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CDC Introduces Google's Click-to-Play Video Ads in China
Tuesday October 24, 7:39 am ET
ATLANTA and BEIJING, Oct. 24 /Xinhua-PRNewswire-FirstCall/ -- CDC Corporation (Nasdaq: CHINA), announced today that its portal business unit has launched Google's click-to-play video in the China market via the China.com's English Channel.
ADVERTISEMENT
Google's click-to-play video ads were launched this July as a new way to help Google's advertisers reach their target customers. On the English Channel of China.com, Google's click-to-play video ads will be accessible to both large and small advertisers and will provide brand advertisers with a richer and more engaging format to communicate their messages.
"Google's click-to-play video ads are user-initiated, so that the quality of the user experience is preserved. As a result, advertisers get more engaged users and qualified leads," said Johnny Chou, President of Sales and Business Development, Greater China for Google.
"Google's click-to-play video ads and China.com English Channel working together represent a significant opportunity in servicing the needs of the foreign community in China," said Mr. Fang Donglei, Acting Chief Operating Officer of China.com Inc. "The introduction of Google's click-to-play video ads to China.com reflects the success of the first stage of our partnership. We will continue to provide access to the massive China audience sought by Google and in turn, provide the leading technologies from Google and other industry-leading partners in the world to our users."
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (Nasdaq: CHINA), please visit www.cdccorporation.net .
About CDC Games
CDC Games Limited is focused on building a diversified mix of online game assets and strategic alliances and is a business unit of CDC Corporation. CDC Games is one of the market leaders of online and mobile games in China with over 37 million registered users.
About CDC Software
CDC Software, The Customer-Driven Company(TM), is a provider of comprehensive enterprise software applications and services designed to help businesses thrive and become customer-driven market leaders. The company's industry-specific solutions are used by more than 5,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. CDC Software's product suite includes Pivotal CRM (customer relationship management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Ross ERP (enterprise resource planning) and SCM (supply chain management), MVI real-time performance management, IMI warehouse management and order management, Platinum China HR (human resource) and business analytics solutions. CDC Software is ranked number 18 on the Manufacturing Business Technology 2006 Global 100 List of Enterprise and Supply Chain Management Application vendors. For more information, please visit www.cdcsoftware.com .
About China.com Inc.
China.com Inc. (stock code: 8006; website: www.inc.china.com ), a leading MVAS and Internet services company operating principally in China was listed on the GEM of the Stock Exchange of Hong Kong Limited on March 9, 2000. In December 2000, China.com Inc. was admitted as a constituent stock of the Hang Seng IT and IT Portfolio Indices.
About CDC Mobile
CDC Mobile is the wholly owned subsidiary of China.com Inc. and is focused on providing MVAS products to subscribers in China.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the launch of future products and services, continued expansion and growth of our businesses, potential acquisitions, synergies between our businesses and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including the following: (a) the ability to leverage the strategic partnership with Google; (b) the ability to build a broader portfolio of products and services for the users of the portal in China;(c) the ability to realize benefits for the portal utilizing Goggle's technology; and (d) the effects of restructurings and rationalization of operations. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2005 on Form 20-F filed on June 21, 2006. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise
For More Information:
Investor Relations
Monish Bahl
CDC Corporation
Tel: +1-678-259-8510
Email: monishbahl@cdcsoftware.com
Media Relations
Scot McLeod
CDC Corporation
Tel: +1-770-351-9600
Email: ScotMcLeod@cdcsoftware.com
--------------------------------------------------------------------------------
http://biz.yahoo.com/prnews/061024/hktu004.html?.v=41
CBIZ Reports Third-Quarter 2006 Results
Tuesday October 24, 7:19 am ET
Year-to-Date Earnings Per Share From Continuing Operations Up 30%
CLEVELAND, Oct. 24 /PRNewswire-FirstCall/ -- CBIZ, Inc. (NYSE: CBZ - News) today announced third-quarter results for the period ended September 30, 2006.
CBIZ reported revenue of $143.4 million for the third quarter ended September 30, 2006, an increase of 5.9% over the $135.3 million recorded for the third quarter of 2005. Same-unit revenue for the third quarter increased by 2.3%, or by $3.2 million. Revenue from newly acquired operations contributed $4.9 million to revenue growth in the third quarter of 2006 compared with the third quarter a year ago. CBIZ reported income from continuing operations of $3.3 million for the third quarter 2006, or $0.05 per diluted share, compared with $2.9 million, or $0.04 per diluted share in the third quarter of 2005.
http://biz.yahoo.com/prnews/061024/cltu012.html?.v=68
AOB: American Oriental Bioengineering, Inc. Announces Preliminary Results for Third Quarter 2006
Business Wire - October 23, 2006 09:24
A -- Company Expects to Report Revenue of Approximately $27 million for Third Quarter and EPS of at least $0.11; Representing 102% and 38% Increase from Last Year A -- Earnings Conference Call Scheduled for November 14, 2006 at 4:45 PM EST to Discuss Final Results
NEW YORK, Oct 23, 2006 (BUSINESS WIRE) -- American Oriental Bioengineering, Inc. (AMEX: AOB), a leading manufacturer and distributor of plant-based pharmaceutical and nutraceutical products in China, today announced preliminary results for the third quarter 2006 and the date for the Company's third quarter conference call to discuss final results.
The Company expects to report revenue of approximately $27 million for the third quarter 2006, which would represent a 102 percent increase from the third quarter of last year based on continued strength across all major product lines. AOB expects to report earnings per share of at least $0.11 for the third quarter 2006, which would represent 38 percent increase from last year.
Management will conduct a conference call on November 14, 2006 to announce final third quarter 2006 results. During that time management will provide further financial details in regards to the third quarter.
The conference call will take place at 4:45 p.m. ET. Interested participants should call 888-243-1152 when calling within the United States or 973-582-2868 when calling internationally. There will be a playback available until Nov 21, 2006. To listen to the playback, please call 877-519-4471 when calling within the United States or 973-341-3080 when calling internationally. Please use pass code 8024117 for the replay.
This call is being webcast by ViaVid Broadcasting and can be accessed at American Oriental Bioengineering's Web site at http://www.bioaobo.com. The webcast may also be accessed at ViaVid's Web site at www.viavid.net. The webcast can be accessed until December 14, 2006 on either site.
would you push us over $7.00> please !!
CHINA +0.20 +3.02% 868,760 $6.82 CDC CORPORATION CL-A
who knows...........maybe the MARS family is next !!!!!
Love those MARS bars !!!!!!!!
First time outside the family....wow is right!
Wrigley Names Nike's Perez As CEO
Monday October 23, 10:03 am ET
Wrigley Names Former Nike CEO William Perez As the First Person Outside Family to Head Company
CHICAGO (AP) -- Wm. Wrigley Jr. Co., the world's largest chewing-gum manufacturer, named former Nike Inc. CEO William Perez on Monday as the first person outside the Wrigley family to head the 114-year-old company.
Perez, 59, replaces Bill Wrigley Jr., who also had been serving as chairman. Wrigley will remain in the post as executive chairman.
Perez was president and chief executive of athletic apparel maker Nike until earlier this year. He was an executive at SC Johnson for 34 years, including eight years as president and chief executive. He will also join Wrigley's board of directors.
Wrigley said he recommended to the board of directors that Perez be brought in as CEO.
"To continue to effectively drive our dynamic and highly competitive global company, I firmly believe this is the right time to divide the top leadership responsibilities between two people, particularly given today's commercial and governance climate," said Wrigley, who had headed the company since his father William Wrigley died in 1999.
Wrigley products include gum and candy under the brand names Wrigley, Altoids, Juicy Fruit and others.
The announcement came as Wrigley reported an increase of 14 percent in third-quarter earnings, lifted by a sales rise in Asia.
