Ericsson Profits Flat, Below Expectations
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STOCKHOLM, Sweden -- Wireless equipment maker LM Ericsson on Friday said sales grew in the first quarter but the takeover of money-losing Marconi cut into profits that came in flat, below expectations. Ericsson shares fell nearly 3 percent after the quarterly report was released. Net profit in the January-March period was 4.61 billion...
Alltel to Allow Free Calls to 10 Numbers
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LITTLE ROCK, Ark. --Alltel Corp. will allow its wireless customers to make free, unlimited calls to 10 telephone numbers of their choice, even those belonging to other wireless providers. Alltel, the country's fifth largest wireless carrier, will offer its 'My Circle' program beginning Monday to any customer who has a monthly rate...
Sprint Scoops Up UbiquiTel
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That's the game plan of Sprint Nextel Corp., which has bought up another one of its affiliates. On Thursday, the company announced that it has paid $1.3 billion for UbiquiTel Inc. a wireless affiliate based in the thriving metropolis of Conshohocken, Pa. UbiquiTel is one...
Qualcomm Posts Another Record Quarter
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Shares in Qualcomm were down slightly today, even though the company yesterday reported its third consecutive quarter of record revenues and chip shipments. In its second fiscal quarter, the company raked in net income of $593 million, up 11 percent year-over-year, and revenues of $1.83 billion, up 34 percent year-over-year. Pro-forma...
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