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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
Diff. Vortag
+22,68 %
Tages-Vol.
9,77 Mio.
Gehandelte Stück
1,3 Mio.
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
MONTREAL, Sept 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Videotron, Quebec's leading cable operator and integrated communications supplier, has signed a multi-year agreement with Nortel(x) (NYSE/TSX: NT) as its primary VoIP technology and professional services provider to expand full-featured telephony services to its 1.5 million customers.
"Demand for Videotron's cable telephone service has been strong," said Daniel Proulx, senior vice-president, Engineering, Videotron. "With Nortel's proven VoIP solutions and SIP multimedia portfolio, we are confident we can meet current and future needs of our customers as we expand our network to make cable telephone services available to homes and businesses throughout our service area in the province of Quebec."
Nortel is providing Videotron with a complete, end-to-end VoIP solution incorporating Nortel IMS-ready technology and Nortel Global Services. This includes project management, multi-vendor integration and testing, security assessment, and deployment to help ensure a smooth end-to-end network implementation. Nortel is also providing technical support, emergency recovery and repair services to enhance ongoing reliability.
"Nortel has powerful momentum in the cable VoIP market by helping cable providers rapidly and cost-effectively offer new voice, video and data services," said Tom Buttermore, general manager, Global Cable Solutions, Nortel. "The strength and experience of our Global Services gives Videotron a powerful ally in expanding cable telephony offer across their service area."
Videotron has selected Nortel's efficient VoIP architecture to increase network capacity and speed delivery of innovative, bandwidth-intensive services. The Nortel solution is also designed to help Videotron consolidate switching resources to minimize capital, operating and engineering costs commonly associated with network expansion while providing the foundation to support future roll out of multimedia services like video calling, unified messaging, and remote collaboration. The deployment will also create a platform to enable the future evolution to a SIP-based IP Multimedia Subsystem (IMS) service delivery architecture.
Videotron's network will feature PacketCable-qualified Nortel Communication Server (CS) 2000-Compact softswitches as well as the Nuera BTX 4000 media gateway purchased through Nortel. Videotron will be using both PacketCable and SIP protocols to create a comprehensive offering of residential and business services. Videotron's VoIP service will leverage their existing Optical DWDM and SONET network, which uses the Nortel Metro Ethernet Networks portfolio including the Optical Metro 5100 and Optical Metro 3500 to provide IP voice transport and business services to more than 16 locations in the Quebec-Montreal-Toronto corridor.
Originally launched in January 2005, Videotron's cable telephone service had 283,000 subscribers on June 30th, an increase of 120,000 in the first half of 2006. Videotron's cable telephony service is available in 74% of its total service area.
Nortel ranked number one in the global market for service provider softswitches and gateways for the first half of 2006, according to Synergy Research Group. Nortel's cable solutions have been selected by leading operators around the world and span video and video on-demand transport, voice and multimedia communications, high-speed data services, managed network services for business customers, and next generation access.
Nortel's Global Services include a full range of integrated services for design, deployment, management and maintenance of end-to-end multi-vendor network solutions, including seamless migration to next generation technologies.
About Videotron
Videotron Ltd. (www.videotron.com), a wholly owned subsidiary of Quebecor Media Inc., is an integrated communications company engaged in cable television, interactive multimedia development, Internet access services, residential telephone service and wireless phone service. Videotron is a leader in new technologies with its illico interactive television system and its broadband network, which supports high-speed cable Internet access, analog and digital cable television, and other services. As of June 30, 2006, Videotron was serving 1,521,000 cable television customers in Quebec; including 545,000 illico subscribers. Videotron is also the Quebec leader in high-speed Internet access, with 726,000 subscribers to its cable modem and dial-up services. In addition, Videotron provides residential and commercial telephone service to more than 283,000 customers in Quebec. Since August 2006, Videotron also offers wireless phone service.
About Nortel
Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most critical information. Our next-generation technologies, for both service providers and enterprises, span access and core networks, support multimedia and business-critical applications, and help eliminate today's barriers to efficiency, speed and performance by simplifying networks and connecting people with information. Nortel does business in more than 150 countries. For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
Acorda Therapeutics, Inc.
25.09.06 21:34 Uhr
7,51 USD
+238,29 % [+5,29]
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Acorda Therapeutics, Inc.
25.09.06 21:34 Uhr
7,51 USD
+238,29 % [+5,29]
bellwetherreport.com: Bellwether Report.com Issues Alert for Acorda Therapeutics, Inc.
Sep 25, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Acorda Therapeutics, Inc. (NASDAQ: ACOR)
Acorda Therapeutics hopes its products really get on your nerves. The company is developing therapeutics that would restore neurological function for patients with spinal cord injury and other central nervous system disorders. Its lead drug candidate is Fampridine-SR, which enhances conduction in the myelin layer of nerves damaged by blunt trauma or from multiple sclerosis (MS). The drug is delivered by a sustained release system developed for the firm by the Elan Corporation. Acorda's other drug candidates include valrocemide, a treatment for epilepsy, as well as drugs for MS. The company has also acquired from Elan the rights to market and sell muscle relaxant Zanaflex in the US.
Shares are up 189% due to trial results.
Acorda Therapeutics saw its shares rocket higher after
Acorda Therapeutics' Treatment For MS Receives Positive Results In Study
Sep 25, 2006 (financialwire.net via COMTEX) -- September 25, 2006 (FinancialWire) Acorda Therapeutics Inc. (NASDAQ: ACOR) received positive results from its Phase 3 clinical trial of Fampridine-SR on walking in people with multiple sclerosis.
Statistical significance was achieved on all three efficacy criteria defined by the Food and Drug Administration.
A significantly greater proportion of people taking the drug had an improvement in walk speed compare to people taking a placebo. The effect was maintained throughout the fourteen week trial study period.
Spectrum Pharmaceuticals, Inc.
25.09.06 21:45 Uhr
5,00 USD
+43,27 % [+1,51]
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Börse
NASDAQ
Aktuell
5,00 USD
Zeit
25.09.06 21:45
Diff. Vortag
+43,27 %
Tages-Vol.
25,68 Mio.
Gehandelte Stück
6,4 Mio.
bellwetherreport.com: Bellwether Report.com is Tracking Spectrum Pharmaceuticals Inc.
Sep 25, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI)
Spectrum Pharmaceuticals sees a rainbow of opportunities in its two-part strategy. The drug developer aims to license, develop, and bring to market cancer therapeutics that have reached the human clinical trial phase of development. Lead anti-cancer candidate satraplatin is in Phase III trials for prostate cancer and has FDA fast track status. Other candidates target bladder cancer and non-Hodgkin's lymphoma. To help fund this work, Spectrum also aims to acquire and bring to market generic drugs. So far it has acquired rights to knock-offs of Bayer's Cipro antibiotic, Pfizer's Diflucan anti-fungal agent, Bristol-Myers Squibb's Paraplatin ovarian cancer therapy, and GlaxoSmithKline's migraine therapy Imitrex.
Shares are up 41% due to positive results from drug trial.
Spectrum Pharmaceuticals Inc., GPC Biotech AG and Pharmion Corp. also gave investors
Pharmion Corporation
25.09.06 21:58 Uhr
21,55 USD
+19,66 % [+3,54]
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Börse
NASDAQ
Aktuell
21,55 USD
Zeit
25.09.06 21:58
Diff. Vortag
+19,66 %
Tages-Vol.
49,96 Mio.
Gehandelte Stück
2,4 Mio
Pharmion Corporation announces positive results from Phase 3 satraplatin trial
Sep 25, 2006 (M2 EQUITYBITES via COMTEX) -- Biopharmaceutical companies Pharmion Corporation (Nasdaq: PHRM) and GPC Biotech AG (Frankfurt Stock Exchange: GPC; TecDAX index; Nasdaq: GPCB) reported on 24 September positive results from the satraplatin Phase 3 trial for hormone-refractory prostate cancer (HRPC).
The SPARC trial (Satraplatin and Prednisone Against Refractory Cancer) is a double-blinded, randomised, placebo-controlled multinational Phase 3 trial assessing satraplatin plus prednisone as a second-line chemotherapy treatment for patients with HRPC.
According to Pharmion, the study has shown that the results for progression-free survival (PFS) are highly statistically significant using the protocol-specified log-rank test. PFS is the primary endpoint for submission for accelerated approval in the US and will also serve as the primary basis for a Marketing Authorisation Application (MAA) in Europe.
GPC Biotech has submitted two of three sections of a rolling submission of a New Drug Application (NDA) with the US FDA for satraplatin as a second-line chemotherapy treatment for HRPC and expects to complete the filing by the end of 2006. Pharmion plans to file an MAA for Europe in the first half of 2007.
Heftig:):
Broadcom Corporation
25.09.06 22:01 Uhr
30,36 USD
+9,01 % [+2,51]
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Börse
NASDAQ
Aktuell
30,36 USD
Zeit
25.09.06 22:01
Diff. Vortag
+9,01 %
Tages-Vol.
871,73 Mio.
Gehandelte Stück
31 Mio
Stocks to Watch for Tuesday, Sept. 26, 2006: WYDY -- Who's Your Daddy Signs Distribution Agreement With Markstein Beverage a Current Distributor for Anheuser-Busch! NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.
ATLANTA, GA, Sep 26, 2006 (MARKET WIRE via COMTEX) -- Market Pulse is pleased to introduce our featured stock, Who's Your Daddy, Inc. (OTCBB: WYDY), to the investment community! Who's Your Daddy is new to Market Pulse and is poised to become a significant player in the energy drink industry! WYDY has had several excellent news announcements out lately and one again before today's opening bell announcing it has entered into an agreement with Markstein Beverage Company to distribute its entire line of "King of Energy" Drinks, including its Regular, Sugar Free, and Green Tea, in North County San Diego, California! Investors should be watching this one closely! Other notable stocks that should be watched because they look great lately from a fundamental and technical perspective include:
Microsoft Corp. (NASDAQ: MSFT) : Market Outperform
Universal Property Development and Acquisition Corp. (OTCBB: UPDA) : Attractive
Altria Group Inc. (NYSE: MO) : Bearish
Recommendation Meanings
These recommendations are investment opinions of Market-Pulse.com and reflect the stock's potential to move over the next one to four weeks of trading. This analysis is done from a technical and fundamental perspective.
After Monday's Bell Market Commentary
On Monday, the markets closed higher as home sales dropped for the fifth month in a row. Crude-oil futures briefly dipped below $60 a barrel. Light sweet crude for November delivery briefly fell as low as $59.52 a barrel, then bounced up to settle at $61.45, an increase of 90 cents for the day. The U.S. dollar was mixed against major currencies. Gold prices fell. The Dow Jones industrial average gained 67.71, or 0.59 percent, to 11,575.81. The Nasdaq composite index rose 30.14, or 1.36 percent, to 2,249.07. The Standard & Poor's 500 index rose 11.59, or 0.88, to 1,326.37. The Russell 2000 index was up 8.46, or 1.18 percent, at 727.09.
Exactech Gains FDA Clearance for DBM with Bone Chips, Optecure(TM)+CCC
GAINESVILLE, Fla., Sept 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- Exactech, Inc. (Nasdaq: EXAC), a producer and distributor of bone and joint restoration products including orthopaedic implants and biologic materials, announced today that the Food and Drug Administration (FDA) has issued 510(k) clearance for a new formulation of the company's Optecure(TM) allograft which includes cortical cancellous bone chips.
According to Bruce Thompson, senior vice president and general manager of Exactech's Biologics Division, "Optecure+CCC is the latest addition to Exactech's platform of demineralized bone matrix (DBM) products. Optecure+CCC offers the same unique handling characteristics that have made Optecure DBM the choice of leading spine surgeons throughout the country. The Optecure+CCC formulation contains osteoconductive bone chips, providing surgeons with a wider range of products for application-specific solutions." Thompson said that additional Optecure products are currently in development.
Optecure+CCC is indicated for use as a bone graft extender in the extremities, spine and pelvis and as a bone void filler in the extremities and pelvis. Initial surgeries are expected to take place by the end of 2006, and a national market launch is scheduled for the first quarter of 2007.
Exactech launched the Optecure line in early 2005 as its entry into the biologics segment of the spine reconstruction market. Designed and manufactured according to processes developed and validated by Exactech, Optecure is comprised of DBM in a synthetic bioabsorbable polymer carrier. This innovative carrier was licensed from Genzyme Corporation and represents the foundation of the product platform. Optecure was the first FDA-cleared medical device that includes human DBM as a component.
A distinguished group of spine surgeons are participating in a prospective randomized clinical evaluation of Optecure DBM. They are meeting prior to the annual meeting of the North American Spine Society in Seattle, Wa., to discuss their early results and experiences to date.
About Exactech
Based in Gainesville, Fla., Exactech develops and markets orthopaedic implant devices, related surgical instruments and biologic materials and services to hospitals and physicians. The company manufactures many of its orthopaedic devices at its Gainesville facility. Exactech's orthopaedic products are used in the restoration of bones and joints that have deteriorated as a result of injury or diseases such as arthritis. Exactech markets its products in the United States and in more than 25 countries in Europe, Asia, Australia and Latin America. Copies of Exactech's press releases, SEC filings, current price quotes and other valuable information for investors may be found at http://www.exac.com and http://www.hawkassociates.com.
Nochmals hoch:
Acorda Therapeutics, Inc.
26.09.06 16:06 Uhr
11,30 USD
+32,94 % [+2,80]
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Börse
NASDAQ
Aktuell
11,30 USD
Zeit
26.09.06 16:06
Diff. Vortag
+32,94 %
Tages-Vol.
70,35 Mio.
Gehandelte Stück
8,6 Mio
bellwetherreport.com: Bellwether Report.com Issues Alert for Acorda Therapeutics, Inc.
Sep 25, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Acorda Therapeutics, Inc. (NASDAQ: ACOR)
Acorda Therapeutics hopes its products really get on your nerves. The company is developing therapeutics that would restore neurological function for patients with spinal cord injury and other central nervous system disorders. Its lead drug candidate is Fampridine-SR, which enhances conduction in the myelin layer of nerves damaged by blunt trauma or from multiple sclerosis (MS). The drug is delivered by a sustained release system developed for the firm by the Elan Corporation. Acorda's other drug candidates include valrocemide, a treatment for epilepsy, as well as drugs for MS. The company has also acquired from Elan the rights to market and sell muscle relaxant Zanaflex in the US.
Shares are up 189% due to trial results.
Acorda Therapeutics saw its shares rocket higher after
Acorda Therapeutics' Treatment For MS Receives Positive Results In Study
Sep 25, 2006 (financialwire.net via COMTEX) -- September 25, 2006 (FinancialWire) Acorda Therapeutics Inc. (NASDAQ: ACOR) received positive results from its Phase 3 clinical trial of Fampridine-SR on walking in people with multiple sclerosis.
Statistical significance was achieved on all three efficacy criteria defined by the Food and Drug Administration.
A significantly greater proportion of people taking the drug had an improvement in walk speed compare to people taking a placebo. The effect was maintained throughout the fourteen week trial study period.[/QUOTE]
Merix Corporation
26.09.06 20:04 Uhr
10,65 USD
-24,20 % [-3,40]
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Börse
NASDAQ
Aktuell
10,65 USD
Zeit
26.09.06 20:04
Diff. Vortag
-24,20 %
Tages-Vol.
27,58 Mio.
Gehandelte Stück
2,9 Mio.
bellwetherreport.com: Bellwether Report.com is Observing Merix Corp.
Sep 26, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Merix Corp. (NASDAQ: MERX)
The company is a leading manufacturer of advanced multilayer printed circuit boards (PCBs), complex interconnection platforms used within electronic equipment to link components, such as integrated circuits. Merix also provides product design, engineering, and quick-turn prototyping services. The company's top customers include Cisco Systems (20% of sales), Juniper Networks, Motorola, Nokia, Nortel Networks, Robert Bosch, TRW Automotive, and Visteon. Leading contract electronics manufacturers, such as Solectron, also use Merix's products.
Shares are down 24% after cutting quarterly earnings.
Dunce Cap for CEO
By Will Swarts
September 26, 2006
Career Education (CECO1)
Share price as of Monday's close: $21.15
Share price now: $24.20
Percent change: 14.4%
Volume: 6.6 million shares, daily average 1.4 million
The News
Shareholders got an upbeat lesson in corporate governance Tuesday when shares of Career Education (CECO2) closed up 14% on news that founder and longtime CEO John Larson resigned from his executive post. Replacing Larson is board member Robert Dowdell who will serve as interim CEO while the company seeks fill the slot permanently sometime in the next six months. Larson, meanwhile, will retain his role as chairman of the board.
Wall Street hailed the latest bit of housecleaning in the principal's offices of the beleaguered for-profit operator of technical schools and colleges. Among the cheerleaders for the management change was UBS analyst Kelly Flynn, who raised her rating on the stock to Neutral from Reduce that helped lift the shares.
Another catalyst for Tuesday's bump was quite possibly short-sellers, who previously bet the stock would go down and are now covering their positions in hopes of minimizing the damage to their negative bets. As of Aug. 10, 8.9% of the company's public shares were held short.
Even with the much-heralded management changes, the Hoffman Estates, Ill. company still carries plenty of risks. In early August, the company reported a second-quarter loss of 49 cents a share, a startling shortfall from Wall Street's earning estimate of 48 cents a share. Earnings would have been 36 cents a share if it weren't for one-time losses from so-called goodwill impairment charges of $85 million to its health-care education segment. The company then announced it would no longer provide financial guidance to Wall Street. The stock dropped 30% following the news.
On a conference call Monday, Larson, who built Career Education into the country's second-largest for-profit school operator, said he thought his move out of the driver's seat was the right one. "As the company matures and transitions into its business model, this is an appropriate time for me to transition and step into a different role," he said. "We didn't get to be the size we are standing still. But I want to assure you again that things are under control at the company and our many colleges."
The Analysis
An assurance like that would be strange at most companies, but Career Education faces more trouble than a substitute teacher in a room full of rowdy eighth-graders. The company has been plagued by accreditation troubles, federal investigations into its financial statements, declining enrollments and bad press that included being the focus of a highly negative story in a January episode of "60 Minutes."
Last December, Career Education's American InterContinental University unit, which includes its online education segment, was placed on probation by the Southern Association of Colleges and Schools. The accreditation body cited problems with academic standards at several AIU campuses, including problems maintaining academic integrity as far back as 2004. In December, the group will meet to determine the schools' fate.
Meanwhile, the Securities and Exchange Commission has been eyeing the company's books. Some inquiries continue and there is an overhang of potential fines and civil charges against the company.
Change at the top can only help, wrote Robert Craig, an analyst at Stifel Nicolaus.
"This 'signal' of more significant change along with compliance changes made to date may in fact help improve the company's standing with regulators and expedite resolution of outstanding issues, in our view," wrote Craig in a research note published Tuesday.
Alexander Paris, an analyst with Barrington Research in Chicago, agrees, saying that once Career Education's regulatory and legal issues are resolved, it can concentrate on retrenching its problem schools. About twenty schools, including the Katherine Gibbs chain of secretarial schools, are unprofitable or are suffering from declining enrollments. Last quarter, the company said it would close, sell or rehabilitate its problem properties, but the executive shuffle has likely pushed that back, Paris says.
"They've had a tremendous speed bump in the evolution of this company," he says.
Now, the new CEO will have to focus on internal reform rather than the acquisition-led growth that characterized Larson's tenure, says Kristan Rowland, who covers for-profit education for Morningstar. "He led firm to be the No. 2 company in the industry, but at this point in the story they really need somebody with a strong operating background, so I think the change is a positive thing," says Rowland.
The Bottom Line
Investors won't want to hear it, but Career Education isn't getting back on the honor roll any time soon.
"It may get worse before it gets better in terms of financials," says Paris. "From an investor's perspective, we analysts expect at least four more down quarters in terms of earnings growth."
Full-year earnings estimates project profits of $1.68 a share, a 28% earnings drop from 2005. That'll get worse in 2007, when estimates drop another 6% to $1.59 a share.
"There's nothing fundamental that would make you want to run out and buy the stock right now," he says.
Investors in Career Education's stock are certainly learning some rough investing lessons even with Tuesday's jump. It's just proof that not all learning happens in the classroom.
Barr Launches Generic Actiq Cancer Pain Management Product
09-27-06 08:46 AM EST
DOW JONES NEWSWIRES
A unit of Barr Pharmaceuticals Inc. (BRL) launched a generic version of Cephalon Inc.'s (CEPH) cancer-pain-management drug Actiq.
Woodcliff, N.J., generic-drug maker Barr Laboratories Inc. said Wednesday it is producing six different concentrations of the pain treatment also known as fentanyl citrate.
Cephalon initially filed a patent-infringement lawsuit but settled with Barr in February, Barr said.
Cephalon currently provides Barr with the drug manufactured under Cephalon's new drug application.
The U.S. Food and Drug Administration is reviewing Barr's own abbreviated new drug application to produce the treatment, the company said.
BUYINS.NET: GTE, HDTV, IFOX, JAS, MTEX, UWNK Have Been Added To Naked Short List Today
Sep 27, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list:
GlobeTel Communications Corp. (AMEX: GTE), SpatiaLight Inc. (NASDAQ: HDTV), Infocrossing Inc (NASDAQ: IFOX), Jo Ann Stores Inc (NYSE: JAS), Mannatech Incorporated (NASDAQ: MTEX), uWink, Inc (OTCBB: UWNK).
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 103.9 million shares outstanding and 4.94 million shares declared short as of August 2006, there is a failure to deliver in shares of GTE.
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 2.91 million shares declared short as of August 2006, there is a failure to deliver in shares of HDTV.
Infocrossing Inc. (NASDAQ: IFOX) and its subsidiaries provide information technology (IT) outsourcing solutions to commercial and government enterprises primarily in the United States. It offers mainframe outsourcing services and nonmainframe services. The company's mainframe outsourcing solutions include mainframes management. Infocrossing's nonmainframe services and solutions comprise midrange systems management, open systems management, business process outsourcing, email security services, and business continuity. Its midrange systems management provides support and outsourcing resources for its customers that rely on AS/400 and iSeries computer systems. The company's open systems management provides onsite hosting and remote management of customers' hardware and software running on Linux, Unix, and Windows servers for both Internet-based and other applications. Its business process outsourcing services include healthcare claims processing, payroll, accounts receivable management, payment processing, logistics, data entry, and customer care services. The company also provides customized IT services, including the development of proprietary software to meet the IT processing requirements. Infocrossing's email security service provides customers spam blocking; virus scanning, identification, cleansing, and content filtering; and policy enforcement. Its business continuity services comprise disaster-planning assistance, which include the provision of alternate office site, including desktop workstations, phone systems, and conventional office infrastructure, such as fax and copier machines, networked printers, and conferencing facilities. The company was founded in 1984. It was formerly known as Computer Outsourcing Services, Inc. and changed its name to Infocrossing, Inc. in 2000. The company is headquartered in Leonia, New Jersey. With 21.61 million shares outstanding and 3.46 million shares declared short as of August 2006, there is a failure to deliver in shares of IFOX.
Jo Ann Stores Inc (NYSE: JAS) operates as a specialty retailer of crafts in the United States. It operates retail stores under the names of Jo-Ann Fabrics and Crafts and Jo-Ann, which offer a range of merchandise used in sewing, crafting, and home decorating projects, including fabrics, notions, crafts, frames, paper crafting material, artificial and dried flowers, home accents, finished seasonal, and home decor merchandise. As of January 28, 2006, Jo-Ann Stores operated 838 stores in 47 states. The company was founded in 1943 and is based in Hudson, Ohio. With 24.1 million shares outstanding and 5.83 million shares declared short as of August 2006, there is a failure to deliver in shares of JAS.
Mannatech Incorporated (NASDAQ: MTEX) develops nutritional supplements, topical products, and weight-management products. The company formulates its products using naturally-occurring, plant-derived, carbohydrate-based ingredients that are based on phytochemistry and glycobiology. Its primary products include Plus, Classic Plus, Advanced Plus, Glycentials Vitamin and Mineral Supplement, Life Enhancement Pack, Ambrotose AO, and Ambrotose that offer various nutritional supplements for general overall optimal health; Ambrotose complex, CardioBalance, Immunostart, Ambrotose Bulk, Mannacleanse, PhytAloe, PhytAloe Bulk, GI-Pro, GI-Zyme, and Ambrotose with Lecithin, which concentrate on specialized nutrients for wellness management of the body; Manna-C, AmbroStart, Mannatonin, and Wellness Water Bottle to support physiological functions; and Sport and Empact that provide nutrition to support optimal physical performance and maintain muscle mass. In addition, the company offers Accelerator 2, Catalyst with Ambroglycin, Fiber Full, and GlycoSlim Meal Replacement Drinks in Vanilla and Chocolate, which concentrate on body nutrition and weight management system; Glyco-Bears and MannaBears that enable nutrition to children for health and wellness; and AmbroDerm, Emprizone, and Firm that deliver antioxidants for skin care, such as natural texture, softness, and elasticity. As of December 31, 2005, the company offered 25 nutritional products, 3 topical products, and a weight-management system consisting of 4 different products. It operates in the United States, Canada, Australia, the United Kingdom, Japan, New Zealand, the Republic of Korea, Taiwan, and Denmark. The company sells its products through its network-marketing system of independent associates and members. Mannatech was founded in 1993 and is headquartered in Coppell, Texas. With 26.46 million shares outstanding and 3.27 million shares declared short as of August 2006, there is a failure to deliver in shares of MTEX.
uWink, Inc. (OTCBB: UWNK) engages in the design and development of interactive entertainment software and platforms for restaurants, bars, and mobile devices in the United States. It develops uWink Media Bistro, an interactive entertainment restaurant concept that enables customers to order food, drinks, and games/media at their table through touch screen terminals. The company also licenses SNAP!, a countertop video game terminal technology; and Bear Shop, an entertainment vending platform technology for animated point of purchase vending. uWink was founded in 1982 and is based in Los Angeles, California. With 18.96 million shares outstanding and 10,518 shares declared short as of August 2006, there is a failure to deliver in shares of UWNK.
Stocks to Watch for Wednesday, Sept. 27, 2006: WITM - Wits Basin Announces Positive Business Development Update and Surface Drilling Program at Bates-Hunter Mine is Underway!
ATLANTA, GA, Sep 27, 2006 (MARKET WIRE via COMTEX) -- Market Pulse is pleased to introduce our featured stock,
Wits Basin Precious Minerals Inc. (OTCBB: WITM), to the investment community! Wits Basin Precious Minerals is new to Market Pulse and is poised to become a significant player in the mining and mineral exploration industries! WITM has had several excellent news announcements out lately and one again before today's opening bell announcing a positive business development update and that the surface drilling program at Bates-Hunter Mine is now underway! This could be great news for investors! Other notable stocks that should be watched because they look great lately from a fundamental and technical perspective include:
Apple Computer Inc. (NASDAQ: AAPL) : Market Outperform
Napster Inc. (NASDAQ: NAPS) : Attractive
Red Hat Inc. (NASDAQ: RHAT) : Bearish
Recommendation Meanings
These recommendations are investment opinions of Market-Pulse.com and reflect the stock's potential to move over the next one to four weeks of trading. This analysis is done from a technical and fundamental perspective.
After Tuesday's Bell Market Commentary
On Tuesday, a report from the Federal Reserve Bank of Richmond that showed the region's economy strengthened this month. The bank's manufacturing index came in at 9 versus 3 in August. Light crude oil settled down 44 cents at $61.01 a barrel. The dollar was mixed against other major currencies, while gold prices rose. Investors buoyed by rising consumer sentiment lifted the markets to a higher close. The Dow closed at its second highest level ever. The Dow gained 93.58, or 0.81 percent, to 11,669.39. The Nasdaq composite index rose 12.27, or 0.55 percent, to 2,261.34. The Standard & Poor's 500 index rose to a five-and-a-half-year high, gaining 9.97, or 0.75 percent, to 1,336.34. The Russell 2000 index was up 2.52, or 0.35 percent, at 729.61.
Red Hat, Inc.
27.09.06 21:28 Uhr
20,19 USD
-23,29 % [-6,13]
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Börse
NASDAQ
Aktuell
20,19 USD
Zeit
27.09.06 21:28
Diff. Vortag
-23,29 %
Tages-Vol.
1,00 Mrd.
Gehandelte Stück
58 Mio.
bellwetherreport.com: Bellwether Report.comisObserving Red Hat Inc.
Sep 27, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Red Hat Inc. (NASDAQ: RHAT)
The company dominates the market for Linux, the open-source computer operating system (OS) that is the chief rival to Microsoft's Windows operating systems. In addition to its Red Hat Enterprise Linux OS, the company's product line includes database, content, and collaboration management applications; server and embedded operating systems; and software development tools. Red Hat also provides consulting, custom software development, support, and training services. In June 2006 the company acquired JBoss for about $350 million.
Shares are down 23% after second quarter profit slip.
FULLER H B CO
27.09.06 21:29 Uhr
25,23 USD
+23,98 % [+4,88]
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Börse
NYSE
Aktuell
25,23 USD
Zeit
27.09.06 21:29
Diff. Vortag
+23,98 %
Tages-Vol.
82,07 Mio.
Gehandelte Stück
3,4 Mio.
bellwetherreport.com: Bellwether Report.com is Looking at HB Fuller Co.
Sep 27, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of HB Fuller Co. (Nyse:FUL)
Long known for making adhesives, the company also makes sealants, powder coatings for metals (office furniture, appliances), and liquid paints (for the Latin American market). Its industrial and performance adhesives customers include companies in the packaging, graphic arts, automotive, footwear, woodworking, and nonwoven textiles industries. In addition to metal coatings and paints, the company's Full-Valu/Specialty group produces construction products, principally ceramic tile installation products (through TEC specialty products) and HVAC insulating coatings (through Foster products).
Shares were up 18% after third quarter profit.
H.B. Fuller Co., which makes adhesives, paints and other products, said Tuesday its fiscal third-quarter profit grew 56 percent, aided by productivity gains and a more profitable business mix, and forecast that fourth-quarter profit will also beat Wall Street's expectations.
H.B. Fuller shares jumped $1.75, or 8.6 percent, to $22.10 in aftermarket trading. They had closed down 31 cents at $20.35 on the New York Stock Exchange, where they've traded between $14.04 and $28 over the past year.
Quarterly income grew to $24.2 million, or 40 cents per share, from $15.5 million, or 26 cents per share, in the year-ago period. Revenue for the period ended Sept. 2 rose to $388.9 million from $358.1 million.
Wall Street had been expecting a profit of 33 cents per share on sales of $369.1 million, according to an analyst poll by Thomson Financial.
During this year's quarter, the company said it sold fewer of its products -- volume was down 7 percent from the prior-year period -- at higher prices -- selling prices rose nearly 6 percent.
"We are shifting the paradigm, transforming the business into a more profitable specialty chemical company," Chairman and Chief Executive Al Stroucken said in a statement.
FoxHollow Technologies, Inc.
27.09.06 21:46 Uhr
32,85 USD
+20,55 % [+5,60]
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Börse
NASDAQ
Aktuell
32,85 USD
Zeit
27.09.06 21:46
Diff. Vortag
+20,55 %
Tages-Vol.
166,65 Mio.
Gehandelte Stück
5,8 Mio.
Merck and FoxHollow Technologies Expand Scope of Worldwide Strategic Research Collaboration Merck Commits More Than $100M in Funding and Acquires Stake in FoxHollow
REDWOOD CITY, Calif., and WHITEHOUSE STATION, N.J., Sept 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- FoxHollow Technologies, Inc. and Merck & Co., Inc., today announced that they will expand the scope of their existing strategic collaboration for atherosclerotic plaque analysis and that Merck will acquire a stake in FoxHollow with the purchase of $95 million in common stock, subject to customary closing conditions and clearance under the Hart-Scott-Rodino Anti-Trust Improvements Act.
Under the terms of the expanded collaboration agreement, Merck will pay $40 million to FoxHollow over four years in exchange for FoxHollow's agreement to collaborate exclusively with Merck in specified disease areas. If Merck extends the collaboration program beyond this period, to continue the exclusive collaboration arrangement, Merck would pay $10 million per year, which may be offset by potential royalty and milestone obligations.
Merck will also provide a minimum of $60 million in funding to FoxHollow over the first three years of the four year collaboration program term, for research activities to be conducted by Fox Hollow under Merck's direction, including removal of atherosclerotic plaque from patient arteries for analysis, conduct of clinical trials and drug profiling by Merck. FoxHollow will receive milestone payments on successful development of drug products or diagnostic tests utilizing results from the collaboration, as well as royalties.
In addition, Merck will acquire newly-issued shares of FoxHollow common stock at $29.629 per share, representing approximately an eleven percent stake in the company. FoxHollow will appoint a Merck representative to the FoxHollow Board of Directors, increasing the size of the board to six members, and receive certain protective provisions.
Novel Collaboration Enlarged
It was in September 2005 that FoxHollow and Merck announced the first pharmaceutical-medical device partnership aimed at identifying cardiovascular biomarkers for use as diagnostics and as tools for drug development.
The expanded collaboration remains focused on the analysis of atherosclerotic plaque collected from patients treated with FoxHollow's SilverHawk(TM) Plaque Excision System. The scope and magnitude of these studies have substantially increased and other disease areas have now been added. Merck is using these analyses of human atherosclerotic plaque as a means of identifying novel targets to treat atherosclerosis and biomarkers to develop therapies that are in Merck's pipeline or have been licensed from other partners.
"For the first time in any pharmaceutical company's history, we have the ability to capture and evaluate atherosclerotic plaque from thousands of patients," said Peter S. Kim, Ph.D., president of Merck Research Laboratories. "Our first year of collaboration with FoxHollow has given us novel insights into cardiovascular disease, and we're very pleased to enlarge our relationship today to continue this focus on cardiovascular disease while including other important disease areas as well."
The expanded collaboration will also enable FoxHollow to use human plaque analysis to enhance the capabilities of its NightHawk(TM) intravascular plaque imaging system, and accelerate its anti-restenosis drug therapy program.
"Removing and analyzing plaque from patients unlocks a tremendous amount of valuable information that informs research moving forward," said John Simpson, Ph.D., M.D., CEO of FoxHollow. "Merck's expertise in cardiovascular medicine makes it uniquely suited to partner with FoxHollow in this work. We are proud to be working together and welcome Merck's input on our Board of Directors."
"We hope our collaboration will lead to the development of novel, individualized cardiovascular therapies," noted Richard C. Pasternak, M.D., vice president of Cardiovascular Research, Merck Research Laboratories, who has worked closely with FoxHollow in the past year. "We look forward to the expansion of what has been a most productive partnership with FoxHollow."
His words were echoed by Duke Rohlen, FoxHollow's president of Strategic Operations. "We are passionately committed to improving patient care through the development of innovative and effective treatments," Rohlen added. "An essential part of that commitment is partnering our device expertise with Merck, an innovative leader in cardiovascular pharmaceutical research and development."
About FoxHollow Technologies, Inc.
FoxHollow Technologies, Inc. develops and markets minimally invasive plaque excision devices for the treatment of peripheral artery disease (PAD). An estimated 12 million people in the U.S. are thought to suffer from PAD, with 2.5 million patients currently diagnosed. PAD results from plaque that accumulates in the arteries and blocks blood flow in the legs. These blockages can result in severe pain, very limited physical mobility, and limb loss. The company's SilverHawk system is a minimally invasive method of removing the obstructive plaque and restoring blood flow to the legs and feet. For more information, please visit our website at http://www.foxhollowtech.com.
