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Nice job Kitty & GLTY
already dumped half @ .15 this morning for a 170% gain:)
Here we go...... doubled already:)
Theirs no doubt that BK's are on the rise. Believe it or not, their is good opportunities in today's market to cash in on some chapter 11 BK stocks. IMO
In the coming months their will also be a record amount of buyouts/sales of assets/mergers. Ch 11 is not always a bad thing, if the company can restructure and reorganize & come out of BK it can be very beneficial to investors.
I personally like to find companies that are good candidates for potential buyouts. I strongly believe that down the road ASYT can be one of those companies.IMO
GLTA
Bay Biz Buzz: Fremont's Asyst files bankruptcy; will seek sale
Staff and wire reports
Posted: 04/20/2009 09:13:22 AM PDT
Updated: 04/20/2009 09:39:21 AM PDT
Fremont-based Asyst Technologies Inc. has decided to file a voluntary bankruptcy under Chapter 11, facing loan defaults and rising interest payments. The semiconductor equipment maker noted that demand for its products has declined dramatically because of the recession. Asyst Technologies also said it has cut jobs. Official state government files show Asyst has cut 85 jobs this year. The company also said it's reduced benefits, cut salaries of executives, and undertaken mandatory time off.
Asyst intends to pursue a sale of the company or sales of some assets, in order to maximize shareholder value. Lately, though, Asyst has wrestled with delays in customer projects and related cash collections, and is facing higher financing costs because of a default on its loan with KeyBank National Association.
Biotech
The U.S. Supreme Court refused to stop a shareholder suit that says Foster City-based Gilead Sciences Inc. inflated its stock price by concealing its reliance on illegal marketing of its Viread AIDS medicine. The justices, without comment, today turned away Gilead's appeal of a ruling that said the lawsuit's accusations were specific enough for the case to move forward. Viread last year produced $621 million in worldwide sales for Gilead, the biggest U.S. supplier of AIDS drugs. The shareholders say Gilead deceived them in 2003 by not revealing that 75 percent to 95 percent of Viread's sales at that time stemmed from efforts to encourage
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so-called off-label uses, those not approved by the Food and Drug Administration. Although doctors may prescribe medicines for unapproved uses, federal law bars off-label marketing. The suit says the company's deception prevented shareholders from appreciating the significance of an August 2003 FDA letter that ordered the company to cease off-label marketing efforts. In October of that year, Gilead announced sales that fell short of analysts' estimates, and shares fell 13 percent the next day. Gilead stock is down 52 cents to $44.16 in trading thismorning.
Tax Software
Moutnain View-based Intuit Inc., the world's largest maker of tax-preparation software, fell the most in two months in Nasdaq trading after saying sales in the consumer-tax unit will trail its forecast. Fewer customers used the TurboTax program than anticipated toward the end of the tax season, Intuit said today in a statement. The company, which forecast total sales of as much as $3.3 billion for the year ending in July, didn't provide specific figures. Sales of TurboTax programs for desktops fell 11 percent from a year earlier. Tax-preparation software accounts for about 40 percent of Intuit's revenue, making it the company's biggest business. Intuit fell $1.18, or 4.6 percent, to $24.40 this morning. Intuit, whose fiscal year ends July 31, typically makes a profit in its second and third quarters leading up to the U.S. filing deadline of April 15.
Quickly
Darim Vision Corp. has bought a small office building in Livermore's Montevina project. Darim paid $1.2 million for the 3,600-square-foot building, located near Interstate 580 and Airway Boulevard. The building, sold through Cornish & Carey, is the first building sold in Montevina's $40 million first phase. ExTerra Realty developed Montevina. ... Fremont-based WaferGen Biosystems Inc. has raised $1.5 million through a private investment in its Malaya-based subsidiary, the maker of software for genetic analysis said. ... Camping World, the nation's largest RV and outdoor retailer today announced that it will hold a grand opening celebration at its newest SuperCenter in Vacaville from Thursday through Sunday. Camping World of Vacaville is located at 5065 Quinn Road, just off Interstate 80 and is a relocation of the Fairfield store to a larger facility. For more info, call 1-800-448-1253
I will admit, It's not always the smartest to invest in a BK stock. But do a little DD and you might find that this may not be such a dumb idea to get a position at this point. IMO
Nice job on dumping before the crash schlitz. If it goes any lower, I think This might find the 0.03 to 0.04 range for a bottom this week.IMO I have played several identical to ASYT in the past 4 months and each one has had rebounds with nice run ups. Keeping in mind that this is no dinky company, and still holds significant value. Look for possible future buyouts.IMO
Looking forward to a nice bounce back down the road
I agree kittycatttt, This will have a nice rebound in weeks to come.IMO
Just bought in today @ 0.056:)
GLTA
Great DD utmost, thanks for the post:)
Another delisting notice from Nasdaq this evening. How many times can you receive a notice before getting the boot?