Quarterly net income totaled $148 million, or 53 cents per share, compared with net income of $129.7 million, or 46 cents per share during the same period last year. Revenue grew 11 percent to $1.18 billion, from $1.06 billion last year.
Results included a 2-cent restructuring charge. All per-share figures reflect a 5-for-4 stock split on May 1.
Analysts had expected earnings of 51 cents per share on revenue of $1.15 billion, according to a Thomson Financial poll.
Shares in the company jumped $5.69, 12.2 percent, to $52.54 in morning trading on the New York Stock Exchange.
http://www.wrigley.com
WWY = WOW !!!!!!!!!
WRIGLEY WM JR CO (NYSE:WWY) Delayed quote data
Last Trade: 52.50
Trade Time: 10:05AM ET
Change: +5.67 +12.11%
Prev Close: 46.83
Open: 48.45
Bid: N/A
Ask: N/A
1y Target Est: 53.44
Day's Range: 48.37 - 53.03
52wk Range: 43.00 - 57.90
Volume: 1,550,200
Avg Vol (3m): 1,202,560
Market Cap: 14.57B
P/E (ttm): 30.89
EPS (ttm): 1.70
Div & Yield: 1.02 (2.20%)
More solid earnings may keep rally going
Sunday October 22, 12:17 pm ET
By Chris Sanders
http://biz.yahoo.com/rb/061022/column_usa_stocks_outlook.html?.v=1
NEW YORK (Reuters) - U.S. stocks should extend their rally this week, taking the Dow to fresh records, as long as corporate earnings keep topping expectations and beat back concerns that equities have gotten a tad pricey recently.
This week, which is smack in the middle of the third-quarter earnings reporting period, the Federal Reserve's monetary policy committee meets and is expected to leave interest rates unchanged again, making the two-day meeting a likely nonevent for stocks.
Investors will need to be cautious of huge, index-moving, swings like those of the shares of heavy equipment maker Caterpillar Inc. (NYSE:CAT - News), which sorely disappointed investors with a smaller-than-expected profit and a poor outlook, and easily held the Dow in negative territory in Friday trading.
A flood of earnings reports is expected. Companies due to report include American Express Co. (NYSE:AXP - News), AT&T Inc. (NYSE:T - News), Ford Motor Co. (NYSE:F - News), Halliburton Co. (NYSE:HAL - News), Kimberly-Clark Corp. (NYSE:KMB - News), Texas Instruments Inc. (NYSE:TXN - News), Kraft Foods Inc. (NYSE:KFT - News) and Exxon Mobil Corp. (NYSE:XOM - News).
"I think the fundamental earnings figures that are going to come out are going to be positive enough to keep us inching forward," said Brett Gallagher, deputy chief investment officer with Julius Baer in New York.
Third-quarter earnings for Standard & Poor's 500 companies are on pace to rise close to 15 percent from a year ago, according to Reuters Estimates. That would be the 17th straight quarter of double-digit profit growth for U.S. companies.
"As long as we have a combination of solid earnings, a market-friendly Fed and no geopolitical trepidation, gains in stocks may still continue," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey.
The Fed is expected to leave interest rates unchanged at its policy-setting committee meeting Oct 24-25.
Yet when the market reaches key psychological levels, such as the Dow hitting a record high on October 3 after passing a nearly 7-year-old benchmark set during the Internet boom, or breaching the 12,000 level last week, it has caused investors to lock in profits and sell shares.
"A lot of people who look at breadth and technical nature of the markets say we are a bit overbought right now, so there could be a technical argument for why we pull back," Baer's Gallagher added.
Existing home sales data for September are due on Wednesday, a report on durable goods orders for September is expected Thursday and the final reading on October sentiment from the University of Michigan is due on Friday.
"The Fed meeting should really be a nonevent," said Marc Pado, U.S. market strategist with Cantor Fitzgerald & Co. in San Francisco. He added that the housing data "would have to be a very disruptive number to worry people."
A sharp drop in crude oil prices since mid-July and the Fed's decision to keep interest rates steady in its last two policy meetings have helped underpin the rally in stocks, with the Dow Jones industrial average (^DJI - News) piercing the 12,000 milestone on Wednesday.
Gains in International Business Machines Corp. (NYSE:IBM - News), which reported stronger-than-expected earnings late Tuesday, helped drive the Dow over the 12,000 mark the next day.
U.S. stocks were little changed on Friday after industrial bellwether Caterpillar Inc. (NYSE:CAT - News) missed earnings expectations and the heavy equipment maker lowered its outlook, offsetting a strong profit from Google Inc. (NASDAQ:GOOG - News) and the benefit of falling oil prices.
For the week, the Dow gained 0.35 percent, S&P 500 rose 0.22 percent and the Nasdaq shed 0.64 percent.
To be sure, not everyone thinks solid earnings alone will keep indexes moving higher.
"We are set for a pullback unless earnings guidance going forward continues to be strong. That's what needs to happen. If that doesn't happen, then this will be a short-lived rally," said Neil Massa, senior U.S. trader at MFC Global Investment Management.
(Additional reporting by Caroline Valetkevitch, Ellis Mnyandu and Vivianne Rodrigues)
(The Stocks Outlook column appears every Sunday. Comments or questions on this one can be e-mailed to chris.sanders@reuters.com)
yes, thanks for thinking of me <g>. I was surprised at the sell off yesterday when the merger is so close.
RBNF: Rurban Financial Corp. Reports Third Quarter 2006 Earnings of $814,000, Up 65.3% over Third Quarter 2005
Wednesday October 18, 9:18 pm ET
DEFIANCE, Ohio, Oct. 18 /PRNewswire-FirstCall/ -- Rurban Financial Corp. (Nasdaq: RBNF - News), a diversified provider of full-service community banking, investment management, trust services and bank data processing, today reported third quarter 2006 earnings. Highlights of the quarter include:
- Net income of $814,000, up $322,000 or 65.3 percent, compared with
net income of $492,000 reported for the third quarter of 2005. Diluted
earnings per share were $0.16 for the current quarter, up 45.5 percent
from $0.11 reported for the 2005 third quarter; average diluted shares
outstanding increased 10.0 percent year-over-year.
- Consolidated non-performing assets at 2006 third quarter-end, including
RFCBC, the loan workout subsidiary, were $6.1 million or 1.07 percent
of total assets, compared with $15.0 million or 3.43 percent of assets
for the prior-year third quarter.
- On October 10th, Rurban announced that it filed an application to open
a full-service banking center in Fort Wayne, Indiana where it presently
has a Loan Production Office.
- Since January 1, 2006, Rurban's Banking Group, consisting of The State
Bank and Trust Company and The Exchange Bank, reported organic loan
growth of $37.3 million, or 11.4 percent (15.2 percent annualized).
Deposit growth since year-end 2005 was $27.3 million or 7.1 percent
(9.5 percent annualized).
- The Company's efficiency ratio was 88.15 percent for the consolidated
entity. The efficiency of the Banking Group continues to reduce from
93.53 percent a year-ago to 84.01 percent for the current quarter.
- RDSI, the data processing subsidiary, reported a strong quarter with
revenue of $4.1 million, up 22.3 percent from third quarter last year.
Net income of $478,000 was $187,000 or 64.3 percent higher. RDSI
completed its acquisition of Lansing, Michigan based Diverse Computer
Marketers (DCM) on September 2, 2006. DCM will operate as a subsidiary
of RDSI.
Kenneth A. Joyce, President and Chief Executive Officer, commented, "We continue to make progress as a result of the initiatives we began in 2005. Rurban had solid core earnings for three consecutive quarters and the expense of the expansion initiatives has been moderating throughout 2006. We believe we are now positioned to achieve greater growth and profitability as we take Rurban into new markets and products."
