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Trans-Atlantic Mobile Phone 'Walkie-Talkie' Test Successful
RELATED SYMBOLS: (NOK)
SCHAUMBURG, Ill., Jan 21, 2003 /PRNewswire via COMTEX/ -- FastMobile, an
Illinois based mobile phone services company, announced that it successfully
completed a voice walkie-talkie (push-to-talk) test between Chicago and London
using two standard mobile phones.
Group voice and text instant messages were sent simultaneously among the
participants. The test used a compact FastMobile application running on off-
the-shelf Nokia 7650 and 3650 handsets with Symbian operating systems. A
FastMobile server, located in suburban Chicago and untethered to any operator,
routed the digitized voice and text conversations across the GSM mobile Internet
data networks (or General Packet Radio Service, GPRS) of US operator, T-Mobile,
and UK operators, Orange and Vodafone. The successful test was completed without
requiring any special hardware to be added to the either the mobile handset or
the operators' networks.
In the US, the mobile phone operator Nextel has popularized cellular phone-based
walkie-talkie services, particularly within the business segment. To date such
services are limited to Nextel customers and have a limited range -- usually
within the customer's home metropolitan area -- although Nextel has recently
announced that they have started rollout of a nationwide service, expected to be
completed by the end of this year.
By the second quarter of 2003, FastMobile plans to commercialize the
walkie-talkie feature into its fastxt(TM) mobile instant messaging service which
is now available in the UK. FastMobile is also planning to bring fastxt(TM) and
its whole suite of instant communications service to the US later this year.
fastxt(TM) is an enhanced mobile messaging service based on what is arguably one
of the killer applications of the PC world today, instant messaging. fastxt(TM),
allows subscribers to see when their friends are online and then lets them send
instant text messages simultaneously to as many friends as they like. fastxt(TM)
also lets subscribers send and receive ordinary SMS text messages as well as
communicate with MSN Messenger(TM) friends at their PC's. FastMobile's services
work on Symbian OS handsets and many of the newer Java handsets.
FastMobile will be demonstrating this walkie-talkie feature and its suite of
instant communications services at February's 3GSM World Congress in Cannes,
France, in Hall 2, stand F10.
About FastMobile:
FastMobile is the company that brings you fastxt(TM). FastMobile has operations
in the US, Europe and Asia delivering value added messaging services over GPRS
and other 2.5G and 3G mobile networks. FastMobile's first service, fastxt(TM),
brings the power of instant messaging to mobile phones and will be followed with
a range of innovative services that link the power of the internet to the
immediacy of mobile.
The company is backed by private investment and venture capital from US
companies BlueStar Ventures, Leo Capital Holdings and Red Barn Investments. The
company raised $4 million in its first round of funding. For more information,
please visit FastMobile's Web Site at http://www.fastmobile.com .
SOURCE FastMobile
CONTACT: Harry Eschel of FastMobile, +1-847-413-4393,
harry@fastmobile.com
URL: http://www.fastmobile.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Illinois
England
France
INDUSTRY KEYWORD: CPR
CSE
MLM
REA
TLS
SUBJECT CODE: PDT
TDS
(Wall Street)
Daniel Nieves
any news out....price is dropping real fast.
Daniel Nieves
Ot:I think I'll do the same.eom
Daniel Nieves
Hutchison 3G now set for March launch
Jan 17, 2003 (Datamonitor via COMTEX) -- The ambitious plans of Hutchison 3G UK
Ltd to be the first operator to launch a commercial 3G service in Europe,
received a further boost following the news it has 30,000 registrations for its
video mobile service in the United Kingdom.
The company is expected to spend tens of millions of pounds this year on
advertising the launch of its 3G service, which will be branded "3". It already
has in excess of 1,000 3G test handsets in operation across the UK, and expects
to launch the service before the end of March. It should be noted that this 3G
service will only cover 50% of the UK population (outside these areas, users
will roam the 2G network of mm02).
Hutchison had been expecting to launch its 3G service by December 2002, but
technical problems have pushed the project six months behind schedule. The delay
has meant that Hutchison Group is facing a massive increase in costs, and has
had to delay the March launch date of its 3G service in Australia, where it had
the chance to steal a march on bigger rivals Telstra and Optus, which are
currently in the 3G pilot stage.
Hutchison Group had a strict timetable for the roll-out of 3G services around
the world, with UK first, followed by Italy, Hong Kong, and then Australia. The
group is spending more than 7bn pounds ($11,2bn) on 3G in Europe, against 1bn
pounds ($1.6bn) in Australia.
For the first 20,000 customers in the UK, the 3G service will cost 59.99 pounds
($94) or 99.99 pounds ($159) per month, depending on the amounts of "free" voice
and video calls, as well as text and picture messaging. Handset prices will
start from 399 pounds ($640), although promotional discounts could drop this
down to the 200 pound ($321) mark.
The news follows the earlier announcements that Hutchison 3G has signed deals
with "The Link", a chain of mobile phone outlets, along with the 325 strong
chain of "Phones 4u" stores, to sell the "3"-branded 3G handsets and other
products and multimedia services.
Source: Computerwire
URL: http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
Copyright (C) 2003 Datamonitor. All rights reserved
-0-
KEYWORD: Hutchison 3G UK Ltd
SUBJECT CODE: Hutchison Whampoa Limited
(Wall Street)
Daniel Nieves
I see trades @ 14.75-15.95 eom
Daniel Nieves
Frankfurter Allgemeine Zeitung: Siemens receives major order (Nachrichten
RELATED SYMBOLS: (NOK)(SI)
Jan 16, 2003, (Frankfurter Allgemeine Zeitung /FT Information via COMTEX) --
The mobile telecommunications division of Siemens, the German electronics group,
has received an order from Taiwan Cellular Corp. (TCC), the Taiwanese mobile
telephone operator, for the installation of a UMTS network in Taiwan.
Siemens' co-operation partner for the project is Nokia, the Finnish mobile
telecommunications specialist. TCC is Taiwan's leading mobile telephone operator
with approximately 8 million customers.
Abstracted from Frankfurter Allgemeine Zeitung
Copyright 2003: Financial Times Information. All rights reserved
-0-
KEYWORD: Finland
Germany
Taiwan
Asia
Europe
Western Europe
INDUSTRY KEYWORD: Cellular & Other Wireless
Telecommunications
Computer & Electronic Product Mfg
Radio TV Broadcast & Wireless Communications Equipment
Mfg
Wireless Telecom Carriers exc Satellite
SUBJECT CODE: Company News
Contracts & New Orders
(Wall Street)
Daniel Nieves
Moody's, S&P give Aa1, AA- ratings to NTT DoCoMo bond
RELATED SYMBOLS: (DCM)
TOKYO, Jan 16, 2003 (Kyodo via COMTEX) -- Moody's Investors Service Inc. and
Standard & Poor's Corp. separately announced Thursday they have assigned ratings
of Aa1 and AA-minus, respectively, to NTT DoCoMo Inc.'s 50 billion yen bonds due
in 2007.
But the two major U.S. credit-rating agencies differed in their rating outlook
on the company, with Moody's describing it as "negative" and S&P "stable."
NTT DoCoMo is to issue to individual investors the 0.30% coupon four-year bonds,
the first such issuance by Japan's dominant mobile phone service provider to
individuals, with payment due Jan. 31.
Moody's said its rating mirrors NTT DoCoMo's dominant market position, its
strong financial profile, and its relationship with Nippon Telegraph and
Telephone Corp.
However, Moody's said its outlook assessment reflects concern over the future of
NTT DoCoMo's competitive advantage in third-generation (3G) mobile services,
which it said is important for maintaining the long-term stability of the
company's cash flow generation.
However, S&P said the firm's 3G "FOMA" service "is likely to attract new
subscribers" on the strength of planned mobile handsets with longer standby
hours and a wider coverage area, whose introduction is planned for March 2003.
"As the shift to 3G services continues, the company is expected to emerge as a
leading power by fully utilizing its strengths in technology, corporate branding
and marketing," it said.
(EDS: RECASTING WITH CREDIT RATING BY S&P)
2003 Kyodo News (c) Established 1945
-0-
KEYWORD: TOKYO
(Wall Street)
Daniel Nieves
Chargers Offer to Pay Toward Stadium
RELATED SYMBOLS: (QCOM)
SAN DIEGO, Jan 15, 2003 (AP Online via COMTEX) -- The San Diego Chargers are
offering to pay for half of a $400 million stadium they want built to replace
36-year-old Qualcomm Stadium.
Under a proposal that the team will present Thursday night, the public's
contribution of $200 million would be paid off in part by taxes generated by a
mixed-use "urban village" that would include housing, shops, restaurants and a
hotel on approximately 70 acres of the 166-acre Qualcomm site.
"We decided that simply proposing a new football stadium was not sufficient to
win public support, nor would we consider asking the city for money from the
general fund, particularly at a time of serious budget shortfalls," said
attorney Mark Fabiani, who's leading the Chargers' efforts to get a new stadium.
Fabiani will present the Chargers' proposal to a citizens task force on Thursday
night. The task force will present its recommendation on the Chargers' future to
the City Council, probably by late February.
Attorney Mike Aguirre, a frequent critic of the Chargers' lease with the city,
questioned the team's proposal for the public portion of the project.
"Where it comes from doesn't change the character of the money. It's still
public funds," Aguirre said. "The idea that it's going to come from some kind of
magic development and all that, that's all what-if's and speculative.
"It sounds to me that the Chargers have been sandbagging the city. They didn't
need to wait until Jan. 16 to say, 'We'll pay $200 million and razzle-dazzle you
with where the rest of the money will come from."'
Fabiani said the Chargers believe the city could make $100 million from selling
the land to be developed, with the rest of its commitment coming from a bond
sale that would be paid off by property taxes, sales taxes and hotel occupancy
taxes. Once the stadium is paid off, the city would continue to make money off
those taxes, which it doesn't currently get from the site, he said.
Fabiani said there's the possibility of a $50 million loan from the NFL, which
would reduce the Chargers' commitment to $150 million.
The Chargers propose that the urban village be developed by the city.
"We simply want to be tenants in a stadium that allows us to be financially
competitive," Fabiani said. "Whether the city has another idea, we'll listen."
The proposed stadium would seat 64,000, but would be expandable to 72,000 to
accommodate future Super Bowls that the Chargers hope to attract. This year's
Super Bowl will be played at 70,000-seat Qualcomm, which the NFL says has fallen
below standards in several areas.
A new stadium would be built next to Qualcomm, which would then be torn down.
Other details will be released Thursday night.
Qualcomm Stadium is surrounded by approximately 17,000 parking spaces.
"You don't have to be a genius to realize this is a badly underutilized site,"
Fabiani said. "When the Padres leave, it will be the world's largest parking lot
and a stadium that will be empty for about 355 days a year."
The Padres are scheduled to move into a downtown ballpark in April 2004.
Aguirre said he wants the Chargers to explain why the city should spend $200
million more when it's already paying off a $78 million stadium expansion in
1997 that was part of a deal to extend the Chargers' lease through 2020 and
attract future Super Bowls. Plus, the city has already paid the Chargers some
$31 million as part of a controversial ticket guarantee.
Fabiani said the team's proposal is intended "to open a very public planning
process."
"Obviously the reaction to it will be of great interest to us. Beyond that, it
will give the city a notion of what's possible, then the city has to decide if
it wants to move ahead or not."
The Chargers would like to have a stadium issue on the November 2004 ballot.
By BERNIE WILSON
AP Sports Writer
Copyright 2003 Associated Press, All rights reserved
-0-
APO Priority=r
APO Category=2020
KEYWORD: SAN DIEGO
SUBJECT CODE: 2020
(Wall Street)
Daniel Nieves
Globalstar gets $55M lifeline
RELATED SYMBOLS: (QCOM)(NVAL)(LOR)
Jan 16, 2003 (The Deal via COMTEX) -- Floundering satellite telephone company
Globalstar LP got a new lease on life Wednesday, Jan. 15, when investment group
New Valley Corp. agreed to supply the bankrupt company with $55 million in
funding.
