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Subject: Cell Phones
In a few weeks, cell phone numbers are being released to telemarketing
companies and you will start to receive sales calls. Call this number
from your cell phone 1- 888-382-1222. It is a national Do Not Call
list. It blocks your number for 5 years. Pass it on.
http://www.google.com/search?hl=en&lr=&q=1-+888-382-1222&btnG=Search
LVSG News..(inside)
LIVESTAR Entertainment Group Inc. in Discussions to Acquire $3.2 Million in Wireless Telecom Assets to Support Its VOXBOX Service
Tuesday January 25, 8:15 am ET
LAS VEGAS, NV--(MARKET WIRE)--Jan 25, 2005 -- LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") (OTC BB:LVSG.OB - News) announced today it has entered into discussions to acquire approximately $3.2 Million in wireless telecom assets from Global Bancorp Inc. ("Global") to support and expand our joint VOXBOX initiative.
ADVERTISEMENT
These wireless assets consist of wireless communication towers and back-up systems that can be configured to cover a city with a core population base of up to 1.5 Million, such as Vancouver or Seattle. Global has had an independent evaluation and the assets have a replacement cost of $3.2M USD dollars.
The key to this acquisition is that with this wireless infrastructure, VOXBOX can activate an enterprise-level VoIP solution. These quality wireless assets will enable VOXBOX to penetrate the small and medium business market and multi-density residential buildings. This service offering could not only double or triple VOXBOX's revenue potential but also increase VOXBOX's appeal as a possible future takeover target by a VoIP competitor.
Ray Hawkins, CEO of LIVESTAR, commented: "We expect these discussions to continue towards the execution of an asset purchase agreement within the next three weeks. This network will form part of our strategy to deploy Mobile VoIP services in the future which will be in high demand as the VoIP industry matures."
Global's CEO and the CEO of VOXBOX, Ray Prescott, stated: "It is the decision of Global's board to sell any non-core assets. Global's plan is to retain a management contract with LIVESTAR to maintain and operate the wireless network. The asset purchase agreement we are negotiating and the management contract will include an option for LIVESTAR and VOXBOX to use Global's resources to 1) assemble further wireless infrastructure in 5 other major Canadian cities that represent a replacement cost of $20.0M and 2) to secure other wireless infrastructure in the United States as VOXBOX advances to a more established operational and growth level.
Ray Hawkins, CEO of LIVESTAR, in closing stated: "This development regarding VOXBOX is another key step LIVESTAR plans to make in its transition to a public holding company while acquiring bonified assets and building of revenues and earnings. We are committed to our new course of development and with assets such as these, increased shareholder value is planned to be one of the benefits. We look forward to advancing our discussions to acquire these assets to the point of a executing a closing. More positive changes are to come for the Company and we look forward to execution of other in development deals."
ABOUT VOXBOX
VOXBOX (http://www.myVOXBOX.com) is an exciting new service in the multi-billion dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans.
VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.
Voice over Internet Protocol (VoIP) is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/voip/.
ABOUT LIVESTAR ENTERTAINMENT GROUP, INC.
Jsc,
"halfmanhalfwizard" is hawking your oil stock on the GG board (raging bull).
I did buy some a month ago and am hoping for the best. Charissa
jsc....Just
one I'm watching...But have a friend in management in Denver.
rpt is that your own company selling the IPO or a company you are watching? I'm currently acquiring every thing I can of erhc as any funds become available. Once its reached my price I will take profits and seek another investment so I'll check out bxc thank you.
ASTM..News out and moving in PM
Aastrom Biosciences Receives Patent Expanding Coverage for its Single-Pass Perfusion Technology
Friday January 14, 8:00 am ET
-- Patent Extends Coverage from Stem Cell Population to Dendritic Cells --
ANN ARBOR, Mich., Jan. 14 /PRNewswire-FirstCall/ -- Aastrom Biosciences, Inc. (NasdaqSC: ASTM) announced today that it has received patent number 6,835,566 from the United States Patent and Trademark Office. The patent provides expanded coverage for the Company's single-pass perfusion technology to cover enhancing the biological functionality of human dendritic cells produced in cell culture. Dendritic cells are in clinical trials and experimental evaluations as vaccines for numerous forms of cancer and infectious diseases at various academic institutions and companies.
Aastrom is currently engaged in on-going clinical trial collaborations at Stanford University evaluating dendritic cells produced with this technology.
