SPRD Shares of Spreadtrum Communications (NASDAQ: SPRD) traded at a new 52-week high today of $13.63. Approximately 307,000 shares have traded hands today vs. average 30-day volume of 1.2 million shares.
http://www.benzinga.com/press-releases/10/09/c488710/watch-for-continued-gains-in-shares-of-spreadtrum-communications-sprd

Hey, Charles, you're on a roll getting some action on this board!

Yes, my $3.85's now have company with some $4.20's, and maybe I'll even get more! The shares are hard to buy.....not much out there.

This ran to $5 or so awhile ago but this time it feels different, like 'no looking back'. Yeah, gotta love it!

Thanks for that...somehow missed that post of Ian's. I liked this section:
"Add it up and we like the risk/reward of entering the stock at current levels. With management owning 30% of the stock (by the way, the CEO does not take a salary, but instead takes his compensation in stock options) and only 13 million of the 24 million fully diluted shares freely traded, the float is extremely thin. In addition, the stock trades on the Bulletin Board, a big pet peeve of ours. Unfortunately, this will be something we will have to live with until the stock gets an up-listing later this year/early next.On a final note, the stock’s current technical level suggests that a new up-leg may have just begun. After presenting at ThinkEquity’s conference on Thursday afternoon, QPSA saw a noticeable jump in volume on Friday."
http://iancassel.com/wp-content/uploads/2010/09/Inflection-Point-QPSA.pdf

I wonder if recent increase in volume and price is from QPSA participation at the Think Equity Conference on 9/15......whatever, I like it.

ThinkEquity 7th Annual Growth Conference
September, 15, 2010
The Sofitel
45 West 44th Street, New York, NY
Speaker John Abbott, Chairman and Chief Executive Officer

Bullish Motley Fool article
http://www.fool.com/investing/high-growth/2010/09/15/rackspace-can-beat-google-and-facebook.aspx

SAN ANTONIO--(BUSINESS WIRE)--Rackspace® Hosting (NYSE: RAX - News), the world’s leading specialist in the hosting and cloud computing industry, today announced the addition of David Kelly as senior vice president, International, to lead the business in Europe, the Middle East, Africa and Asia. Rackspace has been growing and hiring top executives from industry leaders like Dell, Vignette, Yahoo, eBay, and Zappos over the past year.

Kelly, an online authority following his role as COO at lastminute.com as well as COO of eBay Europe and Amazon’s Operations Director, joins Rackspace from mydeco, which he co-founded and grew to sell over five million products from 2,000 retailers, including Marks & Spencer, John Lewis and specialists like Graham and Green.

“I’m thrilled to join Rackspace during its current meteoric rise. Having been a Rackspace customer at mydeco, recently launched in the United States, I admired both the concept and execution of the Fanatical Support so much that I couldn’t pass up the opportunity to join the company,” said Kelly. “Rackspace has big ambitions and equally large potential, having grown sales even during the last recession. We have some exciting developments on the horizon, including the launch of the first UK cloud infrastructure and continuing our customer service excellence.”
Kelly’s role will include involvement in the overall management of the company, using his vast online experience to help drive business growth internationally as well as oversee Rackspace’s drive to take on the likes of Google and Amazon in the cloud arena.

“The International market is growing rapidly, so this is a strategically important appointment for us. With David’s experience and impressive track record in business development, as well as his visionary leadership, we are confident we can grow the business and continue to deliver industry leading solutions to meet customer demands,” said Lanham Napier, president and chief executive officer of Rackspace.

Kelly is replacing the previous head of Rackspace’s European business, Brian Thomson. Thomson, who will now serve as vice president, corporate development for the US operations, will be relocating to the company’s headquarters in San Antonio and will be focused on corporate development efforts and support for the OpenStack initiative.
http://finance.yahoo.com/news/Rackspace-Appoints-New-Head-bw-3847409767.html?x=0&.v=1

gimme' a break.... !!!!!!

NEP: no, still halted
http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts

Thanks very much. Was that a response sent to the Spokesman Review or printed elsewhere?

He has to pull his answer out of his Sfinkter....could take awhile.

