Wall Street stomped Sierra Wireless Inc. after the company said it expects to post a drop in first-quarter revenues and a huge loss, sending the company's stock down an astounding 35 percent to $9.38 per share-the company's lowest share price in more than a...
Treo maker PalmOne Inc. announced chief Todd Bradley will resign his position at the end of the quarter. The news seemed to alarm investors, who sent the company's stock down more than 6 percent to about $24.98 per share.PalmOne's President Ed Colligan will take...
MILPITAS, Calif.-PalmOne Inc. announced its senior vice president and head of global operations, Angel Mendez, is leaving the company.Mendez, who joined PalmOne in July 2001, will join Cisco Systems Inc. as senior vice president of worldwide manufacturing. He will remain with PalmOne throughout the...
A California lawsuit claims that Verizon Wireless displayed "willful, deceptive and oppressive conduct" in limiting the capabilities of its Bluetooth-capable Motorola Inc. V710 camera phone. Law firm Kirtland & Packard L.L.P. is seeking class-action status for the lawsuit and is pursuing an unspecified amount...
SAN DIEGO-Mobile chipmaker Qualcomm Inc. won a preliminary injunction against the northern California company it accused of infringing on its technology patents.A U.S. District Court judge said evidence indicated Maxim Integrated Products of Sunnyvale, Calif., had misappropriated a confidential Qualcomm document containing trade secrets...
The Open Mobile Terminal Platform group's board of directors appointed Mats Nilsson as its new managing director effective Jan. 1. Nilsson is OMTP's first full-time employee, and initially he will be based in Sweden. Nilsson most recently was vice president and head of standardization...
PalmSource Inc.'s stock dropped to its lowest point ever following the company's dismal third-quarter outlook. "Although we generally performed to our financial expectations during the second quarter, we are not satisfied with this performance," said David Nagel, president and chief executive officer of the...
BEDMINSTER, N.J.-Verizon Wireless and Good Technology Inc. announced Wednesday they will partner in an effort to tap the mobile enterprise market. The companies will work together to market and sell the latest version of Good's messaging and corporate application system for the PalmOne Treo...
PalmSource Inc.'s stock dropped to its lowest point ever following the company's dismal third-quarter outlook. "Although we generally performed to our financial expectations during the second quarter, we are not satisfied with this performance," said David Nagel, president and chief executive officer of the...
Verizon Wireless and Good Technology Inc. announced Wednesday they will partner in an effort to tap the mobile enterprise market.The companies will work together to market and sell the latest version of Good's messaging and corporate application system for the PalmOne Treo 600. GoodLink...
Many in the industry peg iDEN handset vendor Motorola Inc. as a major winner following the merger between Sprint and Nextel Communications Inc. Motorola's position is enviable as the company also has managed to capitalize on the merger between Cingular Wireless L.L.C. and AT&T...
Investors trashed device maker PalmOne Inc. following lower-than-expected forecasts for the critical holiday shopping season, sending the company's shares down almost 20 percent to around $34.18 per share.Three out of four investment firms have downgraded their opinions of the company during the past week....
LG Electronics Co. Ltd., PalmSource Inc., SavaJe Technologies and China MobileSoft Ltd. all made waves on the operating-system front last week, announcements that further fractured an already complicated market. Indeed, as the mobile-phone industry continues to skyrocket, software vendors from all sectors are looking...
Operating system company PalmSource Inc. announced plans to acquire Chinese software vendor China MobileSoft Ltd. in an all-stock transaction valued at around $23 million. PalmSource's stock fell slightly after its announcement to about $14.15 per share.Under the terms of the transaction, PalmSource will issue...
L.M. Ericsson said it has won a $370 million contract extension with third-generation wireless carrier 3 to supply core, radio and transmission equipment and related services. The contract covers Sweden, Denmark, Norway and optionally Finland, according to Ericsson. PalmOne Inc. said it opened a...
MILPITAS, Calif.-PalmOne Inc. said it opened a retail store in a mall in San Jose, Calif., designed specifically to sell its line of Treo smart phones. PalmOne also operates 13 other retail outlets nationwide, which sell its smart phone and personal digital assistant devices."To...
LONDON-A new study shows that the market for smart phones will continue to increase during the next several years, with global shipments growing from 14.6 million units last year to 125 million units in 2009. According to research firm ARC Group, the worldwide smart-phone...
As the new No. 1 carrier in the United States, Cingular Wireless L.L.C. is in the position to greatly tighten its control over its handset suppliers. And with a subscriber base of nearly 46 million, the carrier has influence enough to develop a Vodafone-style...
Wireless users today largely talk on their phones, but in the near future they may begin talking to their phones. Woburn, Mass.-based VoiceSignal Technologies Inc. has developed what the company calls a "speaker-independent" voice-recognition technology that has been skimmed down for mobile phones. Like...
Although wireless device vendor Sierra Wireless Inc. continues to ride a wave of positivity on Wall Street, at least one firm believes the company is in for a quick fall in the not-too-distant future. "We recommend investors sell SWIR (Sierra Wireless) shares because this...
Nokia Corp. used its Nokia Mobility Conference last week in Monaco as a platform to showcase several new products, including its new smart-phone offerings: the Nokia 7710 widescreen multimedia smart phone, the Nokia 3230 megapixel smart phone and the mid-range Nokia 6020 camera phone....
While primarily a stomping ground for carriers and content developers to meet and deal, this year's CTIA Wireless I.T. & Entertainment show, held last week in San Francisco, also provided a platform for the launch of several new wireless handsets. Audiovox Communications Corp. led...
Worldwide mobile device shipments in the third quarter were up 83 percent from a year ago, with Nokia Corp. leading the charge, according to recent research from Canalys.The firm defines the mobile device market as feature phones, smart phones, handhelds and wireless handhelds.Nokia grabbed...
Sprint Corp. announced it will be the first carrier to offer palmOne Inc.'s new Treo 650 smart phone. The device, which will retail for $600, includes phone, e-mail, Web, organizer, MP3 player, digital camera and camcorder capabilities. Sprint said it will also offer a...
