Key Developments For j2 Global Communications Inc
j2 Global Communications Inc (JCOM.O) (Nasdaq)
j2 Global Communications, Inc. Reaffirms FY 2009 Guidance-Conference Call
j2 Global Communications, Inc. reaffirmed fiscal 2009 guidance and expects modest increase in both revenue and non-GAAP EPS compared to fiscal 2008. The Company reported revenues of $241.51 million and EPS of $1.70 for fiscal 2008.
j2 Global Communications, Inc. Reaffirms FY 2009 Guidance
j2 Global Communications, Inc. announced that for fiscal 2009, it expects modest revenue and earnings growth (net of expenses related to share-based compensation and impairment charges for auction rate and related securities), inclusive of acquisitions, versus 2008 despite the ongoing global economic crisis. The Company reported revenues of $241.51 million and EPS of $1.70 for fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $245.79 million and EPS of $1.79 for the same period.
j2 Global Communications Reaffirms FY 2009 Guidance
j2 Global Communications announced that for fiscal 2009, it expects modest revenue and earnings growth (net of expenses related to share-based compensation), inclusive of acquisitions, versus 2008 despite the ongoing global economic crisis. According to Reuters Estimates, analysts were expecting the Company to report revenues of $249.90 million and EPS of $1.77 for the same period.
j2 Global Communications Acquires CallWave Inc's Internet Fax Assets
j2 Global Communications announced that it has acquired the assets, including the subscriber base, associated with the Internet fax technology of CallWave, Inc., the San Francisco-based provider of Internet and mobile based unified communications solutions. As part of this transaction, j2 has purchased two issued fax-related U.S. patents and six pending U.S. and foreign fax-related patent applications. j2 has also obtained a fully paid up, perpetual license to all of CallWave's issued and pending patents. The terms of the transaction were not disclosed.
j2 Global Communications Comments on FY 2009 Outlook
j2 Global Communications announced that for fiscal 2009, it expects modest revenue and earnings growth (net of expenses related to stock-based compensation), inclusive of acquisitions, despite the ongoing global economic crisis.
