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EVA Dimensions, LLC downgrades ARRIS GROUP from OVERWEIGHT to HOLD.BY Investars Analyst Actions - public
— 8:07 AM ET 02/26/2013
On February 26, 2013 EVA Dimensions, LLC downgraded ARRIS GROUP (ARRS) from OVERWEIGHT to HOLD.
ARRS Gross margin 35.8% down from 37.9%. Quarterly operating margin was 7.4% compared with 9% in the year-ago quarter.
Potential impact on the business of the Motorola Home acquisition, the retention of employees and the ability of ARRIS to successfully integrate Motorola Home's business opportunities, technology, personnel and operations. GOOG lost and steel lousing money with Motorola Homes this why they won to get rid of it. And who will pay for acquisition and restructuring off course share holder ARRS issue more share and share prices goes down. This why ZACKS and found managers sales ARRS behind the scene after they are done they will start different story ARRS to expensive acquisition integration restructuring to expensive that result profit margin will go more down ARRS lousing market and money. Regular investor
Look for the cover before happens.
ARRS confirmed breakout from triple+ resistance
good gap and go breakout
BREAKOUT CONFIRMED breakout above 14.16, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 14.91, 4.9% Stop: 13.94, Loss: 1.9%, Profit/Loss ratio: 2.6 : 1 - Good
CURRENT PRICE 14.21, just above resistance, 13.99 ± 0.17, type triple+, strength 10
RESISTANCE ABOVE None.
source http://www.stockconsultant.com
<<< $ARRS Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/ARRS
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/ARRS/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/ARRS/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/ARRS/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/ARRS/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/ARRS/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/ARRS/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/ARRS/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/ARRS/research
Google Finance Summary ~ http://www.google.com/finance?q=ARRS
Google Finance News ~ http://www.google.com/finance/company_news?q=ARRS
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=ARRS
Google Finance Financials ~ http://www.google.com/finance?q=ARRS&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=ARRS
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=ARRS&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=ARRS+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=ARRS+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=ARRS+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=ARRS
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=ARRS+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=ARRS+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/ARRS
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/ARRS
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=ARRS+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=ARRS+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=ARRS+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=ARRS+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=ARRS+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=ARRS+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=ARRS+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=ARRS+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=ARRS+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=ARRS+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=ARRS+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=ARRS&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=ARRS
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=ARRS
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=ARRS
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=ARRS
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=ARRS
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=ARRS&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=ARRS&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/ARRS?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/ARRS
Barchart Options Quotes ~ http://barchart.com/options/stocks/ARRS
Barchart Technical Chart ~ http://barchart.com/charts/stocks/ARRS&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/ARRS&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/ARRS
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=ARRS
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/ARRS
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/ARRS
Barchart News Headlines ~ http://barchart.com/news/stocks/ARRS
Barchart Profile ~ http://barchart.com/profile//ARRS
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=ARRS&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARRS&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARRS&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARRS&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/ARRS/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/ARRS/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/ARRS/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/ARRS/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/ARRS
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/ARRS/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/ARRS/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/ARRS/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/ARRS/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/ARRS/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/ARRS/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=ARRS&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=ARRS
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=ARRS
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=ARRS&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=ARRS
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=ARRS
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=ARRS&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=ARRS.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=ARRS®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/ARRS
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/ARRS/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/ARRS/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ARRS/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=ARRS&selected=ARRS
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=ARRS&selected=ARRS
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/ARRS/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/ARRS/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/ARRS/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/ARRS/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/ARRS/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/ARRS/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/ARRS/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/ARRS/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/ARRS/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/ARRS/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/ARRS/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/ARRS/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/ARRS/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/ARRS/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=ARRS&selected=ARRS
NASDAQ Financials ~ http://www.nasdaq.com/symbol/ARRS/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/ARRS/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/ARRS/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/ARRS/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ARRS/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/ARRS/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/ARRS/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/ARRS/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/ARRS.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/ARRS/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/ARRS/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/ARRS/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/ARRS/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/ARRS/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/ARRS/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=ARRS
YCharts ~ http://ycharts.com/companies/ARRS
YCharts Performance ~ http://ycharts.com/companies/ARRS/performance
YCharts Dashboard ~ http://ycharts.com/companies/ARRS/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=ARRS&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=ARRS&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=ARRS&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=ARRS
Zacks Quote ~ http://www.zacks.com/stock/quote/ARRS
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=ARRS
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=ARRS
Knobias ~ http://knobias.10kwizard.com/files.php?sym=ARRS
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=ARRS
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/ARRS/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=ARRS&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=ARRS®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=ARRS®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=ARRS®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=ARRS®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=ARRS®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=ARRS
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=ARRS
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=ARRS&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=ARRS&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=ARRS
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=ARRS&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=ARRS
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=ARRS
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=ARRS
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=ARRS
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ARRS
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=ARRS
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=ARRS
Investorpoint ~ http://www.investorpoint.com/ enter "ARRS" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "ARRS" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=ARRS
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=ARRS
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=ARRS
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=ARRS
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=ARRS
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "ARRS" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=ARRS&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=ARRS
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=ARRS
Check those searches for recent ARRS mentions. If ARRS is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
~ Wednesday! $ARRS ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $ARRS ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=ARRS&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=ARRS&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=ARRS
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=ARRS#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=ARRS+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=ARRS
Finviz: http://finviz.com/quote.ashx?t=ARRS
~ BusyStock: http://busystock.com/i.php?s=ARRS&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=ARRS >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
makesumgravy who are you talking to you are the only one on here lol
looks like were gonna be running very soon my friend,lots of good stuff
hey gravy u looked kinda lonely so i decided to stop by and say gooooo arrs!!!!!!motley fools says we have a 30 bagger here!!!
Robert J. Stanzione
Chief Executive Officer
ARRIS Group Inc.
The proxy statement for ARRIS Group Inc. uses the new SEC executive compensation rules.
In 2007, Robert J. Stanzione raked in $5,156,563 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $3,877,236 in total 2007 compensation.
* The AFL-CIO Total is calculated as originally proposed by the U.S. Securities and Exchange Commission (SEC) in its initial 2006 rule making on executive compensation disclosure. On Dec. 22, 2006, the SEC amended the disclosure rules for stock options and other equity awards. Under this change, companies are required only to include the value of equity awards that vest during the fiscal year instead of the full value that are granted to executives. The SEC Total follows the approach used by the Financial Accounting Standards Board in determining the amount of options to be expensed in a company's financial statements. In order to show the full value of equity awards granted to executives, the AFL-CIO Total includes the Grant Date Fair Value of Stock and Options Awards as found in the Grants of Plan-Based Awards table of the company's proxy statement. The AFL-CIO believes this total calculation better represents the full value of compensation awarded to executives as decided by the board of directors during the fiscal year in question. The AFL-CIO Total follows the method the SEC has historically used in disclosing options granted to executives.
Insider Transactions
http://finance.yahoo.com/q/it?s=ARRS
Arris shares surge after 3Q results, outlook
Arris shares soar after 3rd-quarter profit beats analysts' expectations
Wednesday October 29, 2008, 1:48 pm EDT
Yahoo! Buzz Related:arrs
NEW YORK (AP) -- Shares of Arris Group Inc. surged Wednesday after the communications technology company posted third-quarter earnings and a fourth-quarter profit outlook above Wall Street's expectations.
Related Quotes
Symbol Price Change
ARRS 6.31 +0.19
{"s" : "arrs","k" : "c10,l10,p20,t10","o" : "","j" : ""} Arris earned $24.1 million, or 19 cents per share, down 14 percent from $27.9 million, or 25 cents per share, in the same period a year earlier.
Excluding one-time items, the company earned 24 cents per share in the latest quarter.
Revenue rose 17 percent to $297.6 million from $254.7 million.
Analysts, on average, were expecting a profit of 21 cents per share on sales of $298.9 million, according to a poll by Thomson Reuters.
The company forecast fourth-quarter earnings of 16 cents to 21 cents per share, adjusted earnings of 22 cents to 27 cents per share, and sales of $280 million to $300 million.
Analysts are predicting adjusted earnings of 20 cents per share on sales of $300.9 million for the quarter.
Kaufman Bros. analyst Raimundo Archibold Jr. called the quarter's results "close enough" and the guidance "good enough." He said while the company's revenue forecast fell below Wall Street's expectations, it will "nevertheless be viewed as satisfactory."
"We view the company as being a prime beneficiary of the intensifying competition among cable operators, (telecommunications companies) and satellite operators," the analyst wrote, keeping a "Buy" rating on the stock.
Shares of the Suwanee, Ga.-based company gained $1.32, or 27.7 percent, to $6.08 in afternoon trading. The stock is down 52 percent year-to-date.
Next Inning Technology Updates Outlooks for Cisco Systems, EZchip, Alvarion, and Arris Group
PRINCETON, N.J., Nov. 4 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Cisco Systems (NASDAQ:CSCO), EZchip (NASDAQ:EZCH), Alvarion (NASDAQ:ALVR), and Arris Group (NASDAQ:ARRS).
As tech prices were crashing on October 10th, Next Inning published a special report advising readers that prices were hitting at least a temporary bottom. In this report, Editor Paul McWilliams provided readers with what he thought would be the big winners. His favorite pick posted more than a 70% gain by the following Tuesday. To read what McWilliams thinks investors should do next and receive copies of his in depth earnings previews, please accept our invitation to take a complimentary test-drive by visiting the link below.
https://www.nextinning.com/subscribe/index.php?refer=prn733
In his earnings preview, McWilliams wrote: "There are many moving pieces in the EZchip story, but it appears they have been coming together nicely and will soon paint a clear enough picture for Wall Street to connect the dots. Since the stock still has no official coverage from sell-side analysts, it will be interesting to see which analyst sees this picture first..."
McWilliams also looks at these topics:
-- Does McWilliams expect Cisco's earnings to come in shy of estimates? Does he see Cisco's historically low valuation as a buying opportunity?
