Barron’s | Tellabs’ shares dropped 19 percent Tuesday on fourth quarter earnings that came up short, a forecast for continued weakness in the first quarter and a stock downgrade amid intense competition in the telecommunications sector.
Filed under: Telecommunications
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Jan. 25 at 4:44 p.m.
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Filed under: Earnings, Manufacturing, Stock activity, Telecommunications Triple whammy sends Tellabs’ stock down 19%
Verizon to offer unlimited iPhone plan — for now
Verizon Wireless added fewer smart phone customers in the fourth quarter, before getting the Apple Inc. iPhone, as the carrier also announced plans to initially sell the iPhone with a $30 unlimited plan, its standard smart phone plan.
The news comes as Verizon Communications Inc. reported a 2.6 percent decline in fourth-quarter revenue, hurt by its declining wireline business. The telecommunications company’s per-share earnings missed Wall Street’s expectations by 1 cent. Get the full story »
Judge: Motorola can’t transfer Huawei technology
An Illinois judge has dealt a setback to Motorola in a legal dispute with Chinese company Huawei Technologies over Motorola’s planned sale of its networks business.
Huawei sued Monday in U.S. District Court for the Northern District of Illinois, claiming that the sale of the networks business to Nokia Siemens Networks would represent a misappropriation of trade secrets and breach of contract between Motorola and Huawei. Get the full story »
Huawei sues Motorola over technology transfer
Chinese telecommunications company Huawei Technologies Co. sued Motorola and Nokia Siemens Networks Monday, seeking to stop the planned $1.2 billion sale of Motorola’s networks business to the European company.
The lawsuit, filed in U.S. District Court for the Northern District of Illinois, marks the first time Huawei has sued a U.S. company. Get the full story »
Verizon challenges FCC’s ‘network neutrality’ rules
Verizon Communications Inc. on Thursday filed a legal challenge to new federal regulations that prohibit broadband providers from interfering with Internet traffic flowing over their networks.
In a filing in federal appeals court in the District of Columbia, Verizon argues that the Federal Communications Commission overstepped its authority in adopting the “network neutrality” rules last month. Get the full story »
Source: Nokia drops planned AT&T smart phone
Nokia has pulled out of a plan to launch a smart phone with No. 2 U.S. mobile provider AT&T Inc., just before the device was supposed to be announced, a person familiar with the matter said.
The touchscreen phone, to be called the X7, could have helped Nokia gain ground in North America, where it has struggled to compete with rivals such as Apple Inc., Research in Motion and Motorola Mobility. Get the full story »
CUB: Shop for cheaper landline option than AT&T
The Citizens Utility Board on Monday urged consumers to shop for better deals after AT&T’s increased its land line rates Jan. 3.
The company says the hikes spread costs among fewer land line customers. AT&T spokeswoman Brooke Vane says more than a quarter of households are wireless only. AT&T says Chicago has one of the lowest phone rates in the nation. Get the full story »
Icahn takes 11.4% stake in Motorola Mobility
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 »
Jan. 11 at 4:06 p.m.
Filed under: Cell phones, Consumer electronics, Technology, Telecommunications, Updated Verizon to sell $200 iPhone starting in February
Verizon Wireless has announced that the iPhone will be available on its network in early February. (Justin Sullivan/Getty Images)
After waiting three-and-a-half years, Verizon Wireless customers will finally get their hands on Apple’s iPhone next month.
The top U.S. wireless operator ended months of speculation and anticipation from impatient consumers on Tuesday by announcing that it would begin selling a version of the iPhone on Feb. 10 at the same prices as AT&T.
“I’m going to switch right away. I’m going to go back to Verizon,” said Raheem Noble, 24, a New York City rapper, who was on his way to buy the device before being told that preorders would not begin until Feb. 3. Get the full story »
Jan. 11 at 3:06 p.m.
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Filed under: Cell phones, Consumer news, Technology, Telecommunications Motorola, RIM may ship 6.5M fewer phones
From Bloomberg | Libertyville-based Motorola Mobility Holdings and Research In Motion may lose more than 6.5 million in combined phone shipments this year as Verizon Wireless begins to offer Apple’s iPhone, according to JPMorgan Chase & Co.
The Verizon iPhone could lead to a 55 percent drop in Motorola’s earnings per share, Rod Hall, an analyst at JPMorgan in San Francisco, wrote in a research note.
Jan. 11 at 6:24 a.m.
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Filed under: Cell phones, Internet, Technology, Telecommunications Mobile broadband users to hit 1 billion this year
Mobile broadband subscriptions are on track to surpass 1 billion in 2011 only months after reaching half a billion, Ericsson said on Tuesday, highlighting a key growth driver for the telecom sector.
“During the course of 2010, a significant milestone in terms of mobile broadband subscriptions was reached as their number surpassed the half-a-billion mark globally,” Ericsson, the world’s biggest mobile network gear maker, said in a statement. “Ericsson estimates that this number will double before 2011 ends.” Get the full story »
With more devices, 4G to hit its stride in ‘11
Until recently, consumers wanting to take advantage of 4G wireless network speeds didn’t have much choice in devices. Carriers offered laptop cards and USB dongles, but the selection of smart phones and other gadgets was minimal.
This dynamic will change dramatically this year, thanks to a flurry of product launches from mobile operators that are eager to meet increasing consumer demand for fast wireless broadband and draw more revenue from data traffic. At the Consumer Electronics Show in Las Vegas this week, carriers announced more than 15 new 4G devices, many of them smart phones or tablets. Get the full story »
Skype to buy mobile video company
Skype has agreed to buy Qik, a service that lets users stream video from their smart phones, for an undisclosed amount.
The price tag has been reported to be about $100 million, though Skype said it won’t provide terms. The deal is expected to close this month. Get the full story »
Motorola unveils tablet, ‘most powerful’ phone
The world’s most powerful smart phone.
Such a claim is a bold one, but Motorola Mobility is making it at the Consumer Electronics Show, the annual industry confab where companies try to one-up each other with the newest technology and flashiest product releases. Get the full story »