"This patent further expands Aastrom's coverage of our single-pass perfusion technology for growing human cells from bone marrow stem cells, to now include dendritic cells," said R. Douglas Armstrong, Ph.D., Chairman and Chief Executive Officer of Aastrom. "Our industry-unique technology continues to support Aastrom's position as a leader in the production of novel cell- based therapeutics."
About Aastrom Biosciences, Inc.
Aastrom Biosciences, Inc. (NasdaqSC: ASTM) is a regenerative medicine company developing treatments for the repair of damaged human tissues and other medical disorders, or the generation of normal human tissues, utilizing the Company's proprietary adult stem cell-based products. Aastrom's strategic position in the tissue regeneration and cell therapy sectors is enabled by its proprietary Tissue Repair Cells (TRCs), a mix of bone marrow stem and progenitor cells, and the AastromReplicell® System, an industry-unique automated cell production platform used to produce cells for clinical use. Together TRCs and the AastromReplicell System provide a foundation that the Company is leveraging to produce multiple Prescription Cell Products (PCPs), several of which are now in the clinical stage in the U.S. and EU. TRCs are the core component of the PCPs Aastrom is developing for bone grafting, peripheral vascular disease, jaw bone reconstruction and spine fusion markets. The Company has also developed the AastromReplicell System for dendritic cell production for researchers and institutions developing vaccines to treat cancer and infectious diseases, under its Cell Production Products line.
For more information, visit Aastrom's website at http://www.aastrom.com.
On May 7, 2004, our operating company acquired the operating assets of the building products distribution division of Georgia-Pacific Corporation and we acquired its real estate assets. The financial statements prior to May 7, 2004 are referred to as "pre-acquisition period" financial statements. The financial information for the pre-acquisition period, as set forth in this prospectus, was derived from financial statements that were prepared on a carve-out basis reflecting certain assets, liabilities and operations. Certain costs such as interest expense were not allocated to these financial statements. Please see note 1 to our financial statements under the heading "Basis of Presentation and Background," beginning on page F-7 for additional information.
This is an initial public offering of shares of common stock of BlueLinx Holdings Inc. All of the 9,500,000 shares of common stock are being sold by the company.
Prior to this offering, there has been no public market for the common stock. Our common stock has been approved for listing on the New York Stock Exchange under the symbol "BXC".
This board has really gotten quiet. I'm still adding to erhc also added some cnr. I really like the oils expect golds to make another run before a finnal correction which will be a real buy. I expect erhc to have its awards by end of month could easyly double on that news.
Ray what does BXC do? Is there anything else you can tell us?
WOW...Take a look at
the chart on DCAI...+5.13 today.
RPT
Got a new one for the board
I'm playing...Just IPO'ed a week or so ago...Have an inside source on this one in Denver office..
Put BXC on your list... IMO it's going to be a "winner" in 2005.
Ray
Happy New Year! May you and your families all be blessed with health, happiness and wealth in that order.
May the world know peace in 2005!
Here's to a VERY
Happy, Healthy and Prosperous New Year for everyone.
http://web.icq.com/friendship/swf/0,,16961_rs,00.swf
RPT
Happy Holidays to everyone! Glad you are enjoying the new house Yvette. Taking this week off and maybe next also.
Hi Everyone, I've been so busy with new house
and getting ready for holiday, haven't been trading
at all.
Merry Christmas and Happy New Year to all!!
~Yvette
Tim Allen, comedian, had this to say about Martha Stewart: "Boy, I
really feel safer now that Martha's behind bars. OJ. and Kobe and Osama
BinLaden are walking around, but they take the one woman in America
willing to cook and clean and work in the yard .. and haul her ass to
jail."
ERHC yes, definitely, now is very likely to be the last time to get it at bargain prices. It's not a stock to play for flipping though. However IMHO those who are willing/able to keep it for 3-5 years should see the PPS at anywhere from 20 to 100 times the current levels.
You will find some good info on the ERHC board at http://www.investorshub.com/boards/board.asp?board_id=1909. Hope this helps jsc52033.
PAII news.....Patch's Pharmaceutical Interest Establishes Level One American Depository Receipt (ADR) Program
Monday December 6, 9:02 am ET
CALGARY, Dec. 6 /PRNewswire-FirstCall/ - Patch International Inc. (PAII: OTCBB, PQG: Berlin Bremen Stock Exchange) reported that Pharmaxis (PXS: Australian Stock Exchange) has announced that the establishment of its Level One ADR Program has been declared effective by the US Securities and Exchange Commission (SEC) as from November 12, 2004. The Bank of New York was appointed as the depository bank for the ADR program. Patch holds 11.2 million shares in Pharmaxis and is the company's second largest shareholder behind the Rothschild Group.
