NEW YORK-Start-up American companies searching the financing firmament for venture capital might do better by setting their sights upward toward the hidden realm occupied by angels. Angel investors are high-net-worth …
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< class="penci-entry-title entry-title grid-title penci_grid_title">ANGELS ARE WAITING TO INVEST IN START-UPS >
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< class="penci-entry-title entry-title grid-title penci_grid_title">BAP ACQUISITION BECOMES AQUIS COMMUNICATIONS >
PARSIPPANY, N.J.-BAP Acquisition Corp. announced it will begin operating under the name Aquis Communications Inc., effective immediately. The company’s original name was derived from its first acquisition, that of Bell …
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< class="penci-entry-title entry-title grid-title penci_grid_title">GENERAL MAGIC’S PORTICO OFFERED VIA WEB SITE >
SUNNYVALE, Calif.-General Magic Inc. announced customers will be able to subscribe to the Portico virtual assistant service from an e-commerce page on its Web site beginning Jan. 5. The service …
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< class="penci-entry-title entry-title grid-title penci_grid_title">CALIFORNIA GOVERNOR REQUESTS E911 EFFICIENCY >
Following a declaratory ruling issued by the Federal Communications Commission, California Gov. Pete Wilson issued an executive order directing the state’s Department of General Services and the California Highway Patrol …
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< class="penci-entry-title entry-title grid-title penci_grid_title">CELLEMETRY EXTENDS WIRELESS DATA TO RURAL AREAS >
ATLANTA-Cellemetry L.L.C. said it extended its wireless data capabilities to rural areas in Louisiana, Texas and Virginia. Cellemetry signed agreements with three cellular carriers, including MobileTel Inc., a wireline carrier …
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< class="penci-entry-title entry-title grid-title penci_grid_title">WORLD BRIEFS >
Canada Cell-Loc Inc. announced it expects to receive funding from the National Research Council of Canada’s Industrial Research Assistance Program to assist in continued research and development of a Code …
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< class="penci-entry-title entry-title grid-title penci_grid_title">CELLSTAR CHOOSES CIRCLE FOR NETWORK >
SAN FRANCISCO-CellStar Corp. reported it selected Circle International to provide a worldwide logistics network for CellStar’s Global Satellite Services group, which distributes global personal communications products. Under the contract, CellStar …
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< class="penci-entry-title entry-title grid-title penci_grid_title">HOUSE CONCLUDES CHINA TECHNOLOGY DEALS HARMFUL >
of the Associated Press WASHINGTON(AP)-United States technology deals with China, including some with military significance, harmed national security, a House committee concluded unanimously. “These transfers are not limited to missile …
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< class="penci-entry-title entry-title grid-title penci_grid_title">COMSAT AND ICO SETTLE DISPUTE >
BETHESDA, Md.-Comsat Corp. announced it reached an agreement with ICO Global Communications Ltd., settling a standing dispute between the companies. Comsat originally was contracted to build and operate ICO’s satellite …
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< class="penci-entry-title entry-title grid-title penci_grid_title">BLILEY LISTS WIRELESS PRIVACY AND E911 AS PRIORITIES >
WASHINGTON-As Congress returns this week to begin the 106th Congress, members of the House Commerce Committee were given a preview of coming attractions in December by their chairman, Rep. Thomas …
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< class="penci-entry-title entry-title grid-title penci_grid_title">BUSINESS BRIEFS >
Convergys Corp. announced it established a revolving credit facility for $600 million. The funds are to be used for general corporate purposes, financing acquisitions and to repay inter-company debt to …
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< class="penci-entry-title entry-title grid-title penci_grid_title">D.C. NOTES: A WIRELESS CENTURY >
Happy New Year from the Nation’s Capital. Only 361 days until the new millennium, at which time we will get to see if the millennium bug-also known as Y2K-really is …
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< class="penci-entry-title entry-title grid-title penci_grid_title">NEW WTB CHIEF EXPECTED TO ‘HARVEST’ KENNARD’S WIRELESS ISSUES >
