HAUPPAUGE, N.Y.-Audiovox Corp. said it will restate financial results for fiscal years 2000, 2001 and the first three quarters of fiscal 2002 following a Securities and Exchange Commission comment letter and subsequent audit. The company does not expect the adjustments to impact its cash...
CALGARY, Alberta-Cell-Loc Inc. has reached a settlement agreement with an unidentified party, concluding a $1.9 million litigation action. Under the agreement, Cell-Loc issued the party 750,000 common shares. "Of the various lawsuits that were brought against Cell-Loc in the aftermath of the severe retrenchment...
CHICAGO-Motorola Inc. said it has replaced its $900 million loan that expires May 29 with a new $700 million facility with banks led by JP Morgan Chase Bank and Citibank N.A.Describing the loan as having the same pricing as a year ago, Motorola said...
GENEVA-STMicroelectronics has reaffirmed its guidance for second-quarter 2003 revenues and said revenues will be within the range of $1.68 billion and $1.72 billion and gross margins will be about 36 percent.The company, however, noted that the figures may alter if certain key market changes...
CALGARY, Alberta-Cell-Loc Inc. completed a private placement for gross subscription proceeds of $108,773 in relation to the issuance of 357,143 units. Each unit, composed of one common share and one common share purchase warrant, was priced at 42 cents. Each warrant entitles the holder...
NEW YORK-Triton PCS Inc. has begun a cash tender offer for up to $315 million of the principal amount of its 11 percent senior subordinated notes due 2008. The offer expires at midnight June 19.Triton plans to use net proceeds from the offering to...
HOUSTON-Crown Castle International Corp. announced that the quarterly dividend on its 12.75-percent senior exchangeable preferred stock will be paid June 16 to holders of record as of June 1. The dividend will be paid in shares of preferred stock at a rate of 31.88...
LOUISVILLE, Ky.-U.S. Wireless Online Inc., which provides wireless last-mile high-speed Internet access, said it completed its reorganization as a public company, and its stock began trading on the Over The Counter (OTC) Bulletin Board May 19.In addition, the company announced its first non-line-of-sight metro-wide...
PARIS-Webraska Mobile Technologies has received an additional investment of $5.26 million from its current investors. The company said the capital will be used to fund growth opportunities in Webraska's core LBS, telematics and automotive markets and in the growing mobile enterprise market. Apax Partners,...
BERLIN-Personal Information Management software provider Weblicon Technologies AG announced investor Aurelia Private Equity has invested $4.385 million in the company for it to expand its international sales and marketing efforts."Weblicon offers attractive products whose international potential can now be realized with renowned selling partners...
CHILLICOTHE, Ohio-Sprint PCS affiliate Horizon PCS Inc. reported $59.2 million in total revenues during the first quarter of 2003 compared with $48.2 million the carrier reported for the first three months of 2002. Net losses applicable to stockholders also increased from $39.6 million last...
PETAH TIKVA, Israel-ECI Telecom Ltd. released first-quarter 2003 results and announced changes to its board.The company reported revenues of $118.7 million, down from $149.2 million in the previous quarter. Operating expenses were down to $54.2 million compared with $69.9 million in the previous quarter....
CARROLLTON, Texas-Broadband wireless services provider Nucentrix Broadband Networks Inc. reported first-quarter revenues of $4 million, down from $10.6 million during the first quarter of 2002. Net loss was $4.3 million, or 41 cents per share, compared with a net loss of $7.7 million, or...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp.'s first quarter results reflected an improved financial performance during the past year.InterDigital reported revenues of $37.3 million, a 78-percent improvement from the year-ago quarter's $20.9 million. The company credited the increase to the recognition of $24.7 million in...
CARY, N.C.-SpectraSite Inc. late last week reported first quarter 2003 results reflecting increased site leasing revenues and net income.Revenues were $81.4 million, up from $72.4 million for the first quarter of last year. Site leasing revenues were up 16.1 percent to $76.6 million, while...
WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. reported a net income of $6.1 million for its first quarter on revenues of $165 million, while showing a decline in subscribers of almost half a million.The carrier, which recently emerged from Chapter 11 bankruptcy, said...
OKLAHOMA CITY-Dobson Communications Corp. reported that Bank of America N.A. has extended the time for the completion of an amended and restructured loan with Dobson's majority shareholder Dobson CC Ltd. Partnership until May 16.
SAN JOSE, Calif.-Notify Technology Corp., which sells wireline and wireless messaging products to carriers, reported increased revenues and declining losses, but warned uncertainties in the market and in its customer base could affect future earnings.Notify reported revenues for its quarter of $2.9 million, up...
WEST MELBOURNE, Fla.-Relm Wireless Corp. was notified on April 29 that it will be delisted from the Nasdaq SmallCap Market on May 8 because it has not regained compliance with the minimum $1 price per share requirement.Beginning May 8, the company's securities will be...
OWINGS MILLS, Md.-Mobile data company Aether Systems Inc. reported a declining net loss and slightly increased revenues for the first quarter, but the news seemed to do little to bolster investor confidence.Aether scored revenues for the first quarter of $29.2 million, up from the...
CUPERTINO, Calif.-Vocera Communications Inc. has raised $8 million in its fourth round of funding that the company plans to use to fund its operations to achieve profitability.The funding was led by Granite Global Ventures and Venrock Associates, RRE Ventures, Vanguard Ventures and Avalon Ventures...
WASHINGTON-Intel Corp. has reaffirmed its second-quarter revenue outlook of between $6.4 billion and $7 billion with a gross margin projection of 50 percent, according to its report filed with the Securities and Exchange Commission.The company, however, expects its second-quarter revenue outlook to be less...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc.'s common stock will begin trading on the OTC Bulletin Board beginning May 8 after a Nasdaq Listing Qualifications Panel determined earlier this month that the carrier's stock price did meet requirements for continued listing on the...
KIRKLAND, Wash.-Nextel Partners Inc. said it intends to sell $100 million of convertible senior notes due 2008 to qualified institutional buyers in an unregistered offering and that it will grant the initial purchasers an overallotment option to purchase an additional $25 million principal amount...
