The struggles continued for Openwave Systems Inc. as shares of the company sank on news that it is investigating whether executives had "managed" financial results. The Redwood City, Calif.-based developer delayed its third-quarter financial report pending an internal investigation, citing allegations by an employee...
Shares of Glu Mobile Inc. climbed after the mobile game maker posted a $6 million first-quarter loss despite increased revenues.The San Mateo, Calif.-based publisher reported $20.6 million in revenue, up 31% from the $14.7 million posted during the same quarter last year. The quarterly...
There just might be an end in sight for Sprint Nextel Corp.'s troubles. After the company reported first-quarter results that were either in line with analyst predictions or, in some cases, better than expected, the carrier's stock dropped slightly after an early jolt in...
Armed only with more promises to revive the badly flagging company, Motorola Inc.'s CEO Greg Brown and fellow board members took a verbal beating from their shareholders at last week's annual shareholder meeting in Rosemont, Ill., according to news reports.Yet the company's board received...
Leap Wireless International Inc., which sells unlimited wireless phone service under the Cricket brand, reported an unaudited $18.1 million loss in the first quarter, a 25% improvement from the $24.2 million it lost in the same period a year prior.Leap Wireless grossed 550,520 new...
T-Mobile USA Inc. pushed past the 30 million subscriber mark during the first three months of the year, adding 981,000 net customers and ending the first quarter with 30.8 million customers. The net customer growth was inline with the 980,000 customers the carrier added...
The following list includes venture capital and other investments into wireless companies announced during the first quarter.
This list comprises the amounts that were invested into wireless companies, as well as the companies that led the investment.
Topping the list in the first quarter was SpinVox,...
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 estimates on Virgin Mobile USA to 39 cents from 46 cents for 2008 after the company reported in-line first-quarter results.--Standard &...
Regional wireless operator MetroPCS Communications Inc. reported a 23% jump in total revenue and an 11% rise in income, while average revenue per user and net subscriber additions declined slightly. Despite solid subscriber gains, the company's results fell below Wall Street expectations. MetroPCS' shares...
Virgin Mobile USA Inc. reported that in the first quarter its service revenue was down, net income and net customer adds were down drastically, churn was up and average revenue per user was down. Yet, it was possible for one analyst to take heart,...
Contrary to the popular maxim, no news is not good news - at least at Motorola Inc.Armed only with more promises to revive the badly flagging company, CEO Greg Brown and fellow board members took a beating from their shareholders yesterday, according to news...
Novatel Wireless Inc. yesterday reported a dip in revenue and less than half the profits it earned in the year-ago quarter. The company gave a dim forecast for the current quarter.Stock in the San Diego-based maker of 3G PC cards and embedded modems sank...
Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured ratings on Sprint Nextel Corp. to BB from BBB- and removed the company's ratings from CreditWatch with negative implications. The downgrade moves Sprint Nextel out of the investment-grade category and into junk...
Nortel Networks offered a mixed bag with its first-quarter financial report. The company's net loss widened, but revenues were up and it said it is still on track to meet its 2008 targets.Nortel's stock initially surged on the report, but shares were trading down...
Sierra Wireless Inc. said yesterday that its revenue and profits exceeded its guidance for the first quarter and forecast sequential growth, in the wake of a chastened outlook from competitor Novatel Wireless.Sierra Wireless' stock was down more than 4% this morning.The company, which makes...
Alcatel-Lucent's first-quarter financials held few surprises, but the company's new outlook -- "flat" instead of the previous "flat to slightly up" -- appeared to spook investors, who sent the company's shares down around 4% to $6.74 per share on the news.Nonetheless, Alcatel-Lucent chief Patricia...
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 initiated coverage on Leap Wireless with a sector perform rating and a $55 price target.--Lehman Brothers lowered its 2008 EPS estimate on...
Verizon Wireless reported a strong first quarter with a net gain of 1.5 million wireless customers and a nearly 49% increase in data revenues. Verizon Communications Inc. stock was up 1.9% to $37.74 per share after the news.Verizon Wireless' first-quarter customer growth was short...
Pesky Wall Street.No matter how well you perform, the stock market - understandably, because it reflects investors' view of future prospects - is all about "what's next"?Qualcomm Inc., riding a wave of global demand for W-CDMA-enabled handsets - and strong performances by Samsung Electronics...
AT&T Mobility continued its steady growth during the first quarter of the year, reporting customer additions on par with the previous year and gains in customer revenue that helped push the carrier's revenues up more than 17%.For the quarter, the industry's No. 1 carrier...
Samsung Electronics Co. Ltd. firmly established itself as the world's second-largest handset vendor, with about 16% market share, as former rival Motorola Inc. dwindled to 9.4% share in the No. 3 spot. Samsung shipped 46.3 million handsets in the first quarter, growth of 33%...
It's all about context. With investors apparently expecting dark news from the infrastructure sector, L.M. Ericsson's stock shot up more than 12% today after the company reported a 5% gain in revenue, a 55% drop in net income and an erosion in gross margins.Add...
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.--Ambient: Vicis Capital Master Fund invested $3 million into Newmont, Mass.-based Ambient Corp. The financing deal called for Ambient...
Motorola Inc. continued to lose traction in the handset market as first-quarter revenue was down nearly 40%, its operating losses nearly doubled and handset shipments were down drastically over the year-ago quarter.Wall Street hammered the company's stock, sending it down nearly 5% today to...
