Apple Inc.'s stock sank more than 10% in after hours trading today after the company forecast fiscal fourth-quarter earnings below analysts' expectations.The company sold 717,000 iPhones in the fiscal third quarter that ended June 28, but no clear, year-ago quarterly comparisons were possible. The...
LG Electronics Co. Ltd. said today that it expected handset shipments to emerging markets to slow and competition to intensify in developed markets in the current, third quarter, as it posted positive results for the quarter just past. Revenue in the industrial conglomerate's handset...
Nokia Corp. set the bar for its competitors yesterday - growth is possible under current market conditions. But Sony Ericsson Mobile Communications could not perform a chin-up. The Japanese-Swedish joint venture reported today that key metrics were down across the board and its...
Nokia Corp.'s stock shot up more than 8% today after it projected an upside to its 10% growth forecast for the handset industry this year. Nokia also claimed 40% global market share, meaning it will take the lion's share of that growth. The Finnish...
Despite delivering a bona fide hit handset, the $99 Centro, Palm Inc. continued to struggle with revenue and profit in fiscal fourth quarter.For the quarter ended May 31, Palm reported that revenue was $296 million, down 26% from the year-ago quarter, and net...
Analyst Brian Modoff at Deutsche Bank this week cut his forecast for global handset shipments from 8% growth to 6%, citing fuel and food cost pressures on consumers. Modoff said that those financial pressures were causing consumers to delay handset upgrades, weakening the outlook...
Sony Ericsson Mobile Communications warned today that it would only break even in the current quarter and that handset shipments will be nearly flat over the first quarter, reflecting "moderating demand" for its mid- and high-tier phones. The joint venture also acknowledged that new...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--BridgeWave: Intel Capital and Core Capital led a $10 million round of funding into BridgeWave, which supplies gigabit wireless...
Research In Motion Ltd. doubled its fiscal first quarter revenue and net income over the year-ago quarter, sold 5.4 million devices and added 2.3 million new subscribers. RIM's fiscal first quarter ended May 31.Not good enough for Wall Street, however. RIM's stock dipped nearly...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarrierStandard & Poor's Ratings Services revised its outlook on U.K.-based mobile satellite services provider Inmarsat Ventures Ltd. to positive from stable. It also affirmed all...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Funambol: Nexit Ventures led a $12.5 million round of funding into open source messaging software provider Funambol Inc. Castle...
Research In Motion Ltd. reports fiscal first-quarter earnings on June 25 and, driven by sales of its Curve at Verizon Wireless, two analysts said the company's results likely would be at the high end of current guidance."Our view is based on very strong retail...
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 AT&T to $46 from $47 and adjusted its estimates on the carrier to account for 3G iPhone...
Venture capitalists expect to pour money into mobile and online entertainment over the next two years, according to new figures from KPMG.The auditing giant said the poll of 300 venture capitalists, corporate executives and bankers found that 52% of respondents predicted investment in digital...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--R.W. Baird raised its 2009 EPS estimate on Verizon to $2.97 from $2.89 on news of the company's pending acquisition of Alltel. Standard & Poor's...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Zannel: Alloy Ventures and existing Series A investors U.S. Venture Partners and Palomar Ventures invested $10 million into Zanell,...
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--Standard & Poor's Ratings Services revised its outlook on LG Telecom to positive from stable, reflecting its improved financial risk profile. S&P...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Altierre: D.E. Shaw Group and Labrador Ventures invested $8 million in a second closing of its Series C funding...
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 raised its price target on Leap Wireless to $60 from $43 and improved its EPS estimates to a loss of 79 cents rather...
As Motorola Inc.'s growth sharply contracted between 2006 and 2007, four Chinese handset vendors were among the fastest growing in the business, although at markedly lower volumes.The finding is one of many disparate conclusions drawn in a new study from Forward Concepts that examined...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Moblyng: MDV-Mohr Davidow Ventures and Deep Fork Capital invested $5.7 million into mobile social media company Moblyng. The Menlo...
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 Leap Wireless to a loss of $1.03 from breakeven for 2008 due to a reduction in EBITDA...
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 lowered its EPS estimates on Sprint Nextel to break even from 42 cents for 2008 and to 18 cents from 37 cents for...
Fresh off a seven-party deal to form a new, and much larger company under its name, Clearwire Corp. reported more than $176 million in losses during the first quarter of the year as it expanded its fixed high-speed wireless network and built up its...
