BERWYN, Pa.-Triton PCS Holdings Inc. priced its secondary offering of 7.2 million shares of class A common stock at $30.55 per share. The company had originally planned to offer 6 million shares.Triton also said its largest shareholder, J.P. Morgan Capital Corp. and Desai Capital...
SAN FRANCISCO—Intel Corp. said it expects its fourth-quarter sales this year to beat its previous estimate of between $6.2 billion and $6.8 billion. It says its forecast ranges from $6.7 billion to $6.9 billion."Demand for Intel microprocessors has been better than expected, trending in...
HARTFORD, Conn.—Law firm Schatz & Nobel filed a lawsuit in the U.S. District Court for the Northern District of California on behalf of purchasers of Metricom Inc. common stock.The suit alleges that unbeknownst to the investing public, Metricom entered into three significant transactions with...
SARASOTA, Fla.—Pinnacle Holdings Inc. settled with the Securities and Exchange Commission relating to Pinnacle's accounting for an August 1999 acquisition of certain Motorola Inc. assets. Pinnacle consented, without admitting or denying the SEC's findings, to the SEC's entry of an administrative order that Pinnacle...
WESTBOROUGH, Mass.—Arch Wireless Inc. said it will file for file for Chapter 11 bankruptcy by Jan. 15 in order to restructure its long-term debt. The company owes about $2 billion.The move comes as little surprise as Arch has made numerous hints at bankruptcy in...
NEW YORK—Winstar Communications Inc. auctioned off its assets Dec. 5 at the offices of Winstar counsel Shearman & Sterling in New York.As previously reported, Winstar announced Nov. 21 it would seek court approval for the auction procedures. At that time the company's former Chief...
SAN FRANCISCO—Following a recent annual meeting, venture capital firm SoftBank Venture Capital announced it will change its name to Mobius Venture Capital, a move it said reflects its independent status.The company also announced its funding of two wireless companies, SkyPilot Network and Bergana Communications....
HELSINKI, Finland—Nokia Corp. has allied with companies with banking and financial expertise to produce and market software for mobile and online financial services using open standards.The companies are 3I, an investment company; Accenture, a management and technology consulting company; and Sampo, which offers financial,...
MONTREAL—Telesystem International Wireless Inc. (TIW) announced its investors have agreed to a recapitalization plan including the restructuring of its subordinated debentures and an increase in its economic ownership in ClearWave N.V.The company's investors, Capital Communications CDPQ Inc., U.F. Investments Ltd., an affiliate of Hutchison...
BERWYN, Pa.-Triton PCS Holdings Inc. announced a planned 6 million-share secondary offering of common stock under its previously filed shelf registration.The secondary offering will include 6 million shares from current institutional shareholders, with the underwriters granted an over allotment option of 900,000 additional shares...
KIRKLAND, Wash.—Nextel Partners Inc. entered into an agreement to sell $225 million of 12.5 percent senior notes due Nov. 15, 2009, in a private placement transaction. The company said the notes were priced to yield 13.875 percent for approximately $210.4 million in gross proceeds.
SAN FRANCISCO—OmniSky Corp. said it received notice from Nasdaq that it is no longer in compliance with Nasdaq listing requirements as a result of the company's inability to file a 10-Q for the quarter ended Sept. 30. OmniSky said its stock will be delisted...
LUBBOCK, Texas—Alamosa Holdings Inc. applied for listing of its common stock to begin trading on the New York Stock Exchange under the ticker symbol "APS" on Dec. 6."We are very pleased to qualify under the stringent listing requirements to begin trading on the NYSE,"...
NEW YORK—Winstar Communications Inc. intends to file with the Bankruptcy Court in the District of Delaware a motion to establish procedures for an auction of the company's assets in early December, the company announced. Winstar has been working toward a potential sale of or...
LONDON—BT Group plc said it received court approval for the reduction of its share capital, allowing each issued BT Group ordinary share to be reduced from $1.63 to 7 cents. BT said the move will increase the level of reserves available for future distributions...
SARASOTA, Fla.—Pinnacle Holdings Inc. closed on the sale of two of its colocation properties located in the central business district of St. Louis, Mo., generating $22 million that will primarily be used to repay bank debt, including payment of the company's fourth quarter scheduled...
SAN FRANCISCO—OmniSky Corp. said it is unable to timely file its quarterly report for the third quarter. The company said it is too busy evaluating "various strategic options, including a reorganization, sale or other form of restructuring under the federal bankruptcy code" to file...
Pinnacle Holdings Inc. painted a grim picture during its third-quarter earnings call last week, as executives tried to offer some hope that the company is going to survive even though two of its customers have disappeared and another is about to call it quits."Pinnacle...
NEW YORK-Fraud is following the course of least resistance, trending largely but not exclusively toward subscriber identity theft and away from the use of wireless networks as a means to steal service from carriers.On a worldwide basis, fraud costs wireline and wireless carriers as...
SAN JOSE, Calif.—Agilent Technologies says it will cut another 4,000 jobs, making the total job reductions 8,000 since August, representing 19 percent of its work force.The test-and-measurement equipment vendor, which met market estimates in its fourth-quarter reports, said the decision was prompted by the...
SAN FRANCISCO—OmniSky Corp.'s stock dropped by about 30 percent in trading after the company said it has been unable to raise additional capital and that it is "evaluating the potential benefits of a reorganization, sale or other form of restructuring under the federal bankruptcy...
FRANKFURT, Germany—Siemens AG reported a fourth-quarter loss of $968 million, although it exceeded analysts' estimates.However, the company which attributes its loss to the down market in telecom equipment, said it posted a profit of $1.84 billion for the full year.
BOCA RATON, Fla.-SBA Communications Corp. reported revenues for the third quarter ended Sept. 30 of $63 million, an increase from the $45.4 million reported for third-quarter 2000.The company reported a net loss of $49.1 million, or $1.03 per share, compared with a net loss...
SARASOTA, Fla.-Pinnacle Holdings Inc. reported revenues for the third quarter ended Sept. 30 of $46.5 million, just slightly more than the $45.3 million the company reported in revenues for the same period the previous year.Pinnacle felt the impact of paging providers PNI and TSR...
