Shares of SmartVideo Technologies Inc. tanked after the company said it was seeking an infusion of cash.SmartVideo, which operates under the brand uVuMobile, is hoping to find "additional capital to fund the roll-out of new products and applications" for its Mobilecasting offering, which was...
According to market-research firm iSuppli Corp., the number of handsets purchased as replacements this year will be double the number of first-time cellphone purchases, a statistic that could have significant implications for the market's players.iSuppli's figures show that upgrade handsets sales-where a shopper is...
Alltel Corp. plans to cut 150 jobs at the headquarters of recent acquisition Midwest Wireless in Mankato, Minn., by September, and said it will close 10 Midwest stores later this summer. Alltel said it would keep more than 450 former Midwest employees in Minnesota,...
The following list details this week's infrastructure awards for the cellular, Wi-Fi and WiMAX industries. The contracts are broken down by transmission technology, country and vendor. The value of the contract is included when available. CellularAustria, Bulgaria, Croatia and Liechthenstein: L.M. Ericsson said it...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors RBC Capital Markets lowered its 2007 estimates on Motorola Inc. to $1.18 from $1.20 and lowered its price target on the...
A federal jury ruled in favor of Verizon Communications in a patent lawsuit against Vonage Holdings. Vonage must pay the telecom giant $58 million in damages plus royalties for infringing on three patents for Internet telephone technology.In addition, Vonage is required to pay Verizon...
Mobile software developer Dexterra Inc. picked up $36 million in a fifth round of venture funding.New investor New Enterprise Associates led the round, joining existing investors Canaan Partners, Intel Capital, Mesirow Financial, Motorola Inc. and Sigma Partners. Dexterra, which makes software that allows mobile...
Online mobile phone retailer Wirefly, a site operated by InPhonic Inc., released a report on the sharp growth in smartphone sales of late. The company said smartphone sales have increased 70 percent in less than six months from the third quarter of 2006 to...
One-third of wireless Web users in the United States and Western Europe say they will accept ads on their handsets in exchange for free content, according to a study from the Online Publishers Association.The survey of 6,000 consumers in France, Germany, Italy, Spain, England...
Leap Wireless International Inc. said it has completed the purchase of its partner Alaska Native Broadband 1 L.L.C., after the smaller company triggered a put-right which required Leap subsidiary Cricket Communications Inc. to buy out ANB.Leap already had a 75-percent non-controlling stake in ANB,...
PlayPhone said it will offer mobile content from online "phenomenon" Ms. Peachez to the fans she earned with her video posts on video-networking site YouTube.com. PlayPhone inked an exclusive agreement with Ms. Peachez to distribute her latest releases including music videos and wallpapers.Fans of...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...
Clearwire Corp. has finally gone public, with an opening trading price of $27.25 per share that fell to less than $25 in busy midday trading.The company, which trades under the symbol "CLWR," had said it planned to offer 20 million shares at prices between...
World Wrestling Entertainment will provide about 100 video clips each month to AT&T Inc.'s Cingular Wireless customers under a new content deal between the two parties.The partnerships calls for WWE to provide an Internet portal to mobile phones for WWE content that will include...
Nokia Corp. said it deployed a software update application that will allow its customers to update the software on their Nokia phones on their own. The company said its Nokia Software Updater has already been used by more than 750 million people since it...
CyberNet Communications Inc. said it deployed WiMAX-based wireless Internet access in parts of Los Angeles, Vernon and the city of Commerce, Calif. The company said that some customers have already been using the service for several months, and that speeds of up to...
The volatility of the early user-generated mobile content market was highlighted as one player strolled onto the playground while another was carried off the field.Zannel Inc. officially launched service this week with an offering that allows users to create and share videos on wireless...
AT&T Inc. has substantially expanded its network of Wi-Fi hot spots, adding 13,000 new locations around the world for more than 48,000 total. That figure surpasses the roughly 45,000 Wi-Fi hot spots of T-Mobile USA Inc., which has traditionally been a leader in the...
Yahoo Inc. inked a deal to deploy its Go for Mobile 2.0 offering on Microsoft Corp. Windows Mobile devices.The Internet giant is partnering with Taiwan's High Tech Computer Corp., the world's leading provider of Windows-enabled smartphones, to embed the technology on "millions" of HTC...
Starent Networks Corp. filed plans for an initial public offering. The company hopes to raise $115 million, according to reports.The infrastructure software developer said the number of shares to be sold and the price range for the proposed IPO has not been determined. Goldman,...
Nokia Corp. named Mark Louison to lead its device business in North America, replacing Tim Eckersley, currently in that position. Louison has also been appointed president of Nokia Inc., the North American arm of the global handset vendor.Louison currently heads Nokia's networks business in...
Sierra Wireless Inc. announced that it will acquire M2M vendor AirLink Communications Inc. for $10 million in cash and 1.3 million in shares. Under the agreement, AirLink shareholders will end up with around 4.8 percent of the combined company.The deal is notable as it...
Nokia Corp. announced a new push into mobile advertising, moves that likely will put the mobile powerhouse into direct competition with the likes of Google Inc. and Yahoo Inc. as well as a raft of mobile advertising startups.Indeed, the news serves to further highlight...
Virgin Mobile USA L.L.C. will soon sell a self-branded handset, made by Kyocera Wireless Corp., dubbed the Marbl for $30 to its predominantly pay-as-you-go customers.The truncated name, missing a final vowel, appears to play off Motorola Inc.'s penchant for doing the same with its...
