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Only people here discussing are those who stand to benefit greatly from a lawsuit that involves this company. And then one other individual who spends his entire days following those same people around claiming paid pumpers. Yet his posts still stand isn't that funny? LOL
Whoa! "$3B decline in CommScope market cap" Looks like the lawsuit is going to "sweep the leg"! With that, COMM will have to display the costs! It's probably waiting until last legal maneuver fails!
TonyJoe1957 Sunday, 07/07/19 08:17:22 AM Re: None Post # 32 of 54
Maybe they're off to the COMM going-away soirée? Institutional COMM holders having a send-off? COMM just keeps losing ground! As for why? Hmmm? The coming financials could be quite telling!
Q2 Earnings and CC should be around 7-31-19. For owners interested in the recent changes and wanting an explanation, I'd encourage reaching out to investor relations and asking them to be sure to include talking points on this topic in the Q2 CC.
Dan Whalen Manager, Investor Relations +1828-323-4898 Dan.Whalen@commscope.com
Kevin J. Powers Vice President, Investor Relations Kevin.Powers@commscope.com
New all time low this morning. Down 4%, 59 cents last time I looked. Trading at $14.53.
Would love to hear any alternate theories on why this is happening. All I've heard to date is the huge UOIP liability. Sorry... Unified Online. UOIP registration got revoked and the company it's suing drops 4% the next day.
Well that's depressing, I was hoping for something a bit more colorful, anyone seen my missing ticker, got loose yesterday and I can't seem to find her. Her name is UOIP , I fear she's gone into the private sector.
Do you continue to recommend a buy for C O M M? The predecessor, Arris, disclosed indemnification in the ChanBond case. Please provide us with your insights into Wall Street. AJ
Yes, of course - the person writing the pumping articles for UOIP should contact the Wall Street Journal and about freelance writing and submit the articles - as they have fact checkers and editors.
This sounds like an unsubstantiated personal attack, but I would like to hear more of your insights. So, Seeking Alpha is evil? Could you, please, be more specific? TIA...AJ
Read the pumping articles he has written about UOIP - whatever he was paid it was too much - never any real DD - just pumping nonsense.
"Scammers Used SeekingAlpha for Bogus Stock Promotions, SEC Says"
SeekingAlpha.com tries to ensure that research published on its popular investing website is unbiased by requiring writers to disclose whether they’ve been paid for touting stocks. But U.S. regulators say there’s an easy work around: lying.
So the garbage spewed on SeekingAlpha about UOIP and COMM is worthless.
Not sure why you're so optimistic....The market cap of Comm has fallen below 3 billion and the stock is crashing...They are responsible for indemnifying the 13 MSO's that have been sued by Chanbond/Uoip for infringing on their patents. When Comm bought the company business from Arris they would have known about this liability and should have planned for it..This lawsuit has the potential to bankrupt Comm and you'd best be aware of this fact rather than singing about a 40 dollar share price down the road. They will be lucky to survive.
2,469 hits in less than 96 hours. I have never had this many hits on a blog, even after 1 year. Also, I noted that CommScope is not disclosing the actual case in the footnotes to their financials. If I was a CommScope executive, this failure to adequately disclose would concern me. Best to all UOIP lings! AJ
CommScope could be preparing to payout to Chanbond $UOIP
CommScope's 10-Q March 31, 2019 that was not in their 10-Q a year ago.
Litigation and Regulatory Risks
We may incur costs and may not be successful in protecting our intellectual property and in defending claims that we are infringing on the intellectual property of others.
We may encounter difficulties and significant costs in protecting our intellectual property rights or obtaining rights to additional intellectual property to permit us to continue or expand our business. Other companies, including some of our largest competitors, hold intellectual property rights in our industry and the intellectual property rights of others could inhibit our ability to introduce new products unless we secure necessary licenses on commercially reasonable terms.
In the past, we have initiated litigation in order to enforce patents issued or licensed to us or to determine the scope and/or validity of a third party’s patent or other proprietary rights, and we may initiate similar litigation in the future. We also have been and may in the future be subject to lawsuits by third parties seeking to enforce their own intellectual property rights, including against certain of the products or intellectual property that we have acquired through acquisitions. Any such litigation, regardless of outcome, could be costly and could subject us to significant liabilities or require us to cease using proprietary third-party technology. In addition, the payment of any damages or any necessary licensing fees or indemnification costs associated with a patent infringement claim could be material and could also materially adversely affect our operating results. Such litigation can also be a significant distraction to management.
They just bought out Arris Group...Maybe this means a settlement is near?