Terms of the deal, which is subject to Delaware bankruptcy court approval, call
for New Valley to provide $20 million in debtor-in-possession financing and
another $35 million should Globalstar emerge from Chapter 11 protection. In
return, New Valley would own a majority stake of Globalstar while its creditors,
which include founders Qualcomm Inc. and Loral Space and Communications Ltd.,
and bondholders would own the remainder.
Creditors and bondholders also will be given warrants to buy additional shares
of Globalstar. Should all the warrants be exercised, New Valley would own about
50% of the company.
Olof Lundberg, chairman and CEO of Globalstar, said the new capital "will give
us the resources to both strengthen our existing service and broaden our
portfolio of voice and data products."
Globalstar was established in 1995 by wireless technology firm Qualcomm of San
Diego and New York-based Loral to offer worldwide, satellite-based mobile
telephone service. But national and international expansion by terrestrial
cellular service providers quickly made Globalstar's offering irrelevant to most
consumers, and the company was unable to generate enough revenue to pay for its
expensive satellite launches and other startup costs.
Globalstar filed for bankruptcy protection in February. In November the company
warned it was running low on cash and was seeking DIP financing to complete its
reorganization.
New Valley CEO Bennett S. LeBow said Globalstar will reorganize successfully now
that it has the cash it needs.
"We strongly believe that Globalstar is best positioned to meet the increasing
demand for high-quality, low-cost mobile satellite telephony, data collection
and Internet communications," LeBow said in a statement. "We are confident that
New Valley's investment in Globalstar will enable the company to further expand
its growing customer base and progress towards profitability."
Most of Globalstar's brethren in the once-hyped satellite telephone sector have
scaled back significantly or disappeared. Iridium LLC, originally backed by
Motorola Inc., declared bankruptcy in August 1999. A group called Iridium
Satellite LLC, headed by former Pan Am World Airways president Daniel Colussy,
bought the satellite firm's assets for $25 million in December 2000.
Another company, ICO Global Communications Ltd. of London, also went bankrupt.
Financier Craig McCaw led a group that provided $1.2 billion to acquire ICO out
of bankruptcy in May 2000.
by Lou Whiteman in Atlanta
URL: http://www.TheDeal.com
(C) Copyright 2003 The Deal, L.L.C. All rights reserved.
-0-
INDUSTRY KEYWORD: Telecommunications
SUBJECT CODE: Bankruptcies
(Equity Analysis)
Daniel Nieves
sjratty, I was expecting worst...lets see what happens.
If it falls below 14 i'll buy some from the panic sellers...if it happens.
Daniel Nieves
Extended Trading
InterDigital Communications Corp.
Pre-Market / After Hours Market Jan. 15, 2003 Market Close: $ 16.05
After Hours Trade Reporting Wednesday January 15
After Hours
Last: $14.91 After Hours
Best Bid: N/A After Hours
High: $16.13
After Hours
Volume: 7,200 After Hours
Best Ask: N/A After Hours
Low: $14.50
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18.09 $ 14.91 200
18.04 $ 14.50 500
18.00 $ 14.91 300
17.37 $ 15 1000
17.35 $ 15.75 100
16.40 $ 16.13 1100
16.14 $ 16 400
16.09 $ 16.05 100
16.09 $ 16.05 400
16.09 $ 16.05 400
16.09 $ 16.05 300
16.09 $ 16.05 200
16.09 $ 16.05 100
16.09 $ 16.05 100
16.00 $ 16.05 2000
Daniel Nieves
WDN's Top 3 Wireless Picks For January Some players perform better than
Jan 15, 2003 (Wireless Data News/PBI Media via COMTEX) -- technology markets,
and Wireless Data News wants to keep our readers up to date about companies we
believe are the best potential performers. In this issue, Wireless Data News
debuts a feature detailing our picks for the top 3 players of the month in
various wireless service and technology markets.
The total numbers for multimedia messaging service platform sales are not
overwhelming, but the two companies at the top of the market should parlay their
deals as foundations for increased sales of their next-generation infrastructure
equipment. While the No. 3 player in the MMS platform space isn't going to
compete with the top two players in the infrastructure market, it's nevertheless
riding the momentum of being the result of a merger of the two top text-
messaging players.
Nokia [NYSE: NOK] rode strong sales in the second half of 2002 to lead the MMS
platform market with 29 deals, including one joint project.
Ericsson [Nasdaq: ERICY] is second with 28 contracts, including three joint
projects.
The No. 3 player is LogicaCMG [LSE: LOG], the company formed by the recently
completed merger of CMG Wireless Data Solutions and Logica, with 17 deals,
including two joint projects.
MMS platform, or MMS center, sales are important to each of these three
companies, but those sales affect Ericsson's and Nokia's differently than they
affect LogicaCMG's. Ericsson and Nokia, of course, also provide wireless
operators with infrastructure and handsets (with Ericsson's handset play through
the Sony Ericsson Mobile Communications joint venture). These companies can
leverage their existing relationships with operators as infrastructure and
handset suppliers to make MMS platform sales.
And even more importantly, after deploying MMS centers, Ericsson and Nokia
should expect to sell additional next-generation network equipment to those
customers. "For them the bigger game is the role of MMS in finally creating
demand in the market for GPRS and in the longer term for 3G," says John Delaney,
wireless infrastructure market analyst at Ovum's London office. "Because so far,
consumer uptake of GPRS has been very low indeed."
LogicaCMG, on the other hand, relies more heavily on messaging platform sales
because it isn't also offering handsets or network gear. And not being a handset
or infrastructure supplier can be a liability in the MMS space. Nokia's
accelerating MMS center sales, for instance, are linked to it also being its MMS
customers' source for MMS-capable phones and for next-generation network
technology.
>>John Delaney, jpd@ovum.com.<< [Copyright 2003 PBI Media, LLC. All rights
reserved.]
Wireless Data News, Vol. 11, No. 1 [Copyright 2003 PBI Media, LLC. All rights
reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
-0-
(Wall Street)
Daniel Nieves
AT&T Wireless Slowing Down But Not Leaving Market AT&T Wireless Services'
RELATED SYMBOLS: (DCM)(AWE)
Jan 15, 2003 (Wireless Data News/PBI Media via COMTEX) -- generation network
rollouts this year puts more pressure on it to increase revenues with its
existing footprint, but the change doesn't make the company more likely to be
acquired.
Redmond, Wash.-based AT&T Wireless trimmed its planned wideband-CDMA service
launch this year from 13 markets to four. It plans to launch in Dallas, San
Francisco, San Diego and Seattle in December. Its earlier W-CDMA plan was part
of the agreement around NTT DoCoMo's [NYSE: DCM] nearly $10 million investment
two years ago.
DoCoMo understands AT&T Wireless' timidity about spending on W-CDMA. DoCoMo also
will cut back its 3G capital expenditures. The Japanese wireless giant is adding
around 6,500 customers a month to its 3G service it launched in October 2001,
and through November had less than 150,000 subscribers using the network built
with an interface based on W-CDMA.
AT&T Wireless has completed its GPRS rollout over its GSM footprint, and plans
this year to start adding enhanced data for GSM environment (EDGE) networks on
that footprint before moving to W-CDMA. Whatever it does, AT&T Wireless needs to
grow its average revenue per user. Cutting capital spending by slowing its 3G
plan is a sure sign that it's not generating higher ARPU through its GPRS
overlay.
"I think this really is a wakeup call to folks that the demand has not been
there," says Scott Drobner, wireless program director for InfoTech, PBI Media's
market research firm in Parsippany, N.J.
One reason AT&T Wireless and other U.S. carriers aren't reporting APRU hikes
after introducing higher-speed service is the growth of the Wi-Fi market.
Customers wireless carriers count on for their highest revenues--business users
who say they want wireless data access--are using Wi-Fi services instead.
"That's kind of taken a little bit of the steam away from the demand for AT&T
Wireless," Drobner says.
But not enough steam to take AT&T Wireless out of the market. Curtailing its 3G
plans doesn't indicate AT&T Wireless' imminent acquisition. Rumors that Vodafone
[NYSE: VOD] might be unsatisfied with its U.S. play as the minority owner of
Verizon Wireless has some observers expecting Vodafone to bid for a U.S. GSM
operation.
But AT&T Wireless doesn't appear to be on the block, and DoCoMo's investment is
a particularly significant impediment to being sold. DoCoMo not only would
collect its share of the sale payments, but also would be due additional
payments from AT&T Wireless.
"The stakes are a bit higher now," Drobner says. "AT&T Wireless has to have some
sort of a rollout. I think it will be forced to repay about $6 billion to NTT
DoCoMo, which is a pretty sizable chunk."
>>Scott Drobner, sbrobner@pbimedia.com<< [Copyright 2003 PBI Media, LLC. All
rights reserved.]
Wireless Data News, Vol. 11, No. 1 [Copyright 2003 PBI Media, LLC. All rights
reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
-0-
(Wall Street)
Daniel Nieves
Siemens Adds Deals In Taiwan, Russia Siemens [NYSE: SI] boosted its
RELATED SYMBOLS: (SI)(TLTOB)
Jan 15, 2003 (Communications Today/PBI Media via COMTEX) -- first 3G contract
in the Asian region and with a deal for a large Russian network. Taiwan
Cellular, one of five companies to win a license in Taiwan's 3G auction in
February 2002, awarded Siemens' Information and Communication Mobile division a
contract to supply and build its wideband-CDMA network, with deliveries starting
this quarter. The contract includes core radio network equipment, hardware and
software.
In Russia, the German company will build a GSM 1800 network throughout the
Russian Federation for Swedish telecom operator Tele2 AB [Nasdaq: TLTOB]. The
contract ,marking the eighth country in which Siemens has built mobile networks
for Tele2, includes a switching network, radio base stations and microwave
transmission systems. The first sections of the network are scheduled for launch
during this quarter. [Copyright 2003 PBI Media, LLC. All rights reserved.]
Communications Today, Vol. 9, No. 9 [Copyright 2003 PBI Media, LLC. All rights
reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
-0-
(Wall Street)
Daniel Nieves
Alley, Thank you.eom
Daniel Nieves
spree99, Just for the record, we're not the only one down.
Qcom down 3%
Ericy down 4.50%.NAz down 25 pts.
Daniel Nieves
U.S. Equities (NYSE, AMEX, Nasdaq):
Monday, 01/20/2003 – Closed for Martin Luther King, Jr. Day.
Daniel Nieves
DoCoMo predicts four survivors in European mobile market
RELATED SYMBOLS: (DCM)
Jan 15, 2003 (Datamonitor via COMTEX) -- NTT DoCoMo Inc is predicting that
Europe can only support four mobile operators at most, and has signaled its
willingness to invest in one of the survivors, despite being badly hit
financially by its overseas expansion policy.
In an interview with the Financial Times, DoCoMo president Keiji Tachikawa said
he believes that "in Europe as a whole, there can be four operators at most.
Europe has to go through realignment", which he predicted would take place
sometime this year, once the operators have dealt with their financial
difficulties.
Tachikawa also indicated that DoCoMo would prefer a tie-up with an equity
investment with a European partner. This is despite DoCoMo being forced to write
off a massive JPY1,489bn ($12.6bn) due to the bursting of the telecom bubble.
DoCoMo had bought stakes in AT&T Wireless, Hutchison 3G and KPN Mobile at a time
when wireless carriers were riding high on world stock markets. With growing
doubts over the prospects for 3G, values slumped and DoCoMo was criticized for
buying stakes too small to exert an influence over its overseas partners, yet
sufficiently large to have painful financial effects when the market slumped.
DoCoMo also saw its stake in its main European partner, KPN Mobile, diluted from
15% to 2.2%, after the carrier issued new shares to its parent in a debt for
equity swap.
