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Agree 100%. EPS was on the low side (for the quarter) but I like the way a/r was kept in check. How do you like the 2.5M USD gained as a result of currency exchange? (see F-6 of the 10-K)
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5798783
All-in-all, a great year for New Dragon. Much more to come, good things on the way. Going to $2/sh soon.
Market cap
Attractive valuation with the current sp.
http://finance.yahoo.com/q/is?s=CPII
Market cap approx $150M USD
http://finance.yahoo.com/q/bc?s=CPII&t=2y&l=off&z=l&q=c&c=
Many gold stocks doing very well on the falling dollar and rising POG.
Bid keeps rising
With TTCM, it's the bid that counts the most. Just ignore the ask, it will fly up at a moment's notice. The bid has been creaping up since all the good news came out over the past few weeks or so. Solid buying pressure at .017 and .018
Bidding
AUTO 0.0180 5000 11:26:26
NITE 0.0170 10000 14:26:18
DOMS 0.0170 5000 12:52:49
VERT 0.0170 5000 09:47:45
Asking
NITE 0.0180 10000 14:26:18
AUTO 0.0200 5000 11:26:26
UBSS 0.0240 5000 09:30:24
HILL 0.0250 5000 14:35:55
I find that the numbers are fairly accurate on the ask side. If you need to make a large purchase you may want to put in a bid order in the early morning well above the asking price. If you try to put in a large buy order at the ask or even .001 or .002 above the ask anytime near the close good luck with a fill.
Kimber announces new board members and personnel change
Friday February 8, 8:30 am ET
VANCOUVER, Feb. 8 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) announces that Mr. Donald Young, FCA and Dr. Frederick Graybeal have been appointed to the Company's Board of Directors, replacing Mr. Larry Bell and Dr. Keith Barron who recently stepped down.
Mr. Young, FCA is a former senior audit partner and a business consulting partner with KPMG LLP. Previously, he worked at Placer Development Ltd. (now Barrick Gold Corporation). Mr. Young is a Past President of the Institute of Chartered Accountants of British Columbia and a past member of the Executive Committee and Board of Governors of the Canadian Institute of Chartered Accountants. Mr. Young is currently the Chair of the Audit Committee and a member of the Executive Committee for OSI Geospatial Inc.
Dr. Graybeal is a geologist with 40 years of international experience in exploration and mining with emphasis on exploration and mining geology, primarily for base and precious metals. Mr. Graybeal has been involved with several discoveries and reserve expansions mostly with ASARCO Incorporated, from which he retired in 2003 as Chief geologist. He also previously held the position of President and CEO of Maximus Ventures and is currently a director of Maximus Ventures.
"I want to express my sincere gratitude to Larry Bell and Keith Barron for their outstanding service as members of Kimber's board of directors," said Gordon Cummings, President and CEO of Kimber Resources. "I look forward to working with Donald Young and Frederick Graybeal as we seek to realise the full potential of our Mexican properties in order to enhance shareholder value. I believe that we are at the beginning of an exciting period for Kimber, with our newly formed exploration team embarking on an intensive exploration program with the objective of building resources."
Mr. J. Byron Richards, P.Eng. has resigned as Vice President, Engineering but will remain available to provide services to the Company through his consulting company. "I would like to thank Byron Richards for making a tremendous contribution to the Company over the past number of years, dating back to its days as a private company," said Mr. Cummings.
Kimber increases concessions on Pericones and Setago and grants stock options
Thursday February 14, 5:45 pm ET
VANCOUVER, Feb. 14 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) announces that it has received the Pericones concession title, Ampliacion La Guera. As a result of this grant, the total size of the Pericones property has almost doubled to a total size of 11,890 hectares. In addition, Kimber has been advised that two concessions, adjoining Kimber's Setago property, have been issued to Kimber by the Mexican government. Kimber is currently awaiting receipt of the title documents. These new concessions will more than triple the total land package at Setago to approximately 10,000 hectares.
"The additional concessions granted to Kimber at Pericones and Setago substantially increases our exploration holdings in two prospective areas," said Gordon Cummings, President and CEO of Kimber Resources. "These new concessions greatly enhance the size of two of our existing Mexican properties: Setago, 24 kilometres to the west of Monterde, and in the heart of the prolific Sierra Madre gold-silver belt, and, Pericones, in the vicinity of a number of significant silver-gold properties south west of Mexico City."
Kimber also advises that, subject to regulatory approval, it has granted a total of 500,000 stock options under the Company's 2007 Stock Option Plan to directors and officers of the Company at an exercise price of $0.79 per share.
Kimber completes C$6 million non-brokered private placement exploration drilling to commence April 2008
Wednesday March 12, 8:35 am ET
VANCOUVER, March 12 /PRNewswire-FirstCall/ - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) is pleased to report the closing of their previously announced private placement. The transaction was over-subscribed and consisted of a total of 8,000,000 units at a price of C$0.75 for gross proceeds of C$6,000,000. Each unit consists of one common share plus one half non-transferable common share purchase warrant. Each full share purchase warrant entitles the holder to purchase one common share at C$1.25 for a two year period commencing March 11, 2008.
The non-brokered private placement was subscribed to by institutional and accredited investors in Canada, the United States and offshore. Over 75% of the placement was taken up by three parties comprised of two North American investment funds and one large publicly listed mining company. One of the funds is Sprott Asset Management Inc., an insider of the Company due to the fact that it controls, directly or indirectly through various funds managed by it, more than 10% of the issued and outstanding shares of the Company. Sprott acquired 1,500,000 units and the Company understands that, prior to the closing of the private placement, it controlled approximately 14% of the issued and outstanding shares of the Company. In addition, directors Gordon Cummings (President and CEO of the Company), Peter Nixon, (Chairman of the Company) and Leanne Baker (Director of the Company) acquired 15,000, 20,000 and 25,000 units, respectively. Participation in the private placement by insiders of the Company is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101, however the transaction is exempt from the formal valuation and minority shareholder approval requirements under the Instrument as neither the fair market value of the securities being issued nor the consideration paid exceeds 25 per cent of the Company's market capitalization.
The net proceeds of the private placement will be used for exploration of the Company's Monterde and Setago properties in the prolific Sierra Madre gold-silver belt of Mexico, exploration of the Pericones property in the south of Mexico, advancement of the Carmen deposit at Monterde and for general corporate purposes.
"I am pleased to announce the closing of this C$6 million financing as well as our plans to commence drilling at Monterde within the next four to six weeks," said Gordon Cummings, President and CEO of Kimber Resources. "Under the leadership of Marius Mare, Vice-President, Exploration and our senior Mexican geologists, our technical team has been making excellent progress in planning and preparing our initial drill targets. This is an exciting period for Kimber as we embark on an aggressive exploration campaign at Monterde in tandem with advancing the Carmen deposit."
