Seeking Creative & Innovative Investment Ideas...
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.
ZVTK: strong trend forming in early morning trading.
MGIC ($2.23): Magic Software Announces Distribution of Cash Dividend.
OR-YEHUDA, Israel, Dec 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Magic Software Enterprises Ltd. (Nasdaq: MGIC), a global provider of application platforms and business and process integration solutions, announced today that its board of directors has declared a cash dividend in the amount of US$0.50 per share and in the aggregate amount of approximately US$16.0 million.
The dividend is payable January 25, 2010 to all of the Company's shareholders of record at the close of the NASDAQ Global Market on January 11, 2010. In accordance with Israeli tax law, the Company will deduct 20% withholding tax of the dividend amount payable to each shareholder, subject to applicable exemptions. The Company has not established a dividend policy with respect to future dividend distributions.
The dividend will be paid in US dollars on the ordinary shares of Magic Software Enterprises that are traded on the Tel Aviv Stock Exchange (TASE), and on the ordinary shares of Magic Software Enterprises that are traded on the NASDAQ Global Market.
MGIC ($2.23): Magic Software Announces Distribution of Cash Dividend.
OR-YEHUDA, Israel, Dec 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Magic Software Enterprises Ltd. (Nasdaq: MGIC), a global provider of application platforms and business and process integration solutions, announced today that its board of directors has declared a cash dividend in the amount of US$0.50 per share and in the aggregate amount of approximately US$16.0 million.
The dividend is payable January 25, 2010 to all of the Company's shareholders of record at the close of the NASDAQ Global Market on January 11, 2010. In accordance with Israeli tax law, the Company will deduct 20% withholding tax of the dividend amount payable to each shareholder, subject to applicable exemptions. The Company has not established a dividend policy with respect to future dividend distributions.
The dividend will be paid in US dollars on the ordinary shares of Magic Software Enterprises that are traded on the Tel Aviv Stock Exchange (TASE), and on the ordinary shares of Magic Software Enterprises that are traded on the NASDAQ Global Market.
ZVTK: Technical Analysis Video [12.29.09]
After an incredible rally over the prior few sessions, the price demanded a break, as the market retraced. My thoughts and analysis, in video format, follow.
Link to video: http://timelesswealth.net/ta/zvtk3.html
ZVTK: Technical Analysis Video [12.29.09]
After an incredible rally over the prior few sessions, the price demanded a break, as the market retraced. My thoughts and analysis, in video format, follow.
Link to video: http://timelesswealth.net/ta/zvtk3.html
diamonddavedc, good to hear from you. I'll certainly take a glance at your AMHD. Nice call on SKGO.
Strong performance is always a great attribute to hear. All the best.
CHWY: Uplisted to Nasdaq under the symbol CWS. News From Last Evening:
WUXI, China, Dec. 28 /PRNewswire-Asia-FirstCall/ -- China Wind Systems, Inc. (OTC Bulletin Board: CHWY) ("China Wind Systems" or the "Company"), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, today announced that the Company has received approval to list its common stock on The NASDAQ Stock Market.
China Wind Systems expects to begin trading on The NASDAQ Global Market under the new stock symbol "CWS" on Tuesday, December 29, 2009, until which time its shares will continue to trade on the Over-The-Counter Bulletin Board.
"We are honored to be approved to list on The NASDAQ Global Market, one of the world's most prestigious stock markets," said Mr. Jianhua Wu, Chairman and CEO of China Wind Systems, Inc. "We believe this upgrade to be a clear reflection of our commitment to optimizing our corporate governance and shareholder value. As a result, we anticipate that our Company will attain higher visibility and interest from the investor and media communities."
About China Wind Systems, Inc.
China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China. With its newly finished state-of-the-art production facility, the Company is expected soon to significantly increase its shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries. For more information on the Company, visit http://www.chinawindsystems.com . Information on the Company's Web site or any other Web site does not constitute a portion of this release.
ZVTK: back above the crucial $0.01 mark.
ZVTK: bounce play(-40%)?
Gapped up nicely in the AM.
ZVTK: testing $0.014 support, attempting to recover nearer $0.0155 open.
Indeed, augusta.
Congratulations to you on the trade, swampboots.
