Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
US WORLD CUP Standings pre games 3 wins, 2 losses, 1 tie ? Thats the best that I can tell so far anyways.
CRDM is the story stock for today but WATCH IT it is relatively volatile over the last week or so.
AERN, and RSPG still marching forward.
BFDE showing no signs of letting up.
DPBM still on a steady climb.
RMDG showing some good signs and still in line with its charts.
PTSC is it finally on the road to recovery ???
SCLL is moving quickly in the premarket up 17%
REUTERS China ready to accept 19% ore price hike -sources [GBYHQFK]
BEIJING/SHANGHAI, May 29 (Reuters) - Chinese steel mills
have decided to accept a 19 percent price hike for iron ore,
putting an end to months of negotiations with the world's top
miners, including Brazil's CVRD, industry sources said late on
Monday.
The sources said the decision came after a Beijing meeting
of the country's top 16 mills, headed by Baosteel Group
<600019.SS>.
This would put Chinese mills in line with top steel makers
around the world, including Arcelor <CELR.PA> and South Korea's
POSCO <005490.KS>, which have already accepted the 19 percent
price rise first settled by ThyssenKrupp AG <TKAG.DE>.
No comment was immediately available from Baosteel, which
headed the negotiations with the miners, Companhia Vale do Rio
Doce, (CVRD) <VALE5.SA><RIO.N>, Rio Tinto Ltd./Plc.
<RIO.AX><RIO.L> and BHP Billiton Ltd./Plc. <BHP.AX><BLT.L>.
CVRD officials were also not immediately available to
comment.
Last year iron ore miners won a 71.5 percent price hike on
the back of growing demand for ore to keep pace with China's
expanding steel making sector.
The Chinese industry had held off on accepting the price,
even as other Asian and European steelmakers fell into line.
China, the world's top importer of iron ore, had claimed the
right to lead negotiations and resented that smaller mills had
set the prices.
The profits of Chinese mills have been squeezed in part due
to fierce competition among mills that are fighting for survival
following rapid expansion.
Sweet, keeping things fair I see. -dsdstock
Ryland Sells $250 Million Senior Notes
CALABASAS, Calif., May 31 /PRNewswire-FirstCall/ -- The Ryland Group, Inc.
(NYSE: RYL), today announced that it sold $250 million of 6.875 percent senior
notes due 2013 pursuant to a shelf registration statement on file with the
U.S. Securities and Exchange Commission. The offering was led by Citigroup
Global Markets Inc. and UBS Securities LLC as joint book-runners.
www.ryland.com.
SOURCE The Ryland Group, Inc.
Cathey Lowe, Senior Vice President, Finance, Treasury, +1-818-223-7530, or
Marya Jones, Director, Communications, Media Relations, +1-818-223-7591, both
of The Ryland Group, Inc.
31May06 12:01 GMT
Symbols:
gb;RYG us;RYL
Source PRN PR Newswire
PAE, amongst some other good picks with alot of news, etc.
http://www.beaconequityresearch.com/
Paid Inc. still working on its costs somewhat but excellent topline revenue growth, a new move and some good recent pps results. and a 100% or so improvement from the 10 day average volume.
US beats latvia and Venezuela in past 2 world cup pre cup events. Looks like we have a player this year.
Paid Inc. Moves Executive Offices From Worcester to Boston and Retires Remaining... [GBZFFFV]
Paid Inc. Moves Executive Offices From Worcester to Boston and Retires Remaining Long-Term Debt
BOSTON--(Business Wire)--May 30, 2006--
Paid Inc. (OTCBB:PAYD) has moved its executive offices,
formerly located in Worcester, and another subsidiary office located
in Boston into a 5,300 sq. ft. office in Boston's Back Bay area and
has retired all remaining long-term debt.
New Office
The new Boston office is designed to accommodate Paid's rapid
growth within its celebrity services business which provides fan club
management, fan club premium ticketing and experience packages,
merchandising and fulfillment to entertainment, music and sports
celebrities, as well as sports marketing and NFL player agent
representation to professional athletes.
