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Caterpillar Profit Per Share 41 Percent Higher Than Second Quarter 2005; Full-Year Outlook Increased Second-quarter sales and revenues and profit were the highest for any quarter in Caterpillar's history Strong demand continues in key industries
PEORIA, Ill., July 21, 2006 /PRNewswire-FirstCall via COMTEX/ -- Today, Caterpillar Inc. (NYSE: CAT) reported a 41 percent increase in profit per share on a 13 percent increase in sales and revenues compared with the second quarter 2005. Sales and revenues in the quarter were $10.605 billion, and profit was $1.046 billion, or $1.52 per share -- all were the highest for any quarter in Caterpillar's history.
"We had a spectacular second quarter with the strongest financial performance we've reported since the 1960s. I couldn't be prouder of Team Caterpillar," said Caterpillar Chairman and Chief Executive Officer Jim Owens. "The fundamentals remained strong in the industries we serve. We are hitting on all cylinders and are again raising our full-year outlook. Customers have confidence in our products, and sales continued to increase. Our performance in the quarter was made possible by the hard work of our employees, dealers and suppliers who are focused on meeting the needs of our customers."
Sales and revenues increased $1.245 billion from second quarter 2005. The increase was a result of $809 million of higher sales volume, $384 million of improved price realization and a $73 million increase in Financial Products revenues.
Second-quarter profit increased $286 million, or $0.44 per share, from second quarter 2005. The increase was largely due to improved price realization and higher sales volume, partially offset by higher core operating costs to support our growth.
First-half 2006 sales and revenues of $19.997 billion and profit of $1.886 billion, or $2.72 per share, were also records. Operating cash flow in the first half of 2006 was $1.948 billion, up $952 million from the first half of 2005. This strong cash flow allowed us to increase capital expenditures to $552 million, acquire Progress Rail, keep our benefit plans well-funded, announce a 20 percent dividend increase and repurchase 33.3 million shares.
"I am delighted with what has been accomplished, but we still have work to do. From an operational perspective, record demand has resulted in longer delivery times for many of our products than we, or our customers, would like," commented Owens. "We're continuing to work with suppliers and within our factories to remove bottlenecks and increase production for a number of our products. The entire Caterpillar supply chain has responded over the past three years to support our unprecedented growth. 6 Sigma has been a significant positive factor for ramping up production, managing our cost structure and delivering record profitability."
Outlook
We are raising our outlook for 2006 from previously reported levels. Sales and revenues are now expected to be up 12 to 15 percent from 2005, including about $600 million from the acquisition of Progress Rail. The profit outlook has been adjusted to reflect an estimated profit range of $5.25 to $5.50 per share. The previous outlook reflected sales and revenues up about 10 percent and profit per share of $4.85 to $5.20.
"We are entering the fourth year of a recovery that began in mid-2003. The industries we serve continue to be very strong throughout the world, particularly mining, energy and infrastructure development. While it's tough to predict the future, historically global industry recoveries have lasted six to eight years, and a variety of factors, particularly past under investment, should help sustain this recovery," Owens said. "We are continuing to invest in growth, and the acquisition of Progress Rail and expanding capacity for large engines are great examples. We are working hard to execute our new strategy, and I am very confident in Caterpillar's future."
(Complete outlook begins on page 10.)
For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2005 sales and revenues of $36.339 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and a wide and growing offering of related services. More information is available at http://www.cat.com Note: Glossary of terms included on pages 21-22; first occurrence of terms shown in bold italics.
BUYINS.NET: FTK, GETI, HYTM, ILI, MVC, NFLX Have Been Removed From Naked Short List Today
Jul 21, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Flotek Industries, Inc. (AMEX: FTK), GenTek, Inc (NASDAQ: GETI), Hythiam, Inc. (NASDAQ: HYTM), Interleukin Genetics, Inc (AMEX: ILI), M V C Capital Inc (NYSE: MVC), Netflix, Inc. (NASDAQ: NFLX)
Flotek Industries, Inc. (AMEX: FTK) engages in the development, manufacture, and marketing of specialty chemicals, downhole drilling, and production equipment primarily in the United States. It operates through three segments: Chemicals and Logistics, Drilling Products, and Production Products. Chemicals and Logistics segment offers oilfield specialty chemicals used for drilling, cementing, stimulation, and production. Its customers primarily include oil and gas pumping service companies, including major and independent oilfield service companies. Drilling Products segment engages in manufacturing, marketing, and renting downhole drilling tools used in the oilfield, mining, water-well, and industrial drilling sectors in Central and South America. Its products include drill bits, reamers, stabilizers, tubulars, and drilling mud motors. This segment also provides drilling tool inspection services. Its customers include oil and gas exploration, and production companies, including oil companies, which own producing oil and gas wells, and are involved in the drilling and cementing of oil wells. Production Products segment engages in the manufacture and marketing of the patented petrovalve line of downhole pump components. The company markets its products through direct sales force. Flotek Industries was incorporated in 1985 and is headquartered in Houston, Texas. With 8.52 million shares outstanding and 175,147 shares declared short as of June 2006, there is no longer a failure to deliver in shares of FTK.
GenTek, Inc. (NASDAQ: GETI) through its subsidiaries, engages in the manufacture and marketing of industrial components and performance chemicals. It operates in two segments, Manufacturing and Performance Chemicals. The Manufacturing segment provides engineered components, wiring products, and services to automotive, appliance and electronic, and industrial markets. It offers stamped and machined rocker and roller-rocker arms, cam follower rollers, bearings, and mechanical roller tappets; electronic wire and cable assemblies, such as wire harnesses, ignition cables, molded parts, electro-mechanical assemblies, engine block heaters, battery blankets, and electrical switches that are used in automobiles, trucks, and personal recreation vehicles; vehicle and component testing services for the transportation industry; and fluid transport and handling equipment for automotive service applications. It also provides custom-designed power cord systems, and wire and cable assemblies for household appliances, industrial products, commercial and residential construction industries, and original equipment manufactures. It offers aluminum sulfate; ferric sulfate and other specialty flocculents; sulfuric acid regeneration services; and pollution abatement and sulfur recovery services. It also provides active chemical ingredients used in antiperspirants; active ingredients used in prescription pharmaceuticals, nutritional supplements, veterinary health products, and personal care products; electronic chemicals for the semiconductor and disk drive industries; and chemical intermediates used in newspapers, tires, paints, dyes, and carpets. The company's chemical processing products include alum and polymer-based coagulants; sodium nitrite; and sulfuric acid. It operates in the United States, Canada, Mexico, Germany, the United Kingdom, and India. GenTek was founded in 1999 and is headquartered in Parsippany, New Jersey. With 10.22 million shares outstanding and 465,708 shares declared short as of June 2006, there is no longer a failure to deliver in shares of GETI.
Hythiam, Inc. (NASDAQ: HYTM) engages in the research, development, licensing, and commercialization of physiological treatment protocols in the United States. Its products are used by healthcare providers to treat individuals diagnosed with dependencies to alcohol, cocaine, and methamphetamine, as well as combinations of these drugs. Its PROMETA treatment protocols include medically supervised treatments to address both the neurochemical imbalances in the brain and the nutritional deficits caused or worsened by substance dependence. The PROMETA treatment protocol offers medications that target chemical receptors in the brain and nerves impacted by alcohol dependence; nutritional supplements to help for the replacement of important vitamins often diminished in alcohol dependent persons; and encouragement to participate in continuing care programs. The company also provides proprietary administrative services to assist physicians and facilities with staff education, marketing and sales support, and outcomes tracking for data analysis. It serves hospitals, licensed healthcare facilities, and physicians. The company was founded in 2000 and is based in Los Angeles, California. With 39.81 million shares outstanding and 6.65 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of HYTM.
Interleukin Genetics, Inc. (AMEX: ILI) a personalized healthcare company, engages in the development and commercialization of genetic risk assessment tests in the United States. The company develops two genetic risk assessment tests, Gensona Heart Health Genetic Test and Gensona General Nutrition Genetic Test. The Gensona Heart Health Genetic Test uses single nucleotide polymorphisms (SNP) testing of two genes to identify persons who may have an over-expression of inflammation and at increased risk for cardiovascular disease. The Gensona General Nutrition Genetic Test identifies SNPs of two genes that affect vitamin B metabolism and four genes involved in responding to oxidative stress. It also develops PST test, which provides a way of assessing an individual's genetic risk for periodontal diseases. The company's products under development include genetic risk assessment tests, such as IL-1 Cardiovascular Genetic Test, General Nutrition Genetic Test, Osteoporosis Genetic Test, and Weight Management Genetic Test, as well as a preventive nutritional product, Periodontal Disease (PerioNx), which is designed for persons with severe periodontal disease. Interleukin Genetics markets and distributes its products through strategic partnerships. It has strategic alliance with the Alticor, Inc. to develop and market personalized nutritional and skin care products. The company also has academic research collaborations with University of Sheffield, Tufts University, Mayo Clinic, California Pacific Medical Center, Boston University, University of Arkansas, Yonsei University, Hain Diagnostika/ADS GmbH and Laboral International, and Kimball Genetics, Inc. Interleukin Genetics was founded by Kenneth S. Kornman. The company was incorporated in 1986 and is based in Waltham, Massachusetts. With 24.14 million shares outstanding and 539,655 shares declared short as of June 2006, there is no longer a failure to deliver in shares of ILI.
M V C Capital Inc (NYSE: MVC) is a principal investment firm specializing in private equity and mezzanine investments in management buyouts, going private transactions, private company recapitalizations, turnarounds, corporate partnerships, growth capital, expansion capital, leveraged buildups, and acquisition financings of middle-market companies. The firm focuses on the consumer products; industrial manufacturing and services; food and food services; financial services; distribution; and specialty chemicals and security sectors. It invests in companies primarily located in the U.S. The firm invests between $3 million and $25 million in companies having revenues of $10 million to $200 million and EBITDA of $3 million to $25 million. It serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors. The firm makes both control and non-control investments in its portfolio companies. Its investments can take the form of common and preferred stock; warrants or rights to acquire equity interests; senior and subordinated loans; cash flow loans; or convertible securities. MVC Capital was founded in 1999 and is based in Purchase, New York City. With 19.09 million shares outstanding and 101,316 shares declared short as of June 2006, there is no longer a failure to deliver in shares of MVC.
Netflix, Inc. (NASDAQ: NFLX) operates as an online movie rental subscription service provider in the United States. It provides its subscribers access to a library of movie, television, and other filmed entertainment titles. As of December 31, 2005, the company provided approximately 4,200,000 subscribers access to a library of approximately 55,000 movies, television, and other filmed entertainment titles. Netflix was founded by Reed Hastings in 1997 and is headquartered in Los Gatos, California. With 59.47 million shares outstanding and 12.89 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of NFLX
21.07.2006 15:47
Broadcom stürzt vorbörslich ab
Aktien von Broadcom (Nachrichten/Aktienkurs) sind am Freitag vorbörslich deutlich unter Abgabedruck gekommen, nachdem das Unternehmen gestern Zahlen für das abgelaufene Quartal vorgelegt hat. Zwar konnte das Unternehmen die Erwartungen der Analysten erfüllen, präsentierte aber einen enttäuschenden Ausblick für das dritte Quartal.
Das Halbleiterunternehmen erwirtschaftet im zurückliegenden Quartal einen Umsatz von 941,1 Millionen Dollar nach 604,9 Millionen Dollar im Vorjahreszeitraum. Analysten hatten im Konsensus 941,8 Millionen Dollar erwartet. Weitere Zahlen konnte das Unternehmen noch nicht vorlegen, da interne Bilanzuntersuchungen noch nicht abgeschlossen werden konnten. Für das laufende Quartal erwartet das Unternehmen einen Umsatz von 900 Millionen Dollar. Analysten hatten hier mit 984,8 Millionen Dollar im Durchschnitt gerechnet.
Broadcom verliert vorbörslich über 12% auf 22,96 $.
Petroleum Development Corporation
21.07.06 20:57 Uhr
39,34 USD
+18,07 % [+6,02]
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Börse
NASDAQ
Aktuell
39,34 USD
Zeit
21.07.06 20:57
Diff. Vortag
+18,07 %
Tages-Vol.
33,78 Mio.
Gehandelte Stück
882.154
Petroleum Development Announces Sale of Undeveloped Property for $354 Million Company Retains 475 Future Drilling Locations in Grand Valley Field
BRIDGEPORT, W.Va., July 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Petroleum Development Corporation (Nasdaq: PETD) today announced that it sold a portion of its undeveloped leasehold located in Grand Valley Field, Garfield County, Colorado to Marathon Oil Corporation (NYSE: MRO). The sale encompassed 100% of the working interest in approximately 8,700 acres, including approximately 6400 acres of the Company's Chevron leasehold and 2300 acres of the Company's Puckett Land Company leasehold. The consideration paid to PDC by Marathon for the transaction was $354 million. The Company retained approximately 475 additional undeveloped locations on 10 acre spacing on the Grand Valley Field leasehold in addition to all of its producing properties in the Field.
The Company intends to use the sale proceeds to fund a variety of projects to further enhance the value of the Company to its shareholders. Planned uses include the repurchase of up to 10% of the Company's common stock as authorized earlier in the year by the Board of Directors, additional drilling on the retained undeveloped locations as well as on other properties, purchase of producing properties from other producers, acquisition of acreage in other areas to support both development and exploratory drilling ventures and other projects.
Thomas E. Riley, President of Petroleum Development Corporation said, "We believe this is a great transaction for both PDC and Marathon. Marathon acquired a high quality natural gas prospect with great low-risk development potential, and PDC monetized an asset that the Company would not have otherwise developed during the next five years or more. The Company has grown based upon strong earnings, cash flow, and return on investment. This transaction will help us continue and accelerate that growth trend."
The Company invites you to join Steve Williams, Chief Executive Officer, and Tom Riley, President for a conference call on Friday, July 21, 2006.
Broadcom Corporation
21.07.06 21:18 Uhr
23,07 USD
-12,45 % [-3,28]
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Börse
NASDAQ
Aktuell
23,07 USD
Zeit
21.07.06 21:18
Diff. Vortag
-12,45 %
Tages-Vol.
935,39 Mio.
Gehandelte Stück
42 Mio.
Broadcom Delays Earnings Report On Backdating Probe
Jul 21, 2006 (financialwire.net via COMTEX) -- July 21, 2006 (FinancialWire) Communications chipmaker Broadcom (NASDAQ: BRCM) has delayed a revenue report for its most recent quarter, citing a federal probe into its accounting practices.
Broadcom provided information last week that showed that some options grants were backdated, meaning that they may have been manipulated for profit. In a statement the company said that this has limited what financial information it can release pending review of the disclosures.
Several dozen companies are involved in the probe over suspicious timing of grants to executives, and many have been forced to restate financials or have investigations conducted about their results.
Broadcom will take charge of $750 million in options expenses to restate the financials.
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
Laureate Education, Inc.
21.07.06 22:00 Uhr
48,83 USD
+19,27 % [+7,89]
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Börse
NASDAQ
Aktuell
48,83 USD
Zeit
21.07.06 22:00
Diff. Vortag
+19,27 %
Tages-Vol.
95,88 Mio.
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2,1 Mio.
Laureate Education, Inc. Reports Record Second Quarter 2006 Results and Introduces 2007 Earnings Outlook; Company Reiterates 2006 Earnings Outlook
BALTIMORE, Jul 20, 2006 (BUSINESS WIRE) -- Laureate Education, Inc. (NASDAQ: LAUR), the world's leading international provider of higher education, announced record financial results for the quarter ended June 30, 2006.
-- Second quarter 2006 revenues increased 34% to $303.1 million, compared to $227.0 million in the second quarter of 2005.
-- Laureate Education reported income from continuing operations of $40.7 million or $0.77 per diluted share, an increase of 28% over second quarter 2005. Excluding the ($0.02) impact of stock option expense and the $0.04 net impact of the continued liquidation of Sylvan Ventures, income from continuing operations would have been $39.6 million or $0.75 per diluted share, an increase of 25% over the second quarter of 2005.
-- The Company's campus-based institutions reported second quarter total student enrollment increased 34% to 199,377 students.
-- Laureate Online Education reported a 23% increase in new student enrollment and a 27% increase in total student enrollment to 29,134 students.
-- The Company believes that it will achieve earnings of between $0.19 and $0.21 per diluted share for the quarter ending September 30, 2006, excluding estimated stock option expense of ($0.02) to ($0.03) per diluted share.
-- Laureate Education reiterates its full-year 2006 earnings outlook of between $2.05 and $2.15 per diluted share, an increase of 23% or more over full-year 2005. This excludes estimated stock option expense of ($0.10) to ($0.12) per diluted share.
-- The Company introduces a full-year 2007 earnings outlook of between $2.59 and $2.67 per diluted share, an increase of 20% or more over full-year 2006. This excludes estimated stock option expense of ($0.12) to ($0.14) per diluted share. Full-year 2007 Earnings Outlook including SFAS123R expense is $2.45 to $2.55 per diluted share.
Douglas Becker, Chairman and Chief Executive Officer of Laureate Education stated, "The strong financial results for the first six months of this year give us confidence that we are on track to achieve our stated goals for 2006. As indicated by our 2007 earnings outlook, we remain confident in our five year plan that calls for 25% average annual growth in earnings between 2006 and 2010."
"We will continue to invest in our future while delivering strong enrollment and earnings growth. Investments associated with increasing management capacity, opening new campuses, developing new products, and entering new countries are designed to extend Laureate's leadership position and growth rates even beyond the current five year plan," added Mr. Becker.
Laureate Education operates 24 institutions of higher education in 15 countries, offering academic programs to 228,511 students through 53 campuses and online.
Financial Results
All financial information for the prior year 2005 has been restated to reflect a preferential change in accounting for tuition revenue.
Total revenues for the second quarter of 2006 were $303.1 million, an increase of 34% compared to total revenues of $227.0 million in the second quarter of 2005. Total operating income for the second quarter 2006 increased to $57.0 million, versus operating income of $44.6 million in the second quarter of 2005. The Company reported income from continuing operations of $40.7 million or $0.77 per diluted share. Excluding the ($0.02) impact of stock option expense and the $0.04 net impact of the continued liquidation of Sylvan Ventures, income from continuing operations would have been $39.6 million or $0.75 per diluted share. (For details see Reg G Reconciliation in the investor relations section of www.laureate-inc.com)
In the second quarter of 2006, the Company recorded a non-operating gain of $9.3 million from the sale of Chancery Software Ltd., a former Sylvan Ventures investment. Additionally, the Company generated a net tax expense of $7.0 million related to this gain and the continued liquidation of Sylvan Ventures.
For the six-month period ended June 30, 2006, total revenues were $538.2 million, an increase of 33% compared to total revenues of $405.6 million in the same period of 2005. Total operating income for the six-month period increased to $57.0 million, versus operating income of $46.3 million in the same period of 2005. Income from continuing operations for the six-month period ended June 30, 2006 was $39.9 million or $0.75 per diluted share, an increase of 22% over the same period of 2005.
Total cash and marketable securities at June 30, 2006 were approximately $119.1 million, while total company debt was approximately $226.7 million.
24.07.2006 14:56
Merck & Co hebt Ergebnisprognose 2006 an
WHITEHOUSE STATION (Dow Jones)--Die Merck&Co Inc, (Nachrichten/Aktienkurs) Whitehouse Station, hat ihre Ergebnisprognose für das Gesamtjahr bei der Vorlage der Zweitquartalszahlen am Montag angehoben. Wie das Pharmaunternehmen mitteilte, wird nun von einem Ergebnis je Aktie vor Restrukturierungskosten von 2,40 bis 2,48 USD ausgegangen. Netto dürften 2,10 bis 2,24 USD verbleiben.
Bei Veröffentlichung der Erstquartalszahlen hatte Merck&Co für 2006 ein Ergebnis vor Sonderposten von 2,32 bis 2,40 USD je Aktie und inklusive Sonderposten von 2,02 bis 2,16 USD je Anteilsschein prognostiziert. Eine Vorhersage für das dritte Quartal nannte der Konzern am Montag nicht.
DJG/bam/abe
Royal Bank America Parent Co. Reports 11% Increase in Core Earnings; Loans Up 15%; Deposits Up 8%; Issues 45th Consecutive Quarterly Cash Dividend
NARBERTH, PA, Jul 24, 2006 (MARKET WIRE via COMTEX) -- Royal Bank America President/CEO Joseph P. Campbell announced net income (less non-recurring items) for the Bank's holding company, Royal Bancshares of Pennsylvania, Inc. (NASDAQ: RBPAA) for the three months ended June 30, 2006 of $4.6 million or $0.36 basic earnings per share, compared to $4.1 million or $0.32 basic earnings per share for the same period in 2005. Net income (less non-recurring items) for the six months ended June 30, 2006 was $9.4 million or $0.73 basic earnings per share, compared to $8.5 million or $0.66 basic earnings per share for the same period in 2005. For the second quarter of 2005, non-recurring items include: a $1.3 million exit fee collected on a mezzanine loan, a $1.8 million equity distribution from a variable interest entity, and a $1.7 reduction in tax expense resulting from a deferred tax valuation offset by a $900 thousand expense related to the company's pension plan. During the first quarter of 2006, the company recorded a $900 thousand gain from the sale of real estate held as other real estate owned.
Net income (including non-recurring items) for the three months ended June 30, 2006 was $4.6 million or $0.36 basic earnings per share, compared to $7.2 million or $0.57 basic earnings per share for the same period in 2005. Net income (including non-recurring items) for the six months ended June 30, 2006 was $9.9 million or $0.78 basic earnings per share, compared to $11.6 million or $0.90 basic earnings per share.
For the second quarter of 2006, interest income was $22.7 million compared to $19.3 million for the same quarter in 2005, an increase of $3.4 million. This increase is primarily due to growth in the average loan balances along with higher interest earned as a result of Federal Reserve rate hikes during the period. The amount of the increase attributable to loan volume was $1.7 million and the amount attributable to interest rates was $1.6 million. Net loans increased 15% or $84.9 million from December 31, 2005 to $624.3 million at June 30, 2006. This increase is primarily due to an increased demand for commercial and construction loan products that are being offered at competitive rates coupled with an increase in volume from the Royal Asian Bank division and the Equity/Mezzanine division.
Interest expense increased $3.9 million to $11.6 million for the quarter ended June 30, 2006 compared to the same period of 2005. For the six-month period ended June 30, 2006, interest expense increased $6.6 million to $21.7 million compared to the same period in 2005. The increases were due to increased borrowings with the Federal Home Loan Bank in order to fund loan growth along with an increase in deposit rates in order to remain competitive within our market. Total deposits increased 8% at June 30, 2006 from December 31, 2005, primarily as a result of attractive certificate of deposit rates being offered during the first six months of 2006. During this period, brokered deposits increased $19.3 million. These funds were utilized to fund a portion of loan growth.
Net interest margin (less non-recurring items) was 3.69% for the second quarter of 2006 compared to 3.96% for the first quarter of 2006 and 3.76% for the second quarter of 2005.
During the second quarter of 2006, $1.0 million was recorded to increase the allowance for loan losses, of which $300 thousand was related to specific loans and the remainder was attributed to loan growth. For the six-month period ended June 30, 2006, $1.3 million was recorded to increase the allowance, of which $700 thousand was related to specific loans. Included in the reserves are mezzanine loans, which generally provide higher yields but which management has determined to have a higher level of risk compared to the remainder of loan portfolio. As of June 30, 2006, all mezzanine loans are current.
Consolidated total assets increased 4% to $1.36 billion at June 30, 2006, as compared to $1.30 billion at December 31, 2005. Return on assets for the six-month period ended June 30, 2006 was 1.5%. Return on equity for the six-month period ended June 30, 2006 was 12.9%.
The Board of Directors of Royal Bancshares of Pennsylvania, Inc. declared its 45th consecutive quarterly cash dividend on July 19, 2006. This dividend will be twenty-seven and five tenth cents ($.275) per share for holders of Class A common stock and thirty-one and six hundred twenty five thousandths cents ($.31625) per share for holders of Class B common stock of Royal Bancshares of Pennsylvania, Inc. The record date is August 2, 2006, and the payment date is August 16, 2006.
About Royal Bancshares of Pennsylvania, Inc.
Royal Bancshares of Pennsylvania, Inc. headquartered in Narberth, Pennsylvania, operates seventeen full-service branch offices throughout southeastern Pennsylvania and New Jersey under the name Royal Bank America and four locations under the name Royal Asian Bank. Together, Royal Bank America and Royal Asian Bank offer a wide variety of products and services, including commercial real estate loans, residential mortgages, equity/mezzanine lending, high-yielding CDs & MMAs and Internet Banking solutions at www.royalbankamerica.com and www.royalasianbank.com.
24.07.2006 14:58
Ahead of the Bell: Barnes & Noble
NEW YORK (AFX) - Shares of Barnes&Noble Inc. (Nachrichten) may trade heavily when the opening bell rings Monday after the company disclosed the Securities and Exchange Commission is informally reviewing the company\'s stock-options granting practices.
After the close of the market Friday, Barnes&Noble said the SEC is conducting an informal inquiry into stock options practices. An internal review of stock options practices had already been underway at Barnes&Noble.
The shares fell in after hours trading on Friday.
The SEC is investigating about 60 companies for potential backdating of stock options, or making the options more valuable by setting the strike price to a date when the shares were trading more cheaply. An option with a lower strike price is more valuable because it is less expensive to exercise.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
24.07.2006 15:02
Motorola kauft eigene Aktien für 1,2 Mrd Dollar - Neues Aktienrückaufprogramm
Der Telekomausrüster Motorola <MOT.NYS> <MTL.FSE> (Nachrichten/Aktienkurs) will das aktuell laufende Aktienrückkaufprogramm vorzeitig ausschöpfen und kündigte ein neues Programm an. Mit dem beschleunigten Rückkauf von eigenen Aktien für 1,2 Milliarden Dollar beende das Unternehmen das Programm mit einer Gesamthöhe von vier Milliarden Dollar bereits nach 14 Monaten, teilte Motorola am Montag in Schaumburg mit. Der Telekomausrüster hatte im Mai 2005 das erste Aktienrückkaufprogramm seiner Firmengeschichte beschlossen. Es war ursprünglich auf drei Jahre angelegt.
Des Weiteren kündigte Motorola an, weitere eigene Aktien im Wert von 4,5 Milliarden Dollar über die kommenden drei Jahre zurückkaufen zu wollen. Dies soll jeweils zu Marktbedingungen geschehen. Basierend auf dem aktuellen Aktienkurs würden die Motorola-Aktien im Wert von 4,5 Milliarden Dollar rund neun Prozent der Marktkapitalisierung des Unternehmens darstellen./ne/sb/zb
ISIN US6200761095
AXC0124 2006-07-24/14:56
Oppenheim Espresso: Microsoft läßt es rocken
24.07.2006 (15:01)
Der weltgrößte Softwarekonzern hat mit den jüngsten Zahlen für das vierte Quartal die Erwartungen getroffen. Mit einer Anhebung der Prognose hat aber kaum jemand gerechnet. Auf Grund einer unerwartet hohen Nachfrage geht Microsoft nun von einem Gewinn je Aktie zwischen 1,43 und 1,47 Dollar aus. Bislang lag die Spanne bei 1,36 bis 1,41 Dollar.
Das ist noch lange nicht alles. Um auch im wachstumsstarken Feld der MP3-Player Fuß zu fassen, plant die IT-Supermacht nun einen Angriff auf Apple. Denn dessen iPod ist mit einem Marktanteil von über 50% derzeit das Maß der Dinge. Das Konkurrenzmodell aus Redmond namens Zune soll noch im laufenden Jahr auf den Markt kommen.
Die Wall Street feiert bereits. Nach der Prognoseanhebung schoß die Aktie um 6% nach oben. Daneben heizte das angekündigte Aktienrückkaufprogramm im Volumen von 40 Mrd. Dollar dem Titel ein. Ein erstes Kaufangebot will Microsoft bis zum 17. August vorlegen.
Der Einstieg in die MP3-Welt sorgt für Kursphantasie, doch er birgt auch Risiken, denn der Kampf um Marktanteile kostet Geld und könnte künftige Gewinne zunächst schmälern. Vor diesem Hintergrund bietet sich das CLASSIC-Discount-Zertifikat (SBL 7AM) an. Denn das Papier wirft auch bei einer Seitwärtsbewegung der Aktie eine attraktive Maximalrendite von knapp 17% ab. Wichtig dabei ist, daß die Aktie am Bewertungstag nicht unter 24 Dollar notiert. Da das Papier nicht währungsgesichert ist, wirkt sich ein fallender Dollar negativ, eine steigende US-Währung positiv auf die Rendite des Zertifikats aus.
24.07.2006 15:04
Biogen Idec, Elan rerelease Tysabri
CAMBRIDGE, Mass. (AFX) - Biotech drug maker Biogen Idec Inc. (Nachrichten/Aktienkurs) and Ireland-based drug maker Elan Corp. (Nachrichten) said Monday its multiple sclerosis treatment Tysabri is now available in the U.S. 17 months after the companies pulled the drug from pharmacies.
In June, the Food and Drug Administration re-approved the drug with certain restrictions. Now, Tysabri must be prescribed by doctors participating in a special program called the Touch Prescribing Program. Elan runs the program through ICS, a drug distributing unit of AmerisourceBergen Specialty Group, and 12 specialty pharmacies.
Originally approved in November 2004, Tysabri was taken off the market three months later when three cases of a rare and often fatal brain inflammation occurred in multiple sclerosis patients taking the drug. Two of the patients died.
Multiple sclerosis is an incurable disease wherein the immune system attacks the insulation of the nerve fibers by mistake.
The annual wholesale cost of Tysabri per patient is about $28,400, a 20 percent premium to what some analysts had expected.
The companies also announced they launched the drug in Europe after receiving a recent approval from the European Commission.
Elan's American depositary shares rose 39 cents, or 2.9 percent, to $13.70 in premarket activity on the INET electronic exchange. Shares of Biogen closed Friday at $40.73 on the Nasdaq.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Stockguru.com: StockGuru Price and Volume Alerts for Monday July 24, 2006 - One Company Announces Letter-Of-Intent To Lease Space While Another Broke Its Old Record
Dallas, Texas, Jul 24, 2006 (M2 PRESSWIRE via COMTEX) -- StockGuru Price and Volume Alerts for Monday include iPCS, Inc. (OTCBB: "IPCS"),, ImmuneRegen BioSciences, Inc., (OTCBB: IRBO), Sonoran Energy, Inc (OTCBB: SNRN), Intrepid Holdings, Inc. (OTCBB: ITPD), Itronics Inc (OTCBB: ITRO) and i2Telecom International, Inc. (OTCBB: ITUI) StockGuru Price and Volume Alerts feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.
iPCS, Inc. (OTCBB: IPCS), - Friday's shares increased 0.39% over open to $46.46 The volume was at 25,720. iPCS, Inc. , a Sprint PCS Affiliate of Sprint Nextel, today announced that it serves approximately 517,500 customers as of June 30, 2006. The ending subscriber number reflects a reduction of approximately 1,700 due to the elimination of non-revenue-generating subscribers previously accounted for as subscribers at Horizon PCS. Horizon PCS merged into iPCS as of July 1, 2005.
iPCS, Inc. provides wireless voice and data products and services in the United States. The company sells digital wireless personal communications services, including wireless voice and data services, as well as related retail products, including handsets. It markets its products and services under Sprint brand name through distribution outlets, which comprise retail stores, major national distributors, and third-party distributors. The company offers its services primarily in Illinois, Michigan, Iowa, and eastern Nebraska. iPCS was formed in 2000 and is headquartered in Schaumburg, Illinois.
ImmuneRegen BioSciences, Inc., (OTCBB: IRBO) - Friday's shares stayed even at $0.260. The volume was at 105,064. ImmuneRegen BioSciences, Inc. , a wholly owned subsidiary of IR BioSciences Holdings, Inc., today announced it has retained the services of Investor Awareness, Inc. as its investor relations firm. Chicago-based Investor Awareness, Inc., a full service investor and media relations consulting firm, provides private and publicly traded companies with customized programs to generate awareness among members of the financial community. Investor Awareness specializes in accelerating the growth in the value of small to midsize companies.
IR BioSciences Holdings Inc., through its wholly owned subsidiary ImmuneRegen BioSciences, Inc., is a development stage biotechnology company focused on the research and development of Homspera(TM) and its derivatives Radilex(TM) and Viprovex(TM), which are designed to be used as countermeasures for multiple homeland security bioterrorism threats. Homspera is derived from modified Substance P, a naturally occurring peptide immunomodulator and homeostatic compound with the dual effect of improving pulmonary function and the stimulation of the human immune system. For more information, please visit the company's website at www.immuneregen.com.
Sonoran Energy, Inc. (OTCBB: SNRN) - Friday's shares stayed even at $0.340 The volume was at 55,255. Sonoran Energy, Inc. is pleased to announce the appointment of senior oil and gas finance executive Robert M. King to the Company's Board of Directors. "Bob King's contacts and vast experience in the U.S. oil and gas sector will complement our board's broad expertise," said Peter Rosenthal, Sonoran Energy President and Chief Executive Officer. "As both an independent member of the Board and head of Sonoran Energy's audit committee, the strong industry and finance knowledge Bob will bring is particularly relevant as we move forward with our growth strategy."
Sonoran Energy is a US-based independent oil and gas company that is building a diversified portfolio of high value assets in North America, North Africa, the Middle East, and the Caspian region. Sonoran Energy explores, develops, and enhances the performance of high value oil and gas opportunities. With a focus on health, safety and the environment, we leverage the Company's innovative organizational alignment model with leading technical partners. www.sonoranenergy.com
Intrepid Holdings, Inc. (OTCBB: ITPD) - Friday's shares closed down at -6.67% with a price of $0.280. The volume was at 30,100. Intrepid Holdings, Inc. announced today that its Intrepid Healthcare Group has signed a letter-of-intent with Wal-Mart Stores, Inc. to lease space in Wal-Mart stores and Supercenters in several markets. Intrepid Holdings, Inc. will build and operate Healthy Access medical clinics in these leased spaces beginning in the 3rd quarter of this year. At this time, Intrepid Holdings, Inc. plans to open clinics in Wal-Mart stores and Supercenters in Texas, as well as the District of Columbia area, over the next 12-15 months.
Intrepid Holdings' is a leading provider of pharmacy, clinic, and related healthcare services to the urban marketplace. These services compliment Intrepid's "urban life care" focus and often are targeted to specific urban market populations. In addition, Intrepid leverages the key relationship between patients and their health providers.
Itronics Inc. (OTCBB: ITRO) - Friday's shares closed down at -4.52% with a price of $0.01900. The volume was at 1,449,585. Crude oil broke its old record Thursday, breaking through the $77 per barrel barrier, but in looking back on the second quarter, many ag-related fertilizer manufacturers have seen their sales decline while one Reno-based enviro-ag supplier saw sales climb most due to higher energy costs. Tuesday, Itronics Inc. (OTCBB: ITRO) reported a 46 percent increase in sales of its GOLD'n GRO liquid fertilizer in the second quarter.
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company in the world with a "Beneficial Use Photochemical, Silver, and Water Recycling" facility that extracts more than 99 percent of the silver and virtually all the other toxic heavy metals from used photoliquids and converts the resulting liquids into environmentally beneficial, chelated, multinutrient liquid fertilizer products sold under the GOLD'n GRO trademark. The environmentally friendly liquid fertilizers can be used for lawns and houseplants, and are available, along with GOLD'n GRO liquid fertilizer injectors, at the Company's "e-store" catalog at http://goldngro.com .
i2Telecom International, Inc. (OTCBB: ITUI) - Friday's shares closed down at -25.00% with a price of $0.0300. The volume was at 66,200. i2Telecom International, Inc. , a pioneer in ultra-portable high quality Voice-over Internet Protocol ("VoIP") products and services, announced today that it has entered into an agreement with Global Voice Technologies, ("GVT") under which i2Telecom has been appointed as the exclusive provider of VoIP services through GVT's global marketing network. GVT expects to have more than 8,000 agents in place prior to the end of the third quarter of 2006.
i2Telecom International, Inc. (OTCBB: ITUI - News) is a pioneer in ultra-portable high quality Voice-over Internet Protocol (VoIP) products and services employing best-of-breed VoIP technology. The Company has operations in Atlanta, Georgia and Redwood City, California, controls its own proprietary and patent-pending technology, and uses a combination of its own network and the Internet to deliver high-quality phone calls, streaming video and text chat. i2Telecom International provides VoiceStick(TM), InternetTalker , Digital Communications Portal communications and microgateway adapters for VoIP long-distance streaming video, text chat and other enhanced communication services to subscribers. Its proprietary technology platform is compliant with the Session Initiation Protocol ("SIP") telecommunications industry standard. i2Telecom International's revenue model includes recurring monthly subscriptions and prepaid services, as well as revenue from the sale of its integrated access devices, call minute termination fees and royalties from original equipment manufacturers. For additional information visit www.i2telecom.com or www.voicestick.com or call 877-731-6800
.S. Stock-Index Futures Rise: Schering-Plough, Merck Advance
July 24 (Bloomberg) -- U.S. stock-index futures rose after earnings from Schering-Plough Corp., Merck & Co. and BellSouth Corp. exceeded analysts' estimates, signaling corporate profits are withstanding higher interest rates.
``The second-quarter earnings season has gotten off to a slow start but it seems to be gaining traction,'' said Jane Drake, who helps oversee $10.2 billion at Tilney Investment Management in Liverpool, England. ``This may well prove to be a good entry point for long-term investors.''
ATI Technologies Inc. surged after Advanced Micro Devices Inc., the world's second-biggest maker of microprocessors, agreed to buy the company for $5.4 billion. Dell Inc., the No. 1 personal-computer maker, gained after Citigroup Inc. recommended investors buy the shares.
Standard & Poor's 500 Index futures expiring in September rose 4.20 to 1248.90 at 8:19 a.m. in New York. Dow Jones Industrial Average futures gained 29 to 10,935 and Nasdaq 100 Index futures advanced 5.50 to 1466.75.
Analysts expect S&P 500 companies to report a 13.6 percent increase in profit for the quarter, above their projection of 12.4 percent at the end of last week and 10.9 percent at the beginning of the period, according to estimates compiled by Thomson Financial.
Schering-Plough said profit was 16 cents a share and revenue rose 11 percent to $2.8 billion on sales of the cholesterol drugs Vytorin and Zetia. Analysts surveyed by Thomson expected profit of 17 cents a share, on average. Thomson doesn't disclose the basis of its estimates to Bloomberg News. Schering-Plough shares rose 95 cents to $20.40.
Merck's Profit
Merck & Co. added 18 cents to $37.54 after reporting second-quarter profit doubled on an increase in prescriptions for allergy and heart-disease drugs.
Net income increased to $1.5 billion, or 69 cents a share. Excluding some items, profit was 73 cents a share, exceeding the 67 cents a share estimate of Lehman Brothers analyst Tony Butler, who is top-ranked by Institutional Investor magazine. Merck also raised its forecast for 2006 profit.
BellSouth, the local-telephone company being bought by AT&T Inc., advanced 19 cents to $35.59. The company said profit excluding some items was 60 cents a share, exceeding the estimate of 57 cents of UBS AG analyst John Hodulik.
ATI, the world's second-largest maker of computer-graphics chips, jumped $2.49 to $19.05. Advanced Micro agreed to buy the Markham, Ontario-based company for $20.47 a share, including $16.40 in cash and 0.2229 Advanced Micro shares. The offer is 24 percent more than ATI's closing price last week. Advanced Micro shares declined $1.12 to $17.14.
Dell Recommendation
Dell added 39 cents to $20.30 after Citigroup raised its recommendation to ``buy'' from ``hold.'' The bank wrote in a note to clients that while Dell will likely face the issue of a slide in corporate spending for several more quarters, ``we believe this is now reflected in estimates.''
Dell's stock dropped 9.9 percent on Friday, the biggest decline in more than five years.
HCA Inc. gained $1.58 to $49.45 after Bain Capital LLC, Merrill Lynch & Co. and Kohlberg, Kravis Roberts & Co. agreed to buy the company for about $21.3 billion. The deal tops KKR's 1989 purchase of RJR Nabisco Inc. for $31.3 billion, the biggest buyout ever, when debt is included. The HCA transaction includes about $11.7 billion in debt.
American Express rose 15 cents to $50.77. The No. 4 U.S. credit-card issuer reports earnings later today and may say second-quarter profit climbed after it signed up new clients and existing customers used their cards more for purchases.
American Express
Net income probably rose 8.5 percent to $933.2 million, or 74 cents a share, from $860 million in earnings from continuing operations, or 69 cents, a year earlier, according to the average estimate of 19 analysts surveyed by Thomson Financial.
Kraft Foods Inc. issues earnings after the close of U.S. markets today.
Kraft, the world's second-largest foodmaker and a unit of Altria Group Inc., may say second-quarter profit was 48 cents a share, up from 47 cents a year earlier, according to Thomson analyst estimates.
Carlisle Companies Reports a 30% Increase in Second Quarter Income from Continuing Operations and Increases Full Year Guidance
CHARLOTTE, N.C., Jul 25, 2006 (BUSINESS WIRE) -- Carlisle Companies Incorporated (NYSE:CSL) reported income from continuing operations of $54.6 million, or $1.76 per diluted share, for the quarter ended June 30, 2006, an increase of 30% above $42.1 million, or $1.34 per diluted share, for the second quarter of 2005. Earnings before interest and income taxes ("EBIT") for the second quarter of 2006 was $84.2 million or 12.2% expressed as a percent of net sales. EBIT for the second quarter of 2005 was $66.0 million or 11.1% expressed as a percent of sales.
Richmond McKinnish, Carlisle President and CEO, commented, "The second quarter of 2006 met our expectations. We continue to see strength in many of our end markets; therefore, we are increasing our guidance for income from continuing operations for the full year 2006 to the range of $5.25 to $5.45 per diluted share from the previous range of $5.00 to $5.20 per diluted share."
Net sales of $692.7 million in the second quarter of 2006 were $101.1 million, or an increase of 17%, as compared to net sales of $591.6 million in the second quarter of 2005. Organic sales growth accounted for $84.1 million, or 83%, of the improvement over the prior-year quarter, primarily as a result of strong organic growth in the Construction Materials segment and the Diversified Components segment. The organic sales growth rate was 14.2% for the second quarter of 2006 as compared to an organic growth rate of 9.6% for the second quarter 2005. Acquisitions in the Diversified Components segments accounted for $13.4 million, or 13%, of the growth over the second quarter of 2005, while changes in foreign currency exchange rates contributed $3.6 million, or 4%.
Construction Materials: Net sales of $292.9 million in the second quarter of 2006 were 29% above $227.9 million of net sales in the second quarter of 2005 primarily related to higher volumes of TPO (thermoplastic polyolefin) membrane and insulation reflecting Carlisle's expanded geographic reach within the U.S. and focus on total system sales. Second quarter 2006 EBIT of $46.6 million was 20% above second quarter 2005 EBIT of $38.8 million. Prior year results included pre-tax gains of $1.3 million on the sale of property and $1.3 million of insurance proceeds related to a fire at a small coatings and waterproofing plant that occurred in 2002. Segment EBIT for the second quarter of 2006 and 2005 included earnings related to the Company's equity share of income at its European roofing joint venture, Icopal, of $0.7 million and $0.6 million, respectively.
Industrial Components: Net sales of $214.7 million for the three months ended June 30, 2006 represented a 3% increase over net sales of $209.2 million for the same period in 2005. The tire and wheel business increased revenues on higher commercial outdoor power equipment, ATV (all-terrain vehicles) and high speed trailer tire sales as well as increased sales to the replacement market. Improvement in the tire and wheel business was slightly offset by lower sales in the power transmission belt business driven by reduced volumes for the agricultural market. EBIT of $23.4 million in the second quarter of 2006 was 18% above EBIT of $19.8 million reported in the same quarter of 2005. Earnings in the current-year quarter included a $5.6 million gain resulting from the curtailment of certain retiree medical benefits and $1.5 million of proceeds related to certain legal actions initiated by the Company. Negatively impacting results in the second quarter of 2006 were charges of $1.3 million related to a lease termination and $1.2 million related to the impairment of certain assets at the closed Red Wing, MN facility. Earnings in the prior year included $3.6 million related to certain legal actions.
Diversified Components: Net sales of $185.1 million in the second quarter of 2006 were 20% higher than net sales of $154.5 million for the same period of 2005 while EBIT in the second quarter of 2006 of $21.5 million was 41% higher than EBIT of $15.3 million in the second quarter of 2005. Results for the current-year quarter were negatively impacted by pre-tax charges of $2.5 million related to an arbitration proceeding concerning the termination of a supply agreement in the Company's high-performance wire and cable business. Strong demand in the specialty trailer business and the wire and cable business, as well as acquisitions in the two brake businesses accounted for a significant portion of the increase in net sales. The Company's refrigerated truck body business also experienced favorable comparisons to the prior year, which was negatively impacted by a labor dispute in 2005.
