Starent Networks Corp. filed plans for an initial public offering. The company hopes to raise $115 million, according to reports.The infrastructure software developer said the number of shares to be sold and the price range for the proposed IPO has not been determined. Goldman,...
Infrastructure equipment maker ADC Telecommunications Inc. announced it increased earnings by 9 percent in the past quarter from the same quarter a year ago, but was also forced to restate its earnings for the fiscal year ending Oct. 31, 2006, to include a $6.7...
Rural Cellular Corp. posted mixed results as its losses widened, but it made major improvements in churn and customer gains.The Minnesota-based regional carrier reported a net loss of $53.6 million for the fourth quarter of 2006, more than double the loss of $21.8 million...
Research in Motion Ltd. has announced that it will adjust its earnings by $250 million due to the results of an internal review of its stock-option grants, and that several corporate officers will change positions as a result of the review.In September, RIM announced...
Mobile marketing startup Mozes Inc. picked up $5 million in a first round of funding from Norwest Venture Partners and North Bridge Venture Partners.Mozes' service, which is in beta testing, allows brands and other potential advertisers to build targeted, interactive mobile marketing campaigns through...
Leap Wireless International Inc. plans to offer CDMA2000 1x EV-DO service in its markets by the end of 2007, and expects to introduce new prepaid products in the second quarter. Company executives outlined those plans during a conference call with analysts after 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 Credit Suisse First Boston lowered its 2007 EPS estimate on Sprint Nextel Corp. to 82 cents from 86 cents after the company reported fourth-quarter...
T-Mobile USA Inc. again proved to be the biggest wireless growth engine for its parent company, Deutsche Telekom AG, despite a significant year-over-year drop in its net number of new customers. T-Mobile USA reported 901,000 net subscriber additions during the fourth quarter, down from...
In less than a month Nortel Networks Ltd. has lost its chief financial officer, paid out $2.4 billion in cash and stock to settle shareholder lawsuits stemming from accounting errors, announced it will be cutting 9 percent of its workforce, and now is delaying...
Leap Wireless International Inc. reported a net loss for the fourth quarter and full year 2006, while revenues increased. The carrier added a total of 260,000 customers during the fourth quarter, news that helped send Leap's stock up by almost 10 percent to $67.80...
Sprint Nextel Corp. confirmed its dismal fourth quarter customer numbers with the release of its full financials, but reported a silver lining of a 32-percent increase in profits for the quarter.The carrier's stock was up around 5 percent after the news to $19.41 per...
NII Holdings Inc., which provides iDEN-based wireless service for business customers in Latin America, added a record 934,300 net subscribers to its network last year, a 49-percent increase over its results for 2005-and predicted it will do even better in 2007, projecting customer additions...
Kineto Wireless Inc., a supplier of unlicensed mobile access technology, has received $10 million in its latest round of investor funding. InterDigital Communications Corp. led the pack with an investment of $5 million while Kineto's existing investors supplied the remaining financing."We are pleased to...
SunCom Wireless Holdings Inc. boosted its average revenue per user, cut operating costs and gained subscribers during the fourth quarter of 2006, but still posted an overall loss for the period. However, the net loss of about $39 million was much less than the...
RadioShack Corp.'s stock stood out this morning as it shot up nearly 15 percent to $26.24, well above its 52-week high, on news that the electronics retailer's profits in the fourth quarter jumped 64 percent to $84.5 million after cost-cutting measures took effect.Revenue, however,...
Mobile content company Motricity Inc. once again added to its bank account, raking in $50 million in equity funding from controversial investor Carl Icahn.Motricity, which provides and delivers mobile content for carriers and media companies, named Icahn's son Brett to its board of directors...
U.S. Cellular Corp. moved closer to catching up with its financial reporting, providing third-quarter 2006 results and selected data from its fourth-quarter 2006 operations. The company has been going through a series of financial restatements that have delayed the reporting of its quarterly results.U.S....
Want to invest like Verizon? Like any smart investor, Verizon Communications Inc. has its pension fund invested in a diverse array of stocks, from the Cheesecake Factory to Northrop Grumman Corp. The company's $40-plus billion pension portfolio includes hundreds of companies. The Verizon Investment...
The next couple of quarters will be rocky, Motorola Inc.'s CFO told investors and analysts at last week's Bank of America's 2007 Technology Conference in New York. David Devonshire, Motorola's CFO, used the term three times until an unidentified analyst asked him to clarify...
Mobile capital expenditures fell at the close of 2006, while wireline spending increased, bucking the traditional trend of wireless spending outpacing spending on wireline networks.Research firm Ovum-RHK found North American wireline operators increased capital spending by 8 percent to $7.9 billion during the fourth...
Visto Corp. added to its already impressive coffers earlier this month, raising another $35 million in what the mobile e-mail service provider said is its final round of funding. But this time it's the investor-not the amount of cash-that's raising eyebrows.The Redwood City, Calif.-based...
Standard & Poor's Ratings Services said it put Alltel Corp.'s credit rating on CreditWatch with "negative implications." The move follows comments from Alltel executives about the company considering various "strategic alternatives," financial language that usually means the company is actively seeking buyers."Given that Alltel...
Online wireless retailer InPhonic Inc. said its fourth-quarter loss narrowed on increased revenues.The company reported revenue of $120.3 million for the quarter, up from $85.2 million for the same period in 2005. Revenues were in-line with average analyst estimates of $120.7 million. For the...
Tower company SBA Communications Corp. reported improvements in both revenues and net loss for the fourth quarter.The company reported total revenues for the quarter of $96.8 million, up 33.6 percent from $72.4 million during the same period last year. Analysts had predicted revenues of...
