REDWOOD CITY, Calif.-Wireless phone operating system developer IXI Mobile Inc. announced that venture-capital firm Concord Ventures has invested $4.3 million in the company. IXI Mobile will use the funds to drive product development and fuel sales growth.The company's IXI-Connect OS was recently licensed by...
Research In Motion Ltd. said it will pay NTP Inc. $450 million to settle a patent infringement lawsuit.RIM's shares were up nearly 18 percent on the news to $79.13 per share.RIM, which manufactures BlackBerry wireless e-mail products, said the agreement gives it the right...
Triton PCS Holdings Inc. reported fourth-quarter 2004 and annual 2004 financials that included declining average revenue per user and increased churn. The carrier said the transition of customers related to its property exchange with Cingular Wireless L.L.C. and AT&T Wireless Services Inc. during the...
CARY, N.C.-Tower company SpectraSite Inc. reported results for the fourth quarter and full year ended Dec. 31, 2004, and updated its 2005 outlook. In 2004, the company said it achieved record revenues and net cash provided by operating activities of $355.1 million and $141.1...
Both Leap Wireless International Inc. and Dobson Communications Corp. in unrelated deals said that with the help of Daniels & Associates, they are selling and then leasing back towers. Leap is selling 142 towers to Mountain Union Telecom L.L.C. for $18 million. It will...
MOUNTAIN VIEW, Calif.-Bytemobile Inc. said it has acquired ProQuent Systems Corp. in a stock-for-stock exchange.The companies did not, however, disclose the value in dollar terms.ProQuent provides multiple-services switching platforms for intelligent tracking, analyzing, authorizing and enforcing solutions for operators.Bytemobile also said T-Mobile UK has...
Following is a roundup of wireless industry companies that were either upgraded or downgraded this week by financial investment and analyst firms.UBS upgraded Qualcomm Inc. to buy from neutral on solid growth estimates for W-CDMA technology based on favorable handset pricing and form factor,...
SANTA CLARA, Calif.-The chip business is looking good for Intel Corp. again as the bellwether raised its revenue guidance for the first quarter to between $9.2 billion and $9.4 billion, up from between $8.8 billion and $9.4 billion.This impressed J.P. Morgan. "Although Intel raised...
BOCA RATON, Fla.-Tower operator SBA Communications Corp. announced a fourth-quarter net loss of $41.8 million, or 66 cents per share, compared with a net loss of $52.8 million or 98 cents per share in the same period last year.The company, which has adjusted its...
ALAMEDA, Calif.-UTStarcom Inc. said it will file a request with the Securities and Exchange Commission to delay its annual report for 15 days. The company said the delay would give it time to tabulate the financial effect of "a related party" as well as...
NEW YORK-Once again, the tower operators are postponing their earnings releases for the fourth quarter. The major players, American Tower Corp., Crown Castle International and Global Signal Inc., said they are still reviewing their accounts.Others like SBA Communications and SpectraSite have not released their...
KING OF PRUSSIA, Pa.-The Securities and Exchange Commission is reviewing InterDigital Communications Corp.'s financials from 2003 and 2004, a move that the company said could result in financial adjustments. The news comes in conjunction with InterDigital's fourth-quarter report, which showed the company's revenues increasing...
BOSTON-American Tower Corp. said it will postpone its 2004 earnings release for the second time to enable it to complete the year-end audit of the company.The company had earlier delayed the results release until today.The tower operator said it anticipates a loss of between...
SAN FRANCISCO-Mobile messaging and billing company mBlox Inc. scored $7.5 million from Orix Venture Finance L.L.C. The company to date has raised more than $25.8 million in funding. "Orix chose to fund mBlox because it believes in our business plan and in the strength...
CARLSBAD, Calif.-Wireless networking company Helicomm announced it acquired WirelessPlug, which makes wireless machine-to-machine modems working over GPRS, GSM and CDMA technologies for the Asian market. Terms of the deal were not disclosed."The combination of Helicomm's embedded wireless modules and network gateways with WirelessPlug's industrial-grade,...
SAN FRANCISCO-Texas Instruments Inc. said it has narrowed its forecast for its quarterly earnings owing to weaker demand for its television and video projector chips.The chip bellwether said it anticipates revenue of between $2.91 billion and $3.03 billion with earnings of between 22 cents...
ALLENTOWN, Pa.-Agere Systems Inc. said it has acquired Modern-Art Ltd., a privately held maker of processor technology for UMTS devices.The purchase cost Agere $145.1 million in cash and stock."This acquisition is a milestone in an 18-month relationship from which we have already successfully launched...
LAGUNA NIGUEL, Calif.-Over-the-air software developer Bitfone Corp. said it has secured an undisclosed amount of funding from Qualcomm Inc. The investment is the latest from the chipmaker's strategic investment arm, adding to Qualcomm's portfolio of companies driving the market for third-generation services. Bitfone said...
WALTHAM, Mass.-Colubris Networks said it has secured $15 million in its third round of institutional funding. The company's total funding now stands at $36 million.Colubris, which provides wireless local area network systems, plans to use the funds to expand its global sales channels and...
Siemens AG announced it would implement an aggressive cost-cutting effort to reinvigorate its mobile-phone business, a move that coincides with the company's plan to initiate a product offensive with 15 new phones this year.Siemens' announcement comes as relatively little surprise. Industry for months has...
SHERMAN OAKS, Calif.-Mobile TV provider VStar has locked up $15 million in financing in a recent round co-led by Charles River Ventures and Bessemer Venture Partners, the company said Friday.VStar's 1KTV network delivers news, sports updates, music and other multimedia content from ABC News,...
HOUSTON-Crown Castle International said it experienced better-than-expected lease activity for 2004 with more than a 40-percent increase in site-leasing activity compared with 2003.The company has put off its earnings release and conference call for March 9 and March 10 respectively. The postponement was triggered...
Following is a roundup of ratings changes for companies in the wireless market during the week of Feb. 28.JP Morgan upgraded its rating on Texas Instruments from Underweight to Neutral on expectations of a mild upturn in the semiconductor industry beginning this year and...
RALEIGH, N.C.-Summus Inc., which provides mobile media applications, said it has raised more than $4 million in operating capital through an exercise of warrants. Summus received just more than $4 million from the exercise, which included 12.4 million warrants to purchase shares of the...
