Is it a bird? A plane? No, it's Craig McCaw, swooping in to rescue yet another struggling satellite wireless phone company-leading a group of investors to provide $74.6 million in interim financing for the bankrupt Iridium L.L.C.This is McCaw's second performance in his satellite...
REDWOOD CITY, Calif.-Phone.com Inc. released its first-ever quarterly earnings report since going public in June, posting a net loss for the fiscal fourth quarter of $6.8 million, or 62 cents per share.Net loss for the same period last year was $2.9 million, or 53...
NEW YORK-All eyes are on Omnipoint Corp., which one investment banker has likened to a poster child for personal communications services.What will be the final chapter in Omnipoint's search for a strategic partner, and how soon will it be written? How might this conclusion...
Sprint Corp. announced April 20 first-quarter consolidated revenues of $4.72 billion, a 16-percent increase from the $4.08 billion posted for the same period of 1998. The next day Sprint said it awarded Lucent Technologies Inc. a $780 million equipment contract.Kansas City, Mo.-based Sprint is...
WASHINGTON-Telecommunications networks are expected to pass the coming of the new millennium without catching the dreaded millennium bug, said a group representing local exchange carriers and a congressional report last week. While other areas of the national economy, such as health care, may still...
NEW YORK-DSC Communications Corp., a major manufacturer of switches for wireless and wireline telecommunications, announced it anticipates posting disappointing revenues and earnings for the third quarter ending Sept. 30.The company expects total revenue for the quarter to be between $325 million and $335 million,...
