Telefonica (TEF) reported third-quarter 2009 results with earnings per ADS of US$1.88, comfortably beating the Zacks Consensus Estimate of US$1.49. The Spanish telecom giant reported net income of €1.99 billion (US$2.85 billion), down 0.6% year over year, due to lower sales as a result of the beleaguered economy, especially in Spain. Revenue Consolidated revenue fell 5.7% year over year to €14.1 billion (US$20.2 billion). Revenue was impacted by weak contributions from domestic and European markets due to the recession. Latin America contributed 40% of the group revenues followed by Spain at 35% and Europe at 25%. Result by Segments Telefonica Espana The company’s Spanish revenue declined 8.9% to €4.9 billion (US$7 billion), impacted by a reduction in mobile termination rates (inter-operator fees) and the economic downturn. Wireline business revenues fell 9.4% year over year to €2.9 billion (US$4.1 billion) while revenue from wireless ...

Cincinnati Bell (CBB) announced third quarter results with adjusted earnings per share of 11 cents, falling short of the Zacks Consensus Estimate by a penny. However, this was above the year-ago EPS of 10 cents.   Adjusted EPS excludes special items such as restructuring charges, loss on disposal of assets and gain on extinguishment of debt. Net income increased 4% year over year to $28 million while revenue fell 3% from the prior-year quarter to $338 million as a result of the declines across wireline and wireless segments.   Wireline Segment   The company reported wireline revenues of $191 million down 5% from the year-ago quarter. Lower voice revenues (down 14% year over year to $83 million) and long-distance revenues (down 3% to $24 million) were partially offset by an increase in revenues from data services (up 2% to $70 million).   At the end of the quarter, ...

ANADIGICS Inc. (ANAD) recently reported revenues of $36.7 in the third quarter of 2009, down 36.8% year over year but up 16.7% sequentially. The reported revenue surpassed management guidance of revenue growth at 5%–10%.  The revenue growth was driven by a boost in the company’s 3G wireless products as well as an earlier than expected recovery in both cable TV and WLAN revenues. Cable set-top box products increased and wireless LAN products jumped 65% sequentially.  Gross margin improved significantly to 24.4% from 10.7% in the previous quarter primarily due to the increased revenue, higher factory utilization and improved yields. Operating expenses increased by $600,000 to $15 million from last quarter on higher R&D cost attributable to new products. Net loss per share came in at 10 cents better than the Zacks Consensus Estimate of a loss of 15 cents.  The company recently announced a foundry ...

Regional telecom operator Centennial Communications (CYCL) reported results for the first quarter of fiscal year 2010 with earnings per share (EPS) of 17 cents exceeding the Zacks Consensus Estimate of 15 cents and the year-ago EPS of 7 cents. The company reported net income of $19.5 million for the quarter compared to $7.5 million reported in the year-ago quarter driven by 8% year over year decline in operating expenses. Consolidated adjusted operating income increased 6% year over year to $107.2 million.  Revenue for the quarter, however, dipped 2% year over year to $258.9 million which reflects signs of slowdown across its US and Puerto Rican wireless operations, partly offset by growth in the Puerto Rican broadband business. Service revenue accounted for 95% of the consolidated sales with equipment representing the rest.    Centennial exited the quarter with 1,078,200 total mobile subscribers (overall retail penetration ...

ANADIGICS, Inc. (ANAD) recently announced a strategic agreement with WIN Semiconductors Corp., for the design and manufacture of Gallium Arsenide microwave monolithic integrated circuits (MMIC). Gallium Arsenide (GaAs) ICs are used in wireless handsets and data devices that allow people to connect and communicate everywhere. ANADIGICS is headquartered in Warren, NJ. The company designs and manufactures semiconductor solutions for the broadband wireless and wireline communications markets.  WIN Semiconductors Corp. is one of the world's largest pure-play GaAs foundries. WIN has agreed to provide ANADIGICS with GaAs foundry processing services to meet customer demand for its high-performance, radio frequency integrated circuits (ICs). This foundry relationship is a key component of ANADIGICS' new hybrid manufacturing strategy. Together with its in-house manufacturing facility, the company can continue to deliver best-in-class RF devices to the wireless and broadband marketplaces. In 2008, ANADIGICS lost significant market share (primarily at Samsung) ...

