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Long Term Evolution (LTE): How To Join The Race For The Next Dominant Broadband Technology

Wed, 25 Nov 2009 18:19:04 GMT

Over the past five years, an incredible new technology has gained momentum and is set to make its debut imminently. And as always, early investors are likely to enjoy the greatest returns. The technology is known as Long Term Evolution (LTE). And the possibilities are endless: Machine-to-machine communication… wireless communication in cars and household appliances… instant downloads of video conferences.[More...]

Telecom Industry - Industry Outlook

Tue, 26 May 2009 22:01:00 GMT

Telecom Industry - Maintain Positive Outlook (Upgraded From Neutral in March 2009) Based on extreme industry weakness in late 2008 and early 2009, we believe valuation levels now reflect remedial conditions in the economy. Depressed stock prices foster improved investment entry points more favorable at this juncture should stimulus plans, restricted operating expenses and higher earnings level result along with sustainable purchasing activity. Telecom companies are starting to report minimal financial improvements in terms of revenue and earnings levels. In addition, economic stimulus plans throughout the world, including the U.S. broadband infrastructure development program -- and similar structural subsidies in China and India -- may be a boon for selected service providers and equipment manufacturers. Telecom carriers and equipment[More...]

How Big Banks Earned So Much Money This Quarter

Thu, 23 Apr 2009 00:22:22 GMT

We are a few weeks into earnings season and it should be abundantly clear that financial institutions are firing on all cylinders. In fact, financials are leading the broader market for the first time since 1993. Yet, loan losses have been absolutely enormous. What gives? The Great[More...]

Broadcom's Latest Report Mixed

Mon, 02 Feb 2009 19:52:00 GMT

Broadcom Corp. (BRCM) is a fabless company, designing and marketing semiconductor components that network voice, video, and data traffic for applications in digital cable and satellite set-top boxes, cable and digital subscriber line (DSL) modems, high-speed local area networks (LANs), metropolitan area networks (MANs), long-haul networks, wireless communications, server solutions, and many more areas. BRCM recently reported revenues of $1.127 billion in Q4, up 9.7% year over year but down 13.2% quarter over quarter. Revenues from all the three product lines were down quarter over quarter due to weakening demand and inventory corrections by most customers. Management expects the current economic slowdown to continue and negatively impact business as demand continues to decrease and customers[More...]

Ni Hao: Call On China With Chunghwa (CHT)

Tue, 27 Jan 2009 14:20:00 GMT

"Just a few months ago China was preventing the economy from overheating; with amazing speed, the government has changed from jamming on the brakes to hitting the gas with both feet," says Jim Trippon. In The China Stock Digest, he says, "Chunghwa Telecom (NYSE: CHT), the big[More...]

The Anatomy of a Global Financial Crisis

Thu, 22 Jan 2009 14:01:00 GMT

I apologize for the recent lack of posts as I got rather caught up with travel and other activities during the holiday season.[More...]

Ari Zoldan: Why the Telecommunications World Is Desperately Trying To Keep Him Quiet

Wed, 21 Jan 2009 15:39:00 GMT

With impending success and a strong conviction for his company, Ari Zoldan has the telecommunications world on pause. They wait as he and other major companies press play on WiMax’s ultimate launch. Ari Zoldan, President and CEO of Quantum Networks, LLC, a WiMax equipment and service provider, has certainly shaken and rattled the telecommunications wireless world into a query; and he’s just getting started. [More...]

Notable Bankruptcies of 2008: Final Tally

Mon, 05 Jan 2009 23:35:00 GMT

In mid-August I predicted that “major” bankruptcies for 2008 would reach 225 (see Bankruptcies Revisited). Through October there had been 172 such bankruptcies, as reported by Bankrupctydata.com. That implied a pace of around 210 bankruptcies, well short of my prediction. At the time however, I suggested that the filing pace was likely to quicken in November and December as the economy deteriorated at a more rapid clip. Sure enough, the final numbers bear out my prediction. According to Bankruptcydata.com, “major” filings reached 231 in 2008. 231 bankruptcies falls far short of the 289 “major” bankruptcies in 2000 and 383 in 2001[More...]

Billions in U.S. Bank Rescue Funds are Fueling Buyouts Worldwide – Instead of Lending at Home

Fri, 05 Dec 2008 13:38:00 GMT

(This is the newest installment in an ongoing news series that looks at the anticipated “aftershocks” of the global financial crisis, and the profit plays those events can trigger.) ... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Telecom Industry

Mon, 01 Dec 2008 20:55:00 GMT

Dismal economic events have culminated in drastic declines of market valuation among companies in nearly every industry/sector, including impacts to telecom industry performance.? Capital spending constraints among carriers, and limited funds available to sustain (grow) telecom services over the next six- to twelve-months, may be outcomes of credit markets remaining restricted and overall GDP growth remaining tepid or even retracting. Telecom carriers often resort to credit markets for funding capital projects, while telecom equipment companies conventionally use equity share offerings in lieu of debt instruments. The outcome has been a disappointment, regardless of the selected financing mechanism. As a result of weakening macroeconomic indicators, telecom carriers' capital expenditures remain limited in 2008 and early 2009.? There has been more selectivity on technology choices and leveraging cost-savings synergies, such as streamlining purchasing[More...]

