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MDG list 80/20 up 7% for the day. 7% x 5 days per week is 30% for the week. Target value is 25% so right on track.
ONTV took a header from its great morning curve but it is at 7%.
Perhaps the reason I am so cavalier with these 1979 reports is that this source is suspect:
http://www.einnews.com/search.php?keywords=1979&makesearch=yes
"a service for global professionals".... Hmmm not a very good source.
By now people are saying Ok OK enough about 1979 dammit, or are they saying I be the gumby dammit ? LOL....
1979 -
Three Mile ISland partial Meltdown in Pennsylvania.
RANDY RHOADS' Mother Adds $20,000 To Scholarship Endowment - Mar. 26, 2006 27 Mar 2006 03:46 GMT
... band QUIET RIOT while he taught at his mother's school during the day. In 1979, Randy became Ozzy Osbourne 's lead guitarist on his first two solo albums.
Condoleezza Rice Remarks at Sydney Town Hall Event 27 Mar 2006 00:26 GMT... the Soviet Union. I first went to the Soviet Union as a student in 1979
KC & the Sunshine Band Reissued on Collectors Choi... 26 Mar 2006 18:11 GMT
... know better than to trash dance music, as does the marketeer behind the infamous 1979 Disco Demolition Night at Chicagos Comiskey Park, where disco records were blown up
Well I wont continue since these are only snippits and you need a membership to the news organization to have full reports. Found some interesting stuff just in a brief looksie though.
Just done for purposes of memorobilia. ( stirs other memmories but this is not the veniew for that ).
Midday check of the MDG Lists: MDG List 80/20 up on average of 9 percent. good. 57%. Momentum MDG down 6% on average.
1979:
Iran & Iraq War:
Rip-off 27 Mar 2006 07:53 GMT
... the act after the oil embargo of the mid-1970s and the Iran-Iraq war of 1979 and 1980. Around 2002, coal synfuel tax credits were worth $26 a ton ...
source:http://www.einnews.com/search.php?keywords=1979&makesearch=yes
Tennis: Wimbledon legend Borg retracts plan to sell off trophies 27 Mar 2006 13:26 GMT
... his five Wimbledon trophies awarded for record consecutive championship wins in 1976, 1977, 1978, 1979 and 1980 but changed his mind because of the worldwide reaction the plan drew
And then....
FEMA since it was created in 1979
Source: http://www.einnews.com/search.php?keywords=1979&makesearch=yes
1979 memorobilia ( this is fun ).
For those who braved crowds and a heavy autumn downpour, it remains a shimmering moment in time, a bright memory of a historic event. The Oct. 1, 1979, visit to Boston of Pope John Paul II occurred less than a year into his pontificate and at the height of his popularity. The Holy Father to New England's large Catholic community received a tumultuous welcome.
HISTORIC GREETING: Cardinal Humberto S. Medeiros, archbishop of Boston, and First Lady Rosalynn Carter greeted Pope John Paul II at the start of his first US visit at Logan Airport Oct. 1, 1979. The pope declared later on Boston Common: ''I greet you, America the Beautiful.'' (Globe Staff File Photo / David L. Ryan) More photos of the pope's trip to Boston James M. Pellegrini remembers vividly the Mass on Boston Common, the crowd estimated at more than 400,000, and the soaking rain that could not douse the excitement of the first and only papal visit to the city.
Then an 18-year-old student at the University of Massachusetts at Boston, Pellegrini sat on the enormous stage with 62 cardinals and bishops, waiting to participate as youth lector and offer the prayerful intentions midway through what would be a two-hour Mass. Seated just beyond the roof's edge, he was drenched by steady runoff. The Secret Service was everywhere, even on stage, behind the pillars. The crowd was enormous, beyond a nervous young man's imagination.
1979 memorobilia:
Some of the guests to Saturday Night Live in 1979:
The B-52's, Chevy Chase("thank you very little, Gern Blanstein"), David Bowie("golden years"), Tom Petty("Freefalling"), Steve Martin (comedy is not pretty), Blondie(Call me), The Grateful Dead, Kirk Douglas, Randy Newman, I Love LA ??? That Randy Newman ? Howard Hesseman ( WKRP in Cincinatti ). Tom Sawyer - Rush.
1979
Another Link to 1979, a One Year member to the Saturday Night Live Cast. Paul Shaffer. Pre Letterman. hmmm thats an interesting one too.
On the subject of 1979:
Kramer vs. Kramer
By Jeff Shannon
Winner of five Academy Awards including Best Picture, Actor, and Screenplay, Kramer vs. Kramer ( Meryl Streep, Dustin Hoffman) remains as powerfully moving today as it was when released in 1979 The #1 movie of 1979 was Superman starring the Late Christopher Reeves. Rocky II with Sylvester Stallone.
Notable movies of that year. 10 with Dudley Moore & Bo Derek, Mad Max with Mel Gibson, Apocalypse Now (Francis Ford Coppolla, actors Marlon Brando, Martin Sheen, Robert Duvall,and Dennis Hopper "an all star cast"), 1941 with John Belushi, and Dan Akroyd ( a Spielberg Film) and Rod Steiger in an Amityville Horror.
Long Island scary houses, Vietnam ridiculousness, Australian full throttle (AC/DC), WWII bizarre comedy, fun filled vacations for the perfect girl(10), the good fight, and family discussions. Sounds familiar.
1977 Star Wars & King Kong 2005 Star Wars & King Kong. The circle is closed I guess. also Rocky I and Smokey & the Bandit ( an oxymoron in concepts ).
The subject of 1979 to be continued.... stay tuned. Sounds like that 70's show.
Spring Like Birdies:
Just finished a 5 mile bike trip to work out the winter kinks.
Spring is inching its way back in. Hooray.
Bush declares that there are jobs that Americans wont do....
