I usually have a lot to say. I just know when to keep it to myself.
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Share Structure/ Chart:
A/S=5 billion
O/S=921 million: 617 million escrowed (Refer to 10Q filings)
Float= 305 million as of May 23, 2007
3 month chart (one year below this chart)
One year Chart
FCCN: This week was the first time I really took a look at FCCN, so forgive me if I have some questions tonight. For other newcomers, I retrieved the following info from the FCCN ibox at ihub:
Franchise Capital Corporation is a holding company traded under the stock symbol FCCN. The Company is currently compliant with listing requirements for the Over-the-Counter Bulletin Board, Nasdaq Small Cap, American Stock Exchange and other U.S. national markets. Franchise Capital Corporation Announced a Definitive Agreement With Aero Exhaust, a World Leader in Automotive Exhaust Technology and NASCAR Performance Partner.
Website::: http://www.franchisecapitalcorp.net
Monthly Investor Newsletter: http://www.franchisecapitalcorp.net/upload/FCCN_Newsletter_January2007_5-.pdf
Recent Filings: http://finance.yahoo.com/q/sec?s=fccn.pk
Franchise Capital Corporation News::: http://www.otcbb.com/asp/quote_module.asp?qm_page=62897&symbol=FCCN
SEC Filings::: http://www.otcbb.com/asp/quote_module.asp?qm_page=48244&symbol=FCCN
Aero Exhaust and NASCAR summary::: http://www.morgan-mcclure.com/download/2006%20Media%20Guide%20lo-res.pdf
http://morgan-mcclure.com/home.html#
Aero Exhaust website::: http://www.aeroexhaust.com
Aero Exhaust NASCAR advertising images::: http://www.aeroexhaust.com/racing.html
Jimmenknee, that is an excellent question.
I'd be curious enough to chart out some comparable companies in a time frame similar to this prior
to the past presidential elections for
a possible answer. IMHO, the markets reflect
the insecurities of any new candidates
and politics. Many other sectors are cyclical, and we know
to watch gold/oil and interest rates when judging the future
of the financial stocks. Just a thought......(see below)...
In 1937, Franklin D. Roosevelt's first year, the market was down by 27.3%. The Truman and Eisenhower eras also started off with a down year in the stock market. The start of more recent presidencies, however, did not show the same pattern. In George H.W. Bush's first year, the market was up 25.2%, and the start of both of Bill Clinton's terms showed strong market performance - up by 19.9% and 35.9%.
TBSI! Wow, a 13+% gainer on a 35 dollar stock.
Looking great, TBSI!
TGEN is even up afterhours. (1.82) Hot dang, link back to
their news this morning. Lookie at all the volume that
poured in on it today:
UPDA.OB (link back for morning press) overall had a great day.
Opened on gap at .044, hit .049, and closed at .046
Decent volume. Wonder if she'll go into tomorrow again....
Hey Smokey Dokey. Got stock?
I took an hour of silence.
2 more weeks.........2 more weeks...........
I'll be sure to wear my ipod. Thanks for the warning, lol.
count me in
UPSIDE MOVERS
(+)LSI rises on news it's selling its mobility products unit to IFX for $450 million in cash and is board set an up to $500 million share buyback.
(+)GGBM gains on a contract in the Czech Republic.
DOWNSIDE MOVERS
(-)COF falls after it says tonight it is closing its residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage, effective immediately. It will take a charge that will reduce EPS by $2.15, most of which will be taken this year, it says. One thousand nine hundred jobs will be cut.
(-)LEND drops after Lone Star responds to LEND's complaint and files a counter suit.
(-)OPLK is sliding after missing Q4 EPS estimates and forecasting Q1 EPS to miss, too.
(-)KONG drops on weaker-than-expected Q2 results and forecasts for Q3 sales below Street views.
