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Much better........Thank you!
NEWN's MeePower site is still slow to load, and not complete on all subheadings.
http://vsili.com/
I notice the Brean Murray presentation didn't mention the MeePower brandname, and I wonder if NEWN is just going to use the Anytone name. I kind of liked the catchy "MeePower" name.
The $24.0 million purchase price includes: (i) approximately 1.9 million newly issued New Energy common shares (valued at $11.0 million, which is based on a value of $5.75 per share, which reflects the approximate price of the Company's stock when the two parties began negotiating) and (ii) $13.0 million interest-free seller note due in one year.
The acquisition of Kim Fai is expected to generate approximately $24.0 million of revenue and $5.0 million of net income in 2011. Kim Fai is being acquired from parties that, prior to this announcement, are unrelated and unaffiliated with the Company in anyway.
http://www.prnewswire.com/news-releases/new-energy-acquires-kim-fai-solar-energy-technology-co-ltd-for-240-million-in-stock-and-seller-note-107463808.html
Sales Growth
"Anytime the macro conditions are choppy, companies look for new, cheaper, faster and better ways to do stuff," Napier told IBD.
Sales at Rackspace have grown 23% in each of the past three quarters, and analysts expect a 24% bump in the fourth quarter. That appears faster than the broader global industry, which is projected to grow by 16.5% this year, according to technology research firm Gartner.
Gartner thinks worldwide cloud services spending will reach $68.3 billion this year and more than double to $148.8 billion by 2014.
"We're still early in the game of this adoption," Napier said.
North America and Europe represent the bulk of the cloud market, with the U.S. spending 60% of the total this year, Gartner says. It's growing fast in Western Europe as well, and to a lesser degree elsewhere.
Gartner points to the economic turmoil over the past few years for driving adoption. But cloud-service providers' offerings have also improved to keep up with companies' more complex computing needs.
Rackspace posted earnings per share of 24 cents last year on sales of $629 million. The company doesn't issue formal guidance, but the consensus estimates call for 2010 EPS of 35 cents on revenue of about $775 million...........
For the fourth quarter, analysts expect profit of 10 cents a share, up 43% from a year earlier. They peg sales at $209.7 million, up 24%.
http://www.investors.com/NewsAndAnalysis/Article/555518/201012021721/Web-Hosting-Service-Sticks-Its-Head-High-In-The-Cloud.htm
SPRD .... up over a dollar on huge volume, at an all time high, I believe.
"...According to coverage by The New York Times, China's top officials announced Friday that the country will tighten its monetary policy in 2011, suggesting further attempts to cool the rapidly growing economy. It will be interesting to follow U.S.-listed China shares to see which are most affected by any subsequent policy action next year.
A look at the China Stocks and ADRs Index shows that the 179 components have been widely mixed over the past year, with nine stocks more than doubling while nearly two dozen have fallen by more than -50%.
On the winning end, Spreadtrum Communications (NASDAQ: SPRD - News) has surged by 263% since early-December of 2009...."
China Stocks in Focus as Government Plans Tightened Monetary Policy
http://finance.yahoo.com/news/China-Stocks-in-Focus-as-indie-4103479232.html?x=0&.v=1
NEP
"...Bill Zima is really not the major problem at NEP ... he can't control the company, the operations, or their initiatives..."
No, but that doesn't excuse him for not responding to the numerous shareholder emails and phone calls. He is the listed frickin' IR contact!
What do you see as the "major problem at NEP" ? Thanks very much for your insights and for sharing (at a later time) whatever yours/Zima's conversation entailed.
Same here... nice price surprise but the huge volume is what really stands out today. Uplisting news soon will be another boost.
"Please tell me you don't click on those phony 'close x's' on any of these pop up ads too..?"
Nope. . . . Why do you get pop up ads?
"Wonder how many people tried to scroll down on your story....?"
Well, you, apparently... so there's one.
And,well....yeh.....me,too. Or would that be 'me two' ?
lovin' Paulie Cashews pixels and stuff....
