Wireless data and technology companies continue to entice investors, with messaging provider Mobileway, wireless enterprise company Adesso Systems and phone processor vendor Alphamosaic announcing new funds.Mobileway said it scored a major $23 million in its latest round of funding, bringing its total haul during...
SUNNYVALE, Calif.-Wi-Fi and broadband wireless equipment provider Proxim Corp. lowered its first-quarter financial expectations, saying it now expects to report lower revenues and greater losses than those predicted in January. The company now predicts revenue for the quarter will be between $25 million...
NEW YORK-Shares of equipment maker Andrew Corp. jumped 13 percent after it raised its revenue forecast for the second quarter.The company said its second-quarter earnings will range between 4 cents and 6 cents per share, including charges. This trumped analyst prediction of 6 cents,...
SUNNYVALE, Calif.-Operating system company PalmSource Inc. said its 3 million share offering will be priced at about $18 per share. The company's stock was up slightly after the news to about $19.28 per share.PalmSource, recently separated from hardware business PalmOne Inc., sells operating systems...
VANCOUVER, British Columbia-Investors cheered Sierra Wireless Inc.'s upgraded first-quarter forecast, sending the company's stock up almost 13 percent to $40.72 per share. Sierra said strong sales of its wireless PC cards and embedded modules for mobile phones contributed to the company's positive quarter and...
WASHINGTON-Novatel Wireless said it has filed with the U.S. Securities and Exchange Commission to sell 4 million common shares to pursue goals such as research and development, potential acquisitions and other corporate purposes.The company also wants to add another offer of 3.5 million shares...
OKLAHOMA CITY-Dobson Communications Corp. said it will pay an in-kind dividend of .03250 shares of its 13 percent senior exchangeable preferred stock for each share held by current stockholders on May 1 to holders of record at the close of business on April 15....
LOS ANGELES-TechnoCom Corp., which provides wireless location operations support systems and business support systems, announced the completion of a $6.75 million round of financing. Timeline Ventures led the investment with Third Point Management Co., Titan Investment Partners and iSherpa Capital also participating."This partnership of...
TOKYO-NEC Electronics Corp. said it has licensed the semiconductor products of Transmeta Corp for low-power technology and to manage transistor leakage.Transmeta's product, known as LongRun2, will be in the 90, 65 and 45 nanometer packages.NEC also announced it is purchasing "a small percentage" of...
EXTON, Pa.-WPCS International Inc., which offers project engineering services for specialty communication systems, Wi-Fi and fixed-wireless applications, announced it plans to acquire wireless infrastructure provider Heinz Corp. for $1 million in cash and stock."Our company has reached a point where we need to expand...
NEW YORK-Scott + Scott L.L.C. said it has filed a securities class-action lawsuit against Nortel Networks Corp. on behalf of investors that purchased Nortel stock between Dec. 23, 2003, and March 12, 2004.The lawsuit alleges that Nortel violated securities laws during that timeframe by...
LOS ANGELES-Agere Systems Inc. suffered a slump in its stock position after it warned that its second-quarter results will fall short of anticipation.The company cites weak sales of chipsets for advanced mobile phones.The stock fell 36 cents, or 11 percent, to $3.05 cents.Agere's stock...
RESTON, Va.-Nextel Communications Inc. initiated a cash tender offer and consent solicitation for the entire $858.8 million outstanding principal amount of its 9.5-percent senior serial redeemable notes due 2011. Total compensation for the notes will include a consent payment of $30 per $1,000 principal...
OKLAHOMA CITY-Dobson Communications Corp. said it has completed a series of open market transactions initiated earlier this year to repurchase approximately $55.5 million of its 8.875 percent senior notes for approximately $48.3 million. Dobson reported earlier this week that it will delay the filing...
ATLANTA-Wireless application and technology company Air2Web announced it acquired European wireless software company Wokup SA. Terms of the deal were not disclosed."We are very excited about the merger with Wokup," said Sanjoy Malik, Air2Web's president and chief executive officer. "Air2Web is already providing significant...
LAGUNA NIGUEL, Calif.-Bitfone Corp. announced it scored a major $21 million in venture funding, bringing its investment total to $57 million. The company said Prism Venture Partners led its latest round of funding, and was joined by Nokia Venture Partners and Flextronics."The investment allows...
LEVITTOWN, Pa.-FTS Wireless Inc. an operator of retail wireless locations that market wireless products and services and operate Wi-Fi hot spots, said it has successfully integrated the acquisition of its sixth wireless location."FTS Wireless is on track to post record top-line revenue growth for...
OKLAHOMA CITY-Citing ambiguities in covenant language related to the 2004 bank credit agreement with its Dobson Cellular Systems subsidiary, Dobson Communications Corp. said it plans to file an application with the Securities and Exchange Commission to extend the filing period for its 200310-K report....
BOCA RATON, Fla.-SBA Communications Corp.'s Chairman of the Board of Directors Steven Bernstein plans to trade up to 1.4 million shares of SBA common stock, or 25 percent of his total beneficial ownership in the company, during a period of six months.SBA said Bernstein...
NEW YORK-Standard & Poor's Ratings Services assigned its 'B-' rating to Rural Cellular Corp.'s aggregate $510 million senior secured floating notes due 2010 and senior secured noted due 2012. S&P also place a '2' rating on the note issues, which it said indicated an...
NEW YORK-Moody's Investor Services assigned a Caa1 rating to AirGate PCS Inc.'s recently issued 9.375 percent senior subordinated secured notes due 2009 and a B2 rating for the carrier's $141 million secured credit facility. Moody's also placed a stable rating outlook for AirGate noting...
BISMARCK, N.D.-Nextel Communications Inc. network partner Extend America, which announced last year plans to build an iDEN-based network using Nextel's spectrum in a number of rural markets, said it has secured an additional $9.5 million in second stage funding by investors including Catalyst Investors,...
WOODBURY, N.Y.-Comverse Technology Inc. reported solid fourth-quarter results with a return to profitability and a hopeful outlook, but investors seemed relatively unmoved and sent the company's stock down slightly after the news to about $18.26 per share.Comverse reported sales of $203 million for the...
