Despite tough macro-economic conditions, Time Warner Inc. (TWX), the global leader in media and entertainment businesses, reported better-than-expected third-quarter 2009 results that topped the Zacks Consensus Estimate. The quarterly earnings of 61 cents a share beat the Zacks Consensus Estimate of 52 cents, but dropped 6% from 65 cents delivered in the prior-year quarter. On a reported basis, including one-time items, quarterly earnings came in at 55 cents a share, sharply down by 38% from 89 cents posted in the year-ago quarter. On account of better-than-expected results at its Content Group -- comprising Networks, Filmed Entertainment, Publishing and Corporate segments -- Time Warner boosts its business outlook. The company now expects its full year 2009 earnings to be $2.05 per share, up from $1.98 previously anticipated. Total revenue for the quarter tumbled 6% to $7,135 million due to a fall in revenue at the AOL, ...

Data Call Technologies, Inc., a leader in supplying dynamic content to the digital signage industry, today showed continuation of its outstanding growth rate through the second quarter of 2009, announcing increased revenues, lowered costs and penetration of new markets.

The company’s unique content is being licensed for numerous digital signage applications, with deployments in locations such as office buildings, medical centers, banks and hotels, in addition to digital outdoor billboards, throughout the country. Strategically utilizing its alliances and partnerships with digital signage manufacturers and third-party resellers, Data Call continues to strengthen its core business while exploring new opportunities to leverage its accumulated expertise in the out-of-home advertising industry.

For its 2009 second quarter ended June 30, 2009, the company reported:

Sales revenues of $120,363, compared to $83,745 for the three month period ended June 30, 2008, representing an increase of 44%. Operating expenses of $139,781, ...

Sector 10 Inc. is a company which is reshaping the emergency response industry. It is the only emergency response systems company that is so strongly emphasizing using onsite pre-deployed resources as a way to reduce liability, avert injuries and save lives.

One of Sector 10’s primary products is the stationary response unit. This stationary response center contains the essential equipment needed for disasters and crisis situations. Some of the company’s stationary response unit features include: chemical and biological masks, iodine tablets, eye wash system, first aid supply packs, cameras, computer and communication features.

Sector 10 is integrating a new media platform with its SRU (standard response unit) product line called SRU-Media. These units provide all the pre-deployed resources found in the company’s SRU, while offering something else. This something else is the ability to display various types of advertising, search results, corporate

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Increased Funding for Local Programming Improvement On July 6, 2009, The Canadian Radio-television and Telecommunications Commission (CRTC) announced that it has raised the funding for local television, and allowed one-year license renewals for English-language TV stations. The CRTC has proposed that the future license renewal will be based on the ownership groups instead of categories, which splits specialty cable stations from the main network stations. The total funds available under the Local Programming Improvement Fund will increase to $102 million for the 2009-2010 broadcasting year from $68 million. The cable and satellite companies will now have to contribute 1.5% of gross broadcasting revenue to the fund, up from 0.5%. The Fund was created in October 2008 for stations in markets with less than a million people. The new ruling will adversely impact the companies who are already facing significant revenue decline due to falling advertising dollars ...

interCLICK, Inc. today raised its guidance for the first quarter ending March 31, 2009. The company now anticipates revenue to surpass $7.0 million, compared to the $6.5 million it had previously forecasted, and expects gross margin to exceed 41%, compared to the 38.6% originally expected.

“Despite a very challenging economic environment, interCLICK continues to grow rapidly and exceed expectations,” commented Michael Mathews, interCLICK’s Chief Executive Officer. “At a time when competition for advertising dollars has never been more intense, our ability to deliver superior ROI for our advertisers has enabled interCLICK to remain at the forefront of many large media plans. Our sales force across the country continues to do a phenomenal job at delivering our value proposition to new and existing accounts.”

Let us hear your thoughts below: “Our continued improvement in gross margin is directly attributable to better managing our supply chain,” said Mathews.

Highlighted companies include Genentech, inc. (DNA), Amgen, Inc. (AMGN) and Wyeth (WYE).Waxman's Bill Bad for Biotech Companies (and Doctors, Patients and America)California Representative Henry Waxman (D-CA), Chairman of the House Energy and Commerce Committee, has proposed legislation, along with his colleagues, that would give the U.S. Food and Drug Administration (FDA) the authority to approve generic (bioequivalent) versions of biotech drugs. As of now, there exists no path to approval for so called follow-on biologics as there is with small-molecule pharmaceutical products.According to the Wall Street Journal, the main contention on the bill remains how many years of market exclusivity a product would receive after approval. Mr. Waxman is calling for 5 years, whereas the biotech companies and trade organizations are asking for 14 years.This is a serious issue for investors in biotechnology stocks, in our view. Allowing ...

Google (NASDAQ:GOOG) just beat earnings estimates. The numbers were jaw-dropping. Over the last three months the internet search-engine company earned $1.35 billion, or $4.92 a share. But Andrew Snyder says the party could soon be over for Google. Management at the company are overconfident…and that’s always a a recipe for disaster.

This from Today’s Financial News:

All across the nation, companies that rely on advertising dollars to stay in business are desperately searching for the nearest trash can. They are so nervous about what the next few months will bring that they already feel their stomachs twisting and convulsing. They know gut-wrenching vomiting is on the way.

But that is not the case at Google.

In fact, the only way the search-engine giant’s executives will be praying to the porcelain god is if they drank too much champagne while celebrating their company’s third-quarter earnings results.

While, Google did not flat-out destroy Wall Street expectations like

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We maintain a Hold rating on the shares of ValueClick, Inc. (VCLK), a Westlake Village, California-based online marketing services company.

VCLK is currently trading at a P/E multiple of 13.5x our 2008 earnings per share estimate of $0.71, a discount to the industry median. Although over the long-term we are very positive on online advertising growth, current economic conditions are creating significant headwinds for ValueClick and others in the industry.

Rising energy prices and falling housing prices have caused consumer confidence to drop, and consumer spending has fallen as a result. With decreased consumer spending, advertisers are cutting back budgets. This has caused what we consider a cyclical decline in Internet advertising dollars.

Although there is likely upside to VCLK shares over the longer-term, we believe it is too early to get involved with the stock for our six month time frame. We lower our target price to $10.00, a multiple

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GameStop Corp. (GME) delivered stellar results again. Its second quarter sales were $104 million above the consensus forecast, and EPS beat the consensus estimate by $0.04, which is about 19x our 2009 EPS estimate.

Looking ahead, the management’s guidance for the second half of the year was in line with expectations. Unlike most other areas of retail, videogame sales remain strong. We believe this momentum will continue through next year. We are once again increasing our estimate. Our 2008 EPS estimate goes from $2.42 to $2.52 and our 2009 EPS estimate goes from $3.01 to $3.10. We maintain our Buy rating and our $60 target price.

We think the video game business is still in the early-to-middle stages of the current video game console cycle that includes the next-generation platforms Xbox 360, PlayStation 3, and Nintendo Wii. These next-generation systems require gamers to upgrade older systems in order to experience the

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