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Tuesday November 17, 2009

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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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Microsemi Corporation’s (MSCC) fiscal fourth quarter earnings beat the consensus by a penny.

 The company reported revenue of $109.7 million, which was up 2.5% sequentially and down 18.6% year over year.   Microsemi’s Analog/Mixed Signal products cater to three end markets—mobile/connectivity, notebooks/LCD TVs/display and industrial/semicap.  The mobile/connectivity business (11% of revenue) grew 25.3% sequentially and declined 37.6% from the year-ago quarter. The business is currently being driven by the WLAN product line, as the high capital requirement of POE installations limit adoption in the current environment.  Notebooks/LCD TVs/displays generated 7% of revenue, representing a sequential increase of 43.5% and a year-over-year decline of 42.2%. The sequential strength in this business was driven by the seasonally strong LCD TV market, where Microsemi’s CCFL backlights gained share. This was partially offset by sluggish notebook CCFL and auto display markets.  The industrial/semicap business remains weak, generating just ...

Becton, Dickinson and Co. (BDX) reported strong fourth quarter and full fiscal 2009 results. For the fourth quarter, earnings per share were $1.25, beating the Zacks Consensus Estimate by a cent and the year-ago earnings by 14 cents. For fiscal 2009, earnings per share came in at $4.95, which was below the Zacks Consensus Estimate by a cent but surpassed the year-ago earnings by 53 cents.  Quarterly Results  Revenues for the reported quarter came in at $1.9 billion as against $1.81 billion in the year-ago quarter, representing an increase of 4.7%. However, revenues grew 8%. excluding the unfavorable impact from foreign currency translation.  In terms of business segments, worldwide BD Medical revenues increased 8.2% to $1.01 billion in the quarter. The growth was driven by strong sales of Pharmaceutical Systems products, coupled with solid sales of Medical Surgical Systems products. Excluding the unfavorable impact from ...

Construction and mining equipment manufacturer Terex Corporation (TEX) announced its third quarter results recently. The company reported wider-than-expected net loss for the quarter. Terex posted a net loss of 77 cents per share, compared to the Zacks Consensus Estimate of a net loss of 33 cents. Profits in the Cranes and Materials Processing & Mining segments were more than offset by losses in the Aerial Work Platforms and Construction segments. The company had posted net profit of 96 cents per share in the comparable quarter of 2008. Net sales during the quarter declined 51.2% to $1,226.1 million from $2,514.6 million in the third quarter of 2008 due to weak sales at all of the company’s businesses, as well as an unfavorable foreign currency translation impact. Sales declined in all the four segments due to the impact of the global economic slowdown on target markets. Order backlog ...

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Friday October 9, 2009

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Danvers Bancorp, Inc. (NASDAQ: DNBK) announced that at a special meeting of its stockholders held on October 9, 2009, Danvers stockholders voted to approve the Agreement and Plan of Merger by and between Danvers and Beverly National Corporation (NYSE Amex: BNV), dated as of June 16, 2009, pursuant to which Beverly National Corporation will merge with and into Danvers.

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE: VLY) announced today that DBRS, a globally recognized provider

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In August, industrial production rose 0.8% from July, and the July increase was revised from a gain of 0.5% to a gain of 1.0%. In manufacturing, production was up 0.6% following an upwardly revised gain of 1.4% in July (was 1.0%). Output at the country’s mines rose 0.5% following a 0.6% gain in July. Utility output, which can be affected as much by the weather as by economic activity, rose 1.9% in August following a 1.6% decline in July. These increases are a big turnaround from what we had been seeing. On a year-over-year basis, total industrial production is still down 10.7%, with manufacturing down 12.2% and mining down 10.5%. Utility output is basically unchanged on a year-over-year basis, down only 0.1%. Having two back-to-back gains in industrial production is highly significant, and constitutes definitive proof, in my opinion, that the recession is over. Breaking the release ...

Much pomp and circumstance was certainly made in relation to the fact that Japan actually grew in the second quarter at a full annualized 3.7 percent in the second quarter of 2009. Yet, the underlying numbers to suggest a recovery are still sorely missing. Deflation now seem to have taken hold, unemployment is rising fast and although the recent manufacturing PMI provided us with an upbeat signal, the underlying trend still is still that of a very tepid recover, if at all, or just a plain slump.

(quote Bloomberg)

Japanese businesses cut spending for a ninth quarter as the global recession squeezed profits, underscoring the challenge for the incoming government to sustain a recovery from the country’s worst postwar slump. Capital spending excluding software fell 22.2 percent in the three months ended June 30 from a year earlier, after dropping a record 25.4

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Thursday August 27, 2009

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EGPI Firecreek, Inc. (OTCBB:EFIR) announced today that it has signed a binding letter of intent to acquire privately owned South Atlantic Traffic Corporation (”SATCO”), a Florida corporation. SATCO has been in business since 2001 and has several offices throughout the Southeast United States. They carry a variety of products and inventory geared primarily towards the transportation industry, which reportedly generate nearly $15 million in annual revenues. SATCO’s products range from traffic signal equipment, traffic and light poles, data/video systems and ITS surveillance systems. This acquisition will vertically integrate with the Company’s recently acquired M3 Unit and will help accelerate future anticipated

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A leading producer of lead-acid motive batteries, Chisen Electric Corp. reported yesterday that revenues in the first quarter increased by approximately 33% as strong sales of its battery products continued to grow. The company reported that revenues in its first quarter increased to $29,475,000 compared with revenues of $22,225,000 in the same period a year earlier. Net income increased slightly from $1,912,000 to $2,005,000.

Chisen Electric Corporation, headquartered in Zhejiang Province, the People’s Republic of China, sells its products under its own brand names for predominant use in electric bicycles. Among all types of batteries for electric bicycles, the lead-acid motive battery is the preferred choice for electric bicycle manufacturers in China due to its cost efficiency. In the fiscal year ending March 31, 2009, the company manufactured more than 7,740,000 batteries and had more than 2,000 employees.

As the third largest producer of lead-acid motive battery products in China, Chisen believes

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Monday August 10, 2009

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Amigos de las Americas and Continental Airlines (NYSE: CAL) are proud to announce the Grand Prize Winner of the 2009 Continental Latin America Photo Contest. Darien Clary of Austin, Texas, took the winning photo titled “Blue Crabs for Dinner” in the Dominican Republic where she is currently spending her summer doing fieldwork in public health.

Fairchild Semiconductor (NYSE: FCS), a leading global supplier of high performance products to drive energy-efficiency, has received the Strategic Supplier Award, 2009 from Hisense.

Pinnacle Entertainment, Inc. (NYSE: PNK) announced today that it has closed the previously announced private offering of $450 million aggregate

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