RealNetworks Inc. announced Wednesday that it will join the crowded mobile gaming playground, acquiring European publisher Mr. Goodliving for $15 million in cash. A 40-person company based in Helsinki, Finland, Mr. Goodliving has enjoyed success with mobile titles like "Trivial Pursuit," "MetalSmash Pinball" and...
SAN DIEGO-Wireless handset distributor InfoSonics Corp. reported reve-nues of $24 million for the first quarter, a 28-percent increase from $18.7 million reported during the first quarter of 2004.The company said posted net income of $315,000, or 50 cents per diluted share, compared with net...
TEL AVIV, Israel-Fixed-mobile network provider Outsmart Ltd. snared $17 million in a recent funding round from Accel Partners, Gemini Israel Funds and Magnum Communications Fund, the company said Tuesday. Outsmart said it will use the capital to deploy its SmartFMCTM offering, which allows operators...
OKLAHOMA CITY-Boosted by strong growth in both service and roaming revenues, Dobson Communications Corp. reported a 16.2 percent year-over-year increase in revenues from $233.8 million during the first quarter of 2004 to $277.8 million this year. Service revenues jumped 13.4 percent from $181.7 million...
ALEXANDRIA, Minn.-Rural Cellular Corp. reported mixed first-quarter results showing a modest increase in revenues offset by increased net losses and continued net customer losses, which the carrier attributed to network issues associated with technology migration plans.Total revenues for the first quarter increased slightly from...
SARASOTA, Fla.-Global Signal Inc. said it has closed a previously announced underwritten public offering of common stock. The company issued and sold 6.325 million shares of common stock, including 575,000 shares as part of an overallotment option, for $30.70 per share. Net proceeds totaled...
NEW YORK-Mobile handset design company China TechFaith Wireless Communication Technology Ltd. scored around $141 million in its initial public offering Thursday, coming in at the high range of its expectations.The company's stock was down slightly in its second day of trading to about $15...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. posted a slight rise in revenues but reversed its profits from a year ago with a $900,000 loss in its first quarter. The company's stock was down slightly after the news to $14.77 per share."I am pleased with...
Shares of Jamdat Mobile Inc. soared Friday after the mobile content provider reported better-than-expected first-quarter earnings and offered bullish projections for the rest of the year. Jamdat, which develops and publishes mobile games and other content, netted $2.7 million, or 13 cents per share,...
CALABASAS HILLS, Calif.-Revenues from THQ Inc.'s wireless subsidiary more than tripled during the fiscal fourth quarter compared with last year, helping push the company to an 86-percent gain in overall profits during the period. Net income for the quarter was $10.1 million or 24...
CHICAGO-Royal Philips Electronics today announced the sale of 30 million shares of common stock in Navteq Corp., a provider of digital maps for vehicle navigation and location-based solutions, by its subsidiary Philips Consumer Electronic Services. Philips will gain about $1.13 billion on the sale...
In what is expected to be its final quarterly financial report before being acquired by Alltel Corp. later this year, Western Wireless Corp. posted a company record 58,600 domestic net customer additions during the first quarter of this year. The company noted the growth...
SAN DIEGO-Qualcomm Inc. reiterated its third-quarter expectations, news that appeared to mollify investors. The company's stock was up slightly in trading after the news to about $35.49 per share.Qualcomm April 20 forecast third-quarter revenues of between $1.26 billion and $1.36 billion and its earnings...
SARASOTA, Fla.-Tower company Global Signal Inc. said it will issue 5.75 million shares of its common stock at $30.70 per share, closing May 9. Morgan Stanley and Banc of America Securities L.L.C. are representing the underwriters.The company's stock was up slightly on the news...
Venture capital continued to flood mobile gaming Tuesday as publisher Sorrent Inc. announced it raised $20 million in its latest round of funding.Granite Global Ventures led the Series D round, with current investors BA Venture Partners, New Enterprise Associates, Globespan Capital Partners and Sienna...
ANCHORAGE, Alaska-Alaska Communications Systems Group Inc. posted a 47-percent increase in wireless revenues during the first quarter from $11.6 million in 2004 to $17.1 million this year. The company noted wireless revenues accounted for 22 percent of its $77.4 million in revenues during the...
BOCA RATON, Fla.-Tower company SBA Communications Corp. reported increasing revenues and a shrinking net loss, news that sparked its shares up slightly to $8.50 per share. The company purchased 51 towers during the quarter, bringing its total number of towers to 3,113."Once again, we...
OMAHA, Neb.-iSecuretrac Corp., which offers global positioning system tracking solutions, announced private equity company Sponsor Investments L.L.C. has pledged to make an $11 million equity investment in the company. The preferred stock transaction is expected to close in mid-June and is subject to approval...
Two of the nation's top mobile content providers reported strong first-quarter results last month even as they offered differing forecasts for the second quarter. VeriSign Inc.'s new mobile content operations helped fuel a five-fold increase in its first-quarter profits, the Internet and telecommunications networks...
Microsoft Corp.'s revenues rose 5 percent in its third quarter, while its net income sprang from $1.32 billion in the same quarter last year to a major $2.56 billion. The news pushed the company's stock up slightly to $24.89 per share.In the company's mobile...
SINGAPORE-Contract electronics manufacturer Flextronics posted shrinking revenues but a higher net income in its fourth quarter, news that helped send its stock up around 4 percent to around $11 per share. "While our quarterly revenue and operating profits were less than expected due to...
Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week.Merrill Lynch upgraded its rating on Freescale Semiconductor from neutral to buy, saying the company is improving its margins even though revenue growth is...
HOUSTON-Crown Castle International Corp. reported a net loss for the first quarter of $128.8 million, including $82.6 million in losses for early retirement of debt.That compares with a net loss of $76.6 million for the same period last year, which included $24.4 million of...
HONG KONG-Chinese wireless company Tom Online Inc. announced plans to sell 18 percent of its holdings in Indiagames Ltd. to Cisco Systems Inc. and Macromedia Inc.The two California-based companies will pay $4 million for a combined stake in the gaming publisher, which distributes titles...
