MOUNTAIN VIEW, Calif.-Alvarion Communications Ltd. said it has entered an agreement to acquire InterWave for approximately $56 million in an all-cash deal.InterWave makes compact GSM and CDMA network equipment and services for low-density markets in developing regions as well as vertical applications. Alvarion...
PHILADELPHIA-@Road Inc. won't buy MDSI Mobile Data Solutions Inc. after all.The cancellation of the proposed acquisition, valued at about $86 million when it was announced in April, was made public by the two companies late Tuesday. However, the two companies have agreed to develop,...
It's already been a hectic week for investment in the wireless arena, with several companies scoring millions of dollars in venture-capital funding. Some of the more significant announcements since Monday: Wireless local area network switch start-up Aruba Wireless Networks secured $27 million in financing...
TORONTO-Nortel Networks Ltd. said its operating cost and gross margins for 2004 have not reached its expectation.In its bi-weekly financial update, the embattled vendor said its operating cost is not below the targeted 40-percent mark, while its gross margins are below the targeted percentage...
HOLTSVILLE, N.Y.-Symbol Technologies Inc. will acquire Matrics Inc., which designs and manufactures electronic product code (EPC)-compliant radio frequency identification (RFID) systems, for $230 million."The acquisition of Matrics is a significant step in executing our plan to be a leader in RFID and expands our...
CONSHOHOCKEN, Pa.-Sprint PCS affiliate UbiquiTel Inc. said it added 16,900 net subscribers during the second quarter of this year, which was slightly less than the 17,800 subscribers the carrier said it added during the second quarter of 2003. UbiquiTel added that it ended the...
LITTLE ROCK, Ark.-Alltel Corp. posted a 5-percent increase in wireless service revenues from $1.195 billion during the second quarter of 2003 to $1.253 billion this year, while wireless net income dropped slightly from $262 billion last year to $261.6 billion this year.The company's total...
SAN DIEGO-Qualcomm Inc. has reasserted itself as one of the wireless industry's success stories with third-quarter financial results marked with outstanding figures.The proprietor of CDMA technology had a third-quarter net income of $486 million, representing a 154-percent leap over the same period last year,...
LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. released preliminary second-quarter results showing that it added approximately 40,000 net customer additions during the second quarter of this year-ending the period with 813,000 total subscribers-compared with 24,000 net customer additions during the second quarter of 2003....
CHICAGO-U.S. Cellular Corp. posted a 10-percent increase in total revenues during the second quarter from $645.9 million last year to $712.2 million this year, not including its Florida, Georgia and south Texas operations, which the carrier sold to AT&T Wireless Services Inc. earlier this...
DALLAS-Texas Instruments Inc. unveiled a second-quarter profit that tripled last year's figures, owing to strong demand for wireless handsets and its semiconductor products.TI roared to a $441 million, or 25 cents a share, profit as against $121 million, or 7 cents a share, last...
ST. LOUIS-AAT Communications Corp. has closed on a new $325 million senior credit facility, which it plans to use to repay debt, increase its cash balance and to fund new acquisitions and tower development.The credit facility includes a $200 million Term Loan B, a...
SCHAUMBURG, Ill.-Motorola Inc.'s second-quarter 2004 earnings reflected strong year-over-year growth with the exception of a hefty net loss due to the spin-off of its semiconductor business.The company reported sales of $8.7 billion for the second quarter of 2004, up 41 percent from $6.2 billion...
WILMINTON, Del.-Aura Communications Technology Inc. said it has secured an $11 million round of funding, which consists of both new funds and conversion of all outstanding loans.Creative Technology and Entrepia Ventures led the round, while others included iSherpa Capital, Duchossois Technology Partners and Motorola...
LONDON-Virgin Mobile U.K. has cut the price of its shares in its pending initial public offering by 20 percent due to "tough market conditions," according to international press reports.Virgin Mobile shares will now be priced between $3.70 and $4 rather than the original $4.35...
SINGAPORE-Flextronics' shares dropped 8.25 percent on its projections for the company's second-quarter results, which fell lower than expected.But the company said it generated a net income of $78.3 million, which represents a 283-percent rise, or 14 cents per share. This contrasts with the year-ago...
SEOUL, South Korea-LG Electronics Inc. said it hit record sales in the second quarter of 2004, recording $5.2 million in total sales, representing a 25.2-percent increase from last year's second quarter. Within that, exports were up 31 percent from last year, with the United...
AUSTIN, TEXAS-Freescale Semiconductor Inc. and parent company Motorola Inc. Friday announced the initial public offering of 121,621,622 shares of Freescale Semiconductor Class A common stock at a price of $13 per share, for a total offering of $1.58 billion. Freescale Semiconductor's Class A common...
Samsung Electronics Co. Ltd. posted $2.71 billion in overall net income for the second quarter of 2004, citing strong sales in its semiconductor, LCD and telecommunications networks businesses, and slight losses in its digital media and appliance businesses. Its mobile-phone division remained unchanged in...
EDINBURG, Va.-Sprint PCS affiliate Shenandoah Telecommunications Co. said its second-quarter revenues grew by 20.6 percent from the same quarter last year to $30 million, bolstered by a 23.3-percent increase in wireless revenues.Overall income from continuing operations for the quarter stood at $2.9 million, or...
RESTON, Va.-Nextel Communications Inc. announced it has entered a new five-year $4 billion revolving credit facility, increasing the company's borrowing capacity by $1.4 billion and reducing its borrowing costs. The move comes a week after the Federal Communications Commission said Nextel must secure a...
TORONTO-In its update on the company's financial problems, Nortel Networks Ltd. said business is gaining momentum, and it expects to report a cash balance of approximately $3.6 billion for end-June."I am also pleased with Nortel Networks momentum and continue to expect our revenues in...
BOULDER, Colo.-Shares of SpectraLink Corp., which manufactures and provides wireless phone systems for the enterprise, plummeted more than 20 percent this morning following warnings that its second-quarter financial results, to be officially released Thursday, will fall short of market expectations.SpectraLink said its total revenue...
SAN JOSE, Calif.-Orative, which develops mobile collaboration software, said it raised $12 million in series B funding.The round was led by Trinity Ventures. The company will use the funds for development, marketing and sales of its mobile communications products, which are aimed at enterprise...