Did he personally ask each and every one of them... Doubt it.
LBIX and GCOG are NICEEEEE as well. :P
ONTV an absolutely beautiful one minute chart thusfar today... Goooooo ONTV.
3 out of 5 MDG Momentum Players crossing above the 25 period intraday 1 minute SMA lines, one stock has taken a hit though but looks to be very normal to the 15 minute chart, that stock is EGEI...
7 out of 10 MDG 80/20 stocks have crossed above the 25 period simple moving averages for the intraday 1 minute charts. Bullish.
ONTV up 25% so far, very nice
The collapse of the silver market meant countless losses for speculators. The Hunt brothers declared bankruptcy. By 1987 their liabilities had grown to nearly $2.5 billion against assets of $1.5 billion. In August of 1988 the Hunts were convicted of conspiring to manipulate the market
The year I graduated the University of Massachusetts, 1988.
Huh, Interesting says the blind man.
Appears to be no relation to the trucking company. LOL.
Only point of interests that I could find for the Hunt family was the University of Texas, First Oil Billionaire & First World Billionaire.?, 14 Kids... wow...
http://www.anessay.com/125469_caroline-rose_0812083857escapefromthedinosaurschildbooksummary.html
CYII is a gapper on low volume....
Market Opens Monday March 27.... Good Luck.
The Hunt Brothers and the Silver Bubble
Brian Trumbore
President/Editor, StocksandNews.com
In 1973, the Hunt family of Texas, possibly the richest family in America at the time, decided to buy precious metals as a hedge against inflation. Gold could not be held by private citizens at that time, so the Hunts began to buy silver in enormous quantity.
In 1979 the sons of patriarch H.L. Hunt, Nelson Bunker and William Herbert, together with some wealthy Arabs, formed a silver pool. In a short period of time they had amassed more than 200 million ounces of silver, equivalent to half the world's deliverable supply.
When the Hunt's had begun accumulating silver back in 1973 the price was in the $1.95 / ounce range. Early in '79, the price was about $5. Late '79 / early '80 the price was in the $50's, peaking at $54.
Once the silver market was cornered, outsiders joined the chase but a combination of changed trading rules on the New York Metals Market (COMEX) and the intervention of the Federal Reserve put an end to the game. The price began to slide, culminating in a 50% one-day decline on March 27, 1980 as the price plummeted from $21.62 to $10.80.
The collapse of the silver market meant countless losses for speculators. The Hunt brothers declared bankruptcy. By 1987 their liabilities had grown to nearly $2.5 billion against assets of $1.5 billion. In August of 1988 the Hunts were convicted of conspiring to manipulate the market.
One other experience in the silver bubble worth noting, according to author Edward Chancellor ("Devil Take the Hindmost"), is the experience of an official at the Peruvian Ministry of Commerce, employed to hedge his country's silver production, who lost $80 million by illicitly selling silver short. Said Chancellor, "Although a relatively small sum for a sovereign nation, it was an omen: the 'rogue trader' had appeared on the modern financial scene."
The stock market had its own troubles during the rise and fall of silver. The Dow Jones peaked on February 13, 1980 at 903.84. The day of the collapse, March 27th, the Dow closed at 759.98, a decline of 16% in just 6 weeks. [However, intraday, the loss between the 2/13 high of 918.17 and the 3/27 intraday low of 729.95 was actually 20%.]
For many traders the collapse in silver was the final straw for a stock market already under siege from worries as diverse as the Iranian hostage crisis, the Russian invasion of Afghanistan and soaring interest rates. [The consumer price index climbed at a 13% rate for 1979. The prime lending rate hit 22% in early 1980]. But by the year's end, the whole decline was almost forgotten. The Dow ended the year at 963.99, thanks in large part to the euphoria over the election of Ronald Reagan.
Bad Luck day in 1979:
Sheikh Bakhsh's banker, Khalid bin Mahfouz, now 73, is the son of the founder of the leading bank in Saudi Arabia, the National Commercial Bank, founded in 1950. In the 70's the Mahfouz family joined the Hunt brothers of Texas in cornering the world silver market in an attempt to manipulate the price. Silver prices rose more than 2500% before regulatory changes eventually put an end to the gambit, but not before a near financial panic worldwide. The Hunt brothers declared bankruptcy and many investors suffered huge losses as prices dropped precipitously, achieving a single day decline of 50% on March 27, 1979. Although the Mahfouz family sold its 20% stake in BCCI, during their involvement with the bank they reportedly used it as a private cash register, obtaining over $175 million in unsecured loans.
In the EARLY Premarket:
Lucent moving somewhat with 221,400 shares exchanged already
Xoma with 7400 shares traded already, goooodie.
Nabi, and IIIN are nibbling in volume
SWN with some shares going
GNBT 730,000 shares ALREADY !!!
JDSU, TIE, and ERS warming up as well.......
On a Lighter Note ( sort of ...grrrrrr.).
Sony Pictures Entertainment and Thought Equity Join Forces to Offer Blockbuster Film Footage for Online Licensing at www.thoughtequity.com
CULVER CITY, Calif. & DENVER--(Business Wire)--March 27, 2006--
Sony Pictures Entertainment (SPE) and Thought Equity,
home to the world's largest entertainment motion content library,
today jointly launched the Sony Pictures Collection, a distinctive
library of film footage that includes scenes shot during the
production of SPE's box-office hits and cinematic masterpieces.
The Sony Pictures Collection is an unparalleled partnership that
marks the single largest motion content investment in the stock
footage business and unites film content from SPE (and its theatrical
brands, including Columbia Pictures, TriStar Pictures and Screen Gems)
with Thought Equity's exceptional technology and user experience and
is offered to the production community through
www.thoughtequity.com/sonypictures.
