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I am already retired and did so very early from trading stock.Now with owning FHAL and a boatload of free shares...My kids,grandkids and great grandkids will be well taken care of.WOOOOOOOOOOHOOOOOOOOO.
I aint sellin no matter what,when we open at 15.That is being to short sighted in my opinion.I am hanging around for the Nasdaq and then the real money and dividends from spin-offs.Good luck to all.
Austin
Bob Zimmerman temporary disabled that feature yesterday to ease the lag on the site
Bid higher than ask...MM's are screaming for shares
FHAL chart
That was awesome JJ...Y'all did a great job and it really cleared up a lot of confusion for the shareholders.Thanks for having that tonight.
This party has not even started yet.Y'all thought the last week or so has been fun.Next couple of weeks are going to be a absoulute blast.I think it is great,that the little guy is making out in this deal.That don't happen very often in the markets,but it's happening here.....Ya ain't in Kansas anymore Dorthy....lol you in the bigtime on easy street....lol
For what its worth.Things seem to be running better for me anyways
EBOF continues here is link to chart,she done did popped above the 50 .......MOOOOOOOOOOOOOOOOO
http://www.investorshub.com/boards/read_msg.asp?message_id=12111451
Looking real good Jae,I have a bunch of freebies waiting on a hurricane and/or news like they had this morning.I also bought more this morning.GOOOO CHDT
http://www.investorshub.com/boards/read_msg.asp?message_id=12044030
FHAL,I think this one is the ultimate daytrading stock and will continue to be that way,at least up until they finalize the merger.
Theres some serious money to be had,flippin in and out of this one.
Yes dragging real bad here to.I see lots of folks complaining about it today.I think they are having a influx of people from yahoo since yahoo changed there message boards and i dont think ihub servers can keep up.But what do i now about servers.I am a retired truck driver for crying out loud...lol
Nice,way to MOOOOOOOOOOOOOOOOOOO
Ok,this was posted by me last night on the FHAL board,while in a half drunken stupor.So take it for what it;s worth....lol
Posted by: Austin6310
In reply to: None
Date:7/20/2006 12:45:48 AM
Post # [Max field length is unknown] of 5067
FHAl.OB,everyone else has given there two cents worth about the merger with CVSU.PK ...Well here is my take in as simple of terms as I can possibly come up with .....Whatever the closing price is,when the merger is finalized and we will use 7.00 dollars a share for my example.I am not saying that it will be 7 dollars,it is just a figure to use here.
At a 7 dollar close when merger is final.The CVSU.PK shareholder will then receive 8 dollars cash per share from the new entity CVSU.OB,...they will also keep all there shares.The 8 dollars will make up for the price difference that adds up to 15 dollars a share,which will be the opening price the day after merger is complete.
The FHAL.OB share owners.Which will also be CVSU.OB shareholders post merger....Will not get that cash difference paid to them......But it will open up at 15 post merger.We will have all our shares at the close of the merger and post merger.There will be no RS,according to the powers that be....After the merger,we become one company and will be trading under the ticker symbol CVSU.OB.... Then we are on our own as to what we want to do with our shares,as in hold,buy or sell.But they will be worth 15 dollars a share at the opening of the market post merger.
They have already announced that this will open at 15,post merger..The only difference in the two companies shareholders at the time of the finalized merger.Is CVSU.PK gets whatever the difference is in the price from close to open in a cash payout from the new company CSVU.OB.
CVSU.PK and FHAL.OB shareholders will be the same after the merger.They cannot or could never have two different sets of rules or stock prices post merger for the average joe shareholder... We will all be one in the same company trading at 15 dollars a share upon the opening of the maket that first day postmerger.
The only way FHAL shareholders can get screwed.Is if they dont finalize this merger and/or it opens 15 then drops like a rock.I personally believe this merger will go through and be finalized.But down here in BB and Pinkieland,anything can happen.So play this one with extreme caution imho.
I have thought about what will happen after the merger,when we open up at 15....I wonder if there will be a fire sale or will there be enough new buyers to take it higher or keep it stable.
I know I stand to make a boatload dollars from my free shares when it opens at 15 and I know there are a lot of folks out there who stand to make a hell of a lot more than that at the open of 15.Hopefully there are buyers on opening day.So that first day at 15 will be interesting if they do finalize this merger.
Anyone remember SPEA going from a few pennies to about 25 or so dollars a share in a few weeks,on a merger?Could lighting strike twice?As long as this deal is finalized,I think it can.
Ok I know some of ya are still confused and I know my take on it and writing expression skills didnt help...lol.So Call the company or a financial guru,maybe a SEC Lawyer and ask them for some guidance or just don't trade it.Thats the safest bet....anything can happen in pennyland,good or bad.
Good luck to all,in any way ya play this one.
Austin
"Bravery is being the only one who knows you're afraid." - Col. David H. Hackworth
Go CWPC i picked that up the other day a little to early but i hung onto it and now it is lookin better.
http://www.investorshub.com/boards/read_msg.asp?message_id=12086048
PTSC chart link,can we say Boing....lol
http://www.investorshub.com/boards/read_msg.asp?message_id=12090409
TIDE coming back into that load em up zone.The difference this time though,is they filed a SB-2 for almost 23,000,000 on 7/7/2006 so it may go lower till that sb-2 is done.
Thanks JJ,pm me the password when ya get it set up.That is if ya remember to...lol I know you are busy here on this board right now.I will remind ya if ya dont
Could it be possible you could put a link to the transcript in the IBOX.That is if you get a transcript of the interveiw.Thanks.
Austin
I can thank my Mom,cause i would have sold most of that yesterday if not for what happened to her..lol Thats why I said earlier today I was gonna buy her a new car..I am such a wonderful son....sometimes...lol
FHAl.OB,everyone else has given there two cents worth about the merger with CVSU.PK ...Well here is my take in as simple of terms as I can possibly come up with .....Whatever the closing price is,when the merger is finalized and we will use 7.00 dollars a share for my example.I am not saying that it will be 7 dollars,it is just a figure to use here.
At a 7 dollar close when merger is final.The CVSU.PK shareholder will then receive 8 dollars cash per share from the new entity CVSU.OB,...they will also keep all there shares.The 8 dollars will make up for the price difference that adds up to 15 dollars a share,which will be the opening price the day after merger is complete.
