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 ...

LM Ericsson Telephone Company (ERIC) reported earnings per share of 16 cents for the third quarter of 2009, exceeding the Zacks Consensus Estimate of 12 cents per share. Net sales in the third quarter were SEK 46.4 billion ($6.6 billion). Sales in the quarter decreased 4% year-over-year for comparable units, i.e. excluding Ericsson Mobile Platforms, and decreased 12% adjusted for currency exchange rate effects and hedging. The third quarter last year was comparatively strong with no normal seasonality. Sequential sales decreased 11%, negatively impacted by currency exchange rate effects, seasonality and a reduced scope of the renewed managed services agreement in Italy. Network sales in the third quarter declined year-over-year by 8%. Even though the comparison is tough with last year's strong third quarter, the market was weaker. The markets are fairly strong in the world's leading economies, while demand is weaker in several emerging ...

Cogo Group Inc. (COGO) reported second-quarter revenues of $73.6 million, an increase of 7.9%, compared to $68.2 million in the corresponding quarter last year.  The net revenue breakdown is as follows: $23.6 million, or 32.0% of total revenue for mobile handsets, similar to the year-ago quarter; $18.6 million, or 25.2% of total revenue for telecommunications equipment, representing a 6.9% decrease year over year; and $21.8 million, or 29.6% of total revenue for digital media products, similar to the prior-year quarter.   Income from operations was $2.3 million, down 60.5%, compared to $5.8 million in the year-ago period. Operating margin for the quarter was 3.1% versus 8.6% in the prior-year quarter.   Net income attributable to Cogo Group for the second quarter was $2.5 million or EPS attributable to Cogo Group of 7 cents on a U.S. GAAP basis, compared to net income attributable to Cogo Group of $6.5

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Shenandoah Telecommunications Company (SHEN) delivered double-digit surprises on earnings in both of the last 2 quarters. During the past 4 consecutive quarters, SHEN topped EPS estimates by an average of 8%.

< ?DART(15);?> Company Description

Shenandoah Telecommunications provides a broad range of telecommunications services through its operating subsidiaries. Its services include local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.

Strong Fundamentals

Shenandoah's dividend yield of 1.2% is ahead of the industry average as most of the company's peers pay no income.

The company has a solid balance sheet, showing a low debt to equity of 8%.

The company's earnings per share are expected to grow by 14% over the next 3 – 5 years, compared to the industry average of 10%.

Growth in the Third Quarter

In

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Shenandoah Telecommunications Co. (SHEN )is a solid Growth and Income pick. The company offers a dividend yield of 1.1%, while its industry peers pay virtually no income. The company's earnings per share are expected to grow by 14% over the next 3 – 5 years, compared to the industry average of 10%.

< ?DART(15);?> Company Description

Shenandoah Telecommunications provides a broad range of telecommunications services through its operating subsidiaries. Its services include local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.

Recent Acquisition

In early December, the company announced that it completed the acquisition of cable assets and customers in Virginia and West Virginia from Rapid Communications, LLC.

Growth in the Third Quarter

In early November, the Zacks #1 Rank (“strong buy”) company reported third-quarter results, noting that it

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Alcatel-Lucent (ALU) reported weaker than expected revenues for the third quarter of 2008 and its earnings were additionally hit by restructuring charges of 94 million and lower gross margins. We have reduced our revenue and earnings estimates for the remainder of 2008 and 2009 based on company guidance. For full year 2009, Alcatel-Lucent expects the market for telecommunications equipment and related deployment services to be down between 8% and 12% at constant exchange rate and expects to maintain a stable market share. As a result of the expected decline in volumes and given that the improvement in gross margin will only materialize towards the end of the year, the company's initial forecast is to achieve an adjusted operating profit around break-even in 2009. The company has progressed well in reducing adjusted operating expenses by 4.5% sequentially and 9.6% year over year. We continue to

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Shenandoah Telecommunications Co. (SHEN) is seeing bullish forecasts for the new year. Analyst estimates for 2009 earnings of $1.19 per share were increased by 16% over the past 60 days.

< ?DART(15);?> Company Description

Shenandoah Telecommunications provides a broad range of telecommunications services through its operating subsidiaries. Its services include local and long distance telephone, Internet and data services, cable television, wireless voice and data services, alarm monitoring, and telecommunications equipment, along with many other associated solutions in the Mid-Atlantic and Southeastern United States.

Recent Acquisition

The company recently announced that it completed the acquisition of cable assets and customers in Virginia and West Virginia from Rapid Communications, LLC.

Growth in the Third Quarter

In early November, the Zacks #1 Rank (“strong buy”) company reported third-quarter results, noting that it delivered solid performance despite the economic environment.

Net income from continuing operations totaled $7.4 million, versus the year-prior $6.1 million. Total revenues reached

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Cadence Design Systems, Inc. (CDNS), headquartered in San Jose, California, is a leading provider of electronic design automation (EDA) software that chipmakers use to design their integrated circuit (IC) components. Its solutions are used for designing semiconductors, networking and telecommunications equipment, computer systems, consumer electronics, and a host of other electronics-based products.

Cadence appears to be in big trouble as the company's CEO resigned unexpectedly amid mounting financial problems and disappointing results. The company reported lower-than-expected Q308 results hurt by restructuring charges and lower product revenues. Moreover, Cadence has again lowered its guidance for the full year of 2008.

We have lost confidence in the company's ability to survive in the market and show healthy fundamentals. Cadence has been losing share to Synopsys, Inc. (SNPS) and is struggling through a downturn in the semiconductor cycle. Cadence also withdrew its bid for Mentor Graphics earlier in the year, further dimming its

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Bookham, Inc., a leading provider of optical components, modules and subsystems, said today that it was awarded the Excellent Core Partner Award from Huawei. Huawei is a global leader in the manufacturing of telecommunications equipment. Bookham President and CEO, Alain Couder, accepted the award on the company’s behalf at Huawei’s 2008 Core Partner Convention.

Huawei’s management complimented Bookham, stating, “We are pleased to give the 2008 Excellent Core Partner Award to Bookham as they have been a core optical component and module supplier to Huawei for many years. We are very pleased with Bookham product performance, the delivery, the service and the support, and we expect to strengthen the cooperation between the two companies.”

This award is the fourth vendor recognition award received by Bookham from Huawei in the last few years. It shows that Bookham is a reliable, high quality provider in terms of performance, product durability,

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Headquartered in Oakland, California, Zhone Technologies Inc. is a provider of advanced telecommunications equipment. They offer their customers a wide variety of access and transport networking solutions. These solutions enable services such as residential and commercial broadband, VoIP, IPTV, and Ethernet. Trading on the NASDAQ Global Market, Zhone Technologies has over 700 customers on six continents. Senior executives of Ascend Communications founded Zhone Technologies Inc. in 1999 and the Company incorporated in Delaware in June of that year.

Zhone Technologies’ converged access platform improves network capabilities and reduces costs. Their platform allows operators to deploy premium services quickly on their existing copper and fiber infrastructure. It also provides operators a smooth path to an all Internet Protocol (IP) network. The Company achieves this with their MALC Broadband Loop Carrier. The MALC delivers voice, data, and video services over a pure packet access network. The MALC also gives carriers the flexibility to

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