I usually have a lot to say. I just know when to keep it to myself.
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Earnings Announcements for Monday, August 13
Company Symbol EPS
Estimate* Time Add to My
Calendar Conference
Call
180 Connect Inc. NCT-U.TO N/A After Market Close
Aareal Bank AG ARL.F N/A Time Not Supplied
Advanced Photonix API N/A After Market Close
AINSWORTH LMBR LTD ANS.TO N/A After Market Close
AKER BIOMARINE ASA AKBM.OL N/A Time Not Supplied
ALEXZA PHARMACEUTICALS INC ALXA -0.37 After Market Close
ALLGREEN PROPERTIES LTD A16.SI N/A Time Not Supplied
ALTINEX ASA ALX.OL N/A Time Not Supplied
American Community Newspapers Inc CRB N/A After Market Close
American Railcar Industries Inc ARII 0.64 After Market Close
AMP NZ OFFICE TRUST AOTUF.PK N/A Time Not Supplied
ANSWERS CORP ANSW -0.05 Time Not Supplied
APN NEWS AND MEDIA LIMITED APN.AX N/A Before Market Open
Listen
Aviza Technology AVZA -0.02 After Market Close
BIDZ.COM BIDZ 0.12 After Market Close
Bob Evans Farms BOBE 0.36 After Market Close
BONG LJUNGDAHL AB BONG.ST N/A Time Not Supplied
BWAY Holding Company BWY 0.29 After Market Close
Cambridge Heart, Inc. CAMH.OB -0.04 Time Not Supplied
CardioTech International CTE -0.04 Before Market Open
Channell Commercial Corporation CHNL 0.12 After Market Close
Chart Industries Inc. GTLS 0.34 Time Not Supplied
China TechFaith Wireless Communication Technology Ltd CNTF -0.02 Time Not Supplied
Cinemark Holdings, Inc. CNK 0.09 After Market Close
COCHLEAR LIMITED COH.AX N/A Before Market Open
COMINAR REAL ESTATE INVT TR CUF-UN.TO N/A Time Not Supplied
Compton Petroleum CMZ 0.07 After Market Close
Comstock Homebuilding CHCI N/A Time Not Supplied
Consolidated Water CWCO 0.21 Time Not Supplied
Constar, Inc. CNST N/A Before Market Open
CPI Aerostructures CVU N/A Before Market Open
CPI International, Inc. CPII 0.34 After Market Close
CSE GLOBAL LTD 544.SI N/A Time Not Supplied
DeVry DV 0.25 After Market Close
Domtar Corp UFS 0.1 Time Not Supplied
DTE Energy Company DTE 0.47 After Market Close
EAGLE ROCK ENERGY PARTNERS LP EROC 0.15 After Market Close
Eletrobras-Centrais Electricas Brasileiras S.A. CAIGY.PK N/A Time Not Supplied
EPICEPT CORP EPCT -0.18 After Market Close
Excel Maritime Carriers Ltd. EXM 0.57 After Market Close
EXTREME CCTV INC EXC.TO N/A Time Not Supplied
GBS Gold International Inc. GBS.TO N/A Time Not Supplied
GENIUS PRODUCTS INC GNPI.OB 0.02 Time Not Supplied
GeoMet, Inc GMET 0.05 Before Market Open
GIANT WIRELESS TECHNOLOGY G06.SI N/A Time Not Supplied
GOLDEN MEDITECH COMPANY LTD GMDTF.PK N/A Time Not Supplied
Goldleaf Financial Solutions, Inc. GFSI 0.05 Time Not Supplied
GUANGDONG PROVINCIAL EXPRESSWAY DEV 200429.SZ N/A After Market Close
GVI Security Solutions Inc. GVSS.OB N/A Time Not Supplied
HARVEST ENERGY TR HTE N/A After Market Close
Health Benefits Direct HBDT.OB N/A After Market Close
ICOP DIGITAL INC ICOP -0.04 After Market Close
IGNIS ASA IGNIS.OL N/A Time Not Supplied
Inplay Technologies NPLA N/A Time Not Supplied
Integrated Electrical Services, Inc. IESC N/A After Market Close
INTERCELL AG INRLF.PK N/A Time Not Supplied
Interoil Corp. IOC 0.08 After Market Close
Intertape Polymer Group ITP N/A Time Not Supplied
Key Energy Services KEGS.PK N/A Time Not Supplied
LanOptics LNOP N/A Before Market Open
LeCroy Corporation LCRY 0.06 Time Not Supplied
LEIGHTON HOLDINGS LTD LEI.AX N/A 10:30 pm ET
LINN ENERGY LLC LINE 0.23 After Market Close
MAGNECOMP INTERNATIONAL M14.SI N/A Time Not Supplied
MEDICAL FACILITIES CORP DR-UN.TO N/A Before Market Open
MFS TECHNOLOGY 5BM.SI N/A Time Not Supplied
NetEase.com Inc NTES 0.28 After Market Close
ORBITZ WORLDWIDE INC OWW N/A After Market Close
Pan American Silver PAAS 0.31 After Market Close
PARKWAY HOLDINGS P27.SI N/A After Market Close
Peoples Educational Holdings, Inc. PEDH N/A Time Not Supplied
PEOPLES FOOD HLDGS P05.SI N/A Time Not Supplied
Petrobras PBR N/A Time Not Supplied
Phoenix Footwear Group PXG -0.03 After Market Close
PHYSICIANS FORMULA HOLDINGS INC FACE -0.03 Time Not Supplied
PokerTek, Inc. PTEK -0.22 Time Not Supplied
PRB Energy, Inc. PRB -0.38 After Market Close
Proliance Intl. PLI N/A After Market Close
RG Barry Corp DFZ N/A Time Not Supplied
RIEBER & SON ASA RIE.OL N/A Before Market Open
Sirtris Pharmaceuticals SIRT -0.3 Time Not Supplied
STEC STEC 0.02 After Market Close
Switch and Data SDXC 0.03 Before Market Open
SYSCO Corporation SYY 0.46 Before Market Open
Tarrant Apparel TAGS N/A Before Market Open
TDC A/S TDC.CO N/A Time Not Supplied
Technology Solutions Company TSCC N/A After Market Close
Terabeam, Inc TRBM N/A 4:00 pm ET
The Blackstone Group BX 0.46 Time Not Supplied
Track Data TRAC N/A Time Not Supplied
TRUBION PHARMA INC TRBN -0.31 After Market Close
ULTRAPETROL BAHAMAS LTD ULTR 0.1 After Market Close
UNIVERSAL ENERGY GROUP LTD UEG.TO N/A Before Market Open
Uranium One Inc. SXR.TO N/A Time Not Supplied
US BioEnergy Corporation USBE 0.15 Before Market Open
Valspar VAL 0.56 Time Not Supplied
Venoco Inc VQ 0.25 After Market Close
Verso Technologies Inc VRSO N/A Time Not Supplied
Vivacon AG VIA.F N/A Time Not Supplied
XINHUA FIN MEDIA LTD XFML 0.07 Time Not Supplied
Asian Markets Up After Global Plunge
Monday August 13, 12:29 am ET
Asian Markets Recover Gradually From Worldwide Plunge Set Off by U.S. Mortgage Crisis
TOKYO (AP) -- Asian markets rebounded Monday in early trading, recovering gradually from a worldwide plunge set off by volatility from a U.S. mortgage crisis.
