Investment capital continued to flow into the mobile social networking space as two new startups closed their first rounds of funding.Project Goth, which operates the “global mobile Internet community” mig33, …
Quarterly Earnings
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American Tower Corp., one of the big three in the wireless tower industry, showed positive growth in its financial results for the first quarter of 2007. The company’s total revenue …
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As it continues to be the target of rumors of an acquisition by one of its larger competitors, Alltel Corp. enthusiastically reported double-digit revenue growth during the first quarter. Revenues …
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Virgin Mobile USA Inc., the first mobile virtual network operator to launch in the United States, filed for an initial public offering in a move that signals the maturation of …
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New Motion Inc. completed its reverse stock split and adopted a new ticker symbol.The mobile entertainment company put the wraps on a 1-for-300 reverse split of common stock and converted …
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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 –Credit Suisse First Boston upgraded Qwest Communications International to neutral …
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After a flurry of discouraging news in recent months, Nortel Networks Ltd. released brighter financial results for the first quarter and better expectations for the remainder of the year. First-quarter …
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Despite a $2 million net loss in its most recent quarter, Andrew Corp. announced steady growth in sales. The news appeared to please investors, which sent the company’s stock up …
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Mobile games publisher Glu Mobile Inc. reported improvements in both revenues and earnings for the first quarter, news that appeared to please the company’s investors. Glu’s stock was up almost …
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After a flurry of discouraging news in recent months, Nortel Networks Ltd. released brighter financial expectations for the first quarter and remainder of the year. The company also announced it …
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RadioShack Corp. appears to have pulled out of its tailspin, reporting a five-fold increase in net income in the first quarter.The retail chain said it netted $42.5 million in the …
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Sonopia Inc. pocketed $12.7 million in a second round of funding led by Cardinal Venture Capital.The Silicon Valley startup serves as a kind of customizable mobile virtual network operator, providing …
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Juice Wireless hauled in $2.3 million from Qualcomm Inc. and 21 Ventures as part of a second funding round, according to a Juice representative.The New York-based startup is hoping to …
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Prudential Equity Group downgraded Sprint Nextel Corp. ahead of the carrier’s quarterly earnings, and cut the company’s target stock price from $17 to $16, according to news reports.Prudential cited concerns …
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Syniverse Holdings Inc. said its revenues and profit grew during the first quarter, news that sent the company’s stock skyrocketing by 20 percent to $12.38 per share.The company said its …
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Internet service provider Earthlink Inc. announced a net loss of $30 million for the first quarter of 2007, including a $29.3 million loss on its mobile virtual network operator endeavor …
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Mobile marketing startup Limbo 41414 pocketed $8 million in a financing round led by Azure Capital Partners, Draper Fisher Jurvetson and New Enterprise Associates.The Burlingame, Calif.-based firm said it will …
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Financial ratings wrap-up: AT&T, United States Cellular Corp., Texas Instruments and more
by jscarboby jscarboThe following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Carrier Prudential Equity Group raised its estimates on AT&T after …
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Tellabs Inc. said its first-quarter net profit plummeted 51 percent and revenues fell 12 percent as the company suffered decreased sales of its broadband and access products.The Naperville, Ill.-based equipment …
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Although Alcatel-Lucent warned of lower revenues and an operating loss for the first quarter, it appears that investors had expected worse as the company’s stock rose more than 5 percent …
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Texas Instruments Inc. reported revenue of $3.2 billion and net profit of $516 million, down 4 percent and nearly 12 percent, respectively, over the year-ago quarter. The chip vendor said …
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Clearwire Corp. unveiled a handful of operating results for the first quarter, claiming “record subscriber growth” of more than 25 percent from its year-end 2006 customer levels. Clearwire said that …
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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 Lehman Bros. raised its price target on Leap Wireless …
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Convergence networking technology company Mavenir Systems Inc. said it snared $20.5 million in a second round of funding.New investor Alloy Ventures led the round, and existing backers Austin Ventures and …
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Clearwire Corp. unveiled a handful of operating results for the first quarter, claiming “record subscriber growth” of more than 25 percent from its year-end 2006 customer levels. Clearwire said that …