Molecular Devices Corporation
27.09.06 21:53 Uhr
18,04 USD
-17,40 % [-3,80]
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Börse
NASDAQ
Aktuell
18,04 USD
Zeit
27.09.06 21:53
Diff. Vortag
-17,40 %
Tages-Vol.
17,39 Mio.
Gehandelte Stück
978.225
Molecular Devices Updates Guidance for Third Quarter of 2006
SUNNYVALE, Calif., Sept 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Molecular Devices Corporation (Nasdaq: MDCC) today updated guidance for the third quarter of 2006.
As a result of softer than expected demand from pharmaceutical companies for its Drug Discovery and Life Sciences products generally, the Company is reducing its financial guidance for the third quarter.
For the third quarter of 2006, the Company now anticipates revenues of $44 to $46 million, GAAP fully diluted earnings per share of $0.12 to $0.17 and non-GAAP fully diluted earnings per share of $0.17 to $0.22, excluding $0.05 per share of non-cash stock compensation expense related to SFAS 123R. The Company plans to update full year 2006 guidance in its third quarter earnings release and during its conference call to discuss third quarter operating results and other business matters currently scheduled for Thursday, October 26, 2006.
About Molecular Devices Corporation
Molecular Devices Corporation is a leading supplier of high-performance bioanalytical measurement systems that accelerate and improve drug discovery and other life sciences research. The Company's systems and consumables enable pharmaceutical and biotechnology companies to leverage advances in genomics, proteomics and parallel chemistry to facilitate the high-throughput and cost-effective identification and evaluation of drug candidates. The Company's solutions are based on its advanced core technologies that integrate its expertise in engineering, molecular and cell biology and chemistry. Molecular Devices enables its customers to improve research productivity and effectiveness, which ultimately accelerates the complex process of discovering and developing new drugs.
Trial by Fire
By Will Swarts
September 27, 2006
Foundry Networks (FDRY1)
Share price as of Tuesday's close: $12.54
Share price now: $13.37
Percent change: 6.6%
Volume: 8.3 million shares, daily average 2.5 million
The News
Shares of Foundry Networks (FDRY2) threw off sparks Wednesday, closing almost 7% higher thanks to a key stock upgrade from Robert W. Baird. Analyst Kenneth Muth lifted his rating to Outperform from Neutral on expectations the network-equipment maker would benefit from the information-technology spending boom far more than it would suffer for its role in the ongoing options backdating scandal.
"We believe data networking spending trends can remain favorable within the U.S. Enterprise segment over the next 12 to 24 months," wrote Muth, who also boosted his price target to $15 from $11. "Foundry is about one year into its product upgrade cycle and we believe is executing well with these new products in gaining mind share."
On Friday, the Santa Clara, Calif., company announced it would revise financial results as far back as six years after an internal review turned up errors in how it accounted for stock-option grants to employees. Foundry notified investors of its options issues earlier this summer. More than 100 companies are conducting internal reviews or facing more formal scrutiny from regulators over the timing and pricing of employee stock options.
That casts a haze over the company's quarterly and full-year results, though Wall Street analysts are calling for double-digit jumps in profits and revenues. Earnings tracker Thomson First Call's estimates for the third quarter call for earnings of 12 cents a share, an 11% increase from the year-ago period. Full-year forecasts see earnings of 48 cents a share, up 23% from 2005, on revenues of $458 million. That's a 13% increase from last year's sales of $404 million.
Foundry's stock had been down 12% year-to-date before the Baird upgrade, lagging competitor F5 Networks (FFIV3), which was down 8% for the same period, but performing better than Juniper Networks (JNPR4), whose shares were down 24%. Of course, these second-tier players in the networking equipment sector are all scrapping in the shadow of Cisco Systems (CSCO5), whose shares are up a robust 36% for the year.
The Analysis
Sure, Foundry's been cast as a corporate miscreant, but its alleged options misdeeds are a matter of degree, and investors are starting to differentiate between companies with procedural issues and those with more serious problems. In the context of both the widening scandal and the broader market for its wares mostly networking gear like Ethernet switches and secure socket layer virtual private networks Foundry won't crack any time soon.
"Foundry completely refreshed its product portfolio in the past year, with benefits to continue over the next couple years," wrote Bill Choi, an analyst with Jefferies & Co., in a Monday note initiating coverage of the company with a Buy rating. "Success in re-entering the carrier routing space remains to be seen, but timing is good and investor expectations are low. Options accounting issues remain a risk but present [a] potential buying opportunity."
Jim Kelleher, an Argus Research analyst, says Foundry's lack of debt will likely help it avoid more serious technical infractions as it overhauls its books, because any issues it faces won't affect stockholder equity levels.
"I think the presumption is that rather than treat all the backdating companies as one big inkblot, one big stain on humanity, there's a move to separate the ones that have major restructurings coming from those that don't," he says. "There's maybe a move where some investors are beginning to sort them out and say some are terrible risks and some are lesser risks."
Muth says his analysis of Foundry's potential problems puts the company in better shape than Juniper or F5, although its woes aren't going to provide a whole lot of definitive numbers for investors in the near term.
"Reading between lines of their press release, they're saying, 'We're not gong to have financials for Q3,'" he says. "But investors are caring less about options this quarter than last quarter, when it was really shocking and all those stocks got haircuts right away. They're much more concerned about fundamentals and what's happening in the marketplace."
The Bottom Line
And what's happening there is pretty good. Foundry's got a reputation for making quality equipment that costs 30% to 40% less than Cisco's, always an advantage in a price-sensitive industry, Muth wrote.
The company provides the switching backbone for Avaya (AV6), the No. 2 domestic maker and manager of communications networks, a partnership that's been a boon to sales, according to Muth. It also has a "respectable share" of high-margin federal government IT spending, though Muth cautions that's a little harder to track than some other customer segments because spending patterns can change with new budget legislation.
"Enterprise spending seems to be healthy across the board," he says. "It's not just one company performing well. We think it's more of an industry macro situation right now."
But the tech-upgrade cycle shrinks constantly the Y2K upgrades of 2000 were on a six- to seven-year cycle, and that's now compressed to three to four years which helps a company like Foundry that can bring new products to market quickly and cheaply.
Assuming it can avoid an options meltdown, it looks like this stock may break the mold.
Align Technology, Inc.
28.09.06 20:09 Uhr
11,09 USD
+42,18 % [+3,29
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Börse
NASDAQ
Aktuell
11,09 USD
Zeit
28.09.06 20:09
Diff. Vortag
+42,18 %
Tages-Vol.
216,15 Mio.
Gehandelte Stück
20 Mio.
Align Technology Reaches Agreement to End OrthoClear Litigation
SANTA CLARA, California, Sep 28, 2006 (PR Newswire Europe via COMTEX) -- OrthoClear to Stop Accepting Cases, Stop Importing Aligners and Transfer IP to Align
Align Technology, Inc. (Nasdaq: ALGN), the inventor of Invisalign(R), a proprietary method of straightening teeth without wires or brackets, announced today that it has signed a Binding Settlement Term Sheet with OrthoClear, Inc., OrthoClear Holdings, Inc., and OrthoClear Pakistan Pvt. Ltd. ("OrthoClear") to end all pending litigation between the parties and execute a formal settlement agreement within fifteen days. Effective immediately, OrthoClear will no longer accept new patient cases for treatment. Upon the earlier of the Closing of the formal settlement agreement or October 12, 2006, OrthoClear will consent to the entry of an Exclusion Order by the International Trade Commission (ITC), prohibiting importation of OrthoClear aligners into the United States, and will assign and transfer to Align all intellectual property rights with application to the correction of malocclusion.
The Binding Settlement Term Sheet includes the following terms:
-- Effective immediately, OrthoClear will stop accepting new patient
cases for treatment;
-- OrthoClear will consent to the entry of an exclusion order by the
United States International Trade Commission (ITC), enforced by the
United States Customs Service, which prevents OrthoClear from
importing its dental aligner products into the U.S., either directly
or through a third party;
-- OrthoClear and Zia Chishti, its CEO, and Charlie Wen, its President,
will transfer and assign to Align all intellectual property rights
with application to the treatment of malocclusion;
-- OrthoClear principals Zia Chishti, Charlie Wen, Peter Riepenhausen,
and Christopher Kawaja will sign 5-year, global non-compete agreements
in the field of removable aligner therapy products and related
software market;
-- OrthoClear employees Joe Breeland and Jeff Tunnell will sign 5-year
U.S. non-compete agreements prohibiting their personal participation
in the removable aligner therapy product and related software market;
-- Align will make Invisalign treatment available to OrthoClear patients
in the United States, Canada and Hong Kong at no charge from Align;
-- The Parties will dismiss all pending litigation against each other and
release all related claims;
-- Align will make a one-time cash payment of US$10 million to OrthoClear
TVIA, Inc.
28.09.06 20:53 Uhr
1,4699 USD
-58,00 % [-2,0301]
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Börse
NASDAQ
Aktuell
1,4699 USD
Zeit
28.09.06 20:53
Diff. Vortag
-58,00 %
Tages-Vol.
5,83 Mio.
Gehandelte Stück
4,5 Mio.
Tvia Expects Lower Revenue for the Second Quarter
SANTA CLARA, Calif., Sept 28, 2006 /PRNewswire-FirstCall via COMTEX/ -- Tvia, Inc. (Nasdaq: TVIA), a leading provider of digital display processors for advanced flat-panel TVs, broadcast digital DVRs, consumer displays, and monitor products, announced today that its revenues for the second quarter of fiscal year 2007, ending September 30, 2006, are expected to range from approximately $300,000 to $400,000, compared to the $5.1 million in revenue reported for the previous quarter. Tvia attributed the reduction in expected revenues primarily to shortages during the quarter of LCD panels and other key components used to assemble digital TVs and flat-panel displays that has had a major impact on our customers' manufacturing schedules and consequently, their order rate for processors. It has also hampered the Company's ability to deliver system-level products to our customers. As previously discussed, the Company is also continuing to experience competitive pressure resulting from price decreases by other processor manufacturers. The Company is focusing its efforts on assisting customers in sourcing components and developing more cost competitive board designs to address these issues.
"While recent market conditions have had an adverse effect on orders from our customers and our ability to fill customer orders in this past quarter, we are encouraged by the improved availability of LCD panels and key components and continuing strong end-user demand," stated Eli Porat, Tvia's Chief Executive Officer.
About Tvia: Tvia, Inc. is a fabless semiconductor company that designs and develops digital display processors for digital LCD, PDP, HD, SD, and progressive-scan TVs, as well as other broadcast and consumer display products. Tvia owns and operates one of the world's leading independent TV design centers, providing manufacturers with proven TV system designs, and allowing manufacturers to produce high quality flat-panel televisions at low cost with the short time to market. The combination of Tvia's TrueView display processors and leading TV system designs gives Tvia's manufacturing customers the advantage for building among the most cost-effective, highest quality display solutions on the market. More information about Tvia is available at www.tvia.com.
Resources Connection, Inc.
28.09.06 21:21 Uhr
26,99 USD
+13,64 % [+3,24]
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Börse
NASDAQ
Aktuell
26,99 USD
Zeit
28.09.06 21:21
Diff. Vortag
+13,64 %
Tages-Vol.
101,69 Mio.
Gehandelte Stück
3,9 Mio
bellwetherreport.com: Bellwether Report.com is Doing Due-Diligence on Resources Connection Inc.
Sep 28, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Resources Connection Inc. (NASDAQ: RECN)
The company, which operates through its principal subsidiary Resources Global Professionals, generates the majority of its sales by providing accounting and finance professionals to clients on a project-by-project basis for services that include financial analyses, audits, and preparation of public filings. Resources Global Professionals also supplies professionals in the fields of human resources, risk management, legal services, supply chain management, and information technology. The company serves clients, including Exelon and Southwest Airlines, from more than 60 offices in the US and abroad.
Shares are up 14% despite decline in fiscal quarter.
Resources Connection posts Q1 results
Sep 28, 2006 (M2 EQUITYBITES via COMTEX) -- Resources Connection Inc (Nasdaq: RECN), a professional services firm, on 27 September reported its financial results for its first quarter ended 31 August 2006.
The company's total revenue for the first quarter of fiscal 2007 rose 10.4% to USD165.1m from USD149.6m for the same quarter in fiscal 2006.
Net income on a generally accepted accounting principles (GAAP) basis for the quarter ended 31 August 2006 was USD11.0m, or USD0.22 per diluted share.
Net income on a GAAP basis for the quarter ended 31 August 2005 was USD15.1m, or USD0.29 per diluted share.
Due to company's adoption of SFAS 123 prospectively, net income for the quarter ended 31 August 2006 is not comparable to net income for the quarter ended 31 August 2005, Resources Connection said.
(C)2006 M2 COMMUNICATIONS LTD http://www.m2.com
Another One Underbites the Dust
By Will Swarts
September 28, 2006
Align Technology (ALGN1)
Share price as of Wednesday's close: $7.80
Share price now: $11.56
Percent change: 48.2%
Volume: 24.4 million shares, daily average 377,700
The News
Only rarely do stock investors get so many reasons to smile in a single day, but longtime backers of Align Technology (ALGN2) surely grinned wide at Thursday's news that the orthodontic-equipment maker finally put to rest a bitter legal dispute. The out-of-court settlement will cost Align $20 million, but in exchange the Santa Clara, Calif., company will gain control over the noninvasive tooth-straightening market. Boosted by a short squeeze, shares closed up 48% after climbing as much as 71% earlier in the session.
Align, which produces a series of removable aligners under the Invisalign brand that straighten teeth without conventional braces or wires, announced a binding agreement with privately held OrthoClear, a company started last year by former Align founder Zia Chishti. Under the terms, OrthoClear will immediately stop accepting new patients, cease shipments of OrthoClear aligners and terminate all litigation against Align. In return Align will fork over $10 million now for its former rival's intellectual property and another $10 million in 30 days once certain terms are met. After the announcement, web sites linked to San Francisco-based OrthoClear apparently were shut down save for this message to doctors and patients:
"Today, OrthoClear announced that Align Technology the makers of Invisalign has purchased OrthoClear's intellectual property, including the company's extensive patent portfolio related to the manufacturing of clear, removable aligners. As part of this agreement, Align has committed to complete treatment of all current OrthoClear cases at no charge to the treating doctor. This includes cases in the United States, Canada and Hong Kong."
Align Chief Executive Thomas Prescott didn't hide his relief.
"We are very pleased with the favorable outcome of this litigation and are very happy to have it behind us," he said in a Thursday morning conference call. "This is an excellent outcome for Align Technology."
The Analysis
Wall Street agreed without reservation, as analysts called it "very positive news" and noted that Align will dominate the market for the treatment of malocclusion, which occurs when teeth do not align in an overbite or underbite. "They have a monopoly," says Derek Leckow, an analyst with Barrington Research in Chicago. ""They're now the only product like this in the marketplace."
A look at the numbers tells the story of what must have been a teeth-gnashing disruption as OrthoClear tried to make inroads on Align's market share. Align's Invisalign treatment, which costs between $3,000 and $5,000 per patient and must be administered by a dentist, was undercut by OrthoClear at the same time the expense of the litigation grew. The company last posted a profit of a penny a share in the final quarter of fiscal 2005. Align reported losses of eight cents a share in the first quarter of this fiscal year and a loss of four cents a share in the second quarter. Second-quarter sales came in at $53.2 million.
News in August that British private-equity firm 3i had committed $10 million to OrthoClear surely didn't help Align's reception on the Street. As of Aug. 10, 19.4% of its shares were held short by investors who borrowed the stock and expected to cash in when it fell. The high short-seller factor played a major role in the stock's climb on Thursday, wrote Tao Levy, a Deutsche Bank analyst.
Representatives of 3i didn't return calls seeking comment on the fate of the venture-capital firm's investment.
Other requirements of the settlement hint at the hostility engendered by OrthoClear's efforts. Chishti, the Align founder who defected to start OrthoClear, and OrthoClear's president, Charlie Wen, must transfer to Align all intellectual-property rights with application to the treatment of malocclusion. Other OrthoClear principals must sign five-year noncompete agreements.
It's a bruising coda to a great growth story. Leckow says some members of the OrthoClear team invented its best-selling products, though Align retained the intellectual-property rights. "I think, the board felt, as the company went through growth spurts and growing pains, that the board had to put in a professional management team, people who had experience with medical devices," he says. "That was when the departures occurred. They probably left Align on some rather bad terms."
Not that Prescott would admit to that in his moment of triumph. The Align CEO declined to comment on the workings of the settlement, but did let slip an understated booyah: "The notice of seeing this solution should serve as a pretty strong notice to anyone who wants to test our intellectual property."
The Bottom Line
It's too soon to say how much the company will save on litigation expenses, but the settlement considerably widens Align's horizons.
With OrthoClear products effectively off the market, Align is likely to gain most if not all of its customers. "The impact for Align is significant as it no longer has a competitor, the 400-plus clinicians who were not using Invisalign will likely all return to Align as they have built significant practices surrounding this technology, and a significant portion of the legal expense will be removed," wrote Deutsche Bank's Levy. "As a result, we are reviewing our 2006/2007 forecasts."
Barrington Research's Leckow hasn't settled on a new price target, but he believes the stock could go as high as $16 a share if the company can step up production to meet the new demand.
That kind of climb could make your face hurt, but your portfolio might sigh with contentment.
Wall Street Capital Funding LLC: Speculative Investment Watch! October 3, 2006
Weston, FLA., Oct 03, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: NexTech Solutions, Inc. (OTC: NXSN), Futuremedia plc (NASDAQ: FMDAY), IGIA, Inc., (OTCBB: IGAI), Silver Screen Studios, Inc. (OTCBB: SSSU) and Conforce International, Inc. (OTC: CFRI)
NexTech Solutions, Inc. (OTC: NXSN) announces shipment on an order placed by one of the largest semiconductor companies in the world! This news may get the attention of investors! Yesterday the company issued a press release announcing shipment of the ORION fully automated reticle inspection system providing macro inspection of semiconductor reticles. The order was placed by one of the largest semiconductor companies in the world and was delivered to the customer at the end of the 2nd Qtr, 2006.
The news should get the attention of investors. The ORION performs fast, reliable macro' (defects sized at 2 micron and above) inspection of semiconductor reticles and is recognized in the market as a complementary tool for systems providing micro' (sub-micron sized defects) reticle inspection. The ORION scans for larger (macro) defects in the 2.0 micron to 20.0 micron range which represent killer defects' in step & repeat systems during the photolithography process in semiconductor fabs.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of NexTech Solutions! Because macro inspection of reticles is a critical requirement during the semiconductor photolithography process, the potential for ORION system sales is significant. The worldwide semiconductor market continues to grow at a steady rate, thus the need for ORION systems in the manufacturing fabs throughout the worldwide semiconductor industry is substantial.
NexTech's CEO, Mr. Tony Di Napoli, states "Our inspection technology dovetails well into the need for semiconductor reticle inspection, and we are excited by the business we currently enjoy in this market with the largest semiconductor companies in the business."
The stock closed yesterday at $1.70 a share.
In case you are not familiar with the company: NexTech Solutions is a Louisiana Corporation with offices in San Mateo (Silicon Valley), California and Austin, Texas. NexTech Solutions brings advanced metrology and automation solutions to the Semiconductor, FPD (Flat Panel Display), and other industries. NexTech's mission is to create greater shareholder value via advanced technology development and marketing associated product solutions targeted at emerging large markets.
Futuremedia plc (NASDAQ: FMDAY) down 16.6% on 95.9 million shares traded Futuremedia is a Learning and Communications company providing learning, benefits and communications services to public and private sector organizations. Futuremedia plc recently announced the live launch of e-life(TM), its online educational video channel and learning community.
The new proprietary software will enable personal advancement through the provision of e-learning content and online education to employees and their families as an employee benefit.
IGIA, Inc., (OTCBB: IGAI) up 63.6% on 63.7 million shares traded IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. I
Silver Screen Studios, Inc. (OTCBB: SSSU) up 59% on 34 million shares traded SSSU is in development of a family of funds under the Global 1 brand. The funds will include Business Development Companies structured as venture capital/private equity funds.
Conforce International, Inc. (OTC: CFRI) up 57.6% on 1.3 million shares traded.
Conforce International, Inc. develops the revolutionary EKO-FLOR composite container flooring system. Conforce International, Inc. recently announced that the interview of Conforce President and CEO, Marino Kulas, by General Alexander Haig of World Business Review, was taped in Florida on September 15, 2006. The interview focused primarily on the benefits of EKO-FLOR and the positive impact it is expected to have on the container industry.
Market Commentary: "In housing, pending sales of U.S. existing homes rose by 4.3% in August. Experts say this may have some stabilizing effects on housing. Additionally, spending on U.S. construction projects surprisingly rose by 0.3% in August aided by a rise of 3.4% in non-residential construction,"
Compuware Announces Global IT Executive Summit Series on Application Performance Top IT Executives Gather to Discuss Challenges and Best Practices of Application Performance Assurance
DETROIT, Oct 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Compuware Corporation (Nasdaq: CPWR) today announced a global IT Executive Summit Series on Application Performance beginning October 11, 2006 in New York City. The summit series, titled: "Ahead of the Curve: Optimizing Application and Business Performance," will feature free half-day seminars that examine strategies for consistently delivering applications that optimize business performance.
Today's businesses are challenged in delivering high-performance applications. Whether it's system complexity, overcoming the barriers to enabling rapid change and collaboration, or discovering problems too late to effectively fix them, those leading today's application deployment face daunting hurdles. To overcome the obstacles, IT managers need to identify and eliminate performance production problems early, and build performance into applications from the earliest phases of the development life cycle, rather than attempting to test performance in when it's too late.
The summit series will explore how companies have effectively dealt with application performance challenges and how they found and implemented solutions. Each summit series will feature industry trends, user case studies and IT thought leaders, who will provide attendees with best practices and first-hand insight on how to optimize application performance throughout their organization.
"High-performance IT organizations understand that the speed in which new business-critical applications get into production can directly impact their business. Deploying with performance and scalability can make or break a potential market opportunity," said Larry Angeli, Vice President of Marketing at Compuware Corporation. "This summit series will help IT executives confidently deliver and deploy high-performing applications by sharing best practices and approaches for optimizing application and business performance."
Summit series are currently scheduled for New York City (October 11); Minneapolis (October 12); Chicago (October 17); Denver (October 19); Orlando (October 26); Toronto (November 15); Washington, D.C. (November 16); and Orange County, CA (December 5). Summit series are also planned for Austria, Belgium, France, Germany, Italy, the Netherlands, Spain and the United Kingdom.
To register for this event, call (888) 299-0155 or register online at http://www.itexecutivesummit.com/ 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 Information on Compuware's IT Executive Summit Series on Application Performance
BUYINS.NET: IFNY, TWI, VTSI, GLDS, SEVI, SQUM Have Been Added To Naked Short List Today
Oct 03, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Infinity Energy Resources Inc. (NASDAQ: IFNY), Titan Intl Inc (NYSE: TWI), VirTra Systems, Inc. (OTCBB: VTSI), Gales Industries Incorporated (OTCBB: GLDS), Systems Evolution Inc (OTCBB: SEVI), Sequiam Corporation (OTCBB: SQUM)
Infinity Energy Resources Inc. (NASDAQ: IFNY) through its wholly owned subsidiaries, engages in the acquisition, exploration, development, and production of natural gas and oil, as well as provision of related field services in the United States and Nicaragua. It operates through two segments, Oil and Gas Production, and Oil Field Services. The Oil and Gas Production segment engages in the acquisition, exploration, development, and production of natural gas and crude oil in Colorado, Texas, and Wyoming. It primarily operations in the Fort Worth Basin of north central Texas; in the Rocky Mountain region in the Greater Green River Basin in southwest Wyoming; and in the Sand Wash and Piceance Basins in northwest Colorado. This segment also has interest in an oil and gas exploration prospect offshore Nicaragua in the Caribbean Sea. The Oil Field Services segment provides pressure-pumping services associated with the drilling and completion of oil and gas wells, including cementing, acidizing, fracturing, and water hauling and has operations principally in Kansas, Oklahoma, and Wyoming. As of December 31, 2005, the company's total proved reserves were 16.1 billion cubic feet of gas equivalent. Infinity Energy Resources was founded in 1987 and was formerly known as Infinity, Inc. It changed its name to Infinity Energy Resources, Inc. in 2005. The company is based in Denver, Colorado. With 15 million shares outstanding and 2.28 million shares declared short as of September 2006, there is a failure to deliver in shares of IFNY.
Titan Intl Inc (NYSE: TWI) and its subsidiaries manufacturer wheels, tires, and assemblies for off-highway vehicles used in the agricultural, earthmoving/construction, and consumer markets in the United States. The company produces rims, wheels, and tires for use on various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment, and are sold directly to original equipment manufacturers, independent distributors, equipment dealers, and through its own distribution centers. It manufactures rims and wheels for various types of earthmoving, mining, military, and construction equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, load transporters, haul trucks, and backhoe loaders. Titan produces a range of wheels, tires, and components for military vehicles, such as trucks, trailers, tanks, and personnel carriers. In addition, the company manufactures wheels, tires, assembles brakes, actuators, and components for all terrain vehicles, turf, golf, and trailer applications. Titan International was founded in 1971 and is based in Quincy, Illinois. With 19.73 million shares outstanding and 2.53 million shares declared short as of September 2006, there is a failure to deliver in shares of TWI.
VirTra Systems, Inc. (OTCBB: VTSI) engages in the development, manufacture, and operation of personal computer and non-personal computer based products for the training/simulation and advertising/promotion markets. It offers immersive virtual reality devices, which are computer-based, and enables participants to view and manipulate graphical representations of physical reality. The company offers IVR HD and IVR 4G series, which are projection-based, multiscreened, and firearms training simulators for use in law enforcement and military, as well as accessories for use with both its IVR product lines. VirTra Systems also provides Immersa-Dome, a patented projection-based virtual reality system that uses a domed-shaped screen to surround the viewer; the 3-D Multisensory Theater, a portable-seat 3-D theater with special effects packages, including fog, wind, and simulated lighting; and the 360-degree headset-based virtual reality system to deliver photorealistic content. The company offers its products to governmental agencies, military, and law enforcement agencies in the United States and internationally. VirTra Systems was founded in 1993 and is headquartered in Arlington, Texas. With 84.24 million shares outstanding and 20,000 shares declared short as of September 2006, there is a failure to deliver in shares of VTSI.
Gales Industries Incorporated (OTCBB: GLDS) through its wholly owned subsidiary, Air Industries Machining Corporation (AIM), manufactures aircraft structural parts and assemblies principally for defense contractors in the defense/aerospace industry in the United States. AIM produces individual products that are assembled into electromechanical devices, mixer assemblies, and rotorhub components for Blackhawk helicopters; rocket launching systems for the F-22 Raptor Advanced Stealth Fighter; arresting gear for E2C Hawkeye and various U.S. navy fighters; vibration absorbing assemblies for Sikorsky helicopters; landing gear components for the F-35 Joint Strike Fighter; and various subassembly packages. It also supplies flight safety components. The company was founded in 1969 and is headquartered in Bay Shore, New York. With 55.63 million shares outstanding and 1 shares declared short as of September 2006, there is a failure to deliver in shares of GLDS.
Systems Evolution Inc. (OTCBB: SEVI) is a publicly held professional services organization founded in 1993 that provides software development solutions and managed network support through its Consulting division, a Microsoft Gold Certified Partner, and permanent placement through its Next Hire Consultants division. With 106.26 million shares outstanding and 30,000 shares declared short as of September 2006, there is a failure to deliver in shares of SEVI.
Sequiam Corporation (OTCBB: SQUM) through its subsidiaries, offers biological identification security systems and Web-based application services. The company operates through two segments, Safety and Security, and Information Management. The Safety and Security segment engages in the development, marketing, and sale of biometric technology products. Its product portfolio includes BioVault, a personal access denial device; BioLock, a biometrically accessible door lock system; High Speed Biometric Algorithm, a biometric matching technology that enables in identifying people by comparing their fingerprints to ones in the database; BioTime, a computerized access control, attendance, and recording tool; BioTools, a biometric development kit; BioWeb, an Internet Security system; BioAccess, an access control and recording tool; BioSmartCard; BioRegister; BioRollCall; BioMail; and USB Fingerprint Sensor. This segment also develops BioCareTrack, OEM kits, and BritePrint technology for the detection of dusted latent fingerprints. The Information Management segment develops and markets document management software products. Its products include Sequiam IRP, which enables users to print or copy documents from their computer or scanner to printers at remote sites using the Internet; Sequiam IRPlicator, a software system used to scan documents from various scanning devices; and Book It, ROVER!, a Web-based application service. In addition, this segment provides Web-hosting; Web development; custom software and database development services; and Extended Classroom educational product, a series of 300 Internet-based educational supplement videos for grades 1-12 students and their parents. The company sells its products to suppliers in manufacturing and distribution of safety and security products. Sequiam Corporation was founded by Nicholas H. VandenBrekel. The company, formerly known as Wedge Net Experts, Inc., was incorporated in 1999 and is headquartered in Orlando, Florida. With 76.83 million shares outstanding and 29,216 shares declared short as of September 2006, there is a failure to deliver in shares of SQUM.
Ahead of the Bell: Endo Pharmaceuticals
Tuesday October 3, 8:55 am ET
Wall Street Says Endo Pharmaceuticals' Announcement on Lidoderm Order Was Expected
NEW YORK (AP) -- Endo Pharmaceuticals Holdings Inc.'s announcement that a major customer is paring down inventory of its pain drug Lidoderm was expected and won't hurt Endo's long-term financial health or its Lidoderm product line, a Baird analyst said Tuesday.
Late Monday, the Chadds Ford, Pa.-based company said it signed an inventory management agreement with a major customer, who began reducing inventory levels of Lidoderm in anticipation of making the agreement final. The action will result in net sales of Endo's best-selling product falling below underlying demand during the third quarter.
Still, Endo said Lidoderm prescriptions are increasing more than 20 percent, and it estimates sales of the drug for 2006 will hit the high end of an estimated range of $530 million to $540 million. Also, Endo maintained it would see between $20 million and $30 million in sales of its newly launched pain drug Opana.
Baird analyst Lawrence H. Neibor maintained a "Neutral" rating on the stock, saying the announcements were expected, given weekly prescription data.
Jefferies & Co. analyst David Windley also reiterated a "Hold" rating on the shares, but lowered his third-quarter Lidoderm sales forecast by $9 million to $130 million, based on management's comments around wholesaler destocking.
Shares closed Monday at $33.13 on the Nasdaq.
Wells Fargo Commits to Largest-Ever Corporate Purchase of Renewable Energy in U.S. Expands Support for Sustainable Energy Resources
SAN FRANCISCO, Oct 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Wells Fargo & Company (NYSE: WFC) said today it will buy renewable energy certificates (RECs) to support generating 550 million kilowatt-hours of clean, renewable wind energy a year for three years. With this action, Wells Fargo becomes the largest corporate purchaser of renewable energy in the United States according to the U.S. Environmental Protection Agency.
"This purchase further demonstrates our company's commitment to both environmental stewardship and environmental leadership, and it reflects the desire of our team members to do what's right for our customers, our communities, and our company," said John Stumpf, president and COO.
The purchase will offset 40 percent of Wells Fargo's electricity consumption with 100 percent Green-e(R) certified wind energy. It will help develop renewable energy and prevent the emission of 380,000 tons of carbon dioxide each year, the equivalent of reducing the CO2 emissions of 75,000 cars annually or by reducing the equivalent CO2 emissions associated with 40,000,000 gallons of gasoline each year.
"Wells Fargo is a leading example of how corporate America can reduce greenhouse gas emissions associated with electricity use," said Kathleen Hogan, Director of the Climate Protection Partnership Division for the U.S. Environmental Protection Agency. "Wells Fargo is now the top corporate purchaser among EPA's Green Power Partners to purchase clean, renewable energy. EPA applauds Wells Fargo for its purchase and hopes other U.S. corporations follow their lead."
"Our commitment to this purchase is not just good for the environment, it's good business," said Don Dana, head of the company's Corporate Properties Group, which has achieved energy savings of up to 20 percent at many Wells Fargo locations. "Energy conservation is one part of the equation. The second is supporting generation of cleaner, alternative sources of energy. Combined, these efforts will result in a healthier environment and a stronger economy."
Wells Fargo supports renewable energy and energy efficiency in its business practices and operations. Wells Fargo recently invested in a Texas-based wind farm and has provided $720 million in financing to develop Leadership in Energy Efficiency and Design(i) (LEED) certified buildings. The company implements energy efficiency measures in its existing and new buildings. For example, replacing cooling equipment at Wells Fargo Plaza in Phoenix with high-efficiency equipment reduced the building's energy consumption by nearly 30 percent. Two Wells Fargo buildings in San Francisco have been designated as ENERGY STAR buildings (among the top 10 percent of energy-efficient buildings in the country.) In California, Wells Fargo has been recognized for its 20 percent reduction in energy use at its administrative buildings, a reduction it has sustained since 2001.
Wells Fargo's RECs are supplied by 3 Phases Energy, a national renewable energy marketing and development company. The nonprofit Center for Resource Solutions' Green-e(R) program certifies and verifies the RECs. With Green-e certification, Wells Fargo has an independent assurance that its renewable energy certificate purchase supports generation from 100-percent new renewable resources that meet strict consumer and environmental protection standards. The three-year purchase agreement begins October 1, 2006.
Wells Fargo is committed to being environmentally responsible in every community in which it does business. Well Fargo integrates environmental responsibility into its business practices and procedures, and has pledged $1 billion in lending and other financial commitments to support environmentally beneficial business opportunities.
Wells Fargo & Company is a diversified financial services company with $500 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. has the highest possible credit rating, "Aaa," from Moody's Investors Service and the highest credit rating given to a U.S. bank, "AA+," from Standard & Poor's Ratings Services.
03.10.2006 15:11
Freddie Mac veröffentlicht Gewinnschätzung
McLean, VA (aktiencheck.de AG) - Die Federal Home Loan Mortgage Corp. (Freddie Mac) (ISIN US3134003017 (Nachrichten)/ WKN 876872) konnte in der ersten Hälfte des Geschäftsjahres von steigenden Zinsen profitieren.
Wie der zweitgrößte US-Hypothekenfinanzierer am Dienstag verkündete, rechnet er mit einem Nettogewinn von 2,7 Mrd. Dollar im ersten Halbjahr (per 30. Juni). Für das zweite Quartal geht er von einem Nettoergebnis in Höhe von 1,2 Mrd. Dollar aus.
Gestern fielen die Aktien um 1,76 Prozent und schlossen bei 65,16 Dollar.
(03.10.2006/ac/n/a)
Hot Stocks to Watch for Tuesday, October 03, 2006: Gaining Intellectual Property for a Key Product! NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Peter Antipatis of Capital Research Group Inc.
WESTON, FL, Oct 03, 2006 (MARKET WIRE via COMTEX) -- TheSUBWAY.com announces the following stocks to its Hot Stocks List: Stem Cell Innovations, Inc. (OTCBB: SCLL), Marvell Technology Group Ltd. (NASDAQ: MRVL), Allos Therapeutics, Inc (NASDAQ: ALTH), Broadcom Corporation (NASDAQ: BRCM)
Stem Cell Innovations, Inc. (OTCBB: SCLL) just announced that the Company has initiated a collaboration with the University of Twente (the Netherlands) to explore the bone forming properties of PluriCells. SCLL will receive a nonexclusive license to intellectual property generated with the PluriCells.