Tachikawa, the man who oversaw the international expansion of DoCoMo, conceded
that there have been mistakes, but insisted that DoCoMo remains committed to a
strategy of overseas expansion. He listed four likely scenarios for overseas
expansion, namely friendly partnership, technical alliance, minority investment
and majority investment.
It is not clear who would be in the top four, apart from Vodafone Group Plc,
which from a strategic and financial point of view occupies a healthy market
position in Europe. This is despite some problems in the French market, where it
lost out to Vivendi Universal SA over control of Cegetel SA, and hence France's
second largest mobile phone operator SFR SA.
Source: Computerwire
URL: http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
Copyright (C) 2003 Datamonitor. All rights reserved
-0-
SUBJECT CODE: NTT DoCoMo
(Wall Street)
Daniel Nieves
OT:8-K: HARRIS CORP /DE/
RELATED SYMBOLS: (HRS)
(EDGAR Online via COMTEX) -- Edgar Online has converted the HTML originally found in this filing document to plain text.
HARRIS CORPORATION 8-K Harris Corporation 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------------------------------------------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
--------------------------------------------------------------------------------
Date of Report (Date of earliest
event reported): January 15, 2003
HARRIS CORPORATION
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-3863 34-0276860
------------------------------- ------------------------ -------------------
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
1025 West NASA Blvd., Melbourne, FL 32919
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (321) 727-9100
No Change
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
--------------------------------------------------------------------------------
Items 1.-4. Not applicable.
Item 5. Other Events and Regulation FD Disclosure.
On January 15, 2003, Harris Corporation ("Harris") reported its
financial results for its second quarter of fiscal 2003.
A copy of the press release is filed herewith as Exhibit 99.1
and is incorporated herein by reference.
Item 6. Not applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial statements.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
The following document is filed as an Exhibit to this
Report:
99.1 Press Release, dated January 15, 2003.
Items 8.-9. Not applicable.
--------------------------------------------------------------------------------
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
HARRIS CORPORATION
By: /s/ Bryan R. Roub
--------------------------------
Name: Bryan R. Roub
Title: Senior Vice President and
Chief Financial Officer
Date: January 15, 2003
--------------------------------------------------------------------------------
EXHIBIT INDEX
Exhibit No.
Under Regulation S-K, Item 601 Description
------------------------------ --------------------------------------
99.1 Press Release, dated January 15, 2003.
EX-99.1 3 l98228aexv99w1.txt EX-99.1 PRESS RELEASE EXHIBIT 99.1 HARRIS CORPORATION REVENUE CLIMBS 16% IN SECOND QUARTER MELBOURNE,
FLORIDA, JANUARY 15, 2003 - Harris Corporation (NYSE: HRS) today reported that second quarter fiscal 2003 revenue climbed 16 percent
to $523.9 million, compared to $451.5 million in the second quarter of the prior year. Quarter highlights included accelerating
growth in Harris' two government businesses and better-than-anticipated improvement in the company's microwave business. New orders
were higher than sales. Second quarter net income was $16.3 million or $.25 per share. Net income and earnings per share were
reduced by expenses related to the previously announced cost reduction actions in the company's microwave business. These expenses
lowered pretax income by $8.3 million and net income per share by $.08. Absent these cost reduction expenses, net income per share
would have been $.33. The $.33 exceeded analysts' consensus expectations of $.26 per share, which was established on the same basis.
GOVERNMENT COMMUNICATIONS SYSTEMS Second quarter sales in the company's Government Communications Systems segment climbed 24 percent
to $272.7 million and orders were higher than sales. Sales growth was all organic and was across all areas of the business.
Operating income increased 21 percent to $24.5 million. The outstanding financial performance resulted from Harris' broad spectrum
of recent wins, solid government funding, and excellent execution by the management team. The expanding backlog includes contracts
with the Department of Defense, FAA, and other government agencies. Harris is providing communication and information products and
systems for the nation's increased emphasis on defense and security. New business during the second quarter included contracts for
classified programs, digital map systems for new aircraft, satellite GPS systems, and technical service contracts. - more - - 2 - RF
COMMUNICATIONS The RF Communications segment reported record sales of $75.3 million, an increase of 17 percent compared to the
prior-year quarter. Segment operating income was also a record, increasing 68 percent to $19.1 million. Income improvement reflected
increased sales volume and manufacturing efficiencies. The War on Terrorism has created unparalleled demand for Harris'
industry-leading Falcon(R) II tactical radios. The division has expanded capacity to meet continuing new demands for its product
line from the U.S., NATO, and Partnership for Peace countries around the world. Development activities at the division are
continuing on schedule for two programs that are redefining the world's tactical radios of the future - the U.S. Joint Tactical
Radio System Program and the United Kingdom's Bowman Tactical Radio Programme. BROADCAST COMMUNICATIONS Broadcast Communications
segment sales of $94.2 million increased 19 percent, compared to the prior-year quarter. As anticipated, new opportunities
materialized in international markets, including China, Germany, Romania, and the Middle East. During the second quarter, Harris won
international contracts for analog transmission, automation, and studio integration products and services, and received a $64
million order for the radio broadcast infrastructure of S.N. Radiocomunicatii S.A., Romania's state-owned broadcast organization.
Digital equipment sales in the U.S. increased modestly compared to the prior-year quarter. While there was some recovery of average
selling prices for digital transmitters compared to the first quarter of fiscal 2003, smaller-market broadcasters continued to
install the minimum amount of equipment necessary to temporarily comply with the FCC's digital conversion mandate. These purchases
of lower-power equipment continue to seed the market in preparation for the full digital transition and support Harris' current
formidable market position for the long term. - more - - 3 - The business reported operating income of $6.0 million, up sharply from
the first quarter's $1.9 million operating income, but a decline of 38 percent from last year's comparable quarter, reflecting a
shift in product mix that included a higher proportion of lower-margin analog products sold primarily in the international market.
MICROWAVE COMMUNICATIONS Sales in the Microwave Communications segment were $75.6 million, up 4 percent compared to the prior-year
quarter and increasing 35 percent compared to the first quarter of fiscal 2003. Strength continued in North America where sales
increased as a result of capacity upgrades by cellular and PCS providers and from Harris' solid position in the private network
business. While capital constraints still remain a concern in the international market, improvement in Harris' international
microwave business was encouraging. Eastern Europe, Africa, and Asia all showed relative strength. The segment reported an operating
loss of $8.2 million. Included in the loss was $8.3 million of expenses related to previously announced cost-reduction actions in
the quarter. Excluding these expenses, the microwave business was essentially breakeven during the second quarter. NETWORK SUPPORT
Second quarter sales were $12.1 million in the company's Network Support segment. The business reported an operating loss of $2.5
million. Continued cost-cutting programs helped to minimize losses in this telecom business. CASH FLOWS The company's financial
position continues to be very strong. Positive cash flow provided by operations in the first two quarters was $63.5 million,
compared to a use of $14.7 million cash in the same period of the prior year. Cash on hand at - more - - 4 - the end of the quarter
was $379.9 million, compared to $226.2 million at the end of fiscal 2002. During the first quarter, Harris improved its cash
position by approximately $145 million with a private placement of convertible debentures. Also in the first quarter, Harris paid
down $30 million in long-term debt which had become due. The company's current debt-to-total-capital ratio is 26.3 percent. FIRST
HALF OF FISCAL 2003 Harris sales in the first two quarters of fiscal 2003 were $974.1 million, versus $894.9 million in the
comparable period of fiscal 2002. Net income was $36.2 million, compared to $33.5 million in the first half of fiscal 2002. OUTLOOK
"Performance in our two government businesses continues to accelerate, responding to national and worldwide requirements for defense
and other secure communications," said Phillip W. Farmer, chairman and CEO. "The growth in these businesses is entirely organic and
builds on the vast communications technologies that represent the core strength of Harris. Harris continues to lead the
infrastructure transition to digital TV and radio, and we are encouraged by this quarter's improvement in our international
microwave business. Our team in microwave has been relentless in driving down costs and, as a result, we have now achieved a
breakeven cost structure in the microwave business. "Given the continuing outstanding performance in our government businesses and
increased expectations for microwave, we have greater confidence with a fiscal 2003 net income per share forecast of $1.30 to $1.40,
and now believe, excluding the impact of the second quarter expenses associated with microwave's cost reduction actions, earnings
could be at the high end of that range." - more - - 5 - HARRIS CORPORATION is an international communications equipment company
focused on providing product, system and service solutions for government and commercial customers. The company's five operating
divisions serve markets for government communications, tactical radio, broadcast, microwave, and network support systems. Additional
information about Harris Corporation is available at www.harris.com. NOTE: In conjunction with the quarterly earnings release, the
company will conduct a conference call on Wednesday, January 15, 2003, at 2 p.m. (ET). Interested individuals are invited to listen
to the call by using a dial-in number: (719) 457-2629, access code: 152698. The conference call will also be broadcast live via the
Internet at http://www.harris.com/conference-call. FORWARD-LOOKING STATEMENT This press release contains forward-looking statements
that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such
statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements may be identified by their use of forward-looking terminology, such as "believes,"
"expects," "may," "should," "would," "will," "intends," "plans," "estimates," "anticipates," and similar words. The Company cautions
investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends
to differ materially from those matters expressed in or implied by such forward-looking statements. Forward-looking statements in
this release include the potential value to the Company of recent program awards, earnings guidance for fiscal 2003, breakeven level
of sales for the telecom businesses and expected cost reductions and their impact. The Company's consolidated results and the
forward-looking statements could be affected by many factors, including but not limited to: uncertain economic conditions which
makes it difficult to estimate growth in the Company's markets and, as a result, future income and expenditures; the severe
telecommunications slow-down, which has and may continue to have a negative impact on the Company's telecom businesses; the ability
to meet cost reduction goals; financial and government and regulatory risks relating to international sales and operations,
including fluctuations in foreign currency exchange rates and the effectiveness of the Company's currency hedging program;
government import and export policies and other government regulations; the fair values of the Company's portfolio of passive
investments, which are subject to significant price volatility or erosion; the Company's ability to continue to develop new products
that achieve market acceptance; strategic acquisitions and the risks and uncertainties related thereto, including the ability to
manage and integrate acquired businesses; potential changes in government or customer priorities due to program reviews or revisions
to strategic objectives, including potential failure to fund government contracts; risks inherent with large long-term fixed price
contracts, particularly the ability to contain cost overruns; termination of government contracts; the performance of critical
subcontractors or suppliers; potential claims that the Company is infringing the intellectual property of third parties; the
successful resolution of patent infringement claims and litigation, and the ultimate outcome of other litigation and legal matters;
the impact of competitive products and pricing; the ability to recruit and retain qualified personnel; and general economic
conditions in the markets in which the Company operates. Further information relating to factors that may impact the Company's
results and forward-looking statements are disclosed in the Company's filings with the SEC. The forward-looking statements contained
in this release are made as of the date hereof and Harris disclaims any intention or obligation to update or revise any
forward-looking statements or to update the reasons why actual results could differ materially from those projected in the
forward-looking statements, whether as a result of new information, future events, or otherwise. Attachments: Financial Statements
(four tables) # # # Media inquiries: Tom Hausman at 321-727-9131, or Tom.Hausman@harris.com Investor relations inquiries: Pamela
Padgett at 321-727-9383, or Pamela.Padgett@harris.com For additional information, contact Harris Corporation at webmaster@harris.com
TABLE 1 HARRIS CORPORATION FY'03 SECOND QUARTER SUMMARY CONDENSED CONSOLIDATED STATEMENT OF INCOME
(c) 1995-2003 Cybernet Data Systems, Inc. All Rights Reserved
Received by Edgar Online Jan 15, 2003
CIK Code: 0000202058
Accession Number: 0000950152-03-000401
-0-
(Sec Abstracts)
Daniel Nieves
OT:Harris Corporation Revenue Climbs 16% in Second Quarter
RELATED SYMBOLS: (HRS)
MELBOURNE, Fla., Jan 15, 2003 (BUSINESS WIRE) -- Harris Corporation (NYSE:HRS)
today reported that second quarter fiscal 2003 revenue climbed 16 percent to
$523.9 million, compared to $451.5 million in the second quarter of the prior
year. Quarter highlights included accelerating growth in Harris' two government
businesses and better-than-anticipated improvement in the company's microwave
business. New orders were higher than sales.
