MOUNTAIN VIEW, Calif.—Shares of VeriSign Inc. lost ground despite a rebound in the company's mobile content business during the second quarter. The network infrastructure and wireless content company said its Jamster and Jamba businesses generated a combined $74 million during the recent quarter, with...
SCHAUMBURG, Ill.—With unexpectedly strong growth in its second-quarter earnings boosting Motorola Inc.’s fortunes, the handset vendor plans to feed the buzz by launching an undisclosed number of much-anticipated new handset models next week at its annual analyst meeting outside Chicago. Based on Motorola executives’...
MINNEAPOLIS—ADC Telecommunications Inc. said it expects its sales from continuing operations for 2006 to come in lower than it previously predicted. Sales are expected to be between $1.28 billion and $1.3 billion. Earlier, the company predicted sales of between $1.35 billion and 1.39 billion....
SAN DIEGO—Qualcomm Inc. reported third-quarter results of $1.95 billion in revenue and $643 million in net income, increases of 44 percent and 15 percent, respectively, from the year-ago quarter. The chip vendor attributed earnings to sales of its CDMA2000 1x EV-DO and W-CDMA chipsets....
SEOUL, South Korea— LG Electronics Co. Ltd. reported a net loss of $10.1 million on static sales of $6.1 billion in the second quarter on lackluster handset shipments and poor performance in its liquid crystal display joint venture with Philips Electronics. The net loss...
ATLANTA—Mobile television provider SmartVideo Technologies Inc. said it raised $9 million in a private placement. SmartVideo delivers video programming to users with smart phones and laptop computers, and boasts relationships with content providers including ABC News, Fox Sports, The Weather Channel and MSNBC. The...
The competitive landscape for the world's top five mobile-phone vendors at mid-year has come into clearer focus with second-quarter earnings already reported or expected this week. The plot has thickened perhaps, while not varying much from earlier episodes of this long-running, global industry serial....
SEOUL, South Korea—Samsung Electronics Co. Ltd., the world’s third-largest mobile handset vendor, said revenue from mobile-phone sales fell 4.5 percent to $4.2 billion from the year-ago quarter on shipments of 26.3 million units, missing analysts’ reduced expectations for the company. The company blamed erosion...
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 raised its estimates and price target on AT&T Corp.,...
SANTA CLARA, Calif.—Wireless mesh network equipment vendor SkyPilot Networks said it raised $21 million in its latest funding round led by August Capital. Current investors including Mobius Venture Capital, Invesco Private Capital, Palo Alto Investors, Nexit Ventures and Selby Venture Partners participated in the...
LONDON—Sony Ericsson Mobile Communications L.P. announced that its earnings for the second quarter—$181 million—nearly doubled its earnings from the year-ago quarter, while revenue increased more than 40 percent and handset shipment volumes increased by 33 percent. The results exceeded financial analysts’ expectations. The handset...
EMERYVILLE, Calif.—MobiTV Inc. said it snared a whopping $70 million in a Series C financing round led by Oak Investment Partners. The three-year-old wireless video provider said it will use the capital to expand its offerings internationally and across platforms. Oak Investment Partners’ Bandel...
COPPELL, Texas—Shares of CellStar Corp. jumped after the company reported a profitable quarter and unveiled a distribution agreement with LG Electronics Co. Ltd. The wireless distributor reported a net income of $2.7 million during the quarter, a dramatic turnaround from its loss of $9.4...
HYDERABAD, India—Two wireless companies, IMImobile and Cellfire Inc., announced new venture-capital funding this week. IMImobile, which sells technology platforms and content-aggregation services, said it received a $10 million investment from technology venture-capital firm Pequot Ventures. IMImobile said it plans to use the funds to...
MURRAY HILL, N.J.—For the second time this year, Lucent warned of lower sales prior to releasing quarterly results. The company said it expects to post third-quarter earnings of $2.04 billion, compared with $2.04 billion last quarter and $2.34 billion in the year-ago quarter. Pat...
OKLAHOMA CITY—Dobson Communications Corp. released positive preliminary customer numbers for its most recent quarter as well as an 18 percent improvement in its churn rate compared with the same period last year. Dobson said it expects to report full financial results on Aug. 8,...
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. CarrierStandard & Poor’s Ratings Services raised its rating on the senior unsecured debt...
FRAMINGHAM, Mass.—NMS Communications said it expects to report disappointing second-quarter revenues and earnings results when it releases its full financial report later this month. Revenues are expected to be between $25 million and $26 million, which falls below the average analyst expectation of $29.5...
SAN DIEGO—Wireless modem maker Novatel Wireless Inc. announced a bullish outlook for its second quarter by raising its revenue guidance above $44 million, up from a previous guidance of $40 million to $42 million. The company’s stock popped up more than 2 percent on...
REDWOOD CITY, Calif.—Shares of Openwave Systems Inc. plummeted after the mobile software developer projected a net fourth-quarter loss and received subpoenas in a broadening stock-options investigation. Openwave said it expects breakeven results, excluding items, on revenue of $90 million to $92 million during the...
BELLEVUE, Wash.—Nexage Inc., which provides wireless multimedia software and services, said it closed its first round of funding for its mobile TV platform venture. Funding came from John Ostrem, founder of China MobileSoft, a Linux-based mobile software company that was acquired last year by...
NEW YORK—Mobile software developer Juice Wireless Inc. snared a $1 million investment from telecommunications service provider Citizens Communications Co. Juice, which is hoping to gain traction on the crowded playground of mobile user-generated content, said it will use the capital to market existing applications...
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. CarrierR.W. Baird dropped coverage on Nextel Partners Inc. following its acquisition by Sprint...
WATERLOO, Ontario—Research In Motion Ltd. yesterday reported fiscal first-quarter 2007 revenue of $613 million, a 35-percent jump from the year-ago quarter, but profits for the quarter of $129.8 million were down slightly from the $132.5 million profit in the year-ago quarter. The company said...
