Nokia Corp. reported strong financial and market share numbers for the second quarter, notching a two-point gain in global market share to hold 38% of the world market for mobile phones at the end of the quarter. The Finnish vendor's overall revenue reached $17.2...
Qwest Communications International Inc. reported another quarter of positive growth, with profits of $246 million that more than doubled compared with the second quarter of 2006. The company's wireless revenues dipped by about 2% year-over-year and average revenue per user fell slightly from $52...
Alltel Corp. reported a strong quarter in which it saw its best-ever figures in wireless service revenue and churn-but profits were down 54% from the previous year's second quarter due to 2006's inclusion of profits from the company's wireline division, which Alltel has since...
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 Communications to $45 from $43 after the company reported solid second-quarter results. R.W. Baird...
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.--3P Networks: 3P Networks Inc. and Quote Platform Syndicate Inc. signed an underwriting agreement that calls for 3P to...
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 and it suffered from troubles in its customer base due to credit-challenged prepaid customers.The...
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 it reported a net loss of almost $803 million."2007 is clearly a transition year...
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 amount of cached information on a handset. The technology allows carriers and other content...
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 7% from the year-ago quarter, on lower demand.Net income was $610 million, down from...
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 a customer base of almost 90,000 subscribers.The company reported that 81,000 of its customers...
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, but both the CEO and president preface their remarks to analysts by delivering nearly...
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 more nimble and responsive to market demands and opportunities-a change made from a position...
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 States. The IPO market has been stronger this year than in recent years, which...
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 net loss of $4.71 million on total revenue of $368 million, down from a...
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 of wide-area wireless for mobile computing has driven a remarkable business recovery, following our...
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 subscribers. The company provides iDEN wireless service in Latin American countries including Mexico, Brazil,...
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 than 2% to $7.20 per share.EarthLink recorded a loss of $16.3 million in the...
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 won and lost in various legal matters during the quarter. For its fiscal third-quarter...
The 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 company's earnings. By that time Apple expects to sell one million units between sales...
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 billion, down 7% from the year-ago quarter, on lower demand. Net income at the...
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, Advent Venture Partners and Google invested $25 million into Ubiquisys Ltd. during the company's...
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 Inc. to stable from negative and affirmed its ratings.--Standard & Poor's Ratings Services revised...
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 40% of whom were new customers for AT&T Mobility.That figure was far fewer than...
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 expanding its wireless distribution and supply chain operations globally.Separately, Los Angeles-based Platinum Equity is...
