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 price target on Verizon …
Quarterly Earnings
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Venture capital financing wrap-up: 3P Networks, Action Engine, Aerohive and more
by jscarboby jscarboThe 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.–3P Networks: 3P Networks Inc. …
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SunCom Wireless Inc. posted shaky results for the second quarter. The rural carrier showed improvements in its average revenue per user, but its churn rate was up, its losses increased …
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Alcatel-Lucent reported $5.93 billion in revenues for the second quarter of 2007, marking a 4% decline from the year-ago quarter. The company’s stock slid more than 11% on news that …
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On-device portal developer Action Engine Corp. picked up $20 million in a funding round led by Baker Capital. On-device portals, or ODPs, are middleware applications that can store a limited …
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Embarq Corp., the spinoff company encompassing Sprint Nextel Corp.’s wireline operations, continued to see a decline in access lines but added 18,000 new wireless subscribers during the quarter to reach …
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Great results are great, except if you can’t count on repeating them.Thus when a company posts big jumps in revenue, profit and unit shipments and raises guidance for the year, …
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Nokia Corp. has time on its side.With its closest competitor receding in the rear-view mirror, Nokia said during the second quarter that it would realign its business structure to become …
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WITH VIRGIN MOBILE USA L.L.C. SEEKING A $500 MILLION INITIAL PUBLIC OFFERING, the company is looking to complete the first IPO of a mobile virtual network operator in the United …
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Texas Instruments Inc. said that lower demand across its product lines and a year-ago windfall produced a drop in profits in the second quarter.TI earned revenue of $3.42 billion, down …
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Shares of VeriSign Inc. dipped after the company posted a decline in second-quarter revenues and issued weak guidance for the coming quarter.The Mountain View, Calif.-based digital infrastructure company reported a …
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Sierra Wireless Inc., the maker of wireless PC cards, posted strong revenue and earnings yesterday on robust demand for its products, the company said. “Intense focus on our core business …
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NII Holdings Inc., the international operations of the former Nextel Communications Inc., reported a record quarter for subscriber additions and operating revenues, and pushed its customer base past 4 million …
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Mobile virtual network operator Helio L.L.C. continued to drag at parent EarthLink Inc. as both firms reported a loss for the second quarter. The news sent EarthLink’s stock down more …
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Qualcomm Inc. can chew gum while swatting at nemeses who hover over its business model, if yesterday’s financial results are any indication. But the chip vendor acknowledged that it had …
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UPDATED: iPhone to launch in Europe by December: Apple testing wireless corporate e-mail
by jscarboby jscarboThe iPhone will be launched in “a few major countries” in Europe before the end of December, Apple Inc. executives said this afternoon during a conference call to discuss the …
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Texas Instruments Inc. said that lower demand across its product lines and a year-ago windfall produced a precipitous drop in profits in the second quarter. TI earned revenue of $3.42 …
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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.–Ubiquisys: Accel Partners, Atlas Venture, …
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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 revised its outlook on AT&T …
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AT&T Inc. reported a strong quarter and said its mobile division activated 146,000 Apple Inc. iPhone customers in the first day and a half of the device’s release, more than …
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The mantra of OPM-other people’s money-is alive and well in wireless.The latest private-equity investments, announced last week, include New York-based Lindsay Goldberg’s $283 million stake in Brightstar Corp., which is …
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VeriSign Inc.’s CFO, Dana Evan, has resigned, another apparent casualty of the company’s internal examination of its stock-option practices.Evan will be succeeded by Bert Clement, the company’s controller. Stratton Sclavos, …
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Mobile payment startup Obopay padded its bank account, hauling in $29 million in a third round of funding.Richmond Management L.L.C. affiliate Richmond Global Cellular led the round and existing investors …
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Sony Ericsson Mobile Communications grew by between one-third and one-half in the three key metrics for the second quarter, posting huge jumps in revenue, profit and volume shipments. The results …
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Moto’s Q2 warning: Dismal sales, earnings and unit volumes: Supply chain chief to head mobile devices
by jscarboby jscarboMotorola Inc. warned investors that its sales, earnings and unit shipments would all fall below previous guidance. The company also announced that Stu Reed, current head of the vendor’s supply …