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Archive for September, 2011
September 17th, 2011 at 03:02 pm
AU Optronics Corp (NYSE:AUO) announced that following its inclusion in Dow Jones Sustainability World Index (DJSI World) for the first time in 2010, the Company has been again named as a member of DJSI World this year, and a member of DJSI Asia/Pacific for three straight years. AUO is currently the only pure TFT-LCD manufacturer worldwide to have held this record, accentuating the Company's presence as one of the leading sustainability-driven companies in the world.
AU Optronics Corp. researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays to original equipment manufacturing service providers.
To read more: http://drstockpick.com/?p=22048
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September 16th, 2011 at 03:33 pm
AAR WINS AIRLIFT SUPPORT CONTRACT FROM MILITARY SEALIFT COMMAND
AAR to provide helicopter airlift support for U.S. Navy ships
AR (NYSE: AIR) announced that it has been awarded a contract from Military Sealift Command (MSC), to provide airlift support for U.S. Navy ships. The contract has a one-year initial base period, three one-year options and an additional 11-month option with an estimated total value of approximately $77 million.
The vertical replenishment (VERTREP) contract calls for the renewal of 4 helicopters, personnel, and operational and technical support services that the Company currently provides in the Western Pacific and Indian Oceans and the Arabian Gulf. AAR was selected from four competitive bids submitted.
“This award reflects the Military Sealift Command’s continuing confidence in AAR’s transportation and logistics capabilities and we are extremely proud to support the U.S. Navy’s operations at sea,” said David P. Storch, Chairman and Chief Executive Officer, AAR CORP.
AAR’s Airlift Group provides expeditionary airlift services in austere environments and performs specialized aircraft modifications in support of national defense, security and humanitarian relief operations. Under current contracts, the Company provides airlift for the Department of Defense in three regions around the world, using both fixed-wing aircraft and rotary-wing aircraft to transport personnel, supplies and mail over land and at sea.
AAR is a leading provider of value-added products and services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems; and Government and Defense Services.
More information can be found at www.aarcorp.com.
To read more: http://drstockpick.com/?p=22041
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September 16th, 2011 at 03:31 pm
NetSol Technologies, Inc. (Nasdaq:NTWK) , a worldwide provider of global IT and enterprise application solutions, announced that it has formed an e-commerce division, Vroozi, Inc., to provide a dedicated sales and delivery channel for the company's existing product line with smartOCI, as well as developing next generation e-commerce and search engine technologies.
Netsol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.
To read more: http://drstockpick.com/?p=22040
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September 16th, 2011 at 03:28 pm
Actuate Corporation (Nasdaq:BIRT), The people behind BIRT® and the leader in open source Business Intelligence (BI), announced that the company has hosted its biggest BIRT Roadshow to date, attracting almost 700 people and generating interest from thousands more, in Bangalore, India. BIRT developers congregated at the Vivanta by Taj in Bangalore on August 26th to receive training material, evaluation software licenses and demos. The event was hosted by CEO Pete Cittadini and a team of BIRT experts to serve as an orientation to BIRT, the Eclipse Foundation Business Intelligence and Reporting Tools open source project sponsored by Actuate.
Actuate Corporation provides software solutions and consulting services to corporate and government customers.
To read more: http://drstockpick.com/?p=22039
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September 16th, 2011 at 03:25 pm
Global Hunter (GBLHF.PK)
Copper was the first mineral that man extracted from the earth and along with tin gave rise to the Bronze Age. As the ages and technology progressed the uses for copper increased. With the increased demand, exploration for the metal was extended throughout the world laying down the foundations for the industry as we know it today. Copper is an excellent conductor of electricity, as such one of its main industrial usage is for the production of cable, wire and electrical products for both the electrical and building industries. The construction industry also accounts for copper's second largest usage in such areas as pipes for plumbing, heating and ventilating as well as building wire and sheet metal facings.
To read more: http://drstockpick.com/?p=22038
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September 16th, 2011 at 03:21 pm
Infinera Corporation (Nasdaq:INFN) unveiled the DTN-X, the first multi-terabit packet-optical transport (P-OTN) network platform based on groundbreaking 500 Gb/s Photonic Integrated Circuits (PICs), and designed for global service providers facing increasing demands for bandwidth driven by video, mobile and cloud-based services. The DTN-X is purpose-built to integrate switching with DWDM without trade-offs in capacity. The architecture of the DTN-X extends the ease of use and reliability of Infinera's successful DTN in a new multi-terabit platform that scales for the future, is simple to operate and efficiently reduces the number of elements in the network.
