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Archive for August, 2011

(HPY, TMK, CRWE, BMA) Notable Stock by DrStockPick.com

August 22nd, 2011 at 01:09 pm

Heartland Payment Systems, Inc. (NYSE:HPY) announced that the Company's Board of Directors declared a quarterly dividend of $0.04 per common share payable on September 15, 2011 to shareholders of record at the close of business on August 24, 2011.

Heartland Payment Systems, Inc. provides bankcard payment processing services in the United States and Canada.
To read more: http://drstockpick.com/?p=21666

(PAY, CLNO, THI, KSS) Stock in Focus by DrStockPick.com

August 22nd, 2011 at 01:06 pm

VeriFone Systems, Inc (NYSE:PAY) has rescheduled the release of its financial results for the third quarter of fiscal 2011 to avoid conflicts caused by the Labor Day holiday in the U.S. Third quarter results will now be released after the market closes on September 6, 2011.

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions that enable secure electronic payments among consumers, merchants, and financial institutions worldwide.
To read more: http://drstockpick.com/?p=21665

(MJS.V, AWR, KCG, CMI) Stock in Review by DrStockPick.com

August 22nd, 2011 at 01:04 pm

Majestic Gold Corp. (MJS.V)

Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
To read more: http://drstockpick.com/?p=21664

(LWAY, CMED, PRGO, CLNO) Stock Highlights by DrStockPick.com

August 22nd, 2011 at 01:00 pm

Lifeway Foods Inc. (Nasdaq:LWAY) announced results for three and six months ended June 30, 2011. Second quarter of 2011 gross sales increased 28% to $19.9 million compared to $15.5 million for the second quarter of 2010. This increase is primarily attributable to increased sales and growing awareness of benefits of Lifeway's flagship line, Kefir, as well as ProBugs® Organic Kefir for kids, and the successful introduction of new product lines such as Bio Kefir™. In addition, Lifeway Frozen Kefir contributed approximately $0.2 million in sales during the second quarter of 2011. The frozen kefir line was launched in April 2011.

Lifeway Foods, Inc., together with its subsidiaries, manufactures dairy and non-dairy health food products.
To read more: http://drstockpick.com/?p=21663

(CRWE, APAC, FINL, MDAS) Featured Stock by DrStockPick.com

August 22nd, 2011 at 12:57 pm

Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc.
To read more: http://drstockpick.com/?p=21662

(FRED, CLNO, GENC, CELG) Stock Report from DrStockPick.com

August 22nd, 2011 at 12:55 pm

Fred's Inc. (Nasdaq:FRED) announced that it will provide an online Web simulcast of its second quarter 2011 earnings conference call on Thursday, August 25, 2011. The Company's results for the second quarter and six months ended July 30, 2011, will be released earlier that morning.

Fred's, Inc. and its subsidiaries sell general merchandise through retail discount stores and pharmacies in the southeastern United States.
To read more: http://drstockpick.com/?p=21661

(ALTE, EMITF, CRWE, ICGN) Stock Updates by DrStockPick.com

August 22nd, 2011 at 12:50 pm

Alterra Capital Holdings Limited (Nasdaq:ALTE) announced that Alterra Europe plc has opened a new facility to underwrite Excess Liability insurance from its recently licensed branch in London, Alterra Europe - UK Branch.

Alterra Capital Holdings Limited, through its subsidiaries, provides specialty insurance and reinsurance products to corporations, public entities, and property and casualty insurers principally in Bermuda, Ireland, the United States, and the United Kingdom.
To read more: http://drstockpick.com/?p=21660

(CLNO, NTAP, GRMN, TCHC) Stock under Consideration by DrStockPick.com

August 22nd, 2011 at 12:45 pm

Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.
To read more: http://drstockpick.com/?p=21659

(CRWE, HOOK, OXPS, BOBE) Noticeable Stock by DrStockPick.com

August 20th, 2011 at 01:20 pm

Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc's selection of Core Link reflects recent diversification beyond CRWE's original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, Crown Equity Holdings Inc has transitioned into a multifaceted media organization that publishes clients' news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
To read more: http://drstockpick.com/?p=21650