Thought Equity specializes in the licensing of premium film and HD
motion imagery aimed at serving world-class production professionals.
The Sony Pictures Collection provides producers worldwide with instant
access to high-caliber footage filmed for its blockbuster franchises
as well as from some of the most beautifully filmed features ever
made.
The Sony Pictures Collection features footage that is costly,
time-consuming and physically demanding to shoot, including
explosions, stunts, natural phenomena and scenes from remote
geographic locations. The collection includes technically challenging
footage depicting extraordinary atmospheric and outer space scenes,
and sophisticated special effects. Highlights of the collection
include footage specifically designed to evoke emotions that are
adrenalin-pumping, inspiring, humorous and poignant.
"Sony Pictures Stock Footage will continue to service customers
and sell content directly as we have been doing for many years.
However, taking on Thought Equity as an exclusive partner will extend
our reach and bring our library of more than 70,000 clips to the
attention of a much wider audience around the world," said Brian
Merriman, Executive Director Business Development, Worldwide Product
Fulfillment for SPE. "With Thought Equity's premiere technology, we'll
be able to show more people just how breathtaking and dramatic our
footage really is."
"Thought Equity's mission is to take the world's finest motion
content and make it available to production professionals worldwide
with a level of speed, efficiency and quality never before available,"
stated Kevin Schaff, founder and CEO of Thought Equity. "The Sony
Pictures Collection represents the best filmmaking talent in the world
and characterizes the level of quality our customers have come to
expect from us."
The collection boasts unique international footage filmed in
environments that require months or years of staging, including scenes
from remote locales, as well as ones that capture fortuitous
circumstances impossible to recreate. At the same time, the Sony
Pictures Collection includes highly usable footage in great demand,
such as establishing shots. It offers some of the best coverage of
American metropolitan cities like New York and Los Angeles and the all
important driving point of view footage. Still, the library is rich
with process plates, footage that serves as background when actors are
filmed in front of a blue or green screen.
"The Spider-Man, Men in Black, Bad Boys and Charlie's Angels
franchises didn't just provide us with amazing stunts and explosions,
they yielded a treasure trove of subway footage, driving scenes, and
riveting images of everyday life in metropolitan cities," said
Merriman. "Similarly, the library is plush with natural landscape
footage of unparalleled cinematic scope from such critically acclaimed
features as Legends of the Fall, A River Runs Through It, Seven Years
in Tibet, and Memoirs of a Geisha," stated Merriman.
The Sony Pictures Collection footage was shot entirely on film and
is hand-selected for entertainment and creative use. The collection is
available for immediate online download in HD and lower resolutions,
and can also be delivered in any film element required.
About Sony Pictures
Sony Pictures Entertainment (SPE) is a subsidiary of Sony
Corporation of American (SCA), a subsidiary of Tokyo-based Sony
Corporation. SPE's global operations encompass motion picture
production and distribution; television production and distribution;
digital content creation and distribution; worldwide channel
investments; home entertainment acquisition and distribution,
operation of studio facilities; development of new entertainment
products, services and technologies; and distribution of filmed
entertainment in 67 countries. Sony Pictures Entertainment can be
found on the World Wide Web at www.sonypictures.com.
About Thought Equity
Thought Equity is headquartered in Denver, Colo., and is a
worldwide supplier of motion content licensing and management to the
entertainment, creative and corporate production industries. The
company's Web site, www.thoughtequity.com, is the premier resource for
production professionals who need instant access to the world's finest
film and HD content for their broadcast, cable, wireless and other new
media productions and programs. For more information about Thought
Equity, visit www.thoughtequity.com.
All trademarks, trade names, registered trademarks, service marks
or registered trade names are property of their respective holders.
Thought Equity
Holly Hamann, 303-308-3192
email: hhamann@thoughtequity.com
or
Sony Pictures Entertainment
Jim Kennedy, 310-244-6777
email: Jim_Kennedy@spe.sony.com
Copyright Business Wire 2006
27Mar06 12:15 GMT
Source BW Business Wire
(NASDAQ:QSII) Quality Systems, Inc. Prevails in Board of Directors Litigation [FXRJJWT] (From the Long Term Winners List)-dsd
IRVINE, Calif.--(Business Wire)--March 27, 2006--
Quality Systems, Inc. (NASDAQ:QSII) today announced that
the Company has prevailed in the Orange County Superior Court
litigation brought by Ahmed Hussein contesting the results of the
Company's 2005 Board of Directors election. Judge William M. Monroe
issued a decision upholding the validity of the previously announced
election results and finding that plaintiff was not entitled to
equitable relief.
Chairman of the Board Sheldon Razin commented, "The Company is
pleased that the Court has rejected Mr. Hussein's challenge and
confirmed the election and the judgment of the independent inspector
of elections. It is unfortunate, however, that Mr. Hussein has been
able to use this lawsuit to distract the Company and consume our
shareholders' resources for the past five months."
About Quality Systems
Quality Systems, Inc. and its NextGen Healthcare Information
Systems subsidiary develop and market computer-based practice
management, patient records, and connectivity applications for medical
and dental group practices. Visit www.qsii.com and www.nextgen.com for
additional information.
Quality Systems, Inc.
