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Brightpoint optimistic on solid revenue: But Wall Street punishes stock on earnings

Brightpoint Inc. racked up enviable revenues and profits in the fourth quarter and all of 2007 and gave optimistic projections for the current year in its earnings report. But Wall Street had expected substantially higher earnings-per-share, sending the handset distribution firm's stock down more...

Brightpoint posts solid revenue, reduced earnings

Brightpoint Inc., the mobile handset distributor that's rapidly becoming "a global powerhouse," according to one analyst, posted solid sales for the first quarter of the year, but earnings and gross margins took a hit. The company said revenue for the quarter was $641.6 million,...

CellStar gets stockholder nod to sell and dissolve

CellStar Corp. received its shareholders' approval to complete the sale of its U.S. and Latin American businesses-the distribution of handsets and accessories-to a subsidiary of Brightpoint Inc., a deal that had been announced in December.The transaction, for about $88 million in cash, is expected...

Brightpoint picks up CellStar assets: U.S., Latin American operations bought for $88M

Brightpoint Inc. will shell out $88 million in cash to purchase a major piece of crippled competitor CellStar Corp.The Plainfield, Ind.-based logistics and distribution giant announced plans to buy CellStar's 500-employee U.S. operations, including its Miami headquarters, and the bulk of its Latin American...

Brightpoint pays $88M for CellStar’s U.S. and Latin American biz

PLAINFIELD, Ind.-Brightpoint Inc. has agreed to purchase the U.S. and Latin American operations of fellow logistics and distribution company CellStar Corp. "We believe that the proposed transaction will expand our geographic reach, broaden our product offering, and improve our overall efficiency in order to...

Motorola on offensive against counterfeit handset accessories

Motorola Inc. reiterated its concern over a proliferation of counterfeit accessories, particularly Bluetooth headsets, purported to be made by Motorola and reaching consumers in the United States. Motorola warned that the counterfeits are cheap fakes, won't perform as advertised and cannot be serviced by...

Motorola goes on offensive against counterfeit cell phone accessories

SCHAUMBURG, Ill.—Motorola Inc. has reiterated its concern over a proliferation of counterfeit accessories, particularly Bluetooth headsets, purported to be made by Motorola and reaching consumers in the United States and, likely, worldwide. Motorola warned that the counterfeits are cheap fakes and won’t perform as...

CellStar to manage logistics for Total Call Mobile

COPPELL, Texas—Shares of CellStar Corp. jumped after the company inked a deal to provide logistics services to mobile virtual network operator Total Call Mobile Inc. CellStar said it will handle "product procurement and fulfillment services including custom kitting, reverse logistics and repair and refurbishment...

CellStar shares ride on LG deal, $2.7M income

COPPELL, Texas—Shares of CellStar Corp. jumped after the company reported a profitable quarter and unveiled a distribution agreement with LG Electronics Co. Ltd. The wireless distributor reported a net income of $2.7 million during the quarter, a dramatic turnaround from its loss of $9.4...

CellStar inks accessories deal with Nokia

COPPELL, Texas—CellStar Corp. reported a deal to distribute accessories from Nokia Corp. The handset distributor said it will supply Nokia accessories to carrier customers, mobile virtual network operators and retailers in the United States. The move follows CellStar’s decision to focus exclusively on original,...

CellStar posts first-quarter profit despite struggling Latin American operations

Coppell, Texas—CellStar Corp., a wireless handset and accessory distributor, announced it made a profit of $2.2 million for the first quarter, ending Feb. 28, compared to a loss of $4.4 million in the year-ago quarter. A quarter-over-quarter revenue increase of $22.6 million in the...

CellStar stock drops on loss of handset insurance business

COPPELL, Texas—CellStar Corp., a wireless handset and accessory distributor, announced it has lost a portion of its business with Lock/line L.L.C., its largest customer in North America. CellStar’s stock dropped nearly 22 percent to $2.15 per share on the news. Lock/line merged with Asurion...

CellStar to install SmartVideo on phones

COPPELL, Texas-SmartVideo Technologies said it signed a distribution agreement with CellStar Corp. covering the United States, Latin America and the Caribbean. SmartVideo offers video services for cellular phones, including live broadcasting, on-demand and download-and-play TV content.Terms of the pact call for CellStar to distribute...

CellStar signs deal to install SmartVideo on phones

COPPELL, Texas—SmartVideo Technologies said it signed a distribution agreement with CellStar Corp. covering the United States, Latin America and the Caribbean. SmartVideo offers video services for cellular phones, including live broadcasting, on-demand and download-and-play TV content.Terms of the agreement call for CellStar to distribute...

CellStar plans to resurrect business despite Q3 loss

CARROLLTON, Texas-Handset distribution company CellStar Corp. posted a loss in its third quarter, but promised to resurrect its business in the coming months. Investors appeared disheartened with the situation, sending the company's shares down 33 percent to $1.19 per share.CellStar recorded a net loss...

Brightpoint, CellStar to distribute Treo

PLAINFIELD, Ind.-Palm Inc. authorized two mobile-phone distributors to distribute its Treo smart phone in the United States. The company signed agreements with Brightpoint Inc.'s North American subsidiary and with CellStar Corp. to distribute the Treo. Both distributors will offer the smart phone to operators,...

Brightpoint, CellStar to distribute Treo

PLAINFIELD, Ind.-Palm Inc. authorized two mobile-phone distributors to distribute its Treo smart phone in the United States.The company signed agreements with Brightpoint Inc.'s North American subsidiary and with CellStar Corp. to distribute the Treo. Both distributors will offer the smart phone to operators, mobile...

CellStar admits wrongdoings in Chinese business

CARROLLTON, Texas-Mobile-phone distributor CellStar Corp. owned up to its financial failings in China with an admission that its employees used unauthorized tactics to boost the company's revenues and then hid those actions from the company's auditors. CellStar's stock dropped more than 5 percent after...

CellStar admits wrongdoings in Chinese business

CARROLLTON, Texas-Mobile-phone distributor CellStar Corp. owned up to its financial failings in China with an admission that its employees used unauthorized tactics to boost the company's revenues and then hid those actions from the company's auditors. CellStar's stock dropped more than 5 percent after...

CellStar removes another Asian exec

CARROLLTON, Texas-Cell-phone distributor CellStar Corp. said it fired Lawrence P. King, its president and chief operating officer of the subsidiary that oversees its Asian operations. Terry S. Parker, the chairman of the board of the same unit was removed last week. The company said...

CellStar fires Parker

CARROLLTON, Texas-Cell-phone distributor CellStar Corp. said it fired its chairman of the board of the subsidiary that oversees its Asian operations. Terry S. Parker, who was named to the post in April 2004, was terminated July 14.CellStar has been experiencing financial problems in recent...

Distributors driven beyond handsets

As the mobile-phone market continues to surpass all forecasts, there are multiple ways those phones end up in the hands of consumers. At the beginning of last year, industry observers expected handset makers to sell around 500 million phones worldwide in 2004. Instead the...

CellStar to be delisted from Nasdaq

CARROLLTON, Texas-Logistical services provider CellStar Corp. was delisted by the Nasdaq Friday after failing to gain an extension to file its 2004 annual report and its 2005 first-quarter report, the company said. The distributor of wireless products said the inability to file stems from...

CellStar to be delisted from Nasdaq Friday

CARROLLTON, Texas-Logistical services provider CellStar Corp. will be delisted by the Nasdaq tomorrow after failing to gain an extension to file its 2004 annual report and its 2005 first-quarter report, the company said late Wednesday.The distributor of wireless products said the inability to file...

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