China Telecom (CHA), the largest Chinese fixed-line operator, has revealed plans to augment its wireless handset portfolio. The company is currently in talks with overseas handset vendors and targets to offer Research in Motion's (RIMM) popular BlackBerry handset and Palm’s (PALM) smartphones in China in late 2009 or early 2010. This move represents a part of China Telecom’s efforts to boost its share in the domestic wireless space.  China Telecom is the market leader in fixed-line phone services in one of the world’s fastest growing telecom markets. Being one of the incumbent telecom operators in China, the company is well positioned to benefit from the country’s rapid economic growth coupled with aggressive wireless expansion.  With roughly 700 million subscribers, China is the largest wireless market in the world. China Telecom added mobile operation to its service offering in October 2008 through its acquisition of China ...

Strong Second-Quarter Results Electronic Arts Inc. (ERTS) reported better-than-expected second-quarter results with a steep rise in net earnings and growth in revenue. Net income, excluding non-recurring items of 6 cents per share increased 200% from the year-ago loss per share of 6 cents. Earnings also surpassed the Zacks Consensus Estimate of a loss of 6 cents. Effective cost management and a lower tax rate have driven earnings growth. Due to the higher cost of sales, gross margin on a non-GAAP basis declined to 48% from 51% in the year-ago period. However, lower operating expenses in the quarter resulted in a better-than-expected operating margin, which improved to 2% from -3% in the year-ago period. The company continues to experience a rise in the top-line. Total non-GAAP net revenue, adjusted for deferred revenue of $359 million related to certain online-enabled packaged goods and digital content, increased ...

Newport Digital Technologies, Inc., a technology solutions driven company organized to focus on serving the fastest-emerging businesses in the technology space, announced today after the closing bell that it has implemented the licensing agreement with Microsoft Corp. to develop applications for its Windows Mobile platform. The Company has also progressed with their distribution agreement previously announced with Ingram Micro, Inc. (NYSE: IM), which will serve as its initial primary sales channel partner.

Newport Digital Technologies, Inc. (NPDT), in conjunction with leading Taiwan-based R&D technology incubators, the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI), is commercializing a number of leading-edge Radio Frequency Identification (RFID) technologies. The first product is the N37B Ruggedized Handheld RFID reader and computing device that was unveiled this week at the Voluntary Interindustry Commerce Solutions Association (VICS) conference hosted by the University of Arkansas

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Yesterday, VimpelCom (VIP) posted second-quarter profit of 69 cents per ADR (based on an average exchange rate 32.21 RUR/US$) that outpaced both the Zacks Consensus Estimate of 42 cents and the year-ago earnings of 46 cents.

The company reported quarterly net income of RUR22.6 billion ($701.5 million), more than double the net income of RUR11.1 ($345 million) reported in the year-ago period. This significant year-over-year growth was largely attributable to the RUR10.6 billion ($329 million) in foreign exchange gains from a strong ruble versus the US dollar.

VimpelCom’s net operating revenue in the quarter was RUR69.0 billion ($2.1 billion), reflecting 12% and 3.3% increase over the year-ago and the previous quarter, respectively. While sales from its wireless operation came in at RUR58.2 billion ($1.8 billion), the fixed-line business generated revenue of RUR14.6 billion ($453 million). The reported OIBDA of RUR35 billion ($1.1 billion) reflects a year-over-year growth of

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Smith Micro Software, Inc. (SMSI) is ignoring the market's lackluster session with a share price advance of nearly 11% today, which easily sets up a spot on the Zacks #1 Rank Top Performers List.

< ?DART(15);?> There are only 2 covering analysts for SMSI at this time, but they are both in agreement when it comes to their earnings estimate revisions. Expectations for this year are up practically 19% over the past month to 44 cents per share.

Next year's estimate is up more than 13% in that time to 51 cents, which means analysts expect a 16% advance in 2010 over 2009.

The interest was sparked by a solid first-quarter performance on May 6. Revenue reached a record $23.8 million, which was up 9% from the previous year's $21.9 million. One of the highlights for the quarter stemmed from the wireless business segment,

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i2Telecom International, Inc. (OTCBB: ITUI), a developer of mobile phone applications, announced that Tom Murphy has joined its advisory board.
Murphy has 22 years of experience with Sprint, including the position of vice president of consumer sales and sales operations. With an $80 million budget, two million accounts annually and $1.8 billion in yearly revenue, he was responsible for all consumer sales operations for the Sprint National Consumer Organization, including Sprint’s Sales Centers and all vendor operations for voice services and broadband products.

“After 22 years in the wireless space, I am extremely impressed with the opportunity that i2Telecom’s MyGlobalTalk service represents for consumers and businesses that utilize long-distance communications in their daily activities,” said Murphy.

Murphy retired from Sprint in 2001, and then headed up DEM, LLC, as president and CEO, until January 2006. DEM helped start-up companies define growth strategies, with clients that included Global Velocity, Anthony Robbins & Companies

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