-- What are the potential upside catalysts that McWilliams sees for EZchip?
-- Based on Alvarion's position in the WiMax market and other factors, is the stock worth a look at its current valuation?
-- After McWilliams suggested subscribers consider Arris ahead of earnings, the stock moved up over 50%. What's next for the stock?
Founded in September 2002, Next Inning's model portfolio has returned 156% since its inception versus 33% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
DATASOURCE: Indie Research Advisors, LLC
CONTACT: Marcie Martin of Next Inning Technology Research,
+1-888-278-5515
Web site: http://www.nextinning.com/
BRIEF-Arris Q3 results
- Oct 28 (Reuters) - Arris Group Inc:
* Announces preliminary and unaudited third quarter 2008 results
* Q3 adjusted non-GAAP earnings per share $0.24
* Q3 GAAP earnings per share $0.19
* Sees Q4 2008 GAAP earnings per share $0.16 to $0.21
* Sees Q4 2008 adjusted non-GAAP earnings per share $0.22 to $0.27
* Q3 revenue rose 6 percent to $297.6 million
* Sees Q4 2008 revenue $280 million to $300 million
* Reuters Estimates Q3 earnings per share view $0.21, revenue view $298.81
million
* Reuters Estimates Q4 earnings per share view $0.20, revenue view $297.98
million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223
8780))
Varghese Joseph
vj
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News
ARRIS Announces Preliminary and Unaudited Second Quarter 2008 Results
Date : 07/30/2008 @ 4:13PM
Source : PR Newswire
Stock : Arris Grp. (MM) (ARRS)
Quote : 9.2 -0.2 (-2.13%) @ 12:53PM
ARRIS Announces Preliminary and Unaudited Second Quarter 2008 Results
SUWANEE, Ga., July 30 /PRNewswire-FirstCall/ -- ARRIS Group, Inc. (NASDAQ:ARRS), a global technology leader in advanced cable telephony and broadband access equipment, next generation high-speed data and video applications, and operations software solutions, today announced preliminary and unaudited financial results for the second quarter 2008.
Second quarter 2008 revenues of $281.1 million increased $7.6 million, or 2.8%, as compared to first quarter revenues of $273.5 million. Second quarter and first half 2008 revenues increased $28.4 million, or 11.2%, and $66.6 million, or 13.6%, respectively, as compared to the same periods in 2007, primarily due to the C-COR acquisition. Second quarter 2008 gross margin was $92.9 million, or 33.0%, as compared to $85.2, or 31.2%, in the first quarter 2008 and $72.4 million, or 28.6%, in the second quarter 2007. Order backlog increased to $206.0 million at the end of the second quarter as compared to $147.0 million at the end of the first quarter. Book-to-bill ratio in the second quarter was 1.21.
GAAP net income in the second quarter 2008 was $0.08 per diluted share, as compared to $0.21 per diluted share for the second quarter 2007. Adjusted (non-GAAP) net income in the second quarter 2008 was $0.15 per diluted share, as compared to $0.22 per diluted share for the second quarter 2007. Items excluded from the computed adjusted (non-GAAP) net income include: amortization of intangibles, certain acquisition gains and expenses, certain tax benefits and costs, equity compensation expense, and adjustments to restructuring accruals. A reconciliation of GAAP to adjusted (non-GAAP) earnings per share is attached to this release and also can be found on the Company's website (http://www.arrisi.com/).
The Company ended the second quarter 2008 with $297.8 million of cash and short-term investments, which compares to $293.0 million at the end of the first quarter 2008. The Company generated $10.4 million of cash from operating activities in the second quarter 2008.
"I am very pleased that despite the challenging economic climate, we can report that sales, earnings and margins are up quarter over quarter and we look for continuing strength in the second half of 2008 as we enter the third quarter with a healthy backlog," said Bob Stanzione, ARRIS Chairman & CEO. "The demand for ARRIS products remains strong as our customers see increasing competition and new service demands in their markets. International opportunities continue to unfold as evidenced by our recent CMTS agreement last month with the largest cable operator in Germany and new opportunities in Canada and Mexico. We are well positioned to take advantage of customer and end user demands for high speed data services, VoIP, on-demand video, ad insertion, OSS solutions and network upgrades to accommodate increased high definition channel offerings and streaming video."
"We enter the second half of 2008 with a strong order book and an improving margin profile," said David Potts, ARRIS EVP & CFO. "I am also very pleased with the solid progress that we have made with the integration of C- COR and the progress that we have made towards the overall financial goals that we outlined at our Investor Conference in March. At this point, we project that revenues for the Company in the third quarter 2008 will be in the range of $288 to $308 million with GAAP net income per diluted share in the range of $0.13 to $0.18 and adjusted (non-GAAP) net income per diluted share, in the range of $0.19 to $0.24.
ARRIS management will conduct a conference call at 5:00pm EDT, today, Wednesday, July 30, 2008, to discuss these results in detail. You may participate in this conference call by dialing 888-713-4209 or 617-213-4863 for international calls prior to the start of the call and providing the ARRIS Group, Inc. name, conference passcode 38778423 and Jim Bauer as the moderator. Please note that ARRIS will not accept any calls related to this earnings release until after the conclusion of the conference call. A replay of the conference call can be accessed approximately two hours after the call through August 4, 2008 by dialing 888-286-8010 or 617-801-6888 for international calls and using the passcode 25608915. A replay also will be made available for a period of 12 months following the conference call on ARRIS' website at http://www.arrisi.com/.
ARRIS is a global communications technology company specializing in the design, engineering and supply of technology supporting triple and quad-play broadband services for residential and business customers around the world. The company supplies broadband operators with the tools and platforms they need to deliver reliable telephony, demand driven video, next-generation advertising and high-speed data services. ARRIS products expand and help grow network capacity with access and outside plant construction equipment, reliably deliver voice, video and data services and assure optimal service delivery for end customers. Headquartered in Suwanee, Georgia, USA, ARRIS has R&D centers in Atlanta, Chicago, Beaverton, State College, Wallingford, Ireland and China, and operates support and sales offices throughout the world. Information about ARRIS products and services can be found at http://www.arrisi.com/.
Forward-looking statements: Statements made in this press release, including those related to:
-- third quarter and 2008 revenues, gross margins and net income; -- full year 2008 outlook, and -- the general market outlook;
are forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things,
-- projected results for the third quarter as well as the general outlook for 2008 and beyond are based on preliminary estimates, assumptions and projections that management believes to be reasonable at this time, but are beyond management's control;
-- because the market in which ARRIS operates is volatile, actions taken and contemplated may not achieve the desired impact relative to changing market conditions and the success of these strategies will be dependent on the effective implementation of those plans while minimizing organizational disruption.
In addition to the factors set forth elsewhere in this release, other factors that could cause results to differ from current expectations include: the uncertain current economic climate and its impact on our customers' plans and access to capital; the impact of rapidly changing technologies; the impact of competition on product development and pricing; the ability of ARRIS to react to changes in general industry and market conditions including regulatory developments; rights to intellectual property, market trends and the adoption of industry standards; and consolidations within the telecommunications industry of both the customer and supplier base. These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect the Company's business. Additional information regarding these and other factors can be found in ARRIS' reports filed with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2007 and its Form 10-Q for the quarter ended March 31, 2008. The Company expressly disclaims any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise.
ARRIS GROUP, INC.