Second quarter net income was $16.3 million or $.25 per share. Net income and
earnings per share were reduced by expenses related to the previously announced
cost reduction actions in the company's microwave business. These expenses
lowered pretax income by $8.3 million and net income per share by $.08. Absent
these cost reduction expenses, net income per share would have been $.33. The
$.33 exceeded analysts' consensus expectations of $.26 per share, which was
established on the same basis.
Government Communications Systems
Second quarter sales in the company's Government Communications Systems segment
climbed 24 percent to $272.7 million and orders were higher than sales. Sales
growth was all organic and was across all areas of the business. Operating
income increased 21 percent to $24.5 million. The outstanding financial
performance resulted from Harris' broad spectrum of recent wins, solid
government funding, and excellent execution by the management team. The
expanding backlog includes contracts with the Department of Defense, FAA, and
other government agencies. Harris is providing communication and information
products and systems for the nation's increased emphasis on defense and
security. New business during the second quarter included contracts for
classified programs, digital map systems for new aircraft, satellite GPS
systems, and technical service contracts.
RF Communications
The RF Communications segment reported record sales of $75.3 million, an
increase of 17 percent compared to the prior-year quarter. Segment operating
income was also a record, increasing 68 percent to $19.1 million. Income
improvement reflected increased sales volume and manufacturing efficiencies. The
War on Terrorism has created unparalleled demand for Harris' industry-leading
Falcon(R) II tactical radios. The division has expanded capacity to meet
continuing new demands for its product line from the U.S., NATO, and Partnership
for Peace countries around the world. Development activities at the division are
continuing on schedule for two programs that are redefining the world's tactical
radios of the future - the U.S. Joint Tactical Radio System Program and the
United Kingdom's Bowman Tactical Radio Programme.
Broadcast Communications
Broadcast Communications segment sales of $94.2 million increased 19 percent,
compared to the prior-year quarter. As anticipated, new opportunities
materialized in international markets, including China, Germany, Romania, and
the Middle East. During the second quarter, Harris won international contracts
for analog transmission, automation, and studio integration products and
services, and received a $64 million order for the radio broadcast
infrastructure of S.N. Radiocomunicatii S.A., Romania's state-owned broadcast
organization.
Digital equipment sales in the U.S. increased modestly compared to the
prior-year quarter. While there was some recovery of average selling prices for
digital transmitters compared to the first quarter of fiscal 2003,
smaller-market broadcasters continued to install the minimum amount of equipment
necessary to temporarily comply with the FCC's digital conversion mandate. These
purchases of lower-power equipment continue to seed the market in preparation
for the full digital transition and support Harris' current formidable market
position for the long term.
The business reported operating income of $6.0 million, up sharply from the
first quarter's $1.9 million operating income, but a decline of 38 percent from
last year's comparable quarter, reflecting a shift in product mix that included
a higher proportion of lower-margin analog products sold primarily in the
international market.
Microwave Communications
Sales in the Microwave Communications segment were $75.6 million, up 4 percent
compared to the prior-year quarter and increasing 35 percent compared to the
first quarter of fiscal 2003. Strength continued in North America where sales
increased as a result of capacity upgrades by cellular and PCS providers and
from Harris' solid position in the private network business. While capital
constraints still remain a concern in the international market, improvement in
Harris' international microwave business was encouraging. Eastern Europe,
Africa, and Asia all showed relative strength. The segment reported an operating
loss of $8.2 million. Included in the loss was $8.3 million of expenses related
to previously announced cost-reduction actions in the quarter. Excluding these
expenses, the microwave business was essentially breakeven during the second
quarter.
Network Support
Second quarter sales were $12.1 million in the company's Network Support
segment. The business reported an operating loss of $2.5 million. Continued
cost-cutting programs helped to minimize losses in this telecom business.
Cash Flows
The company's financial position continues to be very strong. Positive cash flow
provided by operations in the first two quarters was $63.5 million, compared to
a use of $14.7 million cash in the same period of the prior year. Cash on hand
at the end of the quarter was $379.9 million, compared to $226.2 million at the
end of fiscal 2002. During the first quarter, Harris improved its cash position
by approximately $145 million with a private placement of convertible
debentures. Also in the first quarter, Harris paid down $30 million in long-term
debt which had become due. The company's current debt-to-total-capital ratio is
26.3 percent.
First Half of Fiscal 2003
Harris sales in the first two quarters of fiscal 2003 were $974.1 million,
versus $894.9 million in the comparable period of fiscal 2002. Net income was
$36.2 million, compared to $33.5 million in the first half of fiscal 2002.
Outlook
"Performance in our two government businesses continues to accelerate,
responding to national and worldwide requirements for defense and other secure
communications," said Phillip W. Farmer, chairman and CEO. "The growth in these
businesses is entirely organic and builds on the vast communications
technologies that represent the core strength of Harris. Harris continues to
lead the infrastructure transition to digital TV and radio, and we are
encouraged by this quarter's improvement in our international microwave
business. Our team in microwave has been relentless in driving down costs and,
as a result, we have now achieved a breakeven cost structure in the microwave
business.
"Given the continuing outstanding performance in our government businesses and
increased expectations for microwave, we have greater confidence with a fiscal
2003 net income per share forecast of $1.30 to $1.40, and now believe, excluding
the impact of the second quarter expenses associated with microwave's cost
reduction actions, earnings could be at the high end of that range."
Harris Corporation is an international communications equipment company focused
on providing product, system and service solutions for government and commercial
customers. The company's five operating divisions serve markets for government
communications, tactical radio, broadcast, microwave, and network support
systems. Additional information about Harris Corporation is available at
http://www.harris.com.
NOTE: In conjunction with the quarterly earnings release, the company will
conduct a conference call on Wednesday, January 15, 2003, at 2 p.m. (ET).
Interested individuals are invited to listen to the call by using a dial-in
number: 719/457-2629, access code: 152698. The conference call will also be
broadcast live via the Internet at http://www.harris.com/conference-call.
Forward-Looking Statement
This press release contains forward-looking statements that reflect management's
current expectations, assumptions, and estimates of future performance and
economic conditions. Such statements are made in reliance upon the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements may be identified by their use
of forward-looking terminology, such as "believes," "expects," "may," "should,"
"would," "will," "intends," "plans," "estimates," "anticipates," and similar
words. The Company cautions investors that any forward-looking statements are
subject to risks and uncertainties that may cause actual results and future
trends to differ materially from those matters expressed in or implied by such
forward-looking statements. Forward-looking statements in this release include
the potential value to the Company of recent program awards, earnings guidance
for fiscal 2003, breakeven level of sales for the telecom businesses and
expected cost reductions and their impact. The Company's consolidated results
and the forward-looking statements could be affected by many factors, including
but not limited to: uncertain economic conditions which makes it difficult to
estimate growth in the Company's markets and, as a result, future income and
expenditures; the severe telecommunications slow-down, which has and may
continue to have a negative impact on the Company's telecom businesses; the
ability to meet cost reduction goals; financial and government and regulatory
risks relating to international sales and operations, including fluctuations in
foreign currency exchange rates and the effectiveness of the Company's currency
hedging program; government import and export policies and other government
regulations; the fair values of the Company's portfolio of passive investments,
which are subject to significant price volatility or erosion; the Company's
ability to continue to develop new products that achieve market acceptance;
strategic acquisitions and the risks and uncertainties related thereto,
including the ability to manage and integrate acquired businesses; potential
changes in government or customer priorities due to program reviews or revisions
to strategic objectives, including potential failure to fund government
contracts; risks inherent with large long-term fixed price contracts,
particularly the ability to contain cost overruns; termination of government
contracts; the performance of critical subcontractors or suppliers; potential
claims that the Company is infringing the intellectual property of third
parties; the successful resolution of patent infringement claims and litigation,
and the ultimate outcome of other litigation and legal matters; the impact of
competitive products and pricing; the ability to recruit and retain qualified
personnel; and general economic conditions in the markets in which the Company
operates. Further information relating to factors that may impact the Company's
results and forward-looking statements are disclosed in the Company's filings
with the SEC. The forward-looking statements contained in this release are made
as of the date hereof and Harris disclaims any intention or obligation to update
or revise any forward-looking statements or to update the reasons why actual
results could differ materially from those projected in the forward-looking
statements, whether as a result of new information, future events, or otherwise.