The new headquarters allows Paid to consolidate its administrative
staff with its K Sports & Entertainment subsidiary and the staffs of
its celebrity services and memorabilia authentication businesses that
were previously dispersed in separate facilities. The Company is
retaining its fulfillment, customer service and AuctionInc(TM)
patent-pending ecommerce software operations and staff in its current
Brussels Street location in Worcester.
"The new location consolidates our management and creative staff
in one location so we can work more effectively as a team in a
facility that better accommodates our technical and space needs," said
Rich Rotman, Paid, Inc. CFO and COO. "We are now closer to many of our
current and potential customers, as well as the airport, and it offers
the opportunity for expansion in the future. Furthermore, the move
frees up space within our Worcester customer service and fulfillment
center that will be used to service our rapidly growing celebrity
services and AuctionInc businesses."
Paid's new headquarters address and phone number is:
236 Huntington Avenue, 5th Floor
Boston, MA 02115
The customer service number remains unchanged: 866-323-8833
Remaining Long-Term Debt Retired Early
Paid also has retired the Series B convertible note with Augustine
Fund L.P. (Augustine Fund) ahead of schedule. This action frees Paid
of all long-term debt and, more specifically, all convertible debt.
"Paid has reached another milestone with the retirement of our
only secured long-term debt," stated Greg Rotman, CEO of Paid, Inc.
"We're grateful that Augustine Fund provided the capital necessary
during critical periods to grow our business and provided valuable
advice and personnel at critical junctures in our development.
Augustine's loans helped us fund the development of our patented
shipping calculation and auction management processes, as well as the
growth of our celebrity services business, which propelled our 2005
revenue to increase more than 165% over 2004, with dramatic revenue
growth continuing into 2006."
About Paid, Inc.:
Paid, Inc.'s celebrity services provides famous people with
official web sites and fan club services that include e-commerce
storefronts, ticketing and fan experience packages, and web site
content, such as news, polls, message boards, contests, biographies
and custom features to attract tens of thousands of visitors daily, as
detailed on its web site, www.paidcelebrity.com. The Company also
sponsors autograph signing events and other sports marketing services
for sports clientele. Using proprietary technology, Paid's innovative
AuctionInc brand shipping calculation and auction management software
and services are utilized to streamline online auctions, ecommerce and
web site development and hosting. For further information, visit
http://www.paid.com.
Forward Looking Statements:
This Press Release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 that are based upon current
expectations or beliefs, as well as a number of assumptions about
future events, including matters related to the Company's operations
and expectations about celebrity programs and events. Although the
Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which they are
based are reasonable, it can give no assurance that such expectations
and assumptions will prove to have been correct. The reader is
cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties. In addition, other factors that could cause actual
results to differ materially are discussed in the Company's most
recent filings, including Form 10-QSB with the Securities and Exchange
Commission.
Accentuate PR
Julie Shepherd, 815-479-1833
Julie@accentuatepr.com
Copyright Business Wire 2006
30May06 12:02 GMT
Symbols:
de;SNK us;PAYD
Source BW Business Wire
Categories:
MST/I/ENT MST/I/NET MST/I/RCS MST/I/SOF MST/L/EN MST/R/NME MST/R/US
MST/R/US/MA TGT/BWB
Hard to believe that it is real folks but........ Ya never know.
SFPS up on higher than average volume and an excellent curve (so far ).
Historical Event:
September 10th, 1938 is the first day the weather disturbance was tracked as a tropical storm. The winds began to intensify to hurricane level on September 15th and within four more days, grew to a category 5 - the highest and most intense and deadly level. One wonders if we should be thankful that on the day of landfall the storm was at category 4, and as it hit land was reducing to category 3? The death of this storm occurred on the 22nd of September after leaving in its wake close to 700 deaths from the tri-state area and beyond. Diana Rosenberg, a well-known astrologer from New York said that her family summer home on Long Island was destroyed and some of their documents were blown hundreds of miles north to the state of New Hampshire.
