Tag Archives: wireless
Broadcom Corporation (BRCM), with a market cap of $19.96B, is a global semiconductor solution for wired and wireless communications, providing system-on-a-chip, and software solutions. Broadcom continues to benefit from strong smartphone/mobile device sales, whereas BRCM’s chips provide short-range wireless connectivity in Apple (AAPL)’s iPhone and iPad, as well as Samsung’s Galaxy line of mobile devices. Apple and Samsung contribute for more than 30 percent of BRCM’s sales, which was helped by stronger iPhone sales.
Strong Revenue and Profit
BRCM posted Q1 revenue of $2.01B, up 9.7 percent from the year-earlier period and beating analysts’ expectation of $1.91B. BRCM reported net income of $191M (33 cents per share), up from $88M (15 cents per share) in Q1, 2012. Excluding one-time costs, BRCM earned 65 cents per share, beating analysts’ estimate of 56 cents per share. Solid results were due to strong demand for wireless base band and connectivity chips. The management also sees sequential growth ahead in broadband business. BRCM expects Q2 revenue of $2.02B-$2.18B, beating analysts’ average projection of $2.05B.
BlackBerry (BBRY)’s BlackBerry Z10 is now on sale in the United Stated. AT&T Inc. (T), the second-largest U.S. wireless carrier, will start selling the highly anticipated BlackBerry Z10 touchscreen smartphone in the United States on March 22, 2013. The U.S. launch of the new devices has been delayed due to a longer carrier-testing phase in the country. AT&T’s pre-sales of the devices had started on Tuesday, March 12. AT&T is selling the devices for $199.99 with a two-year contract. T-Mobile USA also started to sell the BlackBerry Z10 to its business customers in the United States on Monday. Verizon Inc. (VZ), the largest U.S. wireless carrier, has yet to announce when it will start selling the Z10. Earlier, Sprint (S) confirmed that they will not be carrying the BlackBerry Z10 which will make Sprint the only one of the 4 major US carriers not carrying the Z10 instead opting only for the BlackBerry Q10.
Estimate by the Analyst
On March 11, Scotiabank analyst Gus Papageorgiou said, “We believe the Street is pricing in such a weak fiscal 2014 that BB10 does not need to be an outstanding success to surprise.” Papageorgiou has a sector outperform rating on BBRY and expects the company sold about 1 million BlackBerry 10 devices in the quarter ended March 2. The analyst indicated that next quarter will be the true test as BB10 launches in the U.S. and gross margins should improve as more Z10s enter the mix.
Nokia: Lumia Receiving Positive Updates And Offering Value At More Competitive Prices [Seeking Alpha]
Nokia Corporation (NOK) continues to receive positive updates for its Lumia phones around the world. In this article, positive developments will be updated for Lumia phones and the speculation for two new lower-cost Lumia phones, Lumia 720 and Lumia 520, will be reviewed.
Positive Updates for Lumia
Lumia 620: Lumia 620 are sold out in UK and is one of the top selling phones at Singtel, Singapore. Black, white, and Lime Green Lumia 620 are in stock at official Nokia Shop in Germany now. Lumia is reported to take surprisingly good “close to real” photos in low-light and daylight. Lumia 620 now holds “top 5 ranks” in the Top selling phone list at Expansys USA. Nokia Lumia 620 is an excellent choice for younger phone fanatics or just those wanting to take their first steps into Windows Phone 8.
Lumia 822: Lumia 822 are in demand and are the most popular phone at Verizon and RadioShack Wireless
Lumia 920: Nokia is upgrading AT&T Lumia 920 with LTE Band 2 and Band 5. Yellow Lumia 920 phones are sold out at Nokia Shop in India. Red Lumia 920 phones are sold out at AT&T. Nokia’s Lumia 920 has stolen the Mall of America from BlackBerry, and was voted Smartphone of the Year by Engadget readers.
India: Nielsen consumer rankings rates Nokia as the most preferred mobile handset brand in India.
Brazil: Brazil welcomes Lumia 920, 820, and 620 launch with long in-store queues, where Lumia 920 phones are sold out in-store and online.
China: Lumia 920T are in stock at China Mobile’s GuangDong stores, where the phone climbs back to the top of best sellers list.
Sprint Nextel (S) is the third-largest carrier in the U.S., serving 48 million customers directly. On Dec. 7, 2012, Sprint announced an agreement to acquire a 50% stake in Clearwire Corporation (CLWR) it does not currently own for $2.97 per share. With Clearwire’s huge spectrum assets and SoftBank’s (SFTBF.PK) capital backing, Sprint Nextel could soon be a big force to compete in the new landscape as spectrum resources become scarcer and high-speed 4G LTE becomes a widespread standard. In this article, the recent developments for LTE networks for Sprint Nextel and Clearwire will be updated.
Sprint‘s Network Vision
“Network Vision is Sprint’s plan to consolidate multiple network technologies into one new, seamless network with the goal of increasing efficiency and enhancing network coverage, call quality and data speeds for customers across the United States. In addition to deploying a new 3G network, Sprint will roll out LTE nationwide. Sprint has launched 4G LTE in 49 markets – including Dallas, Houston, Atlanta and Baltimore – and sites are on-air and implementation is under way in hundreds more,” as quoted from Sprint’s official website.
In the last Q4, 2012 management discussion, Sprint’s management indicated that the company is not changing the outlook of 12,000 sites for Q1, 2013. Sprint had zoning completed on nearly 29,000 sites and leasing completed on over 27,000 sites, with a 34% increase over Q3 for both. Sprint had doubled the number of cities under construction to over 450, and the company had now launched 4G LTE in 58 cities with nearly 170 more expected to launch in the months to come. With over 8,000 sites on air, the number is nearly doubled as compared to 3 months ago.