The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets lowered its price target on Verizon to $37 from $43 on strong wireless results but mixed wireline. The firm raised its EPS...
The worldwide service provider switching and routing equipment market grew 25% during the first quarter to $3.1 billion, according to analyst firm Ovum RHK."There were no significant market share movements in 1Q08," said Mark Seery, VP at Ovum. "Alcatel-Lucent returned to 2Q07 revenue levels,...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets initiated coverage on Leap Wireless with a sector perform rating and a $55 price target.--Lehman Brothers lowered its 2008 EPS estimate on...
Tellabs Inc. reported $16.6 million in earnings in the first quarter, down nearly 35% from the $25.5 million it brought in during the year-ago period. The company's stock was down nearly 17% to $5 per share on the news.Since Tellabs' former president and CEO...
So we never expected that Google would actually become a wireless licensee, but the FCC certainly did not get its wish for a bunch of new competition in the wireless industry. AT&T Mobility and Verizon Wireless made up 85% of the proceeds from the...
Mobile and fixed-line network company Tellabs Inc. has tapped Robert Pullen to step in as CEO.Pullen will replace Krish Prabhu, who announced his resignation in November following a plunge in quarterly revenue. That report was followed by last month's news that Tellabs would cut...
Tellabs Inc. reported a profit of $6 million in the fourth quarter, marking a 78% drop from the $29 million it brought in during the year-ago period. Due to the lagging profits, the company said it would cut 225 employees from its workforce, in...
A world of overlapping fourth-generation wireless technologies is still years in the offing even by the most optimistic observers, yet there's already a growing market for companies looking to prepare for the next frontier in mobile.Long Term Evolution, WiMAX and Ultra Mobile Broadband each...
Tellabs Inc. announced that Krish Prabhu plans to resign as president and CEO by March 1, 2008. Prabhu, 53, has served in the positions at Tellabs since 2004. Tellabs' stock fell more than 4% to $7.69 following the news."The Tellabs team has successfully broadened...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --RBC Capital Markets raised its price target on Verizon Communications to $44 from $41 after the company reported in-line third-quarter financials. Lehman Brothers raised...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley cut its EPS estimate on Sprint Nextel to 82 cents for 2008 to reflect weak current operating results and WiMAX buildout costs....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services raised its issue rating on Qwest Corp.'s senior unsecured debt to BBB- from BB+.--Lehman Bros. raised its price target...
Richard Notebaert announced his retirement as chairman and CEO of Qwest Communications International Inc., pending the company's selection of a successor.The company has not set a timetable for naming a new chairman and CEO, but said that a formal search is underway. Qwest said...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Prudential Equity Group raised its estimates on AT&T after the carrier reported strong EPS for the first quarter. New estimates are $2.85 rather than...
Tellabs Inc. said its first-quarter net profit plummeted 51 percent and revenues fell 12 percent as the company suffered decreased sales of its broadband and access products.The Naperville, Ill.-based equipment provider reported quarterly revenue of $452 million, down from $515 million during the year-ago...
A tier-one North American carrier saved $18 million in three markets using transport network optimization services from Tellabs, the company announced.While the wireless carrier would not allow Tellabs to use its name for competitive reasons, the carrier did allow Tellabs to publish some metrics...
Editor's Note: Welcome our Monday feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry. In the coming weeks look for columns from Strategy Analytics' Chris Ambrosio, Ovum's Roger Entner...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarrierMorgan Stanley raised its industry view on the telecom services business to in-line from cautious based partially on positive expectations for AT&T. The company increased...
Infrastructure company Tellabs reported that its revenues were down for the fourth quarter but up overall for the full-year 2006. The company's troubled fourth quarter saw falling revenues in its broadband and transport categories in particular."While our fourth-quarter results reflected temporary uncertainty around carrier...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Credit Suisse First Boston adjusted its estimates on AT&T Corp. to reflect the integration of BellSouth Corp. and Cingular Wireless. The company said it...
Tellabs Inc. made its bones developing and selling fixed-line network infrastructure gear to big phone companies. The company's flagship products were its cross-connects for central offices, which gathered, sorted and delivered communications traffic within networks. But as traditional phone companies watched the advent of...
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.CarrierStandard & Poor's Ratings Services revised its outlook on Dobson Communications Corp. and...
While the world of wireless infrastructure vendors looks set to be dominated by three all-powerful giants, small player Tellabs Inc. quietly reminds the industry that it's doing a lot of business with Cingular Wireless L.L.C. as the carrier continues on its long path of...
NAPERVILLE, Ill.—Tellabs Inc. announced that its board authorized a new share buyback program for up to $300 million of the company’s outstanding common stock. The repurchase plan follows Tellabs’ completion of an earlier $300 million share buyback program announced in February 2005.We are confident...
