TORONTO-WaveRider Communications Inc., provider of non-line-of-sight wireless broadband technology and deployments, said it has completed the private placement of $2.125 million of convertible debenture financing. "We believe this debenture financing puts WaveRider on a stronger financial footing, which will allow us to enhance our...
SAN JOSE, Calif.-SiRF Technology Holdings Inc. last week commenced its initial public offering of 11 million shares of common stock at $12 per share.The stock, which trades on the Nasdaq National Market under the symbol "SIRF," closed Monday at $16.51 per share.The company offered...
CARLSBAD, Calif.-Pulse-LINK, an ultra-wideband technology company, has closed its Series D stock offering for more than $30 million.The company said it will use the proceeds to complete development and attain commercial release of its software-defined radio cognitive radio UWB solution. The offering will allow...
SANTA BARBARA, Calif.-Somera Communications Inc. said it had a net loss of $4.1 million, or 8 cents per share, compared with the prior quarter when it had a net loss of $29.2 million, or 59 cents per share.Its revenues also fell to $28.4 million...
SAN DIEGO-Qualcomm Inc. soared to high profits in its second-quarter results, emphasizing the prosperity of its CDMA offerings and its place in the industry's travel to next-generation services.The company basked in a net income of $488 million, representing a 39-percent leap over the previous...
CHICAGO-Tellabs Inc. posted its first quarterly profit in two years, raising its shares by 10 percent.The equipment supplier had a net profit of $13 million, or 3 cents per share, compared with a loss of $42.9 million, or 10 cents per share a year...
CHICAGO-Navigation information technology company Navteq Corp. filed for a $500 million initial public offering. The company sells digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications.The company's announcement follows IPOs from other wireless-related companies, including Internet browser company Opera...
SEOUL, South Korea-Handset maker Sony Ericsson narrowly regained the No. 5 global market share slot from rival LG Electronics Co. Ltd. in the first quarter, as LG reported shipments of 8.75 million mobile phones compared with Sony Ericsson's 8.8 million. Asian upstart LG managed...
MELBOURNE, Fla.-Shares of AirNet Communications Corp. skyrocketed nearly 70 percent today after the company, which designs software-defined base station products for wireless communications, said it expects first-quarter revenues to be at the high end of its previously forecasted range. The company now expects revenues...
BETHLEHEM, Pa.-Infonxx, a directory assistance and enhanced information services company, said it closed a $40 million senior credit bank facility with Bank of America.Infonxx will use the funds to replace the company's existing credit facility and for future growth, expansion and acquisition plans.
MELBOURNE, Fla.-Wireless antenna manufacturer SkyCross has received a $1 million investment from Korea's SK Telecom.Last year, SK Telecom began implementing SkyCross' cellular, GPS and W-CDMA embedded antenna solutions in its new global positioning system-enhanced phones. With this latest investment, the two companies will continue...
Samsung Electronics set records in its operating and net profits as it unveiled its first-quarter results for the year.But the good news sent the company's stock down 3 percent over jitters about a possible slow second quarter.The mobile phone and semiconductor giant said it...
Nokia Corp. shares declined around 8 percent to about $15 per share after the company offered a flat second-quarter outlook, news that comes as the company's phone sales drag behind those of the rest of the industry."Nokia's own first-quarter mobile device volume growth of...
EDINGURG, Va.-Rural telecommunications provider and Sprint PCS affiliate Shenandoah Telecommunications Co. reported a 21-percent year-over-year increase in wireless revenues during the first quarter to $18.2 million and net income of $500,000 this year compared with a net loss of $700,000 during the first quarter...
HAUPPAUGE, N.Y.-Electronics company Audiovox Corp. reported first-quarter net sales of $376.9 million, an increase of 27 percent from the $296.8 million it reported in the same quarter a year ago. The company's mobile-phone business, Audiovox Communications Corp. (ACC), posted net sales of $240.3 million,...
NEW YORK-Texas Instruments Inc. brought more cheer to the semiconductor industry with a first-quarter result featuring higher profits, revenue and sales in line with Wall Street expectations.The chipmaker reported net income of $367 million, or 21 cents a share, an increase of 214 percent...
JACKSON, Miss.-Privately held wireless carrier Cellular South, which controls spectrum licenses covering more than 5 million potential customers in Tennessee, Mississippi, Alabama and Florida, said it recorded a 23-percent improvement in customer churn during the first quarter from 2.2 percent last year to 1.7...
NEW YORK-Standard & Poor's Ratings Services assigned its 'CCC' rating to Sprint PCS affiliate iPCS Inc.'s Escrow Co.'s $180 million senior unsecured notes offering due 2012 and assigned its 'CCC+' corporate rating to iPCS Inc. and iPCS Escrow Co. with a "developing" outlook.IPCS, which...
SANTA CLARA, Calif.-In spite of a substantial surge in its first-quarter profits, Intel Corp. did not live up to Wall Street expectations, and company shares fell 23 cents to $27.44 Wednesday.Intel's profit rose 89 percent to $ 1.7 billion in the first quarter of...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. said it expects to report 7,909 net customer additions during its second fiscal quarter ended March 31, compared with 5,755 net additions last year, and that it will end the latest quarter with 367,807 total customers. The carrier...
SAN DIEGO-Novatel Wireless Inc. said it expects to beat its previous guidance for the first quarter of this year with revenues of approximately between $14.8 million and $15.1 million.The company had originally anticipated between $12 million and $13 million in revenues.Novatel said it will...
Just as major manufacturers seem to have found steady ground by concentrating on their core competencies and get commitments for carriers to deploy advanced networks, their financial inefficiencies are being exposed. Nortel Networks Ltd. may have had more money than it thought. Nokia Corp.,...
NEW YORK-Lehman Brothers analyst Blake Bath this week initiated coverage of tower companies American Tower Corp., Crown Castle International Corp. and SpectraSite Inc. with various ratings. Bath rated American Tower "overweight" with a $16 price target, Crown was rated "equal-weight" with a $15 price...
GREENSBORO, N.C.-Mobile-phone chipmaker RF Micro Devices Inc. said its revenues for the quarter will come in at the high end of its expectations of between $152 million and $163 million. The company said it is experiencing strong customer demand and anticipates increasing sales in...