Discontinued Operations
In the fourth quarter of 2005, the Company announced it was exiting the businesses of Carlisle Systems & Equipment which include Carlisle Process Systems and the Walker Group. On April 10, 2006, Carlisle announced it had signed a definitive agreement to sell Carlisle Process Systems to Tetra Pak, a division of the Tetra Laval Group, a private industrial group headquartered in Switzerland. The sale of the Carlisle Process Systems businesses is subject to regulatory approvals as well as other customary closing conditions. The Company is actively marketing the Walker Group businesses. The sale of Carlisle Process Systems and the Walker Group businesses are expected to be completed by December 31, 2006.
Income from discontinued operations, net of tax, in the second quarter of 2006 was $1.4 million as compared to losses from discontinued operations in the second quarter of 2005 of $7.4 million.
Net Income
Net income for the second quarter ended June 30, 2006 of $56.0 million, or $1.80 per diluted share, was 61% higher than net income in the second quarter ended June 30, 2005 of $34.7 million, or $1.11 per diluted share. The increase in net income for the second quarter 2006 was due primarily to the improved income from continuing operations as well as the second quarter 2005 including the aforementioned losses from discontinued operations.
Cash Flow
Cash provided by continuing operations of $55.7 million for the six months ended June 30, 2006 was significantly stronger than $19.8 million provided in the first half of 2005 due primarily to increased operating income and a reduction in cash required to fund working capital levels. Cash used in investing activities was $46.9 million in 2006 compared to $46.1 million in 2005. Capital expenditures of $50.9 million in the first half of 2006 were comparable to capital expenditures of $50.7 million in the first six months of 2005 with the Construction Materials segment representing the majority of the expenditures for both periods. Cash used in financing activities of $15.1 million in the six months ended June 30, 2006 compared to cash provided by financing activities of $41.9 million in the first half of 2005. The year-over-year change in financing cash flow is due primarily to a reduction in short-term borrowings in 2006 on stronger cash flow from operating activities. Financing cash flows in 2005 included the use of $16.4 million to purchase 200,000 shares of common stock.
Backlog
Backlog from continuing operations at June 30, 2006 of $269.9 million was below the backlog of $295.4 million at March 31, 2006 and slightly higher than the backlog of $261.3 million at June 30, 2005. Increased backlog for the Construction Materials segment was more than offset by decreased backlog in the Industrial Components segment reflecting the seasonality of the lawn and garden market.
Stockguru.com: StockGuru Price and Volume Alerts for Tuesday July 25, 2006 - One Company Closes $25 Million Financing While Another Announces Acquisition
Dallas, Texas, Jul 25, 2006 (M2 PRESSWIRE via COMTEX) -- StockGuru Price and Volume Alerts for Tuesday include Torrent Energy Corporation (OTCBB: TREN), ,Produce Safety & Security International, Inc. (OTCDSC), Cal-Bay International, Inc. (OTCBB: CBAY) , Pilgrim Petroleum Corporation (OTC: PGPM ), and PacificHealth Laboratories, Inc. (OTCBB: PHLI) StockGuru Price and Volume Alerts feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.
Torrent Energy Corporation (OTCBB: TREN) - Monday\'s shares increased 4.66% over open to $1.90. The volume was at 73,521. Torrent Energy Corporation is pleased to announce that it has completed a $25,000,000 preferred share offering. Under the terms of this financing, the Company has received gross proceeds of $9,000,000 and is scheduled to receive another $8,500,000 upon filing of a registration statement registering the offering plus another $7,500,000 upon effectiveness of the registration statement. These proceeds will be used to fund the development of the Company\'s Coos Bay project, exploration of its Washington State project and for general working capital. For more details, please review the Company\'s Form 8-K filing regarding the offering.
Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. The Company\'s primary objective is to create value for stakeholders by applying strong technical expertise to projects. The current focus of the Company\'s Oregon subsidiary, Methane Energy Corp., is on the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 116,000 acres of prospective land. The Company\'s Washington subsidiary, Cascadia Energy, is focused on two projects in southwestern Washington State where it holds substantial lease and lease option commitments. For more information please visit www.torrentenergy.com.
Produce Safety & Security International, Inc. (OTCDSC) - Monday\'s shares stayed even at $0.08400. The volume was at 2,024,076. Produce Safety and Security International, Inc. , an ozone and chemical sanitation disinfectant process supplier to the food and medical industries, announces the acquisition of Atomic X(TM) Hydration Company ("AtomicX"). The companies have closed the first segment of a four-step process. AtomicX is now an owned subsidiary of Produce Safety and Security International and the agreement calls on AtomicX to become a fully owned subsidiary within a twelve-month period.
PDSC has developed and patented products for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food-borne illness pathogens and disease-causing bacteria. PDSC provides a range of options for retail stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail, an essential component for complying with government regulations in the USA, Canada and Mexico.
Cal-Bay International, Inc. (OTCBB: CBAY) - Monday\'s shares closed down at -15.38% with a price of $0.220. The volume was at 243,182. Cal-Bay International, Inc. announces the appointment of Robert J. Mackle as Senior Vice President and William Sickert as Vice President to Cal-Bay\'s Board of Directors. Cal-Bay\'s President and CEO today announced the appointments to Cal-Bay\'s Board of Directors. CEO Roger Pawson commented, "We are extremely fortunate to be able to have the professional expertise and experience of Rob Mackle and Bill Sickert as valued additions to Cal-Bay\'s Board of Directors. As Cal-Bay continues to grow, experienced professionals such as Rob and Bill are not only a valuable but necessary addition to the company". The appointments become effective August 1st, 2006.
Cal-Bay International, Inc. has been on the OTCBB Naked Short Threshold list 2 times. Brokerage firms have been out of compliance with Regulation SHO twice. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer\'s total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
Pilgrim Petroleum Corporation (OTC: PGPM ) - Monday\'s shares closed down at -11.67% with a price of $0.05300. The volume was at 1,328,523. Pilgrim Petroleum is pleased to announce its Mid-Year Second Quarter President\'s Report to shareholders and potential investors is available at www.apetroleum.com. Rafael Pinedo, President of Pilgrim Petroleum Corporation, commented, "Pilgrim Petroleum Management is highly focused on high level results. We will continue to acquire properties and bring our wells on line throughout 2006, building solid foundations."
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded independent oil and gas company . The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production.
PacificHealth Laboratories, Inc. (OTCBB: PHLI) - Monday\'s shares closed down at -3.83% with a price of $1.76. The volume was at 18,630. PacificHealth Laboratories announced that Accelerade, the only sports drink with the patented and proven-effective 4:1 carbohydrate to protein ratio, has been named the official sports drink for USA Wrestling. Under the terms of the agreement with USA Wrestling, Accelerade will be named the title sponsor for the 2006 USA Wrestling Cadet National Championships, scheduled to take place at the Fargo Dome in Fargo, ND from July 23 - 28.
PacificHealth Laboratories, Inc. , a leading nutrition technology company, has been a pioneer in discovering, developing and commercializing patented, protein-based nutritional products that stimulate specific peptides involved in appetite regulation and that activate biochemical pathways involved in muscle performance and growth. PHLI\'s principle areas of focus include weight loss, management of Type 2 diabetes and sports performance.
25.07.2006 14:50
Aktien NYSE/NASDAQ Ausblick: Uneinheitlich erwartet - Zahlenreigen
Nach den deutlichen Gewinnen vom Vortag werden die US-Börsen am Dienstag uneinheitlich erwartet. Ihren Blick richten Anleger vor allem auf die Vielzahl der Unternehmenszahlen. Der Future auf den S&P-500-Index <INX.IND> verlor gegen 14.30 Uhr um 0,06 Prozent auf 1.266,70 Punkte. Am Vortag hatte der Index um 1,66 Prozent bei 1.260,91 Punkte zugelegt. Der Future auf den NASDAQ-100-Index <NDX.X.IND> <NDX.X.NQI> gewann 0,18 Prozent auf 1.497,25 Punkte. Der Index hatte am Montag um 2,10 Prozent auf 1.482,34 Punkte zugelegt.
Texas Instruments <TXN.NYS> <TII.FSE> (Nachrichten/Aktienkurs) legten vorbörslich 2,80 Prozent auf 28,62 Dollar zu. Der Halbleiter-Hersteller hat seinen operative Gewinn im zweiten Quartal dank einer starken Nachfrage nach Handy- und Elektrogeräte-Chips wie erwartet gesteigert.
Die Aktie von 3M <MMM.NYS> <MMM.FSE> (Nachrichten/Aktienkurs) gab im vorbörslichen US-Handel um 0,61 Prozent auf 71,25 US-Dollar nach. Der amerikanische Mischkonzern hat im zweiten Quartal mehr Gewinn erwirtschaftet als im Vorjahr, allerdings die durchschnittliche Markterwartung verfehlt.
Für die Titel von McDonald's <MCD.NYS> <MDO.FSE> (Nachrichten/Aktienkurs) ging es vor Handelsbeginn um 1,61 Prozent auf 35,40 Dollar nach oben. Die weltgrößte Schnellimbisskette will in diesem und im nächsten Jahr fünf bis sechs Milliarden Dollar für Aktienrückkäufe und Dividenden ausgeben.
Altria-Aktien <MO.NYS> <PHM7.ETR> (Nachrichten/Aktienkurs) gewannen im vorbörslichen US-Handel 0,96 Prozent auf 80,25 Dollar. Der US-Tabak- und Nahrungsmittelkonzern hat seine Prognose für das laufende Geschäftsjahr erneut erhöht.
Auf ihrem Schlussstand vom Montag verharrte dagegen die Aktie von DuPont <DD.NYS> <DU7.FSE>. Der US-amerikanische Chemiekonzern hat im zweiten Quartal bei einem leichten Umsatzrückgang vor Sonderfaktoren mehr verdient als ein Jahr zuvor und dabei die Prognosen der Analysten übertroffen./mw/sc
AXC0115 2006-07-25/14:45
XTO Energy Announces Record Production and Earnings in Second Quarter
FORT WORTH, Texas, July 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- XTO Energy Inc. (NYSE: XTO) today reported record second quarter 2006 production of 1.516 billion cubic feet equivalent (Bcfe) per day, up 16% from the second quarter 2005 level of 1.303 Bcfe per day, and up 4% sequentially from 1.460 Bcfe per day in first quarter 2006. Total revenues for the second quarter were $1.07 billion, a 42% increase from $749 million the prior year. Earnings for the quarter reached a record $597 million, or $1.64 per share ($1.62 diluted), a 171% increase from second quarter 2005 earnings of $220 million, or 61 cents per share (60 cents diluted). Included in second quarter 2006 earnings are a $469 million gain ($292 million after-tax) on the distribution of Hugoton Royalty Trust units and a $26 million income tax expense related to a new Texas margin tax enacted during the quarter. After adjusting for the after- tax effects of these items as well as for the derivative fair value gain, adjusted earnings for second quarter 2006 were $320 million, or 88 cents per share (87 cents diluted). Second quarter 2005 adjusted earnings were $220 million, or 61 cents per share (60 cents diluted). See the end of this release for further explanation and reconciliation of non-GAAP financial measures.
Second quarter 2006 earnings are also net of a $27 million after-tax non- cash charge related to expensing second quarter stock awards as required after adoption of SFAS 123R as of January 1, 2006. Non-cash stock compensation is expected to be approximately $5 million ($3 million after-tax) in each of the third and fourth quarters of 2006.
Operating income for the quarter was $576 million, a 50% increase from second quarter 2005 operating income of $385 million. Operating cash flow, defined as cash provided by operations, before changes in operating assets and liabilities, exploration expense and significant cash flow effects of earnings adjustments, was $664 million, up 39% from 2005 second quarter comparable operating cash flow of $478 million. See the end of this release for further explanation and reconciliation of non-GAAP financial measures.
The Company set quarterly records for its oil and gas production. Second quarter 2006 production was 1.516 Bcfe per day, up 16% from the second quarter 2005 level of 1.303 Bcfe per day. Excluding the effects of the distribution of Hugoton Royalty Trust units to shareholders, daily production for the quarter would have increased by an additional 20.6 million cubic feet equivalent (MMcfe) per day. Second quarter daily gas production averaged 1.175 Bcf, up 15% from second quarter 2005 daily production of 1.019 Bcf. Daily oil production for the second quarter was 45,159 barrels, a 22% increase from the second quarter 2005 level of 37,022 barrels. During the quarter, natural gas liquids production was 11,712 barrels per day, a 14% increase from the prior year quarter rate of 10,305 barrels per day.
"XTO is built on a strategy of reliable growth and exceptional economic performance. We are proud that the quarterly results, once again, highlight these strengths in our franchise. In short, our key performance metrics -- production growth, earnings and cash flow -- all exceeded expectations," stated Bob R. Simpson, Chairman and Chief Executive Officer. "Moving ahead, we are raising our production growth target for the year to 13-14%, which does not include the 3% of production associated with the Hugoton Royalty Trust distribution in May. Our inventory-rich property base will continue to provide growth in production and reserves for years to come, fortifying the value of XTO for our shareholders."
Keith A. Hutton, President, further comments, "Our operational results reflect the Company's ongoing success in delivering drill-bit growth. Production gains for the quarter beat our guidance, with sequential equivalent production increasing by about 4%. Our net production in the Eastern region grew to 603 MMcfe per day, up from 562 MMcfe per day in the first quarter, with the average Freestone Trend gross production increasing by 35 MMcf per day. Drilling success in the Barnett Shale grew net daily production to 171 MMcf from 149 MMcf in this area, up 15% quarter-over-quarter. As a result, Barnett Shale net production has already exceeded our 2006 production goal of 160 MMcf per day by year end. With 70 drilling rigs currently working companywide, we have raised our 2006 development budget to $2.1 billion to accommodate higher Barnett working interests and additional fracturing costs, 50 additional development wells and our high-impact leasing efforts. XTO is on schedule for another record operational year and, looking forward, we plan to continue our double-digit growth again in 2007."
The average realized gas price for the second quarter increased 15% to $6.99 per thousand cubic feet (Mcf) from $6.10 per Mcf in second quarter 2005. Natural gas liquids prices averaged $38.53 per barrel for the quarter, 27% higher than the 2005 quarter average price of $30.29. The second quarter average oil price was $62.25 per barrel, a 44% increase from last year's second quarter average price of $43.35.
For the first six months of 2006, the Company reported record earnings of $1.06 billion or $2.93 per share ($2.88 diluted), compared with earnings of $386 million or $1.09 per share ($1.07 diluted) for the same 2005 period. Included in year-to-date 2006 earnings are a $469 million gain ($295 million after-tax) on the distribution of Hugoton Royalty Trust units and $26 million of income tax expense related to enactment of a new Texas margin tax. After adjusting for the after-tax effects of these items as well as for a derivative fair value gain, year-to-date 2006 adjusted earnings were a record $763 million, or $2.10 per share ($2.06 diluted) compared to year-to-date 2005 adjusted earnings of $411 million, or $1.16 per share ($1.14 diluted). Operating cash flow was a record $1.47 billion for the first half of 2006, compared with $888 million for the 2005 period. See the end of this release for further explanation and reconciliation of these non-GAAP financial measures. Total revenues for the first six months of 2006 were a record $2.28 billion, a 66% increase from revenues of $1.38 billion for the same 2005 period. Year-to-date operating income was $1.35 billion, a 100% increase from $671 million for the first half of 2005.
An Operations Overview detailing second quarter activities is available on the Company's website at http://www.xtoenergy.com.
XTO Energy Inc. is a domestic energy producer engaged in the acquisition, development and discovery of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana and Mississippi.
The Company's second quarter 2006 earnings and operational review conference call will be broadcast live via Internet webcast at 4:00 p.m. (EDT) on Tuesday, July 25, 2006. The webcast may be accessed on the Company's website at http://www.xtoenergy.com.
25.07.2006 14:56
Altria hebt Ergebnisprognose 2006 dank Kraft Foods an
NEW YORK (Dow Jones)--Die Altria Group Inc, (Nachrichten/Aktienkurs) New York, hat ihre Prognose für das Gesamtjahr 2006 angehoben. Demnach soll das verwässerte Ergebnis je Aktie aus fortgeführtem Geschäft zwischen 5,40 und 5,50 USD anstatt wie ursprünglich geschätzt zwischen 5,25 und 5,35 USD liegen, teilte der US-Lebensmittel- und Tabakkonzern am Dienstag mit.
Grund für die Prognoseanhebung seien vor allem ein höherer Ergebnisbeitrag von der Lebensmittelsparte Kraft Foods Inc. (Nachrichten) Zum einen erwarte sich Altria einen Zuschuss von rund 0,09 USD je Aktie durch den Verkauf des Kraft-Anteils an United Biscuits, zum anderen seien die erwarteten Restrukturierungskosten bei Kraft geringer, als ursprünglich erwartet. Die Restrukturierungskosten würden das Konzernergebnis demnach je Aktie nur noch mit rund 0,28 USD belasten statt mit den ursprünglich angenommenen 0,36 USD.
DJG/ssu/abe
Diversified Ethanol a Division of James Monroe Capital Corporation Begins Assembling First Ethanol Plant
CHICAGO, Jul 25, 2006 (BUSINESS WIRE) -- Diversified Ethanol a Division of James Monroe Capital Corporation (Pink Sheets:JMCP) has purchased components to begin building its first small-batch ethanol plant, and begins component construction today.
The company selected a proven engineering design, known for its energy efficiency and cost effectiveness, and has begun purchasing tanks, pumps, and is building heat exchangers already. Diversified CEO Taylor Moffitt said, "We are still receiving bids on many of the components, but we intend to have this plant operational ASAP so we can move on to expanding it."
The company is in talks with a city development officials in Iowa towns regarding special incentives, such as tax breaks or forgivable loans, to bring jobs to the area. The company is building plant components in a temporary location until a permanent location can be been finalized.
Moffitt said, "The design we have chosen is literally a prize winner, so we know what to expect. After OPEC's leader made a statement on Friday that there has been too much oil in the market, we figured that meant they might cut oil production. We want to be producing ethanol this summer."
3M Reports Second-Quarter Sales and Earnings
ST. PAUL, Minn., Jul 25, 2006 (BUSINESS WIRE) -- 3M (NYSE:MMM) today announced its sales and profit results for the second quarter 2006.
Second-quarter worldwide sales totaled $5.7 billion, up 7.5 percent compared to the second quarter of 2005. Total local-currency sales increased 7.2 percent, including 2.6 percent from acquisitions, primarily CUNO. Local-currency sales increased 11 percent in Industrial and Transportation, 8.3 percent in Safety, Security and Protection Services, 6.5 percent in Display and Graphics, 6.1 percent in Electro and Communications, 4.6 percent in Consumer and Office, and 4.1 percent in Health Care. All six businesses posted positive local currency growth for the fourth consecutive quarter.
Second-quarter net income was $882 million, or $1.15 per share, including net gains of $0.10 per share due to the combination of positive benefits from income tax adjustments(a), partially offset by settlement costs of a previously disclosed antitrust class action(b) and costs related to the company's current efforts to seek strategic alternatives for its branded pharmaceuticals business. In the second quarter of 2005, net income was $754 million, or $0.96 per share, which included a $0.10 per share charge related to the domestic reinvestment provisions of the American Jobs Creation Act of 2004(c). Included in these results are stock options related costs of $0.07 per share in the second quarter of 2006 and $0.04 per share in the second quarter of 2005(d). Reported net income and earnings per share increased 16.9 percent and 19.8 percent, respectively.
As the company stated in its July 7 press release, second-quarter sales and profits were impacted in large part by lower than expected sales volumes and higher than anticipated new capacity start-up costs in its Optical Systems Division, which is part of 3M's Display and Graphics business segment. 3M develops and manufactures the world's broadest line of proprietary optical films that enhance the brightness and viewing angle of all types of LCD displays.
"The LCD industry experienced an increase in inventory levels, which had a significant and sudden impact on sales of 3M optical films late in the quarter," said James B. Stake, executive vice president, Display and Graphics Business. "While forecasting demand in this business is difficult, we anticipate that inventories will return to normal in the second half of the year and sales growth will accelerate as consumer demand for LCD TV increases. As a result, we continue to expect record sales of our optical films in 2006. Margins will be somewhat lower due to a shift in mix from monitors to larger format LCD televisions."
Stake also addressed the issue of higher start up costs in the company's new multilayer optical film facility. "Our new facility is designed to produce larger-format films for LCD TVs, which is the fastest-growing segment of the LCD market," he noted. "Producing these new highly complex films at the quality levels demanded by our customers and at acceptable yields is a tremendous challenge. We have been manufacturing multilayer optical films for over a decade, and we are confident that we can resolve these issues to meet the expected increase in seasonal demand."
The company also noted that gross margins were below expectations, largely a result of the optical film issues, but also due in part to capacity constraints in a handful of its core businesses. "We are wasting no time in our efforts to add capacity in some key areas of the portfolio," said George W. Buckley, 3M chairman, president, and chief executive officer, "and in the meantime we are aggressively working to drive out manufacturing cost in the third and fourth quarters."
"I am confident that we will manage through these challenges and deliver on our second half expectations, while continuing to invest for the future," Buckley continued. "There is no doubt whatsoever that our growth agenda is advancing and delivering real results. The near term difficulties with optical in no way diminish my optimism in 3M's prospects. We have injected much-needed investment into our core businesses, particularly in terms of sales coverage, advertising, merchandising and R&D, in order to accelerate our long-term growth capability."
As communicated in the previously mentioned July 7 press release, 3M expects calendar year 2006 reported earnings to be in the range of $4.55 to $4.65 per share. Included in this estimate is the combination of previously mentioned net gains of $0.10 per share in the second quarter of 2006, and an estimated annual cost of $0.17 per share due to expensing of stock options. 3M also expects full-year organic local-currency sales growth of between 5.5 and 8 percent, which is unchanged versus its previous expectation. The company estimates that acquisitions will add about 2 percent to 2006 sales growth.
For the third quarter of 2006, the company expects organic local-currency sales growth of 4 to 8 percent. Acquisitions are expected to add approximately 1.5 percent to third-quarter sales growth. The company expects third-quarter earnings per share will be in the range of $1.10 to $1.15, including an estimated $0.04 per share cost from stock options expensing. In the third quarter of 2005, 3M earned $1.08 per share including $0.02 per share from stock options expensing.
Enterprise Reports 79% Increase in Net Income for Second Quarter 2006
HOUSTON, Jul 25, 2006 (BUSINESS WIRE) -- Enterprise Products Partners L.P. "Enterprise," (NYSE:EPD) today announced its financial results for the three months and six months ended June 30, 2006. The partnership reported net income of $126 million, or $0.25 per unit on a fully diluted basis for the second quarter of 2006, a 79% increase from net income of $71 million, or $0.14 per unit in the second quarter of 2005. Net income for the second quarter of 2006 was reduced by approximately $6 million, or $0.01 per unit, for a non-cash charge related to the recently passed Texas margin tax. Net income for the second quarter of 2005 included a non-recurring charge of $12 million, or $0.03 per unit, for costs associated with the refinancing of project debt for the Cameron Highway Oil Pipeline System.
Distributable cash flow for the second quarter of 2006 was $217 million compared to $220 million for the second quarter of 2005. Distributable cash flow for the second quarter of 2005 included a $48 million cash distribution received from Cameron Highway Oil Pipeline Company as part of the refinancing of its debt. On July 14, 2006, Enterprise's board of directors approved an increase in the partnership's quarterly cash distribution from $0.445 per unit to $0.4525 per unit with respect to the second quarter of 2006. This represents a 7.7% increase over the $0.42 per unit rate that was paid with respect to the second quarter of 2005. Distributable cash flow for the second quarter of 2006 provided 1.0 times coverage of the cash distribution to the limited partners. Distributable cash flow is a non-GAAP financial measure that is defined and reconciled later in this press release to its most directly comparable GAAP financial measure, cash provided by operating activities.
Revenue for the second quarter of 2006 increased 32%, to $3.5 billion compared to $2.7 billion for the second quarter of 2005. Operating income for the second quarter of 2006 increased 48% to $186 million compared to $126 million for the second quarter of 2005. Gross operating margin increased 26% to $311 million for the second quarter of 2006 from $246 million for the same quarter in 2005. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the second quarter of 2006 increased 31% to $299 million from $229 million for the second quarter of 2005. Gross operating margin and EBITDA are non-GAAP financial measures that are defined and reconciled later in this press release to their most directly comparable GAAP financial measures.
25.07.2006 15:25
U.S. Bancorp buys SunTrust trustee unit
MINNEAPOLIS (AFX) - U.S. Bancorp, (Nachrichten/Aktienkurs) the nation's sixth-largest bank, on Tuesday agreed to acquire the municipal and corporate bond trustee business of SunTrust Banks Inc (Nachrichten) .
Terms of the deal were not disclosed. The acquisition will add some 4,700 client issuance and $123 billion of assets under administration to U.S. Bancorp's trustee business.
Upon completion, the bank will have $2.5 trillion in assets under administration, 716,000 bondholders, and more than 92,000 client issuance in the business.
SunTrust, the nation's seventh-largest bank, said the deal reflects its ongoing strategy of 'fine-tuning' its business mix to focus on high-growth market segments. The deal will result in a $70 million third-quarter after-tax gain for the Atlanta-based bank, with a possible additional $10 million gain depending on how much business U.S. Bancorp retains.
The transaction is expected to close in the third quarter, SunTrust said.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
25.07.2006 22:04
Sun Microsystems Reports Results for Fourth Quarter Fiscal Year 2006
SANTA CLARA, Calif., July 25 /PRNewswire-FirstCall/ -- Sun Microsystems, (Nachrichten/Aktienkurs) Inc. reported results today for its fiscal fourth quarter, which ended June 30, 2006.
Revenues for the fourth quarter of fiscal 2006 were $3.828 billion, an increase of 29 percent as compared with $2.974 billion for the fourth quarter of fiscal 2005. Year over year revenue increase resulted from both acquisitions and increasing acceptance of the Solaris(TM) 10 Operating System, as well as recently introduced products. Computer Systems Products revenues increased 15% year over year, the second consecutive quarter of year over year revenue increase.
Net loss for the fourth quarter of fiscal 2006 on a GAAP basis was $301 million or a net loss of ($0.09) per share, as compared with net income of $50 million, or net income per share of $0.01, for the fourth quarter of fiscal 2005.
GAAP net loss for the fourth quarter of fiscal 2006 included: $86 million principally related to intangible asset amortization associated with recent acquisitions, $63 million of stock-based compensation charges relating to the adoption of SFAS 123R, $228 million of restructuring charges and an $8 million benefit for related tax effects, $70 million in impairment of acquisition- related intangible assets, $54 million in settlement income, and a $4 million loss on equity investments. In addition, we incurred a $58 million tax charge and $14 million reduction in other income due to a repatriation of foreign earnings. The net impact of these nine items was approximately ($0.13) per share.
Cash generated from operations for the fourth quarter was $410 million and cash and marketable debt securities balance at the end of the quarter was $4.848 billion.
"We're making excellent progress returning Sun to growth and profitability. Revenue, bookings and backlog are all up substantially -- indicating we're gaining traction, market confidence and share," said Jonathan Schwartz, CEO, Sun Microsystems. "Our position is steadily improving -- among a few highlights: the Solaris OS exceeded 5 million licenses in Q4, largely on Dell and HP servers, and on Sun. The Java(TM) platform continues to drive demand in the datacenter and on leading consumer devices. And by opening our UltraSPARC(R) platforms to Ubuntu Linux -- we're proving great products and customer choice matter."
"Our total revenues grew by more than 20% sequentially in the June quarter, and this was the largest sequential growth from Q3 to Q4 since fiscal 2000. Our revenue growth was fairly broad-based from both a geographic and industry basis. In the former Sun standalone business, more than half of our 15 geographies had double-digit product revenue growth year over year. The company did an outstanding job remaining focused on the fundamentals, including shipping product, controlling inventory, and managing the overall cash conversion cycle. And, we're starting the new fiscal year with a healthy product backlog of over $1 billion," said Michael Lehman, chief financial officer and executive vice president, Corporate Resources, Sun Microsystems.
Sun has scheduled a conference call today to discuss its financial results for Q4 fiscal year 2006 at 1:30 p.m. (PT), which is being broadcast live at http://www.sun.com/investors.
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer"(TM) -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age. Sun can be found in more than 100 countries and on the Web at sun.com.
FOR MORE INFORMATION INVESTOR CONTACT: Bret Schaefer 650-786-0123 bret.schaefer@sun.com MEDIA CONTACT: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com INDUSTRY ANALYST CONTACT: Emma Johnson 650-786-3746 emma.johnson@sun.com
IBM Joins With Aradyme Corp. to Provide State Education Solution
OREM, Utah, Jul 26, 2006 (BUSINESS WIRE) -- Aradyme Corp. (OTCBB: ADYE), a data management company that provides world-class solutions in data migration/conversion and data integration, today announced that IBM (NYSE:IBM) has joined forces with Aradyme to provide an end-to-end solution to help state education reporting agencies comply with "No Child Left Behind" ("NCLB") and other reporting requirements. This solution combines Aradyme's cutting-edge Extraction, Transformation and Loading (ETL) Solution for State Education Reporting(TM), which facilitates fast, flexible data collection, with IBM's education data warehouse offering IBM "Insight at School" (IAS) data warehouse and reporting capabilities.
The No Child Left Behind Act of 2001 requires states to more closely monitor the overall performance of schools to ensure they make "Adequate Yearly Progress" (AYP), as well as keep track of how various subgroups of students are performing over time in areas such as math, reading, and science, and what effect intervention programs are having on their performance.
Aradyme's ETL portion of the end-to-end solution for State Education increases the efficiency of collecting student-level data, eases the reporting burden on district, state and federal government agencies, provides easily accessible data to support decision-making, and works with individual districts' existing IT systems.
"Joining forces with Aradyme, educators finally have access to an end-to-end solution that supports the ever-changing environment for state reporting with both the Districts and State Education Departments in mind," said Kirsten Schroeder, IBM Partner, K-12 Education. "Aradyme's ETL solution allows us to offer state agencies a streamlined process for collecting student-level data from school districts, while taking advantage of the Award-winning IBM Business Intelligence (BI) data warehousing. The solution streamlines the efforts of districts to review, cleanse and approve their data. These solutions will improve the quality of the data at the state and district levels and provide better support for decision-making capabilities."
With approximately 16,000 school districts overseeing 85,500 U.S. public schools, it is easy to see just how quickly the process of collecting, storing and reporting on the data for state and federal legislative requirements can become overwhelming. The incentive to comply with NCLB requirements is strong, as the federal government has spent more than $134 billion on NCLB programs to date, and has announced a proposed budget of $24.4 billion for 2007.
"Aradyme is very pleased to be working with IBM to jointly deliver an 'end-to-end' solution that effectively supports state and district educators in meeting NCLB requirements. Our Dynamic Schema Engine(TM)-based ETL Solution is highly configurable and extensible, allowing states to better manage school and student performance by more efficiently collecting and managing data," said Don Hutchings, vice president of sales for Aradyme. "This is another validation of the data management technologies and solution framework we have developed."
Aradyme developed its data collection and management framework based on supporting complex state data management efforts in the areas of voting, corrections and public safety, as well as for the energy/utilities and technology industries. IBM has worked with Aradyme to leverage this framework to support an education environment, serving K-12 school districts, state education agencies, and other education entities. Aradyme and IBM have run proof of concepts with various educational agencies, testing the data collection and management framework in supporting district to state data collection efforts.
This State Education Solution is designed to be platform independent, which allows the education data warehouse to fit into a state's or district's existing and future architecture and provides:
-- More than 150 report templates, including Adequate Yearly Progress reports required by NCLB;
-- IAS Dimensional Data Model;
-- Proven education data models and ETL plans at both the state and district level;
-- Consortium Model that allow districts to partner together to continue solution enhancements at a shared cost;
-- Award-winning IBM Business Intelligence (BI) data warehousing methodology
It also allows for a host of features such as Aradyme's eHarbor(TM) secure communications portal and workflow technology. This data management portal automates data collection, validation, transformation and quality assurance processes, and provides error reporting and feedback, a complete data audit trail, and other valuable capabilities within a unified technology framework built on Aradyme's Dynamic Schema Engine.
Pricing & Availability
The State Education Solution is available immediately and the pricing varies based on the size and scope of an individual state or district's requirements. To learn more about the solution, please read the Aradyme ETL solutions brief at www.aradyme.com/education or see the solution information on IBM's Web site at www.ibm.com/education.
About IBM
IBM is the world's largest information technology (IT) company. IBM is aligned around a single, focused business model: innovation. IBM takes its breadth and depth of insight on issues, processes and operations across a variety of industries, and invents and applies technology to help solve its clients' most intractable business and competitive problems. Although we remain committed, as ever, to lead the development of state-of-the-art technologies, and the products and service offerings built around them, we measure ourselves today by how well we help clients solve their biggest and most pressing problems.
About Aradyme Corp.
Aradyme Corp. is a data management company that provides world-class solutions in data migration/conversion, data integration and application development. These solutions are made possible through a mix of proprietary next-generation database technologies, methodologies and experience that enables customers to simplify their data management efforts and substantially increase the quality of their data. By leveraging the company's dynamic-schema database management system, customers are able to bypass the limitations of traditional database technology and achieve greater flexibility in data handling. For more information about Aradyme, call 801-705-5000 or visit the company's Web site at www.aradyme.com.
26.07.2006 15:14
Boeing senkt Prog Erg/Aktie 06 wg Belastungen auf 2,40-2,55 USD
CHICAGO (Dow Jones)--Die Boeing Co, (Nachrichten/Aktienkurs) Chicago, hat ihre Prognose zum Ergebnis je Aktie 2006 auf 2,40 bis 2,55 USD gesenkt. Der Flugzeughersteller begründete die Revision am Mittwoch bei Vorlage der Zahlen für das zweite Quartal mit Belastungen im Zusammenhang mit der vorläufige Beilegung eines Rechtsstreits mit der US-Regierung. Zudem fielen Belastung wegen der Verspätungen beim internationalen Flugüberwachungsprogramm für Australien und die Türkei an.
Gleichzeitig wurde die Vorhersage für 2007 wegen voraussichtlich höherer Ergebnisse in der Sparte Zivilluftfahrt um 0,15 auf 4,25 bis 4,45 USD je Aktie angehoben. Das Segment Commercial Airplanes verzeichnete im zweiten Quartal einen Umsatzanstieg um 10% auf 7,1 Mrd USD. Das operative Ergebnis kletterte um 51% auf 719 Mio USD.
DJG/bam/mim
26.07.2006 15:12
Biogen: Sondereffekte belasten Ergebnis
Der US-Biotechnologiekonzern hat im zweiten Quartal auf Grund einer starken Absatzentwicklung der beiden Hauptumsatzträger Avonex und Rituxan einen Umsatzanstieg verbucht. Die Umsatzerlöse haben sich im Vergleich zum Vorjahreszeitraum um gut neun Prozent auf 660,04 Mio. US-Dollar verbessert. Wertberichtigungen in Zusammenhang mit zwei durchgeführten Akquisitionen sowie weiteren Einmaleffekten haben zu Ergebnisbelastung in Höhe von 331 Mio. Dollar geführt. Letztlich verbucht Biogen (Nachrichten/Aktienkurs) ein Nettoergebnis in Höhe von 170,61 Mio. US-Dollar bzw. 50 Cents jet Aktie. Dies entspricht einem Anstieg im Vergleich zum Vorjahreszeitraum von fast 400 Prozent. Analysten haben im Vorfeld mit einem Umsatz von 636 Mio. US-Dollar sowie einem Ergebnis je Aktie von 49 Cent gerechnet.
26.07.2006 15:02
General Motors hebt Einsparziel für 2006 an
DETROIT (Dow Jones)--Die General Motors Corp, (Nachrichten/Aktienkurs) Detroit, hat ihr Einsparziel für die strukturellen Kosten in Nordamerika angehoben. Wie der US-Automobilhersteller am Mittwoch bei der Vorlage seiner Zweitquartalszahlen mitteilte, werden nun 9 Mrd USD statt der ursprünglich angekündigten 8 Mrd USD angepeilt.
Hintergrund sind größer als erwartete Einsparungen im nordamerikanischen Automobilgeschäft. Hier sollen 2006 6 Mrd USD Kosten statt der ursprünglich geplanten 5 Mrd USD eingespart werden. GM-CEO und -Chairman Rick Wagoner verwies in diesem Zusammenhang auf das über den Erwartungen liegende Abfindungsprogramm, mit dem Mitarbeiter freiwillig aus dem Unternehmen ausscheiden können, und andere Kostensenkungsprogramme.
Wagoner bezeichnete die Umsetzung des Restrukturierungsplans im ersten Halbjahr als "solide". Bei GM Nordamerika seien Kostenverbesserungen vor Sonderposten von mehr als 2 Mrd USD erzielt worden. Im laufenden zweiten Halbjahr werden sich die Kostensenkungen noch deutlicher auf der Ergebnisseite zeigen.
-Von Michael Baron, Dow Jones Newswires, +49 (0)69 - 29725 111,
unternehmen.de@dowjones.com
DJG/DJN/abe/mim
26.07.2006 15:02
GlaxoSmithKline hebt Ergebnisprognose 2006 an
LONDON (Dow Jones)--Die GlaxoSmithKline plc, (Nachrichten/Aktienkurs) London, hebt ihre Prognose für das Ergebniswachstum je Aktie 2006 auf rund 12% an. Der Konzern habe ein weiteres erfolgreiches Quartal mit einem Pharmaumsatzwachstum von 10% abgeschlossen, was ihm ermögliche, die Wachstumsprognose anzuheben, sagte CEO JP Garnier am Mittwoch laut Pressemitteilung.
Die Pipeline mache gute Fortschritte und "wir haben gerade erst außerordentliche Daten über die Wirksamkeit unseres Impfmittels gegen eine H5N1-Pandemie erhalten", so Garnier weiter. Dies sei ein Meilenstein in der Entwicklung des Impfstoffs.
DJG/ssu/mim
26.07.2006 14:38
Aktien NYSE/NASDAQ Ausblick: Knapp behauptet erwartet - Amazon sehr schwach
Die US-Börsen werden am Mittwoch voraussichtlich mit einem hauchdünnen Minus starten. Darauf deuten die vorbörslichen Indikatoren. Vor dem offiziellen Börsenstart gab es bereits viel Bewegung am Markt, da eine Reihe Unternehmen ihre Daten veröffentlicht hat. Der Future auf den S&P-500-Index <INX.IND> verlor gegen 14.20 Uhr um 0,09 Prozent auf 1.270,30 Punkte. Der Index hatte am Vortag 0,63 Prozent bei 1.268,88 Punkte zugelegt. Der Future auf den NASDAQ-100-Index <NDX.X.IND> <NDX.X.NQI> verlor 0,08 Prozent auf 1.491,00 Punkte, nach einem Vortagsschluss von plus 0,48 Prozent auf 1.489,52 Punkte.
Aktien von Boeing <BA.NYS> <BCO.ETR> (Nachrichten/Aktienkurs) gaben nach Zahlen und Ausblick vorbörslich um 1,19 Prozent auf 82,75 US-Dollar nach. Der amerikanische Flugzeughersteller hat zwar die Umsatz- und Gewinnprognose für das kommende Jahr erhöht, für 2006 aber den Ausblick für den Gewinn je Aktie (EPS) gesenkt.
Die Titel von Amazon.com <AMZN.NAS> <AMZ.FSE> (Nachrichten/Aktienkurs) brachen im vorbörslichen Handel um 12,77 Prozent auf 29,30 US-Dollar ein. Der Online-Einzelhändler hat im zweiten Quartal wegen hoher Technologie-Ausgaben einen Gewinneinbruch erlitten und die Markterwartungen verfehlt.
Nach oben ging es für General-Motors-Aktien (GM) <GM.NYS> <GMC.FSE> (Nachrichten/Aktienkurs) mit einem Plus von 5,35 Prozent auf 32,30 US-Dollar. Der weltgrößte Autobauer verließ im zweiten Quartal vor Sonderposten die Verlustzone und steigerte seine Umsätze.
Profitieren konnten auch Sun Microsystems <SUNW.NAS> <SSY.FSE> (Nachrichten/Aktienkurs). Die Aktien stiegen bereits vorbörslich um 2,69 Prozent auf 4,09 Dollar. Der angeschlagene amerikanische Computerkonzern hat im vierten Quartal einen Verlust eingefahren; Sun Micro-Chef Jonathan Schwartz sieht sein Unternehmen aber auf Kurs, wieder zu Wachstum und Gewinn zu kommen./mw/sc
AXC0133 2006-07-26/14:33
Wall Street News Alert: TGLE, Thursday's Stock on the Move! July 27, 2006 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Jul 27, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Titan Global Entertainment Incorporated (PINKSHEETS: TGLE), Lucent Technologies (NYSE: LU), Texas Instruments Incorporated (NYSE: TXN) and The Walt Disney Company (NYSE: DIS).
Once again, Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) has issued another press release which may have aggressive investors attention! Yesterday after the stock markets closed, the company issued a new press release announcing that it has entered a private label marketing agreement with INSYSTCOM to offer "Titan Universe" to Resorts & Hotels.
The company's massive number of recent press releases may be beginning to attract the interest of investors! INSYSTCOM currently provides Video-on-Demand to resorts and hotels through its trademarked products SeaLynx(TM) and ResortLynx(TM). INSYSTCOM delivers its content through Service-Enabling Architecture, to support the "Triple play" services of video, voice, and data. The unprecedented capabilities of INSYSTCOM's hardware and software components come together to finally offer property owners the throughput, power and control that they truly need to deploy Triple Play successfully.
Continue to watch this company! Titan will provide INSYSTCOM a private label portal that will consist of all the content and merchandise within the "Titan Universe." Through its relationship with Titan, INSYSTCOM can now offer its clients a technology that provides access to streaming audio, pod casts and streaming video. In addition, the "Titan Universe" technology offers resort and hotel guests the ability to buy music, videos, games and books through a single web portal.
Titan Global Entertainment, Inc is a multi-faceted entertainment company that specializes in audio and video digital distribution through its state-of-the-art web portal -- TitanTunes.com, the design, production and sale of four multi-media players (The Omni), traditional record production and marketing through Universal Music Group distribution, television, publishing and artist management. Titan is dedicated to supplying new emerging technologies for music to talented artists of various backgrounds on the worldwide web.
Insystcom, Inc. provides interactive entertainment and communication solutions to the luxury resort, hotel and timeshare markets. ResortLynx delivers Video on Demand at MPEG2 and MPEG4 encoded rates, high-speed Internet access (HSIA) to the room/suite TV screen, WiFi to the guest Notebook and Mobile TV to cell phones, PDAs and Pocket PCs. The use of ADSL as transport for ResortLynx allows high video data rates combined with ease of installation since existing telephone cabling is used. The use of ResortLynx in thousands of suites & rooms prove the success of this unique technology combination.
Lucent Technologies (NYSE: LU) up 0.4% on 51.6 million shares traded.
Lucent designs and delivers the systems, services and software that drive next-generation communications networks.
Texas Instruments Incorporated (NYSE: TXN) up 1.7% on 17.3 million shares traded.
Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers' real world signal processing requirements.
The Walt Disney Company (NYSE: DIS) down 0.4% on 8.1 million shares traded.
Commentary:
"Oil prices finished slightly higher on yesterday, with no let down in the Middle East conflict and after U.S. government data showed a large drop in gasoline supplies. Light sweet crude for September delivery rose 19 cents to settle at $73.94 on the New York Mercantile Exchange, where gasoline futures climbed more than a penny to settle at $2.2962 a gallon," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
Aldila, Inc.
27.07.06 22:00 Uhr
13,92 USD
-45,88 % [-11,80]
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Börse
NASDAQ
Aktuell
13,92 USD
Zeit
27.07.06 22:00
Diff. Vortag
-45,88 %
Tages-Vol.
19,76 Mio.
Gehandelte Stück
1,4 Mio.
Aldila Announces Results for Second Quarter 2006
POWAY, CA, Jul 26, 2006 (MARKET WIRE via COMTEX) -- Aldila, Inc. (NASDAQ: ALDA) announced today net sales of $17.4 million for the three months ended June 30, 2006 and net income of $2.7 million ($0.47 fully diluted per share). In the comparable 2005 second quarter, the Company had net sales of $21.8 million and net income of $3.6 million ($0.66 fully diluted per share). For the six months ended June 30, 2006, net sales decreased by $1.5 million to $38.2 million from the same period in 2005, and net income of $7.0 million remained the same as compared to the same period in 2005.