Exploration Plans
A drilling contract has been signed with Major Drilling de Mexico, S.A. de C.V. This contract is for an initial 12,000 metres of drilling and our objective is to have two diamond drills in operation at Monterde by April 2008.
Marius Mare, Vice-President, Exploration stated, "The Carmen deposit on the Monterde property will be drilled at depth with an initial diamond drill program of approximately 7,000 metres designed to drill test the Carmen structure at depths of 100 metres or more below any previous intersection. An additional 5,000 metres of drilling at Carmen is contingent on results from the initial drill program. Two new exploration targets on the Monterde property, Arimo & Cerro de Mina Breccia (located approximately three kilometres southwest of the Monterde camp), are to be tested with 3,000 metres of drilling. These targets are comprised of silicified and variably mineralized breccia zones defining the boundaries of an andesite unit lower in the stratigraphy than the rhyolitic host rocks at Carmen. Drilling later in the year is also planned on the Veta Minitas project, 250 metres west of Carmen."
Private Placement
An individual third party will receive finder's fees of 7% of the proceeds raised on certain placements, such fees totaling approximately C$35,000. No other commissions or finder's fees are payable on the remainder and majority of this non-brokered placement. The shares are subject to a hold period under applicable Canadian securities laws and the policies of the Toronto Stock Exchange (TSX). This hold period expires at midnight on July 11, 2008. Additional resale restrictions apply to shares issued to U.S. investors. The private placement is subject to final acceptance by the TSX.
Management Changes
Michael Hoole, has resigned as Vice-President and Secretary of Kimber, but will remain available to provide services to the Company as a consultant. "I would like to thank Michael Hoole for the very valuable contribution he has made to our Company as a senior executive over the last 8 years," said Mr. Cummings.
About Kimber
With the addition of its recently acquired Setago concessions, Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt, including the Company's Monterde property where three gold-silver deposits have already been identified. The most advanced of these, the Carmen deposit, has been extensively drilled and is currently undergoing detailed geologic modeling in order to evaluate the potential for a combined open pit and underground mining operation based on current resources. Further, reconnaissance exploration carried out in 2007 has identified a number of new exploration targets. In addition, the Company has a 100% interest in the mineral concessions of its Pericones property, an 11,890 hectare property targeted for silver, located approximately 100 kilometres southwest of Mexico City.
Cautionary Statement
Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfil such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.
CONTACT: Matthew Hamilton, Manager of Investor Relations, or Gordon Cummings, CA, President and CEO, North America Toll Free: 1-866-824-1100, Tel: (604) 669-2251, Fax: (604) 669-8577, Website: http://www.kimberresources.com, Email: news@kimberresources.com
Breakout
Share price is way up. POG up too.
BAODING, China, Feb 25, 2008 (BUSINESS WIRE) -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has signed two polysilicon supply agreements with DC Chemical Co., Ltd. ("DC Chemical"), a leading Korean chemicals producer. Under the first agreement, DC Chemical will supply polysilicon with a value of approximately US$27 million to Yingli Green Energy in 2008. Under the second agreement, DC Chemical will supply polysilicon with a total value of approximately US$188 million to Yingli Green Energy from 2009 to 2013.
"We are very pleased to initiate a new relationship with such a well-respected company as DC Chemical," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "One of our key strategies on the procurement side has been to establish long-term relationships with some of the most respected polysilicon suppliers around the world. These two supply agreements demonstrate our ability to work with major suppliers in the industry and we believe our relationship with DC Chemical will help us further secure our polysilicon needs in the short and long term."
http://www.foxbusiness.com/markets/industries/industrials/article/yingli-green-energy-signs-polysilicon-supply-agreements-dc-chemical_491892_6.html
Yep, could be a good time to buy SRS. The mortgage meltdown is just beginning in many areas, much more to come. Write-downs, bank failures, liquidity problems will persist for much longer than some expect imho.
----------------------------------
Small Missouri bank is shuttered
By MARCY GORDON
WASHINGTON
A small Missouri bank was shut down by state regulators on Friday, a failure caused by financial mismanagement, officials said.
The Federal Deposit Insurance Agency was appointed as receiver.
The FDIC said that $12.5 million of the insured deposits of Hume Bank of Hume, Mo., will be assumed by Security Bank of Rich Hill, Mo. The failed bank's sole office will reopen Monday as a branch of Security Bank.
Hume is about 75 miles south of Kansas City.
The bank failure was not related to home-loan defaults and did not reflect weakness in Missouri's banking system, officials said.
"The demise of the bank is a direct result of alleged improprieties by former bank management, which resulted in past-due loans not being reported and the true condition of the bank being misrepresented," Eric McClure, Missouri's commissioner of finance, said in a statement. "Most of these loans were poorly conceived and inadequately serviced, resulting in losses which exhausted the bank's capital and ultimately resulted in its failure."
Hume Bank had $18.7 million in assets and $13.6 million in deposits as of Dec. 31, according to the FDIC.
It was the second failure this year of an FDIC-insured bank. The first, Douglass National Bank, also was in Missouri; it had $58.5 million in assets and failed in January.
Both were dwarfed by the failure last September of NetBank Inc., an online bank with $2.5 billion in assets, whose collapse was attributed to an excessive level of mortgage defaults.
Observers have been watching for signs of bank distress resulting from the mortgage crisis. Profits at federally insured U.S. banks and thrifts plunged to a 16-year low in the fourth quarter as institutions set aside a record-high amount to cover losses from sour mortgages.
The FDIC is planning to beef up its staff -- including temporarily hiring up to 25 retired FDIC employees who worked in the agency's more than 200-person division that handles failed banks -- to handle an anticipated increase in bank failures.
Customers with less than $100,000 deposited with Hume Bank will be protected by FDIC insurance.
The bank had about $1.1 million in deposit accounts that exceeded the FDIC limit. Those customers will become creditors in its receivership for the uninsured amounts, the agency said.
Hume Bank customers can call the FDIC's toll-free number: 1-866-806-6128.
http://www.businessweek.com/ap/financialnews/D8V8TE181.htm
bk looming?
will chtr stage another astounding comeback or is the show over? all opinions welcome.
Yes, agree 100%. Looks like a triple bottom and attractive valuation.
Reminder
Important info:
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5779950
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5603640
next stop 24c .. mark this post
Going concern
We cannot provide any assurances that the Company will be able to secure sufficient funds to satisfy the cash requirements for the next 12 months. The inability to secure additional funds would have a material adverse effect on the Company.
