Qualcomm's proxy statement filing with the SEC last week revealed some juicy tidbits regarding subsidiary MediaFLO USA's performance in fiscal year 2007, and as might be expected, the numbers aren't so hot. The mobile TV outfit's revenue isn't broken down specifically, but Qualcomm calls it out as largely accounting for its QSI (Qualcomm Strategic Initiatives) segment's poor '07 showing thanks to a $118 million year over year increase in losses. To be fair, MediaFLO launched for the first time anywhere on any carrier in 2007, and the statement blames $70 million of those losses on expenses associated with the March '07 rollout on Verizon -- but these cats have another big push coming up with AT&T, and we can't imagine that service launches are getting any cheaper these days. Hopefully the economies of scale start to kick in before too long and put 'em on the road to black ink.

[Via mocoNews]

Well, you can imagine the surprise we're all feeling over here at Engadget HQ at the news of Xero Mobile -- the MVNO started by former Gizmondo execs -- getting calls from the US Securities and Exchange Commission regarding their "conducting an informal inquiry relating to certain aspects of the company's business." For example, how they intend to pay back all those investors after a track record of pump and dump business scams? Something like that? Apparently Xero feigned innocence, shrugging off the initial inquiry, stating they are "unaware of the reason for the request," but apparently are preparing to cooperate voluntarily even though no formal investigation has begun. Oh sure, we have to give them credit for opening themselves up to SEC queries even though they're not yet formally indicted, but you'll have to forgive us if we're just a little skeptical about these guys, even when they claim to be showing their hand.