Stem Cell Innovations proprietary, human pluripotent stem cells, known as PluriCells(TM), have the potential to aid in drug discovery, toxicology, and cell therapy. Stem Cell Innovations is in the process of making its patented pluripotent cell lines, which are eligible for federal funding in the U.S., widely available to universities and other not-for-profit institutions to rapidly advance stem cell research. SCLL is positioned to become a leading provider of toxicology testing and discovery systems for the pharmaceutical, chemical, and nutraceutical industries around the world.
Other stocks highlighted include Marvell Technology Group Ltd. (NASDAQ: MRVL):
Hot Stocks List, down 1% on 17 million shares, Allos Therapeutics, Inc. (NASDAQ: ALTH):
Hot Stocks List, down 1% on 1 million shares, Broadcom Corporation (NASDAQ: BRCM):
Hot Stocks List, up 1% on 20 million shares "Federal Reserve policymakers left interest rates unchanged after their most recent meeting on September 20, for a second straight time, signaling that the central back doesn't believe inflation is at the moment and that growth in the economy has slowed to a moderate pace. A sharp drop in oil prices has helped stem inflation fears, although the core rate is more closely watched by the Federal Open Market Committee
Skyworks Solutions, Inc.
03.10.06 18:56 Uhr
6,97 USD
+37,75 % [+1,91]
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Börse
NASDAQ
Aktuell
6,97 USD
Zeit
03.10.06 18:56
Diff. Vortag
+37,75 %
Tages-Vol.
152,61 Mio.
Gehandelte Stück
23 Mio
Skyworks Exits Baseband Business and Implements Strategic Restructuring Intensifies Focus on High Growth Core Analog and RF Business; Outlines New Financial Model with FY07 Pro Forma Diluted EPS of $0.55 to $0.60 and EBITDA in Excess of $150 Million
WOBURN, Mass., Oct 02, 2006 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog and mixed signal semiconductors enabling mobile connectivity, today announced that effective immediately the company is ceasing its baseband operations in order to sharpen focus on its high growth core business encompassing linear products, power amplifiers, front-end modules and radio solutions. Skyworks' baseband business developed complete reference designs, incorporating the digital signal processor and software functionality, in support of tier-three handset suppliers. This initiative was complex, research and development intensive and generated substantial operating losses. As tier-one OEMs have increasingly dominated the landscape, the addressable market for the company's baseband solutions has significantly contracted.
At the same time, and essentially masked by declining baseband sales, Skyworks' core business revenue has grown an average of 17 percent annually over the past four years. This growth has been driven by: first, the successful launch of the Linear Products business; second, power amplifier market share gains; third, ramp of Helios(TM) EDGE radios; and fourth, capture of increasing dollar content through highly integrated solutions.
Given the diverging profitability and growth profiles of the baseband and core businesses, the company has implemented a strategic restructuring to immediately eliminate all baseband-related infrastructure while strengthening research and development, marketing and sales efforts within the core business.
"Today marks a new beginning for Skyworks as we become a far more profitable and streamlined company. We are focusing exclusively on our high growth and profitable analog and RF core business where Skyworks possesses a clear competitive advantage," said David J. Aldrich, Skyworks' president and chief executive officer. "Going forward, we will partner with, rather than compete against, leading baseband suppliers such as Texas Instruments, Qualcomm, Freescale and Infineon.
"We began our transition away from developing baseband designs nearly two years ago, but continued to support existing customers with legacy products. Throughout this timeframe, our portfolio of linear products, ultra-compact power amplifiers, Intera(TM) front-end modules and Helios(TM) EDGE radios has demonstrated design win momentum and an accelerating growth trajectory. Accordingly, today we are implementing a strategic restructuring to build upon our leadership franchise and to realize our vision of becoming the global leader in semiconductors enabling mobile connectivity," said Aldrich.
Key Elements of Strategic Restructuring
Skyworks is eliminating nearly $70 million in annual costs through the narrowing of product development, closure of certain international design centers and reduction of approximately 425 employees, or 10 percent of the worldwide workforce. These actions are expected to result in charges of between $85 and $95 million --- more than two thirds of which are anticipated to be non-cash --- for asset impairments, severance and shut-down costs. The majority of this activity is expected to be recorded in the fourth fiscal quarter ending September 29, 2006.
Marvell Technology Group, Ltd.
03.10.06 19:07 Uhr
16,44 USD
-13,88 % [-2,65]
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Börse
NASDAQ
Aktuell
16,44 USD
Zeit
03.10.06 19:07
Diff. Vortag
-13,88 %
Tages-Vol.
778,62 Mio.
Gehandelte Stück
53 Mio
bellwetherreport.com: The Bellwether Report.com Issues an Alert for Marvell Technology Group Ltd.
Oct 03, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Marvell Technology Group Ltd. (NYSE:MRVL)
Marvell Technology Group offers digital and mixed-signal integrated circuits for data storage and broadband communications applications. Products include read channels (which convert analog data from a magnetic disk into digital data for computing), preamplifiers, and Ethernet switch controllers and transceivers. The fabless semiconductor company draws most of its sales from a few customers, including Intel, Western Digital (about 17% of sales), Samsung Electronics (14%), Hitachi, Seagate Technology, Toshiba (also 14%), and Fujitsu (10%). Marvell has agreed to acquire Intel's communications and application processor line for $600 million in cash.
Shares are down 14% since the company said demand for it's chips would be down third quarter and administrative expenses would climb.
Marvell Technology Group shares were down about 14% in Tuesday morning trading after the company said
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QUEST DIAGNOSTC
03.10.06 19:19 Uhr
52,85 USD
-13,22 % [-8,05]
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NYSE
Aktuell
52,85 USD
Zeit
03.10.06 19:19
Diff. Vortag
-13,22 %
Tages-Vol.
809,17 Mio.
Gehandelte Stück
15 Mio.
Quest Diagnostics to No Longer Be a National Contracted Provider of Lab Services to UnitedHealthcare Effective 2007 - Quest Diagnostics expects to continue to service UnitedHealthcare members as a non-contracted provider of high quality convenient la
LYNDHURST, N.J., Oct 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- Quest Diagnostics Incorporated (NYSE: DGX), the nation's leading provider of diagnostic testing, information and services, announced that it will not be a national contracted provider of laboratory services to UnitedHealthcare beginning January 1, 2007. UnitedHealthcare accounts for approximately 7% of Quest Diagnostics' annual revenues.
Quest Diagnostics expects to continue to service UnitedHealthcare's members in certain markets as a contracted provider and in other markets as a non-contracted provider. The company cannot estimate at this time the financial impact of not being a contracted provider on a national basis.
"In our response to UnitedHealthcare's request for proposals, we offered to substantially reduce its laboratory costs, while at the same time increasing access and convenience for its members and physicians," said Surya N. Mohapatra, Ph.D., Chairman and Chief Executive Officer. "Unfortunately, the terms and conditions that were offered by UnitedHealthcare would have been irresponsible for us to accept.
"We believe patients, physicians and employers will continue to insist they have access to quality and convenient laboratory services from Quest Diagnostics, because of our enhanced patient experience, medical quality and the broadest distribution network," continued Dr. Mohapatra. "We want them to know they have a choice when it comes to selecting a laboratory. Choosing a diagnostic lab with a focus on patients and quality makes a difference for your health."
WESCO INTL INC
03.10.06 20:00 Uhr
61,90 USD
+8,77 % [+4,99]
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Börse
NYSE
Aktuell
61,90 USD
Zeit
03.10.06 20:00
Diff. Vortag
+8,77 %
Tages-Vol.
115,09 Mio.
Gehandelte Stück
1,9 Mio.
WESCO International, Inc. Announces Agreement to Acquire Communications Supply Holdings, Inc.
PITTSBURGH, Oct 03, 2006 /PRNewswire-FirstCall via COMTEX/ -- WESCO International, Inc. (NYSE: WCC) today announced that it has entered into a definitive purchase agreement to acquire Communications Supply Holdings, Inc. from Harvest Partners LLC, a New York based private equity firm. The transaction is subject to certain customary conditions, including regulatory approvals required under the Hart-Scott-Rodino Act. The acquisition will be financed utilizing WESCO's existing credit facilities and other indebtedness to be determined.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030508/WCCLOGO)
Communications Supply Corporation, Inc. (CSC), the operating subsidiary of Communications Supply Holdings, Inc. with headquarters in Carol Stream, Illinois, was founded in 1972. CSC had 2005 sales of $431 million and year- to-date sales as of August 31, 2006 of approximately $394 million. Full year 2006 revenues are estimated to be approximately $600 million. The company is a leading national distributor of low voltage network infrastructure and industrial wire and cable products. Through its network of 32 branches, CSC distributes a full range of products to support advanced connectivity for voice and data communications, access control, security surveillance, and building automation. CSC's sales force consists of over 300 associates, and its marketing activities reflect a strong focus on the Fortune 1000 and large institutional customers in the United States.
Mr. Roy W. Haley, WESCO's Chairman and Chief Executive Officer, stated, "Communications Supply is a very well-run company with an outstanding track record of above-market growth and profitability. The addition of CSC to WESCO's existing business and infrastructure is consistent with our growth strategy, and this acquisition positions WESCO as a leading provider of data communications products in North America. Our intent is to rapidly build on this position by offering a broader array of products to WESCO's substantial national accounts, contractor and other end market customers. We also believe that the fragmented nature of the low voltage and data communications supply industry will likely lead to additional acquisition opportunities."
Mr. Steven J. Riordan, CSC's President and Chief Executive Officer, added "The combination of these two leading distributors will create a dynamic enterprise. CSC has been recognized for delivering measurable value and outstanding support to its customers and suppliers. We believe that our customers will gain even greater access to products and product expertise, providing them with one-stop shopping. We are looking forward to our role in providing leadership to the existing WESCO datacom business within the United States." Mr. Riordan will continue in his role as President of CSC while also serving as a member of WESCO's senior leadership team.
Mr. Stephen A. Van Oss, WESCO's Senior Vice President and Chief Financial and Administrative Officer, stated, "We are excited about the addition of Communications Supply Corporation, as it significantly extends WESCO's value proposition of providing a broad array of products and services to our diversified customer base. We are also very pleased that the proven and experienced management team will remain intact and assume expanded responsibilities for enhancing our sales and service capabilities. We will look for ways to apply WESCO's national distribution capabilities, strategic account relationships, and LEAN process improvement techniques to CSC's existing business. We will also be identifying and adopting effective business practices successfully utilized by CSC. These activities should provide significant sales opportunities, and operational and administrative synergies."
Mr. Van Oss added, "The acquisition of Communications Supply Corporation is expected to close in early November 2006. We expect this acquisition to be immediately accretive, and we estimate an improvement to WESCO's earnings per share of $0.04 in 2006 and $0.35 to $0.40 in 2007."
WESCO International, Inc. (NYSE: WCC) is a publicly traded Fortune 500 holding company, headquartered in Pittsburgh, Pennsylvania, whose primary operating entity is WESCO Distribution, Inc. WESCO Distribution is a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies, and is the nation's largest provider of integrated supply services. 2005 annual sales were approximately $4.4 billion. The Company employs approximately 6,100 people, maintains relationships with over 24,000 suppliers, and serves more than 100,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates eight fully automated distribution centers and approximately 370 full-service branches in North America and selected international markets, providing a local presence for area customers and a global network to serve multi-location businesses and multi-national corporations.
Acorda Therapeutics, Inc.
03.10.06 21:04 Uhr
9,92 USD
+14,02 % [+1,22]
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Börse
NASDAQ
Aktuell
9,92 USD
Zeit
03.10.06 21:04
Diff. Vortag
+14,02 %
Tages-Vol.
33,79 Mio.
Gehandelte Stück
3,6 Mio.
bellwetherreport.com: Bellwether Report.com is Tracking Acorda Therapeutics, Inc.
Sep 29, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of Acorda Therapeutics, Inc. (NASDAQ: ACOR)
The company is developing therapeutics that would restore neurological function for patients with spinal cord injury and other central nervous system disorders. Its lead drug candidate is Fampridine-SR, which enhances conduction in the myelin layer of nerves damaged by blunt trauma or from multiple sclerosis (MS). The drug is delivered by a sustained release system developed for the firm by the Elan Corporation. Acorda's other drug candidates include valrocemide, a treatment for epilepsy, as well as drugs for MS. The company has also acquired from Elan the rights to market and sell muscle relaxant Zanaflex in the US.
Shares are up 13% after surging all week on MS drug trial data.
NeoMagic Corporation
03.10.06 21:12 Uhr
3,74 USD
+26,78 % [+0,7901]
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Börse
NASDAQ
Aktuell
3,74 USD
Zeit
03.10.06 21:12
Diff. Vortag
+26,78 %
Tages-Vol.
4,44 Mio.
Gehandelte Stück
1,2 Mio.
About NeoMagic
NeoMagic Corporation delivers semiconductor chips and software providing mobile solutions that enable new multimedia features for handheld devices. These solutions offer low power consumption, small form factor and high performance processing. The Company demonstrated one of the first solutions used for H.264 video decoding in a mobile digital TV phone, and is developing and delivering solutions for audio/video processing of the dominant mobile digital TV standards, including ISDB-T, DMB, and DVB-H. For its complete system solution, NeoMagic delivers a suite of middleware and sample applications for imaging, video and audio functionality, and provides multiple operating system ports with customized drivers for the MiMagic product family. NeoMagic has a patent portfolio of over 20 patents that cover NeoMagic's proprietary array processing technology, embedded DRAM and other technology. Information on the Company may be found on the World Wide Web at www.neomagic.com.
Marvell Gets Mauled
By Nicole Ridgway
August 7, 2006
Marvell Technology Group (MRVL1)
Share price as of Monday's close: $19.09
Share price now: $16.80
Percent change: -12%
Volume: 79.6 million shares, daily average 12.9 million
The News
Marvell Technology Group's (MRVL2) shares hit the skids Tuesday after the chip maker warned fiscal-third-quarter sales would be anything but marvelous.
Late Monday, the Hamilton, Bermuda-based company (it does business in Santa Clara, Calif.) announced that sales for the three months ending Oct. 27 would be down 10% from the $574 million it reported during the fiscal second quarter. That means revenue will fall to $517 million, a far cry from a Thomson First Call consensus estimate of analysts that predicted revenue would hit $582 million. The preannouncement marks the first time the company, which is known for beating analysts' estimates, will report a sequential decline in revenue in six years.
Marvell, which makes chips and integrated circuits for broadband communications and data storage products, claims the culprit for the shortfall is less-than-expected demand from its hard-disk-drive customers, most likely as a result of weakness in the PC market and inventory backups.
Adding insult to injury, Marvell said the ongoing review of its stock-options practices has revealed that it will have to restate earnings back to the days of its initial public offering in June 2000. That review has resulted in a "significant increase" in general and administrative costs that the company said it would record in the fiscal third quarter.
The double-whammy knocked double-digit percentages off of Marvell's shares and had analysts scrambling to rejigger their earnings estimates for the company. In trading Tuesday, Marvell's stock fell 12% to $16.80.
The Analysis
While analysts had braced themselves for some sort of sales shortfall from the company, many didn't expect the deficit to be so large.
The hard-disk-drive market, which comprises almost 60% of Marvell's revenue, has been hit by some slowing in PC sales and an increasing reliance on flash memory as opposed to hard-disk drives. But some analysts think Marvell's particular sales shortfall is more indicative of a company-specific problem rather than one that is endemic across the industry.
"Marvell's comments are incongruent with recent released (Semiconductor Industry Association) data and continuing data points out of Asia, indicating that PC unit shipments are returning to more normal seasonal trends," Needham & Co. analyst Charlie Glavin wrote in a research note Tuesday.
Instead, Glavin, whose firm makes a market in Marvell's stock, notes that problems with certain customers could be to blame. Marvell relies heavily on four customers Western Digital (WDC3), Samsung, Toshiba and Fujitsu that comprised more than half of its revenue in fiscal 2006. When one falls short, things can get ugly. In this case, it's Samsung, says Glavin. According to the analyst, Samsung experienced some shipping issues that could've led to order cancellations and perhaps the loss of some customers to competitor Seagate Technology (STX4), which buys its chips from Marvell rival Agere Systems (AGR5).
Seagate could've also proven to be a problem in a different sense. It's acquisition of Maxtor, which closed in May, likely exacerbated the backlogs in the desktop-storage segment, says Jefferies & Co. analyst Adam Benjamin. Benjamin explained in a research report Tuesday that Western Digital and Samsung, both Seagate competitors and Marvell storage customers, may have aggressively ordered products during the first half of the year to get a leg up on the Seagate/Maxtor combination. Yet the two companies didn't quite gain the market share they expected and have yet to get rid of their backlogs, he explained.
As for Marvell's stock-options backdating woes, analysts see the issue as more of a short-term hiccup that'll last a few more months, rather than a long-term pain. Most of the charges will be restated in past earnings, meaning that they'll have little to no impact on future results. Where investors might feel more of a pinch is in the legal and accounting fees that the company will rack up while it pays for the review and fixes its problems.
Given the increased expenses and lower top-line growth, Needham's Glavin cut his pro-forma fiscal 2007 per-share profit estimates to 77 cents a share from 86 cents and trimmed fiscal 2008 from 97 cents a share to 82 cents. For fiscal 2006, which ended on Jan. 28, the company reported $1.67 billion in revenue and earnings of $1.05 a share.
The Bottom Line
"We view this decline in our revenues as a short-term event and we remain focused on continuing to aggressively invest in our business and to expand the reach of our technology into a growing number of high volume markets," said Sehat Sutardja, the company's chief executive, in a statement Monday night.
Most analysts would agree that the revenue decline that Marvell is seeing should be short-lived as PC demand picks up and inventories at customers like Samsung are corrected during the seasonally hot fourth quarter.
"The shares are likely to remain range-bound in the midteens given current headwinds, but we believe (long-term) investors can use this period as an entry point," wrote Deutsche Bank analyst Ross Seymore, who maintained his Buy rating on the stock and lowered his price target to $23 from $27. (Deutsche Bank makes a market in the company's stock.)
Seymore expects demand for cellphone handsets, printers and Sony's (SNE6) upcoming PlayStation 3 to help drive growth at the company, which he believes will outpace the growth of the semiconductor industry as a whole.
Investors may have to lower their expectations of the company for the rest of the year, but maybe at these prices, Marvell is worth buying into.
China Technology Development Group Corporation
04.10.06 18:21 Uhr
6,199 USD
+29,42 % [+1,409]
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bellwetherreport.com: Bellwether Report.com Issues Alert for China Development Group Corp.
Oct 04, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of China Development Group Corp. (Nasdaq: CTDC)
The company (traditionally a provider of systems integration and network design services) has shifted its focus to developing network security software for the Chinese market, after acquiring subsidiary BHL Networks Technology in 2002. The company's offerings include network security software, network management applications, and software development services. Its security software is also bundled with hardware sold by Legend Group. The company's customers include government agencies, universities, banks, and financial services firms. Beijing Holdings controls a majority stake in the company.
Shares are up 17% since the company regained Nasdaq compliance.
China Technology Development Group Corp., a Hong Kong-based provider of network security products and services, said Friday
NVIDIA Corporation
04.10.06 18:27 Uhr
30,07 USD
+6,25 % [+1,77]
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Börse
NASDAQ
Aktuell
30,07 USD
Zeit
04.10.06 18:28
Diff. Vortag
+6,25 %
Tages-Vol.
456,21 Mio.
Gehandelte Stück
16 Mio.
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 (1) As HD DVD is a new format containing new technologies, certain disc, digital connection, compatibility and/or performance issues may arise, and do not constitute defects in the product. Flawless playback on all systems is not guaranteed.
inVentiv Health, Inc.
04.10.06 18:39 Uhr
27,41 USD
-11,89 % [-3,70]
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Börse
NASDAQ
Aktuell
27,41 USD
Zeit
04.10.06 18:39
Diff. Vortag
-11,89 %
Tages-Vol.
62,87 Mio.
Gehandelte Stück
2,3 Mio.
bellwetherreport.com: Bellwether Report.com is Taking Serious Note of inVentiv Health, Inc.
Oct 04, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of inVentiv Health, Inc. (Nasdaq: VTIV)
A spinoff of global marketer Snyder Communications, inVentiv Health provides commercial and clinical services for the life sciences and pharmaceutical industries. The company's commercial services unit provides outsourced sales and marketing services, market research, data collection and management, recruitment, and training. The clinical services unit provides clinical staffing, clinical research and statistical analysis, and executive placement. Clients have included Bayer Corporation, Bristol-Myers Squibb, and Noven Pharmaceuticals. In late 2005 inVentiv acquired health care communications agency inChord Communications for $185 million.
Shares are down 12% since cutting 400 jobs.
The chief executive of inVentiv Health Inc. on Wednesday
ARMOR HLDGS INC
04.10.06 18:41 Uhr
53,67 USD
-10,37 % [-6,21]
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Börse
NYSE
Aktuell
53,67 USD
Zeit
04.10.06 18:41
Diff. Vortag
-10,37 %
Tages-Vol.
259,32 Mio.
Gehandelte Stück
5,5 Mio.
Armor Holdings, Inc. Provides Updated Earnings Guidance Revises 3rd Quarter Earnings Per Diluted Share to $0.55 to $0.65
JACKSONVILLE, Fla., Oct 04, 2006 /PRNewswire-FirstCall via COMTEX/ -- Armor Holdings, Inc. (NYSE: AH), a leading manufacturer and distributor of military vehicles, vehicle armor systems and life safety and survivability systems serving military, law enforcement, homeland security and commercial markets, announced today that it expects fiscal 2006 third quarter earnings per diluted share to be $0.55 to $0.65, compared to previous guidance of $0.75 to $0.80. The revised outlook primarily reflects the timing of revenue associated with ground vehicle supplemental armor programs for the M1114 Up-Armored HMMWV, as well as certain soldier equipment programs, both of which are now expected to ship in the fourth quarter of fiscal 2006 and in fiscal 2007. This outlook also reflects lower than expected spare parts volume and higher than expected ramp-up costs and manufacturing inefficiencies in expanding certain soldier equipment lines to meet increased 2007 production goals.
Taking into account the positive impact of the portion of shipments now expected to occur in the fourth quarter, offset by lower than previously expected spare parts volume and continuing elevated ramp-up costs through the end of 2006, the Company is maintaining its outlook for the fourth quarter. Based on this, fiscal 2006 earnings per diluted share are now expected to be $3.55 to $3.65.
Robert R. Schiller, President and Chief Operating Officer of Armor Holdings, Inc., commented, "While we are disappointed by the revised forecast, we remain optimistic about the fourth quarter and next year. We are focused on meeting the demand recently outlined in the 2007 U.S. federal budget, building on the more than $900 million in new contracts we were awarded in the third quarter. In addition, the integration of Stewart & Stevenson is proceeding according to plan, and we are beginning to realize the benefits of this strategic acquisition."
The Company expects to release 2006 third quarter earnings and host its regularly scheduled earnings conference call on Thursday, October 19, 2006, after the close of the market.
About Armor Holdings, Inc.
Armor Holdings, Inc. (NYSE: AH) is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets. Additional information can be found at http://www.armorholdings.com.
Wall Street News Alert: Market Alert for Thursday! October 5, 2006 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Oct 05, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: International Oil & Gas Holdings Corporation (PINKSHEETS: IGHL), Exxon Mobil Corporation (NYSE: XOM), Transocean Inc. (NYSE: RIG) and Canadian Natural Resources Limited (NYSE: CNQ).
With the news that International Oil & Gas Holdings Corporation (PINKSHEETS: IGHL) has released, the company may appear on the radar of investors. The company, a diversified holding company with joint ventures in the energy, technology, insurance, real estate and security sectors, issued a press release announcing that it has completed a revaluation and Volumetric study of 3,500+ acres of proven oil and gas reserves with Net Assessed Value increasing to over $1.5 Billion.
According to the company's press release, its Joint Venture partner, Pacific Asian Atlantic Foundation, had the geological appraisal on the 3,535 acre parcel revaluated on June 18, 2006.
The release further states that the study identifies that substantial oil and gas reserves are present which are proven in part by scientific evaluations which include but are not limited to, core samples taken by BBM Corporation, 2-D seismic imaging completed by Western Geophysical Corporation, well logs taken and processed by Daimlers Corporation, and surface and subsurface geological studies done by Westin G&G Evaluations, Ltd.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of International Oil & Gas Holdings! "International Oil & Gas Holdings Corp.'s shareholders will benefit from increased asset value as this report fairly reflects the current market valuation of our asset. The re-appraisal of the property using more current market pricing showed a 300% increase in the property's valuation and is more representative of how significant this asset truly is," stated Mr. McAllister, CEO of IGHL.
The company's press release states that The Pacific Asian Atlantic Foundation, an international humanitarian organization headquartered in Beverly Hills, California, is responsible for developing humanitarian projects throughout the world. The Foundation has a proven oil and gas reserve renewable leasehold assignment to March 16, 2015 on a 3,525-acre parcel located in Putnam County, Tennessee. A volumetric study and geological re-appraisal of the property was completed on June 18, 2006, placing a minimum assessed net value of $1,572,700.000.00 on the oil and gas reserves. The appraisal assumed $60.00 per barrel for oil and $6.00 per thousand cubic feet for gas. The report is calculated with a minimum accuracy of 90%.
The stock closed yesterday at $2.50 a share.
In case you are not familiar with the company: International Oil & Gas Holdings Corporation (IGHL) is a holding company that partners with high-growth, profitable companies with great potential and powerful synergies while providing financial and/or management services to its Joint Venture partners and/or its subsidiaries. IGHL's primary focus is in the oil and gas energy sector. The company also has investments in energy technologies and insurance that give it a unique position in the market. Additionally, the company has diversified its investments by working with real estate and security companies that have synergies with its energy and insurance projects. The company is a full service petroleum distributor operating in business, government, and industry markets. The company is headquartered in Las Vegas, Nevada and its affiliates have offices in Dallas, Texas, Colorado and Southfield, MI.
Exxon Mobil Corporation (NYSE: XOM) up 1.8% on 25.8 million shares traded. Exxon Mobil Corporation is an international energy company whose subsidiaries have operations in many countries and territories.
Transocean Inc. (NYSE: RIG) down 0.1% on 14.6 million shares traded. Transocean Inc. is one of the largest offshore drilling contractors with a fleet of 83 mobile offshore drilling units.
Canadian Natural Resources Limited (NYSE: CNQ) up 1.6% on 2.7 million shares traded. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore West Africa.
Market Commentary:
"In economic news, the service-sector continued to show slowing growth. The ISM, Institute for Supply Managers, said the non-manufacturing index fell to 52.9% in September, economists were expecting 56.2%, but any reading over 50% shows a growing economy. The price index plunged to 56.7% from 72.4% in September; lower fuel costs helped," stated Sonja Rudd
DuPont and Broin Partner to Advance Development of Ethanol From Cellulosic Biomass Partnership Brings Together Needed Technologies To Accelerate Delivery of Biofuels from Cellulose
WILMINGTON, Del. and SIOUX FALLS, S.D., Oct 05, 2006 /PRNewswire-FirstCall via COMTEX/ -- Two technology leaders in the growing biofuels industry, DuPont (NYSE: DD) and Broin, today announced a partnership in the United States to take the next steps needed to bring cost-effective ethanol derived from corn stover to market.
"We are pleased to partner with Broin, a company that is regarded as a technology expert in biorefining," said DuPont Executive Vice President and Chief Innovation Officer Thomas M. Connelly. "We have worked over the last three years to develop a technology package that can efficiently break down the complex sugar matrix found in corn stover into ethanol from cellulose at a high yield. We are excited about the progress we have made and, while we still have to complete more research, we are ready to take the next steps to bring cellulosic ethanol to market. This is further demonstration of DuPont's commitment to bring to market renewably sourced materials that reduce global reliance on petroleum."
"The partnership between Broin and DuPont brings together much of the needed technology that is important to the future development of cellulose to ethanol," Mike Muston, Broin's executive vice president of corporate development said. "The ability to combine the global science of DuPont with Broin's ethanol production technology puts us in position to make the commercialization of cellulose to ethanol a reality much sooner."
Since 2003, DuPont and the U.S. Department of Energy have jointly funded a four-year research program to develop technology to convert corn stover into ethanol. The Integrated Corn-Based BioRefinery (ICBR) is aligned with DuPont's strategy to develop new innovations that can convert energy crops, such as grasses, and agricultural byproducts, such as straw and corn stalks, into biofuels and other renewably sourced materials. Partners in this research program include DuPont and its subsidiary Pioneer Hi-Bred International, Inc., the Diversa Corporation, the National Renewable Energy Laboratory, Michigan State University and Deere & Company.
The Integrated BioRefinery technology will significantly increase the amount of ethanol per acre achievable by using both the corn grain and stover. DuPont's "first in class" fermentation process, developed with its partners, allows high conversion of both C-6 glucose sugars and the difficult to ferment C-5 xylose sugars to ethanol at high yields. The Integrated BioRefinery technology uses a microorganism called Zymomonas mobilis to make these conversions. In nature, this organism lives in solutions of high sugar concentrations, such as those derived from fruits and the sugar sap of plants, and so is well-suited for highly efficient conversion of sugar.
Broin and the U.S. Department of Energy jointly funded a five-year research initiative to develop and improve dry mill fractionation with the assistance of the National Renewable Energy Laboratory (NREL) and South Dakota State University. The project provided for the commercialization of Broin's fractionation technology, or "BFrac(TM)", which together with Broin's raw starch hydrolysis process (BPX(TM)), creates the foundation for biorefining in the future. The results of BFrac(TM) include producing higher ethanol yields, but more importantly it creates additional value-added products and streams -- including the intended use of fiber in the production of cellulose to ethanol.
TradersWorks.com: Energy News & Gainers Profiles- NDOL, PGPM, KING, WWEN
Dallas, Texas, Oct 05, 2006 (M2 PRESSWIRE via COMTEX) -- TradersWorks today with Nord Oil International (OTC:NDOL); Pilgrim Petroleum Corporation (OTC:PGPM); King Resources, Inc. (OTC: KING); W2 Energy Inc. (OTC:WWEN)
Oil News: Oil continues above $60 on OPEC production cut speculation. Joining Nigeria and Venezuela, Kuwait, Iran and Libya reported to tighten supply with 170,000 barrels per day. NYMEX: rose to $60.85, while Brent increased 2.12% to $59.57.
Nord Oil International (OTC:NDOL) recently announced that it has changed its name to North West Oil Group as provided in the merger agreement. The relevant ticker symbol shall also be changed. This is a step closer in the Company's quest to go to another exchange. Additionally, it has retained a leading investment banker to list the corporation on the London Alternative Investment Market (AIM) and conclude a USD $60 million private placement. The Company is very glad to be working with such a reputable firm that will play a key part in securing the financing which is needed to conclude several acquisitions and enable the company to increase production to 7 million barrels of crude oil per year. The Company has filled Form 15 as a first step in both the listing and financing process in London and to expedite the name change from Nord Oil International Inc. to North-West Oil Group Inc.
Stock Price closed at: 0.185, Up+ 5.71% on 3,741,286 shares traded
Pilgrim Petroleum Corporation (OTC:PGPM) recently announced the company's projected EPS (Net Earnings / Outstanding Shares) $102,370,000/358,841,164 of 0.29 based on Pilgrim's Future Net Revenues estimations. Thus, the resulting EPS multiplied by a sustainable growth rate of 25% and multiplied by the average industry P/E ratio of 14.79 (Reuters), Pilgrim's intrinsic value or estimated stock value should be worth $1.055 per share. This assessment doesn't include all of Pilgrim Petroleum properties, only those in Wichita and Archer counties. We will disclose results next quarter for the rest of our properties. In its efforts to become a fully reporting company, Pilgrim Petroleum concluded its initial phase of acreage resource estimation and economic valuation. It will continue to value and put in line the additional properties recently added to its asset portfolio, while implementing its ongoing well re-activation program. Pilgrim Petroleum management is focused on multiple horizons with hydrocarbon potential and is proud to communicate that the company's combined assets of marginal wells and potential resources will create additional value to its current and future shareholders. Rafael Pinedo, President of Pilgrim Petroleum Corporation, commented, "Pilgrim Petroleum is growing in a very fast pace with substantial opportunities. Management is committed to continue our process to be listed in Canada. Pilgrim Petroleum is looking forward to keeping investors informed of its progress and success in 2006." Stock Price closed at: 0.050 on 303,925 shares traded
King Resources, Inc. (OTC: KING) KING announced recently that the company has decided to implement a project creating a "Joint Venture Consortium" to fully capitalize on the professional offshore expertise of KING's exploration team who together have more than 170 years experience in the oil & gas Industry. In addition, King's management announces the number of shares issued and outstanding in a recent audit by KING's Transfer Agent.
Joint Venture Consortium This planned Joint Venture calls for KING's exploration team to lead a consortium of oil & gas exploration companies in evaluating, bidding and acquiring offshore Gulf of Mexico blocks, at federal and state offshore lease sales. The increase in interest in the offshore arena, particularly after the recent Chevron, Devon, Statoil, Jack 2, discovery in the Walker Ridge area in the deep Gulf of Mexico supports King's long held belief that substantial, economical oil & gas reserves remain to be found in the Gulf of Mexico. This Joint Venture will add to King's position in the area. Several large independent oil & gas companies have published analysis on the exploration potential of the Gulf of Mexico, which reflects King's thinking. King's exploration team has successfully led similar consortiums in the past, which resulted in discoveries offshore Texas and offshore Louisiana, including the Vermillion area, where King has a Farmout on 10,000 acres with a potential of 250 BCF of gas. Some of these discoveries are still producing after more than 20 years.
Issued and Outstanding Shares King has received the results of an audit by its Transfer Agent which shows that the total number of shares issued and outstanding is 152,687,640. The approximate trading float is 34 million shares.
King is negotiating the financing of acquisitions which may require some equity be provided by King. If market conditions warrant, this equity may be raised by issuing stock.
Stock Price closed at: 0.1140, Up+8.57% on 1,140,227 shares traded
W2 Energy Inc. (OTC:WWEN), a developer of green energy, announced in Aug. 28th, it has passed the application process and is in underwriting with a mid-size south western banking firm to provide debt financing for a 1000 bbd (barrels per day) diesel fuel project. This project once completed will provide the company with a cash flow of approximately $20M per year. The company is continuing to execute on its business plan to scale our plants to a size of 10,000 bbd. Our 100 bbd plant which has been primarily funded by the company will be utilized as a research facility and will be located near Drexel Plasma Institute in Philadelphia. The intent of this plant will be for research and development of new fuels that are more environmentally friendly as well as easily integrated into today's fuel distribution infrastructure. The 1000 bbd plant will be the first plant W2 Energy will operate for profit and begin to fill our outstanding requests for production which currently run over US$2.0 billion. The plant will be a scale model of our 10,000 bbd design and will act as a working example for scale up to the larger systems. Once the finance is complete the project completion time will be approximately 1.5 years from ground breaking to completion. The company continues to push forward on other projects including designs for 10,000 bbd plants and also plants designed specifically for electrical energy production. The corporation intends on financing these projects through both debt and joint venture partnerships.
