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Tuesday November 17, 2009

DrStockPick.com Stock Report!

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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

Zscaler, Inc., the market leader in cloud-delivered multi-tenant Security as a Service (SaaS), today announced that its SaaS security service has achieved OPSEC(TM) (Open Platform

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Emergency Medical’s (EMS) third quarter earnings per share came in at 66 cents, surpassing the Zacks Consensus Estimate of 60 cents but remained unchanged from the year ago period. The company reported revenues of $665.1 million, a decline of 2.1% compared to the third quarter of 2008.  Revenues would have been up by 15%, but for the Federal Emergency Management Agency (FEMA) hurricane deployment revenue of $101.1 million in 2008. The robust performance during the quarter was primarily driven by the signing of new contracts, increased volumes at the emergency departments, expansion of new service lines and improved resource utilization.  Emergency Medical operates two business segments - American Medical Response (AMR), its healthcare transportation services segment, and EmCare Holdings (EmCare), the outsourced hospital-based physician services segment. These two segments accounted for approximately 51% and 49%, respectively, of total revenues during the quarter.  During the quarter, ...

Last week, Itron Inc. (ITRI) reported third-quarter earnings of 45 cents per share, below the Zacks Consensus Estimate of 51 cents and 44% lower than the prior-year level. Earnings disappointment was primarily a result of uncertainty surrounding stimulus fund allocation and unfavorable foreign currency exchange rates. Quarterly revenue of $408.4 million was down 15.8% from $484.8 million in the third quarter of 2008. Itron North America revenue was 22% lower than that in the comparable quarter of 2008 due to the completion of a number of AMR contracts in 2008 and fewer electric meters shipped during the quarter as customers delayed orders due to uncertainty regarding the stimulus bill. International revenues fell 12% from the year-ago level. Majority of this decline was caused by the unfavorable impact of foreign exchange rates. The other factors leading to lower international revenue were the completion of a smart metering/AMI ...

Badger Meter (BMI) reported its third quarter results yesterday, after market close. The company reported earnings of 47 cents per share, above the Zacks Consensus Estimate of 44 cents per share and up 20.5% from 39 cents reported in the prior-year quarter. Despite an 11.6% decline in sales, earnings during the quarter were higher than last year as the company benefited from lower commodity costs, ongoing cost reduction efforts, and pricing discipline. Gross margin in the quarter increased significantly to 39.0%, compared to 34.0% in the comparable quarter of 2008 due to favorable raw material pricing. Sales to the utility market, which constitutes more than 80% of total revenue, declined 9% compared to the third quarter of 2008. The utility market is facing a downturn as the customers are postponing purchasing decisions while they wait to see if they can receive federal funds for infrastructure ...

Badger Meter (BMI) generates the bulk of its revenue selling commercial and residential water metering systems to water utilities. The company has significant long-term growth potential, as its water utility customers upgrade to advanced metering (AMR/AMI) systems from manually read meters. According to the company, less than 30% of water meters installed in the U.S. have been converted to AMR/AMI, which means approximately 37,000 water utilities are still operating manually read meters. Badger Meter claims a current market share of approximately 20% in North America for AMR/AMI. There is plenty of room for growth as more customers upgrade their meters to the newer technologies. The company is satisfying the market demand with its popular ORION drive-by AMR and the GALAXY fixed network AMI. In addition, Badger Meter has an agreement with Itron (ITRI) to resell the ITRON drive-by AMR until early 2011. Also, the ...