The Nikkei 225, the benchmark for the Tokyo Stock Exchange, edged up 0.5 percent in morning trading to 16,844.59, as jitters subsided over the subprime mortgage problem that had set off aggressive selling Friday.
Taiwan shares also were higher in morning trading, inching up 0.3 percent at 8,961.09.
On Wall Street, the Dow Jones industrials closed out a tough week, ending with just a 31-point deficit, or 0.23 percent, and managed to post a gain for the week.
The U.S. Federal Reserve injected billions of dollars into the banking system to calm market turmoil. On Thursday, the Dow fell 387 points and extended a series of triple-digit moves that began in late July.
Earlier, other global stock markets had tumbled.
Stock markets in Europe declined, unappeased by the European Central Bank's decision to inject another 61 billion euros ($83.9 billion) into the banking system Friday, a day after it provided nearly 95 billion euros ($130.8 billion), the bank's biggest infusion ever.
In Asia, short-term investors led the selling Friday on concerns the credit crunch set off by the subprime sector could spill over.
On Friday, the Bank of Japan said it injected 1 trillion yen ($8.39 billion) into money markets to curb rises in a key overnight interest rate. The central bank pumped another 600 billion yen ($5 billion) into money markets Monday.
http://biz.yahoo.com/ap/070813/world_markets.html?.v=2
BX: The Blackstone Group Q2 2007 Earnings Conference Call
Scheduled to start Mon, Aug 13, 2007, 11:00 am Eastern
http://biz.yahoo.com/cc/0/84560.html
Hi Board. Time for me to turn off the PC. I'll return August 12th to catch up.
Yours, B
I'm busted....and now I'm laughing. Thanks for the reminder. I'll return in a min....
Full list Upcoming IPOS:
Company Name
Symbol Underwriter Price Range
Shares Trade Date
Amedica
AMCA Morgan Stanley
Jefferies $13.00-$15.00
4.7 mil Week of 7/30
Concho Resources
CXO J.P. Morgan
Banc of America $14.00-$16.00
21.2 mil Week of 7/30
Dolan Media
DM Goldman Sachs
Merrill Lynch $13.50-$15.50
10.5 mil Week of 7/30
Genpact
G Morgan Stanley
Citi $16.00-$18.00
35.3 mil Week of 7/30
Sucampo Pharmaceuticals
SCMP Cowen & Company
CIBC World Markets $14.00-$16.00
3.8 mil Week of 7/30
Virtusa
VRTU J.P. Morgan
Bear Stearns $14.00-$16.00
4.4 mil Week of 7/30
Cross Match Tech.
CROS Credit Suisse
UBS Investment Bank $14.00-$16.00
11.8 mil Week of 8/6
Cumberland Pharmaceuticals
CPIX UBS Investment Bank
Jefferies $14.00-$16.00
6.3 mil Week of 8/6
DemandTec
DMAN Morgan Stanley
Credit Suisse $10.00-$12.00
6.0 mil Week of 8/6
E-House (China) Holdings
EJ Credit Suisse
Merrill Lynch $11.50-$13.50
14.6 mil Week of 8/6
HireRight
HIRE Credit Suisse
Robert Baird $15.00-$17.00
4.4 mil Week of 8/6
Masimo Corporation
MASI Piper Jaffray
Deutsche Bank $16.00-$18.00
11.9 mil Week of 8/6
MercadoLibre
MELI J.P. Morgan
Merrill Lynch $16.00-$18.00
16.1 mil Week of 8/6
NanoDynamics
NDMX Jefferies
Canaccord Adams $12.00-$14.00
6.6 mil Week of 8/6
Quicksilver Gas Services LP
KGS UBS Investment Bank
Goldman Sachs $19.00-$21.00
5.0 mil Week of 8/6
Tully's Coffee
TULY KeyBanc Capital
D.A. Davidson $10.00-$12.00
3.5 mil Week of 8/6
WuXi PharmaTech
WX Credit Suisse
J.P. Morgan $11.00-$13.00
13.2 mil Week of 8/6
Cosan Limited
CZZ Credit Suisse
Goldman Sachs $17.04-$17.04
100.0 mil Week of 8/13
VMware
VMW Citi
J.P. Morgan $23.00-$25.00
33.0 mil Week of 8/13
Genpact (G) - This week- To price Aug 1
Prospectus: http://www.sec.gov/Archives/edgar/data/1398659/000104746907004075/a2177736zs-1.htm
Market Cap $3,698,500,000
Revenues $613,000,000
Net Income $40,000,000
Price Range $16.00 - $18.00
Shares Offered 35.3 mm
Canon's Court, 22 Victoria Street
Hamilton, HMBermuda
(441) 295-2244
http://www.genpact.com
UNDERWRITERS
Morgan Stanley
Citi
J.P. Morgan
Wachovia Securities
Merrill Lynch
Banc of America
Credit Suisse
Deutsche Bank
UBS Investment Bank
Thought I was on the IPO board. Oh dear. LOL, Yes, I'm looking at them as in my other windows now. I am looking closely at G, but am not a fan of the location. I do however
like the numbers and they have 30000 employees
Genpact (G) - This week- To price Aug 1
Prospectus: http://www.sec.gov/Archives/edgar/data/1398659/000104746907004075/a2177736zs-1.htm
Market Cap $3,698,500,000
Revenues $613,000,000
Net Income $40,000,000
Price Range $16.00 - $18.00
Shares Offered 35.3 mm
Canon's Court, 22 Victoria Street
Hamilton, HMBermuda
(441) 295-2244
http://www.genpact.com
UNDERWRITERS
Morgan Stanley
Citi
J.P. Morgan
Wachovia Securities
Merrill Lynch
Banc of America
Credit Suisse
Deutsche Bank
UBS Investment Bank
Full list Upcoming IPOS:
Company Name
Symbol Underwriter Price Range
Shares Trade Date
Amedica
AMCA Morgan Stanley
Jefferies $13.00-$15.00
4.7 mil Week of 7/30
Concho Resources
CXO J.P. Morgan
Banc of America $14.00-$16.00
21.2 mil Week of 7/30
Dolan Media
DM Goldman Sachs
Merrill Lynch $13.50-$15.50
10.5 mil Week of 7/30
Genpact
G Morgan Stanley
Citi $16.00-$18.00
35.3 mil Week of 7/30
Sucampo Pharmaceuticals
SCMP Cowen & Company
CIBC World Markets $14.00-$16.00
3.8 mil Week of 7/30
Virtusa
VRTU J.P. Morgan
Bear Stearns $14.00-$16.00
4.4 mil Week of 7/30
Cross Match Tech.