CONSOLIDATED BALANCE SHEETS (in thousands)
June 30, March 31, Dec. 31, Sept. 30, June 30, 2008 2008 2007 2007 2007 (unaudited)(unaudited) (unaudited)(unaudited)
ASSETS
Current assets: Cash and cash equivalents $290,266 $243,515 $323,797 $370,708 $444,020 Short-term investments, at fair value 7,503 49,513 68,011 217,845 160,315 Total cash, cash equivalents and short-term investments 297,769 293,028 391,808 588,553 604,335
Restricted cash 7,051 7,186 6,977 3,142 3,136 Accounts receivable, net 168,664 159,881 166,953 130,216 120,680 Other receivables 9,067 6,074 4,330 5,000 6,845 Inventories, net 147,716 125,105 131,792 118,227 90,542 Prepaids 5,305 5,680 5,856 3,626 3,250 Current deferred income tax assets 43,749 47,051 44,939 19,602 23,239 Other current assets 15,707 8,209 4,841 13,703 10,773 Total current assets 695,028 652,214 757,496 882,069 862,800
Property, plant and equipment, net 60,823 60,747 59,156 31,251 30,196 Goodwill 452,398 453,454 455,352 150,569 150,569 Intangible assets, net 244,575 257,029 269,893 115 172 Investments 9,937 10,200 6,412 8,916 3,151 Noncurrent deferred income tax assets 3,547 3,688 3,459 16,238 17,294 Other assets 11,383 12,624 10,181 9,084 7,517 $1,477,691 $1,449,956 $1,561,949 $1,098,242 $1,071,699
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities: Accounts payable $68,476 $60,490 $58,852 $35,540 $46,015 Accrued compensation, benefits and related taxes 18,072 14,397 26,177 18,857 14,631 Accrued warranty 7,566 7,919 8,298 4,085 4,393 Deferred revenue 28,100 19,901 8,474 6,273 7,195 Current portion of long-term debt 314 310 35,305 - - Other accrued liabilities 23,221 27,980 42,121 20,854 20,806 Total current liabilities 145,749 130,997 179,227 85,609 93,040 Long-term debt, net of current portion 276,606 276,686 276,765 276,000 276,000 Accrued pension 11,362 10,905 10,455 11,810 12,778 Noncurrent income tax payable 6,250 6,487 6,322 5,262 4,334 Noncurrent deferred income tax liability 48,725 47,090 45,255 - - Other long-term liabilities 18,694 19,704 18,158 8,404 8,724 Total liabilities 507,386 491,869 536,182 387,085 394,876
Stockholders' equity: Preferred stock - - - - - Common stock 1,358 1,357 1,356 1,104 1,102 Capital in excess of par value 1,098,581 1,095,716 1,093,498 789,348 782,717 Treasury stock at cost (76,007) (76,007) (572) - - Unrealized gain (loss) on marketable securities 66 151 20 (151) - Unfunded pension liability (3,358) (3,358) (3,358) (4,462) (4,462) Accumulated deficit (50,151) (59,588) (64,993) (74,498) (102,350) Cumulative translation adjustments (184) (184) (184) (184) (184) Total stockholders' equity 970,305 958,087 1,025,767 711,157 676,823 $1,477,691 $1,449,956 $1,561,949 $1,098,242 $1,071,699
ARRIS GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data)
For the Three Months For the Six Months Ended June 30, Ended June 30, 2008 2007 2008 2007 (unaudited) (unaudited) (unaudited) (unaudited)
Net sales $281,110 $252,718 $554,616 $487,971 Cost of sales 188,226 180,342 376,484 346,848 Gross margin 92,884 72,376 178,132 141,123 Gross margin % 33.0% 28.6% 32.1% 28.9%
Operating expenses: Selling, general, and administrative expenses 37,046 26,455 74,028 50,630 Research and development expenses 27,662 17,791 55,784 35,887 Restructuring and impairment charges 175 - 580 421 Amortization of intangible assets 12,454 58 25,708 116 77,337 44,304 156,100 87,054 Operating income 15,547 28,072 22,032 54,069 Other expense (income): Interest expense 1,722 1,652 3,226 3,320 Loss (gain) on investments 171 (1,444) 173 (1,425) Loss (gain) on foreign currency 350 (146) (640) 176 Interest income (1,702) (6,459) (4,387) (12,942) Gain related to terminated acquisition, net of expenses - - - (22,835) Other (income) expense, net 65 51 29 116 Income from continuing operations before income taxes 14,941 34,418 23,631 87,659 Income tax expense 5,504 11,144 8,789 26,741 Net income $9,437 $23,274 $14,842 $60,918
Net income per common share: Basic $0.08 $0.21 $0.12 $0.56
Diluted $0.08 $0.21 $0.12 $0.55
Weighted average common shares: Basic 122,741 109,398 126,752 108,935 Diluted 124,651 111,698 128,190 111,340
ARRIS GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
For the Three Months For the Six Months Ended June 30, Ended June 30, 2008 2007 2008 2007 (unaudited) (unaudited) (unaudited) (unaudited)
Operating Activities: Net income $9,437 $23,274 $14,842 $60,918 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 5,132 2,648 10,095 5,145 Amortization of intangible assets 12,454 58 25,708 116 Stock compensation expense 2,840 3,378 5,391 6,034 Deferred income tax provision 5,078 4,924 4,572 9,626 Amortization of deferred finance fees 278 278 557 557 Provision for doubtful accounts 9 225 214 596 Gain related to previously written off receivables - - - (377) Gain on disposal of fixed assets (2) - (2) - Loss on investments 171 (1,444) 173 (1,425) Gain related to terminated acquisition, net of expenses - - - (22,835) Excess tax benefits from stock-based compensation plans - (1,676) - (6,531) Changes in operating assets & liabilities, net of effects of acquisitions and disposals: Accounts receivable (8,272) 4,851 (770) (5,972) Other receivables (2,993) 3,043 (4,737) (4,289) Inventory (21,920) (12,356) (14,419) 3,684 Income taxes payable (3,078) (7,024) (2,997) (5,731) Accounts payable and accrued liabilities 14,795 7,033 4,501 (17,809) Other, net (3,509) 688 (2,193) 2,158 Net cash provided by operating activities 10,420 27,900 40,935 23,865
Investing Activities: Purchases of property, plant, and equipment (5,363) (4,768) (11,792) (7,055) Cash proceeds related to terminated acquisition, net of expenses paid - (327) - 10,554 Cash paid for hedge related to terminated acquisition - - - (26,469) Cash proceeds from hedge related to terminated acquisition - - - 38,750 Cash paid for acquisition, net of cash acquired (227) - (4,419) - Cash proceeds from sale of property, plant & equipment 13 - 237 - Cash proceeds from sale of short-term investments 16 - 16 - Purchases of short-term- investments - (69,715) (16,887) (197,850) Disposals of short-term- investments 41,964 44,010 72,464 125,110 Net cash provided by (used in) investing activities 36,403 (30,800) 39,619 (56,960)
Financing Activities: Payment of debt and capital lease obligations (99) - (35,196) - Treasury stock repurchase - - (75,960) - Excess tax benefits from stock-based compensation plans - 1,676 - 6,531 Employer repurchase of shares to satisfy minimum tax withholdings (796) (1,690) (1,035) (1,690) Proceeds from issuance of stock and other 823 5,617 (1,894) 10,656 Net cash provided by (used in) financing activities (72) 5,603 (114,085) 15,497
Net increase (decrease) in cash and cash equivalents 46,751 2,703 (33,531) (17,598) Cash and cash equivalents at beginning of period 243,515 441,317 323,797 461,618 Cash and cash equivalents at end of period $290,266 $444,020 $290,266 $444,020
ARRIS GROUP, INC.
SUPPLEMENTAL NET INCOME RECONCILIATION (in thousands, except per share data) (unaudited)
Q1 2008 Q2 2008 YTD 2008 Per Per Per Diluted Diluted Diluted Amount Share Amount Share Amount Share
Net income $5,405 $0.04 $9,437 $0.08 $14,842 0.12
Highlighted items: Impacting gross margin: Stock compensation expense 201 - 245 - 446 -
Impacting operating expenses: Integration costs 427 - - - 427 - Restructuring charges - adjustments to existing accruals 405 - 175 - 580 - Amortization of intangible assets 13,254 0.10 12,454 0.10 25,708 0.20 Stock compensation expense 2,350 0.02 2,595 0.02 4,945 0.04
Tax related to highlighted items above (6,294) (0.05) (5,732) (0.05) (12,026) (0.09)
Total highlighted items 10,343 0.08 9,737 0.08 20,080 0.16 Net income excluding highlighted items $15,748 $0.12 $19,174 $0.15 $34,922 $0.27
131,981 124,651 128,190
Q1 2007 Q2 2007 YTD 2007 Per Per Per Diluted Diluted Diluted Amount Share Amount Share Amount Share
Net income $37,644 $0.34 $23,274 $0.21 $60,918 0.55
Highlighted items: Impacting gross margin: Stock compensation expense 165 - 229 - 394 -
Impacting operating expenses: Gains related to previously written off receivables (377) - - - (377) - Restructuring charges - adjustments to existing accruals 421 - - - 421 - Amortization of intangible assets 58 - 58 - 116 - Stock compensation expense 2,491 0.02 3,149 0.03 5,640 0.05
Impacting net income (loss) from continuing operations: Gains related to terminated acquisition, net of expenses (22,835) (0.21) - - (22,835) (0.21) Gain on deferred compensation assets - - (1,345) (0.01) (1,345) (0.01)
Impacting income tax expense: Adjustments of income tax valuation allowances and research & development credits and other (3,246) (0.03) - - (3,246) (0.03)
Tax related to highlighted items above 7,754 0.07 (670) (0.01) 7,084 0.06
Total highlighted items (15,569) (0.14) 1,421 0.01 (14,148) (0.13) Net income excluding highlighted items $22,075 $0.20 $24,695 $0.22 $46,770 $0.42
110,988 111,698 111,340
With respect to stock compensation expense, ARRIS records non-cash compensation expense related to grants of options and restricted stock. Depending upon the size, timing and the terms of the grants, this non-cash compensation expense may vary significantly. In prior periods, ARRIS recognized a gain in Q1 of 2007 associated with previously written off receivables. With respect to amortization of intangibles, the intangibles being amortized relate to our recent acquisition of C-COR. The restructuring charge adjustments reflect items that, although they or similar items might recur, are of a nature and magnitude that identifying them separately provides investors with a greater ability to project ARRIS' future performance. In the second quarter of 2007, ARRIS realized a gain before tax of $1.3 million on its deferred compensation asset that had been previously recorded as an unrealized gain on the balance sheet. During the first quarter of 2007, ARRIS announced that it entered into a transaction agreement with TANDBERG Television ASA, in which ARRIS was to buy all the outstanding shares of TANDBERG. ARRIS was subsequently outbid by another buyer and the transaction agreement was terminated during the first quarter 2007. ARRIS recorded gains, net before tax, of $22.8 million related to the termination of the transaction (termination fee, foreign exchange gains, and expenses). The net termination fee resulted in a capital gain which provided greater access to prior tax capital losses that had previously been viewed as more likely than not unrealizable. As a result, net income tax valuation allowances totaling $3.2 million were reversed in the first quarter 2007. During the first quarter of 2008, ARRIS recorded incremental costs of $0.4 million as a result of the C- COR integration.
In assessing operating performance and preparing budgets and forecasts, ARRIS' management considers performance after making these adjustments and believes that providing investors with the same information provides greater transparency and insight into management's analysis. ARRIS expects to continue providing similar information in the future with schedules reconciling the differences between GAAP and non-GAAP financial measures.
ARRIS GROUP, INC.
Supplemental Third Quarter Net Income Reconciliation (unaudited) Q3 EPS 2008 Guidance
Estimated GAAP EPS - diluted $0.13 - $0.18 Reconciling Items Amortization of intangibles, after tax 0.05 Stock compensation expense, after tax 0.01 Subtotal 0.06 Estimated adjusted (non-GAAP) EPS - diluted $0.19 - $0.24
See the Supplemental Net Income Reconciliation for a discussion regarding management's reasoning for providing this non-GAAP financial measure
DATASOURCE: ARRIS Group, Inc.