Sheldon Razin, 949-255-2600
www.qsii.com
or
CCG Investor Relations
Sean Collins, 310-477-9800
www.ccgir.com
Copyright Business Wire 2006
27Mar06 13:00 GMT
Symbols:
de;QY1 us;QSII
Source BW Business Wire
(NYSE: SWN) Southwestern Energy Announces Record 2005 Financial and Operating Results [FWGYXZT]
Net Income Increases By 43% to $147.8 Million; Proved Reserves Increase By 28%
to 826.8 Bcfe
HOUSTON, Feb. 28 /PRNewswire-FirstCall/ -- Southwestern Energy Company
(NYSE: SWN) today announced financial and operating results for the fourth
quarter and the year ended December 31, 2005. Calendar year 2005 highlights
include:
* Record earnings of $147.8 million, up 43% from 2004
* Record net cash provided by operating activities before changes in
operating assets and liabilities (a non-GAAP measure reconciled below)
of $321.8 million, up 35% from 2004
* Record oil and gas production of 61.0 Bcfe, up 13% over 2004
* Record proved oil and gas reserves of 826.8 Bcfe, up 28% over 2004
For the fourth quarter of 2005, Southwestern reported net income of
$48.9 million, or $0.29 per diluted share, up 48% from $32.9 million, or
$0.22* per diluted share, for the same period in 2004. Net cash provided by
operating activities before changes in operating assets and liabilities
(non-GAAP; see reconciliation below), was $102.8 million in the fourth quarter
of 2005, up 42% from $72.4 million in 2004. Strong commodity prices and higher
production from the company's exploration and production (E&P) segment led to
the improved financial results.
Southwestern reported record net income for 2005 of $147.8 million, or
$0.95 per diluted share, up from $103.6 million, or $0.70* per diluted share
in 2004. Net cash provided by operating activities before changes in operating
assets and liabilities (non-GAAP; see reconciliation below) also set a new
record at $321.8 million, up from $237.7 million in 2004. A 13% increase in
production volumes and higher realized natural gas and oil prices primarily
drove the improved financial results.
"2005 was an outstanding year for our company, marked by record
achievements in our operating and financial results," stated Harold M. Korell,
President and Chief Executive Officer of Southwestern Energy. "For the third
straight year we set new records for annual production volumes and reserve
replacement. Our financial results were also outstanding, as we delivered new
records for earnings and cash flow, and our balance sheet is the strongest
it's ever been. We have started the year at a very fast pace and look forward
to what 2006 will bring as results from our Fayetteville Shale play unfold."
* Adjusted to reflect the company's two two-for-one stock splits
during 2005.
Fourth Quarter of 2005 Financial Results
E&P Segment - Operating income from the company's E&P segment was
$69.6 million for the three months ended December 31, 2005, up from
$50.6 million for the same period in 2004. The increase in 2005 was primarily
due to increased production volumes and higher realized natural gas and oil
prices, partially offset by increased operating costs and expenses.
Gas and oil production totaled 15.7 Bcfe for the three months ended
December 31, 2005, up 4% compared to 15.1 Bcfe in the fourth quarter of 2004.
The increase in 2005 production resulted primarily from increased production
from our Overton Field in East Texas and the Arkoma Basin. Production during
the fourth quarter of 2005 was lower than expected primarily due to delays in
the company's drilling programs in its Fayetteville Shale play and Ranger
Anticline area in Arkansas caused by drilling rig problems. Southwestern's
first quarter 2006 production guidance is 15.7 to 16.1 Bcfe.
Southwestern's average realized gas price was $7.51 per Mcf, including the
effect of hedges, in the fourth quarter of 2005 compared to $5.58 per Mcf in
the fourth quarter of 2004. The company's commodity hedging activities lowered
its average gas price $3.02 per Mcf during the fourth quarter of 2005 and
$0.88 per Mcf during the same period in 2004. Disregarding the impact of the
company's hedges, the company's average price received for its gas production
during the fourth quarter of 2005 was approximately $2.44 per Mcf lower than
average NYMEX spot prices, compared to approximately $0.65 per Mcf during the
fourth quarter of 2004. This change was primarily due to widening locational
market differentials that occurred in the company's core operating areas
during the fourth quarter of 2005.
Southwestern's average realized oil price was $43.71 per barrel, including
the effect of hedges, during the fourth quarter of 2005 compared to $37.00 per
barrel in the fourth quarter of 2004. The company's hedging activities lowered
its average oil price $14.07 per barrel during the fourth quarter of 2005 and
$10.56 per barrel during the same period in 2004.
Lease operating expenses per Mcfe for the company's E&P segment were $0.51
per Mcfe in the fourth quarter of 2005, compared to $0.37 per Mcfe in the same
period in 2004. The increase in lease operating expenses per Mcfe in 2005
resulted from increases in compression, saltwater disposal and gas processing
costs as wells as generally higher oilfield service costs. General and
administrative expenses per Mcfe were $0.64 during the fourth quarter of 2005,
as compared with $0.39 for the same period in 2004. The increase in general
and administrative expenses for the E&P segment was due primarily to increased
payroll costs due to the expansion of the company's E&P operations related to
the Fayetteville Shale play and increased incentive compensation costs. Taxes
other than income taxes per Mcfe were $0.40 during the fourth quarter of 2005,
compared to $0.33 per Mcfe during the same period in 2004. The increase in
2005 was due primarily to increased severance and ad valorem taxes that
resulted from increases in commodity prices. The company's full cost pool
amortization rate increased to $1.54 per Mcfe in the fourth quarter of 2005,
compared to $1.23 per Mcfe for the same period in 2004, primarily due to
increased finding and development costs.
Natural Gas Distribution Segment -- Operating income for the company's
natural gas distribution segment was $3.0 million for the three months ended
December 31, 2005, down from $3.8 million for the same period in 2004. The
decrease in operating income for this segment resulted from increased
operating costs and expenses and reduced usage per customer due to customer
conservation brought about by high gas prices and warmer than normal weather.
Effective October 31, 2005, the Arkansas Public Service Commission approved a
rate increase for Arkansas Western Gas Company of $4.6 million annually.
Midstream Services -- Operating income for the company's midstream
services segment, which is comprised of natural gas marketing and gathering
activities, was $2.2 million for the three months ended December 31, 2005,
compared to $0.7 million in the same period in 2004. The increase in 2005 was
primarily due to higher marketing margins on natural gas sales caused in large
part by the increased volatility of locational market differentials in the
company's core operating areas.
