SANTA BARBARA, Calif.-Superconductor Technologies Inc. posted lower-than-expected revenues in its preliminary fourth-quarter and full-year results.The company said it expects net revenues for the quarter to be about $4.1 million, compared with $7.3 million during the third quarter. STI had expected revenue to be between...
SAN DIEGO-Wireless modem maker Novatel Wireless Inc. reaffirmed its guidance for its fourth quarter and expressed optimism for the coming quarters based on sales of its W-CDMA laptop cards."Sales growth was driven primarily by strong shipments across all technologies to new and existing customers...
SHANGHAI, China-E-commerce company SmartPay Jieyin Ltd. announced Wednesday that it will acquire Intrinsic Technology Ltd., a mobile software developer that provides billing and service management solutions to Chinese wireless carriers. Terms of the deal were not disclosed.SmartPay, which plans to launch direct-to-consumer and peer-to-peer...
AALBORG, Denmark-Mobile data services and content company End2End has acquired Danish mobile virtual network operator MIGway A/S, the companies announced Wednesday.Terms of the deal were not disclosed.MIGway owns and operates a short message service center that provides interactive messaging services to customers across Europe...
HOLTSVILLE, N.Y.—Mobile enterprise software developer Symbol Technologies Inc. announced Wednesday that it has opted not to pursue its proposed offering of common stock.Instead, the company said it has entered into a new $250 million credit facility that will act as the permanent financing vehicle...
TORONTO—Wireless Age Communications Inc. said last week it is calling off merger talks with Relm Wireless Corp."Our overtures to Relm’s board were not well received. There was a short window for a friendly business combination to occur; unfortunately I believe that it has now...
SARASOTA, Fla.-In a move that drove up its shares 6 cents, Global Signal Inc. said it plans to sell 2.9 million common shares. The company intends to acquire 233 communication sites in 13 states, such as Alabama, Michigan and New Hampshire, with the proceeds.Morgan...
CHICAGO-Telephone and Data Systems Inc. said it will restate parts of its financial statements for the past three quarters, but said the move was a reclassification of cash flows and would not change the company's bottom line.TDS owns 82 percent of U.S. Cellular Corp.,...
PalmSource Inc.'s stock dropped to its lowest point ever following the company's dismal third-quarter outlook. "Although we generally performed to our financial expectations during the second quarter, we are not satisfied with this performance," said David Nagel, president and chief executive officer of the...
SEATTLE-Loudeye Corp. expects to raise $25 million in a private placement of common stock, the digital media company announced Thursday.Loudeye, which powers mobile music identification applications and digital storefronts, said it will sell 16.8 million shares as well as warrants to purchase 5 million...
OTTAWA-Nortel Networks Ltd. has won an order from the Ontario Superior Court of Justice to extend the convening of its 2004 annual general meeting to no later than May 31, 2005.The meeting was scheduled to be held March 31. However, the company said the...
SAN DIEGO-Qualcomm Inc. said it will meet the high end of its first-quarter 2005 estimates with revenues of about $1.4 billion, excluding the Qualcomm Strategic Initiatives segment.The company expects its earnings per share to be about 26 cents to 27 cents based on the...
CALGARY, Alberta-Zi Corp.'s shares jumped more than 20 percent to around $6.40 per share-the stock's highest level in more than two years-on news of the company's deal with the world's No. 1 mobile-phone manufacturer Nokia Corp. Zi said Nokia licensed the company's eZiText predictive...
Research In Motion Ltd.'s stock faltered again following the company's third-quarter results, with investors expecting a more bullish fourth-quarter outlook from the company. Some analysts, however, continued to remain relatively positive on the BlackBerry maker and its prospects despite the company's lower-than-expected forecasts and...
SAN DIEGO-REMEC Inc. said it has agreed to sell its defense and space subsidiary to Chelton Microwave for about $260 million in cash.The subsidiary, known as REMEC Defense & Space, employs more than 1,000 people and makes microwave products for defense and avionics applications...
CHICAGO-U.S. Cellular Corp. said it completed the sale of its Daytona Beach, Fla., 20-megahertz C block license to MetroPCS California/Florida Inc. U.S. Cellular said it scored $8.5 million in cash from the previously announced deal. "This sale is another example of our strategy to...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc., which announced last week a definitive agreement to be acquired by fellow affiliate Alamosa Holdings Inc., reported financial results for the carrier's fourth fiscal quarter and year ended Sept. 30. The carrier said it added 9,296 subscribers during...
Investors trashed device maker PalmOne Inc. following lower-than-expected forecasts for the critical holiday shopping season, sending the company's shares down almost 20 percent to around $34.18 per share.Three out of four investment firms have downgraded their opinions of the company during the past week....
PARIS-Alcatel Corp. said it has completed the acquisition of Spatial Wireless, which makes software-based switching solutions. Alcatel first announced the $250 million buy in September.Spatial Wireless' flagship product known as Spatial Atrium is now called Alcatel 5020 Spatial Atrium Softswitch. The product works seamlessly...
BURLINGTON, Mass.-Lightbridge Inc. announced it will cut 36 positions, or 9 percent of its work force, due to Cingular Wireless L.L.C.'s acquisition of AT&T Wireless Services Inc. The announcement follows an alert that the company expects to see a decline in its revenues due...
TORONTO-After a cycle of postponements, Nortel Networks Ltd. finally released its third-quarter results statement, although it is still unaudited.For the third quarter, Nortel said it suffered an estimated loss of 6 cents per share on a revenue of about $2.3 billion. The net loss...
SARASOTA, Fla.-Global Signal Inc. said its board of directors has increased its cash dividend for the fourth quarter to 40 cents per share of common stock from 37 cents in the third quarter of 2004.The dividend is payable Jan. 20.The tower player owns or...
CALGARY, Alberta-Predictive input company Zi Corp. announced its $1 million, all-stock acquisition of privately held handwriting-recognition company Decuma AB. Zi said it will use the technology to expand its input technologies for sale to handset makers."Decuma's innovative handwriting recognition technology is definitely complementary to...
SAN DIEGO-Qualcomm Inc. made a strategic investment in wireless application company Digital Orchid. The companies did not disclose the amount of the investment.Digital Orchid sells applications working on Qualcomm's BREW application download service. The company said its revenue has grown 600 percent this year,...