These financial statements are presented on the basis that the Company will continue as a going concern. Other than the previously disclosed impairments, no adjustments have been made to these financial statements to give effect to valuation adjustments that may be necessary in the event the Company is not able to continue as a going concern. The effect of those adjustments, if any, could be substantial.
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which contemplate continuation of the Company as a going concern. The Company reported net income from operations of $543,000 for the three months ended December 31, 2007 but has incurred $14,463,000 in cumulative losses. Further, the Company has inadequate working capital to maintain or develop its operations, and is dependent upon funds from its stockholders and third party financing.
These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. There is no assurance that the Company will receive the necessary loans required to funds its exploration plans.
Source: www.sec.gov
OT: Spark
Sure, I would like to be an assistant moderator if that is acceptable to you.
TIANJIN, China, Mar 12, 2008 (BUSINESS WIRE) -- TTCM China, Inc. (Pink Sheets:TTCH), a leading producer and supplier of glass-reinforced fiber plastic pipes and related products, today announced the retirement of approximately $550,000.00 from one of the wholly owned subsidiary HeBei ZaoQiang Company in line with the Company's continued strategy of maintaining the excellent banking credit rating.
----
Is this the same company?
----
Hebei Zaoqiang FRP Group Co.,Ltd is a standing council of China FRP Industry Institute, which locates in North China plain, with convenient traffic, near to Heng-Da highway and Jing-Jiu railway (one km.). It takes an area of 83,000sq.m., including 38,000 sq.m. construction area. It is provided with fixed assets of 46,680,000 yuan, 1180 employees including 5 senior engineers, 44 junior engineers and 236 junior technicians.
We established long time cooperative relationship with more than ten scientific research institutes and units .It owns powerful technology force. We gained the honor of provincial advanced enterprise, city scientific enterprise, civilized unit.Our products gained gold medal in Shengang hi-tech product exhibition, SMC technology gained Hebei scientific fruit medal and the third prize of Hebei science,Pultruded protection cover using in the subway get the province technology result the price.FRP cooling tower get the high-quality and new product certificate and national cooling tower line of province the good business enterprise .It also won the tile of ¡°Little Giant¡±,Provice building materials system 50 strong high and new technique business enterprise.In 2002,We have gained ISO 9001:2000 certificate and UKAS certificate.
Main equipment £º FW-4000 computer-control enlace machine, extrusion machine, bending machine, rolling machine, cutter, patterns of cool tower, air-blower, chairs,pultruded,spraying,RTM equipment,etc.
Business scope and products £º energy-saving low-noise, countercurrent style, vertical current cool tower, middle and high temperature industrial cool tower, wind pipe cool tower, craftpipe,the pipeline using in the cool mine colliery.BF4-72 centrifugal air blower, T35 axis current air-blower, roof air-blower, pultrusion,water tank, SMC pattern, extrusion product, abio wind pipe, BZKP combined terminal of air conditioner, anti-corration project,etc..
In the past 20 years since this factory was founded, it finished many important projects. We combine experience and vigor, stick to the business policy of customer first, quality first, reputation first, service first. We are glad to cooperate with friends around the world to achieve mutual development!
http://www.cc0318.com/company.htm
The company had short term debt which needed to be paid off. Short term debt is similar to credit card debt and comes with high interest rates. The company opened a line of credit and used part of the LOC to pay off the st debt. IMHO the company has been profitable in the past but had a rough period in 2007 due to lack of liquidity. For manufacturing companies, lack of liquidity is crippling because suppliers will not ship goods without prompt payment or COD terms. Without supplies, items cannot be manufactured. TTCH now has financing thanks to government intervention (ROC needs TTCH's products and services) and will be able to fill the backlog as well as take on new contracts. 2008 is a very exciting time for the company. The pps will be 50c by 8-8-8 imho.
The money used to retire st debt is coming from Tianjin HePing Investment Group.
http://biz.yahoo.com/bw/080226/20080226005163.html?.v=1
Tuesday February 26, 10:00 am ET
TIANJIN, China--(BUSINESS WIRE)--TTCM China, Inc. (Pink Sheets:TTCH - News), a leading producer and supplier of glass-reinforced fiber plastic pipes and related products, today announced the approval in principle by the local government of all the legal procedures for cooperation with HePing Investment Group and waiting for the final approval by the central government.
Obtaining the line of credit facility from the HePing Investment Group was previously announced on January 7, 2007.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, “We were working with HePing Investment Group of TianJin for some time and are close to final approval for investment and to ship the backlog of orders. This will allow the company to increase its market share nationwide and revenue in 2008 and beyond. We expect the growing demand for clean water delivery, sewerage and flood control water diversion systems in China to continue to drive demand for our products.”
http://www.bulkwaterdelivery.com/directory.htm
get 'er done
www.geertanktrucks.com
Geer Tank Trucks, Inc. has been in operation since F T Geer purchased the business September 1, 1945. At that time, the company had two 26 bbl bobtail trucks and one 52 bbl transport. The company incorporated in September 1965 and now operates about twenty 180 bbl transports, and 50 frac tanks with approximately 25 employees. The company owns two salt water disposal wells and four pipeline terminals with yards located in Jacksboro, Mineral Wells, Graham, Cisco and Bowie.
Thermadyne Holdings Corporation Announces Participation in Lehman Brothers Conference
© Business Wire 2008
2008-03-07 18:15:43
Thermadyne Holdings Corporation (NASDAQ: THMD) announced today Paul D. Melnuk, Chairman & Chief Executive Officer, will be presenting at the Lehman Brothers High Yield Bond and Syndicated Loan Conference on March 14, 2008 at 11:45 AM (Eastern) at the Disney Yacht and Beach Club in Lake Buena Vista, Florida.
A link connecting to the
conference webcast will be available on Thermadyne's website (www.Thermadyne.com) at 11:30 AM (Eastern) on March 14, 2008 and will be available for replay up through June 13, 2008. An electronic copy of the presentation will also be posted.
About Thermadyne
Thermadyne, headquartered in St. Louis, Missouri, is a leading global manufacturer and marketer of metal cutting and welding products and accessories under a variety of leading premium brand names including Victor(R), Tweco(R) / Arcair(R), Thermal Dynamics(R), Thermal Arc(R), Stoody(R), TurboTorch(R), Firepower(R) and Cigweld(R). Its common shares trade on the NASDAQ under the symbol THMD. For more information about Thermadyne, its products and services, visit the Company's web site at www.Thermadyne.com.
