Evolving.
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12/19 8-K talks about cost savings, also:
URI plans to file a registration statement on Form S-8 with the Securities and Exchange Commission to register the 1.5 million shares of common stock available for issuance under the shareholder-approved 2007 Restricted Stock Plan. Under the registration statement, 70,000 shares have been issued to date since the plan was approved in July 2007.
In case you didn't know, appears ADH is going to be delisted.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6295854
Wow, CRGI went through the ROOF. Wish I had some LOL.
More good news - my other portfolio shows that if I bought 20,000 shares of every stock on the original list, I would be up over $2,800!
This board is a resounding success! We may see dips in the future, but overall this is a really good place to be!
STATUS REPORT - My QuoteTracker portfolio shows that if I had bought 1,000 shares of every stock on the 2nd list, I would be up over $1,000!!!
CONGRATULATIONS!!!!!!!!!
Kudos to you both. It's easy and politically correct / beneficial to be a mod on a board that is rising, where everyone is happy. To be a mod on a board that is not having the best news, where some posters are unhappy, well that takes a special kind of devotion and class. Good luck to you both, and I think you should get a big thank you....so thank you!
I am GEARing up for this one - already have some, and an order in for more
See, you typed PURO in one of your posts, that is why you were spanked LOL. I still think it was a typo.
KEM news
KEMET CORP (U-KEM) - News Release
KEMET Announces Cost Saving Initiatives
2008-12-22 09:00 ET - News Release
GREENVILLE, S.C., Dec. 22 /PRNewswire-FirstCall/ -- KEMET Corporation announced today that it is taking several initiatives to minimize the impact of the downturn in the world economy. The Company currently expects that net sales, excluding the wet tantalum assets which were sold in September 2008, will decline approximately fourteen to seventeen percent in the third fiscal quarter ending December 31, 2008, as compared to the second fiscal quarter ended September 30, 2008. Accounting for currency exchange rates, primarily the Euro, the decline is approximately nine to twelve percent. Previously, the Company indicated an anticipated decline of approximately seven percent.
The Company is eliminating approximately 1,500 manufacturing jobs representing approximately 14% of the Company's total workforce. The job reductions will begin immediately and be completed by mid-January 2009. The total cost savings from these actions will be approximately $4.0 million per quarter or $16.0. million annually. There will be a one time implementation charge of approximately $2.0 million which will be accounted for in the current fiscal quarter, ending December 31. As sales volume returns to more normal levels, these manufacturing positions will be re-staffed, where prudent, with contract labor.
Additionally, to adjust inventories to match reduced customer demand and to maximize available cash, the Company will extend its normal holiday plant shut-down schedules at many of its manufacturing facilities between December 23, and January 5, 2009. The Company will continue to ship product from existing inventories during this period.
"It is imperative that in this time of worldwide economic slowdown we match our costs to the reality of our current market environment," said Per Loof, KEMET's Chief Executive Officer. "We are taking immediate actions to maximize cash flow by continuing to reduce costs, working capital, and capital expenditures. We took aggressive actions to reduce costs earlier this year, and started realizing benefits in our second quarter as well as early within this current quarter. Regardless of these encouraging results, we cannot ignore the reduction in our sales volume that we are experiencing due to the current economic environment. We must and we will keep our costs in line with our revenue. Our goal remains steadfast to bringing KEMET back to profitability as quickly as possible," continued Loof.
The Company also announced, where possible, that it will impose a ten percent reduction in pay for all salaried employees effective January 1, 2009, excluding those on a commission based salary. To implement this action, negotiations are underway with all labor unions where employees are represented by collective bargaining agreements. In the U.S., the Company will also temporarily suspend its 401(k) matching percentage, reducing it from six to zero. Permanent reductions will also be made in several retiree benefit programs. Salary reductions for affected employees are expected to be restored when the financial performance of the company returns to acceptable levels. There is no implementation cost associated with the salary and benefits reductions. Savings from these initiatives will be approximately $1.0 million per month.
