OXFORD, United Kingdom-Romances don't always last forever. Mostly they decay gracefully at the close of a seemingly predetermined life cycle. Sometimes they blossom into universally admired permanent relationships. Other times they collapse suddenly and acrimoniously, leaving bitterness and recriminations.The telecommunications and financial industries have...
Royal Philips Electronics and Lucent Technologies Inc. last week said they will dissolve the consumer communications joint venture they established just more than one year ago.At the time of its formation Oct. 1, 1997, Philips Consumer Communications had high hopes it would be a...
Philips Electronics NV could announce this week plans to scrap its consumer communications joint venture with Lucent Technologies Inc. A decision about the fate of Philips Consumer Communications is expected Thursday, when Philips Electronics is scheduled to release its third-quarter earnings.The company Sept. 21...
DENVER-Under the direction of its new chief executive-Osmo Hautanen, formerly of Philips Consumer Communications and Nokia Corp.-start-up firm Formus Communications Inc. has made steady progress in its mission in the broadband wireless access arena.Founded in 1996, Formus' aim is to acquire broadband wireless access...
WASHINGTON-Last week's annual meeting of the World Bank and International Monetary Fund ended with a blueprint-but not a bold solution-for containing a worsening global financial crisis that is taking a toll on wireless firms in the global market.Highly symbolic of the contagion, which began...
CHS Electronics Inc., an international distributor of microcomputer products, announced an agreement to purchase BrightStar Corp., a start-up wholesale distributor of cellular phones and accessories, the companies said.CHS will use cash and shares of stock to pay for the acquisition, but other terms of...
NEW YORK-Long Distance International Inc., Fort Lauderdale, Fla., announced Oct. 1 a merger with Stockholm-based NETnet International S.A. that will add 90,000 business customers to LDI's portfolio in Europe, of which 65,000 are cellular and 25,000 are long-distance subscribers.Terms of the transaction, announced at...
MURRAY HILL, N.J.-Executives of Lucent Technologies Inc. say they expect the company to continue growing faster than the expanding telecommunications market and expect to take market share from competitors.One day before the Sept. 18 statement, Lucent released results for the third quarter, which ended...
The year-old Asian financial crisis is being blamed for an increasingly gloomy outlook for the third quarter, which ends this week. The situation is compounded by growing economic worries in Russia and Latin America and a weakened semiconductor market.Several companies warned investors last week...
Alcatel Alsthom's announcement of lower-than-expected earnings hit telecom stocks in Europe and the United States late last week.The French telecom equipment vendor said its telecom segment's income will be "adversely impacted by sharp investment cuts recently decided by some traditional operators and the deepening...
The head of Philips Consumer Communications quit in late August amidst the company's announcement it doesn't expect to break even this year.PCC President and Chief Executive Officer Mike McTighe resigned from those positions effective 1 October.When Lucent Technologies Inc. and Philips Electronics N.V. hatched...
The head of Philips Consumer Communications quit last week amidst the company's announcement it doesn't expect to break even this year.PCC President and Chief Executive Officer Mike McTighe resigned from those positions effective Oct. 1.When Lucent Technologies Inc. and Philips Electronics N.V. hatched the...
GoAmerica Communications Corp. announced it signed an agreement to become a value-added reseller of Information Mechanics Inc.'s line of wireless data applications for smartphones and other handheld devices. Under the agreement, GoAmerica will feature IM's Web product line on its Web@Hand portfolio of wireless...
VLSIVLSI Technology Inc. said its president and chief operating officer, Richard M. Beyer, left the company for personal reasons. "We have a very solid team that can weather the current semiconductor industry downturn while we continue to invest in the strategic technologies that position...
DUBLIN, Ireland-As mobile phone technology continues to develop rapidly, users continually are encouraged by operators and manufacturers to upgrade their phones to the latest models to take advantage of advanced network services. This, however, leaves the question of what should be done with old...
It's one thing to have lofty ambitions within the safe confines of executive boardrooms, but it's quite another to let the world in on them.That's what Philips Consumer Communications, a joint venture of Philips Electronics N.V. and Lucent Technologies Inc., did when it said...
The Western European cellular service market will grow from $31 billion in 1997 at an annual growth rate of 7.6 percent to become a $52 billion industry by 2002, according to a new forecast from International Data Corp."The cellular market in Europe is maturing...
Several leading telecommunications and computer industry companies last week announced a technology platform that would allow all types of mobile devices to communicate with each other without cable connections.Companies including Intel Corp., IBM Corp., Toshiba Corp., Nokia Corp. and L.M. Ericsson are participating in...
NEW YORK-Led by dramatic expansion of television, mobile telephony and multimedia services, global satellite industry revenues will skyrocket to $171 billion in 2007 from $38 billion in 1997, according to projections by Merrill Lynch, Pierce, Fenner & Smith Inc., New York.Within the next year...
OXFORD, England-Trunked radio networks are the poor relations of the European mobile community. PMR (Private Mobile Radio) and PAMR (Public Access Mobile Radio) networks are used widely in public-safety and civil markets, but are inflexible and outdated. A sorry situation compared with the success...
Qualcomm Inc. and Philips Consumer Communications L.P. entered into a royalty-bearing, cross-license agreement for CDMA technology and products, said Qualcomm. Philips granted Qualcomm a license under its patents for its own use and for sale of CDMA products. Qualcomm granted Philips a license under...
ComTel Ltd., a United Kingdom-based cable TV company, said it plans to offer its customers mobile telephone service through an agreement with U.K. cellular carrier Cellnet.ComTel business customers will be able to purchase mobile phones at competitive prices, said the company, which also will...
KING OF PRUSSIA, Pa.-InterDigital Technology Corp. will keep its patent on the Time Division Multiple Access wireless radio communications system used in Germany, said the company, after an appeal before the German Supreme Court challenging its validity was withdrawn by the appellants.As a result,...
Qualcomm Inc. and Philips Consumer Communications L.P. entered into a royalty-bearing, cross-license agreement for Code Division Multiple Access technology and products, said Qualcomm.The deal "amicably settles litigation" that Qualcomm filed last year seeking a judicial determination that certain features of its products do not...
