For those looking for a summary of Cannell Capital's assessment of TSYS, there is a new article posted today, entitled: " Cannell Capital Takes TeleCommunications Systems, Inc. To Task".
Just checking my memory...... there was a news release this a.m. stating that "German carmakers buy Nokia maps to fend off digital rivals"....... it's been a while but wasn't TCS working with BMW and other car manufacturers through a relationship with Blackberry on this same sort of thing?
Seems like the Germans went in another direction...... would have been nice if TCS had managed to get a piece of the $2 billion........ does anyone know if TCS still has any viable participation in the auto navigation marketplace?
Althea Chang's article...... Why Samsung’s slashing Galaxy prices
"Samsung has announced plans to slash prices on its Galaxy S6 and S6 Edge smartphones, indicating an effort to boost lagging smartphone sales.
The tech giant reported second-quarter earnings on Wednesday and announced its "plans to firmly maintain its sale of premium smartphones by flexibly adjusting the price of the Galaxy S6 and S6 edge, and launching a new model with a larger screen." Samsung didn't announce specific prices, however.
The price-cutting move comes amid falling profits and a declining share of the smartphone market for Samsung. Profits fell 8 percent last quarter, including a 38 percent decline in mobile income. The company's worldwide quarterly smartphone shipments fell 2.3 percent year over year, according to research firm IDC."
momo..... looks like someone is starting their attempt to push the share price down..... order imbalance on the NYSE with 89,400 shares on the sell side...... doesn't bode well for after hours but one never can tell how it will shake out..... GLTA
momo..... looks to me like there's very heavy put activity in the 8/21/15 45 puts today...... 18k contracts today with 38k open contracts....... JMO, but it looks like someone wants to take it back down again in the next couple weeks. GLTA
Schwab Reports Second Quarter Earnings Announcement Expected:
TSYS has confirmed that earnings will be announced Thursday. The consensus earnings are $0.03, with a high and low of $0.04 and $0.01, respectively. The mean has trended downward from the last estimate of $0.04. Expected Timing: After close
It was also my assumption that the second Schwab release just had an incorrect caption that should have reflected Owens Corning..... i.e. Stifel appears to have a $45 target for CRUS and $54 for OC.
atsou..... just a word of caution..... I saw Schwab's second announcement re: CRUS & Stifel...... if you read it closely, it looks to me that the announcement is actually for OC (Owens Corning)..... Stifel and/or Schwab needs to clarify the announcement since it could just as easily apply to CRUS. GLTA
Note that CRUS short interest rises just prior to each earnings release...... seems like there'd be danger to the shorts if that pattern becomes too predictable.
passion..... yes indeed we were all sitting on the edges of our seats with the Maryland contract..... hey, it's a good contract but that dollar volume won't solve TSYS's issues......
I've put up with the hollow projections and negligible earnings for several years now so I'd be hard pressed to say what would happen if anything great came to fruition. What are we hoping for this quarter, $0.03 for the quarter????? So should we be elated with the prospect of $0.04?????? GLTA