Ian, I know you place very high regard on quality of managment personnel in your investments, and I'm interested in knowing your 'take' on the CEO's reputation and this:
http://www.spokesman.com/stories/2010/aug/15/shady-games-catch-up-to-saucier/
Thanks for your thoughts.

http://biz.yahoo.com/e/100901/nep10-k_a.html

niloc... re:SPRD up nicely on great volume. It's in my 'top ten' as well.

The volume of shares traded today was huge for ZAGG. Wow.

NEP That site has shown the halt as T1 since May. It was halted by AMEX back then due to non compliance.

no, NEP still halted on Aug 20th, check this site.

http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts

Now, that's funny!

BSPM: They released their 10Q last week. The market is just getting around to reading it today?
http://biz.yahoo.com/e/100813/bspm10-q.html

Independent director, chair of the audit committee resigned August 8th. On August 9th a new Director and Chair of the audit committee was announced.
---------------------------
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On August 8, 2010, Mr. Robert Bruce provided China North East Petroleum Holdings Limited (the “Company”) written notice of his decision to resign from the board of directors and his position as chair of the audit committee of the board of directors, effective immediately. Mr. Bruce’s resignation is the result of a disagreement with the Company, the bases of which are set forth in his resignation letter which is filed herewith as Exhibit 17.1.


The Company has provided Mr. Bruce with a copy of the foregoing disclosure and requested that Mr. Bruce provide the Company with a letter addressed to the Securities and Exchange Commission stating whether he agrees with the statements made by the Company in response to this item.


On August 9, 2010, the board of directors of the Company appointed Mr. Yau-Sing Tang as a director of the board of director the Company and chair of the audit committee of the board of directors effective immediately.


Mr. Tang is the Chief Financial Officer and Controller of China Agritech, Inc. which is listed on NASDAQ Global Market under the symbol “CAGC,” and has served in that capacity since October 22, 2008. Prior to that from April 2008 to September 2008, Mr. Tang was the director of AGCA CPA Limited, a CPA firm in Hong Kong. From August 2006 to March 2008, Mr. Tang served as financial controller of Carpenter Tan Holdings Ltd., a company listed on The Stock Exchange of Hong Kong Limited. Prior to that, he was the founder and managing director of AGCA CPA, Limited from January 2006 to July 2006. From April 2003 to December 2005, he was executive director and chief financial officer of China Cable & Communication, Inc., which is quoted on the Pink Sheets under the symbol CCCI.PK. Mr. Tang received his Bachelor of Social Sciences (Honors) degree from the University of Hong Kong in 1986. He is a fellow of the Association of Chartered Certified Accountants in the U.K. and the Hong Kong Institute of Certified Public Accountants. He is also a member of the Institute of Chartered Accountants in England and Wales and the Taxation Institute of Hong Kong.


Mr. Tang will receive the standard compensation package offered to non-employee directors of the Company for his services. The compensation package consists of (i) cash compensation of $25,000 per year and (ii) $1,000 per board meeting attended and $5,000 per meeting attended in person for directors residing outside of Jilin or Heilongjiang Provinces of China and (iii) option to purchase up 20,000 shares of the Company’s common stock. In addition, Mr. Tang will receive an annual cash compensation of $5,000 for his service as the chair of the audit committee of the board of directors.

BEIJING (AP) Joe Mcdonald, AP Business Writer, On Wednesday August 11, 2010, 7:05 am EDT
-- China's industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy to shore up its economic expansion.

Inflation spiked to its highest level this year as summer flooding wrecked crops but analysts said the increase will likely prove temporary.

The government data Wednesday added to signs China's boom is cooling and fed expectations Beijing needs to reverse course after imposing lending curbs this year to prevent a bubble in stock and real estate prices.

"This tells us economic growth is continuing to slow," said economist Zhu Jianfang of Citic Securities in Beijing. "If they don't make changes, the economy will see a danger of further sliding."

Economic growth slowed from a blistering 11.9 percent in the first three months of the year to 10.3 percent in the second quarter as Beijing rolled back its stimulus after China rebounded quickly from the global slump. Chinese leaders say they want to steer growth to a more sustainable level, but the slowdown was sharper than many analysts expected.

A further fall in Chinese growth could have global repercussions if it hurts demand for U.S. and European factory equipment, industrial components from Asian economies and iron ore and other raw materials from Australia, Brazil and elsewhere.

July growth in factory output slowed for a fifth month to 13.4 percent over a year earlier, its lowest level this year. Retail sales and investment in factories and other fixed assets also slowed.

