SAN FRANCISCO—AirPlay said it secured $14 million in its second round of venture financing. Qualcomm Inc., Motorola Inc., JK&B Capital, Onset Ventures and Redpoint Ventures participated in the funding round. JK&B led the round, and Ali Shadman, a general partner at the firm, joined...
WALL, N.J.—U.S. and Caribbean operator Centennial Communications Corp.'s earnings were down sharply, coming in at a loss of $2.2 million compared with a gain of $14.6 million in the same period last year. The company's operating income and consolidated revenue were both up slightly...
"Idealistic" isn't a word commonly associated with venture capitalists. But Brian Biniak, founder of the new wireless venture-capital firm Provenance Ventures L.L.C., believes there is a business case for making the world a better place. "Some people complain about it, and I decided that...
SAN DIEGO—Novatel Wireless Inc. offered upbeat preliminary results for the third quarter, including revenues and earnings per share that the company expects to exceed previous guidance. The company expects revenues to be between $53 million and $55 million. Earnings per share are expected to...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierRBC Capital Markets lowered its rating on Verizon Communications to sector perform from...
WALL, N.J.—U.S. and Caribbean operator Centennial Communications Corp.’s earnings were down sharply, coming in at a loss of $2.2 million compared with a gain of $14.6 million in the same period last year. The company’s operating income and consolidated revenue were both up slightly...
MENLO PARK, Calif.—Zannel Inc., which sells a mobile media platform, said it raised $6 million in its first round of financing. US Venture Partners and Palomar Ventures led the round.The company said its platform has delivered more than 100 million ringtones, graphics and other...
CAMBRIDGE, Mass.—Mobile search startup JumpTap Inc. snared $22 million in a financing round as it welcomed new investor Valhalla Partners. Valhalla led the round, and existing investors General Catalyst Partners, BCE Capital and Redpoint Ventures also participated. JumpTap, which offers a white-label mobile search...
KANATA, Ontario—Wireless broadband service provider BelAir Networks hopes to build on its municipal Wi-Fi business after scoring $21.4 million in a Series D financing round. Ventures West Management Inc. led the round; other investors included Trilogy Equity Partners, Comcast Interactive Capital, T-Mobile Venture Fund,...
Visto Corp. will have no trouble paying its lawyer fees. The mobile e-mail service provider raked in another $51 million this week in a funding round led by Oak Investment Partners. The haul follows a $70 million round that closed last November; Visto is...
WATERLOO, Ontario—Research In Motion Ltd.’s stock rose sharply in trading after the company reported strong quarterly results and offered optimistic guidance. The firm’s stock was up almost 20 percent in trading to about $102.87 per share, a two-year high for the company. RIM also...
BEDFORD, Mass.—Boston Communications Group Inc. said it probably will have to restate its finances due to its review of its stock-option grants and stock-option practices. The company said it continues to review its stock-options practices, but its preliminary conclusions show that the company did...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.Handset and infrastructure vendorsGoldman Sachs raised its price target on Research In Motion...
GREENSBORO, N.C.—RF Micro Devices Inc. said it plans to sell its equity interest in Jazz Semiconductor for between $24 million and $27 million in cash. The company is divesting its interest in Jazz due to the pending merger of Jazz with a subsidiary of...
REDWOOD CITY, Calif.—Visto Corp. will have no trouble paying its lawyer fees. The mobile e-mail service provider raked in another $51 million this week in a funding round led by Oak Investment Partners. The haul follows a $70 million round that closed last November;...
HONG KONG—Altai Technologies Ltd. snapped up $10 million during its first round of financing and said it plans to use the funds to expand its engineering, sales and marketing efforts to fuel its growth within the citywide Wi-Fi ecosystem. Altai’s flagship product is its...
ATLANTA—Air2Web said it snared $25 million in a financing round led by The Carlyle Group. The wireless software company said it will use the new funds to further its work in mobile marketing as well as expanding into other geographic markets. Existing investors Vantage...
SUNNYVALE, Calif.—Palm Inc. shares were up more than 3 percent on the heels of the company’s first-quarter earnings report, a grab-bag of news on the company’s fortunes. The report included an uptick in revenue, depressed profit and a near-term strategy of foregoing profit in...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.Handset and infrastructure vendorsRBC Capital Markets raised its price target on L.M. Ericsson...
CAMPBELL, Calif.—SoonR said it raised $6 million in series A funding. The company said it plans to use the funds to expand its service, which allows customers to access data and applications on their personal computer from a mobile handset.The round was led by...
BELLEVUE, Wash.—Shares of InfoSpace Inc. plunged after the company said it expects its revenues to take a hit due to a plan by an unnamed carrier partner to develop direct licensing relationships with major record labels starting next year. InfoSpace said it generated nearly...
BOSTON—Shares of American Tower Corp. slid after the tower vendor said it will have to restate earnings due to inconsistencies regarding past stock-option grants. The company plans to file an amended annual report for 2005 that will "reflect the restatement of its consolidated financial...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierMorgan Stanley lowered its rating on Telus from overweight to equal weight based...
LOS ANGELES—Application distribution company Handango said it snared a whopping $60 million in a recently closed funding round. Institutional Venture Partners, Advanced Technology Ventures, Neo Carta, Pharos Capital Group, SSM Partners and Centerpoint filled the coffers for Handango, an aggregator of content and applications...