CONTACT: Jim Bauer, Investor Relations, ARRIS Group, Inc.,
+1-678-473-2647,
Web site: http://www.arrisi.com/
ARRIS to Display End-to-End Quadruple Play and Symmetrical Up and Downstream Channel Bonding at SCTE Expo 2008
Date : 06/10/2008 @ 2:51PM
Source : PR Newswire
Stock : Arris Grp. (MM) (ARRS)
Quote : 9.21 -0.15 (-1.60%) @ 11:12AM
<< Back Quote Chart Financials Trades
ARRIS to Display End-to-End Quadruple Play and Symmetrical Up and Downstream Channel Bonding at SCTE Expo 2008
Unified Video Platform, Assurance Portfolio, DOCSIS(R) 3.0 Voice and Data, Fair Bandwidth Management, Access, Transport and Supplies, OSS, FMC and Business Services among Solutions on Display
SUWANEE, Ga., June 10 /PRNewswire-FirstCall/ -- ARRIS (NASDAQ:ARRS) continues its strong tradition of supporting SCTE EXPO by sponsoring a General Session panel of key industry leaders as well as the Expo Evening. ARRIS will also present five technical papers and demonstrate its portfolio of broadband products and solutions at Booth # 2050 at this year's SCTE EXPO in Philadelphia, June 25-27. Among the highlights are:
Wideband Voice and Data delivery, featuring Symmetrical Up and Downstream channel bonding via the DOCSIS 3.0-qualified ARRIS C4(R) CMTS and Wideband Voice and Data Modem products. Also on display are the ARRIS spectrum analyzer and intelligent channel optimizer, wireless E-MTAs and cable modems and E-1 and T-1 modems.
ARRIS Unified Video Management Platform, featuring Video on Demand, Digital Program Insertion (DPI), Switched Digital Video (SDV), On Demand and Linear Addressable Advertising Insertion, and Network PVR. Among the elements enabling these applications are the n5c video server, SkyVision Ad Insertion Platform, D5(TM) Universal Edge QAM, the ARRIS Edge Resource Manager, nABLE Ad Decision Manager and Digital Video Session Manager.
Live WorkAssure(TM) and ServAssure(TM) automated, paperless operational support systems (OSS) that optimize network efficiency, bandwidth, work force and customer management. These solutions minimize the cost of customer installations and service calls by providing real-time information on the quality of the customer's experience and network performance.
The ARRIS Fair Bandwidth Management solution that offers cable operators an unobtrusive tool to effectively avoid network congestion. The Fair Bandwidth Management solution helps operators identify specific customer data usage levels that are causing the congestion and, during peak usage times, adjust those specific users' speeds without disrupting their quality of experience, while alleviating the congestion affecting all other customers online. It is a CMTS and service protocol agnostic tool that is the industry's first scalable and reliable solution for fairly managing subscriber use of the network.
The latest ARRIS Access, Transport and Supply products, including the CHP Max5000(TM) Converged Headend platform, the Opti Max node series, Flex Max(R) amp series and the brand new CORWave(TM) multi-wavelength system which simultaneously supports both residential and business service applications. Additionally, a full line of infrastructure products and OpEx reducing services needed to build, rebuild, upgrade and maintain broadband HFC networks will be demonstrated, along with presentations describing ARRIS network design and integration services.
ARRIS solutions tailored for the Small to Medium Business marketplace, including the ARRIS Touchstone(R) Voice and Data product line, TDM Emulation & Carrier Ethernet product line, and ServAssure management products - all of which offer a full range of support for MSOs providing commercial services. Touchstone Products include support of PacketCable(TM) and SIP voice, high- speed data modems, wireless modems, commercial services aggregators, and a full suite of third-party integrated voice and data solutions.
The ARRIS Fixed/Mobile Convergence solution supports the evolution of today's HFC telephony services towards convergence and the introduction of mobile voice services. The highly-scalable Mobility Application Server operates as an MVNO gateway and thus supports a range of converged voice and data services, providing the operator with the ability to deliver an attractive mobile service offering, while minimizing service costs by offloading voice and data traffic to the landline network. Visitors to the ARRIS booth will see ARRIS' Mobility Application Server providing seamless voice call continuity and converged data services on a range of Symbian and Windows Mobile platforms.
ARRIS is sponsoring a General Session breakfast panel Wednesday, June 25th from 7:00-8:00 AM: "Coming Soon to a Cable System near You" featuring ARRIS CTO Ken Wright, interviewing Comcast EVP John Schanz, Liberty Global CTO Balan Nair and Rogers EVP Dermot O'Carroll.
ARRIS is also a sponsor of Expo Evening at the National Constitution Center on Wednesday, June 25th.
The five technical papers that ARRIS engineers will present are:
- Carrier Ethernet Over DOCSIS(R): A Proposed Target Architecture for DOCSIS Service Providers: Mike Emmendorfer, ARRIS Senior Director, Solution Architecture and Strategy, Office of the CSO, Thursday 8:00- 9:15AM and Friday Noon-1:15PM - Revenue Assurance Opportunity: Managing Cable Fraud across Video and HSD Dan Rice, ARRIS Vice President, Technology Strategy, Advanced Technology and Services Group -- Thursday 8:00-9:15AM and 9:30-10:45AM - Proactive Network Visibility: Mapping Is the OSS Final Frontier: Robert F. Cruickshank III, ARRIS Vice President, Operations and Business Support Strategies -- Thursday 8:00-9:15AM and 11:00AM-12:15PM - On the Evolution of the HFC Network and the DOCSIS(R) CMTS: A Roadmap for the 2012-2016 Era, Tom Cloonan, ARRIS Chief Strategy Officer - Thursday 8:00-9:15AM and Friday 1:30-2:45PM - The OSS Lifeline: Carl Bolin, Senior Regional Technical Operations Manager, Brighthouse & Robert Cruickshank, ARRIS VP, Operations and Business Support Strategies - Thursday 8:00-9:15 AM and 11:00AM-12:15PM
For more info, visit http://www.arrisi.com/events .
UPDATE - Friedman upgrades Arris Group to outperform
at Reuters(Wed, May 21)
Arris Signs Purchase Agreement with Comcast for DOCSIS(R) 3.0 CMTS
Saturday May 17, 4:00 pm ET
SUWANEE, Ga., May 17 /PRNewswire-FirstCall/ -- ARRIS (Nasdaq: ARRS - News) announced today that it has entered into an agreement with Comcast, the nation's leading provider of entertainment, information and communications products and services, for the purchase of the latest generation of C4® Cable Modem Termination System (CMTS) chassis from ARRIS.
ADVERTISEMENT
The DOCSIS 3.0 C4 CMTS enhances the existing hybrid-fiber coax infrastructure to deliver higher Internet connection speeds of up to 160 Mbps using channel bonding technology. A graceful enhancement process allows the cost-effective introduction of this major technology upgrade to the existing installed base of C4 CMTS, and greatly increases the overall capacity of the platform. The technology provides the service operator greater flexibility in being able to provision upstream and downstream capacity independently, providing the ability to tune each configuration to the traffic patterns of the network. ARRIS' ongoing commitment to industry standards means other features such as extended address management are also provided.
"Comcast continues to be an integral part of our planning process and we are excited to receive this initial order from them," said ARRIS Chairman and CEO Bob Stanzione. "The increased speeds and capabilities provided by DOCSIS 3.0 will change the way people use the Internet, providing a network capable of delivering personalized content anytime, anywhere."
For more information about the ARRIS C4 CMTS, visit http://www.arrisi.com/get/c4.
Form 10-Q for ARRIS GROUP INC
--------------------------------------------------------------------------------
9-May-2008
Quarterly Report
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Overview
We are a global communications technology company specializing in integrated broadband network solutions that include products, systems and software for content and operations management, and professional services. We develop, manufacture and supply cable telephony, video and high-speed data equipment. In addition, we are a leading supplier of infrastructure products used by cable system operators to build-out and maintain HFC networks. We provide products and equipment principally to cable system operators and, more specifically, to MSOs. Our products allow MSOs and other broadband service providers to deliver a full range of integrated voice, video and high-speed data services to their subscribers. Our core strategy is to lead network operators through the transition to Internet Protocol-based networks by leveraging our extensive global installed base of products and experienced workforce to deliver network solutions that meet the business needs of our customers. Our Strategy and Key Highlights
Our long-term business strategy includes the following key elements:
• Transition to IP with an "Everything IP, Everywhere" philosophy and build on current market successes;
• Leverage our current voice, video, and data businesses;
• Expand our existing product/services portfolio through internal developments, partnerships and acquisitions; and
• Maintain and improve an already strong capital and expense structure.
Our mission is to simplify technology, facilitate its implementation, and enable operators to put their subscribers in control of their entertainment, information, and communication needs. Through a set of business solutions that respond to specific market needs, we are integrating our products, software, and services solutions to work with our customers as they address Internet Protocol telephony deployment, high speed data deployment, network capacity issues, on demand video rollout, operations management, network integration, and business services opportunities.
Below is a summary of some of our key trends, actions and highlights relative to these strategies:
"Everything IP, Everywhere" is taking hold as MSOs globally have embraced VoIP and are now rapidly deploying this key new service.
• We have successfully leveraged our existing market position and industry experience to continue to generate robust demand for both EMTA and CMTS products. Further, we have leveraged the market position we acquired as a result of the purchase of C-COR in December 2007 to increase sales of new products, notably Video on Demand, Operations Support Software, Access, and Transport.
• As expected, sales to Comcast for all products were down significantly in the first quarter. We expect sales to Comcast to increase in future quarters.
• We experienced increased sales to other customers, notably Time Warner, Charter and certain international customers.
• We expect strong demand for CMTS products to continue in future periods as new services and competition between our customers and their competitors intensifies the need to provide ever faster download speeds requiring added CMTS capacity and features. In the second half of 2008, a new generation of CMTS products based upon the DOCSIS 3.0 standard is expected to be introduced. It is possible that customers may reduce their short term purchases of DOCSIS 2.0 CMTS products in anticipation of the new product.