• General Mills (NYSE:GIS) reported fiscal first quarter earnings of $1.28 a share, ex-items, beating Zacks estimates of earnings of $1.03 a share, as sales rose 0.6% to $3.52 billion, above Zacks estimates of $3.52 billion. The company also raised its 2010 earnings guidance to $4.40 to $4.45 a share from its prior view of $4.20 to $4.25 a share

• AMR (NYSE:AMR) announced a private offering of $450 million senior secured notes due 2012

• AutoZone (NYSE:AZO) reported fiscal fourth quarter earnings of $4.43 a share versus $3.88 a year ago, a shade below Zacks estimates of $4.45 a share. Sales of $2.23 billion were above prior year's $2.21 billion and above Zacks projections of $2.23 billion

• Goldman Sachs (NYSE:GS) lifted its price target on Walgreen (NYSE:WAG) to $36 while maintaining a "neutral" rating. Analysts lowered the fourth quarter earnings estimate 2 cents to 38 cents a share, with fiscal year

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• This morning’s reports say the Government of Singapore Investment Corp has reduced its stake in Citigroup (NYSE:C) to less than 5% through open market sales

• The CEO of Cadbury (NYSE:CBY) noted "complementary elements" of Kraft (NYSE:KFT) and Cadbury, but said he would still advise rejecting the deal at the current $16 billion bid

• Oracle's (NASDAQ:ORCL) CEO noted dangers of the European regulatory delay of its proposed $7 billion acquisition of Sun Microsystems (NASDAQ:JAVA), saying Sun Micro is currently losing about $100 million a month

• AMR (NYSE:AMR) announced a 30 million common and $250 million convertible senior notes offering

• Louisiana-Pacific (NYSE:LPX) said it is planning a public offering of 18 million shares of its common stock

• TJX (NYSE:TJX) said its board approved a $1 billion share buyback, reflecting 6.2% of the company's outstanding shares

• Microsoft's (NASDAQ:MSFT) Bing search engine managed to grab more share from Google (NASDAQ:GOOG), reaching 9.3% of

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NEW YORK, Sept. 1, 2009 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS) today announces the acquisition of Point B Telematics, Inc., the Seattle, Washington-based fleet management and asset tracking software company and operator of WIMFleet.

Point B Telematic’s WIMFleet (http://www.pointbtel.com/point_b_telematics_products/wimfleet_products.html) product allows customers to easily utilize their fleet’s travel and location “data,” by creating secure online useful reports that leverage good decision-making processes. Point B Telematics will continue to operate as a unique part of the TIE Technologies Telecommunications division, integrating additional TIE products and services to provide greater security and efficiency for customers.

Once TIE has acquired one hundred percent of the 10,000,000 shares of Point B Telematics, Inc. it will have issued 500,000 shares of TIE Technologies, Inc. common shares in exchange for Point B Telematics. Point B is a key telecommunications acquisition for TIE, bringing customer proven solutions into the TIE portfolio of assets

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Itron Inc. (ITRI) reported second-quarter EPS of $0.49, in line with the Zacks Consensus Estimate. Quarterly EPS declined 52.0% year over year due to uncertainty related to stimulus funds and volatility in foreign currency exchange rates.   Quarterly revenue of $413.7 million was down 19.5% from $513.9 million in the second quarter of 2008. Itron North America (INA) revenue was 21% lower than that in the comparable quarter of 2008 primarily due to the completion of a number of AMR contracts in 2008 and fewer electric meters shipped during the quarter as customers delayed orders due to uncertainty regarding the stimulus bill.   International revenues were 18% lower compared to the prior-year quarter. Majority of this decline was caused by the unfavorable impact of foreign exchange rates. The other factors leading to lower international revenue were the completion of a smart metering/AMI project in 2008 and lower revenue in

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The probably bankruptcy of CIT Group Inc. (NYSE: CIT) could have major implications on the retail and manufacturing sectors this week, as many related companies are reliant on the financing giant.

With options running out over the weekend, CIT advisors began preparations for a bankruptcy filing. As of Sunday, JPMorgan Chase & Co. (NYSE: JPM) and Morgan Stanley (MS) were talking with other banks about a debtor-in-possession loan, used to fund a company’s operations after it seeks court protection from creditors, Bloomberg News reported.

Bondholders held calls last week to discuss whether to swap some claims for equity to reduce indebtedness. Thomas Lauria, a lawyer at White & Case LLP, told Bloomberg that a group of CIT creditors he represents offered to provide $3 billion in new loans to bridge CIT to an out-of-court restructuring or an orderly bankruptcy, but had yet to hear back from CIT management.

“It seems CIT was

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