Financial News

Alcatel-Lucent, a telecommunications equipment maker, announced today that it posted its fifth straight quarterly loss. The company lost 181 million euros ($282 million) compared to a loss of 8 million…

Motorola, the company that manufactured the first commercially available cell phone, saw its overall sales drop 21% in this year’s first-quarter. Sales dropped to $7.45 billion from last year’s first-quarter…

Samsung Electronics announced today that its net profit was up 37% in the first-quarter of this year. Much of the increase came from sales of cell phones in emerging markets.…

NextWave Wireless is planning to sell its holdings of U.S. airwaves. It is estimated that the licenses held by NextWave are worth billions of dollars. The money raised from the…

The largest telecommunications company in the United States announced today that it will cut 4,600 jobs to facilitate a shift to growing sectors of its business. Most of the layoffs…

Nokia posted a $1.9 billion profit in the first-quarter of this year, up 25% from last year’s $1.6 billon first-quarter. Revenue grew 28% to $20 billion from $15.6 billion a…

The world’s fifth largest mobile phone manufacturer had a record first-quarter this year. LG Electronics sold 24.4 million mobile phones in the quarter ending in March of 2008. The sales…

Motorola, a company that helped bring the cell phone to fruition, has been struggling lately. To recapture world market share, Motorola will name former AT&T chief executive David Dorman to…

When Nokia announced in January that it planned to close its manufacturing plant in Bochum Germany, many union leaders and politicians were upset with the world’s largest mobile phone maker.…

As the mobile phone market in Europe and North America slows down the slack is being picked up by Africa and Asia. Handset manufactures sold 238 million phones in the…

Thumbplay, a mobile entertainment company, announced today that it has raised $18 million in new capital. Thumbplay will use the seed money to expand its direct-to- consumer product offerings, in…

T-Mobile USA reported good numbers for the fourth-quarter of 2007. The company added 951,000 new customers and generated $4.4 billion in revenue. These numbers are up from 2006’s fourth-quarter, when…

Media & Entertainment

Nortel Networks Sees Tuff Times

7:58 am PST • February 28, 2008

Nortel Networks, a telecommunications equipment maker, lost $957 million last year and announced another reorganization. To stop the bleeding, the company will cut 2,100 jobs and move another 1,000 jobs…

Texas Instruments announced today that it will add new chip applications beyond the mobile phone market. The new chips will be used in everything from music players to medical equipment.…

Qwest Communications International announced today that it plans to deepen partnerships to offer better video, Internet and wireless services. The company plans on spending around $1.8 billion for capital improvements.…

Research in Motion, the BlackBerry manufacturer, announced today that it underestimated last year’s fourth-quarter subscription additions by 15 to 20 percent. Last December the company said net subscriber account additions…

The Wall Street Journal Digital Network announced today a free, downloadable application for Windows Mobile phones that provides users access to WSJ.com, MarketWatch.com and Barrons.com. The service was developed with…

After the New York stock market closed yesterday, Motorola announced that it is considering ways to deal with its ailing mobile phone division. Some have speculated this means selling or…

Stalinist North Korea has contracted with the Egyptian company Orascom Telecom to provide mobile phone service in the communist country. North Korea began mobile service in November 2002 but within…

Comstar UTS, a Russian land-line operator, announced today that it has started building a mobile broadband network using WiMax technology in Armenia. Comstar will buy base station equipment from Airspan…

Connectivity Scorecard, a system that ranks countries on around 30 indicators that measure how will a country boosts its social and economic prosperity through telecommunications technologies, puts the United States…

T-Mobile USA added 951,000 subscriptions between October and December of 2007. This gives the country’s fourth largest mobile phone company a subscription customer base of 28.7 million. T-Mobile’s sales were…

Bernstein Research analyst Toni Sacconaghi thinks that over 25% of iPhones sold in the United States may have been unlocked. Sales numbers from Apple and AT&T revealed about 1.45 million…

The United State’s second largest telecommunications company, Verizon Communications, announced that fourth quarter profits were up 3.9% for October through December of 2007. The perceived economic slowdown in America hasn’t…

Yesterday Nokia issued a prediction that in 2008 its mobile phone shipments will increase by 10% and that the company’s worldwide market share will increase beyond the 40% it claimed…

AT&T announced today stronger-than-expected wireless growth in the fourth quarter. Investors were concerned that a slowdown in the U.S. economy would hurt the company’s subscriber growth. But AT&T added 2.7…

Motorola announced today that its profit fell 84% in the fourth quarter and that its handset division is struggling. CEO Greg Brown acknowledged that the No. 3 cellphone maker isn’t…