Advertisement
YOU ARE HERE: LAT HomeCollectionsStm Wireless Inc
IN THE NEWS

Stm Wireless Inc

FEATURED ARTICLES
BUSINESS
May 9, 1999
STM Wireless Inc. said it has received a $5.4-million contract from Bolivia's sole long-distance provider, Entel S.A., to supply 550 solar-powered telephone terminals. STM, an Irvine manufacturer of communications equipment for satellite telephone and data systems, said it expects more than half the solar phone sites to be in service by the end of the year.
ARTICLES BY DATE
BUSINESS
December 9, 2006 | From Bloomberg News
Intel Corp., the world's largest computer chip maker, and STMicroelectronics are in advanced talks to sell their memory businesses to a private equity firm, an analyst said. The combined operation would be valued at slightly less than its $3 billion in annual sales, American Technology analyst Doug Freedman said in a note to investors. Freedman said he didn't know the identity of the potential buyer.
Advertisement
BUSINESS
February 22, 2003 | From Times Staff and Wire Reports
STM Wireless Inc. filed for bankruptcy protection and agreed to be bought by an investment firm that intends to take the Irvine-based maker of satellite networking gear private. Sloan Capital Partners agreed to pay $4 million for the assets of STM. In its bankruptcy filing, STM listed assets of $22.7 million and liabilities of $19.9 million. STM shares, which peaked at $20.25 in 1997, fell 19 cents to 3 cents on Nasdaq.
BUSINESS
June 20, 1996
STM Wireless Inc. said it has sold $2.8 million of networking equipment to Thailand's Samart Telcoms. STM Wireless said its equipment will be used to link a banking network, a voice and video network, and to monitor and control oil wells and pipelines throughout the country. Samart Telcoms, a unit of Samart Corp., provides satellite communications services in Thailand. STM Wireless makes wireless communications products.
BUSINESS
November 19, 1998
STM Wireless Inc. said it agreed to deliver 1,400 terminals to China's Golden Health Medical Co. Ltd. to expand a satellite-based medical network previously provided by STM. The contract is valued at about $8 million. The Golden Health Medical Network provides services to more than 20 provinces in China and links many of the country's top hospitals, including the Beijing and Shanghai universities' medical facilities, STM said.
BUSINESS
November 10, 1998
STM Wireless Inc., an Irvine provider of communications equipment, said net income for the third quarter dropped to $38,000, or 1 cent a share, from $1.2 million, or 18 cents a share, a year ago. Revenue declined 31% to $14.3 million from $20.6 million. The company said it was recovering from the decline in revenues from Southeast Asia, which accounted for about 60% of its revenue during 1997.
BUSINESS
February 22, 2003 | From Times Staff and Wire Reports
STM Wireless Inc. filed for bankruptcy protection and agreed to be bought by an investment firm that intends to take the Irvine-based maker of satellite networking gear private. Sloan Capital Partners agreed to pay $4 million for the assets of STM. In its bankruptcy filing, STM listed assets of $22.7 million and liabilities of $19.9 million. STM shares, which peaked at $20.25 in 1997, fell 19 cents to 3 cents on Nasdaq.
BUSINESS
May 13, 1998
STM Wireless Inc.: The Irvine provider of communications equipment lost $4.1 million, or 62 cents a share, for the first quarter, contrasted with net income of $152,000, or 2 cents a share, a year earlier. Revenue declined 16% to $6.9 million from $8.2 million. The company said 1997 figures were restated to include the results of Telecom International, which was acquired in December 1997. STM also said it agreed to sell its Telecom Multimedia Systems Inc. unit to Inter-Tel Inc.
BUSINESS
June 1, 2000
STM Wireless Inc., an Irvine maker of satellite communications networking products, said Wednesday that it has been awarded an order by Indonesia's largest Internet service provider for a broad-band network. STM said in a press release that the initial order under the contract with PT Primacom Interbuana is valued at $2.5 million. The order calls for the immediate delivery of two network hubs to be located in Indonesia and Singapore.
BUSINESS
May 4, 2001
The Irvine communication products company reported a first-quarter net loss of $764,000, or 11 cents a share, compared with net income of $2.5 million, or 33 cents a share, a year ago. The earnings a year ago included an operating credit of $3.2 million and a nonoperating gain of $600,000. The $600,000 gain was from disposing an affiliate. Revenue rose 63% to $6.2 million.
BUSINESS
October 24, 2000 | Dow Jones
Shares of STM Wireless Inc. jumped 51% after the Irvine maker of satellite communications networks said Monday that it had earned a patent for a new technology that will reduce the cost of broadband communications via satellite. STM's stock gained $2.63 to close at $7.81 a share in heavy Nasdaq trading. During the day, the price hit as high as $9.69 a share before settling back. More than 2.
BUSINESS
October 7, 2000 | Dow Jones
STM Wireless Inc. said Friday that it is negotiating, along with a Peruvian telecommunications company, to install telephones in more than 2,000 locations in that nation. The Irvine company said it and CIFSA Telecom S.A. will receive about $28 million in subsidies from a Peruvian government telecommunications authority to complete the project in 18 months. Contract negotiations with the agency are expected to be wrapped up within 60 days, said STM, a provider of wireless communications
BUSINESS
June 1, 2000
STM Wireless Inc., an Irvine maker of satellite communications networking products, said Wednesday that it has been awarded an order by Indonesia's largest Internet service provider for a broad-band network. STM said in a press release that the initial order under the contract with PT Primacom Interbuana is valued at $2.5 million. The order calls for the immediate delivery of two network hubs to be located in Indonesia and Singapore.
BUSINESS
April 4, 1996
STM Wireless Inc.'s shares rose 24% after the communications equipment maker agreed earlier this week to sell its RF Microsystems subsidiary. "They are getting rid of a unit that was diverting management's attention," said Dale Pfau, analyst with Oppenheimer & Co. "This company is on its way to a turnaround." The company's shares rose by $2.50 to $12.75 on the Nasdaq market. STM had announced earlier this week that it plans to sell the subsidiary to Remec Inc.
BUSINESS
September 18, 1996
STM Wireless Inc. received a $4.3-million order from Telecomunicacoes da Bahia S.A. to expand a telecommunications network previously supplied by STM in the state of Bahia, Brazil. The company said the expansion will allow the addition of 28 local offices to provide telephone services with operator assistance for small towns. In addition, the main toll office in Bahia will be connected to regional offices to improve the quality and coverage in those areas, STM said.
Los Angeles Times Articles
|