WOBURN, Mass.-Boston Communications Group Inc. said it will contest a class-action suit brought by some shareholders in the wake of last month's $128 million patent-infringement verdict.The new suit seeks unspecified damages against the wireless network access management and back-end services provider, claiming among other...
SUNNYVALE, Calif.-Proxim Corp. said it has received notice from the Nasdaq Stock Market Inc. that it has failed to meet minimum bid requirements and could be delisted.The company's share price has closed below the $1 per-share minimum requirement for at least 30 days. Proxim...
CAMBRIDGE, United Kingdom-Bango plc, a company that has developed technology to simplify mobile content, said it is seeking admission to trade on London's Alternative Investment Market. The company said it hopes to raise about $9 million, net of expenses, by placing new shares with...
FORT LAUDERDALE, Fla.-GlobeTel Communications Corp. announced it will acquire the assets of HotZone Wireless L.L.C., which develops WIMAX and extended range Wi-Fi systems. GlobeTel will pay around 2 million shares over three years for the deal. The company's shares were down slightly after the...
The wireless industry's drive for cost efficiencies has seen marked improvements during the past several years as many carriers have begun posting operating profits after years of racking up huge debts. Those improvements have been bolstered by greater operating efficiencies as carriers have balanced...
The following wireless companies received ratings changes or guidance this week from financial services and investment firms. MetroPCS, Nortel, Motorola, Sprint, Alltel, U.S. Cellular and Telus mentioned.Standard & Poor's Ratings Service withdrew its CCC/Negative/- corporate credit and senior unsecured debt ratings on MetroPCS Inc....
STOCKHOLM, Sweden-Wireless technology company Ericsson has acquired Spanish software developer NetSpira Networks S.L. in an effort to bolster its mobile data offering, the company said Friday.Terms of the deal were not announced.Ericsson said it will integrate NetSpira's technology to allow wireless carriers to provide...
VIENNA, Va.-Tachyon Networks Inc., which provides global satellite technology solutions, said it raised an additional $7 million in venture-capital financing to fund expansion of its operations.The expansion is focused on Asia, the Pacific Rim, Latin America and Africa. The company said it expects this...
CARROLLTON, Texas-CellStar Corp. said it has obtained a waiver from its lenders under its domestic revolving credit facility to extend the date by which it must file its annual report for 2004 and its quarterly report for the period ended Feb. 28 to July...
SAN JOSE, Calif.-Location specialist SiRF Technology Holdings Inc. will pay $20 million for global positioning system chipset product lines from Motorola Inc., the company announced Thursday.SiRF, which makes tracking and navigational equipment for semiconductor chips, said it plans to purchase Motorola products used in...
SAN FRANCISCO-Trilibis Mobile, which provides mobile software solutions for online communities and content providers, said it raised $1 million in its series A private placement round. The funds will be used for further product development, general sales and marketing programs.Trilibis released its first mobile...
CHICAGO and SAN JOSE, Calif.-Motorola Inc. and Siemens AG both made investments in small wireless firms this week.Motorola said Wednesday it made a strategic minority investment in Sonaptic Ltd.Headquartered in High Wycombe, United Kingdom, Sonaptic has developed technology that creates a three-dimensional sound environment....
TOKYO-TDK Corp. said it bought Hong Kong-based Amperex Technology Ltd., a manufacturer of polymer lithium batteries, for $100 million. TDK is a Japanese electronics parts maker, and TDK's batteries are used in mobile devices. TDK said the purchase covers all the assets of ATL...
Nortel Networks Corp. reported overdue first-quarter results, including revenues of $2.54 billion, an increase of 4 percent from revenues of $2.44 billion reported during the first quarter of last year. Revenues were down slightly from fourth quarter revenues of $2.62 billion.Net loss for the...
DENVER-TensorComm, which designs technology to increase CDMA and W-CDMA network capacity and efficiency, said it scored $7 million in financing.The company holds a patent for an Interference Cancellation Technology made up of a component that fits in a mobile handset and allows for improved...
COLUMBIA, Md.-Paratek, which develops electronically tunable miniature 3D RF devices, completed its series C financing of $15 million.Polaris Venture Partners, Morgenthaler Ventures, Novak Biddle Venture Partners, Investor Growth and ABS Ventures all participated in the round.
STOCKHOLM, Sweden-L.M. Ericsson said it sold all its shares in Anoto Group AB to Norden Technology AS for an undisclosed amount. Ericsson previously owned 17.9 percent of Anoto Group AB, which licenses a digital pen and paper technology allowing partners to develop products and...
ATLANTA-SmartVideo Technologies Inc. said it has purchased the intellectual property rights to five new games from Pixiem.SmartVideo will offer the games, developed specifically for smart phones, for download or for playing through its Web site, the company's links at the Microsoft WindowsMedia.com/mobile site and...
The following wireless companies received upgrades or downgrades from financial and investment firms this week.Moody's Investors Service assigned a B3 rating to the proposed senior secured credit facilities of Virgin Mobile USA with a positive outlook. The rating reflects the challenging operating environment the...
BOCA RATON, Fla.-SBA Communications Corp. extended its pending exchange offer for all $250 million of its outstanding series of 8.5-percent senior notes due 2012.The expiration date, originally scheduled for May 26, has been extended to June 2. As of the end of the day...
MOUNTAIN VIEW, Calif.-Two companies that provide software for wireless applications announced new funding this week.Quickoffice Inc., which provides office document software for mobile users, said it completed a $7 million first institutional round of private-equity financing. The round was led by venture-capital firm Mayfield....
HOUSTON-Crown Castle International Corp. said it priced $1.9 billion of senior secured tower revenue notes, series 2005-1, which will be issued by its indirect subsidiaries in a private transaction.Net proceeds from the offer will be used to fund the tender for several classes of...
NEW YORK-Lucent Technologies Inc. will pay Lightbridge Inc. $1.4 million to settle a lawsuit between the two companies. The settlement arises out of a software distribution deal gone sour.Lightbridge disclosed the payment in a filing with the Securities and Exchange Commission. According to the...
The Helsinki Stock Exchange issued a warning to Nokia Corp. for what it described as "breaching the disclosure requirements applicable to listed companies."The stock exchange said Nokia did not disclose a change in its fourth-quarter earnings per share as it should have. In October,...
