ESPOO, Finland—Nokia Corp. reported today that its net profit in the first quarter rose 21 percent to $1.3 billion over the year-ago quarter—exceeding analysts’ expectations—on the strength of more than 75 million handsets shipped. Like its next-largest rival, Motorola Inc., Nokia’s overall profits were...
SAN DIEGO—Qualcomm Inc. reported late yesterday that it earned $593 million in the company’s second fiscal quarter, an increase of 11 percent over the year-ago quarter, results that were in line with analysts’ expectations. The company attributed the solid growth to an increase in...
AUSTIN, Texas—Freescale Semiconductor Inc. says strong sales of its wireless products as well as its networking and computing gear helped the company to more than double its first-quarter net income compared to the same period last year. Freescale reported first-quarter net income of $212...
DALLAS—Texas Instruments Inc. late yesterday reported first-quarter net income of $585 million, a 42-percent increase from the $411 million profit in the year-ago quarter, and it issued a bullish forecast for the current quarter, causing its stock price to rise in after-hours trading yesterday....
ATLANTA—Cingular Wireless L.L.C. kicked off 2006 with strong first quarter results, including driving its churn rate down to a company record low of 1.9 percent overall, with 1.6 percent postpaid churn. While Cingular’s postpaid average revenue per user showed growth, the carrier’s total ARPU...
SCHAUMBURG, Ill.—Motorola Inc. reported robust sales of its wireless handsets in the first quarter and a nearly 5-percent gain in global market share over the year-ago quarter to 21 percent. The company’s positive handset news confirmed that it had achieved its stated ambition to...
SEATTLE—Anti-piracy software developer Widevine Technologies snared $16 million in a Series C round of funding. Cisco Systems Inc. and Canadian telecommunications provider Telus Corp. participated in the round, which also included existing investors VantagePoint, Bear Stearns Constellation Ventures, Pacesetter Capital and Phoenix Partners. Widevine,...
SCHAUMBURG, Ill.—Financial analysts are awaiting Motorola Inc.’s first-quarter earnings report—scheduled for later today—which may exceed the company’s own projections and those of Wall Street made in the fourth quarter of 2005 when handset sales growth was expected to slow this year. Motorola’s industry-wide megahit...
SUNNYVALE, Calif.—A privately held California company, Mino Wireless, said it has garnered $1.5 million in first-round venture-capital funding to launch low-cost international wireless calling using Voice Over Internet Protocol technology. According to Mino, the mobile services company has been working on technology to connect...
SEOUL, South Korea-Samsung Electronics Co. reported net income in the first quarter of $1.96 billion, a modest increase from the $1.6 billion net income the electronics giant reported in the year-ago quarter. Mobile phones and chips represented about two-thirds of Samsung's reported revenue, which...
SEOUL, South Korea—Samsung Electronics Co. reported net income in the first quarter of $1.96 billion, a modest increase from the $1.6 billion net income the electronics giant reported in the year-ago quarter. Mobile phones and chips represented about two-thirds of Samsung’s reported revenue, which...
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 placed its B- corporate credit rating and bank...
STOCKHOLM, Sweden—Sony Ericsson Mobile Communications L.P. announced first-quarter results that were down significantly from the previous quarter, but more than triple its earnings from the same quarter last year. Sony Ericsson earned about $132 million in the first quarter, down from $174 million in...
LOS ANGELES – Amp’d Mobile Inc. continued to rake in venture capital this week, raising $150 million in a third round of funding. New investors Tudor Investments, Intel Capital, Rho Ventures, Qualcomm Inc., Quilvest Ventures, Polygon Investment Partners and Heights Capital Management participated in...
LOS ANGELES—Soon-to-launch mobile virtual network operator Xero Mobile Inc. said that it has completed a reverse merger with publicly traded Desi TV Inc. A reverse merger allows a private company to control a majority of shares of a publicly traded company (typically one with...
SAN DIEGO—Network design and engineering firm Wireless Facilities Inc. announced it signed a $10 million contract with a government contractor to develop software and provide integration services for the Global Combat Support System, which supplies military commanders with access to data about personnel and...
MILPITAS, Calif.—Aperto Networks says it raised $26 million in its latest round of financing, bringing the base-station maker’s total funding to date to $120 million. The company says it plans to use the funds to roll out its fixed WiMAX product and for mobile...
WATERLOO, Ontario—Research In Motion Ltd. posted results largely in-line with analyst expectations, with a net income for the quarter of $18.4 million, but investors appeared fatigued of the BlackBerry maker—which recently settled its long-running legal dispute with patent-holding company NTP Inc.—and sent the company’s...
SANTA BARBARA, Calif.—724 Solutions Inc. announced it will go ahead with its plan to be acquired by venture-capital firm Austin Ventures. Austin said it would acquire 724 for $3.34 per common share. The amount is slightly more than the previous purchase price the companies...
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.CarriersStandard & Poor’s Ratings Services assigned an A-2 short-term rating to Sprint Nextel...
LAS VEGAS—3GUpload, which provides direct-to-consumer mobile entertainment, said it netted $20 million in venture funding from VantagePoint Venture Partners. VantagePoint is one of the investors behind the popular social networking Web site, Myspace.com, noted 3Gupload.Click here to see all of RCR Wireless News' coverage...
NEW YORK—Rave Wireless Inc. said it closed $12 million in Series B funding, which it said it will use to accelerate its growth. Rave provides Global Positioning System-enhanced mobile safety, social networking, academic and local commerce applications to colleges and universities.The round was led...
OKLAHOMA CITY—Dobson Communications Corp. said it expects to report a slight increase in gross subscriber additions and improvements in churn when it releases its first-quarter results next month. Releasing preliminary results for the quarter, Dobson said it expects to report 125,300 total gross subscriber...
WALL, N.J.—Centennial Communications Corp. posted a widening loss in its third quarter but reported its best prepaid wireless growth in five years. The company’s stock was up slightly on the news to around $7.16 per share. Centennial reported a loss of $6.1 million for...
