AT&T Inc. (T) announced third-quarter 2009 results, with reported earnings per share of 54 cents beating the Zacks Consensus Estimate of 50 cents while declining from 55 cents reported a year ago. Net income fell 1.2% year over year to $3.2 billion on account of lower revenue. The results were highlighted by growth across wireless and U-verse video businesses. The second largest wireless carrier reported consolidated revenue of $30.9 billion for the quarter, down 1.6% year over year, largely due to lower wireline voice, legacy data and print advertising revenue, which offset growth in wireless and wireline data services. AT&T registered a net gain of 2 million wireless subscribers in the third quarter to reach 81.6 million total subscribers in service, up 9% year over year, driven by strong iPhone activations. This represents the largest third quarter addition in the company’s history. Retail postpaid additions for ...

Qwest Communications (Q) has released its capital expenditure (CapEx) guidance for 2010. The local and long-distance telephone service provider expects its CapEX to remain at par with the estimated 2009 level of $1.7 billion.      Qwest continues to invest in building necessary infrastructure to boost network capacity and availability. Historically, the company has allocated a major portion of the overall CapEx in deploying additional fiber-to-the-node (“FTTN") capacity to increase the performance of its broadband network. Moving forward, Qwest plans to increase spending on deployment of fiber optic cable to support wireless services.   The company recently introduced a new fiber-based Ethernet backhaul wholesale service for wireless operators. The service (called Qwest Mobile Ethernet Backhaul) leverages Qwest’s FTTN network to extend fiber connections to cellular sites. This will enable wireless operators to upgrade their existing copper-based wireless backhaul networks to faster fiber optic connections, which will expand capacity ...

Recently, Polycom Inc (PLCM) introduced two new infrastructure platforms for visual communication network solutions that will enable large organizations, government agencies, educational institutions, and healthcare companies to deliver enterprise-wide and business-to-business video services with state-of-the-art quality, scalability and reliability.  These products are (1) RMX 4000, a multipoint conferencing platform that simultaneously supports hundreds of HD video calls and more than a thousand video and audio conference calls (2) RSS 4000, a high-capacity recording and streaming server through which users will be able to easily and cost-effectively create and stream HD video and content using any telepresence and video conferencing systems.  Polycom is a leading solutions provider for video conferencing, with an estimated 30%-40% share of the market. Prompted by the severe economic downturn, business enterprises on a global basis are restricting travel budgets to control costs. This makes Polycom’s high-definition telepresence solutions a cost-effective alternative in ...

Qwest Communications (Q) introduced a new fiber-based Ethernet backhaul wholesale service for wireless operators. The service is called Qwest Mobile Ethernet Backhaul, which leverages the company’s fiber-to-the-node (“FTTN") network (currently used for residential broadband service) to extend fiber connections to cellular sites. This will offer the wireless operators a major upgrade from their existing copper-based wireless backhaul networks.   Cellular operators across North America are aggressively investing to replace their copper connections to faster fiber optic connections. Approximately 75% of backhaul connections are on copper in North America, thereby creating a significant bottleneck in supporting increasing data traffic on next-generation wireless networks. Tier-1 carriers such as AT&T (T) and Verizon (VZ) have started to upgrade their cell sites to fiber as they prepare for 4G wireless service deployments.           Mobile Ethernet Backhaul service is tailor made to fit the requirements of the wireless service ...

NTT DoCoMo (DCM) has decided to focus strongly on mobile content offerings, a new avenue to increase revenue. In order to become a powerful mobile content delivery player internationally, the company has decided to acquire German wireless value-added services specialist Net Mobile AG for a consideration of approximately $60.8 million. The deal is expected to be completed by the end of this month. DoCoMo will start implementing LTE (Long Term Evolution) networks in Japan from 2010. The main purpose of deploying the LTE network is to offer mobile content services in Japan and then systematically in the international markets.  Net Mobile is a leading mobile content specialist in Europe offering mobile content distribution and mobile payments services to more than 500 telecom operator and corporate clients. Its major customers include Coca-Cola (KO), RTL2, Vodafone Group Plc (VOD), E-Plus Mobilfunk GmbH, Telefonica O2 Europe Plc, and ...

 

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Tuesday September 8, 2009

PennyOmega.com Stock Report!

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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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Qwest Communications (Q) is reportedly accelerating its network throughput to offer top Internet speed of 100 gigabits per second (Gbps) for its premium enterprise and government customers. The third-largest US regional carrier has already started to upgrade its fiber-based long-haul network infrastructure, which is expected to continue through 2010. Existing long-haul networks deliver top speeds of approximately 40 Gbps. To implement this network enhancement, Qwest is leveraging the technology of Alcatel-Lucent (ALU), which will provide the 100 Gbps Ethernet service routing capabilities. The company aims to be the first carrier to commercially launch 100 Gbps services in the US. However, Verizon (VZ) is also in the race with its 100 Gbps network deployment planned in 2010. Leading carriers across the globe are increasingly focused on accelerating Internet network speeds given rapidly growing demand for greater bandwidth capacity. Qwest has reported that total bandwidth consumption ...

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Monday August 17, 2009

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Kingstone Companies, Inc. (NASDAQ: KINS) today filed its Form 10-Q for the quarter ended June 30, 2009. Barry Goldstein, Kingstone Companies (”KINS”) Chairman and CEO, said, “During Q2, we exited the distribution sector of the property and casualty insurance industry. We completed the sale of all of our retail locations in New York and Pennsylvania and no longer serve as an agent or broker. During the second quarter, we also sold our franchise operations.” Based upon the foregoing, substantially all of KINS’ operations for the period ended June 30, 2009 are reflected in the Form 10-Q as discontinued operations.

As an integral

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Verizon (VZ) has announced enhancements to its FiOS TV’s Twitter and Facebook widgets, two recently added free interactive social TV applications. The new upgrades will enable the FiOS TV subscribers to send their own Tweets (text-based micro blog posts on real-time social messaging networks) and update their Facebook profiles using an onscreen keyboard. Verizon offers the FiOS TV and FiOS Internet services leveraging its high-speed fiber-to-the-premises network. The company is increasingly focusing on adding new functionalities to enhance customer experience of social networking on FiOS TV. These newly added features will enable subscribers additional means to connect with one another while using Verizon’s TV service. In July 2009, Verizon expanded its FiOS TV offering by adding Facebook, Twitter, ESPN and Internet video services through the launch of a new store: The Widget Bazaar. This initiative is aimed at providing new widgets and applications to the company’s ...

For Immediate Release

Chicago, IL – July 24, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ford (F), Tenneco Automotive (TEN), AT&T Inc (T), Centennial Communications (CYCL) and 3M (MMM).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s Analyst Blog:

New Unemployment Claims Rise...but

The new claims for unemployment data was mixed this morning, and there is some evidence that it is being distorted by seasonal adjustment problems. For the week, there were 554,000 new claims for unemployment insurance on a seasonally-adjusted basis, a rise of 30,000.

However, the weekly

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