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: The Galleon Group led a $22 million Series C funding round into San Jose, Calif.-based Altierre Corp., which...
Virgin Mobile USA Inc. stock dropped more than 53% from its closing price yesterday after it reported a $14.7 million loss in the fourth quarter. The mobile virtual network operator (MNVO) did, however, report net income of $4.2 million for the full year, making...
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 adjusted its estimates on Leap Wireless to a loss of $1.14 from a loss of $1.09 for this year and a loss of...
Texas Instruments Inc. lowered its revenue range and earnings per share for the quarter ending March 31. The company is set to hold a conference call later today to discuss the change in outlook. TI said its expected revenue at quarter's end will be...
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.--Handango: Several companies invested $9.5 million into smartphone content provider Handango. Participating in the Series C funding round were...
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 lowered its price target on MetroPCS to $25 from $30 on mixed fourth-quarter results. The firm also lowered its 2008 revenue estimates on...
Sprint Nextel Corp. affiliate iPCS Inc. provided further insight into its fourth quarter and full year 2007 operations. The carrier, which previously reported a steep drop in net customer additions for the quarter and flat growth for the year, reported a 6.7% increase in...
Expectations of a future re-partnership with Sprint Nextel Corp. to deploy a nationwide WiMAX network appears to have overshadowed mixed financial results for Clearwire Corp., which has seen its stock price fluctuate wildly today following the release of its fourth-quarter and full-year 2007 results.The...
U.S. Cellular Corp. reported late Friday that it added 55,000 customers to its network during the final three months of 2007, and 301,000 customers for the year, to push its total customer base to just over 6.1 million subscribers at the end of last...
T-Mobile USA Inc. ended 2007 with 28.7 million customers after adding 951,000 customers and posting a net income of $383 million during the fourth quarter. The carrier netted more than 3.6 million new customers during 2007, with 83% of its total customer base coming...
Once-beleaguered RadioShack Corp. - which sells wireless devices and services for AT&T Mobility and Sprint Nextel Corp., as well as a handful of prepaid providers - saw its stock soar more than 22% after reporting a rise in net income for the fourth quarter...
Sprint Nextel Corp.'s stock plummeted to new lows after the company reported a $29.5 billion loss in the fourth quarter due to a write down of the value of Nextel Communications Inc., which Sprint Corp. acquired in 2005. Sprint Nextel's stock was down 10.4%...
MetroPCS Communications Inc. reported a net loss of $47 million while adding almost 299,00 customers during the fourth quarter of 2007. The company's stock was down almost 7.5% in early trading with results falling short of analysts estimates, but has quickly inched beyond yesterday's...
Nortel Networks Corp. reported a loss of $844 million during the fourth quarter of 2007 and said it would fire 2,100 employees and move another 1,000 positions to lower cost locations. The losses compounded an already tumultuous year for the infrastructure vendor, as it...
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 downgraded its industry rating on the telecommunications services sector from overweight to market weight. In related action, CSFB downgraded both AT&T...
Shenandoah Telecommunications reported $3.7 million in net income for the fourth quarter, representing a 14.5% increase from the year-ago period. The wireless arm of the company, which operates as an affiliate of Sprint Nextel Corp., brought in $3.7 million in net income, the same...
Once-beleaguered RadioShack Corp. - which sells wireless devices and services for AT&T Mobility and Sprint Nextel Corp., as well as a handful of prepaid providers - saw its stock soar more than 22% today after reporting a rise in net income for the fourth...
Research In Motion Ltd. said today that its subscriber growth will be stronger than previously forecast for its fiscal quarter ending March 1. But the BlackBerry maker did not raise its financial projections for the same period. RIM in December had predicted 1.8 million...
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 Embarq to $54 from $60 on lower out-year cash flows. The firm, however, raised its 2008 revenue...
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.--Acuity: Navteq made an equity investment into Acuity Mobile Inc., a mobile location-based advertising delivery company based in Greenbelt,...
Brightpoint Inc. racked up enviable revenues and profits in the fourth quarter and all of 2007 and gave optimistic projections for the current year in its earnings report. But Wall Street had expected substantially higher earnings-per-share, sending the handset distribution firm's stock down more...
Alcatel-Lucent reported a loss of $3.74 billion during the fourth quarter, bringing its total loss to $5.1 billion for 2007. The company's stock was down less than 4% to $6.02 on the news, however it has suffered a steady decline since it reached a...
TerreStar Corp. said it received $300 million in investor commitments through the launch of its hybrid mobile satellite, with the transaction also giving the company access to additional frequencies to improve North American coverage.The funding will be provided by EchoStar Corp., Harbinger Capital Partners...
Blue Frog Mobile Inc. may have uttered its last "ribbit."The Seattle-based interactive TV firm filed for bankruptcy last week under Chapter 7, signaling its intention to sell off its assets. The company claimed liabilities of less than $1 million and assets of between $1...
