Yesterday, after market close, Brightpoint Inc. (CELL) declared solid financial results for the fourth quarter of 2009. Quarterly GAAP net income was $19.3 million or 24 cents per share compared to a net loss of $343.4 million or $4.35 per share in the prior-year quarter. Adjusted (excluding special items) EPS in the fourth quarter 2009 was 21 cents, significantly above the Zacks Consensus Estimate of 15 cents. This was primarily due to effective cost management strategy adopted by management.   Quarterly total revenue of $905.6 billion was down 6% year-over-year but was an improvement of 4% sequentially. Fourth quarter revenue of $905.6 million was also below the Zacks Consensus Estimate of $919 million. The year-over-year decrease in revenue was due to the fall in revenue for both the Distribution and Logistic Services segments. In the fourth quarter 2009, segment wise, Distribution revenue was $855.6 million, down 4.1% year-over-year....

Brightpoint Falls Below Revenue Expectations Brightpoint Inc. (CELL), a leading distributor of mobile devices and logistic services to the wireless industry, declared preliminary estimates of its second quarter 2009 financial results. The company’s revenue projection of $722 million - $727 million is significantly below our expectation of $770 million.

We believe the global macro economic slowdown had a major impact on Brightpoint’s operational volume. Management has indicated that the company managed approximately 18 million-19 million mobile devices during the second quarter, which remains almost flat with respect to the previous quarter.

We expected around 22 million of wireless devices during the same quarter prompted by the solid global customer base of the company. Brightpoint has entered into agreements with large telecom carriers and handset makers, such as like Research In Motion (RIMM), HTC Corp, Garmin Ltd (GRMN), ZTE, Nokia (NOK), Verizon Wireless (VZ) and T-Mobile

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L-3 Communications Holdings Inc. (LLL) has just received a $23 million order from the U.S. Marines and been upgraded in Zacks' most recent report.

L-3 Communications provides several defense related government agencies with various reconnaissance and intelligence systems, amongst other systems and services. The company is based out of New York, has over 64,000 employees, and carries a market cap of nearly $12.5 billion.

Steady Supply of Military Contracts

On September 11th the military contractor announced a $23.2 million order to provide the U.S. Marines with 600 video devices. The mobile video systems are designed to give soldiers real-time video up dates from unmanned patrol vehicles. The video will be fed laptop taken into the battlefield to aid in tactical decisions.

L-3 also signed a contract with the Navy to produce new wing for P-3 aircraft, for $60.6 million. This is in

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