In addition to the extreme loss of life, the abundant stately elm trees and white church spires, the pillars of many New England communities fell and while the steeples could be replaced, the trees never returned to their original splendor. A disease killed off the remaining trees - the Dutch Elm disease.
Overall, a six-state area experienced economic difficulties for many years due to the record flooding and many mill towns in New England were inundated.
It is well known that there was little advance warning of this storm. Even with advanced warning, the numbers of the death and destruction would be only somewhat lower. The wind and water traveled at record speed from the first storm sighting in New Jersey and when it reached the southern New England shores six hours later it took many by surprise. The storm is sometimes referred to as "The Long Island (New York) Express". Many details can be found at the related website: http://www2.sunysuffolk.edu/mandias/38hurricane/
When you think back to the year of 1938, communication was mostly by radio - no television, no cable, no computers. There were working telephones, but the suddenness of the onslaught caught people in a survival mode. The flooding of the metropolitan (downtown) area in Providence also came as a surprise, catching many people going home from their work in the late afternoon. Trolley cars and busses were submerged and others rescued people floating in the waters from second story windows of office buildings. The storm surge flooded the city to about 20 feet. Many years later, after two lesser hurricanes to land, the City of Providence built a Hurricane Dam. Since the time of building, the dam has been closed only once.
Every summer the people in the New England area wonder if this is the year the next 'big storm' will hit.
New York City Hurricane.
Airs on Saturday, June 3 at 4:00pm ET ( The HISTORY Channel ).
What would happen if a Category 3 Hurricane were to hit New York City? With an awesomely high storm surge and intense winds attacking one of the most heavily populated and economically vital locations in the world, the potential for massive destruction is almost unprecedented. We explore the less-known but extensive history of previous northeast hurricanes--especially the "Great Hurricane" of 1938--in order to create empirical evidence that a storm of this size is not science fiction but a very real possibility in the near future. We'll also explore the scientific nature and origins of hurricanes and get an overview of some of the engineering changes that are taking place in the field of hurricane damage prevention. Using computer animation, models, and recreations the story concludes with a jaw-dropping view of what a storm like this might look like from inside the Big Apple. TVPG
HURRICANE Woes: potentially active hurricane season may help:
PDGE, growing earnings, one bad eps mark but hardly notable, and not a bad position on the long term charts.
NYNY on a good 2 day trend with growing volume and pps.
BIGN interesting news, chart and volume growth recently.
CKEI good combo of new news, rising volume and pps and a strange curve but one that could "pop" accordingly.
TCLL with a nice rebound today, great.
See Ihub brings attention to stocks I believe or is at least one good source for investors.
14 Days 10 hours 27 minutes to the World Cup main events.
CRDM with some great news generating a rally.
RMDG midday buy opportunity ? we'll see.
Is SEIH rising from the dead ? doubt it but we shall see.
BOOM: From the 5 year charts "looks like" it is fully consolidated.
RMDG is fun to watch today.
Dynamic Materials' Explosive Metalworking Business Receives $11 Million
Contract for Work on Refinery Project in Eastern Europe
Order Represents Largest Contract in Company History
BOULDER, Colo., May 24 /PRNewswire-FirstCall/ -- Dynamic Materials
Corporation (DMC) (Nasdaq: BOOM), the world's leading provider of
explosion-welded clad metal plates and associated services, today announced
that its Explosive Metalworking business has received an $11 million contract
calling for the delivery of clad metal plates for use in a major refinery
project in Eastern Europe. The plates, which will be used in the production
of pressure vessels, will be produced by DMC's France-based Nobelclad
operations. The majority of the order is scheduled for delivery during the
fourth quarter of 2006.
