HOUSTON-Crown Castle International Corp. has priced the $200 million convertible senior note offering it announced earlier this week and has granted the underwriters a 30-day option to purchase up to an additional $30 million principal amount of the notes.The notes will be convertible into...
MENLO PARK, Calif.-Startup Orative Corp. announced it scored $6 million in venture funding. The company said it would use the funds to develop software for Java and BREW phones to simplify business communications."Orative is a Mayfield-incubated company pursuing a large opportunity," said David Ladd,...
PALO ALTO, Calif.-Bermai Inc. said it has received a $12 million B round of financing to support delivery of the company's 802.11x chipset portfolio starting in the third quarter of this year."With this investment, Bermai will complete its transition from a development company into...
HOUSTON-Crown Castle International Corp. will attempt to raise $200 million through a public offering of convertible senior notes. The company will use the proceeds to redeem a portion of its 10 5/8-percent senior discount notes and to purchase or redeem all of its outstanding...
GREENSBORO, N.C.-RF Micro Devices Inc. announced the pricing of its offering of $200 million of its 1.5-percent convertible subordinated notes due 2010. The notes will be convertible into common stock at a rate of 131.0685 shares per $1,000 principal amount of notes, or approximately...
READING, United Kingdom-Tao Group announced it scored an additional $9 million in venture funding, bringing the company's total war chest to $40 million.Tao is offering an ambitious software platform, Intent, to electronics manufacturers that the company said is an independent multimedia platform that allows...
MILPITAS, Calif.-Palm Inc. reported a relatively solid quarter of earnings, news that prompted the company to pronounce the end of the decline in the personal digital assistant industry and investors to rally around Palm shares.Palm's stock was up about 7 percent following the news...
GREENSBORO, N.C.-RF Micro Devices Inc. said it will offer $200 million of convertible subordinated notes due 2010, plus up to $30 million at the option of the initial purchasers, in a private placement. The notes will be convertible into the company's common stock, at...
FRANKFURT, Germany-Under a new service launched in Europe by credit card giant MasterCard, mobile-phone users will be able to transfer money to other users simply by sending a text message.The service is part of MasterCard's larger MoneySend effort, which is available to the area's...
MONTREAL-Telesystem International Wireless Inc.'s indirect subsidiary MobiFon Holdings B.V., which holds TIW's 57.1-percent equity interest in Romanian GSM service provider MobiFon S.A., has begun the private offering of $230 million of senior notes due 2009.MobiFon Holdings will use the proceeds to repay intercompany loans...
KIRKLAND, Wash.-Nextel Partners Inc. entered into an agreement to sell $450 million of 8.125-percent senior notes due July 1, 2011, in a private placement. The carrier said it intends to use net proceeds from the offer to finance its previously announced cash tender offer...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. extended the expiration date of its existing offer to exchange 13.38-percent senior subordinated discount notes due Nov. 1, 2009, for $187.50 in cash and $185 in face amount of new senior notes per $1,000 face amount...
SILICON VALLEY, Calif.-U.S. venture-capital firm Vision Capital will invest in Swedish IT-software company Visual Wireless."We are very pleased to have Vision Capital join Visual Wireless as a strategic investor," said Tomas Julin, chairman of the board at Visual Wireless. "In the very expansive phase...
RICHARDSON and AUSTIN, Texas-Two wireless suppliers received additional funding to further their business initiatives.Networking solution provider Spatial Wireless announced it has closed on $27 million of equity financing, which it plans to use for further market expansion and to build a customer support organization.The...
SAN RAMON, Calif.-Sprint PCS affiliate UbiquiTel Inc. announced its Calif.-based subsidiary VIA Wireless L.L.C. sold 100 wireless communications towers to GoldenState Towers L.L.C. for $11.5 million. Ubiquitel, which plans to use proceeds from the sale to enhance its liquidity position, will lease-back space on...
SAN FRANCISCO-Semiconductor giant Texas Instruments Inc. has reduced its second-quarter sales forecast to a 5-percent rise instead of 7 percent, with a total restructuring charge of $55 million instead of $40 million.The chip maker now projects sales of $2.19 million in the quarter with...
HAUPPAUGE, N.Y.-Audiovox Corp. has filed its Form 10-K for fiscal year 2002, reflecting the restatement of its 2000, 2001 and 2002 results, following a Securities and Exchange Commission comment letter and completion of an audit.The audit showed the company had overstated its profit for...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said its subsidiary InterDigital Technology Corp. has extended its 1998 patent license agreement with Sharp Corp. of Japan covering sales of terminal devices compliant with TDMA-based PDC and PHS standards.Sharp will make a "multi-million dollar" payment to ITC...
PARIS-Alcatel bowed to investors over the company's decision to sell bonds of about $1 billion.The French vendor was forced to shorten the maturity to 7.5 years from 10 years.Credit Suisse First Boston handled the transaction. Alcatel sold the bonds, which can be converted to...
WOODBURY, N.Y.-Comverse Technology Inc. released its first-quarter fiscal 2003 results, which reflected lowered sales but an improved net loss. The company said sales were $180 million compared with sales of $211 million a year ago. The company's net loss was $5.8 million, improved from...
In spite of the rough and tumble of the market, investments remain on an even keel in the wireless sector for the first quarter, according to venture-capital researcher Rutberg and Co.Zeroing in on such areas as 802.11, data acceleration, network software and radio-frequency semiconductors...
MURRAY HILL, N.J.-Lucent Technologies raised $1.525 billion through a public offering of convertible senior debt, which was priced at $1,000 per security. The company expects to apply the net proceeds toward the repayment or possible repurchase of certain short- and medium-term obligations over time,...
HOUSTON-Crown Castle International Corp. will redeem its 10 5/8-percent senior discount notes due 2007 at a price of 105 percent of principal in an effort to reduce interest expenses and increase free cash flow. The redemption of the outstanding bonds, currently worth $239.2 million,...
NEW YORK-A majority of US Unwired Inc.'s 13.375-percent senior subordinated discount note holders signed a lock-up agreement to reject the company's current exchange offer that is set to expire June 16. In addition, the noteholders said they have retained Chanin Capital Partners as financial...
