RadioShack Signs On With Cingular, Sprint
RadioShack signed a 10-year contract to sell mobile telephone service from Cingular Wireless and canceled a deal with Verizon Wireless. The electronics retailer also extended a 10-year accord with Sprint and agreed to sell Nextel-branded phones and service after Sprint's $35 billion merger with Nextel Communications later this year.
TiVo Reaches for Rural Cable Customers
Digital-video-recording company TiVo signed an agreement with the National Cable Television Cooperative to allow more than 1,000 independent cable companies to market its set-top boxes and service to their 14 million rural subscribers.
Under the agreement, TiVo will ship digital video recorders to the cable companies and let them set fees for the service, which allows users to skip commercials and more easily record favorite shows.
XM to Broadcast U.S. Open Tennis
XM Satellite Radio of the District reached an agreement with the U.S. Tennis Association to broadcast the U.S. Open men's and women's finals and semifinals through 2007. Bud Collins will call the matches and will host a daily one-hour show from 9 to 10 a.m. throughout the 2005 tournament, which runs from Aug. 29 to Sept. 11 at the USTA National Tennis Center in Flushing Meadows, N.Y.
Yahoo to Air CNN, ABC Video
Yahoo will offer free video news clips from CNN.com and ABC News beginning in September to lure users and advertisers. The agreements give CNN and ABC a way to distribute their reports more widely as audiences for television news shows decline.
Intel Speeds Up Its Laptop Chips
Intel introduced faster versions of its Centrino laptop computer chip package and cut the price of older models by as much as 30 percent. The new Pentium M processor, the heart of the Centrino package that also includes graphics, audio and wireless-Internet connection chips, runs about 6 percent faster than earlier models, Intel said.
SRA's Fourth-Quarter Profit Rises 34 Percent
SRA International said its fourth-quarter earnings rose 34 percent, to $15.9 million (28 cents a share), from the $11.9 million (22 cents) it reported in the year-earlier period. Revenue for the period ended June 30 increased 33 percent, to $241.1 million from $180.9 million.
For the year, Fairfax-based SRA said it earned $57.7 million ($1.02) on $881.8 million in revenue. It was the 27th straight profitable year for the company, which provides information technology services to the federal government.
OPNET Swings to Loss in First Quarter
OPNET Technologies of Bethesda swung to a loss of $454,000 (2 cents a share) for its fiscal first quarter from a profit of $2 million (10 cents) in the corresponding period last year. The software maker also reported a dip in sales for the period ended June 30. Revenue was $16.5 million, down from $16.8 million.
Compiled from staff and news service reports.