Yvon Cariou, president and CEO of DMC, said, "This contract is another
indication of the significant capital expenditures being made throughout the
worldwide energy industry, as producers work to expand capacity. Clad metals
play an important role in the highly corrosive refining process, and we are
benefiting from a significant, broad-based increase in demand. This order
stands as the largest contract Dynamic Materials has ever received."
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are typically used in
industrial capital projects, include explosion-welded clad metal plates and
other metal fabrications for use in a variety of industries, including
upstream oil and gas, oil refinery, petrochemicals, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial refrigeration and
similar industries. The company operates two business segments: Explosive
Metalworking, which uses proprietary explosive processes to fuse different
metals and alloys, and AMK Welding, which utilizes various technologies to
weld components for use in power-generation turbines, as well as commercial
and military jet engines. For more information, visit the company's website
at www.dynamicmaterials.com.
SOURCE Dynamic Materials Corporation
Geoff High of Pfeiffer High Investor Relations, Inc., +1-303-393-7044, for
Dynamic Materials Corporation
24May06 12:01 GMT
Symbols:
de;DM5 de;DM5F de;DM5X us;BOOM
Source PRN PR Newswire
RMDG looks to be in a decent rally. (6 month chart )
RMDG has an interesting 6 month curve.
Thought for the Day:
There is a manufacture, marketing, and goods production aspect to EVERY product development firm including the PRIVATE ones. HE HE...
So yeas this is relevant.
Sara LEE:
Sara Lee to spin off apparel unit over summer
NEW YORK, May 24 (Reuters) - Sara Lee Corp. <SLE.N> on
Wednesday said it was on track to spin off its apparel unit to
stockholders between June and September, creating a publicly
listed company called Hanesbrands Inc. whose brands will
include Hanes and Playtex.
Sara Lee said that following the spinoff of its Americas
and Asia branded apparel unit it will not retain any ownership
interest in the new company.
The business being spun off also includes the Champion,
Bali and Wonderbra apparel brands.
Chicago-based Sara Lee said it had filed an information
statement with the U.S. Securities and Exchange Commission,
initiating the final phase necessary for the spinoff.
Sara Lee shareholders will receive all of the outstanding
shares of Hanesbrands common stock, with the distribution ratio
to be determined shortly before the spin-off occurs.
Last year, Sara Lee said it would spin off its U.S. apparel
business and exit other lines to focus on its U.S. meat, baked
goods, household products and Senseo coffee operations. It is
shedding businesses that account for about 40 percent of its
sales.
Sara Lee shares closed at $17.07 on Tuesday.
Sales portions that are being sold/spun off are not showing much growth and possibly could make the company more nimble and focussed on its corp products. However... I wont say it.
PAIV too hot to handle ?
FIRST The Merger:
Whirlpool Corporation and Maytag Corporation Merger Cleared By U.S. Department of Justice
BENTON HARBOR, Mich., and NEWTON, Iowa, March 29 /PRNewswire-FirstCall/ --
Whirlpool Corporation (NYSE: WHR) and Maytag Corporation (NYSE: MYG) today
announced they have received clearance from the U.S. Department of Justice to
complete their proposed merger. Whirlpool plans to close the transaction as
soon as practical, but no later than April 3, 2006.
"We are pleased with the Department of Justice's decision and look forward
to closing the transaction, and begin the integration of our businesses," said
Jeff M. Fettig, Whirlpool's chairman and CEO. "The combination of Whirlpool
and Maytag will create substantial benefits for consumers, trade customers and
shareholders, through continued development of innovative products, improved
quality and service, and cost efficiencies. The Maytag portfolio of brands,
when combined with Whirlpool, will enhance our ability to succeed in reaching
a broader set of customers, which can benefit from our innovation and
efficiencies."
"Our merger with Whirlpool provides fair value to Maytag shareholders,"
said Ralph Hake, Maytag's chairman and CEO. "This transaction will enhance
the competitiveness of the Maytag brands with new innovation and greater
global reach to a broader base of consumers through Whirlpool's established
sales and manufacturing capabilities."
