Financial investment firm Merrill Lynch said it expects wireless carriers to post solid revenue growth and sequential margin gains for the third quarter, though the results could fall short of those posted during the second quarter. "The back-to-school season has become increasingly important over...
TOKYO-Japanese mobile content conglomerate For-side.com Co. Ltd. may take its U.S. subsidiaries public during the next few months, according to company documents.In a company report dated June 20, For-side.com said it plans to expand its U.S. business by listing several companies on an American...
VIENNA, Va.-The Mobile Media Co., which provides branded made-for-mobile entertainment, announced a new round of institutional funding of $3.75 million.The funding was led by a group of undisclosed investors.The company said it plans to expand its global operations, with a particular focus on increasing...
Internet search giant Google Inc. is continuing its stealth move into wireless with the acquisition of software developer Android Inc., the company confirmed this week. The acquisition raised industry eyebrows due to Android's wealth of talent and veil of secrecy. The startup was launched...
LONDON-Symbian Ltd. reported $48 million in revenues in its second quarter, up from the $24.6 million it posted in the same quarter last year. Sales of phones with the company's operating system tripled over the same period to 7.8 million phones in the quarter."In...
SALT LAKE CITY-Internet Protocol technology provider CoConnect Inc. will part with more than $200,000 in stock to acquire filmmaker and digital entertainment consultant firm Atcom Media Group, the companies announced Thursday.CoConnect, which provides VoIP and IPTV/video on demand, said it will develop Atcom's wireless...
WASHINGTON-InPhonic Inc.'s board of directors authorized a stock repurchase of up to $30 million of common stock during the next year. The company said it can make repurchases under Rule 10b5-1, which permits shares to be repurchased when the company might otherwise be precluded...
SAN DIEGO-Qualcomm Inc. has paid $57 million in cash for Elata, a privately held U.K.-based developer of content-delivery software, the chipmaker said Wednesday.Qualcomm said it will integrate its BREW platform with Elata's technology, which can deliver content on CDMA2000, GSM and W-CDMA networks. The...
RA'ANANA, Israel-Technology company Emblaze Ltd. announced it acquired video-communications company VCON Ltd., which is based in Israel. Emblaze said it will continue to offer VCON's mobile-video solutions to its customers, which include Renault in France, the Italian government, Wind Telecommunications SpA in Italy, Telstra...
NEW YORK-Mobile-gaming company Cellufun L.L.C. said it closed its series A financing, which was led by Vaux Les Ventures.Cellufun said it will use proceeds to develop and launch its multiplayer gaming portal. The company aims to provide real-time multiplayer games that can be played...
Shares of Dwango Wireless Inc. plummeted Tuesday and Rick Hennessey stepped down as chief executive officer after the content provider posted a second-quarter loss of $5.56 million, or 64 cents per share.Dwango, which delivers wireless offerings from Beliefnet Inc. and will launch Playboy-branded content...
CAMBRIDGE, United Kingdom-Antenova Ltd., an integrated RF solutions provider, announced it has acquired Finland's Perlos Corp.'s gigaAnt short-range wireless antenna business, expanding Antenova's High Dielectric Antenna technology and Radionova radio antenna modules sales channels.Terms of the deal were not disclosed."GigaAnt develops antennas for short-range...
SUNNYVALE, Calif.-Siemens Venture Capital GmbH made a strategic investment in Dune Networks, which provides merchant silicon solutions for traffic management and scalable switching fabrics."Dune's traffic management technology together with its scalable fabric has proven to be the best in the market," said Gerd Goette,...
BOSTON-M-Qube Inc., a mobile channel enabler, announced it secured $10 million in new financing in a round led by HarbourVest Partners L.L.C. Existing investors also participated in the funding.The financing will be used to support company growth and strategic acquisitions, said the company.
Nortel Networks Ltd. seems to have emerged from under a financial cloud that has haunted it in recent years. The company recorded net earnings of $45 million, or 1 cent per share, during the second quarter. The results are in sharp contrast to the...
Shares of Jamdat Mobile Inc. plunged in after-hours trading Thursday after the wireless game maker offered a disappointing outlook for the coming quarter.Jamdat reported impressive gains during the second quarter, including a five-fold increase in revenues over the same period last year. The publisher...
Following is information on wireless companies that had ratings changes and other news from investment banking and financial services firms this week.Moody's Investors Service Inc. upgraded the long-term senior unsecured debt ratings of Sprint Corp. and Sprint Capital Corp. as well as the ratings...
TORONTO-Shares of software developer 724 Solutions Inc. tumbled Wednesday after the company hinted it could lose a key contract with Sprint PCS.In a press release regarding the company's second-quarter results, 724 said that while it was still providing technology to Sprint through Hewlett-Packard Co.,...
COPENHAGEN, Denmark-Anritsu Corp. signed an agreement with Axcel, the Danish investment firm that owns NetTest, to acquire NetTest, a global network monitoring systems and field use test products provider. In the deal, Anritsu is set to receive 100 percent of NetTest's outstanding stock shares.Terms...
NEW YORK-Orsus Xelent Technologies Inc. said it plans to purchase a 10-percent stake in Chang Zhou Moben Communication Co. Ltd., an original equipment manufacturer in China.Chang Zhou Moben has mass produced several brands of phones including Royal Philips Electronics N.V. and Siemens AG models....
SCHAUMBURG, Ill.-Motorola Inc. will score $4.4 billion in accumulated earnings in the third and fourth quarters thanks to a federal tax incentive. The company said the incentive will add $200 million to its net income in the third quarter.The incentive comes from the American...
PLAINFIELD, Ind.-Brightpoint Inc. released its second-quarter earnings, reporting net income of $4.9 million, or 27 cents per share, which is a 35-percent increase over the second quarter of 2004.Brightpoint reported revenues of $524 million, a 13-percent increase from the second quarter of 2004, and...
LUBBOCK, Texas-Bolstered by its recent acquisition of fellow affiliate AirGate PCS Inc., Sprint Corp.'s largest wireless affiliate Alamosa Holdings Inc. posted a 75-percent increase in second-quarter revenues from $193.3 million in 2004 to $339.4 million this year. Excluding AirGate's contribution, Alamosa's revenues jumped 24...
