full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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Aspen Exploration Commences 2006 Drilling Season With Successful Gas Well
Monday January 23, 12:08 pm ET
Commences Gas Sales From Eighth New Well Drilled in 2005
DENVER, CO--(MARKET WIRE)--Jan 23, 2006 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), with offices in Bakersfield, California, and Denver, Colorado, announced today the commencement of the 2006 drilling season with a gas discovery in the Sacramento Valley gas province of northern California.
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The Merrill #31-2 well located in the Malton Black Butte Field, Tehama County, California, was drilled to a depth of 2,450 feet and encountered approximately 40 feet of potential gas pay in the Lower Kione formation. Production casing was run based on favorable mud log and electric log responses. This well also encountered approximately 100 gross feet of partially depleted gas sand in the Upper Kione formation, which yielded valuable data regarding the possibility of drilling a future underbalanced horizontal well in this zone. The Upper Kione is a prolific gas producing zone in this area. Aspen has a 31% operated working interest in this well.
The WGU #15-10 well located in the West Grimes Gas Field, Colusa County, California, was directionally drilled to a depth of 8,520 feet (7,975 feet TVD) and encountered potential gas pay in the Forbes formation. The Forbes interval was perforated and commenced gas sales a flow rate of 140 MCFPD. Aspen has a 21% operated working interest in this well.
Coil Tubing Technologies Announces Strategic Partnership With Rollins Energy de Mexico
Monday January 23, 9:30 am ET
SPRING, TX--(MARKET WIRE)--Jan 23, 2006 -- Coil Tubing Technology, Inc. (Other OTC:CTBG.PK - News) is pleased to announce it has entered into a strategic partnership with Rollins Energy de Mexico subsidiary Thru Tubing Solutions (www.thrutubing.com). CTT will provide a full line of proprietary coil line tubing technologies to support well servicing operations in the northern and southern region of Mexico through July 2007. Rollins Energy de Mexico's primary client for oil and gas well servicing will be PEMEX, the Country of Mexico's largest corporation.
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PEMEX, the government-owned energy giant recognized as the ninth largest oil and gas company in the world and the third largest producer of crude oil in the world (Source: Petroleum Intelligence Weekly 2003), has been advised by the administration that Mexico needs to be fully self-sufficient in the supply of oil and gas by the end of the decade, prioritizing enhanced well production and drilling projects. PEMEX strives to bring new technologies to enhance well production in Mexico, and CTT is considered a premium tool supplier with products that can assist in reaching Mexico's stated goal of self sufficiency to the region, while aligning itself with Rollins subsidiary Thru Tubing Solutions, a premier service company.
Meanwhile, Halliburton and Schlumberger have increased their asset base in Mexico, supplying coil tubing units to meet the increased demand in activity while making a long-term commitment to the region.
"The partnership with the Rollins group is an ideal opportunity to place a concerted effort upon expanding the proprietary products of CTT into international markets with a corporation that has worldwide exposure and prestige," stated Jerry Swinford, President of Coil Tubing Technology.
About Coil Tubing Technology, Inc. (CTT)
Coil Tubing Technology, Inc. (CTT) has specialized in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing application: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling. CTT was founded in 1998 by Jerry Swinford, an oilfield tool designer with more than 15 patents granted or pending and more that 25 years experience in the creation of oilfield tools
CGCP to have profitable 4Q
Cardiogenesis Announces Preliminary Fourth Quarter, Year End Results
Monday January 23, 7:30 am ET
Annual Revenue Highest in Last Five Years; Profitability Expected for Fourth Quarter 2005
FOOTHILL RANCH, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (OTC Bulletin Board: CGCP - News), the market leader in surgical products and accessories used in angina-relieving Transmyocardial Revascularization (TMR) and Percutaneous Myocardial Channeling (PMC) procedures, today announced that the company expects a profitable fourth quarter and that 2005 annual revenues are expected to be at their highest level in the last five years. Strong handpiece sales combined with laser sales in the fourth quarter resulted in expected revenues in the range of $4.0 - $4.2 million for the fourth quarter and $16.2 - $16.4 million for the year. These results reflect the third consecutive quarter of revenues in excess of $4 million and an estimated 6% increase in revenues from the prior year. Fourth quarter profitability is expected to be between $300,000 and $500,000. The Company also announced the highest level of handpiece unit sales in four years with handpiece unit sales increasing by 14% from the prior year to over 3,400 units in 2005.
