Editor’s Note: This is one of a series of stories examining the current economic downturn and how it affects the wireless industry. For more on this topic, visit RCRWireless.com/EconomicDownturn.WE’VE ALL …
Quarterly Earnings
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors–R.W. Baird lowered its estimates on Nortel Networks …
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Palm Inc.’s revenue for the first fiscal quarter just ended was flat and the company lost about $40 million, vastly beyond losses in the year-ago quarter. While Palm said it …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–Credit Suisse First Boston lowered its rating on Vodafone Group to …
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Nokia Corp. gave somewhat vague mid-quarter guidance last Friday that sent its stock tumbling more than 9% to a new 52-week low. The Finnish giant, with about 40% global market …
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U.S. Cellular Corp. and parent company Telephone and Data Systems Inc. have their sights set on the Big Apple, stock wise. Both companies announced today intentions to switch their publicly …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Other–R.W. Baird lowered its estimates on OmniVision Technologies following weak results …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–Credit Suisse First Boston lowered its estimates on Sprint Nextel despite …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–Lehman Brothers dropped its estimates on Leap Wireless based on predictions …
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Virgin Mobile USA Inc. showed more enthusiasm toward its newer, postpaid offerings in its second-quarter report – not the normal behavior for a company that made its name with prepaid. …
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As Verizon Wireless works to purchase the carrier, Alltel Communications L.L.C. announced the addition of 319,687 customers in the second quarter, showing it is still thriving even as its potential …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–RBC Capital Markets raised its price target on Leap Wireless to …
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T-Mobile USA Inc.’s second-quarter results showed increases in the two Cs, customers and churn. The nation’s No. 4 carrier added 668,000 customers, pushing its customer base to 31.5 million at …
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Sprint Nextel Corp.’s comeback campaign showed limited progress but remains a work in progress, as the struggling No. 3 wireless provider slowed its hemorrhaging customer churn while recording a $344 …
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Leap Wireless International Inc. is planning to aggressively expand its broadband offering even as that buildout weighs down its financials. The carrier said it added added 171,000 net customers during …
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CommScope Inc. released second-quarter results, reporting revenue of $1.09 billion, net income of $40.2 million and strong international sales. CommScope said sales more than doubled on a year-over-year basis, due …
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Centennial Communications Corp. put out results for its fiscal fourth-quarter and full-year that ended May 31, with a consolidated annual revenue exceeding $1 billion.Consolidated revenue for the fourth quarter totaled …
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Nortel Networks Corp.’s stock plunged nearly 15% after the infrastructure provider released relatively flat second quarter results, but warned of future instability in the U.S. market. The Toronto-based company posted …
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Motorola Inc. says its troubled handset business is improving and will be stronger by the end of the year, but CEO Gregory Brown isn’t willing to say when he expects …
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Motorola Inc. managed to both pleasantly surprise the market today and disappoint industry observers who are looking further down the road.The company posted a meager profit, beat expectations on handset …
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Electronic Arts Inc. continued to grow its mobile revenues even as it disappointed investors with a $95 million quarterly loss.The publishing giant’s wireless business generated $44 million in revenues during …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–RBC Capital Markets lowered its price target on Verizon to $37 …
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Alcatel-Lucent’s troubles are likely to continue in the third quarter, as the network vendor struggles with structural problems, according to one research company. As part of its second-quarter results, Alcatel-Lucent …
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VERIZON WIRELESS MAY LAG BEHIND larger rival AT&T Mobility in total customers, but the industry’s No. 2 players continues to hold a financial lead.Verizon Wireless posted an 11.8% increase in …
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Nokia Corp. hit the second-quarter finish line (pun intended) with strong year-over-year growth in handset shipment volumes, a key metric for Wall Street and those given to horse-race analogies.The company’s …