MOUNTAIN VIEW, Calif.-NextHop Technologies has closed a Series B funding round of $10.5 million, which it plans to use to continue development and marketing of its converged enterprise wired/wireless local area network switching platform. This financing includes all of NextHop's previous investment partners: New...
GREENSBORO, N.C.-RF Micro Devices Inc., which provides proprietary radio frequency integrated circuits for wireless applications, increased its guidance for its fiscal 2006 first quarter ended June 30. RF Micro Devices said it had stronger than expected order activity for its power amplifiers, transceiver chipsets...
An effort to provide a pan-European mobile payment service was aborted just weeks before it was slated to launch. Simpay, a joint venture established two years ago by Orange plc, Telefonica Moviles, T-Mobile and Vodafone plc, pulled the plug after T-Mobile withdrew its support....
Telecommunications clearinghouse company NeuStar Inc. earned a solid debut on Wall Street June 29 as its share price rose from its initial pricing of $22 per share to as high as $26.50 per share. The company scored about $600 million in proceeds. The company's...
Financials from smart-phone makers Research In Motion Ltd. and PalmOne Inc. indicate users are warming up to the expensive, high-end gadgets. However, sluggish results from Palm OS vendor PalmSource Inc. suggest that the rising tide is not lifting all boats. "RIM is reporting another...
BOSTON-Wireless application developer Everypoint Inc. said it closed a Series A round of funding led by Prism Venture Partners and TD Capital Ventures. Financial details were not disclosed.Everypoint uses push technology and vector graphics in downloadable Java applications to develop real-time information and social...
Telecommunications clearinghouse company NeuStar Inc. earned a solid debut on Wall Street Wednesday as its share price rose from its initial pricing of $22 per share to as high as $26.50 per share. The company scored about $600 million in proceeds.The company's shares were...
Financials from smart-phone makers Research In Motion Ltd. and PalmOne Inc. indicate users are warming up to the expensive, high-end gadgets. However, sluggish results from Palm OS vendor PalmSource Inc. suggest that the rising tide is not lifting all boats."RIM is reporting another record...
TORONTO-Nortel Networks Corp. announced a share dividend and a new chairman of the board, but it offered little in the way of strategic guidance during its annual shareholders meeting. Nortel investors-those who suffered through the company's accounting woes-used the meeting to express their frustration...
HOLTSVILLE, N.Y.-Symbol Technologies Inc. cut its second-quarter outlook and announced it will cut 700 jobs, news that sent the company's stock down almost 7 percent to $9.76 per share.Symbol blamed its troubles on the economic sluggishness in the global retail market. The company said...
IRVINE, Calif.-Korean wireless content company UAngel Corp. has acquired majority ownership of Downplay Inc., a California-based content provider and Internet storefront. Terms of the deal were not disclosed.The move marks the entry into the U.S. wireless market for UAngel, which has operations in a...
OMAHA, Neb.-iSECUREtrac Corp., a provider of global positioning system and wireless monitoring solutions, received $11 million in funding from Mykonos 6420 LP, an affiliate of Sponsor Investments LLC of Dallas. The company issued 1 million shares of its newly created Series C 8-percent cumulative,...
REDMOND, Wash.-Perlego Systems said it had acquired over-the-air smart-phone management technologies from mobile software developer Action Engine. The provider of hosted solutions for mobile device management said the software allows carriers and businesses to control and protect applications and data across smart phones on...
IRVINE, Calif.-Broadcom Corp. announced a $150 million settlement to the class-action lawsuit filed by shareholders four years ago.The company said its insurance carrier would cover $40 million, while it would pay the rest."We have agreed to settle this lawsuit so that we may put...
VANCOUVER, British Columbia-Sierra Wireless Inc.'s stock tumbled more than 6 percent after JPMorgan downgraded the company to underweight due to its sales prospects in the United States and Europe.The company's stock was trading at around $7.72 after the news.In a research note to investors,...
SANTA CLARA, Calif.-Semiconductor and processor company PMC-Sierra Inc. announced it will cut an additional 63 jobs as part of its previously announced restructuring plan. The news comes as the company expects to hit the high end of its second-quarter revenue forecast.PMC-Sierra's stock was up...
Following is a roundup of ratings and financial information relating to wireless companies announced this week by banking and investment firms and financial analysts.Standard & Poor's Ratings Services withdrew its ratings on Crown Castle International Corp. including its B corporate credit rating after the...
SAN DIEGO-ProfitLine, which provides telecom expense management services, said it has acquired mobile outsourcing company FedCel.The value of the deal was not disclosed."The addition of FedCel's expertise makes a great connection between wireline and wireless TEM, truly rounding out the value we provide to...
NEW YORK-Perfect Data Corp., which provides secure mobile solutions through its Sona Mobile Inc. subsidiary, closed a $5 million private placement.Investors purchased about 3,850 shares of the company's series B convertible preferred stock, which are convertible into 3.85 million shares of the company's common...
SARASOTA, Fla.-Tower company Global Signal Inc.'s board of directors increased its cash dividend to 45 cents per common stock share for the second quarter from 40 cents per share during the first quarter. The dividend is payable July 21 to stockholders of record on...
BATH, U.K.-Intel Capital was among the investors fueling a $20.5 million round of funding for PicoChip, the wireless semiconductor vendor said Thursday. Scottish Equity Partners led the round, which brought PicoChip's total funding to $41.5 million. Other investors include newcomer Rothschild, as well as...
BOSTON-American Tower Corp. announced a call for redemption of $75 million principal amount of its 9.375-percent senior notes due 2009.The redemption date is set for July 21. The notes will be redeemed at a price equal to 104.688 percent of the principal amount, as...
MESA, Ariz.-RF Code Inc., which develops hybrid radio-frequency identification data management software, said it closed a $20 million round of venture capital funding. The funds will be used for new product development and sales channel growth.The financing, led by QuestMark Partners and Intel Capital,...
SAN JOSE, Calif.-Signal processing technology and software-defined radio solutions supplier HelloSoft said it closed on an oversubscribed $16 million series B financing round led by TD Capital Ventures and new investors Mitsui & Company Venture Partners and Entrepia Ventures. The series B financing also...