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Chairman and CEO, Michael J. Quinn commented, "The 2005 fourth quarter and year end results reflect the positive impact of the Company's actions over the last 12 months. For the first time in four years, our handpiece sales exceeded 800 units in three out of four quarters. We focused our sales force on our core TMR business which contributed directly to an increased acceptance of TMR in the surgical community. We also renewed our focus on international sales in 2005 and we currently have 11 distributor partnerships in 32 countries. These successful distributor relationships led to a 40% increase in international revenue from 2004 to 2005. In the third quarter, we implemented a vigilant restructuring effort which resulted in two consecutive profitable quarters for the third and fourth quarter. These positive operating results have enabled us to make our most recent two monthly note payments, totaling $250,000, to our primary lender (Laurus) in cash rather than through the issuance of additional common stock."
The company intends to release complete financial results for the fourth quarter and year-ended December 31, 2005 in February 2006.
About Cardiogenesis Corporation
Cardiogenesis is a medical device company specializing in the treatment of cardiovascular disease and is a leader in devices that stimulate cardiac angiogenesis. The Company's market leading Holmium: YAG laser system and disposable fiber-optic accessories are used to perform a FDA-cleared surgical procedure known as Transmyocardial Revascularization (TMR) to treat patients suffering from angina. Surgical products and accessories for the Cardiogenesis TMR procedure, which are marketed in the U.S. and around the world, have been shown to reduce angina and improve the quality of life in patients with coronary artery disease. Surgical products and accessories for the Company's minimally invasive Percutaneous Myocardial Channeling (PMC) procedure are currently being marketed in Europe and other international markets.
New VMC stock: CGCP
Cardiogenesis Announces Preliminary Fourth Quarter, Year End Results
Monday January 23, 7:30 am ET
Annual Revenue Highest in Last Five Years; Profitability Expected for Fourth Quarter 2005
FOOTHILL RANCH, Calif., Jan. 23 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (OTC Bulletin Board: CGCP - News), the market leader in surgical products and accessories used in angina-relieving Transmyocardial Revascularization (TMR) and Percutaneous Myocardial Channeling (PMC) procedures, today announced that the company expects a profitable fourth quarter and that 2005 annual revenues are expected to be at their highest level in the last five years. Strong handpiece sales combined with laser sales in the fourth quarter resulted in expected revenues in the range of $4.0 - $4.2 million for the fourth quarter and $16.2 - $16.4 million for the year. These results reflect the third consecutive quarter of revenues in excess of $4 million and an estimated 6% increase in revenues from the prior year. Fourth quarter profitability is expected to be between $300,000 and $500,000. The Company also announced the highest level of handpiece unit sales in four years with handpiece unit sales increasing by 14% from the prior year to over 3,400 units in 2005.
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Chairman and CEO, Michael J. Quinn commented, "The 2005 fourth quarter and year end results reflect the positive impact of the Company's actions over the last 12 months. For the first time in four years, our handpiece sales exceeded 800 units in three out of four quarters. We focused our sales force on our core TMR business which contributed directly to an increased acceptance of TMR in the surgical community. We also renewed our focus on international sales in 2005 and we currently have 11 distributor partnerships in 32 countries. These successful distributor relationships led to a 40% increase in international revenue from 2004 to 2005. In the third quarter, we implemented a vigilant restructuring effort which resulted in two consecutive profitable quarters for the third and fourth quarter. These positive operating results have enabled us to make our most recent two monthly note payments, totaling $250,000, to our primary lender (Laurus) in cash rather than through the issuance of additional common stock."
The company intends to release complete financial results for the fourth quarter and year-ended December 31, 2005 in February 2006.
About Cardiogenesis Corporation
Cardiogenesis is a medical device company specializing in the treatment of cardiovascular disease and is a leader in devices that stimulate cardiac angiogenesis. The Company's market leading Holmium: YAG laser system and disposable fiber-optic accessories are used to perform a FDA-cleared surgical procedure known as Transmyocardial Revascularization (TMR) to treat patients suffering from angina. Surgical products and accessories for the Cardiogenesis TMR procedure, which are marketed in the U.S. and around the world, have been shown to reduce angina and improve the quality of life in patients with coronary artery disease. Surgical products and accessories for the Company's minimally invasive Percutaneous Myocardial Channeling (PMC) procedure are currently being marketed in Europe and other international markets.
