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Patni Exceeds Estimates – Analyst Blog

Zacks Market Commentaries — Tue, 24 Nov 2009 21:37:52 +0000

Patni Computer Systems Ltd (PTI) reported earnings per ADS of 38 cents, exceeding the Zacks Consensus Estimate of 34 cents for the third quarter of 2009.

Revenues during the quarter were higher by 3.3% sequentially to $167.2 million from $161.9 million in the preceding quarter. Revenue growth was driven by volume growth of 3.0% (including higher number of days) and 0.3% due to currency impacts. Number of active clients was 283 at quarter end as compared to 294 in the second quarter of 2009.

Gross margin was at 37.1% or $62.0 million against 34.7% or $56.2 million in the previous quarter. Gross profit adjusted for extraordinary items is at $60.9 million at 36.4% during the quarter. Improvement in gross margin is primarily on account of higher utilization and impact of cost rationalization measures.

Sales and marketing expenses during the quarter were $14.2 million at 8.5% as compared to $12.0 million at 7.4% in the previous quarter.

For the quarter, other income (including interest and dividend income net of interest expenses, profit/loss on sale of investments and other miscellaneous income) stood at 3.5% or $5.9 million.

Net income for the quarter at 21.3% was $35.7 million against $28.7 million at 17.7% in the previous quarter. Net income adjusted for extraordinary items was $24.3 million at 14.5% for the quarter.

During the quarter, against net income of $35.7 million, cash from operating activities was $34.4 million. Receivables at the end of the reported quarter were $105.6 million as compared to $100.7 million at the end of the previous quarter. Number of days outstanding (including unbilled) for the current quarter was 75 days, similar to the previous quarter.

Fourth quarter revenues are expected to be $168 million to $169 million. Net income (excluding hedging gain/loss) is expected to be in the range of $24 million to $25 million.

Mr. Vijay Mehra has been appointed as Executive Vice President and Head of Business Verticals. Mr. Naresh K. Lakhanpal has been appointed as President, Patni Americas Inc. Mr. V Mathivanan has been appointed President, APAC and will lead this business from Singapore, where Patni has recently established its new regional headquarters.

Patni Computer Systems Limited is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices. Major competitors are Infosys Technologies Ltd (INFY) and Wipro Ltd (WIT).
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Consorteum Holdings, Inc. (CSRH.OB) to Provide Manufacturer and Retailer Industry Solutions

QualityStocks — Wed, 18 Nov 2009 20:13:10 +0000

The business strategy of Consorteum Holdings Inc. is to capitalize on global opportunities within the growing financial services, payment and transaction processing marketplace. The company can customize the right solution to payment and transaction ‘headaches’ for a wide variety of entities in both the public and private sector. Consorteum recently reported that it had signed a [...]

Xcellink International, Inc. (XCEL.OB) Signs Agreement with 3i Infotech for iPhone Integration

QualityStocks — Tue, 10 Nov 2009 17:51:47 +0000

Xcellink International Inc. is a developer of patented mobile payments and banking platforms. The company’s unique process enables customers, rather than the merchants, to initiate, control and pay for all transactions without the need for any type of cards (credit, debit, etc.) in real-time anywhere, anytime and at a fraction of the cost of current [...]

Pay88 Inc. (PAYI.OB) Extends Reach to Include Financial Services through Agreement with Chongqing Kai Yuan

QualityStocks — Tue, 10 Nov 2009 15:12:27 +0000

Pay88 Inc. operates through its wholly owned subsidiary Chongqing Qianbao Technology Ltd as a growing digital technology company. Pay88 is a leading reseller of Internet game time in China and is primarily engaged in selling prepaid online multi-player game cards in more than 20 cities in China. The company today announced an agreement with Chongqing [...]

Xcellink Signs Agreement With Technology Giant 3i Infotech for iPhone Integration

Stuart T. Smith — Tue, 10 Nov 2009 15:06:08 +0000

LAS VEGAS, NV — (Marketwire) — 11/10/09 — Xcellink International Inc. (OTCBB: XCEL), a developer of a patented mobile payments & banking platforms, is pleased to announce that is has executed an agreement with 3i Infotech for the development and integration of its patented software with Apple’s iPhone technology. Work will be carried out by 3i [...]