(ADES, GNTX, NDSN, CLNO) Notable Stock by DrStockPick.com

August 20th, 2011 at 01:17 pm

ADA-ES, Inc. (NASDAQ:ADES) announced financial results for the second quarter ended June 30, 2011. Total revenues increased to $7.0 million from $1.9 million in the second quarter of 2010, primarily due to recognition of Refined Coal ("RC") revenues. Gross margin was $5.2 million, or 74% of revenues, up from $8,000, or less than 1% of revenues in the second quarter of 2010, due to higher margins and revenues associated with Refined Coal. Operating loss narrowed to $2.3 million from an operating loss of $6.7 million in the second quarter of 2010. Net loss of $2.3 million, or $0.30 per diluted share, included $1.5 million of non-routine legal expenses related to the Norit litigation and a non-cash loss of $1.8 million from ADA's equity interest in ADA Carbon Solutions, LLC ("ADA-CS"). Cash and cash equivalents increased by $31 million from March 31, 2011.
To read more: http://drstockpick.com/?p=21649

(BIRT, MJS.V, PRFT, ZIGO) Stock in Focus by DrStockPick.com

August 20th, 2011 at 01:13 pm

Actuate Corporation (NASDAQ:BIRT), The people behind BIRT® and the leader in open source Business Intelligence (BI), announced that, according to research conducted by Evans Data Corporation, more than 900,000 developers in India are currently using or plan to use BIRT in the next 12 months to build Business Intelligence, data visualizations and information delivery applications.

Actuate Corporation provides software solutions and consulting services to corporate and government customers.
To read more: http://drstockpick.com/?p=21648

(MALL, PSTR, WEBM, CLNO) Stock in Review by DrStockPick.com

August 20th, 2011 at 01:07 pm

PC Mall Inc. (NASDAQ:MALL) announced it has won the Platinum Level Operational Excellence Award at the 2011 Microsoft Worldwide Partner Conference. The company was chosen out of the North American field of top Microsoft Partners for delivering market-leading operational excellence supporting Microsoft technology. The awards were distributed at a ceremony July 14th in Los Angeles at Microsoft's Worldwide Partner Conference.

PC Mall, Inc., together with its subsidiaries, operates as a value added direct marketer of technology products, services, and solutions to businesses, government and educational institutions, and individual consumers primarily in the United States.
To read more: http://drstockpick.com/?p=21647

(STEI, CRWE, NSPH, LOPE) Stock Highlights by DrStockPick.com

August 20th, 2011 at 01:04 pm

Stewart Enterprises Inc. (Nasdaq:STEI) announced changes to its management organizational structure in order to better integrate the Company's operations and sales activities and to enhance customer service. The Company has promoted Senior Vice President of Operations, Kenneth G. "Jerry" Myers, Jr., to Executive Vice President of Operations and Sales. The Company is also dividing its operations into two divisions, Eastern and Western.

Stewart Enterprises, Inc., through its subsidiaries, provides funeral and cemetery products and services in the death care industry in the United States and Puerto Rico.
To read more: http://drstockpick.com/?p=21646

(CLNO, ABMD, GRRF, CHNG) Featured Stock by DrStockPick.com

August 20th, 2011 at 12:59 pm

Cleantech Transit, Inc. (CLNO)

Biomass energy is energy produced by burning biomass. Biomass is a broad category of material encompassing all the living matter in an area. Wood, crops and crop waste, and wastes of plant, mineral, and animal matter comprise much of an area's biomass. Much of this material is considered "garbage" and ends up in landfills.
To read more: http://drstockpick.com/?p=21645

(BOLT, AIRM, SGEN, CRWE) Stock Report from DrStockPick.com

August 20th, 2011 at 12:53 pm

Bolt Technology Corp. (Nasdaq:BOLT) announced financial results for the fourth quarter and the fiscal year ended June 30, 2011. Sales for the fourth quarter of fiscal year 2011, the three months ended June 30, 2011, were $10,819,000 compared to $9,880,000 for the fourth quarter of fiscal year 2010. Net income for the quarter was $1,386,000 ($0.16 per share) compared to $1,634,000 ($0.19 per share) for the fourth quarter of fiscal year 2010. For the fiscal year ended June 30, 2011, sales amounted to $38,858,000 compared to $31,485,000 last fiscal year. Net income for the year amounted to $5,527,000 ($0.65 per share) compared to $4,954,000 ($0.58 per share) last year.