Infinera Corporation provides optical networking systems based on photonic integration technology in the United States.
To read more: http://drstockpick.com/?p=22037
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September 16th, 2011 at 02:50 pm
MAJESTIC GOLD CORP (MJGCF.PK)
MAJESTIC GOLD CORP (MJGCF.PK) 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.
Gold's chemical symbol is Au. It comes from the Latin word aurum which means shining dawn, a reference to its bright yellow color and shiny luster. The English word gold has its origins in Middle English. Gold is described and known as a precious metal. The combination of gold's relative scarcity and its obvious beauty has made it a very valuable commodity throughout the history of humanity. It is most probably the oldest precious metal known to man. Wars have been fought over it and countless numbers have died trying to gain it or protect it.
To read more: http://drstockpick.com/?p=22036
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September 16th, 2011 at 02:46 pm
T. Rowe Price Group, Inc. (Nasdaq:TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.31 per share payable September 28, 2011 to stockholders of record as of the close of business on September 14, 2011.
T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries.
To read more: http://drstockpick.com/?p=22035
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September 16th, 2011 at 02:41 pm
Body Central Corp. (Nasdaq:BODY) announced the appointment of Tom Stoltz as Executive Vice President, Chief Financial Officer and Treasurer effective September 26, 2011. Mr. Stoltz will report to Allen Weinstein, President and Chief Executive Officer and will be responsible for corporate finance, financial planning and analysis, tax, treasury, corporate facilities and information technology. The Company also announced that Richard L. Walters, formerly its Executive Vice President, Treasurer and Chief Financial Officer, is no longer with the Company.
Body Central Corp. operates as a specialty retailer of young women's apparel and accessories in the South, Mid-Atlantic, and Midwest regions of the United States.
To read more: http://drstockpick.com/?p=22034
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September 16th, 2011 at 02:37 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.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."
To read more: http://drstockpick.com/?p=22033
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September 16th, 2011 at 02:22 pm
CalAmp Corp. (Nasdaq:CAMP) announced that it will release its operating results for its fiscal 2012 second quarter after the market close on Thursday, September 29, 2011. In addition, the Company will host a conference call at 4:30 p.m. Eastern (1:30 p.m. Pacific) on September 29, 2011 to discuss its results. The call may be accessed by dialing 877-941-9205 ( 480-629-9692 for international callers) and via the Internet by visiting the 'Investor Relations' section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. Following the call, a webcast replay will be available on CalAmp's website, and an audio replay will also be available by calling 800-406-7325 ( 303-590-3030 for international callers) and entering the access code 4472472. The audio replay will be available through October 6, 2011.
CalAmp Corp. develops and markets wireless communications solutions that deliver data, voice, and video for critical networked communications and other applications in the United States.
To read more: http://drstockpick.com/?p=22032
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September 15th, 2011 at 02:44 pm
RF Industries' Third Quarter Sales Increase 17%; Net Income is $0.01 Per Diluted Share
Nine Month Sales Advance 19%; Net Income is $0.12 Per Diluted Share
RF Industries, Ltd., (NASDAQ:RFIL) announced results for the fiscal third quarter and nine months ended July 31, 2011.
Net sales increased 17% to a third quarter record $4,948,000 compared to record third quarter sales of $4,230,000 in the same quarter last year. Net income was affected by non-recurring expenses of approximately $503,000 for legal, accounting, investment banking and administrative expenses associated with the June 15, 2011 acquisition of Cables Unlimited Inc. and approximately $59,000 in additional consulting, legal, corporate and administrative expenses incurred in addressing certain stockholder issues and activities. After these expenses, net income for the third quarter was $63,000 or $0.01 per diluted share compared $312,000, or $0.05 per diluted share in the same period last year. In the third quarter of fiscal 2011, net income was affected by non-cash expenses for the write-off of Neulink inventory and goodwill impairment related to the Aviel acquisition of $248,000 and $137,000, respectively.
"Cables Unlimited contributed $909,000 to net sales for 45 days of the quarter. Excluding Cables Unlimited's sales, overall sales for RFI's continuing businesses were down 4.5% for the quarter, affected primarily by inventory adjustments and shipping delays from some of our major distributors. We believe these are adjustments and delays, not lost sales. Sales rates improved for August," said Howard Hill, CEO of RF Industries.
