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Article: In Shaky Times, Wireless Offers Strong Signal

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NJBIZ
Article date:
December 8, 2008
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Copyright

As the economy copes with slowed business, providers with growth plans remain profitable

TECHNOLOGY

WARREN - While much of the consumer sector struggles to lure dollars from an increasingly cost- conscious public, companies in the wireless market with smart growth plans have a strong signal for growth.

Thanks to the widespread use of cell phones and wireless personal digital assistants, customers are keeping service providers like Wanen-based Virgin Mobile USA Inc. busy. Last month, Virgin, which predominandy offers prepaid cellular service, reported a profitable third quarter, though die market is not completely free of economic challenges.

Virgin Mobile reported net income of $4. 1 ...

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