Companies in the news: Royal KPN, SkyTerra, Level 3 Communications, Consumer Electronics Association, Elektrobit Corporation, Southwest Airlines, Verizon Wireless, Yulong, U.S. Cellular, Page Plus Cellular, EA Mobile.
Business software maker Oracle said Thursday it has received the Justice Department's approval to move forward with its $7.4 billion acquisition of former dot-com-era star Sun Microsystems.
China Mobile, the world's biggest phone company by subscribers, said Thursday its first-half profit rose just 1.4 percent from a year earlier as growth slowed due to competition and an economic slump.
The economy doesn’t appear to be hurting ZTE too much, thanks in part to business in China. The Chinese vendor reports its net profit in the first half of the year was up 40.5 percent over last year.
Shares of InterDigital were down more than 26 percent at one point this morning after the market apparently reacted to a Friday ruling that favored Nokia in their patent dispute.
Three of iBasis’ largest shareholders intend to reject Royal KPN’s unsolicited buyout offer of the international voice carrier, the company reported.
Carriers’ push to beef up 3G networks and deploy 4G networks has forced them to increase testing. Everything from base stations to femtocells must work seamlessly to ensure the flawless performance expected by customers, and all that means good business for testing companies.
Accelerometers are expected to appear in one-third of mobile phones shipped next year - Ever wonder how much the U.S. wireless industry is contributing to the the economy? - Worldwide GPS smartphone shipments will grow 34 percent from 57 million units in 2008 to 77 million units in 2009 - Bluetooth-enabled equipment shipments will shrink 4 percent in 2009 - Wireless operators will spend about $3.3 billion building LTE base stations in 2011.
HTC's second-quarter revenue reached $1.16 billion, up 10 percent from the same quarter a year ago.
Don’t be fooled by Motorola’s $26 million second-quarter profit.
A pair of research reports shows second-quarter global handset shipments were still down, but not as much as some previous quarters.
Alcatel-Lucent surprised its investors by posting its first profit since the company's creation
Sprint Nextel continued to lose customers in the second quarter, tallying 257,000 in postpaid customer losses, but it gained in the prepaid arena.
Verizon Wireless seems to be curiously immune to AT&T’s iPhone.
Today, Nortel will be sold off bit by bit. The auction will occur not in public but in an executive suite
Ericsson shares were down more than 7 percent this morning after the vendor reported adjusted second-quarter network sales
By all measures, the iPhone has been a boon to AT&T. The device has sold by the millions, accounting for 2.4 million activations in the second quarter alone.
Penetration of mobile phones is approaching, and often exceeding, 100 percent of the population.
Apple poured more fuel onto the iPhone fire yesterday, announcing it had sold 5.2 million iPhones in its fiscal third quarter.
Qualcomm reports earnings for its fiscal third quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period:
Apple has fundamentally changed the smartphone game, and it could have devastating consequences for Sprint and the Palm.
Despite low levels of inventory on hand, Sprint says the Pre delivered a record sales debut.
Increased competition can hurt a company by putting pricing pressure on products while forcing the company to boost marketing expenditures.
The Palm Pre’s introduction over the weekend was what was expected: a low-key affair, with few devices actually in stock and available