CROS Credit Suisse
UBS Investment Bank $14.00-$16.00
11.8 mil Week of 8/6
Cumberland Pharmaceuticals
CPIX UBS Investment Bank
Jefferies $14.00-$16.00
6.3 mil Week of 8/6
DemandTec
DMAN Morgan Stanley
Credit Suisse $10.00-$12.00
6.0 mil Week of 8/6
E-House (China) Holdings
EJ Credit Suisse
Merrill Lynch $11.50-$13.50
14.6 mil Week of 8/6
HireRight
HIRE Credit Suisse
Robert Baird $15.00-$17.00
4.4 mil Week of 8/6
Masimo Corporation
MASI Piper Jaffray
Deutsche Bank $16.00-$18.00
11.9 mil Week of 8/6
MercadoLibre
MELI J.P. Morgan
Merrill Lynch $16.00-$18.00
16.1 mil Week of 8/6
NanoDynamics
NDMX Jefferies
Canaccord Adams $12.00-$14.00
6.6 mil Week of 8/6
Quicksilver Gas Services LP
KGS UBS Investment Bank
Goldman Sachs $19.00-$21.00
5.0 mil Week of 8/6
Tully's Coffee
TULY KeyBanc Capital
D.A. Davidson $10.00-$12.00
3.5 mil Week of 8/6
WuXi PharmaTech
WX Credit Suisse
J.P. Morgan $11.00-$13.00
13.2 mil Week of 8/6
Cosan Limited
CZZ Credit Suisse
Goldman Sachs $17.04-$17.04
100.0 mil Week of 8/13
VMware
VMW Citi
J.P. Morgan $23.00-$25.00
33.0 mil Week of 8/13
Drybulk shipping provider Paragon Shipping files terms
7/30/2007
Paragon Shipping, a worldwide provider of drybulk shipping services, filed terms with the SEC Monday for its upcoming IPO. The firm plans to offer 10.3 million shares at a price range of $16 to $18 per share. UBS and Morgan Stanley are the new lead managers on the deal.
http://www.ipohome.com/marketwatch/iponews.asp
Brazilian sugar and ethanol producer Cosan files terms for IPO
7/30/2007
Cosan, a Brazilian producer of sugar and ethanol, filed terms with the SEC Monday for its upcoming IPO. The company plans to offer 100 million shares at a price equivalent to the closing price of the stock on the Sao Paolo Stock Exchange, which as of July 27th was $17.04 per share. The deal is expected to price on August 15th. Credit Suisse, Goldman Sachs, and Morgan Stanley are the lead managers on the deal.
http://www.ipohome.com/marketwatch/iponews.asp
CDM Resource Partners files for IPO
7/31/2007
CDM Resource Partners, which provides customers with turn-key natural gas contract compression services to maximize their natural gas and crude oil production, filed for an IPO with the SEC Tuesday. The company plans to offer 7 million shares, but did not disclose a price range in the initial filing. Lehman Brothers and Merrill Lynch are the lead managers on the deal.
http://www.ipohome.com/marketwatch/iponews.asp
Investment decision support tools provider MSCI files for IPO
7/31/2007
MSCI, a provider of investment decision support tools to investment institutions worldwide, filed for an IPO Tuesday with the SEC. No terms were disclosed in the initial filing. Morgan Stanley is the lead manager on the deal.
http://www.ipohome.com/marketwatch/iponews.asp
Charts to follow here for Upgrade stocks: AOI, UVV and PCL'
Upgrades
Company Name Symbol Details Analyst
Alliance One AOI Buy Davenport
Universal Corp UVV Buy Davenport
Plum Creek PCL Buy DA Davidson
Source: News Corp. Backs Dow Jones Deal
Tuesday July 31, 9:32 pm ET
By Seth Sutel, AP Business Writer
Source: Murdoch's News Corp. Board Approves Deal to Buy Dow Jones & Co. for $5 Billion
NEW YORK (AP) -- Rupert Murdoch edged closer to his goal of owning Wall Street Journal publisher Dow Jones & Co. late Tuesday as the board of his News Corp. media conglomerate signed off on the $5 billion deal, a person with knowledge of the matter said.
If he succeeds, as seems likely, Murdoch would get one of the great trophies of U.S. journalism and a newspaper that is considered required daily reading among the business and power elite.
The deal would also expand Murdoch's already massive global media and entertainment empire News Corp., which owns the Fox broadcast network; Fox News Channel; the Twentieth Century Fox movie and TV studio; MySpace; newspapers in Australia and the U.K.; and several satellite TV broadcasters.
A person familiar with the situation said News Corp.'s board approved the deal, but this person asked for anonymity because the vote had not yet been made public. News Corp. had said it would only agree to move ahead if the deal had sufficient support from Dow Jones' controlling shareholders, the Bancroft family.
The Journal reported on its Web site late Tuesday that Dow Jones' board had also approved the deal, clearing away the last significant hurdle, but a company spokeswoman declined to comment.
The Journal reported that a key Bancroft family trust had reversed itself and decided to support the deal, meaning that votes representing about 37 percent of Dow Jones' shareholder vote were now in favor of selling to Murdoch.
