WiMAX equipment maker Aperto Networks said it raised $19 million in follow-on series E financing.The company said its total capitalization now stands at $139 million. Aperto said it plans to use the new funding to expand its WiMAX product line and accelerate worldwide deployments.The...
Comverse Technology Inc. and its spinoff Verint said they will be delisted from the Nasdaq exchange after failing to meet financial reporting requirements.Comverse, which develops voicemail software and other communications technology, has become delinquent in its filings as it investigates past stock-option grants. The...
Texas Instruments Inc. last week reported modest gains in the fourth quarter-revenue up 4 percent, profit up 2 percent from the year-ago quarter-but said it will cut 500 jobs to reduce costs as it hunkers down for a period of weak demand by the...
Cingular Wireless L.L.C.'s last quarter before being absorbed by parent company AT&T Inc. resulted in a company-record 2.4 million net customer additions, up from 1.8 million net adds a year ago and beating analysts' expectations. "Our last quarter as a joint venture under the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarrierMorgan Stanley raised its industry view on the telecom services business to in-line from cautious based partially on positive expectations for AT&T. The company increased...
Openwave Systems Inc., which makes Internet browsers for cellphones as well as software for carriers, reported a 20-percent drop in revenue during its most recent quarter.In the year-ago period, Openwave reported a net income of $8.4 million, or 11 cents a share, but the...
Qualcomm Inc.'s shares jumped briefly after the company reported increases in both its net income and revenues during its first fiscal quarter of 2007, but its stock price quickly dropped down to a steady $38.46 per share after the news.Analysts largely hailed the company's...
Yahoo Inc. is hoping a new online advertising system and an increased presence in wireless can help it close the widening gap between it and rival Google Inc.The Sunnyvale, Calif.-based company beat analysts' quarterly expectations for the first time in more than a year,...
Infrastructure company Tellabs reported that its revenues were down for the fourth quarter but up overall for the full-year 2006. The company's troubled fourth quarter saw falling revenues in its broadband and transport categories in particular."While our fourth-quarter results reflected temporary uncertainty around carrier...
Alcatel-Lucent, one of the world's leading network suppliers, warned that its fourth-quarter revenues will come in below expectations, news that sent investors scurrying away from the company's shares. Alcatel-Lucent's stock fell more than 8 percent after the company's warning to around $13 per share.Alcatel-Lucent,...
Openwave Systems Inc.'s proxy battle continued after the company failed to reach a settlement with its second-largest shareholder.The wireless software developer said Harbinger Capital Partners rejected an offer that included a three-year board appointment for a Harbinger nominee in exchange for the shareholder dropping...
Mobidia Inc., a Canadian mobile service management company, has received a fresh infusion of $3.2 million from DBC Venture Capital, bringing the company's total funding to around $6 million.Mobidia said its "wave" products give wireless carriers and content providers the ability to change quality...
Buffeted in its attempt to both lead in design and chase market share, Motorola Inc. announced it will cut five percent of its workforce to reduce overhead. But the company said it does not plan to change its basic strategy. Wall Street appeared to...
Tessco Technologies Inc. announced increasing revenues and profits in its most recent quarter, news that helped push the company's stock up almost 5 percent to $22.46 per share."I am pleased to announce our 11th consecutive quarter of sequential commercial revenue growth," said company chief...
Mobile content vendor Player X announced it scored $9.8 million in its second round of venture funding. New investors Nordic Venture Partners and Long Acre Partners participated in the round, as well as the company's initial investor Arts Alliance."This is great news for the...
Openwave Systems Inc. said it has yet to reach a settlement in its proxy contest with Harbinger Capital Partners.The mobile software developer said Monday it extended a board seat to James Zucco, one of two director nominees proposed by dissident Harbinger, the company's second-largest...
Mobile marketing startup Millenial Media emerged from stealth mode with $6.3 million in its wallet.Bessemer Venture Partners, Columbia Capital and Acta Wireless participated in the first round of funding for Millenial Media, which was founded by former Verizon Wireless executive Paul Palmieri. The company...
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 adjusted its estimates on AT&T Corp. to reflect the integration of BellSouth Corp. and Cingular Wireless. The company said it...
Embedded security developer Discretix pocketed $20 million in a third round of financing.New investor Sequoia Capital participated in the round, joining backers Accel Partners, Pitango Venture Capital, Genesis Partners, SFK, Poalim Ventures and Eurocom Group. The 7-year-old company said it will use the cash...
Sprint Nextel Corp.'s trouble in holding onto its postpaid iDEN subscribers continued during the fourth quarter as the company announced weak fourth quarter customer metrics and said that network and business investments would likely affect its financial performance in 2007. The carrier also plans...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier RW Baird discontinued coverage on BellSouth Corp. after the company completed its merger with AT&T Corp.Handset and infrastructure vendorsRBC Capital Markets raised its price...
Openwave Systems Inc. said it expects to report revenues of between $83 million and $84 million for its fiscal second quarter, which ended Dec. 31., a number that falls short of analyst estimates of $88.8 million.The company said it recorded bookings of about $120...
Regional, flat-rate carrier MetroPCS Communications Inc. filed for a $1.1 billion initial public offering, and plans to use the money to expand into new markets where it recently won spectrum licenses.MetroPCS' filing did not disclose how many shares the company plans to offer or...
InterDigital Communications Corp. increased its share repurchase program from $200 million to $350 million.The wireless technology provider said its board voted for the move due to "strong positive cash flow" in 2006 and the anticipation of "high levels of free cash" next year. The...