About Whirlpool Corporation
Whirlpool Corporation is a global manufacturer and marketer of major home
appliances, with annual sales of more than $14 billion, 66,000 employees, and
nearly 50 manufacturing and technology research centers around the world. The
company markets Whirlpool, KitchenAid, Brastemp, Bauknecht, Consul and other
major brand names to consumers in more than 170 countries.
About Maytag Corporation
Maytag Corporation is a $4.9 billion home and commercial appliance company
focused in North America and in targeted international markets. The
corporation's primary brands are Maytag(R), Hoover(R), Jenn-Air(R), Amana(R),
Dixie-Narco(R) and Jade(R).
The Latest NEWS:
------------------------------
Whirlpool sees strong 2007 from Maytag savings
ATLANTA, May 23 (Reuters) - Appliance maker Whirlpool Corp.
<WHR.N> on Tuesday lowered its 2006 profit outlook as it
integrates Maytag, but said 2007 earnings would exceed current
Wall Street estimates as it achieves higher-than-expected cost
savings from the acquisition.
Whirlpool's shares rose 4 percent.
The world's biggest appliance company said it will sell the
Hoover vacuum business and other unprofitable commercial
operations of the former Maytag Corp. These businesses, which
include Dixie-Narco vending machines, and Amana and Jade
commercial appliances, had revenue of $725 million for 2005 but
generated operating losses.
Whirlpool cited "strong interest" from a number of
potential buyers and said it expects to complete the
divestitures by year's end. Maytag announced it would explore
selling those businesses in February.
Hoover, a nearly 100-year-old brand which reached iconic
status in some countries, struggled in recent years in the face
of heated competition and a lack of innovation.
"Those aren't businesses that are core to the strategy,"
said Craig Hutson, a senior bond analyst at Gimme Credit. A
sale will aid Whirlpool "from a cash flow and earnings
perspective because those businesses are generating losses."
Whirlpool now expects earnings from continuing operations
of $6 to $6.25 a share this year, down from estimates of $7 to
$7.25 a share before Maytag was acquired.
For 2007, Whirlpool forecast full-year earnings of about $9
a share. Analysts, on average, currently expect profit of $7.97
a share for that year, according to Reuters Estimates.
Whirlpool bought Maytag for about $1.7 billion in cash and
stock in late March, and assumed about $900 million in its
former rival's debt.
Cost savings of more than $400 million are now expected, up
from Whirlpool's previous estimate of $300 million to $400
million, as plants are closed and appliances are made more
efficiently. The majority of the savings are expected next
year.
"The (savings) numbers seem pretty high," Hutson said.
"That's a huge bump-up in profitability they're going to be
able to generate from the Maytag business."
About $450 million in pretax, one-time costs are seen tied
to the acquisition, with about $150 million expected to affect
earnings over the next three years. Whirlpool's previous
estimate of one-time costs was $350 million to $500 million.
Earlier this month, Whirlpool said it would cut 4,500 jobs
as it closes various plants and other offices of Maytag. But at
least 1,500 of those job losses will be offset as Whirlpool
adds positions to expand its headquarters and consolidate
laundry-appliance production in two Ohio cities.
Whirlpool, based in Benton Harbor, Michigan, topped Wall
Street estimates throughout 2005.
Shares of Whirlpool rose $3.38 to $88 on the New York Stock
Exchange. The stock has risen 5 percent this year.
OVERVIEW
------------------------------------------------------------------
img374.imageshack.us/img374/5519/whirlpoolcharts0lc.jpg>
COMPETITION:
--------------------------------------------------------------
LG, Samsung gunning hard for US appliance market [FZNSMMM]
By Karen Jacobs
ATLANTA, May 2 (Reuters) - South Korea's LG Electronics
<066570.KS> and Samsung Electronics <005930.KS>, which have
made a splash in the U.S. appliance market with stylish,
high-end washers and refrigerators, are looking to win more
market share.
