For Immediate Release
Chicago, IL – December 17, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Adobe Systems (ADBE), Telefonica (TEF), Alcatel-Lucent (ALU), Ericsson (ERIC) and TeliaSonera AB (TLSN).
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Here are highlights from Wednesday’s Analyst Blog:
Adobe Beats, Guidance Strong
Adobe Systems’ (ADBE) earnings for the company’s Q4 of fiscal 2009 (ended Nov. 2009) beat consensus estimates by 2 cents. Revenue was basically in-line, exceeding by 0.6%.
Total revenue was $757.3 million, up 8.6% sequentially and down 17.3% year over year. Revenue exceeded management’s guidance range of $690-740 million (down 1.1% to up 6.1% sequentially).
Products generated 93.4% of revenue, increasing 8.8% sequentially and decreasing 18.2% year over year. Services & Support brought in the remaining 6.6%, growing 5.0% sequentially and declining 1.6% year over year.
The sequential increase is encouraging, as it seems to indicate a stronger IT spending environment, although the decline from the year-ago period is indicative of recession-related weakness. Products and Services & Support usually generate gross margins in the 90% and 60% ranges, respectively. Both areas saw gross margin declines in the last quarter, although they were within the range.
Telefonica O2 UK Tests 4G LTE
O2 UK, the British subsidiary of Spanish Telecom giant Telefonica (TEF), has successfully completed first field trial of its 4G network based on the Long Term Evolution (“LTE”) mobile broadband technology.
The test was launched in O2 UK’s home market Slough, Berkshire, leveraging the infrastructure support provided by Chinese vendor Huawei Technologies. The trial achieved peak downlink speeds of 150 megabits per second (Mbps) while running high-bandwidth applications such as high-definition video streaming, mobile gaming and video conferencing. A larger network launch is expected in late 2010.
Telefonica unveiled the details of a large-scale field trial project in Oct 2009 for 4G LTE network services. The company will test run its 4G LTE network in Spain, UK, Germany and the Czech Republic in Europe, while the Latin American trials are slated to be staged in Brazil and Argentina. The outcome of the trials will help Telefonica chalk out the next phase of network deployment strategy. The company completed the LTE trial in Madrid, Spain, in April 2009 which has demonstrated encouraging throughput levels.
To facilitate the trial projects, Telefonica has selected six technology providers: Alcatel-Lucent (ALU), Ericsson (ERIC), Huawei, NEC, Nokia Siemens and ZTE. Telefonica plans to deliver peak downlink speeds of 340 Mbps, which is difficult to achieve in a practical setting as the available bandwidth will be shared by the company’s huge customer base.
Leading carriers across the globe have adopted LTE as the base technology standard for their 4G network upgrade initiatives due to its fast data transfer capability and ability to handle bandwidth-intensive applications. LTE offers rapid downlink speeds that average 100 Mbps and are faster than other leading 4G standards including WiMax. Swedish telecom operator TeliaSonera AB (TLSN) recently became the first carrier in the world to launch 4G services (in Stockholm and Oslo) based on LTE.
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