TORONTO-In a document it filed with the U.S. Securities and Exchange Commission, Nortel Networks Ltd. said it forecasts a further $30 million to $40 million of restructuring charges in the second half of 2003.This contradicts the company's declaration earlier this year that the restructuring...
OWINGS MILLS, Md.-Aether Systems Inc. reported a relatively solid quarter of declining losses and a more positive outlook, although the company's revenues also continued to decline.Investors seemed heartened by the news, sending the company's stock up about 4 percent to about $5.27 per share.Wireless...
Wireless technology company InterDigital Communications Corp. reported increasing revenues and a rising net income, news that helped send the company's stock up almost 8 percent to about $16.17 per share.InterDigital attributed its solid second quarter to new or renewed patent license agreements with Sharp...
WASHINGTON-In a filing with the Securities and Exchange Commission, Skyworks Solutions Inc. said it will periodically sell up to $250 million in common and preferred stock and debt securities.The company plans to use the proceeds for purposes such as debt repayment or refinancing, acquisitions,...
LONDON-Just a day after affirming its rating on L.M. Ericsson, ratings agency Standards & Poor's has upgraded its outlook for Alcatel Corp. to stable, which is a B+.The rating, which some analysts see as the end of the vendor's bleeding, bucks the trend of...
BOCA RATON, Fla.-Tower owner SBA Communications Corp. has reported its second-quarter 2003 financial results.The company said its total revenues for the quarter were $50.4 million, down from $63.6 million in last year's second quarter. Site leasing revenue accounted for $31.7 million, up 12.3 percent...
CARY, N.C.-SpectraSite Inc. released solid second-quarter 2003 results, reflecting improved revenues and decreased losses.The company said total revenues were $80.9 million, up from $73.2 million recorded in the second quarter of 2002. Site leasing revenues were up 15.8 percent from last year to $77.5...
WESTBOROUGH, Mass.-The nation's No. 1 independent paging and messaging carrier Arch Wireless Inc. reported a net income of $5.2 million on revenues of $154 million for its second quarter, news that sent the carrier's stock up more than 11 percent to $10 per share."We...
BOSTON-American Tower Corp. Chairman and Chief Executive Officer Steve Dodge purchased 100,000 shares of American Tower stock priced between $9.13 and $9.37 according to a recent filing with the Securities and Exchange Commission. "AMT chairman has increased his personal equity exposure to the company...
MOUNTAIN VIEW, Calif.-InterWave Communications International Ltd. reported growing revenues and a rising net loss for its fourth quarter, news that sent its stock down almost 17 percent to about $2.33 per share.The company reported total revenues of $8.5 million, up 29 percent from the...
NEW YORK-Andrew Corp. said it has agreed to sell $200 million in 3.25-percent convertible subordinated notes to undisclosed buyers, while the company will buy back 5 million common shares it sold for about $49.8 million.The company has set Aug. 8 for the sale and...
NEW YORK-Standard & Poor's Ratings Services affirmed its 'B-' corporate credit rating and stable outlook on Nextel Partners Inc., and citing a high debt leverage, assigned a 'CCC+' rating on the carrier's recently announced $125 million senior notes offering."The ratings on Nextel Partners reflect...
BOSTON-American Tower Corp. has closed its previously announced offerings of Class A common stock and 3.25-percent convertible notes due 2010.With the closing of the Class A common stock offering, American Tower issued 12.4 million shares for $104.8 million. The underwriters exercised their option to...
HOUSTON-Crown Castle International Corp. was the latest public tower company to release its second-quarter 2003 financial results.The company reported revenue of $224.2 million, down slightly from $225.5 million for the second quarter 2002. Site rental and broadcast transmission revenue accounted for $189.5 million of...
TOKYO-In its fiscal first-quarter results, Matsushita Electric Industrial Co Ltd. reported an operating profit of $166.9 million, a 27.4-percent increase from a year ago. Revenues, however, dropped to $14.7 billion, a decrease of 1.7 percent.The company's net profit was $224.3 million, 22.2 percent lower...
LUXEMBOURG-Gemplus International reported gross profits of $54 million, up 27 percent from the prior quarter. The maker of smart cards for mobile phones said it had a net loss of $93 million for the quarter."As Gemplus continues this year of transition, the business is...
BOSTON-American Tower Corp. has priced the public note offering and the convertible note offering it announced earlier this week.The company will sell $175 million principal amount of its 3.25-percent convertible notes due 2010 through an institutional private placement. Initial buyers also have an option...
SCHAUMBURG, Ill.-Motorola Inc. declared a quarterly dividend of 4 cents per share, payable Oct. 15, to stockholders of record at the close of business Sept. 15.
RESTON, Va.-XO Communications Inc. will offer up to 43.3 million shares of its new common stock as part of its plan of reorganization, according to a statement in a recent filing with the Securities and Exchange Commission. The company said the rights offering will...
BOSTON-American Tower Corp. said it will commence a public offering of 12.4 million shares of Class A common stock for $114.4 million in net proceeds, which it will use to repurchase outstanding debt securities or to make equity contributions to borrower subsidiaries for general...
INDIANAPOLIS-Brightpoint Inc. released positive second-quarter 2003 financial results, reflecting an upturn in demand in the Asia-Pacific region.The company recorded revenues of $379 million, up 25 percent from the year-ago quarter, which Brightpoint attributed to strong market demand in the Asia-Pacific region, despite a slow...
REDWOOD CITY, Calif.-Openwave Systems Inc. had a fiscal fourth-quarter net loss of $25.7 million, or 14 cents per share, compared with the previous quarter when it had a net loss of $23.2 million, or 13 cents per share.The company's revenue stood at $66.5 million...
SAN DIEGO-Qualcomm Inc. reported a third-quarter net income of $192 million, a 20-percent increase from a year ago, indicating the company's robust business in a time of downdraft.At the same time last year, the company was burdened with a loss of $14 million. Its...
BERLIN-Siemens AG posted a third-quarter profit of $632 million, a drop from a year ago when the vendor enjoyed a profit of $829.4 million.Sales also fell 15 percent to $19.8 billion. Siemens' mobile business posted a profit of $19.4 million on sales of $2.4...