Arris Shares Surge On Report Of CommScope Acquistion -- MarketWatch 4:36 pm ET November 6, 2018 (MarketWatch)
Arris International PLC (ARRS) shares rallied in the extended session Tuesday following a report that the set-top-box maker was going to be acquired by CommScope Holding Co. (COMM). Arris shares surged 16%, while CommScope shares fell 5% after hours. Late Tuesday, CNBC reported (https://www.cnbc.com/2018/11/06/commscope-near-to-buying-arris-for-more-than-31-a-share-sources.html) that CommScope was near a deal to acquire Arris for more than $5.6 billion.
I think I am going to jump in this one here. Can you say 20K? Maybe 50K Maybe 500K? Market makers How about I short instead.... See you on the checker board ;) I promise you I will be on the right side and I will take your money.
-- Fourth Quarter Results Consistent with Most Recent Guidance
-- Sales of $828 million
-- Operating Income of $76 million and adjusted operating income of $139 million, or 17 percent of sales
-- Net income of $0.25 per diluted share, compared to a loss of $0.05 per sharein the prior year period
-- Adjusted net income grew 34 percent year over year to $73 million, resulting in adjusted earnings of $0.38 per diluted share
-- Solid fourth quarter adjusted free cash flow of $116 million
-- Outstanding Calendar Year 2014 Performance
-- Sales increased 10 percent year over year to $3.8 billion
-- Adjusted operating income rose 30 percent year over year to $808 million, or 21 percent of sales
-- Adjusted net income grew 63 percent year over year to $427 million, resulting in adjusted earnings of $2.23 per diluted share
-- Adjusted free cash flow of $346 million
CommScope Holding Company, Inc. (NASDAQ: COMM), a global provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, reported sales of $828 million and net income of $48 million, or $0.25 per diluted share for the quarter ended December 31, 2014. Non-GAAP adjusted net income for the fourth quarter was $73 million, or $0.38 per diluted share. A reconciliation of reported GAAP results to non-GAAP results is attached.
For the quarter ended December 31, 2013, CommScope reported sales of $847 million and a net loss of $9 million or a loss of $0.05 per diluted share. Non-GAAP adjusted net income for the fourth quarter of 2013 was $54 million, or $0.30 of adjusted earnings per diluted share.
"CommScope had an outstanding year by nearly all financial and operational measures," said President and Chief Executive Officer Eddie Edwards. "We're proud of our team's accomplishments in 2014, in which we delivered 10 percent sales growth, generated record gross and operating margins and increased adjusted earnings per share by 39 percent. Our track record and the numerous strategic initiatives underway give us confidence that CommScope remains well-positioned for sustainable growth and success over the long-term.
"We intend to build upon this success through the planned acquisition of TE Connectivity's Telecom, Enterprise and Wireless businesses. We believe this acquisition will broaden our position as a leading communications infrastructure provider and better position CommScope to meet the growing global demand for bandwidth in next generation networks."
Fourth Quarter 2014 Overview
Fourth quarter 2014 sales declined 2 percent year over year to $828 million. Growth in the Enterprise and Broadband segments were more than offset by lower North American wireless sales. Foreign exchange rate changes negatively affected sales by 2 percent in the quarter compared to the prior year period.
After substantial growth in the first nine months of 2014, Wireless segment sales in the fourth quarter declined 9 percent year over year to $485 million. The fourth quarter decline was primarily due to a slowdown in North America, which was somewhat offset by growth in the Asia Pacific region. Foreign exchange rate changes had a negative impact of approximately 2 percent on Wireless segment sales in the fourth quarter compared to the prior year. Wireless adjusted operating income was $84 million for the quarter, down 25 percent year over year due mainly to the lower sales volumes.
Fourth quarter Enterprise segment sales increased 4 percent year over year to $213 million. The increase was primarily driven by growth in the Asia Pacific region. Enterprise adjusted operating income for the quarter increased 31 percent year over year to $43 million, or 20 percent of sales.
Fourth quarter Broadband segment sales increased 20 percent year over year to $131 million. The growth was primarily driven by increased investment in North America as cable operators push fiber technology deeper into their networks and invest to enhance the quality of their video and broadband offerings. The Broadband team delivered on its objective to return to historic levels of profitability by improving adjusted operating income substantially year over year to $13 million, or 10 percent of sales. The increase was driven by higher volumes and the benefit realized from ongoing cost reduction initiatives.
Operating income in the fourth quarter grew 27 percent to $76 million, compared to $60 million in the same period last year. Adjusted operating income, which excludes amortization of purchased intangibles, restructuring costs and other special items, declined 1 percent year over year to $139 million.
