News / Business
Speak with other shareholders about: (NYSE: EMC), (NASDAQ: TLAB), (NASDAQ: CNXT) and (NASDAQ: UTSI) .
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EMC Corporation (NYSE: EMC) down 2.3% on 57.9 million shares traded.
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. On July 24th 2007, the company reported record second-quarter revenue and strong profit growth marked by double-digit revenue growth in its systems, software and services businesses and across all major geographies. EMC has now delivered double-digit top-line growth for 16 consecutive quarters.
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Tellabs Inc. (NASDAQ: TLAB) up 2.7% on 22.1 million shares traded.
Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. On July 24th 2007, the company reported second-quarter 2007 revenue of $535 million, down 3% from $549 million in the second quarter of 2006. Tellabs earned $30 million or 7 cents per share in the second quarter of 2007 on a GAAP basis, down 45% from $54 million or 12 cents per share in the second quarter of 2006. On a non-GAAP basis, Tellabs earned $38 million or 9 cents per share, down 48% from $73 million or 16 cents per share in the second quarter of 2006. Non-GAAP results for second-quarter 2007 exclude pretax charges of $14 million for special items, including $8 million or 1.2 cents per share in equity-based compensation expense.
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Conexant Systems, Inc. (NASDAQ: CNXT) down 2.1% on 7.8 million shares traded.
Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide. The company's comprehensive portfolio includes products for broadband access and media processing applications. On July 23rd 2007, the company announced that DareGlobal has chosen the their standard-definition MPEG-2 decoders for two new cable set-top box (STB) receivers that are currently being deployed by multi-service operators in the provinces of Jiangsu and Shandong in the People's Republic of China. Shanghai-based DareGlobal is an international supplier of digital home solutions, and is one of the largest providers of cable, satellite, and terrestrial STB terminals in China.
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UTStarcom, Inc. (NASDAQ: UTSI) down 17.9% on 9.4 million shares traded.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. UTStarcom sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. On July 24th 2007, the company announced select preliminary balance sheet liquidity information as of June 30, 2007. In addition, the Company announced the preliminary results of its review of historical equity grant award practices and a separate independent review of historical sales contracts in China.
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Release date: 25 Jul 2007