"In our second quarter 2006, sales of golf and related products were 25% lower than in the comparable quarter of 2005," said Mr. Peter R. Mathewson, Chairman of the Board and CEO. "Sales of composite prepreg materials in the second quarter of 2006 were up 28% as compared to the 2005 period and represented 15% of consolidated sales in the current quarter. The average selling price of golf shafts decreased 9% quarter on quarter on a 21% decrease in unit sales. Branded golf shaft sales decreased 30% and co-branded sales decreased by 34% versus the 2005 second quarter, and together represented 53% of our golf shaft sales in the current quarter as compared to 56% in the comparable quarter last year. Lower average selling prices for golf shafts sold along with a charge for certain non-branded shaft products totaling $380,000 for inventory reserves and sales returns affected our gross margin, which decreased to 36% for the second quarter of 2006 as compared to 37% in the second quarter of 2005. The Company's backlog of sales orders at June 30, 2006 of $9.4 million was lower than the $12.7 million at June 30, 2005," Mr. Mathewson said.
"Our decline in results in the second quarter 2006 versus the second quarter 2005 was attributed to a general lack of new club programs in the golf club market, which resulted in a slowing of our branded sales. Customers indicate several new programs are slated to begin in the late third and fourth quarters of this year, and we believe our OEM customers have slowed their order rate to manage inventories on older product lines. Two of the largest golf club companies are offering one of the most aggressive promotions in recent memory, buy a driver and receive a fairway wood at no charge. This is a sign of a lackluster golf equipment market. NV(TM) shaft sales appear to have peaked, and their sales are likely to decline over time as new products enter the market place. We are optimistic that our VS Proto(TM) 'ByYou' wood shaft and hybrid shaft will help make up the decline in NV(TM) sales. Several of our OEM customers have signed on for programs using this new shaft which has a selling price higher than our NV(TM) shafts. We believe production and sales of these new shafts will increase in the second half of the year. While our sales and our backlog for second quarter 2006 are below levels from last year, our six month sales numbers are only slightly below 2005 and we are pleased with the new programs developing for the second half of the year and the sales potential of our VS Proto(TM) 'ByYou' wood and hybrid shaft model. We believe the use of branded shafts in drivers, fairway woods and hybrids will continue and Aldila will remain a strong force in the branded shaft market," said Mr. Mathewson.
"Our numbers continue to increase on Tour. The Aldila NV(TM) and VS Proto(TM) 'ByYou' shafts are leading shafts on the PGA and Nationwide Tours. Players using the new VS Proto(TM) have won several tournaments in the first half of 2006, including the 2006 U.S. Open. PGA Tour Professionals have won nearly $15,000,000 during 2006 using drivers featuring Aldila shafts. On the Nationwide Tour, Aldila remains the leading wood and hybrid shaft manufacturer, some weeks having nearly three times as many hybrid shafts in play as compared to our nearest competitor. Aldila shafts remain the top choice at the club professional level as well. During the recent PGA Club Professional Championship, Aldila was the leading wood and hybrid shaft in play. This success on Tour has continued to spur demand for the NV(TM) and NVS wood and hybrid shafts in the market. The Aldila NV(TM) remains the leading shaft sold through major OEMs in their custom upgrade and stock custom offerings. Our market success was underscored in the recently completed Darrell Sun Belt Consumer Survey where Aldila was the overwhelming favorite shaft brand by two to one over our nearest competitor for use in new drivers, hybrid clubs and fairway woods," Mr. Mathewson said.
"Sales of prepreg composite material continued to grow with a 28% increase in sales versus the second quarter of 2005. Our new resin filmer is now fully operational and our sixth prepreg tape line is scheduled to be installed and operational in the fourth quarter of this year which will increase our production capacity," Mr. Mathewson said.
"In our hockey business, we are focusing on strengthening Mission/Itech's pro service business as we both believe this will benefit their retail sales efforts. Plans are being implemented to allow for rapid prototyping of NHL player custom stick orders. Our hockey sales in the quarter were up 93% versus the comparable quarter last year and we feel good about our prospects going forward," Mr. Mathewson said.
"Carbon Fiber Technology LLC ("CFT"), our joint venture carbon fiber plant, is running smoothly at this time and some of the nagging operating issues have been resolved and we are looking for an increasing level of production. We have an initiative in process to establish additional raw material precursor sources with better quality for the future. Global carbon fiber is still in short supply," said Mr. Mathewson.
"Our Vietnam venture is progressing well and on schedule, targeted for operation in the first quarter of 2007," Mr. Mathewson said.
QuestAir Receives Final Order from ExxonMobil Research and Engineering for Refinery Demonstration
VANCOUVER, BRITISH COLUMBIA, Jul 28, 2006 (CCNMatthews via COMTEX) -- QuestAir Technologies Inc. (TSX:QAR)(AIM:QAR) ("QuestAir" or the "Company") announced today that it has received a CDN $2.2 million purchase order from ExxonMobil to complete construction of a prototype hydrogen purifier to be demonstrated at an ExxonMobil refinery.
QuestAir has been working with ExxonMobil Research and Engineering since 2003 to develop a large capacity pressure swing adsorption ("PSA") system for use in oil refineries and petrochemical plants. The order announced today covers the supply of QuestAir's proprietary PSA system as part of the prototype plant. In December 2005, QuestAir received initial purchase orders totalling CDN $1.8 million towards the prototype plant construction.
About QuestAir Technologies Inc.
QuestAir Technologies Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refueling stations. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol "QAR".
BUYINS.NET: CTRN, DPM, HDTV, IMCO, IOC, LR Have Been Removed From Naked Short List Today
Jul 28, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Citi Trends, Inc. (NASDAQ: CTRN), D C P Midstream Partners (NYSE: DPM), SpatiaLight, Inc. (NASDAQ: HDTV), IMPCO Technologies, Inc (NASDAQ: IMCO), InterOil Corporation (AMEX: IOC), Lafarge S.A. (NYSE: LR)
Citi Trends, Inc. (NASDAQ: CTRN) operates as a retailer of urban fashion apparel and accessories in the United States. It offers various apparel, including dresses, sportswear, and plus-sized offerings for men and women; and offerings for infants, toddlers, boys, and girls. The company also offers accessories, such as intimate apparel, handbags, hats, jewelry, footwear, toys, belts, and sleepwear, as well as an assortment of home decor, which includes giftware, lamps, pictures, mirrors, and figurines. As of May 18, 2006, Citi Trends operated 253 stores in urban and rural markets in 16 states. The company was founded in 1946 and is headquartered in Savannah, Georgia. With 13.49 million shares outstanding and 1.9 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of CTRN.
D C P Midstream Partners (NYSE: DPM) engages in gathering, compressing, treating, processing, transporting, and selling natural gas, as well as in transporting and selling natural gas liquids. The partnership operates in two segments, Natural Gas Services and NGL Logistics. The Natural Gas Services segment comprises North Louisiana system, which is an approximately 1,430-mile integrated pipeline system located in northern Louisiana and southern Arkansas. The system gathers, compresses, treats, processes, transports, and sells natural gas received from approximately 1,100 receipt points, as well as sells natural gas liquids. The NGL Logistics segment consists of Seabreeze pipeline, which is an approximately 68 mile intrastate natural gas liquid pipeline along the Gulf Coast area of southeastern Texas. The pipeline transports mixed natural gas liquids from natural gas processing plants to fractionation facilities; a petrochemical plant; and an underground natural gas liquid storage facility. This segment's operations also comprise an interest in the Black Lake FERC-regulated interstate natural gas liquid pipeline located in northern Louisiana and southeastern Texas. DCP Midstream GP, LP serves as the general partner of the partnership. DCP Midstream Partners was founded in 2005 and is based in Denver, Colorado. With 17.5 million shares outstanding and 80,182 shares declared short as of June 2006, there is no longer a failure to deliver in shares of DPM.
SpatiaLight, Inc. (NASDAQ: HDTV) engages in the manufacture and sale of high-resolution liquid crystal on silicon microdisplays. Its products include microdisplays and systems that support microdisplays. These products provide high-resolution images suitable for high definition televisions, rear projection computer monitors, and video projectors, as well as for various applications in wireless communication devices, portable games, and digital assistants. The company's customers primarily include original equipment manufacturers of high definition televisions and light engines for incorporation into high definition televisions. SpatiaLight operates primarily in South Korea, the People's Republic of China, Japan, and Taiwan. SpatiaLight was founded in 1989 and is headquartered in Novato, California. With 39.95 million shares outstanding and 4.5 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of HDTV.
IMPCO Technologies, Inc (NASDAQ: IMCO) engages in the design, manufacture, and supply of alternative fuel products and systems to the transportation, industrial, and power generation industries. Its components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas used in internal combustion engines. The company's products include gaseous fuel regulators, fuel shut-off valves, fuel delivery systems, engine systems, and electronic controls for use in internal combustion engines. In addition, IMPCO Technologies designs, assembles, and markets ancillary components required for systems operation on alternative fuels. The company sells products through a network of distributors and dealers, and through a sales force that develops sales with original equipment manufacturers and end-users worldwide. Its customers primarily comprise automobile manufacturers, taxi companies, transit and shuttle bus companies, and delivery fleets. The company, formerly known as Imperial Machine Products Company, was founded by Herbert V. Hills and Richard Baverstock in 1958 and changed its name to IMPCO Technologies, Inc. IMPCO is headquartered in Cerritos, California. With 29.21 million shares outstanding and 1.27 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of IMCO.
InterOil Corporation (AMEX: IOC) through its subsidiaries, develops a vertically-integrated energy company in Papua New Guinea. InterOil conducts its operations through three segments: Exploration and Production, Refining and Marketing, and Wholesale and Retail Distribution. The Exploration and Production segment engages in the exploration and production of crude oil and natural gas. It owns four exploration licenses and two retention licenses in Papua New Guinea covering approximately eight million acres. The Refining and Marketing segment operations include the refining of crude oil and the marketing of refined products. The Wholesales and Retail Distribution segment engages in the bulk storage, transportation, distribution, wholesaling, and retailing of refined petroleum products in Papua New Guinea. It distributes diesel, jet fuel, gasoline, and fuel oil, as well as commercial and industrial lubricants, such as engine and hydraulic oils. InterOil was founded in 1990 and is based in Cairns, Australia. With 29.2 million shares outstanding and 4.73 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of IOC.
Lafarge S.A. (NYSE: LR) produces various materials for the construction industry. The company operates through four segments: Cement, Aggregates and Concrete, Roofing, and Gypsum. The Cement segment engages in the production and sale of a range of cement and hydraulic binders for the construction industry. The Aggregates and Concrete segment produces and sells aggregates, ready mix concrete, concrete, and other products and services related to paving activities. The Roofing segment offers roof tiles, roofing accessories, and chimney systems. The Gypsum segment manufactures and sells drywall for the commercial and residential construction sectors. Lafarge serves concrete producers, precast concrete product manufacturers, asphalt producers, contractors, builders, municipal authorities, and masons, as well as building materials wholesalers, wallboard specialty dealers, and lumber yards worldwide. The company has joint venture with Cementos Molins; MonierLifetile; Boral Limited; Dalsan Insaat; Comex; and Lafarge Shui On. Lafarge, formerly known as J. et A. Pavin de Lafarge, was founded in 1833 and is headquartered in Paris, France. With 696.8 million shares outstanding and 276,460 shares declared short as of June 2006, there is no longer a failure to deliver in shares of LR.
China Natural Gas to Report Second Quarter 2006 Financial Results on August 3, 2006
NEW YORK, Jul 28, 2006 (BUSINESS WIRE) -- China Natural Gas Inc. (OTCBB:CHNG, website: www.naturalgaschina.com) announced today that it will report its financial results for the second quarter ended June 30, 2006 on Thursday, August 3, 2006 before the U.S. markets open.
The management team will host its first earnings conference call on the same day at 8:30 am Eastern Time (Beijing/Hong Kong Time: 8:30 pm, August 3, 2006). Chairman and Chief Executive Officer Charles Qinan Ji and Chief Financial Officer Xiaogang Zhu will be on the call to discuss the quarterly results and highlights, and answer questions.
Interested parties may participate in the conference call by dialing 800-218-0713 (international: 303-262-2138), 10-15 minutes prior to the initiation of the call. A replay of the call will be available by dialing 800-405-2236 (international 303-590-3000), and entering passcode 11067467#. The replay will be available through August 17, 2006.
The conference call will be available on webcast live and available for replay at the company's corporate web site at www.naturalgaschina.com for 90 days About China Natural Gas, Inc.
China Natural Gas, Inc., ("CHNG"), a Delaware company, is the first China based US public natural gas services provider that owns and operates a 120 kilometer long compressed natural gas pipeline in China's Xi'An area, a fast growing Chinese city supported by a population of 7 million and is the "gateway" to the broad Western regions of China. CHNG has three profitable business segments: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations. The city of Xi'An has approximately 20,000 Taxis, 3,000 buses and 2,000 special purpose vehicles that are powered by compressed natural gas. Approximately 8.6% of the company's shares are owned by Bodisen Biotech, Inc. (AMEX: BBC)
SOURCE: China Natural Gas Inc.
CONTACT: The Piacente Group, Inc
28.07.2006 20:23
Presse: FIB durchsucht Büro des CEO von Bristol-Myers Squibb
New York (aktiencheck.de AG) - Das Federal Bureau of Investigation (FBI) hat das Büro von Peter Dolan, CEO des US-Pharmakonzerns Bristol-Myers Squibb Co. (ISIN US1101221083 (Nachrichten/Aktienkurs)/ WKN 850501), durchsucht.
Dies berichtet das "Wall Street Journal" unter Berufung auf gut informierte Kreise. Die Bundesbeamten haben nach der Durchsuchung des Büros in Manhattan am Mittwoch Dokumente beschlagnahmt. Das Unternehmen äußerte sich nicht zu den Vorkommnissen.
Die Beamten untersuchen den geplanten Vergleich im Patentrechtsverfahren zwischen Bristol-Myers, der französischen Sanofi-Aventis S.A. (ISIN FR0000120578 (Nachrichten/Aktienkurs)/ WKN 920657) und dem Generikahersteller Apotex. Die Unternehmen hatten sich im März geeinigt, ihren Patentschutzstreit um "Plavix" beizulegen. Das Blutverdünnungsmedikament von Sanofi wird in den USA von Bristol-Myers vertrieben.
Apotex hatte gegen Sanofi auf die Ungültigkeit des Patents für Plavix geklagt, um das Produkt als generische Version auf den Markt bringen zu können. Anfang des Jahres hatte die US-Arzneimittelzulassungsbehörde FDA bereits die generische Apotex-Version von Plavix genehmigt, für das der Patentschutz 2011 ausläuft. Der Vergleich sieht vor, dass Apotex bereits einige Monate vor Ablauf des Patents mit dem Vertrieb des Nachahmerprodukts beginnen kann. Zudem zahlen Bristol-Myers und Sanofi einen nicht näher bezifferten Betrag an Apotex.
Die Aktie von Bristol-Myers Squibb gewinnt in New York derzeit 2,25 Prozent auf 24,58 Dollar. Sanofi-Aventis schloss in Paris bei 74,70 Euro (-1,06 Prozent). (28.07.2006/ac/n/a)
Genitope Corporation
28.07.06 21:38 Uhr
2,99 USD
-46,42 % [-2,59]
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Börse
NASDAQ
Aktuell
2,99 USD
Zeit
28.07.06 21:39
Diff. Vortag
-46,42 %
Tages-Vol.
19,43 Mio.
Gehandelte Stück
6,9 Mio.
Data Safety Monitoring Board Recommends Continuation of MyVax(R) Personalized Immunotherapy Phase 3 Trial After Second Interim Analysis Conference Call to be Held Friday, July 28 at 9:00 AM EDT
REDWOOD CITY, Calif., July 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Genitope Corporation (Nasdaq: GTOP) today announced that its independent Data Safety Monitoring Board (DSMB) reviewed the second planned interim analysis of data for efficacy in its pivotal Phase 3 clinical trial for treatment of follicular non-Hodgkin\'s Lymphoma (fNHL) and recommended that the trial continue as planned. The clinical trial will be completed by December 2007.
This trial evaluates the safety and efficacy of the company\'s lead product candidate, MyVax(R) personalized immunotherapy, in patients with previously untreated fNHL. The trial compares patients treated with MyVax(R) personalized immunotherapy to patients treated with a nonspecific immunotherapy control.
The company will hold a conference call Friday, July 28, 2006 at 9:00 AM EDT. The dial-in number for U.S. and Canada is 866-770-7146 (passcode 93670350). The international dial-in is 617-213-8068 (passcode 93670350). The call can also be accessed in a listen-only mode on Genitope Corporation\'s Web site at www.genitope.com . The Web cast will be archived for 30 days About Genitope Corporation
Genitope Corporation (Redwood City, Calif.) is a biotechnology company focused on the research and development of novel immunotherapies for the treatment of cancer. Genitope Corporation\'s lead product candidate, MyVax(R) personalized immunotherapy, is a patient-specific active immunotherapy based on the unique genetic makeup of a patient\'s tumor and is designed to activate the patient\'s immune system to identify and attack cancer cells. For more information on the company, please log on to http://www.genitope.com Forward-Looking Statements
Intel Corporation
28.07.06 22:00 Uhr
18,18 USD
+4,06 % [+0,71]
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Börse
NASDAQ
Aktuell
18,18 USD
Zeit
28.07.06 22:00
Diff. Vortag
+4,06 %
Tages-Vol.
1,10 Mrd.
Gehandelte Stück
67 Mio.
BUYINS.NET: CREE, FUEL, GMKT, PYR, SLW, TMS Have Been Removed From Naked Short List Today
Aug 03, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Cree, Inc. (NASDAQ: CREE), Streicher Mobile Fueling, Inc. (NASDAQ: FUEL), Gmarket, Inc (NASDAQ: GMKT), PYR Energy Corporation (AMEX: PYR), Silver Wheaton Corp (NYSE: SLW), Thomson S.A (NYSE: TMS).
Cree, Inc. (NASDAQ: CREE) engages in the development, manufacture, and marketing of semiconductor materials and devices based on silicon carbide, gallium nitride, silicon, and related compounds. The company's products include blue, green, and ultraviolet (UV) light emitting diodes (LEDs); near UV lasers; radio frequency and microwave devices; and power switching devices. Its product applications include solid state illumination, optical storage, wireless infrastructure, and power switching. Cree, Inc. also produces laterally diffused metal oxide semiconductor devices made from silicon substrates. The company markets its blue, green, and near UV LED chip products principally to customers who incorporate them into packaged lamps for resale to original equipment manufacturers. It also sells silicon carbide and gallium nitride materials products primarily to corporate, government, and university research laboratories. The company markets its products in North America, Europe, and Asia. Cree, Inc. was established in 1987 and is based in Durham, North Carolina. With 77.06 million shares outstanding and 13.79 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of CREE.
Streicher Mobile Fueling, Inc. (NASDAQ: FUEL) provides petroleum product distribution services, transportation logistics, and emergency response services to the trucking, construction, utility, energy, chemical, and government services industries. Its truck fleet delivers diesel, gasoline, and alternative fuels to customers' locations on a scheduled or as needed basis, refueling vehicles and equipment, and resupplying fixed-site storage facilities. The company also engages in the packaging, distribution, and sale of petroleum products, lubricants, and chemicals to refineries, manufacturers, and other industrial customers. Its fleet of special duty tractor trailer units provides heavy and ultra heavy haul transportation logistics services over short and long distances to customers requiring the movement of over sized and/or over weight equipment, and heavy manufactured products throughout the United States and Canada. In addition, Streicher Mobile Fueling provides emergency response services, including fuel testing, treatment, filtration, and top-off services. The company offers its services in California, Florida, Georgia, Maryland, North Carolina, Pennsylvania, Tennessee, Texas, Virginia, and Washington. Streicher Mobile Fueling was founded in 1983 and is headquartered in Fort Lauderdale, Florida. With 10.49 million shares outstanding and 1.12 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of FUEL.
Gmarket, Inc. (NASDAQ: GMKT) operates a retail e-commerce marketplace in Korea Its e-commerce marketplace, gmarket.co.kr, offers buyers a selection of products and sellers various sales solutions. The products listed for sale on its Web site include apparel, beauty products, computers, electronics, child care/food products, furniture, jewelry, sporting goods, automobile accessories products, and travel/leisure products. These products are coupled with product information, including pictures, product descriptions, and customer reviews and commentary. As of April 30, 2006, the company had approximately 8.6 million registered users. The company also offers an online magazine, Shopping Webzine', where its users and other members of the Internet community could publish their reviews regarding sellers and products, and contribute general interest articles or other commentary regarding fashion and other topics. Gmarket, Inc. was founded in 2000 and is based in Seoul, South Korea. With 49.51 million shares outstanding and 812,820 shares declared short as of June 2006, there is no longer a failure to deliver in shares of GMKT.
PYR Energy Corporation (AMEX: PYR) engages in the acquisition, exploration, development, and production of crude oil and natural gas in the Rocky Mountains, Texas, and Gulf Coast regions of the United States, as well as in Canada. The company's properties include Madison prospect in the northern part of the Constitution Field, Texas; Tortuga Grande prospect in Smith County, Texas; Cotton Creek prospect in Jefferson County, Texas; Merganser prospect, which is located in Leon County, Texas; Wilburton Field in Latimer County, Oklahoma; Hansford Project in Hansford County of the Texas; Ryckman Creek Project in southwestern Wyoming; Blizzard Prospect, an exploration and exploitation program, which is located at the south end of the San Joaquin Basin; Bulldog Prospect, a 2D seismically identified natural gas and condensate prospect located adjacent to the giant Kettleman North Dome field in the San Joaquin Basin; and Wedge Prospect, a seismically identified Temblor prospect that is located northwest of the San Joaquin Basin. As of August 31, 2005, it operated approximately 45 oil and 37 Gas wells; and controlled 37,275 developed and 277,209 undeveloped acres of exploration prospects. As of the same date, the company had proved reserves of 566,024 Bbls of oil and natural gas liquids, and 3,668,000 Bbls of natural gas. The company was co-founded by D. Scott Singdahlsen. PYR Energy was incorporated under the name Mar Ventures, Inc. in 1996 and changed its name to PYR Energy Corporation in 1997. The company is based in Denver, Colorado. With 37.92 million shares outstanding and 98,975 shares declared short as of June 2006, there is no longer a failure to deliver in shares of PYR.
Silver Wheaton Corp (NYSE: SLW) engages in the silver mining business. It purchases silver from Luismin mines in Mexico and the Zinkgruvan mine in Sweden. The company was incorporated in 1994. It was formerly known as Chap Mercantile, Inc. and changed its name to Silver Wheaton Corp. in 2004. Silver Wheaton is headquartered in Vancouver, Canada. With 203.35 million shares outstanding and 2.83 million shares declared short as of June 2006, there is no longer a failure to deliver in shares of SLW.
Thomson S.A. (NYSE: TMS) provides video technologies, systems, finished products, and services to customers and professionals in the entertainment and media industries. Its Services division offers film services and DVD services, including content preparation, planning, manufacturing, and physical distribution services; storage services that comprise compression, archiving, and indexing; digital media asset management services, such as storage, manipulation, retrieval, and streaming of video and audio content; and asset rights management, anti-piracy/security solutions, and technology consulting, as well as network services that assemble video programming and/or manage distribution of video content through video networks to broadcasters, retailers, cinema exhibitors, and other enterprises. The company's Systems and Equipment division provides equipment and services for the capture and processing of video content; and for the distribution and delivery of video content, and double and triple play solutions to broadcasters and network operators. This division also distributes various products, such as studio and professional cameras, film imaging and signal processing equipment, head-end encoders/decoders, broadcast servers, routers, softswitches, set-top boxes, modems, customer premises equipment, and telephony products through retailers. Thomson's Technology division involves in corporate research; licensing of patents and trademarks; design and development of silicon components, such as integrated circuit, tuners, and remotes; and development and commercialization of software and technology solutions. Thomson, formerly known as Thomson Multimedia S.A., was founded in 1982 and is headquartered in Boulogne, France. With 257.89 million shares outstanding and 186,549 shares declared short as of June 2006, there is no longer a failure to deliver in shares of TMS.
Williams Reports Second-Quarter 2006 Financial Results - 99% Increase in Recurring Income After Mark-to-Market Adjustment - Net Income Significantly Reduced by Legacy Litigation Settlement and Charges - Company Raises Profit and Cap-Ex Guidance for 2
TULSA, Okla., Aug 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Williams (NYSE: WMB) today announced a second-quarter 2006 unaudited net loss of $76.0 million, or a loss of 13 cents per share on a diluted basis, compared with net income of $41.3 million, or 7 cents per share, for second-quarter 2005.
Results for second-quarter 2006 were significantly reduced by the after-tax impact of three legacy litigation charges totaling approximately $175 million. The combined impact of the charges on a pre-tax basis is $267.9 million.
These items include a $160.7 million pre-tax charge associated with an agreement in principle to settle securities litigation filed on behalf of purchasers of Williams' securities between 2000 and 2002; an $88.0 million pre-tax accrual, including $20 million in interest, associated with the Gulf Liquids jury verdicts this week; and a $19.2 million pre-tax loss from discontinued operations primarily related to an environmental indemnity arbitration ruling associated with a former business.
These nonrecurring charges and the effect of mark-to-market accounting obscure the company's strong performance overall. Margins for the company's natural gas liquids sales remain at historic highs and Williams continues to increase its natural gas production in the western United States.
Year-to-date through June 30, Williams reported net income of $55.9 million, or 9 cents per share on a diluted basis, compared with net income of $242.4 million, or 41 cents per share, for the first half of 2005.
Quarterly Summary Information 2Q 2006 2Q 2005
Per share amounts are reported on a per per
diluted basis millions share millions share
Income (loss) from continuing
operations ($63.9) ($0.11) $40.7 $0.07
Income (loss) from discontinued
operations ($12.1) ($0.02) $0.6 $0.00
Net income (loss) ($76.0) ($0.13) $41.3 $0.07
Recurring income from continuing
operations* $112.6 $0.19 $65.9 $0.11
After-tax mark-to-market adjustments $85.4 $0.14 $33.6 $0.06
Recurring income from continuing
operations - after mark-to-market
adjustment* $198.0 $0.33 $99.5 $0.17
Year-to-Date Summary Information YTD 2006 YTD 2005
Per share amounts are reported on a per per
diluted basis millions share millions share
Income from continuing operations $67.2 $0.11 $242.9 $0.41
Income (loss) from discontinued
operations ($11.3) ($0.02) ($0.5) $0.0
Net income $55.9 $0.09 $242.4 $0.41
Recurring income from continuing
operations* $248.5 $0.42 $264.3 $0.45
After-tax mark-to-market adjustments $106.4 $0.17 ($32.4) ($0.06)
Recurring income from continuing
operations - after mark-to-market
adjustment* $354.9 $0.59 $231.9 $0.39
Cooper Tire & Rubber Company Reports Second Quarter Results Second Quarter Highlights - Net sales increased 22 percent - Market share gains realized in all key product categories - Sales from International Tire Operations increased 124 percent - Oper
FINDLAY, Ohio, Aug 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cooper Tire & Rubber Company (NYSE: CTB) today reported consolidated net sales of $625 million for the three-month period ended June 30, 2006, up more than 22 percent compared to the same period a year ago, in spite of continuing weak demand in the replacement tire markets in North America and Europe. The increase was driven largely by the Company's acquisition of Cooper Chengshan (Shandong) Passenger Tire Co., Ltd., and Cooper Chengshan (Shandong) Tire Company, Ltd., which was finalized with an effective date of February 4, 2006, and by improved product pricing and mix. Cooper Chengshan continued to deliver solid results and added $110 million in sales during the quarter while improved pricing and mix in North America and Europe added $36 million. These increases were partially offset by the impact of continuing weak replacement tire markets and lower unit sales in North America and Europe.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO)
Extraordinarily weak replacement tire demand in the North American market and the resultant high inventories prompted the Company to reduce production during the quarter, resulting in $8 million in unabsorbed overhead expense. In addition, the Company announced the planned closure of its manufacturing facility in Athens, GA, which produced tire retread products and a relatively small number of racing tires. The Company recorded $8 million of restructuring costs in the second quarter in connection with the planned closure. Including these items (21 cents per share) and the negative impact of lower overall unit volumes and increasing raw material costs, the Company generated an operating loss of $26 million and a net loss of $21 million, or 34 cents per share.
For the six month period ended June 30, 2006, the Company recorded sales of $1.2 billion, up 19 percent compared to the same period a year ago, and generated an operating loss of $30 million and a net loss of $26 million.
North American Tire Operations
The Company's North American Tire operations continued to gain share during the quarter in a very difficult market. The Rubber Manufacturers Association (RMA) reported preliminary light vehicle replacement tire shipments were down 7 percent in the second quarter. Cooper's total light vehicle tire shipments were down approximately 5 percent. Cooper gained market share in virtually all product categories including broadline, high performance, ultra-high performance, SUV and light truck tires. Importantly, strong market share gains were in the Cooper brand product lines, contributing to an improved product mix. Year-over-year increases in premium product sales such as SUV and performance tires also contributed to the positive mix change. Unit sales of SUV tires increased by 2 percent and unit sales of high performance and ultra-high performance tires increased by more than 14 percent during the quarter.
In total, Cooper's North American Tire operations reported sales of $463 million in the second quarter of 2006, up 1 percent compared to sales in the second quarter of 2005. This increase is attributable to improved pricing and mix, offset by lower unit sales.
Operating results for the North American Tire operations declined year over year as a result of several key operating factors. In addition to the $8 million in restructuring charges for the Athens, GA plant closure and the $8 million in unabsorbed overhead from temporary plant shutdowns to reduce inventory, lower unit sales reduced operating profit by $7 million. Higher commodity prices further reduced operating profit by $27 million. These were partially offset by $21 million in improved pricing.
In total, North American Tire operations generated an operating loss of $30 million in the second quarter and $36 million in the first six months of 2006.
Wall Street: Schwäche wegen Zinssorgen
Die US-Börsen haben den Donnerstag mit Verlusten begonnen. Zinsanhebungen in Übersee und durchwachsene Einzelhandelsdaten machen dem Markt zu schaffen. Kurz nach der Glocke verliert der Dow-Jones-Index 45 Zähler, die Nasdaq gibt um 17 Punkte nach.
In der anhaltenden Diskussion um die Stabilität der US-Wirtschaft steht zum Wochenschluss der Arbeitsmarkt im Vordergrund. Einen Tag vor dem großen Juli-Bericht werden am Donnerstag die Erstanträge auf Arbeitslosigkeit etwas höher gemeldet als erwaret. 315 000 Amerikaner haben in der letzten Woche erstmals beim Staat die Hand aufgehalten, der Vier-Wochen-Durchschnitt ist im letzten Monat gestiegen und signalisiert damit ebenfalls nachlassendes Stellenwachstum.
In die Zinspolitik der Notenbank werden aber nicht nur Wirtschaftswachstum und Arbeitsmarkt eingerechnet, sondern auch die jüngsten Inflationsdaten. Wichtig dabei bleibt der Ölpreis, der am Donnerstag etwas nachlässt. Der Tropensturm Chris über der Karibik scheint doch nicht zum Hurrikan zu werden, sondern sich vielmehr aufzulösen. Damit sind die Öl-Anlagen im Golf von Mexiko weniger gefährdet, und der Rohstoff fällt umgehend auf 75,38 Dollar pro Fass.
Aus dem US-Einzelhandel kommen für den Juli höchst gemischte Zahlen: Der Branchenriese Wal-Mart blickt wie erwartet auf ein Umsatzplus von 2,4 Prozent für die vergangenen vier Wochen, womit man am oberen Ende der Erwartungen abschneidet. Ebenfalls besser als erwartet steht auch Konkurrent J.C. Penney da, wo man auf ein Umsatzwachstum von 4,9 Prozent blickt.
Nicht zufrieden sind Anleger mit einem Umsatzwachstum um 3,1 Prozent bei Target, wo man 3,9 Prozent erwaret hatte.
Richtig schwach schneiden indes einige Modeketten ab. The Gap patzt einerseits mit Quartalszahlen, und schiebt das Ganze auf nachlassende Geschäfte bei der Kette Old Navy. Zudem blickt man auf einen Umsatzeinbruch um 4 Prozent für Juni. Beim Bademodenladen Pacific Sunwear fielen die Umsätze trotz Sommer um 10,2 Prozent, American Eagle Outfitters findet die eigenen Zahlen gut, verfehlt aber die Erwartungen der Wall Street. Der Gothic-Ausstatter Hot Topic schnitt gleich so schwach ab, das man für das ganze Quartal warnt.
Die Kaffeekette Starbucks verfolgt weiter einen aggressiven Wachstumskurs, nur scheint der Kunde nicht im gleichen Tempo mitzuziehen. Dank der Eröffnung zahlreicher neuer Filialen bilanziert das Management zwar ein Umsatzplus von 23 Prozent und ein Gewinnwachstum um 16 Prozent auf 145 Millionen Dollar oder 17 Cent pro Aktie. Damit werden die Erwartungen der Wall Street getroffen. Der Umsatz in etablierten Läden indes kletterte nur um 6 Prozent und damit langsamer als in der Vergangenheit, was die Aktie im frühen Handel 12 Prozent kostet.
Den dritten Tag in Folge steht am Donnerstag die Automobilbranche im Vordergrund: Nach schwachen Umsatzzahlen und der Erkenntnis, dass Toyota den US-Riesen Ford mit dem Juli-Ansatz erstmals überholt hat, muss Ford nun eingestehen, dass der jüngst gemeldete Quartalsverlust doppelt so hoch ist wie urwprünglich gedacht. Man blickt auf unerwartet hohe Abfindungs- und Pensionszahlungen und sieht einen Fehlbetrag von 254 Millionen Dollar oder 14 Cent pro Aktie. Ähnlich erging es vor zwei Tagen dem Marktführer General Motors, der ebenfalls wegen ursprünglich unterschätzter Kosten den Verlust nach oben revidieren musste.
Lars Halter
FOXHOLLOW TECH
03.08.06 19:59 Uhr
29,37 USD
+20,12 % [+4,92]
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Börse
NASDAQ
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1,7 Mio
www.MarketGainer.com: Administers Update for FoxHollow Technologies, Inc
Aug 03, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. FoxHollow Technologies, Inc (NASDAQ: FOXH), has gotten the attention of our research team this morning. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains that the small-cap Canadian and American exchanges offer.
FoxHollow Technologies, Inc. (Nasdaq: FOXH), which manufactures and markets the SilverHawk(TM) Plaque Excision Systems -- a minimally invasive device for the treatment of peripheral artery disease (PAD) -- today reported results for the second quarter and first half of fiscal 2006.
For the quarter ended June 30, 2006, the company reported revenue of $48.2 million, a 68 percent increase over revenue of $28.7 million in the same period a year ago. Revenue for the second quarter of 2006 included $48.0 million of product revenue and $216,000 of research collaboration revenue related to the company's partnership with Merck & Co., Inc. This compares with first quarter revenue of $44.6 million from product sales and $2.1 million in research collaboration revenue. As discussed previously, the company anticipated the decline in research collaboration revenue during the second quarter, related to the timing of patient enrollment in clinical studies.
FoxHollow reported net income of $532,000, or $0.02 per diluted share, which marks the company's first profitable quarter. The company reported a net loss of $3.4 million, or $0.15 per share, in the second quarter of 2005. Included in these results are non-cash, stock-based compensation expenses of $2.9 million, or $0.12 per share in the second quarter of 2006, and $1.9 million, or $0.08 per share, in the second quarter of 2005. Net income, excluding stock-based compensation, was $3.4 million, or $0.13 per diluted share, in the second quarter of 2006. The company reported a gross margin on product sales of 78 percent in the second quarter of 2006 versus 69 percent in the second quarter a year ago. A reconciliation of GAAP and non-GAAP operating results is provided below.
"This was a milestone quarter for FoxHollow for a number of reasons, including our first quarter of profitability on a GAAP basis. Our financial performance speaks to increased adoption of the SilverHawk and growing confidence in the medical community that plaque excision is a valuable and important addition to the treatment options for PAD," noted Dr. John Simpson, who was named chief executive officer during the second quarter.
"In addition, we realized important accomplishments in our product development programs. We have now launched the MiniHawk, a downsized version of the SilverHawk, which is designed to treat very small arteries in the lower leg and foot. These arteries can be hard to access with standard sized devices but are often very important for foot salvage, so I expect the MiniHawk to move us closer to our ultimate goal of minimizing amputations at all levels. I am also pleased to announce we have completed working prototypes of the NightHawk, a plaque excision system that includes intravascular imaging capabilities. We have used the NightHawk in experimental models with very good success and remain on track to use this product in patients by the end of the year," Dr. Simpson added.
In the second quarter, the company also initiated enrollment in its SWIFT study, which will provide third-party analysis of the six and twelve month outcomes data for a new 100 patient registry. The company also expects to begin patient enrollment in its PROOF trial during the fourth quarter. This study will randomize 400 patients with critical limb ischemia to either the SilverHawk or surgical bypass, which is currently considered the standard of care within the vascular surgery community.
Patients will be followed for five years post-procedure, with the primary study endpoint being amputation-free survival. The study will also measure ten additional endpoints, such as limb salvage, quality of life, re-intervention rates and costs.
Regarding the company's biologics group and business development activities, Duke Rohlen, the company's president of strategic operations, commented, "Our collaboration with Merck continues to go very well. The early results from Merck's plaque analysis are consistent with what was predicted based on the biopsy experience in cancer tumors that dates back decades -- that there is valuable information in the tissue taken from the diseased areas. We are hitting or exceeding our collective initial objectives and have received positive feedback from Merck on the value they are receiving from the collaboration. We also continue to have discussions regarding other potential biologics-related opportunities that do not conflict with our Merck collaboration, as well as several opportunities to acquire or license complementary device technologies."
For the first six months of 2006, FoxHollow reported revenue of $94.8 million versus revenue of $50.2 million in the same period a year ago. The company reported a net loss of $14.1 million, or $0.57 per share in the first six months of 2006, versus a net loss of $10.0 million, or $0.44 per share, in the same period a year ago. FoxHollow reported net income excluding stock- based compensation, of $3.6 million, or $0.14 per diluted share, in the first six months of 2006, versus a loss of $6.3 million, or $0.28 per share, in the first six months of 2005. A reconciliation of GAAP and non-GAAP operating results is provided below.
FoxHollow expects revenue of $53-$55 million for the third quarter of 2006, including approximately $4.0 million of revenue related to the company's biologics program. The company expects earnings per diluted share of $0.10- $0.15 for the third quarter. This includes stock-based compensation of approximately $3.0 million, or $0.11 per share. Diluted earnings per share excluding stock-based compensation, or non-GAAP earnings per diluted share, are expected to be in the range of $0.21-$0.26.
For the full year 2006, the company expects revenue of $210-$214 million, including approximately $10-$12 million in biologics revenue. The company is expecting a loss per share of $0.22-$0.07. This includes stock-based compensation of approximately $24 million, or $0.92 per share. Non-GAAP earnings per diluted share are expected to be in the range of $0.70-$0.85.
The company noted that stock-based compensation expense for both the third quarter and full year 2006 could vary significantly, depending on the price of the company's stock and future stock grant practices, as well as other factors.
SPRINT NXTEL CP
03.08.06 20:12 Uhr
17,24 USD
-14,36 % [-2,89]
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Börse
NYSE
Aktuell
17,24 USD
Zeit
03.08.06 20:12
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-14,36 %
Tages-Vol.
1,35 Mrd.
Gehandelte Stück
88 Mio.
Investor Quarterly Update: Sprint Nextel Reports Second Quarter 2006 Results
RESTON, Va., Aug 03, 2006 (BUSINESS WIRE) -- Sprint Nextel Corp. (NYSE:S)
-- Customer base expands to 51.7 million
-- Industry-leading performance in data services
-- Strong margin improvement and integration progress
-- New initiatives to enhance growth and profitability
-- Revises financial guidance
-- Announces buy-back of up to $6 billion of common stock over next 18 months
Second Quarter Highlights
Wireless (pro forma)
-- Revenues of $8.5 billion increased 8% from second quarter of 2005
-- Adjusted Operating Income* of $693 million compares to $709 million in the year-ago period. This measure was partially impacted by increased amortization expense arising from affiliate acquisitions
-- Adjusted OIBDA* of $2.94 billion increased 11% from the year-ago period
Long Distance
-- Revenues were $1.6 billion, a 5% decrease year-over-year
-- Adjusted Operating Income* of $162 million increased 12% from the year-ago period
-- Adjusted OIBDA* of $275 million was 5% above the second quarter of 2005
Sprint Nextel Corp. (NYSE:S) today reported second quarter 2006 financial results.
For the quarter, diluted earnings per share (EPS) from continuing operations were 10 cents, compared to 22 cents per share for the second quarter of 2005. The year-ago results do not include the Nextel operations or the acquired PCS affiliates and results from Local have been classified as discontinued operations in all periods presented. In the current quarter, reported earnings include 19 cents of merger-related amortization expense and 3 cents of charges for special items. The year ago period includes charges for special items of 2 cents.
For the quarter, Adjusted EPS before Amortization*, which removes the effects of special items and merger related amortization expense, increased 7% to 32 cents per share versus pro forma Adjusted EPS before Amortization* of 30 cents in the year-ago period. These results reflect growth in Adjusted Operating Income Before Depreciation and Amortization (OIBDA)* for both the Wireless and Long Distance segments and lower net interest cost, partially offset by higher Wireless segment depreciation expense.
In the current quarter, the company reported consolidated revenue of $10.0 billion, an increase of 76 percent on a reported basis and 5 percent compared to pro forma revenues in the 2005 second quarter. Consolidated Adjusted OIBDA* of $3.2 billion increased 10 percent compared to the second quarter of 2005 pro forma results. In the quarter, the company reported strong sequential and year-over-year improvements in Adjusted OIBDA Margins* in both the Wireless and Long Distance segments. Year-to-date Consolidated Free Cash Flow* provided by continuing operations was $1.6 billion.
Second quarter Long Distance revenues were again better than expected, but Wireless revenue gains from a larger subscriber base and industry-leading demand for data services were offset by an increased number of customers adopting lower priced voice service plans and lower pre-paid pricing. In the quarter, Wireless retail net subscriber additions were 708,000 on strong pre-paid but lower post-paid performance. Wireless acquisition and revenue trends are expected to cause full-year net operating revenues and Adjusted OIBDA* to be below prior targets. Financial guidance has been revised to reflect these trends and to incorporate the Nextel Partners and UbiquiTel acquisitions.
"In the second quarter, our distinctive asset mix again produced consolidated revenue growth that exceeded rates posted by the other large cap telecom service providers," said Gary Forsee, Sprint Nextel President and Chief Executive Officer. "In the period, we also had solid margin improvement, made good strides on merger and acquisition integration activities and produced strong cash flows. However, following the adoption of initiatives earlier this year to improve our customer credit mix and customer loyalty, we achieved higher quality post-paid additions in the quarter, but we did not meet our expectations on quantity. In addition, we had higher-than-anticipated migrations in our base to lower-priced service plans.
Eclipsys Corporation
03.08.06 20:08 Uhr
14,22 USD
-27,52 % [-5,40
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Börse
NASDAQ
Aktuell
14,22 USD
Zeit
03.08.06 20:08
Diff. Vortag
-27,52 %
Tages-Vol.
100,25 Mio.
Gehandelte Stück
7,4 Mio.
Eclipsys Releases Financial Results for Quarter Ended June 30, 2006
BOCA RATON, Fla., Aug 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Eclipsys Corporation(R) (Nasdaq: ECLP), The Outcomes Company(R), today released results for the quarter ended June 30, 2006.
Second-quarter Results
Revenues for the quarter ended June 30, 2006, increased $6.5 million to $102.3 million, compared to revenues of $95.9 million for the quarter ended June 30, 2005. On a GAAP basis, the second-quarter earnings were $1.1 million or $0.02 per common share on a basic and diluted basis compared to a net loss of ($2.5) million, or ($0.05) per common share on a basic and diluted basis in the second-quarter of 2005. Second-quarter 2006 earnings included the expense associated with adopting Statement of Financial Accounting Standards (SFAS) No. 123R, Share-Based Payment, which requires the expensing of stock options. The adoption of SFAS 123R resulted in second-quarter 2006 expense of $3.3 million, or $0.06 per common share on a basic and diluted basis.
The restructuring to reduce costs and redirect spending into client related functions, which we began in the first quarter, was completed in the second quarter with a charge for the period of $1.3 million, or $0.03 per common share. For comparative purposes, excluding the expense associated with SFAS 123R adoption and the restructuring charge, non-GAAP net income for the quarter was $5.8 million, or $0.11 per diluted common share compared with a net loss of ($1.8) million, or ($0.04) per common share on a basic and diluted basis in the second-quarter of 2005. For year-over-year comparisons, it should be noted that SFAS 123R was first implemented for the quarter ended March 31, 2006, and prior periods do not include its effect.
MEDTRONIC INC
03.08.06 20:37 Uhr
44,72 USD
-12,19 % [-6,21]
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Börse
NYSE
Aktuell
44,72 USD
Zeit
03.08.06 20:37
Diff. Vortag
-12,19 %
Tages-Vol.