Source: Thermadyne
Bio-Rad Reports Fourth-Quarter and Full-Year 2007 Financial Results
Marketwire
February 28, 2008: 04:08 PM EST
Bio-Rad Laboratories, Inc. (AMEX: BIO) and (AMEX: BIOb), a multinational manufacturer and distributor of life science research and clinical diagnostics products, announced financial results today for the fourth quarter and fiscal year ended December 31, 2007.
Fourth-quarter revenues were $459.7 million, up 34.0% compared to $343.1 million reported for the fourth quarter of 2006. This increase was due to a combination of organic growth across Bio-Rad's two main product areas, the Life Science and Clinical Diagnostics segments, as well as the addition of DiaMed Holding AG products to the Company's portfolio in the fourth quarter, which resulted in additional revenue of $62.0 million and impacted fourth-quarter and full-year results. Excluding the revenue from the DiaMed acquisition, fourth-quarter revenues were up 15.9%, or 9.0% on a currency-neutral basis, compared to the same quarter last year.
Net income for the fourth quarter was $12.4 million compared to $16.6 million during the fourth quarter last year. These results reflect non-cash charges of $12.9 million, which includes a one-time charge of $7.7 million for purchased in-process R&D, and approximately $5.2 million in amortization of intangibles related to DiaMed. Including the DiaMed acquisition, fourth-quarter basic earnings from operations were $0.46 per share, or $0.45 per share on a diluted basis, compared to $0.63 and $0.61, respectively, during the same period last year. Fourth-quarter gross margin was 50.8% compared to 54.1% during the same quarter last year. The lower margin in the most recent quarter reflects the impact of the DiaMed acquisition including foregone profit margin and the amortization of intangibles.
For the full year, sales grew by 14.7% to $1,461.1 million compared to $1,273.9 million in 2006. Excluding revenue from the DiaMed acquisition, Bio-Rad sales grew by 9.8%, or 5.2% after normalizing for the impact of currency effects. Year-over-year net income was $93.0 million, or $3.41 per share on a diluted basis, compared to $103.3 million, or $3.83 per share, respectively, in 2006. Full-year gross margin was 54.2% compared to last year's figure of 55.9%. Revenues, earnings, and gross margin for 2006 were all favorably impacted by one-time additional revenue of $11.7 million which was the result of a licensing settlement agreement reached with bioMérieux SA in 2006.
"Operationally, 2007 was another year of progress for Bio-Rad and one of investment as we welcomed DiaMed Holding AG into our organization," said Norman Schwartz, Bio-Rad President and Chief Executive Officer. "As 2008 moves forward, we will continue to explore opportunities to expand our business and improve our operational efficiencies."
Life Science
The Life Science segment net sales for the fourth quarter were $184.5 million, up 16.1% compared to the same period last year. On a currency-neutral basis, Life Science segment sales increased by 9.4%. Full-year reported revenues for the Life Science segment were $615.1 million, up 6.9% over the prior year, or 2.7% on a currency-neutral basis. Performance in this segment was boosted by sales of the ProteOn(TM) protein interaction array system, the Bio-Plex® suspension array system and reagents, as well as the ProteinChip® SELDI system. Bio-Plex sales continue to be positively impacted by 57 new assays that were introduced in 2006. Sales of process chromatography media and hardware were strong as the products continued to gain broad market acceptance. These materials are used during the purification stages in the manufacture of a variety of pharmaceuticals with a particular applicability to monoclonal antibody-based medicines. Growth in the Life Science segment was negatively impacted by a drop in BSE (bovine spongiform encephalopathy) testing revenues as both the number of animals tested and the average selling price continues to decline. During the fourth quarter, the segment introduced its next generation polymerase chain reaction (PCR) instruments, which are based on the new 1000-series thermal cycling platform, as well as the ProteoMiner(TM) protein enrichment kits, which provide researchers a way to concentrate and enrich low-and medium-abundance proteins that cannot be detected through traditional methods.
Clinical Diagnostics
The Clinical Diagnostics segment reported net sales of $271.4 million for the fourth quarter, up 50.7% compared to the prior-year quarter. Excluding revenue from the DiaMed acquisition, net sales were up 16.3%, or 9.0% on a currency-neutral basis, from the same period last year. Full-year reported revenues for the Clinical Diagnostics segment were $832.2 million, a 21.5% increase compared to 2006 results. Excluding revenue from the DiaMed acquisition, net sales increased 12.5%, or 7.4% net of currency effects, compared to 2006 results. These results were largely due to continued growth across all product lines, most notably quality controls, autoimmune, diabetes, clinical microbiology, as well as the BioPlex® 2200 system, a revolutionary instrument for the diagnostic laboratory that is continuing to gain market acceptance. In October, the Clinical Diagnostics segment finalized the acquisition of DiaMed Holding AG, a Swiss-based company that develops, manufactures, and markets a complete line of reagents and instruments used in blood typing and screening. Also during the quarter, the segment introduced to the U.S. market, the MRSASelect(TM) test, a chromogenic medium that detects methicillin-resistant Staphylococcus aureus, as well as its in2it(TM) analyzer for the "point-of-care" diabetes market. The in2it analyzer measures A1C, combining laboratory-accurate test results with patient convenience.
2007 Full Year Highlights
-- Full-year Company sales grew by 14.7% to $1,461.1 million.
-- Year-over-year net income was $93.0 million, compared to $103.3
million reported in 2006.
-- In October, the Company purchased 86% of the outstanding stock of
DiaMed for approximately 477 million Swiss francs.
-- During the first quarter, the Company introduced a number of new
products including the Mini-PROTEAN® Tetra cell, Bio-Rad's fourth
generation electrophoresis system, and the Profinia(TM) protein
purification system.
-- Also during the quarter, the Company introduced new assays for use on
its BioPlex 2200 system for the detection of the Epstein Barr Virus as well
as three of the most clinically relevant bacteria that cause syphilis.
-- In the second quarter, the Company signed two multi-year agreements
with Quest Diagnostics to place BioPlex 2200 systems and autoimmune test
reagents as well as HIV test systems and quality controls in their network
of reference laboratories nationwide. In addition, Bio-Rad and Beckman
Coulter announced an agreement regarding the continued development and
manufacture of immunodiagnostic tests for blood virus and infectious
disease.
-- In September, the Company introduced three new ProteinChip SELDI
system qualification and calibration kits that help improve reproducibility
during biomarker discovery.
-- In October, Bio-Rad launched the Gene Pulser MXcell(TM)
electroporation system designed for researchers working with mammalian
cells.
-- In November, the Company introduced to the U.S. market, the MRSASelect
test, a chromogenic medium used for the rapid screening of MRSA
(methicillin resistant Staphylococcus aureus).
-- Also in November, Bio-Rad launched the in2it analyzer for the "point-
of-care" diabetes market. The analyzer measures A1C, a well established
indicator of a diabetic patient's glucose control.
