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.--Kyte: Telefonica led a $15 million round of funding into Kyte. Also participating were Nokia Growth Partners, DoCoMoCapital Inc.,...
U.S. Cellular, the nation's sixth-largest carrier in terms of subscribers, said it expects a shortfall in the number of its 2007 customer additions. The carrier also reported it spent $13.1 million to acquire eight spectrum licenses covering four states. The licenses "will provide U.S....
Pudding Media announced it raised $8 million in its first round of venture funding. VC firms Opus Capital and BRM Capital led the round.Pudding, which offers technology designed to deliver ads based on phone conversations, said it will use the funding to expand its...
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 ratings on Leap Wireless, including its B- corporate credit rating, and removed the company from CreditWatch. The outlook...
Research In Motion Ltd. posted another strong quarter with an equally strong outlook, sending its stock up more than 11% after results were announced yesterday.RIM's revenue for the fiscal third quarter, ended Dec. 1, reached $1.67 billion, up 100% from the year-ago quarter. Net...
Qualcomm Inc. said its revenue in the fiscal first quarter would come in at the high end of previous guidance of $2.3 billion to $2.4 billion.The company said its forecast was based on chipset shipments at the high end of prior guidance, which forecast...
Danger Inc., the "software-as-service" company that enables data and Internet services to T-Mobile USA Inc.'s Sidekick devices, will pursue an initial public offering to pay down $7.2 million in debt and raise working capital, the company said. Danger did not disclose how much money...
Palm Inc.'s fiscal second-quarter results and its outlook for the next quarter, announced yesterday, took its stock down nearly 10%, to the lowest point in four years. The smartphone company reported a net loss of $9.6 million on modest revenue. The company's revenue reached...
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 AT&T to $54 from $50 after the carrier provided upbeat long-term guidance. Credit Suisse First Boston raised its...
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.--BelAir: Export Development Canada and Wellington Financial led a $17.5 million round of funding into BelAir Networks, which provides...
Palm Inc., which employs about 1,250 people, yesterday made job cuts of undisclosed magnitude, the company said."Palm is working to sharpen its focus and better align resources behind core initiatives that will make the greatest impact to our business," the company said in a...
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.--E-Band: Reliance Technology Ventures Ltd. led a $10 million Series B funding round into E-Band Communications Corp. Also participating...
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 Inc. after the company warned its second-quarter results will likely come in...
Palm Inc.'s stock plunged more than 16% after the company acknowledged that "a key product" failed to launch in the lucrative fourth quarter, that sales would badly miss its own estimates and that a financial loss loomed.The company's quarterly revenue is now expected in...
Motorola Inc. CFO Tom Meredith told a Lehman Brothers investor conference this morning that the company would meet its guidance for the fourth quarter, sending the handset maker's stock up more than 3% to $16.15 per share by midday.Meredith acknowledged that the recent news...
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.--Adomo: Menlo Ventures and Storm Ventures led a $15 million round of financing into Adomo Inc., which provides enterprise...
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 said it assigned it's A rating to AT&T Inc.'s proposed $2 billion of global notes due 2008 and $1...
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 a B- corporate credit rating to Virgin Mobile USA Inc. The outlook is stable. Lehman Brothers upgraded the...
In a presentation in New York, executives from infrastructure giant L.M. Ericsson said the company's fourth-quarter results likely will be "in the lower end of the range" the company had expected, news that sent Ericsson's stock down almost 6% in trading today to around...
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.--ComAbility: Stata Ventures and Vertex Venture Capital co-led a $6 million round of financing into ComAbility, which develops subscriber...
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 rating on Leap Wireless to equal weight from overweight and cut its price target on the company to $43 from...
Whether an element of schadenfreude-pleasure at another's misfortune-has played a role in Qualcomm Inc.'s depressed stock value, no one can say. But two analysts this week took a careful look at Qualcomm's future and upgraded their rating of its stock, which ticked up more...
MetroPCS Communications Inc. beat Wall Street's earnings expectations in spite of weak customer numbers, and the company's stock soared nearly 13% in early afternoon trading. MetroPCS' financial metrics were strong, with a 47% year-over-year increase in service revenue to $489 million. The company's total...
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.--Celltick: JVP and Amadeus invested $8.5 million into mobile marketing company Celltick Technologies. The company said the venture-capital funding...