1,49 Mrd.
Gehandelte Stück
41 Mio.
Medtronic Chief Praises CMS For Final Rule on In-patient Payments
(financialwire.net via COMTEX) -- August 3, 2006 (FinancialWire) Medtronic, Inc. (NYSE: MDT) Chairman and CEO Art Collins Wednesday commended the Centers for Medicare and Medicaid Services for requesting and responding to stakeholder input in setting its final rule on in-patient hospital payments for fiscal year 2007. Collins also observed that the final rule preserved patient access to some of the newest, most innovative medical technologies by ensuring that adequate reimbursement exists for these procedures.
Commenting on several of Medtronic's largest product lines, company officials noted that average ICD reimbursements are scheduled to decline approximately 2.7 percent; average pacemaker reimbursements are scheduled to increase approximately 1.6 percent; and average spinal product reimbursements are scheduled to increase approximately 8.0 percent. The company will continue to work collaboratively with CMS, hospitals, physicians, patients and the medical device industry association, AdvaMed, as the new reimbursement system is phased in over the next three years, and as additional reimbursement issues are addressed.
VISTEON CP
03.08.06 20:44 Uhr
8,61 USD
+26,06 % [+1,78]
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Börse
NYSE
Aktuell
8,62 USD
Zeit
03.08.06 20:45
Diff. Vortag
+26,21 %
Tages-Vol.
86,78 Mio.
Gehandelte Stück
11 Mio
bellwetherreport.com: Bellwether Report .com is following Visteon Corp
Aug 03, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of. Visteon Corp. (NYSE:VC)
Visteon is the futuristic-sounding name Ford Motor bestowed on its automotive components unit when it was spun off in 2000.
The US's #2 auto parts maker (behind GM spinoff Delphi), the company has restructured its product offerings into four primary groups: Climate Control (climate systems and powertrain cooling systems); Interior Products (cockpits, door modules, consoles); Interior Products (cockpits, door modules, consoles); Electronic Products (audio systems, driver control systems, infotainment systems); and Exterior Products (lighting).
Other offerings include chassis components and aftermarket automotive glass. Sales to former parent Ford account for 62% of sales.
Visteon Corp is up 17% after reporting a profitable second quarter!
Visteon Corp. surprised Wall Street on Tuesday by announcing a second-quarter profit. The nation's second-largest automotive supplier said the results reflected progress on its three-year turnaround plan following last year's bailout by former parent Ford Motor Co.
Net income for the April-June period was $50 million, or 39 cents per share, versus a loss of.....
Vertex Pharmaceuticals Inc to exchange common stock for convertible senior subordinated notes
Aug 04, 2006 (M2 EQUITYBITES via COMTEX) -- Vertex Pharmaceuticals Inc (Nasdaq: VRTX), a biotechnology company, declared on 3 August that three holders of its 5.75% convertible senior subordinated notes due 2011 have agreed to exchange approximately USD58.3m in aggregate principal amount of the notes for approximately 4.1m common shares.
The amount is approximately 159,000 shares more than the number of shares into which the bonds were convertible under their original terms. The company anticipates the exchanges to be completed by the close of business on 9 August 2006.
The aggregate principal amount of the 5.75% convertible senior subordinated notes due 2011 will be reduced to approximately USD59.6m with these exchanges.
Upon issuance of the common stock in exchange for the notes, Vertex will have approximately 115m common shares outstanding.
The company said that it intends to file a registration statement in August 2006 covering the resale of approximately 136,500 common shares issued in the exchanges.
(C)2006 M2 COMMUNICATIONS LTD http://www.m2.com
US $375 Million in Funding for Dong Nai 3 and Dong Nai 4 Hydropower Complex Completed Vietcombank, Techcombank, BIDV and Agribank Sign Agreement With Electricity of Vietnam (EVN) to Provide Construction Financing
LOS ANGELES, CA and HANOI, VIETNAM, Aug 04, 2006 (MARKET WIRE via COMTEX) -- Cavico Corporation (PINKSHEETS: CVCP), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, bridges, roads, mines and urban buildings throughout Vietnam and the Pacific Rim, announced today that four state owned commercial banks will provide approximately VND 6 trillion (US $375 million) to fund the Dong Nai 3 and 4 hydropower complex. Cavico was appointed by the Prime Minister (Vietnam) under regulation 797, 400, to be the contractor for tunnel works construction on both of these Hydropower Projects. Cavico estimates the value of the contract for Dong Nai 3 to be approximately US $12 million and Dong Nai 4 approximately US $26 million.
The complex (Dong Nai 3 and 4), currently under construction, is located on the river bank-borderline between the provinces of Dak Nong and Lam Dong. The Dong Nai 3 and Dong Nai 4 hydropower plants are expected to come on line with the national grid in 2009 and 2010 respectively.
The complex, with a designed capacity of 520MW, is being built by EVN and its sub-contractors at an estimated cost of $572 million.
According to Dao Van Hung, General Director of EVN, "The Dong Nai 3 and Dong Nai 4 hydroelectricity plant is designed to generate 1.7 billion KWh of electricity per year."
Hung further stated that, "Besides supplying power to the central highlands region, construction of the complex would help to improve road traffic, water way transport and boost tourism activities."
The project would also improve the living standards of ethnic minorities in the area by contributing to socio-economic development.
Inlet excavation for the tunnel works on the Dong Nai 4 project was announced by Cavico in early July.
For more information about Cavico, please refer to the company's website at: http://www.cavicovn.com.
About Cavico Corporation
Cavico (www.cavicovn.com), founded in 2000, is a major infrastructure construction, infrastructure investment, and natural resources conglomerate headquartered in Hanoi, Vietnam. The company is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, and urban community developments. One of the company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management, and facility maintenance services. Cavico's project partners often include top multi-national corporations as well as government organizations. The company currently employs more than 3,000 people.
Vietnam's transition to a market economy has generated rapid economic growth. The country's impending ascension to the World Trade Organization is likely to provide an additional boost to economic growth and a further acceleration in the country's current infrastructure construction boom. The aggressive development of Vietnam's energy, transportation, and urban infrastructure is absolutely essential to the country's ability to compete internationally, and this aggressive build-out is creating huge growth opportunities for infrastructure construction companies such as Cavico.
Powder River Announces 100% Successful Completion of First Phase of Weesatche Project
CALGARY, ALBERTA, Aug 04, 2006 (MARKET WIRE via COMTEX) -- Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed the Justen #1, Justen #2, and the Dohman #1 wells on the Weesatche project in Goliad County, Texas.
Based on the Texas Railroad Commission statewide allowable rules the wells are all producing at 500 mcf per day each for 2500 mcf per day. The production rate is expected to increase over the next few months.
This completes the first five well phase on the Weesatche project with a 100% success rate.
"We are extremely excited with the progress and success on this project, considering initial reports projected 300 mcf per day. This again proves the success of using 3D seismic on these shallow gas wells," stated Powder River Basin Gas Corp. CEO Brian Fox.
Powder River Basin Gas Corp. is scheduled to complete the 14 well program on this project by year end, as was previously announced.
Permits have been issued for the Justen #4 and the J.P. Green #2 and the Company is currently preparing these drilling sites.
A more detailed report will be published the week of August 8th, 2006.
Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.
07.08.2006 15:19
US Vorbörse: Aktien mit dem größten Orderflow
Anbei eine aktuelle Kursliste der US Aktien, die vorbörslich den größten Orderflow pro Zeiteinheit und damit das stärkste Momentum aufweisen.
http://img.godmode-trader.de/charts/8/2005/5886.gif
Sorgen um ein Leck in Alaska
Seit Jahren versuchen die Öl-Multis die Bohrrechte im Naturschutzgebiet ANWR in Alaska zu bekommen vergeblich. Hauptargument neben dem Schaden für die Umwelt ist die äußerst umstrittene Relevanz der dortigen Vorräte für den Weltmarkt. Mehr Öl soll aus Alaska also nicht kommen. Mit weniger hatte man aber auch nicht gerechnet.
Am Montag steht der Öl-Markt unter Druck, nachdem BP die Förderung in der Prudhoe Bay eingestellt hat. Das größte Fördergebiet auf amerikanischen Boden wird seit 30 Jahren bearbeitet, BP gehört zu den wichtigsten Firmen vor Ort und holt täglich 400 000 Fass aus dem Boden. Auf diese Menge, die 8 Prozent der US-Förderung und 0,5 Prozent der globalen Förderung entspricht, muss der Markt verzichten, seit BP am Wochenende Schäden an einer Pipeline entdeckt hat.
Über eine Strecke von 35 Kilometern seien die Wände der Pipeline äußerst dünn geworden, starker Rostbefall gefährde den sicheren Öl-Transport von der Nordküste Alaskas über Kanada bis in die Vereinigten Staaten. Aufgefallen sei das Problem bei Reparaturarbeiten nach einem Leck, bei dem in den letzten Tagen 4 bis 5 Fass Öl ausgelaufen sind. Die sind mittlerweile wieder aufgewischt, für eventuelle aber in jedem Fall sehr geringe Umweltschäden hat sich das Management bei der Bevölkerung von Alaska entschuldigt.
Mit den Bürgern vor Ort haben es die Öl-Firmen indes nie schwer gehabt. Nicht einmal große Unglücke wie der Untergang der ExxonValdez vor der Küste von Alaska haben der Industrie einen Image-Schaden zugefügt. Und auch die Tatsache, dass der weltgrößte Konzern bis heute keinen Schadenersatz für die Katastrophe von vor 17 Jahren gezahlt hat, kritisiert man im nördlichsten US-Bundesstaat nur ganz leise.
Denn mit den Ölfirmen kam in den Siebzigerjahren das große Geld nach Alaska. Der Bau der Pipeline machte alle vom leitenden Ingenieur bis hin zum einfachen Schweißer reich. So ist auch verständlich, warum ausgerechnet die Leute in Alaska durchaus hinter einer Fördergenehmigung in ANWR stehen. Die heimischen Elche spielen gemessen am potenziellen Geldrausch für die Bevölkerung eine untergeordnete Rolle.
In den übrigen Bundesstaaten sieht man das anders. Da sind republikanische Hardliner und Öl-Lobbyisten die einzigen, die in den Öl-Beständen von ANWR eine dringend abzubauende Resource sehen. Unabhängigen Experten sind die dortigen Vorräte zu klein, die Förderung zu kostspielig und angesichts einer mindestens zwanzigjährigen Verzögerung durch den Bau von Infrastruktur ohnehin keine Lösung aus der aktuellen Preiskrise.
Interessant hingegen, wie sich der Wegfall einer Produktionsstätte auf den Ölpreis sofort auswirkt. Das schwarze Gold klettert zum Wochenstart, die Aktie von BP Prudhoe Bay bricht um 12 Prozent ein. Dabei dürfte der Konzern die kurrzzeitigen Ausfälle locker wettmachen, wenn die Förderung in einigen Wochen weitergeht. Bis dahin könnte der Ölpreis nämlich durchaus über 80 Dollar geklettert sein, die höheren Margen würden das Unternehmen über Leck und Rost hinwegtrösten.
Lars Halter
Andrew Corporation
07.08.06 20:59 Uhr
9,53 USD
+20,79 % [+1,64]
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Börse
NASDAQ
Aktuell
9,53 USD
Zeit
07.08.06 20:59
Diff. Vortag
+20,79 %
Tages-Vol.
235,44 Mio.
Gehandelte Stück
29 Mio.
CommScope Proposes to Acquire Andrew for $9.50 Per Share In Cash; Transaction Valued at $1.7 Billion Provides Premium of Approximately 36% Over Implied Value of ADC Transaction Expected to Be Accretive to Earnings Per Share in First Year After Closin
HICKORY, N.C., Aug 07, 2006 /PRNewswire-FirstCall via COMTEX/ -- CommScope, Inc. (NYSE: CTV) announced today that it is proposing to acquire all of the outstanding shares of Andrew Corporation (Nasdaq: ANDW) for $9.50 per share in cash. CommScope's all-cash proposal represents a premium of approximately 36% over the $6.97 per share value Andrew's shareholders would receive under the existing merger agreement between Andrew and ADC Telecommunications, Inc. (Nasdaq: ADCT), based on the closing price of ADC's common stock on August 4, 2006, the last trading day before CommScope's proposal was made public. CommScope's proposal also represents a premium of approximately 20% over Andrew's per share closing price of $7.89 on August 4, 2006.
The proposal, which was unanimously approved by CommScope's Board of Directors, is valued at approximately $1.7 billion, including assumption of approximately $186 million of Andrew net debt. This represents aggregate additional consideration of approximately $404 million over the current value provided to Andrew's shareholders under the existing ADC / Andrew merger agreement. The merger is expected to be accretive to CommScope's earnings per share in the first year after closing, excluding any related special items. Assuming the timeline set forth in the proposal letter, it is anticipated that the proposed transaction would close in early 2007.
CommScope expects the combined company to be a leader in virtually every aspect of "last mile" communications: structured cabling solutions for the business enterprise, broadband cable for HFC applications and wireless communications infrastructure. In addition to the compelling strategic fit of Andrew and CommScope, the combination of the companies' respective operations is expected to result in meaningful sales, operating and cost synergies. CommScope has a strong global track record of managing its businesses to create shareholder value. Moreover, CommScope's executive management team has extensive experience in all the product areas in which Andrew currently operates. Given CommScope's manufacturing discipline and commitment to operational excellence, and based on its review of publicly available information, the Company expects to achieve annual cost savings of approximately $30 million to $50 million in the first full year after completion of the transaction and approximately $70 million to $90 million in the second full year after completion.
Hansen Natural Corporation
07.08.06 21:16 Uhr
31,55 USD
-21,61 % [-8,70]
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Hansen Natural Corporation
07.08.06 21:16 Uhr
31,53 USD
-21,66 % [-8,72]
bellwetherreport.com: Bellwether Report.com is Taking Serious Note of Hansen Natural Corporation
Aug 07, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Hansen Natural Corp. (Nasdaq: HANS)
No matter the weather, Hansen Natural always has the energy to reach for the blue sky. The company has expanded its stable of "alternative" sodas, juices, and teas to include a wide variety of energy drinks, such as the popular Monster brand. Other products made by Hansen include fruit juice, smoothies, lemonade, iced tea, and spring water -- most of which are sold under the Hansen's brand name. Hansen also is branching out with soy drinks and juices aimed at toddlers. The company sells its products to grocery chains, wholesale clubs, and distributors, primarily in the western US. CEO Rodney Sacks and vice chairman Hilton Schlosberg each own about 20% of Hansen.
Shares were down 15% after slowdown in the energy drinks market.
Hansen Natural Corp, maker of Monster brand energy drinks, on Monday reported earnings a penny short of analysts' estimates after more than a year of better-than-expected profit growth, stoking concerns about a slowdown in the fast-growing energy drinks market.
Shares plummeted 17 percent to their lowest level since April.
U.S. Equity News: NuVim Beats Second Quarter Forecast and Hansen's Profit Jumps 85% on Monster Drinks
Aug 07, 2006 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA - Consumer good industry news alert provided by U.S. Equity News. NuVim, Inc. (OTCBB: NUVM) Versus the Same Quarter Last Year, Gross Sales Increased 19%, Net Revenues up 105%, Gross Profit This Quarter 18% as a Percent of Sales versus a Negative Gross Profit Last Year, Payroll Costs Declined by 55% and Operating Losses Were Reduced by 46% NuVim, Inc., a leading provider of nutritional beverages and the only beverage that helps build the immune system, muscle flexibility and athletic performance, announced today that the 2006 second quarter showed remarkable improvement throughout the profit and loss statement versus same quarter last year. For a complete profile and CEO interview please visit http://www.smallcapvoice.com/nuvm/index.html.
Hansen Natural Corp. (Nasdaq: HANS) reported Monday that second-quarter net income rose 85%, helped by strength in its Monster Energy brand beverages, but shares plunged on concerns that the once high-flying stock could be destined for a slowdown. The drink distributor said it earned $28.2 million, or 28 cents a share, for the three months ended June 30, up from $15.2 million, or 16 cents, in the 2005 second quarter. Net sales jumped to $156 million from $85.4 million. Kroger (NYSE: KR) officials on Thursday said the company still wants a seat at the bargaining table with a group of unionized North Carolina employees who voted earlier this week to authorize a strike. About 650 unionized workers at about 19 North Carolina Kroger stores -- including several in Raleigh and Durham -- voted Monday and Tuesday to authorize a strike if contract demands are not met. TOFUTTI BRANDS INC. (Amex: TOF) today announced its results for the thirteen week period ended April 1, 2006. Net sales for the thirteen weeks ended April 1, 2006 increased 8% to $4.6 million compared with net sales of $4.2 million for the thirteen weeks ended April 2, 2005.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal.
MYLAN LABS INC
07.08.06 21:19 Uhr
20,06 USD
-12,82 % [-2,95]
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Börse
NYSE
Aktuell
20,01 USD
Zeit
07.08.06 21:19
Diff. Vortag
-13,04 %
Tages-Vol.
317,91 Mio.
Gehandelte Stück
15 Mio.
Mylan Reaffirms Fiscal 2007 Adjusted EPS Guidance of $1.35 - $1.55 - Company Comments on Today's Trading Activity -
PITTSBURGH, Aug 07, 2006 /PRNewswire-FirstCall via COMTEX/ -- Mylan Laboratories Inc. (NYSE: MYL) today once again re-affirmed it's fiscal 2007 EPS guidance of $1.35 - $1.55, which was increased on July 26, 2006 and confirmed in a press release earlier today. The company raised the EPS guidance by approximately 12.5% on July 26 fully anticipating additional competition for its fentanyl transdermal system.
Robert J. Coury, Mylan's Vice Chairman and Chief Executive Officer commented, "We've stated many times that we factored additional fentanyl competition into our fiscal 2007 guidance, and we believe today's trading activity is a market overreaction to an additional fentanyl approval. We remain highly confident in our guidance for fiscal 2007, which represents at least a 35% increase in our earnings per share."
About Mylan Laboratories
Mylan Laboratories Inc. is a leading pharmaceutical company with three principal subsidiaries, Mylan Pharmaceuticals Inc., Mylan Technologies Inc. and UDL Laboratories, Inc., that develop, license, manufacture, market and distribute an extensive line of generic and proprietary products.
Syneron Medical Ltd.
07.08.06 21:30 Uhr
21,25 USD
+14,80 % [+2,74]
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Börse
NASDAQ
Aktuell
21,25 USD
Zeit
07.08.06 21:30
Diff. Vortag
+14,80 %
Tages-Vol.
40,92 Mio.
Gehandelte Stück
2,2 Mio.
Syneron Reports Second Quarter 2006 Financial Results Revenues Increased 37% Year-Over-Year to a Record High of $27.5 Million
YOKNEAM, ISRAEL, Aug 07, 2006 (MARKET WIRE via COMTEX) -- Syneron Medical Ltd. (NASDAQ: ELOS), an innovator in the development, marketing and sales of elos(TM) combined-energy medical aesthetic devices, today announced financial results for the second quarter ended June 30, 2006.
Revenues for the second quarter of 2006 grew 37% over the same period in 2005 from $20.1 million to a record high of $27.5 million. Net income for the second quarter of 2006 on a US GAAP basis ("GAAP") was $8.9 million, or $0.32 per diluted share, which includes stock-based compensation expense of $2.4 million, or $0.09 per diluted share. This represents an increase of 29% from $6.9 million or $0.25 per diluted share in the same period in 2005.
On a pro forma basis, exclusive of stock-based compensation, net income for the second quarter of 2006 was $11.3 million, or $0.41 per diluted share, representing growth of 22% from the same period in 2005, in which the Company recorded a net income of $9.2 million, or $0.34 per diluted share. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore feels it important to make these non-GAAP adjustments available to investors.
The non-GAAP figures for the second quarter of 2006 are exclusive of stock-based compensation expense of approximately $2.4 million and the non-GAAP results in the second quarter of 2005 are exclusive of a one-time charge related to a patent lawsuit settlement of $2.4 million. (Refer to the "Use of Non-GAAP Measures" section and accompanying financial table for reconciliation of GAAP financial information to Non-GAAP).
Revenues and net income on a US GAAP basis for the six-month period ended June 30, 2006 were $51.3 million and $17.7 million, or $0.64 per diluted share respectively. The company recorded revenues and net income of $38.6 million and $14.4 million, or $0.52 per diluted share, in the same period in 2005. On a pro forma basis, revenues and net income for the six-month period ended June 30, 2006 were $51.3 million and $17.7 million, or $0.64 per diluted share respectively.
Commenting on the results, CEO David Schlachet said, "Our second quarter results clearly demonstrate our success in strengthening the distribution network in Europe and Asia. Sales in Europe and Asia increased significantly both year-over-year, as well as sequentially. In North America, we succeeded in maintaining relatively flat revenues sequentially, despite the management transition, and we recorded a 17% growth rate year-on-year. We expect to see sequential growth in North America in the second half of 2006."
Stockguru.com: StockGuru Alerts for Tuesday, August 8, 2006 - See Which Company Signed Distribution Agreement with VertiSoft While Another Received Fast Track Designation From the FDA
Dallas, Texas, Aug 08, 2006 (M2 PRESSWIRE via COMTEX) -- StockGuru Pre-Market Updates for Tuesday include Cereplast, Inc. (OTCBB: CERP), GraphOn Corporation (OTCBB: GOJO), Chapeau Inc (OTCBB: CPEU), TrackPower Inc (OTCBB: TPWR), Bravo! Foods International Corporation (OTCBB: BRVO) and Novelos Therapeutics, Inc (OTCBB: NVLT)
Cereplast, Inc. (OTCBB: CERP) - Monday's shares remained unchanged at $1.12 per share. Total volume was 47,400 shares. This producer of proprietary bio-based resins, global packaging company MeadWestvaco Corporation (NYSE:MWV), and Solo Cup Company today announced that MeadWestvaco is completing development of a fully renewable and biodegradable (or compostable) extrusion-coated paperboard product made with Cereplast resins that Solo can manufacture into cups. This groundbreaking application will address customer interest in compostable foodservice products that are made from renewable resources. Until now, the plastic coating for laminated paper and foodservice packaging has been produced from petroleum-based resins. The Cereplast coating, with a heat resistance of 220 degrees Fahrenheit, will be used to replace petroleum-based coatings in MeadWestvaco's laminated paper products manufactured for Solo. With this breakthrough, Solo will be able to produce cups and other paper goods made from renewable resources that are suitable for composting in an industrial facility. Initial targets include the growing number of cafeterias and foodservice operations that divert their organic wastes to composting facilities. "MeadWestvaco and Solo's perseverance in working with us to achieve this milestone clearly demonstrates their commitment to extending the renewability of their paper products to coatings, creating a fully degradable option for paper foodservice and packaging solutions," said Frederic Scheer, President and CEO of Cereplast.
Cereplast, Inc. (OTCBB: CERP) - Cereplast, Inc has developed a breakthrough technology to produce proprietary bio-based resins which are used as substitutes for petroleum-based plastics in a variety of applications, including the manufacture of food service items such as utensils, plates, cups and straws. Made from renewable resources such as corn and potato starch, Cereplast resins are bio-based, biodegradable and compostable and have comparable or superior performance characteristics to conventional plastics, and are sold at prices that are competitive with plastics. http://www.cereplast.com
GraphOn Corporation (OTCBB: GOJO) - Shares gained 6.25% on Monday, trading at $.170 per share. Total volume was 35,400 shares. This leading developer of cross-platform application publishing and Web-enabling software solutions, has signed a software distribution agreement with VertiSoft, a leading provider of real estate management business software, to distribute the GO-Global family of thin-client, server-centric computing solutions throughout Mexico. GO-Global is a fast, simple and affordable solution that provides instant Web-based access to centralized Windows, UNIX and Linux applications from any location, platform and operating system. It eliminates the need to modify applications or deploy additional infrastructure such as Microsoft Windows Terminal Services (WTS) or Citrix Presentation Server. "GO-Global reduces the costs and complexities of application deployment and management," said Elias Hanan, CEO of VertiSoft. "By running applications on a secure central server, they can easily be accessed from any client platform, as though they are running locally. Security is increased and application issues can be addressed at the central location, rather than at individual user desktops."
GraphOn Corporation (OTCBB: GOJO) - For over a decade, GraphOn has been an innovator of cost-effective, advanced solutions that help customers access applications from anywhere. GraphOn's high-performance software provides fast remote access, cross-platform connectivity, and a centralized architecture delivering dramatically lower cost of ownership. The company's solutions run under Microsoft (MSFT) Windows, Linux, and UNIX, including Sun (SUNW) Solaris, IBM AIX, Hewlett-Packard (HPQ) HP-UX, and more. For further information, call 1-800-GRAPHON or visit www.graphon.com.
Chapeau Inc (OTCBB: CPEU) - Shares declined .71% on Monday Price per share fell to $1.40 and total volume was 20,610 shares. Chapeau, Inc. d/b/a BluePoint Energy, Inc. (OTC BB: CPEU) has signed a Discount Energy Purchase Agreement with the Macy's East Division of Federated Retail Holdings, Inc. (Macy's East), a wholly owned subsidiary of Federated Department Stores, Inc. (NYSE: FD). This Discount Energy Purchase Agreement is intended to serve as a master agreement with Macy's East, which operates about 190 stores in 12 states, the District of Columbia and Puerto Rico. Under this initial contract with Macy's, BluePoint Energy, Inc. will permit, engineer, and install BluePoint EnviroGen(TM) Energy Modules in the Macy's store located in Brooklyn, New York. This project will be the first amongst several installments of BluePoint's newly designed, environmentally responsible, continuous-duty combined chilling, heat and power (CCHP) modules, a result of the Company's recently announced Joint Strategic Alliance with Cummins West, Inc. This initial project represents approximately $2.3 million in project revenue to BluePoint and in excess of $7 million in revenues over the 10-year term of the agreement. A number of additional Macy's store locations have been earmarked and are undergoing pre-contract finalization, including the storied Herald Square flagship store located in New York City. These contract announcements are expected shortly. Guy A. Archbold, Chief Executive Officer of BluePoint Energy said, "We are enormously enthusiastic about this agreement. It demonstrates Macy's confidence in our state-of-the-art EnviroGen(TM) Energy Modules employing Cummins' state-of-the-art, environmentally responsible prime movers. Macy's is a historic retail operation with locations throughout the US, and we believe this presents BluePoint with a significant number of near-term opportunities."
Chapeau Inc (OTCBB: CPEU) - Chapeau, Inc. dba BluePoint Energy, Inc designs, assembles and sells packaged Combined Heat and Power and tri-generation systems with ultra-clean emissions utilizing SC-EGR(TM) proprietary technology under the trademark Lean-One. Chapeau utilizes its proprietary build, own, operate, and maintain discount energy purchase agreement financial model to provide reliable, efficient, clean and cost-effective energy solutions to the end-user. The Company trades publicly on the Over-the-Counter Bulletin Board under the ticker symbol CPEU. For more information, call 916.939.8700 or visit the Company's website at www.bluepointenergy.com.
TrackPower, Inc. (OTCBB: TPWR) - Monday's shares climbed 5.26%, trading at $.020 per share. Final volume was 251,852 shares. The Company announced Monday that the New York State Lottery has approved a temporary license to operate video gaming machines at Vernon Downs Raceway located in Vernon, New York. The facility includes a 34,000 sq ft gaming facility, a harness track and a 175 all suite hotel. Edward Tracy, CEO of TrackPower stated; "The gaming facility is one of the key components of Vernon Downs, and we are very happy to mark the completion of this process with such a compelling entertainment offering. We continue to make progress in our efforts to open Vernon Downs and remain hopeful that we can introduce this new and expanded racing venue and resort to the area in the very near future."
TrackPower Inc (OTCBB: TPWR) - TrackPower, Inc is a corporation organized in Wyoming in 1993, which currently pursues opportunities in the horse racing and gaming industries and related industries.
Bravo! Foods International Corporation (OTCBB: BRVO) - Shares declined .17% on Monday, trading at $.589 per share. Total volume was 200,162 shares. The company announced on Monday that it had begun product shipments to Mexico and Puerto Rico. In mid-July Bravo! shipped nine truckloads, or 35,640 cases of MILKY WAY(R) Slammers(R) 9-Packs, to Laredo, Texas for export to Wal-Mart's 72 Sam's Clubs locations in Mexico. The Sam's Clubs' in Mexico will initially carry the MILKY WAY(R) Slammers(R) milk products, but Bravo! anticipates increasing the number of SKUs distributed to these locations during 2007. Also outside the United States, Bravo! has begun product shipments to Puerto Rico. The Company will be utilizing the local Coca-Cola distributor in Puerto Rico to get the product to market. The company shipped approximately 3,200 cases consisting of: 1) MILKY WAY(R) Slammers(R), 2) 3 MUSKETEERS(R) Slammers, 3) Strawberry STARBURST(R) Slammers(R) Fruit and Creme Smoothies and 4) Orange STARBURST(R) Slammers(R) Fruit and Creme Smoothies to Puerto Rico. Products are expected to be sold in all retail channels. Roy Warren, Bravo! Foods International's Chief Executive Officer, commented, "We are extremely pleased to have begun shipments of our product to these new markets. We are confident that both Mexico and Puerto Rico will be excellent sell-through markets for our products." Added Mr. Warren, "Over time, we intend to add additional SKUs as well as expand our distribution locations in both Mexico and Puerto Rico."
Bravo! Foods International Corporation (OTCBB: BRVO) - Bravo! Foods International Corp. develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 United States, Great Britain and various Middle Eastern countries. Bravo!'s products are available in the United States and internationally through production agreements with regional aseptic milk processors and are currently sold under the brand name Slammers. Bravo!'s Slammers products are available nationwide, in such popular chains as: 7-Eleven, A&P, Associated Grocers, Bi-Lo, Bruno's, C/S Metro, Dutch Farms, Giant Food Stores, Jewel, Mars, Pathmark, Piggly Wiggly, Ralph's, Safeway, Sam's Club, Shaw's, ShopRite, Speedway, SuperTarget, Unified, Waldbaums, Walgreens and White Rose.Many of Bravo! Foods' Slammers lines of shelf-stable, single-serve milk drinks are co-branded through exclusive partnerships with Masterfoods, a division of Mars Incorporated, Marvel Entertainment and MD Enterprises (Moon Pie), providing superior name recognition packaged with quality, great-tasting drinks.On November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of the Slammers Masterfoods line, as well as the Company's Slim Slammers and Pro Slammers(TM) products, under a Master Distribution Agreement with Bravo!.
Novelos Therapeutics, Inc. (OTCBB: NVLT) - Monday's shares gained 17.72%, trading at $.930 per share. Final volume was 165,212 shares. This biotechnology company announced that the Food and Drug Administration (FDA) has granted Fast Track designation to NOV-002 for use in combination with first-line chemotherapy for the treatment of advanced non-small cell lung cancer (NSCLC). The FDA's Fast Track program is designed to facilitate the development and accelerate the review process for new drugs that have the potential to address a serious and unmet medical need for conditions such as advanced NSCLC. Novelos, under Fast Track, now qualifies for Rolling Review of the NOV-002 New Drug Application (NDA). The rolling NDA saves time by allowing review of NDA subsections by the FDA as they become available, rather than delaying review until all NDA components are submitted together. In addition, Fast Track status results in more frequent meetings and communication with FDA reviewers, strengthening the development program in support of NOV-002 approval. Furthermore, the NOV-002 NDA will be more likely to receive a Priority Review of six months, rather than the standard twelve months.
"Obtaining Fast Track for NOV-002 is a further validation of Novelos' development progress, as we commence a pivotal Phase 3 NSCLC trial under a SPA", said Harry Palmin, President and CEO of Novelos. "It recognizes that Novelos' clinical and non-clinical data demonstrated NOV-002's potential to address significant unmet medical need in advanced lung cancer patients."
Novelos Therapeutics, Inc. (OTCBB: NVLT) - Novelos Therapeutics, Inc (OTCBB: NVLT) was established in 1996 to commercialize two promising oxidized glutathione-based compounds, NOV-002 and NOV-205, for the treatment of cancer and hepatitis. Both compounds have completed clinical trials in humans and have been approved for use in the Russian Federation where they were developed. NOV-002, the lead compound, is designed to act as a chemoprotectant and an immunomodulator. It is marketed in Russia by Pharma BAM under the trade name Glutoxim, and has been administered to over 5,000 patients, demonstrating clinical efficacy and excellent safety. The U.S.-based Phase 1/2 clinical study of NOV-002 in combination with chemotherapy for lung cancer has been completed, with positive results. The FDA has agreed that advancing NOV-002 into a single pivotal Phase 3 study in advanced NSCLC is warranted, and this study is expected to commence in 2006. NOV-002 is also being developed to treat chemotherapy-resistant ovarian cancer and acute radiation injury. NOV-205, the second compound, is designed to act as a hepatoprotective agent with immunomodulating and antiviral activity. In Russian clinical studies in hepatitis B and C patients, NOV-205 greatly reduced or eliminated viral load and significantly improved liver function. Novelos plans to file an Investigational New Drug Application (IND) with the FDA for NOV-205 as monotherapy for hepatitis C by the end of 2005 and initiate a U.S.-based Phase 1/2 clinical study in early 2006. For additional information about Novelos please visit www.novelos.com
Williams Partners L.P. Reports Second-Quarter 2006 Financial Results * 2Q Net Income Rises on Strong Processing Margins, Record Storage Volumes * Income Reflects Strong Performance From Recently Acquired Four Corners Interest * Cash Measures to See F
TULSA, Okla., Aug 08, 2006 /PRNewswire-FirstCall via COMTEX/ -- Williams Partners L.P. (NYSE: WPZ) today announced unaudited second-quarter net income of $10.0 million, or 25 cents per limited-partner unit, compared with net income of $8.6 million during the same period in 2005. Year-to-date through June 30, Williams Partners reported net income of $22.6 million, or 60 cents per limited-partner unit, compared with $15.4 million for the first half of 2005.
Distributable cash flow for Williams Partners, its 25.1 percent interest in Four Corners and its 40 percent interest in Discovery totaled $15.7 million during the second quarter this year. That amount compares with $16.4 million during the same period in 2005. For the first six months of 2006, Williams Partners reported combined distributable cash flow of $34.2 million, up from $30.2 million for the same period in 2005.
Adjusted EBITDA for Williams Partners, its 25.1 percent interest in Four Corners and its 40 percent interest in Discovery totaled $17.6 million for the second quarter of 2006, compared with $17.2 million for the same period a year ago. Combined adjusted EBITDA for the first six months of 2006 was $37.3 million, up from $32.6 million a year ago. The slight improvement in the quarterly results reflects the benefit of historically high natural gas liquids margins and a prior-period adjustment to Four Corners' adjusted EBITDA. These increases were substantially offset by increased general and administrative expense, largely reflecting the costs associated with being a public company; higher operating and maintenance expense, driven largely by an increase in the pace of workovers undertaken to support future volumes; and the absence of a gain from cavern inventories in second-quarter 2005.
The primary drivers in the quarter-over-quarter decrease in distributable cash flow were the increased costs and expenses mentioned previously. Partially offsetting those factors was the positive effect of Discovery's increased distributable cash flow, which was driven by historically high natural gas liquids margins.
The year-over-year increase in the partnership's distributable cash flow was primarily the result of higher levels of distributable cash flow from both Four Corners and Discovery. For Four Corners, the increase largely was the result of historically high natural gas liquids margins. Four Corners also benefited from a prior-period condensate revenue adjustment. Discovery's distributable cash flow benefited significantly from incremental volumes in the first quarter that were related to natural gas temporarily stranded as a result of hurricane damage to other parties' infrastructure.
Williams Partners on June 20, 2006, completed the acquisition of a 25.1 percent interest in Williams Four Corners LLC from Williams (NYSE: WMB) for $360 million. Because Four Corners was an affiliate of Williams at the time of the acquisition, the transaction was between entities under common control. As a result, Williams Partners' consolidated financial statements and notes in the Form 10-Q have been restated to reflect the combined historical results of the partnership's investment in Four Corners throughout the periods presented. Accordingly, we have restated all historical net income, distributable cash flow and adjusted EBITDA amounts in this press release as well to reflect this change.
The Four Corners business, located in the San Juan Basin of Colorado and New Mexico, gathers approximately 37 percent of the basin's natural gas production. The assets include 3,500 miles of natural gas gathering pipeline with 6,400 receipt points; two treating plants with 750 million cubic feet of daily capacity; and 400,000 horsepower of compression.
Distributable cash flow and adjusted EBITDA are key measures of the partnership's financial performance. Definitions for distributable cash flow and adjusted EBITDA are included in the body of this press release.
About Williams Partners L.P.
Williams Partners L.P. primarily gathers, transports and processes natural gas and fractionates and stores natural gas liquids. The general partner is Williams Partners GP LLC. More information is at http://www.williamslp.com
Williams Partners' reports, filings and other public announcements might contain or incorporate by reference forward-looking statements - statements that do not directly or exclusively relate to historical facts. You typically can identify forward-looking statements by the use of forward-looking words, such as "anticipate," believe," "could," "continue," "estimate," "expect," "forecast," "may," "plan," "potential," "project," "schedule," "will" and other similar words. These statements are based on our intentions, beliefs and assumptions about future events and are subject to risks, uncertainties and other factors. Actual results could differ materially from those contemplated by the forward-looking statements. In addition to any assumptions, risks, uncertainties, and other factors referred to specifically in connection with such statements, other risks, uncertainties, and factors could cause our actual results to differ materially from the results expressed or implied in any forward-looking statements. Those risks, uncertainties and factors include, among others: Williams Partners may not have sufficient cash from operations to enable it to pay the minimum quarterly distribution following establishment of cash reserves and payment of fees and expenses, including payments to its general partner; because of the natural decline in production from existing wells and competitive factors, the success of Williams Partners' gathering and transportation businesses depends on its ability to connect new sources of natural gas supply, which is dependent on factors beyond its control; any decrease in supplies of natural gas could adversely affect Williams Partners' business and operating results; lower natural gas and oil prices could adversely affect Williams Partners' fractionation and storage businesses; Williams Partners' processing, fractionation and storage business could be affected by any decrease in the price of natural gas liquids or a change in the price of natural gas liquids relative to the price of natural gas; Williams Partners depends on certain key customers and producers for a significant portion of its revenues and supply of natural gas and natural gas liquids and the loss of any of these key customers or producers could result in a decline in its revenues and cash available to pay distributions; if third-party pipelines and other facilities interconnected to Williams Partners' pipelines and facilities become unavailable to transport natural gas and natural gas liquids or to treat natural gas, Williams Partners' revenues and cash available to pay distributions could be adversely affected; Williams Partners' future financial and operating flexibility may be adversely affected by restrictions in its indenture and by its leverage; The Williams Companies, Inc.'s credit agreement and Williams' public indentures contain financial and operating restrictions that may limit Williams Partners' access to credit; in addition, Williams Partners' ability to obtain credit in the future will be affected by Williams' credit ratings; Williams Partners' general partner and its affiliates have conflicts of interest and limited fiduciary duties, which may permit them to favor their own interest to the detriment of Williams Partners' unitholders; Williams Partners' partnership agreement limits its general partner's fiduciary duties to Williams Partner's unitholders for actions taken by the general partner that might otherwise constitute breaches of fiduciary duty; even if unitholders are dissatisfied, they cannot remove Williams Partners' general partner without its consent; unitholders may be required to pay taxes on their share of Williams Partners' income even if they do not receive any cash distributions from Williams Partners; and Williams Partners' operations are subject to operational hazards and unforeseen interruptions for which it may or may not be adequately insured. In light of these risks, uncertainties, and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. Except as required by securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors are urged to closely consider the disclosures and risk factors in our annual report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2006 and our quarterly reports on Form 10- Q available from our offices or from our website at http://www.williamslp.com
Edison International Reports Second-Quarter Financial Results
ROSEMEAD, Calif., Aug 08, 2006 (BUSINESS WIRE) -- Edison International (NYSE:EIX):
-- Edison International (NYSE:EIX) recorded earnings per common share of 54 cents in the second quarter of 2006 compared to 61 cents in 2005, down 7 cents primarily due to non-core items.
-- Excluding earnings from discontinued operations and other non-core items, core earnings per share were 55 cents in the second quarter of 2006, up one cent over the same period last year. This increase was primarily driven by improved results from the independent power business, partially offset by gains recorded in 2005 from an Edison Capital infrastructure fund investment.
Second Quarter 2006 Highlights:
-- Earnings per common share - $0.54
-- Net Income - $177 million
-- Revenue - $3.0 billion
-- Assets - $35.2 billion
-- Equity - $7.1 billion
SECOND-QUARTER EARNINGS SUMMARY
For the quarter ended June 30, 2006, Edison International recorded consolidated earnings of 54 cents per share, compared to 61 cents per share for the same period last year. Excluding earnings from discontinued operations and other non-core items, Edison International's second-quarter core earnings were 55 cents per share in 2006, compared to 54 cents per share in the same period in 2005.
"Second-quarter core earnings which include results from the 2006 General Rate Case decision were solid," commented John E. Bryson, chairman and CEO, Edison International. "The experience of the heat storm just two weeks ago demonstrated the importance of that decision in supporting our planned continued record levels of capital investment in the utility's distribution and transmission system."
08.08.2006 14:11
Playboy: Einmaleffekte belasten Ergebnis
New York (aktiencheck.de AG) - Der amerikanische Verlags- und Medienkonzern Playboy Enterprises Inc. (ISIN US7281173002/ WKN 879359) musste im zweiten Quartal aufgrund restrukturierungsbedingter Einmaleffekte einen Verlust ausweisen.
Wie der Konzern am Dienstag erklärte, lag der Nettoverlust im Berichtszeitraum bei 3,3 Mio. Dollar bzw. -10 Cents je Aktie, nach einem Nettogewinn von 4,6 Mio. Dollar bzw. 14 Cents je Aktie im Vorjahreszeitraum. Das Ergebnis beinhaltet dabei Einmalaufwendungen in Höhe von 6 Cents je Aktie. Beim Konzernumsatz musste Playboy einen Rückgang von 82,8 Mio. Dollar auf 80,5 Mio. Dollar hinnehmen. Analysten hatten zuvor einen Verlust von 10 Cents je Aktie sowie einen Umsatz von 80,37 Mio. Dollar erwartet.
Für das laufende Quartal liegen die Analystenschätzungen bei einem Gewinn von 9 Cents je Aktie sowie einem Umsatz von 81,57 Mio. Dollar.
Die Aktie von Playboy notierte zuletzt bei 9,73 Dollar. (08.08.2006/ac/n/a)
Stockguru.com: Morning Updates for Tuesday, August 8, 2006 - As One Company Announces Their Expansion While Another Announces Second Quarter Revenues
Dallas, Texas, Aug 08, 2006 (M2 PRESSWIRE via COMTEX) -- StockGuru Pre-Market Updates for Tuesday include Nano-Proprietary Inc (OTCBB: NNPP), Axcess Magnitude Information Systems Inc (OTCBB: MAGY),Global Aircraft Solutions, Inc (OTCBB: GACF), Sky Petroleum, Inc. (OTCBB: SKPI), Cimnet Inc (OTCBB: CIMK), and Who's Your Daddy, Inc. (OTCBB: WYDY) StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock. If you would like to feature your publicly traded company in our alerts or on StockGuru.com, email feature@stockguru.com or call (469)252-3031.
Nano-Proprietary Inc (OTCBB: NNPP) - Monday's shares went down 0.74% to $1.35 with a total of 159,470 shares traded. On Jul 6, 2006 -- Nano-Proprietary, Inc. announced that its Raman spectrum patents have been issued in the United States, China, and South Korea. The European filings related to this patent have been validated in France, Germany and the U.K., and we are in the final stages of the prosecution of the patent in Japan. The Raman spectrum patents cover emissions from carbon that fall within a specific range on the UV Raman band. Our research has determined that all carbon emissions suitable for use in displays fall within this range. These patents cover emissions from all forms of carbon including carbon films, carbon flakes, carbon nanotubes, etc. This patent is a basic patent with broad coverage related to the activities that are covered by the patent.
Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. Nano-Proprietary's website is www.nano-proprietary.com.
For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/NNPP.php Magnitude Information Systems Inc (OTCBB: MAGY) - Monday's shares went down 7.41% to $0.05 with a total of 42,340 shares traded. Magnitude Information Systems announced on May 8th the hiring of Edward L. Marney as CEO and President. Steven D. Rudnik, Founder, will continue as Chairman of the Board of Directors. Mr. Rudnik stated: "We are very excited about getting Ed Marney on board. His strong track record in bringing innovative technology companies to market will accelerate Magnitude's revenue and profitability plan." Previously, Mr. Marney was Vice President of Medical Manager Health Systems, a WebMD Company, responsible for their Business Intelligence product line. Mr. Marney joined the WebMD executive team through the acquisition of TouchPoint Software Corporation, a company Mr. Marney founded in 1995.
