Telecom equipment vendors posted fiscal first-quarter results and watched their stocks react accordingly. Thanks in part to a $278 million bankruptcy lawsuit ruling, Lucent Technologies Inc. posted a first-quarter net loss of $104 million, or 2 cents per share.The telecom equipment maker said the...
The U.S. wireless industry is on track to chronicle its best-ever quarterly customer growth, with more than 5.4 million net adds already reported by four of the largest carriers. In a record-smashing quarter, Verizon Wireless clocked 2 million net customer additions to pull past...
NEW YORK-Shuffle Master Inc. made a $3 million private equity investment in Sona Mobile Holdings Corp. via the purchase of 2.3 million shares of common stock, the companies announced. Sona provides secure mobile solutions to the financial, enterprise, entertainment and gaming sectors. Shuffle Master...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersRobert W. Baird raised its 2006 estimates on BellSouth Corp. from EPS of $1.90 to $2.20 on a change in accounting related to acquisition-related amortization...
REDMOND, Wash.-Microsoft Corp.'s Mobile & Embedded Devices business-which houses the company's smart phone efforts-posted its first-ever quarterly operating profit, helping the software giant meet Wall Street earnings expectations for the fiscal second quarter. The company reported $93 million in revenue from its mobile business...
HELSINKI, Finland-Nokia Corp. reported gains in its business during the fourth quarter, but a drop in the company's mobile phone profits appeared to scare investors. Nokia's shares dropped by around 28 cents per share to $18.21 per share after the company's earning announcement. Nokia...
BELLEVUE, Wash.-Shares of InfoSpace Inc. edged downward despite a solid fourth quarter that helped the company nearly double its annual profits.The Internet and mobile search provider reported a net fourth-quarter income of $37.9 million, or $1.14 per diluted share, up from $18.9 million, or...
SAN DIEGO-While wireless chip titan Qualcomm Inc. posted strong first quarter results, the company's stock slipped slightly downward due to warnings of slowing sales in its second quarter. Qualcomm posted $620 million in net income, or 36 cents per share, for its fiscal fourth...
LONDON-Mobile infrastructure software provider Airwide Solutions Inc. snagged $25 million in its fourth round of financing.New investor Advent International led the round, joined by existing investors Artiman Ventures, Axiom Venture Partners, Key Venture Partners and Kodiak Venture Partners."Airwide Solutions has the characteristics we look...
TEL AVIV, Israel-Wisair announced it secured $20 million in its latest round of funding. The company said it will use the cash to transition to "volume production and broad market expansion." The ultra-wideband and wireless USB chipset maker said the funding came about as...
MURRAY HILL, N.J.-Thanks in part to a $278 million bankruptcy lawsuit ruling, Lucent Technologies Inc. posted a first quarter net loss of $104 million, or 2 cents per share. The telecom equipment maker said the ruling, worth 6 cents per share, was ordered by...
Alltel Corp. reported weaker-than-expected total earnings, but still outpaced analysts' predictions by adding 147,000 net new wireless subscribers, most of which were prepaid. Alltel reported consolidated revenue of $2.58 billion, a 21-percent jump from 2004's fourth quarter. However, net income fell to $255.1 million...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersLehman Brothers upgraded its rating on CenturyTel Inc. from underweight to equal weight and raised its price target on the company to $38 from...
SAN DIEGO-Shares of InfoSonics Corp. rebounded this morning after the phone distributor said it expects fourth-quarter revenue of at least $34 million.InfoSonics, which distributes handsets in the United States and Latin America, projected a 74-percent increase in fourth-quarter revenue over the year-earlier period. The...
SAN DIEGO-Sky MobileMedia Inc., which provides mobile applications software platforms for wireless handsets, said it closed on $15 million of series B financing.Sid R. Bass Associates led the round. Previous investor Enterprise Partners Venture Capital also participated.Sky MobileMedia said it plans to use the...
SHENZHEN, China-China's largest telecom equipment maker Huawei Technologies Co. Ltd. announced that its global sales jumped to $8.2 billion in 2005-a 40 percent increase over 2004's results. The company said demand for wireless mobile networks, next-generation networks, optical networks, data communications applications and software...
SANTA CLARA, Calif.-Venture capital funds continue to roll over the wireless industry, with two chip companies and an antenna vendor announcing the latest in fundraising. First up, WiMAX chipmaker TeleCIS Wireless Inc. announced it raised $10 million in its third round of funding. The...
SCHAUMBURG, Ill.-Motorola Inc. announced it invested an undisclosed sum in Global Locate Inc., a privately held GPS semiconductor, software and services provider. "Global Locate is a compelling addition to our portfolio of cutting-edge technology investments," said Warren Holtsberg, corporate vice president of equity investments...
NEW YORK-Credit ratings firm Standard & Poor's is turning a sharp eye on wireline companies and their wireless offspring, citing concerns about wireline businesses' ability to compete with Voice over Internet Protocol providers, particularly cable companies. Verizon Communications Inc. and its related companies, including...
CHICAGO-The American Stock Exchange has given U.S. Cellular Corp. additional time to regain compliance with its listing standards. In November, U.S. Cellular failed to report its earnings on time for the quarter that ended Sept. 30, and AMEX threatened to de-list the company from...
SCHAUMBURG, Ill.-Motorola Inc. announced it invested an undisclosed sum in Global Locate Inc., a privately-held GPS semiconductor, software and services provider. "Global Locate is a compelling addition to our portfolio of cutting-edge technology investments," said Warren Holtsberg, corporate vice president of equity investments for...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersMorgan Stanley updated its estimates on Verizon Communications following the close of its acquisition of MCI. Fourth-quarter 2005 EPS estimate moves to 62 cents from...
FORT WORTH, Texas-Shares of RadioShack Corp. slid after the company reported disappointing fourth-quarter sales and confirmed it will fall short of projected 2005 earnings-due largely to lagging wireless sales. The electronics retailer reported total sales during the quarter of $1.67 billion, a 5-percent increase...
MOUNTAIN VIEW, Calif.-Digital security and mobile content provider VeriSign Inc. said it plans to spend $30 million in cash to acquire software developer CallVision Inc. Seattle-based CallVision provides Web-based billing and data analysis applications to operators including T-Mobile, Bell Canada, TelstraClear and Australia's AAPT....