The consumer price index, or CPI, rose 3.3 percent over a year earlier, its fastest rate this year as summer flooding wrecked crops and disrupted shipping. The jump was driven by a 6.8 percent surge in food costs.

But analysts expect inflation to fade quickly.

"July's CPI reading is likely to mark the high point for the year," said Tom Orlik, an analyst for Stone & McCarthy Research Associates, in a report. "With price pressures set to fade, the government will be free to focus on supporting growth."

A statistics bureau spokesman said the declines in economic indicators for July were "not big" and could be positive for official efforts to improve China's economic efficiency. He gave no sign the government plans to change policy.

"The fall in economic indexes is mainly a result of the government's active macro-controls," said the spokesman, Sheng Laiyun, at a news conference. "Appropriate declines in economic growth are helpful to prevent overheating, and also are good for accelerating economic structural changes."

Beijing wants to reduce reliance on exports and investment to drive growth by boosting domestic consumer spending and developing technology and service industries. But millions of jobs still depend on export-driven manufacturing and construction.

Private sector economists have lowered forecasts of China's growth this year due to the credit curbs but say it easily should meet the government's target of 8 percent.

The slowdown could complicate moves by Beijing to allow China's currency, the yuan, to rise in value. China said in June it would allow a more flexible exchange rate after holding the yuan steady against the dollar since late 2008. But as demand at home weakens, officials will face pressure from exporters and their allies in government to avoid any steps that might make Chinese goods more expensive abroad.

Growth in spending on factories, real estate and other fixed assets in the first seven months of the year fell to 24.9 percent, down from 25.5 percent for the first half, the National Bureau of Statistics reported.

Retail sales rose 17.9 percent, down from 18.2 percent growth for the first half of the year.

Demand for steel, cement and other building materials has faded as Beijing winds down its 4 trillion yuan ($586 billion) stimulus, which pumped money into the economy through higher spending on building public works.

An array of other indicators from manufacturing orders to auto sales also show growth steadily declining.

July housing prices held steady from June levels in a sign the government's lending curbs were working. But that easing has come at the cost of a slump in sales and construction.

The curbs have sharply cut bank lending. The central bank reported Wednesday that total lending by China's banks fell to 532.8 billion yuan ($78.7 billion), down nearly 12 percent from June's 603.4 billion.

Banks last year lent a record 9.6 billion yuan ($1.4 trillion), or an average of 800 billion yuan per month, under orders to support Beijing's stimulus.

Also in July, growth in exports fell to 38.1 percent from June's 43.9 percent. Australian miners and other companies that have enjoyed a windfall from Chinese demand have warned that their sales growth will slow.

Manufacturing also is under pressure from a government mandate to improve energy efficiency. The government this week ordered 2,087 steel and cement mills and other factories that are deemed too wasteful to close by the end of September.

Associated Press researcher Bonnie Cao contributed to this report.

National Bureau of Statistics (in Chinese): http://www.stats.gov.cn

Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, will provide a live listen-only webcast to update investors on the Company's progress following the filing of the Company's second quarter 10Q.
The conference call will take place at 1:00 PM. EDT on Wednesday, August 18, 2010. Quepasa senior management, led by Chairman and CEO John Abbott, will provide an overview and update of the Company's business.

Press Release Source: China MediaExpress Holdings, Inc. On Tuesday August 10, 2010, 4:05 pm
FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NASDAQ GS: CCME) (“CME” or “Company”), China’s largest television advertising operator on inter-city and airport express buses, today announced that it will issue its financial results for the three and six month period ended June 30, 2010, on Friday, August 13, 2010 before the stock market opens.
CME’s Founder & CEO, Zheng Cheng and CFO, Jacky Lam will host a conference call at 10:00 AM EDT on Friday, August 13th to discuss these results as well as recent corporate developments.

The dial-in numbers are:


(877) 241-7870 (US & Canada)


(281) 312-0045 (International)

Please call in 10 minutes before the conference call is scheduled to begin and ask for the China MediaExpress conference call. After opening remarks, there will be a question and answer period. The conference call will also be broadcast live over the Internet. To listen to the webcast, please go to www.ccme.tv or

http://investor.shareholder.com/media/eventdetail.cfm?eventid=83289&CompanyID=ABEA-3WTP6Z&e=1&mediaKey=761A92FA0816E8EB83B4B0EA40CA8AAC.

