PCTI PC-Tel, Inc. featured news, full reports, and detailed charts
PC-Tel, Inc. (PCTI) Wrap Up:
This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, among other things, statements concerning the future operations, financial condition and prospects, and business strategies. The words “believe,” “expect,” “anticipate” and other similar expressions generally identify forward-looking statements. Investors in the common stock are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to substantial risks and uncertainties that could cause the future business, financial condition, or results of operations to differ materially from the historical results or currently anticipated results. Overview PCTEL focuses on wireless broadband technology related to propagation and optimization. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f21%2f0000950137-08-004074.html#FIS_BUSINESS"www.pctel.com
348 Employees
Founded in 1994
PCTEL, Inc. (PCTI:NASDAQ)
LAST $5.80 USD
CHANGE TODAY +0.13 2.29%
VOLUME 48.0K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of PCTEL, Inc. (PCTI)
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OPEN
$5.63
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PREVIOUS CLOSE
$5.67
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DAY HIGH
$6.03
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DAY LOW
$5.63
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52 WEEK HIGH
02/10/09 - $7.19
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52 WEEK LOW
11/21/08 - $3.50
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MARKET CAP
108.3M
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AVERAGE VOLUME 3 mo
53.0K
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DILUTED EPS TTM
$-0.85
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SHARES OUTSTANDING
18.7M
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PCTI Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
PCTI Top Compensated Officers
Dr. Martin H. Singer Ph.D.
Chairman and Chief Executive Officer
Age: 58
Total Annual Compensation: $450.0K
Mr. John W. Schoen
Chief Financial Officer, Principal Accounting...
Age: 53
Total Annual Compensation: $250.0K
Mr. Robert Suastegui
Vice President and General Manager of Global ...
Age: 45
Total Annual Compensation: $225.0K
Mr. Jeffrey A. Miller
Vice President and General Manager of Antenna...
Age: 53
Total Annual Compensation: $260.0K
Mr. Luis Rugeles
Vice President and General Manager of RF Solu...
Age: 39
Total Annual Compensation: $215.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for PCTEL, Inc. (PCTI)
PCTEL, Inc. - Conference Presentation Call
10/30/2009
PCTEL, Inc. - Conference Presentation Calls
PCTEL Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/29/2009
PCTEL Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the period, the company reported net loss of $757,000 or $0.04 per diluted share on revenues of $13.7 million against net income of $11.1 million or $0.59 per diluted share on revenues of $20.1 million for same period a year ago. Operating loss from continuing operations for the period was $816,000 against operating income from continuing operations was $573,000 for same period a year ago. Net loss from continuing operations was $757,000 or $0.04 per diluted share against net income from continuing operations was $10.9 million or $0.58 per diluted share for same period a year ago. Non-GAAP net income from continuing operations of $669,000 for the quarter or $0.04 per diluted share from continuing operations compared to $2,559,000 of Non-GAAP net income from continuing operations or $0.14 per diluted share from continuing operations for the same period in 2008. The company's reporting of non-GAAP net income excludes expenses for restructuring, gain or loss on sale of assets, stock based compensation, amortization and impairment of intangible assets and goodwill related to the company's acquisitions, and non-cash related income tax expense. Non-GAAP operating income for the period was $0.4 million against $2.9 million for same period a year ago. For the nine months, the company reported net loss of $3.9 million or $0.22 per diluted share on revenues of $41.2 million against net income of $48.9 million or $2.48 per diluted share on revenues of $58.7 million for same period a year ago. Operating loss from continuing operations for the period was $5.6 million against operating income from continuing operations was $1.9 million for same period a year ago. Net loss from continuing operations was $3.9 million or $0.22 per diluted share against net income from continuing operations was $11.9 million or $0.60 per diluted share for same period a year ago. Non-GAAP net income from continuing operations of $1,536,000 for the quarter or $0.09 per diluted share from continuing operations compared to $8.2 million of Non-GAAP net income from continuing operations or $0.41 per diluted share from continuing operations for the same period in 2008. Non-GAAP operating income for the period was $1.1 million against $8.2 million for same period a year ago.
