PARIS-Alcatel Corp. said it has acquired Spatial Wireless for about $250 million in shares.Spatial Wireless makes software-based and multistandard mobile switching solutions, which control media gateways and manage call and session control for voice and data services."Through the acquisition of Spatial Wireless, Alcatel leapfrogs...
HOLTSVILLE, N.Y.-Symbol Technologies Inc. announced it has proposed an offering of $250 million of common stock in a filing with the U.S. Securities and Exchange Commission.Symbol said the proceeds will be used to repay its borrowings under a short-term credit facility it entered in...
FALLS CHURCH, Va.-Terabeam Wireless, the operating arm of YDI Wireless Inc., which develops and supplies broadband wireless solutions, announced it has repurchased almost 4.2 million shares of its common stock from Michael Young, former president and chief technology officer of Terabeam.The 4.2 million shares...
TORONTO-Nortel Networks Ltd. has warned that its third-quarter revenue will fall short of its previously announced figures for the second quarter, adding the overall market performance will surpass the company's performance.The vendor said its 2004 revenue will only enjoy "mid-single digits" growth over that...
BELLEVUE, Wash.-Wireless Services Corp. said it is at the receiving end of a strategic investment from Intel Communications fund.The amount was not disclosed, but Wireless Services said it is a "follow-on" to its $8.5 million second round of financing."This investment will allow us to...
The wireless industry is expected to post solid third-quarter results, including strong customer additions and average revenue per user results bolstered by seasonality and modest pricing competition, which may be tempered by a slight increase in customer churn due to the back-to-school season, according...
FRAMINGHAM, Mass.-Location-based services developer uLocate Communications Inc. secured $4.5 million in a second round of financing, the company announced Tuesday.Kodiak Venture Partners led the funding round for the year-old company, and existing seed investor GrandBanks Capital also participated. In conjunction with the financing, Kodiak...
SAN JOSE, Calif.-Cisco Systems Inc. said it has acquired Dynamicsoft Inc., a developer of session initiation protocol-based solutions, for $55 million as well as working capital.SIP allows operators to deliver advanced Internet Protocol voice, data and multimedia services."Broadband service providers are rapidly transforming their...
WASHINGTON-Telephone services provider CallWave Inc. will sell 4 million shares of common stock at $9 to $11 per share at its initial public offering, according to documents the company filed with the U.S. Securities and Exchange Commission Monday.CallWave, a Santa Barbara, Calif.-based company that...
SUNNYVALE, Calif.-Proxim Corp. said it has agreed to pay Symbol Technologies Inc. $22.75 million over the next two and half years in a settlement of its patent dispute with the company.Proxim also said it will pay Symbol a 2-percent royalty on future sales of...
HOUSTON-Crown Castle International Corp. has commenced cash tender offers for $205.6 million of its outstanding 9.375-percent senior notes due 2011, $216.4 million of its outstanding 10.75-percent senior notes due 2011, $151.4 million of its outstanding 7.5-percent senior notes due 2013, and $151.4 million of...
ESSEX, Conn.-Advertising executives Jim Hood and Wes Bray announced the formation of HipCricket L.L.C., a wireless marketing and event company targeting young mobile-phone users.HipCricket is working with television and radio marketers to create permission-based, interactive, one-to-one programs uniting brands and consumers. The new company...
PARIS-Module maker Wavecom Inc. said it will no longer develop handsets and semiconductors as part of a sweeping restructuring of the company that will lap up about 560 jobs.The company will focus on its automotive and machine-to-machine markets and wireless products such as mobile...
SAN DIEGO-Qualcomm Inc. said it has acquired a display technology company known as Iridigm Display Corp. for $170 million in cash.The sum accounts for 86 percent of the company that Qualcomm did not already own. The wireless chipmaker said it had taken part in...
Shares of Nokia Corp. were up more than seven points Thursday on news from the company that it believes it will exceed previous forecasts for the third quarter. Nokia cited strong volume growth in the global mobile device market thus far this quarter for...
Merrill Lynch & Co. downgraded Motorola Inc., citing "increasing weakness" at its mobile-phone division that puts its third- and fourth-quarter sales at risk.Analyst Tal Liani pointed to excess inventory of mobile phones in China and competition from new cell phone models in the second...
SHANGHAI, China-Shanda Interactive Entertainment Ltd. agreed to buy the remaining interest it did not already own in Beijing Digital-Red Mobile Software Co. Ltd., a mobile games developer. Shanda first purchased a minority stake in Digital-Red in January. Digital-Red said it has developed more than...
HELSINKI, Finland-Venture-capital firm Nexit Ventures and 3i, a private-equity firm in Europe, said they have invested $4.8 million in mobile-gaming company Fathammer.The company plans to use the funds to intensify sales and marketing efforts worldwide, particularly in Asia.Fathammer's flagship product, its X-Forge 2, is...
WASHINGTON-Mobile game publisher Jamdat Mobile Inc. will offer 5.3 million common shares for an estimated $13 to $15 per share in an initial public offering, according to official documents filed Tuesday.The Los Angeles company plans to sell about 3.6 million shares, with stockholders looking...
CAMPBELL, Calif.-In further validation of demand for fingerprint technology on wireless devices, Silicon Valley-based Atrua Technologies Inc. announced it has raised $12 million in Series B financing, led by NeoCarta Ventures and existing investors including Nokia Venture Partners, Ericsson Venture Partners and Intel Capital.Atrua,...
Intel Corp's shares fell on the news that its third-quarter revenue will come short of its forecast, casting a blight of doubt on the semiconductor space that witnessed a burst of growth and enthusiasm during the past year.The company said it anticipates third-quarter revenues...
LONG ISLAND, N.Y.-Acclaim Entertainment, which boasted a string of console gaming successes last decade with hits including "Mortal Kombat" and "Turok: Dinosaur Hunter," filed for Chapter 7 bankruptcy and will be forced to liquidate.One of the oldest brands in gaming, the Long Island, N.Y.-based...
CHENNAI, India-Flextronics Inc. said it has signed an agreement to buy FutureSoft, spreading the breadth of the electronic manufacturing services company's acquisitions.FutureSoft makes software products, services and solutions like Internet Protocol switching/routing, broadband access and wireless applications."The convergence of hardware and software expertise that...
HUNTSVILLE, Ala.-Avocent Corp., maker of keyboard, video and mouse switching systems, has acquired software developer Sonic Mobility Inc. for $8 million cash.The deal adds software products for secure wireless systems administration and mobile device management to Avocent's portfolio, including Sonic's flagship sonicadmin software. Sonicadmin,...