• We introduced our Universal EdgeQAM D5 late in 2007. Our expectation, based on customer input, was that demand for this product would be robust in the first quarter of 2008 driven by Switched Digital Video (SDV) requirements. However, customers, in particular Comcast, have since delayed purchasing decisions. We have expanded our marketing and development efforts to include other applications including Modular CMTS, Broadcast and Video on Demand. We expect that sales of this new product will ramp up through 2008 but at a slower rate than initially expected. Initial margins on this product will be low until cost reductions can be implemented later in 2008
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Table of Contents
• We expect demand for EMTAs to remain robust; however, we do not anticipate the growth in aggregate sales we have enjoyed for the past few years. Many of our customers have now passed through the initial launch stage, and are at "steady state" deployment rates and may not continue to incrementally increase the rate of their purchases. While most of our customers have a multi-vendor strategy, we enjoyed 100% market share with many customers well into 2007. In late 2007, several of our customers awarded a portion of their business to our competitors, which we expect will continue. Our ultimate level of sales of EMTAs will be affected by, but not limited to, such factors as the success our customers have marketing IP telephony to their subscribers, and the success our customers have retaining their IP telephony subscribers as well as our ability to limit the impact of the implementation of a multi-vendor strategy by our customers. We also anticipate ongoing competition for EMTAs in the future. The deployment of higher speed data service tiers will require new DOCSIS 3.0 capable EMTAs and modems, providing opportunity for sales of a new generation of CPE devices starting in the second half of 2008.
• Through our acquisition of C-COR in late 2007 we expanded our portfolio to include several key new products that leverage the IP spending of our customers. The Access and Transport products are expected to benefit from the plant upgrades MSOs will undertake to expand the capacity they will require to offer new services to their subscribers. The operations support system ("OSS") and On-Demand products also are well positioned to provide value added services and operational improvements to the MSOs.
We continue to invest significantly in research and development.
• We have made significant investments through our research and development efforts in new products and expansion of our existing products. Our primary focus has been on products and services that will enable MSOs to build and operate high-availability, fault-tolerant networks, which allow them to generate greater revenue by offering high-speed data, IP telephony and digital video. This "success-based" capital expenditure is becoming an increasing portion of the cable operators' total capital spending. In addition, some MSOs have expressed interest in offering bundled wireless telephony as part of their product offering. This product, known as Fixed Mobile Convergence (FMC), will allow cable subscribers to use mobile phones in their homes, connecting to the MSOs' VoIP network in the home, and to roam from the home VoIP network to the cellular network outside of the home and back seamlessly. We are developing products to support this new offering. With our late 2007 acquisition of C-COR, our research and development was significantly expanded to include Access and Transport, Video on Demand, Ad Insertion and OSS products. In the first quarter of 2008, we spent approximately $28.1 million on research and development, or 10.2% of revenue, which compares to $18.1 million or 7.7% of revenue in the same period last year. We expect to continue to spend similar or slightly higher amounts on research and development in the future. We anticipate we may modestly increase our development efforts on Video on Demand and OSS products.
• Key research and development accomplishments in the first quarter 2008 included:
o Initial lab trials of DOCSIS 3.0 C4 CMTS and TM702 EMTA with lead customers.
o EMTA and Data Modem submitted to Cablelabs for DOCSIS 3.0 certification.
o Added support to the D5 Universal EdgeQAM for multiple additional switched digital video ("SDV") and Video on Demand ("VOD") network. architectures, as well as development of M-CMTS features.
o Transition to lower cost 600-series EMTA.
o Release of CORWave multi-wavelength optics platform which provides increased network capacity over existing infrastructure for residential and business applications.
o Release of first of its kind, segmentable optical node design specifically for the European market.
o Release of upgrade kit to allow conversion of existing amplifier deployments to optical nodes in support of 'fiber deep' push and targeted service areas.
o Product enhancements for our Assurance/OSS product line.
o Product enhancements for our nABLE video backoffice platform.
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At the end of the first quarter, we had cash, cash equivalents and short term investments of approximately $293 million. In the quarter we repurchased 13 million shares, and redeemed $35 million of convertible debt.
• In the first quarter 2008 we announced a share buyback program of up to $100 million. In the quarter we repurchased 13 million shares at an average price of $5.84 per share for an aggregate consideration of approximately $76 million.
• As anticipated, in the first quarter 2008 we redeemed, at par, $35 million of convertible notes we assumed as part of the C-COR acquisition.
• We generated $30.5 million of cash from operating activities in the first quarter 2008.
• Through a combination of our cash resources, anticipated cash generation from operating activities and our ability to access capital markets, we continue to be well positioned to execute on strategic opportunities.
Our income statement reflects several significant items year-over- year
• As a result of the acquisition of C-COR in late 2007, sales, gross margin and operating expenses significantly increased. Below is a table which compares first quarter 2008 results to ARRIS and C-COR results for the first quarter 2007:
Results for ARRIS and C-COR
(in millions, except gross margin percentages)
(unaudited)
Three Months Ended March 31,
ARRIS ARRIS C-COR
2008 2007 2007 (1) (2)
Sales 273.5 235.3 73.0
Gross margin - $ 85.2 68.7 32.7
Gross margin - % 31.2 % 29.2 % 44.8 %
SG&A 37.0 24.2 14.9
R&D 28.1 18.1 8.7
Restructuring & impairment 0.4 0.4 0.2
Amortization of intangibles 13.2 - 0.8
Operating income 6.5 26.0 8.1
(1) See C-COR Form 8-K filed with the Securities and Exchange Commission on 8/27/2007.
(2) C-COR gross margin and SG&A have been adjusted to conform to ARRIS accounting policies with respect to freight billed to customers.
• In the first quarter of 2007 we recorded a net gain of $22.8 million related to the termination of the proposed TANDBERG acquisition. We did not experience a similar event in 2008. In the first quarter of 2007 we recorded a tax expense of $15.6 million, which equates to an effective tax rate of 29.3%. Included in the tax expense are discrete items, per the guidance of Accounting Principles Board ("APB") Opinion 28, Interim Financial Reporting, related to the terminated TANDBERG transaction. The foreign exchange gain, break-up fee and deal expenses were considered discrete items and were recorded at a marginal tax rate of 38.0%. The break-up fee and expenses are considered to be capital in nature versus ordinary income. As a result, we reversed a net $3.2 million of deferred tax valuation allowances as we viewed it as more likely than not that we would be able to utilize the capital gain NOLs to offset the capital gain recorded as a result of the TANDBERG break-up fee net of expenses. In the first quarter of 2008, we recorded a tax expense of $3.3 million which equates to an effective tax rate of 37.8%. We did not have any discrete items in the first quarter of 2008. We anticipate that our average tax rate for 2008 will be approximately 35%. Achieving this rate is dependent on Congress passing legislation associated with the continuation of Qualified Research Expenditures. If such legislation is not passed or is not retroactively applied, we believe the effective tax rate will be approximately 38%.
Our outstanding share count has increased year over year reflecting several factors:
• We issued approximately 25 million shares as partial consideration for the purchase of C-COR in 2007.
• We repurchased approximately 13 million shares as part of our share buyback program in the first quarter of 2008.
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Significant Customers
The vast majority of our sales are to cable system operators worldwide. As the U.S. cable industry continued a trend toward consolidation, the six largest MSOs controlled approximately 89.2% of the revenue generating units ("RGUs") within the U.S. cable market (according to Dataxis in the third quarter 2007), thereby making our sales to those MSOs critical to our success. Our sales are substantially dependent upon a system operator's selection of ARRIS' network equipment, demand for increased broadband services by subscribers, and general capital expenditure levels by system operators. Our three largest customers (including their affiliates, as applicable) are Charter, Comcast, and Time Warner Cable. From time-to-time, the affiliates included in our revenues from these customers have changed as a result of mergers and acquisitions. Therefore, the revenue for our customers for prior periods has been adjusted to include, on a comparable basis for all periods presented, the affiliates currently understood to be under common control. A summary of sales to these customers for the three month periods ended March 31, 2008 and 2007 are set forth below (in thousands):
Three Months Ended
March 31,
(unaudited)
2008 2007
Charter $ 29,018 $ 16,676
% of sales 10.6 % 7.1 %
Comcast $ 34,224 $ 82,514
% of sales 12.5 % 35.1 %
Time Warner Cable $ 70,961 $ 22,380
% of sales 25.9 % 9.5 %
Comparison of Operations for the Three Months Ended March 31, 2008 and 2007 In general, most comparisons of the first quarter results of 2008 to 2007 will show an increase in amounts due to the incremental impact of the C-COR acquisition in December 2007.
Net Sales
The table below sets forth our net sales for the three months ended March 31, 2008 and 2007, for each of our segments (in millions):
Net Sales
Three Months Ended Increase (decrease) -
March 31, (unaudited) 2008 vs. 2007
2008 2007 $ %
Business Segment:
Broadband Communications Systems $ 189.6 $ 199.0 $ (9.4 ) (4.7 )%
Access, Transport & Supplies 72.9 36.0 36.9 102.5 %
Media & Communications Systems 11.0 0.3 10.7 3566.7 %
Total sales $ 273.5 $ 235.3 $ 38.2 16.2 %
The table below sets forth our domestic and international sales for the three months ended March 31, 2008 and 2007 (in millions):
Net Sales
Three Months Ended Increase -
March 31, (unaudited) 2008 vs. 2007
2008 2007 $ %
Domestic sales $ 188.7 $ 174.8 $ 13.9 8.0 %
International sales 84.8 60.5 24.3 40.2 %
Total sales $ 273.5 $ 235.3 $ 38.2 16.2 %
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Broadband Communication Systems Net Sales 2008 vs. 2007 During the first quarter of 2008, sales of our BCS segment products decreased by approximately 4.7% as compared to the first quarter of 2007. This decrease in sales resulted from:
• As expected, we had lower sales to Comcast of both CMTS and EMTAs. Sales to Comcast of EMTAs are expected to increase in the second quarter of 2008. Sales of CMTS to Comcast are expected to increase in conjunction with the launch of our DOCSIS 3.0 product in the third quarter 2008.
• The declines associated with Comcast were partially offset with gains at several customers, notably Time Warner, Charter and certain international customers.
