Lucent Technologies Adds PCTEL`s VoIP Enabled Roaming Client to IMS Solution For Fixe - 500 Beiträge pro Seite

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Lucent Technologies Adds PCTEL`s VoIP Enabled Roaming Client to IMS Solution For Fixed Mobile Convergence

http://biz.yahoo.com/bw/060209/20060209005112.html?.v=1

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PCTEL`s CLARIFY(R) System Adopted by Telefonica in Mexico
Tuesday February 14, 7:45 am ET
Improving Network Performance and Engineering Efficiency


BARCELONA, Spain--(BUSINESS WIRE)--Feb. 14, 2006--PCTEL, Inc. (Nasdaq:PCTI - News), a leader in wireless broadband solutions, announced today that Telefonica Moviles has adopted the CLARIFY® propagation and interference management solution in an ongoing effort to improve its GSM/EDGE service throughout Mexico. PCTEL will be demonstrating its CLARIFY propagation and interference management solution as well as its entire portfolio of wireless broadband solutions at the 3GSM World Congress in Barcelona, Spain - February 13-16, 2006 (Booth #G24 Hall 2).
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"Telefonica has an aggressive growth strategy in Mexico," remarked Jose Luis Santillan, the operator`s Assistant Director of Engineering, "and we have chosen CLARIFY to be an integral part of network deployment and performance optimization. We also expect that CLARIFY will be a valuable tool in the evolution of our 3G network." Omar Calvo, Telefonica`s Manager of RF Engineering and Network Planning, added, "Containing signal propagation is essential to managing GSM growth and preparing for WCDMA deployment. CLARIFY is helping us discover and resolve the unexpected propagation effects and service-affecting interference that undermine the performance of both technologies."

"We are delighted that Telefonica Moviles in Mexico and several other Telefonica subsidiaries around the world have chosen CLARIFY for their network optimization efforts," said Larry Sakayama, General Manager of PCTEL`s RF Solutions Group, "and we are confident that this solution will address Telefonica`s most pressing challenges, today and as their networks expand."

With its high dynamic range and distinctive ability to identify and locate interference sources, CLARIFY sets the industry standard for interference management in cellular networks. The CLARIFY solution provides unparalleled visibility into network propagation and simplifies interference problem solving without requiring service interruptions, after-hours driving, or the use of test transmitters. CLARIFY measurement data are essential inputs to network optimization, frequency planning, and cell planning. Its simultaneous dual-mode scanning capability enables operators to manage hybrid WCDMA/GSM networks, optimizing RF performance while controlling infrastructure investment. The CLARIFY product line includes a data collection system as well as an analysis platform, and it is available globally.

About Telefonica Moviles

Telefonica Moviles (http://www.telefonica.com.mx), a subsidiary of Telefonica S.A. (NYSE:TEF - News; http://www.telefonica.es), is one of the world`s leading mobile telephony companies. It is a market leader in Spain and Latin America and also has operations in the Mediterranean Basin. In September of 2005, Telefonica Moviles had more than 90 million customers, gaining presence in all key Latin American markets and a position of leadership in the region. These operations make Telefonica Moviles the fourth largest mobile operator in the world. In Mexico, Telefonica Moviles offers its wireless services under the brand name movistar.

About PCTEL

PCTEL, Inc. (Nasdaq:PCTI - News), which is headquartered in Chicago, is a global leader in wireless broadband solutions. PCTEL`s Antenna Products Group (http://antenna.pctel.com) designs, distributes, and supports innovative antenna solutions for public safety applications, unlicensed and licensed wireless broadband, fleet management, network timing, and other GPS applications. PCTEL`s Mobility Solutions` (http://mobilitysolutions.pctel.com) software tools provide secure, access independent, remote connectivity to the Internet and VoIP capability for converged handsets. PCTEL`s RF Solutions` (http://rfsolutions.pctel.com) portfolio of OEM receivers, receiver based products and interference management solutions are used to measure, monitor and optimize cellular networks.