Transportation and Other -- The company recorded pre-tax income from
operations relating to the company's 25% interest in the Ozark Gas
Transmission System of $1.3 million during the fourth quarter of 2005,
compared to pre-tax income of $0.7 million for the same period in 2004.
SOURCE Southwestern Energy Company
Greg D. Kerley, Executive Vice President and Chief Financial Officer,
+1-281-618-4803, or Brad D. Sylvester, CFA, Manager, Investor Relations,
+1-281-618-4897, both of Southwestern Energy Company
28Feb06 22:08 GMT
Symbols:
ud;SWN us;SWN
Source PRN PR Newswire
(NASDAQ:XOMA)XOMA Reports 2005 Results; Significant Revenue Growth and Other Key Milestones Attained... [FWSPZGC]
XOMA Reports 2005 Results; Significant Revenue Growth and Other Key Milestones Attained in 2005
BERKELEY, Calif.--(Business Wire)--March 8, 2006--
XOMA Ltd. (NASDAQ:XOMA), a leader in the discovery and
development of antibody therapeutics for cancer and immunological
disorders, today announced its results for the quarter and full year
ended December 31, 2005.
Total revenues in 2005 were $18.7 million, compared with $3.7
million in 2004. The increase was due to several factors, including
increases in royalty revenues from the sale of Genentech, Inc.'s
(NYSE:DNA) RAPTIVA(R), revenues from our arrangements with Genentech,
Chiron Corporation (NASDAQ:CHIR) and the National Institute of
Allergy and Infectious Diseases (NIAID), and upfront and milestone
payments related to the out-licensing of our products and
technologies, and other collaborative arrangements.
Operating expenses in 2005 were $54.7 million compared with $81.8
million in 2004. The reduction in expense was principally due to a
reduction in spending on MLN2222, reduced spending as a result of the
termination of our collaboration with Alexion Pharmaceuticals, Inc.
(NASDAQ:ALXN) and reduced spending on RAPTIVA(R) following the
restructuring of our collaboration arrangement with Genentech. These
reductions were partially offset by increased spending on our
collaboration arrangements with Chiron, Aphton Corporation (NASDAQ:
APHT), Lexicon Genetics (NASDAQ:LEXG), and our R&D work for NIAID.
Net income was $2.8 million or $0.03 per share for the fiscal year
ended December 31, 2005, compared with a net loss of $78.9 million or
$0.93 per share for the year ended December 31, 2004. The improvement
in net income was primarily a result of the restructuring of our
Genentech arrangement and subsequent extinguishment of our obligation
to pay $40.9 million under a development loan from Genentech, which
was recorded as a gain on extinguishment of debt in 2005.
Cash, cash equivalents and short-term investments at December 31,
2005 were $43.5 million, compared with $24.3 million at December 31,
2004. This $19.2 million increase primarily reflects net proceeds from
our convertible debt financing of $56.4 million and the drawdown on
our Chiron loan facility of $12.4 million, offset by cash used in
operations of $44.2 million, cash used in capital investing activities
of $4.8 million and cash used in other financing activities of $0.4
million.
A more detailed discussion of the financials is provided below and
in XOMA's 10-K filing.
"I am pleased with the progress we made in 2005 in demonstrating
the power of our business model and our goals of moving the company
towards profitability, broadening the product pipeline, and reducing
our financial and development risk," said John L. Castello, President,
Chairman and CEO of XOMA. "In addition to the growth of RAPTIVA(R)
sales for psoriasis in the US, Genentech's international partner
Serono, S.A. continues to gain approval in more countries and is
growing international sales. Our oncology collaboration with Chiron
yielded the commencement of clinical trials for CHIR-12.12 in two
indications, and we initiated a collaboration with Lexicon. Our
strategy of utilizing our manufacturing assets to generate revenue
resulted in two significant contracts. During the year, we also made
important progress on our own internal development programs, including
those for BPI and an exciting new compound, XMA 005.2."
XOMA Ltd.
Investor Relations
Paul Goodson, 510-204-7270
Copyright Business Wire 2006
08Mar06 23:37 GMT
Symbols:
de;XOM de;XOMF de;XOMX us;XOMA
Source BW Business Wire
Aehr Test Systems Reports Third Quarter Results for Fiscal 2006
FREMONT, Calif., March 23 /PRNewswire-FirstCall/ -- Aehr Test Systems (Nasdaq: AEHR), a leading supplier of semiconductor test and burn-in equipment, today announced financial results for the third quarter of fiscal 2006 ended February 28, 2006.
Net sales were $6.3 million in the third quarter of fiscal 2006, an increase of 203% from $2.1 million in the third quarter of fiscal 2005, and up approximately 9% from $5.8 million in the second quarter of fiscal 2006. The Company reported net income of $360,000, or $0.05 per diluted share, in the third quarter of fiscal 2006, compared with a net loss of $1.2 million, or $0.16 per diluted share, in the third quarter of fiscal 2005, and net income of $166,000, or $0.02 per diluted share, in the second quarter of fiscal 2006.
"I am pleased to report Aehr Test's second consecutive quarter of profitability driven by strong sales of our MTX-Fp+ test system for massively parallel testing of flash memories," said Rhea Posedel, chairman and chief executive officer of Aehr Test Systems. "With the capacity to parallel test over 12,000 memory devices, this system is a highly effective tool for
reducing test costs in the price competitive flash memory market.
"We recently announced our first multi-million dollar production order for our FOX(TM) wafer-level burn-in system from a leading automotive IC manufacturer, indicative of our leadership in this growing market as well as offering a significant follow-on opportunity," Posedel continued. "We also received over $4 million in repeat orders for our MAX systems from a leading semiconductor manufacturer, mostly for burn-in of automotive ICs. We anticipate that the automotive market will remain a key growth driver for our MAX systems over the next few quarters."
