ALAMEDA, Calif.-UTStarcom Inc. said it has agreed to acquire the assets of Telos Technology Inc., a move that will rev up its CDMA business and its profile not only in the fixed wireless arena, but also in wide area networks."Acquiring Telos accelerates and expands...
L.M. Ericsson said it was selected by Austrian wireless carrier One as the sole supplier for its UMTS radio access network. The contract has a value of up to $193.3 million. The Swedish supplier will deliver radio base stations and supplementary equipment for the...
Atlanta-Qualcomm Inc. made several announcements at the CTIA Wireless 2004 show in Atlanta including an extensive agreement with ATI Technologies Inc. to deliver a wireless 3D gaming platform. Qualcomm's Mobile Station Modem baseband solutions will include ATI's IMAGEON architecture to provide a 3D...
ATLANTA-UTStarcom Inc. said it has entered an agreement to acquire the intellectual property portfolio of Hyundai Syscomm for between $12 million and $15 million in cash.Terms of the deal call for UTStarcom to acquire the product portfolio, intellectual property-including about 2900 Korean, U.S. and...
ALAMEDA, Calif.-UTStarcom Inc. said its fourth-quarter earnings soared 100 percent over a year ago with a net income of $66.4 million, or 52 cents per share. A year ago, the company recorded a net income of $33.9 million, or 30 cents per share.Net sales...
WASHINGTON-Motorola Inc. last week inked $1.1 billion in contracts with Chinese mobile-phone operators, transactions that come at a time of rising trade tensions between the two countries.In all, $2.3 billion in deals-mostly wireless-were announced here last Tuesday at a U.S.-China technology event. Motorola's $556...
China is a land of enormous opportunity for wireless infrastructure makers and the like, no doubt about it. A land with more than 1 billion people can yield a lot of cell-phone users. Motorola Inc. recently scored a $1 billion contract in China, and...
WASHINGTON-Motorola Inc. today signed deals totaling $1.1 billion with China's top mobile-phone carriers, and other U.S. wireless firms picked up multimillion contracts in the world's largest wireless market. The transactions come at a time of rising trade tensions between the two countries.In all, $2.3...
ALAMEDA, Calif.-UTStarcom Inc. said it has raised about $475 million in cash from selling 12.1 million shares of its common stock to Banc of America LLC."The company intends to use the proceeds "for strategic and general corporate purposes such as, but not limited to,...
Even while two major third-generation protocols, CDMA2000 and W-CDMA, snap up the spotlight in China, the nation's homegrown technology will not eat humble pie.The protocol was upgraded into an alliance last October, and the group announced that it will add five new members by...
BEIJING-UTStarcom and Panasonic Mobile Communications Inc. said they have entered into a joint venture to design, develop and manufacture third-generation equipment, focusing on Internet Protocol core networking solutions.The JV, which is known as Universal Communications Technology Hangzhou, will seek to provide radio-access solutions in...
ALAMEDA, Calif.-UTStarcom Inc. said it earned a net income of $59.1 million, or 46 cents per share, compared with a net income of $30.8 million, or 27 cents per share, in the year-ago period.Its net sales rose 44 percent over the previous quarter to...
AUSTIN, Texas-UTStarcom said it will use Motorola Inc.'s network processors and wireless network interface software for its W-CDMA solutions."We consider Motorola network processors to be part of our 3G product strategy, enabling us to create multiple, cost-effective 3G designs around a core technology and...
ALAMEDA, Calif.-UTStarcom Inc. said it expects its third-quarter handset sales to leap above 4.5 million units, representing approximately 50 percent of revenues.The company describes the estimate as its highest revenue to date for handset shipments."UTStarcom has maintained strong handset and subscriber growth, as well...
ALAMEDA, Calif.-UTStarcom Inc. said it expects its third-quarter handset sales to leap above 4.5 million units, representing approximately 50 percent of revenues.The company describes the estimate as its highest revenue to date for handset shipments."UTStarcom has maintained strong handset and subscriber growth, as well...
Wireless Internet software provider Openwave Systems Inc. announced it could further its acquisition push with a new offering of $100 million in convertible subordinated notes due 2008. The company said it has no definite acquisition or investment plans. Openwave said it would use the...
ALAMEDA, Calif.-UTStarcom Inc. said it has signed a contract worth approximately $80 million with China Telecom Corp. to deploy its IP-based PAS equipment in the Jiangsu province of China."Although competition in Jiangsu's PAS market is fierce, UTStarcom commands the dominant position with deployments in...
ALAMEDA, Calif.-UTStarcom Inc., which provides wireless and wireline access and Internet Protocol switching solutions, released positive second quarter earnings this week and raised its guidance for the remainder of 2003.The company reported net sales of $405.8 million, a 75-percent increase from the second quarter...
ALAMEDA, Calif.-UTStarcom Inc. said it has signed a contract valued at $28.7 million with China Netcom to deploy its Internet Protocol-based personal access system equipment in 28 county-level cities throughout the Henan Province."In addition to deploying PAS in metropolitan cities, such as Beijing and...
Mobile infrastructure revenue dropped 14 percent in the first quarter of 2003 to $6.4 billion compared with the fourth quarter of 2002, according to a report by the Dell'Oro Group. Credit Suisse First Boston has a further gloomy take, predicting a 20-percent decline in...
BEIJING-The Beijing Morning Post reported Huawei Technologies came out on top of a third-generation (3G) vendor test by China's Ministry of Information Industry (MII), beating Nokia, Ericsson, Siemens and Nortel. The report added that Alcatel, Zhongxing Telecom, Lucent and UTStarcom flunked the test.The newspaper...
ALAMEDA, California, United States-U.S.-based supplier UTStarcom said it won a US$40 million contract with China Telecom for new and expansion deployments of its PHS equipment in the Jiangsu and Guangdong provinces.Last week, UTStarcom said it would launch dual-band handsets that will work on Chinese...
BEIJING-UTStarcom is expected to launch a dual-mode handset in May, capable of operating on the Little Smart networks of fixed-line operators and on the GSM networks of the wireless carriers. The launch of the handset may provide another impetus to the Little Smart services...
ALAMEDA, California, United States-In a cash transaction valued at US$100 million, UTStarcom will purchase some of the assets of the CommWorks division of 3Com.The deal, which the companies expect to close within 120 days, calls for UTStarcom to acquire contracts, agreements, licenses, leases, patents,...
