Network equipment maker Ericsson posted a $986 million net loss on a $1.2 billion charge related to the company’s struggling semiconductor business. Revenue was up 5 percent from the same quarter last year, and 23 percent sequentially. The loss was telegraphed by the company back in December, when it said it would write down a […]
Dish lays off Sprint-Softbank deal
Dish Network told the FCC that it would not file to block Softbank’s proposed $20 billion acquisition of Sprint Nextel. In a Jan. 16 filing, Dish had asked that the shot clock in the Sprint-Softbank proceeding be paused until Sprint’s bid for Clearwire had been settled. At that time, it also said it was considering […]
Netgear nabs Sierra Wireless’ AirCard business for $138M
Ahead of its fourth-quarter earnings call tomorrow, Netgear Tuesday announced an agreement to acquire the operations of Sierra Wireless’ AirCard business. According to a press release, the purchase price is approximately $138 million in cash. The final purchase price is subject to adjustments after closing. Sierra Wireless’ AirCard business produces LTE-enabled network access devices for […]
FCC actions aim to accelerate broadband deployment
The FCC on Friday announced a number of new actions that it hopes will help accelerate the deployment of wireless broadband by removing barriers from a number of areas in the build-out of new networks. On Friday, the Commission announced new rules that would make it easier to modify an existing wireless tower or base […]
Verizon, AT&T agree to spectrum deal
Verizon Wireless said Friday that it will sell 39 lower 700 MHz B-block licenses to AT&T in exchange for a payment of $1.9 billion and the transfer by AT&T to Verizon Wireless of AWS (10 MHz) licenses in certain western markets, including Los Angeles, Phoenix, Fresno, Calif., and Portland, Ore. The deal will build on […]
Samsung’s Q4 profits jump 76% on Galaxy sales
A doubling of profits from Samsung’s Galaxy line of smartphones boosted the company’s overall fourth quarter profits by nearly 76 percent over the previous quarter. Samsung recorded net profits for the fourth quarter of $6.6 billion, a 76 percent surge from $3.72 billion during the same period last year. According to FactSet, analyst consensus was […]
Report: Mobile data traffic doubles, speeds rise
In it’s third-quarter State of the Internet report, Akamai Technologies found that more people are connecting to the Web via mobile phones, and they’re surfing on those devices at significantly faster speeds overall. Based on data collected by Ericsson, the volume of mobile data traffic doubled from the third quarter of 2011 to the third […]
Apple earnings, guidance disappoint; stock plummets 10%
Investors weren’t impressed with what Apple had to say in its fiscal first-quarter earnings call Wednesday. Shares fell more than 10 percent to $460 in aftermarket trading on lowball guidance and a rare dip in quarterly profits, as well as diminishing margins. Apple basically met analyst revenue expectations with $54.5 billion, but a net income […]
Google jumps on strong Q4 despite Motorola
Motorola Mobility showed up like a stain on Google’s otherwise strong fourth quarter, but investors shrugged off the handset maker’s losses. Shares of Google were up more than 6 percent, or $44, to $743 in early trading Wednesday. Total gross consolidated revenues were up 36 percent annually and 8 percent sequentially to $14.4 billion. Google […]
Report: LTE subscribers will hit 198M in 2013
The number of LTE subscribers is set to more than double in 2013, according to a forecast released Tuesday from IHS iSuppli. According to the report, worldwide LTE subscribers will surpass 198.1 million in 2013, a 115 percent increase from the 92.3 million last year. Numbers from carriers back up those numbers. For instance, MetroPCS […]