Telefonica (TEF) reported third-quarter 2009 results with earnings per ADS of US$1.88, comfortably beating the Zacks Consensus Estimate of US$1.49. The Spanish telecom giant reported net income of €1.99 billion (US$2.85 billion), down 0.6% year over year, due to lower sales as a result of the beleaguered economy, especially in Spain. Revenue Consolidated revenue fell 5.7% year over year to €14.1 billion (US$20.2 billion). Revenue was impacted by weak contributions from domestic and European markets due to the recession. Latin America contributed 40% of the group revenues followed by Spain at 35% and Europe at 25%. Result by Segments Telefonica Espana The company’s Spanish revenue declined 8.9% to €4.9 billion (US$7 billion), impacted by a reduction in mobile termination rates (inter-operator fees) and the economic downturn. Wireline business revenues fell 9.4% year over year to €2.9 billion (US$4.1 billion) while revenue from wireless ...

America Movil (AMX) reported results for third-quarter 2009 with earnings per ADS of 86 cents edging past the Zacks Consensus Estimates of 85 cents while increasing 22.6% from the year-ago earnings per ADS of 70 cents. Net profit surged 50.6% year over year to 18.7 billion pesos (US$1.4 billion) or 0.57 pesos per share. This healthy growth was fuelled by higher revenue and lower financing costs which fell 82.5% year over year due to gains stemming from favorable exchange rate swings.  Revenue & EBITDA Latin America’s largest wireless carrier continues to register a double-digit revenue growth as evident from the 16.9% year over year increase in consolidated revenue in the quarter to 99.8 billion pesos (US$7.5 billion), driven by 19.5% growth in service revenue. Revenue growth was supported by healthy business momentum across 3G wireless and broadband Internet businesses.  Consolidated EBITDA for the quarter was 40.4 ...

AT&T Inc. (T), the second largest US wireless carrier, announced the availability of netbooks and laptops from Dell Inc. (DELL) for small businesses.

Customers from small businesses across the US now have access to these premium devices that exclusively use AT&T's 3G wireless technology. The devices include Dell Inspiron Mini 10 netbook and Dell Vostro 1520 laptop.

AT&T is increasingly focusing on extending its 3G wireless capabilities from smartphones to a wide range of emerging devices in order to expand the market penetration of its 3G data services. In July 2009, the company launched several embedded netbooks and laptops from industry-leading manufacturers, such as Hewlett Packard (HPQ), Acer and Panasonic, targeted exclusively to increase connectivity for small businesses.

Carriers across the globe are aggressively selling netbooks and associated data plans in order to boost data usage and revenue. Industry estimates reveal that worldwide shipment of netbooks reached 11.6 million

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For Immediate Release

Chicago, IL – October 14, 2009 – Zacks Equity Research highlights VimpelCom (VIP) as the Bull of the Day and Rite Aid Corporation (RAD) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Johnson & Johnson (JNJ), Elan Pharmaceuticals (ELN) and Gilead Sciences, Inc. (GILD).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

We reaffirm our Outperform recommendation for VimpelCom (VIP), Russia's second largest cellular carrier with over 25% market share. Reported earnings in the last quarter outpaced the Zacks Consensus Estimate, driven by foreign exchange gains.

We continue to be intrigued by VimpelCom's successful sales growth trend and its ability to retain subscribers on a recurring basis, even as overall economic factors remain weak. The company is also progressing

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We reaffirm our Outperform recommendation for VimpelCom (VIP), Russia's second largest cellular carrier with over 25% market share. Reported earnings in the last quarter outpaced the Zacks Consensus Estimate, driven by foreign exchange gains.

We continue to be intrigued by VimpelCom's successful sales growth trend and its ability to retain subscribers on a recurring basis, even as overall economic factors remain weak. The company is also progressing well in expanding its 3G wireless and residential broadband network deployments, as reflected by healthy subscriber accretion in the last quarter.