Total cash savings to the Company from all of these initiatives will be approximately $7.0 million per quarter commencing in February 2009, after severance expenses are paid in January 2009.
For more information on the Company and these initiatives please see the message to KEMET Stakeholders from Per Loof on Kemet.com.
KEMET Corporation (KEM) applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM. Additional information about KEMET can be found at http://www.kemet.com .
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
Certain statements included herein contain forward-looking statements within the meaning of federal security laws about KEMET Corporation (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets, in which the Company operates, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "believes," "estimates," variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.
Factors that may cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements include, but are not necessarily limited to, availability, sourcing and pricing of raw materials, pressures on sales prices and volumes due to competition and economic conditions, reliance on and financial viability of significant customers, operating performance of joint ventures, alliances and other equity investments, technological advancements, employee relations, changes in construction spending, capital expenditures and long-term investments (including those related to unforeseen acquisition opportunities), continued availability of financial resources through financing arrangements and operations, outcomes of pending or threatened legal proceedings, negotiation of new or modifications of existing contracts for asset management and for property and equipment construction and acquisition, regulations governing tax laws, other governmental and authoritative bodies' policies and legislation, and proceeds received from the sale of assets held for disposal. In addition to these representative factors, forward-looking statements could be impacted by general domestic and international economic and industry conditions in the markets where the Company competes, such as changes in currency exchange rates, interest and inflation rates, recession and other economic and political factors over which the Company has no control. Other risks and uncertainties may be described from time to time in the Company's other reports and filings with the Securities and Exchange Commission.
QTM news
SOURCE: Quantum Corporation
Dec 22, 2008 08:00 ETQuantum to Present at Needham & Company 11th Annual Growth Stock ConferenceHighlighted Links
Quantum Press Releases
Quantum.comSAN JOSE, CA--(Marketwire - December 22, 2008) - Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that it will be presenting at the following conference:
Needham & Company 11th Annual Growth Stock Conference
Event Date: Thursday, Jan. 8, 2009
Start Time: 8:30 a.m. EST
Location: The New York Palace Hotel
New York, NY
Webcast: A live and archived audio webcast of the
company's presentation will be available on the
Investor Events section of Quantum's corporate Web
site at www.quantum.com/investors.
About Quantum
Quantum Corp. (NYSE: QTM) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum and the Quantum logo are trademarks of Quantum Corporation registered in the United States and other countries. All other trademarks are the property of their respective owners.
Contact:
Marilyn Keys
Investor Relations
Quantum Corporation
(408) 944-4450
Email Contact Click here to see all recent news from this company
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IFX news
STOCKS NEWS Reuters Results diary
Stocks on the move Real-time Equity News
07:46GMT 22Dec2008-Infineon seen up after rescue of Qimonda unit
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Shares in German semiconductor manufacturer Infineon are indicated 22.7 percent higher, according to premarket data from Lang & Schwarz, after its ailing Qimonda unit ensured its survival for the time being with a 325 million euro loan and the option to tap into federal aid.
"The trading volumes are already quite significant," a local trader says.
Infineon, which owns 77.5 percent in Qimonda and is trying to sell off the unit, agreed on Sunday with the German state of Saxony a rescue package with the help of an unnamed investment bank in Portugal, where Qimonda has its second European plant.
UIS news
Belgian ACV/CSC extends contract with Unisys
Mon. December 22, 2008; Posted: 05:56 AM
Dec 22, 2008 (TELECOMWORLDWIRE via COMTEX) -- UIS Unisys Corporation (NYSE:UIS), an information technology services and solutions company, announced on Friday (19 December) that its Belgian subsidiary has received a five-year extension to its contract with the Belgian Christian Trade Union Algemeen Christelijk Vakverbond (ACV) / Confederation des Syndicats Chretiens (CSC).
Under the terms of the new agreement, the company has installed a Unisys ClearPath Libra Model 690 mainframe-class server to help the union reduce costs and increase the productivity of 3,300 users in 21 local unions, 260 service centres and 12 sectorial unions across Belgium.
