A $2.25 billion global settlement reached between Nortel Networks Ltd. and its shareholders was given final approval in federal court this week. The parties reached the agreement earlier this year to settle a pair of shareholder lawsuits filed after the company revised its financial...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Lehman Brothers raised its estimates on Dobson Communications on the potential the company will seek strategic alternatives in advance of the upcoming 700 MHz...
Wireless publisher Glu Mobile Inc. hopes to raise as much as $92 million with a long-awaited initial public offering, according to documents filed with the U.S. Securities and Exchange Commission.The firm looks to become the second pure-play mobile game maker to go public, following...
Palm Inc.'s stock remained relatively unchanged after the Treo maker reported revenues of $392.9 million in its second quarter, results due in large part to the company's sale of 617,000 Treo smart phones during the period."We are pleased to report strong Treo sell-through this...
Visto Corp. claimed victory against rival mobile e-mail service provider Seven Networks Inc. after a U.S. District Court doubled the damages from an earlier ruling.The Redwood City, Calif.-based developer said it was awarded $7.7 million by the U.S. District Court for the Eastern District...
Christmas came a little early for Nortel Networks Ltd. in the form of a $2 billion contract from Verizon Wireless for CDMA equipment and related services as the carrier beefs up its network capacity and footprint in the face of increasing data and video...
KIRKLAND, Wash.-Clearwire Corp. is again looking at an initial public offering, according to documents filed with the Securities and Exchange Commission. The wireless broadband company had filed paperwork for a $400 million IPO with the SEC in May, shortly before Clearwire received a combined...
ZTE USA Inc. signed a contract to supply ClearTalk Wireless with its all-IP CDMA2000 platform for third-generation voice, data and multimedia services.ClearTalk said it plans to offer 3G services in select markets within the five states where the company operates wireless networks. To date,...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors CIBC World Markets lowered its price target on Motorola Inc. to $26 from $28 based on concerns about ASPs and...
Financiers continue to flood the white-hot-and increasingly litigious-mobile e-mail space. Specifically, white-label wireless e-mail provider Seven Networks Inc. snared $42 million in an oversubscribed round of funding. The company said undisclosed new investors joined existing backers, which include Amadeus Capital Partners Ltd., Greyloack, Ignition...
NEW YORK-Scanbuy Inc., which provides a barcode scanning service, announced it garnered new financing and scored a new chief executive officer.The company completed a $9 million, second round of financing led by Longworth Venture Partners, Masthead Venture Partners and Hudson Venture Partners. Scanbuy said...
DALLAS-A slowdown in wireless chip sales forced Texas Instruments Inc. to trim its fourth-quarter revenue outlook from between $3.46 billion and $3.75 billion to between $3.35 billion and $3.5 billion The company said semiconductor revenues are expected in the range of $3.28 billion and...
ASHBURN, Va.-WiMAX provider DigitalBridge Communications Corp. announced new financing, news that coincided with the company's acquisition of two regional providers of wireless cable and Internet services. The company said it raised more than $11 million in its first round of venture financing, along with...
First OFDMA and now MIMO. Qualcomm Inc.'s acquisition of Airgo Networks and its Multiple-Input, Multiple-Out technology, as well as the company's previous purchase of Flarion Technologies Inc., position Qualcomm to play big in future wireless broadband.The behemoth San Diego-based chipmaker last week announced it...
Qualcomm Inc. plans to profit from in-house Bluetooth intellectual property to drive down the cost, power consumption and footprint of chip-based functionality in mobile handsets and consumer electronic devices, the company said last week in the wake of its acquisition of much of RF...
Wireless entrepreneurs looking to scrape up venture capital would do well to recall a college radio hit from a few years ago: it's all about chemistry.There's been no shortage of investment cash in wireless lately. More than 40 mobile players raked in a total...
Sprint Nextel Corp. expects to see substantial improvement in its churn performance in the second half of next year, and the focus on its core operations means that its previous fascination with rolling up its affiliates is now far from the top of the...
SAN DIEGO-NextWave Wireless L.L.C. plans to redeem $148.5 million of non-recourse secured notes that were issued in April 2005 by former equity holders NextWave Telecom Inc. as part of NextWave's reorganization.The notes will be redeemed at more than 103.5 percent of their face value...
CAMPBELL, Calif.-Mobile software developer Atrua Technologies Inc. snared $9 million in its fourth round of funding.BlueRun Ventures led the round, and Atrua welcomed new backers including Chian's Hua Hong Group and Korea's Mosen Company Ltd. Existing investors Ericsson Venture Partners, Neocarta Ventures and Osprey...
KING OF PRUSSIA, Pa.-Wireless technology developer InterDigital Communications Corp. announced that it expects to post between $62 and $63 million in fourth-quarter revenue, much lower than Wall Street's forecast of more than $100 million in sales. The company blamed its lackluster earnings mostly on...
REDWOOD CITY, Calif.-Shares of Openwave Systems Inc. surged after the company said it will record additional stock-option expenses of roughly $182 million following an internal review of the fiscal years 2000 to 2005. The mobile software developer said that while it found discrepancies in...
MOUNTAIN VIEW, Calif.-NextHop Technologies Inc., which makes software for wired and wireless local area networks, announced it scored $4.8 million in its third round of venture financing. The company said it would use the money to "accelerate NextHop's product vision and expand sales channels...
BOSTON-American Tower Corp. posted third-quarter profits of $3.5 million, a swift turnaround from the same period a year earlier when the company reported net losses of $22.1 million. Revenues rose from $265 million to $333 million year-over-year. In the midst of its stock-option granting...
MONTREAL-Oz hopes to increase its presence on the mobile messaging playground after raking in $34 million in a second round of funding. Canadian institutional fund Caisse de depot et placement du Quebec led the round, and VantagePoint Venture Partners and Fonds de Solidarite also...
