DALLAS-Texas Instruments Inc. reported revenues of $2.97 billion for the first quarter, which is about even with the $2.94 billion the company reported for the first quarter of last year, but down 6 percent sequentially due in part to declines in its semiconductor business.Net...
Wall Street has generally had a harsh view of Lucent Technologies Inc. The company's stock is trading near its 52-week low of $2.49 per share, and most analysts rate it as a neutral or hold. However, some see Lucent as a shining light among...
Last year marked somewhat of a turnaround for the worldwide wireless industry-carrier capex spending increased by 18 percent in 2004 compared with 2003 levels after several years of declines, according to UBS. The same was true in North America, where capital expenditures increased 7...
TORONTO-Nortel Networks Corp. said it expects to file 2004 audited financial statements for itself and its subsidiary, Nortel Networks Ltd., by the end of this month.The company is required by the Ontario Securities Commission to provide bi-weekly status updates on its affairs until it...
Handset vendors Samsung Electronics Co. Ltd. and Sony Ericsson Mobile Communications both suffered notable declines in their its first-quarter financial results. The mixed results appeared to vex investors, who sent Motorola Inc. and Nokia Corp.'s shares down slightly after the news. The declines were...
The following wireless companies' ratings were changed by financial services companies this week.Standard & Poor's Ratings Service raised its corporate credit and senior unsecured debt ratings on Agilent Technologies Inc. from BB to BB+, citing sustained improvements in the company's profitability and cash-flow generation....
TAMPA, Fla.-Wireless retailer and hot-spot operator FTS Wireless Inc. said it expects its gross wireless activations to grow by at least 50 percent during the second quarter. "In the first quarter of '05, we grew sequential wireless activation levels by more than 40 percent,"...
OLATHE, Ky.-RELM Wireless Corp.'s board of directors is exploring strategic alternatives for the company and has retained Jefferies Quarterdeck as its financial adviser. RELM designs and manufactures land mobile radios and base station systems.
LAS VEGAS-Lottery operator Win Win Gaming Inc. is entering the wireless arena, announcing its intent to acquire mobile entertainment publisher Pixiem Inc. Terms of the proposed deal were not disclosed.Win Win, which operates international lottery games, said it has signed a non-binding letter of...
SUNNYVALE, Calif.-Flash memory technology vendor Silicon Storage Technology Inc. announced it purchased privately held Actrans Systems Inc. for around $20 million in stock and cash. Actrans designs flash memory and EEPROM. SST said it will add Actrans' split-gate NAND flash technology into its portfolio...
PARIS-Venture-capital firm Sofinnova Partners said it closed its first round of fund-raising for mobile-gaming company InfraWorlds. The first round of seed capital totaled $1.752 billion. Lafayette International also participated.Sofinnova's Jean Schmitt has joined InfraWorld's supervisory board as part of the financing.
Mobile handset design company China TechFaith Wireless Communication Technology Ltd. filed for an initial public offering of American Depositary Shares and could raise up to $150 million, according to documents filed with the Securities and Exchange Commission. The company did not include its proposed...
Following is a list of wireless companies that received ratings changes by financial and analyst firms this week.Merrill Lynch upgraded its ratings on several semiconductor companies. Among its upgrades were Intersil from sell to neutral and its rating on Broadcom from neutral to buy....
HELSINKI, Finland-Nokia Corp. announced several resolutions at its annual general meeting held this week.The company resolved to distribute a dividend of 42 cents per share as recommended by its board of directors. The ex-date of the dividend payment is April 8, and the record...
RESEARCH TRIANGLE PARK, N.C.-Integrian, which develops mobile digital video technology for public-safety, transportation and federal government markets, said it has secured $13 million in growth capital through a series B venture-capital investment.The company said it will use proceeds of the financing to expand product...
BRISTOL, United Kingdom-Wireless semiconductor company Icera said it completed a $10 million extension to its July 2004 series B funding round, which now totals $32.5 million. Icera said the round was fully subscribed by existing investors Accell Partners, Atlas Venture and Benchmark Capital. The...
LONDON-London-based DAT plc announced it acquired Berlin-based synchronization company Synchronica Software GmbH for around $1.7 million. DAT said the company will continue to operate as a separate entity and under the Synchronica name."This is a very positive news for Synchronica, our customers and partners,...
SANTA BARBARA, Calif.-Superconductor Technologies Inc. said the Nasdaq Stock Market has notified it that its minimum share price has fallen below the $1 per-share minimum requirement for the last 30 days.The company has 180 days, or until Oct. 3, to regain compliance with the...
BlackBerry maker Research In Motion Ltd. reported another solid quarter, although its results were pulled down by its settlement expenses with patent-holding company NTP Inc. and its higher-than-anticipated tax provisions. The company's mixed results gave investors pause, with RIM's stock falling slightly after its...
FORT LAUDERDALE, Fla.-Technology holding company Ener1 Group said it has acquired Russia's largest producer of wireless and console video games.Ener1 added Moscow's Nival Interactive L.L.C. to its portfolio, saying it will integrate the publisher's 140-employee development studio with Ener1's U.S.-based video game operations. Nival...
PLEASANTON, Calif.-Trapeze Networks, which makes wireless local area networking systems, said it raised $17.5 million in its third-round series C funding.The company has raised a total of $67.5 million to date.Leading the series with a $4 million investment was venture-capital firm Duff Ackerman &...
SUNNYVALE, Calif.-Semiconductor supplier Advanced Analogic Technologies Inc. filed for a $172.5 million initial public offering. The company filed for the ticker symbol AATI.Advanced Analogic Technologies supplies application-specific power management technologies for electronic devices. The company offers more than 400 power management products comprising Power...
NEW YORK-Banc of America Securities upgraded its communications equipment sector outlook from neutral/negative to positive, according to Forbes.The firm indicated it expects the sector's stocks to rebound and that it is upbeat on the handsets and networking sectors. Bank of America called Qualcomm Inc.,...
ESPOO, Finland-Aerospace and defense company EADS announced it is in advanced negotiations to acquire Nokia Corp.'s Professional Mobile Radio business. Financial details of the negotiations were not disclosed. "This move enhances EADS' position in the global homeland security sector Together, Nokia's TETRA and our...
