Posts Tagged ‘technology’

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Telestone Technologies Corporation (Nasdaq: TSTC) Buzz Stock of the Day

Tuesday, October 20th, 2009

The Chinese telecomm industry leader, Telestone Technologies Corporation (Nasdaq: TSTC) , announced Tuesday that it’s Wireless Fiber Distribution System (WFDS™) passed all testing procedures of the U.S. Federal Communications Commission (FCC), including all of the existing 2G and 3G systems in the U.S. The announcement Tuesday boosted share prices 31.4 percent to a high of $11.15 from Monday’s closing price of $8.48.

The company’s proprietary Wireless Fiber Distribution System, which provides for indoor multi-services access networks, had a successful debut at the April 2009 CTIA trade show in Las Vegas. Following the trade show, the company immediately began working towards FCC compliance. To achieve this, Telestone developed a team comprised of corporate-level officers, R&D and marketing personnel, as well a partner in the United States.

Last month, the WFDS technology passed all FCC required testing procedures and Telestone was given the green light to market the product in the United States, as well as Canada, and Central and South America. The FCC certification is a substantial achievement for Telestone’s efforts to gain market share in North and South America.

Mr. Daqing Han, Chairman and CEO of Telestone, commented, “The certification of Telestone’s WFDS(TM) technology by the FCC has removed the final hurdle for us to effectively launch our marketing initiatives throughout the Americas. In the coming months, we expect to secure new contracts in the U.S. from telecommunication carriers and through our local partners while expanding our reach to countries in Latin America. Diversifying our revenue base as we move into 2010 is an important goal and we expect positive margin enhancements through increased WFDS(TM) sales.”

Industry analysts believe Telestone Technologies is poised for substantial growth in the coming years. The Chinese government has announced it will spend $70 billion over the next three years on 3G initiatives, this, coupled with Telestone’s impressive goals to increase the company’s domestic market share from 5 percent to 33 percent suggests the company plans to capture a sizable share of the government funds allocated for wireless development.

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Zoom Technologies (ZOOM)- Buzz Stock of the Day

Monday, September 14th, 2009

Shares of communication products maker, Zoom Technologies, Inc.(NASDAQ: ZOOM) were up as much as 140 percent in morning trading Monday from after the company announced second quarter financials for Gold Lion Holdings, a leading Chinese mobile phone manufacturer that Zoom acquired earlier this month.


For the second quarter of 2009, Gold Lion more than tripled its revenues to $53.1 million, compared to the same period last year. Furthermore, second quarter revenues were up 84 percent sequentially. The substantial revenue growth is due in large part to a significant order from one of Gold Lion’s existing customers.

“We are most pleased to report these outstanding quarterly results following the recently announced and shareholder approved transaction with Zoom Technologies,” said Lei Gu, Chairman and Chief Executive Officer of Gold Lion. “We believe these results reflect the burgeoning mobile telecommunications business in China and our ability to drive revenues and profit in this market.”

At a special meeting on September 8, shareholders of Zoom Technologies approved the acquisition of Gold Lion Holdings. The deal is expected to close by the end of September. Under the terms of the acquisition, Zoom shareholders will hold shares in two publicly traded companies, a vertically integrated China-based manufacturer of mobile telecommunication devices called Leimone United, Inc., and its US operating company Zoom Telephonics, which will retain substantially all of Zoom’s assets, liabilities, and current operations prior to the acquisition.

Revenues weren’t the only highlight in the Gold Lion’s second quarter results. The company reported a 147 percent increase in gross profit, and a $200,000 decline in operating expenses compared to the same period last year. Gross profit as a percentage of revenue, however dipped to 5.95 percent, from 10.95 percent in the same period a year ago, primarily because of low gross margins related to a significant order the company received during the quarter.

“These results further demonstrate the value of the transaction we expect to close in September,” said Zoom’s Chairman and CEO, Mr. Frank Manning. “The mobile phone market in China is growing rapidly, and we believe Gold Lion is well-positioned to benefit from this growth.”

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Buzz Stock of the Day – iBasis (IBAS)

Monday, July 13th, 2009

Shares of telecom services provider, iBasis, Inc. (Nasdaq: IBAS) were up more than 24 percent today, after news of a $48mln bid for 44 percent of the company’s outstanding shares from Dutch telecommunications giant, Koninklijke KPN.

The $1.55-per-share offer equated to a 19.2 percent premium over iBasis’ July 10 closing price.

[–quote–]
iBasis operates as a wholesale carrier of international long distance telephone calls, and a provider of retail prepaid calling services and enhanced services for mobile operators worldwide.

iBasis had 71.2 million common shares outstanding, as of March 31st. In October 2007, iBasis received $55 million in cash from KPN in exchange for 40.1 million shares of its common stock.

KPN already owned about 40.1 million shares, or a 56.3 percent stake, in the Burlington, Mass.-based iBasis prior to making the bid. KPN’s latest bid indicates its intention to commence a tender offer to increase KPN’s equity ownership to up to 100 percent.

iBasis said its board will form a special committee of independent directors to consider the bid.

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Buzz Stock of the Day – IncrediMail (MAIL)

Wednesday, July 1st, 2009

Shares of Israeli Internet company, IncrediMail Ltd. (Nasdaq: MAIL) were up nearly 14 percent after the company announced a two-year renewal of their contract with Google for use of the search company’s advertising network, AdSense.

IncrediMail, which designs high end personal desktop software, has been using AdSense since 2006, enabling it to share advertising revenue generated from users clicking on links sponsored by Google. The recent announcement gives IncrediMail the right to use AdSense for another two years, enabling it to share advertisign revenue generated from users clicking on links sponsored by Google.

IncrediMail reported in May that about 70 percent of its revenue was generated from its search business model, which includes multiple search engines.

This renewal reflects the positive relationship established between our companies and a relationship that has allowed IncrediMail to continue to perform well,” said IncrediMail CEO, Ofer Adler in a statement.

IncrediMail has roughly $27.6 million in the bank, and generated earnings of $6.5 million on revenue of $23.5 million for the trailing 12-month period. The company has an operating margin of nearly 17 percent.

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Buzz Stock of the Day – SMTC Corp. (SMTX)

Tuesday, June 30th, 2009

Shares of SMTC Corp. (Nasdaq: SMTX) were up more than 25 percent on 2500-times the Ontario-based company’s three-month average volume today.

SMTC Corp. reported a first quarter net loss of $2.5 million on revenue of $48.5 million, compared to a net loss of $100,000 on revenues of more than $55 million in the year ago period. “Virtually all our customers were affected by the global recession as end market demand and inventory reductions impacted their first quarter production requirements.” Caldwell said SMTC has “undertook action to significantly reduce our cost structure, eliminate excess capacity and shift production to lower cost geographies.” Gross profit for the first quarter of 2009 decreased by $1.6 million, or 36.4%, to $2.8 million when compared to the same period in 2008. Raw materials sales for the quarter was up $500,000 over the first quarter of 2008.


According to Yahoo Finance, SMTC Corp. generated $3.8 million in EBITDA on $235.9 million in the trailing 12-month period. The company has about $445,000 of cash in the bank, and about $21 million of debt.

SMTC generated about $4.2 million in operating cash flow for the trailing 12-month period.

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