PCTEL protects its leadership position with a portfolio of more than 130 analog and broadband communications, wireless and antenna patents, issued or pending. The company`s products are sold or licensed to wireless carriers, wireless ISPs, distributors, system integrators, wireless test and measurement companies, wireless network equipment and handset manufacturers, PC card manufacturers and government agencies. For more information, please visit the company`s web site at: http://www.pctel.com.



Contact:
PCTEL, Inc.
John Schoen, 773-243-3000 (COO/CFO)
Jack Seller, 773-243-3016 (Public Relations)
[e-mail]

--------------------------------------------------------------------------------
Source: PCTEL, Inc.

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PCTEL Posts $22.8 Million In Fourth Quarter Revenue
Thursday February 23, 4:20 pm ET
Finishes 2005 With $77.7 Million In Revenue
Up 61 Percent Over Prior Year


CHICAGO--(BUSINESS WIRE)--Feb. 23, 2006--PCTEL, Inc. (NASDAQ:PCTI - News), a leader in broadband wireless solutions, announced record revenue for the fourth quarter ending December 31, 2005 and for the entire year. Financial highlights of the quarter and year were:
$22.8 million in revenue for the quarter, which is an increase of 49 percent over the fourth quarter 2004. Revenue for the year ended December 31, 2005 is $77.7 million, up 61 percent from the same period in the prior year.
$15.3 million in revenue for the quarter from the Antenna Products Group. This is an increase of 56 percent over the fourth quarter last year. Revenue for the year is $54.2 million, up 105% from 2004. The comparisons are favorably impacted by the acquisition of GPS and mobile antenna product lines from Andrew in Q4 2004 and the acquisition of the iVET(TM) product line during the third quarter of 2005. Without those acquisitions, APG revenue increased 28% over the prior year.
$2.4 million in revenue for the quarter from the Mobility Solutions Group. This is an increase of 119 percent over the fourth quarter last year. Revenue for the year is up 35 percent over 2004.
$4.2 million in revenue for the quarter from the RF Solutions Group. This is record performance for this group and reflects the strong contribution of UMTS scanner sales and growth of the CLARIFY® product line. This is a 29 percent increase over the fourth quarter of last year. Revenue for the year is up $3.6 million over 2004 or 33 percent.
$0.9 million in licensing revenue for the quarter. This includes the benefit of PCTEL`s settlement with US Robotics.
A GAAP net loss of $(0.2) million for the quarter, or $(0.01) per share, compared to $1.1 million net income, or $0.05 per share for the same period in 2004. Fourth quarter results last year included $3.2 million, or $0.16 per share, of non-cash income from a one time reversal of a reserve related to the modem product lines that we divested in 2003. Net loss, under GAAP, for the year ended December 31, 2005 was $(3.7) million, or $(0.18) per share, compared to a net loss of $(2.7) million, or $(0.14) per share for 2004.
Non-GAAP net income of $2.2 million for the quarter, or $0.11 per share, compared to $2.3 million net income, or $0.11 per share for the same period in 2004. Non-GAAP net income for the year ended December 31, 2005 was $4.5 million, or $0.22 per share, compared to net income of $1.7 million, or $0.08 per share for 2004. The company`s reporting of non-GAAP income excludes non-cash based expenses for the amortization of restricted stock awards and amortization of intangible assets related to the company`s acquisitions. Those expenses were $2.4 million in the fourth quarter 2005 compared to $1.2 million for the same period a year ago, and $8.2 million for the year ended December 31, 2005 compared to $4.4 million in 2004.
$59.2 million of cash at December 31, 2005, up $0.6 million from September 30, 2005.
"PCTEL`s management team is encouraged by the company`s fourth quarter results," said Marty Singer, PCTEL`s Chairman and CEO. "Our organic investments and acquisitions have exposed us to the exciting growth associated with wireless broadband. This includes UMTS, Wi-Fi, WiMax, and the emergence of converged devices. We are well positioned to participate in these markets. Our 2006 focus points are top-line revenue growth, operational effectiveness, improvements in gross margin, and continued development and delivery of broadband wireless products," added Singer.

