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Its a good argument, hope it keeps trading that would be my only fear.
Yeah I knew about the court case, was just wondering what the evidence was that there was going to be no dilution. US federal court scrutiny is the argument then, I see, thanks.
Illegal shares makes me a little nervous. Reminds me of that stock that rhymes with IHUB, lol.
How can you be certain of no dilution out of curiosity?
Maybe you should frame the pretty concave-up parabolic shaped chart after all.
Heck, why not a stamp, lol!
TTM got jiggy today.
That one stays in my suspicious PM spam campaign prelude I knew it was going to drop list.
Always love the parabolic shape of the WRNW chart, lol.
And for a not so hot sector :)
Existing-home sales data for March showed a drop of 8.4% to 6.12 million units, the largest drop since January 1989.
Biotech index, $BTK
Wallstreet has been in love with biotech this month, hope VION gets its run :)
VION Float: 63.55M
Could be a $4 stock with volume.
http://www.secform4.com/insider-trading/944522.htm
If I were head of marketting at Tata Motors (TTM), I would work with Hooters for promotion in the US.
A place where NO haters are aloud
Agree 100% on TTM.
July '07 $15 strike calls TTMGC currently in the low $3 range with TTM near $18. I got some in the low 2's earlier in April and will be sitting on them for 2 months to see where wants to go, with a stop loss in effect. TTM $20+ by the third Friday in June should be doable.
BP - BP First-Quarter Profit Fell 17% on Lower Oil Prices
Topics:Earnings
Sectors:Oil and Gas
Europe's second-largest oil company, reported a 17% drop in first-quarter earnings Tuesday on lower oil prices and declining production.
Net profit for the three months ending March 31 fell to $4.66 billion (3.43 billion euros) from $5.62 billion in the first quarter last year. Revenue declined 3% to $62.04 billion (46.7 billion euros).
BP was the first of the major European oil companies to report quarterly results, with most others also expected to record profit declines amid dwindling output and rising costs before a recovery in the second quarter. However, analysts said the results put BP at the bottom of the pack, particularly given its safety troubles in the United States.
"Faced as it is with reduced production and higher costs, lower oil prices and the ongoing barrage resulting from its earlier failures, its challenges are not yet over," said Hargreaves Lansdown analyst Richard Hunter.
Tony Hayward, the current head of exploration and production, has been charged with the task of reviving investor confidence in BP when he takes over as chief executive in the summer, replacing John Browne.
Safety Issues
Browne's annual performance bonus for last year was cut almost in half as oil spills and safety lapses in the United States overshadowed record profits for the oil company. He is stepping down by the end of July, more than a year ahead of the previously announced schedule.
BP Chairman Peter Sutherland told shareholders at the annual meeting earlier this month that the company is making "good progress" on safety issues following the 2005 Texas City refinery explosion that killed 15 workers and an Alaskan pipeline oil spill.
Sutherland said the company expected to make an announcement next month on the appointment of an independent safety expert, as recommended by an investigation led by U.S. Secretary of State James Baker.
Hunter said the market was "cautiously positive" about BP's earnings and outlook. Its shares rose 0.5% to 580.5 pence ($11.59; 8.55 euros) on the London Stock Exchange
Oil Production
BP's replacement cost profit -- which measures the amount it would cost to replace assets at current prices and is viewed by many analysts as the best measure of an oil company's underlying performance -- came it at $4 billion (2.95 billion euros), down 24% from last year but in line with analysts' expectations.
Total oil and gas production was lower as expected in the quarter, at 3.91 million barrels of oil equivalent a day, compared to 4.04 million per day a year earlier. The company said that Brent crude was down 7% on average over the quarter at $57.80 a barrel.
However, Citigroup said that industrywide average refining margins were up 44% in Northwest Europe and 27% in the U.S Gulf Coast. BP missed most of that increase because its Texas City refinery is still operating at 57% of capacity and its Whiting, Indiana, refinery began operating at half its capacity in late March.
The quarterly result included a net non-operating profit of $363 million (267.8 million euros), mostly due to the sale of its exploration and production and gas infrastructure business in the Netherlands and accounting gains related to North Sea contracts. The gain compared to a net non-operating charge of $17 million (12.54 million euros) for the same period last year.
The earnings also included the cost of BP's $1.1 billion (810 million euros) acquisition of Chevron's Dutch manufacturing company, which includes a 31% stake in the Nerefco refinery.
(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
Doubt it was the first to go way up on Paris Hilton.
