Mobility Electronics Inc. announced it scored a $10 million investment from Motorola Inc. and RadioShack Corp. for the expansion of its itip power products for low-power mobile electronic devices. Mobility Electronics said it will form an operating division exclusively dedicated to the design, development,...
Clearinghouse vendor NeuStar Inc. filed plans for a $690 million initial public offering last week, a further sign that the financial drought of the past few years is slowly washing away. Indeed, companies across the economic spectrum are seeing the light at the end...
Operating system vendor PalmSource Inc. reported slowing revenues and a net loss, but investors raised the company's stock by almost 5 percent after the news to around $9.48 per share."We continue to make progress in our plan to transform PalmSource into a broad-based software...
Following is a roundup of wireless companies that were either upgraded or downgraded by financial firms this week.Robert W. Baird upgraded its rating on Alamosa Holdings from neutral to outperform, saying recent weakness in the company's share price makes it a buying opportunity at...
LUBBOCK, Texas-Alamosa Holdings Inc. said it has set April 18 for the payment of its dividends for its 7.5 percent series B convertible preferred stock.The company said that it has the option to pay in cash shares of its series C convertible preferred stock,...
CARY, N.C.-SpectraSite Inc. said it has filed a statement with the Securities and Exchange Commission to offer 250,000 shares of its common stock to adjust to a market price obligation.This will fulfill a stock buyback agreement with Goldman, Sachs & Co., and the market...
ALAMEDA, Calif.-UTStarcom Inc.'s stock dropped almost 10 percent to $10.78 on news that the company will again delay its annual reports for 2003 and 2004. The company said it needs to "finalize its required review procedures and enable management to finalize its assessment of...
Although they recorded increased revenues, two tower operators suffered net losses in their financial results for the fourth quarter of 2004 compared with the previous year.For the full year, American Tower Corp. and Crown Castle had better results.In a written note, Raymond James noted...
NEW YORK-Dianet Communications Inc. said it has completed a $25 million financing facility with investment firm Wexford Capital L.L.C. Daniels & Associates arranged the facility.Dianet designs and builds distributed antenna systems to improve coverage in open areas and in buildings. The company recently won...
Clearinghouse vendor NeuStar Inc. hopes to raise up to $690 million in an initial public offering, according to documents filed with the Securities and Exchange Commission. The company filed for the ticker symbol NSTR. NeuStar manages telephone area codes and numbers and enables the...
Most venture capitalists dream of finding the next billion-dollar company hiding in an inventor's garage. Andy Garman, however, dreams of finding the next billion-dollar company hiding inside a current billion-dollar company. Garman is a managing partner with New Venture Partners L.L.C., a venture-capital firm...
GAITHERSBURG, Md.-Operations support systems solution company ACE*COMM Corp. said it has acquired 2helix, which provides network assurance, revenue optimization and business intelligence for carriers.The acquisition amounted to about $8.3 million, consisting of about 1.74 million shares of ACE*COMM common stock and notes for about...
BALTIMORE-Security technology company SafeNet Inc. said it will acquire DMDsecure B.V., a Dutch digital rights management software developer, for $9.7 million in cash.SafeNet plans to combine its security offerings with DMD's content DRM server, according to SafeNet Chief Executive Officer Anthony Caputo, in an...
Following is a list of wireless companies whose ratings were either upgraded or downgraded by financial services firms this week.Standard & Poor's lowered its ratings on Triton PCS Inc. from B- to CCC+ with a negative outlook. S&P said the ratings change was prompted...
LOS ALTOS, Calif.-Provigent Inc., which provides system-on-a-chip solutions for broadband wireless systems, said it has increased its third round of funding to $10 million. The total amount the company has raised now stands at $21 million. Provigent said the additional funding is a result...
BIRMINGHAM, United Kingdom-A licensing disagreement between GSM phone maker Sendo Holdings plc and wireless technology giant L.M. Ericsson has blossomed into a full-blown legal battle, with Sendo arguing that Ericsson and the European Telecommunications Standards Institute are conspiring to limit competition in the wireless...
NEW YORK-PlayTV and Pixel Technologies are joining forces to target emerging entertainment platforms such as mobile devices and interactive TV. PlayTV, a publisher of games and services for the digital set-top box, said Tuesday it has agreed to acquire cross-platform technology company Pixel Technologies....
EL SEGUNDO, Calif.-TelASIC Communications Inc. said it has raised $26 million in a series D round of financing.The company, which develops analog and mixed-signal integrated circuits and sub-systems for the third-generation wireless infrastructure market, said ComVentures led the round."ComVentures believes wireless base station technology...
MONTREAL-Mitec Telecom Inc. said it has closed its acquisition of the assets of Broadband Wireless L.L.C. for $1.2 million. Broadband Wireless specializes in amplifiers."This is a strategically important acquisition in terms of growth opportunities for our wireless business," said Rajiv Pancholy, president and chief...
Tower company SpectraSite Inc. said it lost $1.8 million in the fourth quarter, as part of its results for the period and full year. The company also revised its 2005 outlook. In 2004, the company said it achieved record revenues and net cash provided...
FORT WORTH, Texas-Electronics retailer RadioShack Corp. again cut its revenue expectations due to sluggish mobile-phone sales, as well as a slowdown in its battery sales."Business trends have underperformed our expectations," said David Edmondson, the company's president and chief executive officer-elect. "This has been driven...
NEW YORK-Following is a roundup of upgrades and downgrades of wireless companies by investment banks and financial analysts this week.Pacific Growth Equities upgraded Applied Micro Circuits from equal weight to over weight on recent changes in management. The company recently named Kambiz Hooshmand as...
CARROLLTON, Texas-CellStar Corp. received a Nasdaq notice that its shares are subject to delisting from The Nasdaq National Market due to its inability to timely file its annual report. CellStar previously delayed filing its Form 10-K while it resolves issues related to accounts receivable...
Global Signal Inc. said it recorded a fourth-quarter income of $4.1 million, amounting to a 34.4-percent leap over the same period in 2003 when it had a net income of $3.1 million.These figures give its shareholders 8 cents per share for the quarter compared...