GAAP net income rose substantially to $48 million, compared to a net loss of $9 million in the same period last year. Excluding amortization of purchased intangibles, restructuring costs and other special items, fourth quarter adjusted net income increased 34 percent year over year to $73 million. Adjusted earnings were $0.38 per diluted share, up 27 percent year over year.
Adjusted net income and earnings per share rose mainly due to lower interest expense and a lower adjusted effective tax rate in the quarter. The company reduced interest expense by redeeming debt with the net proceeds from its initial public offering in October 2013 and through other refinancing activities. The lower effective tax rate in the quarter primarily resulted from higher pre-tax earnings, benefits of certain international tax structuring initiatives and legislation extending the R&D tax credit.
Calendar Year 2014 Overview
For the full year, sales increased 10 percent to $3.8 billion, primarily due to growth in the Wireless segment. Wireless sales increased significantly in North America, Asia-Pacific and Europe as a result of 4G/LTE rollouts in developed markets and 3G coverage buildouts in emerging markets. Wireless adjusted operating income was $600 million for the year, up 34 percent year over year due mainly to higher sales volumes, benefits from a favorable mix of products sold and successful cost reduction activities.
For full year 2014, Enterprise segment sales increased 3 percent. Large enterprises continue to invest in global information technology, data centers and commercial buildings in order to meet the ongoing demands for bandwidth and intelligence in networks. Enterprise adjusted operating income for the year increased 7 percent year over year to $167 million, or 20 percent of sales.
Broadband segment sales in 2014 rose 5 percent to $511 million, as double-digit growth in North America was somewhat offset by lower sales in other geographic regions. Broadband adjusted operating income more than doubled year over year to $42 million, or 8 percent of sales.
GAAP operating income increased 75 percent to $577 million, while GAAP net income was $237 million, or $1.24 per diluted share. Excluding the amortization of purchased intangible assets and other special items, the company generated $808 million in adjusted operating income, an increase of $188 million or 30 percent compared to 2013. Adjusted net income rose to $427 million or $2.23 per diluted share, up 63 percent and 39 percent, respectively, year over year. This year-over-year improvement is due mainly to higher sales volumes, favorable change in the mix of products sold, benefit from ongoing cost savings initiatives, lower interest expense and a lower adjusted effective tax rate.
Proposed Transaction with TE Connectivity
On January 28, 2015, CommScope announced an agreement to acquire TE Connectivity's Telecom, Enterprise and Wireless businesses. TE Connectivity is a world leader in fiber optic connectivity for wireline and wireless networks, and the transaction is expected to be in excess of 20% accretive to CommScope's adjusted earnings per share by the end of the first full year after closing and on a pro forma basis, excluding purchase accounting charges, transition costs and other special items. CommScope continues to expect the transaction will close by the end of 2015.
Outlook
CommScope management provided the following first quarter and full year 2015 guidance, which excludes the impact of the planned acquisition, amortization of purchased intangibles, restructuring costs, transaction and transition costs and other special items. As previously outlined, the company's outlook reflects a temporary slowdown in North American wireless carrier spending, the negative impact of foreign exchange rate changes and on-going product line trimming in the Broadband segment.
First Quarter 2015 Guidance: -- Revenue of $800 million -- $850 million
-- Adjusted operating income of $135 million -- $155 million
-- Adjusted earnings per diluted share of $0.33 -- $0.38, based on a share count of 192 million weighted average diluted shares
Full Year 2015 Guidance: -- Revenue of $3.65 billion -- $3.80 billion
-- Adjusted operating income of $725 million -- $775 million
-- Adjusted earnings per diluted share of $1.95 -- $2.05, based on a share count of 194 million weighted average diluted shares
-- Strong free cash flow
Conference Call, Webcast and Investor Presentation
As previously announced, CommScope will host a conference call 8:30 a.m. ET today in which management will discuss fourth quarter and full year 2014 results. The conference call also will be webcast over the Internet.
CoreComm Signs Vault9 to Exclusive Dedicated Internet Access Agreement; Synergistic Relationship Established
BALA CYNWYD, Pa., Apr 30, 2002 (BUSINESS WIRE) -- CoreComm (Nasdaq: COMM), a leading integrated communications provider with approximately 400,000 customers, has signed a five-year agreement to provide dedicated Internet access to Vault9, a Managed Service Provider in the Greater Toledo, Ohio market.
CoreComm will be providing Vault9 with additional bandwidth and network redundancy in Vault9's new 26,000 square-foot Network Operations Center in Toledo.
In addition to providing dedicated Internet access over a DS3 and two T1s, CoreComm will also be leasing space in Vault9's new Technology Building in downtown Toledo, to be used as a sales office.
"CoreComm is very supportive of small business, and we've joined forces with them in the Toledo area because they understand our business and deliver great service," explains Brandon Cohn, Chief Executive Officer for Vault9.
