Asia Fresh News

Asia Fresh Stories

Archive for February 1st, 2013

Western Union’s 31,000 Book Drive for China’s Provinces: International Red-packet Giving also Gifts Knowledge to Children in Need This CNY

leave a comment »

Western Union rallies consumers and supporters with the aim to stock libraries in China’s 31 provinces
BEIJING/PRNewswire/ — The Western Union Company (NYSE: WU), a leader in global payment services, today invited the Chinese community globally to join a Chinese New Year drive. The goal is to gift the China Youth Development Foundation 31 libraries of 1,000 books, enough for each of mainland China’s 31 provinces.

Drina Yue, Managing Director and Senior Vice President, Western Union Asia-Pacific and Chunlei Yang, Deputy Secretary General of China Youth Development Foundation together unveiled the “31,000 Book Drive” plan in Beijing, China on January 29, 2013.
Upholding the Chinese tradition of red envelope gifting of cash during Chinese New Year, Western Union will make a gift to the China Youth Development Foundation for every transaction sent from one of 21 countries into China during the promotional period.
The company will also donate for every “like” of its post about the campaign on Facebook and every “reTweet” of its program announcement on Twitter. The program enables consumers to promote education for children in need, just by using or “liking” Western Union.
The 21 participating countries are the United States and Canada in North America; the United Kingdom, France, Spain, Belgium, the Netherlands, Italy and Russia in Europe and Central Asia; the Kingdom of Saudi Arabia and the United Arab Emirates in the Middle East; Angola in Africa; Australia, Japan, Singapore and Malaysia in Asia Pacific; and Brazil, Peru, Panama, Paraguay and Uruguay in Latin America.
“Western Union’s analysis shows more gifts are given at Chinese New Year than during any festive or seasonal holiday around the world. Billions of gifts of cash are exchanged, traditionally crisp new banknotes wrapped in red envelopes and increasingly through remittances with over 40 million Chinese living and working overseas,” says Drina Yue, Managing Director and Senior Vice President, Western Union Asia-Pacific.
“As we reach out to friends and family in China in the lead-up to Chinese New Year, just by using Western Union, we are creating opportunity and bringing good fortune to young people in the year of the snake and beyond. There is no more valuable gift than the gift of knowledge,” she said.
“During the Spring Festival, it’s our custom in China to think not only of a new start but about others. We are delighted that Western Union has created a platform to gather the good wishes of people from all around the world to stimulate the curiosity of young people and help them to prepare for a brighter future,” Mr. Chunlei Yang, Deputy Secretary General of the China Youth Development Foundation said.
Cash remains the gift of choice during Chinese New Year and represents in Chinese culture close family ties, devotion and respect of elders and good fortune for the future, according to Western Union consumer insights.
The maximum value donated for all transaction and social network activity between January 28, 2013 and February 10, 2013 will be USD50,220, which equates to funding 31 libraries of 1,000 books each. Each qualifying transaction and social media activation will trigger a donation of USD 0.25.
Chinese New Year falls on February 10 this year and will see out the dragon year and welcome the entrance of the snake.
This campaign is part of Western Union’s Education for Better program, a three-year commitment to advance global education goals.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of September 30, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 510,000 agent locations in 200 countries and territories. In 2011, The Western Union Company completed 226 million consumer-to-consumer transactions worldwide, moving US$81 billion of principal between consumers, and 425 million business payments. For more information, visit http://www.westernunion.com.
Source: Western Union

Written by asiafreshnews

February 1, 2013 at 4:00 pm

Posted in Uncategorized

Shanghai International Children Baby Maternity Industry Expo (CBME China) Forms Alliance with ABC Kids Expo and BPA/Harrogate Nursery Fair

leave a comment »

SHANGHAI /PRNewswire/ — The Shanghai International Children Baby Maternity Industry Expo (CBME China), has formed an alliance of mutual cooperation with the ABC Kids Expo (USA) and Harrogate Nursery Fair (UK)/Baby Products Association (BPA) for reciprocal pavilions at each other’s shows.
Held annually in Shanghai, CBME is now the largest sourcing event for baby, children and maternity products; ABC Kids Expo is the largest North American baby, maternity and juvenile products exhibition and Harrogate Nursery Fair is the UK’s only nursery trade event.
Athena Gong, General Manager of CBME said, “As we launched the ‘Unlocking the Doors to China’ seminar series in Germany and the US this year, we saw that many children and baby products suppliers were looking for new market opportunities beyond their current market. This cooperation with ABC Kids Expo and Harrogate Nursery Fair will not only help suppliers expand their businesses overseas, but it will help boost the children, baby and maternity products industry as a whole.”
Larry Schur, President of the ABC Kids Expo said, “Based on feedback and attendance at the international session held during the ABC show in October, many of our exhibitors have expressed an interest in establishing relationships overseas. We look forward to facilitating their experience and generating export opportunities for them by having a USA/ABC Pavilion in China and the UK.”
Luke Burns, Chairman of the Baby Products Association, said that BPA members had expressed great interest in both the USA and China Markets, “This alliance helps us to help our members be more successful.” Added Robert Anslow, Managing Director of Harrogate Nursery Fair, “We look forward to the opportunity to warmly welcome ABC and CBME exhibitors and help them to market their products in our country.”
Due to the challenges of exhibiting internationally, all show management agreed that providing a turnkey exhibit for new-to-market companies was essential. Margaret Ma-Connolly, Managing Director of UBM China concurred, “As rules and regulations vary from country to country, inducting country pavilions enables small and medium sized companies to have a far larger presence than exhibiting alone. We are excited to work with ABC Kids Expo and Harrogate Nursery Show to facilitate introducing more products and exhibitors to Asia and in particular China.”
In addition to pavilions in each other’s shows, each exhibition will hold export opportunity seminars at each respective exposition and receive additional publicity through co-marketing promotions.
About the Children Baby Maternity Industry Expo (CBME) http://www.cbmexpo.com/en
Held annually in Shanghai, the Children Baby Maternity Industry Expo (CBME) is the largest sourcing event for baby, children and maternity products in the world. This is the perfect business platform for buyers, manufacturers, distributors and suppliers in the industry to meet and do business in one venue.
CBME 2013 will be on July 17-19, 2013 in Shanghai New International Expo Centre (SNIEC). The event is expected to host 2,100 brands, 1,400 exhibitors in 138,000 square meters of exhibition space in 2013. For more information, please contact cbmexpo@cbmexpo.com.
About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia operates in 19 market sectors with headquarters in Hong Kong and subsidiary companies across Asia, including UBM China in Shanghai, Hangzhou, Guangzhou and Beijing. We have over 240 products including trade fairs, conferences, trade publications, B2B/B2C portals and virtual event services. As Asia’s leading exhibition organiser and the biggest commercial organiser in China, India and Malaysia, we stage the leading events of their kind across the region. Our 200 events, 24 publications and 16 vertical portals serve over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world with high value face-to-face business-matching events, quality and instant market news and industry trends, and round-the-clock online trading networks and sourcing platforms. We have over 1,100 staff in 21 major cities across Asia, stretching from Japan to Turkey.
About the Baby Products Association
The Baby Products Association (BPA) is a membership organisation established in the UK in 1945 with the objective of promoting the baby and nursery products sector in both the UK and Europe. Today it plays an active role in the development of product standards and provides an umbrella of support and specialist services to its membership.
About Harrogate Nursery Fair
Harrogate Nursery Fair is the UK’s only nursery trade event attracting almost every manufacturer and supplier of baby goods in the UK – as well as numerous companies from around the world. Established for 43 years, the show has the deserved reputation as the first port of call for retailers and buyers looking for new and innovative baby products from pregnancy, baby goods and accessories to wheeled goods, infant car seats and nursery furniture. Harrogate guarantees a diverse array of products with almost everything you could possibly require for children from birth to four years, including pre-school toys and gift ranges. Harrogate is easily accessible for international exhibitors and visitors – just a short distance from Leeds/Bradford and Manchester Airports and served by direct trains from London.
About ALL BABY & CHILD, INC.
All Baby & Child, Inc. is a non-profit organization founded in March 2003. It is a partnership of juvenile products manufacturers and industry retailers whose primary objective and purpose is to act as a business league that helps organize and produce trade shows and educational conferences for the benefit of juvenile products manufacturers, industry retailers, trade media, distributors and manufacturers’ representatives of juvenile products. The ABC Spring Educational Conference & Trade Show and the ABC Kids Expo® are private trade events and not open to the general public.
Source: UBM China

