REDWOOD CITY, Calif.-Wireless Internet software provider Openwave Systems Inc. announced it could further its acquisition push with a new offering of $100 million in convertible subordinated notes due 2008.The company said it has no definite acquisition or investment plans. Openwave said it would primarily...
LONDON-Wireless messaging and IT consultancy company LogicaCMG announced its interim results, showing declining revenues of $1.3 billion and an operating profit of $73 million. The company asserted its reorganization is almost complete, and its wireless networks division will be profitable for the full year."Against...
DENVER-Qwest Communications International Inc., which recently announced plans to transition its nearly 1 million wireless customers to Sprint PCS' network, reported a slight increase in wireless revenue from $151 million during the first quarter of this year to $154 million during the second quarter.The...
OKLAHOMA CITY-Dobson Communications Corp. filed a registration statement late last week with the Securities and Exchange Commission covering the possible re-sale by certain shareholders of 686,201 Series F convertible preferred stock and nearly 44.2 million shares of Class A common stock that were issued...
HOLTSVILLE, N.Y.-Troubles continue to mount for Symbol Technologies Inc., which offers wireless and mobile computing devices and products, as the company again delayed its annual financial filing and revealed further accounting errors.Symbol said it will not file its Annual Report on Form 10-K with...
SCHAUMBURG, Ill.-Motorola Inc. said holders of its liquid yield option notes due Sept. 27, 2013, can surrender the notes for purchase today through Sept. 29.According to the indenture under which the notes were issued in September 1993, each note holder has the right to...
Privately held Mobility Networks, which sold technology to wireless carriers that linked wide area networks with Wi-Fi hot spots, has shut down and ceased operations, a former spokesman for the company confirmed. The spokesman declined to provide further information.Repeated attempts to contact the company's...
LOS ANGELES-Wireless2Web has launched a licensing program for its newly patented LinkPush technologies, potentially benefiting handset manufacturers, wireless carriers, wireless application service providers, Internet service providers, e-mail providers and software companies specializing in wireless infrastructure. The technology customizes e-mail text for wireless devices, helping...
SPOKANE, Wash.-Acterna Corp. announced it plans to sell its subsidiary Itronix Corp., which develops rugged mobile computing systems, to private equity firm Golden Gate Capital."We believe that the opportunity to partner with Golden Gate Capital will provide significant value to all Itronix stakeholders and...
LOS GATOS, Calif.-Amalfi Semiconductor announced it has secured $12 million in Series A financing, which it will use to develop and market a new generation of RF IC solutions."Amalfi's products will address large existing markets, with solutions that provide compelling value," said Gus Tai,...
HUNT VALLEY, Md.-Tessco Technologies Inc. has received a final installment of $5.8 million from its insurance carrier for the claim related to the October 2002 flooding of its corporate headquarters, bringing the total settlement of its disaster claim to $23.1 million. "We are pleased...
MELBOURNE, Fla.-Wireless antenna developer SkyCross said it has closed a second round of financing totaling $10.5 million. The company plans to use the funding to globally expand its product development and to support strategic growth initiatives in the wireless communications market.
MELBOURNE, Fla.-Harris Corp. announced a 25-percent increase to its quarterly dividend, bringing it to 10 cents per share and bringing the annual rate to 40 cents per share. The rate is payable Sept. 19 to shareholders of record as of Sept. 5. "We are...
Mobile satellite service providers continue to struggle financially, but rebuilding efforts in Iraq appear to have increased minutes of use and precipitated the launch of new services.Bankrupt Globalstar L.P. said its second-quarter results were bolstered by its service launch in Iraq. The company's revenue...
TOKYO-Ratings agency Standard & Poor's has brought chip maker Fujitsu Corp. down to "junk" status, owing to the company's poor earnings. "Given Fujitsu's weak earnings base, it will likely take significant time for the company to improve its financial profile to a level consistent...
RICHARDSON, Texas-Telecommunications power infrastructure provider Valere Power announced it has received $17 million in its C financing round, following a $6 million investment from JPMorgan Partners.Valere will use the investment to expand into the European and Asian markets and to introduce its products to...
HOUSTON-Crown Castle International Corp. said the quarterly dividend on its 12 3/4-percent senior exchangeable preferred stock will be paid Sept. 15 to holders of record as of Sept. 1 at a rate of 31.875 shares per 1,000 shares.
NEW YORK-Bankrupt satellite communications company Loral Space & Communications has received an offer from EchoStar Communications Corp. for its six North American telecommunications satellites. EchoStar also indicated interest in acquiring the balance of Loral's Fixed Satellite Services fleet and its satellite manufacturing assets.The offer...
SAN JOSE, Calif.-Wireless technology development company WiDeFi Corp. has closed its first round of venture capital financing, garnering it $1.5 million.The company plans to use proceeds of the funding to expand its engineering staff, complete volume manufacturing of its wireless LAN Xtender reference design...
NEW YORK-TTP Communications said it suffered a pre-tax loss of between $5 million and $5.5 million for the six months to Sept. 30. In the same period last year, the company recorded a profit of $3 million.The software and chip design company, whose shares...
BOSTON-American Tower Corp. has sold $35 million in 3.25-percent convertible notes due 2010 resulting in net proceeds of $33.9 million. The company plans to use $15.6 million of the proceeds to reduce debt under its credit facilities and to hold the rest in a...
RESTON, Va.-Nextel Communications Inc. continued to take advantage of its rapidly improving cash position by announcing plans to redeem all of its 10.65-percent senior redeemable discount notes due 2007, which the carrier noted included approximately $257 million in principal amount outstanding following completion of...
NEW YORK-Shares of semiconductor giant Texas Instruments were up Thursday morning following SoundView Technology Group's ratings upgrade to "outperform" from "neutral."The company was trading at $19.90 per share after closing Wednesday at $19.32.
CALGARY-Wi-LAN Inc., provider of broadband wireless communications products, said it was cash-flow positive from operations in its third quarter ended July 31. The company also reiterated its annual revenue and quarterly cash flow guidance. Revenue was approximately $5.28 million, compared with $4.26 million for...