NEP..yup, tried that number during NEP's halt. Recording only....never got a live person. Haven't tried it lately.
link to the Nov. Brean Murray presentation:
http://sec.gov/Archives/edgar/data/1144320/000101376210002814/ex991.htm
Jimmy CH Cheung & Co ..... I thought the name sounded familiar....
Involved in NEP at one time:
http://biz.yahoo.com/e/100205/nep8-k.html
This 8K at the time said the US Audit Practice of Cheung merged with Baker Tilly Hong Kong Limited.
Solid report from NEP. I like it........
Spreadtrum Communications, Inc. Announces Third Quarter 2010 Results
http://finance.yahoo.com/news/Spreadtrum-Communications-Inc-prnews-3082095450.html?x=0&.v=1
THIRD QUARTER 2010 FINANCIAL SUMMARY:
•Total revenue increased 34.7% quarter-over-quarter and 150.7% year-over-year to US$96.2 million, exceeding the Company's previously guided range of US$88-96 million.
•Gross profit was US$42.5 million compared to US$31.9 million in the previous quarter and US$15.0 million in 3Q09. Gross margin was 44.1% compared to 44.6% in the previous quarter and 39.0% in 3Q09.
•Cash flows from operations were US$67.0 million, compared with US$35.2 million in the previous quarter and US$11.5 million in 3Q09.
•GAAP net income was US$19.5 million, compared with US$11.1 million in the previous quarter and US$0.6 million in 3Q09.
•GAAP net income per basic and diluted ADS was US$0.41 and US$0.37, respectively, an improvement from US$0.24 and $0.21 per basic and diluted ADS, respectively, in 2Q10 and US$0.01 per basic and diluted ADS in 3Q09.
•Non-GAAP net income was US$22.9 million, compared to US$17.7 million in 2Q10 and US$2.9 million in 3Q09. Non-GAAP net income per diluted ADS was US$0.43, an improvement from US$0.34 per diluted ADS in 2Q10 and US$0.06 per diluted ADS in 3Q09.
Commenting on the results, Spreadtrum's President and CEO, Dr. Leo Li said, "We delivered another strong set of financial results, with quarterly revenue of US$96.2 million and net income of US$19.5 million, both surpassing our previous records set last quarter. Although we have witnessed intensifying competition in recent quarters, we have nevertheless managed to achieve substantial growth thanks to our technology innovation, solid execution, and enriching product portfolio.
In the third quarter, we successfully launched world's first triple SIM in single chip solution, the SC600L7. The ability to run three GSM SIM cards simultaneously in a single mobile handset offers an attractive solution for multiple-operator-markets and business users, and has already garnered positive feedback from customers in South America, Africa and several South Asia countries. Innovative products such as the triple SIM solution will fuel our overseas business expansion and we expect to see a much larger revenue contribution from emerging market in the future.
In addition, our excellent execution is allowing us to deepen our relationship with top-tier global customers. The successful introduction of our new WCDMA/RF chip, the SR3100, to Samsung Electronics underscores again our ability to meet the world's strictest quality standards and to service world class customers. This new win, which possesses an attractive gross profit margin, will not only contribute to our high-performance/low-cost product portfolio in the coming quarters, but also it is a testimony that our client base is developing a stronger allegiance to Spreadtrum and our industrial leading products.
At the same time, we are further expanding our product portfolio with highly integrated and cost effective TD-SCDMA products; we continue to gain share in the TD-SCDMA fixed wireless business and expect to build a more established presence in the TD handset segment going forward. Our successful launches of the SC8800S4 and SC8800H5 this quarter firmly solidify our leading position as the provider of the world's most integrated, yet low cost structure, TD-SCDMA baseband products.
For the fourth quarter of 2010, we expect revenue to be in the range of $118-125 million with gross margin at 42.5% - 43.5%. Looking ahead to 2011, the introduction of new products, especially new TD chips with higher margin profiles, will help us further mitigate the pricing pressure within the market."