Magnitude Information Systems, Inc. (http://www.magnitude.com) is the leading developer of Human Capital Optimization Solutions for employers with computer users. ErgoEnterprise(TM), Magnitude's unique patented flagship product, delivers RSI Management and productivity enhancement benefits. ErgoEnterprise has been proven to help companies and government agencies realize measurable productivity gains, reduced workers' compensation and medical claims costs associated with employees using computers.
For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/MAGY.php Global Aircraft Solutions, Inc. (OTCBB: GACF) - Monday's shares went down 1.72% to $1.14 with a total of 81,858 shares traded. On June 21, 2006--Global Aircraft Solutions Inc. announced that its wholly owned subsidiary, Hamilton Aerospace Technologies Inc. (HAT), is proud to confirm that it has been awarded, for the fourth consecutive year, the Federal Aviation Administration (FAA) "Diamond Certificate of Excellence" for maintenance training. The Diamond Certificate of Excellence is the FAA's highest maintenance honor, designed to encourage aviation maintenance technicians and their employers to participate in initial and recurrent training programs. John Sawyer, president of Global Aircraft Solutions and Hamilton Aerospace, stated, "Although our aircraft trading and parts sales business segments continue to constitute our greatest growth opportunities, those same business opportunities are based upon the strong technological capabilities that HAT brings to our business model. In that context, it is very satisfying to receive reconfirmation from the Federal Aviation Administration that, for the fourth year in a row, we are not only meeting, but also exceeding their regulatory standards."
Global Aircraft Solutions trades in commercial jet aircraft and provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace and World Jet, both divisions of Global Aircraft Solutions, operate from adjacent facilities comprising about 35 acres located at Tucson International Airport. These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include debis AirFinance, BCI Aircraft Leasing, Q Aviation, Falcon Air Express, Jetran International, Goodrich Corp., AAR, National Jet Systems, Pemco, San Antonio Aerospace, Pegasus Aviation, Shaheen Airlines, Iraqi Airways, and Aero California.
For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/GACF.php Sky Petroleum, Inc. (OTCBB: SKPI) - Monday's shares went down 5.43% to $1.22 with a total of 172,125 shares traded. Sky Petroleum and Crescent Petroleum Company International Limited ("Crescent"), the operator of the Mubarek Field, have agreed on a second well location to be drilled to the Ilam/Mishrif reservoir. The data from the first well, H2, allowed an up-to-date assessment of the factors affecting reservoir performance in this mature field which indicated that the proposed J3 location should be reconsidered. The second well will now be drilled on the northwest of the field proximal to the K1 location. Mubarek K1 was drilled as Thamama producer (a deeper gas condensate reservoir underlying the Ilam/Mishrif) and electric log readings over the Ilam/Mishrif section indicate good oil saturated reservoir. Sky Petroleum expects the drilling of the second well, for which funding has been paid, to commence during September 2006. Timing will be conditional on when the rig, which has been contracted, is released from its current drilling obligation
Sky Petroleum, Inc., a development stage company, engages in the exploration and development of oil and gas properties in the United Arab Emirates. The company, through its indirect wholly owned subsidiary Sastaro Limited, has an agreement with Buttes Gas and Oil Co. International, Inc., under which it has the right to participate in two wells in an off-shore oil and gas project in the United Arab Emirates. The project is located in the Ilam/Mishriff reservoir of the Mubarek Field area near Abu Musa Island in the Persian Gulf. Sky Petroleum was founded in 2002. It was formerly known as The Flower Valet and changed its name to Seaside Explorations, Inc. in 2004. Later, the company changed its name to Sky Petroleum, Inc. in 2005. Sky Petroleum is based in Austin, Texas.
For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/SKPI.php Cimnet Inc (OTCBB: CIMK) - Monday's shares went down 8.03% to $1.26 per share with a total of 2,500 shares traded. On May 15, 2006--CIMNET , Inc., announced financial results for the three months ended March 31, 2006. For the three months ended March 31, 2006, CIMNET revenues increased $543,963 or 79.7% to $1,226,396 compared with $682,433 for the same three month period in 2005. Net income for the quarter ended March 31, 2006 was $253,633 equal to $.03 per basic and diluted share compared with a loss of ($133,011) or a loss of ($.02) per basic and diluted share, in the comparable period last year. For the three months ended March 31, 2006, net income included a non-cash expense of $132,300 for stock based compensation. In addition, the Company recognized an income tax benefit of $299,185. Neither the stock based compensation expense nor an income tax benefit were recognized in the three months ended March 31, 2005. The Company was able to reverse $299,185 of its valuation allowance for deferred income taxes due to continued improvements in the Company's operations and the forecasted revenue and taxable income. For the three months ended March 31, 2006 CIMNET incurred an operating loss of ($31,612) which included an expense of $132,300 for stock based compensation in accordance with SFAS 123R for options issued and vested during the period. Exclusive of the stock based compensation expense, income from operations was $100,688, compared with an operating loss of ($123,388) with out any stock based compensation expense incurred for the comparable period in 2005.
CIMNET designs, markets and integrates software for manufacturing facilities. CIMNET's products allow manufacturing companies to schedule and monitor work flow in real time and reduce operating costs by improving quality of products being produced. CIMNET's proprietary products, Factelligence Industrial Portal(TM) and DNC Professional(TM), are used by discrete and process manufacturers in the aerospace, automotive, discrete, pharmaceutical, medical devices, metal processing, food and beverage and consumer packaged goods industries. For more information about CIMNET products or services, go to their website at www.cimnet.com.
For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/CIMK.php Who's Your Daddy, Inc. (OTCBB: WYDY) - Monday's shares went up 16.28% to $0.75 per share with a total of 30,100 shares traded. On Monday July 31, The Company is pleased to announce second quarter revenues are in excess of $173,000, up 11% from revenues of $156,000 recorded in the first quarter. Company's sales for the month of July are in excess of $379,000. July revenues are greater than the first two quarters of the year combined. Mr. Edon Moyal, CEO of Who's Your Daddy, stated: "Our July revenues are only the beginning of what we have been working towards over the past several months. We are pleased to report our July sales of the Who's Your Daddy, King of Energy Drinks have exceeded the first and second quarters' revenue combined. We look forward to increasing sales and wider market penetration through our distribution network of major beer distributors, which will be instrumental in continuing this upward trend."
Who's Your Daddy, Inc. is a publicly traded licensing company that designs and licenses a variety of products centered around the trademark-protected brand, ''Who's Your Daddy.'' Who's Your Daddy, Inc. holds licensing rights to the name Who's Your Daddy for more than 300 products in the U.S. and Europe and is expanding internationally. The ''Who's Your Daddy'' range of product offerings are designed to appeal to young men, women and sports fans who strive for ''style with authority.'' Who's Your Daddy, Inc. is traded under the WYDY stock ticker
Compuware Earns Recognition as One of the 10 Best Companies for Blacks in Technology, Nationwide National BDPA and WorkDiversity.com Recognize Compuware's Efforts for Workplace and Environment That Support the Advancement of Blacks in IT
DETROIT, Aug 08, 2006 /PRNewswire-FirstCall via COMTEX/ -- Compuware Corporation (Nasdaq: CPWR) today announced that it had earned top-10 placement on the Fourth-annual Best Companies for Blacks in Technology list, sponsored by The National Black Data Processing Associates (BDPA) and WorkplaceDiversity.com. Compuware has earned such recognition for two consecutive years by continuing to create and promote a workplace and environment that support the advancements of African Americans in the information technology industry.
"Compuware continues to cast a wide net for the best technologists and other employees for careers across our business," said Thomas M. Costello, Jr., Compuware Senior Vice President of Human Resources. "This honor recognizes those efforts, which help Compuware recruit and retain the most- talented professionals in our industry."
Compuware achieved its top-10 placement based on responses to a comprehensive survey. The survey examined the company's performance in the areas of Demographics, Diversity Programs, Diversity (Training, Affinity Groups), Tenure, Promotions and Terminations, Diversity Recruiting, Career Path Programs, Minority Vendor Programs and Community Outreach.
"We are very pleased to recognize the outstanding contributions that these companies have made for Blacks in Technology," said National BDPA President, Gina Billings. "In this economy, many African Americans in technology are concerned about opportunities for both employment and advancement. It is important to recognize those exceptional companies that have provided African Americans with challenging and fulfilling career opportunities in Information Technology."
Compuware Corporation
Compuware Corporation (Nasdaq: CPWR) maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com For Sales or Marketing Information
08.08.2006 15:26
Bristol-Myers sieht Generikum-Konkurrenz für Plavix in Kürze
NEW YORK (Dow Jones)--Die Bristol-Myers Squibb (Nachrichten/Aktienkurs) Co rechnet nach eigenen Angaben damit, dass in Kürze eine Nachahmerprodukt für ihr Blutverdünnungsmittel "Plavix" auf den Markt kommt. Wie der US-Pharmakonzern am Dienstag in einer Mitteilung an die US-Börsenaufsicht SEC schreibt, wird der Generikahersteller Apotex Inc wahrscheinlich in Kürze mit der Auslieferung des Medikaments beginnen.
Bristol-Myers werde gemeinsam mit dem Entwicklungspartner Sanofi-Aventis ihre Bemühungen fortsetzen, die Patente auf Plavix gegen Generikahersteller zu verteidigen. Der Verlust der exklusiven Vermarktungsrechte für Plavix hätte laut Bristol-Myers erhebliche Auswirkungen auf ihre Plavix-Umsätze, operative Ergebnisse und Cash-Flows. 2005 lag der weltweite Umsatz von Plavix bei 5,9 Mrd USD.
Bristol-Myer Squibb habe von den zuständigen Gerichten inzwischen eine Vorladung zu einer weiteren Stellungnahme in einem Patentrechtsverfahren erhalten, hieß es weiter. Sanofi-Aventis hatte bereits Ende Juli von einer Grand Jury entsprechende Vorladungen erhalten.
Die Vorladungen stünden im Zusammenhang mit der jüngst vom US-Justizministerium eingeleiteten strafrechtlichen Untersuchung eines Vergleichsvorschlags, den das französische Unternehmen gemeinsam mit Bristol-Myers Squibb im März mit dem Generikahersteller Apotex erzielt hatte. Der Vergleich sehe vor, dass die kanadische Apotex gegen finanzielle Entschädigung zunächst auf die Einführung ihrer generischen Version von Plavix verzichte. Die US-Staatsanwälte hatten den Vorschlag vor kurzem abgelehnt.
Die US-Gesundheitsbehörde FDA hatte die Nachahmerversion von Plavix bereits Anfang des Jahres genehmigt, der Patentschutz für das Produkt läuft 2011 aus.
-Von Michael Baron, Dow Jones Newswires, +49 (0)69 - 29725 111,
unternehmen.de@dowjones.com
DJG/DJN/abe/bam
James River Coal Company Reports Second Quarter Operating Results - CAPP shipments increase 4% from second quarter 2005 - Revenue in CAPP increased 14% from second quarter 2005 - Midwest reserves doubled since second quarter of 2005 - Second producti
RICHMOND, Va., Aug 09, 2006 /PRNewswire-FirstCall via COMTEX/ -- James River Coal Company (Nasdaq: JRCC), a producer of steam and industrial grade coal, today announced that it had a net loss of $3.4 million or $0.21 per fully diluted share for the second quarter of 2006 and a net loss of $2.0 million or $0.12 per fully diluted share for the six months ended June 30, 2006. This is compared to a net loss of $1.0 million or $0.07 per fully diluted share for the second quarter of 2005 and a net loss of $0.7 million or $0.05 per fully diluted share for the six months ended June 30, 2005.
"This was a busy quarter," said Peter T. Socha, the Company's Chairman and Chief Executive Officer. "We completed our major investment projects begun in 2005. We began production at our first highwall miner operation. We finished rebuilding our largest preparation plant and loadout facility. Lastly, we completed a significant transaction to add to our reserves in the Midwest."
Mr. Socha continued: "With a few minor exceptions, our mining conditions this quarter were good. Our team did an excellent job of working through some very challenging issues. The most significant issue that we faced was temporary production curtailments to comply with changes to mine operating plans requested by federal and state regulatory authorities. We believe that these curtailments resulted in approximately 200,000 tons of lost production. Most, but not all, of this impact on productivity should be temporary as the coal industry implements new safety standards. As previously disclosed, we were also impacted by a massive mud slide and power outage in the local community surrounding our Blue Diamond mine complex. The impact of this item was approximately 100,000 tons of lost production. On a positive note, our two new CAPP company operated surface mines are operating at, or above, plan with cash costs of approximately $30 - $32 per ton. Our third CAPP company operated surface mine is expected to begin production during the fourth quarter of this year."
Delta Petroleum Corporation Announces Second Quarter Operating Results Revenue Increases 77% From Prior-Year Quarter to $45.8 Million as Production Reaches Record 4.32 Bcfe
DENVER, Aug 09, 2006 /PRNewswire-FirstCall via COMTEX/ -- Delta Petroleum Corporation (Nasdaq: DPTR), an independent energy exploration and development company ("Delta" or "the Company"), today reported operating results for the second quarter and first half of 2006.
RESULTS OF OPERATIONS
For the quarter ended June 30, 2006, the Company reported net income of $4.2 million, or $0.08 per fully diluted share, and EBITDAX (defined below) of $21.7 million. These results compare with net income of $1.4 million, or $0.03 per fully diluted share, and EBITDAX of $14.7 million, in the comparable prior-year quarter. Oil and gas revenue increased 49% to $35.7 million (vs. $23.9 million), while contract drilling and trucking revenue increased to $12.9 million (vs. $2.2 million), when compared with the quarter ended June 30, 2005.
For the six months ended June 30, 2006, net income increased to $18.0 million, or $0.34 per fully diluted share, compared with net income of $6.3 million, or $0.15 per fully diluted share, in the corresponding period of the previous year. EBITDAX increased to $40.0 million in the first half of 2006, versus $28.8 million in the six months ended June 30, 2005. Oil and gas revenue increased 49% to $69.0 million (vs. $46.3 million), while contract drilling and trucking revenue increased to $23.0 million (vs. $4.5 million), when compared with the comparable prior-year period.
The increase in oil and gas revenue for the three- and six-month periods reflects a stronger commodity price environment and higher production volumes. Contract drilling and trucking fees have also increased as the Company's DHS subsidiary has expanded its fleet to 15 rigs as of June 30, 2006.
Production and Cost Information
Total production for the most recent quarter increased 12% to approximately 4.3 billion cubic feet equivalents (Bcfe), compared with total production of 3.9 Bcfe in the prior-year quarter. Production volumes, average prices received and costs per thousand cubic feet equivalent (Mcfe) for the three months ended June 30, 2006 and 2005
BANTA CORP
09.08.06 20:27 Uhr
45,93 USD
+35,13 % [+11,94]
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Börse
NYSE
Aktuell
45,93 USD
Zeit
09.08.06 20:27
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+35,13 %
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196,26 Mio.
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4,4 Mio.
Cenveo Sends Letter to Banta Corporation
STAMFORD, Conn., Aug 09, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cenveo, Inc. (NYSE: CVO) today announced that it had sent the following letter to Banta Corporation (NYSE: BN):
August 8, 2006
Stephanie A. Streeter
Chairman, President and Chief Executive Officer
Banta Corporation
225 Main Street
Menasha, WI 54952
Dear Stephanie:
I am writing to express my disappointment in hearing from you that Banta Corporation is not "for sale." As we have communicated, we believe that Cenveo and Banta are complementary businesses and that a combination of Cenveo, Inc. and Banta is compelling and would provide substantial benefits to both companies' shareholders. The combination of these two companies would create a $3.0 billion print powerhouse with pre-synergy EBITDA in excess of $300 million that we believe would be better able to compete in the marketplace and provide a one-stop solution to our customers. I have personally completed 56 acquisitions during my business career, and Cenveo's management team has a wealth of experience in operating printing businesses such as Banta. I am sure you are fully aware of our business track record at World Color, Moore and now Cenveo. We have constantly delivered for our shareholders and feel confident we can be successful again with the Banta / Cenveo combination.
Based on our most recent discussion, we believe it would be useful if we submitted an offer so that your entire Board will have the benefit of our thinking. Subject to diligence and negotiation of a mutually satisfactory definitive merger agreement (both of which are further discussed below), Cenveo proposes to acquire Banta for $46 per share in cash. We believe our offer provides immediate value that far exceeds Banta's current stock price and would not have the delay or execution risk inherent in management's strategy to increase shareholder value.
Since we are extremely comfortable with Banta's public filings, we would expect to conduct due diligence that would be largely confirmatory in nature and our merger agreement would be customary for a public company acquisition. We are ready to undertake a due diligence review of Banta at your earliest convenience and to meet with your team to negotiate a merger agreement at any time. Our offer would be subject to receipt of adequate financing for the transaction, which we believe will be readily obtainable.
Together with our outside advisors, we are prepared to commit the resources necessary to proceed expeditiously to reach an agreement with you regarding a combination.
Our Board of Directors has authorized this letter and fully supports a combination between Cenveo and Banta. We sincerely hope that, on further reflection together with Banta's other directors, you and Banta's entire Board will share our enthusiasm for the transaction. This matter has our highest priority, and we are committed to working with you in any way we can to bring this vision to fruition. As you have not returned our recent telephone calls and e-mails, we are making this letter public in the spirit of full disclosure for both shareholders at Banta and Cenveo. Thank you.
Sincerely,
CENVEO, INC.
By: /s/ Robert G. Burton, Sr.
Robert G. Burton, Sr.
Finisar Corporation
09.08.06 20:48 Uhr
2,99 USD
+11,57 % [+0,31
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Börse
NASDAQ
Aktuell
2,99 USD
Zeit
09.08.06 20:48
Diff. Vortag
+11,57 %
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44,71 Mio.
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15 Mio.
ABOUT FINISAR
Finisar Corporation (NASDAQ: FNSR) is a technology leader for fiber optic components and subsystems and network test and monitoring systems. These products enable high-speed data communications for networking and storage applications over Gigabit Ethernet Local Area Networks (LANs), Fibre Channel Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using Fibre Channel, IP, SAS, SATA and SONET/SDH protocols. The Company's headquarters is in Sunnyvale, California, USA. www.finisar.com.
Allion Healthcare, Inc.
09.08.06 20:54 Uhr
3,47 USD
-41,97 % [-2,51]
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NASDAQ
Aktuell
3,47 USD
Zeit
09.08.06 20:54
Diff. Vortag
-41,97 %
Tages-Vol.
23,18 Mio.
Gehandelte Stück
6,4 Mio
bellwetherreport.com: Bellwether Report .com is Bringing you the Latest on Allion Healthcare, Inc
Aug 09, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Allion Healthcare, Inc. (Nasdaq: ALLI)
Allion Healthcare is a specialty drug distributor focusing on patients with HIV and AIDS.
Through its subsidiary MOMS Pharmacy, the company fulfills prescriptions for necessary medications at its seven distribution centers and delivers them to patients, doctors' offices, and clinics nationwide.
Allion also offers special software and packaging of drug orders -- pre-filled pill boxes, for instance -- that are intended to help patients stick with their medication regimens. Most of Allion's customers rely on state programs such as Medicaid or the AIDS Drug Assistance Program for payment of their prescriptions.
Allion Healthcare, Inc is up 38% after reporting second quarter profits.
Allion Healthcare Inc., a specialty drug and medical services provider for people with HIV and AIDS, said Tuesday that it swung to a second-quarter profit, but canceled its previous guidance for the year.
The company reported a quarterly profit of about $662,000, or 4 cents per share, versus a loss of $2.2 million, or 55 cents per share, a year ago.
SAXON CAPITAL INC
09.08.06 20:54 Uhr
13,881 USD
+26,54 % [+2,911]
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NYSE
Aktuell
13,881 USD
Zeit
09.08.06 20:54
Diff. Vortag
+26,54 %
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192,68 Mio.
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14 Mio
Saxon Capital, Inc. Announces Second Quarter 2006 Operating Results; Net Income of $8.6 Million, up 23%; Servicing Income of $20.4 Million, up 19%; $4.4 Million of One-Time Expense Items
GLEN ALLEN, Va., Aug 09, 2006 (BUSINESS WIRE) -- Saxon Capital, Inc. ("Saxon" or the "Company") (NYSE: SAX), a residential mortgage lending and servicing real estate investment trust (REIT), today reported net income for the second quarter ended June 30, 2006 of $8.6 million, up 23% from the second quarter of 2005.
Diluted earnings per share were $0.17 compared with $0.14 for the second quarter of 2005, and the net mortgage loan portfolio grew to $6.7 billion at June 30, 2006, an increase of 10% from June 30, 2005. The second quarter net income also included $4.4 million of one-time expense items that reduced diluted earnings per share by nine cents.
"Despite a consistently competitive operating environment and a number of one-time expense items, we have continued to make great strides in implementing our business plan. The refinement of our origination platform has resulted in a cost to produce of 1.92%, the lowest in our operating history. And our premier servicing platform continues to provide us with positive short and long-term growth opportunities, which we are intently focused on capturing," said Michael L. Sawyer, Chief Executive Officer of Saxon.
Financial and Operational Highlights:
-- Second quarter 2006 net income of $8.6 million, or $0.17 per share diluted, compared to $7.0 million, or $0.14 per share diluted, for the second quarter of 2005 and $26.4 million, or $0.52 per share diluted for the first quarter of 2006. Second quarter 2006 net income excluding one-time expense items was $0.26 per share diluted.
-- Second quarter 2006 included $4.4 million of one time expense items consisting of a $2.5 million write-off of deferred tax assets due to a change in certain tax laws in Texas, a $1.4 million reduction in servicing income due to an accrual to reimburse a sponsor of a securitized mortgage loan pool, and $0.5 million to provide for the settlement of a previously disclosed lawsuit.
-- Second quarter 2006 net cost to produce was 1.92%, compared to 2.84% for the second quarter of 2005 and 2.46% for the first quarter of 2006.
-- The net mortgage loan portfolio at June 30, 2006 was $6.7 billion, an increase of 10% from June 30, 2005 and an increase of 3% from March 31, 2006.
-- Second quarter 2006 mortgage loan production was $920.0 million, an increase of 17% from the second quarter of 2005 and an increase of 23% from the first quarter of 2006.
-- Completed first "conduit" mortgage purchase of $119.4 million.
-- Second quarter 2006 cost to service was 17 basis points, compared to 17 basis points for both the second quarter of 2005 and the first quarter of 2006.
Financial Results
This press release reports Saxon's financial results under generally accepted accounting principles ("GAAP"). Also presented are non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission that management believes provide useful information to investors regarding Saxon's financial performance. The non-GAAP measures presented include core net interest income and margin, total net cost to produce, cost to service, securitization net losses on liquidated loans, and a Company defined working capital calculation. Additional information about each of these non-GAAP financial measures, including a definition and the reason management believes its presentation provides useful information and a reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP measure, is provided in Schedule B of this press release. The presentation of these non-GAAP financial measures is not to be considered in isolation or as a substitute for the Company's financial results prepared in accordance with GAAP.
Net Income and Earnings Per Share
Saxon reported net income for the second quarter of 2006 of $8.6 million, or $0.17 per share diluted, compared to $7.0 million, or $0.14 per share diluted for the second quarter of 2005, and $26.4 million, or $0.52 per share diluted for the first quarter of 2006. Second quarter 2006 net income excluding one-time items is $0.26 per share diluted.
Net Interest Income and Margin
Net interest income was $26.5 million for the second quarter of 2006, compared to $49.6 million for the second quarter of 2005 and $35.5 million for the first quarter of 2006. Net interest margin was 1.6% for the second quarter of 2006, compared to 3.3% for the second quarter of 2005 and 2.2% for the first quarter of 2006. Net interest margin is calculated as net interest income divided by average interest-earning assets. Average interest-earning assets are calculated using a daily average balance over the time period indicated.
Net interest income declined in the second quarter of 2006 from both the second quarter of 2005 and the first quarter of 2006 due to the continued increase in the Company's cost of funds and continued competitive pressures on loan coupons. 1-month LIBOR has increased 201 basis points from June 30, 2005 to June 30, 2006 and 50 basis points from March 31, 2006 to June 30, 2006. Net interest income and margin do not include the effect of Saxon's derivative activity that is designed to hedge its cost of financing.
In addition prepayment penalty income increased slightly for the second quarter of 2006 compared to the first quarter of 2006 due to an increase in prepayment speeds and decreased compared to the second quarter of 2005 due to a decline in the number of loans paying off in the portfolio that contain a prepayment penalty feature.
About Saxon
Saxon is a residential mortgage lender and servicer that manages a portfolio of mortgage assets. Saxon purchases, securitizes, and services real property secured mortgages and elects to be treated as a real estate investment trust (REIT) for federal tax purposes. The Company is headquartered in Glen Allen, Virginia and has additional primary facilities in Fort Worth, Texas and Foothill Ranch, California.
Saxon's mortgage loan production subsidiary, Saxon Mortgage, Inc., originates and purchases mortgage loans through indirect and direct lending channels using a network of brokers, correspondents, and its retail lending centers. As of June 30, 2006, Saxon's servicing subsidiary, Saxon Mortgage Services, Inc., serviced a mortgage loan portfolio of $26.4 billion. For more information, visit www.saxonmortgage.com.
Multi-Fineline Electronix, Inc.
09.08.06 21:08 Uhr
18,30 USD
-24,88 % [-6,06]
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Börse
NASDAQ
Aktuell
18,30 USD
Zeit
09.08.06 21:08
Diff. Vortag
-24,88 %
Tages-Vol.
50,25 Mio.
Gehandelte Stück
2,8 Mio.
bellwetherreport.com: Bellwether Report .com is Keeping you informed on Multi-Fineline Electronix Inc
Aug 09, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Multi-Fineline Electronix Inc. (Nasdaq: MFLX) Multi-Fineline Electronix tries to offer a multitude of fine electronic parts.
The company, which does business as M-FLEX, makes a wide variety of flexible printed circuits and circuit assemblies.
These devices are used to connect other components in various kinds of electronic gear such as laptop computers, cell phones, PDAs, and handheld bar-code scanners. Directly and through contract manufacturers, Motorola accounts for more than three-quarters of Multi-Fineline's sales. Other customers of the company include Symbol Technologies, EMC, Philips, and Research
In Motion. Holding company WBL Corporation owns about 61% of Multi-Fineline Electronix.
Multi-Fineline Electronix Inc is down 23 % after a slide on their quarterly results.
Shares of Multi-Fineline Electronix Inc., an electronics industry supplier, plummeted in premarket trading on Wednesday after the company's fiscal third-quarter results missed Wall Street expectations, hurt by higher costs.
The Anaheim, Calif.-based company posted slightly lower quarterly profit, and a sales increase of 54 percent, but both missed analyst expectations
China Technology Deveopment Group Corporation
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Stockguru.com: Price and Volume Alerts for Thursday August 10, 2006 - One Company Launches O24 Private Label Product While Another Establishes Partnership Agreement
Dallas, Texas, Aug 10, 2006 (M2 PRESSWIRE via COMTEX) -- StockGuru Price and Volume Alerts for Thursday include Stratus Services Group, Inc. (OTCBB: SSVG), Swiss Medica, Inc. (OTCBB: SWME), T-BAY Holdings, Inc (OTCBB: TBYH ), Basic Earth Science Systems, Inc. (Basic) (OTCBB: BSIC) , J.L Halsey (OTCBB: JLHY) and Union Dental Holdings, Inc. (OTCBB: UDHI) StockGuru Price and Volume Alerts feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.
Stratus Services Group, Inc. (OTCBB: SSVG)- Wednesday's shares increased 69.70% over open to $0.02800. The volume was at 2,395,899. Stratus Services Group, Inc. a leading provider of technology staffing and technology productivity consulting today announced that New York based Wasserman Morris & Company, an independent investment research firm began its initial coverage of the Company.
Stratus Services Group, Inc., through its 50% owned joint venture in Stratus Technology Services, LLC, provides information technology staffing solutions in the United States. It offers staffing solutions in various disciplines, including networking professionals, Internet development specialists, and application programmers. The company serves customers, such as Fortune 1000, middle market, and emerging companies. Stratus Services Group was incorporated in 1997 and is headquartered in Manalapan, New Jersey.
Swiss Medica, Inc. (OTCBB: SWME) - Wednesday's shares stayed even at $0.0900 The volume was at 86,000. Swiss Medica, Inc. announced today that the Sierra Mountain Minerals of Vancouver, British Columbia has incorporated Swiss Medica's patented O24 Pain Neutralizer into their new SierraSil(r) mineral formulation called ''SierraSil Pain Relief Formula.'' This new topical private label product offers the safe, quick and effective pain relief of O24 and the arthritic healing attributes of SierraSil. SierraSil Pain Relief Formula will be available in nationwide in leading natural health retailers across Canada and the United States.
Swiss Medica is a specialty pharmaceutical company focused on commercializing over-the-counter clinically-tested, patented all-natural products that relieve chronic ailments. Swiss Medica builds its brands through innovative and focused distribution and marketing strategies. Swiss Medica's mission is to be a world leader in the commercialization of over-the-counter, safe and effective chronic ailment treatments. Please visit our websites at www.swissmedica.com, www.O24zone.com and www.pmsescape.com.
T-BAY Holdings, Inc. (OTCBB: TBYH ) -Wednesday's shares increased 0.84% over open to $2.40. The volume was at 100,733. T-Bay Holdings Inc. , a leading mobile telecommunications device designer, announced today that T-Bay Holdings Inc. and VIA Technologies (China) Co., Ltd., a subsidiary of VIA Technologies Co., Ltd., (Taiwan Stock Exchange: 2388), a leading chipset solution provider, have established a partnership agreement to jointly develop multi-media Global Systems for Mobile Communications (GSM) handsets for the Chinese mobile telecommunications market.
T-BAY conducts its mobile phone design business through its 95% owned subsidiary, Shanghai SunPlus Communication Technology Co., Ltd. ("SunPlus"). Established in October 2002, SunPlus is a Sino-foreign joint venture providing total solution and full-range design services to leading mobile handset brand owners in China. The broad spectrum of services that SunPlus provides include overall product design, mechanical design, module architecture design, software design, prototype production, product testing, manufacturing and after-sale technical support. The Company currently has a staff of 160, comprised mostly of engineers and software programmers.
Basic Earth Science Systems, Inc. (Basic) (OTCBB: BSIC) - Wednesday's shares closed down at -0.46% with a price of $2.16. The volume was at 8,904. Independent oil and gas exploration company Basic Earth Science Systems has been chosen for this week's "SPOT Feature" in the Knobias Small-Cap ClipReport. Each week, Knobias scours the small-cap universe to find overlooked companies with sound fundamentals and one or more growth catalysts on the horizon. The weekly "SPOT" feature may be accessed via our daily ClipReport newsletter (free to all subscribers). To receive the Small-Cap ClipReport daily, please visit: http://www.knobias.com/front/product/clipreport/ Basic is an oil and gas exploration and production company with primary operations in select areas of the Williston basin (in North Dakota and Montana), the Denver-Julesburg basin in Colorado, the southern portions of Texas, and along the Gulf Coast. Basic is traded on the "over-the-counter -- bulletin board" under the symbol BSIC.
J.L. Halsey (OTCBB: JLHY) -Wednesday's shares closed down at -2.94% with a price of $0.990. The volume was at 125,620. --EmailLabs (www.emaillabs.com), the leader in high-performance email marketing solutions and a subsidiary of J.L. Halsey Corporation introduced EmailLabs 4.8. The new features help marketers minimize undeliverable or improperly formatted emails, create more effective messages based on contextually relevant best practices, offer RSS delivery to their subscribers, and uncover statistically significant variations in campaign performance -- based on subscriber demographics and attributes.
Founded in 1994, Lyris Technologies provides leading-edge email marketing software solutions to over 5,000 customers worldwide. Our suite of products, led by our flagship product ListManager, offers powerful tools for opt-in email marketing, list management, database segmentation, and deliverability assurance. Lyris offers both hosted and software versions for publishing email campaigns, newsletters, and discussion groups. Our commitment to permission-based marketing, outstanding deliverability rates, and our extremely positive ISP relations make Lyris' solutions among the best-selling email marketing applications on the market today. Headquartered in Emeryville, California, Lyris Technologies, is a subsidiary of the J.L. Halsey Corporation (OTCBB:JLHY - News) along with Sparklist and EmailLabs.
Union Dental Holdings, Inc. (OTCBB: UDHI) - Wednesday's shares stayed even at $0.04500. The volume was at 157,950. Union Dental Holdings, Inc. - http://www.uniondental.com/ir - a provider of multi-state dental services for union members, announced today it has added eight new locations and 100 providers in the New York metropolitan area to its growing network of dental providers. This brings the total to 38 locations and over 200 providers in the New York area. The locations and providers have been added to Union Dental's network as a result of the Company's recently announced agreement with the Communications Workers of America Local 1101 in New York City. Local 1101 is one of the largest CWA locals in the United States. CWA 1101 has over 50,000 insured in the Greater New York City area. Many of these members are employed by such companies as Cingular and Verizon.
Direct Dental Services and Union Dental Corp. are wholly owned subsidiaries of Union Dental Holdings, Inc. and provide dentists with "areas of exclusivity" to participate with various unions, including the Communications Workers of America ("CWA") and International Brotherhood of Electrical Workers (IBEW) Dental Networks. Union Dental Corp. receives annual management fees from the dentists in exchange for practicing in these "areas of exclusivity" where CWA and IBEW members use the dentists' services.
Wall Street Capital Funding LLC: UCPI is Thursdays Stocks to Watch! August 10, 2006
Weston, FLA., Aug 10, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), Matrixx Resource Holdings, Inc. (OTCBB: MXXR), ParaFin Corp (OTC BB: PFNC), Torrent Energy Corporation (OTCBB: TREN) and Oceaneering International, Inc (NYSE: OII).
In addition to Tuesdays news, Unicorp, Inc. (OTCBB: UCPI) has issued another press release which should have investors watching the company today! Yesterday, after the stock markets closed, the company issued a press release announcing that it has signed a multi-well drilling contract with a global $10 billion company.
This is great news for the company! The press release states that the agreement will allow Unicorp to begin drilling its backlog of prospects and accelerate its drilling program.
"We are pleased to have entered into this agreement and secured this multi-well drilling commitment," stated Arthur Ley, COO of Unicorp. "We have been in negotiations with several companies and finally decided that this was the best solution for us to accelerate the drilling of our backlog of prospects and utilize this rig as an entry into new prospects."
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Unicorp! On Tuesday Unicorp announced that it has identified a new prospect with potential reserves of $50,000,000 - $75,000,000 in gross revenue and that it will immediately begin operations in order to prepare to drill. While there is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations, Unicorp's net revenue interest would equate to approximately 50% of the gross production. Arthur Ley, COO of Unicorp, was quoted as saying, "This is the first of several prospects we hope to identify with the acquired 3-D seismic and satellite technology that we have ordered over the area."
In case you are not familiar with the company: Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Matrixx Resource Holdings, Inc. (OTCBB: MXXR) even on 3.1 million shares traded Matrixx Resource Holdings, Inc. recently announced that the operator has informed Matrixx that the drilling company has moved its rig and equipment onto the drilling site in preparation for the captioned well.
ParaFin Corporation (OTC BB: PFNC) down 25.5% on 1 million shares traded ParaFin Corporation recently announced on 21 July that it has signed a purchase agreement with OY Coral Marine Management Ltd under which ParaFin will buy a 12.2m metric ton (88,864,800 Bbls) allotment of Russian Export Blend Crude Oil ("REBCO").
Torrent Energy Corporation (OTCBB: TREN) up 0.4% on 80,000 shares traded Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. Torrent Energy Corporation recently announced the following developments from its wholly owned operating subsidiary, Methane Energy Corp. ("Methane") regarding its coalbed natural gas pilot production operations in Coos County, Oregon.
Oceaneering International, Inc. (NYSE: OII) down 0.9% on 873,000 shares traded.
Oceaneering International, Inc. recently reported all-time record quarterly earnings. For the quarter ended June 30, 2006, on revenue of $311 million, Oceaneering generated net income of $30.6 million, or $0.56 per share. During the corresponding period in 2005, Oceaneering reported revenue of $236 million and net income of $14.7 million, or $0.28 per share. Historical per share figures have been adjusted for the two-for-one stock split effected in June 2006.
Market Commentary: "In oil, the pipeline corrosion problems in Alaska's BP 650 mile-line, from Prudhoe to Valdez Bay, will take 400,000 barrels out of circulation. However, other countries are already saying they will shore-up the shortage; but, one trader said, you are more likely to see $80 per barrel before you see $70 in the near future. The last contract was at 44 cents higher or $76.75 a barrel. Gold was up by $7.20 or $664.50 an ounce," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
UCPI Continues to Issue Positive News: Signs Multi-Million Dollar Agreement With a $10 Billion Company! August 10, 2006 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Aug 10, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), Halliburton (NYSE: HAL), ConocoPhillips (NYSE: COP) and Baker Hughes Incorporated (NYSE: BHI).
In addition to Tuesday's news, Unicorp, Inc. (OTCBB: UCPI) has issued another press release which should have investors watching the company today! Yesterday, after the stock markets closed, the company issued a press release announcing that it has signed a multi-well drilling contract with a global $10 billion company.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Unicorp! On Tuesday Unicorp announced that it has identified a new prospect with potential reserves of $50,000,000 - $75,000,000 in gross revenue and that it will immediately begin operations in order to prepare to drill. While there is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations, Unicorp's net revenue interest would equate to approximately 50% of the gross production. Arthur Ley, COO of Unicorp, was quoted as saying, "This is the first of several prospects we hope to identify with the acquired 3-D seismic and satellite technology that we have ordered over the area."
In case you are not familiar with the company: Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Halliburton (NYSE: HAL) up 2.6% on 18 million shares traded.
Halliburton is one of the largest providers of products and services to the petroleum and energy industries.
ConocoPhillips (NYSE: COP) up 1.8% on 8.5 million shares traded.
ConocoPhillips is an integrated petroleum company with interests around the world.
Baker Hughes Incorporated (NYSE: BHI) down 0.1% on 4.1 million shares traded.
Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
Market Commentary:
"Realtors say it is still a good time to purchase a mortgage or refinance from a variable to a fixed one. From www.bankrate.com we have the following APR rates: 30-year fixed at 6.28%, 15-year fixed at 6.10%, jumbo 30-year fixed 6.42%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
Sierra Pacific Resources Announces Sale of Common Stock
RENO, Nev., Aug 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sierra Pacific Resources (NYSE: SRP) announced today that it has agreed to issue 20,000,000 shares of its common stock to Deutsche Bank Securities. The shares have been registered on Sierra Pacific Resources' shelf registration statement and settlement is expected to occur on or about August 14, 2006. Sierra Pacific Resources has granted Deutsche Bank Securities a 30-day option to purchase up to 3,000,000 additional shares to cover any over-allotments of shares. The final terms of the offering, including the amount of the net proceeds to be received by Sierra Pacific Resources, will be disclosed in the final prospectus to be filed with the Securities and Exchange Commission. The last reported sale price on the New York Stock Exchange of Sierra Pacific Resources' common stock on August 9, 2006 was $14.50 per share.
Sierra Pacific Resources intends to use the net proceeds of the offering to make a capital contribution to its subsidiary, Nevada Power Company, of at least $200 million to be used to repay indebtedness. The remaining proceeds will be invested in short-term instruments until used for additional capital contributions to either or both of Sierra Pacific Resources' subsidiaries, Nevada Power Company and Sierra Pacific Power Company, for the repayment of a portion of indebtedness, and/or for general corporate purposes.
Headquartered in Nevada, Sierra Pacific Resources is a holding company whose principal subsidiaries are Nevada Power Company, the electric utility for most of southern Nevada, and Sierra Pacific Power Company, the electric utility for most of northern Nevada and the Lake Tahoe area of California. Sierra Pacific Power Company also distributes natural gas in the Reno-Sparks area of northern Nevada. Other subsidiaries include the Tuscarora Gas Pipeline Company, which owns a 50 percent interest in an interstate natural gas transmission partnership.
10.08.2006 14:47
K+S verbucht Ergebnisanstieg im ersten Halbjahr
Kassel (aktiencheck.de AG) - Der Düngemittelhersteller K+S AG (ISIN DE0007162000 (Nachrichten/Aktienkurs)/ WKN 716200) verbuchte im ersten Halbjahr trotz der anhaltend hohen Energie- und Rohstoffkosten einen Ergebnisanstieg
Wie der im MDAX notierte Konzern am Donnerstag erklärte, lag der Konzernumsatz im Berichtszeitraum bei 1,56 Mrd. Euro, nach 1,48 Mrd. Euro im Vorjahreszeitraum. Der operative Gewinn (EBIT) verbesserte sich im Vorjahresvergleich von 163,5 Mio. Euro auf 172,5 Mio. Euro. Das operative Ergebnis nach Marktwertveränderungen verbesserte sich von 168,3 Mio. Euro auf 232,4 Mio. Euro. Der Vorsteuergewinn kletterte von 163,2 Mio. Euro auf 226,3 Mio. Euro, während der bereinigte Vorsteuergewinn von 158,4 Mio. Euro auf 166,4 Mio. Euro verbessert werden konnte.
Das Konzernergebnis nach Steuern kletterte von 104,8 Mio. Euro auf 147,9 Mio. Euro, während man auf bereinigter Basis beim Konzernergebnis einen Anstieg von 101,8 Mio. Euro auf 110,2 Mio. Euro vorweisen konnte.
Die K+S Gruppe hat sich im ersten Halbjahr gut behauptet. Auch für die zweite Jahreshälfte wird eine erfolgreiche Entwicklung gesehen. Diese Einschätzung stützt sich infolge der nunmehr abgeschlossenen Preisverhandlungen in China auf eine Stabilisierung der weltweiten Nachfrage nach Kali-Düngemitteln und geht darüber hinaus von einem durchschnittlichen Auftausalzabsatz im vierten Quartal aus.
Dazu Dr. Bethke: "Für 2006 erwarten wir einen Umsatz von rund 3 Mrd. Euro, in dem ab dem dritten Quartal auch unsere Akquisition der chilenischen SPL-Gruppe enthalten sein wird. Beim operativen Ergebnis rechnen wir mit 265 bis 280 Mio. Euro, so dass ein bereinigtes Konzernergebnis nach Steuern zwischen 160 und 170 Mio. Euro realistisch ist. Damit wird der Wachstumskurs der K+S Gruppe auch nach dem Spitzenergebnis des Jahres 2005 weiter fortgeführt."
Die Aktie von K+S notiert aktuell mit einem Plus von 5,02 Prozent bei 60,00 Euro. (10.08.2006/ac/n/d)
TENET HLTHCRE CP
10.08.06 18:45 Uhr
6,55 USD
+12,35 % [+0,72]
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Börse
NYSE
Aktuell
6,55 USD
Zeit
10.08.06 18:45
Diff. Vortag
+12,35 %
Tages-Vol.
57,69 Mio.
Gehandelte Stück
9,5 Mio.
bellwetherreport.com: Bellwether Report.com shows Interest in Tenet Healthcare Corp
Aug 10, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Tenet Healthcare Corp. (NYSE:THC)
Tenet Healthcare may be one of the biggest US hospital chains, but this giant is hardly jolly -- and it's shedding some excess weight. It owns or operates about 80 acute care hospitals with more than 19,600 beds in 13 states.
The firm has four regions: California, Central Northeast-Southern States, Florida-Alabama, and Texas-Gulf Coast. Tenet's acute care hospitals serve as cornerstones to vast regional health care networks.
These regional networks include specialty hospitals, outpatient surgery centers, home health agencies, rehabilitation and psychiatric hospitals, HMOs, and long-term care facilities. State and federal authorities are conducting a probe of Tenet over some of its billing practices.
Tenet Healthcare Corp's shares are up 10 % after a rise in their second quarter.
Shares of hospital operator Tenet Healthcare Corp. climbed sharply in Thursday morning trading, buoyed by second-quarter results that beat Wall Street estimates.
The stock gained 68 cents, or 11.7 percent, to reach $6.51 in recent Nasdaq trading. Last summer, shares traded at a 52-high of $12.90, but have steadily declined over the past year, hitting a 52-week low of $5.77 on Aug. 1.
Movie Gallery, Inc.
10.08.06 18:58 Uhr
3,30 USD
-49,00 % [-3,17]
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Börse
NASDAQ
Aktuell
3,30 USD
Zeit
10.08.06 18:58
Diff. Vortag
-49,00 %
Tages-Vol.
32,91 Mio.
Gehandelte Stück
10 Mio.
Movie Gallery Reports Results for the Second Quarter of 2006 - Adjusted EBITDA for the second quarter of 2006 was $57.6 million - Adjusted EBITDA for the first half of 2006 was $174.4 million
DOTHAN, Ala., Aug 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- Movie Gallery, Inc. (Nasdaq: MOVI) today reported results for the second quarter of 2006, which ended July 2, 2006.