Written by asiafreshnews

February 1, 2013 at 11:53 am

Posted in Uncategorized

Qualcomm Announces First Quarter Fiscal 2013 Results

leave a comment »

Revenues $6.0 Billion
GAAP EPS $1.09, Non-GAAP EPS $1.26
– Record Quarterly Revenues and Non-GAAP EPS; Raising Fiscal 2013 Guidance –

SAN DIEGO /PRNewswire/ — Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the first quarter of fiscal 2013 ended December 30, 2012.
“We are pleased to report record quarterly revenues, Non-GAAP EPS and MSM chip shipments, driven by the growing global demand for smartphones and our industry-leading portfolio of 3G/LTE chipsets,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. “Our broad licensing partnerships and extensive chipset roadmap, including our recently announced best-in-class Qualcomm Snapdragon 800 and 600 processors, position us well for strong growth, and we are pleased to be raising our revenue and earnings guidance for fiscal 2013.”
First Quarter Results (GAAP)
Revenues: 1 $6.02 billion, up 29 percent year-over-year (y-o-y) and 24 percent sequentially.
Operating income: 1 $2.09 billion, up 35 percent y-o-y and 69 percent sequentially.
Net income: 2 $1.91 billion, up 36 percent y-o-y and 50 percent sequentially.
Diluted earnings per share: 2 $1.09, up 35 percent y-o-y and 49 percent sequentially.
Effective tax rate: 1 18 percent for the quarter.
Operating cash flow: $1.98 billion, up 11 percent y-o-y; 33 percent of revenues.
Return of capital to stockholders: $678 million, including $428 million, or $0.25 per share, of cash dividends paid, and $250 million through repurchases of 4.3 million shares of common stock.
1 Throughout this news release, fiscal 2012 results for FLO TV are presented as discontinued operations. Revenues, operating expenses, operating income, earnings before tax (EBT) and effective tax rates are from continuing operations (i.e., before adjustments for noncontrolling interests and, for fiscal 2012, discontinued operations), unless otherwise stated.
2 Throughout this news release, net income and diluted earnings per share are attributable to Qualcomm (i.e., after adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.
Non-GAAP First Quarter Results
Non-GAAP results exclude the QSI segment, certain share-based compensation, certain acquisition-related items and certain tax items.
Revenues: $6.02 billion, up 29 percent y-o-y and 24 percent sequentially.
Operating income: $2.45 billion, up 31 percent y-o-y and 52 percent sequentially.
Net income: $2.20 billion, up 32 percent y-o-y and 42 percent sequentially.
Diluted earnings per share: $1.26, up 30 percent y-o-y and 42 percent sequentially. Excludes $0.01 loss per share attributable to QSI, $0.12 loss per share attributable to certain share-based compensation and $0.04 loss per share attributable to certain acquisition-related items.
Effective tax rate: 18 percent for the quarter.
Free cash flow (defined as net cash from operating activities less capital expenditures): $1.85 billion, up 24 percent y-o-y; 31 percent of revenues.
Detailed reconciliations between results reported in accordance with generally accepted accounting principles (GAAP) and Non-GAAP results are included within this news release.
First Quarter Key Business Metrics
MSMTM chip shipments: 182 million units, up 17 percent y-o-y and 29 percent sequentially.
September quarter total reported device sales: approximately $53.3 billion, up 29 percent y-o-y and 15 percent sequentially.
September quarter estimated 3G/4G device shipments: approximately 233 to 237 million units, at an estimated average selling price of approximately $224 to $230 per unit.
Cash and Marketable Securities
Our cash, cash equivalents and marketable securities totaled $28.4 billion at the end of the first quarter of fiscal 2013, compared to $22.0 billion a year ago and $26.8 billion at the end of the fourth quarter of fiscal 2012. On January 15, 2013, we announced a cash dividend of $0.25 per share payable on March 27, 2013 to stockholders of record as of March 8, 2013.
Research and Development
($ in millions)

Non-GAAP

QSI

Share-Based
Compensation

GAAP

First quarter fiscal 2013

$ 949

$ 1

$ 156

$ 1,106

As % of revenues

16%

18%

First quarter fiscal 2012

$ 746

$ 1

$ 126

$ 873

As % of revenues

16%

19%

Year-over-year change ($)

