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Wireless companies shed value following first-ever U.S. debt downgrade

The stock market is poised for a disastrous week, following previously disastrous weeks and a first-ever downgrade of America's debt by Standard & Poor's Financial Services LLC last Friday.In the last month, the Dow Jones Industrial Average has declined 11.83% and in the last...

Partnership: Asia's Pacnet signs MOU; Responsys and Adobe; and more

Tapjoy Inc. announced that it successfully helped Glu Mobile Inc., global publisher of social games for smartphone and tablet devices, fuel the revenue and audience growth of its latest hit game, Gun Bros. Tapjoy's alternative payment platform helped Glu improve Gun Bros' monetization rates,...

Capital Markets: CipherOptics raises $21M; m8 invests in SCHAD; and more

CipherOptics said it completed a $21 million financing round led by Adams Capital Management. The round included new investors Blue Heron Capital Management, Intuitive Venture Partners, Next Stage Capital, Kestrel Asset Management, Origin Partners and Axiom Venture Partners. The funding will be used to...

Bits and Bytes: Connected classrooms; Wirefly referrals; and more

Qualcomm Inc. announced the Wireless Reach 3G Connected Computer Classroom Project in Gansu province in conjunction with the Overseas Chinese Affairs Officeof the State Council, the Chinese Language and Cultural Education Foundation and China Telecom’s Gansu Bureau Linxia Branch. The project, which is being...

Bits and Bytes: Shoppers use Scanbuy product; AT&T launches holiday apps; and more

Scanbuy said customers who have downloaded its ScanLife mobile barcode scanning application on their smartphones have contributed to 30 times more traffic on the platform compared with last year. The application allows shoppers to scan barcodes to obtain information about products. The company said...

Movers and Shakers: Frankle new CEO at Ubidyne; Clancy tapped to head Azuki; and more

Michael Frankle has been named chief executive officer at Ubidyne. Frankle joins the company from Telefonica O2 in Germany, where he was vice president in charge of access and transport technology planning and engineering for mobile and fixed networks.Azuki Systems Inc. announced John Clancy...

Capital Markets: BlackBerry Partners focuses on mobile; AT&T buys inCompass assets; and more

The co-managers of BlackBerry Partners Fund announced they have merged their investment teams to focus exclusively on mobile venture capital investment opportunities under the BlackBerry Partners Fund brand. The fund was founded in 2008 with capital commitments from Research In Motion, Thomson Reuters and...

Bits and Bytes: PlayPhone launches social gaming platform; Sequans intros WiMAX SIP; and more

Mobile entertainment company PlayPhone Inc. launched its PlayPhone Social mobile social gaming platform. The company said the platform represents a strategic shift from the company’s mobile entertainment content offerings. The platform is a multiplayer, cross-platform product for mobile social gaming and networking.Sequans introduced a...

Glu Mobile closes $13.5 million in private financing deal

Glu Mobile Inc. (GLUU) has closed a $13.5 million round of private-equity investment. The publicly traded company secured financing from new and existing stockholders including Greenway Capital, Cannell Capital, Cypress Capital, Granite Global Ventures, New Enterprise Associates, Scale Venture Partners and Stephens Investment Management.“Today...

Alliances: Air2Web partners with SAS; Kaboom Latam teams with Glu; and more

Air2Web announced a worldwide partnership agreement with SAS, which provides business analytics software and services. Together the companies plan to integrate Air2Web’s AirCARE platform with SAS’ capabilities to offer a solution that allows enterprises to use information about their customers to create personalized interactions...

Analyst Angle: Data traffic growth drives the content delivery platform (CDP) market: As mobile data traffic explodes, operators will increasingly turn to CDPs to manage—and profit from—it.

The torch has been passed: Mobile data traffic now surpasses voice and it will continue to grow indefinitely. As a consequence, operators need to find ways to not only support this new wave of traffic, but also profit from it as well. Content delivery...