Please go to the website at least 15 minutes early to register, and download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at CME’s website. We suggest listeners use Microsoft Internet Explorer as their web browser.

SALT LAKE CITY--(BUSINESS WIRE)--ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com), a leading producer of mobile electronics accessories including the popular invisibleSHIELD™ and ZAGGaudio™ brands, today announced financial results for the second quarter and six months ended June 30, 2010.

•Revenue for Q2 2010 was a record $15.1 million versus $9.2 million for Q2 2009, and $8.8 million for Q1 2010. •Adjusted EBITDA for Q2 2010 was $3.5 million or $0.15 per share versus $2.1 million or $0.09 for Q2 2009, and $1.6 million or $0.07 per share for Q1 2010.
•Net income for Q2 2010 was $1.9 million or $0.08 per share versus $1.2 million or $0.05 for Q2 2009, and $0.8 million or $0.03 per fully diluted share for Q1 2010.
Financial Results

Revenue for Q2 2010 was $15.1 million, versus $9.2 million for Q2 2009, an increase of 64% from the same quarter in 2009. Revenue for the quarter was up sequentially due to strong online sales and growth in our current distribution channels.

Gross profit for Q2 2010 was $7.5 million, or 50% of sales, compared to $5.5 million, or 60% of sales for Q2 2009, and $4.9 million or 56% of sales for Q1 2010.

Net income for Q2 2010 was $1.9 million or $0.08 per share as compared to net income of $1.2 million or $0.05 per share for Q2 2009, and $0.8 million or $0.03 per share for Q1 2010.

“This quarter we benefited from new distribution channels, the introduction of popular new devices such as the iPad and the iPhone 4 from Apple and other new mobile device introductions as well as continued strength in our internet sales,” said Robert G. Pedersen II, President and CEO of ZAGG. “We continue to see strong demand for our products across all our existing channels and partners including Best Buy. Our newest channel partner, AT&T, has seen robust response to our products in their stores, and this will be an important relationship in our future growth strategy.”

Business highlights

During the second quarter, ZAGG announced a new distribution agreement with AT&T with the invisibleSHIELD Dry™ launching in all corporate AT&T locations in June 2010. Also during the quarter two new forms of personal electronics protection, ZAGG LEATHERskins™ and invisibleSHIELD Dry™, were introduced at the International CTIA WIRELESS show in Las Vegas, Nevada. LEATHERskins™ began shipping in early May, and invisibleSHIELD Dry™ began shipping in June 2010.

Adjusted EBITDA

ZAGG considers earnings before other income or expense; income tax provision or benefit; impairment losses; depreciation and amortization; and share-based compensation expense related to stock and stock options (“Adjusted EBITDA”) to be important financial indicators of the Company’s operational strength and the performance of its business. These results should be considered in addition to results prepared in accordance with generally accepted accounting principles (“GAAP”), but should not be considered as a substitute for, or superior to, GAAP results.

A reconciliation of the differences between Adjusted EBITDA and the most comparable financial measure calculated and presented in accordance with GAAP, is presented under the heading “Reconciliation of Non-GAAP Financial Information to GAAP” immediately following the Condensed Consolidated Statements of Operations included below.

The difference between Adjusted EBITDA per share, a non-GAAP measure, and GAAP EPS, is interest, income tax provision or benefit, depreciation and amortization, impairment losses, share-based compensation and other non-cash charges.

Adjusted EBITDA for Q2 2010 was $3.5 million or $0.15 per share versus $2.1 million or $0.09 per share for Q2 2009, and $1.6 million or $0.07 per share in Q1 2010.

Conference Call


•A conference call will be held today at 4:30 p.m. Eastern Time to review these results. Participants may access the call via the Internet at the event website and on the Company website at: www.ZAGG.com. The call will be available for replay for 30 days by dialing 1-877-660-6853 and entering account number 286 and call ID number 350415. A podcast of the event will also be available online or via Investor Calendar’s RSS feed.