27%

N/M

24%

27%

N/M – Not Meaningful

Non-GAAP research and development (R&D) expenses increased 27 percent y-o-y primarily due to an increase in costs related to the development of CDMA-based 3G, OFDMA-based 4G LTE and other technologies for integrated circuit and related software products and to expand our intellectual property portfolio.
Selling, General and Administrative
($ in millions)

Non-GAAP

QSI

Share-Based
Compensation

Acquisition-
Related Items

GAAP

First quarter fiscal 2013

$ 468

$ 7

$ 105

$ 7

$ 587

As % of revenues

8%

10%

First quarter fiscal 2012

$ 381

$ 12

$ 101

$ 9

$ 503

As % of revenues

8%

11%

Year-over-year change ($)

23%

N/M

4%

N/M

17%

N/M – Not Meaningful

Non-GAAP selling, general and administrative (SG&A) expenses increased 23 percent y-o-y primarily due to increases in employee-related expenses and costs relating to legal matters.
Effective Income Tax Rates
In the first quarter of fiscal 2013, the effective income tax rates for GAAP and Non-GAAP were both 18 percent. Starting in the second quarter of fiscal 2013, our fiscal 2013 annual effective income tax rates are estimated to be approximately 16 percent for GAAP and approximately 17 to 18 percent for Non-GAAP, which include the recent retroactive extension of the federal R&D tax credit. The R&D tax credit benefit related to fiscal 2012 that will be recorded in the second quarter of fiscal 2013 will be excluded from Non-GAAP results.
QSI Segment
QSI makes strategic investments, many of which are in early-stage companies, and holds wireless spectrum. GAAP results for the first quarter of fiscal 2013 included $0.01 loss per share for QSI.
Business Outlook
The following statements are forward looking, and actual results may differ materially. The “Note Regarding Forward-Looking Statements” in this news release provides a description of certain risks that we face, and our annual and quarterly reports on file with the Securities and Exchange Commission (SEC) provide a more complete description of risks.
Our outlook does not include provisions for future asset impairments or for pending legal matters, other than future legal amounts that are probable and estimable. Further, due to their nature, certain income and expense items, such as realized investment and certain derivative gains or losses, cannot be accurately forecast. Accordingly, we only include such items in our business outlook to the extent they are reasonably certain; however, actual results may vary materially from the business outlook.
The following table summarizes GAAP and Non-GAAP guidance based on the current business outlook. The Non-GAAP business outlook presented below is consistent with the presentation of Non-GAAP results included elsewhere herein.
Qualcomm’s Business Outlook Summary

SECOND FISCAL QUARTER

Q2 FY12

Current Guidance

Results (1)

Q2 FY13 Estimates

Revenues

$4.94B

$5.8B – $6.3B

Year-over-year change

increase 17% – 27%

Non-GAAP Diluted earnings per share (EPS)

$1.01

$1.10 – $1.18

Year-over-year change

increase 9% – 17%

Diluted EPS attributable to QSI

$0.41

$0.00

Diluted EPS attributable to share-based compensation

($0.11)

($0.12)

Diluted EPS attributable to acquisition-related items

($0.03)

($0.04)

Diluted EPS attributable to tax items (2)

N/A

$0.04

GAAP Diluted EPS

$1.28

$0.98 – $1.06

Year-over-year change

decrease 17% – 23%

Metrics

MSM chip shipments

152M

163M – 173M

Year-over-year change

increase 7% – 14%

Total reported device sales (3)

approx. $51.7B*

approx. $57.5B – $62.5B*

Year-over-year change

increase 11% – 21%

*Est. sales in December quarter, reported in March quarter

FISCAL YEAR

FY 2012

Prior Guidance

Current Guidance

Results (1)

FY 2013 Estimates

FY 2013 Estimates

Revenues

$19.12B

$23.0B – $24.0B

$23.4B – $24.4B

Year-over-year change

increase 20% – 26%

increase 22% – 28%

Non-GAAP Diluted EPS

$3.71

$4.12 – $4.32

$4.25 – $4.45

Year-over-year change

increase 11% – 16%

increase 15% – 20%

Diluted EPS attributable to QSI

$0.40

($0.04)

($0.02)

Diluted EPS attributable to share-based compensation

($0.47)

($0.53)

($0.51)

Diluted EPS attributable to acquisition-related items

($0.14)

($0.15)

($0.15)

Diluted EPS attributable to tax items (2)

$0.01

N/A

$0.04

GAAP Diluted EPS

$3.51

$3.40 – $3.60

$3.61 – $3.81

Year-over-year change

decrease 3% – increase 3%

increase 3% – 9%

Metrics

Est. fiscal year* 3G/4G device average selling price range (3)

approx. $216 – $222

approx. $214 – $226

approx. $214 – $226

*Shipments in Sept. to June quarters, reported in Dec. to Sept. quarters

CALENDAR YEAR Device Estimates (3)

Prior Guidance
Calendar 2012
Estimates

Current Guidance
Calendar 2012
Estimates

Prior Guidance
Calendar 2013
Estimates

Current Guidance
Calendar 2013
Estimates

Est. 3G/4G device shipments

March quarter

approx. 206M – 211M

approx. 206M – 211M

not provided

not provided

June quarter

approx. 210M – 214M

approx. 210M – 214M

not provided

not provided

September quarter

not provided

approx. 233M – 237M

not provided

not provided

December quarter

not provided

not provided

not provided

not provided

Est. calendar year range (approx.)

880M – 930M

915M – 940M

1,000M – 1,070M

1,000M – 1,070M

Est. calendar year midpoint (approx.) (4)

905M

928M

1,035M

1,035M

(1)

Q2 FY12 and FY 2012 results for QSI and GAAP included $0.44 EPS related to a $1.2 billion gain associated with the sale of substantially all of our 700 MHz spectrum, which was recognized in discontinued operations and was excluded from Non-GAAP results.

(2)

In the second quarter of fiscal 2013, we expect to record a tax benefit as a result of the retroactive extension of the federal R&D tax credit related to fiscal 2012 of approximately $0.04 per share, which will be excluded from Non-GAAP results.