Full read and balance sheets:
http://biz.yahoo.com/prnews/061018/clw043.html?.v=71
CBZ: CBIZ, Inc Earnings Conference Call (Q3 2006)
Scheduled to start Tue, Oct 24, 2006, 11:00 am Eastern
http://biz.yahoo.com/cc/1/73441.html
Tim, I'm sure you've seen this: American Access Technologies Reports Sales of Third Quarter and Nine Months Ended September 30, 2006
Tuesday October 17, 3:59 pm ET
Updates status of proposed business combination with M & I Electric
KEYSTONE HEIGHTS, Fla., Oct. 17 /PRNewswire-FirstCall/ -- American Access Technologies, Inc. (Nasdaq: AATK - News) announces that preliminary unaudited sales for the three months ended September 30, 2006 were approximately $2,034,000, a decrease of 14% over third quarter 2005 sales of $2,357,703. For the nine months ended September 30, 2006, preliminary unaudited sales were $6,333,000, a 1% increase over the 2005 period of $6,293,400.
Significant factors contributing to the decrease in sales in third quarter 2006 are the timing of various zone and wireless projects, and a continued focus on higher margin products and customers.
Tim Adams, President and Chief Operating Officer, commented, "We are pleased that American Access Technologies recorded our sixth straight quarter of sales in excess of $2 million. We are committed to continue our focus on profitable growth and improved manufacturing efficiencies."
Detailed information on financial results for the third quarter and nine months ended September 30, 2006 will be included in the Company's Quarterly Report on Form 10-QSB that will be filed with the Securities and Exchange Commission on or before November 14, 2006. The preliminary results noted above are subject to revision.
Update on M & I Electric Industries, Inc.
The board of directors is scheduled to receive final due diligence reports and presentations concerning the proposed business combination with M & I Electric Industries, Inc. at its October 27, 2006 meeting and expects to review, discuss and vote upon the definitive agreement for such transaction at the meeting. The Company will issue a press release reporting on the action taken by the board as soon as possible after the conclusion of the meeting.
About American Access Technologies, Inc.
American Access Technologies, Inc. manufactures patented zone cabling and wireless enclosures that mount in ceilings, raised floors, and in custom furniture, for routing of telecommunications cabling, fiber optics and wireless solutions to the office desktop. The Company's concept of "zone cabling" reduces costs for initial network installation and facilitates moves, adds, changes and upgrades for the network installations of today and tomorrow. The Omega Metals division manufactures proprietary products, and also employs state-of-the-art metal fabrication and finishing techniques for public and private companies and U.S. government contractors.
Our Company SEC filings, news and product/service information are available at www.aatk.com.
Cautionary Note Concerning Forward-Looking Statements: This press release contains forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding future levels of revenues and profits. While the Company believes that such forward-looking statements are based on reasonable assumptions, there can be no assurance that such future levels of revenues and profits will be achieved or achieved on the schedule indicated. Furthermore, unanticipated future events, conditions and financial trends may affect the Company's revenues, operating results and financial position. Prospective investors are cautioned that these forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, and are subject to various risks and uncertainties, including those listed in the Company's SEC filings. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future events make it clear that any of the projected results expressed or implied therein will not be realized.
Investor Notice: American Access Technologies, Inc. will file a proxy statement and other documents with the Securities and Exchange Commission in relation to the proposed business combination with M&I Electric Industries, Inc. Investors and shareholders are urged to carefully read these documents when they become available because they will contain important information concerning American Access Technologies, Inc., M&I Electric Industries, Inc. and the proposed business combination. A definitive proxy statement will be sent to shareholders of American Access seeking their approval of the transactions contemplated in connection with the business combination. Investors and security holders may obtain a free copy of the proxy statement (when it is available) and other documents containing information about American Access, without charge, at the SEC's website at http://www.sec.gov . Copies of the American Access proxy statement and the SEC filings that will be incorporated by reference in the proxy statement may also be obtained free of charge by directing a request to Joseph McGuire, CFO of American Access, at (352) 473-6673, by e-mail to jmcguire@aatk.com or by accessing its website at http://www.aatk.com .
American Access Technologies, Inc. and its officers and directors may be deemed to be participants in the solicitation of proxies from its shareholders. Information about these persons and a description of their direct or indirect interests, by security holdings or otherwise, can be found in American Access' Annual Report on Form 10-KSB filed with the SEC, and additional information about such persons may be obtained from the proxy statement related to this transaction when it becomes available.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities. The securities to be offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Company Contact: Joe McGuire, Chief Financial Officer
(352) 473-6673
I love CHANGE....brings new perspective to the busine$$ !!!!!
Press Release Source: Teva Pharmaceutical Industries Ltd.
TEVA Announces Planned Retirement of President & CEO in 2007
Wednesday October 18, 9:50 am ET
Shlomo Yanai to Succeed as President & CEO
JERUSALEM--(BUSINESS WIRE)--Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA - News) announced today that Israel Makov, 67, has announced his plans to retire as President and CEO during the course of 2007. Shlomo Yanai, 55, will join the company as President and CEO Designate during the first part of 2007.
Mr. Makov will continue to work with Teva as a senior strategic advisor to the company for the next two years and, during the transition period, Messrs. Makov and Yanai, along with the board, will work together to ensure a seamless leadership transition.
Mr. Makov said: "My 11 years at Teva have been a wonderful experience. I am gratified at the opportunity I have had to lead Teva through a very exciting period in its history, a period during which it has become a truly global company, and the industry leader. It has been a pleasure--and a privilege--to lead Teva's outstanding management team in developing what I believe is a very strong foundation for continued profitable growth. And it is my great pleasure today to welcome Shlomo Yanai to Teva. I wish him every success, and offer him all my support in leading this exceptional company into a very bright future."
Eli Hurvitz, Chairman of the Board of Teva, said: "Today's announcement is part of our planned succession strategy. This is just the first opportunity of many that we will have to thank Israel Makov for the role he has played in dramatically increasing the scope and scale of Teva's business and solidifying our position as the world's leading generic pharmaceutical company. During his tenure as CEO, Teva's sales will have increased over four-fold, to approximately $8.5 billion; its adjusted net income will have increased approximately six-fold; and the average annual return to investors has been 24%. Israel has considerably expanded and enhanced our balanced business model, both in terms of our lines of business, including our broad generic portfolio, our strength in active pharmaceutical ingredients, and our increasingly significant branded and innovative product businesses; and in terms of our geographic reach which now extends beyond our historic core markets of North America and Western Europe to markets with extraordinary growth opportunities such as Central and Eastern Europe, Russia, and Latin America."
"We are delighted to welcome Shlomo Yanai who is recognized as one of Israel's outstanding business leaders, and brings his extraordinary complement of operational, management development and strategic planning talents. These capabilities will be invaluable to Teva during what we anticipate will be a time of great change in the pharmaceutical industry, driven by ongoing cost containment pressures and the globalization of resources."
Mr. Yanai will join Teva from Makhteshim Agan Industries Ltd., a publicly traded company on the Tel Aviv Stock Exchange, which is the world's leading manufacturer and distributor of generic crop protection chemicals. This company had sales in more than 100 countries aggregating in excess of $1.7 billion in 2005. Since 2003, in his role as CEO of Makhteshim Agan, Mr. Yanai directed a thorough strategic repositioning of the company and achieved a two-fold increase in sales and a three-fold increase in profits, without any commensurate increase in headcount. Prior to that, Mr. Yanai served for 32 years with the Israel Defense Forces (IDF) where he achieved the rank of Major General and successively held two of the most senior positions within the IDF: Commanding Officer of the Southern Command and then Head of the Division of Strategic Planning of the IDF.