PCTEL, Inc., Q3 2009 Earnings Call, Oct-29-2009
10/15/2009
PCTEL, Inc., Q3 2009 Earnings Call, Oct 29 2009
PCTI Competitors
| Company | Last | Change |
| Anritsu Corporation | ¥300.00 JPY | +7.00 |
| Arc Wireless Solutions Inc | $2.49 USD | 0.00 |
| EMS Technologies Inc | $13.24 USD | +0.08 |
| PHAZAR CORP | $3.13 USD | -0.22 |
| Tech Data Corp | $42.82 USD | +1.31 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PCTI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.7x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.7x |
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PCTI |
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PCTI transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About PC-Tel, Inc.
More news for PCTI
PCTEL Posts $13.7 Million in Third Quarter Revenue from Continuing Operations
 Reconciliation GAAP To non-GAAP Results Of Operations (unaudited, in thousands except per share information)       Reconciliation of GAAP operating income from continuing operations to non-GAAP operating income from continuing operations (a)  Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 ...Click here to read the whole Article (external link)
PCTEL to Present at TechAmerica AeA Classic Financial Conference
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (NASDAQ: PCTI - Newsth Annual TechAmerica AeA Classic Financial Conference in San Diego. A live webcast of the presentation will be available at 1:40 p.m. Pacific Time on Tuesday, November 3rd, and will be archived for 30 days. The webcast can be accessed from the Investor page at www.pctel.com or at http://www.corporate-ir.net/ireye/conflobby.zhtml?ticker=PCTI&item_id=2510398.About PCTELPCTEL, Inc. (NASDAQ: PCTI®® interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL’s SeeGull scanning receivers are deployed in industry leading wireless test and measurement equipment and viewed as an essential wireless data collection tool for cellular network optimization, drive tests, and spectrum clearing. PCTEL develops and supports scanni...Click here to read the whole Article (external link)
PC TEL INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for PC TEL INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PC TEL INC 30-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not inten...Click here to read the whole Article (external link)
PC TEL INC Files SEC form 10-Q/A, Quarterly Report
Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations The following information should be read in conjunction with the condensed interim financial statements and the notes thereto included in Item 1 of this Quarterly Report and in conjunction with the financial statements for the year ended December 31, 2008 contained in our Form 10-K filed on March 16, 2009. Except for historical information, the following discussion contains forward looking statements that involve risks and uncertainties, including statements regarding our anticipated revenues, profits, costs and expenses and revenue mix. These forward-looking statements include, among others, those statements including the words "may," "will," "plans," "seeks," "expects," "anticipates," "intends," "believes" and words of similar import. Such statements constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in these forward-looking statements. This amendment is being filed to restate our condensed consolidated statements of operations, condensed consolidated balance sheets, condensed consolidated statements of cash flows, and notes to condensed consolidated financial statements for the quarterly period ended June 30, 2009 to correct an error in accounting for income taxes as described below and in footnote 16 to the condensed consolidated financial statements herein. We also revised the discussion under Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations and under Item 4, Controls and Procedures in light of the restatement. The error was discovered on October 29, 2009 in the preparation of the income tax provision for the quarter ended September 30, 2009. ...Click here to read the whole Article (external link)
Stifel Nicolaus Expert Analyst Sees Low Growth In US Wireless Businesses, Current Picks Are In Latin America And Other International Markets
67 WALL STREET, New York - November 3, 2009 - The Wall Street Transcript has just published its Telecommunications Services & Equipment Report offering a timely review of the sector to serious investors and industry executives. This 20 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Telecom Carriers VS. Telecom Equipment Vendors - Increased Competition Hurts Profitability Among Telecom Carriers - Net Neutrality Battle - New Telecom Players Apple & Google - High-Growth Opportunity In Latin American Market - Rural Local Exchange Carriers - Fierce Wireless Competition - Significant Deceleration In Wireless Subscriber Growth - Upgrade To 4G - Secular Decline In RLEC Sector - Regulatory Environment - Unlimited Pay-In-Advance Segment Is Fastest-Growing In Wireless Companies include: Ciena Corporation (CIEN); AT&T (T); Alcatel (ALU); Apple (AAPL); CenturyLink (CTL); Clearwire (RLWR); Comcast (CMCSK); Consolidated Communications (CNSL); ERF Wireless (ERFW.OB); Frontier Communications (FTR); Google (GOOG); Intel (INTC); Iowa Telecom (IWA); Knology (KNOL); Leap Wireless (LEAP); Liberty Global (LBTYA); MetroPCS (PCS); Millicom (MICC); NII Holdings (NIHD); Nortel (NTL); Sprint (S); T-Mobile (DT); Telefonica (TEF); Tellabs (TLAB); Time Warner Cable (TWC); Time Warner Cable (TWX); TracFone (AMX); Verizon (VZ); Wal-Mart (WMT); Windstream (WIN). In the following brief excerpt from the just one of the...Click here to read the whole Article (external link)
