LONDON-CSR plc, which provides Bluetooth and wireless local area network single-chip solutions, announced it will purchase UbiNetics' Volume Product Technology wireless software company. The deal is valued at $48 million.UbiNetics sold the other part of its business, the test and measurement division, to Aeroflex...
PARIS-Alcatel Corp. posted surging results in its wireless infrastructure business, news that helped send the company's stock up slightly to $12.23 per share."Second-quarter results came in above expectations. Sales were higher than anticipated in all three business segments. In particular, the mobile communication business...
SAN DIEGO-Remec Inc. said it signed a definitive agreement to sell its Outdoor Unit and Transceiver business to Wireless Holdings International Inc. through a management buyout transaction.The business unit, which is headquartered in Poway, Calif., designs and manufactures high-frequency point-to-point outdoor radios and transceivers....
MUNICH, Germany-Siemens AG posted a drop in its quarterly profit, partially due to the offloading of its mobile-phone business to Taiwanese company BenQ. Siemens' net profit tumbled from $984 million in the year-ago quarter to $470 million in the quarter ended June 30.Siemens announced...
BELLEVUE, Wash.-Shares of InfoSpace Inc. plummeted to a 52-week low Wednesday after the content provider and Internet search company slashed its outlook for the second half of the year.InfoSpace reported a second-quarter net income of $16.3 million, or 44 cents per share, compared with...
MOSCOW-InfiNet Wireless, a provider of last-mile connectivity solutions, signed an investment deal with Baring Vostok, Intel Capital, and Boston-based investment fund Russia Now. Funding details were not available.The company's products incorporate fixed broadband wireless access and emerging WiMAX technologies. It said the funds will...
SAN DIEGO-Novatel Wireless Inc. reported revenues of $38.6 million for the second quarter, up 60 percent from revenues of $24.1 million reported during the second quarter of last year.Net income for the quarter was $2.9 million, or 10 cents per diluted share, compared with...
SAN FRANCISCO, Calif.-FiberTower Corp., which provides backhaul services for wireless carriers, said it closed a $150 million financing round led by Crown Castle International Corp.Other investors included Oak Investment Partners and Affiliates, Tudor Investment Corp. and Affiliates, Goldman Sachs & Co. and Meritech Capital...
FORT LAUDERDALE, Fla.-GlobeTel Communications Corp. has signed a letter of intent to acquire the assets and operations of Altvater GmbH of Germany.Altvater supplies wireless hot spots in Europe, with several key cities in Germany, which are the first major locations that are part of...
Third-generation wireless buildouts propelled earnings for L.M. Ericsson and Lucent Technologies Inc. during the quarter ended June 30. Ericsson reported net profits of $744 million during its second quarter, a 16-percent increase in profits from the second quarter of 2004, when the Swedish manufacturer...
Terabeam Wireless signed an agreement to purchase all of Proxim Corp.'s assets for $28 million. Terabeam was the highest bidder in Proxim's court-approved auction held in connection with the company's Chapter 11 bankruptcy filing announced in June. Proxim has abandoned a mid-June $21 million...
The second-quarter earnings race got off to a relatively solid start as Cingular Wireless L.L.C. and Nextel Communications Inc. posted financials largely in line with Wall Street expectations. The results-coupled with those from the handset and infrastructure markets-served to underpin predictions of continued growth...
Shares of Sybase Inc. jumped more than 7 percent Thursday after the infrastructure provider and wireless software developer posted higher-than-expected second-quarter profits.The company said a 21-percent increase in its mobile business helped boost the company to a quarterly net profit of $15.9 million, or...
The following information includes details on wireless companies that had ratings changes and information from financial analysts and banking and investment firms this week. Companies mentioned include Qualcomm, Lucent Technologies, Nokia, Ericsson, Motorola, Verizon Wireless, Cingular Wireless, Dobson Communications, iPCS and others.Goldman Sachs slightly...
TORONTO-Nortel Networks Ltd.'s board of directors said it has declared dividends on two series of its outstanding preferred shares, the Cumulative Class A Series 5 and the Cumulative Class A Series 7. Nortel said the dividend amount for each series is calculated in accordance...
BOSTON-American Tower Corp. announced it has completed its previously announced redemption of $75 million principal amount of its 9.375-percent senior notes due 2009. The company redeemed the notes pursuant to their terms at 104.688-percent of the principal amount plus unpaid and accrued interest up...
VANCOUVER, British Columbia-PC card maker Sierra Wireless Inc. reported revenues of $21.9 million for the second quarter, a 57.5-percent decrease from the same period last year when the company posted revenues of $51.6 million. Net losses for the quarter were $26.7 million, or $1.05...
Although Qualcomm Inc. lowered its expectations for W-CDMA and CDMA handset shipments, the company still managed to post results ahead of expectations. The company's stock was up more than 6 percent on the news to $38.34 per share.Qualcomm's revenues for its third quarter came...
ESPOO, Finland-Nokia Corp. posted a quarter largely in line with expectations, but its reliance on low-end phone sales appeared to scare investors. The company's stock was down more than 10 percent following its second-quarter report to about $15.94 per share."This growth came primarily from...
Nextel Communications Inc. scored a strong farewell quarter as the carrier prepares to be acquired by Sprint Corp. Nextel recorded customer additions and earnings per share ahead of most expectations. The company's stock was up slightly after the news to about $32.53 per share."Second-quarter...
L.M. Ericsson announced its second-quarter earnings Thursday, reporting net profits of $744 million during the quarter, a 16-percent increase in profits from the second quarter of 2004 when Ericsson reported net profits of $641 million. The Swedish vendor said its North America sales are...
Motorola Inc. posted a second quarter ahead of most expectations, but investors appear to have expected such results as the company's stock remained relatively unchanged after the news. Motorola's stock was trading at around $19.86 per share Wednesday.Motorola recorded companywide revenues of $8.8 billion,...
Terabeam Wireless announced today it has signed an agreement to purchase all of Proxim Corp.'s assets for $28 million. Terabeam was the highest bidder in Proxim's court-approved auction held in connection with the company's Chapter 11 bankruptcy filing announced in June.Proxim has abandoned a...
LAS VEGAS-Gambling and lottery game publisher Win Win Gaming Inc. will spend $400,000 on a suite of wireless tournament offerings from Bijou Studios Inc., the companies said Wednesday.Win Win agreed to purchase ClanPass, a software package that facilitates chat, messaging and instant challenges between...
