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.
For much of the past decade, the Taiwanese manufacturer operated in relative obscurity as a contract manufacturer for many carriers.