Just six months after @Road, which sells and manages wireless tracking systems.from Sprint PCS, Levine has joined the board of directors of
His appointment to the board was announced Tuesday. @Road is one of a handful of companies that use Global Positioning System (GPS) satellites to track packages, staff numbers or vehicles.
The company in October reported a third-quarter net loss in 2002 of $2.8 million, or 6 cents per share, compared with a net loss of $9 million, or 20 cents a share, in a comparable period in 2001. Revenue rose 8 percent over the quarter to $11.5 million.
Levine left Sprint PCS in September to retire to his ranch in California, the company said at the time. He was replaced by Len J. Lauer, then-president of the company's long-distance division.
Sources said Levine's departure from Sprint wasby a drop in the wireless telephone unit's total number of subscribers, the result of a higher-than-expected decrease in the number of its Clear Pay program subscribers. Clear Pay targets low-income customers and sets a spending limit on phone calls.
While Clear Pay helped Sprint PCS gain new customers, it was never a favorite with Wall Street. Analysts said customers didn't spend enough money on phone calls or on extra services, such as wireless Web surfing, to make the subscriber strategy pay off.