(3)

Total reported device sales is the sum of all reported sales in U.S. dollars (as reported to us by our licensees) of all licensed CDMA-based, OFDMA-based and multimode CDMA/OFDMA subscriber devices (including handsets, modules, modem cards and other subscriber devices) by our licensees during a particular period (collectively, 3G/4G devices). The reported quarterly estimated ranges of average selling prices (ASPs) and unit shipments are determined based on the information as reported to us by our licensees during the relevant period and our own estimates of the selling prices and unit shipments for licensees that do not provide such information. Not all licensees report sales, selling prices and/or unit shipments the same way (e.g., some licensees report selling prices net of permitted deductions, such as transportation, insurance and packing costs, while other licensees report selling prices and then identify the amount of permitted deductions in their reports), and the way in which licensees report such information may change from time to time. Total reported device sales, estimated unit shipments and estimated ASPs for a particular period may include prior period activity that was not reported by the licensee until such particular period.

(4)

The midpoints of the estimated calendar year ranges are identified for comparison purposes only and do not indicate a higher degree of confidence in the midpoints.

N/A – Not Applicable

Sums may not equal totals due to rounding.

Results of Business Segments
The following table reconciles our Non-GAAP results to our GAAP results (in millions, except per share data):
SEGMENTS

QCT

QTL

QWI

Non-GAAP
Reconciling
Items (1)

Non-GAAP
(2)

QSI (2)

Share-Based
Compensation (2)

Acquisition-
Related Items
(2)

Tax Items

GAAP

Q1 – FISCAL 2013

Revenues

$4,120

$1,757

$146

($5)

$6,018

$ –

$ –

$ –

$ –

$6,018

Change from prior year

34%

22%

(4%)

N/M

29%

29%

Change from prior quarter

32%

12%

(9%)

N/M

24%

24%

Operating income (loss)

$2,447

($8)

($281)

($70)

$ –

$2,088

Change from prior year

31%

38%

(14%)

(17%)

35%

Change from prior quarter

52%

(100%)

1%

21%

69%

EBT

$1,068

$1,532

($3)

$98

$2,695

($17)

($281)

($70)

$ –

$2,327

Change from prior year

45%

21%

N/M

78%

31%

50%

(14%)

(17%)

35%

Change from prior quarter

120%

12%

N/M

51%

40%

19%

1%

21%

52%

EBT as % of revenues

26%

87%

N/M

N/M

45%

39%

Net income (loss)

$2,204

($12)

($219)

($67)

$ –

$1,906

Change from prior year

32%

45%

(13%)

(22%)

N/A

36%

Change from prior quarter

42%

N/M

1%

14%

N/M

50%

Diluted EPS

$1.26

($0.01)

($0.12)

($0.04)

$ –

$1.09

Change from prior year

30%

0%

(9%)

(33%)

N/A

35%

Change from prior quarter

42%

N/M

8%

0%

N/M

49%

Diluted shares used

1,751

1,751

1,751

1,751

1,751

1,751

Q4 – FISCAL 2012

Revenues

$3,129

$1,572

$161

$9

$4,871

$ –

$ –

$ –

$ –

$4,871

Operating income (loss)

1,612

(4)

(284)

(89)

1,235

EBT

$486

$1,370

($1)

$65

1,920

(21)

(284)

(89)

1,526

Discontinued operations, net of tax

23

23

Net income (loss)

1,547

14

(222)

(78)

10

1,271

Diluted EPS

$0.89

$0.01

($0.13)

($0.04)

$0.01

$0.73

Diluted shares used

1,745

1,745

1,745

1,745

1,745

1,745

Q2 – FISCAL 2012

Revenues

$3,059

$1,723

$159

$2

$4,943

$ –

$ –

$ –

$ –

$4,943

Operating income (loss)

1,900

(89)

(240)

(57)

1,514

EBT

$599

$1,540

($10)

$1

2,130

(99)

(240)

(57)

1,734

Discontinued operations, net of tax

761

761

Net income (loss)

1,759

707

(184)

(52)

2,230

Diluted EPS

$1.01

$0.41

($0.11)

($0.03)

$ –

$1.28

Diluted shares used

1,743

1,743

1,743

1,743

1,743

1,743

Q1 – FISCAL 2012

Revenues

$3,085

$1,440

$152

$4

$4,681

$ –

$ –

$ –

$ –

$4,681

Operating income (loss)

1,871

(13)

(247)

(60)

1,551

EBT

$739

$1,267

$1

$55

2,062

(34)

(247)

(60)

1,721

Discontinued operations, net of tax

(5)

(5)

Net income (loss)

1,672

(22)

(194)

(55)

1,401

Diluted EPS

$0.97

($0.01)

($0.11)

($0.03)

$ –

$0.81

Diluted shares used

1,721

1,721

1,721

1,721

1,721

1,721

12 MONTHS – FISCAL 2012

Revenues

$12,141

$6,327

$633

$20

$19,121

$ –

$ –

$ –

$ –

$19,121

Operating income (loss)

7,100

(116)

(1,035)

(267)

5,682

EBT

$2,296

$5,585

($15)

$168

8,034

(170)

(1,035)

(267)

6,562

Discontinued operations, net of tax

777

(1)

776

Net income (loss)

6,463

690

(811)

(243)

10

6,109

Diluted EPS

$3.71

$0.40

($0.47)

($0.14)

$0.01

$3.51

Diluted shares used

1,741

1,741

1,741

1,741

1,741

1,741

(1)

Non-GAAP reconciling items related to revenues consist primarily of other nonreportable segment revenues less intersegment eliminations. Non-GAAP reconciling items related to earnings before taxes consist primarily of certain costs of equipment and services revenues, research and development expenses, sales and marketing expenses, other operating expenses and certain investment income or losses and interest expense that are not allocated to the segments for management reporting purposes; nonreportable segment results; and the elimination of intersegment profit.

(2)

At fiscal year end, the sum of the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is allocated to tax provisions (benefits) among the columns.

N/M – Not Meaningful

N/A – Not Applicable

Sums may not equal totals due to rounding.