RF Connector & Cable segment sales declined 7.7% in the quarter to $3,274,000 from $3,546,000 in the same period last year. Gross margins for this segment were 54% compared to 56% of sales in the same quarter last year, due to the sales decline. The operating loss was $99,000 for the quarter, compared to an operating profit of $683,000 in the same quarter last year. Profitability for this segment was affected by $503,000 in non-recurring expenses related to the Cables Unlimited, Inc. acquisition as well as approximately $59,000 of other corporate expenses.
RFI manufactures, designs and distributes Radio Frequency (RF) coaxial connectors, cable assemblies, medical cabling products, RF wireless products and fiber optic cable products. Coaxial connectors, cable assemblies, custom microwave RF connectors, fiber optic cable, connector and harness products serve computer, aerospace, computer networking and specialty applications.
More about RFIL at www.rfindustries.com
To read more: http://drstockpick.com/?p=22018
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September 15th, 2011 at 02:41 pm
DTE Energy Co. (NYSE TE) has introduced a new interactive iPhone application (app) for customers to access a variety of up-to-the-minute information, including real-time outage information from their mobile devices. The DTE Energy Outage Center app is available from the Apple iTunes App store or Apple.com free of charge. Located at dteenergy.com, the Outage Center is a central area online where consumers interested in getting the latest information about power outages, get tips on what to do during a storm or other frequently asked questions. DTE Energy is one of the first utilities in the country to allow customers to report power outages via a downloadable native mobile smartphone application.
DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan.
To read more: http://drstockpick.com/?p=22017
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September 15th, 2011 at 02:39 pm
MAJESTIC GOLD CORP (MJGCF.PK)
MAJESTIC GOLD CORP (MJGCF.PK) 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.
Gold is used in various electronic devices, ranging from calculators to computers. Even the cell phones and television sets you use in your day to day life contain a small amount of this precious metal. Gold is an efficient conductor of electricity, and more importantly, it does not corrode like other metals used in electrical devices. It is used in connectors, soldered joints, connecting wires etc. Gold is a good conductor; gold is being used in computers as well. In a computer system, various parts made from this metal facilitate accurate transmission of digital data at tremendous speed. In medicine, gold is used in diagnosis as well as treatment of certain medical conditions. In cancer treatment, particles of radioactive gold planted in tissues serve as radiation sources. Radioactive gold is also used in diagnosis of certain medical conditions.
To read more: http://drstockpick.com/?p=22016
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September 15th, 2011 at 02:36 pm
ABM Industries Inc. (NYSE:ABM) announced revenues for the third quarter of fiscal year 2011 of $1.08 billion, a 23.8% increase compared to third quarter of fiscal year 2010 revenues of $869.0 million. Income from continuing operations for the third quarter of fiscal year 2011 was $27.9 million, a 33.1% increase from $21.0 million in the third quarter of fiscal year 2010. Income from continuing operations per diluted share for the third quarter of fiscal year 2011 increased 27.5% to $0.51 compared to income from continuing operations per diluted share of $0.40 in the third quarter of fiscal year 2010. Income from continuing operations increased primarily as a result of a $4.7 million after-tax increase in Divisional operating profit, driven by the companies acquired in calendar 2010, $4.7 million related to a re-measurement of certain unrecognized tax benefits and $1.5 million after-tax from settling a dispute related to an acquisition.
ABM Industries Incorporated, through its subsidiaries, provides facility services for commercial, industrial, institutional, and retail facilities primarily in the United States.
To read more: http://drstockpick.com/?p=22015
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September 15th, 2011 at 02:30 pm
Kyocera Corp. (NYSE:KYO) announced the availability of its KYOCERA Mega Surface Series amorphous silicon (a-Si) photoreceptor drum, which offers record durability as a core component in electrophotographic printing equipment - including laser printers and multifunctional products (MFPs). The A4-sized a-Si drum is now available for shipment to equipment manufacturers worldwide.
Kyocera Corporation develops, produces, and distributes ceramic, semiconductor, and electronic products for the information and communications markets, and environment and energy markets worldwide.
To read more: http://drstockpick.com/?p=22014
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September 15th, 2011 at 02:25 pm
Enzo Biochem Inc. (ENZ)
A general definition of biotechnology is the use of a living organism or its products for commercial purposes. These activities include making bread, cheese, beer, and wine in addition to selective breeding of food crops and domestic animals. Today, biotechnology involves the use of recombinant DNA techniques to obtain desired qualities or products. Recombinant DNA methods take genetic material from one organism and put it into another.