Rogue, I agree that there MUST be more reasons for selling in Japan than an internet company scandal (like the big selloff Friday in USA, plus more hawkish rhetoric and war games with an Iranian backdrop over the weekend).
Looks like another tremendous year for defense, gold, and oil stocks, eh? As for the rest of our portfolios ... it's not a great time for "buy and hold" tactics.
Looks like the next thing out of Tel Aviv may be something larger than their prime minister on a hospital bed, and I'd guess it will have a few bombs on it.
My God! What a stupid world!
EGY (up .20) continuing higher on above avg volume in the last hr. IMHO ... Something could be up on this one.
From InPlay service of Briefing.com:
KUWAIT OIL RESERVES ONLY HALF OFFICIAL ESTIMATE, PIW NEWSLETTER SAYS, CITING INTERNAL KUWAIT RECORDS - Reuters
FYI: Crude oil trading at session highs, now 67.95 +0.76... morning range 67.50-67.97
FYI: Could be some downward pressure on oil futures soon.
From Briefing.com's traderinplay service:
Hearing that some big guns stepping into the market here to short oil
Coil Tubing Technology to Supply Patented Subterranean Rotating Tool to British Petroleum (BP)
1/19/2006 4:00:01 PM
SPRING, TX, Jan 19, 2006 (MARKET WIRE via COMTEX) -- Coil Tubing Technology, Inc. (CTBG), a spinoff from Grifco International (GFCI), has been approved by British Petroleum (BP) Rocky Mountain and Mid Continent divisions to supply the patented CTT Subterranean Rotating Device.
The Subterranean Rotating Device, known to the coil tubing industry as the Rotating Tool, is the only tool on the market that can mechanically induce multiple rotations on each cycle. "The Rotating Device will be utilized on BP wells to remove Coil Tubing string hang offs," stated Jerry Swinford, President of Coil Tubing Technology. "The use of the mechanically operated Rotating Tool eliminates the need for fluid to be brought onto the well location, which eliminates the cost and disposal of fluid contaminants."
BP has appointed Cudd Coil Tubing and STI Inc. (a well service company) to operate the CTT Inc. Rotating Tools on their wells in the Rocky Mountain region. It is estimated BP will work over 350 wells in the Rocky Mountain and Mid Continent divisions, utilizing the Rotating Tool, over the next year. BP has also partnered with Thru Tubing Solutions, a subsidiary of CUDD, in Eastern Oklahoma, to deploy the Rotating Tool.
The CTT Rotating Tool is expected to rapidly gain acceptance among other major oil companies as a result of a renewed emphasis placed on well workover to increase energy production while minimizing cost.
Coil Tubing Technology, Inc. (CTT) has specialized in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing application: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling. CTT was founded in 1998 by Jerry Swinford, an oilfield tool designer with more than 15 patents granted or pending and more that 25 years experience in the creation of oilfield tools.
IDWD.pk to Issue Special Dividend to IDS Common Stockholders
(stockpeeker caveat: I own this one, and the "special dividend" has been discussed for awhile.
__________________________________________________________
ORLANDO, FL--(MARKET WIRE)--Jan 19, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) yesterday announced that the company is splitting into three separate corporate entities, with IDS Worldwide, Inc. remaining as the parent holding company.
IDS Worldwide, Inc. is making this corporate restructuring as the HLS Division is the only division involved in the previously announced sale. The HLS Division is being sold as previously reported by IDS and after the completion of the sale the acquiring public company is changing their corporate name to HLS Worldwide Security, Inc.
IDS Worldwide, Inc. will be the majority shareholder of this OTCBB traded company but HLS Worldwide Security, Inc. will be run by its own Officers and Board of Directors. Furthermore, upon completion of the sale all holders of IDS Worldwide, Inc. common stock will receive a Special Dividend Payment valued between $.87 and $1.01. IDS believes that the value of the dividend, because of recent rapid growth and new products being release in the 1st quarter of 2006, will exceed the value previously released by IDS Worldwide, Inc.