A level One ADR Program facilitates the purchase of Pharmaxis shares by US investors. Under the program, one ADR is equivalent to 15 ordinary shares of Pharmaxis. The ADRs trade in the over-the counter (OTC) market under the symbol PHMXY (CUSIP number 71715J105).
The ADR is an important step to enabling international investment in the company, particularly by the important US capital markets.
ABOUT PHARMAXIS
Thx Charissa...Holiday?? Did I
miss something?? Or are you talking about Hanukkah on the 8th?
..Many Jewish holidays commemorate events invested with historical and religious meaning. Hanukkah means "dedication," and it commemorates the rededication of the Temple in Jerusalem after its desecration by foreign forces. The celebration also reaffirms the continuing struggle to live by God's commandments and to lead Jewish lives.
When all is said and done, perhaps the most important message of Hanukkah may be found in the name of the holiday itself: Dedication. When Jews have dedicated themselves, through faith and action, to the pursuit of high religious and human ideals, Judaism has been strong. That imperative, to strengthen our religion and our people, remains an important challenge at this season, in every generation. Hanukkah begins this year (5765/2004) on the evening of December 7th.
I respect the holidays of everyone world wide.
Just not one I partake in.
But appricate the good wishes...lol
Ray
hehehe...jsc
Welcome to the group...Patch is a "wanna be" oil company who WAS a drug company.
But they used to be and still are involved in a drug company called Pharmaxis (PXS: Australian Stock Exchange) where it is the company's second largest shareholder with 11.2 million restricted shares. Others include CIBC, HSBC, and the Rothschild Group. Patch is involved in oil and gas projects in Saskatchewan, Texas, and the East Corning area in Northern California.
The CEO, David Stadnyk, is a pro at playing the shareholders of these little OTC oil/gas companies with fluff and puff PR's and getting them "trapped" into the stocks at a higher PPS.
If you do take a position, Be careful...ride it HARD, and set an exit point and stick with it.
A good example of hoe he works the system is what just happened at another company he's in control of..FRCD..Just announced a 1 for 25 R/S.
Only they are calling it a 25 for 1 CONSOLIDATION !!
In connection with the reorganization of the Company, shareholders will be asked to approve a 25 for 1 consolidation of the Company's issued share capital at a meeting of shareholders scheduled for December 31, 2004 in Vancouver, British Columbia.
rpt
rpt you follow patch int. is it a drug stock or an oil and gas co. I can't make heads or tails out of what they post. Sorry it must be a senior moment.
Is anyone besides me in or watching erhc? Looks to me as if this next week may be the last time to get it at bargain prices. It had a pop end of this past week. I'm hopping for a pull back to the mid 40's. Did luck out last week and added some at.405 to my Roth.
Here you go, Rpt. Have a great holiday.
http://ragingbull.lycos.com/mboard/boards.cgi?board=ETYSOT&read=13360
Charissa..
Don't recall that stock screener?? Can you post a link to it ?? TIA
Keep an eye on my FMDAY...It's starting to move again...Earnings and CC due on the 15th.... If you take a position.
Be out of it before the CC at 11AM...
RPT
I know the Rand has been performing superbly which accounts for the poor performance of South African gold stocks--but according to this artcile--it may be due to retreat some.
http://ragingbull.lycos.com/mboard/boards.cgi?board=DROOY&read=29099
Do you think I can reconsider SA gold stocks when gold is in favor again?
Rpt, I am also using the stock screener that Nakuru left us on the old board and it has been great at least over the last month. Maybe just because of the performance of the DOW.
Thanks, Charissa
GIGM...GigaMedia: Net Profit Up 23% Q3 over Q2 2004
Thursday December 2, 7:33 am ET
Highlights of Third Quarter 2004 Results
- Consolidated revenues of US$22.0 million - Consolidated EBITDA(1) of US$2.8 million - Consolidated net income of US$688 thousand - No debt, with cash and short-term investments totaling US$45.0 million
TAIPEI, Taiwan, Dec. 2 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited ("GigaMedia" or the "Company") (Nasdaq: GIGM - News) announced today third quarter 2004 consolidated net profit of $688 thousand, a 23 percent sequential increase over the second quarter of 2004 and a turnaround of $3.4 million from a consolidated net loss of $2.7 million in the same period of 2003.