The company will discuss these results and the market trends driving the increased revenue during its scheduled earnings teleconference today at 6:15 PM EST.

CONFERENCE CALL / WEBCAST

The company will hold a conference call at 6:15 PM EST (5:15 PM CST) today, Thursday, February 23, 2006 with Marty Singer, chairman and chief executive officer, and John Schoen, chief financial officer. PCTEL will not be responding to inquiries regarding its financial results until the conference call. The session can be accessed by calling [phone] (U.S. / Canada) or [phone] (international).

To listen via the Internet, please visit, www.pctel.com, or http://investor.pctel.com/MediaList.cfm

REPLAY: A replay will be available for two weeks after the call on PCTEL`s web site at www.pctel.com or by calling [phone] (U.S. / Canada) or [phone] (international) access code: 7570147.

About PCTEL

PCTEL, Inc. (Nasdaq:PCTI - News), which is headquartered in Chicago, is a global leader in wireless broadband solutions. PCTEL`s Antenna Products Group (http://antenna.pctel.com) designs, distributes, and supports innovative antenna solutions for public safety applications, unlicensed and licensed wireless broadband, fleet management, network timing, and other GPS applications. PCTEL`s Mobility Solutions` (http://mobilitysolutions.pctel.com) software tools provide secure, access independent, remote connectivity to the Internet and VoIP capability for converged handsets. PCTEL`s RF Solutions` (http://rfsolutions.pctel.com) portfolio of OEM receivers, receiver based products and interference management solutions are used to measure, monitor and optimize cellular networks.

PCTEL protects its leadership position with a portfolio of more than 130 analog and broadband communications, wireless and antenna patents, issued or pending. The company`s products are sold or licensed to wireless carriers, wireless ISPs, distributors, system integrators, wireless test and measurement companies, wireless network equipment and handset manufacturers, PC card manufacturers and government agencies. For more information, please visit the company`s web site at: http://www.pctel.com.

PCTEL Safe Harbor Statement

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding PCTEL`s expectations regarding the future growth of its broadband wireless products and the emergence of converged devices and operational effectiveness are forward looking statements within the meaning of the safe harbor. These statements are based on management`s current expectations and actual results may differ materially from those projected as a result of certain risks and uncertainties, including the ability to successfully grow the wireless products business, the ability to implement new technologies and obtain protection for the related intellectual property, and the ability to integrate acquired businesses and products. These and other risks and uncertainties are detailed in PCTEL`s Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.

PCTEL, Inc.

Condensed Consolidated Statements of Operations
(unaudited, in thousands, except per share information)


Three Months Twelve Months
Ended Ended
December 31, December 31,
----------------- -----------------
2005 2004 2005 2004
-------- -------- -------- --------


REVENUES $22,794 $15,298 $77,746 $48,221
COST OF REVENUES 12,107 7,335 40,878 19,786
MODEM ROYALTY EXPENSE RECOVERY -- (3,208) -- (3,208)
-------- -------- -------- --------
GROSS PROFIT 10,687 11,171 36,868 31,643
-------- -------- -------- --------
OPERATING EXPENSES:
Research and development 2,548 2,405 10,015 8,614
Sales and marketing 3,388 2,948 13,074 11,247
General and administrative 4,700 4,514 16,836 15,416
Amortization of other
intangible assets 1,170 840 4,137 2,972
Restructuring charges -- 129 (70) (66)
Gain on sale of assets and
related royalties (500) (500) (2,100) (2,000)
-------- -------- -------- --------
Total operating expenses 11,306 10,336 41,892 36,183
-------- -------- -------- --------
INCOME (LOSS) FROM OPERATIONS (619) 835 (5,024) (4,540)
OTHER INCOME, NET 502 402 1,546 1,261
-------- -------- -------- --------
INCOME (LOSS) BEFORE PROVISION
(BENEFIT) FOR INCOME TAXES (117) 1,237 (3,478) (3,279)
PROVISION (BENEFIT) FOR INCOME
TAXES 39 173 235 (541)
-------- -------- -------- --------
NET INCOME (LOSS) $ (156) $ 1,064 $(3,713) $(2,738)
======== ======== ======== ========

