Key Developments For Cogo Group, Inc.
Cogo Group, Inc. (COGO.O) (Nasdaq)
Cogo Group, Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates
Cogo Group, Inc. announced that for the fourth quarter of 2009, it expects revenue of $86-$88 million and non-GAAP earnings per share (EPS) diluted of $0.18-$0.19. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.19 on revenue of $86 million for the same period.
Cogo Group, Inc. Announces Contracts
Cogo Group, Inc. announced a series of module design wins within multiple Smartphone and Smartbook products on both Windows Mobile and Android platforms. The Company's initial wins include blue chip Chinese handset vendors such as Huawei and ZTE, and it expects to secure contracts with other domestic China handset vendors as well. Cogo expects to begin recording small amounts of revenue from these contracts from the third quarter of 2009, with sales ramping up through the end of 2009, and into 2010.
Cogo Group, Inc. Issues Q3 2009 Guidance In Line With Analysts' Estimates
Cogo Group, Inc. announced that for third quarter of 2009, it expects $79-$80 million in revenue and non-GAAP earnings per share (EPS) diluted attributable to Cogo Group, Inc. of $0.16-$0.17. According to Reuters Estimates, analysts were expecting the Company to report revenues of $80 million and EPS of $0.17 for the same period.
Cogo Group, Inc. Issues Q2 2009 Guidance In Line With Analysts' Estimates
Cogo Group, Inc. announced that for second quarter of 2009, it expects $70-72 million in revenue and non-GAAP earnings per share (EPS) diluted attributable to Cogo Group, Inc. of $0.14-0.15. According to Reuters Estimates, analysts were expecting the Company to report revenues of $72 million and EPS of $0.15 for the same period.
Cogo Group, Inc. Announces Agreement To Acquire Mega Smart Group Limited
Cogo Group, Inc. announced that it has entered a Share Purchase Agreement to acquire Mega Smart Group Limited, a pioneer in China's developing industrial applications market. The Share Purchase Agreement provides for the purchase all of the issued and outstanding ordinary shares of Mega Smart, which is payable over a period of time in cash. Cogo will rename Mega Smart "Comtech Industrial" upon closure of the deal, which Cogo expects to occur in the second quarter of 2009. Terms of the transaction were not disclosed.