"Our Q3 results demonstrate that our restructuring plan is beginning to deliver results," stated Chief Executive Officer Arthur Wang. "Much hard work remains, but the new management team sees strong upside in the transformation of GigaMedia."
"We delivered an improved bottom line despite what shaped up to be a challenging quarter, and see improved operating efficiencies going forward," stated Chief Financial Officer Thomas Hui.
"As we continue to implement best practices throughout the firm, we are also very focused on strategic consolidation and acquisition opportunities which can accelerate our turnaround," explained Mr. Wang.
Consolidated Financial Results
Consolidated results of GigaMedia are summarized in the table below.
GIGAMEDIA Q3 2004 UNAUDITED CONSOLIDATED FINANCIAL RESULTS
(in US$ thousands) 3Q04 3Q03 Change 3Q04 2Q04 Change
(%) (%)
Revenues 22,001 23,733 -7 22,001 23,958 -8
Operating Income
(Loss) 581 (2,562) NA 581 410 42
Net Income
(Loss)(A) 688 (2,690) NA 688 559 23
EBITDA(B) 2,785 (1,167) NA 2,785 2,833 -2
Cash, Cash
Equivalents
and Short-term
Investments 44,968 63,998 -30 44,968 37,709 19
(A) Net income (loss) excludes amounts attributable to minority interests.
GigaMedia's subsidiary G-Music Limited ("G-Music") conducts an offline
music distribution business. Minority shareholders own a 41.4 percent
equity interest in G-Music.
(B) EBITDA (earnings before interest, taxes, depreciation and amortization)
is provided as a supplement to results provided in accordance with
GAAP. See "Use of Non-GAAP Measures" for more details.
Consolidated revenues for the third quarter of 2004 were $22.0 million, a 7 percent decrease over consolidated revenues of $23.7 million for the corresponding period in 2003 and a decrease of 8 percent from consolidated revenues of $24.0 million for the preceding quarter. The quarter-over-quarter decline in consolidated revenues was largely due to the impact of the general downturn in Taiwan's retail music distribution industry on the Company's music distribution business.
Consolidated net income for the third quarter of 2004 was $688 thousand, a turnaround of $3.4 million from a consolidated net loss of $2.7 million for the same period in 2003 and an improvement of $129 thousand, or 23 percent, from consolidated net income of $559 thousand for the preceding quarter. Driving the increase in consolidated net income were strong expense controls in the Company's broadband ISP operations and contributions from the Company's entertainment software business, whose results began to be consolidated with those of the Company starting April 1, 2004.
Consolidated EBITDA for the third quarter of 2004 was $2.8 million, compared to consolidated EBITDA of negative $1.2 million for the same period in 2003. The Company recorded consolidated EBITDA of $2.8 million during the preceding quarter. The year-over-year increase in consolidated EBITDA reflected efficiency improvements in all business units and strong contributions from the Company's entertainment software business.
Cash and other cash equivalents at the end of the third quarter of 2004 totaled $10.1 million, not including additional short-term investments totaling $34.9 million, compared to $9.9 million and $27.8 million, respectively, at the end of the second quarter of 2004. During the third quarter, GigaMedia reclassified previously made long-term bond fund investments totaling approximately $6.8 million as short-term investments, since the maturation of these investments is now within one year.
BUSINESS UNIT RESULTS
Music Distribution Business
(in US$ thousands) 3Q04 3Q03 Change 3Q04 2Q04 Change
(%) (%)
Revenues 14,441 18,803 -23 14,441 16,367 -12
Operating Income
(Loss) (225) (734) 69 (225) (153) -47
Net Income (Loss) (200) (707) 72 (200) 3 NA
The general market downturn in Taiwan's recorded music sales and delayed releases by music labels of albums from certain top artists created a challenging operating environment for the Company's music distribution business in the third quarter. The music distribution business unit's net loss reflected this decline in revenues. Efficiency gains achieved to date from ongoing restructuring helped offset lower sales volumes during the period. Management continues to take steps to lower fixed costs and increase efficiencies to improve this business unit's performance. During the quarter, the Company closed four underperforming stores and continued rollout of a point-of-sale system.