The FHAL.OB share owners.Which will also be CVSU.OB shareholders post merger....Will not get that cash difference paid to them......But it will open up at 15 post merger.We will have all our shares at the close of the merger and post merger.There will be no RS,according to the powers that be....After the merger,we become one company and will be trading under the ticker symbol CVSU.OB.... Then we are on our own as to what we want to do with our shares,as in hold,buy or sell.But they will be worth 15 dollars a share at the opening of the market post merger.
They have already announced that this will open at 15,post merger..The only difference in the two companies shareholders at the time of the finalized merger.Is CVSU.PK gets whatever the difference is in the price from close to open in a cash payout from the new company CSVU.OB.
CVSU.PK and FHAL.OB shareholders will be the same after the merger.They cannot or could never have two different sets of rules or stock prices post merger for the average joe shareholder... We will all be one in the same company trading at 15 dollars a share upon the opening of the maket that first day postmerger.
The only way FHAL shareholders can get screwed.Is if they dont finalize this merger and/or it opens 15 then drops like a rock.I personally believe this merger will go through and be finalized.But down here in BB and Pinkieland,anything can happen.So play this one with extreme caution imho.
I have thought about what will happen after the merger,when we open up at 15....I wonder if there will be a fire sale or will there be enough new buyers to take it higher or keep it stable.
I know I stand to make a boatload dollars from my free shares when it opens at 15 and I know there are a lot of folks out there who stand to make a hell of a lot more than that at the open of 15.Hopefully there are buyers on opening day.So that first day at 15 will be interesting if they do finalize this merger.
Anyone remember SPEA going from a few pennies to about 25 or so dollars a share in a few weeks,on a merger?Could lighting strike twice?As long as this deal is finalized,I think it can.
Ok I know some of ya are still confused and I know my take on it and writing expression skills didnt help...lol.So Call the company or a financial guru,maybe a SEC Lawyer and ask them for some guidance or just don't trade it.Thats the safest bet....anything can happen in pennyland,good or bad.
Good luck to all,in any way ya play this one.
Austin
FHAL,sold some more this afternoon,I am down to 70,000 free ones.I think this thing is gonna need a break here soon and then maybe it will go higher.But with that said,I never thought it would go to 1.55...lol shows what I know.I may sell some more tomorrow,just have to see how it plays out.Then again I may hold all my freebies through the pull back if one comes and see if it goes to new highs before merger is finalized.Decisions Decisions...I guess thats the luxury of holding free ones and having a nice profit locked in already.I do know that no matter what else i do I am gonna at least keep 25,000 freebies just to see what the heck happens if the merger does get finalized.
Last post for the day all...My Wife isn't speechless....lol She is dancin all around the room...lol I never thought the other day, when I bought my 150,000 FHAL shares at .227 avg. that this thing would go this high.I have only unloaded 35,000 shares thus far.The rest of these 115,000 shares are actually free ones now...lol
I am just throwing caution to the wind and gonna ride it as long as I can...lol I don't know just yet if I will sell the rest today or not.This thing is a absoulute Monster.Just gonna play it on the fly. WOOOOOOHOOOOOOOO MOOOOOOOOOOOOO Have a great day all.We are breakin out the bubbly...lol
YHOO, gettin the hell kicked out of it...trying some for a big bounce it is 26.04 down 6.20
FHAL,this is freakin amazing,1.18 and I have only unloaded a small amount thus far.everytime i sell the freakin monster goes higher.I am not complaining though.MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
EBOF lookin good lately
Ha! yes I could see her cruising around town in that...I would only buy it for her if i could come over and borrow it on a saturday night...lol FHAL,we got our buck now,hmmmmmm when to unload...lol Gonna sell 90% and hang on to 15,000 free ones just in case the 15 dollars a share everyone keeps saying they will get is true.
FHAL,I am holding out for the buck,we might get it here.Greed has difinately set in with me on this one,not a good thing,I havnt taken one share off the table yet and I am in at a average of .227 with a royal boatload of shares.When I do finally start cashin in,I think I will buy my Mom a new car.It might make her feel better ahhhhhh.....Damn I am such a good Son...lol
GTE,still halted and locked down for second day in a row.I damn near bought back in late last week.I feel bad for the ones in now.The rumor floating around is they are getting delisted from the AMEX.
Top of the mornin to ya Bill and all
FHAL gapping up .68 x .69 eom
SQMN,chart is below news
City of Hope to Use Sequenom's MassARRAY(R) System and Portfolio of Application Tools for Cancer Research
Sequenom, Inc. logo. (PRNewsFoto)
SAN DIEGO, CA USA 05/23/2005
SAN DIEGO, July 19 /PRNewswire-FirstCall/ -- Sequenom, Inc. (Nasdaq:
SQNM) announced today that City of Hope National Medical Center (City of
Hope) has purchased Sequenom's MassARRAY genetic analysis system and
portfolio of application tools for the Center's molecular marker research
and individualized cancer care initiatives.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040415/SQNMLOGO )
"We will utilize Sequenom's platform and applications for quantitative
gene expression and methylation (epigenetic) studies. In addition, we will
use the high throughput genotyping application as an integral part of our
on-going research both to identify individuals at high risk for developing
cancer, and to aid in the development of therapeutic modalities based on
the unique genetic profile of a given patient," said Garry Larson, Ph.D.,
Associate Research Scientist, City of Hope. "The MassARRAY platform is
unique and particularly well-suited to our needs because it enables us to
perform many different types of analysis in a cost-effective manner and on
a single platform."
"The National Cancer Institute has designated City of Hope a
'Comprehensive Cancer Center,' one of just a handful of such elite
institutions nationwide, and we are excited that their researchers will use
the MassARRAY platform for their pioneering cancer studies involving
epigenetics," said Harry Stylli, Ph.D., President and Chief Executive
Officer of Sequenom. "Epigenetic analysis has significant clinical
potential in cancer research and other fields. Our MassARRAY technology
enables this important analysis and will help accelerate advancements in
understanding and potentially treating cancer and other diseases."
Other prominent cancer research institutions that have selected
Sequenom's MassARRAY technology platform include M.D. Anderson's Kleberg
Center and the Roswell Park Cancer Institute.
About City of Hope National Medical Center
Founded in 1913 and located northeast of Los Angeles in Duarte,
California, City of Hope is an innovative biomedical research, treatment,
and educational institution dedicated to the prevention and cure of cancer
and other life-threatening diseases. City of Hope is guided by a
compassionate patient-centered philosophy and is supported by a national
foundation of humanitarian philanthropy. Through a combination of
patient-centered care, state-of-the-art treatment and groundbreaking
research, City of Hope is a world-renowned leader in the fight against
cancer, diabetes, HIV/AIDS, and other devastating diseases.