Further commenting on the Q3 financial results, Shannon Gao, Spreadtrum CFO, added, "While our high quality products and customer service have enabled us to sustain a solid trajectory of top-line growth, our focus on optimizing our cost structure has helped maximize profitability. We remain committed to leveraging economies of scale in the fourth quarter and anticipate both R&D and SG&A expenses as a percentage of revenue will decline on a sequential basis."
OT: wittytitty........how refreshing to be scrolling throuh the NEWN board this morning and read such a courteous, pleasant post from you to another poster. Really refreshing.
Go NEWN!
ciciagt
OT: How Facebook Could Beat Google to Win the Net
By Ryan Singel November 13, 2010
This is a very interesting article......
http://www.wired.com/epicenter/2010/11/google-fears-facebook/
(one comment on Facebook value is this: "....As a private company, Facebook doesn’t have to share public numbers, but a spokesman told Wired.com that advertisers are getting comfortable with Facebook, and it has thousands of advertisers. Revenues are estimated at $1.3 billion a year and rising, while investors and secondary markets are valuing the company at more than $40 billion on Sharespost, a private stock market.")
Brigantine Advisors Starts Smith Micro Software (SMSI) at Buy; November 10, 2010 11:19 AM EST
Brigantine analyst says, "New next-generation mobile networks and associated service pricing benefits should drive greater adoption of high-speed wireless data. Holding an almost monopolistic position as the provider of data connectivity software to the top four wireless service providers in the U.S. among others internationally, Smith Micro is well positioned as demand for data connectivity continues to escalate."
http://www.streetinsider.com/New+Coverage/Brigantine+Advisors+Starts+Smith+Micro+Software+%28SMSI%29+at+Buy%3B+New+Networks+Spur+Data+Adoption/6093553.html
Nice day in the world of RAX.
Motley Fool posted a positive article:
http://www.fool.com/investing/high-growth/2010/11/10/why-is-rackspace-so-jumpy.aspx
"Buy, sell, or hold?
Rackspace isn't a cheap stock by any stretch of the imagination, but you often get exactly what you paid for. As the company moves further into the cloud-computing sector and continues to build its already-impressive customer-friendly reputation, the bottom line should kick into the next gear before too long. And if you thought a 47% annual return was nice, the next phase in this company's growth history should make that era seem mild by comparison. Rackspace is a Rule Breaker for good reason."
SALT LAKE CITY--(BUSINESS WIRE)-- ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com), a leading producer of mobile electronics accessories including the popular invisibleSHIELD® and ZAGGaudio™ brands, today announced record financial results for the third quarter ended September 30, 2010.
•Revenue for Q3 2010 was a record $23.1 million versus $9.7 million for Q3 2009, and $15.1 million for Q2 2010.
•Adjusted EBITDA for Q3 2010 was $6.4 million or $0.27 per share versus $1.7 million or $0.07 per fully diluted share for Q3 2009, and $3.5 million or $0.15 per fully diluted share for Q2 2010.
•Net income for Q3 2010 was $3.9 million or $0.16 per fully diluted share versus $0.9 million or $0.04 per share for Q3 2009, and $1.9 million or $0.08 per fully diluted share for Q2 2010.
Financial Results
Revenue for Q3 2010 was $23.1 million, versus $9.7 million for Q3 2009, an increase of 137% from the same quarter in 2009. Revenue for the quarter was up sequentially due to continued sales growth in our current distribution channels and the addition of new distribution channels.
Gross profit for Q3 2010 was $11.6 million, or 50% of sales, compared to $5.2 million, or 54% of sales for Q3 2009, and $7.6 million or 50% of sales for Q2 2010.
Net income for Q3 2010 was $3.9 million or $0.16 per share as compared to net income of $0.9 million or $0.04 per share for Q3 2009, and $1.9 million or $0.08 per share for Q2 2010.
“This quarter we benefited from new distribution channels, the popularity of recent devices such as the iPad and the iPhone 4 from Apple and other new mobile device introductions, additional distribution of other ZAGG accessories, as well as continued strength in our internet sales,” said Robert G. Pedersen II, President and CEO of ZAGG. “We continue to see strong demand for our products across all our existing channels and partners including Best Buy. Our newest channel partner in the third quarter, AT&T, has seen robust response to our products in their stores, and this will be an important relationship in our future growth strategy.”
