CINCINNATI-Cincinnati Bell Inc. reported that its wireless division, which is an AT&T Wireless Services Inc. network partner, posted a 6-percent year-over-year drop in revenues from $68.9 million during the third quarter of 2002 to $65.1 million during the third quarter of 2003, while operating...
LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. extended the expiration date of its offers for its public debt from Oct. 29 until Nov. 4.Alamosa reported that as of Oct. 29 it had received approximately $221 million in principal amount of 12.5-percent senior notes due...
REDWOOD CITY, Calif.-Wireless Internet software provider Openwave Systems Inc. reported a solid quarter, showing increasing revenues and a decreasing net loss, with an outlook for generally improving numbers next quarter."We continue to execute on our plan toward profitability," said Don Listwin, the company's president...
MILPITAS, Calif.-Stockholders of both Palm Inc. and Handspring Inc. approved Palm's acquisition of Handpring and the spinoff of PalmSource Inc., Palm's operating system software division, from Palm Inc.The Handspring acquisition will be completed as a merger with Palm issuing about 13.9 million shares to...
HACKENSACK, N.J.-GoAmerica Inc. said it recently received a temporary exception notice to the $1 minimum closing bid price per share requirement for continued listing on the Nasdaq SmallCap Market. The company appealed a late August determination that the company's stock be delisted for failure...
LONDON-Nokia Corp. said it has filed an application to delist its shares from the London Stock Exchange, citing its limited liquidity on the exchange for several years. The company said the London exchange accounts for less than 1 percent of its total trading."This measure...
In an announcement with possible implications for its job layoffs, plant closings and investors, Nortel Networks Ltd. said it is undertaking a comprehensive review of its financial profile for the past three and half fiscal years.Unlike the recent trend of overstating incomes, Nortel said...
ALAMEDA, Calif.-UTStarcom Inc. said it earned a net income of $59.1 million, or 46 cents per share, compared with a net income of $30.8 million, or 27 cents per share, in the year-ago period.Its net sales rose 44 percent over the previous quarter to...
BOSTON-American Tower Corp. has completed its cash tender offer for its 2.25-percent convertible notes due 2009.The company said that more than $104 million in aggregate principal amount at maturity of notes was surrendered for repurchase. The repurchase price for the notes was $802.93 per...
SEATTLE-Miniature wireless camera company X10 Wireless Technology, known for its pop-up Internet advertisements, filed Chapter 11 bankruptcy earlier this week. The bankruptcy filing comes two weeks after a jury ordered X10 to pay $4.3 million in damages to three brothers who said X10 stole...
Sprint PCS reported mixed third-quarter results, including disappointing customer growth and churn results, but better-than-expected financial metrics.The carrier reported 184,000 net customer additions during the quarter, which was below the approximately 300,000 subscribers forecast by analysts, but ahead of the 78,000 customers Sprint PCS...
AT&T Wireless Services Inc. reported 229,000 net subscriber additions during the third quarter of this year, which was well below analysts estimates of more than 300,000 net customer additions, but ahead of the 201,000 subscribers the carrier added during the third quarter of 2002....
GENEVA-STMicroelectronics said it suffered a net loss of $49.1 million, or 6 cents per share. In the year-ago period, it had net income of $131 million, or 15 cents a share.The net loss for the quarter was after restructuring charges and a financial charge...
TOKYO-Japanese vendor NEC Corp. said it enjoyed a 65-percent leap in its quarterly profits with a net income of $55.41 million on strong phone sales.In the same period, profit was $33.6 million. Its revenues fell 8 percent to $1.63 billion."Demand is extremely strong for...
KIRKLAND, Wash.-Nextel Partners Inc. reported strong third-quarter 2003 financial results, reflecting improved revenues and subscriber additions and narrowed losses.The company said its total revenues were $280,914, up substantially from the $180,690 reported for last year's third quarter. Adjusted earnings before interest, taxes, depreciation and...
HOUSTON-Crown Castle International Corp. said the quarterly dividend on its 6.25-percent convertible preferred stock will be paid Nov. 17 to holders of record Nov. 1 of shares of the company's common stock. The dividend rate will be announced by Nov. 1.
LAS VEGAS-Two new acquisitions highlight the potential of the wireless data market, as well as the growing valuations for the players involved. First, wireless data mainstay InfoSpace Inc. announced it purchased mobile media company Moviso from Vivendi Universal Net USA for $25 million in...
NEW YORK-Texas Instruments Inc. said it enjoyed a net income of $447 million, or 25 cents a share, for the third quarter. This contrasts with the same period last year when it had income of $188 million, or 11 cents a share.Its sales stood...
GERMANTOWN, Md.-Communications test solutions provider Acterna emerged from Chapter 11 bankruptcy protection this week as a private company with a new board of directors."Acterna has continued to serve its customers and deliver new innovations throughout the debt-restructuring process," said John Peeler, president and chief...
SCHAUMBURG, Ill.-Motorola Inc. said it has declared its dividend for the quarter, and it is 4 cents per share. Stockholders will receive the dividend Jan. 15, 2004.It will be the company's 227th consecutive quarterly dividend, according to Motorola.
ARLINGTON, Va.-Satellite technology provider MobiApps announced it has closed an $8 million investment round. The funding was led by 3i, a global venture capital and private equity investor, and Green Dot Capital, a subsidiary of Singapore Technologies Pte. Ltd. The proceeds will be primarily...
CARROLLTON, Texas-Wireless product distributor CellStar Corp.'s third-quarter 2003 financial results, released this week, reflected improvement from the previous quarter.The company said its net income was $1.4 million, or 7 cents per diluted share, a vast improvement from a net loss of $8.1 million, or...
CHICAGO-Tellabs Inc. reported a third-quarter loss of $64.8 million, or 16 cents a share, better than a year ago when it posted a quarterly loss of $91.1 million, or 22 cents a share.The company said its sales fell 15 percent to $244.5 million from...
HOUSTON-Crown Castle International Corp. announced it has completed an amended $1.6 billion credit facility and made certain changes to its capital structure. "This leverage-neutral transaction simplifies our capital structure and provides our restricted borrowing group access to the operating cash flows of our U.K....
