China Wi-Max Communications, Inc., a Denver, Colorado-based telecommunications company formed to exploit the booming Chinese broadband market, has announced a comprehensive strategy to leverage its network foothold in Beijing.

The Founder and Chairman, Dr. Allan Rabinoff, said he was pleased to announce this offering of wireless broadband to customers in Beijing and that the initiative would be led by President and CEO Steven T. Berman. Rabinoff went on to say that Mr. Berman would “play a critically important role in the successful execution of our growth strategy.”

Mr. Berman brings his vast 20 years of business and legal experience in many aspects of telecommunications to bear in executing this bold new strategy. Mr. Berman is a bar-certified attorney, having received his Doctorate at the University of Wisconsin Law School in 1987, and has diverse background experience as a practicing attorney.

Mr. Berman was appointed President and CEO 8 months ago, and

...

Yesterday, ADC Telecommunications Inc. (ADCT) declared third-quarter results after market close. Total revenue rose 3% sequentially to $283.4 million but was down 25.8% year over year. Quarterly revenue was also 1.2% better than the Zacks Consensus Estimate. The significant drop in year-over-year sales was a weak performance of all three business segments whereas sequential improvement primarily came from higher sales of Global Connectivity Solutions in the U.S. and Asia-Pacific regions.

On a GAAP basis, net earnings in the third quarter was $5.6 million, or 6 cents per share, compared to $13.4 million, or 11 cents, in the prior-year period and a net loss of $9.6 million, or 10 cents per share, in the previous quarter. However, ADC’s quarterly adjusted profit of $16.5 million, or 17 cents a share, beat the Zacks Consensus Estimate of 13 cents.

Quarterly gross margin was 34.8%, up from 34.2% a year ago and

...

Nokia Siemens Networks, the telecom-equipment joint venture of Nokia Corp. (NOK) and Siemens AG (SI) appointed Rajeev Suri as its new CEO, replacing Simon Beresford-Wylie from Oct 1. Beresford-Wylie who decided to step down will support Suri during a transition period through Nov 1. The new CEO will be based at Nokia Siemens Network’s headquarters in Espoo, Finland.   Suri who is leading the Services business of Nokia Siemens Networks brings 20 years of experience in the telecommunications industry to the role of CEO. Previous positions have included leading the Asia-Pacific region during a time of significant growth in both product and service sales; overseeing teams for important customers such as Hutchison; and managing products, such as the early cellular transmission portfolio of Nokia. In previous roles, he was based in various locations including India, Finland, the United Kingdom, West Africa and Singapore.   Beresford-Wylie joined Nokia in 1998 and ...

We upgrade our rating to Buy for ADC Telecommunications (ADCT), a leading telecom network infrastructure and connectivity solutions provider. In addition to reporting second quarter fiscal 2009 financial results (ending May 1) well above our expectations, ADCT is likely to improve operating performance as large telecom carriers in the U.S. increase spending for fiber-based networks.Massive deployment in China for home-grown 3G networking technology and backhaul provides high-growth revenue-generating opportunities for ADCT. Furthermore, management initiated restructuring activities, including headcount reductions, improving the company's earnings power and adding liquidity to its balance sheet. The current valuation level, at a discount of approximately 50% from the 52-week high range, is considered more favorable from a longer-term investment perspective.During the first half of fiscal 2009, ADCT secured contracts from approximately 15 new enterprise clients. Cable TV companies are also emerging as major business prospects as they improve broadband ...

ChinaTel Group, Inc., a company offering high speed wireless broadband and telecommunications infrastructure engineering and construction services, announced that it has closed a transaction with private investment group Olotoa Investments for the sale of 49 percent of ChinaTel’s Class A common stock for $300 million. The amount will be payable commencing March 9, 2009 through September 9, 2010 in such amounts and at such times as designated by the board of directors of ChinaTel.

“Olotoa Investments wishes to diversify its portfolio by becoming a financial partner in the high growth regions of the telecommunications sector,” commented Paul V. Olotoa, CEO of Olotoa Investments. “As a leader in telecom infrastructure in emerging markets, we believe ChinaTel is the best opportunity for us to participate in the exciting world of Next Generation broadband technology on a global level.”

“We are also excited about ChinaTel’s deployment and operations possibilities in India, the third

...

PhotoChannel Networks, Inc. has a simple idea – to provide technology and utilize telecommunications infrastructure to bridge consumer ordered content with retailers that have on demand manufacturing capabilities for the production of merchandise in real time. Technology brings them all together to create an incredible gateway for on-demand consumer transactions. A “One-Stop-Shop” approach to the planning, developing, executing and measuring their online transactions. Customers include marketing services, prepaid card programs and creative and design services.

PhotoChannel posted some highlights of the 4th qtr numbers, which will be fully filed on December 15, 2008. Total orders handled during the quarter increased 184 percent over fourth quarter 2007 and increased 59 percent over third quarter 2008. The addition of some new business partners has expanded PhotoChannel’s reach into the market. Those partners include Costco USA, SAM’s Club USA, Loblaw Companies, Kodak China, Hallmark U.K, Myer Pty Ltd. among others.

“We are very pleased with

...