Access, Transport and Supplies Net Sales 2008 vs. 2007 Access, Transport and Supplies segment revenue increased by approximately 102.5% in the first quarter of 2008, as compared to the first quarter of 2007:
• The increase was the result of the acquisition of C-COR. In 2007 we estimate that C-COR recorded sales of approximately $57 million associated with this segment.
• 2007 sales in this segment represent sales of our Supplies products. Year over year sales of these products modestly declined primarily as a result of lower purchases by Comcast.
Media & Communication Systems Net Sales 2008 vs. 2007 Media & Communication Systems revenue increased in the first quarter of 2008, as compared to the first quarter of 2007. This increase is attributable to the C-COR acquisition.
Gross Margin
The table below sets forth our gross margin for the three months ended March 31, 2008 and 2007, for each of our reporting segments (in millions):
Gross Margin $
Three Months Ended Increase (decrease)
March 31, (unaudited) 2008 vs. 2007
2008 2007 $ %
Business Segment:
Broadband Communications Systems $ 58.0 $ 62.4 $ (4.4 ) (7.1 )%
Access, Transport and Supplies 21.9 6.4 15.5 242.2 %
Media & Communications Systems 5.4 (0.1 ) 5.5 5500.0 %
Total $ 85.3 $ 68.7 $ 16.6 24.2 %
The table below sets forth our gross margin percentages for the three months ended March 31, 2008 and 2007, for each of our business segments:
Gross Margin %
Three Months Ended Percentage Point
March 31, (unaudited) Increase (Decrease)
2008 2007 2008 vs. 2007
Business Segment:
Broadband Communications Systems 30.6 % 31.4 % (0.8 )
Access, Transport and Supplies 30.0 % 17.8 % 12.2
Media & Communications Systems 49.0 % (52.6 )% 101.6
Total 31.2 % 29.2 % 2.0
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Broadband Communications Systems Gross Margin 2008 vs. 2007 Broadband Communications Systems segment gross margin dollars and percentage decreased year over year:
• The reduction in gross margin dollars was the result of lower sales.
• The reduction in gross margin percentage reflects product mix.
Access, Transport and Supplies Gross Margin 2008 vs. 2007 The Access, Transport and Supplies segment gross margin dollars and percentage increased year over year:
• The increase in revenues year-over-year significantly impacted gross margin dollars.
• The increase in gross margin percentage was the result of the addition of higher margin Access and Transport products which we added to our portfolio as part of the C-COR acquisition.
Media & Communications Systems Gross Margin 2008 vs. 2007 Media & Communications Systems segment gross margin dollars and percentage increased year over year:
• The increases are attributable to the Video on Demand and OSS products we added to our portfolio as a result of the C-COR acquisition.
Operating Expenses
The table below provides detail regarding our operating expenses (in millions):
Operating Expenses
Three Months Ended March 31, Increase (Decrease) -2008 vs. 2007
2008 2007 $ %
Selling general and administrative $ 37.0 $ 24.2 $ 12.8 52.9 %
Research and development 28.1 18.1 10.0 55.2 %
Restructuring & impairment 0.4 0.4 0.0 0.0 %
Amortization of intangibles 13.3 0.1 13.2 13200.0 %
Total $ 78.8 $ 42.8 $ 36.0 84.1 %
Selling, General, and Administrative, or SG&A, Expenses The year over year increase in SG&A expense reflects:
• The inclusion of expenses associated with the former C-COR. In the first quarter of 2007, we estimate that C-COR spent approximately $14.9 million for SG&A expenses.
• We estimate that we have achieved approximately $2 million of SG&A synergies associated with the C-COR acquisition in the first quarter.
Research & Development Expenses
We continue to aggressively invest in research and development. Our primary focus is on products that allow MSOs to capture new revenues and reduce operating costs. The increase in research and development expense reflects:
• The inclusion of expenses associated with the former C-COR. In the first quarter 2007 we estimate that C-COR spent approximately $8.7 million for R&D expenses.
• We anticipate that we may modestly increase our R&D spending as a combined company, particularly on Video on Demand and OSS products.
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Restructuring and Impairment Charges
On a quarterly basis, we review our existing restructuring accruals and make adjustments if necessary. For the first three months of 2008 and 2007, we recorded $0.4 million. The $0.4 million recorded in the first quarter 2008 related to severance for the C-COR acquisition and changes in estimates associated with real estate leases. The $0.4 million recorded in the first quarter of 2007 related to changes in estimates associated with real estate leases. These adjustments were required due to changes to the initial estimates used.
Amortization of Intangibles
Intangibles amortization expense for the three months ended March 31, 2008 and 2007 was $13.3 million and $0.1 million, respectively. Our intangible expense for 2008 represents the amortization of intangible assets acquired as a result of the C-COR acquisition in December of 2007. Our intangible expense for 2007 represents the amortization of existing technology acquired as a result of the cXm Broadband acquisition in the second quarter of 2005, which were fully amortized by the end of 2007.
Other Expense (Income)
Interest Expense
Interest expense for the first quarter 2008 and 2007 was $1.5 million and $1.7 million, respectively. Interest expense reflects interest and the amortization of deferred finance fees primarily associated with our $276.0 million 2% convertible subordinated notes. Loss (Gain) in Foreign Currency
During the first quarter 2008, we recorded a foreign currency gain of approximately $1.0 million. During the first quarter 2007, we recorded a foreign currency loss of approximately $0.3 million. The gains and losses are primarily driven by the fluctuation of the value of the euro, as compared to the U.S. dollar, as we had several European customers whose receivables and collections are denominated in euros. We have implemented a hedging strategy to mitigate the monetary exchange fluctuations from the time of invoice to the time of payment, and have occasionally entered into forward contracts based on a percentage of expected foreign currency receipts.
Interest Income
Interest income during the first quarter of 2008 and 2007 was $2.7 million and $6.5 million, respectively. The income reflects interest earned on cash, cash equivalents and short term investments. Interest income decreased year over year as result of: 1) having less cash on hand due to the use of $289 million of cash to partially fund the C-COR acquisition, $76 million to fund share repurchases, and $35 million to redeem the convertible notes and 2) lower interest rates earned in 2008 as compared to 2007.
Gains Related to Terminated Acquisition, Net of Expenses In the first quarter of 2007 we recorded a net gain of $22.8 million related to the proposed TANDBERG Television acquisition which was terminated in March 2007. The gain consisted of a termination fee of $18.0 million, gains of $12.3 million on foreign exchange contracts we entered into to hedge the purchase, offset by expenses incurred of approximately $7.5 million. Other Expense (Income)
Other expense (income) for the three months ended March 31, 2008 and 2007 was ($0.0) million and $0.1 million, respectively, and relates primarily to bank fees.
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ARRIS Receives DOCSIS(R) 3.0 Certification from CableLabs(R) for Touchstone 702G 160 Mbps E-MTA
Friday May 9, 12:09 pm ET
When Deployed with Certified DOCSIS 3.0 CMTS, Cable Operators Assured of End- to-End DOCSIS(R) 3.0 VoIP and High Speed Data Solution
SUWANEE, Ga., May 9 /PRNewswire-FirstCall/ -- ARRIS Group, Inc. (Nasdaq: ARRS - News), today announced that its Touchstone® 702G Embedded Multimedia Terminal Adapter (E-MTA) has received DOCSIS 3.0 Certification in CableLabs' Certification Wave 58. The 702G supports up to four bonded channels in both the upstream and downstream directions, allowing operators to offer up to 120 Mbps upstream and 160 Mbps downstream high speed data services. The 702G also supports two lines of PacketCable compliant carrier grade VoIP.
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"This certification wave is another tremendous milestone for ARRIS and the cable industry, and the culmination of several years of effort on the part of cable operators and suppliers," said Bruce McClelland, President, ARRIS Broadband Communications Systems. "Cable operators around the world are demanding new innovative products that combine the many benefits enabled by DOCSIS 3.0 with the power of the voice and data bundle. The Touchstone 702G E-MTA, especially when combined with the C4 CMTS provides a platform for advanced applications for both residential and commercial services."
"We are delighted to be among the first recipients of DOCSIS 3.0 certification," said ARRIS Chief Strategy Officer Tom Cloonan. "This honor marks the beginning of a new era for DOCSIS Cable Data services. Through the use of DOCSIS 3.0 Channel Bonding, MSOs will continue deploying high-capacity Internet service at lower cost to each of their subscribers without being constrained by the capacity of a single DOCSIS channel. As a result, many new applications will be enable that can capitalize on 160 Mbps channels or higher."
About ARRIS
ARRIS Workflow Management Suite Adds Portuguese Interface
WorkAssure(TM) Automated Software now Available in 4 Languages
SUWANEE, Ga., April 23 /PRNewswire-FirstCall/ -- ARRIS (Nasdaq: ARRS) announced today that its market-leading Field Management Solution, WorkAssure(TM), is now available with a Portuguese language Graphical User Interface, in addition to its existing English, Spanish and French versions, to support the global cable marketplace.
WorkAssure is a paperless, automated operations software system (OSS) solution that enables cable operators to optimize the performance of their field management personnel and enhance the efficiency and accuracy of new subscriber installations while increasing the speed of customer service response times.
WorkAssure has one of the largest number of technicians under contract worldwide -- a measure of the ease of installation and overall quality of the solution. Available from its outset in English and French, the support for Spanish and Portuguese languages demonstrates ARRIS's continued commitment to the growing Latin American cable marketplace.
'ARRIS is primed to supply its premier workforce management solution to the world's cable operators,' said Bailey Shewchuk, ARRIS Vice President & General Manager, Assurance Solutions Division, Media & Communication Systems. 'The flexible design of WorkAssure, not only enables comprehensive language support, but also includes a feature-rich solution with the ability to integrate with multiple outside sources.'
ARRIS to Deliver Technical Papers and Demonstrate Broadband Solutions at Cable Congress in Madrid
SUWANEE, Ga., April 8, 2008 /PRNewswire-FirstCall/ -- ARRIS (Nasdaq: ARRS) today announced that it will present technical papers and demonstrate a variety of next generation broadband solutions at this year's Cable Congress in Madrid, April 23-25.