For the second quarter of 2006, total revenues were $601.3 million as compared to $504.7 million in the comparable period last year. On a pro forma basis, combining the Company's results with those of Hollywood Entertainment Corporation prior to its acquisition by the Company on April 27, 2005, the Company's revenues would have been $637.5 million in the second quarter of 2005. The Company's year-to-date revenues were approximately $1.3 billion for the twenty-six weeks ended July 2, 2006 as compared to revenue of $738.5 million in the comparable 2005 period. On a pro forma basis, revenues for the comparable twenty-six week period in 2005 would have been $1.3 billion.
Same-store total revenues for the second quarter of 2006 decreased 4.6% from the comparable period last year, reflecting continued softness in the video rental industry. Notably, same-store total revenues increased by 1.6% at Movie Gallery branded stores during the quarter, demonstrating the resiliency of Movie Gallery's eastern-focused rural and secondary market presence as well as the success of the Company's efforts to sell previously viewed titles from Hollywood branded stores at Movie Gallery stores.
The Company reported a net loss of $14.9 million, or $0.47 per diluted share in the second quarter of 2006. The Company's year-to-date net income was $25.5 million, or $0.80 per diluted share.
Adjusted EBITDA was $57.6 million for the second quarter of 2006 and the Company's year-to-date Adjusted EBITDA was $174.4 million. On a pro forma basis, the Company's Adjusted EBITDA in the second quarter of 2005 and the first half of fiscal 2005 would have been $63.5 million and $172.1 million, respectively. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.
"Our business continues to be affected by a weak home video release schedule and other industry-wide challenges, but we are making great progress on a number of internal initiatives intended to improve Movie Gallery's financial and operational performance. We continue to expect a slow late summer, as is typical due to the seasonality of our industry, with gradually improving business conditions beginning in October when the first of several $100 million titles will be released to home video," said Joe Malugen, Chairman, President and Chief Executive Officer of Movie Gallery. "In the meantime, Movie Gallery is aggressively pursuing opportunities to increase revenues and further improve operating efficiencies. We have engaged Merrill Lynch to advise us on ways to improve our capital structure as well as Alvarez & Marsal, a leading turnaround management, restructuring and corporate advisory firm. This great company, together with its dedicated associates and partners, is taking the steps necessary to reposition Movie Gallery for renewed success."
As of July 2, 2006, Movie Gallery had cash and cash equivalents of $21.2 million and $39.3 million in available borrowings under its revolving credit facility. Furthermore, as of August 9, 2006, the Company had no borrowings on its revolving credit facility apart from open letter of credit commitments. Although there can be no assurances regarding Movie Gallery's results for the remainder of fiscal 2006 or its ability to complete sales of non-core assets, the Company believes that cash on hand, cash from operations, cash from non- core asset sales, and available borrowings under its revolving credit facility will be sufficient to operate the business, satisfy working capital and capital expenditure requirements, and meet the Company's foreseeable liquidity requirements, including remaining in compliance with the financial covenants contained in the Credit Facility and debt service for the remainder of fiscal 2006.
As of July 2, 2006, Movie Gallery was in compliance with the financial covenants contained in its credit facility.
bellwetherreport.com: Bellwether Report.com Wants Your Attention Directed to Movie Gallery Inc.
Aug 10, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Movie Gallery Inc. (Nasdaq: MOVI)
Movie Gallery likes movie fans who wait for the video. The company, through its Movie Gallery, Hollywood Video, and Game Crazy chains, is the nation's #2 video and game rental company behind Blockbuster. Movie Gallery owns or franchises more than 4,800 rental stores in all 50 states, Canada, and Mexico. Located mainly in rural and secondary markets, its stores rent and sell up to 15,000 movie titles (VHS and DVD) and 1,500 video games (Nintendo, Sega, and Sony); they also sell blank cassettes, VCR cleaning equipment, movie memorabilia, and concession items. In addition, Movie Gallery sells videos and merchandise on the Internet. The company bought Hollywood Entertainment for $1.2 billion in 2005.
Shares were down 44% after home video recorded a deep second quarter loss relating back to soft video rental market.
The company said it has hired Merrill Lynch and turnaround management specialist Alvarez & Marsal to help improve its capital structure and to help reorganize its operations.
The company reported a net loss of $14.9 million, or 47 cents a share, on sales of $601.3 million vs. last year's shortfall of $12.2 million, or 39 cents a share, on revenue of $504.7 million.
Analysts polled by Thomson First Call had expected the company to earn 8 cents a share during the quarter.
Video rental company Movie Gallery Inc. reported a wider second-quarter loss on Thursday due to softness in the video rental market. The company also said it has hired both financial advisers and a turnaround firm to assist the company with a restructuring.
Shares closed Wednesday at $6.47 on the Nasdaq, and were down $1.96, or 30.3 percent, at $4.51 in recent pre-market trading on the INET electronic exchange. A year ago, the stock traded as high as $22.32, but steadily declined to bottom out at a 52-week low of $1.68 in March.
Losses grew to $14.9 million, or 47 cents per share, from $12.2 million, or 39 cents per share, during the same period last year. Revenue increased 19 percent to $601.3 million from $504.7 million a year ago.
The results missed analyst expectations for profit of 8 cents per share on revenue of $619 million, according to a poll by Thomson Financial.
"Our business continues to be affected by a weak home video release schedule and other industry-wide challenges," said Joe Malugen, the company's president and chief executive. "We continue to expect a slow late summer, as is typical due to the seasonality of our industry, with gradually improving business conditions beginning in October when the first of several $100 million titles will be released to home video."
SAFLINK Corporation - Com..
Sedol: 2820648 Exch: NASDAQ Sym: SFLK.NAS
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GRACE W R CO NEW %)
Sedol: 2232685 Exch: NYSE Sym: GRA.NYS
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C K E RESTERAUNTS
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SAFLINK Corporation - Com..
Sedol: 2820648 Exch: NASDAQ Sym: SFLK.NAS
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GRACE W R CO NEW %)
Sedol: 2232685 Exch: NYSE Sym: GRA.NYS
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C K E RESTERAUNTS
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BUYINS.NET: UQM, ADSD, SOIGF Have Also Been Removed From Naked Short List Today
Aug 11, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: UQM Technologies, Inc. (AMEX: UQM), Addison-Davis Diagnostics, Inc. (OTCBB: ADSD), Strata Oil & Gas, Inc. (OTCBB: SOIGF)
UQM Technologies, Inc. (AMEX: UQM) engages in the development and manufacture of power dense, electric motors, generators, and power electronic controllers. It operates in two segments, Technology and Power Products. The Technology segment conducts customer funded and internally-funded research and engineering activities directed toward the development of new motors, generators, and power electronics to meet the requirements of customers' specific product applications; integration of its motors, generators, and power electronics into customers' products; and support of its power products segment and the low volume manufacture of motors, generators, and power electronics. The Power Products segment manufactures motors, generators, power electronic controllers, and related products designed by the company. The company serves primarily the automotive, agriculture, industrial, medical, and aerospace markets. UQM Technologies was founded in 1967 and is headquartered in Frederick, Colorado. With 25.13 million shares outstanding and 477,857 shares declared short as of Jul 06, there is no longer a failure to deliver in shares of UQM.
Addison-Davis Diagnostics, Inc. (OTCBB: ADSD) primarily offers diagnostic products. Its diagnostic platform is designed for point-of-care and ambulatory use, and incorporates a single-use disposable specimen collection device. The company's desktop analyzer is capable of detecting data for Myoglobin, CK-MB, Cardiac Troponin-1, and GP-BB, as well as the presence and volume of cocaine. The analyzer can be used in clinics and doctor's offices, as well as in emergency rooms. Addison-Davis is also developing a hand-held mobile multiple assay analyzer that would incorporate the patented technology for specimen collection and provide results for various cardiac and blood-born metrics. In addition, the company engages in the development and commercialization of Drug Stop, a FDA cleared rapid urinalysis test for drugs of abuse, for professional and over-the-counter use. The company was formerly known as QT 5, Inc. and changed its name to Addison-Davis Diagnostics, Inc. in November 2004. Addison-Davis is based in Westlake Village, California. With 1.23 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of ADSD.
Strata Oil & Gas, Inc. (OTCBB: SOIGF) is focused on the exploration and development of heavy oil / oil sands in Western Canada. Heavy oil and oil sands are very viscous and do not flow easily, and are primarily found in the Western Canada Sedimentary Basin which extends from the Yukon and Northwest Territories, through northeastern British Columbia, Alberta and central Saskatchewan. With 24.57 million shares outstanding and an undisclosed short position, there is no longer a failure to deliver in shares of SOIGF.
Neurochem Inc - Common Shares
14.08.06 21:58 Uhr
11,57 USD
+21,92 % [+2,08]
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Börse
NASDAQ
Aktuell
11,57 USD
Zeit
14.08.06 21:58
Diff. Vortag
+21,92 %
Tages-Vol.
15,56 Mio.
Gehandelte Stück
1,5 Mio.
NASDAQ: NRMX) For the three months ended 31 March 2006, Neurochem Inc.'s revenues decreased 49% to C$837K. Net loss increased 1% to C$17.1M. Revenues reflect decrease in income from collaboration agreemenent representing the amortization of non-refundable upfront payment for the approval of investigational product candidate from Centocor. Higher loss reflects increase in research and development expenses in relation to development of Tremiprostate.
About Neurochem
Neurochem is focused on the development and commercialization of innovative therapeutics to address critical unmet medical needs. Eprodisate (Kiacta(TM)) is currently being developed for the treatment of AA amyloidosis and has received in August 2006 from the FDA an approvable letter. Tramiprosate (Alzhemed(TM)), for the treatment of Alzheimer's disease, is currently in Phase III clinical trials in both North America and Europe and tramiprosate (Cerebril(TM)), for the prevention of Hemorrhagic Stroke caused by Cerebral Amyloid Angiopathy, has completed a Phase IIa clinical trial.
CALGON CARBON CP
14.08.06 22:01 Uhr
4,25 USD
-27,23 % [-1,59]
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Börse
NYSE
Aktuell
4,25 USD
Zeit
14.08.06 22:01
Diff. Vortag
-27,23 %
Tages-Vol.
17,12 Mio.
Gehandelte Stück
3,7 Mio
Calgon Carbon Announces Private Offering of Convertible Senior Notes
PITTSBURGH, Aug 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Calgon Carbon Corporation (NYSE: CCC) announced today that it intends to offer, subject to market conditions and other factors, $65 million in aggregate principal amount of Convertible Senior Notes due 2036 ("Convertible Notes"). In addition, the company may issue up to an additional $10 million in aggregate principal amount of Convertible Notes upon exercise of an option to be granted to the initial purchaser.
The Convertible Notes will be senior unsecured obligations of the company. The Convertible Notes will be guaranteed on a senior unsecured basis by certain of the company's domestic subsidiaries.
The Convertible Notes will pay interest semiannually. Prior to June 15, 2011, the Convertible Notes will be convertible into shares of the company's common stock upon specified events, and thereafter, at any time. Upon conversion, the company will pay cash and deliver shares of the company's common stock, if applicable.
The company expects to use the net proceeds from the offerings, along with borrowings under the company's new revolving credit facility, to repay in full the outstanding indebtedness under the company's existing revolving credit facility.
The offering is being made only to qualified institutional buyers pursuant to Rule 144A under the Securities Act. None of the Convertible Notes (including any shares of common stock issuable upon conversion thereof) or the guarantees thereof have been registered under the Securities Act of 1933 or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making air and water cleaner and safer.
FORD MOTOR CO
14.08.06 22:02 Uhr
7,83 USD
+6,24 % [+0,46]
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jETZT schaut Ford viel besser aus!!
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PUH!!!
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Börse
NYSE
Aktuell
7,83 USD
Zeit
14.08.06 22:02
Diff. Vortag
+6,24 %
Tages-Vol.
319,55 Mio.
Gehandelte Stück
42 Mio.
15.08.2006 14:43
US Vorbörse geht nach Wirtschaftsdaten ab
In den USA sind im Juli die Erzeugerpreise um 0,1 Prozent gestiegen. Der von Bloomberg erhobene Konsens sieht ein Plus von 0,3 Prozent vor. In der Kernrate stellte sich ein Minus von 0,3 Prozent ein. Hier gingen die Volkswirte laut Bloomberg von einer Steigerung von 0,2 Prozent aus.
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Wall Street Capital Funding LLC: Hot Stock Alert issued on YEHS! August 15, 2006
Weston, FLA., Aug 15, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Youth Enhancement Systems, Inc. (OTC: YEHS), Innovation Holdings Inc. (OTC: IVHN), Dillard's, Inc. (NYSE: DDS), OraSure Technologies, Inc. (NASDAQ: OSUR) and Familymeds Group, Inc (NASDAQ: FMRX).
Youth Enhancement Systems, Inc. (OTC: YEHS) should once again have the attention of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued its first shareholder update since trading as a public company last month.
News of the company's update might get the attention of investors! The Company states that in its previous press releases, the company announced it was primed to break the $2 million dollar mark in revenues on the internet while projecting to more than double its '05 revenues to over 12 million dollars in '06. ProCede continues to be the company's flagship product, maintaining its record of 14 consecutive months in the top 3 most aired short form infomercials in the health and beauty category in the US (IMS).
According to the press release, the company also announced last week that the US Patent and Trademark Office issued US patent Number # 7,078,024 dated July 18, 2006, which covers both ProCede and its method of use. The infomercial and direct response leader intends to immediately mark each of its packages with the patent numbers.
"YES always knew it has the most unique product for the hundreds of millions of men in the world with thinning hair," says Kevin D. Sepe, CEO of YES, Inc. "Having this patent issue is further evidence that ProCede is indeed unique. Our current and future customers will be comforted by knowing ProCede is truly one of a kind."
Continue to watch this company! Also according to the press release, the company announced that it had retained both Jewett, Schwartz and Associates as its independent SEC auditing firm as well as Joseph Emas, Esq. as its SEC counsel for the purpose of preparing YES' filings for the OTC Bulletin Board or the AMEX.
"The company is aggressively moving toward full reporting status. We feel it is very important for our shareholders, knowing with certainty the company is moving in this direction. YES is committing 100% to trading on the bigger boards," says Kevin D. Sepe, CEO of YES, Inc."
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Youth Enhancement Systems! The company is the innovator, developer and distributor of groundbreaking consumer products through a variety of distribution streams, always launched through Direct Response .The company's products offer solutions to everyday problems such as hair loss, anti-aging, problem skin, pain management, memory/mental performance and personal safety, thereby improving the quality of life. YES delivers consumer products to the aging demographic as well as other underserved market sectors. Each product line is company owned or exclusively licensed.
Prior to the latest press release, the stock closed yesterday at Fifty Five cents a share.
Innovation Holdings Inc. (OTC: IVHN) up 68.6% on 1.5 million shares traded.
Innovation Holdings Inc. recently announced that Steven Burke, the President of Innovation's target acquisition PharmaSpritz Corporation (www.slimspritz.com), has been appointed President and Chairman of the Board of Innovation Holdings Inc.
Dillard's, Inc. (NYSE: DDS) up 5.6% on 3.2 million shares traded.
Dillard's remains committed to providing a differentiated shopping experience to position its merchandise mix toward a more upscale and contemporary tone to continue to attract customers who are seeking exciting statements in fashion. Dillard's, Inc. recently announced operating results for the 13 weeks ended July 29, 2006. This release contains certain forward-looking statements. Please refer to the Company's cautionary statement regarding forward-looking information included below under "Forward-Looking Information".
OraSure Technologies, Inc. (NASDAQ: OSUR) up 4.4% on 1 million shares traded OraSure Technologies, Inc. is one of the market leaders in oral fluid diagnostics. The company recently announced revenues of $17.6 million for the quarter ended June 30, 2006, representing a slight increase over the $17.4 million in revenues recorded for the comparable period in 2005.
Familymeds Group, Inc. (NASDAQ: FMRX) up 4.1% on 2.5 million shares traded Familymeds Group, Inc. is a pharmacy and medical specialty product provider formed by the merger on November 12, 2004 of DrugMax, Inc. and Familymeds Group, Inc. Familymeds Group, Inc. recently announced that the Company will report its second quarter 2006 financial results after the market closes on August 15, 2006. The Company will also hold a conference call and live webcast on the same day to discuss the financial results, ongoing plans and operating strategy. Chief Executive Officer, Ed Mercadante and Chief Financial Officer, James Bologa will be on the call to discuss the quarterly results and answer questions from participants.
Market Commentary: "Oil prices slid as much as $1.75 a barrel Monday as a U.N.-negotiated cease-fire began in Lebanon and investors reacted to news that BP expects to maintain half of its production despite the pipeline leak. Light sweet crude for September delivery fell 82 cents to settle at $73.53 a barrel in electronic trading on the New York Mercantile Exchange,"
Biogen Idec Researchers Identify Potential New Pathway in Rheumatoid Arthritis Disease Process
CAMBRIDGE, MASS., Aug 15, 2006 (Canada NewsWire via COMTEX) -- Researchers at Biogen Idec (NASDAQ: BIIB), a global biotechnology leader with products and capabilities in oncology, neurology and immunology, reported in the August 15, 2006 issue of the Journal of Immunology that activation of a recently discovered inflammation pathway may play an important role in the disease process that causes rheumatoid arthritis (RA). The studies advance the understanding of RA and demonstrate that inhibiting the TWEAK molecule may provide a new approach to developing RA treatments.
Discovered by Biogen Idec and University of Geneva scientists, TWEAK belongs to a family of molecules called tumor necrosis factor (TNF) that plays an important role in normal immune system and inflammatory responses. TNF-inhibiting therapies are currently used to treat a number of diseases including RA, a chronic, autoimmune disease that causes inflammation and swelling of the joints and the surrounding synovial tissue, resulting in progressive damage to the cartilage and bone.
TWEAK stimulates blood vessel growth (angiogenesis) and production of inflammatory proteins called cytokines and chemokines. The published studies found that TWEAK promotes a number of events that are hallmarks of rheumatoid arthritis, including joint inflammation and synovial angiogenesis (blood vessel growth in joints).
"Despite considerable progress, many rheumatoid arthritis patients do not adequately respond to current treatments, indicating that other pathways are involved in this complex disease," said Timothy Zheng, Ph.D., Senior Scientist, Molecular Discovery at Biogen Idec. "Our investigative research suggests that TWEAK contributes to the disease through multiple mechanisms, and inhibiting the TWEAK pathway may represent a new set of opportunities for treatment."
Specifically, the Biogen Idec researchers found that TWEAK promotes joint inflammation by stimulating the production of several types of inflammatory proteins, triggers joint damage by stimulating the production of damaging metalloprotease enzymes and promoting bone breakdown, and contributes to joint tissue disease by directly promoting angiogenesis in synovial tissue. The studies also suggest that TWEAK may impede normal bone repair mechanisms.
"Our research is part of a broader effort to identify the role of the TWEAK pathway in several autoimmune diseases," added Linda Burkly, Ph.D., the TWEAK program leader at Biogen Idec.
About Biogen Idec
Biogen Idec creates new standards of care in oncology, neurology and immunology. As a global leader in the development, manufacturing, and commercialization of novel therapies, Biogen Idec transforms scientific discoveries into advances in human healthcare. For press releases and additional information about the company, please visit www.biogenidec.com.
BUYINS.NET: CHTP, CTB, WCI, EGLY, IAUS, PWLK Have Been Added To Naked Short List Today
Aug 15, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Chelsea Therapeutics International, Ltd. (NASDAQ: CHTP), Cooper Tire & Rubber Co (NYSE: CTB), W C I Communities Inc (NYSE: WCI), Ever-Glory International Group, Inc. (OTCBB: EGLY), International Automated Systems, Inc (OTCBB: IAUS), Powerlock International Corp. (OTC: PWLK)
Chelsea Therapeutics International, Ltd. (NASDAQ: CHTP) engages in the acquisition, development, and commercialization of pharmaceutical products for the treatment of immunological diseases. It has completed phase I trial of its drug candidate, CH-1504, an orally available, metabolically inert, anti-inflammatory, and anti-tumor agent for the treatment of cancers, psoriasis, psoriatic arthritis, and inflammatory bowel disease. The company was incorporated in 2002 and is headquartered in Charlotte, North Carolina. With 19.56 million shares outstanding and 2,013 shares declared short as of Jul 06, there is a failure to deliver in shares of CHTP.
Cooper Tire & Rubber Co (NYSE: CTB) engages in the manufacture and sale of replacement tires primarily in North America. It offers passenger car, light truck, medium truck, motorcycle, and radial medium truck tires. The company sells its tire products in the replacement tire market to independent tire dealers, wholesale distributors, regional and national retail tire chains, and large retail chains. Cooper Tire also offers materials and equipment for the tread rubber industry; and entry level passenger tires. It also markets its products in China. The company was founded in 1914 and is headquartered in Findlay, Ohio. With 61.34 million shares outstanding and 16.46 million shares declared short as of Jul 06, there is a failure to deliver in shares of CTB.
W C I Communities Inc (NYSE: WCI) an integrated homebuilding and real estate services company, engages in the design, construction, and operation of leisure-oriented and master-planned communities. It operates in three segments: Traditional Homebuilding, Tower Homebuilding, and Real Estate Services. The Traditional Homebuilding segment targets leisure-oriented home purchasers. The Tower Homebuilding segment includes sales of lots. The Real Estate Services segment engages in the real estate brokerage, mortgage banking, and title operations. The company also develops and operates amenity facilities; sells selected land parcels; and enters into real estate joint ventures. It conducts its operations in Florida, New York, New Jersey, Connecticut, Massachusetts, Maryland, and Virginia. WCI Communities was founded in 1946 and is headquartered in Bonita Springs, Florida. With 43.75 million shares outstanding and 14.33 million shares declared short as of Jul 06, there is a failure to deliver in shares of WCI.
Ever-Glory International Group, Inc. (OTCBB: EGLY) through its subsidiary, engages in the design, manufacture, and sale of apparel for men, women, and children. Its products include coats, jackets, slacks, skirts, shirts, trousers, jeans, vests, pants, skiwear, and knitwear. The company offers its products to the casual wear, outerwear, and sportswear brands, as well as retailers. It exports its products to Japan, Europe, and the United States. Ever-Glory International was founded in 1993 and is based in City of Industry, California. With 19.97 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of EGLY.
International Automated Systems, Inc. (OTCBB: IAUS) engages in the design, development, and marketing of high-technology products. It offers an automated self-service check-out system and management software. The company provides an automated fingerprint identification machine to verify the identify individuals, as well as products for employee time-keeping and security; access control; and check, debit, and credit card verification. It offers its products for various markets, such as renewable energy production, wireless communications, self-service consumer purchasing, and secured financial transactions. The company was founded by Neldon Johnson in 1986 and is headquartered in Salem, Utah. With 24.56 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of IAUS.
Powerlock International Corp. (OTC: PWLK) distributes innovative security products for the automotive market. The Power Lock is the only vehicle anti-theft device that cannot be circumvented by hot-wiring, the method that accounts for almost all vehicle thefts. They are installed on the vehicle's starter to render it immobile in the event of a theft attempt and are guaranteed to work. The Wheel Safe Electronic Security Alarm System is the world's first wireless anti-theft device for a vehicle's wheels and tires. Each wheel has a wireless electronic sensor mounted on it. This sensor is similar to a traditional wheel balance weight. The actual device is mounted underneath the vehicle's dashboard. If any wheel is removed from its hub, or tampered with, an integrated siren will sound. Wheel Safe may also be integrated to alert the owner via text message on his cell phone in real time. With an undisclosed short position, there is a failure to deliver in shares of PWLK.
NVIDIA nForce(R) Professional Powers Sun Microsystems Servers and Workstations
SANTA CLARA, California, Aug 15, 2006 (PR Newswire Europe via COMTEX) -- Adoption of NVIDIA nForce Professional Core-Logic Solutions Extends Across Sun x64 Server and Workstation Products
NVIDIA Corporation (Nasdaq: NVDA), the worldwide leader in programmable graphics processor technologies, today announced that the Company's family of NVIDIA(R) nForce(R) Professional core-logic solutions has been selected to power new x64 platforms from Sun Microsystems, including servers such as the Sun Fire(TM) X2100 M2, Sun Fire X2200 M2, Sun Fire X4600, and the Sun Blade(TM) 8000, as well as the Sun Ultra(TM) 20 M2 Workstation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020613/NVDALOGO )
"Sun continues to meet its enterprise customers' demands by consistently delivering high-performance, scalable server and workstation solutions that combine the industry's best application performance with robust functionality. The NVIDIA nForce Professional core-logic products have been critical building blocks in allowing us to provide our customers with best-in-class reliability and performance," said Pradeep Parmar, product line business driver for x64 systems at Sun. "More importantly, NVIDIA has been a valued partner in all phases of product delivery and by working closely with them, we have been able to keep Sun's AMD Opteron(TM)-powered server and workstation line at the leading edge of connectivity and performance."
NVIDIA has taken great measures to provide enterprise customers with reliable, available, and serviceable machines. The NVIDIA nForce Professional series of media and communications processors (MCPs) offers enterprise customers a high-performance, scalable platform solution for next-generation AMD Opteron processors with support for DDR2 memory. NVIDIA nForce Professional MCPs support PCI-Express, six SATA 3Gb/sec hard drives, and multiple RAID environments, including RAID 5 for high-speed, fault-tolerant storage capability. The new NVIDIA nForce Professional 3000 series introduced today also integrates dual gigabit Ethernet with aggregate teaming functionality and TCP/IP acceleration to enable servers to handle large amounts of network traffic while freeing up precious CPU cycles to work on other important computing functions. NVIDIA nForce Professional 3000 MCPs also support the IPMI 2.0 specification so that administrators can monitor system health and quickly diagnose and repair issues at the source, which means more uptime and less admin time.
"NVIDIA is excited to work with Sun end-to-end on their workstation and server products. Sun is unsurpassed in its ability to bring powerful and stable systems for the data center to market," said Manoj Gujral, general manager of server business at NVIDIA. "We are proud to collaborate with Sun to deliver the next generation of these machines, providing customers with the highest performing, robust solutions in the market, by utilizing our NVIDIA nForce Professional MCPs."
For more information about NVIDIA nForce Professional MCPs, please visit www.nvidia.com.
About NVIDIA
NVIDIA Corporation is the worldwide leader in programmable graphics processor technologies. The Company creates innovative, industry-changing products for computing, consumer electronics, and mobile devices. NVIDIA is headquartered in Santa Clara, CA and has offices throughout Asia, Europe, and the Americas. For more information, visit www.nvidia.com.
TriPath Imaging Inc.
15.08.06 16:04 Uhr
8,93 USD
+74,41 % [+3,81]
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Börse
NASDAQ
Aktuell
8,93 USD
Zeit
15.08.06 16:04
Diff. Vortag
+74,41 %
Tages-Vol.
22,34 Mio.
Gehandelte Stück
3 Mio.
bellwetherreport.com: Bellwether Report.com Issues an Alert for TriPath Imaging Inc.
Aug 15, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of TriPath Imaging Inc. (Nasdaq: TPTH)
TriPath Imaging wants gynecologists to move from Pap to PREP with its automated cytology equipment, designed to make cervical cancer screenings more efficient and accurate. The company's products include PrepStain, an automated slide preparation system, and SurePath, a cell collection, preservation, and transport system. TriPath's FocalPoint SlideProfiler system pre-screens Pap smears for the likelihood of abnormality. Its TriPath Oncology unit is developing molecular diagnostic tests for cancer in collaboration with Becton Dickinson, which owns a stake in the firm. Roche controls about 21% of the company.
Shares Were up 75% After Becton Dickinson Offers About $350 Million for Rest of TriPath Imaging.
Becton Dickinson and Co., a maker of medical supplies and laboratory equipment, said Monday it is offering about $350 million, or $9.25 per share, for the 93.5 percent of outstanding shares of TriPath Imaging Inc. it doesn't already own.
The news sent shares of Burlington, N.C.-based TriPath soaring in aftermarket trading.
BD said it made the offer after TriPath, which develops products used in cancer detection, solicited the bid. BD said it wants to advance its presence in the cancer diagnostics market.
BD and TriPath have been collaborating on cancer diagnostics work since 2001.
Such an acquisition would be "minimally dilutive" to BD's fiscal 2007 earnings, BD said. If TriPath's board accepts the offer, and following subsequent negotiations, the deal could close in the first quarter of BD's fiscal 2007 year.
MEDIFAST INC
15.08.06 17:20 Uhr
12,35 USD
-30,58 % [-5,44]
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Börse
AMEX
Aktuell
12,35 USD
Zeit
15.08.06 17:20
Diff. Vortag
-30,58 %
Tages-Vol.
39,00 Mio.
Gehandelte Stück
3,1 Mio.
Medifast To Move Listing To NYSE
Aug 15, 2006 (financialwire.net via COMTEX) -- August 15, 2006 (FinancialWire) Diet replacement food maker Medifast, Inc. (AMEX: MED) will list its common stock on the New York Stock Exchange, and has applied to withdraw its listing on the American Stock Exchange.
The company expects to begin trading on the NYSE on August 25, and will retain its MED ticker. Medifast will continue trading on the AMEX until the move. As expected, officials of NYSE Group, Inc. (NYSE: NYX) have welcomed Medifast's decision.
Medifast expects its move to the NYSE to be seamless for the company's shareholders, who will not need to replace any share certificates held.
Owings Mills, Maryland-based Medifast since has grown from around $4 million
DELTA & PINE
15.08.06 18:20 Uhr
40,46 USD
+11,64 % [+4,22]
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Börse
NYSE
Aktuell
40,46 USD
Zeit
15.08.06 18:20
Diff. Vortag
+11,64 %
Tages-Vol.
197,81 Mio.
Gehandelte Stück
5,1 Mio.
Monsanto Company to Acquire Delta and Pine Land Company for $1.5 Billion in Cash
ST. LOUIS and SCOTT, Mississippi, Aug 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Monsanto Company (NYSE: MON) and Delta and Pine Land Company (NYSE: DLP) announced today that they have signed a definitive agreement whereby Monsanto will acquire Delta and Pine Land Company for $1.5 billion in cash. The transaction was unanimously approved by the Boards of Directors of both companies and is subject to Delta and Pine Land shareowner approval, antitrust clearance, and customary closing conditions.
"Delta and Pine Land represents an excellent fit for our company as we look to bring value-added traits and high-quality seed to cotton growers around the world," said Hugh Grant, chairman, president and chief executive officer of Monsanto. "Delta and Pine Land has strong cotton genetics, and we believe Monsanto's leadership in providing the best cotton traits can improve on this already strong base."
Tom Jagodinski, president and chief executive officer of Delta and Pine Land, said, "Monsanto is a leading agricultural products company with a strong track record of growing and integrating diversified businesses. Our companies are a natural fit that will provide a complete platform of cutting-edge seed technologies to our global farmer customer base for years to come."
Delta and Pine Land Company is a leader in the cotton seed industry and currently operates the largest and longest running private cotton seed breeding program in the world. The company's extensive plant breeding programs, including its diverse base of international germplasm, has enabled the company to develop and deliver improved cotton varieties for their farmer customers for more than 90 years.
In recent years, Delta and Pine Land Company has worked to expand its breeding efforts through numerous facilities across the United States and around the world in an attempt to better serve its farmer customers. Upon completion of the acquisition, management of both companies believe the proposed combination creates the opportunity to strengthen both the domestic and international cotton seed business by enhancing penetration of second- generation biotech trait offerings and continuing to invest in breeding to give cotton farmers who plant Delta and Pine Land's cotton seed varieties more choices.
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. For more information, please visit the company's web site at http://www.monsanto.com Cautionary Statements Regarding Forward-Looking Information:
JDS Uniphase Corporation
15.08.06 18:32 Uhr
2,28 USD
+5,07 % [+0,11]
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Börse
NASDAQ
Aktuell
2,28 USD
Zeit
15.08.06 18:32
Diff. Vortag
+5,07 %
Tages-Vol.
45,47 Mio.
Gehandelte Stück
21 Mio.
bellwetherreport.com: Bellwether Report.com is Observing JDSU
Aug 15, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of JDSU (NASDAQ: JDSU)
JDS Uniphase (JDSU) is drawn to the warming glow of optical networks. The company's Communications Products Group makes components, modules, and equipment used to build fiber-optic telecommunications, data, and cable television networks. Its products include source lasers and components that modify and switch optical signals, and modules that amplify and transmit signals. It's Commercial and Consumer Products Group makes commercial lasers, infrared filters, optical components for computer displays and lighting, brand authentication products, decorative pigments, and solar products. JDS Uniphase sells to customers in the communications, commercial, consumer, and defense markets.
Shares were up 2% as company announces former chief executive will lend his expertise in business expansion.
Jozef Straus, the former chief executive of tech-boom darling JDS Uniphase Corp has agreed to become a strategic adviser to a tiny Canadian optical components firm.
Enablence Technologies Inc. which makes components for optical modems used in homes, said on Tuesday that Straus -- known at JDS Uniphase for his always-present beret -- will lend his expertise as Enablence expands its business.
JDS Uniphase, a maker of fiber-optic communications products, is now a shadow of its former self with a share price sitting roughly at the C$2.35 level on the Toronto Stock Exchange. In March 2000, at the peak of the tech boom, it broke C$215 a share.
Its fortunes turned sour soon afterward. As business spending on telecommunications equipment and fiber optics dropped off in 2001, JDS Uniphase laid off thousands of employees and scaled back its operations.
Wind River Systems, Inchttp://isht.comdirect.de/charts/big.chart?hist=1d&type=CONNECTLINE&ind0=VOLUME&¤cy=&&lSyms=WIND.NAS&lColors=0x000000&sSym=WIND.NAS&hcmask=
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Google Inc.
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Yahoo! Inc
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Silver Standard Resources, Inc
15.08.06 21:25 Uhr
22,91 USD
+8,53 % [+1,80]
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Börse
NASDAQ
Aktuell
22,91 USD
Zeit
15.08.06 21:27
Diff. Vortag
+8,53 %
Tages-Vol.
27,59 Mio.
Gehandelte Stück
1,2 Mio
LiquidStockReport.com: The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses
Aug 16, 2006 (M2 PRESSWIRE via COMTEX) -- Stocks To Watch: Sage Global Solutions, Inc. (PinkSheets: SGGL), Total SA (NYSE: TOT), Chevron Corp (NYSE: CVX), US Energy Systems Inc (Nasdaq: USEY), Ormat Technologies Inc (NYSE: ORA)
FEATURED STOCK: Sage Global Solutions, Inc Ticker Symbol SGGL: Current Price (0.75)
Sage Global Forms Strategic Marketing Agreement With Investors Title Company - Could Add Up to $500,000 in New Annual Revenues Tuesday August 15, 4:01 pm ET
IRVINE, Calif. - Sage Global Solutions, Inc. (Other OTC:SGGL.PK - News) announced today that its Express Notary subsidiary has formed a strategic marketing relationship with the Orange County division of Investors Title Company. Under the agreement, Express Notary will provide notary and real-estate closing documentation services for new lenders signed by Investors Title.
Ultimately, Express Notary expects to handle documentation for up to 300 real estate closings per month, which could generate up to $500,000 in new revenue annually for Sage. In its initial stage, Express Notary expects to process at least 100 real estate closings per month generating minimally $15,000 to $25,000 per month in new revenue. The same services will also be marketed system-wide to Investors Title lenders who administer 600 to 700 monthly closings in Orange County alone.
\'\'We are very pleased to be working with this outstanding company. This is the second in what we expect to be a string of new agreements leading to exceptional growth as we have nearly doubled our annual revenue in the past few months,\'\' said Henry Davidson, CEO of Sage Global Solutions, Inc. \'\'The efforts of our team are yielding great results and this is just the beginning. Now that we have relationships within some of the area\'s strongest and most prestigious real estate title groups, we fully expect to be able to continue our growth through internal marketing campaigns.\'\' Based in Chapel Hill, North Carolina, Investors Title Company is a title insurance underwriter that writes policies to protect mortgage lenders and homeowners from unforeseen claims made against title to real property. Established in 1972, Investors Title specializes in residential and commercial title insurance, 1031 exchanges, reverse exchanges, title agency management services and Trust and Capital Management Services.
Express Notary is an online mobile notary service that specializes in loan document closings and has an extensive network of notary agents throughout the U.S. The main focus of the company is real estate documents and legal documents common to the business community. Express Notary\'s mission is to be the most efficient and dependable loan signing service in the nation.
The mission of Sage Global is to present a full spectrum of online financial and insurance services and products for small businesses and the individual retail customer. This acquisition is a significant step toward the Company\'s goal of becoming a complete financial services institution positioning itself as a market leader in a rapidly-growing industry.
Total SA Ticker Symbol TOT: Current Price (67.49)
TOTAL S.A., together with its subsidiaries, operates as an integrated oil and gas company worldwide. The company operates in three segments: Upstream, Downstream, and Chemicals. The Upstream segment engages in exploration and production activities, as well as natural gas transportation and storage, liquefied natural gas and power, trading of liquefied petroleum gas, and coal operations. As of December 31, 2005, it had proved crude oil and natural gas reserves of 11,106 Mboe. The Downstream segment engages in refining, marketing, trading, and shipping petroleum products. It offers fuel oils and heating oils, motor gasoline, avgas and jet fuel, kerosene and diesel fuel, petrochemical feedstock, special fluids, butane and propane, greases, bitumens, and liquefied petroleum gas. The segment holds interests in 27 refineries, as well as distributes its petroleum products through a network of 16,976 retail stations. The Chemicals segment offers petrochemicals, fertilizers, specialties, elastomer processing, vinyl products, industrial chemicals, and performance products. Its products are used in automobile, transportation, packaging, construction, sports and leisure, health and beauty care, water treatment, paper, electronics, and agriculture industries. The company was incorporated in 1924 and is based in Courbevoie, France.
Chevron Corp.
Ticker Symbol CVX: Current Price (67.01)
Chevron Corporation operates as an energy company worldwide. Its petroleum operations consist of exploring, developing, and producing crude oil and natural gas; refining crude oil into finished petroleum products; marketing crude oil, natural gas, and various products derived from petroleum; and transporting crude oil, natural gas, and petroleum products by pipeline, marine vessel, motor equipment, and rail car. The company\'s chemical operations include the manufacture and marketing of commodity petrochemicals, fuel, and lubricating oil additives. It also engages in coal mining, power generation, insurance, and real estate activities. As of December 31, 2005, the company\'s oil-equivalent reserves comprised 9.0 billion barrels. It also had 19 fuel refineries and an asphalt plant, as of the above date. The company was founded in 1879 under the name Pacific Coast Oil Co. and later changed its name to ChevronTexaco Corporation. Further, it changed its name to Chevron Corporation in May 2005. Chevron Corporation is headquartered in San Ramon, California.
US Energy Systems Inc Ticker Symbol USEY: Current Price (4.13)
U.S. Energy Systems, Inc. provides thermal and electrical energy, and energy outsourcing services. The company\'s energy services include the management, development, operation, and ownership of small-to-medium-sized energy facilities. As of December 31, 2004, the company owned 23 green energy projects in the United States with a total of 52MW of electric generation capacity. In addition, the company owned a 50% interest in a partnership that owns and operates a CHP plant, which produces 1.2MWs of electricity and 7MWs of heat, and a 50% interest in a dormant cogeneration facility. U.S. Energy Systems was founded in 1981 and is based in White Plains, New York.
Ormat Technologies Inc Ticker Symbol ORA: Current Price (35.13)
Ormat Technologies, Inc., together with its subsidiaries, operates in the geothermal and recovered energy power business. The company operates in two segments, Electricity and Products. The Electricity segment develops, builds, owns, and operates geothermal power plants, and sells electricity primarily in the United States, Guatemala, Kenya, Nicaragua, and the Philippines. The Products segment designs, manufactures, and sells power units for geothermal power plants; power units for recovered energy-based power generation; and remote power units and other generators, including fossil fuel powered turbo-generators, as well as heavy duty direct current generators. Ormat Technologies offers these products to contractors and geothermal plant owners and operators; interstate natural gas pipeline owners and operators; gas processing plant owners and operators; cement plant owners and operators; and contractors installing gas pipelines. In addition, this segment provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. The company was founded in 1965 and is based in Sparks, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries, Ltd.
16.08.2006 13:58
WALL STREET OUTLOOK - Easier after yesterday's leap; US CPI numbers awaited
LONDON (AFX) - US blue chips are expected to beat a modest retreat in early deals this morning on profit-taking following yesterday's triple-digit advance after benign PPI data, although much will depend on the latest consumer price inflation figures due before the New York open, dealers said.
Spread bettors IG Index expect the DJIA to open around 9 points easier at 11,221 after advancing 132.40 points yesterday as inflation worries eased across the Atlantic following the wholesale inflation numbers.
Angus Campbell of FinSpreads pointed out that 'with the market ending the day very near its highs, it proves that there are still plenty of bulls out there willing to buy stocks when inflationary data is soft.'
However yesterday's tame PPI report will need to be backed up by today's consumer price index report today to confirm that inflation could be under control last month.
The July US CPI is forecast to rise 0.4 pct, after a 0.2 pct rise, although the core CPI rate is seen flat at 0.3 pct.
Investors will also have US housing starts, industrial production, and capacity utilization numbers to digest today.
July housing starts are forecast to come in at 1.81 mln homes, down slightly from June's 1.85 mln reading.
And industrial production is forecast to fall to 0.5 pct in July, down from 0.8 pct in June.
Meanwhile, the latest US weekly oil inventories, to be released as well today, will be keenly analysed for the first impact of BP's partial shut-down of its Prudhoe Bay field in Alaska last week.
Crude prices remained weaker today, with WTI staying below the 73 usd a barrel level as worries over the situation in the Middle East eased after the UN ceasefire took effect in Lebanon.
And OPEC has today lowered its estimate for world oil demand in 2006 by 80,000 barrels a day, citing an unexpected decline in OECD demand in the second quarter, the cartel said in its monthly report for August.
Demand is now expected to grow by 1.3 mln barrels a day to 84.5 mln bpd, it said.
On the corporate front, tech issues should feature after chip equipment maker Applied Materials reported better-than-expected earnings after the close last night.
Applied Materials saw its third quarter earnings jump by 39 pct to 512 mln usd, or 33 cents a share, up from 369.6 mln, or 23 cents a share at the same stage last year, as its revenue jumped 56 pct higher to 2.54 bln usd, up from 1.63 bln.
The results easily beat Wall Street estimates, with analysts expecting profit of 30 cents a share on revenue of 2.44 bln usd.
After-hours today will see the release of earnings news from computer and peripherals manufacturer Hewlett-Packard.
BEA Systems and Synopsys will also report after the bell today.
Ahead of the US open, figures came from cosmetics group Estee Lauder, which saw its fourth quarter net earnings fall on the cost of implementing a cost saving programme and on a special tax charge.
Net earnings from continuing operations, including special charges, declined to 49.1 mln usd, or 23 cents a share, from 66.9 mln usd, or 30 cents per share, in the year-earlier period.
Net sales climbed 5 pct to 1.60 bln usd with increases seen in each product category and geographic region.
newsdesk@afxnews.com
jmh/cml
COPYRIGHT
Caneum, Inc. Announces Record Second Quarter 2006 Financial Results Company Announces 408% Year-Over-Year Quarterly Revenue Increase to $2,211,847 and a Breakeven EBITDA per Share of $0.00 up From a Loss of ($0.08) per Share in Q1 2005
NEWPORT BEACH, CA, Aug 16, 2006 (MARKET WIRE via COMTEX) -- Caneum, Inc. (OTCBB: CANM), a business process and information technology outsourcing services company, today announced that its revenue for the second quarter grew 408% to $2,211,847 from the prior year comparable period of $435,382. The Company also announced that revenue for the second quarter grew 159% sequentially to $2,211,847 over the prior first quarter comparable period of $854,719 and that this marked the 13th consecutive quarter of sequential top line growth. Revenue for the first half of 2006 increased 379% to $3,066,567 over the comparable first half of 2005 of $639,904. Similarly, gross margins for the first half of 2006 increased 26% to 32.2% over the comparable first half of 2005 of 25.6%.
Additionally, the Company posted a second quarter EBITDA loss of $27,597 or $0.00 per share, reduced from the prior year comparable period loss of $376,802, or ($0.08) per share. For the second quarter of 2006, the Company posted a net loss of $258,316, or ($0.04) per share, reducing the net loss 31% compared to the first quarter of 2005 from $376,516, or ($0.08) per share.
