SUNNYVALE, Calif.-Operating system vendor PalmSource Inc., which is being acquired by Japan's Access Co. Ltd., posted a widening net loss and declining shipments, but its results came in above some analysts' expectations. The company's stock remained relatively unchanged after its announcement, hovering around $17.94...
PARIS-InfraWorlds has acquired California-based publisher Mobile Digital Media to expand its offerings for personal digital assistants and smart-phone users.The Paris-based company said it bought MDM's assets from former parent company Quickoffice Inc. for an undisclosed sum. MDM develops and distributes consumer software such as...
SUNNYVALE, Calif.-Siemens Venture Capital, a subsidiary of Siemens AG, is investing in metro-scale Wi-Fi mesh networks supplier Tropos Networks Inc., and said it plans to accelerate Tropos' MetroMesh systems in markets around the world."Mesh techniques represent the next logical step in development of Wi-Fi...
Qualcomm Inc. upped its guidance for the coming quarter based on what the company said were stronger-than-expected sales of CDMA chips throughout North America, Latin America and the rest of the world, as well as success with its EV-DO and W-CDMA chips. "Consumers continue...
MOUNTAIN VIEW, Calif.-Ruckus Wireless, which provides a wireless multimedia system that works on standard Wi-Fi technology in the home, raised $9 million in its second financing round. The company, formerly known as Video54, said it will use proceeds to enhance product development and to...
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
ST. THOMAS, U.S. Virgin Islands-Atlantic Tele-Network Inc. is putting the finishing touches on its merger with Comnet Wireless LLC., paying about $59 million to complete the acquisition of 95 percent of Comnet.ATN said it paid $12 million in cash and borrowed $47 million to...
PARSIPPANY, N.J.-Aquis Communications Group Inc. acquired the assets of Highland Paging Inc., which provides wireless messaging and data services in West Virginia, Tennessee and southern Virginia.The company has about 12,500 subscribers. The value of the deal was not disclosed.
SARASOTA, Fla.-Global Signal Inc.'s board of directors increased the company's stock dividend to 50 cents per share for the third quarter of 2005, which is an 11-percent increase from the second quarter dividend of 45 cents per share and a 33-percent increase from the...
MONTREAL-Satellite and terrestrial wireless equipment manufacturer Advantech AMT has acquired Powerwave Technologies Inc.' microwave operation in Gothenberg, Sweden.Advantech said it would resurrect the Allgon Microwave brand, which it used prior to joining the Powerwave group. Advantech said Allgon Microwave is well known for its...
MILPITAS, Calif.-Aperto Networks, which provides WiMAX equipment, said it raised $17 million in the first tranche of series E financing. The funding was led by Canaan Partners and included participation from existing investors including JK&B Capital, Alliance Ventures, Innovacom, Tyco Ventures, Labrador Ventures and...
TAMPA-FTS Group Inc. said it plans to spin off its FTS Wireless Inc. subsidiary into a new publicly traded company. The new company will include the Internet, retail and wholesale wireless operations of FTS Group.Domestic and international business consulting, business development, and mergers and...
SAN DIEGO-Axesstel Inc., which designs fixed wireless voice and broadband data products, said it does not expect to meet its previous revenue guidance for the third quarter.The company based the announcement on revenues received to date.Axesstel further said it does not expect to show...
SAN DIEGO-RF Industries Ltd. said it has acquired the assets of Worswick Industries Inc., a privately held manufacturer of custom and standard computer cabling and wire harness assemblies.The acquisition was completed Sept. 1 for cash and equity consideration, said RF Industries. Further terms of...
ESPOO, Finland-Nokia Corp. raised its revenue expectations due to what the company said were stronger-than-expected sales of mobile phones. Nokia's stock jumped almost 4 percent on the announcement to $16.71 per share.Nokia increased its revenue expectations by about $350 million to around $10.4 billion....
MORRISVILLE, N.C.-TapRoot Systems Inc., which provides software for smart phones, said it has secured a second round of venture financing.The round was led by Harbert Venture Partners and included participation from existing investors, including Intersouth Partners and Mid-Atlantic Venture Funds. Harbert's Wayne Hunter will...
Wireless e-mail vendor Good Technology Inc. said it cut an unspecified number of jobs due to the company's transition from direct to indirect sales. The cuts were part of a restructuring at Good that resulted in a total workforce reduction from 500 positions to...
After the line from the '80s movie "Wall Street"-"Greed, for lack of a better word, is good"-insider trading got a bad rap. In that movie, Charlie Sheen's character was arrested for making money off insider information. However, there are actually two kinds of insider...
ESPOO, Finland-Nokia Corp.'s share capital increased by $177.97 and its shareholder equity increased by $35,093.53 after 2,389 shares of its stock were subscribed for based on its 2003 employee stock option plan.As a result of the increase, Nokia's share capital is more than $330...
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
PARIS-Realeyes3D, which specializes in hand-written messaging and camera-phone applications and services, said it raised $9.3 million in venture capital in an oversubscribed second round of financing.Atlas Venture and Partech International led the round. The companies joined first-round investors Siemens Acceleration in Communications and I...
EL SEGUNDO, Calif.-Mobile-phone design and testing company Applied Wave Research Inc. announced it acquired Aplac Solutions Oy. Terms of the deal were not disclosed. Both companies sell software to mobile-phone companies to test the RF functions of handsets. Aplac counts Nokia Corp. as a...
MIAMI-Orion Information Services announced plans to merge with Swedish mobile hardware and software vendor CellPoint Connect AB.Orion, which develops applications for the integration of platforms including television, wireless and the Internet, will take the CellPoint name and manage the company's North and Latin American...
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