BLSW ($1.25): Bridgeline Reports Record Sales, Record Profits, and Record Cash Generation From Operations for Fiscal Year 2009.
Software Subscription and Perpetual License Revenue Grows 63%
WOBURN, Mass., Dec 28, 2009 (GlobeNewswire via COMTEX) -- Bridgeline Software, Inc. (Nasdaq:BLSW), a developer of SaaS-based web application management software and award-winning interactive technology solutions, today announced financial results for its 2009 fiscal year ended September 30, 2009.
Highlights from the 2009 fiscal year include:
* Record revenue of $23.9 million for fiscal 2009, a 12% increase over revenue of $21.3 million for fiscal 2008. Revenue from software subscription and perpetual licenses grew 63%.
* Bridgeline has 676 customers, of which 504 or 75% of these customers paid a monthly subscription fee or a monthly managed service fee. This is an increase of 96 customers, or 24%, that pay a monthly fee from one year ago.
* Bridgeline has sold over 100 iAPPS licenses. Companies such as Honeywell, Sun Chemical, Blue Cross Blue Shield, JohnsonDiversey,
Mayfran International, William T. Grant Foundation, American Academy of Pediatrics, Kettering Foundation, Tennant, Marsh, Berkshire Life and Berkshire Bank selected iAPPS for their critical web content management or web analytic needs in fiscal 2009.
* Bridgeline received over 10 industry-related awards in fiscal 2009, and BtoB Magazine named Bridgeline as one of the top interactive technology companies in America.
* Record gross profit of $13.4 million in fiscal 2009, a 22% increase over gross profit in fiscal 2008.
* Record Non-GAAP net income of $1.8 million and Non-GAAP diluted
earnings per share of $.16 in fiscal 2009.
* Record income from operations of $829 thousand, net income of
$758 thousand and diluted income per share of $.07 in fiscal 2009.
* Record EBITDA (Earnings before interest, taxes, depreciation and amortization) and before stock compensation of $2.9 million and EBITDA per diluted share of $.25 in fiscal 2009.
* Record cash generated from operations of $3 million in fiscal 2009.
* A year-end balance sheet with total assets of $24.3 million and only $4.4 million in total liabilities.
"In today's challenging economic environment, we believe the cost efficiencies and productivity gains offered by Bridgeline become even more relevant for both current and future customers," stated Thomas Massie, Chairman and Chief Executive Officer of Bridgeline. "Our web-based software combined with interactive technology solutions provide customers with enhanced sales opportunities, reduced administrative costs, and improved operational efficiencies." Massie continued, "We are committed to building our recurring revenue business through the ongoing sales and development of our flagship product iAPPS. We are very pleased with our record financial results in fiscal 2009."
Recurring Revenue Trends.
Of Bridgeline's 676 customers as of September 30, 2009, 504 or 75% paid either a monthly subscription license fee or a managed service fee. Bridgeline's customer retention rate during the fiscal year ended September 30, 2009 was 82%.
FY 09 FY 08
-----------------------
Annual Recurring Revenue $3,115,000 $2,582,000
Year over Year Growth % 21%
Retention Rate 82%
Results of Operations for the fiscal year ended September 30, 2009.
For the year ended September 30, 2009 we achieved record revenue, record gross profit, record operating income and record net income. Revenue was $23.9 million compared with $21.3 million for the same period of 2008, a 12% increase. Year over year revenue from software subscription and perpetual licenses grew 63%. Gross profit was $13.4 million in fiscal 2009 compared with $11 million for the same period of 2008, representing a 22% year over year increase. Income from operations was $829 thousand compared with a loss from operations of ($10.3) million for the same period of 2008. Fiscal 2008 included non-cash impairment charges for intangible assets and goodwill of $9.8 million. As a percentage of total sales, operating expense declined to 52% in fiscal 2009 compared with 54% in fiscal 2008 (excluding impairment charges in fiscal 2008). Net income increased to $758 thousand in fiscal 2009 from a loss of ($10.3) million in fiscal 2008, or by $11.1 million. Diluted earnings per share was $.07 compared with a diluted loss per share of ($1.09) for the same period of 2008. Non-GAAP net income was $1.8 million and non-GAAP diluted earnings per share was $.16 in fiscal 2009.
