AT&T INC. ROLLED THROUGH the quarter with 2 million net customer additions, and most of them (1.2 million) were coveted retail postpaid customers-up more than 30% from retail postpaid gains during the same quarter of 2006.The nation's largest carrier also managed to cut its...
Shares of Openwave Systems Inc. continued to dissolve after the company posted quarterly revenue of $63 million, down 24% from the same period last year.The buffeted mobile software developer narrowed its quarterly net loss from $24.5 million in 2006 to $14.1 million this year,...
Motorola Inc. saw its net earnings fall by 94% for the third quarter-but Wall Street appeared to buy Chairman and CEO Ed Zander's message that the company is improving and will have a better fourth quarter, sending the company's stock up more than 4%....
EarthLink Inc. posted a third-quarter loss driven by restructuring costs and its investment in mobile virtual network operator Helio L.L.C., but promised that it was in the midst of a turnaround.EarthLink's loss for the quarter was $79.4 million on revenues of nearly $300 million....
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.--Melodeo: Ignition Partners and Voyager Capital led a $7.9 million preferred funding round into mobile music and media company...
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 raised its rating on Sprint Nextel to outperform from neutral and bumped its price target to $21 from $20, saying it...
AT&T Inc. reported a strong quarter, adding 2 million net new wireless subscribers to bring its subscriber base to 65.7 million.Of its net additions, 1.2 million were retail postpaid customers, up more than 30% from retail postpaid gains during the same quarter of 2006.AT&T...
Apple Inc. beat Wall Street's financial estimates and said that it sold more than 1.1 million iPhones during the quarter to bring its cumulative sales of the popular wireless device close to 1.4 million unit since it launched on June 29.This was the first...
A mixed third quarter is expected for the wireless industry, with weakness at Sprint Nextel Corp. contrasting with solid performances by AT&T Mobility and Verizon Wireless, according to a report from Cowen & Co.Cowen & Co. analyst Tom Watts said he expects AT&T Mobility...
NOKIA CORP. RODE A CONTINUING WAVE of worldwide consumer demand for handsets in the third quarter, posting impressive gains in revenue and profit and volume.The other top-tier, incumbent handset makers also posted healthy numbers for the quarter just over. Motorola Inc. reports Thursday."People are...
Mobile users are increasingly turning to Google Inc., but on-the-go searches remain dwarfed by PC queries, the Internet giant said in an earnings call yesterday.Google, which saw its quarterly net income soar 46% from the same period last year, saw increased traffic during...
Nokia Corp. inched toward its long-held goal of 40% global market share in the third quarter, shipped more phones than its three largest rivals combined and earned revenue and profit to match. With near-complete dominance over incumbent handset makers, Nokia is moving to address...
LG Electronics Co. Ltd. faces fierce competition in the United States, despite the handset maker's devotion to serving the carriers' needs, according to the vendor's latest financial results. The proportion of the handset maker's global shipments destined for the U.S. dropped in the third...
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 does not expect the FCC's upcoming wireless spectrum auction to affect the ratings of U.S. wireless carriers...
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.--Bluestreak: Iris Capital led a $20 million Series D financing round into Bluestreak Technology Inc., developer of the MachBlue...
L.M. Ericsson warned yesterday that third-quarter sales would total about $6.8 billion, with operating profit of $875 million, sending its shares down almost one-third. CEO Carl-Henric Svanberg said the company had "underestimated" the "market dynamics," which included fewer network upgrades and expansions by its...
Online wireless retailer InPhonic Inc. said that its third-quarter results will fall significantly below previous guidance, an announcement that coincides with the company's plans to consider business options including a possible sale.The company said it chose Lazard Middle Market to help it conduct a...
Samsung Electronics Co. Ltd. reported $2.39 billion in earnings for the third quarter, an increase of 1% from the same period last year, due largely to growth in its cellphone and chip-making businesses.The world's No. 2 handset manufacturer brought in $5.2 billion in sales...
Virgin Mobile USA L.L.C.'s stock began trading publicly as the company completed an initial public offering with share prices at the low end of its expected range. Virgin Mobile USA had planned to price its shares between $15 and $17 apiece; the shares were...
Sony Ericsson Mobile Communications earned $380 million in its most-recent quarter, reflecting the first results of its recent push on low and mid-tier priced devices. The handset manufacturer shipped 25.9 million devices, up 1 million from the previous quarter and an increase of more...
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.--Catalyst Mobile: Sofinnova Ventures led a $10 million Series B funding round into Catalyst Mobile, which provides next-generation mobile...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley cut its EPS estimate on Sprint Nextel to 82 cents for 2008 to reflect weak current operating results and WiMAX buildout costs....
MetroPCS Communications Inc.'s shares plunged more than 9% after the company released its preliminary subscriber results for the third quarter of 2007, reflecting a 42% drop in net additions year-over-year. The company had warned of a weak third quarter due to seasonality, but...
Shares of Research In Motion Ltd. rocketed after the company broke the 10-million subscriber mark and issued a positive outlook for the rest of the year.The BlackBerry maker reported second-quarter revenue of $1.37 billion, more than doubling revenue during the same period last year...