LEND Cuts Deal to Transfer $1B in Loans
Tuesday August 21, 8:51 am ET
By Dan Seymour, AP Business Writer
Accredited Home Lenders Trades $1 Billion in Loans for Right to Buy Them at Premium
SAN DIEGO (AP) -- Accredited Home Lenders Holding Co. said Tuesday it will trade $1 billion in home loans to an investor in exchange for the right to buy those loans back later this year at a premium.
ADVERTISEMENT
The complex deal essentially protects the struggling lender from loans losing value while offering the chance to turn a profit if the turbulent mortgage market improves.
An unnamed investor is lending $1 billion to home buyers using Accredited Home Lenders as intermediary. Accredited Home Lenders, which until this year typically took a cut for issuing loans for other financiers, will not book a profit on this deal. In fact, Fox-Pitt Kelton analyst Matthew Howlett said it is likely selling these loans at a loss.
More than 50 lenders have gone bankrupt this year because the deteriorating value of their assets led financial backers to demand money back.
Accredited said this deal will neither produce nor drain much liquidity. If the markets remain in tumult because of decaying credit quality, the unnamed investor will keep the debt.
If the market "improves to a rational level" by the middle of November, Accredited can buy the debt back at a higher price. Chief Executive James A. Konrath said if conditions improve, the company plans to buy the loans and either sell them or package them into bonds.
Shares of Accredited Home Lenders gained 72 cents, or 11.2 percent, to $7.16 in premarket trading Tuesday. The shares closed Monday at $6.44, down 76.5 percent for the year.
http://biz.yahoo.com/ap/070821/accredited_home_lenders_deal.html?.v=1
bil dollar buy i think on their loans........hold on
The cost to fill my tank is no longer in my range, lol.
It's all relative I suppose. We'll have to see how the reviews
stack once the celebs and VIPs drive them for a year.
ZHNP: 9.20 Zhongpin Awarded $1.2 Million Grant from Chinese Central Government
Tuesday August 21, 8:30 am ET
19.24 mil shrs
CHANGGE CITY, China, Aug. 21 /Xinhua-PRNewswire-FirstCall/ -- Zhongpin Inc. (OTC Bulletin Board: ZHNP - News; "Zhongpin"), a leading meat and food processing company in the People's Republic of China ("PRC"), announced today that it will receive a grant for $1.2 million from the Finance Department of the Central Government. The grant will be used for research and development of new products, marketing expenses and new equipment.
Zhongpin plans to use the grant to finance the expansion of a new pollution-free fruits and vegetables processing facility at the Zhongpin Industrial Park in Henan Province. The project has been approved by National Development and Reform Commission (NDRC), the macroeconomic management agency under the State Council of China, and has been listed as one of the national deep-processing agricultural product projects financed by treasury bonds.
Zhongpin expects to launch this project in the first quarter of 2008, and complete the construction at the end of 2008. The new facility is expected to process up to 30,000 metric tons of pollution-free fruits and vegetables annually. Zhongpin expects to receive the grant in the fourth quarter of 2007.
"The Chinese government is actively promoting the production of pollution- free food with low agricultural chemical residue," said by Mr. Xianfu Zhu, CEO of Zhongpin, Inc. "We are honored to receive this grant from the central government, which validates our commitment to producing high quality, nutritious foods. Our new facility will broaden our product lines for fruits and vegetables and enhance our revenue growth."
About Zhongpin
Zhongpin is a meat and food processing company that specializes in pork and pork products and vegetables and fruits, in the PRC. Its distribution network in the PRC spans more than 20 provinces and includes over 2,800 retail outlets. Zhongpin's export markets include the European Union, Eastern Europe, Russia, Hong Kong, Japan, and South Korea. For more information, contact CCG Elite directly or visit Zhongpin's website at http://www.zpfood.com .
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of Zhongpin's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: unanticipated changes in product demand, interruptions in the supply of live pigs/raw pork, downturns in the Chinese economy, delivery delays, freezer facility malfunctions, poor performance of the retail distribution network, changes in applicable regulations, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission.