UPI NewsTrack Business - Jul 15 2008 11:54AM

Tue, 15 Jul 2008 15:48:00 GMT

U.S. markets slide on banking fears
NEW YORK, July 15 (UPI) -- U.S. stock indexes slid Tuesday morning with a renewed focus on troubled banks.
The 10-year U.S. Treasury note gained 12/32 to yield 3.815 percent.

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U.S. Bank Acquires Downey Savings & Loan and PFF Bank & Trust Throughan FDIC Facilitated Transaction

Sun, 23 Nov 2008 03:50:00 GMT

Under the terms of these transactions, U.S. Bank will receive approximately $12.8 billion of assets and assume approximately $11.3 billion of liabilities, including $9.7 billion of deposits, of Downey Savings & Loan and will receive approximately $3.7 billion in assets and assume approximately $3.5 billion of liabilities, including $2.4 billion of deposits, of PFF Bank & Trust.
As part of the transactions, U.S. Bank has agreed to assume the first $1.5 billion and $0.1 billion of expected losses on the assets of Downey Savings & Loan and PFF Bank & Trust, respectively.
U.S. Bank will not acquire any assets or liabilities of the banks' parent holding companies, Downey Financial Corp. or PFF Bancorp Inc. These acquisitions are expected to meet or exceed the company's internal financial hurdles for internal rate of return and earnings per share accretion.

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U.S. Bank Acquires Downey Savings & Loan and PFF Bank & Trust Through an FDIC Facilitated Transaction

Sat, 22 Nov 2008 01:20:00 GMT

U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit Insurance Corporation. The two acquired institutions are Downey Savings & Loan Association, F.A., the primary subsidiary of Downey Financial Corp. (NYSE: DSL), headquartered in Newport Beach, Calif. and PFF Bank & Trust, a subsidiary of PFF Bancorp Inc. (OTC Bulletin Board: PFFB), headquartered in Rancho Cucamonga, Calif.[More...]

Downey Announces Third Quarter 2008 Results

Wed, 22 Oct 2008 09:56:00 GMT

Downey Financial Corp. reported a net loss for third quarter 2008 of $81.1 million or $2.89 per share on a diluted basis, compared to a net loss of $23.4 million or $0.84 per share on a diluted basis in the year-ago third quarter.[More...]

Downey Savings to Close Wholesale Loan Department

Thu, 16 Oct 2008 16:08:00 GMT

Downey Savings and Loan Association, F.A. today announced that it will close its Wholesale Loan Department and the loan processing centers supporting that Department, effective immediately. Downey Savings will also contract its Retail Loan Department. These changes will affect approximately 200 employees.[More...]

Downey Names Charles R. Rinehart Chief Executive Officer

Mon, 22 Sep 2008 21:43:00 GMT

Downey Financial Corp. today announced that Charles R. Rinehart, 61, has been appointed as Chief Executive Officer of the Company and Downey Savings and Loan Association, F.A., effective September 23,2008. Mr. Rinehart has also been appointed to the Board of Directors of each entity. Mr. Rinehart will succeed Thomas E. Prince, who has served as Downey's interim CEO since July 2008. Mr. Prince will remain with Downey as Senior Executive Vice President, Office of the CEO.[More...]

Downey Financial Corp. Announces Thirteen Month Selected Financial Data - Sep 18 2008 6:13AM

Thu, 18 Sep 2008 09:56:00 GMT

Downey Financial Corp. today released monthly selected financial data for the thirteen months ended August 31, 2008.[More...]

Downey Reaches Agreement on Regulatory Consent Orders and Enhances Financial Strength

Fri, 05 Sep 2008 21:51:00 GMT

NEWPORT BEACH, Calif., Sept. 5 /PRNewswire-FirstCall/ -- Downey Financial Corp. today announced that the Company and its subsidiary, Downey Savings and Loan Association, F.A. (the "Bank"), have reached agreement with the Office of Thrift Supervision (OTS) on Consent Orders which, to a large extent, formalize certain measures previously announced by the Company to enhance the Bank's financial strength.
Downey expects to report a net pre-tax gain of approximately $68 million from this sale.
"We have been working closely with our regulators to aggressively address the challenges Downey has been facing in this unprecedented financial environment and are pleased to have reached agreement on a formal plan that addresses the OTS' concerns," said Michael Bozarth, Downey's Chairman of the Board.

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Paul M. Homan Appointed to Downey Financial Board of Directors

Thu, 21 Aug 2008 17:07:00 GMT

Downey Financial Corp. today announced it has appointed Paul M. Homan to the Boards of Directors of Downey and Downey Savings and Loan Association, F.A. Mr. Homan's appointment increases the size of Downey's Board of Directors from eight to nine directors.[More...]