Windstream Corp. (WIN), a leading rural telecom carrier, reported operating results for the third quarter with adjusted earnings per share of 24 cents, exceeding the Zacks Consensus Estimate of 21 cents. Adjusted EPS excludes one-time items such as restructuring charges, merger and integration costs and non-cash pension expense.   Reported net income of $80 million (18 cents a share) reflects a 24% year-over-year decline on account of lower revenues, which declined 8% year over year to $734 million.  Service revenues fell 5% year over year to $704.9 million while product revenues declined 44% to $29.4 million. Average monthly service revenue per customer remained stable year over year at $79.99. Operating income declined 17% year over year to $225.4 million.   Windstream continues to experience steady decline in its fixed-line business given the rapid customer migration to cellular services. Total access lines declined by roughly 27,000 lines in the quarter

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CenturyLink (CTL), formerly CenturyTel Inc, announced third-quarter 2009 results with adjusted (excluding non-recurring items or non-GAAP) earnings per share of 90 cents beating the Zacks Consensus Estimate of 81 cents. Non-recurring items includes integration costs associated with the Embarq acquisition (completed on Jul 1, 2009).  Adjusted net income surged to $269.1 million from $82.8 million registered in the year-ago quarter, driven by the contributions from Embarq. Reported net income (GAAP) of $280.8 million or 94 cents per share, reflects an increase from $84.7 million or 83 cents per share registered a year ago.  Revenue: The company reported operating revenue of $1.87 billion, a significant increase compared to $650 million reported a year ago, fuelled by the Embarq acquisition which contributed $1.3 billion in the quarter. Revenues for voice, network access and data services increased compared to the year-ago quarter.  Subscriber Total access lines at the ...

Omnicity Corp wants to be rural America’s premier telecommunications and broadband Internet Service Provider. The company has developed a business model that has proven successful in thousands of rural Indiana homes, providing high-speed Internet service on a mass basis at a lower cost and more efficiently than wire or fiber optic solutions. With this model in hand, Omnicity is now growing rapidly through acquisitions with the goal of capturing the underserved and unserved rural and small town markets throughout America.

The majority of rural homes do not yet have access to broadband service. Cable is often unavailable, and DSL service is usually limited to urban/suburban areas. Traditional dialup service is simply no longer a viable solution, due to the growing audio/video content of the Web. Omnicity estimates that there are currently over 40 million homes, businesses, and other users in the

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Comcast Corp. (CMCSA) today reported its third quarter results. Net income was $944 million or 33 cents, compared to $771 million or 26 cents in the prior-year quarter. The company’s adjusted (excluding tax benefit and one time financing charges) EPS stood at 28 cents, well above the Zacks Consensus Estimate of 25 cents. Effective expense control and working capital management were the primary reasons for this solid performance.  Total revenues were $8.8 billion, up 3% year over year and mostly in line with the Zacks Consensus Estimate. Top-line growth was mainly attributable to the strong performance of both Cable and Programming segments.   Gross margin in the third quarter was 60.3%, compared to 60.9% in the year-ago quarter. The operating margin was 37.8% in the reported quarter, remains same year over year. For the third quarter, Comcast declared the dividend of $0.07 per common share, compared to $0.06

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Frontier Communications (FTR) announced third quarter results with adjusted (excluding acquisition and integration costs) earnings per share of 18 cents, exceeding the Zacks Consensus Estimate of 16 cents. Net income increased 11% year over year to $52.2 million, primarily due to gain on debt repurchases and higher operating income that increased 5% year over year to $172.5 million.   Revenues Remains under Pressure    The company reported revenues of $526.8 million, reflecting a 6% decrease over the year-ago quarter. The year-over-year decline is attributable to lower local, long-distance and switched access revenues coupled with decline in basic access lines. However, this was partially offset by increases in data and Internet service revenues.   Revenues for local services declined 8% year over year to $193.6 million while data and Internet services revenue increased 4% to $160 million. Switched access service revenues declined 8% year over year to $91.2 million

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Omnicity Corp. provides broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company aims to be the premier consolidator of rural market broadband nationwide. Leveraging management expertise, Omnicity’s strategy is to provide a total broadband solution and continue rapid growth through acquisitions, organic growth and partnerships with Rural Electric Municipal Cooperatives and Rural Telephone Companies.

The company’s target markets are locations better suited to wireless transmissions than traditional hard-wire operators. It has been estimated that at least 40 million rural and small market homes, businesses, government agencies and schools have inadequate high-speed Internet service, representing a large growth opportunity.

Building a nationwide wireless network, Omnicity will be able to deliver high-speed Internet access to rural subscrib¬ers more cost-effectively than traditional cable or fiber optic models since hard-wire systems are gener¬ally much more expensive to build than wireless networks. Reduced network

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After an explosion of computer usage in the early part of this decade, the computer world stayed relatively the same. That is until the last couple years when social networking came onto the scene and names such as MySpace, Facebook, and Twitter gained tremendous popularity. Entrepreneurs, investors and many others are now realizing the incredible potential of this new frontier and are actively seeking for ways to take advantage of the incredible growth.

The investment frenzy for these new ideas began when Twitter raised its fourth funding round, a $35 million investment that valued the company at $250 million. With more and more individuals subscribing to high-speed internet services, a growing number of mobile devices capable of full Web browsing, and new Web technologies enabling instant transmission of data, there’s no way to measure the potential of this new market sector being

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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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GATX Corporation (NYSE:GMT) today announced that Rhonda S. Johnson, director of investor relations, will present at the Longbow Research Second Annual Industrial Products Conference in New York on Thursday, September 10, 2009. The presentation will include an overview of GATX’s operations.

Concurrent (Nasdaq: CCUR), a worldwide leader in video and

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TriQuint Semiconductor, Inc. (TQNT) yesterday announced the acquisition of TriAccess Technologies. TriAccess is a leading provider of Cable TV and Fiber-to-the-Premise (FTTP) integrated circuits for the amplification of high-quality multimedia content. TriQuint is serving as TriAccess’ foundry supplier. Management believes that TriAccess’s product portfolio for the Cable TV and FTTP markets will accelerate TriQuint’s foray in these markets. Cable and telecom operators are competing to provide the consumer with triple-play services (Internet, video and voice) and are therefore upgrading their networks to accommodate larger bandwidth needed for high-speed Internet, multiple HDTV streams, and applications such as Video-on-Demand. These services require RF components that provide higher bandwidth, better linearity, lower noise, reduced power consumption and higher integration at a lower cost. Other terms of the acquisition were not disclosed. In conjunction with this transaction, the Board of Directors approved issuance of 170,300 stock options to ten former ...