According to the company, the ClearPath system hosts the organisation's two main applications, which calculate unemployment allowances and manage membership. Since the system's implementation in October 2008, processing speed at ACV/CSC has increased by 50% and general levels of system reliability and availability have been enhanced.
The ClearPath Libra Model 690 uses metering, a pay-for-use technology, which allows the trade union to handle dynamically changing workloads economically by providing maximum system capacity during peaks, while reducing costs when system usage is low. This capability allows clients to pay for the exact amount of processing power they use as they use it.
The new mainframe at ACV/CSC can operate as part of a Service Oriented Architecture (SOA) and is integrated with other systems across the organisation, including its Web Services. In addition to purchasing the new ClearPath server, the union has installed new EMC Symmetrix systems that complement the storage systems it has retained.
No financial details were disclosed.
Comments on this story may be sent to tww.feedback@m2.com
For full details on Unisys Corp (UIS) click here. Unisys Corp (UIS) has Short Term PowerRatings of 5. Details on Unisys Corp (UIS) Short Term PowerRatings is available at This Link.
Learn Which Are The Best Stocks to Trade Today
Might be a mistake - Cyclone originally posted about PINR, RHINO replied about PINR, then Cyclone replied to the PINR post, agreeing with RHINO, but posted PURO.....I think he really meant to continue the post thread about PINR.
CHTR news
Fox Business Network Expands Reach Via New Pact with Charter Communications
Mon. December 22, 2008; Posted: 01:23 AM
Fox Business Network (FBN) has signed a deal with Charter Communications to expand its presence in the Midwest and Northeast regions to nearly 200,000 homes, announced Tim Carry, the network's senior vice president of affiliate relations.
As of December 17, FBN has been added to the digital tier on Charter Cable which will extend the network's presence in Boston; Hartford, Conn.; Springfield, Mass.; Minneapolis, Minn.; Lincoln, Neb., and Duluth Superior, Minn.
In making the announcement, Carry said, "Charter has been an instrumental partner in helping to launch FBN and we're excited to expand our distribution with them adding new subscribers from the Northeast and Midwest."
FBN recently announced a deal with Cox Communications to launch in nearly 2 million homes by January 1st. Both new deals bring FBN's total distribution to more than 45 million homes. Charter Communications is the third-largest publicly traded cable operator in the U.S. and serves approximately 5.6 million customers in 28 states.
Easy....I think there is a misunderstanding. I have seen Masontrend post charts for folks all over IHUB. He is personmarked by over 500 people and they appear to appreciate the charts. It appears that the source of the chart is unavailable, hence instead of a chart, you get the box. I have seen that a few times - e.g., when a symbol gets an "e" for not filing, the box can no longer find the symbol. I realy don't think anything negative about the company was intended.
See post 247 - news does not look good.
BKUNA news
Another bank teeters on failure’s brink BankUnited struggles to raise needed capital
BRIAN NEILL - bneill@bradenton.com
Officials with the holding company for BankUnited said they expect to lose at least $327 million in the current quarter and desperately need to raise cash to survive.
Financial conditions are so poor at BankUnited that officials were unable to submit a fiscal year-end report to the Securities and Exchange Commission.
“Continuing adverse market conditions and the complexity of accounting and disclosure issues has increased the need for additional review and analysis of our business including, without limitation, regulatory issues, liquidity and capital,” officials with BankUnited Financial Corp. wrote the SEC on Dec. 16.
Officials with the bank’s holding company said they are working to raise capital and are under regulatory order to do so.
BankUnited officials in their statement to the SEC said negotiations are underway with a fund to raise capital, If those negotiations are unsuccessful “there is substantial doubt about our ability to continue as a going concern,” bank officials wrote.
Like many other banks in Florida, BankUnited owes its financial condition to overaggressive lending in the state’s booming real estate market, which hit its peak around 2006.
Forty-three percent of BankUnited’s residential loans were made to borrowers who merely had to state what their income was, according to the bank’s quarterly filing with the SEC in October.
The practice is referred to in the industry as no-documentation or “no-doc” loans.