The Company, which has customers ranging from start-up to Fortune 500 companies, provides a broad range of business process and information technology outsourcing solutions and attributed its performance to continued strong demand for its outsourcing services, an expanded organic customer base, a higher margin outsourcing service mix and the successful acquisition and integration of TierOne Consulting, Inc. Reported results included:
16.08.2006 15:19
US Vorbörse: Aktien mit dem größten Orderflow
Anbei eine aktuelle Kursliste der US Aktien, die vorbörslich den größten Orderflow pro Zeiteinheit und damit das stärkste Momentum aufweisen.
http://img.godmode-trader.de/charts/8/2005/6042.gif
Oracle Enhances Oracle(R) Validated Configurations With More Solutions and New Partners to Help Deploy Linux Faster Oracle to Demonstrate Oracle Validated Configurations at LinuxWorld Partner Pavilion
LINUXWORLD, SAN FRANCISCO, Aug 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Oracle (Nasdaq: ORCL) today announced the expansion of its Oracle(R) Validated Configurations effort with the addition of new configurations and partners -- Brocade, Cisco Systems and Pillar Data Systems. Now, customers will have access to a broader range of pre-tested and validated architectures .- software, hardware, storage and networking components .- to help accelerate and simplify their Oracle on Linux deployments.
(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
Since June 2006, Oracle's Validated Configurations effort has experienced significant momentum from customers and partners with thousands of downloads from the Oracle Technology Network. Brocade, Cisco Systems and Pillar Data Systems join an extensive roster of industry leading vendors currently involved including, AMD, Dell, EMC, Emulex, HP, IBM, Intel, Network Appliance, Novell, QLogic, Red Hat and Sun, all members of the Oracle PartnerNetwork. Together, Oracle and its team of partners are helping customers accelerate deployment and reduce expensive testing of Linux solutions. Oracle Validated Configurations assist end users in achieving faster time to market, lowered infrastructure costs, and improved performance, scalability and reliability of their Oracle on Linux solutions.
"Customers and partners recognize the tremendous value of Oracle Validated Configurations," said Edward Screven, Chief Corporate Architect, Oracle. "By providing proven architectures tested in real-world environments, we help to speed implementation and to reduce significantly the cost of deploying Oracle on Linux solutions."
When the Oracle Validated Configurations effort was initially embarked on, Oracle and its partners committed to publishing new configurations periodically and updating existing configurations regularly as new versions of the components were released. Delivering on that promise, Oracle today published five new configurations including the most popular technologies and products from Dell, EMC, HP and IBM. These configurations along with the ones already published earlier now provide users with even more choice and flexibility for proven and seamless Linux deployments.
With Oracle Validated Configurations, Oracle is providing customers with faster, hassle-free deployment of Linux solutions. Oracle Validated Configurations are a result of the company's real-world testing environment and provide documented best practices, including details on what to deploy, how to deploy and the most robust hardware and software combinations. As a result, Oracle Validated Configurations can lead to faster problem resolution and reduced support costs, which are critical to customers' success. The Oracle Validation Test Kit has also been made available to the company's partners so they can test and publish Oracle Validated Configurations.
Oracle's Linux Heritage
Since introducing the first database to run on Linux in 1998, Oracle has been committed to furthering Linux adoption across the enterprise. Support has been a hallmark of Oracle's Linux organization since June 2002, when Oracle began providing integrated support for the entire software platform, including the Linux operating system. Currently, customers from around the globe tap Oracle for 24/7 technical support for Oracle on Linux. Oracle's Linux Kernel Group is dedicated to working with Linux vendors and the open source community to provide fixes and develop new functionality to benefit Linux users. According to Gartner's recently published report, "Market Share: Relational Database Management Systems by Operating System, Worldwide, 2005" May 23rd, 2006, Oracle holds 80.6 percent of the Linux relational database management system (RDBMS) marketshare based on total software revenue for 2005. Linux is the fastest growing operating system in the RDBMS market.
Daktronics, Inc.
16.08.06 15:48 Uhr
22,35 USD
-27,83 % [-8,62]
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Börse
NASDAQ
Aktuell
22,35 USD
Zeit
16.08.06 15:48
Diff. Vortag
-27,83 %
Tages-Vol.
59,13 Mio.
Gehandelte Stück
5 Mio.
Daktronics, Inc. Announces First Quarter Results; Orders Up Over 50%, Sales Up 27%, Plant Expansion Completed
BROOKINGS, S.D., Aug 16, 2006 (BUSINESS WIRE) -- Daktronics, Inc. (Nasdaq: DAKT) today reported fiscal 2007 first quarter net sales of $92.2 million and net income of $5.0 million, or $0.12 per diluted share, compared with first quarter net sales of $72.3 million and net income of $4.6 million, or $0.11 per diluted share, one year ago. Backlog at the end of the quarter was approximately $123 million, compared with a backlog of approximately $83 million at the end of first quarter of fiscal 2006.
"Our order bookings for the quarter again exceeded our expectations as evidenced by our backlog which continued to put pressure on our manufacturing capacity," said Jim Morgan, president and chief executive officer. "During the quarter we moved into the new plant addition in Brookings and made considerable progress in getting our new Sioux Falls facility ready, including hiring a number of employees for the Sioux Falls operation who are currently working in Brookings for training."
Morgan continued, "The better than expected growth in orders was attributable to our performance in the sports markets, which were up over 50 percent as compared to last year, and the commercial market, which was up over 70 percent. We are off to a strong start for the second quarter and our order pipeline is strong for both sports and commercial markets.
"We continue to work on meeting the demands of our outdoor advertising customers as they ramp up the deployment of digital billboards. We expect that the Sioux Falls facility, which will focus on serving our outdoor advertising customers, will be functioning by the end of second quarter. We expect to have approximately double the capacity for this niche by the end of the calendar year," said Morgan.
Morgan added, "We also completed two transactions recently as we build our presence in narrowcasting with our investment in Arena Media Networks and FuelCast(SM) Media Networks. Both of these organizations are built on a model of investing in display and network infrastructure, with returns generated through advertising on the network. With our partners in these businesses we have become the digital display network leader in North America in professional sports facilities and petroleum retailers. This helps us develop more recurring revenue opportunities and leverages our investments previously made in software and network infrastructure."
"We had a number of factors contributing to the lower than expected operating margin percent, including our performance on a few large sports projects, which we believe are isolated, resulting in higher than expected costs," said Bill Retterath, chief financial officer. "In addition, the effects of moving our manufacturing into the new facility was slightly higher than we expected and we saw higher health care costs on our self-insured plan. For the future we are optimistic about margin based on the levels we are booking orders. We believe that margin will increase slightly over the first quarter."
"For the quarter, our cash decreased as a result of the investments we made during the quarter. We have increased our estimates for capital expenditures to approximately $41 million due to additional manufacturing equipment and software. This is in addition to the approximately $10 million of investments in digital media operations," Retterath said
Parlux Fragrances, Inc.
16.08.06 20:35 Uhr
6,43 USD
+27,08 % [+1,37]
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Börse
NASDAQ
Aktuell
6,43 USD
Zeit
16.08.06 20:35
Diff. Vortag
+27,08 %
Tages-Vol.
30,44 Mio.
Gehandelte Stück
4,7 Mio
Parlux Signs Letter of Intent to Sell Perry Ellis Fragrance Rights
FORT LAUDERDALE, Fla., Aug 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Parlux Fragrances, Inc. (Nasdaq: PARL) announced today that it has entered into a letter of intent to sell its Perry Ellis fragrance rights to Victory International (USA) LLC ("Victory"). The letter of intent is subject to the execution of a definitive agreement and the approvals associated therewith.
The letter of intent provides for Victory to pay Parlux a total of up to $140 million, $120 million for the fragrance rights and up to $20 million for inventory. Payment terms include a non-refundable deposit of $1 million, $10 million for inventory at closing and up to $9 million upon delivery of the inventory. The balance of $120 million for the rights would be paid in sixty equal monthly installments of $2 million, commencing ninety days after closing.
Ilia Lekach, Chairman and CEO of Parlux, stated, "Victory and others have expressed an interest in acquiring our Perry Ellis fragrance rights in the past. In view of our plans to develop other celebrity fragrance brands, we decided the sale would be appropriate at this time. Perry Ellis has been a very important part of our success and we believe that Victory is the right party to handle this line in the future. Victory has done an excellent job of handling the distribution of our Fred Hayman Beverly Hills product lines and we are confident they will be equally effective with the Perry Ellis brands, for which Parlux has developed a loyal and extensive customer base around the world. Victory also holds the license for the Carlos Santana fragrance brand, among others."
Anil Monga, CEO of Victory International (USA) LLC, said, "We are familiar with Perry Ellis fragrance products and believe its acquisition will strengthen the portfolio of fragrance products we now own. We are pleased they accepted our letter of intent. The relationship with Parlux over the years has been strong and we intend to pursue the necessary approvals to finalize the acquisition within ninety days."
Parlux Fragrances, Inc. is a manufacturer and international distributor of prestige products. It holds licenses for Paris Hilton fragrances, watches, cosmetics, sunglasses, handbags and other small leather accessories in addition to licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund and Fred Hayman Beverly Hills.
Tom Online Inc. - ADS
16.08.06 21:59 Uhr
13,98 USD
+31,39 % [+3,34]
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Börse
NASDAQ
Aktuell
13,98 USD
Zeit
16.08.06 21:59
Diff. Vortag
+31,39 %
Tages-Vol.
30,07 Mio.
Gehandelte Stück
2,4 Mio
About TOM Online Inc.
TOM Online Inc. (Nasdaq: TOMO; HK GEM stock code: 8282) is a leading wireless Internet company in China providing value-added multimedia products and services. A premier online brand in China targeting the young and trendy demographic, the Company's primary business activities include wireless Internet services and online advertising. The Company offers an array of products such as SMS, MMS, WAP, wireless interactive voice response services, content channels, search and classified information, free and fee-based advanced email and online games. As at June 30, 2006, TOM Online is the only portal in China that enjoyed a top three ranking in every wireless Internet services segment.
China: Shanghai oil market starts operation
Shanghai, Aug 18, 2006 (BBC Monitoring via COMTEX) -- Shanghai Petroleum Exchange, China's first bourse for the spot transaction of oil products, formally opened for business on Friday [18 August].
The exchange started with gasoline and will trade bitumen, methanol and glycol in the near future, said sources with the bourse. In the long run, the exchange will launch other petroleum and chemical products including crude and refined oil and liquefied gas. China's petroleum market would see consumption of crude and refined oil accelerate this year, said Gong Jinshuang, senior engineer with the research institute of China National Petroleum Corporation, the country's largest oil producer. Total net imports and output of crude oil in the first half of this year were 161.99m tons, up 8.2 per cent over the first half of last year, and that of refined oil products was 96.85m tons, up 19.2 per cent, said Gong. China's crude oil output totalled 91.66m tons in the first six months, a 2.1-per cent rise on the first half of last year, according to China Petroleum and Chemical Industry Association. In the first half, the country produced 84.82m tons of refined oil products, up 5.6 per cent. The General Administration of Customs said net imports of crude oil were up 17.6 per cent to 70.33m tons from January to June, and that of refined oil products rocketed 48.3 per cent to 12.03m tons.
Source: Xinhua news agency, Beijing, in English 0312 gmt 18 Aug 06
Wall Street Capital Funding LLC: Breaking Market News! August 18, 2006
Weston, FLA., Aug 18, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), Capstone Turbine Corporation (NASDAQ: CPST), Apollo Resources International, Inc. (OTCBB: AOOR), XsunX, Inc. (OTCBB: XSNX) and Tengasco, Inc. (AMEX: TGC)
As long as Unicorp, Inc. (OTCBB: UCPI) continues to issue news, investors may want to keep an eye on the company! Yesterday, after the stock markets closed, the company issued a press release announcing that it has started producing oil from its North Edna Prospect located in Jefferson Davis Parish, Louisiana.
This news continues a string of great news from the company! The Lejuene #1 was originally tested at 175 barrels of oil per day and is now expected to produce approximately 150 barrels of oil per day. Unicorp has a 40% before payout and a 30% after payout working interest in this prospect. This initial well was drilled to a depth of approximately 8,800 feet.
"This discovery is exciting because it will more than double our current revenue and we have three additional offset wells to be drilled in this field," stated Arthur Ley, COO of Unicorp. "We recently announced we have secured a drilling rig to further develop the prospects in which we are participating."
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Unicorp! Earlier this month, Unicorp announced that it has identified a new prospect with potential reserves of $50,000,000 - $75,000,000 in gross revenue and that it will immediately begin operations in order to prepare to drill. While there is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations, Unicorp's net revenue interest would equate to approximately 50% of the gross production. Arthur Ley, COO of Unicorp, was quoted as saying, "This is the first of several prospects we hope to identify with the acquired 3-D seismic and satellite technology that we have ordered over the area."
Unicorp's stock closed yesterday at Sixty Six cents a share.
In case you are not familiar with the company: Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Capstone Turbine Corporation (NASDAQ: CPST) up 5.7% on 1.5 million shares traded.
Capstone Turbine Corporation recently reported results for its first quarter ended June 30, 2006 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2006.
Apollo Resources International, Inc. (OTCBB: AOOR) up 5.1% on 1.2 million shares traded.
Apollo Resources International, Inc. through its subsidiaries, engages in the production and transportation of oil and gas, as well as in the development of alternative fuels. The company owns interests in 151 wells located in the Four Corners area of New Mexico. It focuses on the oil production, as well as on the development of approximately 10 billion cubic feet of natural gas reserves.
XsunX, Inc. (OTCBB: XSNX) down 4.2% on 1 million shares traded XsunX is developing and commercializing innovative new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands.
Tengasco, Inc. (AMEX: TGC) down 3.5% on 652,000 shares traded Tengasco, Inc. recently announced its financial results for the quarter ended June 30, 2006. The Company realized a net income attributable to common shareholders of $720,769 or $0.01 per share of common stock during the second quarter of 2006, compared to a net loss in the second quarter of 2005 to common shareholders of ($132,540) or ($0.00) per share of common stock.
Market Commentary: "Yesterday's morning trading in crude had the drop down by $1.14 per barrel to $70.75 as the weekly supply data was up and OPEC, the Organization of Petroleum Exporting countries, said that there was a reduced demand for oil. This was the lowest cost per barrel for oil since the last week of June,"
U.S. Equity News: CytoDyn Shows U.S. Senate Field Rep That HIV/AIDS is Still a Serious Problem and Bristol-Myers Squibb and Otsuka Pharmaceutical Company Launch New Rapidly Disintegrating Oral Antipsychotic Medication
Aug 18, 2006 (M2 PRESSWIRE via COMTEX) -- City of Industry, CA - Pharmaceuticals Instruments industry alert provided by U.S. Equity News. At the suggestion of CytoDyn, Inc. (OTCBB: CYDY), Joe Trujillo, a senior field representative for U.S. Senator Pete Domenici (R-NM), spent a portion of his summer vacation at the XVI World AIDS Conference held in Toronto from August 12 through August 16, 2006. Trujillo met with several of the U.S. citizens who continue to suffer from the cancers, opportunistic infections, and other medical conditions that characterize AIDS despite much progress in treating the disease. Xenogen Biosciences, which was acquired last week by Caliper Life Sciences Inc., said Thursday it has reached a deal for a target validation collaboration with Schering-Plough Corp. (NYSE:SGP) Schering-Plough Corporation. Financial terms of the agreement weren't disclosed. Under the deal, Xenogen said it will use its serial phenotyping compression technology to "characterize high value targets" resulting from drug discovery research conducted by the Schering-Plough.
Bristol-Myers Squibb Company (NYSE: BMY) and Otsuka Pharmaceutical Co., Ltd. recently announced the launch of ABILIFY DISCMELT(TM) (aripiprazole) Orally Disintegrating Tablets, a new oral form of the antipsychotic medication ABILIFY (aripiprazole) that disintegrates rapidly in the mouth. The U.S. Food and Drug Administration (FDA) approved ABILIFY DISCMELT on June 7, 2006. New interim 24-week data from an ongoing Phase II dose-ranging study with MK-0518 twice daily (n=198), an investigational oral HIV integrase inhibitor under development by Merck & Co., Inc. (NYSE:MRK), Whitehouse Station, N.J., U.S.A., in combination with tenofovir (Viread ) and lamivudine (Epivir ) showed comparable viral load reduction to below 50 copies/mL of HIV RNA (85 to 95 percent of patients) to efavirenz (Sustiva ) once daily combined with the same agents (92 percent).
TiVo Inc.
18.08.06 17:08 Uhr
7,55 USD
+16,33 % [+1,06]
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Börse
NASDAQ
Aktuell
7,55 USD
Zeit
18.08.06 17:08
Diff. Vortag
+16,33 %
Tages-Vol.
37,34 Mio.
Gehandelte Stück
6,5 Mio
TiVo Inc. (Nasdaq: TIVO) Closed at $6.49 The creator of and a leader in television services for digital video recorders (DVR), today announced that U.S. District Court Judge David Folsom granted TiVo's motion for permanent injunction to prevent EchoStar Communications Corp. (Nasdaq: DISH) from making, using, offering for sale or selling in the United States their DVR products at issue in the case (DP-501, DP-508, DP-510, DP-721, DP-921, DP-522, DP-625, DP-942, and all EchoStar DVRs that are not more than colorably different from any of these products). Judge Folsom also ordered ECC to pay TiVo approximately $73.992 million in damages as awarded by the jury, prejudgment interest at the prime rate through July 31, 2006 of approximately $5.638 million, and supplemental damages for infringement through July 31, 2006 in the amount of approximately $10.317 million. Judge Folsom denied EchoStar's request to stay the injunction pending appeal. The injunction extends to all of ECC's affiliates, employees, agents and representatives, and any persons in active concert or participation with them who have notice of the order. The Judge's ruling is final and is appealable.
Dell Inc.
18.08.06 17:14 Uhr
21,18 USD
-7,11 % [-1,62]
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Börse
NASDAQ
Aktuell
21,18 USD
Zeit
18.08.06 17:14
Diff. Vortag
-7,11 %
Tages-Vol.
727,14 Mio.
Gehandelte Stück
41 Mio
Dell gets boost from consumers
Aug 18, 2006 (Milwaukee Journal Sentinel - Knight Ridder/Tribune Business News via COMTEX) -- The day after Dell Inc. announced the recall of 4.1 million notebook computers because of problems with their batteries, a report shows a huge increase in consumer confidence for the company's products.
"Timing is everything, isn't it?" said Jack West, a quality consultant based in Baltimore who wrote the report for the Milwaukee-based American Society for Quality. The report was issued Tuesday.
Based on how Dell has handled the recall so far, however, West predicts that it will not suffer and might even benefit, when it is again rated in the ASQ study next spring. The study rates electronics companies annually.
"I think their reaction was textbook correct," said West, owner of Six Sigma Adventures in Baltimore and a past president of American Society for Quality. "They admitted the problem, they immediately put out what they were going to do to correct it and make the customers whole."
Assuming the company follows up as well as it started, Dell will build loyalty among customers, he said. That will lead to an increase in perceived quality for the company that sells computers, mainly via the Internet.
The company's 2006 score for customer satisfaction is 78, above the industry average of 77. The report is based on interviews with customers.
In the 2005 ASQ report, Dell had fallen badly, posting an index score of 74, down from 79 in 2004. Whereas Dell had been above the industry average in 2004, the 2005 score matched the industry average.
Dell recognized the problem and was investing about $100 million in beefing up customer service in the United States when information was gathered for this year's report, West noted.
Cost Plus, Inc.
18.08.06 17:22 Uhr
10,77 USD
-18,29 % [-2,41]
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Börse
NASDAQ
Aktuell
10,77 USD
Zeit
18.08.06 17:22
Diff. Vortag
-18,29 %
Tages-Vol.
21,10 Mio.
Gehandelte Stück
2 Mio.
The retailer, which offers home items from wine to wicker,
Cost Plus Inc reports second quarter results and Q3 guidance
Aug 18, 2006 (M2 EQUITYBITES via COMTEX) -- Cost Plus Inc (Nasdaq: CPWM), a retail store operator, announced on Thursday (17 August)financial results for its second quarter 2006ended29 July 2006.
Net loss for the second quarter of fiscal 2006 was USD11.3m, compared withnet income of USD1.5m in the corresponding quarter of the previous year.
Net loss per diluted share was USD0.51 in the second quarter of 2006, comparedwith net income of USD0.07 per diluted share in the corresponding quarter of 2005.
Total revenue increased by 6.2% to USD215.3m in the second quarter of 2006, compared to a total revenue of USD202.8m in the second quarter of 2005. The company said year-to-date total revenue for 29 July 2006 was USD428.2m, a 6.3% increase over total revenue of USD402.8m in the corresponding year-to-date period of 2005.
Cost Plus reported that same store sales for the second quarter of 2006 decreased by 3.2%, compared to a 1.7% decrease last year.
In addition, the company said that financial guidance for the third quarter of fiscal 2006 is expected in the range of a loss of USD0.38 to USD0.46 per diluted share.
bebe stores, inc.
18.08.06 17:31 Uhr
21,79 USD
+18,10 % [+3,34]
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Börse
NASDAQ
Aktuell
21,79 USD
Zeit
18.08.06 17:31
Diff. Vortag
+18,10 %
Tages-Vol.
101,78 Mio.
Gehandelte Stück
5 Mio
bellwetherreport.com: Bellwether Report.com Issues an Alert for Bebe Stores, Inc.
Aug 18, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Bebe Stores, Inc. (Nasdaq: BEBE)
Retailer bebe stores offers apparel in two main sizes: slim and none. bebe (pronounced "beebee") designs and sells contemporary women's clothing and accessories under the bebe, BEBE SPORT, and bebe O brands through about 225 stores in the US, Canada, and Puerto Rico; abroad through licensees; and online. The company targets hip, body-conscious (some say "skinny") 21- to 35-year-olds. bebe dropped its bbsp line in favor of the casual BEBE SPORT. bebe licenses its name for items such as eyewear and swimwear. More than 90% of bebe's products are designed in-house and produced by contract manufacturers. Chairman Manny Mashouf founded bebe in 1976 and, with his wife, Neda Mashouf, owns about 75% of the company.
Shares were up 14% after quarterly results.
Shares of Bebe Stores Inc. rose in premarket trading on Friday after the women's apparel retailer posted fiscal fourth-quarter earnings that beat Wall Street expectations, due to a strong boost in sales.
After the closing bell on Thursday, Bebe reported a 13 percent higher profit, as sales rose 11 percent and same-store sales rose 3.5 percent.
Merriman Curhan Ford analyst Erin Moloney reiterated a "Buy" rating on the shares, citing the strong sales momentum fueled by items including dresses and suits, which are also expected to.....
HOKU SCIENTIFIC INC
25.08.06 22:00 Uhr
4,68 USD
+36,05 % [+1,24]
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Börse
NASDAQ
Aktuell
4,68 USD
Zeit
25.08.06 22:00
Diff. Vortag
+36,05 %
Tages-Vol.
22,83 Mio.
Gehandelte Stück
5,3 Mio.
Hoku Soaring 38% in Late Regular Session - Just Off Day's High, Outpacing Pre-Bell Rise
Boston, Aug 25, 2006 (MidnightTrader via COMTEX) -- HOKU is up a lofty 38% as the closing bell approaches, outpacing the 20% rise the stock recorded in today's pre-market and just off its day's high.
The stock kicked off its upside run this morning after Piper Jaffray upgraded HOKU to Outperform from Market Perform.
The upgrade followed a mere 1.7% advance to 3.50 in Thursday night's after-hours session after the company announced a new contract win.
Analyst Actions: Hoku Bid Higher, Stock Upgraded
Boston, Aug 25, 2006 (MidnightTrader via COMTEX) -- HOKU is setting up for a plus-side pre-market open, with top bids coming in at 3.59 to 3.58.
The stock stock gained 1.7% to 3.50 in Thursday night's after-hours session after the company announced a new contract win.
ENERGY PARTNERS LTD
28.08.06 21:26 Uhr
24,09 USD
+30,92 % [+5,69]
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Börse
NYSE
Aktuell
24,09 USD
Zeit
28.08.06 21:26
Diff. Vortag
+30,92 %
Tages-Vol.
251,12 Mio.
Gehandelte Stück
11 Mio.
Stone Energy Corporation Acknowledges Proposal for EPL By ATS Inc.
LAFAYETTE, La., Aug 28, 2006 /PRNewswire-FirstCall via COMTEX/ -- Stone Energy Corporation (NYSE: SGY) was made aware of a proposal from ATS Inc., a wholly-owned subsidiary of Woodside Petroleum Ltd of Australia, in which ATS intends to make a tender offer for Energy Partners, Ltd. (NYSE: EPL). The ATS offer is conditioned on EPL stockholders voting down the current merger agreement with Stone Energy. Stone management and its Board are reviewing and evaluating this announcement from ATS. Stone intends to move forward on the proposed combination with EPL as is contemplated in the merger agreement with EPL.
Stone and EPL will file definitive materials relating to the transaction with the Securities and Exchange Commission (SEC), including one or more registration statement(s) that contain a prospectus and a joint proxy statement. Investors and security holders of Stone and EPL are urged to read these documents and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information about Stone and EPL and the transaction. Investors and security holders may obtain these documents free of charge at the SEC's website at http://www.sec.gov In addition, the documents filed with the SEC by Stone may be obtained free of charge from Stone's website at http://www.stoneenergy.com The documents filed with the SEC by EPL may be obtained free of charge from EPL's website at http://www.eplweb.com Investors and security holders are urged to read the joint proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed acquisition.
Stone, EPL and their respective executive officers and directors may be deemed to be participants in the solicitation of proxies from the stockholders of Stone and EPL in connection with the acquisition. Information about the executive officers and directors of Stone and their direct or indirect interests, by security holdings or otherwise, in the acquisition will be set forth in the proxy statement/prospectus relating to the acquisition when it becomes available. Information about the executive officers and directors of EPL and their direct or indirect interests, by security holdings or otherwise, in the acquisition will be set forth in the proxy statement/prospectus relating to the acquisition when it becomes available.
Stone Energy is an independent oil and natural gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition and subsequent exploration, development, operation and production of oil and gas properties located in the conventional shelf of the Gulf of Mexico, the deep shelf of the Gulf of Mexico, the deepwater of the Gulf of Mexico, the Rocky Mountain region and the Williston Basin. Stone is also engaged in an exploratory joint venture in Bohai Bay, China. For additional information, contact Kenneth H. Beer, Chief Financial Officer at 337-237-0410-phone, 337-237-0426-fax or via e-mail at CFO@StoneEnergy.co
ANADIGICS, Inc.
28.08.06 21:52 Uhr
7,02 USD
+17,00 % [+1,02]
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Börse
NASDAQ
Aktuell
7,02 USD
Zeit
28.08.06 21:52
Diff. Vortag
+17,00 %
Tages-Vol.
61,57 Mio.
Gehandelte Stück
9,6 Mio.
bellwetherreport.com: Bellwether Report.com is Keeping a Close Watch on Anadigics, Inc.
Aug 28, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Anadigics, Inc. (Nasdaq: ANAD)
ANADIGICS makes chips that cook with GaAs. The company makes gallium arsenide (GaAs) and indium phosphide (InP) radio-frequency integrated circuits for cable television systems, wireless communications devices, and fiber-optic equipment. GaAs and InP are costlier than silicon, but their physical properties allow the compound materials to be used for chips that are smaller and faster or more energy-efficient than silicon chips. ANADIGICS' power amplifiers, switches, and other chips can be found in the cell phones, cable modems, set-top boxes, and other gear of Intel (14% of sales), LG Electronics (11%), Kyocera, Motorola, and Scientific-Atlanta.
Shares were up 11% after company agreed to a management-led buyout worth $15 billion.
Shares of Kinder Morgan Inc. rose ahead of Monday's market open, after the energy transportation and storage company said it has agreed to a management-led buyout worth $15 billion.
Kinder Morgan shares rose $3.23, or 3.2 percent, to $104.93 in premarket activity on the INET electronic exchange. The acquisition group includes Chief Executive Richard Kinder, other executives, Goldman Sachs Capital Partners, American International Group Inc., Carlyle Group and Riverstone Holdings LLC.
Shares of online auction site eBay Inc. also rose in premarket trading, up 79 cents, or 3 percent, to $26.09 on the INET. Earlier Monday, eBay and Google Inc. said they inked a new advertising deal under which Google will be the exclusive provider of text advertising on eBay outside the United States. Google shares also rose before the open, up $2.74 to $376 on INET.
First Cash Financial Services (FCFS)
Share price as of Friday's close: $17.74
Share price now: $19.23
Percent change: 8.4%
Volume: 881,175 shares, daily average 312,600
The News
First Cash Financial Services (FCFS: 19.23, +1.49, +8.4%) revved into the used-car business, and investors gave shares of the payday lender a little gas, driving them up 8% on Monday.
The Arlington, Texas, company, which provides short-term, high-interest loans to people who otherwise couldn't get credit, paid $34 million for Auto Master, a privately held Arkansas car dealer with eight "buy here/pay here" locations in Arkansas, Missouri and Oklahoma. Auto Master, which finances vehicles sales to buyers with bad credit, had revenues of $44 million in fiscal 2005, and expects to see sales of $53 million to $55 million for this fiscal year, according to First Cash.
Auto Master is expected to boost First Cash's earnings by the fourth quarter, prompting First Cash to revise its 2006 earnings estimates higher to 96 cents to 97 cents a share from earlier guidance of 94 cents to 95 cents. First Cash lifted its 2007 earnings guidance to $1.25 to $1.30 a share from its earlier estimate of $1.16.
Subprime auto lending is a fragmented and undercapitalized business, according to First Cash. Auto Master uses a similar model as First Cash, which has rolled up small operations to grow to about 380 stores that offer short-term paycheck advances, check-cashing and other credit services. It also has a 50% share of Cash & Go Ltd., a joint venture that owns and operates 40 check-cashing and financial-services kiosks located inside convenience stores.
"We believe that projected population growth trends in the South and Southwest, especially among 'unbanked' or 'under-banked' consumers, should continue to create long-term demand for affordable used vehicles and financing, as well as opportunities for expansion into other markets where First Cash operates," First Cash Chief Executive Rick Wessel said in a prepared statement.
The Analysis
Any company offering financial services to the lower end of the income spectrum will see plenty of demand in an era of $3 a gallon gas prices, rising interest rates and higher housing costs, but investors have already bought into that story pretty heavily, and sold off just as strongly.
First Cash and competitors such as Cash America (CSH: 35.07, +0.54, +1.6%), EZCorp. (EZPW: 37.66, +0.37, +1.0%) and Dollar Financial (DLLR: 18.71, -0.04, -0.2%) had sizable run-ups in the first half of the year and subsequently sold off as investors figured valuations had peaked, says Dan Fannon, an analyst at Jefferies & Co. (Jefferies has a business relationship with Cash America.)
"We've seen this group come in a bit," he says. "These stocks have done well in the current environment. And while certainly you're going to see an accretion in demand for these types of loans and services, you're also going to see an increase in default rates."
Any addition to First Cash's revenue stream is a welcome development in the wake of the state-by-state legal shift that forced many subprime lenders to move out of payday advance loans and adopt a less profitable loan model, says Richard Eckert, an analyst with Roth Capital Partners.
"We view this transaction very positively," he wrote in a research note published Monday. "We had become increasingly concerned [about] competitive and regulatory pressures in the company's payday lending segment, a large driver of growth over the past five to six years."
New state regulations, particularly in Texas, where First Cash has 118 of its 198 domestic locations, cut into its payday loan business, and a move into the subprime auto segment should offset some of that curtailed growth.
The Bottom Line
The subprime storefront lending market's June rebound under new loan rules points to the basic success of a business that works with lower-income borrowers who have few other few options.
If the Texas legislature votes to require a more stringent loan model, which is likely this year, "the entry into the buy here/pay here segment of the automotive market provides meaningful diversification and a potentially powerful avenue of growth," Eckert wrote.
Fannon, who says some of Monday's rise is due to short-sellers unwinding positions after missing their bets that the stock would continue to slide, says there's still room for growth. As of July 11, about 6.8% of First Cash's publicly floated shares were held short, though Fannon says that total likely climbed in the last few weeks.
He says the acquisition was a smart move for First Cash, even if it racks up some debt in the process.
"Because of the short-term nature of these loans and the high profitability of them, there's a lot of cash coming in the door that should support this type of deployment of capital," he says. "Profitability is still accelerating, and historically, they've underpromised and overdelivered."
It might be worth a paycheck or two to find out how First Cash repays its shareholders' investment
Magnus Energy Announces Second Quarter Results and Operational Update
CALGARY, ALBERTA, Aug 30, 2006 (CCNMatthews via COMTEX) -- Magnus Energy Inc. ("Magnus" or the "Company") (TSX VENTURE:MEI.A) (TSX VENTURE:MEI.B) is pleased to announce its financial and operating results for the second quarter of 2006.
Highlights to June 30, 2006
- Emerging light oil discovery at Antler, in Southeast Saskatchewan.
- Production at the end June reached 700 BOE per day including flush production.
- Paradise Valley gas wells tied in and producing.
- 23 wells (14 net) drilled or in progress during the first half, with 18 wells (9.5 net) at Antler with a net 82% success rate.
- Land position of 132,000 gross acres with an inventory of more than 370 potential drilling locations.
- $11 million in bank credit facilities in place at June 30, 2006.
- Raised $10.1 million of equity, and closed the acquisition of KVR Resources Ltd. ("KVR") in the first quarter, 2006.
GrowthStockAnalyst.com: Solar panels become a mandated standard option for all new homebuyers in CA
Aug 29, 2006 (M2 PRESSWIRE via COMTEX) -- Stocks To Watch: Solar EnerTech Corp. (OTCBB: SOEN), Hercules Offshore, Inc (NASDAQ: HERO), Calpine Corporation (OTC: CPNLQ), XO Holdings, Inc. (OTCBB: XOHO), SunPower Corporation (NASDAQ: SPWR)
FEATURED STOCK: Solar EnerTech Corp.
Ticker Symbol SOEN: Current Price (1.46) http://www.solarenertech.com
Solar EnerTech Corp. Acclaims Passing of California Million Solar Roofs Bill SB1 Monday August 28, 9:00 am ET MENLO PARK, CA----Aug 28, 2006 -- Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (the Company) will celebrate this week with the news that California's Million Solar Roofs bill, SB1 authored by Senator Kevin Murray, has finally passed on the Senate Floor by a vote of 36 to 4, and that the solar industry has at last gained bipartisan support for the nation's largest and most comprehensive solar program in the United States.
The bill was signed into law by Governor Schwarzenegger at a ceremony held at the new solar powered CalTrans building in downtown Los Angeles last week.
Throughout the past months after the original Million Solar Roofs bill was defeated by legislature, Solar EnerTech Corp., a California-based company, kept busy building its solar cell production plant in Shanghai, with the firm belief that the bill, or a similar act would someday become law and that the Company would become a supplier for the million solar roofs in its home state.
That day finally came last Tuesday. The new legislation dovetails with the existing Solar Initiative program established by the California Public Utilities Commission in January and moves the State rapidly towards the goal of building a million solar roofs within the next ten years. The primary components of the bill allow for increasing the cap on net metering thereby allowing solar customers to get credits on their electric bill for excess power generated by their personal solar system. SB1 increases the cap from 0.5% of a utility's total load to 2.5% enabling approximately 500,000 new solar system owners access to the net metering program.
Solar panels become a mandated standard option for all new homebuyers, thus empowering new home buyers the choice to add solar panels during new home construction. The bill also directs the California Energy Commission to asses and determine if and when solar power should be mandated on new construction as a standard, non-optional feature.
The law also requires that the state's municipal utilities create a solar rebate program, totaling $800 million in rebate funds to drive municipal utility ratepayers toward solar power and further directs the California State Licensing Board to review current licensing requirements for solar installers in order to determine if they have been adequately trained to install the large numbers of solar roofs expected to be purchased as a result of this program.
The overall effect of the law which is scheduled to come into effect January 1, 2007 is simply stated as having created the largest solar program in the nation and is aiming to build 3,000 MW of solar power -- the equivalent of 6 large power plants -- on homes, businesses, farms, and schools throughout the state.
Solar EnerTech developed its business model and soon-to-be-operational manufacturing facilities in Shanghai founded on the overall growth of the industry with the knowledge that many influential individuals and legislators both in the United States and abroad have shown unyielding commitment to alternative energy sources that have resulted in a number of highly effective programs and initiatives becoming enacted in a relatively short period of time. As a natural result of the increased demands brought about by these new acts, solar cell production supply will become the key for a successful outcome for manufacturers, integrators and consumers alike.
In China, with its sustained annual growth of 10% for more than 20 years and its relatively inexpensive labor and rich natural resources, the Company identified an extraordinary opportunity for a foreign renewable energy company to locate its manufacturing facility there, and Solar Enertech wasted no time grasping this opportunity. Leo S. Young, founder and CEO of the company, was a senior member of a California trade mission to the country last November and along with the participation of Governor Schwarzenegger managed to organize an Energy Round Table in Beijing, at which Schwarzenegger, key business leaders and Chinese high officials met for a series of discussions. During the round table, policies for renewable energy by both governments were discussed, favorable incentive packages were outlined, and a mechanism for communication and cooperation between California and China was established.
Less than two months later, China inaugurated its Renewable Energy Act (in January 2006), and Solar Enertech launched construction of its solar cell manufacturing plant in Shanghai beginning in February. As of today, the Company's infrastructure and production facility are on schedule to begin producing solar cells in late November at the anniversary of the Energy Round Table in Beijing.
About Solar EnerTech Corp. (OTC BB:SOEN.OB - News)
Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
Hercules Offshore, Inc Ticker Symbol HERO: Current Price (32.70) www.growthstockanalyst.com
Hercules Offshore, Inc., through its subsidiaries, provides shallow-water drilling and liftboat services to the oil and natural gas exploration and production industry primarily in the United States and Gulf of Mexico. Its liftboats provide a range of offshore support services, including platform maintenance, platform construction, platform inspection, well intervention, and decommissioning services in shallow waters. The company serves energy companies, and oil and natural gas operators. As of March 17, 2006, it owned a fleet of 10 jackup rigs and 46 liftboats. The company was founded as Hercules Offshore, LLC in 2004. It changed its name to Hercules Offshore, Inc. in 2005. Hercules Offshore is headquartered in Houston, Texas.
Calpine Corporation Ticker Symbol CPNLQ: Current Price (0.35) www.growthstockanalyst.com
Calpine Corporation, an integrated power company, together with its subsidiaries, engages in the ownership, operation, and development of power generation facilities; and sale of electricity, capacity, and related electricity products and services in the United States and Canada. It generates power using natural gas-fired combustion turbine and geothermal technologies. The company's products and services include wholesale energy, renewable energy, turbine parts, and energy management services. It markets electricity produced by its generating facilities to utilities and other third party purchasers; and thermal energy produced by the gas-fired power cogeneration facilities is sold to industrial users. The company offers to third parties energy procurement, settlement, scheduling and risk management services, and combustion turbine component parts. As of December 31, 2005, it owned or leased a portfolio of 73 clean burning natural gas-fired power plants and 19 geothermal power plants at The Geysers in California with a net capacity of 26,459 MW. The company was founded in 1984 and is headquartered in San Jose, California. The company and its subsidiaries filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in December 2005, and operate business as debtors-in-possession.
XO Holdings, Inc Ticker Symbol XOHO: Current Price (4.78) www.growthstockanalyst.com
XO Holdings, Inc., through its subsidiaries, operates as a competitive telecommunications services provider in the United States. It delivers an array of telecommunications services to businesses, agents, and carriers. It operates through two divisions, Wireline and Wireless. The Wireline division provides an array of wireline voice and data telecommunications services, including local and long distance voice, Internet access, and private data networking services, as well as hosting services, including Web hosting and server collocation. It also offers various tools and applications that enable its customers to conduct targeted email marketing; register their Web site with various Internet search engines and directories; build catalogues and sell products over the Web; and coordinate meetings and appointments online. This segment offers these services through a national telecommunications network consisting of approximately 6,700 metro route miles of fiber optic lines connecting 953 incumbent local exchange carrier end-office collocations in 37 U.S. cities. The Wireless division owns Federal Communications Commission licenses to deliver telecommunications services through local, multipoint distribution service, and wireless spectrum in approximately 70 U.S. cities. It primarily designs and deploys wireless communications networks, as well as delivers wireless T-1s, used to provide broadband connections to telecommunications end-users and is capable of delivering voice, data, and bundled telecommunications services; wireless Internet access product that offers customers and carriers a wireless solution for converting to an IP-based communications environment; and wireless Ethernet services, including gigabit Ethernet and intercity Ethernet services. The company also offers broadband wireless services to mobile and wireline communications service providers, businesses, and government agencies. XO Holdings was founded in 1994 and is headquartered in Reston, Virginia.
SunPower Corporation Ticker Symbol SPWR: Current Price (30.35) www.growthstockanalyst.com
SunPower Corporation engages in the design, development, manufacture, and sale of solar electric power products. It offers solar cells, solar panels, and inverters that generate electricity from sunlight for residential, commercial, and remote power applications. The company's solar cells are semiconductor devices that directly convert sunlight into electricity. Its solar cell product includes A-300 solar cell, a silicon solar cell with a specified power value of 3.1 watts. The company's solar panels are solar cells electrically connected together and encapsulated in a weatherproof package. Its solar panel products include SPR-200 and SPR-210 that are larger solar panels, which contain 72 electrically interconnected A-300 solar cells and are specified at 200 and 210 watts; SPR-215, a solar panel with a power rating of 215 watts; SPR-95, a 95-watt solar panel; and SPR-90, a smaller solar panel, which contains 32 electrically interconnected A-300 solar cells and is specified at 90 watts. The company's inverters transform DC electricity produced by solar panels into the common form of AC electricity, and are used in virtually on-grid solar power system and primarily feed power either directly into the home electrical circuit or into the utility grid. Its inverter product line includes three models spanning a power range of 2.0 to 3.2 kilowatts. The company also offers imaging detectors that are back contact light sensor arrays for medical imaging applications, as well as infrared detectors that are semiconductors, which detect light signals primarily for use in computing and mobile phone applications. It markets and sells its products to system integrators and original equipment manufacturers in the United States, Europe, Asia, and other countries. The company was incorporated in 1985 and is headquartered in Sunnyvale, California. SunPower Corporation is a subsidiary of Cypress Semiconductor Corporation.
Genta Incorporated
Sedol: 2364577 Exch: NASDAQ Sym: GNTA.NAS
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Wind River Systems, Inc
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Atheros Communications, Inc
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SULPHCO INC
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GRACE W R CO NEW %)
Sedol: 2232685 Exch: NYSE Sym: GRA.NYS
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Overstock.com, Inc.
30.08.06 19:56 Uhr
19,31 USD
+7,46 % [+1,34]
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Wall Street News Alert: Breaking Investors Alert for Thursday! August 31, 2006 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Aug 31, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Texxon Inc. (OTCBB: TXXN), Sun Microsystems, Inc. (NASDAQ: SUNW), JDSU (NASDAQ: JDSU) and MICROS Systems, Inc (NASDAQ: MCRS).
Texxon Inc. (OTCBB: TXXN) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a pioneer in the field of international telecommunications, issued a press release announcing that it has received coverage from Market Advisors with a Short Term Price of $0.34.
Texxon is a pioneer in developing software that makes it easier and faster for people around the world to communicate despite the many language barriers. The demand for these products that allow users to translate the many forms of communication including voice between English and German, French, Spanish, Italian, Chinese, Japanese, Korean and many more will be astounding.
Automated speech processing is developing into a multi-billion dollar business as consumers tap emerging technologies offered by firms like Texxon, Inc. The global market for speech processing topped the $3.5 billion dollar mark in 2005.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Texxon! Highlights of the report (which is available in its entirety, in the company's press release) include:
-- The products being developed by Texxon and its subsidiaries will allow
their customers the ability to do so much more business over the Internet
and the telephone on a global scale.
-- The company is working on additional acquisitions that will offer
similar operational synergies through mutual networks and technologies as
well as help reduce operational expenses.
-- The company's goals are to expand its wireless product and life
management services throughout the world by adding new related services and
content. Strategic corporate relationships with other companies offer
exciting new revenue opportunities and provide the basis for the company's
infrastructure. This greatly enhances opportunities for US companies doing
business in all sectors, thereby raising the standard of living at home and
abroad.
Prior to the latest press release, the stock closed yesterday at around Fourteen cents a share.
In case you are not familiar with the company: TelePlus Inc., a subsidiary of Texxon, Inc. (OTCBB: TXXN), DBA TelePlus Group, is a leader in the field of international telecommunications, combining wireless technology and advanced proprietary software with the lowest rates and the highest levels of customer service. The company is dedicated to helping people worldwide through proprietary "content in-language" communications tools and services which deliver the highest level of customer service at user-friendly rates. TelePlus Group through its services helps facilitate the expansion of the user's global experiences through business and recreation. TelePlus Group maintains its network operations and primary customer service center at its Los Angeles headquarters. The company also operates several call centers throughout the United States, Europe, and Asia.
Sun Microsystems, Inc. (NASDAQ: SUNW) up 2% on 70.7 million shares traded Sun is in the development of technologies that power the world's most important markets.
JDSU (NASDAQ: JDSU) down 0.3% on 54.2 million shares traded JDSU is committed to enabling broadband & optical innovation in the communications, commercial and consumer markets.
MICROS Systems, Inc. (NASDAQ: MCRS) up 20.6% on 3.2 million shares traded MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide.
