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Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierRBC Capital Markets lowered its 2006 EPS estimate on Alltel Corp. to $3.36...

Advantech AMT buys Allgon microwave unit from Powerwave

MONTREAL-Satellite and terrestrial wireless equipment manufacturer Advantech AMT has acquired Powerwave Technologies Inc.' microwave operation in Gothenberg, Sweden. Advantech said it would resurrect the Allgon Microwave brand, which it used prior to joining the Powerwave group. Advantech said Allgon Microwave is well known for...

Advantech AMT buys Allgon microwave unit from Powerwave

MONTREAL-Satellite and terrestrial wireless equipment manufacturer Advantech AMT has acquired Powerwave Technologies Inc.' microwave operation in Gothenberg, Sweden.Advantech said it would resurrect the Allgon Microwave brand, which it used prior to joining the Powerwave group. Advantech said Allgon Microwave is well known for its...

Remec shareholders vote to dissolve company

SAN DIEGO-Remec Inc.'s shareholders approved the dissolution of the company, scheduling the company's asset sale for Friday. Remec's shareholders approved the sale of selected assets and liabilities of the company's Wireless Systems Business to Powerwave Technologies Inc. pursuant to an agreement dated March 12....

Remec shareholders vote to dissolve company

SAN DIEGO-Remec Inc.'s shareholders approved the dissolution of the company, scheduling the company's asset sale for Friday.Remec's shareholders approved the sale of selected assets and liabilities of the company's Wireless Systems Business to Powerwave Technologies Inc. pursuant to an agreement dated March 12. Upon...

Weekly wireless ratings wrap-up

Following are changes in wireless company ratings reported by financial services and investment banking firms this week.Standard & Poor's Ratings Services said Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement.  Raymond James downgraded Crown...

Remec sells point-to-point radio unit

SAN DIEGO-Remec Inc. said it signed a definitive agreement to sell its Outdoor Unit and Transceiver business to Wireless Holdings International Inc. through a management buyout transaction.The business unit, which is headquartered in Poway, Calif., designs and manufactures high-frequency point-to-point outdoor radios and transceivers....

REMEC sells defense and space subsidiary for $260M

SAN DIEGO-REMEC Inc. said it has agreed to sell its defense and space subsidiary to Chelton Microwave for about $260 million in cash.The subsidiary, known as REMEC Defense & Space, employs more than 1,000 people and makes microwave products for defense and avionics applications...

Remec names financial advisor, readies unit sales

SAN DIEGO-Remec Inc. announced it has engaged Needham & Co. Inc. as a financial advisor to assist it in exploring strategic and financing alternatives for its business. Remec said earlier this month it planned to hire a financial advisor.Already, Remec said it has entered...

Remec sells nanowave subsidiary

SAN DIEGO-Remec Inc. said it sold its majority interest in its subsidiary, Remec Nanowave Technologies Inc., which designs and makes electro-optic subsystems, thin film circuits and amplifier subsystems for commercial weather radar avionics."The sale of this business reflects Remec's strategy to concentrate on its...

REMEC showcases new products

SAN DIEGO, Calif.-REMEC Inc. is showcasing its transceiver and base station antenna products at this week's Broadband Wireless World 2004.REMEC transceivers fill the need for quality, high performance, quick turn, integrated modules, and REMEC SectorShape base station antennas provide high performance needed for next-generation...

WiMax Forum grows

SAN JOSE, Calif.-The WiMax Forum, which certifies broadband wireless access product interoperability, said its membership has leaped from 28 to 67 members in five months, including marquee names like Siemens, Covad and ZTE Corp.It also announced new members like Axxelera Broadband Wireless, Beamreach Networks,...

Remec shareholder class action lawsuit dismissed

SAN DIEGO—Remec Inc., a San Diego designer and manufacturer of high-frequency subsystems used in wireless communications transmission, said Dec. 10 that a federal court had dismissed a shareholder class action lawsuit, alleging securities law violations in connection with its secondary stock offering in February...

Vyyo, Remec pair for MMDS equipment

CUPERTINO, Calif.-Vyyo Inc. said it has joined Remec Inc. to develop customer premises equipment products for use in multichannel multipoint distribution system broadband wireless access networks. Remec will provide the microwave transport solution and Vyyo will furnish the wireless hubs and modems.Under terms of...

Investors pledge $45 million to SkyOnline

IRVINE, Calif.-STM Wireless Inc. announced that its 45-percent owned affiliate, SkyOnline Inc., has signed agreements to receive $45 million in new equity from Telfin S.A. and Nouvel Investissement en Technologies S.A.Existing stockholders in SkyOnline-STM Wireless, Pequot Capital Management and Remec Inc.-also have agreed to...

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