Management will discuss these results in a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time) February 28, 2008. Interested parties can access the call by dialing 800-659-2037 (in the U.S.), or 617-614-2713 (international), access number 75436489. The live webcast can be accessed at http://www.bio-rad.com. A replay of the call will be available at 888-286-8010 (in the U.S.), or 617-801-6888 (international), access number 38553576, for seven days following the call and the webcast can be accessed at http://www.bio-rad.com for 30 days.
About Bio-Rad
Bio-Rad Laboratories, Inc. (AMEX: BIO) and (AMEX: BIOb) has remained at the center of scientific discovery for more than 50 years manufacturing and distributing a broad range of products for the life science research and clinical diagnostic markets. The company is renowned worldwide among hospitals, universities, major research institutions, as well as biotechnology and pharmaceutical companies for its commitment to quality and customer service. Founded in 1952, Bio-Rad is headquartered in Hercules, California, and serves more than 85,000 research and industry customers worldwide through its global network of operations. The company employs approximately 6,300 people globally and had revenues approaching $1.5 billion in 2007. For more information, visit www.bio-rad.com.
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. For further information regarding the Company's risks and uncertainties, please refer to the "Risk Factors" in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, as updated by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. Bio-Rad Laboratories, Inc. disclaims any obligation to update these forward-looking statements.
http://money.cnn.com/news/newsfeeds/articles/marketwire/0368590.htm
"Within the next two years, computer chips will be so small and so fast—and consequently so hot—that current methods of cooling will be inadequate.
Cooligy’s breakthrough active microstructure cooling method is the solution resulting in extremely low thermal resistance.
The Cooligy method, originally developed at Stanford University’s mechanical engineering department, uses common materials to produce a closed-loop cooling system for CPUs, ASICS, graphics chips, and the large programmable gate arrays.
The small size, light weight, and excellent thermal performance of the Cooligy system allow tighter packing of components on the circuit board and higher reliability of individual chips as well as the entire system. By contrast, large finned heat sinks or heat pipes based cooling systems are heavy, inefficient and inadequate to the working nerds of next generation of high performance chips.
Cooligy is currently designing and manufacturing products and subsystems for sale to large electronics manufacturers."
http://www.cooligy.com/technology.html
Cypress is a solar play.
Compared to other solar related equities, the valuation of Cypress is somewhat attractive imho.
Announcement will come tomorrow morning. The stock has been running for several weeks now on fairly light volume. The quarterly report is being released earlier than expected, and before the market opens. This schedule is being widely interpreted imho as a very good sign and that revs and earnings will be quite impressive.
There are also other expected factors such as increased ginger powder market presence, successful supply chain management, inventory/commodity hedging, dollar exchange rate, etc. which are dragging the pps northward imho.
Yes, the company is poised for long term growth. Although many improvements have been made in China in preparation for the 2008 Olympic Games, there are a large number of projects still underway and just beginning.
BTW, TTCH may be forced to shut down production temporarily as a result of the pollution control measures described below. This could have a negative impact on manufacturing and shipments. Our suppliers and customers may also be impacted by the policy.
China pledges clean air for Games
Stung by criticism of their pollution-ridden atmosphere, Beijing's Olympic officials promised the air would be clean in time for this summer's games.
Efforts to make sure the air meets required standards were being stepped up, said environmental minister Zhang Lijun.
"After we have implemented all the measures, there is no problem for Beijing to meet the standards. We can deliver on our commitment," he said.
China was stung into making the statement after world marathon record-holder Haile Gebrselassie of Ethiopia said he would almost certainly miss the long-distance running event in Beijing because of the city's poor air quality.
Considered the world's best distance runner, 34-year-old Gebrselassie - who has asthma - fears his health could be damaged by running in the event. He said he would make a final decision in May after he finds out whether he qualifies for the 10,000-metre race.
A murky haze blankets Beijing on most days. With the Olympics around the corner, China has constantly been on the defensive over the pollution level.
Zhang said he expects that "by June, we will complete all tasks necessary" to ensure the city will have the required clear air.
The measures include requiring Beijing, as well as the nearby city of Tianjin and Hebei province, to temporarily shut down some of their most heavily polluting factories.
The provinces of Shanxi and Shandong, along with the huge Inner Mongolia region, would also be required to restrict emissions from their coal-fired power plants. Zhang did not give details, but the measures could mean limits on electricity use and shorter working hours for companies.
In order to satisfy commitments made in 2001 in its bid to host the Olympics, Beijing will be required to show that it meets international standards for four major pollutants - sulphur dioxide, nitrogen dioxide, inhalable particles and chemical oxygen demand, a measure of water pollution.
http://ukpress.google.com/article/ALeqM5g0A7PcloDTEenBGf41z8BTIXcqvA
hold on to your hats ladies and gents. get ready for a wild ride.
TTCM China Reports Retirement of Short-Term Bank Debt of $550,000.00 From a Subsidiary
TIANJIN, China, Mar 12, 2008 (BUSINESS WIRE) -- TTCM China, Inc., a leading producer and supplier of glass-reinforced fiber plastic pipes and related products, today announced the retirement of approximately $550,000.00 from one of the wholly owned subsidiary HeBei ZaoQiang Company in line with the Company's continued strategy of maintaining the excellent banking credit rating.
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "We are pleased with the timely retirement of the short-term bank debt and maintain the Company's AAA credit rating. Further, the strategy will make easier for the Company's future expansion plan domestically as well as overseas. We expect the growing demand for clean water delivery, sewerage and flood control water diversion systems in China to continue to drive demand for our products and will help make the Company grow in 2008 and beyond which will require additional banking credit facilities."
About TTCM China, Inc.
TTCM China, founded in 1995 and based in Tianjin China, is a leading producer of glass-reinforced composite plastic and related products including high-pressure pipes to the water supply, sewerage and flood control systems. In cooperation with the Harbin Industry University, TTCM developed an advanced technology employing micro-emulsification, which enables a reduction of the amount of resin used in the production process and at the same time raises the product compactness, strength and quality. These procedures make TTCM's glass-reinforced plastic pipes superior in strength to plastic pipes while weigh only one-fourth the weight of steel pipes and one-eighth of concrete pipes.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, force d majeure, foreign-currencies exchange-rates, customers' financial conditions, general market and economic conditions, successfully completing additional financings, shipping and other risks associated with the operation in China where certain governmental economic or political situation/polices might adversely affect outcome of the envisioned business.
SOURCE: TTCM China, Inc.
CONTACT: TTCM China, Inc.