After Hours Trading
4/16/2009 4:38:00 PM Last: 0.20 Change: +0.015
Volume: 43,122
Okay thanks, didn't know about the upgrade. Well that answers that I guess. Just trying to keep hope alive here
Anyone notice that Micron is having a nice run today. I wonder if the run up has anything to do with something positive to come for MU.
Possibly something along the lines as say an acquisition perhaps? IMO
Hi all! Just bought in today @ 0.032:) Nice to see a strong close EOD. I think we should see a nice gap up tomorrow morning as well by having Such great buying pressure towards the EOD.
I do however expect a pullback at some point soon. With such a spike up & the fact we almost surpassed it's 1 year high today, any thoughts on what we can expect in coming days/weeks ahead???
Being new to the stock, I don't know the significance of the latest PR and what it could really mean for VIASPACE.
Any insight would be much appreciated.
Thanks, and GLTA
lmao.....Yeah I guess I was a little too verbal that day
Ohhhhh Boy, I think It's going to be a long next couple of days fellas:(
Come on already with some spectacular PR so that we can all have reason for really bad hangovers soon
Well I just jumped ship on SGIC @ .22 for a loss of close to 30%:(
Don't like the fact it's on the pink sheets now. I feel It should be trading higher but now that it's off NASDAQ who knows?
I just took what I had in SGIC & bought more SPSN
Good luck with SGIC guys:)
lol....Yes I remember that. This time if their is good news, I won't celebrate prematurely. I'll just wait until all is said and done
Wow.....Trading has REALLY slowed down.Is this the calm before the storm.......Lets hope:)
Any reason why such a sell off today with such little volume? I wish I would have known yesterday they were going to start trading on the pinksheets today. I might have thought twice before getting back in. "Oh well" Not sure if I should just sell or hold or buy more:) Any thoughts
Anyone getting a little deja vu here
Great, not able to see the BID & ASK now:(
lol.....Looks like someones been reading too many GOOGLE & YAHOO message boards as of late
I would love nothing more but for that to be a fact, but Don't believe everything you read on message boards.
Tell me how the F#@% that is legal man?
I still think a nice bounce back will occur this week followed by some PR. IMO
Don't expect much in AH without some PR
Well Chit in a bag and punch it......
How does that work when the bid was @ 0.34 1 min before close?
Must have been a market sell order at last minute I guess?
probably will be a huge gap in price like yesterday
Curious to see AH bid & ask price.
Yes we can all use a little DNDN right about now:)
o.k interesting.....I'm still showing 0.3105 as a closing price.
Jeeeeeeeeez, how many shares were traded to send it from .35 to .31 what the hell was that?
tell me about it!
looking good here...Lets see EOD reach HOD:)
Does anyone know when Spansions hearing before the NASDAQ Listing Qualifications Panel is?
lol....So am I buddy:)
Good job & good luck:)
Hey utmostbastard,
Nice to see you hear:) I got back into SGIC today @ .315
How long have you had a position in SGIC?
Good morning all:) Well it's good to see a lot of investment sites now with BUY ratings for SPSN.
Hope to see another green day,
GLTA
NP Mobrown......Welcome & good luck:)
Mark LaPedus
EE Times
04/08/2009 4:57 PM
Is Micron seeking an acquisition?
SAN JOSE, Calif. -- Amid a DDR3 memory push, Micron Technology Inc. on Tuesday (April 7) said that it plans to raise $450 million through the sale of common stock and convertible senior notes.
Why? With the potential offering, Micron could be seeking an acquisition. ''Management mentioned that the proceeds (of the offering) would be used for strategic transactions and acquisitions among others,'' said Daniel Amir, an analyst at Lazard Capital Markets, in a report.
''Due to the fact that Spansion has been vocal about selling its assets, we believe that this would be a natural fit for Micron to pick up a distressed asset which includes a new 300-mm fab for very low prices.
I agree,
We have seen a huge drop in Short Interest this month and currently (Shares Short) stands at 3,579,700
Any breath of positive PR will push this up like mad. IMO
Now Putting aside the possibility of some positive PR , Any thoughts on what SPSN can do in coming days,weeks even months ahead?
So if I understand this correct this "artificial bidding" or "buying below bid" is created to force the ASK price lower for accumulation purposes??
Can you please elaborate on why "artificial bidding" or "buying below bid" when it occurs can be beneficial to investors?
I can kind of speculate why.......But I would like to be certain.
Thanks in advance:)