Conference Call
Qualcomm’s first quarter fiscal 2013 earnings conference call will be broadcast live on January 30, 2013, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. This conference call will include a discussion of “Non-GAAP financial measures” as defined in Regulation G. The most directly comparable GAAP financial measures and GAAP reconciliation information, as well as the other material financial and statistical information to be discussed on the conference call, will be posted at http://www.qualcomm.com/investor immediately prior to commencement of the call. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone for 30 days shortly following the live call. To listen to the replay via telephone, U.S. callers may dial (855) 859-2056, and international callers may dial (404) 537-3406. Callers should use reservation number 85067601.
Note Regarding Use of Non-GAAP Financial Measures
The Non-GAAP financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not a term defined by GAAP, and as a result, the Company’s measure of Non-GAAP results might be different than similarly titled measures used by other companies. Reconciliations between GAAP and Non-GAAP results are presented herein.
The Company uses Non-GAAP financial information (i) to evaluate, assess and benchmark the Company’s operating results on a consistent and comparable basis; (ii) to measure the performance and efficiency of the Company’s ongoing core operating businesses, including the QCT, QTL and QWI segments; and (iii) to compare the performance and efficiency of these segments against each other and against competitors outside the Company. Non-GAAP measurements of the following financial data are used by the Company: revenues, cost of revenues, R&D expenses, SG&A expenses, other operating expenses, operating income (loss), net investment income (loss), income (loss) before income taxes, effective tax rate, net income (loss), diluted earnings (loss) per share, operating cash flow and free cash flow. The Company is able to assess what it believes is a more meaningful and comparable set of financial performance measures for the Company and its business segments by using Non-GAAP information. As a result, management compensation decisions and the review of executive compensation by the Compensation Committee of the Board of Directors focus primarily on Non-GAAP financial measures applicable to the Company and its business segments. The Company presents Non-GAAP financial information to provide greater transparency to investors with respect to its use of such information in financial and operational decision-making.
Non-GAAP information used by management excludes QSI, certain share-based compensation, certain acquisition-related items and certain tax items.
QSI is excluded because the Company expects to exit its strategic investments at various times, and the effects of fluctuations in the value of such investments and realized gains or losses are viewed by management as unrelated to the Company’s operational performance.
Share-based compensation expense primarily relates to restricted stock units and stock options. Certain share-based compensation is excluded because management views such expenses as unrelated to the operating activities of the Company’s ongoing core business. Further, the fair values of share-based awards are affected by factors that are variable on each grant date, which may include the Company’s stock price, stock market volatility, expected award life, risk-free interest rates and expected dividend payouts in future years.
Acquisition-related items relate to amortization and impairment charges of certain intangible assets, recognition of the step-up of inventories to fair value and the related tax effects of these items starting with acquisitions completed in the third quarter of fiscal 2011, as well as any tax effects from restructuring the ownership of such acquired assets. Additionally, starting with acquisitions completed in the fourth quarter of fiscal 2012, the Company began excluding expenses related to the termination of contract(s) that limit the use of the acquired intellectual property. These certain acquisition-related items are excluded and are not allocated to the Company’s segments because management views such expenses as unrelated to the operating activities of the Company’s ongoing core business. In addition, these charges are impacted by the size and timing of acquisitions, potentially obscuring period to period comparisons of the Company’s operating businesses.
Certain tax items that were recorded in each fiscal year presented, but that were unrelated to the fiscal year in which they were recorded, are excluded in order to provide a clearer understanding of the Company’s ongoing Non-GAAP tax rate and after tax earnings.
The Company presents free cash flow, defined as net cash provided by operating activities less capital expenditures, to facilitate an understanding of the amount of cash flow generated that is available to grow its business and to create long-term stockholder value. The Company believes that this presentation is useful in evaluating its operating performance and financial strength. In addition, management uses this measure to evaluate the Company’s performance and to compare its operating performance with other companies in the industry.
About Qualcomm
Qualcomm Incorporated (Nasdaq: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit http://www.qualcomm.com.
Note Regarding Forward-Looking Statements
In addition to the historical information contained herein, this news release contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding the Company’s broad licensing partnerships and extensive chipset roadmap positioning it for strong growth; the Company’s business outlook; estimates and guidance related to revenues, GAAP and Non-GAAP diluted earnings per share, effective income tax rates, MSM chip shipments, total reported device sales, 3G/4G device average selling price ranges and 3G/4G device shipment ranges and midpoints; and the treatment of the tax credit benefit resulting from the retroactive extension of the federal R&D tax credit. Forward-looking statements are generally identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with the commercial deployment of our technologies and our customers’ and licensees’ sales of equipment, products and services based on these technologies; competition; our dependence on a small number of customers and licensees; attacks on our licensing business model, including current and future legal proceedings and actions of governmental or quasi-governmental bodies; our dependence on third-party suppliers, including the potential impact of supply constraints; the enforcement and protection of our intellectual property rights; claims by third parties that we infringe their intellectual property; global economic conditions that impact the communications industry and the potential impact on demand for our products and our customers’ and licensees’ products; our stock price and earnings volatility; strategic transactions and investments; the commercial success of our QMT division’s display technology; foreign currency fluctuations; and failures, defects or errors in our products and services or in the products of our customers and licensees. These and other risks are set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2012 and Quarterly Report on Form 10-Q for the fiscal quarter ended December 30, 2012 filed with the SEC. Our reports filed with the SEC are available on our website at http://www.qualcomm.com. We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
Qualcomm, Snapdragon and MSM are trademarks of Qualcomm Incorporated, registered in the United States and other countries. All other trademarks are the property of their respective owners.

Qualcomm Incorporated

Supplemental Information for the Three Months Ended December 30, 2012

(Unaudited)

Acquisition-

Non-GAAP

Share-Based

Related

GAAP

Results

QSI

Compensation

Items (a)

Results

($ in millions, except per share data)

Cost of equipment and services revenues

$ 2,154

$ –

$ 20

$ 63

$ 2,237

R&D

949

1

156

1,106

SG&A

468

7

105

7

587

Operating income (loss)

2,447

(8)

(281)

(70)

2,088

Investment income (loss), net

$ 248

(b)

$ (9)

(c)

$ –

$ –

$ 239

Tax rate

18%

12%

22%

4%

18%

Net income (loss)

$ 2,204

$ (12)

$ (219)

$ (67)

$ 1,906

Diluted earnings (loss) per share (EPS)

$ 1.26

$ (0.01)

$ (0.12)

$ (0.04)

$ 1.09

Operating cash flow

$ 2,046

$ (10)

$ (61)

$ –

$ 1,975

Operating cash flow as % of revenues

34%

N/A

N/A

N/A

33%

Free cash flow(d)

$ 1,853

$ (22)

$ (61)

$ –

$ 1,770

Free cash flow as % of revenues

31%

N/A

N/A

N/A

29%

(a)

Included amortization and impairment charges of certain intangible assets, expense associated with the termination of a contract of an acquiree and the recognition of the step-up of inventories to fair value.