Broadband ISP Business
(in US$ thousands) 3Q04 3Q03 Change 3Q04 2Q04 Change
(%) (%)
Revenues(A) 5,571 4,930 13 5,571 5,614 -1
Operating Income
(Loss)(A) 858 (1,099) NA 858 409 110
Net Income (Loss)(A) 869 (1,297) NA 869 440 98
(A) In previous quarterly and annual releases, GigaMedia included
corporate headquarters expenses and certain other items in the
Broadband ISP Unit results. In the table above, all such amounts have
been excluded for the current and past periods. All numbers are
presented on a consistent basis.
GigaMedia's broadband ISP business delivered increased profitability in the third quarter. In order to retain subscribers in what remains a highly competitive market, the Company's broadband ISP business is focused on providing differentiated, value-added products and services to both consumers and corporate customers. In line with this strategy, during the period, GigaMedia launched the corporate broadband service ON-NET, providing connectivity services between Taiwan, Hong Kong, and China. With the launch of the ON-NET service, GigaMedia is well positioned to rollout additional value- added telecommunications services targeting new corporate customers in Greater China. Ongoing implementation of strict cost controls and enhanced efficiencies resulted in net income of $869 thousand for the third quarter of 2004, compared to a loss of $1.3 million for the same period in 2003.
The number of subscribers in the Company's consumer broadband ISP business during the quarter ended September 30, 2004 decreased slightly compared to the second quarter of 2004 to approximately 97,000, with blended average revenue per subscriber ("ARPU") also down slightly compared to the second quarter of 2004 at approximately $12.00 per month. The number of subscription lines in the Company's corporate broadband ISP business increased by 14 percent quarter-over-quarter, from 583 to 666 lines.
Entertainment Software Business
(in US$ thousands) 3Q04 2Q03 Change 3Q04 2Q04 Change
(%) (%)
Revenues 2,236 NA NA 2,236 2,380 -6
Operating Income
(Loss) 45 NA NA 45 293 -85
Net Income (Loss) 50 NA NA 50 231 -78
The Company's entertainment software business unit made positive contributions to GigaMedia's financial results despite operating in what is seasonally the slowest period for the business. Quarter-over-quarter declines in operating income and net income were due to the slight decrease in revenue and to investments in developing new game software and marketing during the period. Overall market growth in online gaming remains strong; management is executing a plan to expand the business and build a leading position in nascent, non-English-speaking markets outside the United States and the United Kingdom. During the third quarter, the entertainment software business completed development of a multi-player, online poker product targeting non- English-speaking markets and began to market the software to licensees. Preliminary response has been encouraging. Development of additional non- English language products and services is ongoing. The entertainment software business also upgraded customer relationship management tools to enable more efficient online marketing campaigns to licensees. Management expects continued investments in new software games and upgrades of existing game products to drive improved results going forward.
Business Outlook
The following forward-looking statements reflect GigaMedia's expectations as of December 2, 2004. Given potential changes in economic conditions and consumer spending, the evolving nature of broadband and online entertainment software, fluctuations in Taiwan's recorded music market and various other risk factors, including those discussed in the Company's 2003 Annual Report or 20-F filing with the U.S. Securities and Exchange Commission referenced below, actual results may differ materially.
The general business environment remains challenging, with continuing weakness in the music distribution market and strong competition in the broadband ISP market. Despite these challenges, we remain highly confident in our ability to deliver continued profitability and improved operating efficiencies.
Use of Non-GAAP Measures
Management believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is a useful supplemental measure of performance because it excludes certain non-cash items such as depreciation and amortization. EBITDA is not a recognized earnings measure under GAAP and does not have a standardized meaning. Non-GAAP measures such as EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, other financial measures prepared in accordance with GAAP. A reconciliation to the GAAP equivalent of the non-GAAP measure is provided on the attached unaudited financial statements.
About the Numbers in This Release
All figures referred to in the text, tables and attachments to this release are unaudited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, and are presented in U.S. dollars.
Consolidated financial results of the Company for the third quarter of 2004 may differ from totals of the Company's segmental financial results for the same period due to (1) certain inter-company eliminations and (2) the impact of the Company's corporate headquarters and certain non-operating subsidiaries of GigaMedia on the Company's consolidated financial results.
Conference Call and Webcast
GigaMedia will hold a conference call at 9 p.m. Taipei/Hong Kong Time on December 2, 2004, which is 8 a.m. Eastern Daylight Time on December 2, 2004 in the U.S., to discuss the Company's third quarter performance. Individual investors can listen to a webcast of the call at http://ir.giga.net.tw, through CCBN's individual investor center at http://www.fulldisclosure.com, or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (http://www.streetevents.com). The webcast will be available for replay.
