JDS Uniphase Corp. (JDSU) reported a loss of 15 cents per share for the first quarter, wider than the Zacks Consensus Estimate of loss of 4 cents per share.   Net revenues were $297.8 million, compared to net revenues of $273.1 million for the prior quarter and net revenues of $273.1 million for the year-ago quarter.   Non-GAAP net revenues were $298.6 million, which includes $7.5 million from the acquisition of the Storage Network Tools business, increased 9% when compared to the previous quarter and decreased 21% when compared to the first quarter of fiscal 2009.

Communications Test and Measurement revenues of $143.4 million increased 8% from the previous quarter and decreased 11%, compared to the first quarter of fiscal 2009. Revenues from this segment represented 48% of total non-GAAP net revenues.

Communications and Commercial Optical Products revenues of $101.1 million increased 12% when compared with the previous quarter and decreased

...

OVERVIEW Inherently, big defense contractors are expected to eliminate jobs as the Pentagon has lowered spending on traditional weapon systems, while smaller, niche companies may accelerate hiring as the United States garners resources to protect ground troops and strategic computer networks. Industry pioneer Lockheed Martin Corporation (LMT) aims to reduce 600 jobs as a result of the US Defense Department's decision to terminate the VH-71 presidential helicopter program. The Boeing Company (BA) hinted that Pentagon cuts would claim 1,000 jobs in its defense business, affecting staffing at various work sites in the United States in missile defense and in the Army's Future Combat Systems modernization program, which is now being opened to more competition. The large commercial aircraft sector is expected to generate most of its revenue from Asia Pacific Japan (APJ) and the Middle East, relying less on U.S. orders because of the ...

Fonix Corp., through its Fonix Speech Inc. wholly-owned subsidiary, is an innovative speech recognition and text-to-speech technology company providing voice solutions for mobile/wireless devices, interactive video games, computer telephony systems, toys and appliances, as well as automotive telematics.

The company announced today that nearly ten million electronic dictionaries and cell phones equipped with Fonix technology have been sold internationally through Asia’s largest OEMs (original equipment manufacturers) into China, Taiwan, Korea and Japan.

The e-dictionaries – handheld electronic dictionaries that enable users to speak a word in their native language and have the text read back to them in English – span well-known brands like Casio, Canon, Seiko, Inventec Besta and Brilliant Systems. Fonix implements either text-to-speech, voice recognition, voice compression or a combination of these technologies in the devices.

By far the longest running and most successful items, Casio e-dictionary devices have logged more than 4.9 million units sold in Japan, Korea

...

As an engineering-focused EMS player and a leading provider of electronic manufacturing services (EMS) to original equipment manufacturers (OEMs), we believe Plexus Corp. (PLXS) is well positioned to benefit from the increasing trend of outsourcing at the medical, industrial and defense/aerospace OEMs. Revenue growth at Plexus has been above expectations, with a growth of 19.1% in 2008, above its target of 15.0% to 18.0%. Deriving more than 50% of its business from high-margin, high-growth markets such as defense/security/aerospace, medical and industrial, the company expects to increase revenue from the current $1.8 billion in fiscal 2008 to $3.0 billion by fiscal 2013. Plexus provided encouraging fourth quarter of 2009 guidance and expects revenue in the range of $380.0 – $405.0 million and earnings in the range of 27 cents to 32 cents. Looking ahead, the company expects modest sequential top-line growth in the first quarter of ...

Arrow Electronics (ARW) recently agreed to sell its $300 million aggregate principal 6% notes due Apr 1, 2020. The company expects to close the transaction on Sep 30, 2009. Management plans to use the proceeds for general corporate purposes and for the repurchase of its existing 9.15% Senior Notes due 2010.

Earlier, the company commenced a fixed price cash tender offer for its outstanding $200 million aggregate principal 9.15% Senior Notes due 2010. The company is offering cash for the principal and interest due on the notes.

The company generated $300 million of cash from operating activities in the second quarter of 2009. As of Jul 4, 2009, the company had a total debt of $1261.0 million and cash and equivalents of $908.4 million.

