LightSquared names Marc Montagner Chief Financial Officer

By on January 3, 2012 at 6:45 PM.

LightSquared names Marc Montagner Chief Financial Officer

LightSquared announced on Tuesday that it has named Marc Montagner as Chief Financial Officer. Montagner replaces Michael Montemarano, who left the firm in November. Montagner specializes in mergers and acquisitions, having previously worked for Dupont Circle Partners and Sprint Nextel Corporation. LightSquared is looking to build its network on 1600MHz frequency spectrum and deploy a 4G LTE network that Sprint is planning to use in part to accelerate its own LTE roll-out. LightSquared’s network has yet gain approval from  the Federal Communications Commission, however, which recently issued a report stating that the company’s network still interferes with GPS technology. LightSquared promptly replied to the new report and demanded approval, claiming that any interference with GPS devices is caused by GPS signals partially transmitting on LightSquared’s spectrum. Sprint recently granted LightSquared an additional 30 day to gain approval before its pending deal may be canceled. Read more for a full copy of the press release. More →

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HTC CFO: Puccini tablet will launch in September/October

By on August 16, 2011 at 9:23 PM.

HTC CFO: Puccini tablet will launch in September/October

HTC’s 10-inch Puccini Android tablet will hit the market in September or October, HTC’s chief financial officer Winston Yung said during a press conference at the Taiwan Stock Exchange. We published the first solid images of the Puccini in July when we noted the tablet will likely offer a 1.5GHz processor, an 8-megapixel camera and stylus input support similar to what the HTC Flyer offers. While earlier rumors suggested the Puccini would launch on AT&T with 4G LTE support, we think the September/October time frame might be too early for that to happen. We expect the Puccini to run on AT&T’s HSPA+ network instead. Yung also reaffirmed HTC’s plans to appeal a recent ITC ruling that found HTC guilty of infringing on Apple patents. More →

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HTC willing to bury the hatchet with Apple in patent battle

By on July 26, 2011 at 1:45 PM.

HTC willing to bury the hatchet with Apple in patent battle

Speaking with Bloomberg recently, HTC’s chief financial officer Winston Yung said that his company is open to cutting a deal with Apple over various patents the two companies are currently fighting over. “We have to sit down and figure it out,” Yung said. “We are open to all sorts of solutions, as long as the solution and the terms are fair and reasonable. On and off we’ve had discussions with Apple, even before the initial determination came out.” Earlier this month, an International Trade Commission judge ruled that HTC was infringing on two of Apple’s patents related to a “system and method for performing an action on a structure in computer-generated data,” and a “real-time signal processing system for serially transmitted data.” HTC said it would appeal the ruling, however, and Apple was also recently found guilty of infringing on patents owned by S3 Graphics, which HTC purchased in early July. More →

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Verizon CFO reaffirms next iPhone will be ‘world phone’, LTE status unknown

By on May 19, 2011 at 2:46 PM.

Verizon CFO reaffirms next iPhone will be ‘world phone’, LTE status unknown

In an interview with Reuters, Verizon Communications’ chief financial officer, Fran Shammo, reaffirmed several details about his company’s next iPhone offering. “Verizon’s [next iPhone] version will also work in as many countries as AT&T’s iPhone, which has global coverage,” writes Reuters, paraphrasing Mr. Shammo. The executive also noted that the inclusion of LTE in the next CDMA iDevice is not something Verizon has control over. “I think it’s a bigger issue for Apple than it is for us,” said Shammo speaking about the need for an LTE iPhone. “Depending on where Apple plays, that’s where we’ll sell.” The latest rumors have Apple releasing a refreshed version of its smartphone product later this fall. Most pundits agree that the update wil not include a Verizon-compatible LTE radio. More →

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Verizon to offer family data plans; move to tiered data pricing for all customers this summer

By on May 19, 2011 at 1:05 PM.

