Verizon Wireless profits and subscribers were up in fourth quarter 2007 while landlines decreased. Verizon had a 10.6 percent drop in consumer lines due to stiff competition. Verizon lost 875,000 phone lines in the quarter, including 476,000 primary home-phone lines,...
Nokia had a very good year also reporting: 34% increase in revenue. 27% jump in handset shipments during the fourth quarter of 2007. 40% market share selling 135.5 million handsets. 44% increase in its fourth-quarter profit. Operating profit for the...
AT&T had a very good year end: It added nearly 2.7 million wireless subscribers ending 2007 with 70.1 million subscribers. ARPU was up 2 percent to $50.28. 16.3 percent increase in total wireless revenues Data revenues increased 57.5 percent over...
Sprint announced initial plans to streamline its business with reductions across the company including approximately 4,000 internal positions and reduced use of outsourced services. The company also expects to eliminate more than 4,000 third-party distribution points and to close approximately...
Qualcomm Inc. reported that its fiscal fourth-quarter earnings nearly doubled because of the demand for chips that power high-end cell phones,. Unfortunately, Qualcomm cut its annual forecast because a patent dispute with Nokia Oyj may reduce technology licensing sales. Revenues...