Market Commentary:
"In oil, the Energy Department released news that the supply of crude in the U.S. rose by 2.4 million barrels for the week ending August 25. Analysts were expecting a drop, and this is the second week of an increase in supply for gasoline. On the news crude oil prices fell by 61 cents for October to $69.10 per barrel," stated Sonja Rudd
Wall Street Capital Funding LLC: Hot Stock Alert issued on UCPI! August 31, 2006
Weston, FLA., Aug 31, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), National Healthcare Technology Incorporated (OTCBB: NHCT), Midwest Airlines (AMEX: MEH), Energy Conversion Devices, Inc (NASDAQ: ENER) and Transmeta Corporation (NASDAQ: TMTA) Unicorp, Inc. (OTCBB: UCPI) is at it again and investors should keep an eye on the company this morning! Yesterday, after the stock markets closed, the company issued a press release announcing that it has begun operations in preparation for the drilling of its prospect located in Greene County, Mississippi.
News of the upcoming drilling could get the attention of investors! Drilling is expected to commence within the next two weeks and the well will be drilled to a depth of approximately 6,800 feet to test the Upper Tuscaloosa formation. Unicorp will be the designated operator of the project and has approximately a 60% working interest and a 46.8% net revenue interest.
The Lee Walley Well No. 1 was drilled and plugged and abandoned in 1983. The electric log indicated an apparent oil pay at the top of the Tuscaloosa formation which was confirmed by sidewall cores which indicated a good show of oil. The Unicorp well will be located approximately 75 feet from the Lee Walley Well No. 1.
According to the company's press release, based upon cumulative production figures of similar wells in the North Sand Hill Field and the Flat Branch Field, it is estimated that the Unicorp well could have 130,000 barrels of oil reserves which equates to $9,100,000 in gross production at today's price of $70 per barrel. There is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to 46.8% of the gross production.
"If this initial test well is successful we anticipate there to be several other drilling locations in this area," stated Arthur Ley, COO of Unicorp. "Mississippi has not been our core focus but we believe that this represents a low risk opportunity and will continue to seek out other prospects that meet our risk profile."
Earlier this week, the company announced that it has entered into an agreement to participate in the North Laurel Ridge Prospect located in Iberville Parish, Louisiana. According to the company, Total reserves are estimated to be 1,093,000 barrels of oil and 3.3 Bcf of gas. The well is scheduled to be drilled in early September and Unicorp will have a 5% working interest and an approximate 4% net revenue interest in the well.
In addition, the company has recently announced that it has started producing oil from its North Edna Prospect located in Jefferson Davis Parish, Louisiana. Unicorp has a 40% before payout and a 30% after payout working interest in this prospect and stated that "This discovery is exciting because it will more than double our current revenue and we have three additional offset wells to be drilled in this field ."
Unicorp's stock closed yesterday at Seventy Nine cents a share.
In case you are not familiar with the company: Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
National Healthcare Technology Inc. (OTCBB: NHCT) up 100% on 164,000 shares traded.
National Healthcare Technology Inc. recently announced that the Board of Directors has selected a new company name -- Brighton Oil Inc. The Board has approved the name change and will recommend that the shareholders approve the same, and upon doing so the company shall officially cause the name change to Brighton Oil Inc.
Midwest Airlines (AMEX: MEH) up 16% on 897,000 shares traded Midwest Airlines features jet service throughout the United States. Midwest Airlines and Midwest Connect recently stated that passengers whose travel plans change now have the option to receive a confirmed standby seat on an earlier or later Midwest flight the same day. "Being able to confirm a seat on an earlier or later flight is a convenient option for travelers whose schedules are likely to change," explained Scott R. Dickson, Midwest Airlines senior vice president and chief marketing officer.
"Confirmed standby is one more way Midwest is working to make flying as hassle-free as possible." Passengers may request a confirmed standby seat at any Midwest Airlines or Midwest Connect ticket counter or gate within three hours of the scheduled departure of the new flight. If seats are available, the passenger will receive a boarding pass and confirmed seat assignment on the desired flight upon payment of a $25 service fee (plus any difference in government-imposed fees).
Energy Conversion Devices, Inc. (NASDAQ: ENER) up 8.9% on 1.6 million shares traded.
ECD Ovonics is one of the leaders in the synthesis of new materials and the development of advanced production technology and innovative products. Energy Conversion Devices, Inc. recently announced that its subsidiary, Ovonic Battery Company, Inc. (Ovonic Battery), has entered into a patent license agreement in connection with its proprietary nickel metal hydride (NiMH) battery technology with TMK Power Industries Ltd. (TMK) of the People's Republic of China.
Under the consumer battery license grant, TMK has a royalty-bearing, nonexclusive right to make, use and sell NiMH batteries for consumer applications and electric bicycles which are manufactured in China. All other propulsion applications are excluded.
Transmeta Corporation (NASDAQ: TMTA) up 8.7% on 2.9 million shares traded Transmeta Corporation develops and licenses innovative computing, microprocessor and semiconductor technologies and related intellectual property. Transmeta Corporation recently announced financial results for the fiscal 2006 second quarter ended June 30, 2006.
Market Commentary: "In oil, the Energy Department released news that the supply of crude in the U.S. rose by 2.4 million barrels for the week ending August 25. Analysts were expecting a drop, and this is the second week of an increase in supply for gasoline. On the news crude oil prices fell by 61 cents for October to $69.10 per barrel," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
Viacom's Endless Sumner
By Will Swarts
September 5, 2006
Viacom (VIA.B1)
Share price as of Friday's close: $36.97
Share price now: $34.89
Percent change: -5.6%
Volume: 13.4 million shares, daily average 2.5 million
The News
It's always messy after a coup, even a bloodless upheaval like the one that saw Viacom (VIA.B2) Chief Executive Tom Freston deposed and replaced with Philippe Dauman. The turnover at the top was greeted by investors with a 5.6% share-price drop on Tuesday.
The media conglomerate founded by aging Sumner Redstone was supposed to turn into a growth stock after the company carved out CBS (CBS3) at the start of the year. Instead, Viacom's shares have languished, falling as much as 20% at their 2006 nadir, while rivals like News Corp. (NWS4) have climbed 20% year to date.
The arrival at Viacom of deal maker Dauman as CEO, along with Thomas Dooley, his partner in DND Capital Partners, a private-equity firm, signals Redstone's ire at missing acquisition opportunities that have boosted News Corp.'s fortunes. The most notable, of course, was the $580 million purchase of MySpace.com last July. While Redstone, Viacom's chairman, praised Freston's work, particularly with its valuable MTV network, observers saw a heavy hand in the shuffle that put two veteran board members in top jobs.
"Read the headlines and it's 'Freston resigned,' but read between the lines and it's 'Freston was pushed,'" says Hamilton Faber, an analyst at Atlantic Equities, a London research firm that specializes in U.S. stocks.
The sudden boardroom brouhaha followed Viacom's very public severing of ties last month with Tom Cruise. The screen star got the boot after Redstone decided the actor had made all the wrong moves in a bizarre publicity campaign that included leaping up and down on Oprah Winfrey's couch as he proclaimed his love for starlet Katie Holmes during a talk show segment.
"Everyone thought Redstone had gone into semiretirement," says Faber. "First we had the Tom Cruise thing and now the Tom Freston thing. It looks like he's not quite ready to settle down yet."
Major media companies have struggled to redefine themselves as online content assumes a larger role in audiences' consumption habits, even as advertising and sales revenues have failed to keep pace with the volume of traditional income streams. Redstone, 83, is no exception and spoke with the fervor of a recent convert when announcing the executive reorganization on a Tuesday conference call with investors and reporters.
Dauman would be able to find merger and growth opportunities that resonated with "the audience that is defining the digital revolution now," Redstone said. "We need to be more aggressive in doing it. There isn't any time to waste. The landscape is changing rapidly. Those who don't move quickly will be left behind."
The Analysis
Dauman said there was no operational reason to revise Viacom's third-quarter earnings and revenue guidance, which analysts' consensus estimates now put at 49 cents a share on revenues of $2.6 billion. There will be a cost to Freston's removal reports put his severance package at $60 million, $30 million up front and the rest to be paid out over time.
That doesn't mean Wall Street is convinced change at the top means change in the stock. Influential Merrill Lynch analyst Jessica Cohen dropped her rating to Neutral from Overweight after the announcement. J.P. Morgan had already cut its rating on Viacom's stock to Neutral from Overweight in late July.
"This change is unexpected and is not likely to be well received by the Street or the creative community," Cohen wrote. "Mr. Freston had spent over 25 years with MTV and was a key figure in building it into one of the premier entertainment franchises globally. Mr. Dauman and Mr. Dooley, both of whom currently serve on Viacom's Board of Directors, are confidants of Viacom Chairman Sumner Redstone, but do not have significant experience in running a major entertainment company."
The top-floor jostle wasn't a definitive answer for Doug Michelson, an analyst at Deutsche Bank, who wrote as much in a brief note published Tuesday.
"We do not expect this move to lead to a dramatic strategy shift or sale of the company, which of course calls into question the motivation for the change," he wrote. "Mr. Freston was responsible for creating and maintaining an incredibly successful culture at MTV, and his talents will be difficult to replace."
The other replacement question surrounding the switch centers on Redstone's daughter, Shari Redstone, 52, the current vice chairman of Viacom, who is seen as a probable successor to her father.
Sumner Redstone said Tuesday that his daughter had been designated to succeed him "20 or 30 years from now," and added that she "will play an enormous role" in the new management lineup.
After the surprise announcement, which Redstone said the board had considered "for a long period of time," shares dropped as much as 6.3%, but pushed back slightly after the call ended. The mild rebound suggests that the Street didn't fully accept Redstone's explanation that Freston wasn't communicating effectively with the investment community.
The Bottom Line
The MySpace.com deal will remain on top of Redstone's list of missed opportunities for the rest of his days, but it's not immediately clear what acquisitions Viacom's new CEO will pursue.
Dauman's private-equity firm didn't get a lot of attention for its deals after he and partner Dooley, who will become Viacom's chief administrative officer, started up their own shop. Among their bigger transactions were a $25 million deal to launch the Tennis Channel in 2003, and a $60 million deal with Si TV, an English-language television network aimed at Latino viewers.
Adam Gross, vice president of marketing at Jordan Edmiston Group, a New York investment bank that specializes in media transactions, says DND Capital's choice of partners on those deals may offer some indication of Viacom's future acquisition strategy.
"They were working with much more venture capital kinds of partners," Gross says.
Dauman, on the conference call, said the company would look internally as well as externally for further avenues to the digital marketplace.
"It is definitely a growth company in my view," he said.
That view is unsurprising coming from a long-established Redstone lieutenant. If Dauman can in fact unleash pent-up deal-making energy, then there's room for real progress here. But the hastiness of Freston's removal and the vague rationale used to explain it makes this more of a lesson in what happens when you upset Sumner Redstone than a reason to buy the stock.
Fannie Mae Redemption
WASHINGTON, Sep 06, 2006 (PR Newswire Europe via COMTEX) -- Fannie Mae will redeem the principal amount indicated of the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal Security Interest Maturity CUSIP Redemption
Amount Type Rate Date Date
US$ 50,000,000 MTN 5.560% December 12, 3136F7F93 September 18,
2007 2006
Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.
Xerox launches its fastest desktop multifunction printer starting at $2,599; expands reach into small and mid-size markets
TORONTO, Sep. 6, 2006 (Canada NewsWire via COMTEX) --
<<
WorkCentre 4150 and flexible pricing programs bring new capabilities
to customers, growth opportunities to reseller partners
>>
Xerox Canada is adding more multifunction muscle to the network printing market with the introduction of its fastest-ever desktop multifunction system. The Xerox WorkCentre(R) 4150 multifunction printer is designed and sold like a printer but offers copying, scanning and faxing to help people work better in businesses from small to large.
Starting at a base price of $2,599 and with speeds up to 45 pages per minute, the WorkCentre 4150 is the first Xerox multifunction product in its class to be sold through reseller partners and other channels serving a broad base of customers.
In addition, the WorkCentre 7132 colour multifunction system is now available through the reseller channel.
"Small and medium-sized businesses continue to be one of the fastest-growing segments in the market today," said Keith Kmetz, program director, Hardcopy Peripherals Solutions and Services, IDC. "With its continued product additions and focus on moving these products through channels targeted to reach the SMB market, Xerox is positioned to capture growth from new and existing customers."
The WorkCentre 4150 black-and-white multifunction printer is available in four configurations, from a basic copy-only version to an advanced version that prints, copies, scans and faxes. It is the only product in its class to offer environmentally-friendly, automatic two-sided printing on all configurations, making it 11 percent less expensive than competitive products that offer this feature.
The WorkCentre 4150's multitasking abilities - which enable people to print, copy, colour scan and fax at the same time without waiting for a prior job to finish - stand out among the competition. It is the only product in its class to offer features such as Print Queue Management and Automatic Print Around, which lets people move important print jobs to the front of the queue and eliminate "traffic jams" by immediately bypassing jobs in the queue that need special types or sizes of paper. These capabilities help maximize productivity within busy enterprise workgroups.
Step-by-step network installation and a simple touch-screen interface make it easy for offices to set up and maintain the printer, with or without dedicated IT support.
Millennium Bank, based in Portugal, is installing the Xerox WorkCentre 4150 throughout its offices as a critical part of the company's new printing policies designed to reduce paper use and IT support by 20 percent. The bank chose the Xerox WorkCentre 4150 multifunction device to help achieve this goal because the system consolidates print, copy, e-mail, fax and scan requirements, has a small footprint, and is versatile and user-friendly.
The WorkCentre 4150 also offers network authentication, a feature that provides an added level of security for businesses by requiring user names and passwords to access scan, e-mail and fax features. Additional capabilities include ID Card Copy, which can copy both sides of an identification or insurance card onto one page in fewer steps than any competitive product. ID Card Copy is essential for medical and healthcare organizations that want to create patient files faster and reduce paper waste.
Channel Expansion
Joining a family of Xerox colour and black-and-white printers and basic multifunction products currently offered through indirect channels, the WorkCentre 4150 has a simple design that makes it easy to ship, install and maintain either as a desktop or small workgroup device.
"Xerox's reseller partners recognize the growth opportunity in document management solutions," said James Firestone, president, Xerox North America. "They want to partner with an expert in document management, printing and multifunction systems."
In addition to the WorkCentre 4150 multifunction printer, Xerox is expanding its channel offerings by making the previously announced Xerox WorkCentre 7132 colour multifunction system available through authorized reseller partners. The WorkCentre 7132 prints and copies at 32 pages per minute in black and white and 8 ppm in colour. It is designed for small and medium businesses that need advanced monochrome multifunction features, colour scanning and the ability to occasionally print and copy in colour.
Also now available through authorized resellers is ScanFlowStore(R) software, a simple, affordable scanning package designed for small and medium businesses by X-Solutions, a Xerox Business Partner.
Availability
The Xerox WorkCentre 4150 and WorkCentre 7132 are ENERGY STAR(R) compliant and come with the Xerox Total Satisfaction Guarantee. The WorkCentre 4150 is available immediately worldwide through Xerox resellers, distributors, authorized sales agents, dealers, direct sales representatives and concessionaires. The WorkCentre 4150 is also available at www.xerox.com/direct and at 800-ASK-XEROX.
<<
Business and Industry Leaders Discuss Innovation, Globalization and Regulatory Compliance at AGILITY Berlin
SAN JOSE, California, Sep 06, 2006 (PR Newswire Europe via COMTEX) -- Leading European PLM Conference Enables Global Enterprise Companies Across a Range of Industries to Share PLM Best Practices
Agile Software Corporation (Nasdaq: AGIL), a leading provider of product lifecycle management (PLM) solutions, will host its second European symposium, AGILITY Berlin, September 25-26, 2006, at the Grand Hyatt in Berlin, Germany.
The keynote speaker at AGILITY Berlin is Hans Olaf Henkel, one of the most respected top managers in the European business scene. During his impressive career, most notably as former Chairman and Chief Executive Officer of IBM Europe, Middle East and Africa and former President of the Federal Association of German Industries (BDI), Dr. Henkel witnessed and contributed significantly to the successful development of European industry at large.
Agile customers presenting at AGILITY Berlin include Braun, CooperVision, ERBE, Elcoteq, Heinz, JohnsonDiversey, Montaplast, SEW EURODRIVE, Siemens, Thyssen Krupp Presta and Wittenstein. Industry luminaries at AGILITY Berlin include Bruce Richardson, senior vice president, AMR Research, and Dr. Martin Eigner, noted expert in PLM and CAD/CAM and founder of Eigner + Partner.
Key topics to be covered at AGILITY Berlin include:
-- Driving product innovation and product portfolio optimization
-- Accelerating new products to market
-- Achieving success with globalized product development and
manufacturing
-- Ensuring compliance with regulations across a range of areas including
environmental, electronic waste, food, drugs, quality, safety and
medical products
-- Improving quality by incorporating closed loop corrective actions and
'voice of the customer' in product features
-- Managing product development across global outsourced and offshore
design and supply chains
Sponsors of AGILITY Berlin include some of Europe's leading PLM integration partners as well as the following key Agile customers:
-- ICP Solution
-- IHS
-- Kalypso
-- OTS
-- PRTM
-- xPLM Solution
-- Kisters
-- PiSA Repository Technologies
-- ProStep
-- Sinteg AG
"Innovation and increasing profit margins, as well as compliance and globalization, are common concerns and areas of focus for our customers and prospects. AGILITY Berlin provides a forum for companies who want to explore how PLM can help address these critical issues," said Jay Fulcher, Agile CEO and president. "At AGILITY Berlin, attendees will have the opportunity to network with PLM experts, as well as Agile PLM partners, executives and users from Europe and around the world, and learn how PLM can revitalize innovation, streamline product development and deliver rapid ROI."
Wall Street Capital Funding LLC: Aggressive Investors Alert issued on TMJG! September 6, 2006
Weston, FLA., Sep 06, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: Tamija Gold & Diamond Exploration Inc. (OTC: TMJG), Queenstake Resources Ltd. (AMEX: QEE), Golden Star Resources Ltd. (AMEX: GSS), Liberty Star Gold Corp. (OTCBB: LBTS) and Blue Nile, Inc (NASDAQ: NILE) Tamija Gold & Diamond Exploration, Inc. (OTC: TMJG), which began trading yesterday, may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a multi-faceted resource company specializing in the exploration and mining of diamonds and gold, issued a press release announcing that it seeks to develop significant production of gem-quality diamonds.
The company's news, along with a tremendous first day of trading in which the stock more than doubled, could get the attention of investors! The company's initial geological surveys have indicated that Tamija's licensed properties in the Central African Republic ("C.A.R.") include potentially lucrative locations for the discovery and extraction of diamonds. The surveys also indicated encouraging data related to the potential recovery of gold.
Continue to watch this company! According to the press release, the company is now uniquely positioned to receive approval from the government of the C.A.R. for the exploration and production of diamonds and gold. This will enable Tamija to benefit from the decline in worldwide production and the related expected rise in the price of diamonds to further increase its revenues.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Tamija Gold & Diamond Exploration! The press release also states that a recent and significant report by Bloomberg titled "Diamonds to Outpace Metals as Scarcity, Asia Sales Boost Prices," states that, "For the first time in 25 years, diamond production is declining and that may make the world's most coveted stones a better investment than copper, nickel and zinc, this year's top-performing commodities." It went on to say, "A rally in prices will fuel earnings for producers {like} African Diamonds Plc and Petra Diamond Ltd. according to Merrill Lynch & Co. and JP Morgan Chase & Co." The Bloomberg article went on to say, "Diamonds 'have the best fundamentals,' says Evy Hambro who manages the $6.6 billion World Mining Fund for Merrill Lynch," an indication that as an aggressive participant within the diamond mining industry, Tamija should be poised for exceptional future growth.
Prior to the latest press release, the stock closed yesterday at Sixty Two cents a share.
Queenstake Resources Ltd. (AMEX: QEE) up 8.5% on 3.1 million shares traded Queenstake Resources Ltd. recently announced it has intercepted high-grade gold mineralization in underground exploration drilling along extensions of mineralized trends at the Mahala deposit (Smith Mine). Results included intercepts 40 feet grading 1.82 ounces of gold per ton (opt) or 12.2 meters of 62 grams of gold per tonne (gpt) and 30 feet of 0.91 opt (9.1 meters of 31 gpt) along the Mahala Dike Trend and located in close proximity to the current development drift at Smith.
Golden Star Resources Ltd. (AMEX: GSS) up 1.1% on 2.3 million shares traded Golden Star Resources Ltd. is a gold exploration company. Golden Star Resources Ltd. recently advised that the wholesale power utility in Ghana, namely the Volta River Authority, has advised of potential power shortages in Ghana and the need for bulk users (which would include Golden Star) to curtail their power consumption by as much as 25 to 50%.
Liberty Star Gold Corp. (OTCBB: LBTS) up 13.6% on 3.4 million shares traded Liberty Star Gold Corp. recently announced that it has acquired by staking the previously productive Hack Canyon, Hack #1, Hack #2 and Hack #3 uranium mine properties at the North Pipes Super Project, Mojave County Arizona. A total production of about 10 million pounds of uranium oxide was made from these mines between 1980 and 1988, at a grade of about 0.7% uranium oxide.
The mines were discovered, owned and operated by Energy Fuels Nuclear Corp. (EFN) between 1980 and approximately 1990. After that time, because of the precipitous drop in the uranium price due to the Three Mile Island accident and the expiration of their high price sales contracts, EFN closed and reclaimed the mines, removing the mining equipment and hoisting facilities and refilling the shafts and workings and recontouring the surface. Subsequently, EFN ceased business and the mining claims reverted to the Federal government -- U.S. Bureau of Land Management.
The Company has staked mining claims over the mine areas and these are now owned 100% by the Company without royalty or other obligation except for a small yearly rental payment due the Federal government.
Blue Nile, Inc., (NASDAQ: NILE) up 0.6% on 107,000 shares traded Blue Nile is one of the leading online retailers of diamonds and fine jewelry. Blue Nile, Inc. recently reported financial results for its second quarter ended July 2, 2006.
Blue Nile reported net sales of $56.9 million in the second quarter of 2006, compared to net sales of $43.8 million in the second quarter of 2005, an increase of 29.9%. Net income in the second quarter totaled $3.1 million, or $0.18 per diluted share, compared to $2.8 million, or $0.15 per diluted share, in the prior year.
Effective with its fiscal year 2006, the Company adopted the new accounting requirements of Statement of Financial Accounting Standards No. 123R (Revised 2004), "Share-Based Payment", related to expensing stock- based compensation, which reduced net income by $0.03 per diluted share in the second quarter of 2006.
Market Commentary: "The Labor Department will have the big news this week with the jobs report for August. Most experts say the move will be slight with the national average at 4.7% unemployment for July. Intel could announce that they will have large lay-offs, between 10,000--20,000, as a result of lagging semi-conductor sales, analysts note,"
07.09.2006 15:07
US Vorbörse: Aktien mit dem größten Orderflow
Anbei eine aktuelle Kursliste der US Aktien, die vorbörslich den größten Orderflow pro Zeiteinheit und damit das stärkste Momentum aufweisen.
http://img.godmode-trader.de/charts/8/2005/6264.gif
If a Treo Falls in the Woods...
By Will Swarts
September 7, 2006
Palm (PALM1)
Share price as of Wednesday's close: $15.53
Share price now: $14.31
Percent change: -7.9%
Volume: 18.3 million shares, daily average 3.4 million
The News
Shareholders broke into a sweat after Palm (PALM2) announced that its quarterly sales would come in lower than expected due to weak demand for its Treo smartphones. The warning sent shares of the hand-held device maker down 8% by the close of trading Thursday.
The Sunnyvale, Calif., company said late Wednesday that it now expected sales of $354 million to $356 million for its fiscal first quarter ended Sept. 1, down from earlier guidance of $380 million to $385 million. Palm stood by its projection of a per-share profit of 13 cents to 14 cents (18 cents to 19 cents before one-time items). Wall Street analysts had expected Palm to earn 19 cents a share on sales of $383 million. The company posted a profit of 21 cents a share in the year-ago quarter on sales of $342 million.
The news garnered a downgrade from ThinkEquity Partners analyst Jonathan Hoopes, who on Thursday dropped the stock to Accumulate from Buy. "Last time we wrote on Palm, we put the company in the penalty box it appears we should have assumed a more aggressive stance," he wrote, adding that the downgrade comes from increased uncertainty over the company's prospects.
Ed Colligan, Palm's president and chief executive, said the company planned a pair of product launches that would address some of the sales gaps created as competitors such as the Q smartphone from Motorola (MOT3) and the BlackBerry product line from Research In Motion (RIMM4) pick up market share.
Sometime this quarter, Palm is expected to launch its lower priced smartphone, internally code-named "Lowrider," which sends and receives email and has web access like the Treo. Lowrider has fewer bells and whistles than Treo, however, and a much lower price tag. Treos until recently sold for about $400. It's also letting the "Hollywood" phone loose in Europe, where Palm hopes to gain market share against Nokia (NOK5), whose mobiles use the Symbian operating system in a region where Treo loyalists are thin on the ground.
The Analysis
Wall Street may have a little bit of a skewed view here, since its analysts are exactly the sort of people who'd create demand for Palm's high-end smartphones, which just aren't seeing any sales growth. It's a typical trajectory for a cutting-edge consumer electronics product: It starts out as a high-priced offering for early tech adopters, and then it invites competition from below, driving down prices for something that performs basic functions for a larger customer base.
It's been that way since radios made their way into American homes in the 1920s and '30s, and is now seen in the proliferation of low-end digital music players that sell for a fraction of the price of a new iPod from Apple Computer (AAPL6). Now commoditization is slapping an outstretched Palm.
"I think the short story here is that this space has become a little more competitive, and Palm has been a little slower to market with less expensive offerings on the smartphone side," says Tavis McCourt, an analyst at Morgan Keegan & Co., a Memphis, Tenn.-based investment bank. "When the Motorola Q launched at a $199 price point at Verizon (VZ7), which was the largest seller of the Treo, that took some market share." The recent price cut on Treos, to $299, will bite into Palm's margins, he adds.
But the Street was still looking for growth at the high end of the market, even as it becomes clearer that not everyone wants to open file attachments from their cellphone or develop a permanent squint from reading huge volumes of text on a tiny screen.
"There is no sign of increased demand for Treo devices, yet we had expected the Treo to see momentum grow into the [holiday season]," Nollenberger Capital Partners analyst Casey Ryan wrote in a note published Thursday.
The proliferation of choices means Palm no longer towers above its rivals, Deutsche Bank analyst Jonathan Goldberg observed.
"Last night's miss highlights the perilous competitive waters in which Palm swims," he wrote in a note published Thursday. "We expect further choppiness ahead as the company struggles to keep its products (and prices) abreast of a rapidly changing market."
The Bottom Line
The Treo is well-regarded, and Palm still makes nifty wireless information storage and communications devices. But it's no longer the clear breakaway leader that it once was, which ought to prompt investors to think about their attachment to the stock8, if not their own fancy phones.
The planned new offerings, once they get more commercially appealing names and actually hit the markets at which they're aimed, will help Palm shore up its flanks, but they won't return it to dominance.
"This is something from my perspective that they should have had out a while ago, to compete against these lower priced offerings," says Morgan Keegan's McCourt. "More than anything, it's a marketing problem. I think they probably misjudged how much demand there would be in extremely high-end smartphone products. What they hope is that they still dominate that high-end smartphone market, but that's becoming saturated. The next thing for them is to dive into the lower-priced end of the market."
Aiming lower isn't going to help Palm's margins, and its new products aren't going to arrive in time to do much for the current quarter's results. It may be time to hang up on this company for a while and think about redialing when the market shift to increased competition is complete.
China Technology Development Group Corporation
22.09.06 20:38 Uhr
4,452 USD
+41,33 % [+1,302]
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Börse
NASDAQ
Aktuell
4,452 USD
Zeit
22.09.06 20:38
Diff. Vortag
+41,33 %
Tages-Vol.
11,88 Mio.
Gehandelte Stück
2,7 Mio
China Technology Regains Compliance with NASDAQ Stock Market Continued Listing Requirements
HONG KONG, Sept 22, 2006 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") today announced that it has received a formal written notice from the Office of General Counsel of the Nasdaq Stock Market stating that the Nasdaq Listing Qualifications Panel had determined to grant the request of CTDC for continued listing on the Nasdaq Stock Market after the hearing held on September 7, 2006.
The delinquency in CTDC's filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2005 has been cured by the Company's filing of its Annual Report on Form 20-F on September 19, 2006. As a result, the Company has regained compliance with the NASDAQ requirements for continued listing.
On July 21, 2006, the Company announced that due to the delay in the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2005, it had received a letter from the Nasdaq Stock Market indicating that the Company's common stock was subject to delisting pursuant to NASDAQ Marketplace Rule 4310(c)(14). NASDAQ Marketplace Rule 4310(c)(14) requires the Company to make, on a timely basis, all filings with the Securities and Exchange Commission, as required by the Securities Exchange Act of 1934, as amended.
About CTDC:
CTDC is engaged in providing information network security solutions in People's Republic of China. With the acquisition of China Natures Technology Inc. in October 2005 ("CNT", formerly Future Solutions Development Inc.), which develops health food products utilizing bio-active components of bamboo, CTDC also entered the Chinese nutraceutical market. CTDC's major shareholder is Beijing Holdings Limited, a conglomerate with over $3 billion in total assets beneficially owned by the Beijing People's Municipal Government. For more information, please visit our website at www.chinactdc.com Forward-Looking Statement Disclosure
Advanced Analogic Technologies, Inc.
22.09.06 20:46 Uhr
5,49 USD
-22,68 % [-1,61]
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Börse
NASDAQ
Aktuell
5,49 USD
Zeit
22.09.06 20:46
Diff. Vortag
-22,68 %
Tages-Vol.
15,72 Mio.
Gehandelte Stück
3,8 Mio
AnalogicTech Updates Outlook for Third Quarter and Second Half of 2006
SUNNYVALE, Calif., Sept 21, 2006 /PRNewswire-FirstCall via COMTEX/ -- Advanced Analogic Technologies Incorporated (AnalogicTech) (Nasdaq: AATI), a developer of power management semiconductors for mobile consumer electronic devices, today provided an updated outlook for the third quarter ended September 30, 2006, and the second half of 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO )
Based upon preliminary data for the quarter ending September 30, 2006, AnalogicTech expects to report revenue of approximately $19 to $20 million, and a GAAP net loss of $0.04 to $0.06 per share. The company estimates gross profit margins in the third quarter to be 55% to 57% of revenue, which reflects a change in product mix. For the second half of 2006, AnalogicTech expects to report revenue of approximately $39 to $42 million, exclusive of any contribution from its pending acquisition of Analog Power Semiconductor Corporation (APSemi).
The company previously announced it expected third quarter revenue in the range of $22 to $24 million, and, on a GAAP basis, a net loss of $0.01 to net income of $0.01 per diluted share. For the second half of 2006, the company previously estimated revenue in the range of $51 to $54 million.
Results for the third quarter and the second half of 2006 are anticipated to be below previous expectations primarily due to lower sales in Korea and Taiwan and softness in the wireless handset market.
AnalogicTech will release full financial results for the third quarter on October 26, 2006, after the market closes and will host a conference call for analysts and investors to discuss the results at 5:00 p.m. Eastern Time. To participate in the live call, analysts and investors should dial (800) 218-9073 at least ten minutes prior to the call. AnalogicTech will also offer a live and archived webcast of the conference call, accessible from the company's investor relations website at www.aati.com or via the corporate website, www.analogictech.com. A telephonic replay of the conference call will also be available until 11:59 p.m. Pacific Time on Monday, October 30, 2006, by dialing (800) 405-2236 and entering the passcode: 11072060#. Callers outside the U.S. and Canada may access the replay by dialing (303) 590-3000 and entering the passcode 11072060#.
About AnalogicTech
Advanced Analogic Technologies Incorporated (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Sunnyvale, California, with offices in South Korea, Taiwan, Hong Kong, Macau, Shanghai, Shenzhen, Beijing, Japan, Sweden, UK, and France, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: www.analogictech.com. (AnalogicTech - F)
Talk America Holdings Inc.
22.09.06 21:26 Uhr
8,0599 USD
+22,68 % [+1,4899]
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Börse
NASDAQ
Aktuell
8,0599 USD
Zeit
22.09.06 21:26
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+22,68 %
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9,77 Mio.
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Talk America to Be Acquired by Cavalier Telephone & TV
NEW HOPE, Pa., Sep 22, 2006 (BUSINESS WIRE) -- Talk America (NASDAQ: TALK) announced today that it has entered into a definitive merger agreement with privately-held Cavalier Telephone & TV based in Richmond, Virginia. Under the terms of the agreement, Cavalier will acquire all of Talk America shares for $8.10 per share in cash, representing total consideration of $251 million.
The merger of Talk America and Cavalier will create one of the largest competitive communications companies in the United States with over $750 million in revenue and $130 million in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amoritization). The combined company currently serves over 550,000 residential customers, 85,000 business customers and employs over 2,000 people. At closing, the new Cavalier will serve customers in 6 of the top 20 metropolitan services areas in the country, including Atlanta, Baltimore, Cleveland, Detroit, Philadelphia and suburban Washington, DC.
Cavalier is one of the fastest growing and most innovative telecommunications companies in the United States, serving residential and commercial customers with an expansive product portfolio. In May of this year, Cavalier became one of the first companies in the country to roll out Internet Protocol TV over its state-of-the-art network completing its triple play service offering of voice, video and high speed internet service. Cavalier also serves commercial customers, state and federal government customers and provides wholesale services to carriers.
Ed Meyercord, CEO of Talk America commented, "The merger with Cavalier will significantly enhance Talk America's competitive position in the market by adding Cavalier's high quality and leading edge product portfolio to our service offerings and by leveraging their extensive fiber network which overlaps our core markets in Michigan, Ohio and the Southeast." At closing, Mr. Meyercord will become CEO of Cavalier and report to Brad Evans, current CEO of Cavalier, who will become Cavalier's Executive Chairman.
Mr. Evans commented, "The combination brings the strengths of two of the nation's most successful competitive carriers together. Talk's state-of-the-art back office support system, their extensive sales and marketing distribution channels and Cavalier's advanced network architecture will help provide our combined customers the newest and most advanced telecommunications' solutions in the marketplace."
Talk America has received an opinion from its financial advisors that the transaction is fair to its shareholders from a financial point of view. The transaction, expected to close in December, has been approved by both companies' boards of directors and is subject to Talk America shareholders' approval, regulatory approvals and other closing conditions.
Talk America was advised by The Blackstone Group in connection with this transaction. Cavalier was advised by Jefferies & Company, Inc. Wachovia Bank, N.A. has issued commitment letters for financing this transaction.
About Talk America
Talk America, is a leading competitive, integrated communications provider that offers phone services and high speed Internet access to both business and residential customers. Services include local and long distance phone service, and data services such as high-speed connectivity, security, web hosting, and network services. Talk America delivers value in the form of savings, simplicity and quality service to its customers through its leading edge network and award-winning back office.
About Cavalier Telephone, LLC
Cavalier Telephone is a facilities-based, full-service local telephone company (CLEC) offering the latest in advanced telecommunications products, including advanced telephone features and high-speed Internet access for business and residential customers. Cavalier Telephone currently services over 35,000 business and 215,000 residential customers in Richmond, Hampton Roads, Northern Virginia, Maryland, Philadelphia, Delaware, Southern New Jersey, and the District of Columbia. For additional information regarding Cavalier Telephone, visit the company's website at www.cavtel.com or contact Andy Lobred at (804) 422-4100.
Synthesis Energy Systems Announces Agreement with GTI to Expand and Extend Technology License Rights
HOUSTON, Sep 25, 2006 (BUSINESS WIRE) -- Synthesis Energy Systems, Inc. ("SES") (OTC:SYMX) announced today that it has reached agreement with the Gas Technology Institute ("GTI") to expand and extend the term of its licensing rights for the U-GAS(R) gasification technology. Under the new agreement, SES has expanded its rights to the U-GAS(R) technology to global exclusivity and extended the term of the agreement to 30 years. Under the agreement, SES has also obtained limited rights to use highly reactive renewable fuels such as biomass, peat, and pulp mill residues in combination with U-GAS(R). Coincident with the license expansion, GTI has become a shareholder in SES.
"Once again, we are delighted to expand our relationship with GTI and welcome them as a new shareholder," stated Timothy Vail, President and CEO of SES. "We continue to see commercial opportunities on a global basis to deploy gasification technology to meet the needs of large energy customers. Gasification, and the U-Gas (R) technology in particular, address the environmental and energy security issues of the markets that we will operate in. Our expanded relationship with GTI allows us to leverage the gasification technology developed by GTI over the past thirty years as well as the expertise of the GTI team."
The U-GAS(R) gasification technology is at the core of the SES strategy to convert low cost and low quality coal into high value commodities, such as synthesis gas. The addition of renewable fuels in combination with U-GAS(R) technology broadens the portfolio of offerings that SES can make to customers and partners on a global basis. SES projects can cleanly produce multiple commodities such as electricity, steam, hydrogen, carbon monoxide, nitrogen, and oxygen for use in diversified manufacturing operations from computer chips to petrochemicals, or as a basic building block for synthetic fuel production including methanol, ethanol, and diesel fuel.
About Synthesis Energy Systems
Synthesis Energy Systems, Inc. is an energy technology company that deploys proprietary environmentally responsible technology to efficiently gasify low value fuels to replace high cost energy and chemical products sold to major global markets. With its proprietary U-Gas(R) technology (licensed from the Gas Technology Institute), SES can turn low cost coal and biomass into high value synthesis gas. Synthesis gas can be used as fuel for power applications or as high value chemical intermediate to produce transportation fuels such as diesel, ethanol, and methanol. SES technology performs this gasification without the harmful emissions normally associated with coal fired energy production. SES currently has offices in Houston, Texas, Shanghai and Beijing, China. More information can be found at http://www.synthesisenergy.com or by calling (713) 579-0600.
About GTI
GTI is the leading research, development and training organization serving the natural gas industry and energy markets. For more than 60 years, GTI has been meeting the nation's energy and environmental challenges by developing technology-based solutions for consumers, industry, and government.
SHELL BUYS 75% STAKE IN CHINA'S LARGEST PRIVATE LUBRICANT OIL CO
BEIJING, Sep 25, 2006 (AsiaPulse via COMTEX) -- Oil giant Royal Dutch Shell has bought a 75 per cent stake in China's largest privately owned lubricant oil company Tongyi, making it the third-largest in China's lubricants market, the firm said on Friday.
"The transaction will increase Shell's global finished lubricants volume by 8 per cent, giving it approximately 16 per cent of the global branded finished lubricants market," the company said in a statement, without giving the financial details of the deal.
"China is the fastest-growing consumer lubricants market in the world, which is to grow annually by 10 per cent at least until 2010," said David Pirret, executive vice-president of lubricants at Shell. "Growing our business in such an important market is critical to extending our leadership in the world market."
"It is also in line with Shell's strategy of profitable downstream through leveraging our portfolio in high-growth markets."
Shell said its lubricants business in China has experienced strong growth over the past few years. It has three lube oil blending plants in China with a total capacity of about 200,000 tons per year.
Tongyi has grown rapidly in 13 years to become China's third-largest lubricants company. It has a network of 2,000 distributors and 90,000 retailers across China and has three lube oil blending plants with a total annual capacity of 600,000 tons.
Commenting on the deal, Lim Haw-Kuang, executive chairman of Shell China, said: "Taking a major stake in a successful Chinese company is a clear demonstration of Shell's ability to deliver on its strategic growth aspirations in the east and positions us as one of the leading international energy companies operating in China today."
This year the Dutch company plans to invest US$500 million in both the upstream and downstream sectors of oil production to increase its presence in the competitive Chinese energy market.
Lim said Shell would spend the money on everything from oil and gas exploitation to downstream refining and oil retailing.
The company plans to add more than 200 retail sites in East China's Jiangsu Province through its joint venture with Sinopec (SSX:600028, SEHK:0386) over the next six months. Shell has an agreement with Sinopec to build 500 sites in Jiangsu. Of those, 200 have been established.
In its upstream business, Shell is working with PetroChina (SEHK:0857) to develop the Changbei gas field in Northwest China's Shaanxi Province. The project is expected to supply gas to Beijing and Tianjin municipalities, and Hebei and Shandong provinces before 2008.
(XIC)
(C) 2006 Asia Pulse Pte Ltd
Viacom Announces Revised Employment Agreement for Executive Chairman Sumner M. Redstone New Pay-for-Performance Plan Cuts Cash Compensation and Increases Equity Compensation Tied to Shareholder Returns
NEW YORK, Sept 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Viacom Inc. (NYSE: VIA and VIA.B) announced today that it has entered into a revised employment agreement with Sumner M. Redstone, its Executive Chairman. The agreement reduces cash salary and bonuses effective January 1, 2007 and immediately directly links the majority of Mr. Redstone's compensation to superior shareholder returns.
In taking this step, Mr. Redstone and the Compensation Committee of the Viacom Board are extending the equity driven approach to compensation and incentives adopted by Viacom in its recently announced agreements with Philippe P. Dauman, Viacom's President and Chief Executive Officer, and Thomas E. Dooley, Viacom's Senior Executive Vice President and Chief Administrative Officer.
Robert Kraft, Chairman of the Compensation Committee of Viacom's Board of Directors, said: "We are delighted to conclude this agreement with Mr. Redstone, who is joining Philippe Dauman and Tom Dooley in tying his future compensation so closely to the performance of Viacom's stock. This is a highly progressive arrangement that will put the compensation of Viacom's most senior executives directly in line with the interests of its shareholders. These revamped packages signal a new direction in Viacom's strategy for compensating its senior executives and result from the significant progress the Viacom Board has made in replacing guaranteed cash compensation with performance-based rewards."
Sumner M. Redstone said: "As both a major shareholder and as the Executive Chairman of the company, I have long been in favor of the pay-for-performance model, which I believe is good for shareholders and good for the company. I want to commend the Compensation Committee for not only listening to our stockholders, but for their leadership, creativity and discipline in creating this new shareholder-friendly compensation structure."
Under the terms of the new agreement, beginning in 2007, Mr. Redstone's salary will be reduced to $1 million per year (from current $1.75 million), and deferred compensation, presently $1.3 million per year, will be eliminated. His target cash bonus under Viacom's short-term incentive plan will be reduced from $6.1 million to $3.5 million per year. Mr. Redstone will receive an annual award of stock options having a grant-date value of $3 million. He will also receive an annual award of performance share units (PSU's) with a grant-date target value of $3 million.
The value, if any, realized from PSU's will depend on the total shareholder return of Viacom Class B common stock compared with the total shareholder return of companies comprising the Standard & Poor's 500 Composite Index over a measurement period of, in general, three years and, in certain circumstances, earnings per share over the period. Mr. Redstone also agreed to convert, effective September 27, 2006, an approximate $9.4 million deferred compensation account balance to stock option equivalents having a Black-Scholes value of $9.4 million. The option equivalents will have an exercise price equal to the closing price of Viacom's Class B common stock on the conversion date and will vest over four years.
About Viacom
Viacom is a leading global entertainment content company, with prominent and respected brands in focused demographics. Offering programming and content for television, motion pictures and digital platforms, Viacom's world-class brands include MTV Networks (MTV, VH1, Nickelodeon, Nick at Nite, Comedy Central, CMT: Country Music Television, Spike TV, TV Land, Logo and more than 130 networks around the world), BET Networks, Paramount Pictures, Paramount Home Entertainment, DreamWorks and Famous Music. More information about Viacom and its businesses is available at www.viacom.com.
Barrick Increases Stake in Pioneer to 89%
TORONTO, ONTARIO, Sep 25, 2006 (MARKET WIRE via COMTEX) -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX)(LSE: BGD)(SWX: ABX) announces that it has taken up and accepted for payment, approximately, an additional 5.5 million common shares of Pioneer Metals Corporation that were tendered to its Offer after September 11, 2006, which represent approximately 8.5% of the outstanding shares. Together with the approximately 52 million shares taken up by Barrick on September 11, 2006, Barrick now owns approximately 58 million shares, representing approximately 89% of the outstanding shares.
Barrick has extended its offer to acquire all of the outstanding common shares of Pioneer for Cdn $1.00 in cash per share to 6:00 pm (Vancouver time) on October 19, 2006. A notice of extension will be mailed to Pioneer shareholders today.
Copies of the Circular for Pioneer Metals Corporation are available on Barrick's website at www.barrick.com, from the Canadian System for Electronic Document Analysis and Retrieval at www.sedar.com.
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner. Barrick's shares are traded on the Toronto, New York, London, and Swiss stock exchanges.
Nortel Announces Videotron is Expanding VoIP Service Across Quebec with Nortel Cable VoIP Solution Nortel Global Services to Speed Service Deployment Through Multivendor Integration