Hawaiian Holdings Announces First Quarter 2007 Conference Call
8:00 AM ET - PR Newswire
Hawaiian Holdings, Inc. (Amex and PCX: HA) ("Company"), parent company of Hawaiian Airlines, Inc. ("Hawaiian"), announced today that it plans to report financial results for the three months ended March 31, 2007, after the market close on Wednesday, May 2, 2007. The Company also announced that Mark Dunkerley, President and Chief Executive Officer, and Peter Ingram, Chief Financial Officer, will host an investor conference call to discuss the results on the same day at 5:00 p.m. Eastern Time.
The call will be open to all interested investors through a live audio webcast accessible on the Investor Relations section of the Company's website at www.hawaiianairlines.com. For those who are not available to listen to the live webcast, the call will be archived.
About Hawaiian Airlines
Hawaiian Airlines, holder of a record 36 consecutive months as America's most punctual airline, has consistently led the nation's carriers in on-time schedule performance, fewest flight cancellations and fewest misplaced bags in 2005 and 2006 (as reported by the U.S. Department of Transportation). Consumer surveys by Conde Nast Traveler, Travel + Leisure, and Zagat all rank Hawaiian as the top domestic airline serving Hawaii.
Now in its 78th year of continuous service in Hawaii, Hawaiian is the state's biggest and longest-serving airline, as well as the second largest provider of passenger air service between the U.S. mainland and Hawaii. Hawaiian offers nonstop service to Hawaii from more U.S. gateway cities than any other airline (nine), as well as service to Australia, American Samoa and Tahiti. Hawaiian also provides approximately 100 daily jet flights among the Hawaiian Islands.
Hawaiian Airlines, Inc., is a subsidiary of Hawaiian Holdings, Inc. (Amex and PCX: HA). Additional information is available at HawaiianAirlines.com.
SOURCE Hawaiian Holding's, Inc.
Investor Relations, Allyson Pooley of Integrated Corporate Relations, +1-310-954-1100, apooley@icrinc.com http://www.hawaiianairlines.com
TERN
By Scott Moritz
Senior Writer
4/23/2007 9:27 AM EDT
Motorola (MOT - Cramer's Take - Stockpickr - Rating) says it will buy video chip maker Terayon (TERN - Cramer's Take - Stockpickr) for $140 million in cash.
The deal calls for Motorola to pay $1.80 a share for the Santa Clara, Calif., tech shop. The price is slightly below the $1.84 level where the stock ended Friday after a late day surge.
Motorola plans to add Terayon to its cable gearmaking unit. Terayon's video processing technology helps with features like allowing telcos and cable companies insert ads into videos.
Motorola shares have declined 11% this year as the company struggles with a slump in its mobile phone business.
Terayon was a highflying stock around the turn of the century when some stock pickers and industry analysts placed their confidence on the company's breakthrough video technology. Adjusting for a stock split, the shares once traded at $115 in February 2000, just prior to the Nasdaq crash.
The company discovered accounting errors dating back to 2000 and had to restate several years of financial reports. Terayon was delisted from the Nasdaq a year ago for its delinquent filings. The company has always operated in the red and as of the end of last year had an accumulated deficit of $1.1 billion.
http://www.thestreet.com/_yahoo/newsanalysis/techtelecom/10352062.html?cm_ven=YAHOO&cm_cat=F....
BRVO is a fun one, moves pretty quickly.
Energy Hearings
Monday April 23, 7:09 am ET
Senate Energy Committee Begins Hearings on Energy Efficiency Promotion Act
NEW YORK (AP) -- Members of the Senate Energy Committee will meet Monday to begin hearings on the Energy Efficiency Promotion Act.
Topics on the agenda include promoting efficient use of oil, natural gas and electricity; reducing oil consumption and heightening energy efficiency standards for consumer products and industrial equipment.
According to the bill, gasoline use in the U.S. should be reduced 20 percent by 2017; 35 percent by 2025; and 45 percent by 2030.
In addition, a strategic plan will be developed by the U.S. Secretary of Energy that will "establish future regulatory, funding and policy priorities to ensure compliance with national goals; include energy savings estimates for each sector; and include data collection methodologies and compliations used to establish baseline and energy savings data."
Monday's meeting comes as scientists and environmentalists continue raising awareness of global warming.
Under consideration by Congress are a number of proposed bills aimed at curtailing the release of so-called "greenhouse" gases into the atmosphere. Scientists say that unless those emissions are rolled back, the planet will become warmer, causing severe climate consequences later this century.