(b)

Included $164 million in interest and dividend income and $91 million in net realized gains on investments, partially offset by $4 million in other-than-temporary losses on investments, $2 million in interest expense and $1 million in losses on derivatives.

(c)

Included $6 million in other-than-temporary losses on investments, $6 million in interest expense and $3 million in equity in losses of investees, partially offset by $5 million in net realized gains on investments and $1 million in interest and dividend income.

(d)

Free cash flow is calculated as net cash provided by operating activities less capital expenditures. Reconciliation of these amounts is included in the “Reconciliation of Non-GAAP Free Cash Flows to Net Cash Provided by Operating Activities (GAAP) and Other Supplemental Disclosures” for the three months ended December 30, 2012 included herein.

N/A – Not Applicable

Sums may not equal totals due to rounding.

Qualcomm Incorporated

Reconciliation of Non-GAAP Free Cash Flows to

Net Cash Provided by Operating Activities (GAAP)

and Other Supplemental Disclosures

(In millions)

(Unaudited)

Three Months Ended December 30, 2012

Share-Based

Non-GAAP

QSI

Compensation

GAAP

Net cash provided (used) by operating activities

$ 2,046

$ (10)

$ (61)

(a)

$ 1,975

Less: capital expenditures

(193)

(12)

(205)

Free cash flow

$ 1,853

$ (22)

$ (61)

$ 1,770

Revenues

$ 6,018

$ –

$ –

$ 6,018

Free cash flow as % of revenues

31%

N/A

N/A

29%

Other supplemental cash disclosures:

Cash transfers from QSI (b)

$ 7

$ (7)

$ –

$ –

Cash transfers to QSI (c)

(103)

103

Net cash transfers

$ (96)

$ 96

$ –

$ –

Three Months Ended December 25, 2011

Share-Based

Non-GAAP

QSI

Compensation

GAAP

Net cash provided (used) by operating activities

$ 1,850

$ (48)

$ (23)

(a)

$ 1,779

Less: capital expenditures

(359)

(359)

Free cash flow

$ 1,491

$ (48)

$ (23)

$ 1,420

(a)

Incremental tax benefits from share-based compensation during the period.

(b)

Primarily cash from sale of equity securities and other investments.

(c)

Primarily funding for strategic debt and equity investments, other investing activities and QSI operating and capital expenditures.

N/A – Not Applicable

Qualcomm Incorporated

Reconciliation of Non-GAAP Tax Rates to GAAP Tax Rates (a)

(in millions)

(Unaudited)

Three Months Ended December 30, 2012

Acquisition-

Non-GAAP

Share-Based

Related

GAAP

Results

QSI

Compensation

Items

Results

Income (loss) from continuing operations
before income taxes

$ 2,695

$ (17)

$ (281)

$ (70)

$ 2,327

Income tax (expense) benefit

(491)

2

62

3

(424)

Income (loss) from continuing operations

$ 2,204

$ (15)

$ (219)

$ (67)

$ 1,903

Tax rate

18%

12%

22%

4%

18%

(a)

At fiscal year end, the sum of the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is allocated to tax provisions (benefits) among the columns.

Sums may not equal totals due to rounding.

Qualcomm Incorporated

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions, except per share data)

(Unaudited)

ASSETS

December 30,

September 30,

2012

2012

Current assets:

Cash and cash equivalents

$ 4,293

$ 3,807

Marketable securities

8,982

8,567

Accounts receivable, net

1,647

1,459

Inventories

1,277

1,030

Deferred tax assets

309

309

Other current assets

595

473

Total current assets

17,103

15,645

Marketable securities

15,096

14,463

Deferred tax assets

1,327

1,412

Assets held for sale

1,037

1,109

Property, plant and equipment, net

2,874

2,851

Goodwill

3,929

3,917

Other intangible assets, net

2,826

2,938

Other assets

649

677

Total assets

$ 44,841

$ 43,012

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Trade accounts payable

$ 1,657

$ 1,298

Payroll and other benefits related liabilities

618

664

Unearned revenues

733

545

Liabilities held for sale

524

1,072

Other current liabilities

1,473

1,723

Total current liabilities

5,005

5,302

Unearned revenues

3,516

3,739

Liabilities held for sale

526

Other liabilities

440

426

Total liabilities

9,487

9,467

Stockholders’ equity:

Qualcomm stockholders’ equity:

Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding

Common stock, $0.0001 par value; 6,000 shares authorized; 1,716

and 1,706 shares issued and outstanding, respectively

Paid-in capital

12,282

11,956

Retained earnings

22,172

20,701

Accumulated other comprehensive income

880

866

Total Qualcomm stockholders’ equity

35,334

33,523

Noncontrolling interests

20

22

Total stockholders’ equity

35,354

33,545

Total liabilities and stockholders’ equity

$ 44,841

$ 43,012

Qualcomm Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

(Unaudited)

Three Months Ended

December 30,

December 25,

2012

2011

Revenues:

Equipment and services

$ 4,199

$ 3,167

Licensing

1,819

1,514

Total revenues

6,018

4,681

Operating expenses:

Cost of equipment and services revenues

2,237

1,754

Research and development

1,106

873

Selling, general and administrative

587

503

Total operating expenses

3,930

3,130

Operating income

2,088

1,551

Investment income, net

239

170

Income from continuing operations before income taxes

2,327

1,721

Income tax expense

(424)

(321)

Income from continuing operations

1,903

1,400

Discontinued operations, net of income taxes

(5)

Net income

1,903

1,395

Net loss attributable to noncontrolling interests

3

6

Net income attributable to Qualcomm

$ 1,906

$ 1,401

Basic earnings per share attributable to Qualcomm:

Continuing operations

$ 1.12

$ 0.83

Discontinued operations

Net income

$ 1.12

$ 0.83

Diluted earnings per share attributable to Qualcomm:

Continuing operations

$ 1.09

$ 0.81

Discontinued operations

Net income

$ 1.09

$ 0.81

Shares used in per share calculations:

