BROWSING: Quarterly Earnings

MURRAY HILL, N.J.—Lucent Technologies Inc. said its bank group has given it the go-ahead to renegotiate its $4 billion loan by recording the business restructuring and other charges.The green light also allows the company to change the conditions to spin off its semiconductor unit,...

One man's asset recovery is another man's poison.Like a stylized garage sale, wireless equipment manufacturers are auctioning off excess inventories, which are being shipped to needy markets in the United States and developing countries in Africa, Asia and Latin America.Industry sources estimate the business...

NEW YORK-In profits, the category that counts the most, Nokia Corp. retained top billing, with Ericsson Inc. holding on to second place, according to information from Standard & Poor's.Lucent Technologies Inc., which ranked sixth last year, moved into third place, displacing ADC Telecommunications Inc.,...

NEW YORK-The Financial Accounting and Standards Board has eliminated the advantageous tax treatment called "pooling-of-interests" for most mergers and acquisitions initiated after June 30.Many companies that have relied disproportionately on pooling-of-interest accounting treatment, including those in the high-technology sector, had lobbied hard to prevent...

NEW YORK-"The business of resurrections is a very holy thing, taking companies that are dead, dead, dead and making them rise, rise, rise," said Art Beroff, an angel investor and merchant banker, at the recent Internet Breakfast Club seminar, "Saved by the Shell: Reverse...

NEW YORK-The disjointed approach of the diverse players involved in mobile data communications is a major hindrance to their ability to capitalize on the potential of the corporate enterprise market, which could total $29 billion worldwide by 2006, a new Ovum report concluded.Cellular and...

NEW YORK-Cotelligent Inc. has no debt, cash reserves of $22 million and a $100 million line of credit to finance its expanded focus on enterprise connectivity to mobile workers, a market Ovum Inc. projects will total $29 billion by 2006. But the San Francisco-based...

Executives for personal digital assistant giant Palm Inc. last week discussed the possibility of splitting the company's operating system business and its device manufacturing segment into two separate companies, an idea that has fueled a hefty amount of discussions during the past few months.Palm...

A ray of hope illuminated the increasingly dark local multipoint distribution service sector last week when XO Communications Inc. announced in conjunction with its first-quarter financial results that it secured $250 million in much-needed funding, but the broadband provider also said it will be...

Lucent Technologies Inc.'s slow and steady slide from Wall Street darling to Wall Street doldrums accelerated last week when the company issued a profit warning that triggered several downgrades and sent its stock plummeting to a new 52-week low.The company said it expects earnings...

WASHINGTON-Nearly a week after the Federal Communications Commission ruled that wireless carriers can be subject to damages awarded in civil lawsuits, consumers and the industry are reading the ruling differently. Meanwhile, interest in wireless consumer issues on Capitol Hill is picking up momentum.To the...

Palm Inc. introduced a wireless solution for its full line of personal digital assistants at PC Expo last week called the Mobile Internet Kit.The kit consists of a software upgrade that adds Palm's Web Clipping technology to the devices, allowing them to interact with...

Is it a bird? A plane? No, it's Craig McCaw, swooping in to rescue yet another struggling satellite wireless phone company-leading a group of investors to provide $74.6 million in interim financing for the bankrupt Iridium L.L.C.This is McCaw's second performance in his satellite...

REDWOOD CITY, Calif.-Phone.com Inc. released its first-ever quarterly earnings report since going public in June, posting a net loss for the fiscal fourth quarter of $6.8 million, or 62 cents per share.Net loss for the same period last year was $2.9 million, or 53...

NEW YORK-All eyes are on Omnipoint Corp., which one investment banker has likened to a poster child for personal communications services.What will be the final chapter in Omnipoint's search for a strategic partner, and how soon will it be written? How might this conclusion...

Sprint Corp. announced April 20 first-quarter consolidated revenues of $4.72 billion, a 16-percent increase from the $4.08 billion posted for the same period of 1998. The next day Sprint said it awarded Lucent Technologies Inc. a $780 million equipment contract.Kansas City, Mo.-based Sprint is...

WASHINGTON-Telecommunications networks are expected to pass the coming of the new millennium without catching the dreaded millennium bug, said a group representing local exchange carriers and a congressional report last week. While other areas of the national economy, such as health care, may still...

NEW YORK-DSC Communications Corp., a major manufacturer of switches for wireless and wireline telecommunications, announced it anticipates posting disappointing revenues and earnings for the third quarter ending Sept. 30.The company expects total revenue for the quarter to be between $325 million and $335 million,...