BLSW ($1.25): Bridgeline Reports Record Sales, Record Profits, and Record Cash Generation From Operations for Fiscal Year 2009.
Software Subscription and Perpetual License Revenue Grows 63%
WOBURN, Mass., Dec 28, 2009 (GlobeNewswire via COMTEX) -- Bridgeline Software, Inc. (Nasdaq:BLSW), a developer of SaaS-based web application management software and award-winning interactive technology solutions, today announced financial results for its 2009 fiscal year ended September 30, 2009.
Highlights from the 2009 fiscal year include:
* Record revenue of $23.9 million for fiscal 2009, a 12% increase over revenue of $21.3 million for fiscal 2008. Revenue from software subscription and perpetual licenses grew 63%.
* Bridgeline has 676 customers, of which 504 or 75% of these customers paid a monthly subscription fee or a monthly managed service fee. This is an increase of 96 customers, or 24%, that pay a monthly fee from one year ago.
* Bridgeline has sold over 100 iAPPS licenses. Companies such as Honeywell, Sun Chemical, Blue Cross Blue Shield, JohnsonDiversey,
Mayfran International, William T. Grant Foundation, American Academy of Pediatrics, Kettering Foundation, Tennant, Marsh, Berkshire Life and Berkshire Bank selected iAPPS for their critical web content management or web analytic needs in fiscal 2009.
* Bridgeline received over 10 industry-related awards in fiscal 2009, and BtoB Magazine named Bridgeline as one of the top interactive technology companies in America.
* Record gross profit of $13.4 million in fiscal 2009, a 22% increase over gross profit in fiscal 2008.
* Record Non-GAAP net income of $1.8 million and Non-GAAP diluted
earnings per share of $.16 in fiscal 2009.
* Record income from operations of $829 thousand, net income of
$758 thousand and diluted income per share of $.07 in fiscal 2009.
* Record EBITDA (Earnings before interest, taxes, depreciation and amortization) and before stock compensation of $2.9 million and EBITDA per diluted share of $.25 in fiscal 2009.
* Record cash generated from operations of $3 million in fiscal 2009.
* A year-end balance sheet with total assets of $24.3 million and only $4.4 million in total liabilities.
"In today's challenging economic environment, we believe the cost efficiencies and productivity gains offered by Bridgeline become even more relevant for both current and future customers," stated Thomas Massie, Chairman and Chief Executive Officer of Bridgeline. "Our web-based software combined with interactive technology solutions provide customers with enhanced sales opportunities, reduced administrative costs, and improved operational efficiencies." Massie continued, "We are committed to building our recurring revenue business through the ongoing sales and development of our flagship product iAPPS. We are very pleased with our record financial results in fiscal 2009."
Recurring Revenue Trends.
Of Bridgeline's 676 customers as of September 30, 2009, 504 or 75% paid either a monthly subscription license fee or a managed service fee. Bridgeline's customer retention rate during the fiscal year ended September 30, 2009 was 82%.
FY 09 FY 08
-----------------------
Annual Recurring Revenue $3,115,000 $2,582,000
Year over Year Growth % 21%
Retention Rate 82%
Results of Operations for the fiscal year ended September 30, 2009.
For the year ended September 30, 2009 we achieved record revenue, record gross profit, record operating income and record net income. Revenue was $23.9 million compared with $21.3 million for the same period of 2008, a 12% increase. Year over year revenue from software subscription and perpetual licenses grew 63%. Gross profit was $13.4 million in fiscal 2009 compared with $11 million for the same period of 2008, representing a 22% year over year increase. Income from operations was $829 thousand compared with a loss from operations of ($10.3) million for the same period of 2008. Fiscal 2008 included non-cash impairment charges for intangible assets and goodwill of $9.8 million. As a percentage of total sales, operating expense declined to 52% in fiscal 2009 compared with 54% in fiscal 2008 (excluding impairment charges in fiscal 2008). Net income increased to $758 thousand in fiscal 2009 from a loss of ($10.3) million in fiscal 2008, or by $11.1 million. Diluted earnings per share was $.07 compared with a diluted loss per share of ($1.09) for the same period of 2008. Non-GAAP net income was $1.8 million and non-GAAP diluted earnings per share was $.16 in fiscal 2009.