Won-Gil Choe, 650-960-1155
Fax: 650-960-1133
http://pinksheets.com/pink/quote/quote.jsp?symbol=ttch#getNews
That is a very old editorial but it makes some valid points. From my own experience I know XsunX is real, although it is a very small start-up company.
L-3 Forms $1.2 Billion Marine and Power Systems Group
Tuesday March 11, 8:45 am ET
Focus is on Growth Opportunities, Business Synergies
NEW YORK--(BUSINESS WIRE)--L-3 Communications (NYSE: LLL - News) announced today a strategic realignment of businesses in its Specialized Products segment to form the Marine and Power Systems Group. This new $1.2 billion group includes Power and Control, Automation, Navigation, Undersea Warfare and Offshore businesses. It will be better positioned to leverage growth opportunities and serve military and commercial customers.
“We are taking an increasingly integrated approach to business,” said Michael T. Strianese, president and CEO of L-3 Communications. “This realignment will help strengthen organic growth, provide a more unified focus upon the customer and broaden our systems capability.”
L-3’s Ocean Systems businesses, currently in the Sensors and Simulation Group, will be consolidated with the Power and Control Systems Group resulting in a line of ocean and undersea warfare and sonar products along with power and control systems to provide integrated systems for its customers.
Steven Kantor, currently corporate vice president and group president of L-3’s Power and Control Systems, will lead the newly aligned Marine and Power Systems Group.
Headquartered in New York City, L-3 Communications employs over 64,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2007 sales of $14 billion.
To learn more about L-3, please visit the company’s web site at www.L-3Com.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Contact:
L-3 Communications
Corporate Communications, 212-697-1111
Source: L-3 Communications
http://biz.yahoo.com/bw/080311/20080311005861.html?.v=1
HOHHOT, March 11, 2008 (Xinhua) -- North China's Inner Mongolia is on high alert against the most severe Yellow River flood threat caused by ice blockage in 40 years as the region's frozen river section began to thaw on Tuesday.
More than 70,000 people in the region have been organized for rescue and disaster relief efforts along the 720-km frozen stretch of the Yellow River, China's second longest, said Inner Mongolia Autonomous Region's top flood prevention official Zheng Chunmao.
The People's Liberation Army's air force and artillery troops have also joined the flood prevention operation. Blastings will be carried out if there are any big ice blockages on the river.
Sections of the river freeze and thaw at different times. When an ice run flows to a frozen section, it can become blocked. If the blockage persists, water levels may rise and cause floods and dam bursts, threatening lives and property. The ice-run phenomenon takes place at the start of winter and spring.
The river's ice flood was the heaviest in 40 years, said Zheng. The river's watercourse in the region is holding some 1.8 billion cubic meters of water, 50 percent more than in a normal year. Low-quality dams in certain sections worsened the situation.
The Yellow River in Inner Mongolia began to thaw on Tuesday after a full thawing of the upper stretch in neighboring Ningxia Hui Autonomous Region.
On Monday, the river's water began to be diverted at 50 cubic meters per second to the Hetao area in Inner Mongolia to relieve floodwater pressure.
The 5,464-km Yellow River originates in Qinghai Province in the northwest and flows through Gansu, Ningxia, Inner Mongolia, Shaanxi, Shanxi, Henan and Shandong before emptying into the BohaiSea.
Editor: Wang Hongjiang
http://news.xinhuanet.com/english/2008-03/11/content_7767875.htm
Buy recommendation from Trend Spotter (TM)
http://quotes.barchart.com/texpert.asp?sym=ttch&what=opinion
Short and medium term indicators - buy
Long term indicators - mixed
Technicals
http://quotes.barchart.com/texpert.asp?sym=xpng&what=opinion
Composite Indicator
Trend Spotter TM Sell
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Sell
20-Day Average Volume - 56970
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 25% - Sell
50-Day Average Volume - 69688
Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 67% - Sell
100-Day Average Volume - 53612
Overall Average: 64% - Sell
Technical indicators:
>>TXHE<<
Composite Indicator
Trend Spotter TM Sell
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Sell
20-Day Average Volume - 150800
Medium Term Indicators
40 Day Commodity Channel Index Sell
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% - Sell
50-Day Average Volume - 303962
Long Term Indicators
60 Day Commodity Channel Index Sell
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 100% - Sell
100-Day Average Volume - 214885
Overall Average: 96% - Sell
http://quote.barchart.com/texpert.asp?sym=TXHE
"...Wall Street took a mostly positive view of the company's results, with several saying the newly approved RapidArc radiation therapy system will likely drive growth during the year. Other healthy indicators include revenue growth from the company's other units, which sell X-ray and security inspection products.
"We expect U.S. and worldwide cancer incidence to continue to rise, thereby driving continued demand for sophisticated cancer therapies," Citi analyst Amit Bhalla said in a note to investors. "Currently, about 50 percent of all cancer patients receive some form of radiation therapy during an overall treatment and we expect demand to persist going forward."
That demand helped fuel the company's 12 percent profit jump during the first quarter and its expectations for continued earnings and sales growth. In 2008, the company expects profit between $2.05 and $2.07 per share on about $2.03 billion in revenue, while Wall Street forecasts profit of about $2.05 per share on $1.97 billion in revenue.
Bhalla reaffirmed his "Buy" rating on the stock, but cut his price target to $61 from $62, citing higher expense expectations. He said cancer therapy systems remain the focus for the company, with 14 Novalis radiosurgery systems ordered during the quarter and one RapidArc system. But X-ray system orders rose 11 percent and will likely continue growing as digital imaging technology becomes more important in the field.
There is also potential for security systems growth if port security becomes a priority for the U.S. government, he said. The systems are used to scan shipping containers.
Oppenheimer & Co. analyst Amit Hazan also said the company is poised for continued growth in each of its units, reaffirming an "Outperform" rating with a $59 price target. He said Varian remains a top pick for the medical equipment sector, as the company has posted double-digit growth three straight quarters in its cancer treatment unit.
He said the addition of RapidArc will likely help the company sustain its current contracts and reel in new contracts it may have lost to competitors. Also, the company's security systems don't have any direct competition, meaning Varian could see a contract windfall from the U.S. and other governments.
Despite the broader positive outlook, Jefferies & Co. analyst Mark Richter remains cautious on the stock, reaffirming a "Hold" rating and reducing his price target to $42 from $45. His main concern is whether more competition will cut into Varian's order growth.
RapidArc provides a competitive technology, he said, but gains may not be realized in the near term. Rivals TomoTherapy Inc., Accuray Inc., and Elekta could stifle Varian's growth with additional products on the market. Also, RapidArc's growth could be slow going because of physician concerns over limited experience and debugging issues with the new technology.