A Denver-based family trust with about 9 percent of the company vote had been holding out for a higher price but agreed to the deal after Dow Jones' board said it would set aside funds to pay the Bancroft family's advisory fees, which could total at least $30 million, the paper reported.
Combined with the 29 percent of Dow Jones shares that are publicly held and very likely to support Murdoch, the deal appeared to have critical mass.
The deal comes as newspapers across the country face a deepening crisis of slumping revenues as readers flock to the Internet for information and entertainment, as advertising dollars chase them there.
The deal for Dow Jones represents the third time in just over a year that a major newspaper publisher has been pushed into a sale. Last year, Knight Ridder Inc. was forced to sell itself following a shareholder revolt over poor financial performance, and this year Tribune Co. agreed to a going-private transaction orchestrated by the real estate magnate Sam Zell.
The Bancroft family, which collectively holds 64 percent of Dow Jones' vote, was deeply divided over selling to Murdoch, and some members actively sought alternatives to his bid. They, a union representing Journal reporters and former board member Jim Ottaway Jr. expressed concerns about potential meddling in the Journal's news coverage.
German publishing executive Dieter von Holtzbrinck resigned as a director of Dow Jones two weeks ago after the board tentatively signed off on the deal, saying he was worried about how the Journal would fare under Murdoch.
Murdoch says any concerns about corporate meddling in the Journal's news pages are unwarranted. News Corp. has agreed to create a committee that would have to sign off on any decision to hire or fire top editors at the paper.
Dow Jones shares rose sharply Tuesday on hopes that a deal was close, and were getting closer to Murdoch's offering price of $60 a share, indicating growing confidence the deal will go through. Dow Jones shares rose $5.82, or 11.3 percent, to close at $57.38. They gained another 47 cents in after-hours trading.
In a lengthy letter to fellow family members last week, Bancroft descendant Crawford Hill urged them to vote for a sale, saying the family hadn't taken an active enough role in overseeing Dow Jones and was now "paying the price for our passivity over the past 25 years."
On Tuesday, Thomas Walker, who worked on the global copy desk at The Wall Street Journal, said outside of the Dow Jones building in lower Manhattan that he was quitting rather than see the paper sold to Murdoch. "I don't want to work for the man," he said.
Associated Press Writer Sonia Moghe contributed to this report.
http://biz.yahoo.com/ap/070731/dow_jones_murdoch.html?.v=42
DRC Chart:
afterhours: DRC: 37.10 Dresser-Rand Selected to Supply $154 Million of Equipment to BP for FPSO for Skarv Field in the Norwegian Sea
Tuesday July 31, 8:27 pm ET
Shares Outstanding6: 85.83M
Float: 85.26M
HOUSTON, July 31 /PRNewswire-FirstCall/ -- Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC - News), a global supplier of rotating equipment and aftermarket parts and services, announced today that it will supply advanced turbomachinery for a floating, production, storage and offloading (FPSO) vessel.
The award is estimated at more than $154 million USD. Dresser-Rand will supply gas turbine packages for power generation and gas compression. Dresser-Rand booked the order in May 2007.
"We are very pleased to have been awarded this contract," said Jesus Pacheco, Dresser-Rand's executive vice president, New Equipment Worldwide. "The award is further evidence of our leading role as a total solution provider of power generation and gas compression equipment for offshore platforms. Jim Heid, Dresser-Rand's vice president, Business Solutions, commented that "The contract will be executed under the agreement that exists between Dresser-Rand and BP, one of its key alliance clients, and reaffirms the value of alliance agreements to both Dresser-Rand and our clients."
Dresser-Rand will provide six DATUM® centrifugal compressor trains driven by variable speed electric motors for gas compression service, four generator sets for main power generation and control panels for each equipment package.
The electric motor-driven gas compressor packages include transformers and frequency converters for the drive system. The packages include complete three-point mounted baseplates, full enclosures for noise protection, and all auxiliary systems. String testing for the equipment will be conducted at the Dresser-Rand facility in Le Havre, France.
The power generation packages feature three point mounted, torque tube baseplates, noise enclosures, and all auxiliary systems. The equipment will be full-load string tested at Dresser-Rand's facility in Drammen, Norway.
About Dresser-Rand
Dresser-Rand is among the largest suppliers of rotating equipment solutions to companies that operate in the worldwide oil, gas, petrochemical, and process industries. Dresser-Rand operates manufacturing facilities in the United States, France, Germany, Norway, and India, and maintains a network of 26 service and support centers worldwide.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements concerning The Company's plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends, executive compensation and other information that is not historical information. The words "anticipates," "believes," "expects", "intends," and similar expressions identify such forward-looking statements. Although the Company believes that such statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include, among others, the following: material weaknesses in its internal controls; economic or industry downturns; its inability to implement its business strategy to increase aftermarket parts and services revenue; competition in its markets; failure to complete or achieve the expected benefits from, any future acquisitions; economic, political, currency and other risks associated with international sales and operations; loss of senior management; the Company's brand name may be confused with others; environmental compliance costs and liabilities; failure to maintain safety performance acceptable to its clients; failure to negotiate new collective bargaining agreements; ability to operate as a stand-alone company; unexpected product claims and regulations; and infringement on its intellectual property or infringement on others' intellectual property. These and other risks are discussed in greater detail in the Company's filings with the Securities and Exchange Commission at http://www.sec.gov. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on results of operations and financial condition. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. For information about Dresser-Rand, go to its website at http://www.dresser-rand.com.
DATUM® is a registered trademark of Dresser-Rand Company.
Investor Contact: Blaise Derrico, Director Investor Relations (713) 973-5497
DRC-FIN
--------------------------------------------------------------------------------
Source: Dresser-Rand
http://biz.yahoo.com/prnews/070731/nytu177.html?.v=75
ew.
IOMI Chart:
afterhours: IOMI: 1.70 Iomai to Announce Positive Results from Phase 2 Field Trial of Its Travelers Diarrhea Vaccine and Host Conference Call and Webcast Tomorrow
Tuesday July 31, 6:05 pm ET
GAITHERSBURG, Md., July 31 /PRNewswire-FirstCall/ -- Iomai Corporation (Nasdaq: IOMI - News) today announced that it will announce positive results from the Phase 2 field trial of the company's patch-based travelers' diarrhea vaccine before the markets open tomorrow. A conference call and live webcast will be held at 8:30 a.m. Eastern Time tomorrow to discuss the results.