For more information about ZAGG, please visit www.ZAGG.com,

Morgan Stanley raised its EPS estimates on shares of Rackspace Hosting through 2012 as increased contract volume and pricing should boost earnings at the company. In the report, Morgan Stanley maintains its overweight rating and increased its price target to $27 per share.
http://www.forbes.com/2010/08/10/upgrades-dgi-ess-rax-marketnewsvideo.html?partner=yahootix

OT:Federal Open Market Committee's Aug. 10 Statement on Economy: Full Text
http://www.bloomberg.com/news/2010-06-23/federal-open-market-committee-s-statement-on-u-s-rate-policy-full-text.html

SAN ANTONIO--(BUSINESS WIRE)--Rackspace® Hosting (NYSE: RAX - News), the world’s leading specialist in hosting and cloud computing, today announced the general availability of its Cloud Servers™ for Windows offering. The new service delivers a highly scalable environment ideal for Windows-based hosting, testing and developing applications and supporting the high levels of traffic required for launching online gaming platforms or the next social networking phenomenon.

Designed for small to medium businesses, .NET developers, system administrators, IT Pros, and current Rackspace customers, Cloud Servers for Windows features include:


•Custom configurations with full administrator access
•Ability to upgrade server size on-demand
•Add or delete servers on the fly
•Rescue mode
•Management via the Rackspace Cloud Control Panel and the Cloud Servers API
•Ability to add additional IP addresses
•Pay only for what you use with a utility payment model with hourly billing; no contracts or upfront costs
•Backups and Snapshots to Cloud Files™ (coming soon)
•Enterprise-class SLAs
•Support for a broad array of the latest Microsoft Windows Server Images including:
•Windows Server 2008 R2 Enterprise Edition 64-bit
•Windows Server 2008 Service Pack 2 Enterprise Edition 64-bit
•Windows Server 2008 Service Pack 2 Enterprise Edition 32-bit
•Windows Server 2003 R2 Service Pack 2 Enterprise Edition 64-bit Windows Server 2003 R2 Service Pack 2 Enterprise Edition 32-bit

“Microsoft is committed to delivering a broad set of enterprise-ready products and services that build on the existing capabilities and skill sets of service providers like Rackspace,” said John Zanni, general manager of Worldwide Hosting for the Communications Sector at Microsoft Corp. “As a long time partner of one of the industry’s top cloud hosting providers, we are excited that Rackspace’s Cloud Servers for Windows offering has exited beta and is now available to the thousands of businesses that have built their infrastructure around Microsoft Windows and Microsoft .NET technologies.”
SpaBooker, a SaaS scheduling and point-of-sale (POS) application specifically designed for the spa, salon and wellness industry, utilizes Rackspace's hybrid solution by using managed dedicated servers in addition to their cloud computing solution, Cloud Servers for Windows. Daniel Lizio-Katzen, SpaBooker Managing Director, states: “When we set out to look for a cloud computing solution, we didn’t hesitate to look at Rackspace Cloud first as we’ve been very pleased with the high level of support received from their managed dedicated servers. Rackspace Cloud Servers has been the ideal solution to separate our actual application from our public facing website. We currently have our entire staging environment running on the Cloud Servers for Windows Beta and the overall ease of use has been phenomenal. The cost savings compared to traditional dedicated hosting are also substantial.”

“We’re constantly looking for ways to increase the flexibility and choice customers can find with Rackspace. After several months of successful beta testing with hundreds of customers, we’re excited to remove the beta label and offer Cloud Servers for Windows to the market,” said Pat Matthews, VP and GM of Cloud Hosting, Rackspace. “We believe this product will be attractive to new Rackspace customers as well as those we are already serving.”
The service provides a full suite of features supported by the industry’s leading Service Level Agreement (SLA) and Rackspace’s hallmark customer service, Fanatical Support®. Pricing currently begins at $0.08 an hour for 1GB RAM and 40GB disk.

For more information on Cloud Servers for Windows please visit: http://www.rackspacecloud.com/windows

http://finance.yahoo.com/news/Rackspace-Hosting-Announces-bw-2460388240.html?x=0&.v=1

Price has sure popped (on low volume) with this news. I was waiting to see price dip under $3 again to start a position. Today's PR seems to have thrown a wrench in that plan!

