OWINGS MILLS, Md.-Aether Systems Inc. reported sluggish revenues and continuing net losses, which the company said was partly due to the recent sale of its wireless enterprise division. However, Aether hinted that additional sales or other major business moves may be on the horizon."In...
BOSTON-American Tower Corp.'s fourth-quarter 2003 earnings reported today were in line with analyst expectations.The company said revenues totaled $191.5 million, up from $177.4 million for the fourth quarter 2002. Net loss decreased to $51.2 million, or 23 cents per share, compared with $52.4 million,...
AMSTERDAM, Netherlands-Starhome BV, a subsidiary of Comverse Technology Inc., has secured $20 million in equity financing. The funding was led by Apax Partners Funds. "We believe having the confidence and support of well-respected technology investors may help to bolster our already growing reputation as...
LEVITTOWN, Pa.-FTS Wireless Inc., which markets next-generation wireless products and services in retail locations and operates Wi-Fi hot spots, will acquire the assets of Florida-based All Clear Wireless Inc. "With the addition of ACW we expect to increase our total monthly unit sales by...
ATLANTA- Optimi Inc. said it has acquired the software assets and customer base of RF Consulting, which provides GSM optimization solutions. "Optimi continues a strategy of technological and geographic expansion through a combination of internal innovation and acquisition," said David Bagley, chief operating officer...
PORTLAND, Ore.-VeriWave Inc. has closed its first institutional round of funding. The funding, from investors U.S. Venture Partners and TL Ventures, will address the need for 802.11 wireless LAN testing."We created VeriWave to provide test solutions for a rapidly expanding technology," said Tom Alexander,...
CHICAGO-U.S. Cellular Corp. reported the early repayment of a $105 million inter-company note due in 2008 to parent company Telephone and Data Systems Inc. that U.S. Cellular said will reduce interest expenses. The carrier noted it used funds from its $700 million revolving credit...
ATLANTA-Following a brief extension of its previously announced exchange offer from Wednesday night to Thursday morning, Sprint PCS affiliate AirGate PCS Inc. said its shareholders approved the issuance of new shares and implementation of a one-for-five reverse split of its common stock that were...
LUXEMBOURG-Smart-card company Gemplus International announced its fourth-quarter revenues increased to $297 million and its net loss increased to about $31 million due to restructuring costs and other one-time expenses."Reporting an operating profit before restructuring for the fourth quarter is the best measure of delivery...
RAMAT GAN, Israel-Startup TransChip Inc., which offers digital camera modules for sale to mobile-phone makers, announced it scored a significant $19 million in Series D financing. Redpoint Ventures led the round, and Mission Ventures, Cadence Design Systems Inc., Ray Stata, co-founder and chairman of...
NEW YORK-Ratings company Fitch has raised its ratings on Lucent Technologies Inc. to B from CCC+ for its unsecured debt, a renewed signal that the wireless bellwether is out of the woods."The Stable Rating Outlook reflects Fitch's belief that although there still remains some...
DENVER-Financial services firm Daniels & Associates said it led the nation in the number of completed mergers & acquisitions of U.S. telecom companies last year. Daniels specializes in cable, telecommunications, Internet and media.According to Thomson Financial, Daniels completed 32 M&A transactions for U.S. telecom...
WALL, N.J.-Centennial Communications Corp. completed previously announced refinancing transactions consisting of a new $750 million senior secured credit facility and a private placement of $325 million of 8.125 percent senior notes due 2004.Centennial said it would use term loan borrowing under the new senior...
NEW YORK-Pan-European telecom company Tele2 AB announced a 20-percent increase in operating revenue to $5.2 billion for 2003. Full-year profit was $334.9 million.Mobile business highlights include the company's mobile operations in Sweden, which reported 3.3 million customers at the end of last year, an...
PLAINFIELD, Ind.-Mobile-phone distributor Brightpoint Inc.'s stock plummeted almost 20 percent following the release of its fourth-quarter financial results, despite the seemingly positive news.Revenue for the fourth quarter totaled $547 million, up 60 percent from $342 million reported for the fourth quarter of the previous...
SANTA BARBARA, Calif.-Superconductor Technologies Inc. believes it reached profitability during fourth-quarter 2003, according to its preliminary results. Moreover, the company is "looking forward to continued commercial revenue growth and to our first profitable year in 2004," said M. Peter Thomas, STI's president and chief...
SAN JOSE, Calif.-Cisco Systems Inc. said it enjoyed a second-quarter net income of $1.3 billion, or 18 cents per share, compared with $991 million, or 14 cents per share, in the year-ago period. The result put a damper on the stocks as the market...
LONGMONT, Colo.-911 infrastructure company Intrado Inc. said it has acquired Swiss company bmd wireless AG to more effectively design, build and deliver messaging platforms.Bmd wireless makes core network messaging infrastructure solutions."Our combined strengths will put us in a better position to deliver the benefits...
HONGKONG-Huawei Technologies Inc. moved to strengthen its U.S. business and microwave offering by investing $2 million in LightPointe Communications Co., a free-space optics firm.Huawei joined other investors in a $17 million funding of the company.Last year, LightPointe had entered into an OEM deal with...
WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. said it expects to generate revenues between $460 million and $470 million for fiscal year 2004. The carrier said it expects operating expenses to be between $310 million and $320 million.The carrier plans to announce its...
NEW YORK-Citing what it called modest improvements in the carrier's financial profile, Standard & Poor's Ratings Services raised its outlook on US Unwired Inc. from negative to developing and reaffirmed its 'CCC-' corporate credit rating on the company.S&P noted the combination of a credit...
PRINCETON, N.J.-Wireless gaming startup Kayak Interactive announced it scored a substantial $11.75 million in Series A venture funding. VantagePoint Venture Partners led the round."Our own view of the significant growth in the mobile entertainment market was clearly mirrored by that of the investment community...
CHARLOTTESVILLE, Va.-First Avenue Networks, which holds a 39 GHz license portfolio, announced it has secured $4 million in equity financing through a private placement of common stock.Investors received 1.1 million shares of common stock and warrants to purchase another 1.1 million shares exercisable at...
VANCOUVER, British Columbia-Modem maker Sierra Wireless Inc. reported better-than-expected fourth-quarter results of $34.6 million in revenues, a profit of $1.9 million and positive cash flow. The news sent the company's stock up almost 15 percent to about $25.73 per share."Both the quarter and the...