Ahead of the Bell: Oil Refiners
Monday April 23, 7:43 am ET
Goldman Lifts View on Oil Refiners, Boosts Rating on Valero Energy
NEW YORK (AP) -- A Goldman Sachs analyst on Monday boosted his rating on Valero Energy Corp., following an improved view for the entire oil refining sector, which was lifted to "Attractive" from "Neutral."
Arjun N. Murti, in a client note, lifted his rating on Valero Energy to "Buy" from "Neutral," and raised his target price to $82 from $71, saying the stock joins Marathon Oil Corp. as the best positioned to benefit from a second wave of a "multi-year 'super-spike' for oil markets."
Valero also joined Goldman's top-ten list of best energy stocks, replacing XTO Energy Inc., which still retains its "Buy" rating.
"There will be understandable questioning of the timing of our refining upgrade from a seasonal perspective," the analyst noted. But Murti believes tight refining supply and demand balances are expected to continue through 2009, at least.
Shares of Valero closed at $65.93 Friday on the New York Stock Exchange.
-------------
I find it humerous that Bear Stearns downgraded MRO on Friday...
VLO getting a little action in premarket, with earnings this week, after a strong Friday.
May $65 calls:
Hurricane Forecasters Who Got Mild '06 Right Warn of Active '07
By Mike Baker
April 23, 2007
The up-and-coming hurricane researchers who accurately predicted a mild 2006 storm season, despite dire predictions of more established forecasters, said the 2007 season will be much more active — especially in the Gulf of Mexico.
Two teams of researchers at North Carolina State University, in their third year of hurricane forecasting, released separate results for the first time last week.
One team, funded by the National Oceanic and Atmospheric Administration, projected that 16 to 17 named storms would form in the Atlantic basin, including eight to nine hurricanes. Two or three hurricanes will make landfall on the East Coast, while one or two would strike the Gulf Coast, according to team predictions.
"Everything shows that it's going to be a much busier year than last year,' said Len Pietrafesa, a professor of oceanic and atmospheric science at N.C. State who contributed to the team.
The second squad of forecasters estimated the Atlantic basin will brew 12 to 13 named storms and eight to nine hurricanes, including four or five major hurricanes. Researchers said there is a 75 percent chance a hurricane will make landfall along the eastern seaboard and an equally strong chance that a hurricane will hit the Gulf of Mexico coastline.
"All in all, it's going to be an active year,' said lead researcher Lian Xie, an N.C. State professor of Meteorology and Physical Oceanography.
The team also estimated a 56 percent chance that a major hurricane will strike the Gulf Coast, and a 10 percent chance of a major hurricane striking the southeast coast. Storms with sustained winds of at least 111 mph are considered major hurricanes.
"We're seeing a very active Gulf of Mexico, similar to some of the past active seasons,' Xie said, adding that the eastern seaboard will have above-average activity in the south and a calm season in the north.
In 2006, the N.C. State teams worked together to predict that five or six hurricanes would form in the Atlantic Ocean east of the United States, and one or two hurricanes would strike the East Coast. Five hurricanes formed that year and none made landfall. A total of 10 named Atlantic storms formed in 2006.
William Gray, who has become the nation's most reliable hurricane forecaster over the past 24 years, had estimated last season would produce 17 named storms and nine hurricanes, but he later revised his projections downward. The National Hurricane Center also predicted an active hurricane season, saying 13 to 16 named storms would form.
"At first, it took us some courage to believe our model,' Xie said, adding that unlike other forecasters, his team focused only on storms that developed off the Atlantic coast. "But we're also careful not to say that our model is better than other people's model.'
This year, Gray, based at Colorado State University, predicted a total of 17 named storms including at least nine hurricanes, five of them major. The National Hurricane Center will issue its forecast for the 2007 season in late May.
N.C. State forecasters also accurately predicted the 2005 storm total while focusing on storms along the East Coast, saying at the time that five to six hurricanes would form along the eastern seaboard and two or three would make landfall. The season produced seven hurricanes from that region — two of which hit the East Coast.
This year, the N.C. State scientists have expanded their unique model to analyze how many storms will make landfall in the Gulf of Mexico and how many will make landfall along the Atlantic seaboard.
The teams focus much of their research on the difference in water temperatures between the north Atlantic and south Atlantic. If tropical water is warmer than normal in the north and cooler than normal in the south, hurricane activity increases, Xie said.
Copyright 2007 Associated Press. All rights reserved. This
It is a service in win XP professional that is typically used by IT people in corporations to temporarily take over a networked PC, with the user's permission, to remotely fix settings and install software etc. If you do not want nor need this functionality, it is a service that you can disable to remove one potential vulnerability.