IDS felt that this divesture of the HLS Division, while allowing IDS to remain the majority shareholder will accomplish two things to increase the shareholder value for IDS common stockholders. First, by allowing the HLS Division to track separately on the OTCBB at higher PE levels will increase the value of the dividend paid to IDS common stockholders with no dilution and establishing this Division's identity as a Homeland Defense and Biometric Security Stock. These areas are some of the fastest growth segments in the market at this time. Secondly, it will allow the HLS Division easier access to capital as a reporting company.
IDS believes that these significant factors were sufficient reason to go forward with this transaction. IDS understands that delays in completing this transaction have caused frustration and concern for some shareholders. IDS however stand firmly that when completed this transaction significantly rewards the long term shareholders of IDS common stock.
from Briefing.com...
14:22 RNWK RealNetworks: hearing that FindProfit is buying RNWK (8.31 +0.19)
13:27 MSPD Mindspeed: hearing chatter of TXN-for-MSPD; hearing that it's loud (2.91 +0.17)
MOVI moved higher today on strong volume. Briefing.com mentioned it just 10 mins before it headed to 5.97/sh. Currently around 5.85...
Anybody here know any more about MOVI prospects for a successful turnaround? It is waaaay off its highs, and obviously it has big challenges ahead as it competes against Blockbuster and the movie download services.
Any thoughts will be appreciated.... Meanwhile, I'm trying to start a stake at 5.60/share today... unless someone tells me something to warn me off.
IVAN: take your money and run before they do.
_________________________________________________
from Briefing.com:
IVAN Market chatter: IVAN supposedly planning a secondary offering (3.11 +0.23)
Stock is up well over 2x since our Garbage Watch comment on Jan. 3, when it traded at $1.22.
SoapBox: Feedback
"Be careful of IVAN. Cramer was very negative last night. They have disappionted in the past!"... "Watching ENER for a gap reversal this morning. seems overextended and if it reverses good drop $1 or $2 off easily"
14:35 IVAN Ivanhoe Energy approaching highs of day; co has a conference call tonight (2.95 +0.57) -Update-
Co is holding a call at 4 ET to to discuss its Heavy-to-Light Oil process... See our profile on the name from this morning at 09:00
Newtek Business Services Signs Exclusive Agreement with National Physicians Care, Inc.
1/18/2006 1:45:48 PM
NEW YORK, Jan 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Newtek Business Services, Inc. (NKBS) (http://www.newtekbusinessservices.com), a provider of business services and financial products, today announced it and its operating companies have signed an exclusive agreement to provide an entire line of business and financial services to the cooperating members of National Physician Care, Inc. (http://www.nationalphysiciancare.com/newsite/) (NPC), an association of approximately 2,200 practices and 5,000 physicians.
Barry Sloane, CEO of Newtek Business Services, Inc., stated "National Physician Care represents an extremely important segment in the small business market. We welcome the opportunity to provide our comprehensive suite of financial product and business services to the approximately 5,000 participating doctors and practices across the country. By adding Newtek's suite of services to an existing array of services, NPC is a perfect fit for our business model. Our ability to receive and process, quickly and efficiently, applications for our services such as small business loans, credit card processing, business and personal insurance and data storage, using our state of the art proprietary software and systems makes this alliance a major win-win arrangement for both Newtek and the members of NPC."
Richard L. Miles, President of NPC said, "Newtek's commitment to customer service excellence, their unique referral and tracking system and their tailored financial services for small businesses are a great fit to serve our independent physicians and small group practices."
TRGL Toreador Royalty: Morgan Keegan names also TRGL as Select List Idea for 2006 (26.58 +0.31)
AIS Antares Pharma: hearing Changewave out positive on AIS too (1.44 +0.06)
ALTI, which was up big yesterday, has suddenly come back to life in the last 30 minutes. This alt. energy play just had their new battery approved so it is likely go gain some market share in the battery-based hybrid car market.
