The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierR.W. Baird lowered its rating on Sprint Nextel Corp. to neutral from outperform...
Within the past two years, the number of national carriers in the U.S. has gone from six to four. Between Cingular Wireless L.L.C.'s acquisition of AT&T Wireless Services Inc. and Sprint Corp.'s acquisition of Nextel Communications Inc., the companies that need to have their...
NEW YORK—Slow mobile-phone sales continue to plague RadioShack Corp. as the company reported an 85-percent plunge in first-quarter profits. The consumer electronics retailer said first-quarter income fell to $8.4 million, down dramatically from $55 million during the same period last year. Write-downs connected with...
FORT WORTH, Texas—RadioShack Corp. reported plans to team with three other phone resellers to form a purchasing alliance that the companies said will resell more than 50 million phones a year. Brightstar Corp. of the United States, European distributor Dangaard Telecom and Middle Eastern...
FORT WORTH, Texas—Shares of RadioShack Corp. lost ground after spiking on news of Chief Executive Officer David Edmondson’s resignation.Edmondson, who last week admitted to embellishing educational accomplishments on his resume, stepped down following what the company described as "a series of mutual discussions about...
FORT WORTH Tex.—RadioShack Corp. announced a "turnaround" effort that includes the company shutting down between 400 and 700 company stores. The announcement came as RadioShack reported sluggish fourth-quarter results that were hampered by wireless sales that came in below forecasts. The news appeared to...
OKLAHOMA CITY-RadioShack Corp. customers in seven states will be able to purchase cellular phones and services from Dobson Communications Corp.'s wireless subsidiary, Dobson Cellular Systems, under the Cellular One brand. The new distribution agreement, announced by Dobson, involves 54 RadioShack stores in markets primarily...
FORT WORTH, Texas-Shares of RadioShack Corp. slid after the company reported disappointing fourth-quarter sales and confirmed it will fall short of projected 2005 earnings-due largely to lagging wireless sales.The electronics retailer reported total sales during the quarter of $1.67 billion, a 5-percent increase from...
FORT WORTH, Texas-Shares of RadioShack Corp. slid after the company reported disappointing fourth-quarter sales and confirmed it will fall short of projected 2005 earnings-due largely to lagging wireless sales. The electronics retailer reported total sales during the quarter of $1.67 billion, a 5-percent increase...
ATLANTA- Cingular Wireless L.L.C. said that it teamed up with RadioShack Corp. to encourage people to sign up for Amber Alerts on their cell phones. The alerts include information on missing and abducted children.The two companies announced a 2006 goal of signing up one...
Tier 1 operators are beginning to use retail outlets to build long-term customer relationships and generate revenues from lucrative data applications. But when it comes to the brick-and-mortar sales counter, the wireless consumer is still very much up for grabs. While the wireless industry...
FORT WORTH, Texas-Disappointing wireless sales likely will prevent RadioShack Corp. from meeting its full-year earnings forecast, the retailer said. Calling its wireless sales "weaker than anticipated," RadioShack said it is unlikely to meet its fiscal 2005 target of $2.14 to $2.24 in earnings per...
FORT WORTH, Texas-RadioShack Corp., which sells wireless products and services from Verizon Wireless, Sprint Nextel Corp. and Tracfone Wireless Inc., reported a 15-percent increase in wireless sales during the third quarter that the company attributed to growth in its kiosk channels offsetting a sales...
FORT WORTH, Texas-RadioShack Corp. announced it will carry a Wi-Fi-based mobile instant messaging device from consumer electronics developer Zipit.Before the start of the holiday season, the retailer will offer the Zipit Wireless Messenger, a clamshell-shaped device with a QWERTY keyboard that allows users to...
Cingular Wireless L.L.C. staged a minor coup last week as the industry's largest operator signed a 10-year deal to replace smaller, but faster-growing rival Verizon Wireless at RadioShack Corp.'s more than 5,000 retail outlets beginning next year. The deal provides Cingular with access to...
Sprint PCS and Cingular Wireless L.L.C. subscribers now can buy titles from Jamdat Mobile Inc. at more than 5,000 RadioShack Corp. outlets, the electronics retailer said. RadioShack sales associates will use a branded in-store Web interface to educate users about mobile games, and purchases...
Sluggish wireless sales again dragged on retailer RadioShack Corp. as the company's second-quarter net income toppled from $68.3 million last year to $52.3 million this year. RadioShack's stock also sagged 6 percent to 23.12 per share. "Our profit decline in the second quarter was...
FORT WORTH, Texas-Citing disappointing wireless sales, RadioShack Corp. posted a 13-percent drop in net income during the first quarter from $68.3 million last year, or 41 cents per share, to $55 million this year, or 34 cents per share. The results were at the...
"We have run out of people (in the United States) who can pass a credit check and want a wireless phone," said Roger Entner, vice president of North American wireless telecommunications for research and consulting firm Ovum. With 182 million wireless subscribers in the...
Mobility Electronics Inc. announced it scored a $10 million investment from Motorola Inc. and RadioShack Corp. for the expansion of its itip power products for low-power mobile electronic devices. Mobility Electronics said it will form an operating division exclusively dedicated to the design, development,...
Following is a list of wireless companies whose ratings were either upgraded or downgraded by financial services firms this week.Standard & Poor's lowered its ratings on Triton PCS Inc. from B- to CCC+ with a negative outlook. S&P said the ratings change was prompted...
FORT WORTH, Texas-Electronics retailer RadioShack Corp. again cut its revenue expectations due to sluggish mobile-phone sales, as well as a slowdown in its battery sales."Business trends have underperformed our expectations," said David Edmondson, the company's president and chief executive officer-elect. "This has been driven...
RadioShack Corp. offered strong fourth-quarter and full-year results, but its 2005 outlook disappointed investors. The company's stock was down almost 10 percent to $30.11 per share following the news. RadioShack reported net income of $130.9 million, or 81 cents per diluted share, for the...
Entertainment publisher Jamdat Mobile Inc. said it will sell content through RadioShack Corp. outlets in what may be the first major agreement between a brick-and-mortar retail chain and a mobile content provider. The program, which is expected to be launched in the first half...