Basic earnings (loss) per share $ (0.01) $ 0.05 $ (0.18) $ (0.14)
Shares used in computing basic
earnings (loss) per share 20,257 20,024 20,146 20,074

Diluted earnings (loss) per share $ (0.01) $ 0.05 $ (0.18) $ (0.14)
Shares used in computing diluted
earnings (loss) per share 20,257 20,179 20,146 20,074



PCTEL, Inc.

Consolidated Condensed Balance Sheets
(unaudited, in thousands)


December 31, December 31,
2005 2004
--------------- ---------------

ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 58,966 $ 83,887
Restricted cash 208 208
Accounts receivable, net 13,725 10,819
Inventories, net 9,547 8,554
Prepaid expenses and other
assets 3,179 2,969
--------------- ---------------
Total current assets 85,625 106,437
PROPERTY AND EQUIPMENT, net 11,190 9,746
GOODWILL 31,020 14,114
OTHER INTANGIBLE ASSETS, net 16,457 11,628
OTHER ASSETS 1,217 180
--------------- ---------------
TOTAL ASSETS $ 145,509 $ 142,105
=============== ===============

LIABILITIES AND STOCKHOLDERS` EQUITY
CURRENT LIABILITIES:
Accounts payable $ 2,251 $ 1,085
Income taxes payable 5,297 5,692
Deferred revenue 1,944 1,738
Accrued liabilities 6,448 9,301
--------------- -------------
Total current liabilities 15,940 17,816
LONG-TERM LIABILITIES 5,542 1,366
--------------- -------------
Total liabilities 21,482 19,182
--------------- -------------

STOCKHOLDERS` EQUITY:
Common stock 22 21
Additional paid-in capital 167,829 160,180
Deferred compensation (7,004) (4,422)
Accumulated deficit (36,652) (32,938)
Accumulated other comprehensive
income (168) 82
--------------- -------------
Total stockholders` equity 124,027 122,923
--------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS`
EQUITY $ 145,509 $ 142,105
=============== =============



PCTEL, Inc.

Revenue and Gross Profit by Segment
(unaudited, in thousands)


Three Months Twelve Months
Ended Ended
December 31, December 31,
----------------- -----------------
2005 2004 2005 2004
-------- -------- -------- --------

REVENUES:
---------
APG $15,282 $ 9,826 $54,249 $26,451
RFS 4,232 3,283 14,343 10,768
MSG 2,432 1,109 6,922 5,129
LICENSING 868 1,100 2,289 5,936
MODEMS -- -- -- --
Eliminations (20) (20) (57) (63)
------- ------- ------- -------
TOTAL REVENUES $22,794 $15,298 $77,746 $48,221

GROSS PROFIT:
-------------
APG $ 4,319 $ 3,692 $17,604 $10,637
RFS 3,119 2,138 10,295 7,177
MSG 2,392 1,045 6,762 4,937
LICENSING 864 1,092 2,207 5,693
MODEMS -- 3,208 -- 3,208
Eliminations (7) (4) -- (9)
------- ------- ------- -------
TOTAL GROSS PROFIT $10,687 $11,171 $36,868 $31,643



PCTEL, Inc.

Reconciliation Of Non GAAP To GAAP Results Of Operations (a)
------------------------------------------------------------
(unaudited, in thousands)