12:22 EPEX Edge Petroleum started with a Buy and $34 tgt at Sterne Agee (28.05 -1.13) -Technical-
GFCI not making shareholders happy today. Down >10% right now
VPHM mentioned by briefing.com as having increased options activity
11:24 Early Options Action
Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement. Stocks seeing volatility buying: FFIV Jan and Feb 60 calls are seeing buying ahead of tomorrow night's earnings release. FFIV Jan 60 call implied volatility is up 18 around points to ~121%, on 1850 contracts. LIFC Jan 20 puts are seeing interest with the stock down 9.4%, perhaps protecting against further near-term weakness. FAST Jan 40 put implied volatility is up around 12 points to ~62% on 1320 contracts; earnings are expected sometime soon, possibly this week. VPHM Feb volatility is bid up on volume, with the Feb 17.50 puts seeing the most volume, and the Feb 20 & 22.50 calls seeing interest on more moderate volume... Stocks seeing volatility selling: INTC, IBM and YHOO Jan volatility is coming down on volume following the companies's earnings reports. General Info: This week is Jan expiration week.
MMRK is very thinly traded... so could easily correct back down in a week's time. They are not delivering to the new customer at a very high rate, so minimal improvement will flow thru to earnings.
Trying to add to TGA and VPHM and CFK this morning.
XWG not acting well here, so maybe they have problems we don't know about.
Feedback appreciated...
Japan stopped trading for only about 20 min due to SYSTEM issues with large order volume, nothing more.
OT: I wonder if SVA might be able to cure this disease:
The Center for Disease Control has issued a warning about a new virulent strain of Sexually Transmitted Disease. The disease is contracted through dangerous and high-risk behavior.
The disease is called Gonorrhea Lectim and pronounced "gonna re-elect him." Many victims contracted it in 2004, after having been screwed for the past four years, and not being aware of it.
Cognitive characteristics of individuals infected include:
-- anti-social personality disorders,
-- delusions of grandeur with messianic overtones,
-- extreme cognitive dissonance,
-- inability to accept responsibility for own actions,
-- cowardice masked by misplaced bravado,
-- uncontrolled facial smirking,
-- ignorance of geography and history,
-- tendencies towards evangelical theocracy,
-- avoidance of any technical facts or details of any sort,
-- categorical all-or-nothing behavior.
Naturalists and epidemiologists are amazing at how this destructive disease originated only a few years ago from a bush found in Texas.
Can you point me to a copy of board rules? Particularly, are there rules about sharing private messages with others? I received a malicious private message and am considering how I should respond on one of the public boards or just report the abusive message.
All is not dandy in Canadian Juniors these last few days. The natgas trend continues downward as mother nature has cursed our longs with mild weather. Pray for snow and sleet in Kansas, and don't forget to convey your Pick6 to Lentinman before market close today.
OK, that would be CGHI.ob, it just smells pink on the inside (like, uh, in your elevator).
CGHI.pk up 47% to .119/sh on over 4 million sh volume
Yield, I've been paying too much for health insurance for the last year myself. You should consider high deductible insurance with good "catastrophic coverage". If in good health, you may be better off with a Health Savings Account and paying for most trips to the doctor out of pocket (high deductible). I'm currently looking into a Health Savings Account Plan offered by Assurant Group (part of a larger ins co) to replace my existing BCBS.
KSUAVE, just wanted to get back with you and say I really enjoyed the article by the Nobel Laureate.
http://books.guardian.co.uk/news/articles/0,,1661516,00.html
Also ran across this in another posting today.
Abraham Lincoln said, “Allow the president to invade a neighboring nation, whenever he shall deem it necessary to repel an invasion, and you allow him to do so whenever he may choose to say he deems it necessary for such a purpose—and you allow him to make war at pleasure.”
Was Abe thinking about "W" when he said that? Is Iran next?
GFCI was probably buying back some of their shares, as previously mentioned in PR.
14:33 MMS Shut-In Data
Today's shut-in oil production is 396,786 BOPD. This shut-in oil production is equivalent to 26.45 % of the daily oil production in the GOM, which is currently approximately 1.5 million BOPD. Today's shut-in gas production is 1.805 BCFPD. This shut-in gas production is equivalent to 18.05% of the daily gas production in the GOM, which is currently approximately 10 BCFPD. The cumulative shut-in oil production for the period 8/26/05-1/11/06 is 114,042,425 bbls, which is equivalent to 20.83% of the yearly production of oil in the GOM (approximately 547.5 million barrels). The cumulative shut-in gas production 8/26/05-1/11/06 is 585.308 BCF, which is equivalent to 16.036 % of the yearly production of gas in the GOM (approximately 3.65 TCF).
