SAN DIEGO-Qualcomm Inc. said it has declared a two-for-one stock split and approved a 40-percent increase in the company's quarterly cash dividend.The dividend, which will be payable Sept. 24, will rise from 10 cents to 14 cents per share of common stock, pre-split, or...
BECKLEY, W.V.-Pegasus Tower Co. Ltd. has acquired three wireless communications sites from New York-based A.P. Cell Towers, a division of Apollo Real Estate Advisors.The towers, located in West Virginia's Raleigh and Mercer Counties, will provide coverage on the I-77 and I-64 corridors, along U.S....
LINCOLNSHIRE, Ill.-Motient Corp. closed a sale of 3.5 million shares of common stock to several institutional investors in a private placement that raised approximately $30 million in gross proceeds. The company said it plans to use proceeds from the sale to repay certain existing...
LOS ANGELES-Wireless gaming publisher Jamdat Mobile Inc. filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. The company, which has agreements to distribute its application in 38 countries through 72 wireless carriers, said it...
MOUNTAIN VIEW, Calif.-PolyFuel Inc. said it closed an $18.4 million third round of funding. The new funds bring the five-year-old company's total investments to about $40 million.The latest funding was led by CDP Capital-Private Equity and includes existing investors Mayfield, Ventures West, Technology Partners,...
LAFAYETTE, Calif.-Nationwide angel investor network Keiretsu Forum said it will make an investment to support the Sept. 1 launch of mobile messaging software company Voice Genesis Inc.'s Vemail service, which will allow downloadable software to cell phones via distributors and wireless carriers.Voice Genesis recently...
LAS VEGAS-Left Right Marketing Technology Inc. said it expects to close its acquisition of NeoLink Wireless Content Inc. by July 31. NeoLink Wireless offers the MobiTV wireless broadcast platform that is offered by Sprint PCS.Upon completion of the acquisition, Left Right Marketing Technology plans...
CARY, N.C.-SpectraSite Inc. announced its wholly owned operating subsidiary SpectraSite Communications Inc. has amended its credit facility. The amendment provides for a $216.5 million basket that will allow the subsidiary to repurchase SpectraSite Inc.'s existing debt with a sub-limit of up to $175 million,...
RICHARDSON, Texas-Navini Networks Inc., a broadband wide-area wireless network provider, said it secured $30 million in series D financing.The funding round was significantly oversubscribed, according to the company. Funds will be used for international expansion and research and development.The round was led by Lehman...
SARASOTA, Fla.-Global Signal Inc. announced it has completed the acquisition of Tower Ventures III L.L.C. for $52 million in cash, plus fees and expenses. The 97 wireless communications towers are concentrated in Tennessee, Mississippi, Missouri and Arkansas. In all, Global Signal has acquired 214...
BETHLEHEM, Pa.-Directory assistance and information services provider Infonxx announced it received a $44 million investment from Technology Crossover Ventures.Proceeds will be used for technology development, acquisitions and expansion into new markets, said the company. As part of the investment, TCV purchased certain previously issued...
IRVINE, Calif.-Broadcom Corp. said it has signed an agreement to acquire Zyray Wireless Inc. Zyray makes a semiconductor product called Spinnerchip for the baseband of third-generation mobile phones."Pairing the Spinnerchip technology with Broadcom's single-chip EDGE/GPRS/GSM and GPRS/GSM baseband processors enables two-chip W-CDMA multi-mode phones...
SANTA BARBARA, Calif.-Superconductor Technologies Inc. announced it will close its Sunnyvale, Calif., facility and lay off 20 percent of its work force as part of a cost-reduction program intended to lower its breakeven point.The Sunnyvale facility will be consolidated into STI's Santa Barbara facility....
STOCKHOLM, Sweden-Nordic operator TeliaSonera said it will delist from the U.S. Nasdaq Stock Market due to low trading volumes.The company is also listed on the Stockholm Stock Exchange and the Helsinki Exchanges. Only 0.3 percent of the company's traded volume in 2003 was on...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. said it has priced an offering of $360 million aggregate principal amount of senior secured notes, consisting of $125 million of first-priority, senior-secured, floating-rate notes due in 2010 and $235 million of 10-percent second-priority, senior-secured notes...
HOLTSVILLE, N.Y.-Rugged mobile computing company Symbol Technologies Inc. announced it reached a cross-licensing agreement with Hand Held Products Inc. as a way to resolve the companies' ongoing patent battle."This is a significant milestone for each company's customers and partners. At Symbol, we take pride...
LOS ANGELES-Ring-tone company Xingtone Inc. announced it scored a first round of institutional financing from Siemens Mobile Acceleration. Terms of the deal were not disclosed."This investment is a significant development both for our company and the burgeoning mobile entertainment industry," said Jonathan Schreiber, the...
NEWBURY, United Kingdom-Arieson, a network planning and optimization company, said it secured its first round of institutional funding led by Add Partners and Top Technology Ventures, both European venture-capital firms.The company said it will use the funding to develop its suite of mobile network...
MILPITAS, Calif.-Kineto Wireless, supplier of mobile over wireless local area network solutions, closed its $35 million Series C round of financing, bringing total investments in the company to more than $59 million. "The combination of Voice over IP, the rapid deployment of wireless LANs...
SINGAPORE-Flextronics will acquire Hughes Network Systems' 55-percent ownership stake in Hughes Software Systems, which provides software products and services to telecom infrastructure companies, for $226 million. Together, Flextronics and HSS will provide a complete outsourcing solution to telecom original equipment manufacturers, including engineering services,...
WATERLOO, Ontario-Research In Motion Ltd.'s stellar growth was dimmed slightly due to a downgrade from Bank of America Securities, which forced the company's stock down from around $120 per share to about $115 per share. RIM's share were trading at about $115.39 Friday.Bank of...
SAN JOSE, Calif.-WJ Communications Inc. said it will acquire the wireless infrastructure business and associated assets of EiC Corp.WJ Communications designs and supplies radio-frequency semiconductors and multichip modules, while EiC designs, develops, makes and sells proprietary radio-integrated circuits."Through this acquisition, we expect to achieve...
ADC Telecommunications Inc. announced it is selling its customer care and billing software division, including its Singl.eView platform for revenue, transaction, billing and service management, to operational support services vendor Intec Telecom Systems for $74.5 million. Under the agreement, Intec will acquire all ADC...
SAN JOSE, Calif.-Citing higher-than-expected demand for its memory chips, Intel Corp. said its second-quarter revenue will reach the top end of its expectations.The company expects revenue to be between $8 billion and $8.2 billion. In April, the chip bellwether's forecast was $7.6 billion to...
