Motorola Mobility continued its slide under Google, posting a wider loss amid a decline in sales in the third quarter. The business is in full turnaround mode under CEO and ex-Googler Dennis Woodside, but for now, the results are ugly. The unit posted an operating loss of $527 million, with the vast majority of that …
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No iPhone jinx: Verizon Q3 profit up 15 percent to $1.6B
Verizon managed a rare feat in the third quarter: juggling a spike in iPhone sales with double-digit earnings growth. The two rarely go hand in hand, as the more iPhones a carrier sells, the higher the subsidy it has to pay to Apple (without that subsidy, your iPhone 5 would cost a minimum of $650), and the larger the hit …
Read More »Isis, yet another mobile
Isis, the wireless carrier joint venture created to push mobile payment services, said today that it would launch its trials in Salt Lake City and Austin, Texas, on Oct. 22. There will be as many as 20 compatible handsets by the end of the year, the company said in an e-mailed statement. Isis is an effort by Verizon Wireless, AT&T, …
Read More »Vegas baby! Cricket 4G LTE rolls into Sin City
Leap Wireless is taking the really slow and steady approach to its 4G LTE roll-out. The prepaid wireless carrier said today that it was bringing 4G to Las Vegas, marking only the second city to get the faster network. The company rolled out its first market, Tucson, Ariz., last December. At a time when its larger rivals and even fellow …
Read More »Sprint in no rush to buy Clearwire, report says
Don’t hold your breath for a deal between Sprint Nextel and Clearwire. With Sprint getting taken over by Japanese wireless carrier SoftBank, many believed Sprint would take full ownership of Clearwire, which provides 4G services to carriers and consumers in select markets. In addition to being Clearwire’s largest customer, Sprint is the largest shareholder too, although it doesn’t have control …
Read More »How NQ Mobile’s Family Guardian will protect your kids
NQ Mobile isn’t content to protect your phone; it wants to protect your children too. The company, which primarily makes mobile security software that fights off malware and viruses on smartphones, is moving to an adjacent area of security with its Family Guardian app. The app, only available on Android for now, is presented as an all-in-one parental control tool. …
Read More »Sprint savior? Japan’s Softbank could bring badly needed boost
Softbank may be the shot in the arm that Sprint Nextel needs to finally be competitive with the big boys in the U.S. Sprint and Softbank confirmed early Monday that they had agreed to a deal in which Softbank would spent $20.1 billion to take a 70 percent stake in the company. Softbank will pay shareholders $12.1 billion and invest …
Read More »What SoftBank’s takeover of Sprint means for you (FAQ)
Japanese wireless provider SoftBank made a huge bet on the U.S. market after it agreed to take control of Sprint Nextel for $20.1 billion. After days of speculation and reports, the two companies confirmed the deal this morning. SoftBank gets a large foothold in the U.S. market, which it believes still has the opportunity for growth. Sprint, meanwhile, gets a …
Read More »Japan’s Softbank poised to supercharge Sprint network
Softbank CEO Masayoshi Son isn’t impressed with the high-speed wireless networks in the United States. “Everytime I come to the U.S., I say ‘Oh my God, the mobile phone network is so slow,'” Son said during a conference call with analysts today. Now, Son is in a position to change things to his liking after Softbank and Sprint Nextel agreed …
Read More »Sprint LTE trudges ahead to San Francisco, 21 other markets
Sprint Nextel is slowly making some progress on the 4G LTE front. The carrier, which lags behind Verizon Wireless and AT&T with its LTE network, said today that it would expand into an additional 22 markets — including San Francisco — “in the coming months.” This follows the company’s commitment last month to roll out the service in 100 cities, …
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