"Our channel checks indicate that although many clinicians are interested in Varian's RapidArc technology, many are waiting for end user experience and clinical data prior to investing," he said in a note to investors..."
Thursday January 24, 7:31 pm ET
http://biz.yahoo.com/ap/080124/varian_medical_mover.html?.v=2
Presstek Regains NASDAQ Compliance; Announces Delay in 2007 Form 10-K Filing
Tuesday March 4, 8:41 am ET
HUDSON, N.H., March 4 /PRNewswire-FirstCall/ -- Presstek, Inc. (Nasdaq: PRST - News) today announced that the Company has received a determination from The NASDAQ Stock Market indicating that, based upon the filing of the Company's Form 10-Q for the period ended September 29, 2007 with the Securities and Exchange Commission ("SEC") on February 15, 2008, the Company has evidenced full compliance with NASDAQ's filing requirement and all other requirements for continued listing on The NASDAQ Global Market. Accordingly, the Company's securities will continue to trade on The NASDAQ Global Market.
The Company also announced that the extensive work efforts required during the latter part of 2007 to complete the Company's previously disclosed financial and business process reviews and file the third quarter 2007 Form 10-Q, have resulted in the delayed filing of its annual report on Form 10-K for the year ended December 29, 2007 with the SEC. As previously announced, the Company expects charges of $1 to $2 million in the fourth quarter relating to the previously disclosed reviews as well as certain product warranty costs. The Company has not yet announced the date it expects to report fourth quarter financial results.
"It's disappointing that the effort required to complete our business reviews has challenged our ability to meet SEC reporting timelines, but these reviews were essential to establishing a solid basis for future reporting," commented Presstek's Executive Vice President and Chief Financial Officer, Jeff Cook. "The delay in filing our Form 10-K is due solely to our late start in closing Q4 2007 financial records, and is not related to any new findings or issues.
About Presstek
Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI®, CTP and plate products provide a streamlined workflow in a chemistry-free environment, thereby reducing printing cycle time and lowering production costs. Presstek solutions are designed to make it easier for printers to cost effectively meet increasing customer demand for high-quality, shorter print runs and faster turnaround while providing improved profit margins.
Presstek subsidiary, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications.
For more information visit http://www.presstek.com, or call 603-595-7000 or email: info@presstek.com.
Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the results of internal reviews and their impact on future performance, anticipated results from the company's Business Improvement Plan, anticipated headcount reductions, and the ability of the company to achieve its stated objectives. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the results and impact of the company's internal reviews, the amount of product warranty charges, the ability of the company to achieve the objectives of its Business Improvement Plan, the ability of the company to meet its stated financial and operational objectives, the possible delisting of the company's stock from the NASDAQ Stock Market, and other risks detailed in the company's Annual Report on Form 10-K and the company's other reports on file with the Securities and Exchange Commission. The words "looking forward," "looking ahead," "believe(s)," "should," "may," "expect(s)," "anticipate(s)," "project(s)," "likely," "opportunity," and similar expressions, among others, identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The company undertakes no obligation to update any forward-looking statements contained in this news release.
Contact:
Kathleen Makrakis
Director Investor Relations
(203) 485-7534, ext 1432
Source: Presstek, Inc.
http://biz.yahoo.com/prnews/080304/netu048.html?.v=46
Coherent F1Q08 (Qtr End 12/29/07) Earnings Call Transcript
"...We reported first quarter revenues of $144.3 million and net income of $4.7 million or $0.15 per diluted share. Excluding the charges related to the restatement of our financial statements and litigation resulting from the stock-option investigation and excluding the quarterly stock compensation charges, the pro forma net income for the first quarter of fiscal 2008 was $9.5 million or $0.30 per diluted shares, compared to a pro forma net income of $0.37 per diluted share for the first quarter of fiscal 2007.
The primary reasons for the decline in pro forma earnings related to the increase of period expenses resulting from a weakened dollar. During this period, the euro strengthened approximately 13%.
Bookings for the quarter were strong at $154.9 million, an increase by 13.7% over the corresponding prior year period. Our book-to-bill was 1.07 and the backlog at the end of Q1 '08 was $198.4 million. Net sales for the first quarter were $144.3 million and are within guidance, but as low-end primarily as the result of delivery push ups from a few customers not due to lot business.
Market perspective, when comparing to the similar quarter last year, we saw strong performance in material processing, bioinstrumentation and medical applications, resulting in a 26.5% growth for material processing and 14.5% for OEM components and instrumentations, when adjusted for the sales of optical imaging business. Microelectronics sales declined 12.7% as a result of the slow demand that we saw in the flat panel display market during the second half of fiscal 2007, coupled with normal timing of demand in other micro materials processing markets. The scientific market decline of 8.5% is primarily the results of our previously announced exit from the custom laser business.
Please note that effective Q1 '08, we are consolidating the graphic arts and display business into the OEM components and instrumentations markets. Prior period's market information has been combined to confirm to the current presentation. The Company sales by market applications for the first quarter of fiscal 2008 are as follows; Scientific 30.1; microelectronics, 48.7; material processing, 24.5; and OEM components and instrumentations, 41 for a total of 144.3 million.
First quarter gross profit was $60.5 million or 41.9% of sales. On a pro forma basis, excluding stock compensation costs, gross profit of 42.2% is similar to the first quarter of 2007. The projected accretion of having no imaging uptick revenue and lower scientific custom business was offset by the negative impact of the weak dollar and it continued unfavorable microelectronics market and product mix.
When comparing to the previous quarter pro forma gross profit increased slightly from 41.9% to 42.2%, and this sequential increase was primarily related to improve yields across several of our business units.
Total operating expenses for the quarter, excluding intangible amortization of $2.2 million, excluding the restatement of financial statements of litigation costs related to our stock-option investigation up $4.7 million, and excluding stock compensation charges of $2.3 million was $50.1 million or 34.7% of sales..."
http://seekingalpha.com/article/64339-coherent-f1q08-qtr-end-12-29-07-earnings-call-transcript?source=yahoo
Symyx Joins Microsoft BioIT Alliance
Monday March 3, 8:30 am ET
SANTA CLARA, CA--(MARKET WIRE)--Mar 3, 2008 -- Symyx Technologies, Inc. (NasdaqGS:SMMX - News) announced today that it has joined the Microsoft BioIT Alliance, a cross-industry group working to enhance collaboration among life sciences organizations to accelerate the pace of drug discovery and development.