Stock Price closed at: 0.07 on 1,394,570 shares traded
05.10.2006 18:31
STARBUCKS explodiert vor sich hin
Starbucks (Nachrichten/Aktienkurs) (SBUX / ISIN: US8552441094) : 38,56 $ (+7,23 %)
Aktueller Tageschart (log) seit Februar 2006 (1 Kerze = 1 Tag)
Kurz-Kommentierung: Die Starbucks Aktie verfolgt seit einigen Monaten unseren favorisierten Fahrplan und kann entsprechend weiter ansteigen. Die Grundlage für diesen Kursanstieg wurde durch einen kleinen charttechnischen Doppelboden im August 2006 geliefert. Im heutigen Handel erreicht die Aktie ein weiteres Etappenziel bei 38,33 $. Hier ist eine Zwischenkorrektur möglich, angesichts der starken Aufwärtsdynamik aber nicht mehr nötig. Steigt sie über 38,33 $ auf Tagesschlusskursbasis an, wäre auch ein direktes Durchstarten bis 39,88 $ möglich. Die letztgenannte Marke bildet zugleich das AllTimeHigh. Eine mögliche Zwischenkorrektur sollte jetzt nicht mehr tiefer als 34,73 $ gehen, um den bullischen Ansatz nicht zu gefährden.
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HANDELSBLATT, Donnerstag, 5. Oktober 2006, 16:00 Uhr
Inside: Partygaming
Der Fall des Zocker-Imperiums
Von Dirk Heilmann
Jede Glückssträhne geht einmal zu Ende. Nun hat es die Internet-Casinos erwischt. Steil war ihr Aufstieg und Partygaming war ihr Leitstern.
LONDON. Locker überflügelte das Unternehmen mit Sitz in Gibraltar nach dem Börsengang im Juni 2005 etablierte Konzerne und landete in der Eliteliga des FTSE-100-Index. Nun steht es vor den Scherben seines Geschäfts und muss neu aufbauen. Die USA haben die Online-Zocker aus dem Land geworfen wie der Barkeeper einen Falschspieler aus dem Saloon. Die Branche dürfte sich wohl selber keine Hoffnung machen, dass Präsident George W. Bush mitten im Kongress-Wahlkampf noch sein Veto gegen das Gesetz einlegt, das den Internet-Casinos die Geschäftsgrundlage entzieht. Auch die Neigung der europäischen Regierungen, sich ausgerechnet für die Zocker-Branche bei der Welthandelsorganisation stark zu machen, dürfte gering sein.
Zurück auf Anfang also für Partygaming. Knapp vier Fünftel der Kunden und der Umsätze sind für den Marktführer von heute auf morgen verloren. Entsprechend fiel der Aktienkurs seit Wochenbeginn um mehr als 60 Prozent. Er liegt damit bei einem Drittel des Emissionspreises. Die Aktionäre müssen zudem noch den Ausfall der versprochenen Dividende schlucken. Doch beschweren können sie sich nicht, und Klagen haben wohl keine Aussicht auf Erfolg. Ausführlich hat Partygaming schließlich im Börsenprospekt auf regulatorische Risiken hingewiesen: Auch wenn die Entscheidung des US-Kongresses in der Nacht zum Samstag überraschend kam, war doch die Legalität des Geschäfts auf dem Hauptmarkt USA schon immer zweifelhaft.
PARTYGAMING PLC LS-,0015
Den vier Firmengründern gehören zwar immer noch zwei Drittel der Aktien, den Rest haben sie aber zur richtigen Zeit zu Geld gemacht und sich aus dem Management verabschiedet. Das Gründerteam besteht aus dem Inder Anurag Dikshit, dem Kopf hinter der Poker-Software, seinem Geschäftspartner Vikrant Bhargava, der US-Anwältin und Porno-Unternehmerin Ruth Parasol und ihrem Ehemann Russ DeLeon. Der Börsengang hat ihnen Milliarden gebracht: Dikshit ist mit Anfang 30 einer der jüngsten Milliardäre, Parasol steht auf der Forbes-Liste unter den 500 Reichsten der Welt. Es hätte noch etwas mehr sein können, doch als die Gründer sich im Juni die Haltefrist verkürzen ließen, spielte die Börse nicht mit und kaufte ihnen nicht alle Aktien ab, die sie loswerden wollten.
Auch Angestellten ging es gut: Ex-Vorstandschef George Segal ging mit einem Trostpflaster im zweistelligen Millionenwert, und der aktuelle Chef Mitch Gerber trat mit einer Prämie von sechs Millionen Dollar an.
Nun muss der als Rechtsberater für Casinos erfahrene Manager zeigen, dass er sein Geld wert ist. Und es gibt Aussichten, dass Partygaming bald durchstarten kann. Schwächere Konkurrenten will der Marktführer am Wegesrand aufsammeln jedenfalls begründete er den Ausfall der Dividende damit, dass er Geld für Übernahmen brauche. Und der Anteil der Neukunden von außerhalb der USA ist zuletzt schon deutlich gestiegen. Mit den branchenüblichen Gewinnmargen lässt sich das Wachstum finanzieren, auch wenn Börse und Banken jetzt vorsichtiger sind. So hat Partygaming im ersten Halbjahr bei einem Umsatz von 662 Millionen Dollar einen Gewinn von 321 Millionen Dollar vor Steuern eingestrichen.
PARTYGAMING PLC LS-,0015
Doch wie die österreichische Bwin weiß, ist der europäische Markt nicht einfacher als die USA und Analysten warnen, dass Asien nicht so leicht aufzurollen sein wird, wie die Unternehmen glauben. Die beste Lösung für die Aktionäre wäre, dass die großen Casino-Gruppen aus den USA jetzt die Online-Zocker aufschnappen. Doch wollen sie in ein Geschäft investieren, das politisch so unpopulär ist?
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BUYINS.NET: IVOW, CNIG, DVNTF, GLDRF, MPRG, NTFY Have Been Added To Naked Short List Today
Oct 06, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: iVOW Inc. (NASDAQ: IVOW), Corning Natural Gas Corporation (OTCBB: CNIG), Diversinet Corp (OTCBB: DVNTF), Goldbelt Resources Ltd. (OTC: GLDRF), Motion Picture Group, Inc. (OTC: MPRG), Notify Technology Corporation (OTCBB: NTFY)
iVOW Inc. (NASDAQ: IVOW) provides disease management and consulting services for the treatment of chronic and morbid obesity in the United States. It develops and markets products and services for the bariatric clinical, medical, and surgical markets. Bariatrics is the medical science of weight reduction and nutrition. The company also offers program management, healthcare services, operational consulting, and clinical training services to employers, payors, physicians, and hospitals involved in the medical and surgical treatment of the chronic and morbidly obese patients. In addition, it provides specialized vitamins to patients who have undergone obesity surgery. The company was founded in 1993 as Vista Medical Technologies, Inc. and changed its name to iVOW, Inc. in 2005. iVOW is headquartered in San Diego, California. With 3.47 million shares outstanding and 3,955 shares declared short as of September 2006, there is a failure to deliver in shares of IVOW.
Corning Natural Gas Corporation (OTCBB: CNIG) operates as a natural gas utility It operates in three segments, the Gas Company, Corning Mortgage, and Corning Realty. The Gas Company segment distributes gas with its own pipeline distribution and transmission systems to residential, commercial, industrial, and municipal customers in the Corning, New York. The Corning Realty segment engages in residential and commercial real estate operations. The Corning Mortgage segment engages in mortgage lending services. The company served approximately 14,000 customers, as of March 31, 2006. Corning Natural Gas Corp. was incorporated in 1904 and is headquartered in Corning, New York. With 506,918 shares outstanding and an undisclosed short position, there is a failure to deliver in shares of CNIG.
Diversinet Corp. (OTCBB: DVNTF) provides strong authentication solutions that help businesses secure the transactions and identity of their customers--anywhere, on any consumer device. Diversinet's reliable, convenient end-to-end OTP (one-time password) solutions enable cost-effective authentication, helping businesses reduce identity theft, increase their service offering revenue and comply with regulations. Diversinet customers include major banks, credit card companies, health services, security and hardware companies. Diversinet's unique solutions include MobiSecure soft token and MobiSecure Authentication Service. Since 1998, the company has built a track record of innovation and world-leading expertise in the authentication security and mobility sectors. With 24.32 million shares outstanding and 34,494 shares declared short as of September 2006, there is a failure to deliver in shares of DVNTF.
Goldbelt Resources Ltd. (OTC: GLDRF) is a Canadian junior mining company focused on exploring and developing known gold prospects in West Africa. Goldbelt currently controls over 4,600km2 of land in Burkina Faso, and is working on bringing the Inata Project into production by year end, 2007. With 44.50 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of GLDRF.
Motion Picture Group, Inc. (OTC: MPRG) was created to meet the needs of the international entertainment industry through financing and producing commercially driven motion pictures for the domestic and international arenas. The Company's management team has produced and developed many films that have received international acclaim and are box-office successes. With 216,000 shares outstanding and 5,006 shares declared short as of September 2006, there is a failure to deliver in shares of MPRG.
Notify Technology Corporation (OTCBB: NTFY) provides real time wireless synchronization of email, calendar, contacts, and tasks, supporting any Blackberry, Palm, and Windows Mobile Wireless device on cellular, voice, and data networks worldwide. It also supplies traditional landline call and message notification products and services. The company's product portfolio comprises NotifyLink Enterprise Mobility Solution, through which mobile users could read, compose, reply, forward, mark as read, and delete email messages from their mobile device; and The NotifyLink On-Premise Edition that provides a single enterprise solution supporting the wireless needs of its users through the use of an on-premise server. Notify Technology Corporation also offers NotifyLink Hosted Edition, which provides wireless synchronization of email, calendar, contacts, and task information as the NotifyLink On-Premise Edition, without the need of any on-premise hardware or software. It remotely accesses email and PIM data from the customer site and synchronizes to a user's Blackberry, Palm, or Windows Mobile wireless device. In addition, the company offers the Visual Got Mail Solution, which is designed to provide voice mail notification services to customers. The company was founded by Paul F. DePond in 1994. Notify Technology Corporation is based in San Jose, California. With 13.97 million shares outstanding and 214 shares declared short as of September 2006, there is a failure to deliver in shares of NTFY.
Exxon Gives Final Approval on South Liberty Oil Field Lease
LOS ANGELES, CA, Oct 06, 2006 (MARKET WIRE via COMTEX) -- National Healthcare Technology Inc. (OTCBB: NHCT), d/b/a Brighton Oil, announced today that it has received final approval from Exxon on the development plan associated with the project and operations in the South Liberty County Oil Lease. It is anticipated that the assignments between the various interested parties of this transaction will be executed next week. After the completion of the assignments, Brighton can commence operations in order to further develop the existing production and to develop additional production on the field.
The prospect consists of 9 Yegua wells on the leases which have depths of 5,000 to 9,000 feet, three producing wells and 4 work-over wells. It is expected that the 4 work-over prospects will generate in the range of 100 to 200 barrels per day of oil production. A new well, the Gulf Crown #6, will also be drilled. The overall project will consist of completing the work-overs and re-entry of the existing wells. The company also plans an updip on the Humble-Simms #16, which will allow access to three deeper sands within the Orange Massive formation.
This project is an exciting project for Brighton as it offers existing production, ongoing work-over opportunities, as well as new drilling into established formations and zones of production.
Sam Petrossian, Chief Executive Officer of Brighton Oil commented, "The South Liberty Oil Field Lease is a perfect complement to our growing portfolio of oil field assets. We remain completely focused on only acquiring properties that can yield near term production for our company."
About Brighton Oil.
Brighton Oil is an oil and gas company with a focus on gulf coast oil and gas prospects and properties. Brighton is careful to develop a thorough drilling plan using advanced technologies in both mapping and the use of 3D seismic reports and information. Brighton Oil trades under the ticker symbol NHCT. For more information on the Company visit www.Brightonoil.com.
06.10.2006 19:47
Presse: Google in Übernahmeverhandlungen mit YouTube
(aktiencheck.de AG) - Die amerikanische Internet-Suchmaschine Google Inc. (ISIN US38259P5089 (Nachrichten/Aktienkurs)/ WKN A0B7FY) befindet sich nach Presseberichten in Gesprächen mit der Internetseite YouTube Inc.
Wie das "Wall Street Journal" am Freitag in seiner Online-Ausgabe berichtet befinden sich die beiden Unternehmen in Übernahmeverhandlungen, wobei das Volumen mit rund 1,6 Mrd. Dollar angegeben wird. Dem Bericht zufolge befinden sich die Gespräche in einem sensiblen Stadium. YouTube ist eine der erfolgreichsten Videoplattformen im Internet.
Die Google-Aktie gewinnt derzeit an der NASDAQ 1,18 Prozent auf 416,63 Dollar. (06.10.2006/ac/n/a)
Generex Biotechnology Corporation
10.10.06 16:06 Uhr
2,4599 USD
+11,31 % [+0,2499]
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Börse
NASDAQ
Aktuell
2,4599 USD
Zeit
10.10.06 16:06
Diff. Vortag
+11,31 %
Tages-Vol.
10,46 Mio.
Gehandelte Stück
4,6 Mio.
Generex Biotechnology Announces Expansion of Glucose RapidSpray(TM) Distribution Company Fills Purchase Orders From Additional Retail Pharmacies
TORONTO, Oct 10, 2006 (MARKET WIRE via COMTEX) -- Generex Biotechnology Corporation (NASDAQ: GNBT), the leader in metabolic diseases drug delivery through the inner lining of the mouth, announced today that it has filled several purchase orders from additional retail pharmacies for Glucose RapidSpray, its new over-the-counter glucose oral spray product.
Generex has filled orders for Meijer, Inc., Kerr Drug, Inc., Hy-Vee, Inc., and Fruth Pharmacy, Inc.
Additional information on the product may be found at www.GlucoseRapidSpray.com.
About Generex
Generex is engaged in the research and development of drug delivery systems and technologies. Generex has developed a proprietary platform technology for the delivery of drugs into the human body through the oral cavity (with no deposit in the lungs). The Company's proprietary liquid formulations allow drugs typically administered by injection to be absorbed into the body by the lining of the inner mouth using the Company's proprietary RapidMist(TM) device. The Company's flagship product, oral insulin (Generex Oral-lyn(TM)), which is available for sale in Ecuador for the treatment of patients with Type-1 and Type-2 diabetes, is in various stages of clinical trials around the world. For more information, visit the Generex Web site at www.generex.com.
24/7 Real Media, Inc.
10.10.06 16:13 Uhr
9,00 USD
+11,66 % [+0,94]
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Börse
NASDAQ
Aktuell
9,00 USD
Zeit
10.10.06 16:13
Diff. Vortag
+11,66 %
Tages-Vol.
10,33 Mio.
Gehandelte Stück
1,2 Mio.
GNBT (NASDAQ: TFSM) For the six months ended 30 June 2006, 24/7 Real Media, Inc.'s revenues increased 45% to $91.1M. Net loss applicable to common totaled $7M, up from $618K. Revenues reflect an increase in Media Solution segment revenue & Search revenues. Net loss reflects increased sales & marketing expenses, higher general & administrative expenses, increased product development expenses and an absence of gain on sale of securities.
InFocus Corporation
10.10.06 19:46 Uhr
2,40 USD
-19,73 % [-0,59]
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Börse
NASDAQ
Aktuell
2,40 USD
Zeit
10.10.06 19:46
Diff. Vortag
-19,73 %
Tages-Vol.
4,44 Mio.
Gehandelte Stück
1,9 Mio.
bellwetherreport.com: Bellwether Report.com is Tracking InFocus Corp.
Oct 10, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of InFocus Corp. (Nasdaq: INFS)
The company is a leading maker of projectors that can present output from computers, VCRs, and DVD and laserdisc players. Its products include portable projectors, projectors for conference rooms and auditoriums, and home theater models. Larger models are used to make business presentations and double as big-screen TVs when connected to a VCR or DVD player. InFocus sells its products through distributors such as Ingram Micro (about 15% of sales in 2005) and Tech Data, resellers that brand the projectors under their own labels, and directly to retailers and corporations.
Shares are down 18% since warning of operating loss and lower revenue for the third quarter.
Osiris Therapeutics Receives Approval from Health Canada to Conduct Phase III Clinical Trial for Lead Stem Cell Drug Regulatory Action Allows Osiris to Expand Landmark Trial into Canada
BALTIMORE, Oct 11, 2006 (BUSINESS WIRE) -- Osiris Therapeutics, Inc. (NASDAQ: OSIR) has received regulatory approval to expand patient enrollment into Canada for its ongoing Phase III pivotal trial evaluating PROCHYMAL(TM) for the treatment of Graft vs. Host Disease.
Graft vs. Host Disease or GVHD is a life threatening immunological reaction that occurs in about 50% of patients who receive donated bone marrow or a similar transplant. GVHD is a form of rejection that occurs when the donated bone marrow attacks the recipient's organs. There is no approved treatment for GVHD. As a result, it is one of the leading causes of death in bone marrow transplant patients.
"We are excited to join this major international effort," said Dr. David Allan, Assistant Professor of Medicine at the Ottawa Hospital. "In Canada and around the world, there is a definite need for effective therapies to treat GVHD. The initial studies evaluating PROCHYMAL are promising and we look forward to participating in this confirmatory study."
To receive approval to conduct the trial in Canada, Osiris submitted a comprehensive application that included information about the safety and efficacy of the drug, manufacturing and quality specifications, and patient information. The application was reviewed and approved by Health Canada, the federal regulatory agency responsible for the approval of new drugs in Canada.
"This trial is a major undertaking with worldwide implications," said C. Randal Mills, Ph.D., President and CEO of Osiris Therapeutics. "If successful, PROCHYMAL may not only be the first treatment approved for GVHD, but also the first stem cell drug approved for any indication. To accomplish this, we are coordinating an international effort among the world's leading physicians, hospitals, and regulatory agencies. Receiving approval to expand into Canada demonstrates the progress we are making and is a significant milestone for the team."
PROCHYMAL is a preparation of mesenchymal stem cells specially formulated for intravenous infusion. The stem cells are obtained from the bone marrow of healthy adult donors. PROCHYMAL is currently being evaluated for the treatment of GVHD and Crohn's Disease. The Phase III trial for GVHD is anticipated to be the final trial before the drug is submitted to FDA, Canadian and European regulatory agencies for full approval. PROCHYMAL has been granted Fast Track status by FDA. The Fast Track program was established by FDA to accelerate the development of drugs that show promise for treating life threatening conditions. The drug has also been granted Orphan Drug status by FDA. Orphan Drug designation provides incentives to companies that develop drugs for small, underserved patient populations.
About Osiris Therapeutics
Osiris Therapeutics, Inc. is a leading stem cell therapeutic company focused on developing and marketing products to treat medical conditions in the inflammatory, orthopedic and cardiovascular areas. Osiris currently markets and sells Osteocel(R) for regenerating bone in orthopedic indications. Prochymal(TM) is in Phase 3 clinical trials and is the only stem cell therapeutic currently designated by FDA as both an Orphan Drug and Fast Track product. The Company's pipeline of internally developed biologic drug candidates under evaluation also includes Chondrogen(TM) for regenerating cartilage in the knee, and Provacel(TM), for repairing heart tissue following a heart attack. Osiris is a fully integrated company, having developed stem cell capabilities in research and development, manufacturing, marketing and distribution. Osiris has developed an extensive intellectual property portfolio to protect the company's technology in the United States and a number of foreign countries including 46 U.S. and 164 foreign patents owned or licensed. (OSIR-G)
GE Capital Solutions and STATS ChipPAC Celebrate US$ 320 Million of Cumulative Leasing Volume on Ten-Year Anniversary
SAN DIEGO & SINGAPORE, Oct 11, 2006 (BUSINESS WIRE) -- Jeff Immelt, Chairman of the Board and Chief Executive Officer of General Electric, presented a commemorative award to Wan Choong Hoe, Executive Vice President and Chief Operating Officer, of STATS ChipPAC Ltd. at the Tower Club in Singapore. The award was presented in celebration of the ten-year relationship between GE Capital Solutions, Global Electronics Services (GES) and STATS ChipPAC and the attainment of US$ 320 million in cumulative leasing volume. STATS ChipPAC, a leading service provider of semiconductor packaging design, assembly, test and distribution solutions, has looked to GES for leasing and financing solutions on numerous occasions over their long-standing association.
"The length of our close relationship with STATS ChipPAC is a testament to the success of our Acquire, Use, Remarket(SM) model. GES actively manages every facet of STATS ChipPAC's asset portfolio, beginning with customized leasing solutions in the Acquire phase, optimizing equipment utilization through tool swaps, lease extensions and asset relocations in the Use phase, and finally helping to dispose of idle equipment in the Remarket phase," commented Melvin Low, Asia Managing Director for GES. "GES' global footprint, particularly in Asia, also plays a critical role in our relationship and allows us to support STATS ChipPAC's continued business expansion throughout this region."
Almost half of the total lease volume of US$ 320 million has been generated within the last three years, which is indicative of the increase in influence and importance of Asia in the semiconductor industry.
Tan Lay Koon, President and Chief Executive Officer of STATS ChipPAC, said, "GE has been a valued partner to us and has been able to support us with flexible products in all the countries where we operate. We look forward to GE's continued support in the future as we invest to meet our customers' growing needs."
About GE Capital Solutions, Global Electronics Services
GE Capital Solutions, Global Electronics Services (GES), a unit of GE Commercial Finance and headquartered in San Diego, California, is the leading global expert in delivering customized asset management services (Acquire, Use, Remarket(SM)) to electronics manufacturers of semiconductor fabrication (FAB), automated test equipment (ATE), printed circuit board assembly (PCA) and flat panel display (FPD) equipment. Through its worldwide network, GES provides a host of flexible financing and leasing solutions, product insights and market intelligence, as well as efficient remarketing services that reduce customer risk and increase their return on investment. For more information, visit www.geelectronicsweb.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $232 billion and is headquartered in Stamford, Connecticut.
About General Electric
GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at ge.com.
About STATS ChipPAC Ltd.
STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company" -- NNM: STTS and SGX-ST: STATSChP) is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions. A trusted partner and supplier to leading semiconductor companies worldwide, STATS ChipPAC provides fully integrated, multi-site, end-to-end packaging and testing solutions that bring products to the market faster. Our customers are some of the largest wafer foundries, integrated device manufacturers (IDMs) and fabless companies in the United States, Europe and Asia. STATS ChipPAC is a leader in mixed signal testing and advanced packaging technology for semiconductors used in diverse end market applications including communications, power, digital consumer and computing. With advanced process technology capabilities and a global manufacturing presence spanning Singapore, South Korea, China, Malaysia and Taiwan, STATS ChipPAC has a reputation for providing dependable, high quality test and packaging solutions. The Company's customer support offices are centered in the United States (California's Silicon Valley, Arizona, Texas, Massachusetts, Colorado and North Carolina). Our offices outside the United States are located in South Korea, Singapore, China, Malaysia, Taiwan, Japan, the Netherlands and United Kingdom. STATS ChipPAC's facilities include those of its subsidiary, Winstek Semiconductor Corporation, in Hsinchu District, Taiwan. These facilities offer new product introduction support, pre-production wafer sort, final test, packaging and other high volume preparatory services. Together with our research and development centers in South Korea, Singapore, Malaysia, China, Taiwan and the United States as well as test facilities in the United States, this forms a global network providing dedicated test engineering development and product engineering support for customers from design to volume production. STATS ChipPAC is listed on both the Nasdaq Stock Market and the Singapore Exchange Securities Trading Limited. In addition, STATS ChipPAC is also included in the Morgan Stanley Capital International (MSCI) Index and the Straits Times Industrial Index. Further information is available at www.statschippac.com. Information contained in this website does not constitute a part of this release.
11.10.2006 15:11
Rambus vorbörslich 8% im Plus
Die Aktien des US-Chipherstellers Rambus (Nachrichten) steigen vorbörslich um über 8% an, nachdem das Unternehmen den japanischen Konsumelektronikhersteller Toshiba als Kunden gewinnen konnte. Toshiba werde nach Angaben der am Mittwoch veröffentlichten Pressemitteilung Steuereinheiten von Rambus in zukünftigen Consumer-, Computing- und Kommunikations-Geräten verwenden. Über finanzielle Details wurde Stillschweigen vereinbart. Die Rambus-Aktie steigt vorbörslich um 8,04% auf 18,68 Dollar.
Shaw Announces Completion of JPY 128.98 Billion Limited-Recourse Bonds Offering
BATON ROUGE, La., Oct 13, 2006 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE: SGR) announced today that its wholly-owned subsidiary, Nuclear Energy Holdings, L.L.C. (NEH), has successfully completed the previously announced private offering of yen-denominated JPY 128.98 billion face amount of limited-recourse bonds. Net proceeds from the offering plus approximately $30 million in cash have been used by NEH to acquire 20% of the Westinghouse Acquisition Companies. As previously disclosed, the Westinghouse Acquisition Companies' acquisition of Westinghouse Electric Company is expected to occur later this month.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The securities to be offered will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
The Shaw Group Inc. is a leading global provider of engineering, procurement, construction, technology, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana, with over $4 billion in annual revenues, Shaw employs approximately 22,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit Shaw's website at www.shawgrp.com.
Isolagen and FDA Reach Agreement on Phase III Protocol Design Company to Commence Pivotal Phase III Trials of Isolagen(TM) Therapy for the Treatment of Wrinkles
EXTON, Pa., Oct 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- Isolagen, Inc. (Amex: ILE) announced today that the Company has reached an agreement with the Food and Drug Administration (FDA) on the design of its Phase III pivotal study protocol for the use of Isolagen(TM) Therapy for the treatment of wrinkles.
The protocol was submitted to the FDA under the agency's Special Protocol Assessment (SPA) regulations. The SPA process allows for FDA evaluation of a clinical trial protocol that will form the basis of an efficacy claim for a marketing application, and provides a binding agreement that the study design -- including patient numbers, clinical endpoints, and analyses -- are acceptable to the FDA.
"We are very pleased that the FDA has completed the SPA review process and agreed with our protocol design," said Nicholas L. Teti, Isolagen Chairman and Chief Executive Officer. "We are eager to begin the Isolagen Therapy registration trials for the treatment of wrinkles and plan to begin enrolling patients as soon as possible. This is a key milestone for the Company. I applaud our clinical and regulatory team for this achievement."
The randomized, double-blind, pivotal Phase III trials will evaluate the efficacy and safety of Isolagen(TM) Therapy (IT) against placebo for the treatment of nasolabial skin fold wrinkles. Each trial will include 200 patients.
ABOUT ISOLAGEN, INC.
Isolagen specializes in the development and commercialization of autologous cellular therapies for soft and hard tissue regeneration. The company's product candidates are based on its proprietary Isolagen Process. Autologous cellular therapy is the process whereby a patient's own cells are extracted, allowed to multiply and then injected into the patient. Isolagen's product candidates are designed to be minimally invasive and non-surgical. For additional information, please visit: http://www.isolagen.com.
13.10.2006 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.
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Herley Industries, Inc.
13.10.06 19:44 Uhr
15,06 USD
+20,29 % [+2,54]
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e
NASDAQ
Aktuell
15,06 USD
Zeit
13.10.06 19:44
Diff. Vortag
+20,29 %
Tages-Vol.
13,01 Mio.
Gehandelte Stück
1 Mio
bellwetherreport.com: Bellwether Report.com Announces an Alert for Herley Industries Inc.
Oct 13, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of Herley Industries Inc. (Nasdaq: HRLY)
Herley Industries makes microwave products for aerospace, defense, and commercial customers. Defense and aerospace offerings include flight instruments such as transponders and flight telemetry systems, navigation system components, missile guidance systems, unmanned vehicle command-and-control systems, and flight-termination receivers (used to trigger explosives to destroy a craft if something goes wrong). The company sells its products to US and overseas military organizations and defense contractors. Herley's commercial products include amplifiers for nuclear magnetic resonance systems (used by researchers and scientists) and amplifiers and components used in medical magnetic resonance imaging (MRI) systems.
Shares were up 19% after announcing co-founder of the company has left.
Herley Industries, Inc. announced today that Lee N. Blatt, a co-founder of the company, has left the company after 41 years of service. Herman Kagan and Lee Blatt founded Herley in 1965. Mr. Kagan retired in 1992.
Myron Levy, Herley Chairman and CEO, remarked, "With both founders now gone, Herley will turn to the experienced team that we have assembled to manage the Company today and in the future. Mr. Blatt has served this Company well, and leaves with the best wishes of all of its employees. Since 1988, when I joined Herley, I have worked with Mr. Blatt to build Herley from a small microwave component company into one of the premier microwave technology companies in the world, employing approximately 1,000 people, and supplying some of the most critical technologies for both military and medical uses." Mr. Levy continued, "On behalf of the Board of Directors, I want to express our appreciation to Mr. Blatt for his long-time contribution to the strategic business plans that have helped Herley to grow into the important and progressive company that it is today." Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has eight manufacturing locations and more than 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com
Herley Soars on Department of Defense Pact, Suspension on New Deals Lifted
Boston, Oct 13, 2006 (MidnightTrader via COMTEX) -- Herley (HRLY) says it has reached an Administrative Agreement with The OGC Acquisition Integrity Office, Department of Navy so the suspension preventing new contract awards at manufacturing locations in Lancaster, Pennsylvania, Woburn, Massachusetts, and Farmingdale, New York since June 8, has been lifted. HRLY can resume its normal business dealings with both its DOD and prime contractor customers.
LightPath Technologies, Inc.
13.10.06 19:56 Uhr
5,692 USD
+49,75 % [+1,891]
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Börse
NASDAQ
Aktuell
5,692 USD
Zeit
13.10.06 19:56
Diff. Vortag
+49,75 %
Tages-Vol.
14,06 Mio.
Gehandelte Stück
2,4 Mio
bellwetherreport.com: Bellwether Report.com Acknowledges LightPath Technologies Inc.
Oct 13, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of LightPath Technologies Inc. (Nasdaq: LPTH)
LightPath Technologies is lighting the optical networking way for telecommunications customers. The company, which has traditionally used its patented GRADIUM glass to make distortion-reducing lenses for inspection equipment, is developing new applications for its technologies in the optoelectronics and fiber-optic communications fields. Its optoelectronics products include collimators (optical network components) and optical isolators (filters that prevent light waves from reflecting backwards). LightPath serves such customers as Intel (10% of sales), Agere Systems, and Corning. The company targets markets in aerospace, communications, health care, instrumentation, and the military.
Shares were up 48% after expecting over 60% sales jump.
LightPath Technologies Inc. projects sales of $4.4 million for the first quarter of fiscal 2007 that ended Sept. 30, up 62 percent from $2.7 million in the year-ago period.
During the current quarter, the company's delinquent backlog from prior quarters decreased by about $500,000
SITEL CP
13.10.06 20:20 Uhr
3,90 USD
+10,80 % [+0,38]
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Börse
NYSE
Aktuell
3,90 USD
Zeit
13.10.06 20:20
Diff. Vortag
+10,80 %
Tages-Vol.
44,45 Mio.
Gehandelte Stück
12 Mio
bellwetherreport.com: Bellwether Report.com is Keeping a Close Watch on SITEL Corp.
Oct 13, 2006 (M2 PRESSWIRE via COMTEX) -- Bellwether Report Takes Notice of SITEL Corp. (NYSE:SWW)
SITEL is the #3 teleservices provider in the US (behind Convergys and TeleTech), offering inbound call handling for customer service requests, technical support, and order taking. SITEL also offers outbound telemarketing, database and list-building services, and direct response marketing. In addition to calling services, it provides outsourcing services covering a number of business functions, including order processing and payroll management. The company also offers debt collection services. SITEL has more than 85 contact centers in about two dozen countries and boasts some 250 corporate clients.
Shares are up 11% since agreeing to be acquired.
NEU!!!
EHEALTH INC
13.10.06 20:45 Uhr
23,00 USD
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Börse
NASDAQ
Aktuell
23,00 USD
Zeit
13.10.06 20:45
Diff. Vortag
+0,00 %
Tages-Vol.
118,53 Mio.
Gehandelte Stück
5,2 Mio
ACME PACKET INC
13.10.06 20:49 Uhr
14,99 USD
+0,00 % [+0,00]
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örse
NASDAQ
Aktuell
14,99 USD
Zeit
13.10.06 20:49
Diff. Vortag
+0,00 %
Tages-Vol.
120,14 Mio.
Gehandelte Stück
8,2 Mio.
Saifun Semiconductors Ltd.
13.10.06 20:57 Uhr
21,18 USD
-27,17 % [-7,90]
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se
NASDAQ
Aktuell
21,18 USD
Zeit
13.10.06 20:57
Diff. Vortag
-27,17 %
Tages-Vol.
51,75 Mio.
Gehandelte Stück
3,1 Mio.
Saifun Semiconductors Announces Reduction in NROM Activity by Qimonda AG
NETANYA, Israel, October 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- Saifun Semiconductors Ltd. (NASDAQ: SFUN), a provider of intellectual property solutions for the non-volatile memory (NVM) market, announced today that Qimonda AG, a majority-owned subsidiary of Infineon Technologies AG, has informed Saifun of its decision to ramp down current NROM-related activity. Qimonda, which has been a significant customer of Saifun's IP and design services, will continue to license NROM technology on a limited basis, under an amended license agreement. As a result of this change, Saifun does not expect to receive from Qimonda any license fees or services fees, and only limited royalties, after the fourth quarter of 2006. While this development will not impact Saifun's results for the third quarter of 2006, the Company does expect it to impact its results beginning in the fourth quarter of 2006.
About Saifun Semiconductors Ltd.
Saifun is a provider of intellectual property (IP) solutions for the non-volatile memory (NVM) market. The company's innovative Saifun NROM(R) technology allows semiconductor manufacturers to deliver high performance, reliable products at a lower cost per megabit, with greater storage capacity, using a single process for all NVM applications. Saifun licenses its IP to semiconductor manufacturers who use this technology to develop and manufacture a variety of stand-alone and embedded NVM products. These include Flash memory for the telecommunications, consumer electronic, networking and automotive markets. Among the companies currently licensing Saifun NROM technology are Qimonda AG, Macronix International, NEC Electronics Corporation, Semiconductor Manufacturing International Corporation, Sony Corporation, Spansion, and Tower Semiconductor.