CKSW ($6.93): ClickSoftware Expects to Exceed the High End of its Guidance With Record Revenues for the Fourth Quarter of 2009.
--Also Expects Strong Bookings.
BURLINGTON, Massachusetts, December 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of workforce management and service optimization solutions, today announced that it expects record revenues at the fourth quarter of 2009 of about $17 million, exceeding its previous guidance of an approximate range of $16.0 to $16.7 million. These anticipated quarterly revenues will lead to annual revenues of about $61 million in fiscal year 2009, compared to annual revenues of $52.3 million in fiscal year 2008.
"With excellent performance in the fourth quarter, we are approaching the end of 2009 with solid financial results giving us another year of significant revenues growth," says Dr. Moshe BenBassat, ClickSoftware's Chairman and CEO. "Strong bookings in the fourth quarter will contribute to the existing backlog and deferred revenues, providing us with high visibility into 2010. Our sales pipeline also keeps growing, and we believe that the level with which we start 2010 will generate strong growth in 2010."
The above assessment for the fourth quarter of 2009 is based on the Company's initial analysis and is subject to change as additional financial information becomes available. ClickSoftware expects to report its final financial results for the fourth quarter and fiscal year 2009 in early February 2010. A news release announcing the exact date, and dial-in and webcasting details for the conference call, will be issued in advance.
About ClickSoftware
ClickSoftware is the leading provider of workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision-making, incorporating scheduling, mobility and location based services, ClickSoftware helps service organizations get the most out of their resources. With over 150 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The Company is headquartered in Burlington, MA and Israel, with offices in Europe, and Asia Pacific.
For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com.
CKSW ($6.93): ClickSoftware Expects to Exceed the High End of its Guidance With Record Revenues for the Fourth Quarter of 2009.
--Also Expects Strong Bookings.
BURLINGTON, Massachusetts, December 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of workforce management and service optimization solutions, today announced that it expects record revenues at the fourth quarter of 2009 of about $17 million, exceeding its previous guidance of an approximate range of $16.0 to $16.7 million. These anticipated quarterly revenues will lead to annual revenues of about $61 million in fiscal year 2009, compared to annual revenues of $52.3 million in fiscal year 2008.
"With excellent performance in the fourth quarter, we are approaching the end of 2009 with solid financial results giving us another year of significant revenues growth," says Dr. Moshe BenBassat, ClickSoftware's Chairman and CEO. "Strong bookings in the fourth quarter will contribute to the existing backlog and deferred revenues, providing us with high visibility into 2010. Our sales pipeline also keeps growing, and we believe that the level with which we start 2010 will generate strong growth in 2010."
The above assessment for the fourth quarter of 2009 is based on the Company's initial analysis and is subject to change as additional financial information becomes available. ClickSoftware expects to report its final financial results for the fourth quarter and fiscal year 2009 in early February 2010. A news release announcing the exact date, and dial-in and webcasting details for the conference call, will be issued in advance.
About ClickSoftware
ClickSoftware is the leading provider of workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision-making, incorporating scheduling, mobility and location based services, ClickSoftware helps service organizations get the most out of their resources. With over 150 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The Company is headquartered in Burlington, MA and Israel, with offices in Europe, and Asia Pacific.
For more information about ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or visit http://www.clicksoftware.com.
ZVTK: Technical Analysis Video [12.28.09]
Shares of Zevotek, Inc. rallied 47% coming off of Monday’s trading session, leaving critics who firmly believe “what goes up, must come down” stupefied. In an effort to understand the price movement, supporting & resisting levels and longer term chart patterns, I offer you my thoughts and analysis, in video format.
Link to video: http://timelesswealth.net/ta/zvtk2.html
ZVTK: Technical Analysis Video [12.28.09]
Shares of Zevotek, Inc. rallied 47% coming off of Monday’s trading session, leaving critics who firmly believe “what goes up, must come down” stupefied. In an effort to understand the price movement, supporting & resisting levels and longer term chart patterns, I offer you my thoughts and analysis, in video format.