To read more: http://drstockpick.com/?p=21644

(ACLS, HAIN, CLNO, CRNT) Stock Updates by DrStockPick.com

August 20th, 2011 at 12:46 pm

Axcelis Technologies Inc. (Nasdaq:ACLS) announced financial results for the second quarter ended June 30, 2011. Revenue for the second quarter was $93.4 million, compared with $93.2 million in Q1, and $58.2 million for the same period a year ago. Net income for the quarter was $4.2 million, or $0.04 per diluted share. Prior quarter net income was $1.8 million or $0.02 per diluted share, and in the prior year period, the company reported a net loss of $4.5 million or $0.04 cents per share. Cash and cash equivalents were $37.9 million on June 30, 2011.
To read more: http://drstockpick.com/?p=21643

(CRWE, TKLC, FOLD, INTX) Stock under Consideration by DrStockPick.com

August 20th, 2011 at 12:29 pm

Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
To read more: http://drstockpick.com/?p=21642

(ADSK, DITC, CLNO, RCKB, PNBK) Stock to Watch by DrStockPick.com

August 19th, 2011 at 03:40 pm













Autodesk, Inc. (NASDAQ:ADSK) reported financial results for the second quarter of fiscal year 2012.

Revenue was $546 million, an increase of 16 percent compared to the second quarter of fiscal 2011.

GAAP operating margin was 17 percent, compared to 17 percent in the second quarter of fiscal 2011.

Non-GAAP operating margin was 25 percent, compared to 25 percent in the second quarter of fiscal 2011.

GAAP diluted earnings per share were $0.30, compared to $0.25 in the second quarter of fiscal 2011.

Non-GAAP diluted earnings per share were $0.44, compared to $0.36 in the second quarter of fiscal 2011.

Cash flow from operating activities was $132 million, compared to $112 million in the second quarter of fiscal 2011.

“We experienced strong demand across all geographies and business segments with growth led by our Asia Pacific region,” said Carl Bass, Autodesk president and CEO. “Our manufacturing business segment had its largest revenue quarter ever and continues to be our fastest growing segment. Our AEC business segment returned to strong growth in the second quarter as the building and construction industries continue to standardize on Building Information Modeling. And our newly launched design and creation suites are off to a terrific start, helping drive our overall revenue growth.”

Autodesk, Inc., is a leader in 3D design, engineering and entertainment software. Customers across the manufacturing, architecture, building, construction, and media and entertainment industries – including the last 16 Academy Award winners for Best Visual Effects – use Autodesk software to design, visualize, and simulate their ideas. Since its introduction of AutoCAD software in 1982, Autodesk continues to develop the broadest portfolio of state-of-the-art software for global markets. For additional information about Autodesk, visit www.autodesk.com.

To read more: http://drstockpick.com/?p=2164 1

(CRWE, COKE, SUTR, HCOM) Noticeable Stock by DrStockPick.com

August 19th, 2011 at 01:29 pm

Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc.
To read more: http://drstockpick.com/?p=21640

(ZRAN, CAST, ZOOG, CLNO) Notable Stock by DrStockPick.com

August 19th, 2011 at 01:25 pm

Zoran Corporation (Nasdaq:ZRAN) announced that Institutional Shareholder Services ("ISS") recommends that Zoran stockholders vote FOR its proposed merger with CSR plc (LSE: CSR.L) ("CSR"). ISS is the leading independent proxy voting and corporate governance advisory firm, and its recommendations are relied upon by thousands of major institutional investment firms, mutual funds and other fiduciaries throughout the country.

Zoran Corporation provides digital solutions in the digital entertainment and imaging market worldwide.
To read more: http://drstockpick.com/?p=21639

(YORW, MJS.V, UBCP, IIN) Stock in Focus by DrStockPick.com

August 19th, 2011 at 01:21 pm

York Water Co. (Nasdaq:YORW) its President, Jeffrey R. Hines, announced the Company's financial results for the second quarter and the first six months of 2011, and an agreement to supply water to Cross Keys Village, Adams County, Pennsylvania. President Hines reported that second quarter operating revenues of $10,452,000 increased $704,000 and net income of $2,458,000 increased $114,000 compared to the second quarter of 2010. Earnings per share of $0.19 for the three-month period increased $0.01 over the same period last year.



The York Water Company engages in impounding, purifying, and distributing drinking water in Pennsylvania.