WASHINGTON-Wireless policies initiated by William Kennard, chairman of the Federal Communications Commission, during his first year finally will be put in place by the end of the century, predicts the …
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< class="penci-entry-title entry-title grid-title penci_grid_title">RF MICRO DEVICES FILES FOR IPO >
GREENSBORO, N.C.-RF Micro Devices Inc. announced it filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 1.75 million shares of common stock …
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< class="penci-entry-title entry-title grid-title penci_grid_title">TECNOMEN JOINS WAP >
ESPOO, Finland-Tecnomen, a designer and manufacturer of service and wide-area paging systems, reported it joined the Wireless Application Protocol Forum to strengthen its position as a leading supplier of unified …
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< class="penci-entry-title entry-title grid-title penci_grid_title">UNIFIED MESSAGING GAINS POPULARITY >
Unified messaging is becoming a buzzword in the wireless industry, as the prospect of managing several communications options from one chosen device becomes more popular. Unified messaging allows users to …
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< class="penci-entry-title entry-title grid-title penci_grid_title">US UNWIRED EXPANDS COVERAGE >
LAKE CHARLES, La.-US Unwired, a wireless communications provider in Louisiana and east Texas, announced it is expanding coverage to include all of Southwest Louisiana and will begin offering Sprint Spectrum …
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< class="penci-entry-title entry-title grid-title penci_grid_title">POWERTEL TO TRIAL ERICSSON’S GSM ON THE NET >
STOCKHOLM, Sweden-L.M. Ericsson and Powertel Inc. said they will conduct trials of Ericsson’s “GSM on the Net” solution, which provides business communication services over an integrated Global System for Mobile …
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< class="penci-entry-title entry-title grid-title penci_grid_title">HASTERT KNOWS TELECOM AND FCC >
WASHINGTON-The House of Representatives this week is expected to elect Rep. J. Dennis Hastert (R-Ill.) to be speaker of the House for the 106th Congress. Hastert’s rise to the third-in-succession-to-the-presidency …
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< class="penci-entry-title entry-title grid-title penci_grid_title">IRIDIUM BUYS CLAIRCOM >
WASHINGTON-Iridium L.L.C. gave itself an early Christmas present on Dec. 23 when it announced it was buying Claircom Communications Group Inc. from AT&T Corp. and Rogers Cantel for $65 million …
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< class="penci-entry-title entry-title grid-title penci_grid_title">GRUPO IUSACELL ANNOUNCES PLANS FOR MORE FINANCING >
MEXICO CITY-Grupo Iusacell has announced plans to obtain about $60 million in equity infusions from its two major shareholders, Bell Atlantic Corp. and the Peralta Group, during the next several …
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< class="penci-entry-title entry-title grid-title penci_grid_title">LOGICA-AETHOS COMBINATION CREATES IMPRESSIVE IT FORCE >
Logica plc, an international computer consulting, systems integration and software company, acquired Dallas-based Aethos Communications Systems Inc. Dec. 18 for about $77.5 million. Logica also bought DDV Group, a Dutch …
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< class="penci-entry-title entry-title grid-title penci_grid_title">BRITE VOICE TECHNOLOGY USED IN PNS LAUNCH >
ORLANDO, Fla.-Using technology from Brite Voice Systems, Mannesmann Mobilfunk GmbH said it launched Germany’s first personal number service, which uses a subscriber’s mobile number for the single number. Mannesmann’s D2-UniversalNumber …
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< class="penci-entry-title entry-title grid-title penci_grid_title">TOWER COMPANY MASTEC CHOOSES SPECIALTY >
While many independent tower companies grapple with the issue of whether to offer construction services as part of a one-stop shop, one company believes it can succeed purely in the …
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< class="penci-entry-title entry-title grid-title penci_grid_title">UNSECURED CREDITORS TRY TO THWART MOBILEMEDIA MERGER PLANS >
An informal group of MobileMedia Communications Inc. unsecured creditors has formed to oppose the company’s proposed merger with Arch Communications Inc., saying it is unfair for them to finance Arch’s …