Filed under: WIRELESS
WIRELESS
No wild, first-day pop for shares of MVNO Virgin Mobile, the joint venture between Sprint and Virgin. After pricing Wednesday night at $15, the low-end of its $15-$17 range (for a total raise of $412 million), shares in the company traded modestly higher, at one point hitting $16.63, before settling around $15.50 early in the day. The underwhelming launch could have been due to the stumbles of other high-profile MVNOs, thus damping enthusiasm for the sector, even if Virgin Mobile itself is making money. (http://www.paidcontent.org/entry/419-virgin-mobile-up-little-in-first-day-of-trading 10/11)
Motorola announced nine new cell phones Thursday that will be available before the end of the year. The list includes seven new W-series phones, four of which will feature FM radio, and six of which will use Motorola’s own CrystalTalk audio technology. Also included, the Razor2 V8, a luxury phone with gold-plated accents and the capacity to hold 1,000 songs. (The Globe and Mail (Toronto)/Associated Press 10/11)
The Razor2 V8 is trimmed with 18 and 24 karat gold accents. Riiiiiight. Tacky.
Razor2 V8
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