Link to Ian's site where you can click headline to read full report on QPSA by Ladenburg Thalmann.....reiterates buy with $9 target.
http://iancassel.com/2010/08/10/quepasa-corp-qpsa-ladenburg-thalmann-reiterates-buy-rating-9-price-target/
(Thanks, Ian)

These China companies that don't keep their web/investor material updated drives me nuts. BSPM's 'officers and directors' page still lists Elaine Zhao as CFO, when she resigned June 30th. There's been plenty of time to update their site.
http://www.ir-site.com/Biostar/directors.asp

XIANYANG, China, July 6 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (Nasdaq: BSPM) ("Biostar" or "the Company"), the Xianyang-based manufacturer of a leading over-the-counter Hepatitis B medicine, Xin-Aoxing Oleanolic Acid Capsule, and other pharmaceutical products, today announced that Mr. Deyin "Bill" Chen has been appointed Chief Financial Officer, effective July 1, 2010. Mr. Chen replaces Ms. Elaine Zhao, who resigned effective at the close of business on June 30, 2010.
http://markets.financialcontent.com/ir/?Module=MediaViewer&GUID=13731458&Ticker=BSPM

The worst of the bunch is NEP's site.

Rackspace Hosting Reports Second Quarter 2010 Results
For the quarter ended June 30, 2010:

Net revenue of $187.3 million grew 23.2% year-over-year and 4.8% from Q1 2010
Adjusted EBITDA (1) of $62.2 million grew 29.2% year-over-year and 4.7% from Q1 2010
Achieved adjusted EBITDA margin of 33.2%, up from 31.7% year-over-year and in-line with Q1 2010
Net income of $11.2 million grew 60.2% year-over-year and 14.1% from Q1 2010
Generated $15.4 million of Adjusted Free Cash Flow for the quarter and $16.9 million for the first six months of 2010
http://finance.yahoo.com/news/Rackspace-Hosting-Reports-bw-1006475896.html?x=0&.v=1

Biostar Pharmaceuticals, Inc. to Host Fiscal Year 2010 Second Quarter Earnings Conference Call on Tuesday, August 17, 2010

Press Release Source: Smith Micro Software, Inc. On Wednesday August 4, 2010, 4:05 pm
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ:SMSI), a leading developer and marketer of software solutions and services for the mobility market, today reported financial results for its 2010 second quarter ended June 30, 2010.

“Smith Micro had an exceptional quarter with another solid financial performance, as we delivered the highest quarterly revenue results in the Company’s history,” said William W. Smith Jr., President and CEO of Smith Micro Software. “Our wireless and mobility unit continued to be the strong growth driver for the Company as revenues increased 33% over last year, and we saw strength across all products categories within this business segment.”

Mr. Smith continued, “In addition to achieving solid revenue growth and strong earnings, we continued to build a market leading mobile software portfolio designed to help us meet the demand for mobile broadband services in the coming years. We are delivering results today while investing in the future and we are confident in the opportunities we see ahead.”

Smith Micro reported record revenues of $31.4 million for the second quarter ended June 30, 2010, a 21% increase over the $26.0 million reported in the second quarter ended June 30, 2009.
2010 second quarter gross profit on a GAAP basis of $27.4 million increased $5.3 million, or 24%, from the second quarter ended June 30, 2009. On a non-GAAP basis (which excludes amortization of intangibles, stock compensation and non-cash tax expense), 2010 second quarter gross profit was $28.9 million, an increase of $5.6 million, or 24%, from the same quarter last year.

GAAP gross profit as a percentage of revenue was 87.4% for the second quarter of 2010, compared with 84.9% for the same quarter last year. Non-GAAP gross profit as a percentage of revenue was 92.3% for the second quarter of 2010, compared to 89.7% for the same quarter last year.

GAAP net income for the second quarter of 2010 increased to $1.9 million or $0.05 per diluted share, compared to a GAAP net income for the second quarter of 2009 of $1.3 million, or $0.04 per diluted share.

Non-GAAP net income for the second quarter of 2010 increased 23% to $6.8 million, or $0.20 per diluted share, compared to $5.6 million, or $0.17 per diluted share, reported in the second quarter of 2009.

Fully diluted weighted average common shares outstanding as of June 30, 2010 were 34.8 million compared to 33.0 million weighted average common shares outstanding as of June 30, 2009.

For the six months ended June 30, 2010, the Company reported revenues of $61.2 million, a 23% increase from $49.8 million for the six months ended June 30, 2009.
GAAP gross profit of $53.5 million increased $12.2 million, or 30%, for the six months ended June 30, 2010 compared to $41.3 million for the six months ended June 30, 2009. The increase in gross profit was primarily due to improved product margins resulting from a more favorable product mix.