About GigaMedia
GigaMedia Limited is a diversified provider of broadband and entertainment services, with headquarters in Taipei, Taiwan. The Company operates Taiwan's two largest music store chains, Rose Records and Tachung Records, through its subsidiary G-Music. The Company also operates a major Taiwanese broadband ISP, providing Internet access service and broadband content with multiple delivery technologies via its Web destination http://www.gigigaga.com. GigaMedia's subsidiary Koos Broadband Telecom Co., Ltd provides broadband services to corporate subscribers in Taiwan. The Company also develops software for online entertainment services, including the global online gaming market. Strategic investors of GigaMedia include the Koos Group, a major participant in Taiwan's manufacturing, finance, telecommunications, media, and cable industries. More information on GigaMedia can be obtained from http://ir.giga.net.tw.
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the Company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2004.
(1) EBITDA (earnings before interest, taxes, depreciation and
amortization) is provided as a supplement to results provided in
accordance with U.S. generally accepted accounting principles
("GAAP"). See "Use of Non-GAAP Measures" for more details.
(Tables to follow)
GIGAMEDIA LIMITED
CONSOLIDATED STATEMENT OF OPERATIONS
(Unaudited)
Three months ended
9/30/2004 9/30/2003 6/30/2004
USD USD USD
Operating revenues
Access revenues 5,231,738 4,766,727 5,227,648
Sales/rental/installation 14,122,377 18,470,416 15,887,330
Software licensing and support
service revenue 2,235,953 0 2,380,414
Advertising revenues 333,466 374,357 379,533
Subscription revenues 60,903 89,988 65,154
Other revenues 16,988 31,350 18,191
Total operating revenues 22,001,425 23,732,838 23,958,270
Costs and expenses
Operating cost 3,836,567 4,021,841 3,965,730
Cost of
sales/rental/installation 11,406,583 15,897,905 13,177,661
Product development &
engineering expenses 244,005 293,531 298,684
Selling and marketing expenses 3,371,684 3,706,262 3,533,002
General and administrative
expenses 2,561,990 2,384,168 2,572,960
Bad debt expenses 0 (8,465) 0
Total costs and expenses 21,420,829 26,295,242 23,548,037
Gain (Loss) from operations 580,596 (2,562,404) 410,233
Non-operating income (expense)
Interest income 8,193 90,045 36,861
Foreign exchange gain (loss) -
net 35,883 (663,328) 78,511
Investment income 8,623 119,406 107
Gain (loss) on disposal of
property, plant & eqpmt. (27,824) (895) (17,770)
Interest expense (238) (118) (1,353)
Other non-operating income
(expense) (1,250) 28,870 113,293
Non-operating income (expense) 23,387 (426,020) 209,649
Income tax expense (1,626) 0 59,596
Minority interest income
(loss) (82,784) (298,079) 1,213
Net income (loss) 688,393 (2,690,345) 559,073
Net income (loss) per common
share 0.01 (0.05) 0.01
Average shares outstanding 50,154,000 50,154,000 50,154,000
Reconciliation of Net Income
to EBITDA
Net income (loss) 688,393 (2,690,345) 559,073
Minority interest income
(loss) (82,784) (298,079) 1,213
Depreciation 1,183,895 1,340,944 1,217,948
Amortization 1,004,791 570,678 1,025,140
Interest (income) expense (7,955) (89,928) (35,509)
Tax (1,626) 0 59,596
EBITDA 2,784,714 (1,166,730) 2,827,461
GIGAMEDIA LIMITED
CONSOLIDATED BALANCE SHEET
(Unaudited)
Three months ended
9/30/2004 9/30/2003 6/30/2004
USD USD USD
Assets
Current assets
Cash and cash equivalents 10,093,622 36,745,855 9,934,588
Short-term investments 34,874,600 27,252,311 27,774,521
Accounts receivable 5,828,519 4,521,059 6,792,321
Inventories - net 7,146,223 7,270,721 6,313,834
Prepaid expenses 1,147,636 986,564 807,489
Restricted cash 32,372 328,889 328,792
Note receivable from officer 0 519,640 0
Other current assets 3,013,841 2,482,599 1,526,984
Total current assets 62,136,813 80,107,638 53,478,529
Investment 1,939,543 16,547,993 9,714,882
Property, plant & equipment - net 15,225,216 19,137,793 14,989,899
Goodwill 15,992,681 752,274 15,992,681
Intangible assets - net 19,565,130 6,472,312 20,331,604
Other assets 3,051,751 4,997,739 3,401,511
Total assets 117,911,134 128,015,749 117,909,106
Liabilities & shareholders' equity
Notes and accounts payable 15,281,970 17,361,592 15,762,462
Accrued compensation 1,325,548 1,128,704 1,473,434
Accrued expenses 3,223,716 1,759,839 3,165,645
Other current liabilities 4,114,190 2,121,365 3,033,221
Total current liabilities 23,945,424 22,371,500 23,434,762
Other liabilities 2,089,748 1,729,755 2,018,199
Total Liabilities 26,035,172 24,101,255 25,452,961
Minority interests 3,050,153 5,483,915 3,152,372
Shareholders' equity 88,825,809 98,430,579 89,303,773
Total liabilities & shareholders'
equity 117,911,134 128,015,749 117,909,106
For further information contact:
Brad Miller, Investor Relations Director
Country/City Code 8862 Tel: 3518-1107
brad.miller@gigamedia.com.tw
P of G...It is like
most of the other websites out there...Hit and miss.. And more an after the fact prediction.
