Mobile ringtone provider and game publisher Dwango North America reported record revenues but a nearly $2.8 million loss for the third quarter of 2004.The company earned $545,000 during the period, more than doubling its revenues in the second quarter. Raising $3 million through a...
Fallout from the Cingular Wireless L.L.C. and AT&T Wireless Services Inc. merger continued last week as separate developments sent tumbling shares of one mobile content provider and another e-commerce company. Shares of InfoSpace Inc. fell 8 percent on Nov. 17 after the content provider...
SARASOTA, Fla.-Global Signal Inc. said it has issued a debt offering backed by a mortgage loan of about $293.8 million for a five-year period. The loan, which is issued in various classes of certificates, will close Dec. 7.The weighted average interest rate is about...
CALGARY, Alberta-Chartwell Technology Inc. raised $10 million by selling more than 2 million shares in private placement, the mobile software and content provider announced Friday.Chartwell sold the shares for $4.65 per common share to a group of underwriters led by Clarus Securities Inc. The...
NEW YORK-InfoSpace Inc. got some good news Friday as Piper Jaffray maintained an "outperform" rating and $60 target price on the mobile technology company.InfoSpace was buffeted earlier this week when a Raymond James analyst downgraded the company and reduced its target price, citing uncertainty...
SAN DIEGO-Providence Equity Partners and Warburg Pincus have signed a deal to acquire Telcordia Technologies Inc. for $1.35 billion in cash, according to Science Applications International Corp., which owns Telcordia. Telcordia makes software that develops, maintains, monitors and fixes carrier networks accounting for 80...
READING, United Kingdom-Mobile messaging and content provider Airwide solutions raised $16.25 in Series C funding, the company announced Thursday. Artiman Ventures, a Silicon Valley-based venture capital firm, joined existing investors Key Venture Partners, Kodiak Venture Partners and Axiom Ventures in the round. Airwide, which...
NEW YORK-The mobile entertainment field got a little more crowded Thursday with the launch of ThumbPlay, a venture capital-fueled content provider. Based in New York, ThumbPlay will offer ringtones, wallpaper, games and dating services. The company's first promotional effort includes a campaign encouraging fans...
HOLMDEL, N.J.-uReach Technologies, which sells voice messaging and unified communications products to carriers, announced it scored $5 million in funding, which was led by Argo Global Capital."The investor support of the acquisition of Priority Call Management and this financing will allow uReach to further...
REDWOOD SHORES, Calif.-Wireless local area network aggregator iPass Inc. said it will launch monthly and annual flat-rate subscription plans for its enterprise customers beginning Dec. 1 covering the company's U.S.-based hot-spot locations. The company noted that it currently provides roaming services to more than...
LONDON-ScanSoft Inc., which provides speech and imaging solutions, announced three acquisitions totalling $63.2 million aimed at expanding the company's speech capabilities and resources.The company agreed to buy Phonetic Systems Ltd., ART Advanced Recognition Technologies Inc. and Rhetorical Systems Ltd. ScanSoft said the acquisitions are...
Wireless technology and service company InPhonic Inc. enjoyed a major initial public offering Monday, raising a total of $108.9 million in net proceeds. The company had initially expected to raise a total of $83.5 million.InPhonic's stock began trading at around $19 per share Monday,...
HOLTSVILLE, N.Y.-Inventory discrepancies led Symbol Technologies Inc. to overstate its third-quarter net earnings by $3.3 million, the company said late Monday.In October, Symbol, which sells mobile computing devices and software, reported third-quarter net earnings of $21.1 million and earnings per share of 9 cents....
SCHAUMBURG, Ill.-Motorola Inc. said it signed an agreement to acquire MeshNetworks Inc. to extend its broadband wireless capability for next-generation content, including data, video, location and Voice over Internet Protocol services.The terms of the deal were not disclosed, but it is expected to take...
Like an unquiet ghost, Nortel Networks Ltd.'s financial woes keep haunting its other pursuits. Since its financial inconsistencies snagged the spotlight, its contract wins and technology strides have been shadowed by new revelations regarding its accounting errors.When it was not a new firing, it...
Although wireless device vendor Sierra Wireless Inc. continues to ride a wave of positivity on Wall Street, at least one firm believes the company is in for a quick fall in the not-too-distant future. "We recommend investors sell SWIR (Sierra Wireless) shares because this...
L.M. Ericsson expects the global market for mobile systems to slightly top 2004 figures, reflecting the company's high spirits about its leading position in infrastructure."Confidence is back in the industry; we are seeing an increased focus on business development and revenue growth," said Carl-Henric...
SEATTLE-M-commerce software developer Qpass has acquired Altamedius, a Dublin, Ireland-based multichannel payment technology provider, the companies announced yesterday.Qpass said the acquisition will help it exploit the growing m-commerce market in Europe. It hopes to widen distribution of its Qpass Prosperity Series software to Altamedius'...
MUNICH, Germany-Siemens AG basked in its fiscal-year 2004 earnings with a net a income of $4.38 billion, although its fourth-quarter picture was not so glorious.For the quarter, the company had a net income of $844 million compared with $934 million in the year-ago period."Fiscal...
Less than a week after it launched a media blitz to boost its image, Nortel Networks Ltd. postponed yet again the release of its financial statements, underlining the company's challenges to steer out of the crisis that has taken its toll in high-level firings...
WASHINGTON-The bankruptcy judge overseeing NextWave Telecom Inc. has given the company until Dec. 6 to file its reorganization plan and until Feb. 11, 2005, to solicit comments on it. The proposal will detail the company's plans for its remaining assets following the sale of...
HERZLIA, Israel-Wireless local area network equipment vendor Extricom Ltd. said it has secured $5.6 million in a second round of financing. The round is led by Vertex Venture Capital. Funds will be used to promote the company's first WLAN products in North America and...
SUNNYVALE, Calif.-Proxim Corp. said its class A common stock has traded at or above $1 for more than 10 days, which brings it into compliance with NASDAQ's listing requirements.Proxim's stock will continue trading under the PROXD symbol until Nov. 22 to reflect a recent...
SCHAUMBURG, Ill.-The board of directors of Motorola Inc. said it will distribute about 0.11 of a share of Freescale Semiconductor to Motorola shareholders tax free Dec. 2.The board described the share as class B common stock for each share of Motorola common stock and...
