Archive | January, 2000

Satsafe aims eyes on U.S. market

Another Swedish company soon will be competing for America’s wireless business. Satsafe AB, based in Stockholm, said it plans to expand its mobile data communication and global positioning system-based services beyond Europe and enter the U.S. market this year. Since its inception in the spring of 1998, Satsafe has focused on developing systems to locate, […]

by Hilary Smith Posted in Subscription0 Comments

Qualcomm stock drops on warning of slower chip sales

Qualcomm Inc. shares dropped 16 percent last Wednesday after the cdmaOne innovator warned of slower chip sales this quarter. This warning eclipsed Qualcomm’s higher-than-expected first fiscal quarter earnings. Merrill Lynch cut its near-term rating to “neutral” from “accumulate.” Salomon Smith Barney lowered its rating from “buy” to “outperform.” Other firms maintained their ratings. “We expect […]

by Lynnette Luna Posted in Subscription0 Comments

PacketVideo supplies DoCoMo with test software

SAN DIEGO-PacketVideo Corp., a provider of wireless multimedia communication software and service for mobile applications, announced it will provide NTT DoCoMo with a software test bench that verifies the newly developed 3G-324M standard and interoperability between various mobile terminals. The software allows NTT DoCoMo to verify compliance with the 3G-324M standard, which is dedicated to […]

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PCS companies file merger proxy

BELLEVUE, Wash.-VoiceStream Wireless Corp., Omnipoint Corp. and Aerial Communications Inc. filed joint proxy materials with the Securities and Exchange Commission last week in connection with their planned merger. All three companies will hold their special shareholders meeting Feb. 24 to vote on the merger. The meeting is for shareholders of record as of Jan. 17. […]

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PrimeCo to expand network with Lucent equipment

DALLAS-PrimeCo Personal Communications L.P. plans to enhance the capacity and reach of its existing network through a $210 million infrastructure equipment contract with Lucent Technologies Inc. The new equipment allows PrimeCo to expand into new markets throughout Florida, Texas and the mid-Gulf region and includes the installation of a variety of switching elements and hundreds […]

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Qualcomm drives for 700 MHz spectrum

Qualcomm Inc. on Friday officially asked the Federal Communications Commission to grant it spectrum in the upcoming channel 60-69 auctions. Qualcomm wants the commission to quickly award it spectrum to make up for the pioneer’s preference license it repeatedly denied Qualcomm in the last decade and fears the commission will run out of immediate remedies. […]

by Lynnette Luna Posted in Subscription0 Comments

PageNet stock rally short-lived

The big question on Wall Street last week seemed to be “What’s up with PageNet?” After falling steadily all year, Paging Network Inc. enjoyed a stock market rally last week that started Monday and continued through Wednesday, only to fall Thursday on news the company will not be able to make a Feb. 1 debt […]

by Antony Bruno Posted in Subscription0 Comments

ORA founder Cooper passes

LOS ANGELES.-Gershon N. Cooper, chief executive officer and founder of ORA Electronics Inc. in Chatsworth, Calif., died Jan. 22 in Los Angeles. He was 50. Cooper founded ORA, previously known as Alliance Research Corp., in 1974, four years after he immigrated to the United States from his native Israel. Passionate about electronics, Cooper held several […]

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Nextel completes private placement

RESTON, Va.-Nextel Communications Inc. announced it has completed a private placement of $1 billion of its 5.25-percent convertible senior notes due Jan. 15, 2010. The notes are convertible at the option of the holders, prior to redemption of maturity, into the company’s common stock at a conversion price of $148.80 per share. Nextel intends to […]

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NEWS BRIEFS

Prime Companies Inc. said its wholly owned subsidiary, LMDS Communications Inc., accepted a $4 million financing package from a major financial institution for construction of its local multipoint distribution services infrastructure. Lucent Technologies Inc. introduced an Automated Paging System for on-site and wide area paging systems. While operating primarily in the low band UHF radio […]

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