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Thursday October 29, 2009

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be available

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AT&T Inc. (T) announced third-quarter 2009 results, with reported earnings per share of 54 cents beating the Zacks Consensus Estimate of 50 cents while declining from 55 cents reported a year ago. Net income fell 1.2% year over year to $3.2 billion on account of lower revenue. The results were highlighted by growth across wireless and U-verse video businesses. The second largest wireless carrier reported consolidated revenue of $30.9 billion for the quarter, down 1.6% year over year, largely due to lower wireline voice, legacy data and print advertising revenue, which offset growth in wireless and wireline data services. AT&T registered a net gain of 2 million wireless subscribers in the third quarter to reach 81.6 million total subscribers in service, up 9% year over year, driven by strong iPhone activations. This represents the largest third quarter addition in the company’s history. Retail postpaid additions for ...

Earlier today, Baker Hughes Incorporated (BHI) and BJ Services Company (BJS) received a request from the Antitrust Division of the Department of Justice for additional information (commonly known as a second request) regarding their proposed merger. Both companies intend to comply with the request promptly. Recently, Baker Hughes and BJ Services entered into a definitive agreement for a stock and cash merger, which represents a transaction value of $5.5 billion for BJ Services based on closing stock prices on Aug. 28, 2009. Post-merger, Baker Hughes shareholders will own approximately 72.5% of the combined entity, with BJ Services shareholders owning the rest. The Baker Hughes Board of Directors will be expanded to include two BJ Services Board members.   In addition to saving significantly on costs, shareholders of both companies get a more diversified oilfield services exposure. Baker Hughes expects to realize annual cost savings of approximately ...

Regional telecom operator Centennial Communications (CYCL) reported results for the first quarter of fiscal year 2010 with earnings per share (EPS) of 17 cents exceeding the Zacks Consensus Estimate of 15 cents and the year-ago EPS of 7 cents. The company reported net income of $19.5 million for the quarter compared to $7.5 million reported in the year-ago quarter driven by 8% year over year decline in operating expenses. Consolidated adjusted operating income increased 6% year over year to $107.2 million.  Revenue for the quarter, however, dipped 2% year over year to $258.9 million which reflects signs of slowdown across its US and Puerto Rican wireless operations, partly offset by growth in the Puerto Rican broadband business. Service revenue accounted for 95% of the consolidated sales with equipment representing the rest.    Centennial exited the quarter with 1,078,200 total mobile subscribers (overall retail penetration ...

U.S. District Judge Denny Chin has given Google Inc. (GOOG), the Authors Guild and the Association of American Publishers until Nov 9 to submit a fresh proposal to address the concerns put forward by the Justice Department.   The original agreement for $125 million was announced in October last year in response to separate lawsuits filed by the Authors Guild and the Association of American Publishers.   The Justice Department has said that the agreement raises legal concerns with respect to antitrust law, reduces competition among publishers (if Google gets exclusive rights) and opens the door to price escalation as a result of Google’s monopoly.   The Judge did not set a deadline for objections after the new agreement was tendered. However, he stated that only objections related to the changes made in the new agreement would be considered, as the previous agreement had already been considered and ...

For Immediate Release

Chicago, IL – September 16, 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: Hewlett Packard Co. (HPQ), Dell Inc. (DELL), Sasol Ltd. (SSL), AT&T (T) and Centennial Communications (CYCL).

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 Tuesday’s Analyst Blog:

HP: Notebook Follows Printers

Hewlett Packard Co. (HPQ) has now taken up the task of enhancing its notebook product line. The company has come up with new advanced gadgets in this segment.

Technology research firm IDC projects that the light-weight notebook market is expected to grow in

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Monsanto Corp. (NYSE: MON), the world’s largest seed maker, says it’s on track to more than double its 2007 profit by the year 2012 and is expecting a “technology explosion” to provide even stronger products going forward. But while Monsanto continues to build on its reputation as a cutting edge agricultural business, it is also under siege by competitors and advocacy groups who claim the company is a monopoly.

The St. Louis-based Monsanto said in June that its fiscal third-quarter earnings fell to $694 million, or $1.25 a share, from $811 million, or $1.45 a share, in the same period a year ago. Sales slipped to $3.16 billion from $3.54 billion last year. The company also said its annual earnings would likely be at the low end of its $4.40 to $4.50 a share forecast range.

That’s not very impressive for a company that last year posted record net sales

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The opposition against Google’s (GOOG) book digitization program is strengthening. The New York Times has come out with a story stating that Microsoft (MSFT), Yahoo! (YHOO) and Amazon (AMZN) have entered the fray. While Amazon management avoided comment, Microsoft and Yahoo expressed their dissension by joining an association called the Open Book Alliance. The obvious intention of the association is to increase pressure on the Justice Department, which is currently considering the case. The department is expected to award a decision on October 7. As it happens, the book deal affects different sections of the population. The first section comprises the competition, which is wary of Google’s prowess in the search market. Their fear is that Google will use information on what people read to further improve and strengthen its position in search. Therefore, their complaint is that the deal is anticompetitive....

President Obama’s recent budget trimming efforts show just how absurdly bloated the US government is. Obama is making a big deal about trimming the federal budget by $100 million – the so-called “$100 million savings challenge.” His cabinet outdid themselves. They responded with a plan to save $102 million – or 0.006% of the deficit!

When are these guys going to stop treating the rest of us like idiots? The amount saved covers just a few hours of interest on the federal debt!

To put all this nonsense in context, imagine your family budget. Let’s say your total income is $100,000 a year. But you have over $1,000,000 in outstanding debt. That means you have so much debt that your monthly interest payments take half of your gross income. That amount is growing every year. And you’re not putting a penny towards the principle.

That’s the government’s situation – they’re bankrupt. So what do

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Yesterday, Chilean airline operator Lan Airlines S.A. (LFL) posted positive operating results for the second quarter of 2009 despite a challenging environment around the world.

Total operating revenue was US$785.1 million, a 21.7% fall over the same period in 2008, representing a 10.1% year-over-year decrease in passenger revenues and a 43.4% decrease in cargo revenue. Quarterly operating income was US$34.9 million compared to US$85.3 million in the year-ago period and operating margin dropped to 4.4% from 8.5%.

The company reported an EBITDA of US$107.1 million during the quarter, representing a decrease of 27.4% year over year. EBITDA margin was 13.6% versus 14.7% in the second quarter of 2008. Quarterly net income amounted to US$4.2 million, compared to US$60.5 million in the year-ago period, a fall of 93.0%. The major reason for decrease was fuel hedge loss during the quarter.

During the quarter, Lan took delivery of 2 Boeing

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