Verizon to offer family data plans; move to tiered data pricing for all customers this summer

In a report today, Reuters noted that Verizon Wireless’ cellular data offerings are in for a major overhaul. “Verizon Wireless plans to kick off pricing changes this summer by eliminating smartphone plans that allow unlimited Web access for a flat fee,” reads the article. “It will replace them with tiered pricing that forces heavy data users to pay more for mobile data.” The report goes on to paraphrase Verizon Communications’ CFO, Fran Shammo, who explained that “after this change, which forces heavy data users to pay more, the company will look to soften the blow by offering more options such as family plans for data services.” Currently, Verizon Wireless smartphone users with family plans are required to pay $29.99 per line for cellular data. Non-family-plan smartphone customers can purchase unlimited mobile data (with a 5GB allowance) for the same monthly price. More →

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Verizon: Our next Apple product will be a 'global device'

By on April 21, 2011 at 10:56 AM.

Verizon: Our next Apple product will be a 'global device'

Verizon Wireless on Thursday confirmed that its next Apple device will be a world phone. The company reported a solid first quarter on Thursday morning, noting that it had activated 2.2 million iPhones, and Verizon’s CFO, Fran Shammo, revealed during a conference call that Apple’s next iPhone will be a “global” phone. Look, it’s not like we weren’t expecting it — many assumed the first CDMA iPhone to support GSM roaming, and Apple is already using a world-mode Qualcomm chip in the current model. It was pretty much a given that Verizon Wireless iPhone users will be able to roam across the globe to their heart’s content, but it’s always nice to hear it from the horse’s mouth. Whether Apple will have just one iPhone 5 model for both GSM and CDMA networks is still unknown, though knowing Apple, the company is most likely doing everything it can to make that happen. More →

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Verizon Wireless will move to tiered data plans this summer

By on March 1, 2011 at 2:00 PM.

Verizon Wireless will move to tiered data plans this summer

Speaking at the Morgan Stanley Technology, Media, and Telecom Conference this afternoon, Verizon CFO Fran Shammo told investors that Verizon Wireless plans to move to tiered data plans in the near future. The plans, which could roll out as early as this summer, may be based on consumption, speed, or a combination of the two. “We are still working on the models,” said Mr. Shammo. The CFO mentioned that Verizon Wireless consciously decided against a tiered data option with the recently launched iPhone 4, noting that the company did not want to dissuade any potential buyers. When asked about the unlimited $30 data plan currently being offered for smartphones, Mr. Shammo quipped, “Everyone knows that isn’t long-term. We will move to tiered pricing in the mid-summer time frame.” What do you think Big Red customers? Sound off in the comments. More →

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Verizon reorganizes executives; CFO, CEO, COO positions shuffled

By on September 20, 2010 at 11:07 AM.

Verizon reorganizes executives; CFO, CEO, COO positions shuffled

Today, Verizon announced a top-level, executive-role shuffle to the general public. Beginning on October 1, Dan Mead, current executive vice president and COO of Verizon Wireless, will assume the role of president and CEO of Verizon Wireless. Lowell McAdam, who is currently in the VZW president and CEO role, will move to president and COO of Verizon Communications, effective October 1. Current president of Verizon Telecom and Business, Francis J. Shammo, will become the executive vice president and CFO of Verizon Communications, effective November 1. The company also announced that John G. Stratton, current chief marketing officer at VZW, will succeed Mead as CEO. The moves made by Verizon solidify the company’s top executive positions, as several executives –including current Verizon EVP and CFO John Killian —  are expected to retire at the end of this year. We’ve got the full press release ready for you after the break. More →

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Garmin weighing costs of phone division

By on September 13, 2010 at 9:41 AM.

Garmin weighing costs of phone division

In an interview with Reuters, Garmin CFO Kevin Rauckman was fairly candid when speaking about his company’s foray into the smartphone market place. “We’re pragmatic. If we end up ultimately not successful with units … we’ll have to sit back and evaluate that and consider making the best decision for our business,” said the CFO. Rauckman continued, “We’ll have to make decisions within the next couple of quarters — whether we continue to invest or whether we pull back.” The company’s total smartphone sales for Q2 of 2010 totaled just $27 million. More →

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