The beleaguered cellphone maker lost $397 million in the quarter and warned investors that there was no quick fix to its problems.
The beleaguered cellphone maker lost $397 million in the quarter and warned investors that there was no quick fix to its problems.
The beleaguered cellphone maker lost $397 million in the quarter and warned investors that there was no quick fix to its problems.
The company posted a quarterly net loss of $397 million as revenue fell a steeper-than-expected 15 percent, and warned that its fourth-quarter earnings would miss analyst expectations.
Mr. Joel was perhaps best known for a 1972 patent that allows a cellphone user to make an uninterrupted call while moving from one cell region to another.
The cellphone maker reported weaker-than-expected third-quarter sales and profits, but its outlook reassured jittery investors.
The world’s top cellphone maker, Nokia, reported weaker-than-expected third-quarter sales and profits, but its outlook on the cellphone market reassured investors.
Verizon told companies that send out text messages that starting Nov. 1 it will impose a fee of 3 cents for each message it delivers to the phones of its subscribers.
Verizon told companies that send out text messages that starting Nov. 1 it will impose a fee of 3 cents for each message it delivers to the phones of its subscribers.
Freescale Semiconductor said it was exploring strategic options for its cellphone chip business and intends to complete a sale or joint venture in the coming months.
In the fourth quarter of 2007, American cellphone subscribers for the first time sent text messages more than they phoned.