Business highlights
In the quarter ZAGG announced new distribution agreements with Staples and AT&T, and saw continued expansion of ZAGG products into established resellers such as Best Buy, Cincinnati Bell and RadioShack. New mobile device introductions in the quarter, such as the very popular Apple iPhone 4 and the HTC Evo, drove sales of ZAGG invisibleSHIELD, ZAGGskins, and accessories to record highs. Additionally, ZAGG continued to see very strong sales of all their iPad-related products in the quarter.
Adjusted EBITDA
ZAGG considers earnings before other income or expense; income tax provision or benefit; impairment losses; depreciation and amortization; and share-based compensation expense related to stock and stock options (“Adjusted EBITDA”) to be important financial indicators of the Company’s operational strength and the performance of its business. These results should be considered in addition to results prepared in accordance with generally accepted accounting principles (“GAAP”), but should not be considered as a substitute for, or superior to, GAAP results.
A reconciliation of the differences between Adjusted EBITDA and the most comparable financial measure calculated and presented in accordance with GAAP is presented under the heading “Reconciliation of Non-GAAP Financial Information to GAAP” immediately following the Condensed Consolidated Statements of Operations included below.
The difference between Adjusted EBITDA per share, a non-GAAP measure, and GAAP EPS, is interest, income tax provision or benefit, depreciation and amortization, impairment losses, share-based compensation and other non-cash charges.
Adjusted EBITDA for Q3 2010 was $6.4 million or $0.27 per share versus $1.7 million or $0.07 per share for Q3 2009, and $3.5 million or $0.15 per share in Q2 2010.
Conference Call
•A conference call will be held today at 5:00 p.m. Eastern Time to review these results. Participants may access the call via the Internet at the event website and on the Company website at: www.ZAGG.com. The call will be available for replay for 30 days by dialing 1-877-660-6853 and entering account number 286 and call ID number 360272. A podcast of the event will also be available online or via Investor Calendar’s RSS feed.
For more information about ZAGG, please visit www.ZAGG.com.
Wonder if there's been a leak about the expected uplisting....? This is a big volume day for QPSA, and still some hours to go.
That last product on your link is wild!
Sweet way to end the week!
This part is terrific and underscores the great niche QPSA has in the social media realm:
"...Quepasa.com continued to see particular growth momentum in its Brazilian user base, which accounted for 26% of its new users. This represents the largest source of new users, making Quepasa.com the fastest growing social network in Brazil on a percentage basis.This is significant given that Brazil's population dominates social media consumption worldwide, with 86% of Brazilian Internet users regularly using social media sites, according to recent data from The Nielsen Company."The popularity of social networking among Latin Americans is clearly evident in our growth rate," said John Abbott, CEO of Quepasa. "With our overall growth rate averaging more than 66,000 new users per day, Quepasa.com is at the forefront of this strong market trend...."
Upgrades:
04-Nov-10 Northland Securities Reiterated Outperform $15
04-Nov-10 Wedbush Reiterated Outperform $16
http://www.briefing.com/GeneralContent/Active/Investor/TickerSearch/QuickSearch.aspx
CNYD ....up over 10% this morning. This has been a sleeper until the past few weeks; it has gradually moved up from it's low of $8 or so in late Sept.
Conference call transcript.....it's a good one.
http://seekingalpha.com/article/234545-smith-micro-software-ceo-discusses-q3-2010-results-earnings-call-transcript#comments
4:21PM Smith Micro Software beats by $0.04, beats on revs; reaffirms FY10 revs guidance (SMSI) 12.48 +0.19 : Reports Q3 (Sep) earnings of $0.23 per share, excluding non-recurring items, $0.04 better than the Thomson Reuters consensus of $0.19; revenues rose 22.3% year/year to $34 mln vs the $32.4 mln consensus. Co reaffirms guidance for FY10, sees FY10 revs of $125-135 mln vs. $128.53 mln Thomson Reuters consensus.