PCTEL and Wider Networks Settle Intellectual Property Dispute
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (NASDAQ: PCTI - News), a leader in propagation and wireless network optimization solutions, announced today that it has settled its intellectual property dispute with Wider Networks. Under the terms of the agreement, PCTEL has acquired the two patents underlying Wider Networks’ products. PCTEL also acquired exclusive distribution rights to Wider’s product portfolio and will incorporate Wider’s products into PCTEL’s product portfolio. Wider Networks will receive total consideration of $1.2 million for its patents and the distribution rights to its products. Wider Networks will continue to design, develop, and manufacture the Wider products that PCTEL will distribute. The Wider executive team will train the PCTEL sales force on these products.“We are pleased to team with Wider Networks and have this matter behind us,†said Marty Singer, PCTEL’s Chairman and CEO. “Wider has developed a compelling product that we are pleased to represent to our customers as an important element of our product portfolio. This arrangement also enhances PCTEL’s intellectual property portfolio and strengthens our leadership in interference management,†added Singer.“Wider is very pleased about this partnership with PCTEL,†said David Sanders, Wider’s Co-President. “Wider will continue to design, ...Click here to read the whole Article (external link)
PC TEL INC Files SEC form 10-Q, Quarterly Report
Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations The following information should be read in conjunction with the condensed consolidated financial statements and the notes thereto included in Item 1 of this Quarterly Report and in conjunction with the financial statements for the year ended December 31, 2008 contained in our Form 10-K filed on March 16, 2009. Except for historical information, the following discussion contains forward looking statements that involve risks and uncertainties, including statements regarding our anticipated revenues, profits, costs and expenses and revenue mix. These forward-looking statements include, among others, those statements including the words "may," "will," "plans," "seeks," "expects," "anticipates," "intends," "believes" and words of similar import. Such statements constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in these forward-looking statements. Introduction PCTEL focuses on wireless broadband technology related to propagation and optimization. We design and develop innovative antennas that extend the reach of broadband and other wireless networks that simplify the implementation of those networks. Our antenna solutions support public safety applications, unlicensed and licensed wireless broadband, fleet management, network timing, and other global positioning systems ("GPS") applications. We provide highly specialized software-defined radios that facilitate the design and optimization of broadband wireless networks. Our portfolio of scanning receivers and interference management solutions are used to measure, monitor and optimize cellular networks. We supply our products to public and private c...Click here to read the whole Article (external link)
PC TEL INC Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. (a) On October 29, 2009, PCTEL, Inc. (the "Company"), determined that the goodwill impairment expense and income tax expense reported in the Condensed Consolidated Statements of Operations (Unaudited) included in the Company's quarterly report on Form 10-Q for the period ended March 31, 2009 were understated by $223,000 and $127,000, respectively, and consequently net income was overstated by $350,000; the income tax expense reported in the Condensed Consolidated Statements of Operations (Unaudited) included in the Company's quarterly report on Form 10-Q for the period ended June 30, 2009 was overstated by $275,000 and net income was understated by $275,000; and, reported in the Condensed Consolidated Statements of Operations (Unaudited) included in the Company's quarterly report on Form 10-Q for the six months ended June 30, 2009 the goodwill impairment expense was understated by $223,000, income tax expense was overstated by $147,000, and net income was overstated by $75,000. There is no effect on revenue or cash flow reported in the Condensed Consolidated Statements of Operations (Unaudited) included in the Company's quarterly report on Form 10-Q for any of the periods referenced. The effect on the balance sheet reported for those same periods is not deemed material. The Company has concluded that such financial statements should no longer be relied upon. As a result, the Company filed today Form 10-Q/A for each of the quarters ended March 31, 2009 and June 30, 2009 to correct these identified errors and to restate its Consolidated Statements of Operations. In addition, the Form 10-Q/A notes the reassessment by management of the Company's disclosure controls and procedures, and its conclusions that such controls and procedures were not effective as of the end of each restated quarterly period, in light of the material weakness indicated by the accounting err...Click here to read the whole Article (external link)
PC TEL INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
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