Basic

1,709

1,684

Diluted

1,751

1,721

Dividends per share announced

$ 0.250

$ 0.215

Qualcomm Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Three Months Ended

December 30,
2012

December 25,
2011

Operating Activities:

Net income

$ 1,903

$ 1,395

Adjustments to reconcile net income to net cash provided by

operating activities:

Depreciation and amortization

241

208

Revenues related to non-monetary exchanges

(31)

(31)

Income tax provision in excess of income tax payments

195

118

Non-cash portion of share-based compensation expense

283

247

Incremental tax benefit from share-based compensation

(61)

(23)

Net realized gains on marketable securities and other investments

(96)

(44)

Losses (gains) on derivative instruments

1

(45)

Net impairment losses on marketable securities and other investments

10

20

Other items, net

28

6

Changes in assets and liabilities, net of effects of acquisitions:

Accounts receivable, net

(185)

(38)

Inventories

(247)

50

Other assets

(51)

(24)

Trade accounts payable

376

26

Payroll, benefits and other liabilities

(387)

(43)

Unearned revenues

(4)

(43)

Net cash provided by operating activities

1,975

1,779

Investing Activities:

Capital expenditures

(205)

(359)

Purchases of available-for-sale securities

(3,289)

(2,027)

Proceeds from sale of available-for-sale securities

2,226

1,603

Purchases of trading securities

(970)

(1,137)

Proceeds from sale of trading securities

1,024

148

Acquisitions and other investments, net of cash acquired

(39)

(300)

Other items, net

26

4

Net cash used by investing activities

(1,227)

(2,068)

Financing Activities:

Proceeds from issuance of common stock

340

228

Incremental tax benefit from share-based compensation

61

23

Repurchases and retirements of common stock

(250)

(99)

Dividends paid

(428)

(362)

Change in obligation under securities lending

3

20

Other items, net

(1)

(1)

Net cash used by financing activities

(275)

(191)

Changes in cash and cash equivalents held for sale

13

Effect of exchange rate changes on cash and cash equivalents

(18)

Net increase (decrease) in cash and cash equivalents

486

(498)

Cash and cash equivalents at beginning of period

3,807

5,462

Cash and cash equivalents at end of period

$ 4,293

$ 4,964

Qualcomm Contact:
Warren Kneeshaw
Phone: 1-858-658-4813
e-mail: ir@qualcomm.com
Source: Qualcomm Incorporated

Written by asiafreshnews

February 1, 2013 at 10:56 am

Posted in Uncategorized

Tagged with

RAD’s Award-Winning Service Assured Access Solutions Earn MEF’s New Carrier Ethernet 2.0 Certification

leave a comment »

TEL AVIV, Israel/PRNewswire/ —
RAD Data Communications has been included in the first group of manufacturers of Carrier Ethernet devices to have received CE 2.0 certification. The announcement was made at the Metro Ethernet Forum’s Americas Carrier Ethernet Summit in San Diego, California.
The RAD products to have undergone testing in independent labs to receive their CE 2.0 certification are the ETX-5300A Ethernet Service Aggregation Platform, ETX-205A Advanced Carrier Ethernet/Mobile Demarcation Device and ETX-203AX Carrier Ethernet Demarcation Device. These are components of RAD’s Service Assured Access solution, enabling service providers and operators to provision end to end services reliably and consistently without degradation in performance, achieve lower total cost of ownership (TCO), and improve their competitive edge. All three products were previously honored by the industry by winning various Carrier Ethernet Awards at Carrier Ethernet World Congress events.
“CE 2.0 certification is further evidence of RAD’s industry leading position as a vendor of Service Assured Access solutions for retail, wholesale and mobile service providers,” said Amir Karo, RAD’s Vice President of Business Development and Marketing. “RAD is proud to play a central role in the advancement of standardized Carrier Ethernet technology, which will benefit end-users by providing better SLA tools and improved QoE and, in turn, increase operator revenue and profitability by reducing TCO.”
Extends the Original Purpose of Carrier Ethernet
Next Generation CE 2.0 extends the original purpose of Carrier Ethernet with vital additional features, including multiple classes of service (Multi-CoS), greater manageability, and easier inter-connect for eight standard service types, enabling new levels of efficiency and making it easier for a large number of access providers to join the Carrier Ethernet community.
“CE 2.0 is a difficult accreditation to achieve,” noted Bob Mandeville, President and founder of test lab Iometrix, which is responsible for the MEF’s testing process. “To be recognized as CE 2.0 certified, each company must pass a test suite that totals 634 stringent tests,” he explained. “The demand for certified products and services is a driving force, and we expect a significant increase in service provider certifications not only from established markets, but also from developing economies in 2013.”
About RAD
RAD Data Communications provides Service Assured Access solutions that reduce operational complexity and improve service profitability for retail, wholesale and mobile service providers, as well as evolutional migration solutions for service providers and power and transportation utilities, facilitating a smooth, secure and cost-effective transition to packet-based networks. RAD’s multi-faceted in-house technology embraces OAM and performance management; service assurance; traffic management; fault management; synchronization and timing over packet; TDM pseudowire; ASIC and FPGA development; hardware miniaturization; and SFP form-factor solutions. The company’s installed base exceeds 12,000,000 units and encompasses more than 150 service providers around the world.
Contact
Bob Eliaz, RAD Data Communications
+972-3-6458134
bob@rad.com
Source: RAD Data Communications Ltd.

Written by asiafreshnews

February 1, 2013 at 10:09 am

Posted in Uncategorized

Digicel Submits Expression Of Interest In Myanmar

leave a comment »

YANGON, Myanmar/PRNewswire/ — With current mobile penetration well below 10% in Myanmar, Digicel is interested in rolling out a world-class mobile telecommunications and has submitted an expression of interest to the Government of Myanmar.

Digicel has been successful in driving mobile penetration in a number of underserved countries across the globe, most notably in Haiti where mobile penetration was just 5% prior to Digicel’s 2006 launch and now stands at approximately 50%.

Digicel is already one year into a two year sponsorship of the Myanmar Football Federation and recently made a commitment to Special Olympics Myanmar which will see Digicel supporting all of the organisation’s preparations and fund raising activities as it readies its athletes for the World Summer Games in Los Angeles in 2015. This is the first time in its history that Special Olympics Myanmar has received corporate support and is an extension of Digicel’s commitment to support the organisation in all of the markets where Digicel operates.

