The San Diego Daily Transcript is San Diego’s only information company offering business news, data and resources daily and hourly. We report on San Diego business, finance and the San Diego economy, real estate, construction, the U.S. military in San Diego, and San Diego government construction bids. |
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87.9% 
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Leap Wireless (Nasdaq: LEAP) widened its net loss in the third quarter as higher expenses offset higher revenue. The pay-as-you-go cell phone service provider reported a net loss of $64.6 million, or 85 cents per share, compared to a net loss of $49.3 million, or 72 cents per share, in the third quarter of 2008. Total revenues rose to $599.5 million from 2008 third-quarter revenues of $496.7 million, mostly due to a 25-percent increase in service revenues.
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83.5%
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Leap Wireless International Inc. (Nasdaq: LEAP), a provider of wireless communications services, announced that John H. Chapple, Ronald J. Kramer and William A. Roper Jr. have been appointed to the company’s board of directors, effective Nov. 2. The addition of these new directors brings the number of Leap board members to eight. Chapple is president of Hawkeye Investments LLC, a privately owned equity firm investing primarily in telecommunications and real estate ventures, and ...
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81.7%
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John Chapple, Ronald Kramer and William Roper, Jr. joined the board as of Monday. Chapple, 56, is president of private equity firm Hawkeye Investments LLC and a former CEO of Nextel Partners. Roper, 63, is president of private equity firm Roper Capital Co. and former CEO of VeriSign Inc., an Internet security firm.
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89.1%
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America Movil SAB (NYSE: AMX) may target the flat-rate, contract-free wireless carrier to acquire its own network after buying space on Verizon Wireless' network, Niehaus said. It may combine with Leap Wireless International Inc. (Nasdaq: LEAP), a smaller competitor, to gain scale as bigger companies enter the pay-as-you-go wireless business, Niehaus said. The company currently sells its Tracfone Wireless Inc. service over Verizon Wireless' network and has a deal to sell the ...
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86.6%
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Shares of MetroPCS Communications Inc. (NYSE: PCS) and Leap Wireless International Inc. (Nasdaq: LEAP) fell Tuesday, with Goldman Sachs predicting disappointing quarterly results. Goldman analyst Jason Armstrong cut both stocks to "Neutral" from "Buy," telling investors in a note that competition for the wireless providers is on the rise. Among other competitive pressures, rival Sprint Nextel Corp. (NYSE: S) is having "a very strong quarter" with its Boost Mobile brand, ...
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85.1%
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NEW YORK (AP) -- Shares of MetroPCS Communications Inc. and Leap Wireless International Inc. fell Tuesday, with Goldman Sachs predicting disappointing quarterly results. Goldman analyst Jason Armstrong cut both stocks to "Neutral" from "Buy," telling investors in a note that competition for the wireless providers is on the rise. Among other competitive pressures, rival Sprint Nextel Corp. is having "a very strong quarter" with its Boost Mobile brand, Armstrong said, "while Leap and (MetroPCS)...
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89.1%
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Oct. 14 (Bloomberg) -- Wal-Mart Stores Inc., the worldís largest retailer, will offer two no-contract mobile-telephone plans for $30 and $45 a month, opening new competition for U.S. wireless providers before the holidays. More than 3,200 Walmart stores in the U.S. will sell the Straight Talk prepaid service starting Oct. 18, the Bentonville, Arkansas-based company said today in a statement. Leap Wireless will announce a move to expand its monthly plans into Walmart and Dollar General ...
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89.1%
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Leap Wireless International Inc. (Nasdaq: LEAP), the pay-as-you-go mobile phone company, plans to put more phones in retail chains as a rival signed a deal with Wal-Mart Stores Inc. (NYSE: WMT). Contract-free mobile-phone carriers have started offering products in larger store chains to widen their reach to consumers. Walmart, the world’s biggest retailer, said Wednesday it will sell two no-contract mobile phone plans under TracFone Wireless Inc.’s Straight Talk brand ...
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87.9%
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Leap Wireless (Nasdaq: LEAP) is falling in afternoon trade after two analysts issued lackluster ratings Thursday. McCormack also downgraded Leap Wireless competitor MetroPCS Communications (NYSE: PCSA) to "neutral" Thursday. Analysts covering the wireless services industry have expressed concerns in the past that increased competition among companies offering lower-end products would hinder growth.
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81.6%
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Leap Wireless (Nasdaq: LEAP) logged some modest gains in Tuesday trade after its subsidiary Cricket Communications Inc. debuted its low-cost camera phone. The new Cricket CAPTR (pronounced kap-chur), which retails for $129.99, features a zoom-enabled VGA camera as well as Bluetooth, voice activated dialing, text and picture messaging, an internal and external color display, and battery life of up to 250 hours of standby time and up to five hours of talk time. The Cricket CAPTR ...
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