March 7, 2003 |
Craig McCaw is relinquishing control of Nextel Communications Inc., the company he helped build into the fifth-biggest provider of mobile-phone service in the U.S. McCaw, 53, will reduce his stake in Nextel to less than 5% from more than 10%, losing the right to three of 11 board seats. Shares of Reston, Va.-based Nextel shares slipped 42 cents, or 3.3%, to $12.47 on Nasdaq.
August 13, 2003 |
Google, the No. 1 Web search company in the United States, identified numerous users of its product that helps companies search their own data in corporate networks and Web sites. The company said pharmaceutical giant Pfizer Inc., the Army and the city of San Diego are among the new paying users of Google's enterprise search appliance, which is a hardware and software product. Other customers include Xerox Corp., Nextel Communications Inc., Procter & Gamble Co., Cisco Systems Inc. and Boeing
October 16, 1998 |
* Compaq Computer Corp. (ticker symbol: CPQ) was raised to "buy" from "accumulate" by A.G. Edwards & Sons. * Nextel Communications (NXTL) was rated "buy" in new coverage by Wheat First Union, with a 12-month target price of $36. * Polaroid Corp. (PRD) was downgraded to "hold" from "buy" by Credit Suisse First Boston. * Texaco Inc. (TX) was downgraded to "neutral" from "buy" by Lehman Bros. * US West (USW) was raised to "buy" from "neutral" by Lehman Bros., with a 12-month target price of $68.
January 24, 2006 |
Sprint Nextel Corp. froze pension plans for almost half of its 80,000 employees and won't offer a fixed retirement benefit to new workers as the company cuts labor costs to compete with other wireless carriers. Chief Executive Gary Forsee, who orchestrated the $36-billion merger of Sprint Corp. and Nextel Communications Inc., is revamping the retirement plans as he shifts the company's focus to the wireless business. Cingular Wireless, the largest U.S. mobile-phone services company, and No.
February 18, 2005 |
Nextel Communications Inc., the wireless telephone company being bought by Sprint Corp., said fourth-quarter profit fell 26%. Sales surged, led by the company's Boost Mobile unit aimed at younger clients. Net income dropped to $471 million, or 41 cents a share, from $634 million, or 55 cents, a year earlier, when the company had a gain from the sale of investments. Sales rose 19%, the Reston, Va.-based company said. Profit was cut by an income tax provision of $232 million.
May 2, 1995
American Mobile Systems Inc., a Woodland Hills company that provides mobile radio services in Florida, agreed last week to be acquired by wireless communications giant Nextel Communications Inc. in a stock deal valued at about $65 million. Nextel, based in New Rutherford, N.J., already owns about 10% of American Mobile's shares.
January 4, 2002 |
Nextel Communications Inc.'s international wireless-phone unit missed an $8.3-million principal payment to banks amid the Argentine economic crisis and said it may file for bankruptcy protection. The unit, NII Holdings Inc., said it will review asset sales or reorganization under Chapter 11 after its Argentine subsidiary missed the payment Monday. It hired Houlihan Lokey Howard & Zukin Capital as its advisor, according to a Securities and Exchange Commission filing.