For another 9 percent of the bank’s residential loans, there was no income or asset verification, stated or otherwise, according to the filing.
As of March, BankUnited’s non-performing loans totaled $682 million, compared to $208 million in September of 2007. BankUnited, based in Coral Gables, is the largest Florida-headquartered bank and had $14 billion in assets as of June.
Shares of BankUnited, founded in 1984, trade on the Nasdaq exchange under the symbol BKUNA. In the past year, the stock has gone from $8 to 24 cents a share.
BankUnited has a branch in Bradenton and two in Sarasota, according to its Web site. The bank has more than 80 branches in 13 Florida counties, its site states.
Brian Neill, Herald business reporter, can be reached at 748-0411, ext. 2120.
I heard tell he has a really great sister, too.
LVWR - O/S as of 11/03/08
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
Class Outstanding at November 3, 2008
Common Stock, $0.01 par value per share 45,941,700 shares
from 10-Q
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6240162
LVWR 2 insider buys 12/15, 12/16/08 - total shares owned 5,390,160 Karen Singer.
http://206.222.29.162/history/company.jsp?company=lvwr
Oh crap I don't follow football much at all. Hope I can be excused sorry!
I read somewhere on IHUB that some brokers restrict stocks when they have shorted the stocks, and are in need of shares.
EEE - insiders seem to agree with you that this is a good stock.
http://206.222.29.162/history/company.jsp?company=eee
Do the girls help you keep abreast of stock information?
IFX news
DGAP-Adhoc: FINANCING PACKAGE FOR QIMONDA ARRANGED
21.12.2008, 14:25:53
Infineon Technologies AG / Miscellaneous
21.12.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Financing Package for Qimonda Arranged
Neubiberg, Germany - December 21, 2008 - The German Free State of Saxony, Qimonda AG (NYSE: QI) and Infineon Technologies AG (FSE/NYSE: IFX) today jointly announced a financing package for Qimonda. The package includes a Euro 150 million loan from the German Free State of Saxony, a Euro 100 million loan from a financial institution in Portugal and a Euro 75 million loan from Infineon. Infineon currently holds a 77.5 percent equity interest in Qimonda.
'I am highly pleased, that with the generous support of the governments of the Free State of Saxony, the Federal Republic of Germany and the State of Portugal, we jointly succeeded in tying up a package which provides Qimonda with the opportunity to shape its future. This is good news for the employees of our subsidiary Qimonda before the holiday season,' says Peter Bauer, CEO of Infineon Technologies AG.
In spite of the extremely difficult situation of the world market and the semiconductor industry, Infineon intends to contribute to the package with a loan of Euro 75 million. This sum represents the maximum contribution Infineon can possibly make in light of the economic surroundings.
In addition to the financing package announced today, Qimonda expects to receive guarantees totaling Euro 280 million from the Federal Government of Germany and the Free State of Saxony. Based on such guarantees, Qimonda is already in advanced negotiations regarding additional bank financing totaling Euro 150 million.
The availability of the total financing package is contingent upon successful completion of the relevant national and European approval procedures as well as on the final agreement on the detailed terms and conditions of the various financings. The overall package is intended to given Qimonda the chance to stabilize the company and to introduce Buried Wordline Technology into volume production.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, communications, and security. In the 2008 fiscal year (ending September), the company reported sales of Euro 4.3 billion with approximately 29,100 employees worldwide. With a global presence, Infineon operates through its subsidiaries in the U.S. from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo. Infineon is listed on the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX). Infineon currently holds a 77.5 percent equity interest in Qimonda AG, a leading supplier of DRAM memory products. Qimonda is separately listed on the New York Stock Exchange under the ticker symbol QI'.
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press/
CHTR - news
Charter will no longer carry KMOV-TV; 440,000 cable viewers affected
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tool goes here Starting New Year's Day, about 440,000 cable viewers in the St. Louis area will no longer be able to watch KMOV-TV on cable. KMOV-TV and Charter Communications have been unable to reach an agreement that would allow Charter to continue offering KMOV and CBS programming.