Mr. Yanai said, "I am extremely excited about the opportunity to take the helm of a company like Teva whose strong position, global supply chain and excellent execution capabilities are reflected in its role as a worldwide leader in the healthcare industry. While I am somewhat daunted to be filling the shoes of Israel Makov and Eli Hurvitz before him, I am most appreciative of their support and look forward to their advice and counsel during the transition period and beyond."
The appointment of Shlomo Yanai is the culmination of an ongoing succession planning process which has been led by the Compensation Committee comprised of independent directors acting as an informal Succession Planning Committee of the Board of Directors. This committee has been working for the past few years to ensure that the next generation of leadership for Teva is clearly in place.
Biographical Information
Shlomo Yanai
Shlomo Yanai has served as President and Chief Executive Officer of Makhteshim Agan Industries Ltd. since May 2003. Makhteshim Agan is publicly traded on the Tel Aviv Stock Exchange and is the world's leading manufacturer and distributor of generic crop protection chemicals, with 2005 sales across 100 countries in excess of $1.7 billion.
Prior to joining Makhteshim Agan, Mr. Yanai served for 32 years with the Israel Defense Forces, where he achieved the rank of Major General, the highest rank beneath Chief of Staff, and successively held two of the most senior positions within the IDF: Commanding Officer of the Southern Command and then Head of the Division of Strategic Planning of the IDF. He also served as Head of the Army R&D and Procurement Division of the IDF Army ground corps command. Mr. Yanai was the head of the Israeli security delegation to the peace talks at Camp David, Shepherdstown and Wye River.
Mr. Yanai is a board member of Bank Leumi Le-Israel and I.T.L. Optronics Ltd. He is a member of the International Advisory Board of the M.B.A. program of Ben-Gurion University, and an honorary member of the Board of the Institute for Policy and Strategy of the Interdisciplinary Center, in Herzlia, Israel, one of the country's most prestigious private universities.
Mr. Yanai has received numerous awards, among them the Israel Defense Forces - Distinguished Service Medal in 1973, the Max Perlman Award for Excellence in Global Business Management in 2005 and the Dun & Bradstreet Leadership Excellence Award in 2006.
Mr. Yanai received a B.A. in Political Science and Economics from Tel Aviv University, and an M.P.A. in National Resources Management from George Washington University, and is a graduate of the Advanced Management Program of the Harvard Business School.
About Teva
Teva Pharmaceutical Industries Ltd., headquartered in Israel, is among the top 20 pharmaceutical companies in the world and is the leading generic pharmaceutical company. The company develops, manufactures and markets generic and innovative human pharmaceuticals and active pharmaceutical ingredients, as well as animal health pharmaceutical products. Over 80 percent of Teva's sales are in North America and Europe.
Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management's current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause Teva`s future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to Teva's ability to rapidly integrate Ivax Corporation's operations and achieve expected synergies, Teva`s ability to successfully develop and commercialize additional pharmaceutical products, the introduction of competing generic products, the impact of competition from brand-name companies that sell or license their own brand products under generic trade dress and at generic prices (so called "authorized generics") or seek to delay the introduction of generic product, the impact of consolidation of our distributors and customers, regulatory changes that may prevent Teva from exploiting exclusivity periods, potential liability for sales of generic products prior to a final resolution of outstanding litigation, including that relating to the generic versions of Allegra®, Neurontin®, Oxycontin® and Zithromax®, the effects of competition on Copaxone® sales, including as a result of the reintroduction of Tysabri® into the market, the impact of pharmaceutical industry regulation and pending legislation that could affect the pharmaceutical industry, the difficulty of predicting U.S. Food and Drug Administration, European Medicines Agency and other regulatory authority approvals, the regulatory environment and changes in the health policies and structures of various countries, Teva's ability to successfully identify, consummate and integrate acquisitions, potential exposure to product liability claims, dependence on patent and other protections for innovative products, significant operations worldwide that may be adversely affected by terrorism or major hostilities, environmental risks, fluctuations in currency, exchange and interest rates, operating results and other factors that are discussed in Teva's Annual Report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Teva Pharmaceutical Industries Ltd.
Dan Suesskind
Chief Financial Officer
(011) 972-2-589-2840
or
Teva North America
George Barrett
President and CEO
215-591-3030
or
Teva Investor Relations
Liraz Kalif / Kevin Mannix
(011) 972-3-926-7281 / (215) 591-8912
--------------------------------------------------------------------------------
Source: Teva Pharmaceutical Industries Ltd.
TEVA..........
TEL AVIV, Oct 18 (Reuters) - Israeli generic drugmaker Teva Pharmaceutical Industries (TEVA.O: Quote, Profile, Research) (TEVA.TA: Quote, Profile, Research) said it would issue a statement later on Wednesday after trading in its shares in Tel Aviv was halted, following an Isreali media report that its chief executive had resigned.
A company official gave no further
.
Chinese Printing Ink Market will Continue to Grow
Oct 17, 2006 11:00:00 PM
Copyright Business Wire 2006
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DUBLIN, Ireland--(BUSINESS WIRE)--
Research and Markets (http://www.researchandmarkets.com/reports/c43723) has announced the addition of Chinese Market for Printing Inks to their offering.
China's demand for printing inks has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (1995, 2000 and 2005) and long-term forecasts throughout 2010 and 2015 are presented. Major producers in China are profiled.
Empire Financial Group, Inc.
CBOT Holdings Reports Record Revenue and Earnings for the Third Quarter of 2006
Tuesday October 17, 8:07 am ET
Revenue Increases 45 Percent, Operating Margin Expands 20 Percentage Points
CHICAGO, Oct. 17 /PRNewswire-FirstCall/ -- CBOT Holdings, Inc., holding company for the Chicago Board of Trade (CBOT®), announced today that revenue for the third quarter 2006 increased 45 percent to $163.0 million compared with $112.2 million in the third quarter of 2005. Net income for the quarter more than doubled, hitting a new high of $48.8 million versus $19.8 million for the comparable period last year. Third quarter 2006 earnings per diluted share were $0.92 compared to $0.40 in last year's third quarter. These record-setting results were driven by trading volume growth across all product categories, higher average exchange fee rates and tight cost controls.
http://biz.yahoo.com/prnews/061017/cgtu044.html?.v=73
Brig, what do you think of TLM ?
http://www.investor.reuters.com/Article.aspx?docid=10180&target=companyoftheday
EDU...............
New Oriental Education profit doubles
By MarketWatch
Last Update: 4:55 AM ET Oct 17, 2006
LONDON (MarketWatch) - Chinese private educational services company New Oriental Education and Technology Group Inc. on Tuesday reported a doubling of its quarterly profit.
New Oriental ( EDU ) said fiscal first-quarter ending Aug. 31 profit doubled to 165.1 million yuan ($21 million), or 73 cents per U.S.-listed share, with revenue up 31% to $54 million.
Excluding share-based compensation expenses, the company would've earned 76 cents a share.
.
Monday's biggest stock gainers and decliners
Monday October 16, 5:34 pm ET
By Michael Baron
Advancers
Distributed Energy Systems' (NASDAQ:DESC - News) shares rose 9% Monday after the company said its Proton Energy unit has received a contract to install a hydrogen fueling system in the New York City metropolitan area from Shell Hydrogen LLC, a part of Royal Dutch Shell. Financial terms weren't disclosed.
Eaton Corp. (NYSE:ETN - News) shares added 7.5% after the company reported third-quarter earnings of $248 million, or $1.62 a share, up from a year-ago profit of $199 million, or $1.30 a share. Excluding items in both periods, the Cleveland industrial manufacturer reported operating earnings of $1.65 a share for the third quarter, up from last year's equivalent profit of $1.33 a share. Sales rose 13% in the latest three months to $3.12 billion from $2.77 billion in the same period a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of $1.59 a share in the September period on revenue of $3.11 billion.
