* Intelsat, a Washington commercial satellite services provider, earned $18.5 million (12 cents a share) on $261.7 million in revenue during the second quarter, down from a profit of $42.6 million (27 cents) on $244.5 million in revenue during the same quarter last year. For the six months ended June 30, the company earned $35.3 million (22 cents) on $497 million in revenue, a decrease from a net income of $106.7 million (67 cents) on $483.4 million in revenue during the same period last year. During its second quarter, Intelsat said it had withdrawn its planned initial public offering and that it is exploring another party's possible investment in or acquisition of the company.
* Talk America, a Reston telecommunications company, earned $8.5 million (30 cents a share) on $114.9 million in revenue during its second quarter, compared with profit of $10.7 million (37 cents) on $93.7 million in revenue during the year-ago quarter. For the six months ended June 30, the company earned $16.9 million (59 cents) on $224.2 million in revenue, compared with profit of $19.8 million (69 cents) on $181.6 million in revenue during the same period last year. Shares of Talk America closed unchanged at $6.58.
* YDI Wireless, a Falls Church broadband wireless company, lost $1.6 million (10 cents a share) on $4.7 million in revenue during its second quarter, down from a profit of $3.5 million (26 cents) on $7.2 million in revenue during the year-ago quarter. For the six months ended June 30, the company lost $1.3 million (9 cents) on $10.8 million in revenue, compared with a profit of $3.6 million (32 cents) on $13.7 million in revenue during the same period last year. Shares of YDI closed up 2 cents, at $3.77.
* BearingPoint, a McLean business consulting and systems integration firm, won a $19 million contract from the North Carolina Department of State Treasurer to build a new, Web-based retirement administration system.
* SteelCloud, a Dulles network security company, won a contract from the Department of Defense for multiple SteelCloud Model 5000 Intrusion Detection Fiber Appliances. Shares of SteelCloud closed at $2.30, up 17 cents, or 8 percent.
* Input, a Reston company that provides government market intelligence, predicted that the federal market for telecommunications products and services will grow from $15.2 billion in 2004 to almost $21 billion in 2009, led by more than 40 percent growth in telecommunications spending by the Department of Homeland Security and the Department of Defense. Input said the increase in spending in the two government departments can be tied directly to defense transformation and homeland security initiatives. Federal spending on telecommunications represents 26 percent of total federal IT spending in 2004.
Compiled from reports by Washington Post staff writers.