Smith Micro Software Reports Record Revenue Quarter
Revenues Increase 22.2% to a Company Record $34.0 Million;
Third Quarter Diluted EPS of $0.09 GAAP, $0.23 Non-GAAP
http://finance.yahoo.com/news/Smith-Micro-Software-Reports-bw-2201698365.html?x=0&.v=1
“We achieved our sixth consecutive quarter of record revenue growth in the third quarter and delivered outstanding bottom-line results,” said William W. Smith Jr., President and CEO of Smith Micro Software. “Wireless and mobility product sales continued to drive growth in our business and were up 38% year-over-year, reflecting increasing customer recognition for the value of our Smart Mobility software products and platform.”
Mr. Smith continued, “The coming deployments of higher speed networks such as LTE will drive and attract new users to mobile broadband services. We see additional growth opportunities for our software portfolio to serve this expanding set of users with broader demographic characteristics.”
Smith Micro reported record revenue of $34.0 million for the third quarter ended September 30, 2010, a 22.2% increase over the $27.8 million reported in the third quarter ended September 30, 2009.
Third quarter gross profit on a GAAP basis of $30.2 million increased $5.9 million, or 24.5%, from the third quarter ended September 30, 2009. On a non-GAAP basis (which excludes amortization of intangibles, stock compensation and non-cash tax expense), third quarter gross profit was $31.8 million, an increase of $6.3 million, or 24.8%, from the same quarter last year.
GAAP gross profit as a percentage of revenue was 88.9% for the third quarter of 2010, compared with 87.3% for the same quarter last year. Non-GAAP gross profit as a percentage of revenue was 93.5% for the third quarter of 2010, compared to 91.6% for the same quarter last year.
GAAP net income for the third quarter of 2010 increased to $3.1 million or $0.09 per diluted share, which compared to the third quarter of 2009 of $2.0 million, or $0.06 per diluted share.
Non-GAAP net income for the third quarter of 2010 increased to $7.9 million, or $0.23 per diluted share, compared to $6.6 million, or $0.20 per diluted share, reported in the third quarter of 2009.
Fully diluted weighted average common shares outstanding as of September 30, 2010, were 34.7 million compared to 33.1 million weighted average common shares outstanding as of September 30, 2009
There's also the speculation QPSA will uplist to AMEX soon....that will get share price moving, too.
SPRD Yup, but lucky me......I bought it around $3 in 2009.
SPRD up over 9.5% today on great volume. They had recent news:
"SHANGHAI, Nov. 1, 2010 /PRNewswire-Asia-FirstCall/ -- Spreadtrum Communications, Inc. (Nasdaq:SPRD - News), a leading fabless semiconductor provider in China with advanced technology in both 2G and 3G wireless communications, today announced the availability of the world's first Quad-SIM in single chip solution, the SC6600L6, which allows up to four GSM SIM cards running simultaneously in a single mobile handset. This solution gives the user the freedom of switching among different GSM SIM cards, pushing the definition of "Borderless Communication" to a higher level...."
http://finance.yahoo.com/news/Spreadtrum-Announces-the-prnews-1108992394.html?x=0&.v=1
Headquartered in Berwyn, Pa., Boomi’s technology solutions are widely used with the world’s leading cloud-based applications, including Salesforce CRM, as well as marketing, financial, human resources, content management and service-desk management.
Working directly with customers and through its growing network of channel providers, Boomi manages millions of transactions a month and has completed tens of thousands of cloud integrations for hundreds of customers globally across a wide spectrum of industries.
Boomi Capabilities
Boomi’s technology benefits customers and channel partners by:
•Connecting information between existing on-premise and cloud-based applications to ensure business processes are optimized, data is accurate and workflow is reliable;
•Eliminating costs associated with inaccurate data entry;
•Increasing sales and business productivity;
•Eliminating the cost and complexity associated with integration, and
•Decreasing integration time from months to weeks.
Today’s announcement represents another step by Dell to build a technology portfolio for growing businesses seeking the benefits of web-based computing while addressing one of the top barriers to cloud adoption - managing and integrating cloud-based applications with existing applications and databases.