About Sequenom
Sequenom is committed to providing the best genetic analysis products
that translate genomic science into superior solutions for non-invasive
prenatal testing, biomedical research, molecular medicine and agricultural
applications. The Company's proprietary MassARRAY system is a
high-performance DNA analysis platform that efficiently and precisely
measures the amount of genetic target material and variations therein. The
system is able to deliver reliable and specific data from complex
biological samples and from genetic target material that is only available
in trace amounts. The Company has exclusively licensed intellectual
property rights for the development and commercialization of non-invasive
prenatal genetic tests for use with the MassARRAY system and other
platforms.
Sequenom(R) and MassARRAY(R) are trademarks of Sequenom, Inc.
Except for the historical information contained herein, the matters set
forth in this press release, including statements regarding the City of
Hope National Cancer Center's expected use of the MassARRAY platform and
applications, the clinical potential of epigenetic analysis, and
acceleration of advancements in understanding and potentially treating
cancer and other diseases, are forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are subject
to risks and uncertainties that may cause actual results to differ
materially, including the risks detailed from time to time in Sequenom's
SEC filings, including Sequenom's Annual Report on Form 10-K for the year
ended December 31, 2005, and its most recently filed quarterly report on
Form 10-Q and subsequent filings. These forward-looking statements are
based on current information that is likely to change. You are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement,
and Sequenom undertakes no obligation to revise or update any
forward-looking statement to reflect events or circumstances after the
issuance of this press release.
SOURCE Sequenom, Inc.
Related links:
# http://www.sequenom.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20040415/SQNMLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
# http://www.prnewswire.com/comp/124192.html /
Issuers of news releases and not PR Newswire are solely responsible for the accuracy of the content.
Terms and conditions, including restrictions on redistribution, apply.
Copyright © 1996-2006 PR Newswire Association LLC. All Rights Reserved.
A United Business Media company.
OGHC,may get a pop with this news this morning,Chart is below the news..
On The Go Announces $313,400 in Shipments to International Internet Protocol Television Company
Company Expects Additional Orders in Coming Weeks
CONCORD, Ontario, July 19 /PRNewswire-FirstCall/ -- On The Go
Technologies Group (OTC Bulletin Board: OGHC), a leading multi-industry
computer hardware, software and systems integrator, announced today that
the company's entertainment division has shipped three hardware orders
totaling $313,400 to the Toronto headquarters of an international Internet
television distribution company.
With offices in Toronto, New York and Dubai, this new customer is a
pioneer in the Internet Protocol Television (IPTV) market, providing
full-screen news, sports and entertainment content on a real-time basis
from all corners of the globe. Subscribers from more than 80 countries who
view channels on an online network via ordinary Internet connections are
effectively connected to media from their native land and others in their
ethic community.
OTG President and CEO Stuart Turk said, "This is a groundbreaking
industry. We believe our cutting-edge technology products and services are
a great match for the company's needs, both now and as it expands. This is
a strong addition to our year-end revenue."
About On The Go Technologies Group
On The Go Technologies Group is a leading North American corporation
focused on acquiring versatile and profitable companies in the IT sector.
OTG has established itself as a respected industry competitor through its
five divisions: value-added resellers Compuquest and Infinity Technologies,
which cater to Fortune 1000 clientele and vendors such as HP, Apple, IBM,
SGI, Extreme Networks and Adobe; Helios|Oceana, a prominent systems
integrator in the U.S. and Canadian entertainment and education industries;
Island Corporation, compiling sophisticated digital solutions and networks
for the medical community; and Go Motion + Design, the company's complete
in-house multimedia studio. The company's intention is to maintain
sustained growth in the years to come via continued development in its
existing divisions and an aggressive acquisition schedule. For more
information, visit http://www.oghc.com or
http://www.onthegohealthcare.com/video .
To view a company profile, visit
http://www.hawkassociates.com/onthego/profile.php .
To be added to On The Go Technologies Group's e-mail list for company
news, visit http://www.onthegohealthcare.com/new_site/inv_pkg_form.htm and
http://www.hawkmicrocaps.com/emarketer.asp .
For investor relations information, contact Frank Hawkins or Julie
Marshall, Hawk Associates, at (305) 451-1888, e-mail:
info@hawkassociates.com.
This press release contains forward-looking statements that involve a
number of risks and uncertainties. These forward-looking statements
contains words such as "expects," "believes," "anticipates" and "intends."
Important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements include, but are not
limited to, economic conditions affecting the B2B environment; continued
ability to obtain hardware, software and peripherals at competitive costs;
the company's ability to finance its planned expansion efforts; the
company's ability to manage its planned growth; and changes in regulations
affecting the company's business and such other risks disclosed from time
to time in the company's reports filed with the Securities and Exchange
Commission. The company does not intend to update any of the
forward-looking statements after the date of this document to conform these
statements to actual results or to changes in management's expectations,
except as required by law.
SOURCE On The Go Technologies Group
Related links:
# http://www.oghc.com
Issuers of news releases and not PR Newswire are solely responsible for the accuracy of the content.
Terms and conditions, including restrictions on redistribution, apply.
Copyright © 1996-2006 PR Newswire Association LLC. All Rights Reserved.
A United Business Media company.
LUV,is southwest airlines and they had a strong 2nd quarter compared to last year.Chart also posted under news...
DALLAS, July 19 /PRNewswire-FirstCall/ -- Southwest Airlines (NYSE:
LUV) today reported second quarter 2006 net income of $333 million, or $.40
per diluted share, compared to $144 million for second quarter 2005, or
$.18 per diluted share.
The Company's second quarter 2006 and 2005 net income included
unrealized gains/losses associated with Statement of Financial Accounting
Standard (SFAS) 133, "Accounting for Derivative Instruments and Hedging
Activities," as amended. Excluding these unrealized SFAS 133 gains/losses,
net income for second quarter 2006 increased 87.0 percent to $273 million,
or $.33 per diluted share, compared to $146 million, or $.18 per diluted
share for second quarter 2005. These results exceeded First Call's mean
estimate of $.26 per diluted share for second quarter 2006.