Syntel – Growth And Income – Zacks Rank Buy

Alex Kolb — Tue, 10 Nov 2009 05:00:00 +0000

Syntel (SYNT) recently declared a regular quarterly dividend of 6 cents per share, which translates into an industry-leading yield of 0.6%. The company also reported third-quarter earnings of 73 cents per share, eclipsing last year's 54 cents and topping the Zacks Consensus Estimate by 24%.

Company Description

Syntel Inc. provides information technology and knowledge process outsourcing services worldwide. In describing its business, the company explains that it delivers flexible, custom Information Technology and Business Process outsourcing solutions that improve quality and reduce costs. Syntel serves the financial services, healthcare, insurance, automotive and retail industries among others.

Solid Income

The company recently declared a regular quarterly dividend of 6 cents per share, noting that it is payable on January 14 to shareholders of record at the close of business on December 31.

The 6-cent dividend translates into an industry-leading yield of 0.6%.

Strong Third Quarter

In late October, Syntel reported third-quarter earnings of 73 cents per share, eclipsing last year's 54 cents and topping the Zacks Consensus Estimate by 24%.

Revenue was 1% year-over-year, totaling $104.7 million and was 5% above the previous quarter's result.

Management said the strong financial and operating discipline at Syntel has been evident in its financial performance during a very difficult nine month period. The company expects that as the demand environment for offshore services improves, margin pressure will increase.

Higher Forecasts

Syntel noted in the quarterly report that it sees full year earnings ranging between $2.60 and $2.65 per share.

Analysts polled by Zacks are forecasting 2009 earnings of $2.64 per share, up from last month's $2.44.

Strong Industry Comparisons

The technology services player has a return on equity (ROE) of 40%, more than doubling the industry-average of 14%. The company boasts a solid balance sheet, showing no debt. Its net profit margin of 27% is well above the industry average of 5%. Zacks Investment Research

November 9th CEOcast Weekly Newsletter

QualityStocks — Mon, 09 Nov 2009 20:58:57 +0000

Companies featured in this edition of the newsletter: ACTC, CHIP, CVM, DKAM, ENZ, IWEB, MBCI, MFGD, PHC Markets rebounded last week, on the strength of upbeat productivity and manufacturing reports that led to solid gains in all of the major indices. Despite news that the unemployment rate had hit its highest levels in 25 years, the [...]

NCR Grabs Netkey – Analyst Blog

Zacks Market Commentaries — Mon, 09 Nov 2009 18:16:26 +0000

A recent press release from NCR Corp. (NCR) confirms that it has purchased the assets of a market-leading provider of kiosk and digital signage software applications, Netkey, Inc. for an undisclosed amount. We believe that after acquisition NCR is expected to integrate Netkey’s software with its own technologies to deliver world class enterprise solutions, including both hardware and software solutions to its clients.

This acquisition is expected to provide NCR with a good digital signage application platform, which is built on the same platform as Netkey’s kiosk applications, thereby helping the deployment and support of NCR’s solutions.

It will also enable NCR to help customers across multiple industries with kiosk and digital signage solutions that deliver more effective transactions, promotions and information which is the main reason for the merger. The more customer-friendly solutions are expected to attract new customers.

This should be a positive in the current environment, especially considering the fact that the third quarter numbers were disappointing. NCR reported revenues of $1.14 billion, a decrease of 18.0% from $1.37 billion in the year-ago quarter. This decrease included approximately 1 percentage point of negative impact from foreign currency translation. The year-over-year revenue comparison was impacted by global economic conditions which weakened the global financial services, retail and hospitality industries.

The company reported substantial revenue declines across all its geographic regions namely, the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific and Japan (APJ). This apart, NCR expects a dull 2009, which is expected to result in a revenue decline of 12% to 14% on a constant currency basis compared with 2008. Although the recent acquisition is expected to positively influence the revenue stream in the long run but the near-term outlook of the company remains bearish.