To read more: http://drstockpick.com/?p=21638

(VSNT, CRWE, CALD, BCSI) Stock in Review by DrStockPick.com

August 19th, 2011 at 01:13 pm

Versant Corp. (Nasdaq:VSNT) will deliver three presentations on overcoming the limitations of current NoSQL technologies at the NoSQL Now! Conference, August 23 -- 25, 2011 in San Jose, California. The three sessions will be led by Versant executives Robert Greene, vice president of technology, and Dirk Bartels, vice president of product strategy and marketing, and will demonstrate how enterprises can meet the pressing demands of Big Data and real-time information.
To read more: http://drstockpick.com/?p=21637

(CLNO ASEI, MLAB, ZSTN) Stock Highlights by DrStockPick.com

August 19th, 2011 at 01:09 pm

Cleantech Transit, Inc. (CLNO)



Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

To read more: http://drstockpick.com/?p=21636

(FORTY, RMKR, TCCO, CRWE) Featured Stock by DrStockPick.com

August 19th, 2011 at 01:04 pm

Formula Systems (1985) Ltd. (Nasdaq:FORTY) announced its results for the second quarter of 2011. Financial Highlights for the Second Quarter and Six-Month Periods Ended June 30, 2011: Second quarter Revenues totaled $165.9 million (Q2 2010: $131.7 million), a 26% increase compared to the same quarter of 2010. Operating income for the second quarter increased by 18% to $13.3 million (Q2 2010: $11.3 million). Net Income attributable to Formula for the second quarter reached $5 million, an increase of 32% compared to $3.8 million for the second quarter of 2010.

Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology (IT) solutions and services company worldwide.
To read more: http://drstockpick.com/?p=21635

(SLGN, EBTX, CLNO, RVSN) Stock Report from DrStockPick.com

August 19th, 2011 at 12:58 pm

Silgan Holdings Inc. (Nasdaq:SLGN) announced that its Board of Directors has authorized an aggregate repurchase of up to $300 million of the Company's common stock, inclusive of prior authorizations. This authorization is effective through December 31, 2014. Additionally, the Board of Directors has declared a quarterly dividend on its common stock. The Board of Directors approved a $0.11 per share quarterly cash dividend, payable on September 15, 2011 to the holders of record of common stock of the Company on September 1, 2011.

Silgan Holdings Inc. engages in the manufacture and sale of metal and plastic consumer goods packaging products primarily in the United States, Europe, and Canada.
To read more: http://drstockpick.com/?p=21634

(CRWE, NGSX, UEPS, SORL) Stock Updates by DrStockPick.com

August 19th, 2011 at 12:53 pm

Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc.
To read more: http://drstockpick.com/?p=21633

(HLYS, SAFM, SAAS, CLNO) Stock under Consideration by DrStockPick.com

August 19th, 2011 at 12:45 pm

Heelys, Inc. (Nasdaq:HLYS) reported the following financial results for the second quarter ended June 30, 2011. The "Company" and "Heelys" refer to Heelys, Inc., a Delaware corporation, and its direct and indirect subsidiaries. Year-over-Year Quarterly Comparisons: On a consolidated basis, net sales decreased $462,000, to $8.3 million for the three months ended June 30, 2011, from $8.8 million for the three months ended June 30, 2010. Domestic net sales increased $517,000, from $2.2 million for the three months ended June 30, 2010, to $2.7 million for the three months ended June 30, 2011.
To read more: http://drstockpick.com/?p=21632

(PETM, CTIB, JSDA, CDTI, CRWE) Stock in Focus by DrStockPick.com

August 18th, 2011 at 03:36 pm







PetSmart, Inc. (NASDAQ:PETM) is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. The company employs approximately 48,000 associates and operates more than 1,197 pet stores in the United States, Canada and Puerto Rico, over 185 in-store PetSmart PetsHotel dog and cat boarding facilities and is a leading online provider of pet supplies and pet care information (http://www.petsmart.com). PetSmart provides a broad range of competitively priced pet food and pet products; and offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services. Since 1994, PetSmart Charities, Inc., an independent 501(c)(3) non-profit animal welfare organization and the largest funder of animal welfare efforts in North America, has provided more than $134 million in grants and programs benefiting animal welfare organizations. Through its in-store pet adoption partnership with PetSmart Charities, PetSmart has helped save the lives of more than 4.5 million pets.



PetSmart Reports Results for the Second Quarter 2011

Q2 Earnings up 32% to $0.54 per Share; Comp Sales of 5.0%; Total Sales up 7.0%; Comp Transactions of 2.0%




PetSmart, Inc. (NASDAQ: PETM) reported earnings of $0.54 per share, up 32% compared to $0.41 per share in the second quarter of 2010. Net income totaled $61 million in the second quarter of 2011, compared to $48 million in the second quarter of 2010.

Total sales for the second quarter of 2011 increased 7.0% to $1.5 billion. The increase in net sales was partially impacted by $6 million in favorable foreign currency fluctuations. Comparable store sales, or sales in stores open at least a year, grew 5.0%, benefiting from comparable transactions growth of 2.0%. Services sales, which are included in total sales, grew 7.6% to $178 million.