Table 1
HARRIS CORPORATION
FY'03 Second Quarter Summary
CONDENSED CONSOLIDATED STATEMENT OF INCOME
(in millions, except
per share amounts) Quarter Ended Two Quarters Ended
Dec. 27, Dec. 28, Dec. 27, Dec. 28,
2002 2001 2002 2001
--------- -------- --------- ---------
Revenue from product sales and
services $523.9 $451.5 $974.1 $894.9
Cost of product sales and
services (388.7) (333.8) (724.0) (664.6)
Engineering, selling and
administrative expenses (108.9) (97.5) (205.7) (197.1)
Non-operating income 3.1 7.8 19.3 25.7
Interest income 1.9 3.5 3.5 6.7
Interest expense (6.6) (6.7) (12.3) (14.9)
--------- -------- --------- ---------
Income before income taxes 24.7 24.8 54.9 50.7
Income taxes (8.4) (8.4) (18.7) (17.2)
--------- -------- --------- ---------
Net income $16.3 $16.4 $36.2 $33.5
========= ======== ========= =========
Net Income Per Common Share
Basic $.25 $.25 $.55 $.51
Diluted .25 $.25 $.55 $.51
Cash dividends paid per common
share $.08 $.05 $.16 $.10
Average basic shares
outstanding 66.2 65.9 66.2 65.8
Average diluted shares
outstanding 66.3 66.3 66.4 66.2
Table 2
HARRIS CORPORATION
FY'03 Second Quarter Summary
BUSINESS SEGMENT INFORMATION
(in millions) Quarter Ended Two Quarters Ended
Dec. 27, Dec. 28, Dec. 27, Dec. 28,
2002 2001 2002 2001
-------- -------- -------- --------
Revenue
Government Communications
Systems $272.7 $220.5 $524.7 $436.5
RF Communications 75.3 64.1 139.1 117.2
Microwave Communications 75.6 72.7 131.6 152.5
Network Support 12.1 15.9 25.3 29.3
Broadcast Communications 94.2 79.4 162.1 161.7
Corporate eliminations (6.0) (1.1) (8.7) (2.3)
-------- -------- -------- --------
$523.9 $451.5 $974.1 $894.9
======== ======== ======== ========
Income Before Income Taxes
Segment Operating Income (Loss):
Government Communications
Systems $24.5 $20.2 $48.2 $38.9
RF Communications 19.1 11.4 33.9 19.8
Microwave Communications (8.2) (6.4) (15.5) (11.8)
Network Support (2.5) (2.1) (5.2) (6.4)
Broadcast Communications 6.0 9.7 7.9 17.2
Headquarters expense (12.6) (12.6) (24.9) (24.5)
Non-operating income 3.1 7.8 19.3 25.7
Net interest (4.7) (3.2) (8.8) (8.2)
-------- -------- -------- --------
$24.7 $24.8 $54.9 $50.7
======== ======== ======== ========
Table 3
HARRIS CORPORATION
FY'03 Second Quarter Summary
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions) Two Quarters Ended
Dec. 27, Dec. 28,
2002 2001
---------- ----------
Operating Activities
Net income $36.2 $33.5
Adjustments to reconcile net income to net cash
provided by (used in) operating activities:
Depreciation and amortization 26.2 26.4
Non-current deferred income tax 3.4 12.8
Gain on the sale of securities available for
sale (9.4) (30.8)
Gain on the sale of LiveTV, LLC (18.8) -
Gain on the sale of GE Harris Energy Control
Systems, LLC - (10.3)
(Increase) decrease in:
Accounts and notes receivable 9.2 (0.8)
Unbilled costs and inventories (7.3) 13.1
Increase (decrease) in:
Accounts payable and accrued expenses (2.4) (70.2)
Advance payments and unearned income 24.4 8.3
Income taxes 0.8 (31.9)
Other 1.2 35.2
---------- ----------
Net cash provided by (used in) operating
activities 63.5 (14.7)
---------- ----------
Investing Activities
Cash paid for acquired businesses - (8.6)
Additions of plant and equipment (29.6) (19.4)
Cash paid for strategic investments (2.3) (2.2)
Proceeds from the sale of securities available
for sale 12.4 37.5
Proceeds from the sale of LiveTV, LLC 19.0 -
Proceeds from the sale of GE Harris Energy
Control Systems, LLC - 23.0
---------- ----------
Net cash provided by (used in) investing
activities (0.5) 30.3
---------- ----------
Financing Activities
Increase (decrease) in debt, net 102.0 (32.5)
Proceeds from sale of Common Stock 0.9 4.0
Purchase of Common Stock for treasury (2.4) -
Cash dividends (10.6) (6.6)
---------- ----------
Net cash provided by (used in) financing
activities 89.9 (35.1)
---------- ----------
Effect of exchange rate changes on cash and cash
equivalents 0.8 0.9
---------- ----------
Net increase (decrease) in cash and cash
equivalents 153.7 (18.6)
Cash and cash equivalents at beginning of year 226.2 103.0
---------- ----------
Cash and cash equivalents at end of quarter $379.9 $84.4
========== ==========
Table 4
HARRIS CORPORATION
FY'03 Second Quarter Summary
CONDENSED CONSOLIDATED BALANCE SHEET
(in millions)
Dec. 27, June 28,
2002 2002
--------- ---------
Assets
Cash and cash equivalents $379.9 $226.2
Marketable securities 30.5 52.2
Receivables 372.7 380.3
Unbilled costs and accrued earnings 189.7 178.6
Inventories 229.4 233.2
Current deferred income taxes 98.7 82.3
Income taxes receivable - 0.7
Plant and equipment 274.6 270.6
Goodwill 222.6 215.2
Non-current notes receivable 29.3 30.9
Non-current deferred income taxes 22.6 26.0
Other assets 158.6 162.3
--------- ---------
$2,008.6 $1,858.5
========= =========
Liabilities and Shareholders' Equity
Short-term debt $13.7 $25.9
Accounts payable and accrued expenses 315.1 317.6
Advance payments and unearned income 106.5 82.1
Income taxes payable 8.6 -
Long-term debt 401.9 283.0
Shareholders' equity 1,162.8 1,149.9
--------- ---------
$2,008.6 $1,858.5
========= =========
CONTACT: Harris Corporation, Melbourne
Media: Tom Hausman, 321/727-9131
Tom.Hausman@harris.com
or
Investor Relations: Pamela Padgett, 321/727-9383
Pamela.Padgett@harris.com
or
For additional information,
contact Harris Corporation at webmaster@harris.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: FLORIDA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
HARDWARE
GOVERNMENT
COMPUTERS/ELECTRONICS
AEROSPACE/DEFENSE
EARNINGS
SOURCE:
Harris
Corporation
(Wall Street)
Daniel Nieves
Daniel Nieves
Daniel Nieves
Daniel Nieves
{chart}C:\My Documents\My Pictures\anguilla1.jpg{/chart}
Daniel Nieves
NEC 3G Handset Bluetooth-Enabled By CSR
RELATED SYMBOLS: (NIPNY)
RICHARDSON, Texas, Jan 15, 2003 (BUSINESS WIRE) -- CSR (Cambridge Silicon
Radio), the world's leading provider of single-chip radio devices, today
announced that NEC's e606 3G videophone handsets are to be Bluetooth-enabled by
CSR's BlueCore single chip Bluetooth IC.
The NEC e606 handsets are for Hutchison's 3G networks, which is being rolled out
worldwide under the company's '3' brand, providing a range of 3G services.
Bluetooth technology increases handset connectivity options to other devices
such as headsets, cameras, printers, PDAs and PCs.
The choice of CSR's BlueCore as the Bluetooth solution by NEC for the e606
videophone handsets is a firm endorsement of both CSR's technology and ability
to deliver in high volumes. It highlights how BlueCore can be easily integrated
into handset designs, which is set to be a key driver in the mass uptake of
Bluetooth. The launch of 3G networks around the world is a significant step in
the development of mobile communications and, given the requirement for
Bluetooth enabled handsets, provides further impetus to the adoption of
Bluetooth.
The NEC e606 3G handsets will be dual-mode allowing the user to benefit from
both advanced 3G services and the existing omnipresent 2G networks.
Incorporating many new customer-focused features and technologies, including
Bluetooth wireless connectivity, these handsets are designed to allow users to
experience 3G to the full.
Hutchison has taken delivery of the first handsets from NEC for its 'friendly
user' trials in the UK and Italy.
Eric Janson, worldwide vice president, marketing, CSR commented, "We are
delighted to be selected as the supplier of Bluetooth silicon for these NEC 3G
handsets," adding, "NEC's leading role in Hutchison's European 3G implementation
gives CSR a fantastic first mover advantage in this exciting wave of
technology."
3G networks will be able to deliver high quality, media-rich content including
audio and video, to a mobile handset. 3G will also allow you to see and hear
video clips, and send and receive multimedia content and information many times
faster than is possible over today's current networks. For example, instead of
just seeing the final score of a football game, complete video clips with
highlights and commentary could be sent directly to subscribers' handsets. Users
will also have access to a powerful online personal organizer and convenient
electronic wallet.
To support such advanced services, 3G handsets themselves need to be
feature-rich. Computer-style keyboards, built-in cameras and significantly
larger color screens are some of the main physical improvements of the 3G
handsets.
Image available at: www.nec.co.uk/DesignA.asp
About CSR
CSR (Cambridge Silicon Radio) specializes in providing single-chip radio devices
to the global market for short-range wireless communications, including
Bluetooth(TM). The company's mission is to create the most highly integrated
radio devices available, fabricated using standard CMOS technology, to provide
its customers with the lowest cost of ownership of high quality digital radio.
CSR was the first company in the world to offer a true single-chip Bluetooth
solution with BlueCore, a fully integrated 2.4 GHz radio, baseband and
microcontroller. In Q4 2001 CSR released BlueCore2, its second generation
family, and offer developed hardware/software bundles for each of the fastest
growing Bluetooth applications markets. Users can combine the chips with the CSR
Bluetooth software stack to provide a fully compliant solution for data and
voice communications or, used with an upper layer host software stack, CSR is
able to offer a complete Bluetooth end-to-end solution.
CSR has a growing list of major international companies including Microsoft
Corp, Samsung, Sony, Compaq, IBM, Fujitsu, LG, ALPS, TDK, 3Com, Mitsumi, Siemens
and Motorola, who have already used CSR's BlueCore in the development of a range
of Bluetooth products. In fact, 70% of available pre-qualified modules, as
listed on the qualified products page of the Bluetooth Special Interest Group
(SIG) web site, feature BlueCore and it is in 57% of all qualified Bluetooth v
1.1 enabled end product designs.
CSR is headquartered in Cambridge, UK, with offices in Richardson, Texas; Tokyo,
Japan; Singapore and Aalborg, Denmark.
More information about CSR can be found on the web site at www.csr.com
About NEC Corporation
NEC Corporation (Nasdaq:NIPNY) (FTSE:6701q.1) is one of the world's leading
providers of Internet, broadband network and enterprise business solutions
dedicated to meeting the specialized needs of its diverse and global base of
customers. Ranked as one of the world's top patent-producing companies, NEC
delivers integrated solutions in the key fields of computer and networking
through its market-focused, in-house companies: NEC Solutions and NEC Networks.
NEC Corporation and its subsidiaries employ more than 140,000 people worldwide
and had net sales of approximately $39 billion in the fiscal year ended March
2002. For additional information, please visit the NEC home page at:
www.nec.com.
CONTACT: imagio-J. Walter Thompson
Adam Ian Ganz, 206.625.0252
adamg@imagio.com
or
Cambridge Silicon Radio
Alan Woolhouse, 44(1223)692689
aw@cambridgesiliconradio.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: TEXAS UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TELECOMMUNICATIONS
SOFTWARE
NETWORKING
HARDWARE
SOURCE:
Cambridge
Silicon
Radio
(Wall Street)
Daniel Nieves
Nokia delivers GSM network expansion to Beijing Mobile Communications
RELATED SYMBOLS: (NOK)
Jan 15, 2003 (TELECOMWORLDWIRE via COMTEX) -- Finnish telecomms solutions
provider Nokia said today (15 January) that it had signed a contract with the
Chinese telecomms operator Beijing Mobile Communications Company Limited (BMCC)
for the expansion of the company's GSM network in China.
Under the contract Nokia would supply the GSM expansion, GPRS core network and
radio-access infrastructure and provide technical-support services for the
management of the BMCC network.
Nokia said that the deliveries would enhance the capacity and features of the
short message service centres and increase the network's capacity to handle text
messaging and GPRS services and GSM voice traffic.
The value of the order was said to be over USD70m.
(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
-0-
(Wall Street)
Daniel Nieves
Dynamic Telecommunications Announces Introduction of its Dual Band WCDMA
GERMANTOWN, Md., Jan 15, 2003 /PRNewswire via COMTEX/ -- Dynamic
Telecommunications, Inc. (DTI), a leading provider of high-speed, multi-standard
wireless test and measurement solutions, has announced the introduction of a
dual band version of its WCDMA Scanning Receiver for use in the United States.
This precise, DSP-based scanning receiver provides service-critical measurement
of third generation (3G) wireless WCDMA networks in the 850/1900 bands.
"When wireless phones first came on the market no one imagined how they would
evolve," said Paul Kline, chief executive officer of DTI. "Today you can surf
the web, download music, take and send photos, and send emails from your
wireless phone. These applications have required the wireless networks to have
more rigorous quality and optimization standards. That is why we are bullish on
WCDMA technology and why we are introducing an 850/1900 MHz version of our
scanning receiver for service providers in the United States. More sophisticated
services require more sophisticated test and measurement tools."
The dual band WCDMA Scanning Receiver is keeping pace with evolving wireless 3G
needs, with increased scanning rates and wider bandwidth measurements. Other
product features include a signal acquisition time as fast as 60 milliseconds;
spectrum analyzer; enhanced frequency agility; and greater signal sensitivity.
The product also features rake receiver capability, which ascertains precisely
where a mobile phone will have reception problems. These features of the new
WCDMA Scanning Receiver enable wireless service providers to ensure the most
robust and reliable service offerings.
"Our 850/1900 MHz scanning radio receiver adds a new dimension to our product
mix," said Kline. "The product has been successfully tested in the field by a
major wireless test tool manufacturers and is available for immediate shipment.
We see this product as a strategic component in our future OEM growth strategy."
The 850/1900 MHz WCDMA Scanning Receiver, which is available now, is sold
through OEMs to cellular and PCS service providers worldwide. The list price for
a single unit is less than $18,000 depending upon volume. For more information
on product pricing and ordering call (301) 515-0036 or email to
Sales@Dynatele.com. Product details can be found on DTI's website at
http://www.DynamicTelecommunications.com/oem%20wcdma.htm.
About Dynamic Telecommunications, Inc.