Net sales were $16.8 million in the first nine months of fiscal 2006, compared with $12.8 million in the first nine months of fiscal 2005. Net income for the nine months ended February 28, 2006 was $282,000, or $0.04 per diluted share, compared with a net loss of $3.1 million, or $0.42 per diluted
share, in the same period of the prior fiscal year.
At February 28, 2006, cash and cash equivalents, short-term investments and long-term investments were $10.0 million, compared to $6.8 million at the end of the second quarter of fiscal 2006. Aehr Test ended the third quarter of fiscal 2006 with no outstanding debt and shareholders' equity of
$17.7 million, or $2.36 per share outstanding at February 28, 2006.
"We expect increased net sales and profitability for the fourth quarter of fiscal 2006, when compared to the prior quarter," said Gary Larson, vice president and chief financial officer of Aehr Test Systems. "With our solid execution and the positive trends in our core business, we expect to close
fiscal 2006 by reporting a significant increase in annual net sales over fiscal 2005. We also anticipate full-year profitability in 2006, which marks a dramatic improvement in our bottom line compared to the prior year."
SOURCE Aehr Test Systems
Investor/Analyst, Amy Cozamanis of Financial Relations Board, +1-310-854-8314,
for Aehr Test Systems
23Mar06 21:05 GMT
Symbols:
us;AEHR
Source PRN PR Newswire
SSTY Releases Further Details of ONTV, Inc. Acquisition [FXPHBZW]
BEIJING, and PHILADELPHIA, March 24 /PRNewswire-FirstCall/ -- On March 17,
2006, Sure Trace Security Corporation (OTC: SSTY) announced that it had
acquired the controlling interest in ONTV, Inc. (OTC Bulletin Board: ONTV), a
company presently trading on the NASDAQ OTC Bulletin Board.
At the time it stated that consideration was in cash and contractual
rights.
Sure Trace intends to provide to its stockholders detailed information
regarding the business and management of ONTV, which we expect will be renamed
True Product ID, Inc. (TPID). In addition, ONTV, which will be under separate
day-to-day management from Sure Trace, intends to file important information
related to the spin-off with the Securities and Exchange Commission on Form 8-
K.
In the meantime, in response to shareholder requests, Sure Trace is
providing the following additional information. It is not meant to be a
comprehensive disclosure of all material facts concerning either Sure Trace or
ONTV. It is limited to a description of the purchase transaction.
The acquisition took the form of the purchase of the common stock of ONTV,
the outstanding shares of Class A Preferred Stock, and the outstanding shares
of Class B Preferred Stock. The consideration for the common and Class A
Preferred Stock was the grant to ONTV of a Master License from Sure Trace to
conduct all marketing and administrative rights, duties, responsibilities and
obligations presently held by Sure Trace and its subsidiaries (except for
those granted/reserved to Sure Trace or other parties prior to closing),
including the rights, duties, responsibilities and obligations for the
Company's activities in China and the rest of the world. The consideration
for the Class B Preferred Stock was a payment of $500,000 to the former
Chairman, President and CEO of ONTV. All shares issued to Sure Trace are
"restricted" as defined by SEC Rule 144.
In its February 10, 2006 press release, Sure Trace stated an intention to
issue to its shareholders, as a dividend, the shares of ONTV acquired in this
transaction. The company intends to complete this transaction in full
compliance with federal securities laws. In the transaction, Sure Trace
acquired 75% of the outstanding shares of ONTV (i.e., 75 million shares, after
conversion of preferred shares, of the 100 million authorized). The other
approximately 25 million ONTV shares are in the hands of public shareholders
of ONTV. In the February 10, 2006 press release, Sure Trace said that it
intended to distribute approximately 90% of the common stock of the acquired
company. In order to get to that level, the company planned to increase its
amount of shares post-acquisition.
At that time the company envisioned issuing an additional 150 million
restricted shares to SSTY (after first increasing the authorized shares) so as
to bring the total OS to 250 million. That would leave approximately 25
million shares in the float and the company's 225 million would equal the 90%
stated. However, for strategic reasons, the plan has changed, in light of the
company's intention to not authorize, issue or register any additional free
trading shares into the market during the 12-month period following the
acquisition. While SSTY will still distribute 100% of the common stock it
holds, that would represent 80% of TPID, not 90%. The reasoning is that it
became apparent to the company that 25 million shares, which would be the only
shares in the float during that time, may not provide enough liquidity in the
stock and may inhibit the company in attracting new investors in the open
market; therefore we expect that ONTV will issue only 25 million additional
restricted shares to Sure Trace, thereby bringing the total outstanding shares
to 125 million, and then effectuate a 2:1 forward split, so that Sure Trace
would own 200 million restricted shares and the remaining stockholders would
own approximately 50 million shares. These 200 million held by SSTY are the
shares that will be the subject of the SSTY shareholder dividend at
approximately 20:1, that is for approximately every 20 shares of SSTY a
shareholder would receive 1 restricted share of ONTV/TPID. They would also
retain their shares of SSTY.
Since there were 3,939,517,068 shares of Sure Trace issued and outstanding
as of the Record Date, that makes the conversion ratio 19.697:1 (i.e. for
every 19.697 shares of SSTY the shareholder is scheduled to get 1 TPID/ONTV)
given that there will be 200 million TPID/ONTV shares to distribute. The
current plan envisions the dividend shares being issued shortly after 20 days
from the date of mailing of the Information Statement. The following is a
further illustration of the effect of this planned distribution to SSTY
shareholders. The following figures represent the daily moving average of the
respective stocks for and as of the five-hour period preceding the close of
the market 3/24/06)
19.679 SSTY shares @ $0.00169 = $0.033
1.0 ONTV share = $0.099 ($0.1989 adjusted for the split)
-----------------------
TOTAL VALUE = $0.1685
Therefore, as of the close of business 3/17/06, approximately $0.033 worth
of SSTY would give the shareholders of record approximately an additional
$0.10 worth of ONTV stock for free.