Digicel Group CEO, Colm Delves, comments; “Digicel is known across the globe for being much more than a telecommunications company. Wherever we do business, we ensure that the people of that country benefit from our presence and significant investments in infrastructure. There is so much potential in Myanmar and, by offering first class and first world communications services that enable the people of Myanmar to achieve extraordinary things in their day to day lives — and supporting individuals and communities — we can help them as they effect positive change.”

ABOUT DIGICEL

After 11 years of operation, Digicel Group Limited has over 13 million customers across its 31 markets in the Caribbean, Central America and the Pacific. Total investment to date stands at over US$4.5 billion worldwide. The company is renowned for delivering best value, best service and best network.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams, including the Special Olympics teams throughout these regions. Digicel sponsors the West Indies cricket team and is also the title sponsor of the Digicel Caribbean Cup. In the Pacific, Digicel is the proud sponsor of several national rugby teams and also sponsors the Vanuatu cricket team.

Digicel also runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti and Papua New Guinea which focus on educational, cultural and social development programmes.

Visit http://www.digicelgroup.com for more information.

SOURCE Digicel Group

Written by asiafreshnews

February 1, 2013 at 9:55 am

Posted in Uncategorized

Kenshoo Social 2.0 Release Empowers Marketers to Fully Activate and Illuminate Social Media

leave a comment »

SAN FRANCISCO /PRNewswire/ —
Breakthrough technology delivers advanced tools for marketers to create integrated social media campaigns and drive measurable results
Kenshoo (http://www.Kenshoo.com), the global leader in premium digital marketing technology, today unveiled version 2.0 of its breakthrough suite of social marketing solutions, Kenshoo Social. With recent data showing that brands using Kenshoo Social achieve tremendous increases in click-through rate (CTR) while reducing cost-per-click (CPC), the release of Kenshoo Social 2.0 enables social marketers to further improve efficiency through scalable campaign management. Additionally, Kenshoo Social delivers powerful optimization tools that generate strong return on ad spend (ROAS) from paid social media while directing holistic budget decisions through tracking and attributing revenue per post (RPP) from owned social media.
(Logo: http://photos.prnewswire.com/prnh/20120907/559592 )
“The time savings our team has achieved by automating the heavy-lifting of creating campaigns and building test permutations within Kenshoo Social has opened up more time for us to invest in our social media program strategy,” said David Rifkin, vice president at Digital Net Agency. “With the Kenshoo Social 2.0 enhanced workflow, we’ll be able to launch, test and scale new ads and campaigns even faster.”
Kenshoo Social 2.0 offers new and improved functionality, including an ad creation wizard to quickly create and launch Facebook ad campaigns at scale, flexible campaign structures, A/B testing, and flexible targeting across demographic and device, among others. New customizable dashboards provide social marketers the freedom of rich data views, the ability to bulk edit ads and campaigns through quick inline and mass-editing tools, and simple and intuitive campaign cloning. Additional solutions within the Kenshoo Social suite include Facebook Exchange management and the industry’s only closed-loop system for integration, measurement, and attribution of paid, earned, and owned media.
“The mechanics of Facebook and other social networks make it challenging to communicate effectively with large numbers of people at scale and measure the impact of brand messaging; Kenshoo Social 2.0 directly addresses these issues through flexible campaign creation and cross-channel attribution supported by real-time data,” said Sivan Metzger, general manager of Kenshoo Social. “Kenshoo Social 2.0 was built from the ground up with the social marketer in mind to activate and illuminate the value of social media across a wide range of owned and paid brand interactions. Bottom line, Kenshoo Social helps brands drive better results from end-to-end social media programs.”
To benchmark client performance in advance of its new product release, Kenshoo Social analyzed all campaigns that had been active on the platform for a period of 12 months. Aggregate results showed tremendous lifts in key metrics including a 186 percent increase in overall CTR and 77 percent decrease in average CPC. Furthermore, Kenshoo Social delivered $4.73 in ROAS for the subset of these brands, agencies, and developers tracking revenue through the platform in December 2012. This figure is based on revenue from direct online sales conversions following clicks on social media ads served via Kenshoo Social. Finally, the Kenshoo Social attribution engine measured RPP as high as $20,387 during November and December 2012. This reflects the total online sales revenue driven by an owned social media post that was amplified via paid advertising using Kenshoo Social.
Please visit KenshooSocial.com/Performance for more data and insights on Kenshoo Social client performance.
About Kenshoo Social
The mission of Kenshoo Social is to activate and illuminate the value of social media with breakthrough technology that drives results. Through Kenshoo Social, marketers can develop integrated social media campaigns to achieve brand building and performance marketing goals. Kenshoo Social is built on the Kenshoo Universal Platform, a scalable infrastructure that bridges the gap between owned, paid, and earned media for cross-channel measurement and optimization. As a Facebook Strategic Preferred Marketing Developer with access to the Facebook Exchange, Kenshoo Social delivers over 1 billion targeted ads each day. Please visit KenshooSocial.com or Facebook.com/KenshooSocial for more information.
About Kenshoo
Kenshoo is a digital marketing technology company that engineers premium solutions for search marketing, social media and online advertising. Brands, agencies and developers use Kenshoo Enterprise, Kenshoo Local and Kenshoo Social to direct more than $25 billion in annual client sales revenue. The Kenshoo Universal Platform delivers automation, intelligence, integration and scale to make better marketing investments. With campaigns running in more than 190 countries for nearly half of the Fortune 50 and all 10 top global ad agency networks, Kenshoo clients include CareerBuilder, Expedia, Facebook, KAYAK, Havas Digital, Hitwise, iREP, John Lewis, Resolution Media, Sears, Starcom MediaVest Group, Tesco, Travelocity, Walgreens, and Zappos. Kenshoo has 16 international locations and is backed by Sequoia Capital, Arts Alliance and Tenaya Capital. Please visit http://www.Kenshoo.com for more information.
Kenshoo Social and Kenshoo are trademarks of Kenshoo Ltd. Other company and brand names may be trademarks of their respective owners. Facebook® is a registered trademark of Facebook, Inc.
Source: Kenshoo

Written by asiafreshnews

February 1, 2013 at 9:48 am

Posted in Uncategorized