For more information, please contact:
Crocker Coulson, President
Leslie Richardson, Financial Writer
CCG Elite
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Yuanmei Ma, Chief Financial Officer
Zhongpin Inc.
Tel: +86-010-82861788
--------------------------------------------------------------------------------
Source: Zhongpin Inc.
http://biz.yahoo.com/prnews/070821/cntu011.html?.v=19
TGEN: 1.62 Targeted Genetics Reports Interim Phase II Data From HIV/AIDS Vaccine Clinical Trial
Tuesday August 21, 4:30 am ET
SEATTLE, WA--(MARKET WIRE)--Aug 21, 2007 -- Targeted Genetics Corporation (NasdaqCM:TGEN - News) presented interim data this week from a Phase II trial of tgAAC09 in Africa. The tgAAC09 vaccine candidate utilizes an adeno-associated virus (AAV) vector to deliver genes encoding HIV proteins and is designed to stimulate an immune response against HIV. Consistent with previous clinical experience with tgAAC09, the results reported today demonstrate that in this study the vaccine candidate was safe and well tolerated. Modest immune responses were shown in some recipients who received higher doses of rgAAC09. Targeted Genetics, the International AIDS Vaccine Initiative (IAVI), researchers at Columbus Children's Research Center and Children's Hospital of Philadelphia have collaborated on the development of tgAAC09 and other AAV-based HIV vaccines.
In this double-blind, randomized, placebo-controlled study, 91 healthy HIV-negative volunteers at five clinical sites in Africa have received two intra-muscular injections of placebo or tgAAC09 at 3 different dosage levels either six or 12 months apart. The reported safety data reflect results following the first vaccination and re-vaccination in 91 and 82 volunteers, respectively. To date, the vaccine has been well tolerated, and no severe local or systemic reactions to vaccination have been reported.
Africa has been hardest hit by the HIV/AIDS pandemic. These data reinforce the Company's clinical experience to date with tgAAC09, demonstrating safety and tolerability.
Immunogenic data indicate modest, dose dependent immunogenicity, with responses being directed mostly to gag. Presence of neutralizing titers to AAV2 at baseline does not appear to impact response to vaccination.
Targeted Genetics' future development plans for this program include the evaluation of vaccine candidates containing several additional HIV-1 genes, either alone or in a prime-boost strategy.
About the tgAAC09 Clinical Program
The Phase I clinical trial is a double-blind, placebo-controlled, dose-escalation safety study that also monitors immune responses to HIV antigens. The portion of the study conducted in Europe enrolled 50 volunteers who were in good general health and not infected with HIV. The portion of the trial being conducted in India enrolled 30 healthy HIV-uninfected volunteers. Each volunteer received a single intramuscular injection into the upper arm. A subset of volunteers also received a second dose of the vaccine to determine if repeat dosing is safe, and if it boosts immune responses. The Phase I trial in Germany, Belgium and India was conducted in collaboration with researchers at Columbus Children's Research Institute and The Children's Hospital of Philadelphia.
This current phase II trial of a vaccine based on AAV2 is being conducted in Africa to evaluate the potential impact of a higher dose of tgAAC09 and boost vaccination on the strength and duration of immune responses.
About Targeted Genetics
Targeted Genetics Corporation is a biotechnology company committed to the development of innovative, targeted molecular therapies for the prevention and treatment of acquired and inherited diseases with significant unmet medical need. Targeted Genetics' proprietary Adeno-Associated Virus (AAV) technology platform allows it to deliver genes that encode proteins to increase gene function or RNAi to decrease or silence gene function. Targeted Genetics' product development efforts target inflammatory arthritis, AIDS prophylaxis, congestive heart failure and Huntington's disease. To learn more about Targeted Genetics, visit Targeted Genetics' website at www.targetedgenetics.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements regarding the data to be collected in this trial, the establishment or determination of efficacy endpoints from the data collected in the trial, the timely and complete accrual of patients in the trial and our ability to commercialize tgAAC09 and other statements about our plans, objectives, intentions and expectations. These statements involve current expectations, forecasts of future events and other statements that are not historical facts. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Factors that could affect our actual results include, but are not limited to, our ability to obtain, maintain and protect our intellectual property, our ability to raise capital when needed, our ability to recruit and enroll suitable trial participants, the timing, nature and results of research and clinical trials, potential development of alternative technologies or more effective processes by competitors, and, our ability to obtain and maintain regulatory or institutional approvals, as well as other risk factors described in Item 1A. Risk Factors in our report on Form 10-K for the year ended December 31, 2006 and updated in Item 1A. Risk Factors in our Form 10-Q for the quarter ended June 30, 2007. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. We undertake no duty to publicly announce or report revisions to these statements as new information becomes available that may change our expectations.
