Swedish manufacturer...
Lucent Technologies Inc. reported earnings today of $372 million, or 7 cents per share, for the third quarter, which ended June 30. The results are down 3.9 percent from last year's third-quarter earnings of $387 million, or 8 cents per share.The company posted revenues...
NATICK, Mass.-The emergence of IP Multimedia Subsystems is creating an environment in which telecom vendors' share and influence could experience revolutionary change, according to market research firm Venture Development Corp. With original TDM networks, traditional infrastructure suppliers controlled the entire solution development and deployment...
KINGS PARK, N.Y.-Wireless backhaul will become increasingly important as carriers seek to reduce operating expenses and subscribers use more voice and data minutes, according to a study from Visant Strategies. Wireless backhaul accounts for one-fifth of all backhaul capacity in the United States today,...
KINGS PARK, N.Y.-Wireless backhaul will become increasingly important as carriers seek to reduce operating expenses and subscribers use more voice and data minutes, according to a new study from Visant Strategies.Wireless backhaul currently accounts for one-fifth of all backhaul capacity in the United States,...
The wireless industry's drive for cost efficiencies has seen marked improvements during the past several years as many carriers have begun posting operating profits after years of racking up huge debts. Those improvements have been bolstered by greater operating efficiencies as carriers have balanced...
With three months of financial and operational performance on the books, 2005 is setting up as another strong year for the wireless industry. Analysts noted that first-quarter results have shown a substantial year-over-year improvement in customer growth along with improving churn and margin performances...
OKLAHOMA CITY-Boosted by strong growth in both service and roaming revenues, Dobson Communications Corp. reported a 16.2 percent year-over-year increase in revenues from $233.8 million during the first quarter of 2004 to $277.8 million this year. Service revenues jumped 13.4 percent from $181.7 million...
Investors raged on UTStarcom Inc. after the company announced it will cut its worldwide work force by 17 percent to counteract a drop in its China business. The company's stock plunged 30 percent after the announcement to $7.31 per share-the lowest stock price in...
NATICK, Mass.-Internet Protocol Multimedia Subsystems architecture is creating opportunities for several players, according to new research from Venture Development Corp.Several vendors are vying to increase their control of the supply side of the telecom core infrastructure market, and IMS allows many of them to...
NEW YORK-No. 2 mobile-phone maker Motorola may rely more heavily on RF Micro Devices Inc. for its mobile phone chips as the company works to trim its supply chain. Investment banking firm Piper Jaffray pointed to RF Micro Devices' increased operating expenses in the...
NEW YORK-Leap Wireless has delayed the release of its annual report due to accounting changes, and announced a bonus plan for employees, according to a pair of Securities and Exchange Commission filings. Leap said it is unable to file its 10-K for 2004 with...
Leap Wireless has delayed the release of its annual report due to accounting changes and announced a bonus plan for employees, according to a pair of Securities and Exchange Commission filings.Leap said it is unable to file its 10-K for 2004 with the SEC...
RESTON, Va.-Former Nextel Communications Inc. subsidiary NII Holdings Inc. said it plans to restate financial reports for full year 2003 and the first nine months of 2004 after its audit committee found possible accounting errors. The errors include $20 million in income tax computational...
Nextel Communications Inc., which is in the process of merging with Sprint Corp., posted a 19-percent increase in total revenues during the fourth quarter from $3 billion in 2003 to $3.6 billion last year. Analysts were expecting the carrier to post around $3.5 billion...
STOCKHOLM, Sweden-Ericsson largely beat Wall Street expectations with its solid fourth-quarter results, but investors sent the stock down more than 8 percent to $28.27 per share. The move comes as investors drop stocks from a variety of wireless gear makers following impressive fourth-quarter showings,...
In what is likely shaping up to be the last quarter with six nationwide operators, four of the country's largest carriers posted relatively healthy third-quarter earnings that showed there is still penetration growth potential in the U.S. market. Cingular Wireless L.L.C., which is set...
A tremor of restructuring is rippling through the infrastructure players, signaling a new approach to the market. Such moves, some of them imposed and others induced, are spawning a new round of layoffs in some of the companies. Nortel Networks Ltd. and Motorola Inc....
Nortel Networks Ltd. said its anticipated restructuring will lap up 1,400 jobs in the United States, and the overall job overhaul will generate charges of about $450 million. The vendor had announced plans earlier this month to cut jobs just as it is undergoing...
WASHINGTON-FCC Commissioner Kathleen Abernathy said Thursday morning that erratum changes to Federal Communications Commission rules should only be for clerical errors not clarifying inconsistencies."Erratums are for clerical errors in the item," said Abernathy during a press briefing.Nextel Communications Inc. has asked the commission to...
