Wireless Communications industry news provided by Financial News USA (OTC: FNWU). NewMarket Technology, Inc. (OTCBB:NMKT) recently attended the U.S.-Mexico Chamber of Commerce International Mayors Conference for New Business Development for Mexico, the United States and Asia held in Dallas, Texas, Jan. 22-23. NewMarket and Diamond I, Inc. (OTCBB:DMOI) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets with $10 million in revenue forecasted in 2007.
Verizon Wireless, a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE: VOD), customers can now access content from Seventeen magazine on their Verizon Wireless phones. With Seventeen Mobile, Verizon Wireless customers can get the latest information on health, fashion and beauty reports, horoscopes, daily tips and daily "traumas" right in the palms of their hands on any Mobile Web 2.0(SM)-capable phone. Airspan Networks, Inc. (Nasdaq:AIRN), a leading worldwide provider of WiMAX and Wi-Fi based broadband wireless access networks and carrier class Voice-over-Internet Protocol (VoIP) solutions, will report its results for the fourth quarter ending December 31, 2006 on Wednesday, February 28th after the close of the markets. An investor conference call is scheduled for 5:00 p.m. (EST) on the same day. Alcatel-Lucent (NYSE:ALU) said Friday it will eliminate an additional 3,500 positions -- on top of 9,000 job cuts already announced -- after the telecommunications-equipment maker posted a fourth-quarter loss and forecast a drop in first-quarter sales. The French-American company, which completed a cross-Atlantic merger in December, blamed stiff competition in the wireless market and a shortfall in North America, where large phone companies have scaled back equipment purchases.
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