During the second quarter, the company generated $109 million in operating cash flow, spent $20 million in capital expenditures, distributed $14 million in dividends, and repurchased $63 million of PetSmart stock. The Company ended the quarter with $321 million in cash, cash equivalents and restricted cash and zero borrowings on its credit facility.

“The strength of our brand was evident with another quarter of solid performance,” said Bob Moran, Chief Executive Officer and President, “and validates the work that we are doing on our journey to becoming a best-in-class specialty retailer.”

“For all of 2011, we expect comparable store sales growth in the low- to mid-single digit range, and total sales growth in the mid-single digit range. We are raising our earnings per share guidance from a previous range of $2.32 to $2.42 to our current expectations of $2.40 to $2.48,” said Chip Molloy, Senior Vice President and Chief Financial Officer. “For the third quarter of 2011, we are expecting comparable store sales growth in the 3-4% range, and earnings per share between $0.41 and $0.45.”
To read more: http://drstockpick.com/?p=21630

(PETM, CTIB, JSDA, CDTI, CRWE) Stock in Focus by DrStockPick.com

August 18th, 2011 at 03:32 pm

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http://pennyomega.com/img/petm.jpg

PetSmart, Inc. (NASDAQ:PETM) is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. The company employs approximately 48,000 associates and operates more than 1,197 pet stores in the United States, Canada and Puerto Rico, over 185 in-store PetSmart PetsHotel dog and cat boarding facilities and is a leading online provider of pet supplies and pet care information (http://www.petsmart.com). PetSmart provides a broad range of competitively priced pet food and pet products; and offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services. Since 1994, PetSmart Charities, Inc., an independent 501(c)(3) non-profit animal welfare organization and the largest funder of animal welfare efforts in North America, has provided more than $134 million in grants and programs benefiting animal welfare organizations. Through its in-store pet adoption partnership with PetSmart Charities, PetSmart has helped save the lives of more than 4.5 million pets.

PetSmart Reports Results for the Second Quarter 2011

Q2 Earnings up 32% to $0.54 per Share; Comp Sales of 5.0%; Total Sales up 7.0%; Comp Transactions of 2.0%

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PetSmart, Inc. (NASDAQ: PETM) reported earnings of $0.54 per share, up 32% compared to $0.41 per share in the second quarter of 2010. Net income totaled $61 million in the second quarter of 2011, compared to $48 million in the second quarter of 2010.

Total sales for the second quarter of 2011 increased 7.0% to $1.5 billion. The increase in net sales was partially impacted by $6 million in favorable foreign currency fluctuations. Comparable store sales, or sales in stores open at least a year, grew 5.0%, benefiting from comparable transactions growth of 2.0%. Services sales, which are included in total sales, grew 7.6% to $178 million.

During the second quarter, the company generated $109 million in operating cash flow, spent $20 million in capital expenditures, distributed $14 million in dividends, and repurchased $63 million of PetSmart stock. The Company ended the quarter with $321 million in cash, cash equivalents and restricted cash and zero borrowings on its credit facility.

“The strength of our brand was evident with another quarter of solid performance,” said Bob Moran, Chief Executive Officer and President, “and validates the work that we are doing on our journey to becoming a best-in-class specialty retailer.”

“For all of 2011, we expect comparable store sales growth in the low- to mid-single digit range, and total sales growth in the mid-single digit range. We are raising our earnings per share guidance from a previous range of $2.32 to $2.42 to our current expectations of $2.40 to $2.48,” said Chip Molloy, Senior Vice President and Chief Financial Officer. “For the third quarter of 2011, we are expecting comparable store sales growth in the 3-4% range, and earnings per share between $0.41 and $0.45.”

To read more: http://drstockpick.com/?p=21630

(SNI, CLNO, EXPR, HON) Noticeable Stock by DrStockPick.com

August 18th, 2011 at 01:32 pm

Scripps Networks Interactive Inc. (NYSE:SNI) and Virgin Media Inc. have reached an agreement that will result in Scripps Networks Interactive acquiring Virgin Media's stake in UKTV, one of the United Kingdom's leading multi-channel television programming companies. Scripps Networks Interactive will pay approximately £239 million to purchase Virgin Media's 50-percent common equity interest in the UKTV partnership and also will pay about £100 million to acquire the outstanding preferred stock and debt owed by UKTV to Virgin Media. BBC Worldwide, the commercial arm and wholly owned subsidiary of the British Broadcasting Corp. (BBC), is the other 50-percent stakeholder in UKTV.
To read more: http://drstockpick.com/?p=21629


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