SINA Corp. (SINA) is set to announce its third quarter results after the closing bell on Nov 16.   SINA’s third-quarter revenue guidance of $91–$94 million was below the Zacks Consensus Estimate. The company expects Advertising revenues to be $60–$62 million and non-advertising revenues to be $31–$32 million in the third quarter. SINA remains guarded on advertising spending particularly brand advertising as consumers remain cautious.   SINA is a leading provider of online media and value-added information services in China . Although the company’s second quarter results beat Zacks consensus estimates, it has been down on a year over year basis. The company is facing severe competition in its mobile and online brand advertising business.   However, the stock has rallied much and we expect the company to benefit from the growing trends in the wireless business. We expect a huge improvement in SINA’s advertising business, as advertising ...

Omnicity Corp wants to be rural America’s premier telecommunications and broadband Internet Service Provider. The company has developed a business model that has proven successful in thousands of rural Indiana homes, providing high-speed Internet service on a mass basis at a lower cost and more efficiently than wire or fiber optic solutions. With this model in hand, Omnicity is now growing rapidly through acquisitions with the goal of capturing the underserved and unserved rural and small town markets throughout America.

The majority of rural homes do not yet have access to broadband service. Cable is often unavailable, and DSL service is usually limited to urban/suburban areas. Traditional dialup service is simply no longer a viable solution, due to the growing audio/video content of the Web. Omnicity estimates that there are currently over 40 million homes, businesses, and other users in the

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Telus Corp (TU), Canada’s second largest telecom carrier, has officially announced the launch date and pricing of Apple’s (AAPL) iPhone (3G and 3GS). The company will commence selling the highly popular device on Nov 5, 2009. Moreover, Telus will also unveil its new HSPA (high speed packet access) based 3G wireless networks on the same day to support the iPhone launch.  Telus will sell iPhone 3G (8GB) for $99.99 with a 3-year contract and for $599.99 without any contract. The company has priced iPhone 3GS (16 GB) at $199.99 with a 3-year contract and $699.99 without contract. The 32 GB version of iPhone 3GS will be sold for $299.99 (with contract) and $799.99 (without contract).  Canada’s largest wireless carrier Rogers Communication (RCI) has been the sole distributor of iPhone in the country since July 2008, leveraging its GSM and HSPA wireless networks. However, the ...

T-Mobile USA, the US subsidiary of German telecom giant Deutsche Telekom (DT), has reportedly introduced a new unlimited wireless service plan that comes without any annual service contract. This move represents the company’s latest initiative to counter strong competition from its larger peers in the domestic wireless market.  Under the new service plan, customers can enjoy unlimited voice, text and Web access services for $79.99 per month without entering into any long-term contract. This represents a $20 discount on the company’s standard $99.99 unlimited monthly rate plan for a two-year service contract. Subscribers to the $79.99 monthly plan, however, have to pay more for their cellphone handsets than the regular contract-bound customers.  T-Mobile USA is the fourth largest US wireless carrier with 33.5 million subscribers. However, the company is contending in an increasingly consolidating industry. Verizon (VZ) has emerged as the largest wireless provider in ...

South Korea’s largest wireless carrier SK Telecom (SKM) announced plans to introduce its fixed-mobile substitution (“FMS") service. Assuming near-term approval of the service by the telecom regulator Korea Communications Commission, the company targets the commercial launch on Nov 1.   FMS refers to use of cellular handsets instead of wired or cordless landline phones for communication. This entails migration of voice minutes from fixed-line to wireless networks. FMS differs from fixed-mobile convergence, which allows users to switch between fixed-lines and mobile networks using a single dual-mode handset and two different technologies. Currently, FMS services are widely available in Europe.     SK Telecom’s FMS service allows customers to make calls within a designated area (called “Discount Zone") under the company’s network coverage. These calls will be charged at a discount rate which is the same as fixed-line VoIP (Voice-over-Inernet Protocol) service. Currently, tariffs levied on fixed-line VoIP ...

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 ...

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International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that IARO’s President Saffet Uslu has returned to the US from a successful Middle East sales and marketing trip. During the trip he had an opportunity to meet with governmental agencies, commercial companies working with military aircraft spare parts projects, and private marketing companies who have all voiced an interest in joining IARO’s Strategic Worldwide Sales and Marketing Program.

Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank

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P.T. Telekomunikasi Tbk (TLK), the largest telecom carrier in Indonesia, is likely to launch the country’s first 4G WiMAX network in first quarter of 2010. As of now, the company provides both 2G and 3G wireless infrastructure that includes GSM and WCDMA/HSPA technologies and is quickly expanding its wireless infrastructure. TLK’s wireless division, popularly known as Telkomsel has decided to raise capital expenditure plan to $1.4 billion in fiscal 2009, an increase of 25% from previous fiscal. Telkomsel commands 45% share of the total Indonesian wireless market, well ahead of its competitors, P.T. Indosat Tbk (24%), and P.T. Excelcomindo Pratama (17%).  Through WiMAX, TLK will offer an alternative to cable and digital subscriber lines technology. WiMAX enjoys commendable growth potential especially within the emerging markets. The technology provides a low-cost, open network system with an all IP mobile Internet solution that enables efficient and scalable networks for ...

After surging to almost one-year highs Wednesday, stocks took a step back as worries that the recent rally has gone too far, too fast resurfaced.  Investors pulled out profits even as latest round of upbeat economic data tried to convince them that a recovery is indeed underway.  Shares of companies that have led the recent advance failed to find favor amid a lackluster trading session.  Although the retreat was modest, it signaled a growing belief that the rally is overextended.

The Dow Jones industrial average declined 7.79 points, or 0.08%, to end the day at 9,783.92. The broad Standard & Poor's 500 Index retreated 3.27 points, or 0.31%, at 1,065.49 and the tech-heavy Nasdaq Composite Index eased 6.40 points, or 0.30%, to end at 2,126.75.  On the New York Stock Exchange, declining shares beat those that advanced by eight to seven on volume of 1.52 billion shares.  At Wednesday's

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SINA Corporation (SINA) has been downgraded from Outperform to Neutral, indicating that the stock would be trading in line with the industry. The company is a leading provider of online media and value-added information services to the global Chinese community. Although SINA’s most recent quarter (second quarter) results beat Zacks Consensus Estimates, they have been down on a year-over-year basis. The company provided disappointing guidance, as customer caution is likely to be a hindrance to advertising spending, particularly the brand advertising segment. Economic growth in China has continued to slow down in the face of the protracted global economic downturn. Competition in the online brand advertising field in China is fierce, crowded by big players such as Sohu.com Inc. (SOHU), Shanda Interactive (SNDA) and Baidu, Inc. (BIDU). Moreover, uncertainty regarding the closure of the Focus Media Holding Ltd. (FMCN) acquisition poses ...