Watch KMOV.com video on this story.
A message from KMOV-TV on Charter cable's decision:
For more than two years KMOV has been trying to reach an agreement with Charter Cable to have KMOV’s signal available to Charter cable customers. We have made offers, Charter has not responded. We want Channel 4 on Charter, but effective December 31st, Charter will no longer carry KMOV.
For the majority of viewers in the St. Louis area KMOV and CBS programming will still be available. We have been able to reach agreements with every other distribution company in town so viewers can still watch KMOV on Direct TV, Dish Network, AT&T U-Verse and of course over the air. Charter’s decision only affects Charter customers.
Channel 4 is far and away one of THE most popular channels on Charter Cable and has invested millions of dollars in its local news, and high-quality local and syndicated programming as well as in its conversion to high definition.
Charter boasts in its ads that local channels like KMOV are the main reason why you should spend your money on cable TV. What they don’t tell you is they have been taking local programming for free and then charging you. Charter pays practically all cable networks for their signals, networks that are far less popular. But they don’t want to pay for local channels. That’s not right, it’s not fair and Charter knows it. They pay to carry local signals in other cities, but this time – for some reason – Charter’s position will hurt St. Louis cable customers.
Interestingly, our company owns television stations all over the country and has been able to work out agreements like this in every single market with every cable distribution company and satellite provider except one, Charter Communications. They are the only company that refuses to recognize the value of a popular LOCAL station such as KMOV to its customers.
We are not giving up, and we will keep trying to negotiate with them to keep Channel 4 on Charter. You are not happy about this. We are not happy about this. It doesn’t have to be this way and Charter knows it.
Let Charter know how you feel. Give them a call, or send them an e-mail and tell Charter you want to keep Channel 4 on their cable system. Or you might consider switching to DISH Network, DIRECT TV or AT&T U-Verse.
Contact Information:
Charter Communications offices: 314-965-0555
VM - Insider buys but you experts may want to look at SC 13D/A filed 12/19. Involvement of Sprint / Nextel? Sorry for not being familiar enough to understand this.
http://206.222.29.162/history/company.jsp?company=vm
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6309481
UIS - Interesting. Clay B. Lifflander sold 1.7 million shares..BUT still owns 24 million. And didn't UIS just get a contract renewal? I posted news about that earlier. So maybe the sell was for Christmas presents or other cash needs LOL.
TVL - Mostly insider sells.
http://206.222.29.162/history/company.jsp?company=tvl
SANM - insider buys, but O/S is over 500M, so not a significant % owned.
http://206.222.29.162/history/company.jsp?company=sanm
I have only been in this game for about 15 months, and in the beginning I felt like a parasite. Now I know just enough to be able to contribute - and it is a pleasure to help on this board. Thank you for the board and all your hard work, thanks to the volunteers who became mods, and everyone else who is part of this board.
ROIAK - 2 sells by Debra Fine, but she still owns almost 8M shares.
http://206.222.29.162/history/company.jsp?company=roiak
RFMD - Lots of insider buys by CFO.
http://206.222.29.162/history/company.jsp?company=rfmd
QTM - Insiders buying, but don't own a significant portion of the 207M O/S.
http://206.222.29.162/history/company.jsp?company=qtm
PWAV - Company insiders are buying.
http://206.222.29.162/history/company.jsp?company=pwav
NXST - Variety of company insiders buying. CEO spent $68,000.
http://206.222.29.162/history/company.jsp?company=nxst
MGI - Large insider purchases in Dec by insider who owns over 10M shares.
http://206.222.29.162/history/company.jsp?company=mgi
HPOL - One insider owns over 8M shares.
http://206.222.29.162/history/company.jsp?company=hpol
CMRG - Interesting variety of insiders buying - VP Distribution, VP GMM, Directors, SVP / CIO, SVP / HR, CEO, General Counsel.
http://206.222.29.162/history/company.jsp?company=cmrg
CHTR - a LOT of insider sells.
http://206.222.29.162/history/company.jsp?company=chtr