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Edison Pushes Past Estimate – Analyst Blog

Zacks Market Commentaries — Fri, 06 Nov 2009 21:15:06 +0000

Edison International's (EIX) adjusted EPS of $1.09 in the third quarter of fiscal 2009 pushed past the Zacks Consensus Estimate of $1.05 by 4 cents. However, adjusted EPS for the quarter fell short of the year-ago $1.46 EPS.

On a GAAP basis, the company reported quarterly EPS of $1.23, compared to $1.33 in the year-ago quarter. The discrepancy between GAAP and adjusted EPS were due to non-cash accounting benefit from the final regulatory approval to transfer its Mountainview power plant to utility rate base.

Edison's revenue fell 14.7% year-over-year to $3.7 billion from $4.3 billion. The downside was more prominent in electric utility revenue (83.7% of total revenues), which decreased 11.6% year-over-year. Competitive power generation revenues fell 27.2% to $592 million. Financial services and other revenues were only $7 million in the reported quarter from $14 million in the year-ago quarter.

Southern California Edison's (SCE) GAAP EPS in the reported quarter was $1.06, compared to $0.72 last year. Core earnings were 92 cents per share, versus 87 cents year-over-year. This increase was primarily due to higher operating income associated with the utility's 2009 General Rate Case (GRC) and lower non-operating expenses, partially offset by higher income tax expense. SCE also recorded a non-core benefit of 14 cents per share in the quarter to reflect the non-cash accounting benefit from the final regulatory approval to transfer its Mountainview power plant to utility rate base. SCE recorded a 15-cent per share non-core charge in the third quarter 2008 resulting from the California Public Utilities Commission (CPUC) performance-based ratemaking decision.

Edison Mission Group's (EMG) reported GAAP EPS of 19 cents per share, compared to 66 cents per share in the year-ago quarter. Core earnings were 19 cents per share, against 64 cents in the year-ago quarter. Core earnings declined primarily from lower income at its coal- and gas-fired projects, driven by lower energy prices and from lower trading income. Core results for the year-ago period included a 5-cent per share charge related to power contracts with Lehman Brothers and excluded 2 cents per share from discontinued operations.

Edison International parent company and other reported a loss of 2 cents per share, compared to a 5-cent loss in the third quarter of 2008.

Edison International reported cash and cash equivalents of $2.4 billion at the end of first nine months of fiscal 2009 from $3.9 billion at year-end fiscal 2008. The company reported $2.1 billion in cash from operating activities for nine months, compared to $1.6 billion at the end of the first nine months of fiscal 2008. Long term debt decreased to $10.4 billion for nine months from $11 billion at the end of fiscal 2008.

Edison International narrowed its core earnings guidance of $2.90 – $3.20 per share for fiscal 2009 to $2.95 – $3.15. Similarly, the company updated its 2009 GAAP earnings guidance from $2.18 – $2.48 to $2.23 – $2.43.

Read the full analyst report on "EIX"
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PWRM, INTC, PSFT, JPM, AQNM, MSFT, CVAT, STEC, CSRH, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 04 Nov 2009 19:20:12 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday November 4, 2009 DrStockPick.com Stock Report! PWRM, INTC, PSFT, JPM, AQNM, MSFT, CVAT, STEC, CSRH ************************************************************** PSFT, Powersafe Technology Corp., PSFT.PK PSFT 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 [...]

ADP Sees 203,000 Jobs Lost – Analyst Blog

Dirk Van Dijk — Wed, 04 Nov 2009 16:17:23 +0000

This morning, Automatic Data Processing (ADP), the biggest payroll processing firm, estimated that the economy lost 203,000 private sector jobs in October. That was more than the consensus estimate of 190,000 jobs lost. However, the September job loss numbers were revised to a loss of just 227,000 from the original read of 254,000. Thus the losses are coming from a higher base level, and if the revisions are included, this report was in line with consensus or perhaps a bit better.

