For Immediate Release
Chicago, IL – December 2, 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: Caterpillar Inc. (CAT), Rogers Communications Inc. (RCI), Comcast Corp. (CMCSA), Time Warner Cable Inc. (TWC) and Verizon Wireless (VZ).
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Here are highlights from Tuesday’s Analyst Blog:
Caterpillar Expands Presence in Asia
Caterpillar Inc. (CAT) announced its plans to acquire a subsidiary of Jinsung T.E.C. Co., Ltd., a South Korea-based manufacturer that specializes in producing undercarriage components for earthmoving and other off-road machinery. The company did not provide the terms of the deal, but said that the acquisition is expected to close in early 2010.
Jinsung T.E.C currently supplies Caterpillar with rollers, idlers and metal-faced seals used on a wide range of Caterpillar machines. The acquisition of its subsidiary, JCS Co., Ltd., will improve Caterpillar’s supply chain and component capacity.
This acquisition supports Caterpillar’s long-term plans of expanding machine capacity in Asia. This acquisition provides Caterpillar with its first manufacturing facility in South Korea. The company already has manufacturing facilities in the other key emerging markets in the Asia-Pacific region — China, India, Indonesia and Australia. The company is focused on growing its customer base in the emerging markets.
Caterpillar sees an improved outlook for 2010. The company said that it is already witnessing growth in China. Asserting its optimistic outlook, the company recently announced plans to increase its machinery prices by 2% effective January 2010.
Though the company expects 2009 sales to decline more than 35% year-over-year, it anticipates an improvement in its top-line in 2010. The company forecasts a 10% to 25% increase in sales for 2010, compared to the midpoint of the 2009 outlook range.
TV Everywhere with Rogers
Rogers Communications Inc. (RCI) has started its TV Everywhere service, named “On Demand Online” in Canada, offering more than 1,000 hours of content from almost 50 broadcast and cable programming partners. TV Everywhere is basically a broadband video service that will enable pay-TV subscribers to watch premium cable programming online over broadband networks. Preference for video-on-demand (watching movie on the Internet) has increased significantly among customers. In addition, demand for online gaming and downloading of various multimedia applications has also gone up.
With TV Everywhere, the cable TV subscribers will have access to any entertainment content developer’s library on his/her computer, notebook and mobile handset through an easy and quick authentication system that will link their pay-TV subscriptions to watch cable programming using a broadband connection. Any customer with a Rogers account can visit rogersondemand.com and register to experience the “On Demand Online” content free from any streaming Internet connection within Canada.
In recent times, the broader infotainment and communications market has become highly competitive. Competition arises from both within the industry as well as from large telecom operators. In view of this competitive threat, TV Everywhere business model is gaining popularity among the North American cable MSOs. Comcast Corp. (CMCSA), the largest cable operator in the U.S. will start its “on Demand Online” services from mid-Dec. Time Warner Cable Inc. (TWC) and telecom giant Verizon Wireless (VZ) have also decided to start the trial run of their own version of TV Everywhere services.
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