Jim Lakin, President of ARRIS Advanced Technologies and Services, will speak at Thursday's Technology Session entitled 'The Future Cable Network' at 4:00 PM, April 24th.
Basil Badawiyeh, VP of ARRIS On Demand Product Strategy, will speak at the On Demand Technology panel at 9:30 AM, Friday April 25th.
Additionally, ARRIS will host two displays at Cable Congress, illustrating:
Architectures for Advanced Advertising Opportunities for Cable, and
Benefits of Using DOCSIS(R) 3.0 for Residential Video on Demand.
At Stand #15, ARRIS will demonstrate and have materials available on its:
-- WorkAssure(TM) workforce management and ServAssure(TM) customer
management software systems
-- DOCSIS 3.0-based CMTS solutions
-- ARRIS Video on Demand and Advanced Advertising platforms
-- Digital Programming Insertion
-- Access & Transport Converged Headend Platform
To arrange meetings or schedule interviews with ARRIS technologists or executives, please contact Riki Rau at 33-1-5656-0175 (riki.rau@arrisi.com). For more information on the Cable Congress, visit: www.cablecongress.com.
ARRIS Announces First Quarter 2008 Earnings Release Date and Teleconference Details
SUWANEE, Ga., April 9 /PRNewswire-FirstCall/ -- ARRIS (Nasdaq: ARRS), a global communications technology leader in the development of advanced cable telephony solutions and next generation high speed data across the broadband local access network, today announced that they will release first quarter 2008 financial results after the market close on Tuesday, April 29, 2008. ARRIS management will also conduct a conference call to discuss these results following the release at 5:00 p.m. EDT. You may participate in the ARRIS conference call on Tuesday, April 29, 2008 by dialing (888)713.4218 or (617)213.4870, pass code: 43173899 prior to 5:00 p.m. EDT. ARRIS will not accept any calls after earnings are released on April 29 until after the completion of the scheduled conference call. There will be a replay available about 2 hours after the call through May 2, 2008. You can access the replay by dialing (888)286-8010 or (617)801-6888, pass code: 89070320. Live internet access to the call will be available through the Investors section of the Company's website at http://www.arrisi.com. A replay will also be made available for a period of 12 months following the conference call on the ARRIS website at http://www.arrisi.com.
Please use the following link to pre-register and view important information about this conference call. Pre-registering is not mandatory but is recommended as it will provide you immediate entry into the call and will facilitate the timely start of the conference. Pre-registration only takes a few moments and you may pre-register at anytime, including up to and after the call start time. To pre-register, please click here: https://www.theconferencingservice.com/prereg/key.process?key=PCN46XL7L
Alternatively, if you would rather be placed into the call by an operator, please call (888)713.4218 at least 15 minutes prior to the call start time.
ARRIS Debuts 1 GHz CORWave
CORWave Enables MSOs to Leverage Existing HFC for Business Services, HD-On-Demand and SDV
SUWANEE, Ga., April 10 /PRNewswire-FirstCall/ -- ARRIS (Nasdaq: ARRS) today announced the availability of its 1 GHz CHP CORWave 'closely spaced' CWDM downstream optics. CORWave enables the essential delivery of HD SDV, On Demand and business services on existing MSO fiber networks with superior quality service levels. CORWave was recently certified by a top 3 U.S. cable operator and is scheduled to be deployed by them this quarter. CORWave is an extension of the broadly-deployed, field proven CHP CWDM optics that deliver more capacity over longer-link distances on existing fiber.
When deployed with the ARRIS OptiMax4100 4x4 segmentable nodes, CORWave enables simple, robust multiplexing of twelve wavelengths: four forward, four return and four bidirectional all on one fiber with a link length of up to 25 kilometers. The bidirectional wavelengths are ideally suited for business service applications. When deployed with any of the ARRIS OptiMax segmentable nodes in a 2x2 configuration, CORWave enables longer link lengths of up to 30 kilometers. Furthermore, the technology allows operators the flexibility to select the most cost-efficient solution for their system while recovering fiber for other revenue-generating services.
The CORWave product can be deployed by operators with minimal disruption to consumers without sacrificing their consumers' quality of service.
'Our customers are very clear; their top two priorities are pulling more capacity from existing infrastructure and tapping into commercial businesses opportunities without new infrastructure,' said John Caezza, President, ARRIS Access, Transport and Supplies. 'We built CORWave so that it can expand existing fiber capacity up to 400% both up and downstream, and deliver GbE based data services on very limited fiber counts.'
'ARRIS has over a decade of experience in the design and deployment of multi-wavelength systems and more than 15,000 CHP optical multi-wavelength transmitters deployed since mid 2006,' Caezza further stated. 'This field-proven expertise helps ensure an efficient, robust and reliable solution for network service providers.'
The amount of shares repurchase will approximate to 17 million shares give or take at this shareprice. 1/10 of a billion dollars should move this up nicely.
Huge buy near the end of session:
16:29:54 42657 5.504 + NASD ADF W tq (F)
Must be the company.
Press Release Source: ARRIS Group, Inc.
ARRIS Announces Share Repurchase Program
Tuesday February 19, 8:08 am ET
SUWANEE, Ga., Feb. 19 /PRNewswire-FirstCall/ -- ARRIS Group, Inc. (Nasdaq: ARRS - News), a global technology leader in the development of advanced cable telephony, next generation high-speed data, demand driven video solutions, operations software and broadband access equipment, today announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company's common stock. Shares will be repurchased in the open market or through block purchases at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased will depend on market conditions.
ADVERTISEMENT
"We consider a repurchase of our shares to be a sound investment for our Company," said Bob Stanzione, ARRIS Chairman & CEO. "The repurchase authorization by our Board of Directors reflects our strong confidence in the markets that we serve, in the future of ARRIS and also demonstrates our continuing commitment to pursuing opportunities to create shareholder value."
ARRIS is a global communications technology company specializing in the design, engineering and supply of technology supporting triple and quad-play broadband services for residential and business customers around the world. The company supplies broadband operators with the tools and platforms they need to deliver reliable telephony, demand driven video, next-generation advertising and high-speed data services. ARRIS products expand and help grow network capacity with access and outside plant construction equipment, reliably deliver voice, video and data services and assure optimal service delivery for end customers. Headquartered in Suwanee, Georgia, USA, ARRIS has R&D centers in Atlanta, Chicago, Beaverton, State College, Wallingford, Ireland and China, and operates support and sales offices throughout the world. Information about ARRIS products and services can be found at http://www.arrisi.com .
Statements made in this press release regarding the Company's share repurchase program are forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things, sufficient share may not be available at appropriate prices, alternative uses may develop for the Company's funds, and market and other conditions may change. These factors are not intended to be an all-encompassing list of applicable risks and uncertainties. Additional information regarding these and other factors can be found in ARRIS' reports filed with the Securities and Exchange Commission, including its Form 10-Q for the quarter ended September 30, 2007. In providing forward-looking statements, the Company expressly disclaims any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Source: ARRIS Group, Inc.
T&S
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ARRIS (Nasdaq: ARRS) will demonstrate its comprehensive suite of end-to-end network solutions for the Chinese cable market during the CCBN Show, March 20 - 23 in Beijing, China. ARRIS, which recently completed the acquisition of C-COR, offers a wide range of tested-to-scale integrated DOCSIS 3.0 network solutions, wideband data, voice over IP, on demand video and addressable advertising, along with the network upgrade, system monitoring and back office solutions that support the services their customers want.
Board of Directors voted to repurchase $100million of ARRS stock to support its shareholders and stock valuation.
ARRS down 15.99%
it looks like you were right. ouch.
Motorolla may be the best place to be.
American Capital Partners, LLC is pushing this stock.
I never made money in something a Broker called me on the telephone about.
Watch out!
Welcome to the New ARRS Message Board
Upward Trend
Seems that an upward trend had started back in July. If it continues, we could see new highs.
Funny I started this board years ago but never made a post. Only noticed it now as Matt and company added a new feature showing how many boards a person moderates.
Nice stock by the way, doing very nicely recently.
GG
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Press Release Source: ARRIS Group, Inc.
ARRIS Announces Share Repurchase Program
Tuesday February 19, 8:08 am ET
SUWANEE, Ga., Feb. 19 /PRNewswire-FirstCall/ -- ARRIS Group, Inc. (Nasdaq: ARRS - News), a global technology leader in the development of advanced cable telephony, next generation high-speed data, demand driven video solutions, operations software and broadband access equipment, today announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company's common stock. Shares will be repurchased in the open market or through block purchases at times and prices considered appropriate by the Company. The timing of any purchases and the exact number of shares to be purchased will depend on market conditions.
ARRIS Group
3871 Lakefield Drive
Suwanee, GA 30024
Phone - 678-473-2647
Fax - 847-615-8924
http://www.arrisi.com/
DETAILS
Index Membership: S&P 600 SmallCap
Sector: Technology
Industry: Communication Equipment
Full Time Employees: 1,992
About Us
ARRIS is a global communications technology company specializing in the design and engineering of broadband networks. We are a leading developer, manufacturer and supplier of cable telephony, video and high-speed data equipment, as well as outside plant construction and maintenance equipment for cable system operators.
Delivery of Broadband Access Products
The demand for broadband services seems to be insatiable. In nearly every part of the world, consumers are becoming ever more dependent on their local broadband access provider for their entertainment, information and ability to communicate. Those providers, in turn, look to cutting-edge suppliers like ARRIS to deliver the next generation voice, video and high-speed data solutions that their customers demand. Cable companies and other broadband providers worldwide depend on the type of standards-based, tested-to-scale, next-generation voice, video and data solutions at which ARRIS excels:
Cable telephony solutions for all types of network configurations. ARRIS is the world leader in providing cable telephony access equipment for circuit-switched and IP networks, including VoIP cable telephony.
