PARIS-Location-services company Maporama announced it gained a new investor, a move that comes as the company will restructure its executive line-up and refocus on international markets.Maporama, which sells location technology to businesses in the United States and elsewhere, said Sydney Drahy will join as...
BELLEVUE, Wash.-Internet and wireless technology company InfoSpace Inc. announced major fourth-quarter results and a positive outlook for the year, news that sent the company's stock up almost 30 percent to about $32.13 per share following the news.InfoSpace reported revenues in the quarter of $46.9...
BOSTON-American Tower Corp. announced it will sell $225 million principal amount of 7.5-percent senior notes due 2012 through an institutional private placement. Net proceeds are expected to be approximately $221.7 million. The company plans to use the proceeds to redeem all its outstanding $212.7...
DALLAS-Texas Instruments signaled the chip industry's assured return to good times with a net profit of $512 million, or 29 cents per share, in the fourth quarter. This trumps the company's result of the same quarter last year when it suffered a loss of...
ALAMEDA, Calif.-UTStarcom Inc. said its fourth-quarter earnings soared 100 percent over a year ago with a net income of $66.4 million, or 52 cents per share. A year ago, the company recorded a net income of $33.9 million, or 30 cents per share.Net sales...
REDMOND, Wash.-Software giant Microsoft Corp. reported revenues of $10.15 billion for its second quarter, up 19 percent over the same quarter in the previous year. The company's net income clocked in at $1.5 billion, down slightly from the $1.9 billion in net income in...
ISSY-LES-MOULINEAUX, France-Wavecom SA said it plans to lay off about 300 workers as part of a restructuring effort.The company that makes modules said it will lay off the workers by the middle of this year, and its work force will drop from 860 to...
MUNICH, Germany-German vendor Siemens AG said it surpassed market expectation with a group net profit of $992.3 million, or $1 per share, in contrast to a year ago when it earned $661.7 million, or 75 cents per share."I am particularly pleased that on a...
REDWOOD CITY, Calif.-Wireless Internet technology vendor Openwave Systems Inc. reported increasing revenues and a decreasing net loss and said it will continue its positive trend in the coming months.The news sent the company stock up about 7 percent to about $17.15 per share.Openwave said...
ACTON, Mass.-Tatara Systems has secured $8 million in its second round of financing, bringing total investments in the company to date to $17 million.Tatara plans to use the funds to expand its sales and marketing efforts. In addition, the company plans to advance its...
SAN DIEGO-Qualcomm Inc. said it beat market expectations in its first-quarter results with a net profit of $352 million, up 21 percent over the last quarter. This represented 43 cents per share, 23-percent higher sequentially.Revenues were $1.2 billion for the quarter, a 37-percent jump...
LA JOLLA, Calif.-Wireless data technology vendor M7 Networks Inc. said it scored $3 million in series C venture funding, with Enterprise Partners Venture Capital leading the round."We firmly believe that 2004 is going to be a breakout year in the U.S. for wireless data...
WATERLOO, Ontario-BlackBerry maker Research In Motion Ltd. said it scored $907 million in its recent public offering, with shares selling at $78.25 per share.Lehman Brothers Inc. and Merrill Lynch & Co. ran the offering, and Goldman Sachs & Co., UBS Investment Bank, Banc of...
SEOUL, South Korea-No. 3 mobile-phone maker Samsung Electronics Co. Ltd. turned in another major quarter, with revenues reaching $10.9 billion in the fourth quarter and net income hitting $1.6 billion. Revenue was up 14.4 percent from the previous quarter.Samsung said its high dependency on...
NEW YORK-Standard & Poor's Ratings Services raised its outlook on American Tower Corp. to positive from stable, and affirmed its "B-" corporate rating on the company.S&P said it is likely carriers will maintain or increase tower-related spending, and concern over the impact carrier consolidation...
FORT WORTH, Texas-RadioShack Corp.'s stock was up slightly after the company said its fourth-quarter earnings would exceed the high end of its expectations. The company said its fourth-quarter free cash flow will be about $420 million vs. previous guidance of $310 million to $350...
SAN FRANCISCO-Intel Corp. jumped to record earnings in its fourth-quarter results with $2.17 billion, or 33 cents a share, a contrast to its $1.05 billion, or 16 cents a share in the same period last year.The company also introduced a product that enables 802.11b...
MIAMI-Brightstar Corp. said it has raised more than $61 million in gross proceeds through a private placement of securities. Brightstar plans to use the funds, raised from investors including Falcon Investment Advisors, Prudential Capital Group, Grandview Capital Management and Ramius Capital Group, to continue...
ATLANTA-Numerex Corp. has closed a private placement of a $4.5 million term note with Laurus Master Funds Ltd. and issued warrants to Laurus Funds to purchase 300,000 Numerex common shares.The term note is convertible into shares of Numerex common stock at a conversion price...
ANNAPOLIS, Md.-TeleCommunication Systems Inc. (TCS) announced it has completed its previously announced acquisition of the Enterprise Mobility Solutions (EMS) division of Aether Systems Inc., valued at $19 million. "TCS is now well positioned to offer wireless data and location-based solutions incorporating platform technologies for...
OTTAWA-Atsana Semiconductor Corp. said it has raised $10 million in equity financing. The company, which makes multimedia processors for mobile phones and personal digital assistants, names such companies as Siemens Mobile Acceleration, GrowthWorks WV Funds, Covington Capital Corp. and Greenstone Venture Partners as some...
SUNNYVALE, Calif.-Operating system company PalmSource Inc. announced it plans to offer 2.75 million shares of common stock. PalmSource's stock was down almost 10 percent after the news to about $21.50 per share.PalmSource said it granted its underwriters an option to purchase an additional 412,500...
BOCA RATON, Fla.-SBA Communications Corp. is launching a new $350 million senior secured credit facility that will consist of a $75 million revolving credit facility to mature July 2008 and a $275 million term loan to mature October 2008.SBA plans to borrow from the...
Affirmation from wireless carriers and equipment vendors, as well as industry analysts and Wall Street, is driving optimism from tower companies regarding new tower builds. Analyst firm Raymond James and Associates Inc. said its belief cell-site deployments are increasing was validated by equipment supplier...