Gary C. Kelly, CEO, stated: "We are delighted to report a record
quarterly earnings performance. Excluding SFAS 133 items, our second
quarter 2006 earnings of $273 million increased 87 percent over last year's
earnings of $146 million, despite significantly higher fuel prices. Our
strong earnings growth resulted from record quarterly revenues of $2.45
billion, which increased 26 percent, or 17.5 percent per available seat
mile. With reduced capacity by our airline competitors, demand for
Southwest service was robust, resulting in a record quarterly load factor
performance of 78.0 percent, up 5.5 points from second quarter 2005. We
generated higher revenue yields to offset significantly higher jet fuel
prices, but clearly remain the Low Fare Leader in America. We are committed
to maintaining our low cost/high value service for our Customers. Thus far,
strong load factor trends have continued in July, and Customer bookings for
the remainder of third quarter 2006 are strong. Based on our July results
to date, we expect strong year-over-year unit revenue trends again in third
quarter 2006.
"Our unit costs increased 11.6 percent largely due to higher jet fuel
prices. We had a $225 million second quarter 2006 cash benefit from our
fuel hedging position; however, our second quarter 2006 jet fuel costs per
gallon increased 39.2 percent to $1.42 per gallon. We are over 73 percent
hedged for the remainder of 2006 at approximately $36 per barrel; 65
percent in 2007 at $41 per barrel; 38 percent in 2008 at $40 per barrel; 34
percent in 2009 at $44 per barrel; and 12 percent hedged in 2010 at $61 per
barrel. While we cannot control the price of energy, we have insured
ourselves with years of price protection that will allow us time to make
the necessary changes to maintain our profitability and financial health.
"Based on our third quarter 2006 hedge position and current market
prices, we expect our third quarter 2006 jet fuel cost per gallon
(economic) to substantially increase from third quarter 2005's 95 cents and
exceed second quarter 2006's $1.42. We have many efforts underway to
conserve fuel, and we are pleased to announce our decision to install
Aviation Partners Boeing Blended Winglets on up to 90 of our Boeing 737-300
aircraft with 59 firm orders and 31 options. Installations are planned to
begin in early 2007.
"Excluding fuel, unit costs increased 4.9 percent to 6.68 cents in
large part due to higher revenues and profits. Revenue driven costs, such
as credit card discounts, rose 22.4 percent to $73 million and,
profit-sharing expense rose 63.3 percent to $74 million in second quarter
2006. Based on current unit operating cost trends, excluding fuel, we
expect the year-over-year increase in third quarter 2006 to be less than
the second quarter 2006 increase of 4.9 percent. Our Employees have done an
excellent job containing costs and improving productivity over the past
several years. As a result of their outstanding efforts, we were as
prepared as we could be for today's high fuel prices. Still, we had to
impose several modest fare increases to offset the enormous fuel cost
increases. Our People understand our cost pressures and the importance of
our Low Cost Leadership. In turn, they are devoted to our Low Fare Brand
and Leadership. They never stand still and are continually finding ways to
reduce costs and improve our operational efficiency, demonstrating over and
over that they are the very best and most innovative in the airline
industry. Our People are the reason Business Week named Southwest one of
the World's Most Innovative Companies and why I am confident we will
overcome tomorrow's cost challenges and make our airline even stronger than
it is today.
"We continue to grow our route system. We recently announced service to
Washington Dulles International Airport to begin on October 5, 2006 with 12
nonstop flights to four cities: Chicago Midway, Orlando, Tampa Bay, and Las
Vegas. Dulles will be a great complement to our Baltimore service. The
Customer response to our Denver service, which began in January 2006, has
been outstanding, and we will already be up to 32 daily departures by early
August 2006. We also continue to add flights throughout our existing
network to meet very strong Customer demand.
"We are very excited about our near-term growth opportunities and
pleased with our earnings momentum. Our year-to-date earnings are up 77.9
percent, excluding unrealized SFAS 133 items. Therefore, assuming
continuance of the current healthy revenue environment, we expect to easily
exceed our 15 percent 2006 annual earnings growth goal. Although our
earnings comparisons are much more difficult in the second half of 2006,
barring any unforeseen events, we expect another year-over-year increase in
third quarter 2006 earnings from last year's earnings of $155 million,
excluding SFAS 133 items."
Southwest will discuss its second quarter 2006 results on a conference
call at 11:30 a.m. Eastern Time today. A live broadcast of the conference
call will be available at:
http://www.southwest.com/jp/luvhome.shtml?src=IR_2qtr_071906 .
Operating Results
Total operating revenues for second quarter 2006 increased 26.0 percent
to $2.45 billion, compared to $1.94 billion in second quarter 2005.
Operating income increased 57.0 percent to $402 million from $256 million
in second quarter 2005. Excluding the impact of SFAS 133 items, operating
income increased 67.6 percent to $429 million from $256 million in second
quarter 2005. Revenue passenger miles (RPMs) increased 15.3 percent in
second quarter 2006, as compared to a 7.2 percent increase in available
seat miles (ASMs), resulting in a 5.5 point increase in load factor to 78.0
percent. The passenger revenue yield per RPM increased 9.7 percent to 13.24
cents from 12.07 cents in second quarter 2005. Operating revenue yield per
ASM (RASM) increased 17.5 percent to 10.70 cents from 9.11 cents in second
quarter 2005.
Total second quarter 2006 operating expenses were $2.05 billion,
compared to $1.69 billion in second quarter 2005. Operating expenses per
ASM (CASM) for second quarter 2006 increased 13.1 percent to 8.95 cents,
compared to 7.91 cents in second quarter 2005. Excluding SFAS 133 items,
CASM for second quarter 2006 increased 11.6 percent to 8.83 cents, compared
to 7.91 cents for second quarter 2005. CASM, excluding fuel, for second
quarter 2006 increased 4.9 percent to 6.68 cents from last year's 6.37
cents.
Second quarter 2006 "other income" of $113 million consisted of $112
million in "other gains" resulting primarily from SFAS 133 items. Excluding
these SFAS 133 items, "other losses" were $11 million for second quarter
2006, consisting primarily of costs associated with the Company's fuel
hedging program. The second quarter 2006 income tax rate of 35.3 percent
reflects a $13 million net adjustment to reduce deferred taxes related to a
revision in the State of Texas Franchise Tax law enacted during the
quarter. The Company currently expects an effective tax rate of
approximately 38 percent for second half 2006.
Net cash provided by operations for the six months ended June 30, 2006
was $1.58 billion, which included a $340 million increase in fuel
hedge-related collateral deposits, and capital expenditures were $665
million. During second quarter 2006, the Company repaid $99 million in
debt. Approximately $470 million will be repaid during the second half of
the year. The Company ended second quarter 2006 with $3.0 billion in cash
and short-term investments. In addition, the Company had a fully available
unsecured revolving credit line of $600 million.
In May 2006, the Company's Board of Directors authorized purchases of
up to $300 million of the Company's outstanding common stock. As of July
18, 2006, the Company completed the program, resulting in the repurchase of
18.7 million shares of common stock. Including the $300 million buyback
program the Company initiated in January 2006 and completed in April 2006,
the Company has repurchased a total of 36.5 million shares of common stock
this year.
Total operating revenues for the six months ended June 30, 2006
increased 23.9 percent to $4.47 billion, while total operating expenses
increased 21.3 percent to $3.97 billion, resulting in operating income in
first half 2006 of $500 million versus $337 million in first half 2005.
This news release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. All forward-looking
statements involve risks and uncertainties that could cause actual results
to differ materially from the plans, intentions, and expectations reflected
in or suggested by the forward-looking statements. Additional information
concerning the factors which could cause actual results to differ
materially from the forward-looking statements are contained in the
Company's periodic filings with the Securities and Exchange Commission,
including without limitation, the Company's Annual Report on Form 10-K for
the year ended 2005 and subsequent filings. The Company undertakes no
obligation to publicly update or revise any forward-looking statements to
reflect events or circumstances that may arise after the date of this press
release.
SOUTHWEST AIRLINES CO. CONDENSED CONSOLIDATED STATEMENT OF INCOME
(in millions except per share amounts)
(unaudited)
Three months ended Six months ended
June 30, June 30,
Percent Percent
2006 2005 Change 2006 2005 Change
OPERATING REVENUES:
Passenger $2,362 $1,868 26.4 $4,300 $3,461 24.2
Freight 38 33 15.2 74 67 10.4
Other 49 43 14.0 95 80 18.8
Total operating
revenues 2,449 1,944 26.0 4,469 3,608 23.9
OPERATING EXPENSES:
Salaries, wages, and
benefits 786 684 14.9 1,502 1,345 11.7
Fuel and oil 518 330 57.0 1,019 609 67.3
Maintenance materials and
repairs 119 111 7.2 224 217 3.2
Aircraft rentals 39 42 (7.1) 80 86 (7.0)
Landing fees and other
rentals 126 114 10.5 246 227 8.4
Depreciation and
amortization 127 116 9.5 250 227 10.1
Other operating expenses 332 291 14.1 648 560 15.7
Total operating
expenses 2,047 1,688 21.3 3,969 3,271 21.3
OPERATING INCOME 402 256 57.0 500 337 48.4
OTHER EXPENSES (INCOME):
Interest expense 34 29 17.2 68 57 19.3
Capitalized interest (14) (9) 55.6 (26) (19) 36.8
Interest income (21) (10) 110.0 (39) (17) 129.4
Other (gains) losses, net (112) 11 n.a. (114) (8) n.a.
Total other expenses
(income) (113) 21 n.a. (111) 13 n.a.
INCOME BEFORE INCOME TAXES 515 235 119.1 611 324 88.6
PROVISION FOR INCOME TAXES 182 91 100.0 217 120 80.8
NET INCOME $333 $144 131.3 $394 $204 93.1
NET INCOME PER SHARE:
Basic $.42 $.18 $.49 $.26
Diluted $.40 $.18 $.47 $.25
WEIGHTED AVERAGE
SHARES OUTSTANDING:
Basic 798 786 800 785
Diluted 825 802 831 802
SOUTHWEST AIRLINES CO.
RECONCILIATION OF REPORTED AMOUNTS TO NON-GAAP ITEMS (SEE NOTE)
(in millions, except per share amounts)
(unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
Percent Percent
2005 2006 Change 2006 2005 Change
Fuel and oil expense
- unhedged $716 $526 $1,333 $960
Less: fuel hedge gains
included in
fuel and oil expense (198) (196) (314) (351)
GAAP fuel and oil expense, as
reported 518 330 57.0 1,019 609 67.3
Add/(Deduct):
impact from current
period settled contracts
included in Other (gains) losses,
net (28) 5 (10) (5)
Add/(Deduct):
fuel contract impact
recognized in earnings
in prior periods for contracts
settling in the current period 1 (5) (34) 3
Fuel and oil expense
- economic basis $491 $330 48.8 $975 $607 60.6
Operating income, as reported $402 $256 $500 $337
Add/(Deduct):
impact from current
period settled contracts
included in Other (gains) losses,
net 28 (5) 10 5
Add/(Deduct):
fuel contract impact
recognized in earnings
in prior periods for contracts
settling in the current period (1) 5 34 (3)
Operating income - economic fuel
basis $429 $256 67.6 $544 $339 60.5
Other (gains) losses, net, as
reported $(112) $11 $(114) $(8)
Add/(Deduct):
Mark-to-market impact
from fuel contracts
settling in future periods 88 2 130 10
Add/(Deduct):
Ineffectiveness from
fuel hedges settling in future
periods 7 1 (4) 10
Add/(Deduct):
impact from current
period settled contracts
included in Other (gains) losses,
net 28 (5) 10 5
Other (gains) losses, net - economic
fuel basis $11 $9 n.a. $22 $17 n.a.
Net income, as reported $333 $144 $394 $204
Add/(Deduct):
Mark-to-market impact
from fuel contracts
settling in future periods (88) (2) (130) (10)
Add/(Deduct):
Ineffectiveness from
fuel hedges settling in future
periods (7) (1) 4 (10)
Add/(Deduct):
fuel contract impact
recognized in earnings
in prior periods for contracts
settling in the current period (1) 5 34 (3)
Income tax impact
of unrealized items 36 --- 36 9
Net income - economic fuel basis $273 $146 87.0 $338 $190 77.9
Net income per share, diluted, as
reported $.40 $.18 $.47 $.25
Add/(Deduct): impact of fuel
contracts, net of income taxes (.07) --- (.06) (.01)
Net income per share, diluted -
economic fuel basis $.33 $.18 83.3 $.41 $.24 70.8
Note regarding use of non-GAAP financial measures
The non-GAAP items referred to in this news release are provided as
supplemental information, and should not be relied upon as alternative
measures to Generally Accepted Accounting Principles (GAAP). These non-GAAP
measures include items calculated by the Company on an "economic" basis,
which excludes certain unrealized items that are recorded as a result of
SFAS 133, "Accounting for Derivative Instruments and Hedging Activities",
as amended. The unrealized items consist of gains or losses for derivative
instruments that will settle in future accounting periods or gains or
losses that have been recognized in prior period results, but which have
settled in the current period. This includes ineffectiveness, as defined,
for future period instruments and the change in market value for future
period derivatives that no longer qualified for special hedge accounting,
as defined in SFAS 133.
The Company's management utilizes both the GAAP and the non-GAAP
results in this news release to evaluate the Company's performance and
believes that comparative analysis of results can be enhanced by excluding
the impact of the unrealized items. Management believes in certain cases,
the Company's GAAP results are not indicative of the Company's operating
performance for the applicable period, nor should they be considered in
developing trend analysis for future periods. In addition, since fuel
expense is such a large part of the Company's operating costs and is
subject to extreme volatility, the Company believes it is useful to provide
investors with the Company's true economic cost of fuel for the periods
presented, based on cash settlements from hedging activities, but excluding
the unrealized impact of hedges that will settle in future periods or were
recognized in prior periods.
SOUTHWEST AIRLINES CO.
COMPARATIVE CONSOLIDATED OPERATING STATISTICS
(unaudited)
Three months ended
June 30,
2006 2005 Change
Revenue passengers carried 21,999,256 20,096,357 9.5 %
Enplaned passengers 25,306,858 22,777,660 11.1 %
Revenue passenger miles (RPMs) (000s) 17,843,848 15,480,310 15.3 %
Available seat miles (ASMs) (000s) 22,883,984 21,338,928 7.2 %
Load factor 78.0% 72.5% 5.5 pts.
Average length of passenger haul
(miles) 811 770 5.3 %
Average aircraft stage length (miles) 619 606 2.1 %
Trips flown 270,947 258,331 4.9 %
Average passenger fare $107.38 $92.94 15.5 %
Passenger revenue yield per RPM
(cents) 13.24 12.07 9.7 %
Operating revenue yield per ASM
(cents) 10.70 9.11 17.5 %
Operating expenses per ASM (GAAP, in
cents) 8.95 7.91 13.1 %
Operating expenses per ASM (economic,
in cents) 8.83 7.91 11.6 %
Operating expenses per ASM, excluding
fuel (cents) 6.68 6.37 4.9 %
Fuel costs per gallon, excluding fuel
tax (unhedged) $2.08 $1.63 27.6 %
Fuel costs per gallon, excluding fuel
tax (GAAP) $1.50 $1.02 47.1 %
Fuel costs per gallon, excluding fuel
tax (economic) $1.42 $1.02 39.2 %
Fuel consumed, in gallons (millions) 344 322 6.8 %
Number of Employees at period-end 31,734 31,366 1.2 %
Size of fleet at period-end 462 434 6.5 %
Six months ended
June 30,
2006 2005 Change
Revenue passengers carried 41,198,739 37,570,914 9.7 %
Enplaned passengers 47,322,342 42,558,406 11.2 %
Revenue passenger miles (RPMs) (000s) 33,124,345 28,718,319 15.3 %
Available seat miles (ASMs) (000s) 44,963,442 41,570,527 8.2 %
Load factor 73.7% 69.1% 4.6 pts.
Average length of passenger haul
(miles) 804 764 5.2 %
Average aircraft stage length (miles) 618 601 2.8 %
Trips flown 533,396 507,450 5.1 %
Average passenger fare $104.38 $92.11 13.3 %
Passenger revenue yield per RPM
(cents) 12.98 12.05 7.7 %
Operating revenue yield per ASM
(cents) 9.94 8.68 14.5 %
Operating expenses per ASM
(GAAP, in cents) 8.83 7.87 12.2 %
Operating expenses per ASM
(economic, in cents) 8.73 7.86 11.1 %
Operating expenses per ASM, excluding
fuel (cents) 6.56 6.40 2.5 %
Fuel costs per gallon, excluding fuel
tax (unhedged) $1.97 $1.52 29.6 %
Fuel costs per gallon, excluding fuel
tax (GAAP) $1.51 $0.96 57.3 %
Fuel costs per gallon, excluding fuel
tax (economic) $1.44 $0.96 50.0 %
Fuel consumed, in gallons (millions) 673 628 7.2 %
Number of Employees at period-end 31,734 31,366 1.2 %
Size of fleet at period-end 462 434 6.5 %
SOUTHWEST AIRLINES CO.
CONDENSED CONSOLIDATED BALANCE SHEET
(in millions)
(unaudited)
June 30, December 31,
2006 2005
ASSETS
Current assets:
Cash and cash equivalents $2,592 $2,280
Short-term investments 396 251
Accounts and other receivables 269 258
Inventories of parts and supplies,
at cost 189 150
Fuel hedge contracts 853 641
Prepaid expenses and other current
assets 59 40
Total current assets 4,358 3,620
Property and equipment, at cost:
Flight equipment 11,145 10,592
Ground property and equipment 1,292 1,256
Deposits on flight equipment
purchase contracts 704 660
13,141 12,508
Less allowance for depreciation and
amortization 3,517 3,296
9,624 9,212
Other assets 1,362 1,171
$15,344 $14,003
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $609 $524
Accrued liabilities 2,635 2,074
Air traffic liability 958 649
Current maturities of long-term debt 483 601
Total current liabilities 4,685 3,848
Long-term debt less current maturities 1,350 1,394
Deferred income taxes 1,942 1,681
Deferred gains from sale and leaseback
of aircraft 128 136
Other deferred liabilities 286 269
Stockholders' equity:
Common stock 808 802
Capital in excess of par value 1,047 963
Retained earnings 4,325 4,018
Accumulated other comprehensive
income 1,104 892
Treasury stock, at cost (331) ---
Total stockholders' equity 6,953 6,675
$15,344 $14,003
SOUTHWEST AIRLINES CO.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions)
(unaudited)
Three months ended Six months ended
June 30, June 30,
2006 2005 2006 2005
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 333 $ 144 $ 394 $ 204
Adjustments to reconcile net
income to cash provided by
operating activities:
Depreciation and amortization 127 116 250 227
Deferred income taxes 179 88 214 116
Amortization of deferred
gains on sale and
leaseback of aircraft (4) (4) (8) (8)
Share-based compensation
expense 23 18 45 38
Excess tax benefits from
share-based compensation
arrangements (2) (6) (30) (12)
Changes in certain assets and
liabilities:
Accounts and other receivables (18) 42 (31) (43)
Other current assets (88) 3 (73) (9)
Accounts payable and
accrued liabilities 255 197 571 791
Air traffic liability 29 23 309 218
Other (2) 25 (58) (12)
Net cash provided by
operating activities 832 646 1,583 1,510
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and
equipment, net (404) (280) (665) (687)
Change in short-term
investments, net (76) --- (145) 257
Payment for assets of
ATA Airlines, Inc. --- --- --- (6)
Proceeds from ATA Airlines, Inc.
debtor in possession loan --- --- 20 ---
Other investing activities, net --- --- 1 ---
Net cash used in investing
activities (480) (280) (789) (436)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of long-term debt --- --- --- 300
Proceeds from Employee stock
plans 29 19 136 37
Payments of long-term debt and
capital lease obligations (99) (27) (136) (135)
Payments of cash dividends (4) (4) (11) (11)
Repurchase of common stock (289) --- (503) (55)
Excess tax benefits from share-
based compensation arrangements 2 6 30 12
Other, net 1 1 2 (1)
Net cash provided by
(used in) financing activities (360) (5) (482) 147
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS (8) 361 312 1,221
CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 2,600 1,908 2,280 1,048
CASH AND CASH EQUIVALENTS
AT END OF PERIOD $2,592 $2,269 $2,592 $2,269
SOUTHWEST AIRLINES CO
BOEING 737-700 DELIVERY SCHEDULE
Purchase
Firm Options Rights
2006 34 *
2007 35 **
2008 30 6
2009 18 18
2010 10 32
2011 10 30
2012 10 30
2008-2014 --- --- 54
147 116 54
* Includes seventeen aircraft delivered in first half of 2006 plus two
aircraft delivered thus far in July
** One of the Company's planned 2007 deliveries was moved into 2006
SOURCE Southwest Airlines
Related links:
# http://www.southwest.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20040715/DATH028-a
http://www.newscom.com/cgi-bin/prnh/20010724/SWALOGO
PRN Photo Desk, photodesk@prnewswire.com
Issuers of news releases and not PR Newswire are solely responsible for the accuracy of the content.
Terms and conditions, including restrictions on redistribution, apply.
Copyright © 1996-2006 PR Newswire Association LLC. All Rights Reserved.
A United Business Media company.
MSRM,they had news after the bell yesterday and the process they are using to recover oil sounds interesting,U.S.A. does not lack used tires,thats for sure.....
MSRM - Mobilestream Oil Announces a Contract for the Sale of All Its Oil From the Operation of Their First Tire Processing Plant With Projected Revenue in Excess of $20,000,000
Tuesday July 18, 4:05 pm ET
WEST BERLIN, N.J., July 18 /PRNewswire-FirstCall/ -- Mobilestream Oil, Inc. (OTC Pink Sheets: MSRM - News) is pleased to announce that a contract has been signed for the purchase of all the output oil from the first tire processing plant utilizing Mobilestream's unique patent pending technology for a minimum of five years.
GTI, a premier oil and chemical trading company based out of Madison, New Jersey, has agreed to purchase all the oil from the operation of the tire plant for at least the first five years of operation. It is anticipated that the plant, which will be capable of processing 11 million tires a year, will generate approximately 286,000 barrels of oil annually. Based upon the current market price of approximately $75.00 per barrel for crude oil, the sale of oil should generate an estimated $21.0 million in annual revenues.
Scrap tires are a significant problem worldwide and their disposal presents significant environmental and safety hazards, including fire, overflowing landfills and pollution of the atmosphere. According to the Rubber Manufacturers Association, 290 million scrap tires were generated in the United States in 2003 alone. This does not include the millions of tires already in tire piles. While there are a number of existing applications for these tires, including tire derived fuels, road construction and rubber products, these applications are not significant to dispose of all of the available scrap tires.
The Mobilestream process allows for the cost-effective, environmentally safe recovery of virtually all of the original chemical/mineral materials from scrap tires. Each tire plant will be capable of handling 11 million tires a year. Utilizing the Mobilestream process, each 20-pound tire will yield 19.9 pounds of resalable materials. A tire will produce approximately 8 pounds carbon black, 2 pounds of hydrocarbon gases, 1.2 gallons of oil and 2 pounds of steel.
Mobilestream Oil, Inc. has developed revolutionary techniques to recover oil and other valuable raw materials from previously untapped natural resources. These resources include an array of applications for petroleum- based materials. Using its proprietary technology, Mobilestream has successfully broken down tires into the tires' component parts, capturing for resale virtually all of the raw materials used to manufacture the tires. Using this same technology, Mobilestream can extract unusable oil from sources previously thought to be either unattainable or not cost-effective. Not only can the company gasify refinery waste oil (which refineries currently cannot crack), the company can also extract oil economically from such natural resources as oil sands and oil shale.
About Mobilestream Oil
Mobilestream Oil, Inc. is an innovative oil and natural gas exploration company focused on using our proprietary technologies for reverse polymerization and pyrolysis of materials and to maximize the output of under- utilized and non-producing oil wells in order to squeeze out every last ounce of production. Increasing prices continue to make primary and less conventional methods for extracting oil more cost-effective and while Mobilestream Oil is relatively small compared to some of the larger players in the industry, our size is our advantage as we feel we can more quickly and effectively capitalize on expeditious opportunities. Using these same proprietary technologies, Mobilestream has successfully broken down tires into the tire's component parts, capturing for resale virtually all of the raw materials used to manufacture the tires.
This news release contains forward-looking statements regarding Mobilestream's business strategies and future plan of operations. Forward- looking statements involve known and unknown risks and uncertainties. The company's risk and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion. The forward-looking statements contained in this news release speak only as of the date hereof and Mobilestream disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in Mobilestream's expectations or future events.
Contact:
Mobilestream Oil, Inc.
Phone: (856) 767-2450
Fax: (856) 767-2490
info@mobilestreamoil.com
--------------------------------------------------------------------------------
Source: Mobilestream Oil, Inc.
ESLR,should rock today on this news.Chart also posted under news and it looks ripe for the picking..
ESLR - Evergreen Solar Announces $200 Million Sales Agreement With SunEdison, LLC
Wednesday July 19, 7:30 am ET
Evergreen Solar's Recent Contract Awards Exceed $600 Million Over the Next Five Years
MARLBORO, Mass.--(BUSINESS WIRE)--July 19, 2006--Evergreen Solar, Inc. (Nasdaq: ESLR - News), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today announced its largest sales agreement to date. Under the terms of the agreement, Evergreen Solar will ship approximately $200 million of photovoltaic modules to SunEdison, LLC over the next five years.
"This agreement with SunEdison underscores the growth potential of our photovoltaic module product line and aligns our company with an emerging solar power leader," said Richard M. Feldt, Evergreen Solar's president and chief executive officer. "The agreement also demonstrates the strategic importance of EverQ - our partnership with Q-Cells and Renewable Energy Corporation. The recent announcement of our intention to expand EverQ's capacity to 80MW in 2007 and up to 300MW by 2010 enables us to continue forging long-term customer agreements with solar industry leaders like SunEdison."
"SunEdison simplifies solar development projects by offering clients access to the company's innovative Solar Power Service Agreement (SPSA), a finance and service model that allows public, private and nonprofit organizations to buy and use solar electricity generated at their facilities without capital investment," said Feldt. "This innovative platform enables wider access to solar power and supports Evergreen's ultimate goal of converging the cost of solar power with retail grid pricing."
"SunEdison's strategic partnership with Evergreen Solar, a solar power technology innovator, will be integral to our larger goal of building more efficient, more cost-effective systems that create value for our customers," said Brian Jacolick, vice president of sales for SunEdison. "We believe Evergreen Solar will be a valuable long-term partner and we look forward to working with the company over the next five years to spread the benefits of affordable solar power."
The sales agreement with SunEdison is Evergreen Solar's fifth major contract secured since November 2005 and is the largest in Company history. The value of these five contracts totals more than $600 million over the next five years. The photovoltaic modules will be manufactured at Evergreen Solar's plant in Massachusetts and at the new 30MW EverQ factory in Thalheim, Germany.
About SunEdison, LLC
SunEdison, LLC, headquartered in Baltimore, Maryland, offers clients an innovative set of financial solutions based around solar technologies, to meet the energy needs of its clients. SunEdison provides solar generated energy at or below current retail utility rates to a broad and diverse client base - from public agencies to private enterprises to non-profit organizations. For more information about SunEdison, please visit www.sunedison.com.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company's patented crystalline silicon technology, known as String Ribbon, uses significantly less silicon than conventional approaches. Evergreen's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com.
About EverQ
EverQ's existing solar module manufacturing plant in Thalheim, Germany, produces Evergreen Solar's high-output Spruce Line(TM) of photovoltaic panels. Products fabricated by EverQ use Evergreen Solar's patented String Ribbon(TM) manufacturing process. String Ribbon is substantially more efficient in the use of silicon than conventional sliced crystalline technologies.
EverQ is a strategic partnership of Evergreen Solar, Inc. of the United States, Q-Cells AG of Germany, and Renewable Energy Corporation ASA of Norway. Evergreen Solar develops, manufactures and markets solar power products using its String Ribbon technology. Q-Cells is the world's largest independent manufacturer of crystalline silicon solar cells. Renewable Energy Corporation is one of the world's largest manufacturers of solar-grade silicon and multicrystalline wafers.
Evergreen Solar® is a registered trademark and String Ribbon(TM) is a trademark of Evergreen Solar, Inc.
A Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. The Company cautions you that any statements contained in this press release which are not strictly historical statements constitute forward-looking statements. Such forward-looking statements include, but are not limited to, those related to the Company's expectations regarding the anticipated benefits of the SunEdison relationship; the anticipated size and value of shipments to SunEdison; EverQ's capacity expansion plans and the Company's achievement of its ultimate goal of converging the cost of solar power with retail electric pricing. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties include, among other things, the following factors: the Company's business and results of operations could be materially impaired as a result of poor manufacturing or product performance or higher costs attributable to the expansion or operation of manufacturing facilities; the market for solar power products is emerging and rapidly developing, and market demand for solar power products such as the Company's products is uncertain; the Company has limited experience manufacturing large volumes of solar power products on a commercial basis at acceptable costs, which it will need to do in order to be successful; the Company faces intense competition from other companies producing solar power and other distributed energy generation products; the risk that the Company may fail to bring to market new products under development or that any such products may not achieve commercial acceptance; the risk that technological changes in the solar industry could render its solar products uncompetitive or obsolete; the Company sells via a small number of reseller partners, and the Company's relationships with current or prospective marketing or strategic partners may be affected by adverse developments in the Company's business, the partner's business, competitive factors, solar power market conditions, or financial market conditions; the market for products such as the Company's solar power products is heavily influenced by federal, state, local and foreign government regulations and policies, as well as the availability and size of government subsidies and economic incentives, over which the Company has little control; and the Company is susceptible to shortages of specialized silicon that the Company uses in the manufacture of its products. In addition to the foregoing factors, the risk factors identified in the Company's filings with the Securities and Exchange Commission - including the Company's Quarterly Report on Form 10-K filed with the SEC on March 16, 2006 (copies of which may be obtained at the SEC's website at: http://www.sec.gov) - could impact the forward-looking statements contained in this press release. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
Contact:
Evergreen Solar, Inc.
Donald Muir, 508-357-2221 x7708
Chief Financial Officer
investors@evergreensolar.com
or
Investors/Media:
Sharon Merrill Associates, Inc.
David Reichman, 617-542-5300
Vice President
eslr@investorrelations.com
--------------------------------------------------------------------------------
Source: Evergreen Solar, Inc.
Ha! if i would say something like that,I know for a fact I would get hit upside the head with a rollin pin by my Wife and then I would probably get it again when Mom recovered and was strong enough to swing a rollin pin....lol Then for good measure,my old Houndog instead of lickin my wounds.Would more than likely bite my big toe cause Laura told her too...lol I don't stay in line around here out of the goodness of my heart.I stay in line because...if I don't....they will beat the hell out of me...lol j/k
I will catch ya tomorrow,I am off to bed and thanks for the FHAL chart.maybe we see a buck tomorrow....
Thanks Jae,I talked with her this evening and she said she was pretty sore and my sister says she is starting to get pretty black and blue.But i am happy she didn't break anything cause at her age that is a real easy thing to do.I will catch ya tomorrow,have a good one.
I no sooner replied to ya Bill and I got a phone call telling me my Mother had tripped and fell on concrete and was on her way to the hospital.So We took off up there.She is ok,but will be bruised and sore pretty good tomorrow.She banged her Hip and elbow good,but fortunately didn't break either.She is back home now.I never took any of my FHAL off the table before leaving because we left here in such a hurry to the hospital and I didnt get back till after the market closed.Some things are just more important than making money.
Before leaving up to the hospital,I was in greed mode anyways...lol I see it hit a high of .82...Me hopes for another strong day on FHAL tomorrow since I still have all of my boatload to get rid of....lol or most of it anyways.
KNTA movin on out nice on that.
Where else can a person make multiple tens of thousands of dollars in a few hours that is legal WOOOOOOOOOOOHOOOOOOOOOOOO congrats to all who are on or was on this rocket ship.Lord I love this racket...MOOOOOOOOOOOOOOOOOOOOOOOOOO