NextWave Wireless Inc. said the Nasdaq Listing Qualifications Panel granted the company’s request for continued listing on the Nasdaq Global Market. The approval requires NextWave to file a proxy statement by May 1 seeking shareholder approval for implementation of a reverse stock split. In addition, the company must reach a closing bid price of $1 or more for a minimum of ten consecutive days by July 21.
Russian carrier Mobile TeleSystems said its revenues for the fourth quarter were $2.7 million. Net loss for the quarter was $26 million.
Research In Motion Ltd. reported financial results for its fourth fiscal quarter, which ended Feb. 27. The company said revenues grew 18% to $4.08 billion from $3.46 billion during the previous fourth quarter. Net income for the quarter was $710.1 million, or $1.27 per share, compared with net income of $628.4 million, or $1.10 per share, during the same quarter last year.
Upcoming Earnings:
Adtran April 14
Sprint April 28
Verisign April 28
ADC Telecom May 5
Capital Markets: NextWave asks for continued stock listing
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants