FORT LEE, N.J.-SkyZone Entertainment Inc. fattened its wallet with a $13.5 million investment from sister company SK C&C, the mobile entertainment publisher announced.SkyZone offers mobile Web portals, games and ringtones, and holds licenses for franchises including Duke Nukem, Rocky and Stargate SG-1. SK C&C...
MOUNTAIN VIEW, Calif.-Ditech Communications Corp. announced its fiscal 2006 second-quarter results, reporting a net loss of $1.4 million, or 4 cents per share. The numbers were a considerable decrease from the company's year-ago net income of $45.8 million, $37.5 million of which came from...
Siemens AG announced plans to invest substantial capital in key Asian markets, aiming to climb from the No. 3 position to the No. 2 slot among the world's mobile telecommunications equipment makers. "We want to be No. 2 on the world market for mobile...
CHARLOTTE, N.C.-UpSnap Inc. generated a significant round of funding by going public earlier this week, the company said Thursday. According to documents filed with the Securities and Exchange Commission, UpSnap issued nearly 12 million shares of common stock for the initial public offering. At...
SAN JOSE, Calif.-Wireless mesh router maker Wave Wireless Corp. and wireless broadband technology developer WaveRider Communications announced plans to merge, saying the combined company will focus on the rapidly growing market for wireless broadband solutions. The companies said the proposed merger will bring together...
BOCA RATON, Fla.-Loc-Aid Technologies snared $5 million in its first round of institutional financing, the location-based services application developer said Wednesday.H.I.G. Ventures and Intersouth Partners co-led the Series A round, and each firm placed a partner on the company's board of directors under terms...
HELSINKI, Finland-Just two months after launching its own branded wireless e-mail offering, Nokia Corp. is jumping head-first into the space with the $430 million acquisition of Intellisync Corp. The handset manufacturer Wednesday announced plans to buy the San Jose, Calif.-based developer, offering $5.25 per...
NEW YORK-Dwango Wireless suffered its third straight multimillion-dollar quarterly deficit, reporting a net third-quarter loss of $5 million. The mobile entertainment publisher said it generated $968,000 in revenue during the period, up 9 percent over second-quarter figures. Dwango's net third-quarter loss of $5 million,...
Global Signal Inc., the nation's third-largest tower company with around 11,000 towers, reported a third-quarter net loss of $15.4 million, or 23 cents per share. The numbers are a steep decline from the company's year-ago net income of $5.3 million, or 10 cents per...
FREMONT, Calif.-Insignia Solutions, which offers mobile device management products, said it expects to report about $800,000 in revenues for the third quarter, up significantly from revenues of $107,000 during the same quarter last year.Total revenues for the first nine months are expected to be...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersFitch Ratings placed Telephone and Data Systems Inc. and United States Cellular on Ratings Watch Negative following the announcement that TDS intends to restate its...
MUNICH, Germany-Siemens AG reported its fourth-quarter results, posting a net profit of $90.6 million, which was an 88 percent decline compared with the year-ago result of $767.3 million.Profits dwindled in the company's Communications division, which brought in only $62.2 million in revenues during the...
BOSTON-Shares of Boston Communications Group Inc. continued to languish as the company reported a third-quarter net loss of more than $40 million. BCGI cited its ongoing legal fight with Freedom Wireless for the loss, taking a non-cash charge of $40.3 million in connection with...
CHICAGO-Regional wireless operator U.S. Cellular Corp. postponed reporting its third-quarter financials until Nov. 28 after announcing plans to restate some of its previously released financial statements. The carrier said it plans to restate full-year results for 2000 through 2004 and quarterly results for each...
ALEXANDRIA, Va.-USA Mobility Inc., the one-year-old messaging company formed by the merger of Arch Wireless Inc. and Metrocall Holdings Inc., reported third-quarter financials and declared a special dividend of $1.50 per share that will be payable next month.Revenue for the third quarter came in...
WASHINGTON-InPhonic Inc., which sells wireless phones and services online, said revenues for the third quarter totaled $96.7 million, up 79 percent from revenues of $54.1 million during the third quarter of 2004.Net loss attributable to common shareholders was $5 million, or 14 cents per...
REDWOOD CITY, Calif.-Visto Corp. hopes a whopping $70 million financing round can propel it to the forefront of the white-hot wireless e-mail space.The developer added to its already-fat wallet with the latest round, which was led by DFJ ePlanet Ventures. Current investors Draper Fisher...
VICTORIA, British Columbia-VCom Inc. moved closer to a $21 million initial public offering, announcing that it has filed a final prospectus with the securities regulatory authorities in each Canadian province. The company said it plans to issue 3,335,000 common shares at $6.32 per share....
LOS ANGELES-Shares of Jamdat Mobile Inc. jumped in after-hours trading Tuesday following the game publisher's announcement that its third quarter revenue more than doubled from the year-ago period. Jamdat said successful European launches of Tetris and Downtown Texas Hold 'Em helped push its quarterly...
SCHAUMBURG, Ill.-Motorola Inc. said its equity investment arm made a strategic investment in Tekion Inc.Tekion develops micro fuel cells for mobile products. The company's Formira Power Pack is designed to fit inside mobile products and, according to the company, allow consumers to stay connected...
SARASOTA, Fla.-Global Signal Inc., the nation's third largest tower company with around 11,000 towers, reported a third-quarter net loss of $15.4 million, or 23 cents per share. The numbers are a steep decline from the company's year-ago net income of $5.3 million, or 10...
LUBBOCK, Texas-Sprint Nextel Corp.'s largest CDMA affiliate Alamosa Holdings Inc. posted a 65-percent jump in revenues during the third quarter from $211.4 million in 2004 to $349.4 million this year. The results were slightly below estimates of around $360 million in revenues during the...
CINCINNATI-Regional operator Cincinnati Bell Wireless posted 4,100 net postpaid customer additions during the third quarter, which was a significant improvement on the 10,500 postpaid subscribers it lost during the third quarter of 2004. The carrier attributed the turnaround to new rate plans and improved...
Nortel Networks Ltd. posted a third-quarter net loss of $105 million, or 2 cents per share, less than what was expected after the mayhem of firing senior executives, correcting numbers, hiring new management and settling a lawsuit brought on by the hiring of incoming...
