News Briefs for Nov. 3, 2006
Vodafone has completed the previously announced sale of its 25-percent stake in Proximus to Belgacom. Vodafone and Proximus have signed a revised long-term partner network agreement in Belgium that will enable Vodafone and Proximus customers to continue to benefit from Vodafone’s global products and services. The initial agreement covers a 5-year term.
Broadcom announced that a Nasdaq Listing Qualifications Panel has granted the company’s request for continued listing of its Class A common stock on The Nasdaq Global Select Market. Moving forward, Broadcom must comply with several conditions to achieve continued listing, including submitting additional information to Nasdaq about its internal review on or before Jan. 7, 2007.
TeleCommunication Systems (TCS), a provider of mission-critical wireless communications technology, announced third-quarter revenue of $30.8 million, down slightly from $31.9 million in the previous quarter, but up from $29.2 million a year ago. A reseller agreement with Lucent Technologies is among the deals the company closed during the quarter.
AirLink Communications outlined its progression to EV-DO Revision A (Rev. A) technology in the North American market. The Rev. A enhancement, according to AirLink, will enable companies to efficiently monitor and manage their fixed and mobile assets leveraging AirLink’s ALEOS technology and tools and utilities, such as AceNet and Wireless Ace applications.
In a recent survey conducted at the Digital Hollywood Fall conference, 49 percent of participants agreed that a creative and flexible pricing scheme is needed to entice customers to purchase more content using a mobile device, according to Valista. The survey showed that only 13 percent of respondents believed that improving mobile search and discovery will increase the amount of content purchased.
Digi International recorded revenue of $144.7 million for the fiscal year ended Sept. 30, up from $125.2 million a year ago. During the quarter, the company acquired MaxStream, giving Digi a strong entry into the wireless device networking market.
Pegasus Wireless has begun trading its securities on the OTC Bulletin Board Exchange after voluntarily removing them from the Nasdaq Global Market. The advanced wireless solutions provider says it is exploring opportunities with other stock exchanges on which to list its securities.
Powerwave Technologies reported net sales from continuing operations of $145.8 million for its third quarter, which excludes revenues from its Arkivator subsidiary of $11.6 million for the third quarter. Including the Arkivator subsidiary, total revenues for the third quarter would have equaled $157.4 million.
Source- wirelessweek Wireless Mobile Telecom