Third-largest US carrier Sprint Nextel (S) yesterday unveiled a ground-breaking unlimited calling plan for its mobile customers, which enables cell phones users to make or receive unlimited calls from the company’s network to any other US carrier network any time using any handset for free. Sprint’s customers can now enjoy unlimited calls to any of the nation’s more than 250 million wireless customers, thereby eliminating voice minutes. However, the plan does not include roaming on another carrier’s network. The new service plan (called “Any Mobile Anytime") comes as an extension to Sprint’s “Everything Data" plan. The Any Mobile Anytime plan represents a $30 discount to Sprint’s renowned $99.99 monthly "Simply Everything" unlimited plan (including unlimited landline), targeted for the postpaid segment. However, Simply Everything restricts unlimited calling within the company’s own networks. Sprint’s move to offer this new service plan represents a response to AT&T’s ...

AuthenTec is a global provider of touch-powered technology applicable to PCs, cell phones and other devices, creating a “smart fingerprint” solution for Web sites, online social networks and digital identity.

The company announced the expansion of its Shanghai operations, naming Dr. Lunji Qui as vice president and general manager of AuthenTec China, which is the base of operations for the company’s software, sales and technical support. Dr. Qui’s various notable positions with Atrua Technologies, Broadcom China, and Motorola in Singapore position him to lead all aspects of AuthenTec China, including business development, software expansion, customer support, and marketing and sales.

Scott Moody, AuthenTec chairman and CEO, said Dr. Qui’s background in fingerprint sensor solutions will enhance the company’s steps to take advantage of global opportunities.

“We are extremely pleased to appoint Dr. Qiu to lead our business development efforts and our growing software development team in China,” Moody stated

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L-3 Communications Holdings Inc. (LLL) yesterday bagged a $680 million contract from the US Air Force to serve as prime contractor on the T-1A Contractor Logistics Support (CLS) program. This will boost the dwindling order backlog of the company, which fell 20% year-over-year in the second quarter of fiscal 2009 to $3.3 billion.

The 60-day base contract, with eight option years, would be serviced by L-3's Systems Field Support operating unit, based in Madison, Mississippi. The company would provide program management of logistics, material supply support and repair overhaul services for 179 T-1A aircraft based at Vance Air Force Base, Oklahoma; Columbus Air Force Base, Mississippi; Pensacola Naval Air Station, Florida; and the Randolph and Laughlin Air Force Bases, Texas.

Headquartered in New York, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems and products; secure communications systems; aircraft modernization, training and government services; and is

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Regional telecom operator Centennial Communications (CYCL) reported fiscal fourth-quarter earnings per share of $0.33 yesterday, outpacing the Zacks Consensus Estimate of $0.14.   Revenues for the fourth quarter were $268.1 million, up 1% year over year, which was short of the Zacks Consensus Estimate of $272 million. Net income for the quarter came in at $37.1 million, compared to a net income of $12.9 million in the corresponding quarter of fiscal 2008.   Revenues for the full-year of fiscal 2009 (ended May 31, 2009) exceeded the Zacks Consensus Estimate reaching $1.1 billion, up 5% year over year. Net income for the year was $67.1 million or $0.60 per share versus $25.1 million or $0.22 per share reported in fiscal 2008, beating the Zacks Consensus Estimate.    At the end of fiscal 2009, Centennial had 1,078,200 total mobile subscribers (overall retail penetration of 8.3%), down from 1,092,600 ...

Verizon - Net Dips, Alltel Boosts Topline   Verizon (VZ), the largest US wireless carrier by subscribers, reported results for the second quarter of 2009 on Jul 27, 2009. Results were highlighted by healthy gains across strategic growth areas such as wireless, broadband Internet and video. Reported revenue came in line with consensus and our expectations increasing 11.3% year over year to $26.9 billion, driven by contribution from Alltel Corp acquired in early 2009. However, reported earnings per share (EPS) attributable to the company fell short of our estimates, declining 21.2% to $0.52 from $0.66 reported in the year ago quarter, largely due to rising costs and declining wireline businesses. On an adjusted basis, EPS fell to $0.63 from $0.67 registered in the prior-year quarter, beating the consensus. Total wireless revenue increased 27.7% year over year to $15.5 billion (58% of the total revenue), increasing 29.6% ...