Emerge Interactive (NASDAQ:EMRG - News) shares soared 73% after the company agreed to merge with PRIME BioSolutions LLC. The deal calls for an investment in Emerge of $70 million in additional capital in exchange for common stock, preferred stock or convertible debt. The parties expect the additional capital will be sufficient to fund the construction of two ethanol production plants of 24 million gallons each.
Evergreen Solar (NASDAQ:ESLR - News) shares surged 15% after the Marlboro, Mass.-based company said it has signed a $100 million supply contract with Mainstrean Energy LLC. Under the terms of the agreement, Evergreen Solar will ship $100 million of photovoltaic modules to Mainstream Energy over the next four years.
Geron Corp. (NASDAQ:GERN - News) shares advanced 8.3% after the Menlo Park, Calif.-based biopharmaceutical company named Alan Colowick as president, oncology. Previously, Colowick was the chief medical officer of Threshold Pharmaceuticals Inc.
Greenbrier Cos. (NYSE:GBX - News) shares moved up 9.2% after the company agreed to buy Meridian Rail Holdings Corp. from private equity firm Olympus Partners for $227.5 million. The railcar manufacturer said it expects the deal to enhance its earnings in fiscal 2007. Greenbrier also said it has formed a joint venture with Grupo Industrial Monclova to build new railroad freight cars for the North American market. Production will take place at GIMSA's existing facility in Monclova, Mexico, and is due to start in the second quarter of 2007.
JLG Industries (NYSE:JLG - News) shares jumped 33% after the company agreed to be acquired by Oshkosh Truck Corp. (NYSE:OSK - News) for $28 a share.
Lumera Corp.'s (NASDAQ:LMRA - News) share price more than tripled after the Bothell, Wash.-based company said it has completed successful testing of its millimeter wave wireless bridge. Lumera said the system will allow the transmission of "vast amounts of data via a variety of high speed telecommunications networks." The company said the single band wireless communications system completes the first phase of its product development. In mid-November, Lumera expects to finalize the development and testing of its multiband system.
Medtox Scientific (NASDAQ:MTOX - News) shares rose 23% after the company reported third-quarter earnings surged 79% to $1.5 million, or 17 cents a share, from a year-ago profit of $825,000, or 10 cents a share.
Natus Medical Inc. (NASDAQ:BABY - News) shares added 6.4% after the company agreed to buy the privately-held Olympic Medical Corp. for $19.3 million. Olympic Medical develops medical products used in neonatal and pediatric units, including devices to detect neurological function in newborn babies. Natus said it will make further cash payments over a three-year period depending on sales of Olympic Medical products. Natus added it expects to take a charge of $4 million to $6 million in the fourth quarter related to the write-off of acquired in-process research and development.
Open Solutions Inc. (NASDAQ:OPEN - News) shares gained 24% after the company confirmed an agreement to be acquired by The Carlyle Group and Providence Equity Partners. The deal is worth more than $1.3 billion, including debt assumption. The terms calls for Open Solutions' shareholders to receive $38 per share in cash for each common share held, a level that represents a 32% premium to the average closing price of the stock over the past 30 trading days.
Tarragon Corp. (NASDAQ:TARR - News) shares gained 5.4% after the company announced progress on four separate projects, including redevelopment of a 44-acre corridor of underused industrial land in Ridgefield, N.J. The company said the project will take five years and cost about $350 million.
Decliners
Delta Apparel (AMEX:DLA - News) shares fell 11.2% Monday after the company said fiscal first-quarter ending Sept. 30 results won't meet earlier expectations on below average sales at its Junkfoods business. Delta business revenue also was below expectations, and margins were hurt by weak pricing and promotional freight costs. Quarterly revenue will be in the range of $61 million to $63 million versus its prior expectation of $64 to $68 million. It also now expects diluted earnings per share in the range of 25 cents to 27 cents a share versus prior guidance of 41 to 45 cents. For the year, sales will be between $325 million to $340 million, on earnings between $1.81 and $2 a share.
LaBranche & Co. Inc. (NYSE:LAB - News) shares dropped 18% after the company said net income for the three months ended Sept. 30 fell to $7.8 million, or 13 cents a share, from $9.2 million, or 15 cents a share in the year-ago period. Revenue climbed to $125.4 million from $83.7 million. LaBranche said revenue in the latest period included a pre-tax gain of $17.6 million for restricted shares of NYSE Group, Inc. Excluding the gain, net operating loss for the third quarter of was $2.1 million, or 3 cents a share. LaBranche was expected to earn 11 cents a share, according to the average forecast in a survey of analysts by Thomson First Call.
Omrix Biopharmaceuticals (NASDAQ:OMRI - News) shares dropped 14% after the company announced positive results from its Phase III clinical trial of human thrombin in achieving hemostasis in general surgery procedures. All primary endpoints were met, the company said. Omrix expects to file its file its biologics license application by Nov. 15.
SumTotal Systems (NASDAQ:SUMT - News) shares lost 14% after the Mountain View, Calif.-based software company said it expects a third-quarter net loss of $2.6 million to $2.8 million, or 10 cents to 11 cents a share, on revenue of $26.8 million to $27 million. Excluding items, the company expects a per-share profit of $900,000 to $1.1 million, or 3 cents to 4 cents a share. Analysts polled by Thomson First Call had forecast a per-share profit of 9 cents on revenue of $26.9 million.
http://biz.yahoo.com/cbsm/061016/2ae89015cb134a77ac83f87d492b48af.html
CAMT: Nan Ya Orders Multiple Camtek AOI Systems for Plants in China and Taiwan
Monday October 16, 8:00 am ET
MIGDAL HA'EMEK, Israel, October 16 /PRNewswire-FirstCall/ -- Camtek Ltd. (NASDAQ: CAMT & TASE: CAMT) announced today that Nan Ya PCB Corporation, a global top-10 manufacturer of IC substrates headquartered in Taiwan, has ordered a total of nine automated optical inspection (AOI) systems for its plants in China and Taiwan. The majority of the systems were installed during the third quarter. The rest are scheduled for delivery during the fourth quarter of 2006.
Mr. Cliff Young, General Manager of Camtek Taiwan, said "These repeat orders continue our cooperation of nearly two years with Nan Ya. We are proud to have been chosen as AOI supplier for Nan Ya's expansion plans, and we are looking forward to continue this cooperation into the future."
About Nan Ya PCB Corporation
Nan Ya PCB Corporation is a subsidiary of the Formosa Plastics Group, which is one of the famous and outstanding private groups in Taiwan, with 19 years of efforts of continual improvement, expansion and fully integrated operations of electronics raw material. These efforts have boosted Nan Ya's PCB and IC substrate capacity to 2.25 million square feet per month as of the second half of 2005, and have been rewarded and certified by worldwide well-known companies such as Apple, Broadcom, Cisco, nVidia, and Sony as a consistent supplier.
About Camtek Ltd.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. This press release is available at www.camtek.co.il.
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
CONTACT INFORMATION
CAMTEK: IR/PR ISRAEL IR INTERNATIONAL
Ronit Dulberg, CFO Financial Communication Ehud Helft / Kenny Green
GK International
Tel: +972-4-604-8308 Noam Yellin Tel: (US) +1-866-704-6710
Fax: +972-4-604-8300 kenny@gk-biz.com
Mobile: +972-54-9050776 Tel: +972-3-6954333 ehud@gk-biz.com
ronitd@camtek.co.il Fax: +972-544-246720
--------------------------------------------------------------------------------
Source: Camtek Ltd
http://biz.yahoo.com/prnews/061016/ukm013.html?.v=76
hey brig, take a look at this one & let me know your thoughts.
just starting to research a little.....as I saw it on that IBD listing @ #2 !
