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Ericsson, down from yesterday's close of $14.00, was getting hammered at $11.50 in the premarket today after the wireless maker said it reduced its sales and margins expectations for fiscal 2000 and doubled its projected loss for handsets.
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The dongle comes from Sierra Wireless, makers of fine dongles, and should be available now.
Shares of Qualcomm, the wireless chip maker, rose 2.5percenttoto $34.94, while the software maker Oracle gained 3.5percenttoto $17.83, putting them among the top gainers on the Nasdaq.
On Monday the Swedish wireless equipment maker said it was making an offer for Tandberg Television, one of the leading software makers for the convergence of telecommunications and TV.
The following May, Qualcomm sold its telecommunications equipment business to the big Swedish wireless equipment maker Ericsson.
Shares in the wireless device maker jumped as much as 7 percent on Tuesday amid speculation that the billionaire investor had taken a stake in RIM.
Shares in the wireless equipment maker Ericsson surged after the Swedish company surprised investors with better-than-expected results in the first quarter despite a 55percentt drop in earnings.
Among the companies that have recently raised or started payments are Coach, the retailer; Qualcomm, the wireless equipment maker; and Norfolk Southern, the railroad transportation company.
Qualcomm MEMS Technologies, a subsidiary of Qualcomm, the wireless chip maker in San Diego, also uses microelectro-mechanical systems in its new display technology called mirasol.
The wireless equipment maker Powerwave Technologies said yesterday that it had agreed to acquire LGP Allgon Holding of Sweden in a $407 million deal to create a company that can offer customers a broader range of wireless infrastructure gear.
LOS ANGELES (Reuters) — A federal judge in California ruled on Monday that the wireless chip maker Qualcomm could keep selling through January 2009 some chips whose designs infringe patents held by the Broadcom Corporation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com