BEDFORD, Mass.-Boston Communications Group Inc. said an independent auditor will reissue its opinion on the company's 2004 financial statements in the wake of the company's loss in a $128 million patent infringement suit. BCGI said accounting firm Ernst & Young LLP will reissue its...
SAN MATEO, Calif.-Sonim Technologies said it has signed an agreement to acquire Synergy Infotech Private Ltd. The terms of the deal were not disclosed. Synergy Infotech is a software development company based in Bangalore, India."For the last five years, Sonim and Synergy have been...
SUNNYVALE, Calif.-Proxim Corp., which provides Wi-Fi and broadband wireless access solutions, has agreed to sell substantially all of its assets to Moseley Associates Inc. The agreement calls for Moseley to buy and assume most of the domestic and foreign operations of Proxim for $21...
Leap Wireless International Inc. reported delayed first-quarter results that were in line with recently released guidance. Leap previously stated that the delayed reporting was due to accounting issues. The carrier said it added 45,575 net subscribers during the first quarter, counting 1.615 million customers...
LONDON-Revenue-assurance company Azure Solutions announced it scored $15 million in venture funding. Doughty Hanson Technology Ventures led the round, with Intel Capital, New Venture Partners, AG Edwards and Hexagon Investments participating."To attract funding from companies of the caliber of Doughty Hanson and Intel Capital...
MISSISSAUGA, Ontario-Mobile computing company Psion Teklogix Inc. announced it acquired image capture firm Symagery Microsystems Inc. Terms of the deal were not disclosed.Psion Teklogix uses Symagery's solutions in its Workabout Pro 7535 rugged handheld computers. The company said the acquisition will give it a...
Following are wireless company and industry ratings changes made by financial services and investment banking firms this week.In a telecom services report, Merrill Lynch said it expects Verizon Wireless will gain share during the second quarter, while Cingular's growth will remain solid but slower....
PORTLAND, Ore.-Enhanced directory-assistance provider Metro One Telecommunications Inc. said it closed two call centers in May and expects to close an additional nine call centers by the end of this summer as part of a corporatewide program to cut costs.One of the nine call...
Investment banking firm Merrill Lynch said it expects the wireless industry's five nationwide operators to post a 4.5-percent year-over-year improvement in gross subscriber additions during the second quarter driven by continued strong growth of family plans. Individually, Merrill Lynch said it was raising its...
SINGAPORE—Electronics manufacturing services company Flextronics said it will score more than $550 million in upfront cash payments from the sale of its network and semiconductor businesses. AMIS Holdings Inc. will buy the company's semiconductor business, and as previously announced Telavie AS will buy its...
Chipmakers Skyworks Solutions Inc. and Qualcomm Inc. announced they settled their patent battle with a cross-licensing agreement. Qualcomm will have access to the Skyworks patents under litigation, and vise versa. Further, Skyworks will license out its Selectable Mode Vocoder patent portfolio to Qualcomm. The...
BASINGSTOKE, United Kingdom-Motorola Ventures announced an undisclosed strategic investment in Anam Mobile, a messaging infrastructure provider for short message service and multimedia messaging service (MMS) delivery platforms. The investment arm of the world's No. 2 handset provider cited Anam's patented Smart Services Framework, which...
Three companies announced new funding rounds this week. SiBEAM Inc., which develops gigabit wireless technology, said it secured $15 million in series A funding from New Enterprise Associates, US Venture Partners and Foundation Capital. The company, which was founded earlier this year, plans to...
BETHESDA, Md.-Iridium Satellite L.L.C. said it closed a $32 million senior secured credit facility with Bank of America N.A. The company said the financing has allowed it to consolidate debt and reduce interest expenses.
Nextel Communications Inc. reported in a government filing that its Nextel Operations Inc. subsidiary, U.S. Bank National Association, JP Morgan Chase Bank N.A. and other issuing banks have issued a $2.5 billion standby letter of credit in connection with Nextel's 800 MHz Relocation Trust...
LAVERSTOKE, United Kingdom-NewVoiceMedia, which provides computer telephony integration solutions, said it acquired International Communications Systems Ltd.'s secure instant messaging technology. The acquisition allows NewVoiceMedia to provide its call center and enterprise customers with a secure and recordable instant messaging service, said the company.NVM said...
Proxim Corp., which provides Wi-Fi and broadband wireless access solutions, has agreed to sell substantially all of its assets to Moseley Associates Inc. The agreement calls for Moseley to buy and assume most of the domestic and foreign operations of Proxim for $21 million....
MELBOURNE, Fla.-Shares of Harris Corp. jumped Friday after the communications technology provider raised its outlook for fiscal year 2006.After Thursday's closing bell, Harris said demand for its tactical radios would help push its revenue growth to more than 10 percent for the year, and...
The following wireless companies had ratings changes or information notes from financial services and investment banking firms this week.Robert W. Baird made several changes within its telecom coverage universe following the Supercomm show this week in Chicago. In general, the firm said news out...
CARROLLTON, Texas-Logistical services provider CellStar Corp. will be delisted by the Nasdaq tomorrow after failing to gain an extension to file its 2004 annual report and its 2005 first-quarter report, the company said late Wednesday.The distributor of wireless products said the inability to file...
The tenuous agreement between embittered combatants Research In Motion Ltd. and NTP Inc. appears to have fallen apart-RIM announced it will ask a U.S. court to enforce the companies' recently announced settlement."NTP refuses to honor its obligations under the term sheet and finalize the...
HOUSTON-Crown Castle International Corp. completed the sale of its previously announced offering of $1.9 billion of senior secured tower revenue notes, series 2005-1, in a private transaction.The notes include five investment-grade classes with a weighted average interest rate of about 4.89 percent.Ben Moreland, chief...
REDWOOD SHORES, Calif.-Oracle Corp., the world's biggest database maker, said it is adding to its portfolio with the acquisition of software developer TimesTen. Terms of the deal, which is expected to close in July, were not disclosed. The acquisition is Oracle's fourth since January,...
SARASOTA, Fla.-Global Signal Inc. filed a shelf registration statement with the Securities and Exchange Commission that calls for the company to sell up to $1 billion in debt securities, common stock, preferred stock, depositary shares or warrants.A shelf registration allows a company to file...
