What's Wrong With Polycom?: IBM, PLCM, & CRWE

July 16, 2010 - PRLog -- Recent News: What's Wrong With Polycom?

IBM  today announced new software and services that help customers design and deliver the advanced products leading the convergence of mechanical, electronic, and digital technologies.

The convergence of physical assets and IT applications requires a new “systems of systems” approach for integrating products and services. Software-driven innovation across product lines is often challenging if not supported by effective planning, development and collaboration. Best-in-class product and service companies are those that build a strong competency in systems engineering and software development. Organizations of the future—along with their partners and customers— must build the competencies to design, deliver and manage products in smarter ways. IBM is announcing new initiatives to support the design, development and life-cycle integration of innovative products and services.

In IBM’s view, today’s networked economy has created a global business landscape and a mandate for business change. Integrated global economies have opened markets of new opportunity and new sources of skills. The Internet has enabled communication and collaboration across the world and brought with it a new computing model premised on continuous global connection. In that landscape, companies can distribute work and technology anywhere in the world.

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PLCM, Polycom, Inc.


PLCM provides communications solutions to enterprise, government, education, and healthcare customers to enable voice, video, and content communications.

PLCM reported its earnings for the second quarter ended June 30, 2010.

Second quarter 2010 consolidated net revenues were a record $295 million, compared to $231 million for the second quarter of 2009. GAAP net income for the second quarter of 2010 was $13 million, or 14 cents per diluted share, compared to $15 million, or 18 cents per diluted share, for the same period last year. Non-GAAP net income for the second quarter of 2010 was $30 million, or 34 cents per diluted share. This compares to Non-GAAP net income of $24 million, or 29 cents per diluted share, for the second quarter of 2009.

For the six months ended June 30, 2010, net revenues were $571 million, compared to $456 million for the first six months of 2009. GAAP net income for the six months ended June 30, 2010 was $18 million, or 21 cents per diluted share, compared to GAAP net income of $23 million, or 28 cents per diluted share, for the same period last year. Non-GAAP net income for the period was $55 million, or 63 cents per diluted share, compared to $47 million, or 55 cents per diluted share, for the first six months of 2009.

More about PLCM at www.polycom.com

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CROWN EQUITY HLD (OTC BB: CRWE.OB)

Last: $0.38

Crown Equity Holdings Inc. assists and consults with domestic and foreign companies interested in becoming publicly traded in the United States. The company, through its subsidiary, Crown Trading Systems, Inc., designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals. It also engages in the resale and distribution of computer components through its Web site, crowntradingsystems.com.

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Crown Equity Holdings Inc. assists and consults with domestic and foreign companies interested in becoming publicly traded in the U.S. The company designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals.