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ACAS -
Mirion Technologies to Provide Radiation Detection Equipment to Russian Nuclear Power Plants
Date : 05/20/2009 @ 1:00PM
http://ih.advfn.com/p.php?pid=nmona&cb=1242844455&article=37819404&symbol=N^ACAS
WAMUQ -
20.05.2009 20:18
UPDATE 2-Judge may rule by next month in WaMu/JPMorgan case
http://www.finanznachrichten.de/nachrichten-2009-05/13967357-update-2-judge-may-rule-by-next-month-in-wamu-jpmorgan-case-020.htm
THC -
May 19, 2009, 11:09 a.m. EST
Tenet Healthcare rallies on Goldman upgrade
http://www.marketwatch.com/story/tenet-healthcare-rallies-on-goldman-sachs-upgrade
By Steve Gelsi, MarketWatch
May 19,2009
NEW YORK (MarketWatch) - Shares of Tenet Healthcare rallied as much as 20% on Tuesday after Goldman Sachs upgraded the company to buy from neutral and said the share value of the hospital operator could double.
Tenet Healthcare (THC 2.77, +0.52, +23.11%) jumped 42 cents, or 19%, to $2.67 on Tuesday morning.
Goldman Sachs analyst Shelly Gnall cited a favorable view of urban markets, continued margin improvement and removal of a leverage overhang as credit markets normalize.
Goldman lifted its price target for Tenet to $5 a share from $1 a share, and said the stock still has room to move up.
NRTLQ & CSCO -
NRTLQ News ! / Nortel Technology Innovation Drives Enterprise Speed, Simplicity
http://ih.advfn.com/p.php?pid=nmona&cb=1242823431&article=37808195
CSCO News ! / Cisco Completes Acquisition of Tidal Software
http://ih.advfn.com/p.php?pid=nmona&cb=1242823431&article=37810576&symbol=N%5ECSCO
( transmitted @_bbb_)
UPDA Executes New $5.0 Million Line of Credit to Expand Crude Oil Purchases - Now Positioned to Transport over 100,000 Barrels Per Month
http://www.finanznachrichten.de/nachrichten-2009-05/13963200-upda-executes-new-dollar-5-0-million-line-of-credit-to-expand-crude-oil-purchases-now-positioned-to-transport-over-100-000-barrels-per-month-004.htm
Universal Property Development and Acquisition Corporation (News) (Pink Sheets:UPDV) has executed a new $5.0 Million line of credit designated for the expansion of its crude oil purchase and transport operations. In addition to its existing credit facilities, UPDA’s tank truck subsidiary is now positioned to purchase and haul more than 100,000 barrels of crude oil generated by the oil and gas wells located throughout the state of Texas.
”This new credit facility will allow us to greatly increase our crude purchasing and transport business and expand our revenues exponentially,” remarked UPDA CEO Tim Brink. ”We now have the financial strength to fully utilize our equipment and service new markets. With the assistance and cooperation of our primary lender we have been able to complete a massive corporate restructuring, reduce expenses, expand margins and obtain this new source of financing. We will now execute our business plan and aggressively pursue further growth.”
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
For more updates on this press release and other information follow us on TWITTER - UPDANEWS
Contacts:
UPDA
Timothy Brink, 713-231-0330
Chairman
... -
OPMR
http://ih.advfn.com/p.php?pid=nmona&cb=1242763150&article=37428980&symbol=N^OPMR
NOTICE IS HEREBY GIVEN that an annual and special meeting of the shareholders (the “Meeting”) of the Corporation will be held at the Residence Inn by Marriott, 2170 Lincoln Avenue, Montréal, Québec, on June 23, 2009 at 10:00 a.m. (Eastern time).
4. consider, and if deemed advisable, pass, with or without variation, the special resolution of shareholders set forth in Schedule “B” contained in the accompanying proxy statement, authorizing an amendment to the articles of continuance of the Corporation to consolidate all issued and outstanding Class “A” shares on the basis that each holder of a Class “A” share shall receive one (1) Class “A” share for each five (5) Class “A” shares so consolidated, as summarized in the accompanying proxy statement.
Only shareholders of record at the close of business on May 22, 2009 (the “Record Date”) are entitled to notice of and to vote at the Meeting and any adjournment or postponement thereof. The share register will not be closed between the Record Date and the date of the Meeting.
IMO today's action - short covering...
http://shortsqueeze.com/?symbol=rz&submit=Short+Quote%99
Short Interest (Shares Short) 7,268,200
Days To Cover (Short Interest Ratio) 16.8
Short Percent of Float 16.35 %
Short Interest - Prior 7,129,500
Short % Increase / Decrease 1.95 %
Short Squeeze Ranking™ -169
Shares Float 44,460,000
Total Shares Outstanding 64,482,871
% Owned by Insiders 38.57 %
% Owned by Institutions 19.90 %
RZ -
Raser Technologies to Demonstrate 100 mpg Hummer Extended-Range Electric Vehicle to Members of U.S. Congress, at 2 p.m., May 20
Date : 05/19/2009 @ 1:03PM
http://ih.advfn.com/p.php?pid=nmona&cb=1242753443&article=37797893&symbol=NY^RZ
Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, announced today that its 100 mpg Electric Hummer H3 will be demonstrated at the United States Capitol tomorrow, Wednesday, May 20, 2009, at 2 p.m. EDT. Members of Congress are invited test drive the vehicle.
Senator Orrin Hatch (R-UT) will introduce the vehicle and comment on the role new technology can play in an American automotive recovery at the event to be held on Capitol Hill at the Upper Senate Park. Kraig Higginson, chairman of Raser Technologies, and Gary Rogers, president of FEV, Inc., will answer questions and tell members of Congress about the vehicle.
“We believe this vehicle may hold the key to solving the most important challenges facing the nation by reducing our dependency on foreign oil, addressing climate change, and reinvigorating American manufacturing with American technology,” added Higginson.
The Electric Hummer H3 was developed by Raser Technologies and its integration partner FEV in cooperation with General Motors and its Hummer division. “Americans value the versatility of trucks and SUVs, the number one selling vehicles in America, but we also want to do what’s right for the environment,” said Kraig Higginson. “This vehicle demonstrates that through innovation, we can do both.”
The full-size SUV is a four-wheel drive vehicle designed to achieve more than 100 mpg in typical local daily driving with near zero emissions by driving up to 40 miles per day in all-electric mode. For extended trips, a small internal combustion engine (range extender) kicks in to recharge the batteries.
“The powertrain in this vehicle can be applied to most trucks & SUVs, and is ideal for fleets, contractors and small business owners,” said David West, Raser’s vice president of marketing. “It delivers the payload of a pickup truck with better gas fuel economy than a Prius.”
Gary Rogers, president of FEV, Inc., and a member of the National Research Council’s Committee on the Effectiveness of Corporate Average Fuel Economy (CAFÉ) Standards, said, “Because most Americans drive less than 40 miles a day, this powertrain technology could have an enormous impact on reducing the amount of gasoline consumed every day, and support President Obama’s initiative to achieve significant improvements in fuel economy across all sectors of the light-duty fleet, including trucks and SUVs.”
The vehicle demonstration and press event will be held on Capitol Hill at the Upper Senate Park on the corner of Constitution and Delaware at 2 p.m. EDT.
More information on the Raser Hummer E-Rev can be found at www.rasertech.com/hummer. Raser will hold a number of media interviews at the Capitol in conjunction with this ceremony.
Raser Technologies to Demonstrate 100 mpg Hummer Extended-Range Electric Vehicle to Members of U.S. Congress, at 2 p.m., May 20
Date : 05/19/2009 @ 1:03PM
http://ih.advfn.com/p.php?pid=nmona&cb=1242753443&article=37797893&symbol=NY^RZ
Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, announced today that its 100 mpg Electric Hummer H3 will be demonstrated at the United States Capitol tomorrow, Wednesday, May 20, 2009, at 2 p.m. EDT. Members of Congress are invited test drive the vehicle.
Senator Orrin Hatch (R-UT) will introduce the vehicle and comment on the role new technology can play in an American automotive recovery at the event to be held on Capitol Hill at the Upper Senate Park. Kraig Higginson, chairman of Raser Technologies, and Gary Rogers, president of FEV, Inc., will answer questions and tell members of Congress about the vehicle.
“We believe this vehicle may hold the key to solving the most important challenges facing the nation by reducing our dependency on foreign oil, addressing climate change, and reinvigorating American manufacturing with American technology,” added Higginson.
The Electric Hummer H3 was developed by Raser Technologies and its integration partner FEV in cooperation with General Motors and its Hummer division. “Americans value the versatility of trucks and SUVs, the number one selling vehicles in America, but we also want to do what’s right for the environment,” said Kraig Higginson. “This vehicle demonstrates that through innovation, we can do both.”
The full-size SUV is a four-wheel drive vehicle designed to achieve more than 100 mpg in typical local daily driving with near zero emissions by driving up to 40 miles per day in all-electric mode. For extended trips, a small internal combustion engine (range extender) kicks in to recharge the batteries.
“The powertrain in this vehicle can be applied to most trucks & SUVs, and is ideal for fleets, contractors and small business owners,” said David West, Raser’s vice president of marketing. “It delivers the payload of a pickup truck with better gas fuel economy than a Prius.”
Gary Rogers, president of FEV, Inc., and a member of the National Research Council’s Committee on the Effectiveness of Corporate Average Fuel Economy (CAFÉ) Standards, said, “Because most Americans drive less than 40 miles a day, this powertrain technology could have an enormous impact on reducing the amount of gasoline consumed every day, and support President Obama’s initiative to achieve significant improvements in fuel economy across all sectors of the light-duty fleet, including trucks and SUVs.”
The vehicle demonstration and press event will be held on Capitol Hill at the Upper Senate Park on the corner of Constitution and Delaware at 2 p.m. EDT.
More information on the Raser Hummer E-Rev can be found at www.rasertech.com/hummer. Raser will hold a number of media interviews at the Capitol in conjunction with this ceremony.
ibox updated!
added to ibox:
Mike Havrilla-Blog @ Seeking Alpha http://soundmoneytips.com/author/mike-havrilla/articles
Updated Calendar of 12 Extreme Trades on Pending FDA Decisions
Posted by: Mike Havrilla on May 19, 2009
http://biomedreports.com/blog/Updated-Calendar-of-12-Extreme-Trades-on-Pending-FDA-Decisions.html?blogger=Mike+Havrilla
CTIC -
Low Occurrence of Severe Cardiac Side Effects Despite Extensive Prior Doxorubicin Treatment Reported in Pixantrone Pivotal Trial
* On Tuesday May 19, 2009, 11:00 am EDT
http://finance.yahoo.com/news/Low-Occurrence-of-Severe-prnews-15290947.html?.v=1
FDA Calendar Updates: Acusphere, AspenBio, Alkermes
by: Mike Havrilla May 19, 2009
http://seekingalpha.com/article/138394-fda-calendar-updates-acusphere-aspenbio-alkermes?source=feed
THC -
May 19, 2009, 11:09 a.m. EST
Tenet Healthcare rallies on Goldman upgrade
http://www.marketwatch.com/story/tenet-healthcare-rallies-on-goldman-sachs-upgrade
By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) - Shares of Tenet Healthcare rallied as much as 20% on Tuesday after Goldman Sachs upgraded the company to buy from neutral and said the share value of the hospital operator could double.
Tenet Healthcare (THC 2.77, +0.52, +23.11%) jumped 42 cents, or 19%, to $2.67 on Tuesday morning.
Goldman Sachs analyst Shelly Gnall cited a favorable view of urban markets, continued margin improvement and removal of a leverage overhang as credit markets normalize.
Goldman lifted its price target for Tenet to $5 a share from $1 a share, and said the stock still has room to move up.
...
NRTLQ -
Nortel Expands Network Energy Efficiency Leadership
http://ih.advfn.com/p.php?pid=nmona&cb=1242731668&article=37787485
Nortel Unveils Next-Gen Core Enterprise Network Solution
http://ih.advfn.com/p.php?pid=nmona&cb=1242731668&article=37787487
( transmitted @_bbb_)
DVAX -
Dynavax Technologies Corporation (Nasdaq:DVAX), a clinical-stage biopharmaceutical company, today announced six abstracts presenting data at the American Thoracic Society (ATS) medical conference in San Diego, California May 15 - 20, 2009. Under a worldwide collaboration, Dynavax and its pharmaceutical partner AstraZeneca are discovering and developing novel therapies which represent a new strategy for the treatment of respiratory diseases such as asthma and chronic obstructive pulmonary disease (COPD).
Dynavax's six abstracts can be viewed at http://www.thoracic.org/ and are as follows:
Non-Human Primate Airway Cells Incubated with Various Classes of CpG-Containing Immunostimulatory DNA Sequences Demonstrate High Levels of IFN-a Production Accompanied with Low to Absent Levels of TNF-a - Abstract #656 Poster Session: D33 - Asthma Therapeutics - Studies in Animal Models Wednesday, May 20, 2009, 8:15 am - 4:00 pm
Comparison of Different Classes of Immunostimulatory DNA Sequences Recognizing Toll-Like Receptor (TLR) 9 in In Vitro and In Vivo Studies - Abstract #654 Poster Session: D33 - Asthma Therapeutics - Studies in Animal Models Wednesday, May 20, 2009, 8:15 am - 4:00 pm
CD154/Intracellular Cytokine Staining of Antigen-Specific T Cell Responses Functions as a Biomarker for Immunostimulatory DNA Sequence (ISS)-Induced Disease Modification in a Chronic Mouse Asthma Model - Abstract #646 Poster session: C30 - Inflammatory and Immunological Models of Asthma Tuesday, May 19, 2009, 8:15 am - 4:00 pm
Discovery of Novel Plasma Biomarkers for Monitoring Therapeutic Efficacy of Tolamba(TM), an Immunotherapeutic Vaccine for Ragweed Allergic Rhinitis - Abstract #1150 Poster Session: C31 - Mechanism of Inflammation in the Airway Monday, May 18, 2009, 8:15 am - 10:45 am
Allergen-Specific CD154 and Intracellular Cytokine Expression Is a Sensitive Biomarker of Th1/Th2 Balance Applicable for Measurement of Human T Cell Responses to Therapeutic Interventions - Abstract #3584 Poster Session: B21 - Airway Inflammation: New Information About Mediators and Biomarkers Tuesday, May 19, 2009, 8:15 am - 4:00 pm
ISS-induced Effects on a Population of CD11c+, PDCA-1-, CD11bhigh, GR-1mod, MHC Class IIlow (immature DC-like ) Cells in the Airways of Ragweed-Allergic Mice - Abstract #1066 Poster Session: C32 - Immune Cellular Network in Lung Inflammation Tuesday, May 19, 2009, 8:15 am - 4:00 pm
About the AstraZeneca Collaboration
In September 2006, Dynavax and AstraZeneca entered into a potential $136 million research and license agreement to discover, develop, and commercialize novel therapies for the treatment of asthma and COPD. Dynavax's Toll-like Receptor 9 (TLR9) agonist products are based on its proprietary Immunostimulatory sequences (ISS), which are short DNA sequences that specifically target TLR9 to stimulate the innate immune response.
( transmitted @_bbb_)
JGBO -
18.05.2009 16:51
Jiangbo Pharmaceuticals Reports Results for the Third Quarter of its Fiscal Year 2009
http://www.finanznachrichten.de/nachrichten-2009-05/13940683-jiangbo-pharmaceuticals-reports-results-for-the-third-quarter-of-its-fiscal-year-2009-008.htm
LAIYANG, China, May 18 /PRNewswire-Asia-FirstCall/ -- Jiangbo Pharmaceuticals, Inc. (BULLETIN BOARD: JGBO) ('Jiangbo' or the 'Company'), a U.S. pharmaceutical company with its principal operations in the People's Republic of China, today announced its financial results for the third quarter ended March 31, 2009 of its fiscal year 2009.
Third Quarter of Fiscal Year 2009 Highlights
-- Total revenue, which reflects newly associated expense restructuring, was $25.7 million, compared to $28.1 million in the corresponding quarter of 2008
-- Gross profit was $18.9 million, compared to $21.8 million in the corresponding quarter of 2008, and gross margin was 73.4% compared to 77.4% in the corresponding quarter of 2008
-- Operating income was $13.3 million, a 53.6% increase from $8.7 million for the three months ended March 31, 2008
-- Net income was $8.9 million, or $0.44 per fully diluted share, up from $4.5 million, or $0.46 per fully diluted share, for the three months ended March 31, 2008
-- Non-GAAP adjusted net income was $10.0 million, or $0.97 per weighted average share for the three months ended March 31, 2009, up 66.5% from non-GAAP adjusted net income of $6.0 million, or $0.61 per weighted average number of shares, for the quarter ended March 31, 2008
-- Acquired Shandong Hongrui Pharmaceutical Factory ("Hongrui") for approximately $11.2 million consisting of RMB58.6 million in cash (approximately $8.6 million) and 643,651 shares of Jiangbo's common stock amounting to approximately $2.6 million
-- Obtained the legal rights to manufacture and distribute Hongrui's 22 Traditional Chinese Medicines
-- Restructured its sales network to distribute products through 28 large regional distributors
-- Changed the corporate name from Genesis Pharmaceuticals Enterprises, (News) Inc. to 'Jiangbo Pharmaceuticals, Inc.' and its stock symbol from 'GNPH' to 'JGBO'.
-- Launched a new website: http://www.jiangbopharma.com/
'Jiangbo had strong financial performance in the third quarter of our fiscal year 2009. Significant increases in sales of Radix Isatidis Dispersible Tablets and Baobaole Chewable Tablets, both of which are Traditional Chinese Medicines, contributed to revenue and operating income growth,' said Mr. Wubo Cao, Chairman and Chief Executive Officer of Jiangbo.
Third Quarter of Fiscal Year 2009 Results
Total revenue for the three months ended March 31, 2009 was $25.7 million, compared to $28.1 million for the three months ended March 31, 2008.
In January 2009, Jiangbo restructured its distribution and sales system to concentrate on using 28 large independent regional distributors. The independent distributors agreed to take on higher direct marketing and sales expenses if they received lower unit prices for the Company's products. The Company lowered its per unit prices for its three major products to the independent distributors. Jiangbo's new strategy is to use independent distributors for the distribution and sale of its three major products in order to gain access to their knowledge of and access to specific local markets.
The Company lowered its unit prices charged to independent distributors by an average of 26.0% for Clarithromycin Sustained-released tablets, Itopride Hydrochloride granules and Baobaole chewable tablets. The decrease in revenue from lower prices for these three major products was partially offset by an increase in sales revenue from Radix Isatidis Dispersible tablets, a new product launched in December 2008, and other Traditional Chinese Medicines acquired from Hongrui in January 2009.
Sales volume for Clarithromycin Sustained-released tablets and Baobaole chewable tables was higher in the three months ended March 31, 2009 than in the three months ended March 31, 2008. Clarithromycin Sustained-released tablets, Itopride hydrochloride granules and Baobaole chewable accounted for approximately 88.6 % of the total revenue in the three months ended March 31, 2009. Sales volume for Radix Isatidis Dispersible tablets grew throughout the three months ended March 31, 2009.
Gross profit in the third quarter of fiscal year 2009 was $18.9 million, compared to $21.8 million in the prior year's corresponding period. Gross margin was 73.4%, compared to 77.4% in the prior year's corresponding period because of the impact of lower unit sale prices for the Company's three major products.
Research and development costs were $1.1 million for the three months ended March 31, 2009, compared to $1.0 million for the three months ended March 31, 2008.
Selling, general and administrative expenses were $4.5 million for the three months ended March 31, 2009, a decrease of 63.1% from $12.1 million in the three months ended March 31, 2008. Salaries, wages and related benefits decreased by 73.1% from $7.5 million for the three months ended March 31, 2008 to $2.0 million for the three months ended March 31, 2009 primarily because of the significant decrease in commissions paid to the Company's sales representatives. Overall sales commissions declined as a result of cost savings associated with the increased use of 28 independent distributors.
Income from operations was $13.3 million for the three months ended March 31, 2009, a 53.6% increase from $8.7 million for the three months ended March 31, 2008.
Other expense, comprised primarily of interest earned, interest owed and amortized debt discount, was $1.1 million compared to $2.0 million for the three months ended March 31, 2008.
Net income for the three months ended March 31, 2009 was $8.9 million, $0.44 diluted earnings per share, compared to $4.5 million, and $0.46 diluted earnings per share, for the three months ended March 31, 2008.
Excluding a loss from discontinued operations of $103,008, a gain on trading securities of $204,134, and amortization of debt discount and issuance costs related to convertible debentures of $1.2 million, non-GAAP adjusted net income for the three months ended March 31, 2008 was $10.0 million, $0.97 per share, compared to adjusted net income of $6.0 million, $0.61 per share, for the three months ended March 31, 2008.
Nine Month Operating Highlights
Total revenue for the nine month period ended March 31, 2009 was $86.2 million, up 21.0% from $71.3 million for the nine month period ended March 31, 2008.
Gross profit for the nine month period ended March 31, 2009 totaled $66.5 million, up 24.2% from $53.5 million for the nine month period ended March 31, 2008. Gross profit margin was 77.1% for the nine month period ended March 31, 2009, compared to 75.1% for the corresponding period in 2008.
Operating income for the nine month period ended March 31, 2009 totaled $32.1 million, a 45.3% increase from $22.1 million in the corresponding period in 2008. The Company's operating margin increased to 37.2% from 31.0% compared to the same period in 2008, as result of the Company's continuing efforts to reduce its expenses and control its costs.
Net income for the nine month period ended March 31, 2009 was $17.4 million, $1.27 diluted earnings per share, compared to $12.9 million, $1.14 diluted earnings per share, for the corresponding period in 2008. Total shares outstanding as of May 14, 2009 were 10,351,448.
Excluding a loss from discontinued operations of $1.7 million, a loss on trading securities of $1.3 million, and amortization of debt discount and issuance costs related to convertible debentures of $3.2 million, non-GAAP adjusted net income for the nine month period ended March 31, 2008 was $23.5 million, $2.37 per share, compared to adjusted net income of $14.8 million, $2.28 per share, for the nine month period ended March 31, 2008.
Financial Condition
As of March 31, 2009, the Company had $86.1 million in cash and restricted cash. Working capital was $85.6 million, up from $72.5 million as of June 30, 2008. Current liabilities were $27.4 million and convertible debt, net of $29.8 million discount, was $5.0 million. Shareholders' equity was $113.9 million, compared to $95.5 million as of June 30, 2008.
The Company generated $41.1 million in cash flow from operating activities in the first nine months of its fiscal year 2009, compared to $17.7 million for the first nine months of its fiscal year 2008. The Company believes that its strong cash position will sustain its future working capital needs and successfully implement its growth strategies which include the expansion of manufacturing facilities.
...
GNW & COIN
Genworth Financial Retires $330 Million of Debt
http://ih.advfn.com/p.php?pid=nmona&cb=1242653828&article=37773095&symbol=NY%5EGNW
Whole Foods Market® Stores Carrying Converted Organics’ All-Natural Fertilizers
http://ih.advfn.com/p.php?pid=nmona&cb=1242653828&article=37773167&symbol=N^COIN
Homepage down !!?
Error404 - The document you requested is not found.
DVAX & NRTLQ -
Dynavax Announces Data Presentations at American Thoracic Society Medical Conference
http://ih.advfn.com/p.php?pid=nmona&cb=1242650930&article=37769493&symbol=N%5EDVAX
BT and Nortel Sign New Four Year Global Trading Agreement
http://ih.advfn.com/p.php?pid=nmona&cb=1242650930&article=37771033
( transmitted @_bbb_)
Time Warner Inc. Completes US$241.5 Million Investment for 31% Interest in Central European Media Enterprises Ltd., A Leading Central & Eastern European Media Company
18.05.2009 14:36
Central European Media Enterprises Ltd. (News) ("CME") (Nasdaq/Prague Stock Exchange: CETV) and Time Warner Inc. (News/Aktienkurs) (”Time Warner”) (NYSE:TWX) today announced that Time Warner’s investment in CME, a leading media company in Central and Eastern Europe, has closed. The companies previously announced the signing of the transaction on March 23, 2009.
Time Warner received 19 million newly issued common shares of CME, consisting of 14.5 million shares of Class A Common Stock at a price of US$12.00 per share and 4.5 million shares of Class B Common Stock at a price of US$15.00 per share. Together, these shares now held by Time Warner represent an approximate 31% interest in CME. CME received cash consideration of $241.5 million.
Also, in connection with the transaction, Time Warner has agreed to allow CME founder and Non-Executive Chairman Ronald S. Lauder to vote Time Warner’s shares of CME for at least four years, subject to certain exceptions. Mr. Lauder has pledged to support Time Warner’s appointment of two of its designees to CME’s board of directors.
Citigroup served as financial advisor to Time Warner. J.P. Morgan served as CME’s financial advisor.
About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks, filmed entertainment, publishing and interactive services, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution platforms. For more information about Time Warner Inc., please visit www.timewarner.com.
About CME
CME is a broadcasting company operating leading networks in seven Central and Eastern European countries with an aggregate population of approximately 97 million people. CME's television stations are located in Bulgaria (TV2 and Ring TV), Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema and NovaSport), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (Markíza), Slovenia (POP TV, Kanal A) and Ukraine (Studio 1+1, Studio 1+1 International and Kino). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol "CETV."
Forward-Looking Statements
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, as well as other factors affecting the operation of the businesses of Time Warner and CME. More detailed information about these factors may be found in filings by Time Warner Inc. and CME with the Securities and Exchange Commission, including their most recent annual reports on Form 10-K and quarterly reports on Form 10-Q. Time Warner and CME are under no obligation to, and expressly disclaim any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts:
Time Warner Inc. Corporate Communications
Edward Adler, 212-484-6630
Edward.Adler@timewarner.com
or
Keith Cocozza, 212-484-7482
Keith.Cocozza@timewarner.com
or
Central European Media Enterprises
Romana Tomasova, +420 242 465 525
romana.tomasova@cme-net.com
... -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37842802
make your own DD
target: if you can wait (if you are LONG) IMO - you only can win
...CTIC (next leg up?)
Seaspan Takes Delivery of Fourth New Containership in 2009
http://www.seaspancorp.com/releasedetail.cfm?ReleaseID=384437
SSW -
Seaspan Takes Delivery of Fourth New Containership in 2009
http://www.seaspancorp.com/releasedetail.cfm?ReleaseID=384437
( transmitted @_bbb_)
I would welcome this! -
Posted by: hinnelton Date: Sunday, May 17, 2009 12:45:08 PM
In reply to: 0815ax who wrote msg# 15353 Post # of 15361
But judging just by the chart and major increase in volume, this one looks ready for the next leg up!
> I would welcome this, but IMO (for the moment - without news) PUMP & DUMP!
...in avg. $0.009 (08,2008)
with/after xx R/S
... -
http://www.finanznachrichten.de/nachrichten-2009-02/13022366-universal-property-development-retains-investment-consultant-to-raise-capital-in-dubai-prepares-extensive-drilling-program-in-southeastern-kansas-004.htm
04.02.2009 15:15
Universal Property Development Retains Investment Consultant to Raise Capital in Dubai - Prepares Extensive Drilling Program in Southeastern Kansas
Universal Property Development and Acquisition Corporation (News) (Pink Sheets:UPDV) has executed a consulting agreement designed to raise up to $85 million from investors in Dubai and the UAE in order to drill as many as 500 new wells along the natural gas pipeline and gathering system owned by Heartland Oil and Gas Corp. (Pink Sheets:HTOG) in Southeastern Kansas.
”This new drilling program will allow us to take advantage of the massive investment we’ve already made in Southeastern Kansas,” remarked Tim Brink, CEO of both Universal and Heartland as well as Continental Fuels Corp. (Pink Sheets:CNFU). ”We have more than 30 producing wells out there and many miles of pipeline along which we can drill over 100 wells without further expansion. Our new consultant indicates that they are experiencing great interest in this project from their clients in Dubai and the rest of the UAE and, as soon as we can complete the necessary paperwork, we are very confident of great results.”
The contemplated program involves equity investment into a new limited partnership for which Universal will serve as general partner. Once drilling is initiated, it is anticipated that 500 wells can be drilled, completed and connected within 3 years.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contacts:
Universal Property Development and Acquisition Corporation
Jack Baker (Investor Relations), 561-630-2977
info@universalpropertydevelopment.com
0815ax-ihub-section updated...
Powerwave Garners TechAmerica High-Tech Innovation Award
Supporting Next-generation 4G Wireless Networks, Powerwave’s WiMAX Remote Radio Head Wins Orange County Chapter’s Innovative Product/Technology Category
SANTA ANA, Calif., May 15, 2009 -
Powerwave Technologies, Inc. (NASDAQ:PWAV), a global leader in end-to-end wireless coverage and capacity solutions, today announced its WiMAX remote radio head, a key component powering next-generation 4G wireless networks, has won a High-Tech Innovation Award from TechAmerica Orange County.
The awards event, held May 14 at the Hilton Costa Mesa, recognized groundbreaking companies, individuals and products from organizations in the Orange County and Inland Empire region that are driving technology innovation.
“We are honored to receive a High-Tech Innovation Award representing the best of technology innovation and excellence here in Southern California, which is well known as a technology hotbed,” said Ronald J. Buschur, president and CEO, Powerwave Technologies. “As a wireless infrastructure leader, we’re proud to power the world’s most innovative wireless coverage systems, helping OEMs and operators leverage innovative products such as our WiMAX remote radio head to address the mobile demands of today and tomorrow.”
Powerwave’s WiMAX remote radio head (RRH) leverages the company’s technology architecture first developed for its UMTS remote radio head. Designed for versatility, the Powerwave WiMAX RRH can mount on a tower, pole or roof top, and its advanced system architecture is based on a modular platform providing the ability to quickly migrate to LTE applications or other types of modulation through firmware adaptation and simple hardware changes. Powerwave’s portfolio of 4G infrastructure products includes antennas, tower-mounted amplifiers (TMAs), multi-carrier power amplifiers (MCPAs), and radio heads, along with service and software solutions designed to reduce deployment costs and complexity, giving network operators a distinctive time-to-market advantage.
Powerwave has fielded nearly 50,000 remote radio heads around the globe, supporting all manner of air interfaces and technologies.
Now in its 16th year, the High-Tech Innovation Awards are sponsored by the AeA, the largest association of high-tech companies in the United States with approximately 1,500 companies. Representing organizations of all sizes from the public and commercial sectors of the economy, TechAmerica is the leading voice for the U.S. technology industry, which is the driving force behind productivity growth and jobs creation in the United States, as well as the foundation of the global innovation economy.
“This year’s High-Tech Innovation award recipients exemplify the high caliber companies, individuals and products that Orange County is known for producing,” said Don Hicks, executive director, TechAmerica Orange County. “Powerwave is not only a standout within our part of the world, but they’re impacting mobile communications on a global scale, leveraging their technology and expertise to wirelessly connect people around the world.”
In addition to the awards, TechAmerica Orange County recognized educators and students for their innovative use of science, math and technology in the classroom and the community in conjunction with Project Tomorrow, the nation’s leading education nonprofit group focused on preparing today’s students to be tomorrow’s innovators. For more information about this year’s event, please visit http://www.aeanet.org/ocawards.
About Powerwave Technologies
A global leader in end-to-end wireless coverage and capacity solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including Antennas, Base Station Solutions and Coverage Solutions. Powerwave’s product line supports all wireless network protocols and frequencies including Next Generation Networks in 4G technology such as WiMAX and LTE. Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at http://www.powerwave.com/. Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
Q1/2009 CC-Presentation
http://rasertech.com/wp-content/uploads/1Q_09_raser.pdf
COIN -
Converted Organics Inc. Announces First Quarter Sales of Approximately One-Half Million Dollars
Date : 05/15/2009 @ 6:58PM
http://ih.advfn.com/p.php?pid=nmona&cb=1242539090&article=37758846&symbol=N^COIN
Converted Organics Inc. (NASDAQ:COIN) announced today that sales of its organic fertilizer products and tip fees totaled $492,000 for the first quarter of 2009.
"While the results are not in line with our expectations, we are pleased with our progress in the first quarter," said Edward J. Gildea, President of Converted Organics. "Growing sales of our organic fertilizer products and achieving efficiency in our plant in New Jersey remain our top priorities, and we welcome the opportunity to update shareholders on the status of the business next week.”
Converted Organics' management will update shareholders on recent business developments in a conference call scheduled for 10:00 a.m. ET on Thursday, May 21, 2009.
Shareholders who wish to participate in the conference call may telephone 877-869-3847 from the U.S. or 201-689-8261 from international locations, approximately 15 minutes prior to the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing 877-660-6853 from the U.S. or 201-612-7415 from international locations, using account # 331 and ID # 323702. The call will also be broadcast simultaneously via a live webcast on the Converted Organics website at www.convertedorganics.com under the tab Investors and submenu Events & Presentations.
Six insurers cleared to accept TARP money
Genworth, Phoenix, Protective Life not offered government support
May 15, 2009, 4:30 p.m. EST
http://www.marketwatch.com/story/treasury-to-hand-insurers-tarp-billions-wsj
ibox updated!
Short Interest (Record Date: 2009-MayA)
http://shortsqueeze.com/?symbol=rz&submit=Short+Quote%99
Short Interest (Shares Short) 7,268,200
Days To Cover (Short Interest Ratio) 16.8
Short Percent of Float 16.35 %
Short Interest - Prior 7,129,500
Short % Increase / Decrease 1.95 %
Short Squeeze Ranking™ -173
% From 52-Wk High ($ 11.79 ) -203.87 %
% From 52-Wk Low ($ 2.15 ) 44.59 %
% From 200-Day MA ($ 3.83 ) 1.29 %
% From 50-Day MA ($ 4.05 ) -4.38 %
Price % Change (52-Week) -62.80 %
Shares Float 44,460,000
Total Shares Outstanding 64,482,871
% Owned by Insiders 38.57 %
% Owned by Institutions 19.90 %
Market Cap. $ 250,193,539
Trading Volume - Today 184,410
Trading Volume - Average 431,600
Trading Volume - Today vs. Average 42.73 %
Earnings Per Share -0.79
PE Ratio
Record Date 2009-MayA
ibox updated!
The 100 mpg Electric Hummer
http://www.rasertech.com/download/14/
How Raser's Binary Geothermal Power Generation Works
http://www.rasertech.com/download/8/
Raser Technologies initiated with "market perform"
04/24/09 - Rodman & Renshaw
http://www.newratings.com/en/main/company_headline.m?id=1905272
NEW YORK, April 24 (newratings.com) - Analysts at Rodman & Renshaw initiate coverage of Raser Technologies (RZ) with a "market perform" rating.
Raser Technologies’ Plant Named Geothermal Power Plant of the Year
Date : 05/14/2009 @ 2:43PM
http://ih.advfn.com/p.php?pid=nmona&cb=1242484625&article=37731484&symbol=NY^RZ
RZ to Present at the Eighth Annual JMP Securities Research Conference
Date : 05/14/2009 @ 10:25AM
http://ih.advfn.com/p.php?pid=nmona&cb=1242484625&article=37726706&symbol=NY^RZ