AOB
http://www.bioaobo.com/
check out #3 on the list !!
http://biz.yahoo.com/special/low101606.html
Return On Equity - ROE
A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.
Also known as "return on net worth (RONW)".
The ROE is useful for comparing the profitability of a company to that of other firms in the same industry.
There are several variations on the formula that investors may use:
1. Investors wishing to see the return on common equity may modify the formula above by subtracting preferred dividends from net income and subtracting preferred equity from shareholders' equity, giving the following: return on common equity (ROCE) = net income - preferred dividends / common equity.
2. Return on equity may also be calculated by dividing net income by average shareholders' equity. Average shareholders' equity is calculated by adding the shareholders' equity at the beginning of a period to the shareholders' equity at period's end and dividing the result by two.
3. Investors may also calculate the change in ROE for a period by first using the shareholders' equity figure from the beginning of a period as a denominator to determine the beginning ROE. Then, the end-of-period shareholders' equity can be used as the denominator to determine the ending ROE. Calculating both beginning and ending ROEs allows an investor to determine the change in profitability over the period.
http://www.investopedia.com/terms/r/returnonequity.asp
EBITDA: The Good, The Bad, And The Ugly
EBITDA is one of those terms that is increasingly used, but usually for the wrong reason. This article will define it and discuss how it can be useful, but also misleading.
EBITDA is an acronym for "earnings before interest, taxes, depreciation and amortization". It is calculated by taking operating income and adding back to it depreciation and amortization expenses. EBITDA is used to analyze a company's operating profitability before non-operating expenses (such as interest and "other" non-core expenses) and non-cash charges (depreciation and amortization).
The Good
EBITDA can be used to analyze the profitability between companies and industries. Because it eliminates the effects of financing and accounting decisions, EBITDA can provide a relatively good "apples-to-apples" comparison. For example, EBITDA as a percent of sales (the higher the ratio, the higher the profitability) can be used to find companies that are the most efficient operators in an industry.
The ratio can also be used to evaluate different industry trends over time. Because it removes the impact of financing large capital investments and depreciation from the analysis, EBITDA can be used to compare the profitability trends of, say, "heavy" industries (like automobile manufacturers) to high-tech companies.
The accounting rules known as FAS 142, which eliminate the amortization of goodwill, bring operating income closer to EBITDA, but EBITDA continues to be a better measure of core operating profitability.
The Bad
EBITDA is a good metric to evaluate profitability but not cash flow. Unfortunately, however, EBITDA is often used as a measure of cash flow, which is a very dangerous and misleading thing to do because there is a significant difference between the two.
Operating cash flow is a better measure of how much cash a company is generating because it adds non-cash charges (depreciation and amortization) back to net income and includes the changes in working capital that also use/provide cash (such as changes in receivables, payables and inventories). These working capital factors are the key to determining how much cash a company is generating. If investors do not include changes in working capital in their analysis and rely solely on EBITDA, they will miss clues that indicate whether or not a company is losing money because it cannot sell its products!
The Ugly
It gets ugly when EBITDA is used as a key measure for making investment decisions. Because it is easier to calculate, EBITDA is often used as a headline metric in discussing a company's results. This, however, could, as discussed above, misrepresent the true investment potential of a company because it does not accurately reflect a firm's ability to generate cash.
Conclusion
EBITDA is a good measure to use to evaluate the core profit trends, but cash is king. EBITDA can be used to evaluate the profit potential between companies and industries because it eliminates some of the extraneous factors and allows a more "apples-to-apples" comparison. But EBITDA should not replace the measure of cash flow, which includes the significant factor of changes in working capital. Cash is king because it shows "true" profitability and a company's ability to continue operations.
The experience of the W.T. Grant Company provides a good illustration of the importance of cash generation over EBITDA. Grant was a general retailer in the time before malls and was a blue chip stock of its day; however, management made several mistakes. Inventory levels increased, and the company needed to borrow heavily to keep its doors open. Because of the heavy debt load, Grant eventually went out of business, but the top analysts of the day that focused only on EBITDA missed the negative cash flows. Many of the missed calls of the end of the dotcom era mirror the recommendations Wall Street once made for Grant. History does repeat itself.
By Rick Wayman
http://www.investopedia.com/articles/analyst/020602.asp
Orange Shortage Squeezes Juice Makers
Saturday October 14, 12:42 pm ET
By Travis Reed, Associated Press Writer
WEEK'S BUSINESS: Juice Producers Feeling Squeeze From Florida Orange Shortage; Prices Rocket
ORLANDO, Fla. (AP) -- Orange juice prices, already at historic highs, are expected to climb further as production in Florida's hurricane-ravaged groves bottoms out.
But it's not just consumers who will be affected: Juice makers like PepsiCo Inc.'s Tropicana Products and The Coca-Cola Co.'s Minute Maid, which get the vast majority of their juice from Florida, are facing a profit squeeze from rising domestic prices and imports from Brazil that come with margin-killing tariffs.
The U.S. Department of Agriculture this week predicted Florida would produce 135 million 90-pound boxes of oranges, down about 40 percent from production levels before the 2004 hurricane season. It would be the third year in a row of subpar production, and the worst orange harvest since freezes crippled crops in 1990.
"I can tell you that we'll monitor this, and decide what course we need to take as we analyze the information," Minute Maid spokesman Ray Crockett said, declining to answer specific questions about possible price hikes.
Both Minute Maid and Tropicana had just announced price increases to retailers even before the USDA announcement. Tropicana instituted a 10 percent bump, citing "continued pressures on supply and cost" that are strengthening. The company said it expected prices to continue to rise as the Florida harvest falls.
Coca-Cola last month announced a 3 percent to 6 percent hike in wholesale list prices for Simply Orange and Minute Maid orange juice, effective this month.
However, it remains to be seen what consumers are willing to pay. A 9 percent jump in average retail prices this year to $4.89 per gallon has met with a 6 percent drop in volume, according to an ACNielsen report for the four weeks ended Sept. 2.
Following an earnings report Thursday, PepsiCo Chief Executive Indra Nooyi said the cost of orange juice for the Tropicana line was the biggest pressure on profit.
"Tropicana is analyzing how this significantly low crop yield estimate will impact the juice category and particularly Tropicana," spokesman Pete Brace said in a written statement. "However, this small crop yield estimate will provide little relief to consumer prices."
To make up the shortfall, wholesalers will likely have to rely more on imports of Brazilian juice, which carry a nearly 30-cent per gallon tariff. The state of Florida is second only to the country of Brazil in world orange production.
Brace declined to specify how much more juice Tropicana might have to import.
Bob Norberg, deputy executive director of research and operations at the Florida Department of Citrus, said state economists were still working on a model projecting how much imports might rise. However, he said significant demand in the rest of the world will limit how much juice is directed to the U.S. market.
"(Imports) will be up, but they won't make up the entire shortfall," Norberg said. "Prices will go up to allocate the available supply."
The good news for growers is that high prices for their scarce fruit could provide some of their best returns in over a decade. Production inputs like fuel, labor and new chemical sprays to fight fruit-damaging diseases had been squeezing their margins, and overall citrus acreage has continued to decline as some sell off their land to hungry developers with hefty checks.
Mike Sparks, executive vice president and CEO of Florida Citrus Mutual, the state's largest grower's group, said the projected import hikes shouldn't concern growers.
"If the crop ever got so low that you had to take it off the shelves in the grocery store, it would be tough to get that space back," he said.
expecting good results as well, imho
EDU's quiet period is up on the 16. Watch for an uptrend now- imho
going to listen to this.....I think this "may" be my next BUY !?!?!!
Press Release Source: New Oriental Education and Technology Group Inc.
