ALAMEDA, Calif.-UTStarcom Inc. announced net sales of $635.3 million and a net loss of $402.7 million, or $3.40 per share, in its third quarter.Those figures include a charge of $341.4 million, or $2.89 per share, associated with an asset impairment.The company provided an update...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersStandard & Poor's Rating Services placed its ratings on UbiquiTel Inc. on CreditWatch with positive implications. The move is based on steady improvements in the...
KING OF PRUSSIA, Pa.-Wireless technology company InterDigital Communications Corp. posted increasing revenues and a net income of $6.5 million, news that comes on the company's announcement that it reached an "amicable resolution" in its patent dispute with Lucent Technologies Inc.Under the terms of the...
BOSTON-American Tower Corp., the nation's largest tower company, posted an operating profit of $176.7 million in its rental and management segment, up 49 percent from a year ago. The company reported revenues of $264.7 million for the third quarter, up 46 percent from the...
BERWYN, Pa.-Regional wireless operator SunCom Wireless Holdings Inc. lost 45,556 customers during the third quarter and ended the first nine months of the year with 919,550 subscribers on its network. The carrier attributed the loss to the final integration of markets and networks in...
MCLEAN, Va-Trust Digital snared $9 million in its Series B funding round, the developer of mobile enterprise security software announced today. Bell Canada Enterprises affiliate BCE Capital led the round.Current investors Core Capital and Avansis Ventures also participated in the round, which follows last...
SAN DIEGO-As demand for and shipments of Qualcomm Inc.'s chips took off, so did the company's financial performance. Qualcomm, the world's second-largest chip maker for mobile devices, posted fourth-quarter net income of $538 million, or 32 cents per share-a 37-percent increase from a year...
SANTA CLARA, Calif.-July Systems snagged $10 million in a Series C round of funding led by Motorola Ventures, the mobile storefront builder said Wednesday .Existing investors Charles River Ventures, NeoCarta Ventures, WestBridge Capital, Jumpstartup and SVB Financial Group also participated in the round. Reese...
TORONTO-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...
MINNEAPOLIS-TestQuest Inc., which provides automated testing solutions for the wireless industry, said it closed a $7.5 million round of financing.Gabriel Venture Partners led the round, and Norwest Venture Partners and other existing investors also participated.The company said it expects to use the funding to...
OKLAHOMA CITY-Dobson Communications Corp. posted a strong year-over-year jump in third quarter revenues that were bolstered by stronger-than-expected roaming revenues. However, the carrier continued to report disappointing financial and customer losses.The rural operator reported $315.8 million in total revenues during the third quarter compared...
DENVER-Regional Bell operating company Qwest Communications International Inc. said it added 4,000 customers during the third quarter to its mobile virtual network operator-based wireless service. The company noted the result was its second sequential quarterly gain in wireless customers following several quarters of losses...
TAOYUAN, Taiwan-High Tech Computer Corp. reported $492.8 million in revenues for the third quarter, up 134 percent year over year and up 7.25 percent quarter over quarter.Revenue in the company's past three quarters totaled $1.3 billion.Net income after tax for the quarter was $78.6...
Verizon Wireless continued to dominate its competitors during the third quarter by adding more than 1.9 million net customers. The strong growth was a 15-percent improvement on the 1.7 million the carrier added last year and handily trumped the 969,000 direct customers added by...
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 adjusted estimates on Alltel Corp. following the company's third-quarter report. Baird raised its estimates on Alltel to EPS of $3.45 from $3.38...
REDMOND, Wash.-Microsoft Corp.'s mobile business neared profitability, and strong demand for the company's PC and corporate server software helped it beat profit estimates during its first quarter.The software giant reported $74 million in revenue from its mobile and embedded devices business, up 50 percent...
VANCOUVER, British Columbia-Sierra Wireless Inc. reported $27.5 million in revenues and a net loss of $3.1 million for the third quarter. The company also scored a new chief executive, Jason Cohenour, a Sierra veteran who was appointed the company's chief operating officer last year.Sierra's...
NEW YORK-Verizon Wireless continued to dominate its competitors during the third quarter by adding more than 1.9 million net customers. The strong growth was a 15-percent improvement compared with the 1.7 million the carrier added last year and handily trumped the 969,000 direct customers...
KIRKLAND, Wash.-Nextel Partners Inc. posted third-quarter results that included both strong financial and operational metrics. The carrier reported $473.1 million in total revenues during the third quarter. The result was a 31.5 percent improvement compared with the $359.8 million in revenues the carrier posted...
SAN DIEGO-Wireless modem maker Novatel Wireless Inc. reported the highest year-over-year revenue increase in company history during the third quarter.The company's revenues increased 36 percent, from $31 million during last year's third quarter to $42.1 million during the third quarter this year. Net income...
REDWOOD CITY, Calif.-Openwave Systems Inc. reported a 24-percent increase in revenues for its fiscal first quarter of $103.3 million, compared with revenues of $83.6 million during the corresponding quarter last year. Revenues increased 3 percent sequentially from $100.3 million during the previous quarter.The company's...
PALO ALTO, Calif.-Siemens Communications Group said it made an investment in California-based software developer GlooLabs. The company did not disclose the amount of the investment. The German telecom giant said it hopes the funding will allow GlooLabs to expand its product portfolio and step...
MURRAY HILL, N.J.-Lucent Technologies Inc. reported net income of $374 million, or 8 cents per share, in its fourth quarter, up slightly from the previous quarter when Lucent reported net income of $372 million, or 7 cents per share.The results contrast wildly with the...
BELLEVUE, Wash.-Investors sent shares of InfoSpace Inc. skyward in after-hours trading after the company reported a jump in third-quarter revenue and painted a rosy portrait for the current quarter.InfoSpace, which operates Web search sites and provides mobile content, posted $83.2 million in revenue during...
