Cogo Group Inc. (COGO) reported third quarter 2009 earnings per share of 12 cents, matching the Zacks Consensus Estimate. The company posted quarterly revenue of $82.0 million, a year-over-year increase of 9.7%.  Industrial applications business generated revenues of $11.1 million, or 13.5% of total revenue, representing a 259.6% year-over-year increase, from industrial solutions targeted at the electrical grid and other sectors. Digital media revenue was $49.4 million, or 60.2% of total revenue for end-markets. Telecommunications equipment revenue was $20.3 million, or 24.7% of total revenue, representing a 9.4% decrease year-over-year. The company’s service business contributed $1.3 million in net revenues for the quarter and accounted for approximately 1.6% of total net revenue.  Gross margin for the quarter increased to 14.4%, compared to 13.8% reported during the third quarter of 2008. The increase in gross profit margin was due to increased revenue in industrial business end-market, which ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

3M Co (MMM) Acadia Realty Trust (AKR) Actel Corp (ACTL) Amerigon Inc (ARGN) Avnet Inc (AVT) Santander BanCorp (SBP) Big 5 Sporting Goods Corp (BGFV) Briggs & Stratton Corp (BGG) Carrols Restaurant Group Inc (TAST) Cavco Industries Inc (CVCO) Connecticut Water Service Inc (CTWS) Crane Co (CR) Dow Chemical Co (DOW) Drew Industries Inc (DW) Enbridge Energy Management LLC (EEQ) Euronet Worldwide Inc (EEFT) GAMCO Investors Inc (...

For Immediate Release

Chicago, IL – November 9, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Avnet, Inc. (AVT), Arrow Electronics (ARW), VeriSign, Inc. (VRSN), Patterson-UTI Inc. (PTEN) and Nabors Industries (NBR).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s Analyst Blog:

Avnet Tops Estimates

Avnet, Inc. (AVT) recently reported revenues of $4.36 billion for the first quarter of fiscal 2010, down 3.1% from a year ago. Excluding the negative impact of foreign currency exchange rates, revenues declined 0.6%.

Management stated that the impact of global slowdown led to

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Avnet, Inc. (AVT) recently reported revenues of $4.36 billion for the first quarter of fiscal 2010, down 3.1% from a year ago. Excluding the negative impact of foreign currency exchange rates, revenues declined 0.6%.

Management stated that the impact of global slowdown led to the year-over-year decline, but the business environment is improving.

On a segment basis, Electronics Marketing (EM) sales came in at $2.44 billion, down 9.8% year over year (down 8.0% when adjusted to exclude the impact of changes in foreign currency exchange rates). The rate of revenue decline moderated in the reported quarter and management is encouraged by pace of bookings for this segment in recent months.

Technology Solutions (TS) generated sales of $1.92 billion, up 6.9% year over year (up 10.5% when adjusted to exclude the impact of changes in foreign currency exchange rates), driven by growth in Americas and Europe, Middle East and Asia (EMEA).

The company

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Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Friday October 23, 2009

DrStockPick.com Stock Report!

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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Avnet, Inc. (AVT) recently announced that it has acquired a controlling interest in Vanda Group from Hutchinson Whampoa Limited in a strategic move to expand its presence and customer base across China. Vanda Group will operate as an Avnet company while maintaining its current operations, management team and the Vanda brand. Vanda Group is a leading IT solutions and services provider covering major cities in China, Hong Kong and Macau, and has been around 27 years. Vanda Group provides systems integration services and solutions incorporating hardware and software from major suppliers including IBM (IBM), Lenovo, Cisco (CSCO), Sun (JAVA), Nokia (NOK) and Oracle (ORCL). The company serves clients from diverse industries including major banks, financial institutions, telecommunications companies, utilities and government departments. Vanda Group generated revenues of approximately $50 million in 2008 and employs more than 600 people. The transaction will ...

Arrow Electronics (ARW) recently agreed to sell its $300 million aggregate principal 6% notes due Apr 1, 2020. The company expects to close the transaction on Sep 30, 2009. Management plans to use the proceeds for general corporate purposes and for the repurchase of its existing 9.15% Senior Notes due 2010.

Earlier, the company commenced a fixed price cash tender offer for its outstanding $200 million aggregate principal 9.15% Senior Notes due 2010. The company is offering cash for the principal and interest due on the notes.

The company generated $300 million of cash from operating activities in the second quarter of 2009. As of Jul 4, 2009, the company had a total debt of $1261.0 million and cash and equivalents of $908.4 million.

The company reported weak results for the second quarter due to the weakening demand. Electronic distributors have been hit hard by the global slowdown, which continues to

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Cogo Group, Inc. (COGO) announced a series of module design wins within multiple Smartphone and Smartbook products on both Windows Mobile and Android platforms.

The company's initial wins include blue chip Chinese handset vendors such as Huawei and ZTE, and it expects to secure contracts with other domestic China handset vendors as well. Cogo expects to begin recording small amounts of revenue from these contracts in the third quarter of 2009, with sales ramping up through the end of 2009 and into 2010.

As with the mainstream market, Cogo's current Smartphone designs are mainly based on the Windows Mobile platform. The company expects to unveil an Android product in the fourth quarter of 2009. Since Windows Mobile and Android are broadly-accepted platforms in the global market, it will help Cogo's customers expand their export business.

The company continues to experience growth in its combined digital media and handset business and has

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Monday August 3, 2009

PennyOmega.com Stock Report!

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Geokinetics Inc. (NYSE Amex: GOK) has scheduled a conference call and webcast on Friday, August 7, 2009, beginning at 11:00 a.m. Eastern Daylight Time and 10:00 a.m. Central Daylight Time to discuss its second quarter 2009 financial and operational results. The webcast may be accessed online through Geokinetics’ website at www.geokinetics.com in the Investor Relations section. A limited number of telephone lines will also be available to participants ten minutes prior to the start of the webcast by dialing (877) 407- 9210 for domestic or (201) 689-8049 for international.

Avnet Technology Solutions, a solutions distribution leader and an operating

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DrStockPick.com Stock Report!

Thursday July 30, 2009

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CAS Medical Systems, Inc. (Nasdaq:CASM) today announced that the Company will release second quarter results for the period ended June 30, 2009 on Wednesday, August 5, 2009 before the market opens. The Company will host a conference call that same day at 10:00 a.m. Eastern Time. Participants on the call will be Andrew Kersey, President and CEO, and Jeffery Baird, CFO.

The Board of Directors of Union Pacific Corporation (NYSE: UNP) has declared a quarterly dividend of 27 cents per share on its common stock, payable October 1, 2009 to stockholders of record August 31, 2009.

The Avnet Electronics Marketing Americas business region of

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