"Comprehensive data integration -- making complex life sciences data easier to manage and easier to share -- requires new levels of cooperation between software companies," said Timothy Campbell, President of Symyx Software. "Symyx is delighted to be part of Microsoft's BioIT Alliance initiative. As a technology leader in integrated laboratory workflow systems, R&D software and research services in the life sciences and related industries, we look forward to working closely with Microsoft's partner community to explore new and better ways of capturing, managing and sharing R&D data. Through improved collaboration, multidisciplinary R&D organizations can solve critical life sciences problems more quickly and bring new products to market with less risk."
Rudy Potenzone, Worldwide Industry Technology Strategist for Pharmaceuticals and BioIT Alliance Coordinator, said: "We are very pleased to welcome Symyx to the BioIT Alliance. Their broad experience and contribution to this community will help the Alliance and its members as we look to expand our activities in the coming months."
The BioIT Alliance is designed to enable collaboration among organizations in the life sciences field in order to shorten the time between discovery of new biological data and the application of that knowledge to human health. Symyx will work with other alliance members to consider innovative ways to address the challenges of data integration, collaboration, and knowledge management and use Microsoft technology to reduce costs, streamline research and market products more effectively.
About Symyx
Symyx Technologies, Inc. is the scientific R&D integration partner to companies in the life sciences, chemicals, energy, electronics and consumer products industries. With scientific R&D under tremendous economic and technical pressure, we help companies reduce R&D risk and enhance R&D productivity to help them bring more and better products to market quickly and cost-effectively. Our integrated technology platform combines Symyx Software (electronic laboratory notebooks, content, laboratory logistics and analysis), Symyx Tools (software-driven integrated workflows) and Symyx Research (collaborative research and directed services) to support the entire R&D process. In October 2007, Symyx acquired MDL Information Systems, Inc., a leading provider of innovative informatics software, databases and services that accelerate successful scientific R&D by improving the speed and quality of scientists' decision making. Information about Symyx, including reports and other information filed by Symyx with the Securities and Exchange Commission, is available at www.symyx.com.
About BioIT Alliance
Formed in 2006, the BioIT Alliance is a cross-industry group working to integrate science and technology in order to accelerate the pace of drug discovery and realize the potential of personalized medicine. Founding members include Accelrys Software Inc., Affymetrix, Inc., Agilent Technologies Inc., Amylin Pharmaceuticals, Inc., Applied Biosystems, The BioTeam Inc., Digipede Technologies LLC, Discovery Biosciences Corporation, Geospiza Inc., Hewlett-Packard Development Company, L.P., Illumina Inc., InterKnowlogy, Microsoft Corporation, Sun Microsystems Inc., The Scripps Research Institute, VizX Labs LLC and other key companies in the pharmaceutical, biotech, hardware and software industries. Additional information about the BioIT Alliance can be found on the BioIT Alliance Web site at http://www.bioitalliance.org
About Microsoft
Founded in 1975, Microsoft (NasdaqGS:MSFT - News) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. For more information, please visit www.microsoft.com
Symyx is a registered trademark of Symyx Technologies, Inc. Microsoft is a registered trademark of the Microsoft Corporation in the United States and other countries. All rights reserved. All other trademarks mentioned in this document are the property of their respective owners.
Contact:
For more information:
Teresa J. Thuruthiyil
Vice President, Investor and Public Relations
Symyx Technologies, Inc.
(408) 773-4075
Email Contact
Source: Symyx Technologies, Inc.
http://biz.yahoo.com/iw/080303/0369233.html
Tyco Electronics to Host 2008 Annual General Meeting of Shareholders
Thursday February 28, 10:00 am ET
PEMBROKE, Bermuda, Feb. 28 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. (NYSE: TEL; BSX: TEL) will host its 2008 annual general meeting of shareholders on Monday, Mar. 10, 2008 at the Greensboro Marriott Downtown, 304 North Greene Street, in Greensboro, N.C. The meeting will begin at 9:00 a.m. Eastern Time. The program will include a company update from Chief Executive Officer Tom Lynch, as well as shareholder voting on the proposals listed in the company's proxy statement as filed with the U.S. Securities and Exchange Commission on Jan. 25, 2008.
The meeting will be audio cast in a listen-only mode and can be accessed in two ways:
Website -- at http://investors.tycoelectronics.com with replay
available until March 24, 2008.
Telephone -- The tel number for participants in the
US is (800) 288-8961. The telephone dial-in number for
participants outside the United States is (612) 332-0335.
An audio replay of the call will be available beginning at 11:00 a.m. Eastern Time on Mar. 10, 2008 and ending at 11:59 p.m. Eastern Time on Mar. 24, 2008. The dial-in number for participants in the United States is (800) 475-6701. For callers outside the United States, the replay dial-in number is (320) 365-3844. The replay access code for all callers is 910843.
Veeco TurboDisc K465 GaN MOCVD Tool Accepted by Leading Japanese Device Manufacturer
Thursday February 21, 8:00 am ET
WOODBURY, N.Y.--(BUSINESS WIRE)--Veeco Instruments Inc. (Nasdaq: VECO - News) announced today that a leading Japanese high brightness light emitting diode (HB-LED) manufacturer has process accepted the TurboDisc® K465™ gallium nitride (GaN) Metal Organic Chemical Vapor Deposition (MOCVD) System to support their capacity expansion of blue HB-LEDs. This manufacturer received the tool in December and, with Veeco’s support, was able to install and process accept the tool by the end of January.
Sam DiRenzo, Vice President, General Manager of Veeco's MOCVD Operations commented, “Demand for GaN-based blue LEDs is expected to grow at the annual rate of nearly 20% over the next five years, mainly due to market drivers such as signs and displays, automotive, general illumination and LCD backlighting. We are pleased that this customer has chosen our TurboDisc K465, the industry’s highest throughput MOCVD tool, for their capacity expansion.”
The new TurboDisc K465 GaN MOCVD System features Veeco's most advanced TurboDisc reactor technology and delivers the industry's highest throughput available today for high volume production of GaN-based blue and green LEDs. Veeco's TurboDisc "K-Series" MOCVD platform includes the K300 and K465 models, offering a modular, upgradeable path to higher throughput, larger diameter reactor chamber and reduced cost of ownership.
About Veeco
Veeco Instruments Inc. manufactures Process Equipment and Metrology and Instrumentation solutions for the data storage, HB-LED, solar, wireless, semiconductor and scientific research markets. Veeco’s manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and APAC. http://www.veeco.com/
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2006 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
Contact:
Veeco Instruments Inc.
Investor:
Deb Wasser, 1-516-677-0200 x 1472
SVP Investor Relations
or
Trade Media:
Fran Brennen, 1-516-677-0200 x1222
Senior Director of Marcom
Source: Veeco Instruments Inc.
http://biz.yahoo.com/bw/080221/20080221005275.html?.v=1