PARIS-French telecommunications vendor Alcatel SA's net income tumbled from $359 million last year to $160 million in the first quarter, news that sent the company's stock falling almost 10 percent to around $10.63 per share."During the first quarter, the operating margin was impacted by...
LONDON-Japanese mobile giant For-side.com will acquire U.K. content provider iTouch plc for $343 million, the companies announced Thursday.For-side, which already owns 4.5 percent of iTouch, has agreed to pay a 27-percent premium for the remaining 95.5 percent. The Tokyo-based company plans to use the...
BELLEVUE, Wash.-Shares of InfoSpace Inc. slid more than 25 percent Wednesday and several analysts downgraded the stock after the Web search and mobile content company issued a disappointing second-quarter forecast. InfoSpace reported first-quarter revenues of $87 million, up 81 percent from last year's first-quarter...
MEXICO CITY-Tracfone said it added 457,000 subscribers during the first quarter in the United States, reaching 4.9 million total subscribers.Operating revenues stood at $231 million for the quarter, up 32.6 percent from $174 million during the same period last year. The company said service...
SAN DIEGO-Wireless broadband access solutions provider Novatel Wireless Inc. reported revenues of $32.3 million for the first quarter, a 113-percent jump from the $15.1 million the company reported for the first quarter of 2004.Net income, including a noncash provision for income taxes of $1.4...
BURLINGTON, Mass.-Lightbridge Inc. announced plans to sell its wireless technology platform and customer base to VeriSign Inc. for $17.45 million in cash.The e-commerce company said it is off-loading its prepaid intelligent network business, a real-time voice and data usage tracking service marketed to wireless...
SANTA MONICA, Calif.-Clearstone Venture Partners announced it scored a third round of venture capital totaling more than $200 million. The round brings its total capital to more than $650 million.Clearstone said it will put the funds toward the "next wave of scalable markets," which...
VANCOUVER, British Columbia-Wireless modem maker Sierra Wireless Inc. reported results slightly ahead of expectations, but forecast that its losses would continue. The news extended the company's stock slide, with investors dropping the company's shares to around $7.35 per share."Our financial results for the first...
Ericsson managed to rev up both net sales and income in its first quarter compared with the same quarter a year ago, news that pushed investors to send the company's stock up slightly to $30.87 per share. Ericsson's net sales leapt 12 percent in...
The following wireless companies had debt ratings changes by financial services firms this week.Standard & Poor's Ratings Services placed its ratings on four wireless tower companies on CreditWatch with positive implications. The companies are SpectraSite Inc., Crown Castle International Corp., AAT Communications Corp. and...
NEW YORK-Motorola Ventures acquired a stake in Asylum Telecom L.L.C., an Internet-based communications company with clients in 25 countries.The investment arm of Motorola Inc. declined to disclose terms of the investment, which was made in the form of a convertible secured note.Asylum, a 2-year-old...
OTTAWA, Ontario-SIPquest, which develops Session Initiation Protocol-based Internet Protocol software applications and technology, said it secured $6 million of venture funding.Current investors Covington Capital and Skypoint Capital both participated in the funding. The company said it will use the funds to advance customer deployments...
MOUNTAIN VIEW, Calif.-VeriSign's new mobile content operations helped fuel a five-fold increase in its first-quarter profits, the Internet and telecommunications networks company said late Wednesday.VeriSign reported a first-quarter net income of $49 million, or 19 cents a share, compared with a $9 million or...
Alltel Corp. posted mixed first-quarter wireless results with the company reporting an 11-percent year-over-year increase in total net customer additions, but a 23-percent drop in internally driven customer growth. For the first three months of this year, Alltel said it added 174,798 net subscribers...
Both Nokia Corp. and Motorola Inc. posted first-quarter results above expectations, news that helped bump up the tech-heavy Nasdaq around 1.5 percent to 1943 points. Nokia and Motorola too enjoyed investors' enthusiasm. Nokia's stock bounced up around 6 percent to $16.25 per share, while...
RFB Cellular, which filed for chapter 11 bankruptcy protection in 2003, reported that a pair of its subsidiaries had initiated auction processes to sell the company's remaining assets of spectrum licenses in California and Massachusetts. The deals include Alpine-California F L.L.C. signing an agreement...
Qualcomm Inc. reported revenues of $1.37 billion for its fiscal second quarter, which is up 12 percent from revenues of $1.2 billion during the second quarter of last year but down 2 percent sequentially. Net income was $532 million, up 9 percent from $488...
Sprint Corp. surpassed most estimates by posting 518,000 net direct customer additions during the first quarter of this year, ending the quarter with more than 18.3 million direct subscribers on its network. Analysts were expecting the carrier to post around 400,000 direct subscriber additions...
SAN MATEO, Calif.-Mobile game publisher Kayak Interactive continued to add to its portfolio of titles Wednesday, acquiring New Hampshire-based developer Chasma Interactive Publishing. Terms of the deal were not disclosed. The acquisition includes two games slated for launch in coming weeks: Internet puzzle game...
Building on its industry-leading customer growth during the fourth quarter of last year, Cingular Wireless L.L.C. posted 1.4 million net customer additions during the first three months of this year, ending the quarter with 50.4 million total subscribers. The results were a significant improvement...
SANTA CLARA, Calif.-Chipmaker Intel Corp. announced a solid first quarter with a jump in net income of 25 percent. The news sent the company's stock up slightly to $23.27 per share.Intel posted revenues of $9.4 billion for the first quarter, up 17 percent from...
FORT WORTH, Texas-Citing disappointing wireless sales, RadioShack Corp. posted a 13-percent drop in net income during the first quarter from $68.3 million last year, or 41 cents per share, to $55 million this year, or 34 cents per share. The results were at the...
SEOUL, South Korea-LG Electronics Co. Ltd. reported a drop in its companywide first-quarter sales and an 86-percent dive in its net profits compared with the same quarter a year ago. However, the company's handset business posted some gains, mainly on its growing North American...
Lucent Technologies Inc. announced Tuesday a reorganization as it also reported increasing wireless revenues. Lucent said it is reorganizing its operations by combining its mobility and wireline business units into a single group, leaving its services business as a separate group.Patricia Russo, Lucent's chairman...