17.10.2006 14:26
Johnson & Johnson übertrifft Umsatz- und Ergebnisprognosen im 3. Quartal
Der amerikanische Konsum- und Pharmakonzern Johnson & Johnson (J&J) <JNJ.NYS> <JNJ.FSE> (Nachrichten/Aktienkurs) hat im dritten Quartal Umsatz und Ergebnis stärker als erwartet gesteigert. Wie das Unternehmen am Dienstag in New Brunswick mitteilte, hat sich das Ergebnis je Aktie um 10,5 Prozent auf 0,94 US-Dollar erhöht. Analysten hatten im Schnitt mit einem Gewinn von 0,93 Dollar je Aktie gerechnet. Vor Sonderposten belief sich das Ergebnis auf 0,98 Dollar je Aktie. Der Umsatz habe um 7,9 Prozent auf 13,287 Milliarden Dollar zugelegt, während Experten von Erlösen in Höhe von 13,080 Milliarden Dollar ausgegangen waren./FX/edh/mw
ISIN US4781601046
California Leads Nation in Hybrid Ownership; Travelers to Offer 10 Percent Discount on Hybrid Car Insurance Los Angeles Freeways See More Hybrids than Any U.S. City; San Francisco a Close Second
HARTFORD, Conn., Oct 17, 2006 (BUSINESS WIRE) -- On the heels of the recently
signed legislation by Gov. Arnold Schwarzenegger that promises to reduce
California's greenhouse emissions by 25 percent by the year 2020, Travelers
announced today a solution to help support that goal. California hybrid owners
can now take advantage of a 10 percent discount(a) on auto insurance offered by
Travelers."The new legislation aimed at reducing greenhouse emissions shows California is
taking noticeable measures to improve the environment," said Peter Betts,
Travelers regional vice president for California. "We hope our discount offer
for hybrid owners will help support an eco-friendly action plan for California
and its residents."Commonly known as an eco-conscious state, Californians registered 52,619 new
hybrid vehicles in 2005. At a distant second, Florida registered 10,470 hybrids,
followed by Texas, New York and Virginia. Los Angeles tops the list of
hybrid-driving cities with 22,922 new hybrid cars registered, followed by San
Francisco with 15,828. New York, Washington D.C. and Boston complete the top
five.(1)"California has long been a trendsetting state whose example the rest of the
nation often follows, and Californians have embraced the hybrid car in a big
way," said Greg Toczydlowski, senior vice president of product management for
Travelers. "We salute this spirit of forward-looking innovation and will
continue to develop products and services that evolve to fit the changing needs
of our California customers."At www.hybridtravelers.com visitors can review up-to-date information on federal
and state tax benefits for hybrid drivers and enjoy other community incentives,
such as discounted or free parking, and can share their stories as "hybrid
travelers." For fun, the site features the Early Adopt-o-meter, which ranks
visitors' penchants for embracing new technologies. Visitors can also access an
agent locator and obtain policy information.Earlier this year, Travelers became the first auto insurance company to offer a
discount to hybrid drivers on a national level and has been steadily rolling out
the discount state by state. The company has recently made the discount
available in New York, Maryland, Florida, Washington and Texas, bringing the
total number of states in which the discount is offered to 42 plus the District
of Columbia.The discount for hybrid drivers is the latest in a long series of firsts for the
company that wrote the first automobile insurance policy in 1897. Other firsts
include the first policy covering electronic data processing liability in 1961,
the first policy to protect individuals using personal computers for online
banking in 1997, and the first insurance company to offer consumers protection
against identity fraud in 1999.About TravelersTravelers understands that life and business are inherently dynamic and that the
best way to serve agents and policyholders is to deliver insurance that evolves
to stay in-synch with life and business as they change. For more information on
being in-synch, visit www.travelers.com.Travelers is a business of The St. Paul Travelers Companies, Inc. (NYSE:STA), a
leading property casualty insurer selling primarily through independent agents
and brokers. The company's diverse business lines offer its global customers a
wide range of coverage in both the personal and commercial settings, including
automobile, homeowners, construction, small business, oil and gas, ocean marine,
financial and professional services, global technology and public sector
services. St. Paul Travelers is ranked 85 in the Fortune 500, with 2005 revenues
of $24.4 billion and total assets of $113.2 billion. The company has
approximately 32,000 employees.(a)A discount of up to 10% applies only to certain coverages. The discount may
not be available in all states and is subject to individual eligibility.(1) R. L. Polk & Co., 2006SOURCE: Travelers
CONTACT: Travelers
Media contact:
Jennifer Wislocki, 860-277-7458
Wal-Mart expandiert nach China
Der Kunde ist König nirgends weiß man das so sehr wie bei Wal-Mart. Der weltgrößte Einzelhändler konnte in Deutschland nicht punkten, und auch in Südkorea traf man den Geschmack der Käufer nicht. Jetzt geht der Konzern in eine neue Expansionsrunde, und zwar nach China. Eine Übernahme ermöglicht einen Traum-Start.
Der Kunde ist König nirgends weiß man das so sehr wie bei Wal-Mart. Der weltgrößte Einzelhändler konnte in Deutschland nicht punkten, und auch in Südkorea traf man den Geschmack der Käufer nicht. Jetzt geht der Konzern in eine neue Expansionsrunde, und zwar nach China. Eine Übernahme ermöglicht einen Traum-Start.
So gibt Wal-Mart 1 Milliarde Dollar aus für die Supermarktkette Trust-Mart, und mit dieser Akquisition setzt man sich unter den nicht-chinesischen Anbietern bereits an die Branchenspitze. Bereits geschlagen ist der französische Konkurrent Carrefour, der ebenfalls um Trust-Mart geboten hat.
Die Zahlen hinter der Übernahme, wohlgemerkt, nehmen sich im Vergleich zur Größe Chinas etwas klein aus. 30 Läden bekommt Wal-Mart zunächst für sein Geld, weitere hundert sollen in den nächsten Jahren zugekauft werden. Diese sollen nach und nach in das bestehende Netz von Wal-Mart-Filialen eingefügt werden, dass zur Zeit aus 66 Läden besteht, darunter 61 Hyper-Center, in denen neben einer Vielzahl von Waren auch Lebensmittel angeboten werden.
Die Strategie ist typisch für Wal-Mart: Man stürzt sich nicht Hals über Kopf in einen neuen Markt, sondern kauft Schritt für Schritt nach. Das könnte vor allem im chinesischen Markt wichtig sein, denn der bietet neue Herausforderungen für die international erfolgreiche Kette aus Arkansas. So herrschen im chinesischen Einzelhandel in Städten und Provinzen bereits allerorten so knappe Gewinnmargen, dass Wal-Mart die Konkurrenz nicht allein durch gedrückte Preise ausbooten kann, wie man das auf dem heimischen US-Markt immer mehr schafft.
Auch dürfte es für Wal-Mart schwer sein, nach den Trans-Mart-Läden unbeschränkt weitere Filialen zu eröffnen, denn amerikanische Investoren haben es bekanntlich im Reich der Mitte nicht so einfach wie andersherum chinesische Investoren in den USA. Anleger wissen das, und sie sind nach Bekanntwerden des Milliarden-Deals entsprechend vorsichtig: Wal-Mart verliert im Dienstagshandel mehr als 1 Prozent.
Lars Halter
Canada: Genzyme to Acquire Anormed
By BLOOMBERG NEWS
Published: October 18, 2006
Genzyme, the biotechnology company, agreed to buy AnorMed for $580 million to add an experimental therapy, Mozobil, for patients with blood cancer, ending a bidding contest with Millennium Pharmaceuticals. Genzyme raised its offer for Vancouver-based AnorMed last week to $13.50 a share, topping Millenniums $12 bid. Millennium said yesterday that it would not raise its price and was now entitled to receive a $19.5 million termination fee from AnorMed. Acquiring AnorMed will help Genzyme expand its product line outside its core treatments for rare genetic diseases. Genzyme, based in Cambridge, Mass., is the worlds biggest maker of enzyme replacement treatments for hereditary disorders.
France: Profit Rises at Luxury Goods Group
By THE ASSOCIATED PRESS
Published: October 18, 2006
The French luxury group LVMH Moët Hennessy Louis Vuitton posted an 11 percent increase in nine-month revenue, but shares fell on slower-than-expected growth in sales of leather goods, wines and spirits. LVMH, owner of some of the worlds best-known champagnes, perfumes and fashion labels, said its revenue rose to 10.6 billion euros ($13.3 billion) in the first nine months of this year from 9.6 billion euros a year earlier. The figures were broadly in line with market expectations, but analysts expressed disappointment with the third-quarter performance in wines and spirits and leather goods. Revenue rose 13 percent for wine and spirits and 10 percent for the fashion and leather goods division. Stock in the company, which is based in Paris, fell 2 percent.
Accentia Biopharmaceuticals, Inc.
19.10.06 21:16 Uhr
4,60 USD
+59,72 % [+1,72]
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Börse
NASDAQ
Aktuell
4,60 USD
Zeit
19.10.06 21:16
Diff. Vortag
+59,72 %
Tages-Vol.
21,15 Mio.
Gehandelte Stück
4,6 Mio.
New Landmark Study Shows the Use of a BiovaxID Formulation Improves Disease Free survival in 80% of Patients Whose Cancer has Relapsed after Chemotherapy Administered With or Without Rituxan
TAMPA, Fla., Oct 19, 2006 (BUSINESS WIRE) -- Accentia Biopharmaceuticals Inc.
(NASDAQ: ABPI) reports that a new study by Dr Susana Inoges and colleagues at
the University of Navarra (Journal of the National Cancer Institute,
98:1292-1301, Sept 20, 2006) has shown that the administration of a BiovaxID(TM)
formulation given to patients with relapsed Follicular Non-Hodgkins Lymphoma
following chemotherapy, with or without concomitant Rituxan(TM)(1), can induce
complete long-lasting remissions. Moreover, these second remissions are uniquely
characterized by a duration that exceeds the duration of the first remission (P
less than .0001). In the study, 80% of patients achieved an immune response to
the Biovaxid formulation, and among these responders, the median time of
complete tumor remission has not been reached after 33 months of mean follow-up.In an accompanying editorial, Idiotype vaccination in follicular lymphoma:
knocking on the doorway to a cure, Dr. Dan Longo, National Institutes of Health,
characterized the results as "remarkable". "Among the 20 immunologic responders,
the median duration of the second complete response has not been reached after
nearly 3 years of follow-up (durations range from 20+ to 51+ months) and in
every case, the second remissions have been longer than the initial remissions,"
commented Dr. Dan Longo. "By contrast, all five immunologic non-responders have
relapsed, and in every case their second remission was shorter than their first.
Long second remissions do not occur at this rate, even after high-dose therapy
and autologous hematopoietic stem cell transplant" (Journal of the National
Cancer Institute, 98:1263-1265, Sept 20 , 2006).(1) Rituxan is a registered trademark of Biogen Idec.About Accentia Biopharmaceuticals, Inc.Accentia Biopharmaceuticals, Inc. is a biopharmaceutical company focused on the
development and commercialization of late-stage clinical products in the
therapeutic areas of respiratory disease and oncology. Two of these products are
SinuNase(TM) and BiovaxID(TM). The Company's SinuNase product, in development to
treat chronic sinusitis (rhinosinusitis), is a novel application and formulation
of a known anti-fungal licensed from the Mayo Foundation for Medical Education
and Research. BiovaxID is a patient-specific anti-cancer vaccine focusing on the
treatment of follicular non-Hodgkin's lymphoma. BiovaxID, which is being
developed by Accentia's subsidiary Biovest International, Inc., is currently in
a Phase 3 clinical trial. In addition, Accentia's growing specialty
pharmaceutical business, TEAMM Pharmaceuticals, has a portfolio of currently
marketed products plus a pipeline of additional products under development by
third parties. For further information, please visit our web site:
www.accentia.net.
JAKKS Pacific, Inc.
19.10.06 21:38 Uhr
22,16 USD
+21,76 % [+3,96]
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www.MarketGainer.com: Reports Coverage on JAKKS Pacific Inc.
Oct 19, 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. Today's activity on the Nasdaq exchange has brought JAKKS
Pacific Inc. (NASDAQ: JAKK) to the attention of our research team Our goal is to
create a community of international investors who consistently and effectively
capitalize on the enormous gains the small-cap Canadian and American exchanges
offer.JAKKS Pacific, Inc. (NASDAQ: JAKK - News), a leading multi-brand company that
designs and markets a broad range of toys, writing instruments and other
consumer products, today announced results for the third quarter and nine months
ended September 30, 2006.Third quarter 2006 net sales were $295.8 million, compared to $233.5 million
recorded in the comparable period last year. Net income for the third quarter
was $40.5 million, or $1.26 per diluted share, compared to $32.8 million, or
$1.05 per diluted share, reported in the third quarter of 2005. Included in the
results were non-cash charges for stock-based compensation of $1.1 million and
acquisition-related amortization of $3.3 million in the third quarter of 2006,
compared to a credit of $0.6 million and charge of $1.8 million, respectively,
in the third quarter of 2005. Pro forma net income excluding these non-cash
charges was $43.6 million, or $1.35 per diluted share, in 2006 and $33.5
million, or $1.07 per diluted share, in 2005.Net sales for the nine months ended September 30, 2006 were $527.1 million,
compared to $495.3 million during the same period in 2005. Net income for the
first nine months of 2006 was $49.2 million, or $1.57 per diluted share,
compared to the first nine months 2005 earnings of $54.5 million, or $1.77 per
diluted share. Included in the results were non-cash charges for stock-based
compensation of $4.8 million and acquisition-related amortization of $10.4
million in the first nine months of 2006, compared to a credit of $0.8 million
and charge of $5.3 million, respectively, in the first nine months of 2005. Pro
forma net income excluding these non-cash charges was $59.8 million, or $1.90
per diluted share, in 2006 and $57.7 million, or $1.87 per diluted share, in
2006."The holiday season is officially underway," said Jack Friedman, Chairman and
Chief Executive Officer, JAKKS Pacific. "With strong initial orders for the
holidays, we achieved record third quarter sales and have positive momentum
heading into the fourth quarter. Many of our core traditional toys continue to
be solid contributors, including our Doodle Bear line, WWE action figures,
Cabbage Patch Kids and TV Games lines. In addition, we benefited from the
significant contribution from our Creative Designs International(TM) division,
which is new for us in 2006."Stephen Berman, President and Chief Operating Officer, stated, "We remain
focused on traditional play patterns and basic fun in the toy area, adding
innovation and appropriate licenses, and continuously enhancing our diverse
portfolio of products. Our Fly Wheels XPV(TM) (Xtreme Performance Vehicle(TM)),
which soars up over 20 stories high, Ariel(TM) Magical Beauty Salon and Speed
Stacks StackPack products appeal to even the most sophisticated of today's kids,
who, we believe, love vehicles, pretend play and active sports that stimulate
their minds and increase their activity levels."We are well into the final development stages of our 2007 product lines, which
will feature many well-known and established licensed brands, such as Doodle
Bear , WWE, Cabbage Patch Kids, Dora the Explorer, Deal or No Deal, Barney and
Jelly Belly."We continue to strive to grow both organically and through acquisitions, while
simultaneously maximize synergies in meaningful ways throughout our
organization. We leverage our strong licensing relationships and channel product
categories to our various teams based on expertise, which enables JAKKS to
develop multi-category merchandised lines across brands. This has been a key
benefit of our acquired portfolio of brands over the past 11 years and several
of our 2007 introductions, such as Pokemon , Bratz and multiple Disney
initiatives, will involve numerous JAKKS divisions, including CDI, Play Along,
JPI Pets, Flying Colors, JAKKS Electronics and Go Fly A Kite, working together."We are showcasing our 2007 product line-up this week at the Fall International
Toy Show in New York, and we are confident in our established product formula
and that our new offerings will be well-received by both retailers and today's
kids."At September 30, 2006, JAKKS Pacific had approximately $133.0 million in cash
and cash equivalents and $284.0 million in working capital.The Company is reiterating its 2006 guidance of net sales of approximately $775
million and fully diluted earnings per share of approximately $2.32, which
represents an increase in net sales of approximately 17.2% and an increase in
diluted earnings per share of approximately 12.7% for the current fiscal year
versus 2005.Conference CallJAKKS Pacific is hosting a teleconference today at 6:00 a.m. PDT (9:00 a.m. EDT)
on October 19th, via the Internet at www.jakkspacific.com,
www.CompanyBoardroom.com or www.StreetEvents.com. These websites will host an
archive of the teleconference for 30 days.You can also listen to the call live via the Internet at www.jakkspacific.com,
www.CompanyBoardroom.com or www.StreetEvents.com, where the call will be
archived for 30 days. A telephone playback will be available from 7:00 a.m.
Pacific on October 19th through 12:00 a.m. Pacific on November 2nd. The playback
can be accessed by calling 888-266-2081 or 703-925-2533 for international
callers, passcode "984333".About JAKKS Pacific, Inc.JAKKS Pacific, Inc. is a multi-brand company that designs and markets a broad
range of toys and consumer products. The product categories include: Action
Figures, Art Activity Kits, Stationery, Writing Instruments, Performance Kites,
Water Toys, Sports Activity Toys, Vehicles, Infant/Pre-School, Plush,
Construction Toys, Electronics, Dolls, Dress-Up, Role Play, and Pet Toys and
Accessories. The products are sold under various brand names, including JAKKS
Pacific , Play Along , Flying Colors , Creative Designs International(TM) Road
Champs , Child Guidance , Pentech , Trendmasters , Toymax , Funnoodle , Go Fly a
Kite , Color Workshop , JPI(TM) and Plug It In & Play TV Games(TM). JAKKS and
THQ Inc. participate in a joint venture that has worldwide rights to publish and
market World Wrestling Entertainment video games. For further information, visit
www.jakkspacific.com.
ADV MICRO DEVICES
19.10.06 22:03 Uhr
21,01 USD
-13,29 % [-3,22]
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Börse
NYSE
Aktuell
21,01 USD
Zeit
19.10.06 22:03
Diff. Vortag
-13,29 %
Tages-Vol.
1,99 Mrd.
Gehandelte Stück
96 Mio.
AMD's Acquisition of ATI Gets Ontario Superior Court Approval
New York, NY, Oct 19, 2006 (M2 PRESSWIRE via COMTEX) -- Advanced Micro Devices
and ATI Technologies announced that the Ontario Superior Court of Justice has
issued the final order approving the arrangement under which all of ATI's
outstanding common shares will be acquired by an indirect wholly owned
subsidiary of AMD.The proposed acquisition, announced on July 24, is expected to be completed
during the week of October 23, subject to satisfaction or waiver of customary
closing conditions.Advanced Micro Devices is a global provider of innovative microprocessor
solutions for computing, communications and consumer electronics markets.ATI Technologies designs and manufactures 3D graphics, PC platform technologies
and digital media silicon solutions.
bellwetherreport.com: Bellwether Report.com is Doing Due Diligence on Spansion Inc
Oct 19, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of
Spansion Inc (Nasdaq: SPSN)Advanced Micro Devices and Fujitsu to make and market flash memory devices. The
two chip heavyweights created the company in 2003 as an outgrowth of their
decade-long collaboration in non-volatile memory. Flash memory is used in a wide
variety of electronic devices, including wireless phones, networking equipment,
and automotive subsystems. Spansion also provides hardware development tools and
production manufacturing support. The company's products are marketed through
AMD and Fujitsu sales offices. AMD owns nearly 38% of Spansion. Fujitsu holds
shares equal to a 25% stake in the company.Shares were down 4% after third quarter loss.Shares of Spansion Inc. fell as much as 8% early Thursday after the memory-chip
maker reported a wider-than-expected third-quarter loss due in part to
manufacturing problems that caused its chip-production efficiency to fall.The company, formerly a unit of Advanced Micro Devices Inc., also said order
lead times have decreased to a range of 6 to 8 weeks, down from 12 to 16 weeks,
causing some analysts to believe.....
Wall Street News Alert: AGGI Is Friday's Stock to Watch! October 20, 2006 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Oct 20, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's
"stocks to watch" this morning are:
Allied Energy Group, Inc. (PINKSHEETS:AGGI),
Fairchild Semiconductor (NYSE: FCS),
Transocean Inc. (NYSE: RIG) and
Southwestern Energy Company (NYSE: SWN).
As the company continues to announce successful drilling operations, Allied
Energy Group, Inc. (PINKSHEETS: AGGI) may once again be a target of aggressive
investors and day traders this morning! Yesterday after the stock markets
closed, the company issued a press release announcing that, partnered with the
Young Oil Corporation, the Company has successfully drilled and discovered gas
in all three of its wells located in Knox County, Kentucky.News of this most recent success may excite investors! "The Don Sullivan #8,
Clarence Bright #2, and Dale Greer #1 were successfully drilled and are now
scheduled to be completed for the production of natural gas," said Scott Harris,
Allied's Sr. Vice President of Business Development. "Although there can be no
assurances we expect all three wells to go into production in the next 45 days.""An estimated 60 feet of reported reservoir for the Big Lime formation in the
Don Sullivan #8 is encouraging," said Steve Stengell, Sr. Vice President of
Operations for the Company. "We believe that after the stimulation treatment and
completion of these wells we can expect a stable long-term addition to the
company's oil and gas income stream."Wall Street News Alert is placing Aggressive Investors on alert to monitor the
progress of Allied Energy Group! Earlier this week on Wednesday, the company
also issued a press release announcing an update regarding its five-well coalbed
methane project located in Rogers County, Oklahoma.According to this press release, the second well (Schmidt #4) was successfully
drilled to a measured total depth of 1,220 +/- vertical feet and apparently
encountered an estimated 9-16 total feet of potentially productive interval
"natural gas pay-zone" in the Croweberg, Rowe, and Mulkey coal seam formations."
the stock closed yesterday at Sixty cents a
share.
In case you are not familiar with the company: Allied Energy Group, Inc is an
independent energy development firm primarily engaged in the exploration,
development, and production of oil and natural gas in the continental United
States. The company employs geologists, petroleum engineers, seismic
specialists, and financial analysts whose combined industry experience is
essential to the success of each project. Allied Energy Group's strategic focus
is the development of oil and natural gas reserves. As the fuel of choice to
meet the growing demand for a clean-burning domestically produced fuel, the
company firmly believes its natural gas exploration strategy should provide
substantial growth to the company for the years to come.
Fairchild Semiconductor (NYSE: FCS) down 9% on 10 million shares traded.
Fairchild Semiconductor is one of the leading global suppliers of
high-performance power products.
Transocean Inc. (NYSE: RIG) up 3% on 7.1 million shares traded. Transocean Inc.
is one of the largest offshore drilling contractors with a fleet of 83 mobile
offshore drilling units.
Southwestern Energy Company (NYSE: SWN) up 6.6% on 5.3 million shares traded.
Southwestern Energy Company is primarily focused on natural gas and engaged in
the exploration and production of natural gas and crude oil, natural gas
gathering, marketing and distribution.
Market Commentary:"The economy is still slowing according to a report released by the Conference
Board. The index rose only 0.1% in September, economist had predicted 0.3%; the
index has dropped 5 of the last 8 months, down by 0.9% in the past 6 months. The
5 leading indicators that fell in September were: building permits, factory
working hours, delivery times, interest-rate spread, and new orders for consumer
goods. The 5 that rose were: consumer expectations, money supply, stock prices,
jobless claims, and core capital equipment orders," stated Sonja Rudd
20.10.2006 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 (absteigend sortiert).
http://img.godmode-trader.de/charts/46/2005/Orderflow79.gif
SiRF Technology Holdings, Inc.
20.10.06 15:40 Uhr
25,01 USD
+10,81 % [+2,44]
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Börse
NASDAQ
Aktuell
25,10 USD
Zeit
20.10.06 15:43
Diff. Vortag
+11,21 %
Tages-Vol.
44,68 Mio.
Gehandelte Stück
2,2 Mio.
SiRF Touching Fresh Pre-Market Highs
Boston, Oct 20, 2006 (MidnightTrader via COMTEX) -- SIRF is lately touching new
pre-market highs at the 25.15 level. The stock has been seeing a steady increase
in upside liquidity through the second-half of morning trade, boosting it from
24.53 to its latest top.
MidnightTrader's After-Hours Trading Range Analysis: SIRF
Boston, Oct 19, 2006 (MidnightTrader via COMTEX) -- SiRF Technology (SIRF):
Stock recorded an early session dip from the 23.10 level to its evening low of
22, but buyers were quick to respond with bullish volume that brought SIRF from
22.10 to its after-hours top of 24.33. It slimmed back the upside into the
mid-session and second-half but still held a strong positive range of 23.50 to
24.15. After-hours indications would suggest SIRF sees a pre-market open Friday
near 23.75 to 24. We like the consistent upside liquidity we recorded in SIRF
throughout tonight's session, and we would look for possible long entry points
between 23.50 and 23.75 - levels where there may be some semblance of an early
floor established tomorrow.
SanDisk Corporation
20.10.06 15:55 Uhr
50,00 USD
-19,00 % [-11,73]
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Börse
NASDAQ
Aktuell
50,00 USD
Zeit
20.10.06 15:55
Diff. Vortag
-19,00 %
Tages-Vol.
769,63 Mio.
Gehandelte Stück
20 Mio.
SNDK continues evening decline, downgraded at Citigroup.
SanDisk(R) Corporation (NASDAQ: SNDK) up 2.6% on 22.5 million shares traded SanDisk is the original inventor of flash storage cards and is the world's
largest supplier of flash data storage card products, using its patented,
high-density flash memory and controller technology.
20.10.2006 16:19
US Indizes - Eröffnung wird verkauft - Erste Tendenz
Nasdaq Composite: 2329,24 Punkte
Dow Jones: 11.969,31 Punkte
Die US Indizes haben den Handel heute uneinheitlich eröffnet und fallen zunächst zurück. Stützend wirken der Ölt-, der Computer- und der Finanzsektor, belastend hingegen Gold-, der Software- und der Biotechksektor.
Der Nasdaq Index setzt die laufende Zwischenkorrektur heute weiter fort. Unter 2318 - 2321 Punkten liegt das nächste Korrekturziel im Bereich bei 2300 Punkten. Über 2350 sollte hingegen ein weiterer Anlauf zum Jahreshoch bei 2375 Punkten erfolgen. Der Dow Jones springt heute zu Handelsbeginn nochmal ans neue AllTimeHigh bei 12.049 Punkten, prallt aber heftig nach unten hin ab. Aktuell erreicht er den steile Aufwärtstrend bei 11.945 Punkten, wo er zunächst leicht nach oben prallt. Fällt er unter 11.940 Punkte zurück, liegen die nächsten Abwärtsziele bei 11.880 und darunter bei 11.670 - 11.750 Punkten. Über 12.049 Punkten sollte es schnell bis 12.150 - 12.200 Punkte gehen.
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CATERPILLAR INC
20.10.06 16:28 Uhr
60,79 USD
-11,92 % [-8,23]
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Börse
NYSE
Aktuell
60,79 USD
Zeit
20.10.06 16:28
Diff. Vortag
-11,92 %
Tages-Vol.
966,50 Mio.
Gehandelte Stück
19 Mio
Caterpillar Steady at Pre-Market Lows as Opening Bell Approaches
Boston, Oct 20, 2006 (MidnightTrader via COMTEX) -- CAT is seeing some stronger
upside liquidity flow into the issue late in the pre-market, but it's thus far
done little to lift it out of its doldrums. CAT continues to hold steady near
its morning lows, trading between 62.70 and its bottom of 62.10.
23.10.2006 15:02
AT&T profitiert im 3Q von BellSouth und organischem Wachstum
SAN ANTONIO (Dow Jones)--Die AT&T Inc, (Nachrichten/Aktienkurs) San Antonio, hat im dritten Quartal ihren Nettogewinn um 47,4% auf 0,56 USD gesteigert und dabei von einer gestiegenen Kundennachfrage und der Fusion mit dem Wettbewerber BellSouth (Nachrichten) profitiert. Ohne Berücksichtigung der Fusionskosten habe das Ergebnis um 34% auf 0,63 USD je Aktie zugenommen, teilte der US-Telekomkonzern am Montag mit. Analysten hatten mit 0,58 USD je Aktie gerechnet.
Die Zahl der Abonnenten und damit der Umsatz hätten zugenommen. Im Bereich Mobilfunk habe AT&T auch ihre Marge gesteigert. Die Nachfrage der Firmenkunden entwickele sich viel versprechend. Insgesamt steigerte der Konzern seinen Umsatz auf 15,6 Mrd USD von den 10,3 Mrd USD vor der Fusion der beiden Telekomkonzerne. Der Nettogewinn kletterte dabei um 73,8% auf auf 2,2 Mrd USD.
Webseite: http://att.sbc.com/
DJG/jhe/abe
Connetics Corporation
23.10.06 15:45 Uhr
17,05 USD
+45,60 % [+5,34]
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Börse
NASDAQ
Aktuell
17,05 USD
Zeit
23.10.06 15:45
Diff. Vortag
+45,60 %
Tages-Vol.
16,97 Mio.
Gehandelte Stück
1,5 Mio.
Connetics Corporation to Merge into Stiefel Laboratories Strategic Combination to Create World's Premier Dermatology Company
CORAL GABLES, Fla., Oct 23, 2006 /PRNewswire via COMTEX/ -- Stiefel
Laboratories Inc., the world's largest independent pharmaceutical company
specializing in dermatology, today announced that it has signed a definitive
merger agreement pursuant to which Stiefel will purchase all the outstanding
shares of Connetics Corporation (Nasdaq: CNCT) for $17.50 per share This
transaction is valued at approximately $640 million. Upon the closing of the
transaction, Connetics Corporation will merge into a wholly owned subsidiary of
Stiefel. The transaction is subject to customary conditions including receipt of
regulatory approval and the approval of Connetics' stockholders. The transaction
is expected to close in late 2006 or early 2007.The combination unites Stiefel Laboratories' innovative skin care products and
commercial capabilities with Connetics' advanced therapies and topical delivery
technologies. This combined offering will result in one of the most robust
dermatology product lines in the industry and underscores Stiefel Laboratories'
commitment to the global advancement of dermatology. This merger also creates
one of the largest and most novel dermatology pipelines in the world, combining
technology, expertise and pharmaceutical experience to yield unprecedented
advancements in the treatment of skin diseases."The combination of Connetics and Stiefel Laboratories demonstrates our
continued commitment to be the global leader in dermatology," said Charles W.
Stiefel, Chairman and Chief Executive Officer of Stiefel Laboratories. "We are
very impressed with the innovative products, cutting-edge technology, and
talented workforce at Connetics. Our company will have an expansive product
portfolio and pipeline for major disease categories across the field of
dermatology."Thomas G. Wiggans, Chairman and Chief Executive Officer of Connetics, said, "The
combination of Stiefel and Connetics will create the world's premier dermatology
company with a strong global presence in both branded and generic markets,
dozens of marketed products and the most robust development pipeline in the
industry. After the combination, Stiefel Laboratories, Inc. will have more than
3,500 employees worldwide, with more than 30 subsidiaries and sales in more than
100 countries."Deutsche Bank Securities Inc. acted as exclusive financial advisor to Stiefel
Laboratories and will act as sole arranger on the related acquisition financing.Willkie Farr & Gallagher LLP acted as legal advisor to Stiefel Laboratories.Bain & Company and Deloitte & Touche LLP also advised Stiefel Laboratories in
connection with this transaction.About Stiefel Laboratories, Inc.Founded in 1847, Stiefel Laboratories (a privately held company) is the world's
largest independent pharmaceutical company specializing in dermatology. The
company manufactures and markets a variety of prescription and non-prescription
dermatological products. Some of the best known brands include PanOxyl(R),
Sarna(R), Zeosorb(R), Brevoxyl(R) Creamy Wash, Duac(R) Topical Gel, MimyX(TM)
Cream, and Rosac(R) Cream with Sunscreens. Its wholly- owned global network is
comprised of more than 30 subsidiaries, including manufacturing plants in six
countries, Research and Development facilities on three continents and products
marketed in 100 countries around the world.Stiefel Laboratories supplements its R&D efforts by aggressively seeking
acquisitions of dermatological product lines and companies around the world. To
learn more about Stiefel Laboratories, Inc., visit http://www.stiefel.com.About Connetics CorporationConnetics Corporation is a specialty pharmaceutical company focused on the
development and commercialization of innovative therapeutics for the dermatology
market. The Company's commercial products are OLUX(R) (clobetasol propionate)
Foam, 0.05%; Luxiq(R) (betamethasone valerate) Foam, 0.12%; Soriatane(R)
(acitretin) capsules; Evoclin(R) (clindamycin) Foam, 1%; and Verdeso(TM)
(desonide) Foam, 0.05%. Connetics is developing multiple products including
Primolux(TM) (clobetasol propionate) Foam, 0.05%, a super high- potency topical
steroid formulation to treat atopic dermatitis and plaque psoriasis; Extina(R)
(ketoconazole) Foam, 2%, to treat seborrheic dermatitis; and Velac(R) (a
combination of 1% clindamycin and 0.025% tretinoin) Gel, to treat acne.
Connetics' product formulations are designed to improve the management of
dermatological diseases and provide significant product differentiation. For
more information about Connetics and its products, please visit
http://www.connetics.com.SOURCE Stiefel Laboratories Inc.CONTACT: Erin Bacher of Ogilvy Public Relations Worldwide for Stiefel Laboratories Inc., +1-404-881-2324 (office), or +1-678-777-6378 (cell), erin.bacher@ogilvypr.comURL: http://www.stiefel.com http://www.connetics.com
VIVUS, Inc.
23.10.06 15:55 Uhr
4,06 USD
+13,73 % [+0,49]
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Börse
NASDAQ
Aktuell
4,04 USD
Zeit
23.10.06 15:55
Diff. Vortag
+13,17 %
Tages-Vol.
8,16 Mio.
Gehandelte Stück
3,9 Mio.
VIVUS' Qnexa Phase 2 Study Results Demonstrate Significant Weight Loss, Reduction in Waist Circumference and Positive Effect on Factors Contributing to Metabolic Syndrome Data Presented in Oral Presentation at the North American Association for the S
MOUNTAIN VIEW, Calif., Oct 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- VIVUS,
Inc. (Nasdaq: VVUS), a pharmaceutical company dedicated to the development and
commercialization of novel therapeutic products addressing obesity and sexual
health, today announced that Dr. Kishore Gadde, principal investigator in the
study and the Director of Obesity Clinical Trials at Duke University, presented
positive results from a Phase 2 clinical trial of Qnexa(TM) (formerly VI-0521),
an investigational oral treatment for obesity, at the North American Association
for the Study of Obesity (NAASO) 2006 Annual Scientific Meeting. The NAASO
Meeting is being held this week in Boston. When compared to those on placebo,
patients treated with Qnexa experienced a statistically significant average
weight loss and a reduction in waist circumference. Significant reductions were
also seen in lipid levels despite normal mean baseline values. The dropout rate
for the trial was 8% in the Qnexa arm, as compared to 38% for the placebo arm."Qnexa demonstrated significant weight loss and reduction in waist circumference
in this study, coupled with excellent tolerability and a positive impact on
certain factors pertaining to metabolic syndrome in obese patients," commented
Leland Wilson, president and chief executive officer of VIVUS. "This is the
first time the Qnexa Phase 2 data has been presented in a medical forum and
represents the beginning of our education process with practicing physicians on
the potential of Qnexa."Dr. Gadde's presentation, entitled A 24-week Randomized Controlled Trial of
VI-0521, a Combination Weight Loss Therapy, in Obese Adults, provided data on
average weight-loss, percent of weight loss from baseline, waist circumference
and the observed benefit of Qnexa with respect to certain risk factors
contributing to metabolic syndrome. Metabolic syndrome is a condition
characterized by multiple metabolic risk factors, including obesity as well as
elevated triglyceride levels, blood pressure and cholesterol. Dr. Gadde also
detailed the primary findings from this study, which have been previously
reported.Presentation HighlightsQnexa is a proprietary oral investigational pharmaceutical treatment for
obesity. The Phase 2 study was a double-blind, randomized, placebo-controlled
trial conducted at Duke University. This trial involved 200 subjects, 159 women
and 41 men with an average age of 40 and a mean body mass index (BMI) of 38.6.
