MOUNTAIN VIEW, Calif.-Alvarion Ltd. said it will not pursue the acquisition of interWAVE Inc. because interWAVE has not been able to meet the conditions for closing the deal, adding it will not follow the terms set forth in the agreement.InterWAVE said it disagrees with...
SAN DIEGO-Qualcomm Inc. said it has acquired chip design company Spike Technologies Inc. for $19 million in cash to enable it to provide third-generation CDMA customers and partners with design, sales and technical support around the world.Bangalore, India-based Spike Technologies will bring not only...
Research In Motion Ltd.'s revenues for the second quarter of fiscal year 2005 far exceeded year-ago quarterly revenues, according to the company's financial results released late Thursday. RIM's revenues for the second quarter were $310.2 million, up 15 percent from $269.6 million recorded in...
SAN DIEGO-Remec Inc. announced it has engaged Needham & Co. Inc. as a financial advisor to assist it in exploring strategic and financing alternatives for its business. Remec said earlier this month it planned to hire a financial advisor.Already, Remec said it has entered...
LONDON-Empower Interactive raised $5 million from existing investors to expand its European and Asian operations, the mobile messaging company announced Wednesday.The fifth round of funding saw increased investments from Cazenove Private Equity, Argo, IDG Ventures Europe and DN Capital. A messaging software developer, Empower...
HOUSTON-The National Institute of Standards and Technology awarded a $3.6 million grant to Carbon Nanotechnologies Inc., Motorola Inc. and Johnson Matthey Fuel Cells Inc.The grant calls for the companies to develop free-standing carbon nanotube electrodes for micro fuel cells to meet the demand for...
SANTA CLARA, Calif.-Azaire Networks, which provides cellular/Wi-Fi convergence network solutions, said it closed $9 million in series B financing.The financing was led by Rustic Canyon Partners and Woodside Fund. Existing investors, including Convergence Partners, also participated.The funds will be used to expand the company's...
CHICAGO-Chipmaker Agere Systems Inc. said it plans to lay off 500 workers, reflecting a slowdown in the semiconductor market that has hit companies such as Intel Corp. and Philips Semiconductors.The cut will include administrative functions, as well as sales, marketing and product development parts...
Jamdat Mobile Inc.'s initial public offering exceeded expectations, raising $88.8 million and selling more shares at a higher price than expected. The Los Angeles-based mobile game developer sold 5.55 million shares at $16 each Tuesday. It had filed for an offering of 5.31 million...
BOSTON-American Tower Corp. will sell $300 million principal amount of its 7.125-percent senior notes due October 15, 2012, through an institutional private placement, as previously announced.American Tower said net proceeds, expected to be approximately $292.8 million, will be used to repurchase or redeem a...
BALTIMORE-Motorola Inc. has made a strategic investment in Bluefire Security Technologies, the company announced. Financial details were not disclosed.Bluefire plans to use proceeds from the funding to accelerate the development of its Mobile Firewall Plus suite of security applications. The suite provides protection for...
BOSTON-American Tower Corp. announced it is seeking to raise $250 million through a private placement of senior notes.The company plans to use all net proceeds to redeem a portion of its 9.375-percent senior notes due 2009.Analysts from Raymond James & Associates Inc. said the...
CHICAGO-BridgePort Networks said it has received $25 million in a series B financing. The company, which makes solutions for mobile to Voice over Internet Protocol roaming network convergence, said the new funding attracted two new investors, TD Capital Ventures and BCE Capital."The convergence of...
WASHINGTON—The board of directors of Nortel Networks Ltd. said it has declared a dividends on two series of preferred shares, the outstanding Cumulative Class A Preferred shares Series 5 and the outstanding Non-cumulative Redeemable Class A preferred Shares Series 7.The company said the maximum...
TORONTO—MDSI Mobile Data Solutions eliminated 30 workers in an effort to trim operating costs by $3 million a year, the software developer announced Thursday.The Richmond, British Columbia, company will take a $1.5 million charge to earnings in the third quarter, but expects the cost...
VANCOUVER, British Columbia—Canadian messaging software developer Voice Mobility International Inc. raised $1.6 million in private placement.Mobility offered 2.5 million units consisting of one common share and one-half of one share purchase warrant at about 52 cents per unit. Each whole share purchase warrant entitles...
PalmSource Inc.’s results for the first quarter fiscal year 2005 show increased revenues, much-improved net losses and growing smart-phone shipments.The company recorded revenues of $18.2 million compared with $17.1 million last year. Net loss was $200,000, or 1 cent per share, compared with a...
ORLAND PARK, Ill.—Andrew Corp. has lowered its fourth-quarter guidance, attributing the fall in revenue and margins to carrier consolidation and delays in commitments to next-generation technology.The company revised its projected fourth-quarter revenue to between $450 million and $470 million as against an earlier estimate...
Three wireless companies garnered new funding this week.Propagate Networks Inc., maker of AutoCell embedded cognitive radio software for maximizing wireless local area network performance, announced it has raised $8 million in Series C venture funding.Motorola Inc. participated in the funding, which brought total investments...
STOCKHOLM, Sweden-L.M. Ericsson said it has acquired a French company, Audilog, which focuses on systems integration in network management.Terms of the deal, including what Ericsson will pay, were not disclosed."I am pleased to announce this acquisition that will increase our capacity to support operators...
SAN DIEGO-Leap Wireless International Inc., which recently emerged from Chapter 11 bankruptcy protection, reported fiscal-year 2004 guidance, including the addition of 50,000 and 100,000 net subscribers and customer churn of between 3.8 percent and 4.2 percent. Leap has already announced nearly 75,000 net customer...
ATLANTA-Following up on a non-binding letter of intent regarding the exchange of operations signed in early July, Cingular Wireless L.L.C., AT&T Wireless Services Inc. and Triton PCS signed a definitive agreement. The deal, which is contingent on the closing of Cingular's pending acquisition of...
MILPITAS, Calif.-PalmOne Inc.'s first-quarter fiscal-year 2005 earnings showed the company's revenue grew to $273.1 million, reflecting a 62-percent increase from the year-ago quarter. Net income was $19.6 million, or 38 cents per share, compared with a loss of $16.9 million, or 57 cents per...
