SARASOTA, Fla.-Global Signal Inc. said it will review its financial statements owing to changes in accounting rules about ground leases instituted by the Securities and Exchange Commission.The tower operator said it will affect the two months ended December31, 2002, the fiscal year ended December...
NEW YORK—New research shows that large institutional investors upped their positions in the telecommunications market, which helped increase the capital inflow into the sector by 2.17 percent in the fourth quarter. The total influx of money was $3.2 billion, according to Susquehanna Financial Group...
HOLTSVILLE, N.Y.-Symbol Technologies Inc. reported record revenues for the fourth quarter, but its outlook dipped slightly below analyst expectations. Symbol's stock was down almost 11 percent following the news to about $15.87 per share.Symbol reported revenues for the fourth quarter of $450.5 million, just...
BOSTON-American Tower Corp. said it will restate its previously issued financial statements for periods ending on or prior to Sept. 30 last year.It will affect the three-year period ended December31, 2003, and the first three fiscal quarters of 2004."The company will restate financial statements...
TORONTO-Nortel Networks Ltd. said it will file its unaudited financial statements for the third quarter of 2004 and the unaudited financial statements for 2004 by the end of April.The company also indicated it had about $3.7 billion in cash at the end of last...
WASHINGTON-NextWave Telecommunications Inc. Tuesday emerged from bankruptcy following approval of its plan by Bankruptcy Judge Adlai Hardin Jr. NextWave filed for bankruptcy June 8, 1998."It has been a long and challenging road to get to this moment, which makes it all the more special....
Sprint PCS affiliate Alamosa Holdings Inc. posted $221.7 million in total revenues during the fourth quarter of last year, which was in line with analysts' estimates and a 32-percent improvement compared with the $168.2 million the carrier posted during the fourth quarter of 2003....
Jamdat Mobile Inc. may have finally climbed off the roller coaster.The mobile game maker posted a solid fourth quarter of 2004, reporting revenues of $11.6 million and a net income of $600,000, or 3 cents per diluted share, during the period. Jamdat netted $1.8...
NEW YORK-Deutsche Bank raised its rating on Infineon from "sell" to "buy" Thursday following news that the company plans to restructure its chip manufacturing organization, including phasing out manufacturing at its Munich Perlach plant in Germany.
Cingular Wireless L.L.C. said it has changed its accounting for operating leases related to cell sites to conform to generally accepted accounting principals resulting in restated financial results for fiscal years 2000 through 2003 and the first three quarters of 2004. The carrier noted...
EDINBURG, Va.-Rural telecommunications provider and Sprint PCS affiliate Shenandoah Telecommunications Co. said it added 4,560 direct wireless subscribers during the fourth quarter of last year, ending 2004 with 102,600 direct customers. The company added that it also signed up 7,734 wholesale subscribers during the...
DALLAS-Executives from Genesis Campus Funds announced they will form a new fund centered on wireless. Headed by wireless veterans Roman Kikta, Frank Lee, Michael Buckland and Wu-Fu Chen, the new Mobility Ventures II fund will raise between $75 million and $150 million."By the end...
DENVER-Following on a government filing last week, regional telecommunications provider Qwest Communications International Inc. is reportedly set to submit a revised bid for MCI Inc. that will include a greater percentage of cash than what was included in the initial $8 billion offer. Qwest's...
NEW YORK-Mobile music software company MusicGremlin Inc. picked up an undisclosed amount of capital in a recently closed Series B funding round led by Allen & Company LLC. The 2-year-old technology company, which is working to allow users to download tunes directly to their...
Sprint PCS affiliate Alamosa Holdings Inc. posted $221.7 million in total revenues during the fourth quarter of last year, which was in line with analysts' estimates and a 32-percent improvement compared with the $168.2 million the carrier posted during the fourth quarter of 2003....
IRVINE, Calif.-Startup Wispry Inc., which develops low-cost, high-performance tunable radio frequency components and modules, announced it scored $6.5 million in its first round of venture funding. Blueprint Ventures led the round, and American River Ventures, Sid R. Bass Associates and Shepherd Ventures participated. Wispry...
SCHAUMBURG, Ill.-Motorola Inc. lowered its fourth-quarter earnings by 1 percent, the company revealed in Securities and Exchange Commission filings. The company said the changes were "part of its normal closing process conducted to complete its year-end financial statements."Motorola lowered its fourth-quarter net earnings from...
MUNICH, Germany-Wireless investment group Siemens Mobile Acceleration said it completed its first investment in the United Kingdom with 3DiS, which specializes in machine-to-machine communications for fleet operators.SMAC is the sole investor in the round of institutional funding.3DiS offers a vehicle management system called Amicus...
PARIS-Semiconductor company Sequans Communications said it has secured and closed about $9 million in its Series B financing round from major Venture capital firms.Add Partners and Vision Capital co-led the round, according to Sequans.The company makes platforms and software for WiMAX."We believe in the...
LONDON-L.M. Ericsson enjoyed a ratings rebound that it attributes to its three years of restructuring after the telecom meltdown.Fitch Ratings awarded the vendor an investment-grade rating, which it expects to also improve.Ericsson fell to the "junk" bracket in 2002, a situation that prompted the...
SAN DIEGO-Publisher Random House said it has acquired a minority stake in startup company called Vocel to offer educational content to mobile-phone subscribers for a monthly fee. To prop up the deal with Vocel, Random House said it has licensed two programs. The first...
Pacific Growth Equities upgraded its rating for OmniVision Technologies Inc. to over weight from equal weight on news of the company's new OV7668 CameraChip. OmniVision, which supplies single-chip CMOS camera solutions, introduced the product this week at the 3GSM Show in Cannes, France. The...
SAROSTA, Fla.-Like other major tower operators, Global Signal Inc. said it plans to release its fourth-quarter and year-end 2004 financial results March 10. The decision followed a letter from the Securities and Exchange Commission calling for a change in lease accounting. It will affect...
Lucent Technologies Inc. said its shareholders have given the vendor the go-ahead to adopt a reverse stock split with a view to boosting its share price. It is the third consecutive year shareholders have approved a reverse stock split, but the U.S.-based vendor has...
