ALAMEDA, Calif.-UTStarcom Inc. said it has raised about $475 million in cash from selling 12.1 million shares of its common stock to Banc of America LLC."The company intends to use the proceeds "for strategic and general corporate purposes such as, but not limited to,...
Positive stock activity is greeting Verizon Wireless' announcement to launch its CDMA2000 1x EV-DO in major cities across the country, even though the carrier has not disclosed which companies will supply the equipment for the program.Already, Qualcomm Inc., the proprietor of the protocol, has...
SAN DIEGO-Axesstel Inc., which manufactures CDMA-based fixed-wireless local loop terminals, hybrid phones and engineering solutions, said it expects to record mixed results for its fiscal fourth quarter and full year ended Dec. 31, 2003.The company said it expects to record $2 million in revenues...
ORLAND PARK, Ill.-Andrew Corp. said results for the first quarter of fiscal-year 2004 are estimated to exceed its previously provided guidance. The company's stock was up nearly 25 percent on the news to about $16.50 per share.The communications equipment supplier said it now estimates...
Nokia Corp. has raised its outlook for its fourth quarter in sales and profits, noting that it performed above its previous guidance. The upbeat picture came not only from its handset sales but also its network division."The strong seasonal development in both Nokia Mobile...
MELBOURNE, Fla.-Investors cheered AirNet Communications Corp.'s elevated fourth-quarter earnings forecast, sending the wireless base station maker's stock up almost 80 percent to $1.70 per share.AirNet previously expected fourth-quarter revenues of between $3 million and $4.5 million, but now expects revenues above $4.5 million. The...
ST. LOUIS-AAT Communications Corp. announced it plans to acquire all tower assets of Signal One L.L.C., a privately held Chattanooga, Tenn.-based tower owner and site management company. The assets include 226 owned towers and 199 managed sites mainly located in Tennessee, Alabama, Mississippi and...
Santa came a few days early for Research In Motion Ltd.The company became the star of the Nasdaq Dec. 23, the day after RIM reported substantial third-quarter results and a stellar outlook for the future. Indeed, the company's stock price jumped from around $45...
BOSTON-American Tower Corp. said in a recent filing with the Securities and Exchange Commission it plans to sell up to $850 million in debt securities, preferred stock, common stock, warrants, stock purchase contracts and equity units. The company plans to use the proceeds for...
Sprint PCS affiliate UbiquiTel Inc. released updated financial and operating guidance for the fourth quarter of 2003. The company said it expects earnings before interest, taxes, depreciation and amortization for the quarter to be between $9 million and $11 million, an increase from previous...
Nortel Networks Corp. announced last week amended financial reports for full-year 2002 and the first two quarters of 2003, following up on a previously announced plan to restate financial results dating to 2000. Last month, when it filed its third-quarter 2003 results, the company...
BOSTON-American Tower Corp. announced last week its Verestar Inc. subsidiary has filed for Chapter 11 bankruptcy protection. American Tower had planned to sell the satellite and fiber network communications access provider by the end of 2003, and a year ago designated Verestar a discontinued...
CINCINNATI-Lattice Communications L.L.C. has acquired 13 communications towers in the Indianapolis metro area from Vertical RealEstate Inc. Lattice did not disclose the purchase price."The Vertical RealEstate towers were attractive to Lattice because they represent a well-constructed, clustered group of towers with attractive lease-up potential,"...
ST. LOUIS-Billing and customer retention management provider Amdocs Ltd. said it has reached an agreement to acquire privately held mediation software provider XACCT Technologies for approximately $29.5 million. Amdocs expects the acquisition, which includes $13.5 million in cash and the rest in Amdocs ordinary...
OKLAHOMA CITY-Dobson Communications Corp. declared a $31.31 per share cash dividend on its outstanding 12.25 percent senior exchangeable preferred stock that is scheduled to be paid on Jan. 15. Dobson added the dividends have an annual rate of 12.25 percent on the $1,000 per...
MILPITAS, Calif.-PalmOne Inc. reported a 5-percent increase in revenues to $271 million for its second fiscal quarter compared with the same quarter a year ago, as well as a decrease in income from $9.5 million a year ago to $2.6 million for the second...
CINCINNATI-Lattice Communications L.L.C. has acquired 13 communications towers in the Indianapolis metro area from Vertical RealEstate Inc. Lattice did not disclose the purchase price."The Vertical RealEstate towers were attractive to Lattice because they represent a well-constructed, clustered group of towers with attractive lease-up potential,"...
SAN DIEGO-Qualcomm Inc. announced Pegaso Comunicaciones y Sistemas S.A. de C.V., a wholly owned subsidiary of Pegaso Telecomunicaciones, S.A. de C.V., a Mexican wireless operator now owned by Telefonica Moviles, has prepaid in full its outstanding loans owed under an equipment loan facility. The...
RICHARDSON, Texas-Airwalk Communications announced it has received $8 million in funding from venture partners TL Ventures and the Korean Global IT Fund (KGIF), allowing it to launch its Radio Access Network solution for in-building and campus-wide wireless coverage.Airwalk's core technology consists of a base...
ATLANTA-BellSouth Corp. is reportedly planning to cut more than 1,000 jobs, including positions from its previously announced exit from the payphone business, during the first quarter of next year. The company, which controls 40 percent of Cingular Wireless L.L.C., said affected employees would have...
TORONTO-Williams & Moore Capital Corp., private equity investment arm for the Reliance Aerotech group of companies, will become a strategic investor in Sinclair Technologies Inc., according to a recently signed letter of intent. "We are strongly attracted to the growth in avionics, secure public...
Lucent Technologies Inc. said its orders have climbed 16 percent compared to the same period last year, confirming the company's claim to have put its turbulent years behind it.In a statement to the U.S. Securities and Exchange Commission, the vendor said its order backlog...
MEXICO CITY-Mexican mobile company Grupo Iusacell announced details of a reverse split of its stock. Iusacell said its Series A and Series V shares will be exchanged Dec. 19 for new common, ordinary, registered shares with no par value at a ratio of 20...
NEW YORK-Research In Motion Ltd. and Garmin Ltd. announced they will be added to the Nasdaq-100 index, and their shares will be included in the Nasdaq-100 Index Tracking Stock.Garmin, which designs and manufactures global positioning system products, said it enjoyed a compounded annual revenue...