"The relationship we have developed with Vault9 as a result of this agreement creates significant synergies from an information technology standpoint for both companies over the next few years of this agreement," states Dave Schroeder, Senior Vice President of Business Markets for CoreComm. "More importantly, through this alliance between CoreComm and Vault9, businesses in Northwest Ohio and Southeast Michigan will derive long-term benefits through the use of high speed Internet access bandwidth combined with the ASP/ASM environment created through Vault9's information technology platform."
Vault9 serves Northwest Ohio and Southeast Michigan area businesses by providing custom e-business software development, full service off-site e-business management of hardware and software, and ASP management.
About CoreComm/ATX
CoreComm/ATX is a leading facilities-based integrated communications provider delivering innovative voice, Internet, data, e-business, and wireless solutions. CoreComm and ATX joined forces in September 2000, bringing a 16-year track record of success to approximately 400,000 consumers and businesses throughout the Mid-Atlantic and Midwest regions. CoreComm/ATX leverages its proven model of consultative services, consolidated broadband offerings, and personalized account management to provide reliable products and a competitive advantage for its customers. For more information on CoreComm/ATX, please visit www.core.com or www.atx.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: In addition to the historical information presented, this release also includes certain forward-looking statements concerning the future development of the business. Such statements represent the Company's reasonable judgment on the future and are based on assumptions and factors that could cause actual results to differ materially. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such statements.
COMPANY WEBSITE http://www.atx.com NEWSROOM HAS ALL THE PRESS RELEASES
CORECOM http://www.corecomm.com
CoreComm Brings Exclusive Internet Access to Fans of the Columbus Blue Jackets; MyBlueJackets.net the First Internet Access Service Launched by an NHL Team
WEDNESDAY, JANUARY 29, 2003 10:45 AM
- BusinessWire
COLUMBUS, Ohio, Jan 29, 2003 (BUSINESS WIRE) -- CoreComm, a subsidiary of ATX Communications, Inc. (COMM) and provider of residential Internet and telephony services, and the National Hockey League Columbus Blue Jackets announce the introduction of a new Internet access service designed exclusively for fans of the Blue Jackets franchise.
MyBlueJackets.net, accessed only through www.BlueJackets.com, is the first full-service Internet access service to be launched by an NHL franchise. Through their partnership, CoreComm and the Blue Jackets have developed a private-label Internet access tool that reinforces the image and qualities of the Blue Jackets team and extends the excitement of Blue Jackets hockey to the Internet.
MyBlueJackets.net offers fans all the benefits of a full-service Internet provider plus exclusive access to behind-the-scenes Blue Jackets features and promotions and three personalized MyBlueJackets.net e-mail accounts. The service also includes a customizable home page, 10 MB personal Web space, and 24-hour technical support.
Subscribers to MyBlueJackets.net can even manage their Internet account online, tracking the amount of time they spend logged on to the Internet, paying bills, and ordering additional features for their account.
"We're excited to partner with an organization such as the Blue Jackets in the development of a truly unique Internet service," said Chris Michaels, Chief Technology Officer of ATX/CoreComm. "Through our collaboration, we're leveraging CoreComm's quality Internet access service, top-rated customer support, and technical expertise with the Blue Jackets' commitment to their loyal fan base, as well as both organizations' dedication to the local community."
"Thanks to this innovative collaboration with CoreComm, components such as personalized Blue Jackets e-mail addresses, exclusive promotions, and behind-the-scenes features all combine to create a stronger identification between the team and our fans," said Michael Humes, Columbus Blue Jackets' Senior Vice-President of Business Operations.
As part of the relationship with the Blue Jackets, CoreComm is also the exclusive telecommunications provider of the franchise, as well as Nationwide Arena, the team's home arena, and its practice facility, the CoreComm Ice Haus.
About CoreComm
CoreComm is a subsidiary and residential Internet and telephony services brand of ATX Communications, Inc.
Founded in 1985, ATX is a leading facilities-based integrated communications provider offering local exchange carrier and inter-exchange carrier telephone, Internet, e-business, high-speed data, and wireless services to business and residential customers in targeted markets throughout the Mid-Atlantic and Midwest regions of the United States.
ATX currently serves approximately 350,000 business and residential customers. For more information, please visit www.core.com or www.atx.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
In addition to the historical information presented, this release also includes certain forward-looking statements concerning the future development of the business. Such statements represent the Company's reasonable judgment on the future and are based on assumptions and factors that could cause actual results to differ materially.
The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such statements.
CoreComm
Rachel Carlson, 517/324-8996
e-mail: Rachel.Carlson@corecomm.com
www.core.com
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