Additionally, the ongoing expansion initiatives into emerging Asian markets (including Cambodia and Vietnam) are expected to boost opportunity in wireless, given the lower mobile penetration levels in these regions.Zacks Investment Research

Verizon (VZ), the largest US wireless carrier, has increased its quarterly dividend by 3.3% to 47.5 cents per share, equating to approximately 6.3% yield. Annualized, this increases the company’s dividend to $1.90 per share, reflecting 6% growth from the current dividend of $1.84 per share. The quarterly dividend is payable on November 2, 2009, to the shareholders of record as of October 9, 2009. This represents the third consecutive year Verizon has increased its dividend payout in September. The wireless giant raised its quarterly dividend by 7% in September 2008 to 46 cents per share, increasing annual payout by 12 cents per share to $1.84 per share. Verizon remains committed to offer incremental returns to its shareholders leveraging  a heathy free cash flow (cash flow from operations minus capital expenditures). The company reported free cash flow of $6 billion in first-half 2009, reflecting a $1.8 billion ...

As expected, Nokia (NOK) finally confirmed its entry into the netbook segment. The netbook named “Nokia Booklet 3G" will have a 10 inch screen, WiFi, Bluetooth, GPS and 3G Wireless access. Most importantly the netbook will run on Microsoft (MSFT) windows and Intel’s (INTC) Atom processor.   This shows the company’s intention to increase its product portfolio and enter the computer segment. We believe this is a counter move by Nokia, a reply to computer manufacturers’ decision to enter the smart phone space. The netbook market is growing very fast and has number of players including Hewlett-Packard (HPQ), Lenovo, Acer and Asus. This could signal a battle between computer/laptop manufacturers and mobile phone manufacturers as each one is trying to venture into another’s business.   Netbooks are internet devices, which fall in between smart phones and laptops. So, a natural progression for the smart phone makers

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DrStockPick.com Stock Report!

Thursday July 30, 2009

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Digital Angel (NASDAQ:DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that it plans to issue its second quarter 2009 financial results for the period ended June 30, 2009, on Thursday, August 6, 2009, at approximately 8:00 a.m. ET. The Company will hold a conference call to discuss the results at 10:00 a.m. ET that same day. Interested participants should call (866) 393-5807 within the United States and Canada, or (706) 679-2276 internationally. Please use passcode 22213711.

Intermec (NYSE:IN) today announced that the CN50 rugged mobile computer, equipped with Qualcomm technology, is now shipping to customers worldwide.

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Telefonica (TEF) reported its second quarter 2009 results today with net income of €1.93 billion ($2.6 billion), down 6.1% year over year while exceeding market consensus. The Spanish telecom giant reported earnings per share of €0.42 ($1.73) for the quarter, beating the Zacks consensus estimate of $1.62. The company reported second quarter revenue of €13.9 billion ($18.9 billion), down 2.6% year over year, which was below Zacks' expectation. Revenue and profitability for the quarter was impacted by weak contributions from European markets due to deteriorating economic conditions. Latin America contributed 40% of the group revenues followed by Spain with 35% and Europe with 24%. Operating income declined 2.8% year over year to €5.6 billion ($7.6 billion). At the end of the June quarter, total customer access points reached approximately 264 million, up 7.6% year over year, with a net addition of 2.6 million. Subscriber accretion ...

Verizon - Net Dips, Alltel Boosts Topline   Verizon (VZ), the largest US wireless carrier by subscribers, reported results for the second quarter of 2009 on Jul 27, 2009. Results were highlighted by healthy gains across strategic growth areas such as wireless, broadband Internet and video. Reported revenue came in line with consensus and our expectations increasing 11.3% year over year to $26.9 billion, driven by contribution from Alltel Corp acquired in early 2009. However, reported earnings per share (EPS) attributable to the company fell short of our estimates, declining 21.2% to $0.52 from $0.66 reported in the year ago quarter, largely due to rising costs and declining wireline businesses. On an adjusted basis, EPS fell to $0.63 from $0.67 registered in the prior-year quarter, beating the consensus. Total wireless revenue increased 27.7% year over year to $15.5 billion (58% of the total revenue), increasing 29.6% ...