SEATTLE-M-commerce software developer Qpass announced Tuesday that it had acquired ucp morgen, a Vienna, Austria-based developer of content delivery software for network operators and content providers. Terms of the deal were not disclosed.Qpass said it will use the acquisition to broaden its product line...
LOS ANGELES-French mobile-game publisher In-Fusio continued to move into the U.S. market with the acquisition of Thumbworks, a Tustin, Calif.-based provider of entertainment content.Terms of the deal were not disclosed.Specializing in the "connected gaming" arena, In-Fusio has established footholds in Europe and China. The...
SAN RAMON, Calif.-PowerHouse Technologies Group Inc., a supplier of mobile software, said it can now collect the $12.8 million it won in a complaint against several defendants, including Joseph Ford Proctor, The Mayfair Capital Group and Brickhouse Venture Capital.The Superior Court of California also...
NEW YORK-Billing software company Amdocs enjoyed a stock rise on its fiscal first-quarter results.The company's quarterly revenues rose 3.8 percent to $469.5 million, its highest performance to date."In our view, Amdocs has broken away from the pack, and we believe the strong visibility levels...
Qualcomm Inc. savored another charmed quarter with a 46-percent jump in its net income, highlighting demand for its CDMA chipsets.The company said its net income for the first quarter was $513 million with diluted earnings per share of 30 cents, amounting to a 43-percent...
CAMBRIDGE, United Kingdom-Antenova Ltd., which provides integrated RF products, announced it scored $12 million in its third round of funding. KBC Peel Hunt arranged the round, and the company's existing investors Quester, Cambridge Gateway Fund, FNI Venture Capital and Nippon Investment Fund participated."This significant...
MONTREAL-SR Telecom Inc. said it is revising its estimates for consolidated revenues for the fourth quarter to between $22 million and $25 million due to delays in receiving major purchase orders under existing frame agreements. In addition, the company said it will not achieve...
Rural telecommunications and wireless services provider Ntelos Inc. said it has entered into an agreement with affiliates of Quadrangle Capital Partners LP and Citigroup Venture Capital that calls for the recapitalization and sale of Ntelos to Quadrangle and CVC. Published reports indicated a total...
AUSTIN, Texas-Freescale Semiconductors Inc. announced fourth-quarter profits as Scott Anderson, its president and chief operating officer, left the company stating it was time to move on.The company reported a full-year net income of $211 million, or 62 cents per diluted share, compared with a...
As expected, Motorola Inc. reported a strong fourth quarter on an upsurge in its mobile-phone sales-numbers good enough for the company to reclaim the No. 2 position in worldwide handset market.However, Motorola's stock dropped more than 7 percent after the news to about $16.18...
The overall first-quarter picture looks dim for Lucent Technologies Inc. Although its wireless business is humming along, Lucent's wireline business is the drag.The company reported a net income of $174 million or 4 cents per diluted share.This is in sharp contrast to the most...
Sony Ericsson Mobile Communications L.P. reported a solid fourth quarter, positive news for the Sony Corp.-L.M. Ericsson joint venture as it appears to be coming into its own in the worldwide handset market. "2004 really was a turning point for Sony Ericsson," said Martin...
SEOUL, South Korea-Samsung Electronics Co. Ltd. ended the year on a weak fourth quarter with a 2-percent drop in profits, but reported a profit for the year of $10 billion. The company said only nine companies in the world reported profits over $10 billion...
NEW YORK-Standard & Poor's Ratings Services placed its ratings on American Tower Corp. on CreditWatch with positive implications. S&P said American Tower, which has a B- corporate credit rating, had $3.2 billion of total debt outstanding at the end of September 2004."The CreditWatch listing...
SAN JOSE, Calif.-Cisco Systems Inc. announced it purchased privately-held Wi-Fi company Airespace Inc., based in San Jose, Calif., for $450 million in stock. Cisco said the deal would add wireless local area network controllers, access points, management and location software and security technology to...
TAMPA, Fla.-Syniverse Technologies Inc. set its previously announced initial public offering at 17.6 million shares selling between $20 and $22 each.The company in Securities and Exchange Commission filings said its underwriters would have the option to buy an additional 2.6 million shares. Lehman Brothers,...
ORLAND PARK, Ill.-Andrew Corp. said it acquired privately held Xenicom Ltd. for $11.5 million. Xenicom is a U.K.-based provider of software solutions that help telecommunications operators plan, launch, and manage wireless networks. Andrew said it would pay an additional undisclosed amount of cash if...
SAN FRANCISCO-MVNO supplier Visage Mobile announced it scored $22.8 million in its third round of funding. The company said the round brings its total venture capital war chest to around $50 million.Visage sells technology to brands that are looking to become mobile virtual network...
BOULDER, Colo.-Wireless telephone maker SpectraLink Corp. said it expects its fourth-quarter and annual results for 2004 to exceed its previous guidance.For the fourth quarter of 2004, SpectraLink expects to report revenues of $27.5 million and earnings of about 20 cents per fully diluted share....
VeriSign Inc. said it will acquire Santa Cruz, Calif.-based picture-messaging company LightSurf in an all-stock transaction valued at $270 million. VeriSign said the deal adds a picture component to its text and multimedia messaging offerings to carriers."We are very excited about the strategic value...
CLINTON, N.J.-Semiconductor manufacturer Magnolia Broadband Inc. secured investments from Intel Capital and Uniquest Corp., building on an $11 million financing round announced last October.While declining to disclose exact figures, the chipmaker said the latest round brings total equity investment in Magnolia to more than...
Investors lashed out at wireless vendor UTStarcom Inc.-sending the company's stock down more than 23 percent to around $15.32 per share-following the company's announcement that its fourth-quarter revenues will be well below its previous guidance.Some analysts also reacted with hostility, as both Smith Barney...
TORONTO-Nortel Networks Corp. said it will file its 2003 results Jan. 10. The company also said it expects revenues for its fourth quarter to clock in around $2.8 billion, slightly below the $2.83 billion in revenues expected by analysts polled by Thomson First Call.Nortel...
LOS ANGELES-Entertainment publisher Jamdat Mobile Inc. said Thursday it has acquired mobile casino game developer Downtown Wireless L.L.C.Downtown Wireless's portfolio includes video slots and roulette titles, as well as its flagship game, "Downtown Texas Hold 'Em." Both companies are headquartered in Los Angeles."The acquisition...
