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 Inc.'s $750 million of global notes due 2013, $750 million of global notes due...
Virgin Mobile USA Inc. reported that it added 210,000 customers in the final quarter of 2007; however the MVNO will be taking on a loss of $3 million to $6 million for the year.The five-year-old company added 512,000 customers to its rolls in 2007,...
L.M. Ericsson stock is down nearly 3% to $22.07 on news that the company's networks business lost momentum in the final months of the year. The company reported $886.7 million in profits last quarter, a 42% decline from the year-ago period.President and CEO Carl-Henric...
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 Verizon to $2.66 from $2.70 for 2008. R.W. Baird lowered its estimates on the carrier to $2.65...
Verizon Wireless failed to match the iPhone-fueled growth of larger rival AT&T Mobility during the fourth quarter, but don't feel bad for the industry's No. 2 player. The carrier posted its own fair share of industry-leading metrics.Verizon Wireless said it added 2 million net...
Broadcom Corp. scored a number of legal victories in patent litigation with rival Qualcomm Inc. last year but also, like its rival, managed to execute effectively on its business model. The company reported Thursday that fourth-quarter net revenue reached $1 billion, up 8% from...
LG Electronics Inc. shipped 23.7 million handsets in the fourth quarter, up nearly 40% year-on-year, based on its expanded feature phone offerings, the company said.LG's handset revenue for the year-end quarter grew to about $3 billion, 12% above the year-ago quarter. For 2007, operating...
Nokia Corp. today displayed the results of a well-oiled, money-making machine with 34% and 44% jumps in revenue and profit, respectively, for the fourth quarter compared to the year-ago quarter.
Handset volumes reached 133.5 million units in the fourth quarter, up 27% year-on-year, enough...
New wireless subscribers came to AT&T Mobility in record droves during the fourth quarter; the carrier added 2.7 million net new customers to the rolls -- an all-time record high among U.S. wireless carriers. The growth was well ahead of even the most optimistic...
A "focus on execution" has allowed Qualcomm Inc. to continue performing well, even while searching for a resolution to its stand-off with Nokia Corp. and defending its business model in patent disputes, the company announced.The San Diego-based chip and intellectual property-licensing firm posted $2.44...
Texas Instruments Inc. reported increases in revenue and earnings for the fourth quarter and gave an upbeat view of the current quarter. Analysts and investors are monitoring earnings forecasts for signs of an economic slowdown and Wall Street rewarded TI's positive projections by sending...
Motorola Inc. remains in the doldrums as its handset division -- formerly the engine of the company's revenue and earnings -- posted a huge loss in the fourth quarter of 2007. The company forecast more pain for the ongoing first quarter.Motorola's recovery in the...
Sprint Nextel Corp. affiliate iPCS Inc. said it added about 7,800 net subscribers during a fourth quarter, a number "below our previous expectation," according to the carrier.The company saw a monthly churn rate of 2.7% and ended December with 629,900 customers on its network....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Raymond James lowered its price target on Sprint to $14 after the company pre-released weak fourth-quarter earnings. Morgan Stanley lowered its price target on Sprint...
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.--Airbiquity: Acorn Ventures, Kirnaf Ltd., Shell Internet Ventures and Ignition Partners invested $25 million into Seattle-based Airbiquity Inc. The...
Apple Inc. declared its fiscal first quarter, the greatest in its history in terms of revenue and earnings.That unambiguous claim could not carry the day, however, as the company issued a tepid outlook for the current quarter, which sent its stock tumbling in after-hours...
Tellabs Inc. reported a profit of $6 million in the fourth quarter, marking a 78% drop from the $29 million it brought in during the year-ago period. Due to the lagging profits, the company said it would cut 225 employees from its workforce, in...
In the first half of 2007, mobile subscriber additions slowed to 10.4 million, the lowest level since 2003, and on a percentage basis, to its lowest level ever, according to CTIA. Most market analysts believe that penetration, 80.7% as of July 2007, is slowing....
The first two handset vendors to report fourth-quarter and full 2007 earnings last week both forecast 10% growth for their sector in 2008, on top of healthy unit volume growth last year. That seemed to reassure industry analysts that macro-economic trends now capturing headlines...
A Pennsylvania law firm slapped Virgin Mobile USA Inc. with a lawsuit claiming the operator misrepresented financial information in advance of its October initial public offering.The class action suit, which was filed by the Law Offices of Howard G. Smith, claim that Virgin Mobile...
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 --Goldman Sachs lowered its estimates on Motorola Inc. due to indications of softened capital spending early this year. New estimates on the...
Citing "long-term competitiveness," Nokia Corp. said today it would close a handset factory in Bochum, Germany, and sell automotive and research-and-development sites in the same locale. Nokia will move its handset production from Bochum to more "cost-competitive" sites in Europe, according to the company....
Following this week's single-day 10% drop in AT&T Inc.'s stock value, a financial firm is raising its guidance for the telecommunications juggernaut, citing strong iPhone sales as a major driver for what it sees as an upswing over the coming year.In a note to...
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 2007 EPS estimates on Leap Wireless to a loss of 99 cents and raised its 2008 EPS estimate to...