But the combination of two or three seem to get it right most of the time...But be careful with them...They can turn on a dime for any number of reasons...
Rpt, found out that it must just be hit hard before the close.
Thanks, for sharing the website and the stock tip. I used to own transglobe energy when it was cheap. Charissa
Rpt,
I accessed the americanbull website yesterday, but cannot connect today. Is the website usually pretty reliable? I did subscribe for one month just to give it a try. Charissa
In the
oil/gas sector...Keep an eye on TGA
More to come...
http://www.americanbulls.com/StockPage.asp?CompanyTicker=TGA&MarketTicker=AMEX&TYP=S
http://stockcharts.com/def/servlet/SC.web?c=tga,uu[h,a]dalayiay[db][pc5!c10!f][vc60][iut!Uc20!Lb14]&....
RPT
I will include your friend in my prayers. Happy Thanksgiving, Everyone!!!
Yvette my friend with cancer is apparently in extremely serious condition and I fear the outcome will be the same as your friend. Say a few prayers.
Spending time there so not much trading now.
check out eytc selling assets to srcx. Looks like an opportunity to me. I added to my eytc today
jsc....
Glad to hear everything went OK..Amazing what they can do in this day and age.
Not worried about the hunt...I no longer measure the success of a hunt by what's hanging on the meat pole.. But by the quality time spend with good friends and family..
Heading to the "upper" cabin in the morning...Forecast for a storm moving in tomorrow afternoon / evening...Be back on Monday.
Have a GREAT week-end everyone.
Ray
HI everyone. thanks for the thoughtful comments.
I belive everything is ok. Just can't use my left arm yet.
Blue horseshoe did post on the old etoys board sure do miss all the chatter from those folks. Would really like to know what happened to hulk and shortskiller.
I'm considering selling covered call today on aem gg glg
good luck hunting rpt. In IA it bow or shotgun. My son does both
Let me know if you're passing thru Jersey.
You can come see the new house. Can't get to Canada
without passing thru the Northeast. We just did
Niagra Falls in August, the kids loved it.
And NYC decorated for Christmas is Great!!
Drop me a line.
Yvette
Hi Ray, Yvette and Charissa...hope you are all doing well. I am mainly on the SI IPO board...doing IPOs exclusively again. Don't have to watch constantly or set stops to be taken out.
Will continue to stop by and check on all of you.
Planning on traveling here in the US and Canada by car in a few weeks. So many places I have not been and looking forward to it.
Have seen more of Europe than the US and think it is time to remedy that!
Have a Happy Thanksgiving all!
Good luck! Hope you're feeling well quickly...everyone I know that has this surgery had excellent results!
Blue Horseshoe? Where you on that board? I remember that poster...were you there also?
My sister-in-law just had that surgery and she was going pretty good in a couple of weeks. Hope all is well.
Charissa
jsc....Good
luck with that surgery...Here's some info on what your in for.
http://www.google.com/search?hl=en&lr=&q=rotator+cuff+surgery+&btnG=Search
Ray
jsc.....
Years ago I tried bow hunting...Had the same thing happen to me as happened to your son...
Got rid of the bow and went back to my 7MM Weatherby Magnum.
Best all aroung rifle on the market IMO...You can load it up or down depending on what your hunting...And it doesn't "beat" you up if you have an active day in the field.
