REDWOOD CITY, Calif.-Openwave Systems Inc. announced it achieved profitability and increased license revenues in its first-quarter fiscal-year 2005 results, released this week.Openwave reported revenues of $83.6 million, up 9 percent from the previous quarter and up 23 percent from the year-ago quarter. Net income...
Nextel Partners Inc.'s third-quarter financial results reflect improvements across the board.The carrier reported revenues of $337.2 million, up 29 percent from a year ago, and earnings before interest, taxes, depreciation and amortization of $103.5 million, an increase of 86 percent from last year. Free...
SUNNYVALE, Calif.-Proxim Corp. announced financial results for the third quarter that were fairly flat compared with last quarter.Revenue was $31.5 million, up slightly from the second quarter's $31.4 million, but down from $35.1 million recorded a year ago. Net loss was $4.4 million or...
Crown Castle International Corp. posted solid third-quarter earnings results this week.Site rental revenues reached $134 million, up 11.6 percent from a year ago. U.S. site rental revenue alone made up $125.3 million of that, up 10.5 percent from the same period in 2003.Operating income...
MEXICO CITY-America Movil S.A. de C.V.'s newly released quarterly results for its U.S.-based Tracfone subsidiary reflect subscriber trends in addition to financial results.The company said the prepaid carrier's subscriber base now totals 3.8 million, with 283,000 new customers added during the third quarter and...
BELLEVUE, Wash.-WatchMark-Comnitel said it has signed a definitive agreement to purchase ADC Telecommunications' Metrica Service Assurance software group.The combined company will be headquartered in Bellevue, Wash. David Heaps, senior vice president and general manager of the Metrica business unit, will become president and chief...
In spite of a slowdown in cell-phone sales, Samsung Electronics Co. still roared to a 46-percent profit compared with the same period last year. Much of its boost came from its chip division.But the result showed the company did not continue the overall momentum...
CARROLLTON, Texas-Cell-phone distributor CellStar Corp. reported a net loss for the third quarter related to the company's recent decision to cancel an initial public offering in China and exit its Singapore and Filipino operations.CellStar reported a net loss of $10.8 million or 52 cents...
SINGAPORE-Nortel Networks Ltd. announced it is postponing the transfer of two Canadian manufacturing plants to Flextronics, highlighting the impact of Nortel's ongoing financial statements review on the vendor's business.The company is putting the transfer off from November 2004 and February 2005 to February 2005...
Business did not turn out in rosy hues for Nokia Corp in the third quarter as the telecom giant reported a 20-percent drop in operating profit and a small 1-percent increase in net sales. However, rival Sony Ericsson Mobile Communications L.P. saw a rise...
TORONTO-Canadian telematics provider AirIQ has closed a private placement offering that raised $9.57 million, the company announced Thursday. AirIQ will use the capital to acquire the assets of Boatracs, L.L.C., a mobile maritime communications company, as well as for general corporate purposes. The agency...
NEW YORK-Smart-card company SuperCom Ltd. said it has raised $3.5 million in new private equity financing. The company said it placed more than 4 million ordinary shares with institutional and private investors at 85 cents per share. SuperCom also is working on obtaining approval...
REDMOND, Wash.-Action Engine Corp. closed its Series D round of financing Tuesday, which brought the total amount raised by the mobile software developer to $42 million.Baker Capital led the round for 4-year-old Action Engine, which recently announced a bundled mobile application package featuring nine...
ANNAPOLIS, Md.-TeleCommunication Systems Inc. pre-announced its expected financial results, warning they will be lower than projected, due mainly to lower-than-expected customer spending late in the quarter. TCS is a provider of wireless location and messaging software.The company said based on preliminary analysis it expects...
Consolidation in the wireless distribution arena is under way with two acquisitions announced this week. Wireless Channels, parent of Advantage Wireless, acquired American Connections, a wholesale distributor of wireless services and equipment. Advantage Wireless is also a distributor.Wireless Channels said the acquisition would boost...
WALTHAM, Mass.-Chantry Networks, which makes solutions for wireless local area network enterprise security, said its second-round venture funding has risen to $17 million, thanks to Siemens Venture Capital. The other investor includes Louis Rajczi of Investor Partner."Siemens is a global 'giant,' in the enterprise...
Once viewed as a haven for technology nerds, RadioShack Corp. has quickly become one of the most prominent retail locations for wireless products, services and accessories. Analysts have reported that the retailer accounts for as much as one-fourth of all gross customer additions for...
HELSINKI, Finland-Wireless middleware provide First Hop said it closed its second round of funding for $8.9 million. Partech International was the lead investor, with existing investors DFJ ePlanet Ventures and Stratos Ventures also participating.The financing will further speed up the company's product development, customer...
WASHINGTON-Another wireless company has pulled the plug on its initial public offering. Handset distributor Brightstar Corp. canceled its planned IPO Wednesday, citing "market conditions and certain other factors," according to regulatory filing. In August, Brightstar had filed for a $115 million public stock offering.The...
Following an internal audit of its previously issued financial statements, regional wireless provider MetroPCS Inc. reported that financial statements issues in 2002 and 2003 including all earnings releases "should not be relied upon." MetroPCS said it will delay the issuance of financial statements for...
ACTON, Mass.-Propagate Networks Inc. today announced that Siemens Venture Capital has joined its investor group. Propagate has raised approximately $14 million in venture funding to date and will use the financing to expand its sales, marketing and engineering resources in the United States and...
SUNNYVALE, Calif.-While warning that its third-quarter sales will be lower than projected, Advanced Micro Devices said it anticipates a $32 million net income increase compared to the second quarter.The company's second-quarter sales amounted $1.262 billion, said the company."Our gross margin and net income are...
NEW YORK-Jamdat Mobile Inc. closed a spectacular initial public offering that saw the mobile-game developer net $65.3 million.Jamdat said it sold 4.39 million shares at $16 each, while stockholders sold another 1.99 million shares during the IPO. The company had filed for an offering...
It was a remarkable coming-out party for Jamdat Mobile Inc. The mobile-game developer raised $88.8 million in its initial public offering, then watched as its stock soared 41 percent Wednesday, the first day of trading.Jamdat had filed for an offering of 5.31 million shares...
