Syndication Feed From Technology News Daily - Corporate Finance

Trolltech® Reports Q1 2008.

Technology News Staff — Fri, 09 May 2008 14:53:08 +0000

Trolltech® announced the financial results for the first quarter 2008. Trolltech ASA generated revenues of NOK 55.6 million in the first quarter, which constitutes a year-over-year revenue growth of 15.5 percent. There has been a positive sales trend in Q1 driven by the sales of the Qt® application framework and Qtopia® software.

- We continue to build our business through an increasing number of market leading customers. Trolltech has a global client base in a wide range of industries, ensuring that Qt continues to be a world-class cross-platform tool at the forefront of innovation, says CEO Haavard Nord.

Cisco (NASDAQ: CSCO) Reports Q3 2008

Technology News Staff — Wed, 07 May 2008 12:19:52 +0000

Cisco(R) (NASDAQ: CSCO) reported its third quarter results for the period ended April 26, 2008. Cisco reported third quarter net sales of $9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.8 billion or $0.29 per share, and non-GAAP net income of $2.3 billion or $0.38 per share.

Net sales for the first nine months of fiscal 2008 were $29.2 billion, compared with $25.5 billion for the first nine months of fiscal 2007. Net income for the first nine months of fiscal 2008, on a GAAP basis, was $6.0 billion or $0.97 per share, compared with $5.4 billion or $0.86 per share for the first nine months of fiscal 2007. Non-GAAP net income for the first nine months of fiscal 2008 was $7.2 billion or $1.16 per share, compared with $6.1 billion or $0.98 per share for the first nine months of fiscal 2007.

ReliOn, $23 Million In Equity Financing

Technology News Staff — Fri, 02 May 2008 17:34:23 +0000

ReliOn has secured an additional U.S. $23 million in equity financing as a result of Series C funding activities.

The PCG Clean Energy & Technology Fund and Robeco join a strong syndicate of existing investors in ReliOn, including Oak Investment Partners, Enterprise Partners Venture Capital, Wall Street Technology Partners, Chrysalix Energy Venture Capital, Buerk Dale Victor, and ReliOn’s former parent corporation, Avista Corp.

Xunlight Raises $22 Million For Thin-Film Solar

Technology News Staff — Tue, 29 Apr 2008 14:11:11 +0000

Xunlight Corporation has raised $22 million in a Series B financing. The investment was led by Trident Capital, a leading private equity and venture capital firm that has over $1.6 billion under management. Existing investors, Emerald Technology Ventures and NGP Energy Technology Partners, participated in the round. The proceeds will be used to build commercial manufacturing capacity for the production of lightweight and flexible thin film silicon solar modules.

Ericsson Reports 1st Quarter 08 Results

Technology News Staff — Mon, 28 Apr 2008 13:53:36 +0000

The year-over-year sales increased by 5%. Growth was negatively affected by a continued weakened USD. Organic growth in constant currencies is estimated to 9% and acquisitions added 2%.

Gross margin amounted to 38.6% (43.0%) and declined year-over-year, mainly due to the business mix with a high proportion of new network buildouts. Sales of software and IPRs were slightly higher in the quarter.

eSolar, Pre-Fab Solar Power Plants Raises $130M

Technology News Staff — Wed, 23 Apr 2008 14:08:08 +0000

eSolar™ has closed $130 million in funding from Idealab, Google.org, Oak Investment Partners, and other investors for the construction and deployment of pre-fabricated power plants. Designed to address the complex issues surrounding large or utility-scale power projects, eSolar’s distributed solar thermal plants achieve economies of scale at 33 MW, and are modularly scaled to fit the needs of large and small utilities.

AT&T Inc. (NYSE:T) Reported Strong First-Quarter Results 2008

Technology News Staff — Tue, 22 Apr 2008 18:44:45 +0000

AT&T Inc. (NYSE:T) reported strong first-quarter results, highlighted by a significant ramp in consolidated revenue growth, led by improved results in wireless and enterprise, and further expansion of wireless and consolidated margins. This marked AT&T's 12th consecutive quarter of double-digit growth in adjusted earnings per share.

Reported Results:

For the quarter ended March 31, 2008, AT&T's revenues totaled $30.7 billion, up 6.1 percent versus reported results in the year-earlier quarter and up 4.6 percent compared with first-quarter 2007 pro forma revenues, which exclude merger-related accounting impacts on directory revenues. This marks a substantial step up from year-over-year pro forma revenue growth of 2.9 percent in the fourth quarter of 2007 and 1.7 percent in the first quarter of 2007.

Orbital Reports 1st Quarter 2008 Financial Results

Technology News Staff — Sat, 19 Apr 2008 15:22:40 +0000

Orbital Sciences Corporation (NYSE: ORB) reported its financial results for the first quarter of 2008. Orbital’s first quarter revenues increased 30% to $296.0 million in 2008, compared to $228.2 million in 2007. The company’s first quarter operating income rose 23% to $21.6 million in 2008, as compared to $17.5 million in 2007. First quarter net income increased 19% to $13.7 million in 2008, compared to $11.5 million in 2007, and diluted earnings per share increased to $0.23, compared to $0.19 in the first quarter of 2007. Orbital reported first quarter 2008 free cash flow* of $17.8 million compared to free cash flow of $3.9 million in the first quarter of 2007.

Hydrokinetic Power, $2.6 Million Series-A Funding

Technology News Staff — Sat, 19 Apr 2008 15:13:21 +0000

Hydro Green Energy, LLC (HGE), a Houston-based hydrokinetic river power and tidal energy technology integrator and project developer, recently announced that it has closed its $2.6 million Series-A funding round led by the Quercus Trust.

Hydro Green Energy intends to build and operate hydrokinetic power projects that generate electricity exclusively from moving water (river currents, tidal currents and ocean currents) without having to first construct dams, impoundments, conduits or other infrastructure. Its technology is also deployable downstream from existing hydropower facilities, which allows for new incremental, environmentally-friendly, renewable power generation within the existing project footprint.

Nokia Q1 2008 Reported

Technology News Staff — Fri, 18 Apr 2008 14:27:21 +0000

Nokia's first quarter 2008 net sales increased 28% to EUR 12.7 billion, compared with EUR 9.9 billion in the first quarter 2007. At constant currency, group net sales would have increased 35%.

First quarter 2008 operating profit grew 20% to EUR 1.5 billion (including the EUR 333 million net negative impact of special items), compared with EUR 1.3 billion in the first quarter 2007 (including a EUR 69 million negative impact of special items). The special items for the first quarter 2008 included a EUR 217 million loss due to transfer of Finnish pension liabilities (impacting Common Group Functions), a EUR 65 million gain due to transfer of Finnish pension liabilities (impacting Nokia Siemens Networks operating profit) and a EUR 100 million restructuring charge in Nokia Siemens Networks (impacting Nokia Siemens Networks operating profit). The special items for the first quarter 2008 also included a EUR 81 million facilities impairment and other charges related to the closure of the Bochum site in Germany (impacting Devices & Services operating profit), which did not include any of the people related costs of EUR 200 million already disclosed. The remaining charges are expected to be recorded during the subsequent periods in 2008. Nokia's first quarter 2008 operating margin was 12.1% (12.9%), including the EUR 333 million net negative impact of the special items. Excluding the special items, Nokia's first quarter 2008 operating margin was 14.7% (13.6%).