(A BMI of > 30.0 is classified as obese per guidelines from the U.S. Department
of Health and Human Services.)Patients completing the twenty-four week treated period achieved a highly
significant average weight loss of 26.0 pounds, as compared to 7.0 pounds for
the placebo group (p < 0.0001). Using an intent-to-treat, last
observation-carried forward (ITT-LOCF) analysis, treatment with Qnexa had a
highly significant average weight loss of 25.1 pounds, compared to 4.8 pounds
for the placebo group (p < 0.0001).The study completion rate for patients on Qnexa over the 24-week treatment
period was 92%, as compared to 62% for patients in the placebo group.Additional Findings on Weight LossPatients completing the twenty-four week treatment period lost on average 11.1%
of baseline body weight, as compared to an average 2.8% in the placebo group.
The difference between the Qnexa arm and the placebo arm was highly significant
(p < 0.0001). Using an ITT-LOCF analysis, patients on Qnexa lost 10.7% of
baseline body weight, as compared to 2.1% for the placebo arm (p < 0.0001). The
primary efficacy endpoint for weight loss trials as required by the U.S. Food
and Drug Administration is demonstration of a mean placebo-subtracted 1 year
weight loss of greater than or equal to 5%. In Europe, The Committee for
Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMEA)
has recommended that demonstration of significant weight loss of at least 10% of
baseline weight is considered to be a valid primary endpoint for anti-obesity
drugs.Using an ITT-LOCF analysis, the percentage of patients achieving 5%, 10% and 15%
weight loss from baseline was 82% (p < 0.0001), 50% (p < 0.0001) and 20%
(p=0.0007), respectively, as compared to 14%, 8% and 0% for the placebo group.Findings for Secondary EndpointsOn an ITT-LOCF basis, patients in the Qnexa group had a significant reduction of
waist circumference of 12.6 cm, as compared to 6.4 cm for the placebo group (p <
0.0001). Waistline is an indicator of central adiposity, which has been shown to
be positively correlated with the risk factors for diabetes, cardiovascular
disease and certain types of cancer.Patients treated with Qnexa had a mean reduction of 10% for cholesterol and
16.2% for triglycerides, as compared to a reduction of 3.5% and an increase of
6.7%, respectively, for the placebo group. Baseline cholesterol and
triglycerides were considered normal. Decreases in blood pressure as measured by
the mean change from baseline at week 24 were also observed in the Qnexa group
as compared to the placebo group. These findings suggest that Qnexa may improve
certain metabolic risk factors in obese patients. Qnexa was well tolerated in
this trial. Adverse events occurring in greater than 10% in the Qnexa arm as
compared to placebo included paresthesia (mild tingling of the extremities),
altered taste and increased urinary frequency. There were no dropouts in the
Qnexa arm due to serious or severe adverse events.About QnexaQnexa is a proprietary pharmaceutical treatment that incorporates low doses of
active ingredients from two previously approved products (phentermine and
topiramate). By combining the activity of each of these compounds, Qnexa
simultaneously addresses excessive appetite and high threshold for satiety, the
two main mechanisms that impact eating behavior. We believe Qnexa is the first
product to treat obesity in this manner. Qnexa is subject to U.S. and
International patents.About ObesityIn 2004, the U.S. Centers for Disease Control and Prevention ranked obesity as
the number one health threat in America. Obesity is a chronic condition that
affects millions of people and often requires long-term or invasive treatment to
promote and sustain weight loss. Obesity is the second leading cause of
preventable death in the United States. The American Obesity Association
estimates that approximately 127 million, or 64.5 percent of adults in the U.S.
are overweight, and an estimated 60 million, or 30.5 percent, are obese. The
total direct and indirect costs attributed to those who are overweight and obese
amounted to $117 billion in 2000. Additionally, Americans spend more than $33
billion annually on weight-loss products and services.About Metabolic SyndromeAccording to the American Heart Association, "The metabolic syndrome is
characterized by a group of metabolic risk factors in one person." Such factors
include but are not limited to: -- Abdominal obesity -- Blood fat disorders that foster plaque buildup in artery walls including: - high triglycerides - low HDL cholesterol - high LDL cholesterol -- Elevated blood pressurePeople with metabolic syndrome have an increased risk of coronary heart disease
and other conditions that result from the buildup of plaque in artery walls
(e.g., stroke and peripheral vascular disease) and type 2 diabetes. It is
currently estimated that more than 50 million Americans are living with
metabolic syndrome.About VIVUSVIVUS, Inc. is a pharmaceutical company dedicated to the development and
commercialization of next-generation therapeutic products addressing obesity and
sexual health. VIVUS has three products that are positioned to enter Phase 3
clinical trials, and one product currently under NDA review by the FDA. The
pipeline includes: Qnexa(TM), for which a Phase 2 study has been completed for
the treatment of obesity; Testosterone MDTS(R), for which a Phase 2 study has
been completed for the treatment of Hypoactive Sexual Desire Disorder (HSDD);
EvaMist(TM), for which a Phase 3 study has been completed and an NDA submitted
for the treatment of menopausal symptoms; and avanafil, for which a Phase 2
study has been completed for the treatment of erectile dysfunction (ED). MUSE(R)
is approved and currently on the market for the treatment of ED. For more
information on clinical trials and products, please visit the company's web site
at www.vivus.com
Replidyne, Inc.
23.10.06 16:06 Uhr
5,11 USD
-50,10 % [-5,13]
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RDYN and FRX tumble on a FDA non-approvable letter for Faropenem.
U.S. Food and Drug Administration Issues Non-Approvable Letter for Faropenem
LOUISVILLE, Colo. and NEW YORK, Oct 23, 2006 /PRNewswire-FirstCall via COMTEX/
-- Replidyne, Inc. (Nasdaq: RDYN) and Forest Laboratories, Inc (NYSE: FRX),
reported today the U.S. Food and Drug Administration (FDA) has issued a non-
approvable letter for Replidyne's new drug application (NDA) for faropenem
medoxomil, a novel oral, community antibiotic. Replidyne submitted the NDA in
December 2005 for four adult indications: acute bacterial sinusitis (ABS),
community-acquired pneumonia (CAP), acute exacerbation of chronic bronchitis
(AECB) and uncomplicated skin and skin structure infections (SSSI). The NDA as
filed was based on the results of eleven Phase III clinical trials for these
indications and a safety data base of more than 5,000 patients treated with
faropenem.According to the non-approvable letter, the FDA recommends further clinical
studies for all indications. For ABS and AECB, superiority studies may be needed
and for CAP, studies requiring additional microbiologic evaluation. In its
letter the FDA did not raise any safety concerns or chemistry, manufacturing or
controls (CMC) issues related to the product. Replidyne and Forest intend to
discuss the clinical plans with the FDA including the number of trials needed
for each indication, and expect that a minimum of two years will be required for
completion of the clinical studies.Historically the FDA has not required superiority design studies such as
placebo-controlled studies for approval for antibiotics, but the Companies
believe that recent public FDA deliberations over the need for placebo-
controlled studies for antibiotics were a factor in its decision. Further,
recent FDA statements have reflected a preference for superiority studies in
ABS."Based on the filing packages we included in our NDA submission, particularly
for ABS and CAP, we are disappointed that the FDA is requiring additional
clinical trials," said Kenneth J. Collins, President and Chief Executive Officer
of Replidyne. "However, we believe that at the doses studied faropenem has a
clearly demonstrated favorable safety profile. Replidyne is in a strong
financial position to continue the development of faropenem with our partner
Forest and to advance our promising pipeline."Howard Solomon, Chairman and Chief Executive Officer of Forest, stated, "It is
our intention to work together with Replidyne to conduct the additional clinical
trials required to obtain FDA approval for at least two respiratory indications
in order to launch faropenem. Upon approval, faropenem will be a valuable
additional pipeline product for us."Forest and Replidyne announced their collaboration and commercialization
agreement on February 13, 2006 and will discuss the agreement based on the FDA
decision.Replidyne will hold a conference call at 8:30 AM EDT on Monday, October 23, to
discuss the FDA's response. To access the call, please dial 800-591- 6945
(domestic) or +1 617-614-4911 (international) five minutes prior to the start
time, and provide the access code 57552349.A replay of the call will be available from 6 PM ET on October 23, 2006 until
October 30, 2006 at midnight. To access the replay, please call 888- 286-8010
(domestic) or +1 617-801-6888 (international) and reference access code
85816020.About Faropenem MedoxomilFaropenem medoxomil is an investigational compound being developed for oral
treatment of community-acquired respiratory infections and uncomplicated skin
and skin structure infections. Community antibiotics are generally used to treat
infections acquired in the community rather than a hospital setting.Faropenem is a member of the penem subclass within the beta-lactam class of
antibiotics. Beta-lactams are generally characterized by their favorable safety
and tolerability profiles, as well as their broad spectrum of activity, and as a
result are often used as first line therapy in many respiratory and skin
infections in adult and pediatric patients.About Replidyne, Inc.Replidyne is a biopharmaceutical company focused on discovering, developing,
in-licensing and commercializing innovative anti-infective products. Replidyne's
lead product, faropenem medoxomil, is a novel oral, community antibiotic that is
expected to be appropriate for use as a first- line antibiotic for treatment of
respiratory and skin infections in adult and pediatric patients. In February
2006, Replidyne entered into a partnership agreement with Forest Laboratories to
develop and commercialize faropenem medoxomil in the US. An IND for Replidyne's
second drug candidate, REP8839, was submitted to the FDA in May 2006. REP8839 is
a topical anti-infective product under development for the treatment of skin and
wound infections, and the prevention of S. aureus infections, including multiple
antibiotic- resistant S. aureus (MRSA) infections, in hospital settings.
Replidyne is also pursuing the development of other novel anti-infective
products based on its in-house discovery research
WRIGLEY (WM) JR CO B COM
23.10.06 16:13 Uhr
53,40 USD
+14,15 % [+6,62]
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Aktuell
53,40 USD
Zeit
23.10.06 16:13
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+14,15 %
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646.448,85
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12.810
Wrigley Reports 15% Rise in Third Quarter Earnings per Share on Strong 11% Sales Increase and Declares Dividend
CHICAGO, Oct 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- The Wm. Wrigley Jr.
Company (NYSE: WWY) today announced third quarter sales of $1.18 billion, an
increase of 11 percent on worldwide shipment increases of 9 percent. Net
earnings for the quarter were $0.53 per diluted share versus $0.46 for the year
ago period, an increase of 15 percent.On a non-GAAP basis, excluding the negative impacts of previously announced
restructuring charges ($0.02) and new accounting requirements to expense stock
options ($0.02) -- 2006 third quarter per share earnings would have been $0.57,
$0.10 or 21 percent above the year-ago quarter (excluding prior year
restructuring charges as well). All per share figures have been adjusted to
reflect the 5-for-4 stock dividend that took place on May 1, 2006."The year so far has played out as expected, and we remain pleased with our
continued double-digit, top-line growth and the overall vitality of our
confectionery business worldwide," said Bill Wrigley, Jr., Executive Chairman
and Chairman of the Board. "Our plan called for heavy investment in the first
half of the year, despite the challenging comparisons, and accelerating business
momentum the back half of the year. Although there is more work to do, the
aggressive steps we have taken to improve our overall performance are starting
to translate into more of our strong top-line success dropping down to our
bottom line results.Our share of the global marketplace and our overall leadership in gum remain
strong, despite some give and take with competitors in various countries," added
Wrigley. "We have a solid foundation and are well positioned for future growth."Wrigley's overall sales growth of 11 percent in the quarter reflects strong
performances across all regions. Sales gains ranged from 7 percent in North
America to 23 percent in Asia. In the company's largest volume geographies --
the U.S. and China -- quarterly sales were up 9 percent and over 30 percent,
respectively.Sales PerformanceThird quarter global sales grew by $117 million or 11 percent over the same
quarter last year, including a 2 percent boost from the translation of
international (particularly European) results into a relatively weaker U.S.
dollar. The gain reflects excellent shipment increases for both gum (+8 percent)
and non-gum items (+17 percent) in the quarter."What's particularly impressive about the quarter's results is that the
contributions to growth -- in terms of both gum and non-gum confectionery --
come from all corners of the Wrigley world," said Ralph Scozzafava, Vice
President - Worldwide Commercial Operations. "Even in geographies where we're
seeing stepped-up new product and promotional activities by competitors, we're
seeing excellent performance and category growth." Third quarter sales highlights, by region, included: -- Asia's continued strong sales growth, recording a 23 percent increase on a 25 percent shipment increase. The biggest contribution to the region's sales gain came from China, where sales grew in excess of 30 percent year over year. Consumers in China continue to respond positively to expanded distribution of Extra(R) sugarfree brand, especially in its innovative bottle packaging. -- In EMEAI (principally Europe), sales were up 12 percent on a 6 percent shipment increase, with a 3 percent gain from product mix and a 3 percent boost from currency translation. Growth in the region was driven by double-digit gains across East Europe -- lead by higher volumes in Russia, Ukraine and Poland. In Russia, Orbit(R) Drops has achieved the #2 position in hard candy after less than 24 months in the marketplace; and Eclipse(R) gum has achieved a significant share after less than 8 months on shelf. West Europe improved from the previous quarter, but was essentially flat versus year ago -- with gains in France, Germany and Scandinavia offset by declines in Spain and the U.K. The French gains were both in volume and share, and German business momentum has been accelerating. -- Sales in North America were up 7 percent on a 6 percent increase in shipments, led by the U.S., where sales climbed 9 percent on a 7 percent increase in volume. Strong gains from Orbit, Life Savers(R), Orbit White(R), and new Doublemint(R) Twins(TM) mints, as well as continued growth in Extra and a return to growth for Eclipse pellets were only partially offset by declining sales for sugar gum brands.Overall, year-to-date net sales are up 13 percent or $409 million to $3.5
billion on an 18 percent shipment increase. Through the first 9 months of the
year, the confectionery brands acquired in 2005 account for a little less than
half of the sales and shipment gains.Gross MarginsConsolidated gross margins for the quarter were 53.1 percent versus 53.7 percent
a year ago. While the margins are off 60 basis points versus year ago due to
somewhat higher product costs, they show a 100 basis point improvement compared
to the second quarter, primarily due to more favorable product and geographic
mix.Year-to-date, consolidated gross margins were 52.4 percent versus 55.8 percent a
year ago. They were reduced by approximately 60 basis points as a result of
restructuring charges and stock option expenses. Lower margin contributions from
the confectionery brands acquired mid-year 2005 accounted for another
approximately 160 basis points. The remaining decline can be attributed mainly
to unfavorable geographic and product shifts through the first 9 months of the
year, including somewhat higher costs for some new product and packaging
formats.Operating Profits and Net EarningsConsolidated operating profits for the quarter were up 12 percent, including a 3
percent boost from favorable currency translation. Year to date, operating
profits were down 2 percent, including the impact of restructuring charges and
stock option expensing. In the absence of those charges, on a non-GAAP basis,
operating profits were up just under 16 percent for the quarter and more than 5
percent year-to-date.Consolidated net earnings for the quarter of $148 million were up $18 million
from the prior year. On a diluted per share basis, earnings were $0.53, up 15
percent from the year-ago quarter. Earnings were negatively impacted by the
restructuring charge and stock option expenses, which each reduced earnings by
$0.02; and adjustment of the expected tax rate for the year based on mix of
business (from 32 percent to 31.5 percent) increased earnings by $0.01 in the
quarter. On a non-GAAP basis, excluding restructuring and options costs,
earnings per share were $0.57 versus $0.47 a year ago.Year-to-date diluted earnings per share of $1.44 are down 4 percent from the
first nine months of 2005. Excluding restructuring ($0.05) and options costs
($0.07), nine-month earnings per share - on a non-GAAP basis - of $1.56 are up
$0.05 or just over 3 percent from the year-ago period.Continuing Business ProgressNew product introductions -- combined with a disciplined go-to-market strategy
and a stronger and more efficient supply chain alignment -- continue to be
important drivers of results. For example, an aggressive new product launch
cycle this summer -- with products such as LifeSavers Orange Mints, Sweet
Mints(TM) and Fruit Splosions(R) -- helped fuel the 9 percent rise in U.S. sales
this past quarter. The Wrigley sales team is now in the process of presenting
new U.S. product launches for year end, including the previously announced dark
chocolate-dipped Altoids(R), as well as Life Savers Fruit Tarts and Hubba
Bubba(R) Sour Gummi Tape, along with two new flavors of Orbit -- Mint Mojito(TM)
and Raspberry Mint -- and Orbit White Bubblemint(TM) in the convenient new
Big-E(R) package.Currently rolling out into the U.S. marketplace is a new kind of pellet product
called Eclipse Fusion(R). Offered in both Spearmint Melon and Peppermint Berry
versions, Eclipse Fusion has a unique combination of chewing gum, micro mints
and mild cooling fruit flavor-infused center that recorded top scores in
consumer testing on a stand-alone basis and versus competitive offerings.Dividend DeclarationAt their regular meeting, the Board of Directors of the Wrigley Company declared
a regular dividend of $0.256 on each share of Common Stock and each share of
Class B Stock for the three-month period beginning February 1, 2007. These
dividends are payable February 1, 2007 to stockholders of record of each class
of stock outstanding at the close of business on January 12, 2007.About WrigleyThe Wm. Wrigley Jr. Company is a recognized leader in confections with a wide
range of product offerings including gum, mints, hard and chewy candies, and
lollipops. The Company has global sales in excess of $4 billion and distributes
its world-famous brands in more than 180 countries. Three of these brands --
Wrigley's Spearmint(R), Juicy Fruit(R), and Altoids(R) -- have heritages
stretching back more than a century. Other well-loved brands include
Doublemint(R), Life Savers(R), Big Red(R), Boomer(R), Pim Pom(R),
Winterfresh(R), Extra(R), Freedent(R), Hubba Bubba(R), Orbit(R), Excel(R), Creme
Savers(R), Eclipse(R), Airwaves(R), Solano(R), Sugus(R), P.K.(R), and Cool
Air(R).
Indus International, Inc.
23.10.06 16:29 Uhr
3,67 USD
+45,63 % [+1,15]
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3,67 USD
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14,73 Mio.
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Indus and MDSI to Combine in a Private Equity Transaction Sponsored by Vista Equity Partners
ATLANTA, Oct 23, 2006 (Canada NewsWire via COMTEX) -- Creates Leader for Asset,
Customer and Service ManagementIndus International, Inc. (NASDAQ: IINT), a leading Service Delivery Management
(SDM(TM)) solution provider, and Vista Equity Partners, a $1 billion private
equity investment firm based in San Francisco, CA, today announced they have
entered into a merger agreement under which Indus, subject to customary closing
conditions, will be acquired by an affiliate of Vista in an all-cash transaction
valued at approximately $240 million. Upon completion of the merger, Vista
intends to combine Indus with MDSI Mobile Data Solutions Incorporated, a Vista
portfolio company and the worldwide leader in enterprise mobile workforce
management software. The stockholders of Indus, subject to customary closing
conditions, will receive $3.85 in cash in exchange for each share of Indus
stock."The combination of these two industry leaders is a game-changing event," said
Greg Dukat, President and CEO of Indus. "Together our products epitomize the
Service Delivery Management philosophy, combining the functionality of
best-of-breed enterprise asset management, field service management and customer
management applications, to help service delivery organizations optimize
interrelated business processes. Along with our emerging strength in the
commercial client market, the combined company's client base will include 5 of
the top 10 cable companies and 18 of the top 20 utility companies in North
America, as well as some of the world's largest telecommunications companies.
The combined footprint of Indus and MDSI will create the most attractive suite
of products for the market."Vince Burkett, MDSI's President and CEO adds that "the combination of our two
companies will bring together expertise and thought leadership that's not found
elsewhere in the industry. Together we will provide our clients with a broader
solution suite to fully optimize their service delivery processes."According to Robert F. Smith, Managing Principal of Vista Equity Partners, "We
are long-term investors in technology-enabled companies that are committed to
leadership in their markets. We have been impressed with the product offerings,
vision and market leadership found within Indus. We feel that a combination of
Indus and MDSI will create a company that will be uniquely positioned to offer
an end to-end solution for service delivery management. The proven management
teams at both companies and unparalleled client base will be leveraged to
provide clients with a single source for managing and optimizing their
operations."The Board of Directors of Indus has unanimously approved the merger agreement
and recommended that the stockholders vote in favor of it. Indus will hold a
special meeting of stockholders to approve the merger, where a majority of the
outstanding shares of Indus are required to approve the offer in order for the
transaction to proceed. The closing is subject to customary closing conditions,
including antitrust clearances. The transaction is expected to close within the
next 90 days.Credit Suisse has acted as financial advisor to Indus for this transaction.About Indus InternationalIndus is a leading Service Delivery Management (SDM) solution provider, helping
clients in a broad array of industries optimize the management of their
customers, workforce, spare parts inventory, tools and documentation in order to
maximize performance and customer satisfaction while achieving significant cost
savings. Indus customer, asset and workforce management software products,
professional services and hosted service offerings improve our clients'
profitability by reducing costs, increasing capacity and competitiveness,
improving service to their customers, facilitating billing for services and
ensuring regulatory compliance. Indus solutions have been purchased by more than
300 companies in more than 40 countries, representing diverse industries -
including manufacturing, utilities, telecommunications, government, education,
transportation, facilities and property management, high tech, consumer packaged
goods and more. For more information, visit www.indus.com.About MDSIMDSI is the largest, most successful provider of enterprise mobile workforce
management software in the world. MDSI's solutions improve customer service and
relationships and reduce field operating costs by allowing companies to more
effectively manage all mobile resources. Headquartered in Richmond, BC, Canada,
MDSI was founded in 1993 and has approximately 275 employees. The company has
operations and support offices in the United States, Canada, Europe and South
Africa. MDSI services approximately 110 clients, including 80% of the top 20
North American Utilities, and 50% of the top 10 North American Cable companies,
and has licensed more than 100,000 field service users around the world. For
more information, visit www.mdsi.caAbout Vista Equity PartnersVista Equity Partners currently invests $1 billion in capital committed to
dynamic, successful technology-based organizations led by world-class management
teams with long-term perspective. Vista is a value-added investor, contributing
professional expertise and multi-level support toward companies realizing their
full potential. Vista's investment approach is anchored by a sizable long-term
capital base, experience in structuring technology-oriented transactions, and
proven management techniques that yield flexibility and opportunity in private
equity investing. For more information, visit www.vistaequitypartners.com.
24.10.06 6:14
Links
Google - Unternehmensinformationen
Marktwert von Google über 150 Milliarden Dollar
San Francisco. AP/baz. Zunehmende Nachfrage von Anlegern hat die Aktie des Internet-Unternehmens Google auf einen neuen Rekordstand getrieben. Ein Anteilsschein kostete am Montag an der New Yorker Nasdaq 484,64 Dollar, womit der bisherige Höchststand von Anfang Januar übertroffen wurde. Zumindest zeitweise stieg die Marktkapitalisierung von Google auf mehr als 150 Milliarden Dollar.
Der Google-Kurs profitierte vor allem von den Profiten im dritten Quartal, die nahezu doppelt so hoch ausfielen, wie die Börse erwartet hatte. Zentrale Einnahmequelle des Unternehmens ist die Online-Werbung. Einen Aktiensplit, um das Papier auch für Kleinanleger attraktiv zu machen, hat Google-Mitbegründer Sergey Brin abgelehnt.
Lang&Schwarz Daily Trader: Royal Dutch Shell
24.10.2006 (08:34)
Royal Dutch Shell: Royal Dutch Shell rechnet offenbar mit steigenden Kosten bei seinem Sakhalin-Projekt. Nach einem Bericht des englischen Observer könnten die operativen Kosten des russischen Gasprojekts auf bis zu 28 Mrd. USD ansteigen. Zuletzt waren Kosten von 15 Mrd. USD prognostiziert worden.
Apple MacBook Pro Notebooks Now With Intel Core 2 Duo Processors Up to 39 Percent Faster
CUPERTINO, Calif., Oct 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- Apple(R)
today announced that its entire MacBook(TM) Pro line of notebooks now includes
the new Intel Core 2 Duo processor and delivers performance that is up to 39
percent faster than the previous generation. All MacBook Pro models now offer
double the memory and greater storage capacity than the previous generation, as
well as a FireWire(R) 800 port for connecting to high-speed peripherals. The new
MacBook Pro's stunning, lightweight, aluminum enclosure is just one-inch thin,
available in 15- and 17-inch models, and features a built-in iSight(R) video
camera for video conferencing on-the-go."With an Intel Core 2 Duo processor, greater storage capacity and FireWire 800
connectivity, the new MacBook Pro delivers unprecedented performance and
mobility in an incredibly thin and light design," said Philip Schiller, Apple's
senior vice president of Worldwide Product Marketing. "We are thrilled that our
notebook sales are growing twice as fast as the overall notebook market, and we
hope these new MacBook Pro models continue that success."Every MacBook Pro features the new Intel Core 2 Duo processor with 4MB of shared
L2 cache, which is up to 39 percent faster than the previous 2.16 GHz MacBook
Pro and more than seven times faster than the 1.67 GHz PowerBook G4 running
industry standard benchmarks.* Apple has enhanced Mac OS(R) X to take advantage
of the technology advances from Intel's Core 2 Duo processors, resulting in
increased performance in professional applications like Aperture(TM) 1.5, Final
Cut Pro(R) 5 and Logic Pro 7.Ideal for business and creative professionals, MacBook Pro delivers advanced
performance including 667 MHz DDR2 SDRAM memory expandable up to 3GB, ATI
Mobility Radeon X1600 graphics with up to 256MB of dedicated GDDR3 graphics
memory, and a double-layer SuperDrive(TM) for burning professional-quality DVDs.
With the latest high-performance connectivity options, every new MacBook Pro
includes built-in 10/100/1000 BASE-T Gigabit Ethernet for high-speed networking,
built-in AirPort Extreme(R) and Bluetooth 2.0+EDR (Enhanced Data Rate), a
FireWire 800 and a FireWire 400 port, combination analog and optical digital
audio input and output ports, an ExpressCard/34 expansion card slot, and a DVI
video output to connect up to a 30-inch Apple Cinema HD Display.MacBook Pro comes with Apple's MagSafe(TM) Power Adapter that magnetically
couples the power cord to the MacBook Pro and safely disconnects when there is
strain on the power cord, preventing the notebook from falling off its work
surface. Apple now offers a new MagSafe Airline Adapter that makes using the
MacBook Pro on an airplane even more convenient by connecting to in-seat power
ports for continued productivity throughout the duration of a flight. MacBook
Pro also includes an illuminated keyboard, Apple's Sudden Motion Sensor that is
designed to protect the hard drive in case of a fall, and a Scrolling TrackPad
to easily scroll through long web pages or pan across large photographs.MacBook Pro comes with iLife(R) '06, the next generation of Apple's
award-winning suite of digital lifestyle applications featuring iPhoto(R),
iMovie(R) HD, iDVD(R), GarageBand(TM) and iWeb(TM), the latest iLife application
that makes it super-easy to create amazing websites with photos, blogs and
podcasts and publish them on .Mac for viewing by anyone on the Internet with
just a single click.** Every MacBook Pro also comes with the latest release of
the world's most advanced operating system, Mac OS X version 10.4.8 Tiger
including Safari(TM), Mail, iCal(R), iChat AV, Front Row and Photo Booth,
running natively on the Intel-based notebook.Pricing & AvailabilityThe new 15-inch MacBook Pro is shipping today, the new 17-inch MacBook Pro will
ship next week, and every model will be available through the Apple Store(R)
(www.apple.com ), Apple's retail stores and Apple Authorized Resellers The
Apple MagSafe Airline Adaptor is shipping today for a suggested retail price of
$59 (US).The 2.16 GHz, 15-inch MacBook Pro, for a suggested retail price of $1,999 (US),
includes: -- 15.4-inch widescreen 1440 x 900 LCD display with 300 cd/m2 brightness; -- 2.16 GHz Intel Core 2 Duo processor; -- 1GB of 667 MHz DDR2 SDRAM, expandable to 3GB; -- 120GB Serial ATA hard drive running at 5400 rpm, with Sudden Motion Sensor; -- a slot-load 6x SuperDrive(TM) with double-layer support (DVD+R DL/DVD+/-RW/CD-RW) optical drive; -- PCI Express-based ATI Mobility Radeon X1600 with 128MB GDDR3 memory; -- DVI-out port for external display (VGA-out adapter included, Composite/S-Video out adapter sold separately); -- built-in Dual Link support for driving Apple 30-inch Cinema HD Display; -- built-in iSight video camera; -- Gigabit Ethernet port; -- built-in AirPort Extreme wireless networking and Bluetooth 2.0+EDR; -- ExpressCard/34 expansion card slot; -- two USB 2.0 ports, one FireWire 800 port, and one FireWire 400 port; -- one audio line in and one headphone out port, each supporting optical digital audio; -- Scrolling TrackPad and illuminated keyboard; -- the infrared Apple Remote; and -- 85 Watt Apple MagSafe Power Adapter.The 2.33 GHz, 15-inch MacBook Pro, for a suggested retail price of $2,499 (US),
includes: -- 15.4-inch widescreen 1440 x 900 LCD display with 300 cd/m2 brightness; -- 2.33 GHz Intel Core 2Duo processor; -- 2GB of 667MHz DDR2 SDRAM, expandable to 3GB; -- 120GB Serial ATA hard drive running at 5400 rpm, with Sudden Motion Sensor; -- a slot-load 6x SuperDrive with double-layer support (DVD+R DL/DVD+/-RW/ CD-RW) optical drive; -- PCI Express-based ATI Mobility Radeon X1600 with 256MB GDDR3 memory; -- DVI-out port for external display (VGA-out adapter included, Composite/S-Video out adapter sold separately); -- built-in Dual Link support for driving Apple 30-inch Cinema HD Display; -- built-in iSight video camera; -- Gigabit Ethernet port; -- built-in Airport Extreme wireless networking and Bluetooth 2.0+EDR; -- ExpressCard/34 expansion card slot; -- two USB 2.0 ports, one FireWire 800 port, and one FireWire 400 port; -- one audio line in and one headphone out port, each supporting optical digital audio; -- Scrolling TrackPad and illuminated keyboard; -- the infrared Apple Remote; and -- 85 Watt Apple MagSafe Power Adapter.The 2.33 GHz, 17-inch MacBook Pro, for a suggested retail price of $2,799 (US),
includes: -- 17-inch widescreen 1680 x 1050 LCD display with 300 cd/m2 brightness; -- 2.33 GHz Intel Core 2 Duo processor; -- 2GB of 667 MHz DDR2 SDRAM, expandable to 3GB; -- 160GB Serial ATA hard drive running at 5400 rpm, with Sudden Motion Sensor; -- a slot-load 8x SuperDrive with double-layer support (DVD+R DL/DVD+/-RW/ CD-RW) optical drive; -- PCI Express-based ATI Mobility Radeon X1600 with 256MB GDDR3 memory; -- DVI-out port for external display (VGA-out adapter included, Composite/S-Video out adapter sold separately); -- built-in Dual Link support for driving Apple 30-inch Cinema HD Display; -- built-in iSight video camera; -- Gigabit Ethernet port; -- built-in AirPort Extreme wireless networking and Bluetooth 2.0+EDR; -- ExpressCard/34 expansion card slot; -- three USB 2.0 ports, one FireWire 800 port, and one FireWire 400 port; -- one audio line in and one headphone out port, each supporting optical digital audio; -- Scrolling TrackPad and illuminated keyboard with ambient light sensor; -- the infrared Apple Remote; and -- 85 Watt Apple MagSafe Power Adapter.Additional build-to-order options for the MacBook Pro include the ability to
upgrade to a 200GB (4200 rpm) or a 160GB (5400 rpm) hard drive, up to 3GB DDR2
SDRAM, Apple MagSafe Airline Adapter, Apple USB Modem, glossy widescreen
display, and the AppleCare Protection Plan.*Based on estimated results of industry-standard SPECint and SPECfp rate tests.
SPEC is a registered trademark of Standard Performance Evaluation Corporation
(SPEC); see www.apple.com/macbookpro for more information
**Internet access required, fees may apply.Apple ignited the personal computer revolution in the 1970s with the Apple II
and reinvented the personal computer in the 1980s with the Macintosh. Today,
Apple continues to lead the industry in innovation with its award-winning
desktop and notebook computers, OS X operating system, and iLife and
professional applications. Apple is also spearheading the digital music
revolution with its iPod portable music players and iTunes online music store.NOTE: Apple, the Apple logo, Mac, Mac OS, Macintosh, MacBook, iSight, Aperture,
Final Cut Pro, SuperDrive, Airport Extreme, MagSafe, iLife, iPhoto, iMovie,
iDVD, GarageBand, iWeb, Safari, iCal, Apple Store and SuperDrive are trademarks
of Apple. Other company and product names may be trademarks of their respective
owners.SOURCE Apple Computer, Inc.
Further Analysis of Phase III Data Using CALGB and EORTC Paradigms Reinforces Survival Benefits of ONCONASE(R) for the Treatment of Patients with Mesothelioma -- Findings Presented at 8th International Conference of the International Mesothelioma Int
BLOOMFIELD, N.J., Oct 24, 2006 (BUSINESS WIRE) -- Alfacell Corporation (NASDAQ:
ACEL) today announced results from further detailed analysis of the company's
previously reported Phase IIIa clinical trial of ONCONASE(R) (ranpirnase) versus
doxorubicin for the treatment of unresectable malignant mesothelioma (UMM). The
post-hoc analysis found that patients treated with ONCONASE had greater median
survival times than patients treated with doxorubicin alone using the validated
prognostic scoring systems of both the Cancer and Leukemia Group B (CALGB) and
European Organization for Research and Treatment of Cancer (EORTC). These
scoring systems were not the original endpoints of the Phase IIIa trial. The new
findings were presented on Sunday, October 22 at the 8th International
Conference of the International Mesothelioma Interest Group (IMIG), held in
Chicago, IL at the Sheraton Chicago Hotel and Towers, by Joachim von Pawel, M.D,
Chief of Oncology, Askleplos Specialized Clinic, Center for Pneumology and
Thoracic Surgery, Gauting, Germany. Dr. von Pawel's presentation was entitled,
"A Comparison of CALGB and EORTC Paradigms in the Assessment of ONCONASE(R) for
the Treatment of Unresectable Malignant Mesothelioma (UMM)."For malignant mesothelioma, the prognostic scoring systems developed by CALGB
and EORTC are the most widely accepted of those currently available for this
malignancy. These systems use performance status, age, histological subtype,
weight loss, and hematological parameters to stratify patients into prognostic
groups. Each is useful for interpreting the benefit of chemotherapy in clinical
trials.The first objective of this new analysis was to determine whether the
application of the CALGB and EORTC prognostic models to the combined treatment
groups would separate the patients into prognostic subgroups which correlated
with survival outcome. When all patients were categorized by these two
prognostic models, the survival results were consistent with the published data
for these models.The second objective was to evaluate survival outcomes for patients treated with
ONCONASE versus doxorubicin. When the data were analyzed using each paradigm,
the treatment differences favored ONCONASE. The EORTC survival analysis showed a
six-month difference between "high" and "low" risk groups for patients treated
with ONCONASE (15 months compared to 9 months (p = 0.0063)). A two-month
difference was seen among patients treated with doxorubicin (10 months for
"high" risk patients compared to 8 months for "low" risk patients (p = 0.375).In assessing CALGB group variables, patients who were of epithelial histology
had markedly greater median survival times when treated with ONCONASE (16.5
months compared to 13.6 months, doxorubicin). The same was true among patients
considered to have suboptimal prognoses under either paradigm, such as
Performance Status 1 patients (11.5 months compared to 9 months)."The EORTC system is robust for the stratification of small trials, while the
CALGB prognostic scoring system, with six strata for risk, demands a large
sample size to ensure statistically significant subgroup separation," said Dr.
von Pawel. "These findings add to our growing body of knowledge about the
potential utility and promise of ONCONASE in the treatment of UMM, and will be
valuable in its ongoing development."Within the last decade, malignant mesothelioma has received increased
international attention by distinguished medical and radiation oncologists,
surgeons, pulmonologists, epidemiologists and basic scientists who research this
disease or treat patients due to the increasing incidence worldwide. In 2005,
the first major federal PO1 grant for this disease was awarded to Michele
Carbone, M.D., Ph.D., Chairman of Alfacell's Thoracic Cancer Advisory Board
(TCAB).In addition and among the several awards presented at the 8th International
Conference of the International Mesothelioma Interest Group (IMIG), Harvey Pass,
M.D., Professor and Chief of the Division of Thoracic Surgery and Thoracic
Oncology at the New York University School of Medicine and Comprehensive Cancer
Center, and a member of Alfacell's distinguished TCAB was the recipient of the
prestigious Wagner Medal for his lifetime achievement in mesothelioma research.