Contact:
Investor and Media Contact:
Stacie D. Byars
Director, Communications
Targeted Genetics Corporation
(206) 521-7392
--------------------------------------------------------------------------------
Source: Targeted Genetics
http://biz.yahoo.com/iw/070821/0293010.html
There are orders for electric cars being filled for some VIPS that haven't even test driven them............The founder of Paypal teamed up and produced an electric sports car and Tesla Motors.........just saw a nice news report on the company the other night.........it's catching on......
http://www.teslamotors.com/
G'morning Domer.....Here is your ZAAP chart-
nice AM press:
DKS: 55.58 Dick's Sporting Goods Reports Second Quarter Results:
Tuesday August 21, 7:30 am ET
- EPS Increases 77% over Last Year to $0.83
- Comparable Store Sales Increase 7.2%
- Increases Full Year Guidance
http://biz.yahoo.com/prnews/070821/netu011.html?.v=20
UPDA.OB: .0385 Universal Property Development and Acquisition Corporation Reports Record Financial Results For First Half 2007
Tuesday August 21, 6:29 am ET
JUNO BEACH, Fla.--(BUSINESS WIRE)--Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News; FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1) on Monday announced financial results for its Second Quarter ended June 30, 2007 with the filing of its 10-QSB with the SEC.
Corporate & Financial Highlights on June 30, 2007
Total Assets Increased to $ 17,038,251 from $ 6,296,358, an increase of 270%
Total Revenues for 6 months Increased to $ 8,353,911 from $ 202,631, an increase of 4123%
Total Revenues for 3 months ending June 30, 2007 Increased to 7,046,002 from $ 117,553, an increase of 5994%
Natural gas sales. For the three and six months ended June 30, 2007, natural gas sales revenue was $193,384 and $264,742 compared to $19,446 and $34,477 for the same period during 2006.
Oil sales. For the three and six months ended June 30, 2007, oil sales revenue was $154,566 and $278,292 compared to $98,107 and $168,154 for the same period during 2006.
The increase in revenue from the sale of natural gas and crude oil is related to the continued expansion of UPDA's exploration and production assets, including the acquisition of Heartland Oil and Gas Corp. (OTCBB: HTOG - News; FWB: HOCA).
Condensate sales. For the three and six months ended June 30, 2007, condensate sales revenue was $6,694,036 and $7,806,861 compared to ZERO for both of the same periods during 2006. There were no revenues in the same period of 2006 because initial incubation of this business activity was commenced late in 2006 and was fully undertaken by Continental Fuels, Inc. (OTCBB: CFUL - News), (FWB: CIQB), after this subsidiary was acquired in 2007. The increase in revenue was the result of the first sale of condensate utilizing the storage facility at the International Port of Brownsville that was transferred to Continental Fuels at the time of its acquisition.
"We have reported strong revenues and demonstrated a solid track record for accumulating assets and building revenue. Our total assets are now over $17 million our revenues exceed $8.3 million and we continue to build out as we grow and acquire properties," reported UPDA Vice President Chris McCauley. "These numbers show we are moving in the right direction and that our plan to incubate companies and develop growth through the acquisition and efficient management of underperforming energy assets is succeeding. As these assets mature and their potential continues to be realized, our shareholders will continue to benefit from this success."
