Category: Capital Markets

TM Forum 2012: Keynote discusses investment conundrum in digital world

TM Forum 2012: Keynote discusses investment conundrum in digital world

DUBLIN – In the morning keynote panel kicking off the TM Forum’s Management World 2012 event, financial analysts joined the TM Forum’s executive leadership to discuss what factors will determine the “winners and losers” in the digital world. Specifically, the questions to the panel tried to uncover drivers that the financial community looks for as [...]

by Jason Marcheck Posted in Capital Markets, Carriers0 Comments

Silicon Labs to buy Ember for $72M

Silicon Labs to buy Ember for $72M

AUSTIN, TX. — Silicon Labs hopes to spark its M2M ambitions with the purchase of Ember Corporation, a leader in 2.4 GHz wireless mesh networking solutions. Boston-based Ember makes semiconductors and software for monitoring and control applications including smart energy, connected homes, and security. The private company focuses on 802.15.4 ZigBee solutions, integrating low power [...]

by Martha DeGrasse Posted in Capital Markets, Chips0 Comments

Novatel sinks despite MiFi success

Novatel sinks despite MiFi success

Novatel Wireless (NVTL), maker of the MiFi hotspot, has failed to connect with investors this quarter. Two analysts cut their price targets on the stock after the company reported earnings yesterday, and today shares of Novatel are off about 20%. Yesterday Novatel reported a net loss of $38 million for the first quarter on revenue [...]

by Martha DeGrasse Posted in Capital Markets0 Comments

TurboTax maker Intuit to buy Demandforce for $423M

TurboTax maker Intuit to buy Demandforce for $423M

Small and medium businesses are learning to profit from mobile marketing, and software giant Intuit (INTU) is taking note. Today the maker of QuickBooks and TurboTax said it will acquire Demandforce, a software company that helps small businesses with mobile and social media tools, as well as email campaigns. Intuit is paying $423.5 million in [...]

by Martha DeGrasse Posted in Capital Markets0 Comments

Nokia’s debt downgraded to ‘junk’ status

Nokia’s debt downgraded to ‘junk’ status

Fitch Ratings has downgraded Nokia’s debt to “junk” status with a negative long-term outlook, citing disappointing first quarter results from the world’s largest mobile phone maker. The move follows a similar downgrade by Moody’s Investors Service, which last week put Nokia’s debt one notch above “junk.” Nokia (NOK) maintains a solid position in the global [...]

by Martha DeGrasse Posted in Capital Markets0 Comments

Earnings Roundup: RadioShack stock slides 10%, ARM, ST-Ericsson, 3M also report

Earnings Roundup: RadioShack stock slides 10%, ARM, ST-Ericsson, 3M also report

RadioShack lost $8 million in the first quarter, and the stock was off more than 10% in Tuesday morning trading. RadioShack has contracts the three largest US carriers, and its earnings release offers some insight into how those products are faring with customers. The earnings report mentioned “a decline in Sprint postpaid wireless sales, as [...]

by Martha DeGrasse Posted in Capital Markets, Quarterly Earnings0 Comments

Square may head back to capital markets in race against PayPal

Square may head back to capital markets in race against PayPal

Less than a month after raising $100 million in a deal that valued it at ten times that amount, Square is reportedly considering a new round of financing that could value it at up to $4 billion. $4 billion is also the amount that the company is processing in annual payments, according to CEO Jack [...]

by Martha DeGrasse Posted in Capital Markets, Devices0 Comments

Moody’s downgrades Nokia’s debt

Moody’s downgrades Nokia’s debt

Moody’s Investors Service has downgraded Nokia’s long-term credit rating by one notch to Baa3, just one level above non-investment grade, or “junk” status. The rating agency also left a negative outlook on Nokia, meaning a further downgrade could be next if sales of the company’s smartphones don’t improve. Nokia says it sold 2 million of [...]

by Martha DeGrasse Posted in Capital Markets, Devices0 Comments

Schoology gives cloud startups a lesson in fundraising

Schoology gives cloud startups a lesson in fundraising

Schoology, which develops cloud-based learning platforms for schools and colleges, has raised $6 million from New York’s FirstMark Capital, bringing its total funds raised to $9.3 million. The Manhattan startup has attracted a number of high profile school district customers by essentially entering through the back door. Schoology’s social network is a free service teachers [...]

by Martha DeGrasse Posted in Capital Markets0 Comments

Openwave to sell business units, focus on patents

Openwave to sell business units, focus on patents

Openwave (OPWV), the software company that describes itself as “the inventor of the mobile internet,” is selling its mediation and messaging businesses to private equity group Marlin Equity Partners for an undisclosed sum. Going forward the company will call itself Unwired Planet and will focus on managing its rich patent portfolio. Late last year Microsoft [...]

by Martha DeGrasse Posted in Capital Markets, Cloud0 Comments

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