New Oriental to Report Fiscal Quarter Financial Results on October 17, 2006
Thursday September 28, 7:20 am ET
BEIJING, Sept. 28 /Xinhua-PRNewswire/ -- New Oriental Education and Technology Group Inc. (NYSE: EDU - News), the largest provider of private educational services in China, today announced that it will report its financial results for the fiscal quarter ended August 31, 2006, before the U.S. market opens on October 17, 2006. New Oriental's management will host an earnings conference call at 8 AM on October 17, 2006 U.S. Eastern Daylight Time (8 PM on October 17, 2006 Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows:
US: 1 617 213 8066
Hong Kong: 852 3002 1672
Please dial-in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is ''New Oriental earnings call''.
Additionally, a live and archived webcast of this conference call will be available at http://investor.neworiental.org .
About New Oriental
New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. For more information about New Oriental, please visit http://english.neworiental.org .
For investor and media inquiries, please contact:
In China:
Sisi Zhao
New Oriental Education and Technology Group Inc.
Tel: +86-10-6260-5566
Email: zhaosisi@staff.neworiental.org
Cathy Li
Ogilvy Public Relations Worldwide
Tel: +86-1381-015-4840
Email: cathy.li@ogilvy.com
In the United States:
Thomas Smith
Ogilvy Public Relations Worldwide
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
--------------------------------------------------------------------------------
Source: New Oriental Education and Technology Group Inc.
EGY:VAALCO Energy Selects VDM Specialists for Its Transfer from AMEX to NYSE
Friday October 13, 8:00 am ET
NEW YORK, Oct. 13 /PRNewswire/ -- VDM Specialists, LLC has commenced trading of VAALCO Energy, Inc. (NYSE: EGY - News), a growing international exploration and production company, on the New York Stock Exchange (NYSE).
Since 2004, VAALCO had been listed on the American Stock Exchange. The company's daily trading volume, in September, was approximately 763,000 shares. VAALCO did not issue additional shares, nor raise capital, as part of its NYSE listing. Currently, there are 58,358,314 shares outstanding.
In the past year, seven companies have selected VDM Specialists as their specialist for their transfer to the NYSE. Companies typically moved their share listings from the AMEX to the NYSE to take advantage of the Exchange's market quality, low volatility and deep liquidity.
"We are excited to join the ranks of some of the world's largest and most prestigious companies," stated Robert Gerry, Chairman and CEO of VAALCO Energy, Inc. "We expect that our listing on the NYSE will increase VAALCO's visibility and investor base, due to the Exchange's strong brand, high listing standards and global appeal. VDM's guidance and support were instrumental in our decision, and we look forward to working closely with our new partner in the capital markets to ensure our investment story and value proposition are fully understood."
Robert Fagenson, CEO of VDM Specialists, commented: "VAALCO is a highly respected and fast-growing energy company, and we are pleased to help initiate their trading today on the NYSE. The company's listing expands VDM's growing reputation as a preferred specialist to the energy industry, as well as leader in helping companies navigate the uncertainty of moving from one exchange to another without disruption. We welcome VAALCO to the NYSE, and intend to leverage our trading expertise and insights to help increase liquidity in the company's shares and ensure it fully enjoys the expanded benefits of its new NYSE membership."
About VAALCO Energy, Inc.
VAALCO Energy, Inc. is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO's strategy is to increase reserves and production through a program that balances lower risk acquisitions and exploratory drilling on our domestic acreage with high potential international prospects. The Company's properties and exploration activities are located offshore and onshore Gabon, West Africa, offshore Angola, West Africa, and in the Texas Gulf Coast region. For more information on VAALCO Energy, Inc., please visit www.vaalco.com.
About VDM Specialists, LLC
As one of the largest specialist firms on the NYSE, VDM Specialists represents over 400 leading issues including Pfizer, Hewlett-Packard, The Walt Disney Co. and Apache Corp. VDM Specialists is part of publicly traded Van der Moolen Holdings NV (NYSE: VDM - News). For more information about VDM Specialists, please visit www.vdm-usa.com.
--------------------------------------------------------------------------------
Source: VDM Specialists, LLC
http://biz.yahoo.com/prnews/061013/nyf019.html?.v=64
RICK: Rick's takes controlling interest in Austin club
Thursday October 12, 12:10 pm ET
Rick's Cabaret International Inc. intends to purchase a 51-percent interest in a new 22,000 square-foot gentleman's club in Austin. It will be operated as a Rick's Cabaret.
Houston-based Rick's (NASDAQ:RICK - News) will pay $500,000 cash and issue 125,000 shares of restricted common stock valued at $8 per share to the current owner of Austin's Playmates Gentlemen's Club, on the city's north side.
The club is expected to open in late October or early November. The Playmates transaction is the fourth this year for Rick's, bringing its total number of sexually oriented adult nightclubs to 13. The company recently purchased two clubs in San Antonio.
Published October 12, 2006 by the Houston Business Journal
http://biz.yahoo.com/bizj/061012/1359717.html?.v=1
UTSI............
Press Release Source: UTStarcom, Inc.
UTStarcom Explores Strategic Alternatives to Enhance Stockholder Value
Wednesday October 11, 5:00 pm ET
ALAMEDA, Calif., Oct. 11 /PRNewswire-FirstCall/ -- UTStarcom, Inc. (Nasdaq: UTSI - News), a global leader in IP-based, end-to-end networking solutions and services, today announced that it is exploring a variety of strategic alternatives to enhance stockholder value.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO )
To assist the company in its analysis and consideration of various strategic alternatives, the board of directors has established a special committee of the board and the special committee has retained Merrill Lynch & Co. as its financial adviser.
"Our Board of Directors and management team believe that the inherent value of the company and its opportunities are not reflected in our current share price," said Hong Lu, Chairman and Chief Executive Officer of UTStarcom, Inc. "We believe the engagement of Merrill Lynch will help us to carefully examine a range of short and long-term alternatives."
In conjunction with this initiative, the Board has asked Ying Wu, CEO of UTStarcom China to oversee this effort, under the direction of the special committee. Given this priority, Mr. Wu will not assume the title of Global CEO on January 1, 2007, as was previously announced. Mr. Wu will continue his current management responsibilities within the company while he is working with the special committee. As such, the company's board and management team will work to ensure an appropriate leadership succession plan.
There can be no assurance that any corporate action will result from the company's exploration of strategic alternatives. The company undertakes no obligation to make any further announcement regarding its exploration of alternatives until such time, if ever, that it enters into a definitive agreement providing for the completion of a transaction.
About UTStarcom
UTStarcom, Inc. is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in the United States, Canada, China, Korea and India. UTStarcom is a FORTUNE 1000 company.
For more information about UTStarcom, visit the company's Web site at www.utstar.com.
Forward-Looking Statements
This release includes forward-looking statements by and about UTStarcom, including without limitation the company's ability to achieve the objectives set forth above, the expectations regarding the engagement of Merrill Lynch as the advisor to the special committee, the anticipated role of Mr. Wu in the strategic process as well as his role in the future leadership of the company, and the expectations regarding the company's leadership succession plan. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These risks include, but are not limited to, the fact that the company may discontinue its exploration of strategic alternatives at any time and may not conclude a transaction. The company also refers readers to the risk factors identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release represent the judgment of the company based upon information available to the company as of the date of this release, which may change. The company disclaims, however, any intent or obligation to update any forward-looking statements.
--------------------------------------------------------------------------------
Source: UTStarcom, Inc.
MOSS / ICON ~~ merger/buyout specs...........
http://www.investorshub.com/boards/board.asp?board_id=6044
Press Release Source: Mossimo, Inc.
