Lucent Technologies Inc. said a North American slowdown in wireless equipment sales caused its year-over-year revenue to sink 12 percent and income to plummet 79 percent. The company reported third-quarter net income of $79 million from revenues of $2.05 billion, compared with year-ago results...
Regional carriers SunCom Wireless Holdings Inc. and Shenandoah Telecommunications Co. continued to stabilize their operations during the second quarter, while NII Holdings Inc. showed positive growth and recently spun-off Embarq Corp. is betting heavily on its recently launched wireless operations. SunCom narrowed its losses...
ROSEMONT, Ill.-The answer to industry's and investors' lingering question-what the heck is Motorola Inc. going to do to follow up its monster handset hit, the Razr?-came last week in this Chicago suburb as the company unveiled new phones and boasted about its operations and...
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.CarrierRW Baird raised its rating on AT&T Inc. on strong earnings momentum. It also...
VANCOUVER, British Columbia—Sierra Wireless Inc.’s stock fell nearly 23 percent after the company reported solid second-quarter results, but lower-than expected third-quarter guidance. The company’s stock was trading at about $12.55 Friday morning after closing at $16.25 Thursday.Revenues for the quarter totaled $55.2 million, more...
WESTCHESTER, Ill.—Andrew Corp. reported declining third-quarter net profits as the company covers restructuring costs in preparation for its proposed merger with ADC Telecommunications. Profits for the quarter fell from last year’s $13 million to this year’s $7 million, while revenues grew from last year’s...
MUNICH, Germany—Siemens AG reported third-quarter net profits of $1.01 billion, more than double the $$495.5 million it posted for the same period last year. Revenues for the quarter rose to $27 billion from last year’s 23.6 billion. "It was a particularly successful quarter in...
PARIS—Alcatel SA reported second-quarter net profits of $228.7 million, an 8-percent decline from last year’s $249.4 million. The profits came from sales of $4.3 billion, a 7.6-percent increase from last year’s revenues of $4 billion. "While preparing for the merger with Lucent Technologies Inc....
BERWYN, Pa.—Shares of SunCom Wireless Holdings Inc. held firm as the company narrowed losses and added subscribers in the second quarter. The operator reported a net loss of $110.4 million, down less than 3 percent from a $113.52 million loss in the year-earlier period....
NAPERVILLE, Ill.—Tellabs Inc.’s second quarter net profits rose 30 percent year over year, from $41 million to $54 million. Revenues jumped up 19 percent year over year, from $463 million to $549 million.The company said its broadband business contributed revenues of $298 million, a...
BOULDER, Colo.—Equipment manufacturer Carrier Access Corp. reported second-quarter net losses of $903,000 from revenues of $24.9 million, vastly improving on the company’s year-ago net loss of $1.44 million based on revenues of $18.9 million. The company’s stock remained relatively unchanged after the news at...
MURRAY HILL, N.J.—Lucent Technologies Inc. said a North American slowdown in wireless network equipment sales caused its year-over-year revenue to sink 12 percent and its net income to plummet 79 percent. The company reported third-quarter net income of $79 million from revenues of $2.05...
SAN MATEO, Calif.—Mobile game publisher Digital Chocolate Inc. welcomed six new investors as it scooped up $22.5 million in Series C funding. New investor Bridgescale Partners led the round; other newcomers included Outlook Ventures, Mantagu Newhall, DN Capital, Glynn Capital Management and CHI Capital....
EDINBURG, Va.—Regional telecommunications operator Shenandoah Telecommunications Co. got a big boost from its wireless operations in the second quarter, with the company’s wireless segment doubling its net income compared with the same period in 2005. Shentel’s wireless net income jumped from $1.1 million last...
PORTLAND, Ore.—Enhanced directory assistance services provider Metro One Telecommunications Inc. said it is in compliance with listing requirements of the Nasdaq. The company received notice July 19 that it was not in compliance with the $1 minimum closing bid price requirements for continued listing...
Cingular Wireless L.L.C. kicked off the industry's second-quarter reporting with an unexpectedly high 1.5 million net customer additions, as well as the company's highest-ever net income of $540 million. The nation's largest carrier also continued to reduce its churn rate, pushing it down to...
Competition can bury you or spur you to greatness. In Motorola Inc.'s case, given its stellar performance in the second quarter, greatness is the result. And that has given the mobile handset vendor the proverbial Big Mo—as in momentum—which Motorola calculates will be further...
Qualcomm Inc. is faring well based on fiscal third-quarter results, albeit with a cautious outlook for its fiscal fourth quarter, reflecting the wireless industry's robustness. In contrast, Intel Corp.—the world's largest chip maker, based on its position in the personal computer market—posted disappointing results,...
When discussing the disappointing results for the second quarter by South Korean vendors Samsung Electronics Co. or LG Electronics Co. Ltd., one has to begin by noting the robust performances by Motorola Inc. and Nokia Corp., which together account for well over half the...
SCHAUMBURG, Ill.—Shares of Motorola Inc. inched upward after the company unveiled plans to step up its stock buy-back plan. Motorola said it will spend $1.2 billion to buy back its stock ahead of schedule as part of a $4.5 billion repurchase plan announced in...
REDMOND, Wash.—Microsoft Corp.’s Mobile and Embedded Devices division achieved profitability for the first time, the company announced. The division houses the company’s smart phone efforts. Microsoft’s division logged an operating income of $2 million for the year, a turnaround from a loss of $65...
FORT WORTH, Texas—A slight increase in wireless sales wasn't enough to offset lagging overall sales and an expensive turnaround program for RadioShack Corp. during the second quarter. The electronics retailer said wireless sales were up 2 percent during the period over the year-ago quarter,...
STOCKHOLM, Sweden—Shares of L.M. Ericsson dipped after the infrastructure provider posted a slight decline in second-quarter net profit due to its recent acquisition of Marconi Corp. Ericsson said its profit fell 2 percent to $778 million as revenue rose 15 percent to $6 billion...
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.CarrierCredit Suisse First Boston adjusted its estimates on Alltel Corp. to reflect the...