The company reported weak results for the second quarter due to the weakening demand. Electronic distributors have been hit hard by the global slowdown, which continues to

...

Skyworks Solutions (SWKS) is well positioned to benefit from recent trends in the handset market, which are favorable for increasing dollar content for RF (radio frequency) components. There is a significant growth opportunity in the handsets markets propelled by the launch of 3G networks in China.

The company has tie-ups with major OEMs (original equipment manufacturers) that underscore its success in gaining market share. The company is also making good progress in the linear business with WLAN wins at Intel and Broadcom.

Results for the June quarter were better than expected, with earnings per share beating the Zacks Consensus Estimate. Management provided a strong forecast for the coming quarter. Our long-term recommendation for Skyworks is Outperform.Zacks Investment Research

The construction and equipment manufacturers Caterpillar Inc. (CAT) and Terex Corp. (TEX) received contracts from the Defense Logistic Agency this week. The Pentagon announced that Terex received a $5.6 million contract from the agency for a rock crusher jaw plant, while Caterpillar received two contracts, one for providing adverse terrain forklifts and the other for dump trucks. The contracts are worth approximately $14 million and $6 million, respectively. Currently, both companies are experiencing weak demand for their products. Caterpillar reported a year-over-year sales decline of 32%, while Terex’s sales were down 51% during the first half of 2009. Uncertainty surrounding the global economic recovery is leading to low activity levels in the construction, mining and other end markets. This is leading to cancellation or rescheduling of orders in these businesses. We do not expect to see substantial recovery in any of these markets for ...

DIAS Holding Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. One of the company’s major subsidiaries is Asia Forging Supply Company which manages outsourced procurement of finished and semi-finished components and sub-assemblies from China and elsewhere in Asia.

The company said today it expects to see an “inevitable recovery” in its world market revenues to near “pre-automotive market crash levels” as its last quarterly report has demonstrated a quarter on quarter improvement in total sales. DIAS Holding’s sales topped $14.4 million in 2008 before turmoil in the world automotive sector caused the company to experience what it now believes was a temporary slowdown in total revenues.

Another of the company’s subsidiaries, Detroit International Auto Salon, allows Asian companies to display capabilities and to quote manufacturing orders to original equipment manufacturers (OEMs) in the US. The company anticipates the US government’s

...

Water, water everywhere… and not a drop to drink.  Though the earth is 70.8% water, only 2.5% is potable freshwater, the majority of which can be found only in glacial ice.

This leaves less than 1% of the world’s water supply for its 6.87 billion human inhabitants, crops, and livestock.

Even worse, our tiny portion of the world’s water is becoming increasingly polluted and is consumed at unsustainable rates.

Fortunately, Paris based Veolia Environnement (NYSE: VE) has everything it takes to help us avoid the looming global water shortage and pad our portfolio.

With operations in 66 countries, Veolia provides water and wastewater management, transportation, and energy services to countries in desperate need of fresh water.

In fact, Veolia operates in all five countries considered to have the most potential for growth in the water and wastewater industry. And with roughly 20% of the world’s population, China is at the top of this list.

Currently water pollution

...

Veolia Environnement SA (NYSE: VE): Stock of the Day

Judith Martin, The Investment U Research Team

Water, water everywhere… and not a drop to drink.

Though the earth is 70.8% water, only 2.5% is potable freshwater, the majority of which can be found only in glacial ice.

This leaves less than 1% of the world’s water supply for its 6.87 billion human inhabitants, crops, and livestock.

Even worse, our tiny portion of the world’s water is becoming increasingly polluted and is consumed at unsustainable rates.

Fortunately, Paris based Veolia Environnement (NYSE: VE) has everything it takes to help us avoid the looming global water shortage and pad our portfolio.

With operations in 66 countries, Veolia provides water and wastewater management, transportation, and energy services to countries in desperate need of fresh water.

In fact, Veolia operates in all five countries considered to

...