To read more: http://drstockpick.com/?p=22010
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September 15th, 2011 at 02:20 pm
Walter Energy, Inc. (NYSE:WLT), the world's leading publicly traded "pure play" producer of metallurgical coal for the global steel industry, is responding to a request from the Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange following recent trading activity. Walter Energy is not aware of any corporate developments to account for this activity. The Company's policy is not to comment on rumors or speculation, and accordingly does not intend to comment further.
Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States.
To read more: http://drstockpick.com/?p=22005
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September 14th, 2011 at 04:39 pm
Frequency Electronics, Inc. (Nasdaq:FEIM) reported revenues for the first quarter of fiscal 2012, which ended July 31, 2011, of $15.9 million, a 31% increase over the $12.1 million recorded in the same quarter of fiscal 2011. The Company recorded operating profit of $1.8 million for the quarter ended July 31, 2011, compared to $789,000 in the first quarter of fiscal 2011. Net income for the first quarter of fiscal 2012 was $1.3 million or $0.16 per diluted share compared to $507,000 or $0.06 per diluted share for the first quarter of the prior year.
Chairman of the Board General Joseph Franklin made the following comment: "These results show Frequency is very much on track for our goals of strong revenue growth and increasing profitability this year. As in the preceding quarter this level of revenues reflects the continuing impact of recent new orders for commercial and U.S. Government satellite payloads. Most of our year-over-year revenue growth was generated in our FEI-NY operation. This segment accounted for all of our satellite business and it generated excellent operating profits on the increased revenues. Confirming the high priority of our U.S. Government business, the Company received notice since the end of the last quarter of additional funding on the seventh and eighth of twelve satellites on a long-term government program. Frequency previously completed work on the first six of these satellites. This global communications system is typical of critical government programs to which Frequency is a key supplier and which need to be funded on a continuing and timely basis."
Chief Financial Officer Alan Miller provided the following comment on the Company's financial report: "We maintained the revenue trend that began in the fourth quarter of last year and demonstrated our operational leverage by achieving an operating profit of $1.8 million or 11% of revenues. In the following quarters of this fiscal year, based on the current mix of programs, we expect to see improved gross margins and operating profits on a year-over-year basis. We also generated positive operating cash flow of approximately $2.7 million and at the end of the quarter our cash, cash equivalents and marketable securities increased to $22.6 million."
Frequency Electronics, Inc. is a world leader in the design, development and manufacture of high precision timing, frequency control and synchronization products for space and terrestrial applications. Frequency's products are used in commercial, government and military systems, including satellite payloads, C4ISR markets, missiles, UAVs, aircraft, GPS, secure radios, SCADA, energy exploration and wireline and wireless communication networks. Frequency has received over 60 awards of excellence for achievements in providing high performance electronic assemblies for over 125 space programs.
More about FEIM at www.frequencyelectronics.com.
To read more: http://drstockpick.com/?p=21995
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September 14th, 2011 at 04:34 pm
Tiffany & Co. (NYSE:TIF) announced its financial results for the second quarter ended July 31, 2011. Net sales rose 30% over the prior year due to strong growth in all geographic regions. Net earnings increased 33% and, excluding nonrecurring charges, rose 58% in the quarter (see attached "Non-GAAP Measures" schedule). Net earnings were $0.69 per diluted share in the quarter and, excluding nonrecurring charges, were $0.86 per diluted share. Management increased its earnings forecast for fiscal 2011 to reflect the better-than-expected second quarter results.
Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. Its jewelry products include fine and solitaire jewelry; diamond engagement rings and wedding bands for brides and grooms; and non-gemstone, sterling silver, gold, and platinum jewelry.
To read more: http://drstockpick.com/?p=21994
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September 14th, 2011 at 04:27 pm
GMX Resources Inc. (NYSE:GMXR), announced that the Company will pay a regular quarterly dividend of $0.578125 per share on September 30, 2011 to holders of record as of September 20, 2011 on the 3,176,734 outstanding shares of its 9.25% Series B Cumulative Preferred Stock.
GMX Resources Inc. operates as an independent oil and natural gas exploration and production company primarily in the United States.
