REDWOOD CITY, Calif.-Openwave Systems Inc. announced its board of directors has approved a one-for-three reverse split of its common stock.The reverse stock split will be effective Oct. 21, and Openwave's common stock will begin trading under the split adjustment when the market opens Oct....
MOUNTAIN VIEW, Calif.-Handspring Inc. reported declining revenues and a growing net loss, but said shipments of its new Treo 600 were beginning to ramp up.The company posted revenues for its first quarter of $13.1 million, down from $14.5 million in the previous quarter. Handspring...
HOLTSVILLE, N.Y.-Mobile computing company Symbol Technologies Inc. reported its first and second quarter results, as well as its 1998-2002 restated results that were under investigation by the Securities and Exchange Commission.For its second quarter, Symbol posted revenues of $375 million, up 15 percent over...
SAN DIEGO-Qualcomm Inc. said its board of directors has approved a quarterly dividend of 7 cents per common share, which stockholders can receive Dec. 26, 2003."We believe that the dividend is an important element of total shareholder return given our strong generation of cash...
SANTA CLARA, Calif.-Wireless enterprise company Everypath Inc. scored a significant $14.3 million in new venture funding, with Trident Capital leading the round.Everypath offers technology for mobile task automation, which the company said allows business-critical tasks to be performed on handheld devices. The company's flagship...
LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. extended the expiration date of its recently announced exchange offer of public debt until Oct. 15 at the request of certain shareholders. The carrier said it has received approximately $70.3 million in principal amount of 12.5-percent senior...
L.M. Ericsson said it has signed a $1 billion revolving loan with its relationship banks, and it will replace the existing one that matures next year. The new agreement, which will take effect when the existing one ends, matures in 2007.The loan was coordinated...
CARY, N.C.-SpectraSite Inc. said it has priced its previously announced secondary offering of 9 million shares of common stock at $30.25 per share. Underwriters have been granted an option to purchase 1.35 million additional shares of common stock.
BOCA RATON, Fla.-SBA Communications Corp. said it will restate some financial statements from 2001, 2002 and 2003 to reflect this year's sale of towers to AAT Communications Corp. and other towers held for sale.The re-audit showed the company overstated its 2002 net loss by...
NEW YORK-More than a year after its delisting, Marconi plc is returning to the Nasdaq Thursday to satisfy the yearnings of its influential U.S. shareholders.The company, which has restructured, had indicated its intention to return in August.The company fell out of the exchange when...
NEW YORK-In two separate moves in the market, Lucent Technologies Inc. announced plans to sell, while Motorola Inc. bought.Lucent said it filed to sell up to $1.75 billion of common stock, preferred stock, debt, warrants, stock purchase contracts and units.The wireless vendor said the...
Siemens AG said it has completed its first investment in the United States with V-Enable, a wireless startup that focuses on multi-modality technology. The investment was executed by Siemens Mobile Acceleration, the vendor's wireless venture capital arm.V-Enable said it has closed a $3.75 million...
ALAMEDA, Calif.-UTStarcom Inc. said it expects its third-quarter handset sales to leap above 4.5 million units, representing approximately 50 percent of revenues.The company describes the estimate as its highest revenue to date for handset shipments."UTStarcom has maintained strong handset and subscriber growth, as well...
CARROLLTON, Texas-Wireless handset distribution company CellStar Corp. announced it will sell its subsidiary in Sweden, CellStar Intercall AB, to Swedish distribution company AxCom AB. Terms of the deal, expected to be completed in November, were not disclosed.The move is part of CellStar's retreat from...
LEAWOOD, Kan.-Electronic transaction company Euronet Worldwide Inc. announced it purchased the assets of Austin International Marketing and Investments Inc., which sells prepaid wireless services via point-of-sale terminals throughout the United States.Euronet said it purchased the assets on an "earn-out" basis, with $1.9 million of...
NEW YORK-Bear Stearns & Co. Inc. has raised its wireless tower sector rating to "market overweight," reflecting its confidence in the industry's ability to continue financial deleveraging. The analyst firm specifically raised its rating on Crown Castle International Inc. to "outperform" and its year-end...
NEW YORK-Standard & Poor's Ratings Services assigned a "B-" rating to the proposed $1.6 billion senior secured credit facility of Crown Castle Operating Co., a wholly owned subsidiary of Crown Castle International Corp. S&P also affirmed its "B-" corporate credit rating on Crown Castle...
CUPERTINO, Calif.-Portal Software Inc. announced it has completed a $60 million direct offering of approximately 22.6 million shares of its common stock. The shares were sold for $2.65 each, resulting in net proceeds to the company of $56.4 million."The completion of this offering gives...
Personal digital assistant pioneer Palm Inc. reported relatively solid earnings, with revenues up 3 percent compared with the same quarter a year ago, but the news didn't seem to please investors, who sent the company's stock down about 3 percent in trading after the...
MUNICH, Germany-Siemens AG said it plans to sell $3 billion of bonds in the United States to enhance its investments in the country.The vendor said it aims to establish a debt shelf in the United States, according to Heinz Joachim Neubuerger, the company's chief...
OKLAHOMA CITY-Dobson Communications Corp. reported that 97.2 percent of the total outstanding aggregate principal amount of Dobson/Sygnet Communications Corp.'s 12.25-percent senior notes were tendered by the close of business Sept. 12 in connection with the company's tender proposal.Pursuant to its proposal offer, Dobson/Sygnet said...
Research In Motion reported that its preliminary second-quarter results exceed its stated revenue and earnings growth expectations.RIM said it expects revenue for the second quarter to be in the $123 million to $126 million range, exceeding forecasts of $105 million to $115 million. The...
SCHAUMBERG, Ill.-Clarity Technologies Inc. said it has closed $11.3 million in financing for its software technology for voice-based products.The funding, a Series A offering of preferred stock, was led by Reservoir Venture Partners and Motorola Ventures among five others."Clarity is extending its hands-free knowledge...
HOUSTON-Crown Castle International Corp. said it intends to amend certain provisions of its restricted group operating company's $1.2 billion credit facility and make certain changes to its capital structure. The plan is subject to the consent of its senior credit facility lenders.The Opco facility...
