Qualcomm Inc. (QCOM) reported mixed financial results for its fourth quarter of fiscal 2009. Quarterly revenue of $2.69 billion was down 19% year-over-year and was down 2% sequentially. This was primarily due to lower sales of the company’s wireless chipsets and other related technologies. Fourth quarter revenue was also below the Zacks Consensus Estimate of $2.71 billion. On a GAAP basis, quarterly net income was $803 million or 48 cents per share. This was down 9% year-over-year and also down 9% sequentially. Fourth quarter adjusted (excluding special items) EPS was also 48 cents, above the Zacks Consensus Estimate of 46 cents. Quarterly operating income was $597 million, down 55% year-over-year and down 33% sequentially. This was mainly due to a charge of $230 million related to an estimated fine expected to be levied by the Korea Fair Trade Commission and another $35 million charge resulting from the ...

Harman International Industries Incorporated (HAR) is seeing significant growth opportunities in Asian markets, particularly China and India. President, Chairman and CEO Dinesh C Paliwal recently stated that the company expects its earnings from China to exceed $1 billion over the next five years. Revenue from India is expected to reach $250 million during the same time period.  Management also announced the opening of a new R&D center in the Huang Pu commercial district of Shanghai yesterday, which is expected to complement its existing manufacturing facilities in Suzhou and Shenzhen. We think this is an effective way of reducing costs, as R&D engineers typically command higher pay than manufacturing personnel. The company’s current workforce in China is approximately 1000.  Simultaneously, the company launched its latest generation, scalable automotive infotainment system, which has been designed over the past year in Asia, Europe and the US. The product will ...

The much-hyped next-generation (4G) technology of WiMAX is quickly losing ground to the alternative technology of Long-Term Evolution (LTE). Large telecom infrastructure equipment makers are gradually shifting from WiMAX to LTE, and as a result the WiMAX field is getting less crowded day by day.

This gives the smaller gear makers like PureWave Networks and Airspan Networks a chance to enter the WiMAX market.

Alcatel-Lucent (ALU) has scaled back its WiMAX R&D expenditures and now concentrates only on fixed WiMAX infrastructure deployment, rather than the complex mobile deployment. Nokia-Siemens Network, a joint venture of Nokia Corp. (NOK) and Siemens AG (SI), has taken a strategic decision to shift its focus to other next-generation wireless technologies, such as LTE and HSPA+, and decided to outsource the WiMAX technology from Alvarion Ltd. (ALVR). Fujitsu Ltd. has entirely stopped the development of WiMAX radio technology. Motorola (MOT) is also

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The much hyped next-generation (4G) technology of WiMAX is quickly losing ground to the alternative technology of Long-Term Evolution (LTE). Large telecom infrastructure equipment makers are gradually shifting from WiMAX to LTE, and as a result the WiMAX field is getting less crowded day by day. This has given the smaller gear makers like PureWave Networks and Airspan Networks a chance to enter the WiMAX market. Alcatel-Lucent (ALU) has scaled back its WiMAX R&D expenditures and now concentrates only on fixed WiMAX infrastructure deployment rather than the complex mobile deployment. Nokia-Siemens Network, a joint venture of Nokia Corp. (NOK) and Siemens AG (SI), has taken a strategic decision to shift its focus to other next-generation wireless technologies like LTE and HSPA+ and decided to outsource the WiMAX technology from Alvarion Ltd. (ALVR). Fujitsu Ltd., has entirely stopped the development of WiMAX radio technology. Motorola ...

AutoChina International Ltd., formerly Spring Creek Acquisition Corp., provides commercial auto sales and financing in China. The company today announced the appointment of Jason Wang as the company’s new CFO, effective immediately.

With more than 10 years of experience in finance, capital markets and company expansion, Wang will head AutoChina’s overall financial planning and control, as well as China and U.S. GAAP compliance, SEC filings, investor relations, M&A activities, and general corporate financial responsibilities.

“We expect Jason’s leadership and financial acumen will be a great asset to our company and add increasing depth and diverse skills to our corporate finance team. Jason’s familiarity with our operations as an investor, combined with his capital markets expertise, should make for a smooth transition. We also look forward to Johnson Lau’s continuing contributions as his background in accounting and financial reporting will continue to serve AutoChina well throughout our expected growth in the

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Good news is continuing for Alvarion Ltd. (ALVR), a Tel Aviv, Israel-based pure-play WiMAX service provider. Recent rumors within the broadband industry suggest a deal between Alvarion and Nokia-Siemens Network (NSN) for customer WiMAX deployment.NSN is a joint venture between Nokia Corp. (NOK) and Siemens AG (SI). According to industry sources, NSN has taken a strategic decision to shift its focus to other next-generation (4G) wireless technologies like LTE and HSPA+.However, in order to offer a bunch of 4G networks to its customers, NSN has decided to keep WiMAX in its portfolio and will outsource this technology from specialist WiMAX developers. Alvarion appears to be the most probable candidate.The agreement will be a boon to Alvarion if it materializes, especially after its failed agreement with currently bankrupt Nortel Networks.During June 2009, Alvarion ...

Xilinx: Closing In on Our Target PriceXilinx Inc. (XLNX, Buy) traded higher than our 6-month target price of $19 intra-day and was trading at $18.87 as of the time of writing this update. Shares of XLNX and Altera Corp. (ALTR, Buy) got a boost recently when both companies guided up its revenue projections.For XLNX, the company now expects revenues to decline 13%-18% sequentially for Q4 compared to an earlier guidance of a 15%-25% drop. According to the company, gross margin guidance of 61% to 63% and operating expense guidance of flat to slightly down sequentially remain unchanged.The optimistic view comes from positive data points related to strength in China from suppliers selling into the 3G buildout and handsets. Xilinx's improved March quarter sales outlook is driven primarily by potential upside in the wireless communications business, particularly given the fact that the ...

NetSol Technologies Inc. (Nasdaq: NTWK) provides business services and enterprise application solutions to organizations around the world. Headquartered in Emeryville, Calif., the company has operations and offices in London, Los Angeles, Sydney, Beijing, Bangkok and Lahore.

The company today announced the opening of NetSol University North America (NUNA), located at NetSol’s Emeryville headquarters, to encourage continued education and boost client productivity. NUNA will provide classes in a variety of industry-related topics and features a state-of-the-art facility with the latest in audio/video, Internet and wireless technologies. The center will house classroom lectures, Webinars, tele-training, product demonstrations and evaluations.

“NetSol University North America has been chartered to support continuing education as it pertains to industry sponsored education and development programs,” Najeeb Ghauri, chairman and CEO of NetSol stated in the press release. “We believe that training is a key element in ensuring both client productivity and an appreciable return on human capital

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Denmark Hedge FundsGuide to Hedge Funds in DenmarkHere is a short collection of articles on the hedge fund industry in Denmark. I am always looking for more valuable online tools and resources to add to these geographical hedge fund guides to the hedge fund industry. If you have a white paper or PowerPoint that I can include here please send me an email and I will post it for everyone's benefit.Resources on The Hedge Fund Industry in Denmark:Denmark and Norway hedge towards the future with announcement of new regulatory regime. Aiming at attracting more oversea investors, Denmark and Norway ...