Wall Street

Online Stock Market Trading by Armando Duke

ScanSoft reported fourth quarter 2001 revenues of $18.9 million, a 35 percent increase over fourth quarter 2000 revenues of $14.0 million. Income from operations for the fourth quarter of 2001 was $4.6 million, fold increase over operating income of $0.6 million reported during the same period a year ago. Net income before intangibles was $4.7 million, or $0.08 per diluted share, compared with net income before intangibles of $0.4 million, or $0.01 per share, for the fourth quarter of 2000. related intangibles. After including this item, ScanSoft reported a net loss of $2.4 million, or $0.04 per share, in the fourth quarter of 2001 compared with a net loss of $6.2 million, or $0.13 per share, for the fourth quarter of 2000. ScanSoft's operational cash flows for the fourth quarter were $4.4 million.

Stock Investing Course MCI reported a $32 million loss in the fourth quarter, though it posted an operating profit in the face of two competing acquisition offers.

Nuance Communications, Inc. ( NUAN) today announced financial results for the fourth fiscal quarter ended September 30, 2007. Nuance reported revenues of $179.9 million in the quarter ended September 30, 2007, a 40 percent increase over revenues of $128.1 million in the quarter ended September 30, 2006. On a GAAP basis, Nuance recognized a net loss of $3.4 million, or $(0.02) per share, in the quarter ended September 30, 2007, compared with a net loss of $7.2 million, or $(0.04) per share, in the quarter ended September 30, 2006.

Stock Market Game If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

For the fourth quarter of 1999, ScanSoft reported revenue of $8.6 million and net income of $636, 000 (before goodwill amortization), or $0.02 per diluted share. Including the effects of goodwill amortization, the company reported a net loss of $19, 000, or $0.00 per diluted share, for the fourth quarter ended December 31, 1999.

Stock Investing Game Print This Page

quarter 2002 revenue of $28.4 million, quarter 2001 revenue of $18.6 million. related intangible assets was $6.7 million, or $0.09 per diluted share, compared with $4.7 million, or $0.08 per diluted share, in the fourth quarter of 2001. related intangibles, quarter 2002 net income of $4.4 million, or $0.06 per diluted share, quarter 2001 net loss of $2.4 million, or $0.04 per share. ScanSoft's operational cash flows for the fourth quarter of 2002 were $6.1 million compared with $4.4 million in the fourth quarter of 2001.

Journal Prime Rate Street Wall Feb 25, 2005 (AXcess News) Ashburn, VA - MCI, Inc. (NASDAQ: MCIP) reported a $32 million loss in the fourth quarter, though it posted operating income of $434 million in the face of two competing acquisition offers.The operating income included $270 million from bankruptcy settlements, that excluding those items, would have been $164 million, or 51 cents a share.Revenue for the period fell 10 percent to $4.97 billion from $5.5 billion for the same period a year ago.MCI has been reducing its residential long-distance business, reporting a 21 percent drop in revenue for that period. Its mass-market segment, that includes residential long-distance, reported revenue of $1.2 billion for the fourth quarter.

ScanSoft's total revenues for the fourth quarter of 2000 increased 62% to $14.0 million, compared to revenues of $8.6 million in the same period of 1999. year revenue growth for the fourth quarter was fueled by growth in Europe and higher worldwide OEM activity benefiting from a broader product portfolio. ScanSoft reported net income before amortization of intangible assets of $0.4 million, or $0.01 per diluted share, compared to net income of $0.6 million or $0.02 per diluted share, for the fourth quarter of 1999. After including the effect of the amortization item, ScanSoft reported a net loss of $6.2 million, or $0.13 per diluted share, compared to a net loss of $19 thousand, or $0.00 per diluted share for the fourth quarter of 1999.

Stock Market News MCI said it cut back on advertising long-distance services.

Stock Investing Basics The company has been focusing on its enterprise arena, which encompasses commercial services. Though MCI reported a 3 percent drop in revenue for that segment, or $1.2 billion.

Stock Investing Software For the full-year, MCI reported a loss of $3.89 billion, or $12.12 per share. In 2003, MCI reported a $22.2 billion profit. Though the difference can be attributed to its bankruptcy reorganization.Advertisement

Stock Market Trading MCI has been sitting on an $6.7 billion offer from Verizon (NYSE: VZ) to purchase the company and made no mention of it in Friday's earnings announcement.Yesterday, MCI received a counter proposal from Qwest Communications (NYSE: Q). It was its the second offer Qwest has made, having bid $8 billion initially. MCI said Thursday that it would consider Qwest's bid.MCI CEO, Michael Capellas, told analysts in a conference call over its fourth quarter results that he believed Verizon was a better match for the company. Even so, Capellas said the board would consider Qwest's offer.Capellas had taken over the helm of WorldCom in its initial bankruptcy, methodically dealing with its staggering debt load from X-CEO Ebbers alleged game-playing mismanagement of the telco-giant. Capellas then began selling such assets as a yacht manufacturing business and a cattle ranch that Ebbers had bought while his high-flying WorldCom stock was still considered valuable.

Stock Investing For Dummy Shortly after, WorldCom merged with MCI and changed its name. Now Capellas has done his job and the company is once more on the market, though not intentionally. With the company showing an operating profit and its business units having become attractive to competitors, chances are MCI will be sold to Verizon, but it may go for a higher price tag. Capellas' track record shows him to be a shrewd negotiator and he will most likely take advantage of Qwest's counter offer and up the bid with Verizon.

Stock Market Crash Shares of MCI were quoted at $22.45, down 36 cents, or 1.58%, in mid-day trading Friday.

Stock Investing Tip Verizon's shares were quoted at $36.03, up 53 cents, or 1.49%.

Stock Market Chart Qwest's shares were quoted at $3.96, down 24 cents, or 5.71%.

Online Stock Investing AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.

[ Comment, Edit or Article Submission ]