Follow these steps:
1. Click Start and then click Control Panel.
2. Click Administrative Tools.
3. Click Services
4. In the Startup type list, choose Disabled
Do this for any service you do not want to use. But be careful, there are many services that need to be enabled for your PC to operate properly. Personally, I like to have every service disabled that I do not need, and my PC will still function - a bare bones list of services. Note: disabling all of the ones I have may not work for you, so tread carefully. Do a google search for "windows xp services" to get an idea of what other people have disabled and what cannot be disabled. If you make a change, I'd suggest doing one at a time, and restarting to be sure you didn't foul anything up, and keep notes so you can revert the change back if necessary. For this PC that is not on a network, and is only connecting to the net via a cable modem/router, I have the following services disabled:
Afterwards, if you are paranoid about "others" using remote desktop help, you can disable the feature under administrative tools / services.
Quite a few interesting earnings reports this week that should affect the markets including quite a few energy players like COP, EXC, DO, XOM, HAL, VLO, and CVX.
There is this unusal orange glowing thing in the Seattle sky today. Someone said it is "the sun" but I was not sure what they were talking about, the sky is supposed to be gray!
Deflame (verb) : A non-word meaning to attempt to calm someone down after an especially strong reaction to an insult.
Example: "That guy was really mad at the hater who bashed him-- it took a long time to get him deflamed."
http://addictionary.org
N.C. State team expects 8 to 9 hurricanes this year
12:00 PM CDT on Thursday, April 19, 2007
Associated Press
RALEIGH, N.C. – The up-and-coming hurricane research team that accurately predicted a mild 2006 storm season, despite the dire predictions of more established forecasters, say that the 2007 season will be much more active.
Researchers at North Carolina State University, in their third year of hurricane forecasting, said the Atlantic basin will brew eight to nine hurricanes, including four or five major hurricanes. Forecasters said there is a 75 percent chance a hurricane will make landfall along the eastern seaboard or hit the Gulf of Mexico coastline.
The team also estimated a 56 percent chance that a major hurricane will strike the Gulf Coast, and a 10 percent chance of a major hurricane striking the southeast coast. Storms with sustained winds of at least 111 mph are considered major hurricanes.
In 2006, the N.C. State team predicted that one or two hurricanes would strike the East Coast and estimated five or six hurricanes would form in the Atlantic Ocean east of the United States. Five hurricanes formed that year and none made landfill. A total of 10 named Atlantic storms formed that year.
William Gray, who has become the nation's most reliable hurricane forecaster over the past 24 years, had estimated last season would produce 17 named storms and nine hurricanes. The National Hurricane Center also predicted an active hurricane season, saying 13 to 16 named storms would form.
The N.C. State team also accurately predicted the 2005 storm total, saying at the time that five to six hurricanes would form along the eastern seaboard and two or three would make landfall. The season produced seven hurricanes from that region – two of which hit the East Coast.
This year, the N.C. State scientists have expanded their unique model to analyze how many storms will make landfall in the Gulf of Mexico and how many will make landfall along the Atlantic seaboard.
The team focuses much of their research on the difference in water temperatures between the north Atlantic and south Atlantic. If tropical water is warmer than normal in the north and cooler than normal in the south, hurricane activity increases, the team says.
http://www.dallasnews.com/sharedcontent/dws/news/nation/stories/042007dnnathurricaneforecast.252643b...
I read a lot of press releases that I would consider litterature.
Could have been stuck pixels. Powering on and off the monitor could have gotten the liquid crystal to flow properly. If you ever have a pixel that is stuck on one color in the future, and a power cycle does not help, try this method that I have found helpful:
Turn off your computer's monitor.
Get yourself a slightly warm damp folded washcloth.
Apply gentle pressure through the folded washcloth to exactly where the stuck pixel is. Try not to put pressure anywhere else, as this may make more stuck pixels.
While applying pressure, turn on your computer and screen.
Remove pressure and the stuck pixel should be gone.
Works like magic for stuck pixels (stuck on one color) but does nothing for dead pixels.
Is it an LCD monitor?
VLNC - Valence Technology Inc - Volume spike on Friday on this lithium ion battery Nasdaq stock trading near its 52 week low. May be something to radar for a pop. Director Carl Berg has been buying FWIW: http://www.secform4.com/insider-trading/885551.htm
Shares Outstanding: 104.35M
Float: 47.53M
Latest 8K:
20-Apr-2007
Unregistered Sale of Equity Securities
ITEM 3.02 Unregistered Sale of Equity Securities.