About UPDA
Universal Property Development and Acquisition Corporation is focused on identifying oil & gas companies with proven energy reserves and innovative alternative energy companies with proven technologies. Once identified, the viability and potential of the targeted company is subjected to a rigorous multi-step review and investigation.
First, the potential company's financial records, legal standing and geological or technological potential are thoroughly examined by the UPDA Due Diligence Committee. If the candidate passes this test, a recommendation is made to the Acquisition Committee which conducts initial negotiations and presents its conclusions to the CEO and Board of Directors who will secure the acquisition.
Once the acquisition process is complete, the acquired company becomes a subsidiary of UPDA and the incubation process begins. UPDA provides the subsidiary with financial, legal and scientific support in order to develop its assets and perfect its innovations allowing its management to concentrate on its business plan and operational objectives.
Consistent with this business plan, UPDA has recently acquired majority ownership of two additional public companies, Heartland Oil and Gas Corp. www.heartlandoilandgas.com and Continental Fuels, Inc. (OTCBB: CFUL - News; FWB: CIQB) www.continentalfuels.com, and established a private, wholly-owned subsidiary, Aztec Well Services, Inc., thereby expanding its asset base and significantly increasing its sources of potential revenue.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and Acquisition
Corporation
Jack Baker (Investor Relations), 561-630-2977
info@updac.com
--------------------------------------------------------------------------------
Source: Universal Property Development and Acquisition Corporation
http://biz.yahoo.com/bw/070821/20070821005416.html?.v=1
Welcome to the board, In Vino Veritas. Nice choice of boards for your first posts. :)
UPSIDE MOVERS
(+) GGBM gets new order.
(+) FMC sets 2-for-1 stock split.
(+) GM announces MOU with Delphi, steelworkers union at 2 Ohio plants.
DOWNSIDE MOVERS
(-) NFI reverses day-session gain this evening after earlier announcing it's stopped issuing wholesale mortgages, cutting 37% of staff, is still meeting obligations.
(-) EFII gets additional Nasdaq notice for late filing.
(-) OVEN near flat, gets additional Nasdaq notice for late filing due to ongoing options review.
UPSIDE MOVERS
(+) NTAP jumps after topping Q1 estimates, forecasting Q2 in line to above expectations and approving a share buyback program.
(+)AMGN is just firm on plans for a restructuring. AMGN says it will cut 12-14% of its workforce and it is lowering its 2007 EPS outlook.
(+)PETM ekes out a gain after topping Q2 earnings estimates and meeting on sales.
(+)SUNW inches up after it says it will distribute one of its software systems via GOOG.
(+)IMOS edges up after meeting Q2 EPS estimates.
(+)CRM rises on improved Q2 results from a year ago although guidance is mixed.
(+)XXIA gains on a $50 million share buyback plan.
DOWNSIDE MOVERS
(-)CPWR slides after it says it will not take on new debt to buy back shares due to market conditions.
(-)CGNX drops after beating Q2 expectations but guiding for Q3 to miss.
GTW: 1.20 Gateway Expands International Presence With Launch Into China
Thursday August 16, 3:05 am ET
Company Joins Forces with Digital China, Inc. to Offer Premium Line of Award-Winning Gateway Notebook and Desktop PCs, Displays
BEIJING, Aug. 16 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE: GTW - News) continues to expand the availability of its products worldwide with its official launch in China. At an event held here today, the company unveiled new Gateway notebook and desktop PCs, as well as displays for Chinese customers. With its new premium line, Gateway and Digital China are delivering industry-leading quality, performance and service at a superior value to PCs currently available in the market.
Designed for customers who demand a premium brand with a strong track record of innovation and performance, Gateway products can be found at PC malls and retail stores nationwide, including Best Buy's flagship Shanghai store. In China, Gateway® PCs will feature the latest technology, including Intel® Centrino® Duo mobile processor technology, high-end Intel® Core(TM) 2 Duo processors, and Genuine Windows Vista(TM) Home Premium.
