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 price target on Embarq Corp. to $55 from $59, saying it expects the company's stock to underperform relative to the broader...
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.--Myxer: Harris Preston & Partners led a $6.5 million equity financing into Myxer. Also participating were Morganthau Venture Partners...
Palm Inc. is down, but not out. The smartphone maker has struggled to develop a new operating system, bring relevant devices to market and seen its market share plunge-and just posted a loss of $841,000 for its first fiscal quarter, which ended Aug. 31....
TODAY BEGINS THE FOURTH QUARTER-the crazy, blow-out-the-pipes holiday season for most retailers, including those in the wireless industry. Financial numbers for the past three months are due soon.The numbers, of course, may answer some questions about how well companies delivered the goods in the...
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 upgraded Telephone & Data Systems to equal weight from underweight on better visibility due to relaxed deadlines for the company's SEC filings...
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.--Apprion: Anvil Investment Associates L.P. led a $12 million Series B round of funding into Apprion, which develops optimization...
Virgin Mobile USA Inc. again adjusted the price of its proposed initial public offering, and outlined the financial details of the plan.According to documents filed with the Securities and Exchange Commission, Virgin Mobile plans to offer 27.5 million shares for between $15 and $17...
Qualcomm Inc. is the little engine that could, if such an analogy isn't out of line for a multi-billion dollar company. The San Diego-based chip-making and IP-licensing firm today raised its financial guidance for the fourth fiscal quarter and the full fiscal year.Qualcomm now...
Editor's Note: Welcome to Reality Check, a feature for RCR Wireless News' new weekly e-mail service, Mobile Content and Culture. We've gathered a group of visionaries and veterans in the mobile content industry to give their insights into the marketplace. In the coming weeks...
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.--CloudShield: Tektronix Inc. participated in a $15 million investment into CloudShield Technologies Inc, an IP services provider. CloudShield said...
Alcatel-Lucent shares tumbled almost 9% after the company announced a revised financial outlook for the remainder of 2007, marking its third warning to investors since the beginning of the year. The company now expects its full-year 2007 revenue growth to be "flat to slightly...
Vantrix Corp., a provider of technology that delivers content to cellphones, announced it raised $12 million in venture money.The Manhattan-based company will use the money to expand globally and improve its technology as well as for research and development. Media companies and wireless carriers...
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 raised its EPS estimates on AT&T Inc. on a strong outlook for wireless data revenues. New estimates for 2008 are $3.16 up...
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.--BiTMICRO: Woodside Investments L.P. led a $9.3 million Series F funding round into BiTMICRO Networks. The company said it...
The 432,000 members of Utah-based America First Credit Union soon will be able to access mobile banking and payment services via their AT&T Mobility or Verizon Wireless mobile phones.America First selected Firethorn Holdings L.L.C. and CheckFree Corp. for its mobile banking and payments service,...
Mobile advertising startup Quattro Wireless pocketed $12.3 million in a second round of financing from Globespan Capital Partners and Highland Capital Partners.The Waltham, Mass.-based company said it will use the cash to launch GetMobile, a self-service wireless advertising platform for advertisers and publishers. Highland...
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.--D2C Games: Rubicon Venture Partners and 755 Capital Partners invested $6 million in D2C Games during the company's Series...
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 adjusted its third- and fourth-quarter estimates on MetroPCS Communications Inc. to reflect a delay in the launch of the company's Los Angeles...
EarthLink Inc. has fired 900 employees and closed offices in Orlando, Fla.; Knoxville, Tenn.; Harrisburg, Pa.; and San Francisco. The company said it will also substantially reduce its presence in Pasadena, Calif., and Atlanta. Billed as a "corporate restructuring," the company expects to pay...
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 assigned it's A rating to AT&T Inc.'s $2 billion of global notes due 2037 and affirmed the company's other ratings, including...
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.--Bluepulse: VantagePoint Venture Partners invested $6 million into mobile social networking company Bluepulse--MocoSpace: General Catalyst Partners led a $3...
FLAT-RATE WIRELESS carriers serving the sub-prime sector have seen their stocks plunge in recent weeks, reflecting fears about sub-prime customers who could affect the carriers' financial results.The financial markets have been rattled by fears about the extent to which the floundering sub-prime mortgage market...
Despite the tumultuous nature of the business, it appears the mobile virtual network operator market hasn't lost the interest of private equity and venture capitalists. Movida Communications Inc. announced that it received $40 million in financing from a group of new and existing investors.The...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --McAdams Wright Ragen initiated coverage on Clearwire Corp. with a buy rating and a $28 price target.--Lehman Bros. lowered its price target on Leap...
