BOSTON-American Tower Corp.'s second-quarter 2003 financial results reflected increased revenues as well as increased losses, and showed the company is still shedding non-core assets to further its financial stability.The company recorded total revenues of $178.2 million, up from $165.8 million in the second quarter...
DALLAS-An upswing in the wireless semiconductor sector has helped Texas Instruments beat expectations in its second-quarter results with earnings of $121 million, or 7 cents per share.The earnings amount to an increase from $95 million, or 5 cents a share, a year earlier."We did...
MINNEAPOLIS-NextNet Wireless Inc., a provider of non-line-of-sight broadband wireless access systems, has raised an additional round of funding it plans to use to expand its markets, deployments and product line. Funding was led by private investment company COM Holdings L.L.C., which is controlled by...
SEOUL, South Korea-LG Electronics' second-quarter profits slumped by 24 percent, while its handset shipments also dropped.The company said it sold 5.3 million mobile phones, down from the 5.6 million it sold in the previous quarter. However, LG said it expects sequential unit growth of...
REDMOND, Wash.-Microsoft Corp.'s stock was up slightly after it reported another solid quarter, with its revenues up 11 percent over the same quarter last year to $8.07 billion. The company's net income was $1.92 billion, up from the $1.53 billion in the same quarter...
ALAMEDA, Calif.-UTStarcom Inc., which provides wireless and wireline access and Internet Protocol switching solutions, released positive second quarter earnings this week and raised its guidance for the remainder of 2003.The company reported net sales of $405.8 million, a 75-percent increase from the second quarter...
HOUSTON-Tower company Crown Castle International Corp. announced the quarterly dividend on its 6.25-percent convertible preferred stock will be paid Aug. 15 to holders of record as of Aug. 1. The dividend will be paid in shares of the company's common stock, at a rate...
MUNICH, Germany-Siemens' funding arm continued its investment spree, this time announcing an investment in Israeli mobile content company Ki-Bi Mobile Technologies Ltd. Financial details were not disclosed.Ki-Bi Mobile offers a memory-based card similar to a phone card, which allows mobile-phone users to dial a...
Despite positive second-quarter financial results from Boston Communications Group Inc., the company's stock was down nearly 35 percent Thursday on the news that its largest customer, Verizon Wireless, might transition from the BCGI prepaid solution to its own in-house platform. BCGI said its contract...
Investors dumped Nokia Corp.'s shares following the company's lower-than-expected revenues and warnings of sluggish sales for the coming quarter. Indeed, uninspiring reports from Nokia, Motorola Inc., Lucent Technologies Inc. and others forced the high-tech market down, with the Nasdaq dropping about 35 points in...
SEOUL, South Korea-Samsung Electronics Co. Ltd. reported slumping profits and an 8-percent decline in handset revenues. The company said it sold 12 million mobile phones in the second quarter.The lowered numbers come as the economy continues its slowdown and the SARS virus continues to...
SAN DIEGO-Surrounded by a rough-and-tumble economy, Qualcomm Inc. seems to inhabit an island of bliss as its board of directors has approved a 40-percent increase in quarterly dividend payable Sept. 26 to stockholders of record.The company will raise the dividend from $0.05 to $0.07...
SANTA ANA, Calif.-Powerwave Technologies Inc. has priced its previously announced private placement of $130 million in convertible subordinated notes due July 2008 at a conversion price of $10.49 per share, with a 1.25-percent annual interest rate. In addition, initial purchasers of the notes have...
AMSTERDAM, The Netherlands-Philips Electronics beat market expectations in its second-quarter results by posting a net profit of $47.5 million, in spite of the ravages of the SARS epidemic and a weak consumer market.The market anticipated a net loss of $75.7 million."Focus on costs and...
LOS ANGELES-Wireless equipment maker Powerwave Technologies Inc. posted a net loss of $15.2 million, or 23 cents per share, in the second quarter as against a profit of $4.4 million or 7 cents per share a year ago.Excluding charges, the company's loss would amount...
BEDMINSTER, N.J.-Flarion Technologies Inc. said T-Mobile Venture Fund is making an investment in the company, although the terms were not disclosed."Our investment in Flarion provides us with a window on technology to what we consider to be one of today's most exciting private wireless...
NEW YORK-Standard & Poor's Ratings Services assigned a CCC rating to the $230 million convertible senior notes recently issued by tower owner Crown Castle International Corp. The rating service also affirmed its B- rating on the company and kept its outlook at negative, noting...
SAN FRANCISCO-Anadigics Inc. said its board of directors has approved a stock option exchange program to help it keep its staff."Right now probably 90 percent or more of the stock options are under water," said John Warren, vice president for worldwide human resources. "We...
PHILADELPHIA-As one of the biggest patent names in the wireless space, InterDigital Corp. said it projects to rake in $360 million in revenues from its new royalty agreements during the next year, four times its total takings in 2002.Some of the royalty agreements are...
ALEXANDRIA, Va.-Paging and messaging carrier Metrocall Holdings Inc. retired its remaining $11.5 million outstanding aggregate principal, marking its final retirement of all debt balances issued in connection with the company's Chapter 11 bankruptcy."The early retirement of Metrocall's outstanding debt balances represents a significant milestone...
HACKENSACK, N.J.-GoAmerica Inc. announced it is working to sell its wireless enterprise business, including its Go.Web software and services, but said that the prospects for such a sale look dim.Further, GoAmerica said it expects to refocus its business around its Wynd Communications subsidiary, which...
WALTHAM, Mass.-Orthogon Systems, which provides non-line-of-sight wireless technology for broadband networks, has secured $7 million in venture capital, bringing its total funds raised to $28 million. The company plans to use the funding for the sales, marketing and ongoing development of its OS-Gemini broadband...
MELBOURNE, Fla.-AirNet Communications, which makes software-defined radio base stations, said it expects to record at least a 100-percent revenue leap, more than $4.3 million, in its second-quarter compared with its first quarter report."Our sales efforts continue to be focused on near-term revenue opportunities," said...
FREMONT, Calif.-Mobile resource management company At Road Inc. announced a public offering of 4 million shares of common stock and an additional 2.5 million-share offering by stockholders. At Road will use the proceeds, expected to total approximately $45.5 million, for capital expenditures, working capital...