Michael Cimino, SSTY's president said: "As our Chairman, James Mackay said
previously, we hope to follow this template (that is, shares in the public
company will be delivered to SSTY's then-present shareholder base) with at
least one other subsidiary of SSTY, Globe Staff. Although no specific plan
exists for Globe Staff at this time, we are working diligently toward such an
event."
SOURCE Sure Trace Security Corporation
Michael Cimino, President, Sure Trace Security Corporation, +1-215-972-6999,
michaelc@suretrace.com
24Mar06 14:49 GMT
Symbols:
de;TJS us;ONTV us;SSTY
Source PRN PR Newswire
eGene's Rapid DNA Analyzer Can Identify Avian Flu Virus in Minutes; Use of System Worldwide Could Help Contain Spread
IRVINE, Calif.--(Business Wire)--March 23, 2006-
eGene Inc. (OTCBB:EGEI), developers of a revolutionary
high-performance genetic analysis technology, today said that if put
into use at airports, borders and points of entry, its portable
HDA-GT12(TM) Genetic Analyzers would have the ability to evaluate
amplified DNA samples for genetic signatures of avian flu in less than
10 minutes and help halt the spread of the illness.
Ming S. Liu, acting CEO of eGene, said: "There will be an urgency
to halt the spread of the flu, should the genetic makeup mutate
rapidly so that it spreads human to human. The best way in our jet-age
to try and stop a pandemic would be to identify and diagnose those who
have the flu before they enter the country, whether at an airport,
waterway or border. Our system is so compact that it can sit on a desk
top to rapidly identify avian flu virus through the method of direct
RT-PCR amplification, which is the fast approach to detect the avian
flu H5N1 strain. The system can be used at these sites with a minimum
amount of delays."
eGene's patented system is one that can analyze any disease's
genetic signature including those from malaria, hepatitis B and C,
HIV, HPV and TB as well as many others, many of which are described at
the company's Web site: www.egeneinc.com. Because of this flexibility,
the eGene Analyzers could provide a safety net for public health as
individuals enter the country.
The HDA-GT12(TM) Genetic Analyzer is in use at more than 100
hospitals and research centers worldwide, including Taiwan's disease
control center, and has been developed to use solid-state light
sources and micro-optical collectors to make the system compact and
affordable. The system analyzes genetic fingerprinting of living
organisms through microsatellites, AFLP and RFLP. It performs RNA and
oligonucleotide quality checks, as well as fast DNA sample screening,
high-resolution DNA fragment analysis (2-5bp) and large DNA fragments
analysis (up to 10Kb). The system also analyzes the quality and
quantity of total RNA and cRNA, determines the efficiency of cRNA and
cDNA amplification reactions and ensures quality of fragmented cRNA.
The company sells cartridges that are specific to the type of analysis
to be performed. All data is then received in digital form for
appropriate transmission and storage.
Martin E. Janis & Company Inc. for eGene Inc.
Beverly Jedynak, 312-943-1100, ext. 12
or
Andrew Ponzo, 312-943-1100, ext. 17
Copyright Business Wire 2006
23Mar06 18:51 GMT
Symbols:
us;EGEI
Source BW Business Wire
Smart-tek Solutions, Inc. Completes Successful Demonstration in China of Its
Proprietary System to Monitor Poultry Flocks That May Be Subject to Avian Flu
CORTE MADERA, Calif., March 21, 2006 (PRIMEZONE) -- Smart-tek Communications,
Inc. announced today the successful completion of a demonstration in the
People's Republic of China of its RFID tracking and containment system for its
parent company, Smart-tek Solutions, Inc (OTCBB:STTK).
"This is a huge step forward in the marketing of our proprietary technology
solution to the world," said Perry Law, president of Smart-tek Communications,
Inc. "The potential dollar value of this industry segment is in the hundreds of
millions of dollars and, with a viable solution developed by our Company to
penetrate this market, it may provide the Company and its shareholders with a
tremendous opportunity for growth," said Law.
More than 50 government, academic and industry experts attended the
demonstrations which were conducted in Beijing. Additionally, numerous media,
including CCTV (China Central TV -- the largest state-owned television
broadcaster) were on hand.
"With an estimated 13 billion chickens in China, this is such an extremely
critical issue that there was a very high level of interest on the part of the
governmental officials who attended," said Perry Law. "The general consensus was
that they view the RTAC-PM (short for 'RFID Tracking Alert Containment and
Poultry Monitoring) system as a viable method to monitor the threat of the
deadly bird flu virus. The next step in the process is for Smart-tek to provide
specific costing budgets required to implement the system according to client
specifications. All indications are that the governmental officials in
attendance would recommend the system to the central government."
The system, "RTAC-PM," was designed for the livestock industry and is targeted
specifically for the poultry industry with user-defined alerts that may assist
governmental agencies to monitor poultry movement. The RTAC-PM system
incorporates leading edge technology and is customized around customers'
requirements with the flexibility to adapt to various types of OEM products.
Smart-tek has an established relationship with its sole licensee, SES Investment
(China) Limited, which will serve as the liaison with the central government and
facilitate implementation of the system upon final approval by the appropriate
authorities.
"The potential for application of the RTAC-PM system is tremendous in China,"
said Law. "We are now ready to customize our solution to clients' needs."
"Frankly, we were overwhelmed with the reception of the system," said Law.
