PETAH TIKVA, Israel-ECI Telecom Ltd. released first-quarter 2003 results and announced changes to its board.The company reported revenues of $118.7 million, down from $149.2 million in the previous quarter. Operating expenses were down to $54.2 million compared with $69.9 million in the previous quarter....
WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. reported a net income of $6.1 million for its first quarter on revenues of $165 million, while showing a decline in subscribers of almost half a million.The carrier, which recently emerged from Chapter 11 bankruptcy, said...
WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. reported a net income of $6.1 million for its first quarter on revenues of $165 million, while showing a decline in subscribers of almost half a million.The carrier, which recently emerged from Chapter 11 bankruptcy, said...
NEW YORK-Lucent Technologies Inc. said it has slashed its operating expenses by as much as 74 percent and the measures have increased margins by 16 percentage points and put the company on the path to profitability.The company has pared its staff by 64 percent...
ISSY-LES-MOULINEAUX, France-Wavecom SA released its first quarter 2003 results.The company reported revenues of $98 million, down from fist quarter 2002 revenues of $121.2 million. The company experienced a net loss of $4.5 million, or 30 cents per share, down from last year's earnings of...
SAN FRANCISCO-Messaging company Critical Path Inc. announced it expects to report earnings below expectations when it releases its quarterly revenues later this month. The company expects to report first quarter revenues of $18 million and cash operating expenses of $26 million."Revenue was lower than...
CHILLICOTHE, Ohio-Sprint PCS affiliate Horizon PCS Inc. said it has hired investment banking firm Berenson & Company to assist it in renegotiating and restructuring its equity, debt and other contractual obligations after the carrier said it would probably violate one or more covenants under...
WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. reported a net loss for its fourth quarter of $8.3 million, down from its net loss of $191 million in the same quarter last year.Consolidated revenues for the fourth quarter totaled $182 million, a decline from...
OVERLAND PARK, Kan.-Sprint PCS said it will cut approximately 1,600 employees and 500 contractors in an attempt to reduce its operating expenses and create a more competitive cost structure. The cuts are expected to effect approximately 6 percent of the carrier's work force.Most of...
REDMOND, Wash.-AT&T Wireless Services Inc. became the first nationwide wireless operator to officially report an increase in its customer base during the third quarter of this year following negative net customer additions from Sprint PCS and Cingular Wireless. The Redmond, Wash.-based operator said it...
TORONTO-Sierra Wireless Inc. reported a surprise third-quarter profit Tuesday as sales of its wireless modems came in higher than management had expected.The Vancouver-based company posted a profit of US$503,000, or 3 cents a share, in the quarter ended Sept. 30, compared with a loss...
TORONTO-Capital expenditures fell and revenue growth was nearly flat for Canadian telecommunications service providers in the first quarter of 2002, according to a recent report from Statistics Canada.The government statistical agency said Canada's wireless, wireline and satellite telecommunication providers, as well as resellers of...
MISSISSAUGA, Ontario-Certicom Corp.'s fourth quarter and year-end results for fiscal 2002, ended April 30, 2002, exceeded previous guidance-marking the third consecutive quarter the company has done so.For the quarter, Certicom reported $3.8 million in revenue, pro-forma costs and operating expenses totaling $6.1 million and...
WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. reported consolidated net income of $1.7 billion for the second quarter, ended June 30, 2002. The carrier's revenues for the second quarter totaled $200.8 million.Arch recorded a $1.6 billion gain from the termination of its debt...
TORONTO-Mobile resource management company AirIQ said its second quarter 2002 results reflect its gross profit growth and revenue growth are way up from the second quarter of 2001.The company recorded revenues of $1.4 million compared with $613,877 for the year-ago quarter and $1.2 million...
REDMOND, Wash.-AT&T Wireless reported 417,000 net customer additions for the second quarter, well below previous guidance and analysts' estimates of around 550,000 net additions for the quarter. The carrier blamed a large part of the shortfall on resale partner WorldCom Inc.'s decision to exit...
WESTBOROUGH, Mass.—Paging and messaging carrier Arch Wireless Inc. announced net revenues for the first quarter of $228 million, down from the $241 million the carrier earned in the previous quarter.However, earnings before interest, taxes, depreciation and amortization were up, $62 million for the first...
BOULDER, Colo.—SignalSoft Corp. expects to report revenue below guidance for the first quarter ended March 31, due to delayed deployments of new mobile location services by major wireless carriers.SignalSoft said revenues for the quarter should total approximately $3.8 million to $4 million, which is...
RESTON, Va.—Openet Telecom announced that its recently unveiled FusionWorks wireless convergent mediation platform will be deployed by Rural Cellular Corp. to enable it to offer advanced 2.5G and 3G-related services in the future."Service providers large and small are facing similar issues—high operating expenses due...
ALAMEDA, Calif.—Wireless data infrastructure provider Geoworks Corp. announced a series of drastic moves and a depressing third quarter report, news that sent the company's stock rocketing down almost 40 percent in trading today to just under 50 cents per share.The company said it will...
CAMPBELL, Calif.—P-Com Inc., a manufacturer of point-to-point and point-to-multipoint wireless systems, said it is going forward with a restructuring plan that includes strengthening the management team, introducing new products and reducing operating expenses by $3.3 million in hopes of returning the company to profitability...
LONDON—Marconi said it plans to cut 4,000 more jobs as part of its strategy to pare down its annual operating expenses to US$1.2 billion.The additional cuts, according to the company, are necessitated by the uncertainties in the market.
DENVER, United States, and TORONTO—In the first such announcements from operators for second-generation (2G) networks, two separate network sharing agreements were announced this week—one between two U.S. operators and one between two Canadian carriers.In the United States, Cingular Wireless and VoiceStream Wireless entered into...
VANCOUVER, British Columbia—Sierra Wireless Inc. posted better than expected third-quarter numbers, noting the introduction of new products during the fourth quarter should help it contend with the current difficult economic conditions.The company reported revenue for the quarter of $12.8 million, down from the $15.1...
