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Cogo Group Matches Estimates – Analyst Blog

Zacks Market Commentaries — Mon, 16 Nov 2009 15:30:02 +0000

Cogo Group Inc. (COGO) reported third quarter 2009 earnings per share of 12 cents, matching the Zacks Consensus Estimate. The company posted quarterly revenue of $82.0 million, a year-over-year increase of 9.7%.

Industrial applications business generated revenues of $11.1 million, or 13.5% of total revenue, representing a 259.6% year-over-year increase, from industrial solutions targeted at the electrical grid and other sectors. Digital media revenue was $49.4 million, or 60.2% of total revenue for end-markets. Telecommunications equipment revenue was $20.3 million, or 24.7% of total revenue, representing a 9.4% decrease year-over-year. The company’s service business contributed $1.3 million in net revenues for the quarter and accounted for approximately 1.6% of total net revenue.

Gross margin for the quarter increased to 14.4%, compared to 13.8% reported during the third quarter of 2008. The increase in gross profit margin was due to increased revenue in industrial business end-market, which generally had a higher gross margin realization than that of the digital media and telecommunications equipment end-markets.

Operating income was $2.6 million as compared to $0.1 million for the prior-year quarter. Operating margin for the quarter was 3.2% versus 0.2% for the third quarter of 2008.

Net income attributable to Cogo Group for the reported quarter was $3.4 million.

As of Sep 30, 2009, cash was $101.5 million, up $0.5 million from $101.0 million at Jun 30, 2009. Current ratio stands at 4.6 to 1. The company had bank borrowings of $14.0 million. Total equity was $223.1 million as of Sep 30, 2009, an increase of 3.3% from $215.9 million as of Jun 30, 2009. Shareowners’ equity was $221.9 million.

Cogo Group Inc. is a leading provider of customized module and subsystem design solutions in China. The company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Cogo leverages these relationships and combines their IP to create designs that Cogo then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Cogo focuses on mobile handsets, telecommunications equipment, digital media and industrial applications end-markets for their customized design modules. Major competitors are Arrow Electronics Inc. (ARW), Avnet Inc. (AVT) and Oclaro Inc. (OCLR).
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XRX, PWRM, ABT, CSRH, CMCSA, CVAT, FMCN, DrStockPick.com Stock Report!

Dr. Stock Pick — Mon, 28 Sep 2009 16:34:01 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday September 28, 2009 DrStockPick.com Stock Report! XRX, PWRM, ABT, CSRH, CMCSA, CVAT, FMCN ************************************************************** XRX, Xerox Corp. XRX engages in the development, manufacture, marketing, servicing, and financing of document equipment, software, solutions, and services worldwide. XRX said Monday it will buy Affiliated Computer Services Inc. for $6.4 billion [...]

Cogo’s New Growth Driver – Analyst Blog

Zacks Market Commentaries — Fri, 25 Sep 2009 17:09:00 +0000

Cogo Group, Inc. (COGO) announced a series of module design wins within multiple Smartphone and Smartbook products on both Windows Mobile and Android platforms.

The company's initial wins include blue chip Chinese handset vendors such as Huawei and ZTE, and it expects to secure contracts with other domestic China handset vendors as well. Cogo expects to begin recording small amounts of revenue from these contracts in the third quarter of 2009, with sales ramping up through the end of 2009 and into 2010.

As with the mainstream market, Cogo's current Smartphone designs are mainly based on the Windows Mobile platform. The company expects to unveil an Android product in the fourth quarter of 2009. Since Windows Mobile and Android are broadly-accepted platforms in the global market, it will help Cogo's customers expand their export business.

The company continues to experience growth in its combined digital media and handset business and has good visibility with design wins for new features and applications, including modules for motion sensors and the expected ramp-up of 3G and CMMB (China's mobile TV standard).

Cogo Group is a leading technology platform service provider of customized module and subsystem design solutions in China. The company believes it acts as a proxy to China's technology industry, as it works with virtually all the major ODMs and OEMs in China. Major competitors include Arrow Electronics Inc. (ARW), Avnet Inc. (AVT) and Oclaro Inc. (OCLR).

Read the full analyst report on "COGO"
Read the full analyst report on "ARW"
Read the full analyst report on "AVT"
Read the full analyst report on "OCLR"
Zacks Investment Research

DrStockPick.com Stock Report! 9/24/09, PX, TXI, VSAT, IDTI, MNRO

Dr. Stock Pick — Thu, 24 Sep 2009 17:40:25 +0000

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QualityStocks — Tue, 25 Aug 2009 13:21:32 +0000

Gen2Media Corp., a full-service digital media, technology and marketing company, today gave an update on the impressive growth and demographic of its online audience. The company announced that its video network has topped more than 5 million Internet visitors, up 920 percent from 500,000 in January of 2009. Gen2Media launched its video publishing solution in [...]

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DIVX, ASFX, DrStockPick Watch List! for Thursday August 20, 2009, DivX Inc. and American Scientific Resources Inc, ASFX.PK

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DIVX, DivX Inc. ASFX, American Scientific Resources Inc, ASFX.PK DrStockPick Watch List! DrStockPick Watch List! for Thursday August 20, 2009 My Picks for Thursday August 20, 2009 are: ************************************************************** DIVX, DivX Inc. DIVX, a digital media company, engages in the creation, distribution, and licensing of digital video technologies to enhance consumers media experience. DIVX primarily offers a video compression-decompression [...]

Players Network (PNTV.OB) Announces Agreement with Horse Racing Simulation LLC

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Stock-PR Reports IDTI, TSM, CPKI August 6, 2009

Stock-PR — Thu, 06 Aug 2009 12:20:07 +0000

IDTÂ® (Integrated Device Technology, Inc.) (NASDAQ:IDTI), a leading provider of essential mixed signal semiconductor solutions that enrich the digital media experience and Taiwan Semiconductor Manufacturing Company (TWSE:2330) (NYSE:TSM), today announced they have entered into an agreement to transfer product fabrication processes and related activities currently running in the IDT Hillsboro, Oregon facility to TSMC foundries. About [...]

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Dr. Stock Pick — Mon, 03 Aug 2009 17:18:04 +0000

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USA Video Interactive Corp. (USVO.OB) Announces Appointment of Bruce M. Goedde, Jr. to the Company’s Advisory Board

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QualityStocks — Fri, 27 Mar 2009 13:58:25 +0000

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QualityStocks — Fri, 06 Mar 2009 18:23:27 +0000

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Headquartered in Santa Clara, California, Sonic Solutions develops and markets computer software related to digital media for consumer and professional end users. Founded in 1986, and trading on the NASDAQ, their software and services enable the creation, design, management, and delivery of data, photographs, audio, interactive features, and video in digital formats. They enable this [...]

DigitalPost Interactive, Inc. (DGLP.OB) Announces Second Quarter 2008 Results

QualityStocks — Mon, 18 Aug 2008 18:49:23 +0000

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