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...
VIENNA, Va.—In a move to expand its mobile product development expertise, Induslogic Inc., which provides outsourced product development, said it has agreed to acquire Lambent, a mobile product engineering services company based in Nagpur, India. Lambent, which was established in 2000, adopted Qualcomm Inc.’s...
NEW YORK-Two emerging mobile players announced new funding this week. Broadband network Heavy.com closed a $10 million round of financing led by Polaris Venture Partners. The funds are earmarked for accelerating the company's rollout of original programming created for mobile and online viewing. The...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersMorgan Stanley updated its estimates on Verizon Communications following the close of its acquisition of MCI. Fourth-quarter 2005 EPS estimate moves to 62 cents from...
Motorola Inc. may cut EDGE technology from the initial shipments of its forthcoming handsets-including the highly anticipated Pebl and Slvr models-due to problems with chips from supplier RF Micro Devices Inc. Motorola earlier this year promised that its forthcoming Pebl and Slvr devices would...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
GREENSBORO, N.C.-RF Micro Devices Inc., which provides proprietary radio frequency integrated circuits for wireless applications, increased its guidance for its fiscal 2006 first quarter ended June 30. RF Micro Devices said it had stronger than expected order activity for its power amplifiers, transceiver chipsets...
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...
GREENSBORO, N.C.-Wireless chipset vendor RF Micro Devices Inc. lowered its profit forecasts due to efforts to reduce the company's inventories. The company also blamed greater-than-expected development expenses for its Polaris modules, its next-generation cellular transceivers and its power amplifier modules."The company's quarterly revenue will...
CHICAGO-Mobile mapping applications company Telmap Ltd. said its Polaris Mapping and Navigation System is ready to launch in the United States as a solution for some Nokia global positioning system-enabled handsets. Polaris will provide users with turn-by-turn navigation in graphic, text and voice formats,...
Following is a roundup of wireless industry companies that were either upgraded or downgraded this week by financial investment and analyst firms.UBS upgraded Qualcomm Inc. to buy from neutral on solid growth estimates for W-CDMA technology based on favorable handset pricing and form factor,...
GREENSBORO, N.C.-RF Micro Devices Inc., provider of radio frequency integrated circuits for wireless applications, today opened a new customer support and design center in Toulouse, France. The office was established to support collaboration between RFMD and leading wireless manufacturers located in Toulouse and other...
It appears that location-based service applications for finding local coffee shops, specialty stores, banks and the like have fallen short in intriguing consumers in the United States. But industry contends that a market-albeit one far more practical and far less sexy than previous expectations-for...
Polaris hopes to take the stress out of E911."We are a location-technology company," said Bob Dressler, Polaris' vice president of technology. "We are a software-based solution."The E911 mandate hangs like a cloud over the U.S. wireless industry. The Federal Communications Commission requires that the...
TOKYO-Intel Corp.'s stock took a beating early Friday after the world's largest silicon chip manufacturer reported third-quarter sales would fall short of analysts' expectations.The company's stock lost about 22 percent of its value, dropping more than $14 per share as soon as the market...