"We've always been confident we had a 'better mouse trap,' but the high praise
we received in China was third party affirmation that the RFID is a vital tool
in combating what may be one of the greatest threats currently facing mankind."
About Smart-tek Solutions Inc.
Smart-tek Solutions Inc. is a technology holding company in the security and
surveillance sector providing turnkey state of the art systems design and
installation through its wholly owned subsidiary, Smart-tek Communications, Inc.
Smart-tek Communications, Inc. is the Company's initial acquisition in this
sector and is appropriately positioned to pursue additional acquisitions in
order to restore and enhance shareholder value.
Smart-tek Communications Inc. is a market leader in integrated security, voice
and data communication systems. Located in Richmond, British Columbia, SCI
specializes in the design, sale, installation and service of the latest in
security technology with proven electronic hardware and software products. SCI
has positioned itself as a security systems leader in the Greater Vancouver
area, supplying over 45% of new downtown core construction projects. Valued
customers include major developers, general and electrical contractors,
hospitals, Crown Corporations, law enforcement agencies and retail facilities.
Projects range from high-end residential and commercial developments to system
upgrades and monitoring contracts. SCI's continued growth and success is a
direct result of providing a consistently superior product at competitive
pricing to both new and existing clients. SCI's stellar client retention is in
itself a testimonial to the overall excellence of the product designed and
installed.
-0-
CONTACT: Peter Nasca Associates, Inc.
Peter Nasca
305-937-1711
21Mar06 15:05 GMT
Symbols:
de;S8R us;STTK
Source PZM PrimeZone Media
Reptron Electronics, Inc. Reports Fourth Quarter and Twelve Months 2005
Financial Results
TAMPA, Fla., March 23 /PRNewswire-FirstCall/ -- Reptron Electronics, Inc.
(OTC Bulletin Board: RPRN), an electronics manufacturing services company,
today reported financial results for its fourth quarter and twelve months
ended December 31, 2005.
Reptron recorded fourth quarter 2005 net sales of $36.6 million, a 1.5%
increase from the same period a year ago, and a 12.3% increase from the third
quarter of 2005. The Company recorded fourth quarter 2005 net loss of
$4 thousand, or $0.00 per fully diluted share. This compares to a $1.1 million
loss, or $0.23 per fully diluted share, in the same period a year ago,
including net earnings of $0.3 million from the 2003 discontinued operations
and reorganization costs.
For the year ended December 31, 2005, net sales totaled $138.5 million, a
2.2% decrease from 2004 (eleven months Reorganized Company combined with one
month of the Predecessor Company). The Company recorded a loss during the
year ended December 31, 2005 totaling $14.5 million, or $2.89 per fully
diluted share, including a non-cash impairment charge to goodwill of
approximately $10.1 million as well as an increase to the deferred tax asset
valuation allowance of approximately $0.4 million. This compares to a loss of
$0.7 million, or $0.15 per fully diluted share, during 2004 (eleven months
Reorganized Company loss of $1.7 million combined with one month of the
Predecessor Company earnings of $1.0 million), including reorganization gain
and expenses, net of related income tax effect of $1.8 million. The earnings
per share calculated for the period ending December 31, 2004 above are based
only on the five million shares issued and outstanding of the reorganized
company.
"Reptron significantly reduced operating losses in the fourth quarter of
2005," stated Paul J. Plante, Reptron's president and chief executive officer.
Plante continued, "Our fourth quarter 2005 results reflect the combination of
the cost reduction plan we implemented earlier this year and growing customer
demand."
As previously reported, Reptron sold certain identified assets of its
electronic components distribution division on June 13, 2003. Additionally,
the Company sold certain assets of its memory module division on October 27,
2003. The 2004 results have been adjusted to reflect the remaining operations
while segregating and summarizing the electronic components distribution and
memory module divisions as discontinued operations.
SOURCE Reptron Electronics, Inc.
Charles L. Pope, Chief Financial Officer, Reptron Electronics, Inc.,
+1-813-854-2000, or cpope@reptron.com
23Mar06 22:09 GMT
Symbols:
de;RPT us;RPRN
Source PRN PR Newswire
XcelPlus Reaches National Marketing Budget Threshold [FXPBFBL]
SALUDA, Va.--(Business Wire)--March 24, 2006--
XcelPlus International Inc (PINK SHEETS: XLPI), XcelPlus
International (http://XcelPlus.com) is excited to announce there is
now an advertising program in place that will allow our products to be
sold on the retail level.
Global Media Fund is agreeing to increase our advertising via
radio and print ads to $10 million dollars. This advertising program
is huge for our company, as it is double the $5 million dollars
required by retailers today such as Wal-Mart, Advance Auto, Pep Boys,
K-Mart, Auto Zone NAPA and others.
We have already approved the first ad and are preparing to start
approaching the retailers in April. This will hopefully have our
products on the shelves before the summer travel season. This would be
great for our country because we can effectively reduce fuel
consumption by over 100 million barrels annually according to the US
Department of Energy testing.
We also anticipate being able to roll out a nationwide launch our
E85 adapter kit in the next couple of weeks.
For investor relations you can contact Brad Novak at
bnovak@xcelplus.com or by phone at 949-661-5780.
XcelPlus International Inc.
Brad Novak, 949-661-5780
bnovak@xcelplus.com
Copyright Business Wire 2006
24Mar06 11:00 GMT
Symbols:
us;XLPI
Source BW Business Wire
Categories:
MST/I/AUT MST/I/ICS MST/I/OVS MST/L/EN MST/R/NME MST/R/US MST/R/US/VA
TGT/BWB
Since both lists for Multi Day Gainers MDG methods 2, and 4 were instinctually well thought out and designed this weekend I will let them ride till Friday March 31 to assess performance on these.
No midweek additions or deletions this week so if they correct they correct and we shall see the week ending results.