Mossimo, Inc. Announces Special Meeting of Stockholders
Wednesday October 11, 5:29 pm ET
LOS ANGELES--(BUSINESS WIRE)--Mossimo, Inc. (NASDAQ: MOSS - News) announced today that it will hold a special meeting of stockholders of Mossimo, Inc. on October 31, 2006 at 9:00 a.m. local time at The Fairmont Miramar Hotel, 101 Wilshire Boulevard, Santa Monica, California, 90401. At the special meeting, Mossimo's stockholders will be asked to consider and vote on a proposal to adopt and approve the agreement and plan of merger dated as of March 31, 2006 among Iconix Brand Group, Inc., Moss Acquisition Corp., a wholly-owned subsidiary of Iconix, Mossimo, Inc., and Mossimo Giannulli, the founder, Chairman, Co-Chief Executive Officer and owner of approximately 64.2% of the outstanding common stock of Mossimo.
As previously announced, if the Mossimo stockholders approve the merger agreement, Mossimo will merge with and into Moss Acquisition Corp., which will be the surviving company, and will be wholly-owned by Iconix. At the effective time of the merger, each outstanding share of Mossimo will be converted into the right to receive initial merger consideration consisting of (a) 0.2271139 shares of Iconix common stock, and (b) $4.25 in cash, subject to adjustment under certain conditions.
Mossimo stockholders will also receive a non-transferable contingent share right entitling them to additional shares of Iconix common stock after the first anniversary of the merger if Iconix common stock does not close at or above $18.71 for at least twenty consecutive trading days during the year following the merger.
Mr. Giannulli said: "We are very excited to be able to hold the special meeting of Mossimo stockholders to approve Mossimo's sale to Iconix, and we are eagerly looking forward to working closely with Iconix to create a real international presence."
Mossimo, Inc. also announced that today it commenced mailing the proxy statement/prospectus explaining the merger to its stockholders. Mossimo, Inc. stockholders whose shares are held of record by a broker or other third party should contact their broker or other third party to obtain copies of the proxy statement/prospectus and to provide voting instructions. Mossimo, Inc. stockholders may also obtain copies of the proxy statement/prospectus at no charge from the Securities and Exchange Commission's website at www.sec.gov, or by contacting Mossimo's Chief Financial Officer, Vicken Festekjian, at telephone number (310) 460-0040.
Santa Monica-based Mossimo, Inc. (NASDAQ: MOSS - News) is a designer and licensor of men's, women's boys' and girls' apparel, footwear and other fashion products principally under the "Mossimo" brand.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of Mossimo, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of operations, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, or difficulties relating to dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in SEC filings. The words "believe," "anticipate," "expect," "confident," "project," provide "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made.
Contact:
Mossimo, Inc.
Vicken Festekjian, 310-460-0050
CFO
--------------------------------------------------------------------------------
Source: Mossimo, Inc.
Visa to Go Public in Restructuring Move
Wednesday October 11, 7:53 am ET
Visa to Restructure Organization, Become Publicly Traded Company, List Stock on Major Exchange
SAN FRANCISCO (AP) -- Visa, operator of the world's largest consumer credit card payment system, said Wednesday it plans to restructure its organization to create a new public company and then sell shares in an initial public offering.
In the first step, a new company called Visa Inc. will be created through a series of mergers involving Visa Canada, Visa USA and Visa International, which includes the regions of Asia Pacific, Latin America and the Caribbean, and Central and Eastern Europe, Middle East and Africa.
Visa Europe will remain a membership association, owned and governed by its European member banks, and become a licensee of Visa Inc.
Visa said the restructuring will improve organizational efficiency, address certain legal claims that exist in some markets, and increase access to capital.
After the mergers are complete, Visa said it will begin the IPO process and list its shares on a major stock exchange. It expects most of the shares in the reorganized company will be sold to the public.
Visa is currently a private membership association jointly owned by more than 20,000 financial institutions around the world.
The boards of Visa's six regions and Visa International have unanimously approved the plans, which are now subject to approval by Visa members and regulatory authorities.
Visa Europe will be a minority stockholder in the global company, and Visa Inc. will have a minority investment interest in Visa Europe. As part of the restructuring, Visa Inc.'s board will consist of a majority of independent directors. A search for independent directors and a chief executive officer for Visa Inc. is underway.
The plans come in the wake of a similar move by rival MasterCard Inc., which went public in May.
Ok dokes.
I think this would be an excellent one to add to the stocks to watch list, imho.
Third quarter revs are the strongest due to the accounting companies involved, which is their largest.
They perform the services in tax season and pre, and the bills for services get paid now.
Wow! Local boys make good - off to da Big Apple!
Yes, they went to NYSE.
Did they have a ticker change since springtime?
Thumbs up from Ken on CBZ: http://www.investorshub.com/boards/replies.asp?msg=13898398
SYMBOL EVENT TITLE LISTEN DATE TIME(ET)
EDU Q1 2007 New Oriental Education & Technology Group Earnings Conference Call 17-Oct-06 8:00 AM
Conference calls are held by management to provide information on a variety of subjects, such as their recent results, outlook, and breaking news. Individuals now have the opportunity to listen to the same calls that only investment professionals had access to in the past. Click on the "Listen" icon to hear the call.
SWFT looking good for Tuesday:
Late evening news:
Oct 9, 2006 8:57:00 PM
Swift Transportation Co., Inc. Updates 2006 Third Quarter Earnings Expectations
- Expects net earnings for the quarter to be between $0.50 - $0.52 per share, vs. previously announced guidance of $0.38 - $0.42 per share
Eye on CBZ again, imho. Tis it's season (for the accounting bills). eom
CRM: 6 press releases this AM (below):
Salesforce.com Announces Winter '07, Delivering Unlimited Success on The Business Web
Monday October 9, 7:35 am ET
21st generation of the world's most popular on-demand service to deliver rich Web 2.0 user experience, componentization for embedded mash-ups, and powerful new business workflow
Major advances across the complete CRM suite of Salesforce SFA, Service & Support, PRM, Salesforce Marketing, Apex Analytics and AppExchange Mobile all to be delivered on the revolutionary new multi-tenant Apex platform
http://biz.yahoo.com/prnews/061009/sfm091.html?.v=57
Salesforce.com Launches AppExchange Incubators
Monday October 9, 7:40 am ET
http://biz.yahoo.com/prnews/061009/sfm092.html?.v=55
Salesforce.com Unveils Apex Alliance; Dozens of Partners, Customers and Venture Capital Firms Support Salesforce.com's Apex, the World's First On- Demand Programming Language and Platform
Monday October 9, 7:43 am ET
Accenture, Adobe, Borland, Business Objects, Cingular Wireless, Citrix, Dell, Deloitte, Informatica, Palm, RIM, Satyam, Siemens, Skype, SOFTBANK BB, Sprint Nextel, Sybase, Symantec, TATA Consultancy Services and Other Industry Leaders Embrace Apex On-Demand Language and Platform
http://biz.yahoo.com/prnews/061009/sfm096.html?.v=60
Salesforce.com Announces Apex, the World's First On-Demand Programming Language and Platform
Monday October 9, 7:45 am ET
For the first time, third parties will be able to write code that runs automatically on salesforce.com's multi-tenant, shared architecture
Apex will dramatically expand the reach, scope, and depth of applications available through the AppExchange and will enable any type of enterprise application to be delivered on demand
http://biz.yahoo.com/prnews/061009/sfm093.html?.v=64
More than 5,000 Attendees Come Together at Dreamforce '06 as Salesforce.com Redefines On-Demand Computing with New Apex, World's First On-Demand Programming Language and Platform
Monday October 9, 7:50 am ET
New promise of "Innovation Not Infrastructure" embraced by salesforce.com customers, partners and developers
http://biz.yahoo.com/prnews/061009/sfm094.html?.v=65
CRM Leader StayinFront to Unveil Signature Compliance Module at the 2006 PDMA Sharing Conference
Monday October 9, 7:58 am ET
http://biz.yahoo.com/prnews/061009/clm500.html?.v=50
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