Conference Call Details
To access the live conference call tomorrow at 8:30 a.m. Eastern Time via phone, please dial 866-510-0705 from the United States and Canada or 617-597- 5363 internationally. The conference ID is 26738905. Please dial in approximately ten minutes prior to the start of the call. A telephone replay will be available beginning approximately one hour after the call through Aug. 8 and may be accessed by dialing 888-286-8010 from the United States and Canada or 617-801-6888 internationally. The replay passcode is 85144095.
To access the live and subsequently archived webcast of the conference call, go to the Investor Relations section of the Company's website at www.iomai.com. Please connect to the web site at least 15 minutes prior to the call to allow for any software download that may be necessary. The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.
ABOUT IOMAI CORPORATION
Iomai Corporation discovers and develops vaccines and immune system stimulants, delivered via a novel, needle-free technology called transcutaneous immunization (TCI). TCI taps into the unique benefits of a major group of antigen-presenting cells found in the outer layers of the skin (Langerhans cells) to generate an enhanced immune response. Iomai is leveraging TCI to enhance the efficacy of existing vaccines, develop new vaccines that are viable only through transcutaneous administration and expand the global vaccine market. Iomai currently has four product candidates in development: three targeting influenza and pandemic flu and one to prevent travelers' diarrhea. For more information on Iomai, please visit www.iomai.com.
--------------------------------------------------------------------------------
Source: Iomai Corporation
http://biz.yahoo.com/prnews/070731/aqtu220.html?.v=4
I still have faith, and shares in BX. Have added in the past few lows. Going for the long hold here, fwiw.
Markets have been brutal across the boards.
I just looked up INXR and IPKL. IPKL has no signs at all...
Re: INXR- What's with the skull and crossbones?
Do you have a chart of signs and meanings?
THANK YOU, this is just what I was looking for.
March 2009- All US households will require either a converter box or a digitally compatible TV. No more analog. I think I know where to put my money for long holds now, lol.
Yikes. that's a lot for consumer spending. On average 17% of residents in Illinois use only Analog (my mother is one of them) or never subscribed to a cable / sat service.
Wow. Hello electronic stocks.......
it should fare well today. If it's running PM, then look at it 30-45 mins after the bell for entry IMHO- unless of course you already jumped in.
I personally enjoy the PM and AH trading.....but it's super high risk and large spreads.
Nice press, jmrsage. VVUS chart:
BMC 28.09 BMC Software OKs $1B Stock Buyback
Monday July 30, 7:58 am ET
BMC Software Board Approves Repurchase of Up to $1 Billion Worth of Shares
Shares Outstanding: 200.55M
Float: 185.65M *per yahoo
HOUSTON (AP) -- Business management software maker BMC Software Inc. said Monday its board authorized the repurchase of up to $1 billion of the company's shares, in addition to a $171.1 million authorization remaining under a previous buyback plan.
Repurchases may be made from time to time in the open market or through private transactions, subject to market conditions.
BMC Software currently has about 201.3 million shares outstanding, worth $5.65 billion at current prices.
http://biz.yahoo.com/ap/070730/bmc_software_buyback.html?.v=1
- FPL: 54.92 FPL Group reports Q2 earnings and revs above consensus; reaffirms FY07 guidance, raises FY08 guidance (FPL) 54.92 : Reports Q2 (Jun) earnings of $0.86 per share, $0.06 better than the Reuters Estimates consensus of $0.80; revenues rose 3.2% year/year to $3.93 bln vs the $3.89 bln consensus. "Although weather was a disappointment in the second quarter, we still expect FPL Group to be at the upper end of our previously announced range for 2007 adjusted earnings per share. FPL Energy is ahead of where we would otherwise have expected, while FPL will clearly be challenged by the tough weather comparisons experienced during the second quarter and is likely to come in around the low end of our original range. Co raises guidance for FY08, sees EPS of $3.70-3.90 vs. $3.78 consensus, up from prior guidance of $3.60-3.80.
http://finance.yahoo.com/q?s=fpl&d=t
Wow. Those last two have similar share amounts. It made me double check. Nice..........
GGBM: 5.67 GigaBeam Announces Hiring of Mark Hahn as Chief Financial Officer and Vice President of Finance and Administration
Monday July 30, 3:30 am ET
Former Ernst & Young Senior Manager and Long-Time CFO to Lead Company During Sustained Period of Growth
Shares Outstanding: 6.55M
Float: 3.59M
DURHAM, N.C.--(BUSINESS WIRE)--GigaBeam Corporation (NASDAQ:GGBM - News), deploying market disruptive "wireless fiber optics" technology to economic centers across the globe, announced today that it has hired Mark Hahn as the Company's new Chief Financial Officer and Vice President of Finance and Administration. Mr. Hahn, a long-time CFO and a former Senior Manager at Ernst & Young, will join GigaBeam during period of sustained corporate growth.
Previous to his new position at GigaBeam, Mr. Hahn was CFO of at BuildLinks, Inc., where he led the development of that company's financial models, strategic plans and drove the closing of several rounds of venture capital investment. At Performaworks, Inc., Mr. Hahn led the restructuring of that business by modifying short and long-term strategic initiatives that reduced its monthly burn rate by 40%.
"Mark is the ideal candidate for the CFO position at GigaBeam due to his experience and for his proven ability to develop viable financial strategies," said Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam. "I would also thank Leighton Stephenson for his tireless work as our former CFO and respect his decision not to relocate to Durham. Mark will step right in as an important member of the GigaBeam management team as we continue to execute on our overriding mission to build shareholder value."
Mr. Hahn also served as Senior Manager at Ernst & Young, LLP, where he led project management, engagement planning, client relations and the development of both public and private growth oriented companies. Following his position at Ernst & Young, Mr. Hahn served as the CFO of Charles & Colvard, where his executive accomplishments included growing the firm from three employees with $1 million in seed money into a thriving, NASDAQ traded company with more than 75 employees.
GigaBeam's WiFiber® technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber® has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also require significant regulatory and environmental approvals prior to installation.
About GigaBeam Corporation
GigaBeam's WiFiber® product ushers in a new era of communications by allowing customers to bypass the restrictive telecom oligopoly and connect directly to any city's fiber optics hub or Point-of-Presence (POP). The disruptive impact of an easily deployable, low cost alternative to fiber optics cables is difficult to overestimate, especially since WiFiber's point-to-point high-speed units transmit data via the highest approved radio frequency at speeds equal to 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners and customers include Google, Verizon, ING, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented an aggressive commercialization strategy to expand into major metropolitan areas around the world.