The award is made to an individual at each IMIG conference who, in the opinion
of the IMIG Committee, has made a major contribution to mesothelioma research,
either clinical or laboratory, over a number of years.About ONCONASE(R)ONCONASE is a first-in-class therapeutic from Alfacell's proprietary
ribonuclease (RNase) technology platform. ONCONASE has been shown in vitro and
in vivo to target tumor cells while sparing normal cells. ONCONASE is
internalized by endocytosis and released into the cytosol of the cancerous cell,
where it selectively degrades tRNA beyond repair. In doing so, ONCONASE inhibits
protein synthesis, stops cell cycle proliferation, and induces apoptosis
(programmed cell death).ONCONASE has previously been granted Orphan Drug designation from EMEA and TGA
(Australia), as well as Fast Track status by the FDA. The Company is also
conducting an ONCONASE Phase I / II trial in Non-Small Cell Lung Cancer (NSCLC).About Alfacell CorporationAlfacell Corporation is a biopharmaceutical company focused on the discovery,
development and commercialization of novel therapeutics for cancer and other
life-threatening diseases, using its proprietary ribonuclease (RNase) technology
platform.
TVI Corporation Receives Follow-on Order from the State of California
GLENN DALE, Md., Oct 24, 2006 (BUSINESS WIRE) -- TVI Corporation (NASDAQ:
TVIN), a global supplier of rapidly deployable first receiver and first
responder systems for homeland security, hospitals, the military, police and
fire departments, and public health agencies today announced it has received a
follow-on order, in excess of $600,000, for its Hospital Surge shelters,
Bio-Isolation shelters, Decontamination systems and associated support
equipment. The order is a result of a contract originally awarded to TVI through
one of its largest distributors and is being procured by the California
Department of Health Services."This follow-on order reflects a commitment from the state's 58 counties to
standardize on TVI's decontamination and surge-capacity systems," said TVI
Corporation's President and Chief Executive Officer, Richard V. Priddy. "We are
pleased with California's continuing investment in disaster response healthcare
preparedness and commitment to public safety."About TVI CorporationTVI Corporation, located in Glenn Dale, Maryland, is a global supplier of
rapidly deployable first receiver and first responder systems for homeland
security, hospitals, the military, police and fire departments, and public
health agencies. The Company designs, fabricates and markets products and
systems both through distributors and directly to end-users and OEMs. These
systems include chemical and biological decontamination systems, infection
control systems, and powered air respirator systems for individuals. The
Company's core systems are fabric shelter structures, which employ the Company's
proprietary articulating frame. The Company also sells a line of thermal
products, which includes targets, IFF (Identification Friend or Foe) devices,
beacons and markers, and decoys.During the past several years, TVI's product line has expanded to include
Chem/Bio Isolation systems for hospitals and first responders, trailerized first
responder products, crime scene investigation systems for police, and mobile
hospitals. TVI's products, and others of their kind, represent integral
components of a standard decontamination process.The TVI designation is a trademark of TVI Corporation. All other company and
product names mentioned above are trade names and/or trademarks of their
respective owners. For more information concerning TVI, please visit the Company
at: www.tvicorp.com. This reference to the TVI website is an active textual
reference and the contents of the site are not part of this press release."Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995
24.10.2006 14:35
Bei Travelzoo steigt Gewinn fast 100%
Der Internet-Medienkonzern Travelzoo (Nachrichten) erreichte im dritten Quartal einen Nettogewinnanstieg von 98% auf 4,6 Millionen Dollar bzw 28 Cents je Aktie. Der operative Gewinn erhöhte sich um 95% auf 8,1 Millionen Dollar.
Die Erlöse stiegen um 31% auf 17,6 Millionen Dollar.
Die Einnahmen aus dem Nordamerika-Geschäft wuchsen um 27% auf 16,7 Millionen Dollar. Hier zog der operative Gewinn von 4,6 Millionen Dollar bzw 35% des Umsatzes auf 8,4 Millionen Dollar bzw 50% des Umsatzes an.
Travelzoo Inc
24.10.06 16:08 Uhr
38,84 USD
+19,88 % [+6,44]
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Börse
NASDAQ
Aktuell
38,84 USD
Zeit
24.10.06 16:08
Diff. Vortag
+19,88 %
Tages-Vol.
46,19 Mio.
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1,7 Mio
bellwetherreport.com: Bellwether Report.com Acknowledges Travelzoo Inc.
Oct 24, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of
Travelzoo Inc. (Nasdaq: TZOO)Travelzoo displays travel deals and specials and related information on its Web
sites. Travel companies, such as airlines, cruise lines, hotels, and travel
agencies, pay Travelzoo to publicize fares and promotions on Travelzoo's
eponymous Web site, through its Travelzoo Top 20 newsletter, and across its
Newsflash e-mail alert service. Travelzoo also operates SuperSearch, a
pay-per-click search engine specializing in travel content. Clients include
Budget Rent a Car, Expedia, Marriott Hotels, Royal Caribbean, and United
Airlines. Travelzoo commenced its UK operations in May 2005. CEO Ralph Bartel
owns 78% of the company, which was founded in 1998.Shares were up after beating expectations.Travelzoo shares rose 19% early Tuesday after the online publisher of travel
discounts beat analysts' earnings expectations.Net income rose to $4.6 million, or 28 cents a share, up from from $2.3 million,
or 13 cents a share, a year ago. Revenue rose 31% to $17.6 million - a bit shy
of analyst expectations.
Netflix, Inc.
24.10.06 16:53 Uhr
26,75 USD
+15,90 % [+3,67]
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Börse
NASDAQ
Aktuell
26,75 USD
Zeit
24.10.06 16:53
Diff. Vortag
+15,90 %
Tages-Vol.
159,22 Mio.
Gehandelte Stück
6,3 Mio.
bellwetherreport.com: Bellwether Report.com Announces an Alert for Netflix, Inc.
Oct 24, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of
Netflix, Inc. (Nasdaq: NFLX)In a blend of technologies from multiple eras, Netflix steers couch potatoes
away from the video store and straight to the mail box. Its Web site
(Netflix.com) offers DVD rentals (over 60,000 titles) to more than 4.2 million
subscribers for a monthly fee. The movies are delivered to customers the
old-fashioned way: through the US Postal Service. Netflix does not charge late
fees or have due dates, and the company's service employs user ratings to
predict individual preferences and make movie recommendations. Netflix has more
than 35 distribution centers in major US cities. Director Jay Hoag and his
Technology Crossover Ventures owns about 20% of the company and CEO Reed
Hastings owns about 10%.Shares were up 20% after third quarter results.Netflix Inc.'s strong third quarter results prompted praise by analysts on
Tuesday, who said the online movie rental service is still ahead of its
competitors and is building up a strong brand name prior to a launch of its
digital download platform.Late Monday, the company said arnings jumped 84 percent, easily beating analyst
expectations. Netflix also said it added about 500,000 more subscribers during
the quarter and lifted its financial outlook.The company plans to spend $40 million next year to develop a digital download
rental service.J.P. Morgan Securities Inc. analyst Barton Crockett reiterated an "Overweight"
rating on shares."Against a backdrop of fears about worsening subscriber metrics, new competition
from online download services from Amazon and Apple, and ramped up competition
from Blockbuster Online, Netflix delivered what we regarded as a solid report,"
the analyst wrote.
BUYINS.NET: CRTX, EPCT, GMO, GNA, HYTM, LFC Have Been Removed From Naked Short List Today
Oct 25, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, announced
today that these select companies have been removed from the NASDAQ, AMEX and
NYSE naked short threshold list:
Critical Therapeutics Inc. (NASDAQ: CRTX),
EpiCept Corporation (NASDAQ: EPCT),
Idaho General Mines, Inc (AMEX: GMO),
Gerdau Ameristeel Corp (NYSE: GNA),
Hythiam Inc. (NASDAQ: HYTM), China Life
Insurance Company Limited (NYSE: LFC).
Critical Therapeutics Inc. (NASDAQ: CRTX) a biopharmaceutical company, engages
in the discovery, development, and commercialization of products to treat
respiratory, inflammatory, and critical care diseases through the regulation of
the body's inflammatory response. Its primary product, ZYFLO, a tablet
formulation of zileuton, is used for the prevention and chronic treatment of
asthma. In addition, zileuton has therapeutic benefits in various other diseases
and conditions, such as acute asthma exacerbations, chronic obstructive
pulmonary disease, and nasal polyposis. The company is also developing other
products, including CTI-01, a Phase II clinical trial product, for the
prevention of complications that occur in patients after cardiopulmonary bypass;
HMGB1, a preclinical trail product, to treat inflammation mediated diseases; and
Alpha-7, a preclinical trail product, for oral anticytokine therapy for acute
and chronic diseases. Critical Therapeutics sells its ZYFLO and the
controlled-release formulation of zileuton in the United States. It has
collaboration with MedImmune, Inc. and Beckman Coulter, Inc. for the development
of HMGB1 product. The company was co-founded by H. Shaw Warren and Kevin J.
Tracey. Critical Therapeutics was incorporated in 2000 as Medicept, Inc. and
changed its name to Critical Therapeutics, Inc. 2001. The company is
headquartered in Lexington, Massachusetts. With 34.24 million shares outstanding
and 507,820 shares declared short as of September 2006, there is no longer a
failure to deliver in shares of CRTX.
EpiCept Corporation (NASDAQ: EPCT) a specialty pharmaceutical company, engages
in the research, development, and commercialization of pharmaceutical products
for the treatment of pain and cancer. Its lead oncology compound, Ceplene, which
is used for acute myeloid leukemia is in a Phase III trial. The company's
late-stage analgesic candidates include EpiCept NP-1 Cream, a prescription
topical analgesic cream designed to provide relief from the pain of peripheral
neuropathies; LidoPAIN SP, which is designed to provide topical delivery of
lidocaine to a post surgical or post-traumatic sutured wound; and LidoPAIN BP, a
prescription analgesic, designed to provide topical delivery of lidocaine for
the treatment of acute or recurrent lower back pain. EpiCept is preparing NP-1
Cream for Phase III clinical trials; and is conducting Phase II trial for
LidoPAIN SP. The company's earlier-stage product candidates include EpiCept
MP/DP, a topical spray gel matrix, containing morphine and lidocaine for oral
mucositis; LidoPAIN TV for the treatment of tinnitus; and LidoPAIN HM for the
treatment of headache pain. EpiCept has completed initial Phase II clinical
trials and intends to conduct additional Phase II clinical trials these product
candidates. In addition, it develops apoptosis inducers, which include EPC2407,
an anticancer drug candidate; EP2167, a compound, whose apoptosis-inducing anti
tumor activities are mediated through the transferring receptor; and EP128504, a
novel inducer of apoptosis for breast and colorectal cancer cells. The company
operates in North America and Europe. It has strategic alliances with Adolor
Corporation for the development and commercialization of LidoPAIN SP in North
America; and Endo Pharmaceuticals, Inc. for the commercialization of LidoPAIN
BP. EpiCept was founded in 1993 and is headquartered in Englewood Cliffs, New
Jersey. With 24.53 million shares outstanding and 45,833 shares declared short
as of September 2006, there is no longer a failure to deliver in shares of EPCT.Idaho
General Mines, Inc. (AMEX: GMO) an exploration stage company, engages in
the exploration and development of molybdenum, as well as silver, gold, base
metals, and other specialty metals. The company's property includes Mount Hope
Project, a molybdenum deposit located in Eureka County, Nevada. Its portfolio
also contains advanced-stage molybdenum, copper, and gold projects throughout
the western United States, including Molly Star and Gazelle Gold in Montana;
Margaret and Red Bonanza in Washington; and Detroit Copper and Turner Gold in
Oregon. In addition, Idaho General Mines has an option to purchase a 10 square
mile property in Nye County, Nevada. The company was incorporated in 1925 as
General Mines Corporation and changed its name to Idaho General Petroleum and
Mines Corporation in 1966. Further, it changed its name to Idaho General Mines,
Inc. in 1967. Idaho General Mines is based in Spokane, Washington. With 39.13
million shares outstanding and 202,100 shares declared short as of September
2006, there is no longer a failure to deliver in shares of GMO.
Gerdau Ameristeel Corp (NYSE: GNA) through its subsidiaries, engages in the
manufacture and marketing of minimill steel in the United States and Canada. It
operates through two segments, Minimills and Downstream Operations. Minimills
segment engages in the ownership and operation of 11 mills in the United States
and 3 in Canada. It also has 50% interest in the Gallatin minimill. In addition,
this segment engages in the manufacture and marketing of steel products,
including reinforcing steel bar, merchant bars, structural shapes, beams,
special sections, coiled wire rod, and flat rolled sheet. Downstream Operations
segment produces fabricated and epoxy coated rebar in North America. It also
engages in the manufacture and distribution of the spikes on an annual contract
basis to the railroad industry in North America. In addition, this segment
process hot rolled merchant and light structural steel bars into cold drawn bars
with physical characteristics; and super light steel beams into cross members
for the truck trailer industry and process steel guide rail sections for
elevator manufacturers. It also produces wire end products, including wire mesh
and nails, galvanized after weave chain link fabric fencing, and wire drawing
and heat treating products. Additionally, this segment produces grinding balls
by using forging machines. The company's products are sold to steel service
centers, steel fabricators, original equipment manufacturers for use in various
industries, including construction, mining, cellular and electrical
transmission, automotive, metal building manufacturing, and equipment
manufacturing. As of December 31, 2005, it owned and operated 15 mills,
including one 50% owned mill; 17 scrap recycling facilities; and 43 downstream
operations. The company was incorporated in 1970 and is based in Tampa, Florida.
Gerdau Ameristeel Corporation operates as an indirect subsidiary of Gerdau S.A.
With 305.17 million shares outstanding and 1.95 million shares declared short as
of September 2006, there is no longer a failure to deliver in shares of GNA.
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 40.11 million shares outstanding and 7.34 million shares
declared short as of September 2006, there is no longer a failure to deliver in
shares of
HYTM.China Life Insurance Company Limited (NYSE: LFC) provides individual life
insurance and annuity products in the People's Republic of China. It offers
whole life and term life insurance, endowment insurance, and annuities. The
company also provides group life insurance and annuity products to the employees
of companies and institutions. In addition, China Life Insurance Company offers
accidental insurance; and health insurance products and services, including
disease-specific insurance, medical expense insurance, and defined benefit
insurance to individuals and groups. Further, it provides joint life and
universal products. The company markets its products through its direct sales
representatives; agents; intermediaries; and commercial banks, post offices,
insurance agency companies, and insurance brokerage companies. China Life
Insurance Company was founded in 1949 and is headquartered in Beijing, the
People's Republic of China. The company operates as a subsidiary of China Life
Insurance (group) Company Limited. With 669.12 million shares outstanding and
560,106 shares declared short as of September 2006, there is no longer a failure
to deliver in shares of LFC.
Candela Corporation
25.10.06 21:04 Uhr
13,93 USD
+27,10 % [+2,97]
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Börse
NASDAQ
Aktuell
13,93 USD
Zeit
25.10.06 21:04
Diff. Vortag
+27,10 %
Tages-Vol.
25,44 Mio.
Gehandelte Stück
1,9 Mio
bellwetherreport.com: Bellwether Report.com Announces an Alert for Candela Corp.
Oct 25, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of
Candela Corp. (Nasdaq: CLZR)Medical laser maker Candela has the answer to those pesky alcohol-induced
tattoos. The firm offers laser systems for tattoo removal, treatment of dermal
abnormalities (age spots, birthmarks), and hair removal. Products include
ALEXlazr, for removal of lesions and tattoos; Vbeam for vascular lesions and leg
and facial veins; and Dynamic Cooling Device, which reduces pain by cooling
upper layers of the skin during treatment. Candela sells to cosmetic and
surgical markets throughout the US and abroad. The company pulled out of the
skin care center business and has closed down its last spa in Boston.Shares were up 18% after first quarter profit.Candela Corp., maker of cosmetic surgery lasers, said Tuesday fiscal
first-quarter profit jumped 46 percent on a surge in revenue and a gain of just
over $3.5 million from the sale of a minority interest in SOLX Inc.The company earned $4.4 million, or 18 cents per share during the first quarter
of its 2006 fiscal year, compared with earnings of $3 million, or 13 cents per
share, a year ago. Analysts polled by Thomson Financial expected profit of 5
cents per share.Revenue jumped 19 percent to $33.5 million from $28.1 million. Analysts expected
revenue of $31.3 million.Gerard E. Puorro, president and chief executive, said, "We have set our goals
for the full year at 15 percent to 18 percent top line growth, and operating
profits at 15 percent to 18 percent
LifeCell Corporation
25.10.06 21:32 Uhr
23,85 USD
-25,09 % [-7,99]
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25.10.06 21:32
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277,73 Mio.
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14 Mio.
LifeCell Reports Third Quarter 2006 Financial Results Product Revenues Up 45% Compared to 2005
BRANCHBURG, N.J., Oct 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- LifeCell
Corporation (Nasdaq: LIFC) today reported financial results for the third
quarter ended September 30, 2006. Paul Thomas, President and Chief Executive
Officer, will host a conference call today at 10:00 a.m. Eastern to discuss
third quarter 2006 financial results and expected financial performance for full
year 2006.Third Quarter 2006 ResultsProduct revenues for the third quarter were $35.1 million, up 45%, compared to
$24.3 million reported for the same period in 2005. The increase in product
revenues was primarily due to a significant increase in demand for the Company's
flagship reconstructive surgical product, AlloDerm(R) Regenerative Tissue
Matrix, which increased 55% to $29.9 million in the current quarter compared to
$19.3 million in the third quarter of 2005. Orthopedic product revenues, which
include Graft Jacket(R) and AlloCraft(TM)DBM, increased to $2.4 million in the
quarter from $2.0 million in the third quarter of 2005. GraftJacket(R)
represented $2.0 million of orthopedic product revenues in the quarter compared
to $1.5 million in the prior year quarter. Repliform(R) revenues increased in
the quarter to $2.0 million from $1.8 million in the same quarter in 2005.Operating income for the third quarter of 2006 increased 144% to $8.7 million
compared to operating income of $3.6 million in the third quarter of 2005.
Effective January 1, 2006, the Company adopted Statement of Financial Accounting
Standards No. 123R, "Share-Based Payment," ("SFAS 123R") which requires the
measurement and recognition of compensation expense for all share-based payment
awards made to employees and directors, based on estimated fair values. The
Company elected to adopt the modified prospective transition method as provided
by SFAS 123R and, accordingly, prior year results have not been restated.
Share-based compensation expense recognized for the three months ended September
30, 2006 was $2.6 million compared to $677,000 recognized in the third quarter
of 2005. The increase in 2006 was primarily associated with the expensing of
stock options under SFAS 123R. Additionally, prior year third quarter operating
results were negatively impacted by $1.9 million of pre-tax charges associated
with a previously announced product recall.Net income for the third quarter of 2006 was $5.1 million, or $0.15 per diluted
share, compared to net income of $2.5 million, or $0.07 per diluted share in the
third quarter of 2005. As noted above, since the Company adopted the provisions
of SFAS 123R on a prospective basis, we did not adjust prior year reported
results. If share-based compensation expense for the third quarter of 2005 had
been recorded under the fair value recognition provisions of Statement of
Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation" ("SFAS 123"), adjusted net income would have been $1.9 million, or
$0.06 per diluted share. A reconciliation of reported net income to adjusted net
income is included in the attached financial tables. During the prior year third
quarter the Company also recognized a non-cash income tax benefit of $185,000.Year-To-Date 2006 ResultsProduct revenues for the first nine months of 2006 were $101.3 million, up 53%,
compared to $66.3 million reported for the same period in 2005. The increase in
product revenues was primarily due to a significant increase in demand for
AlloDerm(R) Regenerative Tissue Matrix, which increased 65% to $85.5 million in
the first nine months of 2006 compared to $51.8 million in the first nine months
of 2005. Orthopedic product revenues increased to $6.9 million in the first nine
months from $5.8 million in the first nine months of 2005. GraftJacket(R)
represented $5.8 million of orthopedic product revenues in the first half of
2006 compared to $4.6 million in the prior year. Repliform(R) revenues increased
in the first nine months to $6.0 million from $5.1 million in the same period in
2005.Operating income for the first nine months of 2006 increased 97% to $23.9
million compared to operating income of $12.1 million in the first nine months
of 2005. Share-based compensation expense recognized for the first nine months
of 2006 was $6.5 million compared to $677,000 recognized in the first nine
months of 2005. The increase in 2006 was primarily associated with the expensing
of stock options under SFAS 123R. Additionally, operating results for the nine
months ended September 30, 2005 included $1.9 million of pre-tax charges
associated with a previously announced product recall.Net income for the first nine months of 2006 was $14.2 million, or $0.42 per
diluted share, compared to net income of $8.2 million, or $0.25 per diluted
share in the first nine months of 2005. As noted above, since the Company
adopted the provisions of SFAS 123R on a prospective basis, prior year reported
results were not restated. If share-based compensation expense for the first
nine months of 2005 had been recorded under fair value recognition provisions of
SFAS 123, adjusted net income would have been $6.5 million, or $0.20 per diluted
share. A reconciliation of reported net income to adjusted net income is
included in the attached financial tables. Net income for the nine months ended
September 30, 2005 was favorably impacted by the recognition of $481,000 of
non-cash income tax benefits.LifeCell's balance sheet remains strong with $69.4 million of cash and
investments and no debt at September 30, 2006. During the first nine months of
2006, the Company generated cash flow from operating activities of $23.3
million, offset by $9.1 million used for capital expenditures. Additionally, the
Company received net proceeds of $2.9 million from the exercise of stock
options.Full Year 2006 Financial OutlookBased on the Company's third quarter 2006 operating results and expectations for
the remainder of 2006, the Company now anticipates product revenues for full
year 2006 in the range of $138.0 million to $140.0 million, compared to the
previously announced range of $143.0 million to $148.0 million. The revised
product revenue range represents anticipated annualized growth between 48% and
50% compared with 2005 product revenues of $93.3 million. The Company expects
its product revenue mix in 2006 to be approximately 88% reconstructive, 6%
orthopedic and 6% urogynecology.The Company expects full year 2006 operating income to be in the range of $32.5
million to $33.5 million compared to the previously announced range of $34.0
million to $36.0 million.Diluted net income per share is expected to be in the range of $0.57 to $0.59,
including expected share-based compensation of approximately $0.19 per share.
The Company's previously announced range for diluted net income per share was
$0.59 to $0.63.
Amazon.com, Inc.
25.10.06 21:48 Uhr
37,671 USD
+12,02 % [+4,041]
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Börse
NASDAQ
Aktuell
37,671 USD
Zeit
25.10.06 21:48
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+12,02 %
Tages-Vol.
1,53 Mrd.
Gehandelte Stück
44 Mio.
www.MarketGainer.com: Administers Coverage of Timex.
Oct 25, 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. Today's activity on the NASDAQ exchange has brought Timex
(NASDAQ: AMZN) to the attention of our research team Our goal is to create a
community of international investors who consistently and effectively capitalize
on the enormous gains the small-cap Canadian and American exchanges offer.Timex is pleased to announce the launch of the all new Timex.com, an e-commerce
site powered by Amazon Enterprise Solutions that provides consumers a quick,
easy, and world class watch buying experience.The new and improved e-commerce platform features several upgrades making the
task of browsing for and buying a Timex easier than ever for consumers. New
features include a gift finder searchable by occasion, a comparison feature
where savvy shoppers can compare the details of up to five watches at a time,
and a "quick browse" function, which allows users to search by size, type, strap
style or price."Timex is excited to enter a new era of e-commerce for our company; one which
provides a fast, easy, and satisfying transaction for every visitor to the
site," says Timex CIO, Ross Kudwit.Timex will use the Amazon Enterprise Solutions to power its new online offering.
Since April, Amazon Enterprise Solutions has been developing a Timex-branded Web
site backed by Amazon technology and e-commerce expertise. Amazon Enterprise
Solutions will host the Timex Web site and use Amazon's technology to give Timex
complete control over their brand, the customer experience, and their online
business."Timex has worked diligently with Amazon Enterprise Solutions to develop and
manage a new online offering for its customers," said Amazon Enterprise
Solutions Vice President Wes Herman. "The launch of the all-new Timex.com should
be a Web experience for Timex and its customers that is unsurpassed in the watch
business."In addition to the e-commerce portion of Timex.com, the site also links to
corporate information and company background, as well as external sites for the
Timex MultiSport Team Blog and the Timex Museum."Timex.com has evolved into a truly multipurpose site," said Gary Druckenmiller,
director of Timex.com and e-business, "because Timex is such an iconic brand,
with a loyal following, it is important that the site be a one-stop Web
destination where fans of the brand can find everything they need."About TimexFounded in 1854, Timex is a privately owned company with sales in over 80
countries and offices around the world. With more than one billion watches
bearing the Timex brand sold world-wide, the Timex Corporation has been
providing innovative, well-designed, and reliable timepieces for over 150 years.About Amazon Enterprise Solutions.Amazon Enterprise Solutions works with retailers to help grow their online and
multi-channel businesses. By working with Amazon Enterprise Solutions, retailers
can combine their own brands with the e-commerce expertise, proven technology,
and operational infrastructure of Amazon to create a world-class online shopping
experience for their customers. Amazon Enterprise Solutions is part of the
Amazon.com, Inc. (Nasdaq: AMZN) group of companies
DIGITAL ANGEL CORP
25.10.06 21:51 Uhr
3,05 USD
+21,51 % [+0,54]
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Börse
AMEX
Aktuell
3,05 USD
Zeit
25.10.06 21:51
Diff. Vortag
+21,51 %
Tages-Vol.
13,02 Mio.
Gehandelte Stück
3,9 Mio.
Digital Angel Corporation Awarded Patent for Breakthrough Glucose-Sensing RFID Microchip Implantable Microchip Allows Diabetics to Accurately and Conveniently Monitor Glucose Concentration Levels
SOUTH ST. PAUL, Minn., Oct 25, 2006 (BUSINESS WIRE) -- The U.S. Patent and
Trademark Office has granted Digital Angel Corporation (AMEX: DOC) a patent for
its syringe-implantable glucose-sensing RFID microchip, Digital Angel announced
today. The RFID microchip measures the glucose concentration levels of diabetic
patients and will be marketed and distributed by Digital Angel's sister company,
VeriChip, as an extension to the company's products benefiting people."A glucose-sensing microchip could profoundly impact the 230 million people
worldwide living with diabetes," said Digital Angel CEO and President, Kevin
McGrath. "Patent approval for this RFID microchip is a major step in bringing
this life-altering technology to market. It also underscores Digital Angel's
commitment to innovation, product development and rapid growth."Checking blood glucose levels regularly is critical to properly managing
diabetes. The conventional method - a finger prick - is invasive, painful and
often inaccurate. The implantable bio-sensor chip has a passive transponder,
glucose sensor and integrated circuitry that allow anyone implanted with the
microchip to painlessly scan it to determine their level of glucose
concentration. The RFID microchip quickly and accurately transmits the glucose
data back to a wireless scanner that displays the glucose level. The RFID
microchip is powered by the scanner signal, avoiding the need for a battery in
the microchip."This is a landmark development in the world of diabetes management," said Dr.
Joseph Feldman, Chairman of the Emergency/Trauma Department of Hackensack
University Medical Center. "The current process for monitoring blood sugar
levels is painful, cumbersome and discouraging, and especially burdensome for
the young and the elderly. By having this technology, the process becomes
effortless. This glucose-sensing RFID microchip is the next great step in
implantable microchip technology."Digital Angel, a leading producer of electronic tags for livestock, pets, fish
and humans, foresees expansion beyond the human market for the glucose-sensing
RFID microchip. According to the company, diabetes is a major disease issue in
animal livestock today. As a result, the glucose-sensing RFID microchip could
have an equally significant impact in monitoring the glucose levels in livestock
animals."We recognize that extensive work is required to commercialize this product,
including the time and investment required for development, clinical trials and
FDA approval," said McGrath. "Still, we view this as an incredibly important
advancement in the world of diabetes management."Digital Angel is seeking international patent protection covering the same
glucose-sensor RFID technology. The company, in conjunction with VeriChip
Corporation, its exclusive licensee in the area of human implantable
identification products, is in the process of naming this product.The patent, No. 7,125,382 was granted on October 24, 2006 and is titled
"Embedded Bio-Sensor System."About Digital Angel CorporationDigital Angel Corporation develops and deploys sensor and communications
technologies that enable rapid and accurate identification, location tracking,
and condition monitoring of high-value assets. Applications for the Company's
products include identification and monitoring of humans, pets, fish, poultry
and livestock through its patented implantable microchips; location tracking and
message monitoring of vehicles and aircraft in remote locations through systems
that integrate GPS and geosynchronous satellite communications; and monitoring
of asset conditions such as temperature and movement, through advanced miniature
sensors.Digital Angel Corporation is majority-owned by Applied Digital Inc.
(Nasdaq: ADSX) For more information about Digital Angel, please visit
www.DigitalAngelCorp.com.
Die Sorgen der Öl-Konzerne
Von einer Krise will man in der Öl-Industrie mit Sicherheit nicht sprechen. Doch hat mit ConocoPhilips der erste Energieriese die Quartalserwartungen verfehlt, und weitere Enttäuschungen dürften folgen. Ein Blick hinter die Bilanzen zeigt: Die goldenen Jahre der Branche dürften bereits zu Ende gehen.
Dabei ist es nicht allein der Ölpreis, der der Branche Sorgen macht. Der hat zwar in den letzten Wochen deutlich nachgelassen und notiert aktuell fast 25 Prozent unter seinem Allzeit-Hoch von fast 80 Dollar pro Fass. Doch liegt der Durchschnittspreis für das dritte Quartal noch immer um 12 Prozent über dem des Vorjahresquartals.
Und doch gehen die Gewinne der Konzerne zurück, wie sich bei ConocoPhilips zeigt. Das Unternehmen blickt für die vergangenen drei Monate auf einen Gewinneinbruch um immerhin 15 Prozent und verfehlt damit die Prognosen. Das ist nur zum Teil auf die kurzzeitigen Produktionsausfälle zurückzuführen, die das Unternehmen wegen eines Schadens an der Alaska-Pipeline hinnehmen musste, die man gemeinsam mit BP betreibt. Auch die höheren Produktionskosten allein reichen nicht aus, die schwachen Zahlen zu begründen.
Vielmehr kämpft das Unternehmen mit einem deutlichen Einbruch bei den Erdgas-Preisen. Der hängt vor allem damit zusammen, dass die Förderung im Golf von Mexiko wieder läuft, die im letzten Jahr nach dem Hurrikan Katrina stark gelitten hatte und für mehrere Monate ganz ausgefallen war. Erdgas macht etwa ein Drittel des Umsatzes bei vielen Unternehmen aus, die gemeinhin als Öl-Riesen erklärt werden.
Zu denen gehört natürlich auch ExxonMobil, und der Branchenriese wird am Donnerstag Zahlen vorlegen. Zwar ist vorher nicht abzusehen, ob das Unternehmen die Erwartungen erfüllen wird oder nicht, doch sind diese schon deutlich geringer als die Ergebnisse der vergangenen Quartale hätten erwarten sollen. Immerhin: Vor weniger als einem Jahr verbuchte das Dow-notierte Unternehmen mit einem Gewinn von 10,7 Milliarden Dollar den höchsten Quartalsgewinn, den je ein Unternehmen melden konnte.
Für das abgelaufene Quartal rechnen Anleger noch mit einem Gewinn von 9,7 Milliarden Dollar. Neben den niedrigeren Gaspreisen ist für den Einbruch noch eine weitere Ausgabe verantwortlich: eine Sondersteuer. In den USA mit ihrer Öl-nahen Regierung konnten Exxon & Co. eine solche Abgabe zwar bisher verhindern, nicht aber im Ausland. Großbritannien kassiert mehr denn je für die Öl-Förderung in der Nordsee, und im abgelaufenen Quartal mussten die Unternehmen zum ersten Mal zahlen.
Davon besonders betroffen war natürlich BP, wo man auch den größten Teil der Produktionseinbußen nach dem Alaska-Leck einstecken musste. Entsprechend schwach waren die Zahlen des Konzerns. Ob künftig auch für die Förderung im Golf von Mexiko mehr gezahlt werden muss, oder ob Konzerne nach den Rekordjahren höhere Gewinnsteuern auch in den USA abführen liegt unter anderem am Ausgang einer in zwei Wochen anstehenden Wahl für den US-Kongress. Die Republikaner drohen die Mehrheit in beiden Kammern zu verlieren, was die Öl-Branche nach einigen regierungsnahen Jahren Einfluss kosten dürfte.
Verkaufssignale sehen Analysten in den jüngsten Zahlen aus der Ölbranche deshalb aber nicht. Der Ölpreis ist noch immer höher als im historischen Mittel, das Produktionswachstum ist ansehnlich.
Lars Halter
Wall Street News Alert: SORD Is Thursday's Stock to Watch! October 26, 2006 NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL, Oct 26, 2006 (MARKET WIRE via COMTEX) -- Wall Street News Alert's
"stocks to watch" this morning are:
Southridge Enterprises Inc. (OTCBB: SORD),
Norfolk Southern Corp. (NYSE: NSC),
Eagle Rock Energy Partners, L.P. (NASDAQ:
EROC) and
FPL Group, Inc. (NYSE: FPL).