Non-GAAP gross profit (which excludes amortization of intangibles, stock compensation and non-cash tax expense) was $56.6 million for the six months ended June 30, 2010, an increase of $12.8 million, or 29%, from the same period last year.

GAAP net income for the six months ended June 30, 2010 was $3.5 million, or $0.10 per diluted share, compared to a GAAP net income for the six months ended June 30, 2009 of $1.6 million, or a $0.05 per diluted share. Non-GAAP net income for the six months ended June 30, 2010 increased 35% to $13.0 million, or $0.38 per diluted share, as compared to $9.6 million, or $0.30 per diluted share, for the six months ended June 30, 2009.

Total cash, cash equivalents, and short-term investments have increased $9.0 million during the first six months of the year to $54.8 million.

The Company uses a non-GAAP reconciliation of gross profit, profit before taxes, net income and earnings per share in the presentation of financial results in this press release. Management believes that this presentation may be more meaningful in analyzing our income generation, since amortization of intangibles from acquisitions, stock-based compensation, and non-cash tax expense are excluded from the non-GAAP earnings calculation. This presentation may be considered more indicative of our ongoing operational performance. The tables below present the differences between non-GAAP earnings and net income on an absolute and per-share basis. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and the non-financial measures as reported by Smith Micro Software may not be comparable to similarly titled amounts reported by other companies.

Financial Guidance:

Smith Micro Software is reiterating its previous guidance for fiscal year 2010 of revenue of $125 million to $135 million.

China Yida Announces Renewal of FETV Management Contract for an Additional Five-Year Term


Press Release Source: China Yida Holding Company On Wednesday August 4, 2010, 9:00 am
FUZHOU, China, Aug. 4 /PRNewswire-Asia-FirstCall/ -- China Yida Holding Company (Nasdaq:CNYD - News) ("China Yida" or the "Company"), a leading diversified entertainment enterprise in China, today announced that Fuzhou Fuyu Advertising Co., Ltd. ("Fuyu"), the Company's wholly owned subsidiary, entered into a Fujian Education Television Channel management agreement (the "Management Agreement") with Fujian Education Media Limited Company ("Fujian Education Media"), a wholly owned subsidiary of Fujian Education Television Station, to allow Fuyu to operate the Fujian Education TV Channel ("FETV") for a five-year term, from August 1, 2010 to July 31, 2015 ("Management Period"), with the initial three years from August 1, 2010 to July 31, 2013 as phase 1 (the "Phase I") and the remaining two years from August 1, 2013 to July 31, 2015 as phase 2 (the "Phase II").

Pursuant to the Management Agreement, during the Management Period, Fuyu shall have the full management rights to provide FETV with programming and content management services, and to re-sell all FETV advertising airtime at an annual payment of RMB 12.0 million (approximately USD $1.76 million) for the first year, which will increase by 20% per year for each of the subsequent four years. In August 2013, Fuyu and Fujian Education Media will conduct a full review of their cooperative relationship, and the Management Agreement will automatically move on to Phase II provided that there is no action of violation or breach of the Management Agreement. Most of the other terms in the Management Agreement have remained unchanged from the last agreement entered into by FETV and Fujian Jiaoguang Media Company in 2003.

The Company has structured the new agreement to ensure that Fuyu, China Yida's wholly owned subsidiary, will have direct ownership of the FETV management rights, rather than management rights through its previous contractual arrangements with Fujian Jiaoguang Media Company. China Yida management believes that this new legal structure will strengthen the business ties between the offshore public holding company and its PRC onshore operating subsidiaries.
"We are happy to renew the management contract with Fujian Education Media for an additional five years. We are appreciative of all of their efforts to support our business during the past seven years, by providing hardware and software tools, coordinating broadcasting, offering expert opinion on program content and allowing our airtime sales team to reach out to the market on behalf of Advertising Department of the Fujian Education Television Channel. We have leveraged the FETV assets to produce high quality TV programming focused on tourism, and have successfully promoted our own tourist attractions while branding the FETV station around the tourism theme to create a network of potential partners for our tourism business, including hotels, travel agents, and entertainment resorts. Going forward, we will continue our efforts to deliver high quality TV programs to the Fujian Province audience, creating value for our clients, our employees and our shareholders, while at the same time fulfilling our social responsibilities. We will also continue to look for additional media acquisition opportunities to enhance the synergy between tourism and media," commented Dr. Minhua Chen, China Yida's Chairman and Chief Executive Officer.