In just four years, the two companies have won coveted
display space at some of the biggest appliance retailers in the
United States -- and they are gunning to reach more customers
by getting products into even more stores.
The companies are marketing high-tech alternatives to
products from established makers such as Electrolux AB
<ELUXb.ST>http://www.electrolux.com/node174.aspx, the maker of Frigidaire, and Whirlpool Corp.
<WHR.N>, which recently acquired Maytag.
The two -- whose products are already sold at retailers
such as Home Depot <HD.N>, Best Buy Co. Inc. <BBY.N> and Lowe's
Cos <LOW.N> -- said they aim to win space at top appliance
retailer Sears Holdings Corp. <SHLD.O> and independent stores
that cater to the high-end customers eager for appliances with
state-of-the-art technology, such as features that attacks
odors and germs.
"We are bigger than KitchenAid, bigger than Jenn-Air and
Amana," Tim Kavanaugh, merchandising manager for LG appliances,
said in a recent interview. He added that recent market share
figures show LG is now among the six largest appliance brands.
The KitchenAid, Jenn-Air and Amana brands are owned by
Whirlpool, the world's largest appliance maker.
"Consumers look for style, are more energy and
environmentally conscious," said Soon Kwon, president of LG's
U.S. appliance operation. "For new features, consumers are
ready to pay more dollars."
Products made by LG, which is spending $300 million over
three years to advertise its appliances and electronics in the
United States, include a $1,600 washing machine with a steam
generator that can unwrinkle dry clothes. It has equipped its
eye-catching television refrigerator with a second screen that
displays weather forecasts, recipes and digital photos.
"We'll show a lot of convergence products," Kwon said.
Greg Alford, senior partner at Peachtree Consulting Group
in Atlanta, said LG's appliances stand out not only for their
high-tech features, but also because of the glossy color
finishes.
"LG has made a mark, without a doubt," Alford said.
"They've established a more glitzy version of the traditional
front-load washing machine and that has affected the way other
players have styled their machines."
GRAND PLANS
LG has even grander plans for the U.S. market, where it has
just introduced an electric range and plans to begin selling a
gas stove next year as it expands its kitchen appliances.
"Once we've identified LG's premium image, it remains to be
seen if it'll make sense to have a sub-brand," Kavanaugh said.
Meanwhile, Samsung hopes to stand out with products such as
a front-loading washing machine that uses tiny silver ions to
kill bacteria in cold water and a refrigerator that has four
doors with adjustable temperature settings.
"We want to bring something new, something different," said
H.B. Lee, president of Samsung's worldwide home appliances
division.
Alford expects LG's steam washer and Samsung's sanitizing
technology will eventually be incorporated by other appliance
makers if consumers accept them.
"The silver ion technology is going to force other people
to take a hard look at technologies for controlling bacteria,
mold and odor, whether it be in the refrigerator or the washing
machine," said Alford.
As they expand in America, the Korean companies are not
only looking to stand out from top U.S. makers like Whirlpool
and General Electric Co. <GE.N>, but also from each other.
"If we don't make a nice effort to differentiate from LG,
consumers will be confused," said Samsung's Lee.
REUTERS UPDATE 3-Whirlpool sees strong 2007 from Maytag savings
By Karen Jacobs
ATLANTA, May 23 (Reuters) - Appliance maker Whirlpool Corp.
<WHR.N> on Tuesday lowered its 2006 profit outlook as it
integrates Maytag, but said 2007 earnings would exceed current
Wall Street estimates as it achieves higher-than-expected cost
savings from the acquisition.
Whirlpool's shares rose 4 percent.
The world's biggest appliance company said it will sell the
Hoover vacuum business and other unprofitable commercial
operations of the former Maytag Corp. These businesses, which
include Dixie-Narco vending machines, and Amana and Jade
commercial appliances, had revenue of $725 million for 2005 but
generated operating losses.
