Omnicity Corp., known for bringing wireless broadband services to rural America, is on top of one of the biggest waves in telecommunications, the rapid expansion of broadband services outside of the traditional urban and suburban base areas.

It goes without saying that the communications industry is the nervous system of today’s economy, generating global annual revenues of nearly $2 trillion. North America remains the largest telecommunications market, with revenues of over $½ trillion. Much of this, of course, is due to the continued growth of the Internet. Worldwide, there are now nearly 1½ billion Internet users. Data-intensive Internet applications such as Voice-over-Internet Protocol (VoIP) and video are key drivers in the telecommunication industry’s growth, providing increased demand for high-speed broadband capabilities.

The number of broadband connections is increasing rapidly as vendors and consumers require the ability to share large files, download

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Liberty Global Inc. (LBTYA) declared mixed financial results for the third quarter of 2009. Quarterly total revenue of $2.82 billion was an improvement of 7% year-over-year and also better than the Zacks Consensus Estimate of $2.75 billion. This was primarily due to the fabulous growth of Telnet and J:COM operations, which provides broadband services in Belgium and Japan respectively.  Quarterly GAAP net loss was $120.3 million or 45 cents per share compared to a net loss of $308.9 million or $1.01 in the prior-year quarter. However, third quarter net loss from continuing operation was 22 cents per share, above the Zacks Consensus estimate of a loss of 20 cents. Quarterly cost of operation was $1,059.2 million, up 5.5% year-over-year.  Selling, General and Administrative expense was $523.8 million, up 2.4% year-over-year. Third quarter operating income was $463.8 million, up 13.6% year-over-year. During the reported quarter, Liberty Global generated $691.4 ...

Frontier Communications (FTR), a leading telecom operator in rural and suburban areas in the US, has reportedly received approvals from the Public Utilities Commissions of the states of California and Neveda and Public Service Commission of South Carolina for its impending acquisition of the rural fixed-line business of Verizon Communications (VZ). Moreover, the acquisition was recently approved by the shareholders of Frontier. The transaction is now subject to approval by the Federal Communications Commission (FCC) and other closing conditions and is expected to close during the second quarter of 2010. Verizon is divesting its rural fixed-line business (involving approximately 4.8 million access lines) in 14 states to Frontier under an agreement valued at approximately $8.6 billion. Under the deal terms, Verizon’s shareholders will receive approximately $5.25 billion in common stock of Frontier, equating to around 68% stake in the company. Moreover, Verizon will also ...

For Immediate Release

Chicago, IL – October 13, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: TriQuint (TQNT), Skyworks Solutions (SWKS), ANADIGICS Inc. (ANAD), RF Micro Devices (RFMD) and Becton, Dickinson and Co. (BDX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

TriQuint Launches New Solutions

TriQuint (TQNT) recently announced that it would launch new solutions for cable systems, microwave radio and optical networks to enable network operators meet the growing demand for broadband services more efficiently and economically.

Management stated that network operators expect to see

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TriQuint (TQNT) recently announced that it would launch new solutions for cable systems, microwave radio and optical networks to enable network operators meet the growing demand for broadband services more efficiently and economically. Management stated that network operators expect to see substantial increases in radio, optical and cable network traffic because of the growing popularity of home and mobile data applications. Operators are looking for cost effective ways to expand capacity while lowering operational expenses. Radio products and cable infrastructure are expected to grow at a compound annual growth rate (CAGR) of 10% through 2013. Fiber optic IC market CAGR is expected to double during this period and emerging 40Gb/s segment should lead growth with a projected 78% CAGR. Hence, TriQuint expects to place itself in a dominant position with new solutions to capitalize on the massive growth potential. Based in Hillsboro, OR, TriQuint ...

ERF Wireless, a leading provider of enterprise-class wireless broadband products and services, announced Friday that the company obtained FCC approval for 90 WiMAX 3.65-GHz transmission locations. These locations will provide broadband coverage for strategic domestic oil and natural gas development and production areas. These areas were targeted by ERF Wireless to enhance their technology, development, and growth within this sector. Specifically, this new technology is poised to make broadband services available to almost 30,000 square miles of additional energy exploration and production geography.

Mr. Mike Jones, CTO of ERF Wireless, stated, “We are excited about this deployment of WiMAX technology. It supports economical delivery of broadband services to business and industry in geographical areas that have been underserved. Since its introduction, the cost to deploy WiMAX has decreased rapidly while its capabilities have dramatically improved. We will rapidly expand this capability in the near term and will continue to

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Dr Stock Pick HOT News & Alerts!

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Friday September 25, 2009

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Hi-Shear Technology Corporation (NYSE Amex: HSR) today announced that its 2009 Annual Meeting of Stockholders, originally scheduled to be held at 10:00 a.m. on October 30, 2009, has been postponed indefinitely. The postponement was made in connection with the announcement, on September 16, 2009, that Hi-Shear Technology Corporation has entered into a definitive merger agreement with Chemring Group PLC (LSE: CHR), whereby Chemring will acquire Hi-Shear in an all cash transaction for $19.18 per share or approximately $132.0 million.

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Rural telecom operator Frontier Communications Corp. (FTR) reportedly submitted two applications for federal funding to expand its broadband network in West Virginia. The company has asked for a total of $55 million through Broadband Initiatives Program and Broadband Technology Opportunities Program as part of the American Recovery and Reinvestment Act (ARRA).

The US government sanctioned ARRA as an economic stimulus package earlier this year, allocating almost $7.2 billion for broadband and related infrastructure development in rural and underprivileged markets across the country.

Frontier provides telecommunication services both as an incumbent local exchange carrier (ILEC) and a competitive local exchange carrier (CLEC). The company filed one application for certain areas of West Virginia where it is authorized to operate as an ILEC and the other application for areas where it serves as a CLEC.

If sanctioned, Frontier will receive aggregate federal funding of $69 million for expanding broadband infrastructure

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Vodafone (VOD) UK has reportedly launched a converged fixed-mobile service (called "Vodafone One Net") yesterday for small and medium enterprises (SMEs) across the UK, helping them to more effectively manage their corporate communications. This follows the company’s successful launch of Vodafone One in June 2009 that offers bundled voice, data and fixed-line services for large businesses. Vodafone One Net, which was previously launched in Italy and Czech Republic, marks Vodafone UK’s entry in the lucrative communications market for SMEs in the UK, representing an approximate £8 billion market opportunity. The new combined service offers a single number for mobile and landline services, one voicemail number for all messages and one contract through a single service provider. Users can seamlessly switch between landline phones and their mobiles while in a call and will have the flexibility of paying a flat call rate per subscription for all calls. ...

Omnicity Corp. is a company based in Rushville, Indiana providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company plans to become a premier consolidator of rural market broadband nationwide.

Omnicity currently provides broadband access to more than 30 rural Indiana counties. The company began delivering broadband services to rural Indiana markets in 2003. They partner with local governments and rural electric cooperatives to bring broadband access to nearly 6,000 subscribers across the state.

Omnicity recently announced that it would expand its operations in Rushville, Indiana and add approximately 100 new jobs by 2012. These jobs would include customer service specialists, managers and field service personnel. The company currently employs 38 associates across its four Indiana facilities.

Omnicity is expanding its operations due to growing demand which stems from some recent acquisitions and new fiber optic construction contracts. The

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