RESTON, Va.—XO Communications Inc. reported revenues for the third quarter ended Sept. 30 of $331.5 million, a 48-percent increase from the $224.3 million reported for third-quarter 2000.The company experienced a loss before interest, taxes, depreciation and amortization of $53.3 million, compared with a loss...
MT. PROSPECT, Ill.—ISCO International Inc., a global supplier of interference-control solutions for the wireless industry, has settled a lawsuit and obtained additional financing, the company said on Wednesday.The company has settled for $4.925 million the previously announced $6.5 million judgement obtained against ISCO by...
ALBANY, N.Y.—IWO Holdings Inc., which provides wireless service under the Sprint PCS brand name in the northeast, reported $32.2 million in revenue for the third quarter, compared with $17.3 million posted last year. Net loss also increased from $12.8 million, or 42 cents per...
TOKYO—NTT DoCoMo Inc. reported a 50 percent drop in first half net profits, which the carrier attributed to a $2.1 billion write down on its investment in Dutch mobile operator KPN Mobile. The shortfall resulted in a net loss of $230 million for the...
LUBBOCK, Texas—Alamosa Holdings Inc. reported it will no longer be offering 4 million primary shares in its current underwritten public offering of common stock, with the remaining 4 million shares offered being offered by current stockholders. Alamosa said the only proceeds it will receive...
TOKYO—Matsushita Electric Industrial Co. announced its cell phone unit will close a Great Britain-based plant in an effort to further reduce costs by moving production to China and Eastern Europe.The Thatcham plant employs about 350 people and its closure follows the closure of another...
TOKYO—Citing sharp declines in demand, NEC Corp. is asking 6,600 semiconductor plant workers to stay at home with reduced pay for one to three days a month in November and December.The workers, who will be from eight different plants, will receive 80 percent of...
MONROE, La.—CenturyTel Inc. said its third-quarter financial results "will meet and possible exceed the range of guidance previously provided to the investment community," when they are released Oct. 30.Previous guidance expected third quarter revenue to range from $520 million to $535 million, with earnings...
WASHINGTON—Teligent Acquisition Corp., the recently formed company trying to purchase the remaining assets of Teligent Inc., reduced its bid from $117.5 million to $77.5 million, according to the company's latest Securities and Exchange Commission filing.TAC was the only bidder at the auction Oct. 11,...
ALLENTOWN, Pa.-Agere Systems Inc. posted a $3.4 billion net loss for the fourth quarter ended Sept. 30.The company, which is still owned 58 percent by Lucent Technologies Inc., said revenue plummeted by 60 percent to $600 million as against $1.5 billion in the same...
MURRAY HILL, N.J.—Lucent Technologies Inc. fell below market estimates as it recorded a fourth-quarter net loss of $8.8 billion, or $2.59 a share as against a loss of $484 million, or 14 cents a share a year ago."All along, we've said fiscal 2001 would...
CUPERTINO, Calif.—Vyyo Inc. reported revenues for the third quarter ended Sept. 30 of $2.9 million, a decrease from the $4.5 million reported for third-quarter 2000.The company experienced a net loss of $11.1 million, or 30 cents per share, compared with a net loss of...
VANCOUVER, British Columbia—Sierra Wireless Inc. posted better than expected third-quarter numbers, noting the introduction of new products during the fourth quarter should help it contend with the current difficult economic conditions.The company reported revenue for the quarter of $12.8 million, down from the $15.1...
LONDON—European vendor Marconi PLC said its third quarter results met it projections with an operating profit of $7.5 million.The company, which announced the resignation of its chief executive in the wake of dropping sales and shares, said it was able to reduce its debt.
TOKYO—Matsushita Electric Industrial Co says its expects a net loss of $560 million in the second half of this year, 50 percent more than its earlier estimate.The company attributed this bleak picture to its depreciating value resulting from the slide in Japanese stocks.
MOUNTAIN VIEW, Calif.—According to research firm Credit Suisse First Boston and other published reports, personal digital assistant maker Handspring Inc. on Monday will unveil its highly anticipated integrated wireless device.The device will combine PDA organizer functions with mobile phone and wireless Internet browsing capabilities.Company...
ALEXANDRIA, Va.—The Personal Communications Industry Association, proving it is not immune to current economic troubles, cut its work force by 9 positions Wednesday, leaving the industry association with about 50 employees."We did this because we needed to scale the operation," said Betsy Stephenson, PCIA's...
BOCA RATON, Fla.-SBA Communications Corp. said it increased its portfolio by 210 towers in the third quarter ended Sept. 30, bringing the company's total tower count to 3,464.Of the 210 towers added in the third quarter, 133 were newly built and 77 were existing...
SAN FRANCISCO—Communication and messaging company Critical Path Inc. said its restructuring plan, initially announced in April, has been substantially completed and is successful."The progress we have made allows us to focus on reaching break even in the near term and to continue our technological...
SAN JOSE, Calif.—LGC Wireless announced it has been awarded $19.3 million in venture capital funding.The investment was led by Allegis Capital, who will now take a seat on LGC's board of directors. In addition, Crystal Internet Ventures invested significantly and will also now hold...
LONDON—Diederik Karsten, chief executive of KPN's mobile-phone division intends to leave the company next month, according to a report by The Financial Times.Board director Paul Smits, who recently stepped down as group chief executive will replace Karsten. As previously announced, Ad Scheepbouwer will replace...
ATLANTA—Atlanta-based Air2Web, whose Mobile Internet Platform lets companies extend enterprise applications to any wireless device, has closed a $20 million round of venture-capital financing and expects an additional $5 million later this month, the company said Oct. 9.Participants in this third round of funding...
ALAMEDA, Calif.—Following the trend of many other wireless data companies in recent weeks, mobile data infrastructure provider Geoworks Corp. said it will cut its work force by 45 percent and will no longer offer revenue guidance to investors.The company cited current market uncertainty and...
OWINGS MILLS, Md.—Aether Systems Inc. said it will surpass its efforts to reduce its annual expenses by $78 million and has released guidance for upcoming quarters.The company said it has identified another $25 million in savings, partly resulting from the 280 job cuts it...