Carrier-grade, high-speed data network solutions to bring Internet applications to subscribers. Solutions include the ability to tier, or charge by bandwidth usage, for Internet access.
Subscriber premise products that are DOCSIS® 2.0 and Euro-DOCSIS 2.0- certified and have met PacketCable™ certification standards. These products enable operators to bring cost-effective, carrier-grade IP data and telephony to their subscribers.
Cable system infrastructure products -- ARRIS is one of the world’s leading suppliers of HFC infrastructure communications and networking equipment, offering customers an array of construction and maintenance products from hundreds of manufacturers.
ARRIS has evolved dramatically over the last decade, bringing the expertise and core business competencies of its earlier incarnations to bear: the LANcity tradition of cable modem pioneering; Arris Interactive’s Cornerstone® Voice cable telephony market leadership; and the relationships forged at system and MSO level operations over the past 30 years, through the Anixter-ANTEC-TeleWire Supply® evolution.
Looking to the future, ARRIS will continue to offer broadband network providers the best technological expertise and advanced voice, video and data product portfolio – drawn from its 3 distinct areas of leadership: undisputed CBR voice expertise; DOCSIS-based voice, video and data IP network expertise; and TeleWire Supply’s 50 plus years of experience in HFC network infrastructure product distribution.
High-Speed Data Innovation
The data roots of ARRIS go back to LANcity, the pioneer of high-speed data products. LANcity’s portfolio of cable modems evolved during the 1990’s, with the introduction of the first residential-use cable modem in 1995.The next year, LANcity was purchased by Bay Networks, which was subsequently purchased by Nortel. In 1999, Nortel Networks sold its Broadband Technology Division to Arris Interactive, one of the key companies comprising the ARRIS of today.
During the late 1990’s, the global cable markets began embracing the emerging standards-based technology known as DOCSIS® (Data Over Cable Service Interface Specification) and Euro-DOCSIS in Europe and moving away from proprietary technologies. ARRIS engineers participated in writing the DOCSIS specification and subsequently developed and introduced a variety of DOCSIS-based products to meet this demand.
A current major growth area for ARRIS in high-speed data equipment is the Cable Modem Termination System (CMTS) product line. Initially, this product line included DOCSIS 1.0 and DOCSIS 1.1 single rack unit CMTSs for small to mid size operators. With the acquisition of Cadant® and the CMTS assets of Com21, this portfolio has expanded to chassis-designed units for larger operators as well as a full DOCSIS 2.0-qualified product line to meet the needs of any size operator.
Voice Expertise
Today, ARRIS is the undisputed leader in supplying global cable telephony equipment, with nearly 5 million lines deployed worldwide.
The first trials of the ARRIS Cornerstone® Voice system began in late 1995 with commercial deployments during 1996. Initial marketplace acceptance of HFC telephony was tentative. Along with its competitors, ARRIS faced numerous obstacles, such as convincing customers of the technological viability of delivering lifeline telephone service over an HFC network; and the lack, at that time, of a system upgrade sufficient to deliver reliable two-way service. Even after the technology had been proven, customers were still faced with the task of managing and operating a two-way network that was far more complex than a one-way downstream system.
Ultimately, large operators such as Cox and AT&T Broadband in the U.S., Jupiter Communications in Japan and others, were successful, with ARRIS’ assistance, in deploying a highly-reliable and profitable telephone service at parity with the incumbent local exchange carriers. This resulted in a rapid increase in ARRIS market share and sales.
At the time, ARRIS was focused on circuit-switched, Constant Bit Rate (CBR) voice products and services. However, ARRIS knew that to remain successful it would have to invest in the then-emerging IP transport protocol. Since early 1999, ARRIS has blended its CBR technological expertise along with IP research and product development to become the world’s leading provider of Telephony over IP (ToIP™) networks – the ARRIS carrier-grade version of Voice over IP (VoIP). ARRIS carrier-grade standards reflect five 9’s (99.999%) reliability and offer service that meets or exceeds that available from incumbent local exchange carriers. ARRIS carrier-grade standards are exemplified in the PacketCable™ 1.0 Certified Cadant C4 CMTS which provides operators the ability to provide both voice and tiered data over IP networks.
Today, cable telephony is the fastest growing new revenue segment for U.S. MSOs. When combined with cable modem service and digital video-enabling products like the ARRIS Q5 DMTS, it presents a compelling triple-play offering that enables cable to favorably compete with telcos.
ARRIS Future: The Growth of Broadband Access
Demand for ARRIS products has been fueled by the deregulation of, and ensuing competition within, the global telecommunications industry. Traditional long-distance carriers, local phone companies, satellite companies and multiple system cable companies can now all compete directly with each other in any market. All this competition forces providers, cable operators especially, to expand channels, services and features. For cable operators, this means having to upgrade their systems to be able to offer bundled packages of voice and data options along with traditional video channels and enhanced video options, like video-on-demand, high definition signals, interactive channels and personal recorder devices.
Rapid growth in the number of Internet users and the demand for high-speed, high-volume interactive services has strained the existing communications networks. Employing a combination of fiber optic and coaxial cable, modern cable systems provide far greater bandwidth than traditional networks designed to carry only voice and data signals. Innovative solutions are needed to carry more high-volume interactive services to more customers. The line of ARRIS IP-based product offerings positions it well to meet these industry challenges. Product innovation and a continued commitment to research and development remain critical focuses for ARRIS as the ever-increasing demand for bandwidth pushes technologies and solutions forward.
The ARRIS Vision
ARRIS continues to develop new revenue-producing technologies for the telecommunications industry. The ARRIS vision is one of voice, video and data traveling over integrated broadband networks from the headend to the home, and then throughout the home. The convergence of multimedia over one common IP platform will allow providers to create innovative crossover services, as well as unleashing many new consumer-friendly applications, such as videophone, appliance monitoring and control, security, meter reading and everything-on-demand.
In the same way that the DOCSIS® cable modem ushered in a new era of connectivity and convenience for high-speed data services and PacketCable™ is helping accelerate VoIP, new standards-based initiatives such as PacketCable Multimedia and DOCSIS Set-top Gateway capabilities will pave the way for triple play IP-based services over HFC networks. Simultaneously, multimedia consumer devices will drive broadband operators to deliver multimedia content in a variety of new ways.
As has been the case with broadband data and voice, multimedia IP networking drives down costs for both network and subscriber equipment, creating new product opportunities for vendors. Lowering costs allows adoption rates to rise and new services to emerge. ARRIS has been working closely with standards bodies and major broadband operators around the world to address these emerging needs by preparing existing and emerging products to support them. Our leadership in providing the highest value edge products for HFC networks will continue into the new IP multimedia paradigm with continued feature enhancements for our CMTS product lines and extensions of these technologies into new applications.
Testing, Certification and Quality of Service
To ensure the highest quality of product it is necessary to prove interoperability with a variety of different vendors’ solutions. ARRIS maintains 3 world-class testing labs in Atlanta. These facilities represent a significant investment and are built to test IP solutions at scale, using a multitude of different vendor components. The ARRIS captive HFC network is over 180 km, about the size of an 180,000 home cable system allowing ARRIS solutions and software to be tested at scale for performance and interoperability.
In addition to this major commitment to interoperability testing, ARRIS works closely with global standards-setting bodies, like CableLabs® in the U.S. and tComLabs in Europe. ARRIS is an active participant in, and contributor to, several CableLabs projects, including DOCSIS®, PacketCable™ and CableHome™, and continues to provide full-time engineering personnel on-site at CableLabs to support the continued development of these standards.
ARRIS TeleWire Supply
ARRIS TeleWire Supply is a full-line supplier of broadband communications infrastructure and customer premise equipment offering customers a broad selection of products from hundreds of manufacturers. In addition to its distributed products, TeleWire Supply also markets proprietary products under its Regal®, MONARCH® and Digicon® brand names.
For more than 50 years, TeleWire Supply has established and maintained its full-service, “one-stop” reputation due, in large part, to the personal and professional relationships developed over the course of the cable industry’s emergence as the country’s primary source of communications, information and entertainment. The company has leveraged its broad inventory with the highest levels of customer support and a wide variety of value-added services. These services have become increasingly important to system operators—and TeleWire Supply continuously engages its customers to identify solutions that reduce costs and enhance their own abilities to service their subscribers.
Through the years, advances in broadband technology have created new applications—most recently, cable telephony, high-speed data and high-definition television. TeleWire has established a leadership role in providing implementation and networking solutions for these services, including a full line of DOCSIS 2.0-certified Embedded Multimedia Terminal Adapters (E-MTAs) and DOCSIS 2.0-certified cable modems—plus all of the connectivity products necessary to install these devices. As broadband providers continue to pursue additional RGUs, TeleWire has introduced its Integrated Commercial Services Platform (ICSP)™ to assist operators in extending their data services into new markets. ICSP allows operators to offer revenue-generating applications today— such as wireless DOCSIS plant extensions, wireless hotspots and WLAN/VPN services—while providing for future technology and service advancements.
ARRIS TeleWire Supply has two distribution centers—one in Cary, North Carolina, and the other in Ontario, California. Combined, these facilities provide TeleWire Supply with more than 200,000 square feet of warehousing capacity, extensive logistics and supply chain management capabilities and on-time delivery anywhere in the United States.
ARRIS Group was founded in 1969 and is headquartered in Suwanee, Georgia.
OFFICERS OF THE COMPANY
http://ir.arrisi.com/phoenix.zhtml?c=87823&p=irol-govManage
Stanzione, Robert J. 58 1998 Chairman of the Board, Chief Executive
Potts, David B 48 2001 Chief Financial Officer, Executive Vice President, Chief Information Officer
Lakin, James D. 62 2001 President, Broadband
Isaacs, Bryant K 46 2000 President, New Business Ventures
Pucinni, Robert 44 1999 President, TeleWire Supply
Coppock, Ronald M 51 1997 President, ARRIS Worldwide Sales
Market Cap
791.26 m
Outstanding Shares
135.14 m
Transfer Agent:
Bank of New York, New York, NY 10286
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