Link to video: http://timelesswealth.net/ta/zvtk2.html
ZVTK: Technical Analysis Video [12.28.09]
Shares of Zevotek, Inc. rallied 47% coming off of Monday’s trading session, leaving critics who firmly believe “what goes up, must come down” stupefied. In an effort to understand the price movement, supporting & resisting levels and longer term chart patterns, I offer you my thoughts and analysis, in video format.
Link to video: http://timelesswealth.net/ta/zvtk2.html
If the liquidity is sustained, there will be plenty opportunity, imho. Strong volume this session (approx. 1.5X 5-day avg.)
ZVTK: nhod ($0.0145).
halbroke, thank you for the tip. I will glance momentarily.
Good Afternoon and Merry Holidays to you, momentum858. Excellent resource you've established here. There can never be enough educational material, and to that matter, educational threads. Best of luck with this project.
When a security is uplisted to the OTCBB, the company gains transparency. Most companies report their financial activities on a quarterly basis, and any major events or changes are always officially reported through one or more filings.
It is in an investor's best interest to carefully review financial statements, especially 'notes' that precede and follow the balance sheets in a quarterly and/or annual report.
I'd like to extend only the best thoughts & wishes to all members of our ihub community during this holiday season and into 2010. All the best.
~Edward Stevenson.
I'd like to extend only the best thoughts & wishes to all members of our ihub community during this holiday season and into 2010. All the best.
~Edward Stevenson.
Thank you for the kind comment. I'd like to extend only the best thoughts & wishes to all members of our ihub community during this holiday season and into 2010. All the best.
~Edward Stevenson.
Thank you. Indeed it will be interesting to see where things go from here...
RMBS: Technical Analysis Video [12.23.09]
One of the most fascinating trending technical plays in the equity market, Rambus, Inc. has progressed to testing multi-year resistance dating back to 2008 and 2005, respectfully. My thoughts and analysis, in video format, follows.
Link to video: http://timelesswealth.net/ta/rmbs3.html
RMBS: Technical Analysis Video [12.23.09]
One of the most fascinating trending technical plays in the equity market, Rambus, Inc. has progressed to testing multi-year resistance dating back to 2008 and 2005, respectfully. My thoughts and analysis, in video format, follows.
Link to video: http://timelesswealth.net/ta/rmbs3.html
ZVTK: Technical Analysis Video [12.23.09]
Due to popular demand among members at TimelessWealth.net, the chart on Zevotek, Inc. (ZVTK) has been updated to reflect several key events that occurred during Wednesday's trading session. Analysis, in video format, follows.
Link to video: http://timelesswealth.net/ta/zvtk1.html
ZVTK: Technical Analysis Video [12.23.09]
Due to popular demand among members at TimelessWealth.net, the chart on Zevotek, Inc. (ZVTK) has been updated to reflect several key events that occurred during Wednesday's trading session. Analysis, in video format, follows.
Link to video: http://timelesswealth.net/ta/zvtk1.html
In reply to, "Are you still holding your shares Edward?", the answer is yes, I am. I believe I made it clear that until something of material were to arise in regards to Wireless Age Communications, Inc., I would refrain from commenting on this thread. You may rest assured that I am hoping for the best in regards to this company & it's shareholders.
Often, with these types of market(s) I tend to follow two main principles: (1) support & resistance, & (2) volume or liquidity. With that being said, regardless of how the price moves I have a game plan ready.
For instance based on support & resistance I determine entries & exits, level(s) to add to an existing position & levels to take some off the table. Volume is typically the lifeline of these types of market(s) - when and if the volume begins to decline substantially, I ask myself whether or not the risk of not being able to liquidate is worth the potential reward.
Hope this answers you question to a degree.
ZVTK: Technical Analysis Video [12.22.09]
Zevotek’s market continues to exhibit strength as the price per share appreciates on ‘breakout’ volume, indicating a bullish correlation between price and volume, and the potential for further movement. Analysis, in video format, follows.
Link to video: http://timelesswealth.net/ta/zvtk.html
ZVTK: Technical Analysis Video [12.22.09]
Zevotek’s market continues to exhibit strength as the price per share appreciates on ‘breakout’ volume, indicating a bullish correlation between price and volume, and the potential for further movement. Analysis, in video format, follows.
Link to video: http://timelesswealth.net/ta/zvtk.html