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Regional cell phone company U.S. Cellular Corp. on Thursday said its fourth-quarter net income and revenue were flat with a year ago, as it continued to lose subscribers.
The company’s net income came to $6.8 million, or 8 cents per share, compared with $6.6 million, or 8 cents per share, a year earlier. Get the full story »
Three Laws Mobility Inc., a mobile software firm that was just acquired by Libertyville-based Motorola Mobility Holdings Inc., has partnered with a number of mobile phone manufacturers to launch a new Android-based platform for enterprise users.
Motorola Mobility just announced its acquisition of Mountainview, Calif.-based 3LM on Monday. The startup, which specializes in Android-based software and products for business users, is operating as its own business unit within Motorola. Get the full story »
Motorola Mobility Holdings Inc. has acquired a Mountainview, Calif.-based company that makes the Android mobile operating system secure for business environments.
The acquisition will help Motorola sell more Android smart phones to business customers, a realm traditionally dominated by Research In Motion’s BlackBerry. Three Laws Mobility Inc., or 3LM, is a developer of security software and other products for Android. Get the full story »
Motorola Mobility shares rose 5 percent after AT&T Inc. said Motorola’s next product would be its flagship phone as the pair look to compete against the new Apple Inc. iPhone at Verizon Wireless.
AT&T, which first showed off the Motorola Atrix phone January 5, has given up its more than three years of exclusive rights to sell the iPhone. Motorola has been seeking new partners since Verizon, its biggest customer, has selling the phone.
The pairing of Motorola and AT&T was not a surprise for analysts. But after shaving as much as 20 percent off Motorola shares in the days after its earnings report last week, investors showed some relief when AT&T said in a Wall Street Journal story that it would push the phone heavily . Get the full story »
Intense competition in the cell phone industry resulted in a difficult fourth quarter for Chicago-based U.S. Cellular Corp.
The company said Thursday that its fiscal performance in the quarter ended Dec. 31 fell below its expectations because the company had to step up promotions to retain and attract customers. U.S. Cellular lost 21,000 customers during the quarter. It finished 2010 with about 6.1 million customers.
The company gave a sneak peak at its results ahead of its earnings release on Feb. 24. Get the full story »
Motorola Mobility Holdings Inc., the newly independent cell phone and set-top box business of the former Motorola Inc., appointed Nike Inc. executive Jeanne P. Jackson to its board Thursday. Get the full story »
Carl Icahn in 2007. (Terrence Antonio James/Chicago Tribune)
Activist investor Carl Icahn owns 11.4 percent of the newly formed Motorola Mobility, according to regulatory documents filed with the U.S. Securities and Exchange Commission.
Icahn had been steadily building his stake in the old Motorola Inc. prior to the company’s separation into two independent, publicly traded companies on Jan. 4. Motorola Mobility, which makes mobile phones and TV set-top boxes, was spun off from Motorola. The remaining company, which makes communications equipment for government and business customers, was renamed Motorola Solutions.
According to regulatory filings, Icahn has 33.5 million shares in Motorola Mobility. His stake in the new company is roughly on par with his stake in the old Motorola. Get the full story »
Motorola Mobility, the soon-to-be-independent division of Motorola Inc. that makes mobile devices, has acquired a California technology start-up that specializes in delivering music and video on demand.
Terms of the deal with Burlingame, Calif.-based Zecter Inc. were not disclosed. Motorola Inc. is separating into two companies on Jan. 4, becoming Motorola Mobility and Motorola Solutions. Motorola Mobility encompasses mobile devices and cable TV set-top boxes, while Motorola Solutions comprises communications equipment for government, public safety and industrial users. Each company will be publicly traded on the New York Stock Exchange. Get the full story »
The long awaited uptake of the potentially lucrative mobile advertising market by advertisers and consumers has actually started to happen, companies from Canada, Egypt and Poland said on Friday. Get the full story »
Comcast Corp. has unveiled an application for Apple Inc.’s iPad that allows its customers to watch videos, program their digital video recorders and more, as pay-television providers look to keep eyeballs on their offerings, whether in the home or not.
The cable- and satellite-TV business appears to have suffered its second consecutive quarterly subscriber decline during the summer, fueling concerns about the prospect of online video disrupting the media and entertainment industry’s most lucrative and dependable revenue model.
With its iPad application, Comcast joins a growing list of video streaming products from big-name media companies, including Dish Network Corp., Netflix Inc., Hulu and ABC, trying to catch the attention of a new generation of consumers, looking for content they can stream from the Internet to their new portable media devices. Get the full story »
United Airlines said this morning that it is offering customers 1,000 bonus frequent flier miles through the end of the year when checking in for domestic flights (or those to Puerto Rico and the U.S. Virgin Islands) on a mobile device. United offers mobile boarding passes at almost 40 airports.
An app on the Motorola Droid X. (Michael Tercha/Chicago Tribune)
Motorola Inc., reached a milestone Thursday as its mobile division reported an operating profit a quarter ahead of schedule, and the company said its smart-phone sales will near 14 million units for the year.
The company’s Mobile Devices unit reported operating earnings of $3 million on Thursday, versus a year-ago operating loss of $183 million. During the quarter, the company’s shipments of smart phones rose to 3.8 million and included 22 new products introduced this year.
Smart-phone shipments totaled 2.3 million units in the first quarter and 2.7 million in the second quarter. Analysts had expected ships to total about 3.7 million in the third quarter. The company said smart-phone sales will near the upper end of its previously announced guidance of between 12 million and 14 million units for the year. Get the full story »
Federal regulators say Verizon Wireless has agreed to pay a fine of $25 million and at least $52.8 million in refunds to customers who inadvertently racked up data charges on their phones over the last three years. Get the full story »
Verizon Communications Inc.’s wireless business lost more ground than expected to AT&T in the third quarter, pushing shares down 2 percent.
Verizon Wireless, its venture with Vodafone Group is widely expected to sell Apple’s iPhone early next year, but for now it is playing catch-up to AT&T, the exclusive U.S. iPhone carrier. Get the full story »
A new fund could help bring high speed Internet to unserved and remote areas of the United States, U.S. telecommunications regulators said on Thursday.
The Federal Communications Commission proposed allocating universal service funds — fees consumers pay telephone companies to subsidize landline phone services for low-income and rural families — to create a “mobility fund” to expand broadband Internet to areas without service. Get the full story »
