MURRAY HILL, N.J.-Lucent Technologies Inc. said it has distributed 200 million warrants to buy shares of the same amount at $2.75 as part of a shareowner and related class-action lawsuit settlement.The company also said it will pay $215 million, either in cash or stock,...
TEL AVIV, Israel-Wireless broadband company Alvarion Ltd. announced it completed its $40 million acquisition of wireless base station company InterWAVE Communications International Ltd. The closing ends a somewhat tenuous relationship between the two companies.Alvarion announced its intent to acquire InterWAVE in July, but then...
MONTREAL-Wireless publisher Airborne Entertainment announced Wednesday that it has acquired mobile developer Cellus USA Inc.Airborne, which develops and distributes games, messaging services, ringtones and graphics, said the acquisition will help solidify its position in the North American mobile entertainment market. Terms of the deal...
NEW YORK-Wall Street seemed pleased with the performance of the wireless sector, giving thumbs up to both Motorola Inc. and Qualcomm Inc.Motorola enjoyed two upgrades on prospects for a strong fourth quarter. Piper Jaffray raised its earnings estimates for the company, and Caris &...
TORONTO-Finally, Nortel Networks Ltd. has set Jan. 10, 2005, as the date it will file the unaudited statements for 2003 as well as the first and second quarters of 2004. The wireless vendor also said it will update the world on results for 2001,...
Semiconductor company Sequoia Communications led the fund raising pack Wednesday with $15 million in its fourth round of financing, while ringtone company Improvista Interactive Music Inc. and wireless credit card processing company Way Systems Inc. also announced new funds. Sequoia sells technology that integrates...
BOSTON-American Tower Corp. said it closed the sale of its 7.125-percent senior notes due 2012 for a total of $200 million principal amount of notes.Net proceeds to the company from the sale are about $199.8 million. American Tower said it will use the proceeds...
MENLO PARK, Calif.-Nokia's venture capital division announced it created a new $100 million fund to support the growth of mid- to late-stage companies. Markus Salolainen and Rob Trice of Nokia's Venture Partners fund will head the new business, dubbed Nokia Growth Partners. "Nokia Growth...
Yet another mobile gaming acquisition was announced this week, as InfoSpace Inc. revealed it had bought IOMO Ltd., a U.K.-based publisher, for $15 million in cash.IOMO has developed more than 80 titles in its four-year history, with branded offerings such as Tiger Woods PGA...
WOODBURY, N.Y.-Wireless technology company Comverse Technology Inc. reported increasing revenues and a positive net income, although investors seemed leery of the company and sent its stock down slightly to $22.31 after the news.Comverse scored sales of $245 million for its third quarter, up 27...
VANCOUVER, British Columbia-Sierra Wireless Inc. enjoyed both a boost in its stock price as well as the release of its Voq smart phone in Canada.Sierra Wireless' stock jumped from around $19 per share to $21 in trading Wednesday. In Thursday trading the company's stock...
Cingular Wireless L.L.C. provided a financial update of its acquisition of AT&T Wireless Services Inc., highlighted by expectations of between $3.6 billion and $5 billion in cost savings from the deal by 2007, which is nearly double the $1.8 billion to $2.7 billion the...
LONDON-The mobile-gaming space continued its trend toward consolidation as California-based entertainment publisher Sorrent announced it has acquired U.K. game publisher Macrospace.Terms of the deal were not disclosed.Macrospace boasts a 40-game portfolio, including "Who Wants to be a Millionaire" and branded games from Cartoon Network,...
CAMPBELL, Calif.-Wireless telecommunications company P-Com Inc. said it reached an agreement with Agilent to restructure its $1.7 million obligation to the company. Under the new deal, P-Com said it will pay Agilent $250,000 and will pay the balance amortized over 16 monthly payments starting...
BETHESDA, Md.-Iridium Satellite L.L.C. announced increased subscribers and revenues for the third quarter as well as new financing. Iridium said its subscriber base increased 29 percent during the first three quarters of 2004 compared with the same period last year. In addition, revenues increased...
Nortel Networks Ltd. said both the New York Stock Exchange and the Toronto Stock Exchange are not considering delisting the company as yet.The vendor also said its discussion with the Securities and Exchange Commission will not warrant accounting changes to sell its optical equipment....
SANTA BARBARA, Calif.-Superconductor Technologies Inc. has announced the sale of $10.9 million of common stock. It will involve a sale of 15.6 million shares.The company expects to earn $10.1 million in net proceeds.The offering will close on or before Nov. 29.
SANTA ANA, Calif.-Set-top box company eWan 1 Inc. said it scored funding to build a hybrid Wi-Fi/WiMAX network to cover the Los Angeles basin, including Los Angeles, Orange, Riverside and San Bernardino counties. eWan 1 said Vocom International Telecommunications Inc. agreed to provide the...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it is increasing its royalty revenue guidance for the fourth quarter.The company said it now expects to report fourth-quarter revenues from current licensees of between $33.3 million and $33.6 million. Previous forecasts placed royalty revenues for the...
Wireless e-mail company Seven pulled its plans for an initial public offering, but said it plans to hold an IPO at an unspecified later date. The news comes in conjunction with the company's third round of venture financing, although it did not say how...
NEWTOWN, Pa.-Wireless enterprise company AirClic said it closed its second round of venture funding, which was led by Motorola Ventures. AirClic did not say how much cash the round generated. "We are pleased to make this investment in AirClic," said Matthew Growney, managing director...
SEOUL, South Korea-Handset juggernaut LG Electronics Co. Ltd. continued its sales expansion in the third quarter, announcing 64.2-percent year-on-year growth in its mobile-phone business to $2.1 billion in sales. The electronics giant said it saw strong shipments of CDMA and GSM products in North...
Virgin Mobile USA is considering an initial public offering worth up to $2 billion, according to a report in the Financial Times.A Virgin Mobile USA spokesperson was not immediately available to comment on the report.The report cited unnamed sources pointing to an IPO in...
SEATTLE-Mobile music start-up Melodeo closed a $9.5 million round of financing Friday and used the occasion to quietly disclose plans to begin offering a download service in Europe next year. The software developer said it will allow customers to download 30-second previews of a...