CEO Compensation: No. 41-47

[Editor's Note: Following are the top-paid CEOs of U.S.-based companies in the wireless industry. For the last four weeks, RCR Wireless News has run the list of the top 40 highest-paid wireless executives. This week we are featuring No. 41-47. Some caveats apply:...

Capital Markets: Accedian raises $19.5M; quarterly earnings; and more

Accedian Networks, which provides service assurance solutions said it secured $19.5 million in a new round of funding. The round was led by Summit Partners and included participation from Rho Ventures and Skypoint Capital. The funds will be used to accelerate the company's commercial...

Capital Markets: Zenprise raises $9m; Glu announces offering; and more

Zenprise said it raised $9 million in a financing round led by Rembrandt Venture Partners. Existing investors Ignition Partners, Bay Partners, Mayfield and Shasta Ventures also participated. The funds will be used to expand the company's sales and marketing efforts.UTStarcom (UTSI) announced additional details...

Glu CEO: Business will shrink 10% 15% in 2009: Wireless game maker muses on market for mobile entertainment

Glu Mobile Inc. limps into 2009 after enduring a brutal year that saw its stock tumble from nearly $5 a share to less than 40 cents. But while the company recently streamlined its operations and slashed jobs, its foot is still firmly down on...

Glu restructures MIG acquisition: Mobile content vendor hopes to right the ship

Shares of Glu Mobile Inc. edged upward after the game maker restructured earnout and bonus obligations for last year's acquisition of the Chinese publisher MIG.Glu converted the entire $25 million of payments to cash, deferring $11 million of the payments to 2010. The San...

Glu shares plummet, game maker to cut jobs

Glu Mobile Inc.'s woes continued as the wireless-game maker said it will slash an unspecified number of jobs as part of an effort to trim operating expenses by $13 million.Company executives declined to disclose the number of positions being eliminated; Glu also said it...

Game makers hope new platforms are game changers

There continues to be a fair amount of optimism among mobile game makers. Whether the rose-colored lenses are warranted, though, is more uncertain than ever.Gameloft last week offered a surprisingly upbeat outlook for wireless gaming as it posted $34.1 million in third-quarter revenues, up...

Glu shares sink on disappointing quarter

Shares of Glu Mobile Inc. continued to slide after the mobile game maker posted a $56.9 million quarterly loss.The San Mateo, Calif.-based publisher reported third quarter revenue of $23.9 million, up 44% from the same period last year, thanks largely to increased sales in...

Glu offers cool forecast, hopes for increased interest in smartphones

Shares of Glu Mobile Inc. continued to slide after the company lowered its third-quarter forecast. The San Mateo, Calif.-based mobile game publisher said it expects revenues "slightly below" its August forecast of $24 million to $24.7 million. The company also said it will likely...

Mobile-game market on solid ground: Glu exec bullish on possibilities

HOLLYWOOD, Calif. - Glu Mobile CEO Greg Ballard made a strong case for the mobile games business during his keynote here at the Games and Mobile Forum last Thursday.Calling the business "underappreciated and unfairly criticized," he took the audience through a history of the...

Glu loses $6M, stock rises

Shares of Glu Mobile Inc. climbed after the mobile game maker posted a $6 million first-quarter loss despite increased revenues.The San Mateo, Calif.-based publisher reported $20.6 million in revenue, up 31% from the $14.7 million posted during the same quarter last year. The quarterly...

It’s alive! : Nokia launches N-Gage platform

Nokia Corp. quietly - and finally - launched its N-Gage gaming platform.The handset-maker-cum-content-company made five games available on its online storefront, and teased gamers with more than a dozen titles "coming soon." The games are supported by five handsets - the Nokia N81,...

Glu ‘formally’ joins forces with Superscape

Glu Mobile Inc. moved one step closer to acquiring its U.K.-based rival Superscape Group plc.Glu said it obtained commitments for roughly 81% of the issued shares of Superscape, which claims 135 employees in San Clemente, Calif. and the British town of Fleet. The proposed...

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