On Thursday, Shares of Broadcom Corporation (NASDAQ:BRCM), lost -0.88% to $52.80.
Broadcom Corporation, declared new enterprise Ethernet switches designed to deliver the faster data rates offered by 802.11ac Wave 2 Wi-Fi. Built on Broadcom’s StrataXGS® architecture, the BCM56060 and BCM56160 enable OEMs to design cost-optimized network switches that enable high speed, robust Internet access across both traditional and new all-wireless enterprise networks. For more news, visit Broadcom’s Newsroom.
The raised wireless speeds delivered by 802.11ac Wave 2 are surpassing the performance of recently’s broadly deployed Gigabit Ethernet (GbE), driving enterprises to upgrade network edge switches. The most cost-effective solution is to run 2.5G Ethernet to the access point, thereby unlocking faster wireless speeds and enabling higher bandwidth without needing to re-cable an entire network. Broadcom’s new switches address the upgrade needs for both traditional and all-wireless enterprises, and are designed to work with Broadcom’s BCM84868 2.5 Gbps Ethernet PHY.
The new BCM56160 is the industry’s most integrated Ethernet switch chipset for traditional wired enterprises where desktop terminals, voice-over-IP phones and wireless access points are all connected. The BCM56160 enterprise switch adds 2.5 GbE access point connections to the popular 24 and 48 port Gigabit Ethernet form factors. To accommodate higher Wi-Fi traffic, the device also integrates more high speed 10 Gigabit interfaces for fiber uplinks and delivers double the stacking bandwidth of previous generation devices.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments.
Shares of China Ming Yang Wind Power Group Ltd (NYSE:MY), remained flat at $2.09, during its last trading session.
China Ming Yang Wind Power Group Limited, declared its unaudited financial results for the quarter ended September 30, 2015.
Third Quarter 2015 Operating and Financial Highlights:
- Total revenue was RMB1,738.8 million (US$273.6 million), contrast to RMB1,716.8 million in the third quarter of 2014.
- Gross profit was RMB326.1 million (US$51.3 million), contrast to RMB225.6 million in the third quarter of 2014.
- Gross margin was 18.8%, contrast to 13.1% in the third quarter of 2014.
- Total comprehensive income was RMB104.6 million (US$16.5 million), contrast to RMB71.5 million in the third quarter of 2014.
- Profit for the period was RMB91.5 million (US$14.4 million), contrast to RMB71.5 million in the third quarter of 2014.
- Basic and diluted earnings per share were RMB0.59 (US$0.09) and RMB0.58 (US$0.09), respectively, contrast to basic and diluted earnings per share of RMB0.58 and RMB0.57, respectively, in the third quarter of 2014.
- Total wind turbine generators (“WTG”s) for which revenue was recognized amounted to an equivalent wind power project output of 530MW, representing 128 units of 1.5MW WTGs and 169 units of 2.0MW WTGs, contrast to 524.5MW in the third quarter of 2014.
“During this quarter, we were glad to see an improvement in profitability.” said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, “Looking ahead into the next five years, we see both opportunities in addition to challenges in China’s wind industry. Presently, government officials indicated that new wind power installations under the 13th Five-year Plan (“FYP”) will not be lower than that during the 12th FYP period. Consistently, proposals for reductions in the electricity tariffs over the next five years were declared, with the aim of achieving price parity for wind energy at the end of the 13th FYP.”
China Ming Yang Wind Power Group Limited designs, manufactures, sells, and services megawatt-class wind turbines in the People’s Republic of China. The company provides wind turbines with a rated power capacity of 1.5MW and 2.0MW; 2.5/3.0MW SCD; and 6.0/6.5MW SCD wind turbines. It also manufactures and sells wind turbine blades and components; and leases wind turbines.
Finally, Shares of SouFun Holdings Ltd (NYSE:SFUN), ended its last trade with -7.31% loss, and closed at $6.59.
SouFun Holdings Limited, declared its unaudited financial results for the three months ended September 30, 2015.
Third Quarter 2015 Highlights
- Total Revenue raised by 30.4% year-on-year to $248.5 million. Revenue from e-commerce services raised by 111.0% year-on-year to $142.6million.
- Operating loss was $31.8 million. Non-GAAP operating loss was $30.6 million. A description of the adjustments from GAAP to non-GAAP operating income is set forth below.
- Net income attributable to SouFun’s shareholders was $1.4 million.
- Non-GAAP net loss attributable to SouFun’s shareholders was $31.9 million, a $0.08 loss per fully-diluted earnings ADS.
- GMV raised by 56% from $6.8 billion in the second quarter of 2015 to $10.6 billion in the third quarter. The following table shows GMV by quarter for the nine months of 2015.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.