"China is home to some of the world's most savvy computer users and we're confident they will recognize the value Gateway brings to this market," said Ed Coleman, Gateway's CEO. "We believe Gateway's strong history of quality and innovation, combined with Digital China's outstanding reputation for service and support, will lead to success in the marketplace."
Gateway, with its whimsical cow-spotted boxes, is one of America's most recognizable brands. As the exclusive distributor of Gateway products in China, Digital China embarked on a highly successful pilot program in June.
"As China's leading IT distributor, we are pleased to offer the premium Gateway brand to our customers nationwide," said Guo Wei, president and CEO, Digital China, Inc. "Digital China is committed to meeting the country's growing technology needs and we look forward to working closely with our reseller partners to make the Gateway brand a household name in China."
"For over 20 years, Intel has supported China's progress as a technology collaborator, investor, advisor and community member," said Sean M. Maloney, executive vice president, general manager, Sales and Marketing Group, Intel Corporation. "As China increasingly moves to a digital world for business, entertainment and education, Intel is proud to support a great customer like Gateway and their commitment to cultivating IT development and bringing new computing experiences to consumers in China and around the world."
"Gateway and Microsoft have worked together for many years to deliver high quality Windows based PCs for consumers," said Tim Chen, corporate vice president and CEO, greater China region, Microsoft. "We are pleased that Gateway is now bringing their new line of premium Windows Vista desktop and laptop PCs, that deliver great digital lifestyle experiences, to consumers in China."
"Best Buy looks forward to expanding our strong alliance with Gateway as both companies expand into China and other markets," said Redmond Yeung, president and chief operating officer of Best Buy Asia. "The high-end product line Gateway has built for China is a perfect fit for the unique, premium experience we are creating in our Shanghai store and future locations."
"We've built our business model on delivering maximum value for PCs that lead the industry in quality, performance and customer support," said Bob Davidson, Gateway's senior vice president, Worldwide Retail. "We couldn't ask for a better partner than Digital China and look forward to a long and mutually beneficial partnership. Together, we're pleased to bring Gateway products to China and confident that our products will be a big hit."
About Gateway
Since its founding in 1985, Irvine, Calif.-based Gateway (NYSE: GTW - News) has been a technology pioneer, offering award-winning PCs, servers and related products to consumers, businesses, government agencies and schools. Gateway is the third largest PC company in the U.S. and among the top ten worldwide. The company's value-based eMachines brand is sold exclusively by leading retailers worldwide, while the premium Gateway line is available at major retailers, over the web and phone, and through its direct and indirect sales force. See http://www.gateway.com for more information.
About Digital China
Digital China is an information technology services company dedicated to the advancement of digitization in China. According to IDC, Digital China is currently the largest IT products distributor and systems integrator in China. Digital China was spun off from Legend Group Limited and separately listed on the Hong Kong Stock Exchange Limited in June 2001.
-------------------------------------------------------------------------------
http://biz.yahoo.com/prnews/070816/lath018.html?.v=101
UDTT.OB .0023 had AH news yesterday, and another release this premarket. In pump mode, may run for today:
http://biz.yahoo.com/iw/070815/0291410.html
LDK: LDK Solar Secures Agreement for the Supply of Wafers to Chuan-Yi Investment Corporation
Thursday August 16, 3:15 am ET
Shares Outstanding: 104.59M
XINYU CITY, China and SUNNYVALE, Calif., Aug. 16 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK - News), a leading manufacturer of multicrystalline solar wafers, announced today that it has signed a contract to supply multicrystalline solar wafers to Taiwan-based Chuan-Yi Investment Corporation.
Under terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to Chuan-Yi valued at approximately US$516 million over a three-year period.
"We are very excited to have the opportunity to add Chuan-Yi to our growing list of global customers," stated Xiaofeng Peng, Chairman and CEO. "This agreement advances our strategy of broadening our customer base and demonstrates our position as a leading manufacturer of solar wafers. We look forward to supporting the long-term growth and success of Chuan-Yi."