Dynamic Telecommunications (http://www.DynamicTelecommunications.com) was
founded in 1995, and has rapidly grown to become a leading supplier of high-
speed, multi-standard wireless test and measurement solutions. The DTI
SeeGull(TM) family of wireless receivers are sold globally and are designed to
work with all of the world's leading wireless protocols. Customer applications
for DTI's products include drive test systems, site survey, base station
monitoring, and radio propagation measurement for cellular, PCS, and other
wireless networks. DTI also offers products geared toward the needs of
government agencies for Intelligence, Military and Home Land Security
applications. DTI is a privately held company with headquarters near Washington,
DC.
SOURCE Dynamic Telecommunications, Inc.
CONTACT: Ellie Short of Demaree Public Relations, +1-240-686-1000,
eshort@demaree-pr.com, for Dynamic Telecommunications, Inc.; or Farnaz Ghadaki
of Dynamic Telecommunications, Inc., +1-301-515-0036 ext.146,
fghadaki@dynatele.com
URL: http://www.DynamicTelecommunications.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Maryland
INDUSTRY KEYWORD: TLS
SUBJECT CODE: PDT
(Wall Street)
Daniel Nieves
Lucent Technologies to Arm Mobile Operators with Modeling Tools that Show
RELATED SYMBOLS: (LU)
MURRAY HILL, N.J., Jan 15, 2003 /PRNewswire via COMTEX/ -- Lucent Technologies
today introduced Bell Labs-developed business-modeling tools that help
enterprises quantify and characterize the benefits of secure, third-generation
(3G) mobile high-speed data services for their businesses. Lucent's wireless
customers can license the tools to enhance their sales efforts to provide
enterprises with 3G high-speed data services.
Using the analysis programs, mobile operators can show enterprise
decision-makers the economic benefits and process efficiencies that may be
gained from equipping their field sales and service teams with wireless high-
speed data access to corporate applications such as Intranet, sales automation
and customer relationship management (CRM) applications. The tools can be used
across various industry segments including financial services, pharmaceuticals,
insurance, manufacturing, and repair services.
"We are helping mobile operators deliver the benefits of 3G mobile high-speed
data to the enterprise marketplace, and educating these customers about the
benefits of the technology is a key component of this endeavor," said John
Marinho, vice president of offer management in Lucent's Mobility Solutions
Group. "The development of these tools, our in-depth case studies conducted with
enterprises and our enterprise application testing labs provide us with a wealth
of expertise and resources that we can share with mobile operators."
For example, through Lucent's in-depth case studies, it was found that
pharmaceutical sales representatives would benefit greatly from high-speed
mobile data access because in between sales appointments and during down time
they can remotely perform the task of "detailing" -- researching and positioning
the medications that would most likely benefit a specific doctor during a
scheduled sales visit. In addition, a high-speed mobile data service could
enable these reps to access information quickly on a product in which the doctor
is interested but which they have not prepared to show in advance. This is
extremely valuable because sales reps typically only have a few minutes to meet
with a doctor, and the ability to access this information quickly can result in
increased sales. These benefits can be further quantified in terms of cost
savings and potential increased revenues when using the modeling tool.
The tools are part of Lucent's "Customer's Customer" program, established to
help mobile operators with overall business and marketing support when selling
3G high-speed mobile data services to their enterprise customers. As part of
this initiative, Lucent also has worked with service providers to conduct
seminars for enterprise decision-markers about 3G mobile high-speed data.
Lucent also recently introduced its Secure Mobile Data Solutions for Enterprises
(SMDSe) portfolio of end-to-end solutions, which make it simpler for mobile
operators to provide enterprise customers with secure and easy-to-use high-speed
wireless data access from any location. Lucent is working with several
industry-leading companies such as Agere Systems, HP, iPass, ipUnplugged, Option
and Sierra Wireless to deliver SMDSe solutions. Lucent's Mobility Solutions
Group is a leading global provider of mobile networking technologies, having
deployed more than 70,000 spread-spectrum base stations for mobile operators
worldwide.
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and
delivers networks for the world's largest communications service providers.
Backed by Bell Labs research and development, Lucent relies on its strengths in
mobility, optical, data and voice networking technologies as well as software
and services to develop next-generation networks. The company's systems,
services and software are designed to help customers quickly deploy and better
manage their networks and create new, revenue-generating services that help
businesses and consumers. For more information on Lucent Technologies, visit its
Web site at http://www.lucent.com.
SOURCE Lucent Technologies
CONTACT: Ichiro Kawasaki, +1-973-386-3479, or kawasaki@lucent.com, or
Kurt Steinert, +1-973-386-8438, ksteinert@lucent.com, both of Lucent
Technologies
URL: http://www.lucent.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: New Jersey
INDUSTRY KEYWORD: CPR
NET
SUBJECT CODE: PDT
(Wall Street)
Daniel Nieves
From Yahoo:The situation is crystal clear to me:
by: laranger_2 (73/M/Milford, MI) 01/15/03 07:33 am
Msg: 137496 of 137511
Here's how I think the case will turn out:
1. Ericy might settle today.
2. If it doesn't, it might settle before the 28th.
3. If it doesn't, it might settle after the pre-trial on the 28th, but before February 10.
4. If it doesn't, it might settle on the courthouse steps, or just before reaching the water fountain.
5. If it doesn't, it might settle in the middle of the trial, after the courtroom is totally consumed in smoke from multitudes of Ericy memos.
6. If the decision goes against them, it might settle when the case goes to the jury.
7. If it doesn't, it might settle if the jury finds for IDCC, but before Judge Lynn confirms the jury verdict.
8. If it loses, Ericy might, or might not appeal.
9. If it wins, Ericy will self destruct, being unable to pay $1 billion in legal fees.
Damn. I can't think of a 10th possibility at the moment, but I'm sure one of you turkeys will chime in.
Surely, the situtation couldn't be more clear.
Daniel Nieves
16.53
Daniel Nieves
OT OT:Microsoft to Give Govt. Access to Code
RELATED SYMBOLS: (MSFT)
SEATTLE, Jan 15, 2003 (AP Online via COMTEX) -- The source code Microsoft Corp.
has long guarded as secret intellectual property is now becoming the carrot
dangled before governments to keep them from defecting to competitors' software.
Microsoft on Tuesday announced a new program to make the underlying code for its
Windows operating system available to several governments and governmental
agencies for viewing.
The software company has already signed agreements with the Russian government
and NATO to allow them to review for free the underlying programming
instructions that Microsoft has long guarded as secret intellectual property.
The decision will let governments evaluate for themselves the security of the
Windows platform, Microsoft said. It also will give them the technical data they
need to develop their own secure applications to work atop Windows.
The announcement comes as government agencies in Japan, France, Germany, China
and the United States are looking into or adopting competitors' software,
including open-source Linux-based systems. Unlike Microsoft's proprietary
software, the underlying code for open-source code software can be downloaded
free, improved and redistributed.
"It's a brilliant maneuver," said Michael Gartenberg, research director for
Jupiter Research. "It gives them a huge (public relations) win, gives them a
response back to the open-source folks and also provides the impetus that many
of the government organizations have been looking for to continue doing business
with them."
The "Government Security Program" is similar to Microsoft's "shared-source"
program, introduced in 2001, in which it makes some of its source code available
on a limited basis to clients and technology partners.
Microsoft has a list of more than 60 countries and organizations with which it
would consider signing agreements, including China, France and the United
States, said Salah Dandan, the program's worldwide manager. The Redmond,
Wash.-based company said it is confident governments will respect Microsoft's
intellectual property and isn't worried about piracy or other infringements, he
said.
"The basic business decision that we decided to make here is that Microsoft is
willing to trust governments and willing to partner closely with them," Dandan
said. "We are fully aware of the risks, but cognizant that this program will
help strengthen relationships with governments around the world."
The program covers Windows 2000, Windows XP, Windows CE and Windows Server 2003,
due for release in April.
---
On the Net:
By HELEN JUNG
AP Business Writer
Copyright 2003 Associated Press, All rights reserved
-0-
APO Priority=u
APO Category=1700
(PROFILE
(CO:Microsoft Corp; TS:MSFT; IG:SOF;)
)
KEYWORD: SEATTLE
SUBJECT CODE: 1700
http://www.microsoft.com
(Wall Street)
Daniel Nieves
MSN Mobile Launches 'MagicTXT' Visual Wireless Messaging Service Based on
LONDON, Jan 15, 2003 /PRNewswire via COMTEX/ -- MSN Mobile has launched a
brand-new visual messaging service called "MagicTXT" which automatically
"thinks" of an appropriate graphic for any SMS message, based on technology
provided by FunMail Inc. of California and conVISUAL of Germany. The MagicTXT
service has been launched through MSN Mobile to subscribers of Orange UK,
Vodafone UK, O2 and T-Mobile UK on the shortcode 86010, reaching over 49 million
wireless users.
"We think FunMail is a great application that will be of high interest to MSN
Mobile and wireless subscribers in the UK," said James Leaver, Business
Development Manager, MSN UK. "We are pleased to be working with FunMail and
conVISUAL to bring this service to our users."
MagicTXT enables users to type in any text message, which is automatically
converted to compelling relevant images starring characters such as Garfield and
South Park. The image is then combined with the user's original message and sent
to a recipient. For example, if a user types in "Let's go out for lunch" an
image related to food or lunch would be selected, automatically combined with
the original text, and passed to a recipient.
"We are delighted to be working with MSN Mobile and conVISUAL to launch this new
MagicTXT service in the UK," said FunMail CEO Adam Lavine. "The UK market holds
huge potential for FunMail's peer-to-peer visual messaging technology, and MSN
Mobile is a great partner for us to work with to unlock this potential."
"MagicTXT enhances mobile communication with emotions and fun," added conVISUAL
CEO Thomas Wolf. "With FunMail and MSN we joined a fantastic partnership that
offers the MSN UK user base a new and unique quality of messaging."
MSN, the UK's most visited web destination,(1) will market the service to MSN
Hotmail subscribers, as well as through their portal site at
www.msn.co.uk/msnmobile/magictxt
(1) Nielsen At Home and At Work, September 2002
How to Use MagicTXT:
Type in your friend's telephone # and a message ("07712345678 THINKING OF U")
and send to 86010 (works on all UK networks). To send to yourself, leave off the
telephone number. For more information Txt "HELP" to 86010 or visit
www.msn.co.uk/msnmobile/magictxt
About FunMail:
FunMail Inc. provides carrier-grade content-driven visual messaging solutions
for wireless operators worldwide. Founded in 1999 and headquartered in
Pleasanton, California, FunMail's unique patent-pending technology integrates
with existing SMS and MMS messaging networks to upgrade their capabilities to
include visual messaging. For more information visit www.funmail.com
About MSN.co.uk:
MSN attracts more than 250 million unique users worldwide and 11.2 million
visitors per month in the UK. Available in 34 markets and 18 languages, MSN is a
world leader in delivering Web services to consumers and digital marketing
solutions to businesses worldwide. The most useful and innovative online service
today, MSN brings consumers everything they need from the Web to make the most
of their time online.
Best of breed services available on msn.co.uk include MSN Hotmail, the UK's most
popular free web-based e-mail service with 7.4 million users in the UK and over
110 million users worldwide (MSN Internal data); MSN Messenger Service, the UK's
number one instant messaging service on the internet with 4.5 million monthly
users (MSN Internal data 2002) and MSN Search, the UK's number one search engine
with 10 million users per month (MSN internal data). MSN is located on the Web
at www.msn.co.uk
About conVISUAL:
conVISUAL is the first WASP focusing on Visual and Multimedia Messaging Services
for today's and tomorrow's mobile networks. With its messaging- platform
"Multimedia Message Broker" conVISUAL realizes messaging services in a full
service approach -- from the initial concept and development to operation and
further development of services. With profitable value added services conVISUAL
allows its customers to enable all mobile users to benefit from mobile
multimedia feelings within GSM, GPRS and UMTS networks. Please visit
www.convisual.com
Garfield (C) PAWS
South Park (C) Comedy Central
All rights reserved.
SOURCE FunMail Inc.