ERS approaching 12 level where CFO Sandra Kahn sold shares last August. FYI only for ERS longs... might wanna reduce here...
Don't get overconfident on the Long side of the market, friends.
Below is an excerpt from Briefing.com "Swing Trader" page:
"Looking at the SPY, we have price action closing 2 days above its upper Bollinger Band and the RSI-5 in overbought territory. All this suggests is that the market is likely to stall out on a move into higher ground unless it first stages a few days of corrective/consolidating action. Note it wasn't long after the market ran to new highs on Monday that it was followed by an aggressive drop back down below the mid-point of the day's range. The late-day rally during the last hour seemed like a pathetic attempt to keep the Dow above the 11,000 level into the close."
Rogue, while many of your posts are very pertinent to the O&G and Gold and currency sensitive traders here, you may find your postings less "controversial" by simply listing the link to the article rather than the full article. Just a suggestion. IMHO, the issues you post regarding what China does with its US debt paper (bonds) and gold and currency do directly impact our way of life already and will continue to have a growing impact on us in future. But .... many of the VMC readers (head in the sanders) just prefer not to be reminded of the fact or just don't wish to have those issues presented so controversially here.
Regards,
stockpeeker
ERI margins should rise in '06 vs. '05:
EMRISE'S Subsidiary, CXR Larus, Releases Initial Production Orders for the New StarClock(TM) 200 Timing Products to Hitachi Oklahoma Manufacturing Division (OMD)
Tuesday January 10, 8:45 am ET
RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Jan. 10, 2006--EMRISE CORPORATION (PCX:ERI - News), a multi-national manufacturer of defense and aerospace electronic components and communication equipment, today announced that its subsidiary, CXR Larus Corporation, has released the initial pilot and follow-on production orders for its StarClock(TM) 200 line of products to its turnkey contract manufacturer, Hitachi OMD of Norman, Okla. Delivery of these orders in the first quarter will service the requirements of CXR Larus' customers for late first quarter and second quarter. Next in the process of moving all manufacturing to Hitachi will be the release of orders for the new StarSync(TM) synchronization products and CXR Larus' Network Access and Transmission products to Hitachi later in the first quarter. Finally, the CXR Halcyon line of test instruments will be released in the second quarter, bringing all products under Hitachi OMD contract manufacturing. It is expected that all domestic products will be in full production at Hitachi OMD in the third quarter of 2006. Once fully online, the transition from in-house manufacturing to outsourcing to Hitachi is expected to result in improved gross margins from the lower 40 percent level to the mid 50 percent level.
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Larry Taillie, President of CXR Larus Corporation, commented, "We have been working hard to prepare for the far reaching transition from in-house manufacturing to full turnkey outsourcing of CXR Larus products. We believe the thoroughness and professional process that Hitachi has applied to the production transfer will enable a smooth, seamless transition, allowing CXR Larus to service our customers with high quality and lower-cost products. We expect Hitachi to be in full production on all our domestic product lines in the third quarter. The milestone of releasing our initial production orders for our carrier class StarClock(TM) 200 timing product line is the first step in the cost reduction strategy that should allow CXR Larus to improve its margins from the low 40 percent level to the mid 50 percent level in the second half of 2006."
Graham Jefferies, chief operating officer of EMRISE Corporation, commented, "During 2005 the CXR Larus team did an outstanding job in researching, developing, and engaging Hitachi OMD as a truly world-class manufacturer to produce its products. Outsourcing has been a key strategy in our overall telecommunication business plan to improve our margins, better service our customers, improve our quality and provide a new platform to expand our business. Outsourcing to Hitachi will allow us to focus on engineering, marketing and selling our telecommunications products. During 2006, we expect to bring all of our telecommunications products from both CXR Larus in the US and our CXR Anderson Jacobson subsidiary in France under Hitachi manufacturing. Additionally we are considering the possibility of producing some of our commercial power supply products as well at Hitachi."
AAPL booming higher; FORD which makes cases for iPods moving up with it; XWG (VMC that has fallen from grace recently) also makes cases and accessories for iPods, so XWG may also begin to move higher due AAPL momentum ...