HOUSTON-Crown Castle International Corp. announced it has extended its offer to exchange newly issued 7.5 percent senior notes due 2013 for $300 million outstanding principal amount of its 7.5 percent existing senior notes due 2013.The offer's expiration date has been extended through March 12,...
LONDON-Standard and Poor's ratings services lifted Lucent Technologies Inc.'s corporate rating to B from B- in its review of the telecom equipment industry."Standard & Poor's believes industry revenues have stabilized in recent quarters, after declining steeply from their peak in 1999, while Lucent' s...
LOS ANGELES-Texas Instruments Inc. shares took a 4-percent tumble on the news of its optimistic first-quarter revenue forecast on its semiconductor business.TI said it anticipated revenue of between $2.8 billion and $2.9 billion and earnings of between 19 cents and 22 cents."I would describe...
HOLTSVILLE, N.Y.-Symbol Technologies Inc. reported increasing revenues as well as net earnings of $16.2 million in its fourth quarter, but the positive news didn't interest investors, who sent the company's stock down about 11 percent. Symbol's stock was trading about $16 after its earnings...
MILPITAS, Calif.-PalmOne Inc.'s shares jumped almost 15 percent in trading after Wall Street investment firm JP Morgan upgraded the company's stock from "neutral" to "overweight," citing the success of the company's Treo 600 mobile phone/personal digital assistant device.PalmOne's shares jumped by about $1.63 to...
NEW YORK-Moody's Investor Services downgraded its ratings of Dobson Communications Corp. and its subsidiaries following the carrier's "poor financial performance" during the fourth quarter of 2003 and management guidance for continued weak performance in 2004, which Moody's noted would "considerably reduce the company's financial...
HOUSTON-Crown Castle International Corp. said it will recognize the loss related to the extinguishment of the tendered 9 percent and 9.5 percent senior notes in the first quarter of this year, which will decrease its previously reported fourth-quarter and full year 2003 net loss....
STOCKHOLM, Sweden-Mobilaris AB, which provides middleware for location-based services, acquired BlueFactory's third-party content and service management operations."The third-party instrumentation is exactly what we need at Mobilaris at present," said Bjorn Westerholm, chief executive officer of Mobilaris. "It is an important step to assure that...
SAN DIEGO-Qualcomm Inc. said its board of directors has approved a 43-percent increase in quarterly cash dividend from 7 cents to 10 cents per share of common stock."Given Qualcomm's strong cash position and the favorable tax treatment for dividends in the United States, we...
SANTA BARBARA, Calif.-Shares of Superconductor Technologies Inc. were down more than 40 percent following the release of the company's fourth quarter and year-end 2003 financial results, despite the fact that the company announced its first profitable quarter.STI recorded net revenues of $16.4 million for...
NEW YORK-Citing potential bank covenants and increased roaming revenue pressure following the pending merger between Cingular Wireless L.L.C. and AT&T Wireless Services Inc., Standard & Poor's Ratings Services placed its ratings for Dobson Communications Corp. and American Cellular Corp. on CreditWatch with negative implications.S&P...
TOMBALL, Texas-Litfiber Inc. announced it has acquired a public company, enabling it to be listed on the Nasdaq OTC Market as LTBI.Litfiber believes its stock will open around $4 per share, following the closing of its first round of financing. The company also said...
OSLO, Norway-Opera Software detailed its previously announced plans for an initial public offering in Norway, with hopes of scoring around $40 million. The move is a nod to the company's successes in the mobile-phone market, as more and more major handset manufacturers license the...
CALABASAS, Calif.-Tekelec, developer of telecommunications signaling and switching solutions, packet-telephony infrastructure, network monitoring technology, and value-added applications, will purchase Taqua Inc., a privately held provider of next-generation Class 5 packet switching systems. In making Taqua part of its switching business, Tekelec will purchase all...
BOSTON-American Tower Corp. has completed the redemption of $212.7 million principal amount of its 6.25 percent convertible notes due 2009. The company redeemed the notes at 102.1 percent of the principal amount, for a redemption price of $221.9 million, including $4.8 million in accrued...
CANNES, France-Third-generation mobile communications technology supplier UbiNetics announced it has completed a $26 million investment led by international venture capital company 3i."The investment further emphasizes the positive change in the wireless industry toward 3G, and it clearly signals a change in mood in the...
LEVITTOWN, Pa.-FTS Wireless Inc., which operates retail wireless locations that market and sell next-generation wireless products and services and operates Wi-Fi hot spots, signed a binding letter of intent to acquire the assets of Tampa, Fla.-based wireless distributor Wireless Unlimited Inc. Last week FTS...
American Tower Corp. and Crown Castle International Corp. released solid fourth-quarter 2003 financial results, as expected.American Tower's revenues totaled $191.5 million, up from $177.4 million for the fourth quarter of 2002. Net loss decreased to $51.2 million, or 23 cents per share, compared with...
NEW ORLEANS-AIR2LAN announced it has received $1 million in financing it plans to use to continue the development of its New Orleans market and to deploy its services to new markets in Monroe, West Monroe, Ruston, Bastrop, and additional satellite markets in Louisiana."AIR2LAN is...
ST. LOUIS-Amdocs announced it has completed the acquisition of XACCT Technologies Inc., as announced in December. Amdocs acquired the company for $29.5 million, including $13.5 million in cash and the rest in Amdocs ordinary shares."The integration of XACCT's industry-leading mediation software provides us a...
LONDON-Premium messaging company mBlox continued its acquisition spree with the purchase of WCL Wireless Commerce UK Ltd., a premium messaging company in the United Kingdom. Terms of the deal were not disclosed.mBlox previously acquired Swapcom SMS, the French text messaging transmission business of Swapcom,...
FORT WORTH, Texas-RadioShack Corp. said its fourth-quarter net income was $127 million, or 77 cents per diluted share, compared with net income of $109 million, or 63 cents per diluted share, for the fourth quarter of 2002.Full-year net income was $298 million, or $1.77...
HOUSTON-Crown Castle International Corp. closely followed competitor American Tower in releasing its fourth-quarter 2003 results.Crown reported revenue for the fourth quarter of $214 million, up from $179.3 million during the same quarter in 2002. Revenue for the full year 2003 was $786.8 million, also...
NEW YORK-Following Cingular Wireless L.L.C.'s announced acquisition of wireless rival AT&T Wireless Services Inc. earlier this week, Fitch Ratings placed Cingular and well as its parent companies SBC Communications Inc. and BellSouth Corp. on Rating Watch Negative and AWS' on Rating Watch Positive.Fitch explained...