GigaBeam's visionary management team is fully committed to augmenting current revenues through a network of authorized dealers and resellers across North America, South America, Europe, Africa, the Middle East, India and Asia that have local expertise and established contacts. In short, GigaBeam offers a truly unique investment opportunity with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.
To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com/.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/gigabeam.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/gigabeam/quote.html.
To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/gigabeam/factsheet.html.
Safe Harbor Statement
Statements in this press release regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission.
Contact:
Financial Communications
Trilogy Capital Partners
Ryon Harms, 800-592-6067
ryon@trilogy-capital.com
--------------------------------------------------------------------------------
Source: GigaBeam Corporation
http://biz.yahoo.com/bw/070730/20070730005362.html?.v=1
ASYS: 10.78 Amtech Systems Announces $4.9 Million Follow-On Solar Order
Monday July 30, 6:30 am ET
Shares Outstanding: 6.50M
Float: 3.23M
TEMPE, Ariz.--(BUSINESS WIRE)--Amtech Systems, Inc. (NASDAQ:ASYS - News), a global supplier of production and automation systems and related supplies for the manufacture of semiconductors, solar cells and wafers, today announced the company has received a $4.9 million follow-on solar order for diffusion processing systems from the solar cell industry. This follow-on order of $4.9 million is from a recent new customer based in Asia and is in addition to the $4.4 million in solar orders Amtech announced on July 11, 2007.
For its fiscal 2007 year-to-date, Amtech has received approximately $19.0 million of solar orders, including this most recent order. Amtech expects the $4.9 million order to ship in fiscal 2008.
"We continue to execute our growth plan and generate strong momentum and interest for our products with current and potential new customers within the rapidly growing solar market," said J.S. Whang, President and Chief Executive Officer of Amtech.
About Amtech Systems, Inc.
Amtech Systems, Inc. manufactures capital equipment, including silicon wafer handling automation, thermal semiconductor processing equipment and related consumables used in fabricating semiconductor devices and solar cells. Semiconductors, or semiconductor chips, are fabricated on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including computers, telecommunications devices, automotive products, consumer goods, and industrial automation and control systems. The Company's semiconductor handling, thermal processing and consumable products currently address the diffusion, oxidation and deposition steps used in the fabrication of semiconductors, solar cells, MEMS and the polishing of newly sliced silicon wafers.
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Litigation Reform Act. Such statements may use words such as "proposed," "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to Amtech Systems, Inc. or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions including the risks discussed in our filings with the Securities and Exchange Commission. If one or more of these risks materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this press release reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
Contact:
Amtech Systems, Inc.
Bradley C. Anderson, Chief Financial Officer
480-967-5146
or
MKR Group, Inc.
Investor Relations
Todd Kehrli or Jim Byers
323-468-2300
asys@mkr-group.com
--------------------------------------------------------------------------------
Source: Amtech Systems, Inc.
CBMX: 0.65 U.S. Department of Defense Awards $2.2 Million to CombiMatrix for Anti-Terrorism and Infectious-Disease Products
Monday July 30, 6:00 am ET
Shares Outstanding: 59.57M
Float: 59.16M
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq:CBMX - News; Nasdaq:ACTG - News) announced today that the U.S. Department of Defense (DoD) has awarded a one-year, $2.2 million contract to CombiMatrix for further development of its microarray technologies for a multipathogen- and chemical-detection system.
Under previously funded programs with the DoD, CombiMatrix has demonstrated that its products can simultaneously detect toxins, viruses, and bacteria using its semiconductor-based microarrays. Unique to this platform is its "on chip" electrochemical detection process, which eliminates the need for complex, expensive, and less-portable optical instrumentation. These systems are currently in use at several military and government laboratories as well as civilian installations.
"The events in the UK, in June, underscore the need for better technologies and products to address the constant threat of terrorist activities. Although the terrorist activity utilized explosives, the threat of chemical or biological weapons persists," stated Dr. David Danley, Director of Homeland Security and Defense Programs at CombiMatrix. "We are pleased that our government feels that our technology has value in addressing these concerns. Our products are being designed to address biothreat agents as well as infectious diseases of public-health concern, including influenza A and the 'Bird flu' subtype along with other upper-respiratory infections."
Dr. Amit Kumar, President and CEO of CombiMatrix, said, "CombiMatrix's work with the DoD to address infectious diseases fits nicely with our strategy of developing products for the molecular-diagnostics and the personalized-medicine market segments. We have already launched several microarray-based diagnostics products addressing diseases like childhood abnormalities and hematological cancers. We continue to develop additional products, including those being funded by the US DoD, to ensure a broad and integrated suite of tools to detect and to identify threats to the health of humans and animals regardless of their origin."
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation comprises two operating groups, Acacia Technologies group and CombiMatrix group.
The CombiMatrix group is developing a platform technology to rapidly produce customizable arrays, which are semiconductor-based tools for use in identifying and determining the roles of genes, gene mutations and proteins. The CombiMatrix group's technology has a wide range of potential applications in the areas of genomics, proteomics, biosensors, drug discovery, drug development, diagnostics, combinatorial chemistry, material sciences and nanotechnology.
The Acacia Technologies group develops, acquires, and licenses patented technologies. Acacia controls 76 patent portfolios covering technologies used in a wide variety of industries including audio/video enhancement & synchronization, broadcast data retrieval, computer memory cache coherency, credit card fraud protection, database management, data encryption & product activation, digital media transmission (DMT®), digital video production, dynamic manufacturing modeling, enhanced Internet navigation, image resolution enhancement, interactive data sharing, interactive television, laptop docking station connectivity, microprocessor enhancement, multi-dimensional bar codes, resource scheduling, spreadsheet automation, and user activated Internet advertising.
Acacia Research-Acacia Technologies (Nasdaq:ACTG - News) and Acacia Research-CombiMatrix (Nasdaq:CBMX - News) are both classes of common stock issued by Acacia Research Corporation and are intended to reflect the performance of the respective operating groups and are not issued by the operating groups.
