Comtech Group, Inc. (COGO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Comtech Group, Inc. (COGO)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	5/13/2010 8:24:51 AM
	of 55

Cogo Reports 2010 First Quarter Results finance.yahoo.com - Q1 Net Revenue: $81.0 million Generally Accepted Accounting Principles ("GAAP") (a year-over-year increase of 28.0%) - Q1 Net Income attributable to Cogo Group, Inc.: $3.5 million GAAP and $6.5 million Non-GAAP - Q1 EPS Diluted attributable to Cogo Group, Inc.: $0.09 GAAP and $0.17 Non-GAAP (a year-over-year increase of 41.7% Non-GAAP) - Management provides Q2 2010 guidance of $85-87 million in revenue and estimated Non-GAAP EPS Diluted of $0.17-0.18. Jeffrey Kang, CEO and Chairman of Cogo, remarked, "Management is encouraged by Cogo's results in the first quarter of 2010, and we remain very optimistic about the remainder of the year. We are seeing promising new lines of business in the automotive, HDTV, smart meters, smart grid and 3G handset areas. We are using our balance sheet to help drive revenue growth and opportunistically repurchase stock, and we see tremendous new opportunities in our Industrials business and expect a growing Small and Medium Enterprise customer base. The 3G handset market is improving with increased demand and an increase in dollar content per device. We believe that the opportunities for growth within our telecom business are stronger than popular opinion would suggest. The recently announced, five million share stock repurchase program firmly supports our belief in the Company's long-term growth potential. I would like to reiterate our view that the worst of China's economic situation is behind us, and we are ready to move forward into a high-growth and margin expansion mode for 2010."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next