Expansion Technology Corporate

Strong growth in Internet and data sales pushed revenue and profits higher at Colorado’s TW Telecom Inc. for the fourth quarter and entire year of 2009.

The results, reported Monday, beat Wall Street expectations for profits and matched what was expected for sales.

The Douglas County-based business telecom (NASDAQ: TWTC) reported fourth-quarter earnings of $11.1 million, or 7 cents per share, on revenue of $307.9 million. That compares to fourth-quarter 2008 earnings of $899,000, or 1 cent per share, on revenue of $294.6 million.

For the whole of 2009, TW Telecom reported earning $27.6 million, or 19 cents per share, on revenue slightly above $1.2 billion. In 2008, it posted a loss of $7.3 million, or 5 cents per share, on revenue just under $1.2 billion.

TW Telecom had been expected to report 6 cents-per-share earnings for the fourth quarter and 16 cents per share for all of 2009, according to an average of 18 Wall Street analysts estimates by Yahoo Finance.

“In 2010, we plan to further invest in growth initiatives including equipping our networks with new capabilities, launching new products and services, and implementing tools to better serve enterprise customers,” CEO and President Larissa Herda said in a written statement. “All of these initiatives are focused on capturing greater market share and driving revenue growth.”

On Wednesday 21 October, Commercialisation Australia (formerly known as the Commonwealth Commercialisation Institute) was announced to provide a radical new approach to commercialising promising Australian research and ideas. Commercialisation Australia will receive $196.1 million over the next 4 years, with ongoing funding of $82 million a year thereafter.

Commercialisation Australia will give successful applicants access to:

• specialist advice and services to build the skills, knowledge and linkages necessary to successfully commercialise their ideas. This includes funding of up to $50,000 to engage specialist services and, where it is deemed appropriate, up to $200,000 over two years to assist in the recruitment of experienced CEOs and executives;
• funding of up to $250,000 for proof of concept activities; and
• funding of up to $2 million for early stage commercialisation activities.

Successful applicants will be assigned a Case Manager for the duration of their involvement with Commercialisation Australia. The Case Manager will partner with the successful applicant, assessing its needs and monitoring their progress.

The Case Manager will be responsible for linking the successful applicant with a group of volunteer mentors – people with ‘hands-on’ experience in the various aspects of the commercialisation process.

Registration of Interest for Case Manager and Volunteer Mentor positions

Persons interested in being considered for the Case Manager or Volunteer Mentor positions are encouraged to register their interest with the Commercialisation Australia Team. Persons who register will receive information on the public recruitment process for Case Managers and for listing of Volunteer Mentors once these processes are underway