The weather up here has warmed up, so the hunting has been a little slow this last couple weeks...Expecting a change in the next week or 10 days.... Hope so..Our general season ends on the 28th.
Ray
Ray just returned from Punta Cana yesterday. My oldest son returned from China Wed. he went deer hunting in our woods SAt with a bow. Said he hit a 10 pt buck but crossed over into a neightbors farm and got away. Sound like you are having a great season. The cars here are too. We see a dead deer nearly every 2-3 miles. So far no deaths due to deer accidents. Blue Horsehore posted on the old etysot board. Tommorow I go in for rotator cuff surgery so I may be around here for a few hrs everyday.
My HDWR $$$ Earnings off the chart ( inside )
Headwaters Incorporated Announces Record Results for Fiscal 2004
Wednesday November 10, 4:19 pm ET
43% Increase in Revenues to $554 Million
76% Increase in Net Income to $64 Million
Fiscal Year 2004 Diluted Earnings per Share of $1.95; Record Quarterly Revenues and Net Income
SOUTH JORDAN, Utah--(BUSINESS WIRE)--Nov. 10, 2004-- Headwaters Incorporated (NASDAQ:HDWR - News), today announced results for its fourth quarter and fiscal year ended September 30, 2004. Highlights for the fourth quarter of fiscal 2004 included:
Acquisition of Tapco improves Headwaters' construction materials infrastructure, distribution network, and margins.
Acquisition of Southwest Concrete Products strengthens Headwaters' presence in the Texas institutional / commercial construction block market.
Joint venture with Degussa marks a milestone in the development of Headwaters' nanocatalyst technologies.
Highlights for Fiscal 2004 included:
Organic earnings per share growth for the year (excluding the effect of Fiscal 2004 acquisitions) exceeded 34%.
Revenues, earnings and cash flow further diversified through strategic acquisitions of industry leading, high margin businesses.
Significantly enhanced platform for continued growth in 2005.
Generated $95 million of cash flow from operations.
Total revenue for the fourth quarter ended September 2004, which included the effect of acquisitions, was $198.6 million, up 86% from $106.5 million reported in the September 2003 quarter. Operating income increased 94% to $39.9 million from $20.6 million for the September 2003 quarter. Net income increased to $19.5 million or $0.57 per diluted share, compared with $11.2 million or $0.40 per diluted share in the prior year's fourth quarter.
Total revenue for the year ended September 30, 2004 was $554.0 million, up 43% from $387.6 million reported for the year ended September 30, 2003. Operating income for the year ended September 30, 2004 increased 66% to $127.8 million from $77.1 million for the year ended September 30, 2003. Net income for the year ended September 30, 2004 increased to $64.3 million or $1.95 per diluted share, compared with $36.6 million or $1.30 per diluted share for the year ended September 30, 2003. The earnings per share increase includes one-time license fee revenue recognized in the March quarter from funds held in an escrow account, resulting in an increase of approximately $0.25 of diluted earnings per share.
Wheaton River Minerals Ltd. (Vancouver, British Columbia) is pleased to report third quarter net earnings of US$31 million (US$0.06 per share) for the three months ended September 30, 2004 compared with US$15 million (US$0.03 per share) in 2003. Operating cash flows for the three months were US$46 million, or US$0.08 per share (2003 – US$31 million, or US$0.07 per share).
During the quarter, Wheaton sold 149,700 gold equivalent ounces at a total cash cost of minus US$37 per ounce (net of by-product copper sales). This compared with sales of 126,100 gold equivalent ounces at a total cash cost of US$98 per ounce in 2003, from the same base of operating assets.
“Wheaton’s operations continue to perform extremely well, at cash costs significantly below industry averages” said Ian Telfer, Chairman and CEO. “With no hedging, no debt, and US$500 million in cash resources available for acquisitions, Wheaton is poised to continue its significant growth.”
Net earnings for the nine months ended September 30, 2004 amounted to US$86 million, an increase of 189% over the comparable 2003 earnings of US$30 million. Earnings per share increased significantly to US$0.15 in 2004 from US$0.08 per share in 2003. For the nine months, 454,900 gold equivalent ounces were sold at a total cash cost of minus US$29 per ounce (net of by-product copper sales), compared with 2003 sales of 294,100 gold equivalent ounces at a total cash cost of $114 per ounce. Operating cash flows for the nine months were US$147 million, or US$0.26 per share (2003 – US$62 million, or US$0.17 per share).
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