Three Months Ended December 31, 2005
------------------------------------
As Non-GAAP Non
Reported Adjustments (a) GAAP
--------- ------------- ---------
REVENUES $22,794 $22,794
COST OF REVENUES 12,107 (81) (b) 12,026
MODEM ROYALTY EXPENSE RECOVERY - -
--------- ------------- ---------
GROSS PROFIT 10,687 81 10,768
OPERATING EXPENSES:
Research and development 2,548 (97) (b) 2,451
Sales and marketing 3,388 (240) (b) 3,148
General and administrative 4,700 (768) (b) 3,932
Amortization of other intangible
assets 1,170 (1,170) --
Restructuring charges -- --
Gain on sale of assets and
related royalties (500) (500)
--------- ------------- ---------
Total operating expenses 11,306 (2,275) 9,031
--------- ------------- ---------
INCOME (LOSS) FROM OPERATIONS (619) 2,356 1,737
OTHER INCOME, NET 502 502
--------- ------------- ---------
INCOME (LOSS) BEFORE INCOME TAXES (117) 2,356 2,239
PROVISION FOR INCOME TAXES 39 39
--------- ------------- ---------
NET INCOME (LOSS) $(156) $2,356 $2,200
--------- ------------- ---------

Earnings (loss) per share
Basic $(0.01) $0.11
Diluted $(0.01) $0.11
Shares used in computing EPS (in
thousands)
Basic 20,257 20,257
Diluted 20,257 20,854



Three Months Ended December 31, 2004
------------------------------------
As Non-GAAP Non
Reported Adjustments (a) GAAP
--------- ------------- ---------
REVENUES $15,298 $15,298
COST OF REVENUES 7,335 7,335
MODEM ROYALTY EXPENSE RECOVERY (3,208) (3,208)
--------- ---------
GROSS PROFIT 11,171 11,171
OPERATING EXPENSES:
Research and development 2,405 (29) (b) 2,376
Sales and marketing 2,948 (85) (b) 2,863
General and administrative 4,514 (271) (b) 4,243
Amortization of other intangible
assets 840 (840) --
Restructuring charges 129 129
Gain on sale of assets and
related royalties (500) (500)
--------- ------------- ---------
Total operating expenses 10,336 (1,225) 9,111
--------- ------------- ---------
INCOME (LOSS) FROM OPERATIONS 835 1,225 2,060
OTHER INCOME, NET 402 402
--------- ------------- ---------
INCOME (LOSS) BEFORE INCOME TAXES 1,237 1,225 2,462
PROVISION FOR INCOME TAXES 173 173
--------- ------------- ---------
NET INCOME (LOSS) $1,064 $1,225 $2,289
--------- ------------- ---------

Earnings (loss) per share
Basic $0.05 $0.11
Diluted $0.05 $0.11
Shares used in computing EPS (in
thousands)
Basic 20,024 20,024
Diluted 20,179 20,179



(a) These adjustments reconcile the Company`s GAAP results of
operations to its non-GAAP results of operations. The Company believes
that presentation of results excluding items such as non-cash
share-based compensation and amortization of intangible assets
provides meaningful supplemental information to both management and
investors that is indicative of the Company`s core operating results
and facilitates comparison of operating results across reporting
periods. The Company uses these non-GAAP measures when evaluating its
financial results as well as for internal planning and forecasting
purposes. These non-GAAP measures should not be viewed as a substitute
for the Company`s GAAP results. Neither the Company`s GAAP nor
non-GAAP results of operations include the accounting impact had the
Company chosen to apply the fair-value recognition provisions of SFAS
No. 123 or SFAS No. 123 revised (123R) to expense share-based
compensation related to stock options, the impact of which is
disclosed in the Company`s Forms 10-Q and 10-K as filed with the SEC.
The Company will adopt SFAS No. 123R in its first fiscal quarter
ending March 31, 2006.

(b) This adjustment reflects the non cash stock based compensation
expense for restricted stock grants and stock bonuses awarded to the
Company`s employees.



PCTEL, Inc.