As businesses embrace SaaS, Boomi helps customers deploy application integrations in record time with dramatically lower costs and realize productivity and efficiency improvements over traditional models.
Terms of Dell’s acquisition of Boomi were not disclosed. The purchase is subject to customary closing conditions.
Ian posted on his website that he thinks this might be the week QPSA breaks through $6. Sure looks strong today.
http://iancassel.com/
It ran a bit when HP ended up buying 3PAR (HP dueled with Dell on that one). RAX is fine to stand on its own and would likely be worth more in the long run on its own.....we'll see. There seems to be speculation and consolidation in the cloud space.
Yeah, nice. But, if the Dell rumor isn't about RAX this puppy is going to drop hard (for awhile.....RAX earnings out next week).
Why We're Buying China Yida
http://www.fool.com/investing/general/2010/11/01/why-were-buying-china-yida.aspx
".....Make no mistake; this will most likely be a very, very risky and volatile position.......But I am comfortable with that risk if it is position-sized accordingly. Moreover, on the flip side, we also truly believe this company could have most of their new projects fail and still be at least 50% undervalued. If the company sees even just one or two of the parks in their pipeline "hit," this could be a 3- or 4-bagger, easy ...."
(overall tone of article isn't real positive, and the author bought only a $500 position, if I read it correctly)
Rackspace shares rise on takeover speculation
Nov. 2, 2010, 10:09 a.m. EDT
http://www.marketwatch.com/story/rackspace-shares-rise-on-takeover-speculation-2010-11-02?siteid=yhoof2
Spreadtrum Announces the World's First Single Chip Quad-SIM Standby Solution
SHANGHAI, Nov. 1, 2010 /PRNewswire via COMTEX/ --
Spreadtrum Communications, Inc. (Nasdaq: SPRD; "Spreadtrum" or the "Company"), a leading fabless semiconductor provider in China with advanced technology in both 2G and 3G wireless communications, today announced the availability of the world's first Quad-SIM in single chip solution, the SC6600L6, which allows up to four GSM SIM cards running simultaneously in a single mobile handset. This solution gives the user the freedom of switching among different GSM SIM cards, pushing the definition of "Borderless Communication" to a higher level.
The SC6600L6 allows four GSM SIM cards simultaneously running on standby mode with only one set of baseband and RF. It integrates a processor engine and controller for supporting quadruple SIM cards and has an improved graphic user interface for Quad-SIM. The product supports different multi-SIM options, including dual SIM, triple SIM, and Quad-SIM in a single set of baseband and RF chip, provides more choices to handset designers and meets need of users from different regions.
"The Quad-SIM solution is another invention resulting from our continuing effort of technology innovation." said Dr. Leo Li, Spreadtrum's President and CEO, "Spreadtrum is also the inventor of the world's first dual SIM and triple SIM solution. We are dedicated to increasing the value of our products by providing attractive features to our customers. The Quad-SIM solution offers unparalleled flexibility for multiple-operator-market and business users who need to keep constant connection."
SOURCE Spreadtrum Communications, Inc.
http://phx.corporate-ir.net/phoenix.zhtml?c=212408&p=irol-newsArticle&ID=1490048&highlight=
Written on Fri, 10/29/2010 - 10:44am
By Chip Brian
Spreadtrum Communications (NASDAQ:SPRD), which was in the red a year ago, is expected to turn a profit this year according to analyst expectations.
In the last fiscal year, the company lost $0.24 per share. Spreadtrum Communications is now estimated to attain profitability and earn $1.23 per share this year, based on 44.2 million shares outstanding.Spreadtrum Communications is currently trading above its 50-day moving average of $12.12 and trading above its 200-day moving average of $8.84.
http://www.mysmartrend.com/news-briefs/news-watch/profitable-year-projected-spreadtrum-communications-following-last-years-loss
Well, an average price of oil in the $80 range for Q4 will help NEP, and since NEP is joined at the hip with PetroChina I think it bodes well.
Of course, today's price action seems contrary!