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 price target on Leap Wireless International to $94 from $73 due to increased subscriber growth and ARPU expansion. Credit Suisse...
U.S. Cellular Corp. reported a sizeable increase in revenues in preliminary financial results for the first quarter of 2007, marking a steady increase in cash from operations over the same period a year ago.Operating revenues for the quarter are expected to reach $925 million...
Brightpoint Inc., the mobile handset distributor that's rapidly becoming "a global powerhouse," according to one analyst, posted solid sales for the first quarter of the year, but earnings and gross margins took a hit. The company said revenue for the quarter was $641.6 million,...
Synchronica plc announced it received $6.9 million in funding. The company, which specializes in data synchronization, device management and over-the-air updating services, said it plans to use the new funding to increase sales through a more streamlined handling of potential customers and to increase...
Intercasting Corp. announced that it raised $12 million in a second round of funding. The San Diego-based company said it will use the money to expand on carrier-based distribution and partners for its mobile social networking application, Rabble, and its social networking service gateway,...
Tower vendor SBA Communications Corp. reported a wider net loss for the first quarter while revenues improved.The company reported total revenues of $95.8 million, up 39.2% from revenues of $68.8 million during the same period last year. SBA said its net loss increased from...
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, said it pocketed $10 million in a first round of funding led by Accel...
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 increased 10% year-over-year to $352.5 million, with net income of $22.2 million."Wireless communications continue...
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 for the quarter hit $2 billion as net income reached $225 million, a 34%...
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 the MVNO segment of the wireless market in the United States in general and...
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 all other classes of stock into common stock. Shares of the company began trading...
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 from underperform and raised its price target to $9 from $7.50 after the carrier...
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 revenues reached $2.48 billion, which represents a 4% increase from the same period last...
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 10% on the news.The communications systems and products manufacturer blamed its loss on the...
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 2% after the news to around $11.67 per share.Glu reported revenue of $15.7 million...
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 appointed David Drinkwater to serve as CFO on an interim basis following Peter Currie's...
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 recent quarter, up dramatically from a net income of $8.4 million in the year-ago...
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 back-end support for companies, schools, charities and other organizations looking to deploy their own...
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 tap the user-generated content market with JuiceCaster, a cross-platform offering that allows users to...
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 about Sprint Nextel's operational challenges and loss of market share to its wireless rivals....
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 revenues increased 11.9 percent to $84.4 million for the first quarter from revenues of...
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 Helio L.L.C. The company reported a net income of $16.4 million in the same...
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 use the cash to expand on its mobile and online entertainment services for both...
The 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 the carrier reported strong EPS for the first quarter. New estimates are $2.85 rather than...