"We are delighted to secure such a significant amount of high-quality solar-grade silicon wafers from LDK," commented Jin-Jiang Yeh, Chairman of Chuan-Yi. "This contract enhances Chuan-Yi's ability to promote the combined applications of solar power and LED. We look forward to building an enduring relationship with LDK in support of our future growth."
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.
About Chuan-Yi Investment Corporation
Chuan-Yi, an affiliate of Everlight Electronics Co., Ltd., is an investment firm focused on the optoelectronic industry in Taiwan. Established in 1983, Everlight is a leading international LED company.
Safe Harbor Statement
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although LDK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties that could cause actual results to differ materially from those projected.
--------------------------------------------------------------------------------
Source: LDK Solar Co., Ltd.
WW: 46.24 Watson Wyatt beats by $0.04; guides above consensus for FY08 (WW) 46.24 : Reports Q4 (Jun) earnings of $0.71 per share, $0.04 better than the Reuters Estimates consensus of $0.67; revenues rose 11.9% year/year to $388.5 mln vs the $384.9 mln consensus. Co issues upside guidance for FY08, sees EPS of $2.90-2.95 vs. $2.81 consensus; sees FY08 revs of $1.68-1.72 bln vs. $1.61 bln consensus.
UPSIDE MOVERS
(+)GGBM rises on a purchase order for one WiFiber link with additional orders anticipated following successful installation, from a direct sale to a major university on the U.S. East Coast.
DOWNSIDE MOVERS
(-)MOVI slides after it reports lower Q2 results from a year ago and says it may not be able to operate past Q3 without additional funding.
------------------
Live Pre-Market Updates...
Pre-Market: Analyst Actions: Research In Motion Adding 2% in Pre-Bell, Bid Holding at 211.50
7:55 AM, Aug 13, 2007 -- RIMM is up 2% at 211.50, with a top pre-bell bid/ask at 211.50/212.50. Volume interest is increasing at this hour. RIMM reportedly saw its price target raised by UBS to $280 per share.
Companies: Research In Motion
Price: 211.50 Price Change: +4.50 Percent Change: +2.
BX: Blackstone profit quadruples on proforma basis
Mon Aug 13, 2007 7:49AM EDT
http://www.reuters.com/article/marketsNews/idUKL1327657020070813?rpc=44
Blackstone net income more than triples
Monday August 13, 8:05 am ET
http://biz.yahoo.com/rb/070813/blackstone_results.html?.v=3
PHTN: 8.59: Photon Dynamics guides Q4 revs above consensus (PHTN) 8.59 : Co issues upside guidance for Q4 (Sep), sees Q4 (Sep) revs of $20-25 mln vs. $19.25 mln Reuters Estimates consensus.
http://www.reuters.com/article/marketsNews/idUKWNAS163220070813?rpc=44
HAPPY BIRTHDAY :)
ah-hem. Did you just change your profile? lol
2007-08-13 05:05:00 AM :)
There was never a doubt in my mind that you two would do well this past week. You know where to go for the gold, and have perfected it all summer. This market has been a roller coaster for a few months.
My compliments to you both.
Thank you for that update. Hopefully, our wise cats here do realize that there are profits within the volatility.
There are many companies that we know to be solid. If they tank for a bit, best to buy what you can. I see I missed
some great entries on Thursday for NKE- one of my strong cards.
NKE is more than welcome to dip again this week for me...imho.
Monster list. However, I see a few of the boards favorites on that list. Answers.com, Icop........etc-
BX has a cc in the morning at 11 as well.
I've over 1000 posts to catch up on. The news blips however
tell me I only really missed a rotten market week of despair and rocky roads.
Hopefully, my return will bring some promising reports back into it.
Looking for gold under the rainbow after the storm.........
Hi Tiki. Yes, and thank you. BTW, welcome to the mod position!