To read more: http://drstockpick.com/?p=21993
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September 14th, 2011 at 04:16 pm
Cleantech Transit, Inc. (CLNO)
Biomass energy is described by any organic materials that can be burned and used as a source of fuel. Biomass energy is a clean affordable renewable energy source. Biomass fuels are made from renewable organic material like farm waste, crops and saw dust; these are then compressed into wood-pellets and used as fuel for heating your home or office while saving you money on your energy bills. Biomass energy fuels are much cheaper than fossil fuels, and unlike fossil fuels, biomass fuels are a renewable form of energy.
To read more: http://drstockpick.com/?p=21992
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September 14th, 2011 at 04:11 pm
SAIC, Inc. (NYSE:SAI) announced it was awarded a prime contract by the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) to build the Egyptian Armed Forces Combat Training Center (AFCTC) No. 3 for the Training Authority of the Egyptian Armed Forces, Ministry of Defense, in Cairo, Egypt. The single-award contract has a three-year period of performance and a total value of more than $46 million. Work will be performed primarily in Orlando, Fla. and San Diego, Calif.
SAIC, Inc. scientific, engineering, systems integration, and technical services and solutions to various branches of the U.S. military, agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security and the other U.S. government civil agencies, state and local government agencies, foreign governments, and customers in select commercial markets.
To read more: http://drstockpick.com/?p=21990
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September 14th, 2011 at 04:05 pm
Methode Electronics Inc. (NYSE:MEI), a global developer of custom engineered and application specific products and solutions, announced that it has acquired certain assets and liabilities of Nypro Monterrey, S. de R.L. (Nypro Monterrey) from Nypro Inc., a global plastics leader. Per agreement with Nypro, the specific terms of the transaction were not disclosed. Methode will operate this injection molding and painting business under the name of Advanced Molding and Decoration, S.A. de C.V. (AMD), and it will become a part of Methode's existing Monterrey manufacturing campus.
Methode Electronics, Inc. designs and manufactures electro-mechanical devices worldwide. It operates in four segments: Automotive, Interconnect, Power Products, and Other.
To read more: http://drstockpick.com/?p=21989
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September 13th, 2011 at 03:27 pm
Monmouth Real Estate Investment Corp (NYSE:MNR) announced that it will present to the Philadelphia Securities Association on Wednesday, October 12, 2011. The Forum will be held at the Union League of Philadelphia located in Philadelphia, PA.
Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust. It owns, manages, and leases properties to investment-grade tenants on long-term leases.
To read more: http://drstockpick.com/?p=21982
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September 13th, 2011 at 03:24 pm
Schiff Nutrition International Inc. (NYSE:WNI) appointed former Chairman, President and Chief Executive Officer of Del Monte Foods, Richard G. Wolford, 66, to its board of directors.
Schiff Nutrition International, Inc. develops, manufactures, markets, and distributes vitamins, nutritional supplements, and nutrition bars in the United States and internationally.
To read more: http://drstockpick.com/?p=21981
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September 13th, 2011 at 03:21 pm
McDonald's Corp. (NYSE:MCD) announced global comparable sales growth of 3.5% in August. Performance by segment was as follows: U.S. up 3.9%. Europe up 2.7%. Asia/Pacific, Middle East and Africa down 0.3%
McDonald's Corporation, together with its subsidiaries, operates as a foodservice retailer worldwide. It franchises and operates McDonald's restaurants that offer various food items, soft drinks, coffee, desserts, snacks, and other beverages, as well as full or limited breakfast menu.
To read more: http://drstockpick.com/?p=21980
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September 13th, 2011 at 03:13 pm
MetLife, Inc. (NYSE:MET) has added six new quality resources guides to its dental continuing education program, which is recognized by the American Dental Association and the Academy of General Dentistry.
MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs primarily in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East.
To read more: http://drstockpick.com/?p=21979
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September 13th, 2011 at 03:09 pm
MAJESTIC GOLD CORP (MJGCF.PK)
MAJESTIC GOLD CORP (MJGCF.PK) 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.
Gold has been used by humans for thousands of years and the primary uses of this precious metal have not changed. Using gold to fashion ornaments and jewelry and as the ultimate store of value is still the main uses of gold today. As technology advanced over the past decades, gold has found additional uses in areas such as electronics and dentistry but these new applications consume only a small proportion of gold mined every year. Gold is not affected by air and most reagents and is a very good conductor of heat and electricity. Heat, moisture, oxygen, and most corrosive agents have very little chemical effect on gold. This makes gold an excellent material for electrical switching mechanisms and plug contacts.
To read more: http://drstockpick.com/?p=21978
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September 13th, 2011 at 03:02 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=21976
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