Information about the Acacia Technologies group and the CombiMatrix group is available at www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Contact:
Acacia Research Corporation
Dr. Amit Kumar, 425-493-2200
Fax: 425-493-2010
--------------------------------------------------------------------------------
Source: Acacia Research Corporation
http://biz.yahoo.com/bw/070730/20070730005065.html?.v=1
Stocks Poised for Lower Open
Monday July 30, 7:05 am ET
By Madlen Read, AP Business Writer
U.S. Stocks Poised for Lower Open on Wall Street Ahead of Earnings
NEW YORK (AP) -- Stock futures slipped Monday, as Wall Street remained jittery about a possible credit crunch putting a crimp on U.S. growth.
Investors were also disappointed to hear that China tightened its credit again to cool its soaring economy, and ordered its banks to increase their reserves for a sixth time this year.
Last week was the worst week in five years for the Dow Jones industrial average and the Standard & Poor's 500 index. On Thursday and Friday, the Dow fell a total of 585 points, as Wall Street caved under growing worries about a shakier lending climate.
Investors got a bit of hope for a recovery Monday when Japan's Nikkei stock average rose 0.03 percent, Hong Kong's Hang Seng index rose 0.8 percent, and China's Shanghai Composite Index jumped 2.2 percent to a new record.
And some of Monday's earnings reports brought good news. Health benefits provider Humana Inc. said its second-quarter profit more than doubled year-over-year, while HSBC Holdings PLC, Europe's largest bank by market value, said that while lending risks remain, its first-half earnings rose by 25 percent.
But market volatility is high and credit concerns are running deep, so it's unclear if any of the day's news will allay investors' fears of a major correction.
Dow Jones industrial average futures expiring in September fell 26, or 0.20 percent, to 13,258. The Standard & Poor's 500 futures fell 1.00, or 0.07 percent, at 1,457.00, while the Nasdaq 100 futures fell 2.25, or 0.11 percent, to 1,961.25.
High energy prices, which contribute to inflation, are also a concern for investors. Last Friday, crude oil prices closed within a penny of their record close of $77.03 a barrel, reached in July 2006. Oil futures fell 42 cents to $76.60 a barrel in pre-opening trading on the New York Mercantile Exchange.
The dollar fell against most other major currencies. Gold prices rose.
In European trading, Britain's FTSE 100 was up 0.12 percent, Germany's DAX index was up 0.04 percent, and France's CAC-40 was down 0.43 percent.
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
http://biz.yahoo.com/ap/070730/wall_street.html?.v=5
Congrats MMG!~ Way to go!!
***FAT CATS 50,000th POST COMING SOON!***
One month ihub subscription to its poster, compliments of the Fat Cats Mods :)
AFTERHOURS: BVSN.OB: 2.47 BroadVision Announces Profitable Second Quarter 2007 Results
Thursday July 26, 4:30 pm ET
REDWOOD CITY, Calif.--(BUSINESS WIRE)--BroadVision, Inc. (OTCBB:BVSN - News), a global provider of e-business solutions, today reported financial results for its second quarter ended June 30, 2007. Revenues for the second quarter were $13.3 million, compared with revenues of $12.7 million for the first quarter ended March 31, 2007 and $12.7 million for the comparable quarter of 2006.
License revenue for the second quarter was $5.5 million versus $5.7 million in the prior quarter and $3.6 million in the comparable quarter of 2006. The majority of the second quarter license revenue was generated from the company's core Commerce and Portal solutions from customers including BNP Paribas, Canon, Circuit City, Vodafone, Ferrari and several other brand name global customers.
In the second quarter of 2007, BroadVision posted net income on a U.S. Generally Accepted Accounting Principles ("GAAP") basis of $8.4 million, or $0.08 per basic and diluted share, as compared with GAAP net loss of $2.5 million, or $0.02 per share, for the first quarter of 2007 and GAAP net income of $1.8 million, or $0.03 per basic and diluted share, for the second quarter of 2006.
The Company's 2007 Q2 GAAP net income included a $3.1 million non-cash gain from revaluation of the Company's outstanding warrants previously issued to certain holders of the now retired convertible debentures to purchase approximately 4.2 million shares of common stock, and outstanding warrants previously issued to the landlord in a real estate buyout transaction to purchase 700,000 shares of common stock. GAAP requires that these warrants be "marked to market" at the end of each financial reporting period.
Pro forma net income for the second quarter of 2007 was $5.9 million, or $0.06 per basic and $0.05 per diluted share, compared with a pro forma net income of $5.4 million, or $0.05 per basic and diluted share, in the first quarter of 2007 and a pro forma net income of $1.9 million, or $0.03 per basic and diluted share, in the second quarter of 2006. These pro forma results exclude restructuring charges, stock compensation expense under SFAS 123R, and revaluation of warrant liabilities. A reconciliation of these pro-forma figures to GAAP net income figures is included in a table on the attached financial statements. The Company believes its pro forma results provide useful information because they reflect the Company's financial performance excluding certain charges, credits, gains and losses that the Company believes are not indicative of its ongoing operations.
As of June 30, 2007, the company had a cash balance of $46.2 million, representing a $5.2 million, or 13%, increase over the March 31, 2007 balance of $41.0 million and a 25% increase from the year's starting cash position of $37.0 million, due primarily to positive cash flow generated from operations.
"Our team delivered yet another solid and profitable quarter. It's now been six straight quarters where we generated stable top line and impressive bottom line results with strong cash flows, demonstrating sustained progress in our turnaround efforts." said Dr. Pehong Chen, President and CEO, BroadVision. We will continue to focus on this execution plan as well as driving our new product suite including K(2) (Kona * Kukini)(TM) based Portal and Commerce, eMerchandising(TM), and CHRM(TM) into the worldwide market."
The Company formally introduced eMerchandising(TM) -- BroadVision's first commerce server agnostic product -- in June and received very positive market reactions. Furthermore, during the second quarter the Company recorded, for the first time, modest subscription and consulting revenues related to its new CHRM(TM) on-demand solution, which is scheduled to officially launch in Beijing on August 2, 2007.
Conference Call Information
BroadVision management will host a conference call today, Thursday July 26, 2007, at 2:00 p.m. PDT. The conference call may be accessed by dialing: 1-866-463-5401 pin code 497043#. Callers outside the North America should call 1-212-547-9857 to be connected. A web replay will also be available following the call on the company's website until it releases its second quarter 2007 financial results.
