Topics Mobile Tech News Sunday, April 21

Headlines

Contact us


Site search:
complete archives list




Site Sponsors:


Don't forget AT&T and Verizon promo codes at Sidepon.com to save money.


Xircom Plans to Buy VoiceStream Unit
Posted: 14-Jun-2000 [Source: Reuters]

[Xircom hopes to leverage VoiceStream expertise to make its move into the wireless product space.]

Thousand Oaks, Calif -- "Communications equipment maker Xircom Inc. (XIRC.O) on Tuesday said it has agreed to acquire Omnipoint Technologies Inc., a unit of VoiceStream Wireless Corp. (VSTR.O), in exchange for stock valued at $52.2 million.

"Xircom also assumes liabilities valued at $8.3 million, and VoiceStream becomes a minority investor in Xircom with a seat on its board of directors.

"Xircom said it will take a one-time charge against its earnings of between $15 million and $25 million in the quarter ending June 30, to account for the deal. It expects the acquisition to close within three weeks and add to earnings in its second year of operations.

"The acquisition enhances Xircom's wireless communications product line by adding Wide Area Network (WAN), Global System for Mobile Communications (GSM), and General Packet Radio Service (GPRS) products and technology.

"Xircom said it will leverage Omnipoint's expertise to move into current and next generation wireless products.

More...

Back to Headlines...

Apple Watch Apple Watch

iPhone 6 and iPhone 6 Plus iPhone 6 and iPhone 6 Plus

Amazon Fire Amazon Fire

Samsung Z - Tizen Samsung Z - Tizen

LG G3 LG G3

HTC One mini 2 HTC One mini 2

OnePlus One OnePlus One

HTC One (M8) HTC One (M8)

Samsung Gear 2 Tizen Watch Samsung Gear 2 Tizen Watch

HP VoiceTab HP VoiceTab

T200 octa-core T200 octa-core

Nokia 2520 Tablet Nokia 2520 Tablet

Samsung Galaxy Round Samsung Galaxy Round

BlackBerry Z30 BlackBerry Z30

iPhone 5S and iPhone 5C iPhone 5S and iPhone 5C

Samsung Galaxy Mega Samsung Galaxy Mega

Sony SmartWatch 2 Sony SmartWatch 2

iOS 7 iOS 7

Jolla Jolla

BlackBerry Z10 BlackBerry Z10

Galaxy S 4 Galaxy S 4

Galaxy Note 8.0 Galaxy Note 8.0

Ubuntu on Tablets Ubuntu on Tablets

LG Optimus G Pro L-04E LG Optimus G Pro L-04E

Firefox OS Firefox OS

Sony Zperia Z Sony Zperia Z



 

Valid HTML 4.1!

RSS © 1999-2019 Traques LLC
All times recorded in UTC
webmaster@MobileTechNews.com