CONTACT: Aiko Nomura of FunMail, +1-925-455-1200, or press@funmail.com;
or Sandra Wiewiorra of conVISUAL, +49-208-8596-807, or press@convisual.com
URL: http://www.msn.co.uk/msnmobile/magictxt
http://www.convisual.com
http://www.funmail.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: England
California
Germany
INDUSTRY KEYWORD: CPR
MLM
TLS
(Wall Street)
Daniel Nieves
Clearwire Makes Jacksonville A Broadband Test Case With this month's
RELATED SYMBOLS: (BLS)
Jan 14, 2003 (Broadband Business Report/PBI Media via COMTEX) -- based
Clearwire Technologies, all eyes are on Jacksonville, Fla. With the Clearwire
launch, Jacksonville becomes home to the largest commercial wireless broadband
network of its kind. Using Instructional Fixed Television Service (IFTS)
spectrum leased from non-profit agencies and Universal Mobile
Telecommunications, Time Division Duplex (UMTS-TDD) equipment from IPWireless
Inc., Clearwire is looking for a market that can prove its business case, and
it's specifically looking to take on DSL and cable modem service head to head.
Indeed, Clearwire execs seem almost breezily unconcerned with the competitive
threat from cable and DSL. Clearwire's service uses a portable broadband modem
that plugs directly into a computer or router. It can be carried along with a
laptop and set up anywhere, making the service portable. In addition, the
cellular structure of the 3G network can reach customers who can't get DSL or
cable service. According to Senior VP of Marketing, Jeff Mucci, the company
plugged 500 area businesses into BellSouth's [BLS] DSL pre-qualification tool
and estimated that 50 percent of Jacksonville businesses can't get DSL. The
company also estimates that 20 percent of residential customers have no
broadband access at all. In fact, while other carriers deploying IPWireless
equipment have proven that it's possible to undercut existing broadband on
price, Clearwire's prices show that they're not doing that. Instead Clearwire
thinks it can compete with cable and DSL on availability and features like
portability.
So why Jacksonville? According to Mucci, it was the best market to prove
Clearwire's business model. That model involves spectrum from the non-profit
Hispanic Instructional Television Network (HITN). An equity deal with HITN made
Clearwire one of the big three holders of 2.5 Ghz spectrum alongside Sprint
[FON] and WorldCom [WCOM] who got theirs from bankrupt wireless cable companies.
The company emphasizes second and third tier markets, and focuses on business
customers with residential service more of an added revenue opportunity. Mucci
says Jacksonville beat out other markets on the shortlist because the density of
its business district let them reach a bigger chunk of their target customers
with less investment (the network is launching with only four cell sites, though
another four to five are planned), and because its robust broadband market
offered the best chance to "demonstrate our ability to compete with DSL and
cable." Despite an eagerness to take on the phone and cable giants, Clearwire
isn't itching for a fight with Sprint and WorldCom, explaining the focus on
second and third tier markets. But mainly, Jacksonville was chosen for its
potential to impress investors and help fund future buildout. Mucci says he
expects Clearwire to be able to start tapping capital markets by the middle of
this year, and to begin expanding into other markets by the end of the year.
IPWireless is also hoping Jacksonville will become a building block. The company
has smaller customers up and running in Maui and in Missoula, Montana, and a new
deal with Walker Wireless that will cover all of New Zealand.
But Senior Director of Marketing Jon Hambidge knows it will take a large scale
success to bag the major cellular operators that are its most-wanted customers.
According to Hambidge, the technology was designed to their demands after seeing
the problems of first generation fixed wireless. "Plug and play, able to go
through walls, cheap modems, the business case has to work, and ideally we'd
like it to have some portability," he explains.
But despite trials and interest overseas from major wireless operators, nobody's
been willing to take the plunge so far. "I think everyone in the industry is
anxiously watching what Clearwire's doing," Hambidge says. And obviously,
Clearwire isn't the only company with something to prove in Jacksonville.
>>Jeff Mucci, Clearwire, 469/737-7405; Jon Hambidge, IPWireless, 650/616- 4062<<
Clearwire's Plans and Pricing*
Plan (users) Speed (up/down) Cost
Residential (1) 64k/ 512k $49.00
SOHO (1-3) 128k/768k $79.00
Basic Business (3-5) 256k/1M $149.00
Business Premium (up to 10) 512k/1.5 M $199.00
Business Deluxe (up to 25) 768k/1.5M $239.00
* based on 1-year agreement
Source: Clearwire
[Copyright 2003 PBI Media, LLC. All rights reserved.]
Broadband Business Report, Vol. 13, No. 1 [Copyright 2003 PBI Media, LLC. All
rights reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
-0-
(Wall Street)
Daniel Nieves
Ericsson Canada Renews Supply Agreement with Rogers AT&T Wireless for 3
RELATED SYMBOLS: (AWE)(ERICY)
TORONTO, Jan 15, 2003 (BUSINESS WIRE) -- Ericsson Canada Inc. (NASDAQ: ERICY)
and Rogers AT&T Wireless, Canada's leading wireless provider, have renewed their
agreement under which Ericsson will supply network equipment for Rogers AT&T
Wireless's roll out of superior wireless voice and data services coast-to-coast.
The new agreement is an extension of the two companies' existing supply
agreement - continuing Ericsson as Rogers AT&T Wireless' exclusive supplier of
wireless mobile network core and radio access gear for an additional three
years.
Building on its commitment to provide high quality services to its customers,
Rogers AT&T Wireless has signed a contract with Ericsson Canada to continue to
supply the leading-edge GSM and TDMA network infrastructure that enables Rogers
AT&T Wireless to provide its customers with superior coverage and services.
"This agreement confirms Ericsson's leadership in wireless equipment provision
as well as our ongoing strategic agreement with Rogers AT&T Wireless," said Phil
Wacker, GM, Rogers AT&T Wireless Account Group, Ericsson Canada Inc. The
agreement also includes the sale of several key products and services that had
not previously been purchased by Rogers AT&T Wireless including MINI-LINK(TM)
(Ericsson's market leading microwave product), GSM 850MHz, EDGE and additional
Professional Services.
The deal includes the rollout of a nationwide 850MHz GSM/GPRS capability that
will provide Rogers AT&T Wireless customers across Canada with the capacity,
coverage and data rates they expect from Canada's leading wireless provider.
Ericsson's global service and technical expertise will ensure rapid and
effective network deployment.
"Ericsson has consistently delivered high-quality, innovative network equipment
for Rogers AT&T Wireless and our customers across the country," said Bob Berner,
Executive Vice President and Chief Technology Officer of Rogers AT&T Wireless.
"This extension of our existing agreement with Ericsson will enable Rogers AT&T
Wireless to maintain our technology leadership and superior network quality and
will ensure that we remain best-positioned to provide our customers with
leading-edge products and services in the future."
"We are extremely pleased to extend our long-standing relationship with Rogers
AT&T Wireless," said Rolfe Philip, VP & GM, Rogers Account Group, Ericsson
Canada Inc. "Together, our two companies deployed North America's first
commercial digital wireless network and, more recently, delivered the world's
fastest and largest deployment of an integrated GSM/GPRS network. This agreement
will enable Rogers AT&T Wireless to maintain its position as the premier
wireless operator in Canada."
About Ericsson Canada Inc.
Ericsson Canada Inc., a subsidiary of LM Ericsson, Sweden, serves the Canadian
market by providing complete communication solutions including advanced Mobile
Internet and Wireless Solutions, IP and Data Systems & Solutions, and Consulting
Services. As one of Canada's largest R&D investors, Ericsson fulfills worldwide
mandates in the development and testing of systems for multiple wireless
standards, including technology for third generation (3G) telecommunications
solutions. For more information about Ericsson Canada, visit www.ericsson.ca.
Ericsson is shaping the future of Mobile and Broadband Internet communications
through its continuous technology leadership. Providing innovative solutions in
more than 140 countries, Ericsson is helping to create the most powerful
communication companies in the world. Read more at http://www.ericsson.com/press
Ericsson and MINI-LINK are trademarks of Telefonaltiebolaget LM Ericsson,
Ericsson Canada Inc. is a licensed user.
About Rogers AT&T Wireless
Rogers Wireless Inc. operates under the co-brand Rogers AT&T Wireless and has
offices in Canadian cities from coast to coast. Rogers AT&T Wireless is Canada's
leading wireless communications service provider, offering a complete range of
wireless solutions including Digital PCS, cellular, advanced wireless data
services, and one and two-way messaging services to a total of more than 3.5
million customers across the country. Rogers Wireless Communications Inc. (TSE:
RCM.B; NYSE: RCN) is approximately 56% owned by Rogers Communications Inc., and
approximately one-third owned by AT&T Wireless Services, Inc.
(TM) Rogers Communications Inc. Used under License.
(R) AT&T Corp. Used under License.
CONTACT: Media:
Ericsson Inc.
Kathy Egan, 212/685-4030
pressrelations@ericsson.com
or
Ericsson Canada Inc.
Patricia MacLean, 905/206-7928
Mobile: 416/414-7755
patricia.maclean@ericsson.ca
or
Rogers AT&T Wireless
Heather Armstrong, 416/935-6379
Mobile: 416/567-0825
harmstro@rci.rogers.com
or
Investors:
Ericsson Inc.
Glenn Sapadin, 212/685-4030
investor.relations@ericsson.com
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: CANADA INTERNATIONAL
INDUSTRY KEYWORD: TELECOMMUNICATIONS
MARKETING
AGREEMENTS
SOURCE:
Ericsson
Inc.
(Wall Street)
Daniel Nieves
SIEMENS: Siemens and O2 announce plan to deliver complete mobile
RELATED SYMBOLS: (SI)
Jan 15, 2003 (M2 PRESSWIRE via COMTEX) -- Siemens and O2 today announce the
formation of a dynamic new agreement which will deliver end to end mobility
solutions to UK enterprises.
The Siemens and O2 business-to-employee mobile offerings are focused around
improving the efficiency of organisations and their employees whilst cutting
costs, driving revenues and improving their competitive edge. The new
partnership will deliver end to end mobility solutions and will jointly support
organisations through their entire mobile project from technology choice,
business consultancy, application development, systems integration and airtime
solutions.
Jonathan Richards Evans, Market Strategist at Siemens Communications said:
"Before taking this new partnership offering out to the marketplace we worked
together to successfully implement a mobile field service application to several
hundred field engineers in our own organisation. The implementation is now
delivering GBP1 million cost savings through efficiency gains and a reduction in
the duplication of administrative tasks and phone calls."
He continued "In this trial project Siemens designed and developed the mobile
application and O2 delivered the GPRS airtime and network management. This is a
formula which will be easily applied to deliver similar, real business benefits
to our customers."
Nick Whiteway, Manager Business Partners O2 UK Ltd said: "Siemens Communications
is an obvious business partner for us. Its expertise in the consultancy, design
and management of enterprise mobile solutions complements our own wireless
network and airtime provision. We believe Siemens and O2 can provide innovative,
business critical mobile solutions to the corporate sector which will meet and
exceed return on investment goals."
Through its Advanced Customer Solutions (ACS) Siemens Communications offers one
of the most comprehensive portfolios of Contact Centre, CRM and Mobile Business
services available in the UK. Its solutions comprise state-of-the-art and
award-winning technologies in combination with a comprehensive suite of
professional services. Solutions are tailored to meet the needs of both public
and private sector organisations and are delivered in conjunction with technical
design, implementation, training and lifelong support.
Notes to editors
About O2
* The business operations of mmO2 plc are branded O2.
* O2 (UK) Ltd has nearly 11.5 million customers (end Oct 2002), of which 33% are
contract and the remainder pre-pay. The proportion of service revenues generated
by data usage in the last quarter is 15.3%. The number of SMS messages handled
by O2 UK over the year was 4.4 billion.
* O2 UK's GSM network, including GPRS capability, covers over 99% of the
population and approximately 90% of the UK by land area, and comprises over
9,000 base stations.