Reconciliation Of Non GAAP To GAAP Results Of Operations (a)
------------------------------------------------------------
(unaudited, in thousands)


Year Ended December 31, 2005
------------------------------------
As Non-GAAP Non
Reported Adjustments (a) GAAP
--------- ------------- ---------
REVENUES $77,746 $77,746
COST OF REVENUES 40,878 (164) (b) 40,714
MODEM ROYALTY EXPENSE RECOVERY
--------- ------------- ---------
GROSS PROFIT 36,868 164 37,032
OPERATING EXPENSES:
Research and development 10,015 (309) (b) 9,706
Sales and marketing 13,074 (812) (b) 12,262
General and administrative 16,836 (2,766) (b) 14,070
Amortization of other intangible
assets 4,137 (4,137) --
Restructuring charges (70) (70)
Gain on sale of assets and
related royalties (2,100) (2,100)
--------- ------------- ---------
Total operating expenses 41,892 (8,024) 33,868
--------- ------------- ---------
INCOME (LOSS) FROM OPERATIONS (5,024) 8,188 3,164
OTHER INCOME, NET 1,546 1,546
--------- ------------- ---------
INCOME (LOSS) BEFORE INCOME TAXES (3,478) 8,188 4,710
PROVISION (BENEFIT) FOR INCOME
TAXES 235 235
--------- ------------- ---------
NET INCOME (LOSS) $(3,713) $8,188 $4,475
--------- ------------- ---------

Earnings (loss) per share
Basic $(0.18) $0.22
Diluted $(0.18) $0.22
Shares used in computing EPS (in
thousands)
Basic 20,146 20,146
Diluted 20,146 20,701



Year Ended December 31, 2004
------------------------------------
As Non-GAAP Non
Reported Adjustments (a) GAAP
--------- ------------- ---------
REVENUES $48,221 $48,221
COST OF REVENUES 19,786 19,786
MODEM ROYALTY EXPENSE RECOVERY (3,208) (3,208)
--------- ---------
GROSS PROFIT 31,643 31,643
OPERATING EXPENSES:
Research and development 8,614 (108) (b) 8,506
Sales and marketing 11,247 (303) (b) 10,944
General and administrative 15,416 (1,014) (b) 14,402
Amortization of other intangible
assets 2,972 (2,972) --
Restructuring charges (66) (66)
Gain on sale of assets and
related royalties (2,000) (2,000)
--------- ------------- ---------
Total operating expenses 36,183 (4,397) 31,786
--------- ------------- ---------
INCOME (LOSS) FROM OPERATIONS (4,540) 4,397 (143)
OTHER INCOME, NET 1,261 1,261
--------- ------------- ---------
INCOME (LOSS) BEFORE INCOME TAXES (3,279) 4,397 1,118
PROVISION (BENEFIT) FOR INCOME
TAXES (541) (541)
--------- ------------- ---------
NET INCOME (LOSS) $(2,738) $4,397 $1,659
--------- ------------- ---------

Earnings (loss) per share
Basic $(0.14) $0.08
Diluted $(0.14) $0.08
Shares used in computing EPS (in
thousands)
Basic 20,074 20,074
Diluted 20,074 20,793



(a) These adjustments reconcile the Company`s GAAP results of
operations to its non-GAAP results of operations. The Company believes
that presentation of results excluding items such as non-cash
share-based compensation and amortization of intangible assets
provides meaningful supplemental information to both management and
investors that is indicative of the Company`s core operating results
and facilitates comparison of operating results across reporting
periods. The Company uses these non-GAAP measures when evaluating its
financial results as well as for internal planning and forecasting
purposes. These non-GAAP measures should not be viewed as a substitute
for the Company`s GAAP results. Neither the Company`s GAAP nor
non-GAAP results of operations include the accounting impact had the
Company chosen to apply the fair-value recognition provisions of SFAS
No. 123 or SFAS No. 123 revised (123R) to expense share-based
compensation related to stock options, the impact of which is
disclosed in the Company`s Forms 10-Q and 10-K as filed with the SEC.
The Company will adopt SFAS No. 123R in its first fiscal quarter
ending March 31, 2006.

(b) This adjustment reflects the non cash stock based compensation
expense for restricted stock grants and stock bonuses awarded to the
Company`s employees.



Contact:
PCTEL, Inc.
John Schoen, 773-243-3000
or
Jack Seller (Public Relations), 773-243-3016
[e-mail]

--------------------------------------------------------------------------------
Source: PCTEL, Inc.