On April 19, 2007, Valence Technology, Inc. sold $1.0 million of its common stock to West Coast Venture Capital, Inc., an affiliate of Carl E. Berg our chairman of the board. The proceeds will be used to fund corporate operating needs and working capital. Under the terms of the agreement, we issued 925,926 shares of our common stock, par value $0.001 per share, in a private placement transaction exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof. West Coast Venture Capital purchased these shares at $1.08 per share. The purchase price per share equaled the closing bid price of our common stock as of April 18, 2007. Under Rule 144 of the Securities Act, these shares are restricted from being traded by West Coast Venture Capital for a period of one year from the date of issuance, unless registered, and thereafter may be traded only in compliance with the volume restrictions imposed by this rule and other applicable restrictions. The summary of the terms of the purchase is qualified in its entirety by the text of the letter agreement, a copy of which is attached to this Form 8-K as Exhibit 10.1.
Glad it fixed itself. Probably the shutdown/restart that fixed it - fixes 99% of Windows issues.
Excelon CFO on the need to rebuild 800,000 MW of generation over the next 25 years the US has put in place over the past 100 years:
Tough choices offer US a chance to live up to past: Exelon CFO
Las Vegas (Platts)--17Apr2007
The combination of climate change dynamics and national security
interests means that the US faces enormous energy choices, according to Exelon
CFO John Young. While Young said Tuesday he is optimistic because "we've
always met all these challenges," he also acknowledged that "the challenges
and the opportunities are immense."
Young told a Las Vegas audience that the New York Times Magazine cover
article Sunday struck him as an important piece, "taking a step back...to what
this is all about...linking our industry and how the energy industry works to
what our national security issues are."
Times' columnist Thomas Friedman's article Sunday posited that climate
change dynamics and the US dependence on imported fuels offer an opportunity
for the country to mobilize, go "green," to address both climate change and
national security, and to take a strong world leadership position that way.
Exelon's Young, who is also the Chicago-based company's executive vice
president for finance and markets, found a lot of strong material in
Friedman's piece, he said.
The US over the next 25 years will have to try to rebuild all the
generation it has put in place over the past 100 years, Young told Platts'
Global Power Markets Conference, while at the same time rebuilding highways,
railroads, and ports.
"The whole infrastructure of the country is challenged," he said, as the
world is moving from an Atlantic-based economy to a Pacific-based one. The US
is positioned between those two and is in an ideal place to be, he suggested,
but will have to work "to not just become the UK of the 21st century, an
intellectual participant, not an industrial participant."
Having to rebuild up to 800,000 MW of generation brings big risks, he
said, and "climate change is only accelerating that." Having noted that Exelon
operates 20 nuclear reactors and is looking at building more, he said nuclear,
as a no-carbon source, has an important place in the future generation
picture, particularly since its efficiency and safety have grown hugely over
the last 10 years.
http://www.platts.com/Electric%20Power/News/6376520.xml?p=Electric%20Power/News&sub=Electric%20P...
Sparklies? Can you be more specific or post a screenshot if it is digitally capturable?
Woohoo!
Try disabling Java update via Windows control panel/Java/Java Control Panel/Update/and uncheck check for updates automatically. And/or changing the notification preferences in the Advanced tab.
TTM - Tata Motors Ltd.
Last: $17.54
Float: 202.35M
BUSINESS SUMMARY
Tata Motors Limited engages in the design, manufacture, assembly, and sale of commercial automotive vehicles in India and internationally. The company operates through two segments, Automotive and Others. Its Automotive segment designs, manufactures, assembles, and sells various vehicles, including trucks and buses, pickups, tippers, tankers, tractors, concrete mixers, passenger cars, and utility vehicles. This segment also related parts and accessories, as well as provides financing for its vehicles. The company�s Others segment manufactures construction equipment and automotive vehicle components, as well as produces high-precision tooling, and plastic and electronic components for automotive and computer applications. This segment also offers information technology services, and machine tools and factory automation solutions, as well as involves in supply chain activities, and automotive retailing and service operations. The company markets and sells its products through its regional and sub-regional offices, as well as dealer outlets. As of March 31, 2006, it operated 28 regional and 38 sub-regional offices, as well as 720 dealer outlets. The company was founded in 1945 as Tata Locomotive and Engineering Company Limited and changed its name to Tata Engineering and Locomotive Company Limited in 1960. Subsequently, it changed its name to Tata Motors Limited in 2003. Tata Motors is based in Mumbai, India. Tata Motors Limited is a part of Tata Group