About Fujian Education Media

Fujian Education Media Limited Company is a wholly owned subsidiary of Fujian Education Television Station responsible for the production, purchasing and sales of FETV's programs. It is legally authorized to market and sell FETV's advertising airtime.

About China Yida

China Yida is a leading diversified entertainment enterprise focused on China's fast-growing media and tourism industries and headquartered in Fuzhou City, Fujian province of China. The Company's media business provides operations management services; including channel, column and advertisement management for television station, presently the Fujian Education Television ("FETV", a top-rated provincial education television channel), and "Journey through China on the Train" (an advertisement-embedded travel program, currently the only on-board media program from third party authorized by Ministry of Railways). Additionally, the Company provides tourism management services, and specializes in the development, management and operation of natural, cultural and historic scenic sites. China Yida currently operates the Great Golden Lake tourist destination (Global Geopark, including Golden Lake, Shangqing River, Zhuanyuan Rock, Luohan Mountain and Taining Old Town.), Hua'An Tulou tourist destination (World Culture Heritage, including Dadi Tulou cluster and the Shangping Tulou cluster), China Yunding tourist destination (National Park, including Colorful Rock Valley, Yunding Paradise, Yunding Waterfall, South Heavenly Mountain, and Seven Star Lake), the Ming Dynasty Entertainment World, China Yang-sheng (Nourishing Life) Paradise and the City of Caves. The Company's operating scenic sites are over 300 square kilometers in the area. For further information, please contact the Company directly, or visit its Web site at http://www.yidacn.net .

OT: Facebook May Postpone IPO to 2012: Report
http://abcnews.go.com/Business/wireStory?id=11285646

Canaccord comments today posted on yahoo board.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_D/threadview?m=te&bn=60456&tid=7321&mid=7321&tof=5&frt=2#7321

Looks like there's a new site 'under construction'.........
http://www.ccme.tv/en/index.aspx

Well, how screwed up is everything if they still require six more weeks?
And, how likely is it that AMEX will grant them the extension request?
If AMEX does not allow more time to regain compliance, does NEP start trading OTC/pinks.....what a disaster that will look like in share price!

Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced the launch of 'SnapMeUp,' a popular social game developed by Viximo, a leading provider of virtual goods solutions and applications.

'SnapMeUp' is the ultimate marriage of online flirting and social gaming. Quepasa players can find fame and fortune by buying, selling and trading photos of their friends with other people on the site. Some will become tycoons by mastering the art of buy low/sell high and others will find validation as the hottest person on the market.

"We're excited about how the Quepasa audience is responding to 'SnapMeUp'; while it's been on the site for less than two weeks, 'SnapMeUp' is already one of the most popular apps on Quepasa," said Dale Strang, president and chief executive officer of Viximo. "Both conversion and revenue per user data are tracking ahead of our expectations and the conversion of free users to paying users is one of the best we have seen so far across our publisher base. As a result, we are accelerating plans to launch additional titles on Quepasa, including new titles -- Texas Hold'em Poker and War Metal -- in the near future."
"Our users are showing tremendous enthusiasm for 'SnapMeUp,'" said John Abbott, chief executive officer of Quepasa. "We have already seen rapid adoption amongst our users even though we have yet to launch Spanish and Portuguese versions of the application or promote the availability of this application to our registered user base of 15 million Latinos."

In the coming months, Quepasa plans to release several additional social games through their relationship with Viximo as well as open up their platform to third party social game developers to launch additional social games on Quepasa.com.

Good point on the instant nature of a filing to the SEC.
Yeah, it isn't looking too good now, is it?

I don't think the ship is going to sink, but what do I know.

I do know the board announced the independent director "effectively immediately" on June 28th, but the filing was done on July 2. Also, earlier in this saga, NEP reported on June 18 that the listing compliance plan had been accepted on June 15. We seem to get the news releases well after the fact.

NEP was able to submit it's compliance plan on time, and provided additional info to that plan on June 6, before the deadline of June 8.

So, I'm hopeful.