Apple Inc. reported revenue of $7.5 billion and net profit over $1 billion in its second fiscal quarter, with revenue beating expectations. That's up from revenue of $5.3 billion and net profit of $770 million in the year-ago quarter.The company's iPhone sales for the...
Qualcomm Inc. is riding a wave of demand for W-CDMA-enabled handsets, which drove its strong revenue and profits in the fiscal second quarter, the company said today. "Worldwide adoption of 3G, CDMA-based products and services continue to accelerate," said CEO Paul Jacobs, in a...
Sony Ericsson Mobile Communications said it lost a point of market share in the first quarter, following a warning it gave last month.The Japanese-Swedish JV reported a year-on-year increase of only 2% in the number of handsets shipped (22.3 million), despite what one analyst...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services affirmed its rating on AT&T Inc.'s commercial paper program, which has been raised to $15 billion from $12 billion. --Morgan...
Tellabs Inc. reported $16.6 million in earnings in the first quarter, down nearly 35% from the $25.5 million it brought in during the year-ago period. The company's stock was down nearly 17% to $5 per share on the news.Since Tellabs' former president and CEO...
Shares of Texas Instruments Inc. tumbled after the company ratcheted down expectations about the short-term market for high-end phones.The Dallas-based chipmaker reported $3.27 billion in first-quarter revenue, up 3% from the year-ago period, and posted a net income of $662 million, an increase of...
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...
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.--Rosum: Rosum Corp. said it raised $15 million in new financing from existing investors Charles River Ventures, Allegis Capital,...
Nokia Corp. posted strong results for the typically tepid first quarter, but its stock dipped 14% in midday trading after the company said that the handset market's overall value, in Euro terms, would decline from last year.Nokia reported revenue of $20.2 billion in the...
Novatel Wireless Inc., maker of embedded laptop modems, warned this week that it would miss its first-quarter profit forecast.The company cut its first-quarter earnings estimate to $91 million from $110 million and drastically reduced its per-share earnings expectations. Novatel said it missed shipping a...
LG Electronics Co. Ltd. shipped 24.4 million handsets in the first quarter, above analysts' estimates of 23 million to 24 million units.Handset sales reached $3.2 billion, up nearly 36% over the year-ago quarter, while the division's operating profit reached $448 million, a four-fold jump...
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--RBC Capital Markets lowered its price target on Motorola Inc. to $10 from $12. The firm also cut its unit estimates on...
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 price target on Verizon to $48 from $50 and lowered its current-year EPS estimate on the company to $2.66 from $2.74....
Palm Inc. yesterday reported a loss of $57 million in its fiscal quarter ended Feb. 28, $25 million more than its previous quarterly report last month. That's markedly down from the $11.8 million earned in the year-ago quarter. The company took an added $25...
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.Aperto: Quicksilver Ventures led a $20 million equity round of funding into Aperto Networks, which makes WiMAX base stations...
Shares of Research In Motion Ltd. surged after the BlackBerry maker reported strong quarterly revenues and offered a rosy forecast for the current quarter.The Waterloo, Ontario-based developer reported $1.88 billion in revenue during the fourth quarter, more than doubling the $930 million generated during...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services assigned its A rating to AT&T's 6.125% global notes due 2015. The ratings reflect the company's strong position in the...
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.Bubble Motion: Sequoia Capital US and Sequoia Capital India participated in a $14 million round of funding into Bubble...
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--RBC Capital Markets lowered its price target on Palm to $5 from $6 after the company reported a slight revenue miss on...
Activist investor Carl Icahn announced, through a fiery press release, that he is suing Motorola Inc. in order to obtain documents outlining the handset maker's business strategy, financial performance and use of the company's aircraft by Moto executives "for personal reasons," according to Icahn."Motorola...
Palm Inc.'s fiscal third quarter yielded revenue of $312 million but a loss in net income of $31.5 million, despite a 13% rise in handset unit sales. Revenue was down 24% from the year-ago quarter and net income dropped even more sharply -- in...
Alltel Corp., now a privately owned company following its $27.5 billion acquisition by private-equity firms, reported notable customer additions during the fourth quarter, numbers that made 2007 a record for the company in terms of subscriber gains.The carrier beat out Wall Street predictions, adding...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services raised its rating on Telephone & Data Systems to BBB- from BB+. The outlook is positive. The change comes after...
Virgin Mobile USA Inc. stock dropped more than 53% from its closing price after it reported a $14.7 million loss in the fourth quarter. The mobile virtual network operator did, however, report net income of $4.2 million for the full year, making 2007 the...
