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.--Juma: Vision Opportunity Master Fund Ltd. invested $5 million in Juma Technology Corp.'s initial funding round. The company...
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.Earlier this year Leap's stock had been steadily gaining value, and was trading as high as $99 per...
An exhaustive internal review of Wireless Facilities Inc.'s stock option-granting and pricing practices from 1998 to 2005 concluded that the company will owe between $30 million and $40 million due to improprieties during that eight-year span.More than 40 million pages of electronic and hard...
THE FINANCIAL MARKETS HAVE BEEN JITTERY in recent weeks, absorbing the fallout from the extension of easy credit to both individuals and corporations. Now, the backlash is likely to find lenders more closely scrutinizing business plans, mergers and company strategies to reduce their risks-and...
Clearwire Corp. said it completed the process for a $1 billion secured term loan to refinance existing debt and support expansion plans. The Kirkland, Wash.-based company, which was founded in late 2003 by wireless industry veteran Craig McCaw, has been winning some major deals...
Wireless and telecom reseller TelePlus World Corp. reported weaker second quarter results, which the company said were due to switching back-office providers and the backlash from acquiring mobile virtual network operator Liberty Wireless. TelePlus, which operates in the U.S. and Canada, earned second quarter...
NextWave Wireless Inc. lost more than $59.5 million during the second quarter, primarily due to an increase in operating expenses related to the expansion of its research and development teams and related support organizations, it reported in financial results.The loss, which nearly doubled from...
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 price target on Leap Wireless International to $90 from $95 after the carrier offered weaker-than-expected guidance for the...
InterDigital Inc. announced that it expects to pull in between $53.5 million and $54.5 million in revenues during the third quarter of 2007, which would fall at least $1 million short of analysts' forecasts. The news prompted the company's shares to drop more than...
Though diminishing in count, regional wireless operators continued to report firm financial results highlighting continued opportunities outside the urban corridors.U.S. CellularU.S. Cellular Corp. reported $971.6 million in total revenues for the second quarter, a nearly 15% increase compared with the $846.1 million the carrier...
GreatCall Inc. finally found some well-heeled backers for its Jitterbug service.The Del Mar, Calif.-based startup said it pocketed $36.6 million in funding from Charles River Ventures, Nauta Partners and Steelpointe Capital Partners. Jitterbug, a mobile virtual network operator using Sprint Nextel Corp.'s network, targets...
In the second quarter, Brightpoint Inc., racked up a 55% jump in revenues and doubled its net income over the year-ago quarter, but its stock traded down on the distributor's warning that future earnings could be impacted by customer consolidation in North America. The...
Dobson Communications Corp., which recently announced plans to be acquired by AT&T Inc., posted a 15% jump in second-quarter revenues from $312.1 million in 2006 to $360.2 million this year. Net income also improved from a loss of $8.4 million in 2006, a loss...
Sprint Nextel Corp. continued to show signs of turning around its customer growth challenges, saying it added 400,000 subscribers during the second quarter. While the results pale in comparison to its larger competitors AT&T Mobility and Verizon Wireless, both of which added in excess...
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.--Berggi: Avanzit invested $1 million in mobile messaging services company Berggi as part of a strategic partnership between the...
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 raised its EPS estimate on Alltel to $2.84 from $2.80 after the company reported solid second-quarter results. Lehman Brothers raised its estimates on...
U.S. Cellular Corp. reported $971.6 million in total revenues for the second quarter, a nearly 15% increase compared with the $846.1 million the carrier posted during the same quarter last year. Net income nearly tripled from $50 million last year, a return of 57...
Fresh off the heels of a major deal with Sprint-Nextel Corp. to collaborate on the construction and operation a nationwide mobile WiMAX network, Clearwire Corp. reported a $70.2 million loss in the second quarter, due primarily to its continued investment in the construction and...
MetroPCS Communications Inc. reported a quarter of strong growth following its debut on the public market, as the company's net income jumped and it added 155,000 subscribers. The flat-rate provider's total revenues were up 50% year-over-year to $551 million, and its net income increased...
Canadian telecom provider Telus Corp. reported Q2revenues were up 4% year-over-year due to growth in wireless and data, but that its earnings for the second quarter were impacted by the advent of wireless number portability in Canada as well as the bankruptcy of Amp'd...
Shares of Openwave Systems Inc. jumped after the mobile software developer reported mixed quarterly results and shuffled its front office.The Redwood City, Calif.-based outfit posted a net loss of $92 million, marking a dramatic downturn from a quarterly loss of $5 million last year....
Sprint Nextel Corp. affiliate iPCS Inc. reported a wider net loss for the second quarter of 2007, although its net additions nearly doubled year-over-year and it managed to trim customer churn. IPCS, which serves primarily Midwestern states, had revenues of $133 million, up from...
Shares of Electronic Arts Inc. surged while Glu Mobile Inc.'s stock tumbled after both companies issued quarterly earnings reports.EA, which continues to dominate the mobile gaming space, managed to exceed Wall Street's expectations despite a net loss of $132 million for the quarter. The...
Nortel Networks Ltd. reported $2.56 billion in revenue during the second quarter of 2007, marking a $37 million loss and an 8% decrease from the year-ago period; however the financials still came in ahead of market expectations. A UBS report highlighted Nortel's gross margin...