Whirlpool cited "strong interest" from a number of
potential buyers and said it expects to complete the
divestitures by year's end. Maytag announced it would explore
selling those businesses in February.
Hoover, a nearly 100-year-old brand which reached iconic
status in some countries, struggled in recent years in the face
of heated competition and a lack of innovation.
"Those aren't businesses that are core to the strategy,"
said Craig Hutson, a senior bond analyst at Gimme Credit. A
sale will aid Whirlpool "from a cash flow and earnings
perspective because those businesses are generating losses."
Whirlpool now expects earnings from continuing operations
of $6 to $6.25 a share this year, down from estimates of $7 to
$7.25 a share before Maytag was acquired.
For 2007, Whirlpool forecast full-year earnings of about $9
a share. Analysts, on average, currently expect profit of $7.97
a share for that year, according to Reuters Estimates.
Whirlpool bought Maytag for about $1.7 billion in cash and
stock in late March, and assumed about $900 million in its
former rival's debt.
Cost savings of more than $400 million are now expected, up
from Whirlpool's previous estimate of $300 million to $400
million, as plants are closed and appliances are made more
efficiently. The majority of the savings are expected next
year.
"The (savings) numbers seem pretty high," Hutson said.
"That's a huge bump-up in profitability they're going to be
able to generate from the Maytag business."
About $450 million in pretax, one-time costs are seen tied
to the acquisition, with about $150 million expected to affect
earnings over the next three years. Whirlpool's previous
estimate of one-time costs was $350 million to $500 million.
Earlier this month, Whirlpool said it would cut 4,500 jobs
as it closes various plants and other offices of Maytag. But at
least 1,500 of those job losses will be offset as Whirlpool
adds positions to expand its headquarters and consolidate
laundry-appliance production in two Ohio cities.
Whirlpool, based in Benton Harbor, Michigan, topped Wall
Street estimates throughout 2005.
Shares of Whirlpool rose $3.38 to $88 on the New York Stock
Exchange. The stock has risen 5 percent this year.
23May06 22:35 GMT
Symbols:
us;WHR
Source RTRS Reuters News
VPER... Keep a close eye on fast dips if your in for despite the analyst rating it is possible for it to drop FAST.
Viper Networks, Inc. (OTC: VPER) has been rated "Speculative Buy," with a price target of $.60 by Beacon Equity Research. The report is authored by Senior Research Analyst, Kris Goldcross, CFA.
The full report is available at http://www.beaconequityresearch.com
In the report Mr. Goldcross writes, "Viper Networks operates in the competitive and rapidly growing IP telephony industry. The company currently faces competition from a large number of companies including iConnectHere, Net2Phone, Vonage, Vocaltec (Nasdaq: VOCL), Cisco Systems, Packet8 (Nasdaq: EGHT), Voip Inc. (OTCBB: VOII), and Newmarket Technology (OTCBB: NMKT)."
"Currently, the stock trades at a P/S multiple of 1.4x, while similar publicly-traded companies are trading at an average P/S multiple of 6.0x. By applying a conservative P/S multiple of 5.5x to the expected future revenues of Viper Networks, the stock would be fairly valued at $0.60."
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Viper Networks, Inc. (VPER). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. A principal of Beacon Equity Research is also a principal of Pasadena Capital Partners (PCP), an investor relations firm for VPER which has received 2,000,000 restricted rule 144 shares directly from VPER for services as well as 700,000 free trading shares from a non-controlling third-party. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. PCP currently holds no free trading shares. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Anyone interested in receiving alerts regarding Viper Networks, Inc. research should email members@beaconequityresearch.com with "VPER" in the subject line.
Beacon Equity Research
Jeff Bishop, 469-252-3035
editor@beaconequityresearch.com
www.beaconequityresearch.com
Source: Business Wire (May 23, 2006 - 12:12 PM EDT)