* O2 UK was the first mobile network in the world to have launched and
rolled-out commercial GPRS services. Work is underway to develop its future 3G
network capability, including a special agreement with T-Mobile for constructive
infrastructure sharing for the roll-out of 3G coverage.
* The company has nearly 220 O2 retail stores located across the UK, plus a 40%
shareholding in The Link Stores Limited.
* International roaming agreements with 325 networks allow our customers to
receive and make calls in 140 countries. Additionally, O2 customers are now able
to roam with GPRS in 21 countries.
* O2 UK became the first UK mobile operator to achieve registration to BSEN: ISO
14001, the international environmental standard. The main theme of the standard
is continual environmental improvement and endorses our commitment to the
positive protection of the environment.
Siemens Communications - a division of Siemens plc, is one of the UK's leading
communications suppliers, offering a full choice of technology and service
solutions from simple telephony through to full network outsourcing,
incorporating the Customer Relationship Management and e-business environments.
The company operates centres of competence for research, development and support
throughout the UK and in a number of international markets. It has a turnover in
excess of GBP300 million and is part of Siemens Information and Communication
Networks, the global leader in business communications. It is also the winner of
the 2002 UK Business Excellence Award.
Visit the company's website at www.siemenscomms.co.uk
CONTACT: Claudia Hitner, Siemens Communications Tel: +44 (0)1908 855 751 e-mail:
claudia.hitner@siemenscomms.co.uk Brian Dolby/Kat Ager, GBCS PR Tel: +44 (0)115
950 8399 e-mail: brian@gbcspr.com e-mail: kat@gbcspr.com
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
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(Wall Street)
Daniel Nieves
NORTEL NETWORKS: Nortel Networks selected by Asia Pacific Broadband
RELATED SYMBOLS: (NT)
Taipei, Taiwan, Jan 15, 2003 (M2 PRESSWIRE via COMTEX) -- Nortel Networks
[NYSE/TSX: NT] has been selected by Asia Pacific Broadband Wireless (APBW), a
new third-generation (3G) operator, to build what is expected to be Taiwan's
first CDMA2000 1X and 1xEV-DO digital wireless voice and data network, using
Nortel Networks Univity* Wireless Data Network solutions.
Nortel Networks is the major infrastructure supplier for APBW's 3G CDMA network,
providing the entire radio, access and core packet network, which will enable
higher capacity and throughput. Deployment of a complete 3G radio access and
core packet network for APBW is already in progress.
"Our objective is to firmly establish APBW as a mobile, high-speed data leader
in Taiwan's 3G market," said Chung-ming An, chief executive officer, Asia
Pacific Broadband Wireless. "We believe that CDMA2000 1xEV-DO will enable us to
deliver leading wireless data services and applications that Taiwan mobile users
demand. We selected Nortel Networks as our sole supplier because of their CDMA
leadership and expertise."
Under the terms of the contract, Nortel Networks CDMA2000 1X solution for APBW
includes:
-- Nortel Networks Univity CDMA Metro Cell radio base station equipped for
1xEV-DO;
-- 1xEV-DO Univity Radio Network Controller and Element Management System;
-- Univity CDMA Packet Data Service Node;
-- Nortel Networks Passport* 8600 Routing Switch;
-- Passport 7000 Mulitservice Switch;
-- and related infrastructure.
Nortel Networks Univity solutions support CDMA2000 1X and 1xEV-DO services from
the same base station. This will position APBW to drive reduced capital and
operating expenses. Univity solutions will also position APBW to generate new
revenues through multimedia services like video and audio streaming and
interactive gaming at peak data rates up to 2.4 megabits per second.
"We are honored to be working with APBW in deploying its 3G network in Taiwan,"
said Jackson Wu, managing director, Nortel Networks Taiwan. "We believe the
launch of 3G networks will bring Taiwan's wireless data services into a new era
of multimedia broadband. Consumers will be able to enjoy wireless multimedia,
streaming video and real-time, on-line TV news. As a global leader in 3G
wireless solutions, Nortel Networks is proud to be the technology enabler for
these exciting 3G services."
Nortel Networks has designed, installed and launched CDMA networks for 60
operators in 15 countries.
Nortel Networks is currently deploying CDMA2000 1X with leading customers around
the world. In Asia, the company recently announced a series of contracts
collectively valued at approximately US$280 million to supply China Unicom with
CDMA2000 1X digital wireless network infrastructure equipment.
Nortel Networks is the world's only supplier with Wireless Data Networks in
service in all three advanced technologies - GPRS, CDMA2000 and UMTS. Nortel
Networks is an industry leader and innovator focused on transforming how the
world communicates and exchanges information. The Company is supplying its
service provider and enterprise customers with communications technology and
infrastructure to enable value-added IP data, voice and multimedia services
spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical
Networks. As a global company, Nortel Networks does business in more than 150
countries.
More information about Nortel Networks can be found on the Web at
www.nortelnetworks.com.
Certain information included in this press release is forward-looking and is
subject to important risks and uncertainties. The results or events predicted in
these statements may differ materially from actual results or events. Factors
which could cause results or events to differ from current expectations include,
among other things: the severity and duration of the industry adjustment; the
sufficiency of our restructuring activities, including the potential for higher
actual costs to be incurred in connection with restructuring actions compared to
the estimated costs of such actions; fluctuations in operating results and
general industry, economic and market conditions and growth rates; the ability
to recruit and retain qualified employees; fluctuations in cash flow, the level
of outstanding debt and debt ratings; the ability to meet financial covenants
contained in our credit agreements; the ability to make acquisitions and/or
integrate the operations and technologies of acquired businesses in an effective
manner; the impact of rapid technological and market change; the impact of price
and product competition; international growth and global economic conditions,
particularly in emerging markets and including interest rate and currency
exchange rate fluctuations; the impact of rationalization in the
telecommunications industry; the dependence on new product development; the
uncertainties of the Internet; the impact of the credit risks of our customers
and the impact of increased provision of customer financing and commitments;
stock market volatility; the entrance into an increased number of supply,
turnkey, and outsourcing contracts which contain delivery, installation, and
performance provisions, which, if not met, could result in the payment of
substantial penalties or liquidated damages; the ability to obtain timely,
adequate and reasonably priced component parts from suppliers and internal
manufacturing capacity; the future success of our strategic alliances; and the
adverse resolution of litigation. For additional information with respect to
certain of these and other factors, see the reports filed by Nortel Networks
with the United States Securities and Exchange Commission. Unless otherwise
required by applicable securities laws, Nortel Networks disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
* Nortel Networks, the Nortel Networks logo, the Globemark, Univity and Passport
are trademarks of Nortel Networks.
CONTACT: Jane Lu, Nortel Networks Tel: +1 886 2 2366 7815 e-mail:
janelu@nortelnetworks.com Jay Barta, Nortel Networks Tel: +1 972 685 2381
e-mail: jbarta@nortelnetworks.com
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
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(Wall Street)
Daniel Nieves
Telia Selects Tellabs Access System to Increase 3G Network Capacity
RELATED SYMBOLS: (TLAB)
NAPERVILLE, Ill., Jan 15, 2003 /PRNewswire-FirstCall via COMTEX/ -- Telia,
Sweden's largest telecom and Internet service provider, has selected Tellabs to
help build a third-generation (3G) mobile network that lowers its operating
costs and enhances its profitability. Telia will use the Tellabs(R) 8100 managed
access system to increase network capacity quickly. In addition, the Tellabs
solution will enable several new connection services over a high-capacity
backbone using a powerful, real-time network management software system.
"The Tellabs 8100 is the basis of our existing multi-service network, and we
have been very happy with the system's performance," said Ove Alm, vice
president and chief technology officer of Telia, Skanova. "We examined all the
options for extending our network, and Tellabs' products proved to have the
highest service quality combined with the lowest lifetime cost."
The Tellabs solution will provide network capacity for 3G operators in Sweden.
"Tellabs continues to be an important bandwidth management partner for Telia in
building its world-class, multi-service network," said Anders Gustafsson,
president of Tellabs International.
Telia is the major Swedish communications company and the leading service
provider in Northern Europe. Telia has 15,000 employees, and its sales total USD
6 billion. Its number of fixed line customers is in excess of 6 million, and the
number of GSM users exceeds 3 million. Telia is quoted on the A-list of the
Stockholm Stock Exchange.
Tellabs (Nasdaq: TLAB) (tellabs.com) provides innovative bandwidth management
solutions to help carriers around the world move communications most efficiently
and effectively. The world communicates through Tellabs -- most telephone calls
and Internet sessions in several countries, including the United States, flow
through the company's equipment. Tellabs employee-owners develop and deploy
solutions that provide aggregation, grooming and business services in
metro/regional networks in more than 100 countries.
Tellabs and Tellabs logo are registered trademarks of Tellabs or one of its
affiliates in the United States and/or other countries. All other company names
and products mentioned herein may be the property of their respective companies.
SOURCE Tellabs
CONTACT: Jean Medina, +1-630-798-2509, jean.medina@tellabs.com , or Robin
Urbanski, +1-630-798-2508, robin.urbanski@tellabs.com , both of Tellabs
URL: http://www.tellabs.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
KEYWORD: Illinois
Sweden
INDUSTRY KEYWORD: TLS
CPR
NET
SUBJECT CODE: JVN
(Wall Street)
Daniel Nieves
OT:You think IDCC tanked today with all this fighting.
Can't we all just get along?
Peace out !
Daniel Nieves
OT:bulldzr,
It's a tornado ...I think he's Tornado.
An F5 is the biggest tornado.....an F6...must be the mother of all !
Daniel Nieves
GSM to hit one billion subscribers by year end 2003
London, Jan 14, 2003 (PR Newswire Europe via COMTEX) -- 10 fold increase in
number of GSM subscribers in the last five years
According to figures released today by the GSM Association* (Ref 1), the voice
of the world's wireless industry, the GSM family of wireless communications
continues to dominate the wireless world. It is estimated that at the end of
2002 there were 787 million GSM subscribers across 190 countries of the world.
The growth of GSM continues unabated with more than 160 million new customers in
the last 12 months. Since 1997, the number of GSM subscribers has increased by a
staggering 10 fold. During late 2003 or early 2004, it is predicted that global
GSM subscribers will smash through the one billion mark.
Craig Ehrlich, Chairman of the GSMA's CEO Board commented: "The impact that GSM
has made over the last decade cannot be understated. It has changed the world -
as signified by one in every 7 people on the planet that use GSM services today.
Growth continues at a pace - it now accounts for more than 72 per cent of the
world's digital wireless market - and we fully expect to achieve one billion
customers around the turn of this year.
"With such massive momentum, it is easy to understand why eight out of ten of
the world's digital wireless carriers, who have made their 3G technology
choices, have selected and invested billions of dollars in the GSM family
platforms of GPRS and W-CDMA as their next generation technologies of choice
globally," added Ehrlich.
As further evidence of GSM's continuing advance and evolution, the GSMA
confirmed today that there are more than 140 data enabled GPRS networks
commercially deployed with a further 40 currently in construction. Customers are
already beginning to enjoy advanced, feature rich data services, such as Mobile
Multimedia Services (MMS) including picture messages and other leading edge
wireless applications.
Rob Conway, CEO of the GSM Association said: "This consistent growth
demonstrates that GSM continues to be the most successful open standards model
in the wireless world and possibly the fastest growing technology ever."
GSM is a registered trademark, registered and owned by the GSM Association.
Reference 1:
* Statistics Source - GSM Association & EMC World Cellular Database
Web: http://www.gsmworld.com/.
CONTACT: For more information, please contact: Mark Smith, GSM Association, Tel: +44 207
518 0530, Fax: +44 207 518 0531, E-Mail:msmith@gsm.org
Copyright (C) 2003 PR Newswire Europe
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SUBJECT CODE: Satellite & Cable Services
Telecommunication Services
(Wall Street)
Daniel Nieves