What do Southridge Enterprises Inc. (OTCBB: SORD),
Bill Gates, Sir Richard Branson and Wal-Mart have in common? They all see Ethanol as a promising "fuel
of the future!" Gates allocated $84 million into a publicly listed ethanol
company. Branson has stated that he plans to invest $300 to $400 million to
produce and market Ethanol and Wal-Mart announced that it is considering
offering corn-based ethanol at its 383 gas stations throughout the U.S.Where does Southridge Enterprises fit in? The company may begin to appear on the
screens of aggressive investors and day traders! Yesterday after the stock
markets closed, the company, a renewable energy company with a mission to become
the ethanol producer of choice in the southeastern region of the United States,
issued a press release announcing the appointment of Robert Hamlin to the
Company's Board of Directors.This should be a good move on the part of the company and could get the
attention of investors! Robert Hamlin is the Chief Executive Officer and
majority owner of Agri Systems, a leading U.S. ethanol consulting and
engineering firm. Mr. Hamlin has been using his specialized expertise in process
design, engineering and industrial construction to build and start-up the
operations of ethanol plants since 1993. The scope of Mr. Hamlin's project
management experience spans over 30 years and extends to financial operations,
sales and the direction of legal and contractual efforts. Under his management,
Mr. Hamlin has led the design, engineering, and construction for many industrial
projects in addition to ethanol plants such as feed processing facilities, large
commercial grain handling, food grade and wood processing plants, power plants
and cement terminals.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the
progress of Southridge Enterprises! According to Southridge President Alex Smid,
"We are very pleased to attract such a high caliber individual to our Board. Mr.
Hamlin has been a pioneer in support of ethanol as a renewable fuel source for
many years and continues to be a leader in the construction of ethanol plants
today. He is an expert at designing, coordinating and monitoring all of the
operating elements of a plant to ensure the efficient production of ethanol. We
expect to receive valuable counsel from Mr. Hamlin's extensive experience as we
continue to promote the growth of the ethanol industry and build shareholder
value with the expansion of Southridge."Prior to the latest press release, the stock closed yesterday at $1.57 a share.
Southridge Enterprises is a
renewable energy company with a mission to become the ethanol producer of choice
in the southeastern region of the United States. The Company is focusing its
efforts in an area which offers abundant supplies of corn, superior
transportation infrastructure and expedited permitting processes. The Company is
actively acquiring and developing ethanol production facilities with a planned
capacity of 60 million gallons per year and anticipates start-up of the first
phase of these operations in 2007. Southridge Enterprises is headquartered in
Dallas, Texas.
Norfolk Southern Corporation (NYSE: NSC) up 10.1% on 10.2 million shares traded.
Norfolk Southern Corporation is one of the nation's premier transportation
companies.
Eagle Rock Energy Partners, L.P. (NASDAQ: EROC) down 5.2% on 5.8 million shares
traded. Eagle Rock Energy Partners, L.P. is a growth-oriented midstream energy
partnership engaged in the business of gathering, compressing, treating,
processing, transporting and selling natural gas and fractionating and
transporting natural gas liquids in Texas and Louisiana.
FPL Group, Inc. (NYSE: FPL) up 3.3% on 15.7 million shares traded. FPL Group's
competitive energy subsidiary is a leader in producing electricity from clean
and renewable fuels.
Market Pulse Announces Its Hot Stock Alerts for Thursday, October 26, 2006: EGYF, XOM, GNBT, SIRI NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.
ATLANTA, GA, Oct 26, 2006 (MARKET WIRE via COMTEX) -- Market Pulse is pleased
to introduce our featured stock,
Energy Finders, Inc. (PINKSHEETS: EGYF), to the
investment community! Energy Finders is new to Market Pulse and is poised to
become a significant player in the oil and gas industries! EGYF just had
excellent news out in a press release before today's opening bell announcing
their prospect project is projected to contain more than 48 million barrels of
recoverable oil, per each 640 acres! This could be great news for investors!
Other notable stocks that should be watched because they look great lately from
a fundamental and technical perspective include:
Exxon Mobil Corp. (NYSE: XOM) : Market OutperformGenerex
Biotechnology Corp. (NASDAQ: GNBT) : Attractive
Sirius Satellite Radio Inc. (NASDAQ: SIRI) : Bearish
Recommendation MeaningsThese recommendations are investment opinions of Market-Pulse.com and reflect
the stock's potential to move over the next one to four weeks of trading. This
analysis is done from a technical and fundamental perspective.
After Wednesday's Bell Market CommentaryOn Wednesday, light sweet crude for December delivery climbed $2.05 to settle at
$61.40 a barrel. The Federal Reserve's Open Market Committee kept the nation's
benchmark rate unchanged at 5.25 percent for a third straight meeting. The
Chicago Fed reported that its National Activity Index fell to its lowest
readings in 11 months in August. The National Association of Realtors reported
that existing home sales declined 1.9 percent to a seasonally adjusted sales
pace of 6.18 million units, marking the slowest sales rate since January 2004.
The Dow rose 6.80, or 0.06 percent, to 12,134.68. The Nasdaq composite index
rose 11.75, or 0.50 percent, to 2,356.59. The Standard & Poor's 500 index
rose 4.84, or 0.35 percent, 1,382.22, putting it at a nearly six-year high. The
Russell 2000 index was up 4.72, or 0.62 percent, at 767.15.
NAVTEQ CORP
26.10.06 20:20 Uhr
34,65 USD
+19,69 % [+5,70]
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Börse
NYSE
Aktuell
34,65 USD
Zeit
26.10.06 20:20
Diff. Vortag
+19,69 %
Tages-Vol.
128,48 Mio.
Gehandelte Stück
3,9 Mio.
NAVTEQ Reports Record Revenue for Third Quarter of 2006
CHICAGO, Oct 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- NAVTEQ Corporation
(NYSE: NVT), a leading global provider of digital map data for vehicle
navigation and location-based solutions, today reported record third quarter
revenue for the quarter ended October 1, 2006.Revenue in the quarter rose 16% over the third quarter of 2005 to $142.7
million. Operating income grew 22% over the year-ago period to $37.0 million.
Net income in the quarter was $27.1 million, compared to $101.1 million in the
prior year's third quarter. Diluted earnings per share for the quarter were
$0.28, compared to $1.07 in the prior year's third quarter.For the first nine months of 2006, revenue was $400.9 million, which represented
growth of 14% over the same period in 2005. Year-to-date operating income
decreased 2% to $90.9 million. Net income for the first nine months of 2006
decreased to $67.0 million, compared to $143.2 million for the same period in
2005. Year-to-date diluted earnings per share were $0.70, compared to $1.52 for
the first nine months of 2005.Last year's net income and diluted earnings per share for both the third quarter
and the first nine months were increased significantly due in large part to the
recording of a net income tax benefit of $80.6 million, or $0.85 per diluted
share, primarily related to the reversal of a valuation allowance on deferred
tax assets associated with net operating loss and deferred interest
carryforwards."We are pleased with our third quarter results given the challenges we have
faced in 2006," said Judson Green, President and Chief Executive Officer of
NAVTEQ. "Solid third quarter revenue performance and effective cost management
helped to drive improved margins and profit growth. We expect to continue this
trend as the year comes to a close."Revenue from NAVTEQ's Europe, Middle East & Africa (EMEA) operations totaled
$85.2 million in the quarter, up 10% from the third quarter of 2005. The average
U.S. dollar/Euro exchange rate in the second quarter was $1.27, compared to
$1.22 in the comparable period last year. Americas revenue was $56.1 million in
the quarter, a 31% increase over the $42.7 million posted in the third quarter
of 2005. Asia Pacific revenue, principally derived from the company's Picture
Map International subsidiary in South Korea acquired in July 2005, was $1.4
million, compared to $3.1 million in the prior year.Cash and marketable securities totaled $278.7 million at October 1, 2006. Net
cash provided by operating activities for the first nine months of 2006 was
$62.6 million.Business OutlookOur 2006 financial performance is being negatively impacted by a number of
factors, including unfavorable car sales trends in both Europe and North
America, lower than expected revenue relating to portable devices in Europe, and
the collectibility of a customer receivable. Due to the impact of these factors,
management is updating its guidance on 2006 financial performance.The following forward-looking statement reflects NAVTEQ management's
expectations as of October 25, 2006. For the fiscal year 2006, NAVTEQ expects
revenue in the range of $565 million to $580 million and earnings per diluted
share of $1.10 to $1.16, assuming an average annual U.S. dollar/Euro exchange
rate of $1.25 and average diluted shares outstanding of 95.7 million.
Renovis, Inc.
26.10.06 20:42 Uhr
3,75 USD
-73,59 % [-10,45]
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Börse
NASDAQ
Aktuell
3,78 USD
Zeit
26.10.06 20:42
Diff. Vortag
-73,38 %
Tages-Vol.
112,67 Mio.
Gehandelte Stück
38 Mio
Renovis Reports Third Quarter 2006 Financial Results --Conference Call Scheduled for 8:30 a.m. EDT on October 26, 2006--
SOUTH SAN FRANCISCO, Calif., Oct 26, 2006 /PRNewswire-FirstCall via COMTEX/ --
Renovis, Inc. (Nasdaq: RNVS), a biopharmaceutical company focused on the
discovery and development of therapeutics in the areas of neurological and
inflammatory disease, today announced financial results for the third quarter
ended September 30, 2006."We ended the third quarter in a strong financial position with $104.7 million
in cash and cash equivalents," said Corey S. Goodman, Ph.D., President and Chief
Executive Officer of Renovis. "In the wake of the previously announced results
from the SAINT II trial that led to a decision by AstraZeneca to discontinue
development of NXY-059, we remain focused on advancing our internal research
programs in neurological and inflammatory diseases and our collaborations with
Pfizer and Genentech, while continuing to explore additional opportunities to
build our pipeline."Results for the Third Quarter and First Nine Months of 2006Revenue for the third quarter and nine months ended September 30, 2006, was $2.2
million and $8.3 million compared to $2.7 million and $4.0 million,
respectively, during the corresponding periods in 2005. The decrease in revenue
during the third quarter of 2006 compared to the third quarter of 2005 resulted
from the completion of the funded research period under our agreement with
Genentech in February 2006. The increase in revenue during the nine months ended
September 30, 2006 resulted from our collaboration with Pfizer to discover and
develop VR1 antagonists for pain and other indications, which began during the
second quarter of 2005. We recorded $2.2 million in revenue each quarter in 2006
for research support and amortization of the up-front license fee under the
agreement with Pfizer. In addition, we recorded $1.5 million in revenue during
the second quarter of 2006 when Pfizer nominated a product candidate for
IND-enabling studies, which was a specified milestone under our agreement.Research and development expenses for the quarter and nine months ended
September 30, 2006 were $6.9 million and $20.7 million, respectively, compared
to $7.1 million and $23.6 million during the same periods in 2005. The decrease
in research and development expenses primarily reflects lower clinical
development expenses as a result of our decisions to end two clinical
development programs in 2005. This decrease was partially offset by additional
investments in our preclinical programs in the areas of neurological and
inflammatory diseases as well as the effect of our adoption, on January 1, 2006,
of Statement of Financial Accounting Standards No. 123R, Share-Based Payment
(SFAS 123R).General and administrative expenses for the quarter and nine months ended
September 30, 2006 were $4.0 million and $11.6 million, respectively, compared
to $2.4 million and $7.7 million during the same periods in 2005. The increase
in general and administrative expenses was primarily attributable to increased
non-cash stock compensation expense associated with our adoption of SFAS 123R.
We also incurred additional compensation expense associated with new hires in
our legal, corporate development and human resources functions although these
increases were accompanied by a decrease in professional fees for legal and
other administrative activities.Other income, which consists primarily of interest income, was $1.3 million and
$3.7 million during the quarter and nine months ended September 30, 2006
respectively, compared with $0.5 million and $1.1 million during the
corresponding periods in 2005. The increases resulted from the effects of higher
cash and investments balances and higher interest rates. Our cash and
investments balances were higher during the 2006 periods as a result of a public
offering we completed in September 2005 that raised net proceeds of $50.4
million.Net loss for the third quarter of 2006 was $7.4 million, or $0.25 per share,
compared to $6.3 million, or $0.25 per share, for the third quarter of 2005. Net
loss for the nine months ended September 30, 2006 was $20.4 million, or $0.70
per share, compared to $26.3 million, or $1.06 per share, for the corresponding
period in 2005.As of September 30, 2006, Renovis had $104.7 million in cash, cash equivalents
and short-term investments.2006 Financial GuidanceFinancial projections involve a high level of uncertainty due to, among many
factors, the variability involved in predicting requirements of early-stage
research programs, the potential for Renovis to enter into new licensing
agreements or strategic collaborations and share-based compensation expense. For the year ending December 31, 2006, the Company presently anticipates: -- Total contract revenue of $10.0 million to $10.5 million; and -- Total operating expenses of $43.0 million to $48.0 million, including $10.0 million to $12.0 million in share-based compensation expense to be recognized in accordance with SFAS 123R.
HARMAN INTL INDS
26.10.06 20:48 Uhr
105,67 USD
+19,71 % [+17,40]
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Börse
NYSE
Aktuell
105,67 USD
Zeit
26.10.06 20:48
Diff. Vortag
+19,71 %
Tages-Vol.
325,32 Mio.
Gehandelte Stück
3,2 Mio
Harman International Reports Record First Quarter Results
WASHINGTON, Oct 25, 2006 (BUSINESS WIRE) -- Harman International Industries,
Incorporated (NYSE:HAR) today announced record results for the first quarter
ended September 30, 2006. Net sales for the three months were $825.5 million, a
9 percent increase compared to last year. Operating income for the quarter
increased 11 percent to $86.9 million. Earnings per diluted share were $0.85
compared to $0.79 during the same period last year, an increase of 8 percent.Automotive sales for the first quarter were $601.0 million, an increase of 16
percent versus the same period a year ago. Professional sales increased 7
percent to $131.4 million. Consumer sales were $93.1 million compared to $111.4
million during the same quarter last year.Dr. Sidney Harman, Executive Chairman, and Bernard Girod, Vice Chairman and
Chief Executive Officer, commented:"We achieved record results during the first quarter of fiscal 2007. Automotive
performed very well while continuing to make substantial investments in
infotainment systems development. Professional's strong quarter is indicative of
increasing market acceptance of the new products integrating the HiQnet
protocol. First quarter results for the Consumer Group were below expectations.
However, we expect the group to return to solid profitability in the second
quarter.We reiterate our expectation for earnings of $4.35 per diluted share in fiscal
2007."At 4:30 p.m. EDT today, Harman International will host an analyst and investor
conference call to discuss the results for the three months ended September 30,
2006 and to offer management's outlook for future periods. To participate in the
conference call, please dial (800) 230-1093 or for international calls dial
(612) 288-0340 prior to 4:30 p.m. EDT. Please let the operator know that you
would like to join the Harman International call.A replay of the conference call will be available following the completion of
the call at approximately 8:00 p.m. EDT. The replay will be available through
November 1, 2006. Please call (800) 475-6701 to access the replay. For
international calls please call (320) 365-3844. The access code number is
845306.AT&T will also be web-casting the presentation. The web-cast can be accessed at
http://65.197.1.5/att/confcast, enter the Conference ID: 845306, then enter a
pass code: Harman and click Go. There will also be a link to the web-cast at
www.harman.com. Participation through the web-cast will be in listen-only mode
Harman International Industries, Incorporated (www.harman.com) is a leading
manufacturer of high-quality, high-fidelity audio products and electronic
systems for the automotive, consumer and professional markets. The Company's
stock is traded on the New York Stock Exchange under the symbol: HAR.Note: Except for historical information contained herein, the matters discussed
are forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act. You should not place undue reliance on these
statements. We base these statements on particular assumptions that we have made
in light of our industry experience, as well as our perception of historical
trends, current market conditions, current economic data, expected future
developments and other factors that we believe are appropriate under the
circumstances. These statements involve risks and uncertainties that could cause
actual results to differ materially from those suggested in the forward-looking
statements, including but not limited to the effect of changes in consumer
confidence, a rise in interest rates affecting consumer spending, automobile
industry sales and production rates, the loss of one or more significant
customers, including our automotive customers, model-year changeovers and
customer acceptance in the automotive industry, our ability to satisfy contract
performance criteria, availability of key components to the products we
manufacture, competitive products, customer acceptance of our consumer and
professional products, fluctuations in currency exchange rates, the outcome of
pending or future litigation and other claims, labor disputes at our facilities
and those of our customers or common carriers, general economic conditions and
other risks detailed in filings made by Harman International with the Securities
and Exchange Commission.
Red Hat, Inc.
26.10.06 20:59 Uhr
14,37 USD
-26,35 % [-5,14]
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Börse
NASDAQ
Aktuell
14,37 USD
Zeit
26.10.06 20:59
Diff. Vortag
-26,35 %
Tages-Vol.
1,24 Mrd.
Gehandelte Stück
96 Mio
Industry giant takes on Red Hat
Oct 26, 2006 (The News & Observer - McClatchy-Tribune Business News via COMTEX)
-- For years, Red Hat has dominated mostly unknown software rivals.But today, the Raleigh-based company begins competing against an opponent 50
times its size.Oracle, one of the world's largest software companies, announced Wednesday that
it will distribute its own version of Red Hat's Linux operating system and
undercut the prices Red Hat charges for support services.The technology community had speculated for months that Oracle, which sells
databases and other business software, would start offering services for Linux.
They didn't expect the software giant to use Red Hat's own product against it,
said Rob Enderle, principal analyst with The Enderle Group, a technology
consulting firm."Holy crud. That is incredible," Enderle said. "This is easily the biggest
challenge Red Hat has ever faced."One of Red Hat's major obstacles until now has been convincing corporate
customers of the credibility and reliability of its open-source software, which
is developed collaboratively by amateurs and professionals around the world.The thirteen-year-old company was a pioneer in giving away the software and
charging for support services, such as patches and updates.Red Hat's business has been growing at a rapid pace, with revenue up 42 percent
in 2006 to $278.3 million. The company has become the world's largest
distributor of the open-source Linux operating system.But Oracle competes on a different scale. The company generated $14.4 billion in
revenue in its most recent fiscal year, has a "scary-good" sales force and has
developed a high level of service capable of supporting even the largest
companies, Enderle said."This could easily become the premier distribution for Linux," he said.In contrast, analysts from Jefferies & Co. wrote Oct. 13 that if Oracle
introduced a Linux operating system, they don't think "market share gains ...
will be automatic."Still, Red Hat shares fell as much as $3.35 in after-hours trading Wednesday.
The stock closed up 10 cents to $19.51 in regular trading before Oracle's news.The announcement late Wednesday left Red Hat scrambling to respond."The open-source pie just got bigger," spokeswoman Leigh Day said in a prepared
statement. "The announcement today really validated open-source and Red Hat and
our technical leadership. We're going to continue to compete on innovation and
value."In the company's most recent quarter, 99 of 100 customers renewed their
subscriptions with Red Hat, she said. Day declined to give specifics on how the
company will compete.Enderle said Red Hat's best chance of competing against Oracle is to merge with
a larger company that can provide comparable service. Although customers pay Red
Hat to provide some support for its operating system, the company is too small
to provide everything its clients need, he said. That means server companies
such as Hewlett-Packard and Dell have had to bear some of the weight of
supporting Red Hat's Linux.Oracle said its "Unbreakable Linux" program will fix the bugs in past and
current versions of Red Hat's Linux without customers having to upgrade to a new
version of the software. Every time Red Hat releases a version of its software,
Oracle will synchronize its Linux and add its bug fixes, the company said in a
statement."To get Oracle support for Red Hat Linux, all you have to do is point your Red
Hat server to the Oracle network," Oracle President Charles Phillips said in the
written announcement. "The switch takes less than a minute."Oracle is already bringing its financial resources to bear. Through the end of
January, the company is offering a free trial period for its customers and a 50
percent discount for others. Oracle will give customers who switch from Red Hat
or competitor Novell credit for the remainder of their subscriptions with the
companies.Oracle's services will start as low as $99 a year and run up to $1,999 for its
highest level of support. According to Red Hat's Web site, Red Hat's Linux
support is priced from $349 to $2,499 for servers.Until now, Red Hat and Oracle have cooperated, with Oracle selling software to
run on top of Red Hat's operating system. The companies will still work
together, Day said. But in June, an acquisition put Red Hat in direct
competition with Oracle on some higher-level products.Just days after Red Hat announced its $350 million acquisition of Atlanta-based
JBoss in the spring, Oracle CEO Larry Ellison told The Financial Times that his
company was looking into introducing its own Linux-based operating system.But Wednesday's announcement has implications beyond Red Hat, as it helps Oracle
position itself against Microsoft as a broad software provider, Enderle said."This is potentially world-changing," he said. "It's big."
By Anne Krishnan
Affymetrix, Inc.
26.10.06 21:12 Uhr
26,80 USD
+18,27 % [+4,14]
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Börse
NASDAQ
Aktuell
26,80 USD
Zeit
26.10.06 21:12
Diff. Vortag
+18,27 %
Tages-Vol.
149,55 Mio.
Gehandelte Stück
6 Mio
(NASDAQ: AFFX) For the six months ended 30 June 2006, Affymetrix, Inc.'s
revenues decreased 4% to $166.5M. Net loss totaled $8.2M, vs. an income of $26M.
Revenues reflect a decrease in sales from product related revenues. Net loss
reflects higher cost of product related revenue, higher cost of product sales,
an increase in selling, general & administrative expenses, higher research &
development expenses and an increase in cost of revenue.
26.10.2006 21:14
Oracle sieht sich gut für weiteres Wachstum positioniert
Von Mark Boslet
Dow Jones Newswires
SAN FRANCISCO (Dow Jones)--Die Oracle Corp (Nachrichten/Aktienkurs) sieht sich gut positioniert, um bei Anwendungs-Software weiter zu wachsen. Das Wettbewerbsumfeld für Oracle verändere sich, der Konzern trete bei immer mehr Ausschreibungen gegen die SAP AG an, sagte am Donnerstag der Senior Vice President John Wookey auf einer Analystenkonferenz. Und die Quote der gewonnenen Aufträge erhöhe sich.
Weiter sagte der Manager, der Softwarekonzern stehe zu seinem Wort, bis 2008 eine integrierte Softwarelösung unter dem Namen "Fusion" auf den Markt zu bringen. Oracle habe bewiesen, dass sie sich den Produkten der erworbenen Unternehmen PeopleSoft, Siebel und JD Edwards verpflichtet fühle. Oracle habe dies dadurch gezeigt, dass sie neue Versionen der Software der gekauften Unternehmen angeboten habe.
Webseite: http://www.oracle.com
-Von Mark Boslet, Dow Jones Newswires, ++49 (0) 69 297 25 108,
Google Inc.
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Ein schöner Sprung hinauf!!
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JetBlue Airways Corporation
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Atheros Communications, Inc
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MSGI Security Solutions, Inc.
19.10.06 21:59 Uhr
1,9501 USD
+54,77 % [+0,6901]
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Börse
NASDAQ
Aktuell
1,9501 USD
Zeit
19.10.06 21:59
Diff. Vortag
+54,77 %
Tages-Vol.
621.046,47
Gehandelte Stück
327.878
26.10.2006 21:59
Wendy's International steigert Umsatz um 2,5 Prozent
Westerburg (aktiencheck.de AG) - Die Wendy's International Inc. (ISIN US9505901093 (Nachrichten)/ WKN 865054) hat am Donnerstag die Zahlen für das dritte Quartal 2006 vorgelegt. Dabei musste die amerikanische Fast-Food-Kette einen leichten Gewinnrückgang hinnehmen, konnte aber den Umsatz um 2,5 Prozent steigern.
Das Nettoergebnis sank demnach von 72,1 Mio. Dollar bzw. 64 Cents je Aktie auf 72,0 Mio. Dollar bzw. 61 Cents je Aktie. Die Analysten hatten im Vorfeld ein EPS von 64 Cents erwartet.
Die Umsatzerlöse stiegen um 2,5 Prozent auf nun 623 Mio. Dollar. Die Same Store-Sales erhöhten sich im dritten Quartal um 4,1 Prozent. Die Analysten hatten einen Umsatzanstieg auf 1,03 Mrd. Mio. Dollar erwartet.
Für das vierte Quartal 2006 erwarten die Analysten ein EPS von 25 Cents bei Umsatzerlösen von 634,03 Mrd. Dollar.
Für das Jahr 2007 prognostiziert Wendy's ein operatives Ergebnis von 200 bis 210 Mio. Dollar. Das EBITDA sieht der Konzern bei 330 bis 340 Mio. Dollar.
Die Aktie von Wendy's International notierte zuletzt an der NYSE bei 35,64 Dollar (+0,20 Prozent). (26.10.2006/ac/n/a)
26.10.2006 21:59
Amazon beginnt Verkauf von Autozubehör
Amazon eröffnet einen Internet-Store für Autozubehör über seine Seite. Nach Angaben des Unternehmens werden mehr als 1 Millionen neue und gebrauchte Autoteile angeboten. Über Suchfunktionen können Kunden nach rund 10.000 amerikanischen Auto und LKW-Modellen suchen.
Receptive to a Deal
By Will Swarts
October 26, 2006
Clear Channel Communications (CCU1)
Share price as of Wednesday's close: $32.35
Share price now: $35.10
Percent change: 9.7%
Volume: 20.3 million shares, daily average 2.7 million
The News
Investors dialed shares of Clear Channel Communications (CCU2) 10% higher Thursday, sending a clear signal they're in tune with the possibility of the radio conglomerate putting itself up for sale.
The San Antonio-based owner of more than 1,200 radio stations said late Wednesday that it's "evaluating various strategic alternatives to enhance shareholder value." Clear Channel hired Goldman Sachs as an adviser. It also announced it would report its third-quarter results on Monday, a week earlier than it originally planned. In a statement on its web site, the company said it wouldn't comment further unless a transaction is approved by the board.
Laura Martin, an analyst at Soleil Media Metrics, a New York equity research firm, suggested in a research note published Thursday that the deal could be as large as $30 billion. She added it stood a better chance of going forward in today's aggressive debt market, which would eagerly provide the financing. Martin upgraded the stock to Buy from Hold.
Analysts expect the company to earn 37 cents a share for the third quarter, a penny worse than a year ago. Revenues are expected to plunge to $1.8 billion from the $2.7 billion it collected in the third quarter of 2005. Full-year earnings are pegged at $1.31 a share, a 9% rise from 2005, according to earnings tracker Thomson First Call.
About 40% of Clear Channel's 2006 estimated revenue comes from its 90% stake in Clear Channel Outdoor (CCO3), its billboard business, which began trading as a separate listing last November.
Conventional media businesses, from television and radio broadcasters to newspaper chains and magazine publishers, are confronting tectonic shifts in their industry revenue models as their audience strays to online and digital content. The resulting choppiness in ad revenues is prompting some companies to seek deep-pocketed buyout firms to take them private. Away from Wall Street's scrutiny, these private companies can have a better chance of reverting to being steady earners that aren't constantly trying to wring out quarterly growth to satisfy baying shareholders.
Emmis Communications (EMMS4) Chairman Jeff Smulyan in May made a $567 million bid to take Emmis private, but he pulled the offer off the table this summer after failing to agree to a deal with the board.
The Analysis
Private ownership with the backing of a leveraged-buyout firm makes plenty of sense for Clear Channel in the abstract, says one private-equity expert. Analysts who track the radio giant remain divided about whether such a deal will come to fruition, or even if that's the intent of its current controlling ownership.
"One finds private-equity firms interested in what might be thought of as old media, including newspapers, yellow pages and radio because these properties tend to have consistent revenue," says David Snow, U.S. editor of Private Equity International, a New York-based publication. "Even if the long-term view of these businesses is that they're melting ice cubes, with a certain amount of leverage applied to them, you can make a nice return."
Hamilton Faber, an analyst at Atlantic Equities, a London-based research firm that concentrates on U.S. stocks, says Snow's assertion tunes right in on Clear Channel's wavelength.
"The returns can work if you leverage it up massively," he says. The private-equity groups named by The Wall Street Journal in a Thursday story one consortium is comprised of Providence Equity Partners, Blackstone Group and Kohlberg Kravis Roberts; the other group is led by Thomas H. Lee Partners and could include Texas Pacific Group and Bain Capital would need to pay an 8.2 multiple of current earnings.
"If you do that, over five years, you can get a 20% return," Faber says. "It's aggressive, but not unheard of. Chief Financial Officer Randall Mays, who was also named president of Clear Channel in February, has an investment banking background, the analyst notes. "He doesn't mind doing corporate engineering. The likelihood of something happening is quite high."
James Boyle, an analyst at C.L. King & Associates, wrote Thursday that investors should view reports of a brewing buyout with some skepticism, saying this is the fourth or fifth time privatization rumors have scrambled Clear Channel's reception. The stock has languished, only showing a modest 2.8% gain year to date, all of which was realized in the past week.
"We would remind clients that this is yet another speculation by the press and the Street, two outfits known for desiring 'action' by companies," Boyle wrote in a research note. "CCU's founding family may have less ownership, at roughly 7%, of a media company with an atypical single class of stock, but the Mays family seems to us to still have a firm grasp on the steering wheel and is aggressively returning capital to shareholders."
The company is in the midst of a share buyback strategy that's returned 20% of its shares to management, and it plans to repurchase more than $1 billion more, leading Boyle to observe that "CCU has already been buying back enough stock that it is going private in slow-motion."
The Bottom Line
Any bet on Clear Channel is a bet on action by the company, not on its performance. Shares could climb a bit if there's an earnings surprise on Monday, but the stock is at its current price because of speculation, not fundamentals.
That's a risk for many reasons, not least of which is that challenges to the terrestrial radio business aren't going away. There's satellite radio, in the form of Sirius Satellite Radio (SIRI5) and XM Satellite Radio (XMSR6), both of which are adding car-based customers at steady rates, cutting into what Soleil Media's Martin described as Clear Channel's most lucrative audience.
There's also the rise of MP3 players, the most popular of which is the iPod made by Apple Computer (AAPL7). Estimates suggest 16 million iPods could be sold in the second half of 2006 alone. Digital music players cut out commercials and let users do their own music programming, eliminating the role of the local disc jockey, or as is often the case at Clear Channel stations, centralized playlist programming.
C.L. King's Boyle says the Mays family's 7.5% stake gives them the sort of influence that might make it hard to give up control in a buyout. Clear Channel made much of its "less is more" strategy when it cut back the amount of advertising time on its stations in response to complaints that commercial time blocks had grown too large and alienated listeners. But a new private-equity partner wishing to maximize cash flows might well want to reverse this approach to pump up the revenue stream "regardless of the long-term impact on audience erosion and advertiser discontent," he wrote.
If you own the stock, don't touch that dial until the signals of any prospective deal come in without static. If you're just tuning in, the sound you hear is much of the upside fading out of range.
31.10.2006 16:47
Google übernimmt JotSpot
Google übernimmt JotSpot. Das Unternehmen ist ein Provider für kooperative Online-Lösungen - besser bekannt als Wikis. Die Konditionen der Übernahme, die bereits abgeschlossen ist, werden nicht veröffentlicht.
JotSpots Angebote sollen in Zukunft frei zugänglich sein - das ist zumindest der Webseite des Unternehmens zu entnehmen.
Time Warner verdreifacht Gewinn
Konzern bekräftigt seine Geschäftsprognosen für das Gesamtjahr 2006 - AOL kommt voran
New York - Der weltgrößte Medienkonzern Time Warner hat im abgelaufenen Vierteljahr seinen Gewinn fast verdreifacht. Neben dem Zukauf von Adelphia Communications trug dazu die Internettochter AOL bei, deren Werbeeinnahmen fast um 50 Prozent zulegten.
Der Nettogewinn stieg auf 2,3 Mrd. Dollar von 853 Mio. Dollar vor einem Jahr, wie das Unternehmen am Mittwoch vor US-Börsenbeginn mitteilte. Ohne Sondereinnahmen wie dem Anteilsverkauf von Time Warner Telecom und einer Steuergutschrift wäre das Gewinnplus allerdings deutlich geringer ausgefallen. Der Umsatz kletterte um sieben Prozent auf 10,9 Mrd. Dollar.
Umstellung des Geschäftsmodells
AOL hatte im August wegen des dramatischen Rückgangs seiner Abonnentenzahl eine Umstellung seines Geschäftsmodells angekündigt. AOL strich die Gebühren für die meisten Internetdienste, um mehr Besucher auf seine Seite zu locken und mit Werbung Geld zu verdienen. Im Zuge des Strategiewechsels reduziert AOL die Zahl seiner Mitarbeiter um 5.000. Investoren versprechen sich von dem neuen Geschäftsmodell eine deutliche Verbesserung der Geschäfte: Die Time Warner-Aktie kletterte im Oktober auf ein Vier-Jahres-Hoch.
Auch in seiner Kabelsparte verbuchte Time Warner ein kräftiges Wachstum: Hier kletterten die Einnahmen um 44 Prozent. Time Warner hatte die Kabelfirma Adelphia in diesem Jahr für rund 17 Mrd. Dollar gekauft. Time Warner ist nun der zweitgrößte US-Kabelnetzbetreiber mit einer besonders starken Präsenz in New York und Los Angeles. Der Konzern bekräftigte seine Geschäftsprognosen für das Gesamtjahr 2006. (APA/Reuters)
Novell, Inc.
02.11.06 20:52 Uhr
6,78 USD
+15,50 % [+0,91]
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Börse
NASDAQ
Aktuell
6,78 USD
Zeit
02.11.06 20:52
Diff. Vortag
+15,50 %
Tages-Vol.
134,70 Mio.
Gehandelte Stück
21 Mio.
NOVELL: Novell Appoints Troy Richardson as President, Novell Americas Susan Heystee named new general manager for global strategic alliances
WALTHAM, Mass., Nov 01, 2006 (M2 PRESSWIRE via COMTEX) -- Novell today named
Troy Richardson as president, Novell Americas. Formerly vice president and
general manager of sales for Novell's Northeast region, Richardson brings more
than 22 years of experience in technology sales and management to the role. He
will be responsible for the full range of Novell's sales and consulting business
across the U.S., Latin America and Canada. Susan Heystee, the former president
of Novell Americas, moves to become vice president and general manager for
global strategic alliances, a newly created position that recognizes the
importance of Novell's partner community to Novell's success."Troy has done a great job over the last year in driving Novell's success in the
Northeast region, helping customers in the financial services, government and
retail sectors leverage Novell(R) solutions for their businesses," said Tom
Francese, executive vice president of worldwide sales for Novell. "I look
forward to him expanding this success to our broader Americas region, where we
see real potential for our growth businesses of Linux* and open source and
security, identity and resource management. In addition, I can't think of anyone
better to lead our critical global partnering efforts than Susan, whose done an
excellent job driving our Americas business over the last two years."Richardson has over 22 years in the technology industry with a proven track
record for consistently delivering significant revenue and profit growth and
building high performance teams. He joined Novell in July 2005 as vice president
and general manager for the Northeast Area. Prior to Novell, he served as vice
president, Retail Solutions Division for the Americas at NCR Corporation. He
also held various executive level positions in sales and marketing management
over a 15 year career with IBM Corporation. Richardson holds an MBA from
Northwestern University, J.L. Kellogg Graduate School of Management and received
his undergraduate degree in business administration from Eastern Illinois
University."This is a very exciting time for Novell as we drive our new Linux and identity,
security and resource management businesses forward," said Richardson. "Novell
is well positioned to help customers leverage the performance and value of open
source and standards-based solutions. I look forward to working with customers
across the Americas region to help them save money and improve their business
processes with Novell solutions."About NovellNovell, Inc. (Nasdaq: NOVL) delivers Software for the Open Enterprise(TM) With
more than 50,000 customers in 43 countries, Novell helps customers manage,
simplify, secure and integrate their technology environments by leveraging
best-of-breed, open standards-based software. With more than 20 years of
experience, 4,700 employees, 5,000 partners and support centers around the
world, Novell helps customers gain control over their IT operating environment
while reducing cost. More information about Novell can be found at
http://www.novell.com