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Despite all the doom and gloom scenarios that appear each day as this recession unfolds, there's a pair of fresh reports predicting wireless data and content will continue to thrive. "It is likely that more people will be willing to downgrade their internet services, wireline usage, cable premium...
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Virgin Mobile USA ( NYSE: VM ) said today it's laying off about 45 employees in its New Jersey and California offices, which represents about 10 percent of the overall workforce. It now will have about 400 employees on payroll. In a memo sent to employees today, Virgin's CEO Dan Schulman explained...
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SK Telecom ( NYSE: SKM ) has decided not to form a joint venture or collaborate on business projects with Sprint Nextel, according to Reuters , which referenced a report in the Yonhap News. Sprint rejected a $5 billion investment by SK and a group of private equity firms in 2007, but rumors kept resurfacing...
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Vodafone ( NYSE: VOD ) reported first half profit fell 35 percent to £2.14 billion ($3.33 billion), or 4.02 pence (6.25 cents) a share, and announced it was trimming its sales forecast, the second cut in four months. Citing "challenging" operating conditions in Europe and the ongoing economic...
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Over the past few years, the mobile games industry has been been hampered by high royalty costs, distribution difficulties and the costs of supporting a wide number of handsets. But now, there's a renewed sense of optimism. New platforms, such as Apple's iPhone, Google's Android and Nokia's...
Posted to
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11-10-2008
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Filed under: 43, 451, 51, 465, 49, 459, 37, 10, 70, 373, 375, 22, 27, 815
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Virgin Mobile USA ( NYSE: VM ) reported stronger than expected financial results today, helped by a series of actions that took place following the company's acquisition of Helio. It wasn't so much Helio's customers and it definitely wasn't the company's distribution system that benefited...
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Virgin Mobile USA ( NYSE: VM ) reported its Q3 financial results today, which is the first period that includes results from Helio, the struggling MVNO that the company bought from EarthLink and SK Telecom ( NYSE: SKM ) in August. The company easily beat its expectations in the quarter, by reporting...
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Clearwire's CEO Ben Wolff provided an update on the company's pending merger with Sprint's WiMax business during the company's third-quarter conference call. Following the FCC's approval of the deal last week, Wolff said the only approvals left to get are from Clearwire's shareholders...
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A week after the FCC approved Clearwire's acquisition of Sprint's WiMax business, the Kirkland, Wash.-based company released Q3 financial results today. In a release, Clearwire's CEO Ben Wolff acknowledged the FCC approval, and said the merger is on target to close by the end of the year...
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Sprint ( NYSE: S ) Nextel reported a third quarter loss of $326 million on revenues of $8.81 billion, as 1.3 million customers, which fled the troubled carrier. The loss amounts to 11 cents a share, far below analyst expectations of three cents a share profit. Sales also failed to meet forecasts, slated...
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Qualcomm ( NSDQ: QCOM ) said its fiscal fourth-quarter revenues increased 45 percent to $3.33 billion compared to the same quarter a year-ago, and profits fell 22 percent to $878 million, or to 52 cents a share. For the full year, Qualcomm reported profits of $3.16 billion on revenues of $11.14 billion...
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T-Mobile USA reported third quarter revenue rose 12.5 percent on a dollar basis to $5.5 billion, up from $4.89 billion a year earlier. Net income came in at $442 million, down from $452 million a year ago. Data services revenue surged 28 percent year over year to $850 million in the third quarter. Messaging...