About BroadVision
Driving innovation since 1993, BroadVision is a global provider of e-business solutions. Our modular applications and agile toolsets, built on a robust framework for personalization and self-service, power mission-critical web initiatives that deliver unparalleled value to diverse customers worldwide. Hundreds of organizations, serving over 50 million registered users -- including Baker Hughes, BioRad Laboratories, Citibank, Finnair, Ferrari, Hilti, Iberia, ING Bank, Prime Polymer, Vodafone and Xerox -- rely on BroadVision as their platform of choice for e-business.
For more information about BroadVision, Inc., call 650.331-1000, email ir1@broadvision.com or visit www.broadvision.com.
BroadVision is a trademark or registered trademark of BroadVision, Inc. in the United States and other countries.
Information Concerning Forward-Looking Statements
Information in this release that involves expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which forward-looking statements involve risk and uncertainties. All forward-looking statements included in this release, including, but not limited to, BroadVision's continued execution in accordance with its strategic roadmap, are based upon information available to BroadVision as of the date of this release, and BroadVision assumes no obligation to update or correct any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from BroadVision's current expectations. Various factors and risks associated with BroadVision's business are discussed in its most recent annual report on Form 10-K and in BroadVision's quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission.
FULL SHEETS:
http://biz.yahoo.com/bw/070726/20070726006254.html?.v=1
AFTERHOURS: BVSN.OB: 2.47 BroadVision Announces Profitable Second Quarter 2007 Results
Thursday July 26, 4:30 pm ET
REDWOOD CITY, Calif.--(BUSINESS WIRE)--BroadVision, Inc. (OTCBB:BVSN - News), a global provider of e-business solutions, today reported financial results for its second quarter ended June 30, 2007. Revenues for the second quarter were $13.3 million, compared with revenues of $12.7 million for the first quarter ended March 31, 2007 and $12.7 million for the comparable quarter of 2006.
License revenue for the second quarter was $5.5 million versus $5.7 million in the prior quarter and $3.6 million in the comparable quarter of 2006. The majority of the second quarter license revenue was generated from the company's core Commerce and Portal solutions from customers including BNP Paribas, Canon, Circuit City, Vodafone, Ferrari and several other brand name global customers.
In the second quarter of 2007, BroadVision posted net income on a U.S. Generally Accepted Accounting Principles ("GAAP") basis of $8.4 million, or $0.08 per basic and diluted share, as compared with GAAP net loss of $2.5 million, or $0.02 per share, for the first quarter of 2007 and GAAP net income of $1.8 million, or $0.03 per basic and diluted share, for the second quarter of 2006.
The Company's 2007 Q2 GAAP net income included a $3.1 million non-cash gain from revaluation of the Company's outstanding warrants previously issued to certain holders of the now retired convertible debentures to purchase approximately 4.2 million shares of common stock, and outstanding warrants previously issued to the landlord in a real estate buyout transaction to purchase 700,000 shares of common stock. GAAP requires that these warrants be "marked to market" at the end of each financial reporting period.
Pro forma net income for the second quarter of 2007 was $5.9 million, or $0.06 per basic and $0.05 per diluted share, compared with a pro forma net income of $5.4 million, or $0.05 per basic and diluted share, in the first quarter of 2007 and a pro forma net income of $1.9 million, or $0.03 per basic and diluted share, in the second quarter of 2006. These pro forma results exclude restructuring charges, stock compensation expense under SFAS 123R, and revaluation of warrant liabilities. A reconciliation of these pro-forma figures to GAAP net income figures is included in a table on the attached financial statements. The Company believes its pro forma results provide useful information because they reflect the Company's financial performance excluding certain charges, credits, gains and losses that the Company believes are not indicative of its ongoing operations.
As of June 30, 2007, the company had a cash balance of $46.2 million, representing a $5.2 million, or 13%, increase over the March 31, 2007 balance of $41.0 million and a 25% increase from the year's starting cash position of $37.0 million, due primarily to positive cash flow generated from operations.
"Our team delivered yet another solid and profitable quarter. It's now been six straight quarters where we generated stable top line and impressive bottom line results with strong cash flows, demonstrating sustained progress in our turnaround efforts." said Dr. Pehong Chen, President and CEO, BroadVision. We will continue to focus on this execution plan as well as driving our new product suite including K(2) (Kona * Kukini)(TM) based Portal and Commerce, eMerchandising(TM), and CHRM(TM) into the worldwide market."
The Company formally introduced eMerchandising(TM) -- BroadVision's first commerce server agnostic product -- in June and received very positive market reactions. Furthermore, during the second quarter the Company recorded, for the first time, modest subscription and consulting revenues related to its new CHRM(TM) on-demand solution, which is scheduled to officially launch in Beijing on August 2, 2007.
Conference Call Information
BroadVision management will host a conference call today, Thursday July 26, 2007, at 2:00 p.m. PDT. The conference call may be accessed by dialing: 1-866-463-5401 pin code 497043#. Callers outside the North America should call 1-212-547-9857 to be connected. A web replay will also be available following the call on the company's website until it releases its second quarter 2007 financial results.
About BroadVision
Driving innovation since 1993, BroadVision is a global provider of e-business solutions. Our modular applications and agile toolsets, built on a robust framework for personalization and self-service, power mission-critical web initiatives that deliver unparalleled value to diverse customers worldwide. Hundreds of organizations, serving over 50 million registered users -- including Baker Hughes, BioRad Laboratories, Citibank, Finnair, Ferrari, Hilti, Iberia, ING Bank, Prime Polymer, Vodafone and Xerox -- rely on BroadVision as their platform of choice for e-business.
For more information about BroadVision, Inc., call 650.331-1000, email ir1@broadvision.com or visit www.broadvision.com.
BroadVision is a trademark or registered trademark of BroadVision, Inc. in the United States and other countries.
Information Concerning Forward-Looking Statements
Information in this release that involves expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which forward-looking statements involve risk and uncertainties. All forward-looking statements included in this release, including, but not limited to, BroadVision's continued execution in accordance with its strategic roadmap, are based upon information available to BroadVision as of the date of this release, and BroadVision assumes no obligation to update or correct any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from BroadVision's current expectations. Various factors and risks associated with BroadVision's business are discussed in its most recent annual report on Form 10-K and in BroadVision's quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission.
FULL SHEETS:
http://biz.yahoo.com/bw/070726/20070726006254.html?.v=1
welllllllllll, nice board Chu.