Still, it indicates that while the economy might be expanding, employment isn’t. However, this is the seventh straight month where ADP has seen fewer jobs lost than the month before. This is similar to the pattern that we saw following the last two recessions.

While employment has always been considered a lagging indicator, it has been becoming more so with each passing decade. In part this reflects the changing nature of the workplace, with manufacturing jobs making up a much smaller part of the total.

Also, this time around an unusually high percentage of the job cuts are of the permanent variety (see "Permanent vs. Temporary Layoffs"). The graph below, originally from the Atlanta Fed, was also used in that post. The job loss numbers are a net number, with new jobs created offsetting other job losses. The rate of layoffs has slowed down, but the rate of job creation has not yet picked up (see "It's the Lack of Job Creation, Stupid!").

By sector, ADP saw 86,000 jobs lost in the service sector, which is far larger, but more stable than the goods producing sector. The service sector losses included 18,000 from financial services -- the 23rd straight month of declines there. The goods producing sector lost 117,000 jobs, including 65,000 in manufacturing and 51,000 in construction.

The read on manufacturing is in direct contrast with the ISM manufacturing survey which came out on Monday and indicated that manufacturing was actually gaining jobs in October. We will see on Friday which one was right when the Bureau of Labor Statistics (BLS) comes out with the official employment numbers. The consensus for the BLS (which includes government jobs, while ADP does not) report is for a decline of 175,000 jobs. The ADP report might make people a little bit more inclined to take the over on that number, but I don’t think by a lot.

By firm size, it looks like large firms, which tend to have better access to financing, are faring better than their little brothers. They lost a total of 53,000, while medium and small firms each lost 75,000 thousand. Traditionally, small businesses are one of the main engines of job creation in the country, something I wrote about here: "A Rarity: The Small-Business Loan." However those numbers are a little bit deceptive since small businesses employ more people overall than do large businesses.

Specifically, there are 17.9 million people working for firms with more than 500 employees, 42.3 million working for firms between 50 and 499 employees and 48.1 million working for firms with fewer than 50 workers. Thus on a percentage basis, large employers dropped 0.3% of their payroll in October, while medium-sized firms dropped 0.18% and small firms dropped less than 0.16%. As evidenced by the announcement yesterday by Johnson & Johnson (JNJ) that it would be trimming back its worldwide workforce by 7%, even the largest, most well-financed and stable of companies have not been immune from layoffs in this cycle.

All of this, however, is prelude to the big number on Friday. The September number was a major disappointment after months of steady improvement. The October report (and the revisions to September and August) will tell us if that was simply a temporary aberration, or the start of a new trend that we should be worried about. My gut tells me that it was an aberration.

The economy is getting back on track, but it seems like it is likely to be stuck in first gear for a while, but at least that is better than going in reverse. Of course there is a bit of a "chicken-and-the-egg" problem, since continued job losses tend to hurt the economy and can lead to further job losses.

A rising unemployment rate at a level over 10% is a recipe for Scrooge to rule Christmas, not Santa. However, it looks as if the fiscal and monetary stimulus program have managed to break that vicious cycle enough to generate at least some economic growth, but not yet enough to cause net job growth. History suggests that it will come, but might take a few more months.

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DrStockPick.com Stock Report! 11/04/09, PWRM, NZ, BTN, PLXT, AB, INMD

Dr. Stock Pick — Wed, 04 Nov 2009 15:50:27 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Wednesday November 4, 2009 DrStockPick.com Stock Report! ************************************************************** 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 [...]

Consorteum Holdings, Inc. (CSRH.OB) Focuses on Right Solutions for Payments Industry

QualityStocks — Tue, 03 Nov 2009 19:56:50 +0000

Consorteum Holdings Inc. provides financial services, payment services and electronic transaction processing services for a wide variety of institutions in both the public and private sectors. The company’s strategic plan is to capitalize on the many global opportunities within the growing financial services, payment and transaction processing marketplace. The company is an unencumbered technology solutions partner [...]

DrStockPick.com Stock Report! 11/03/09, PWRM, SONE, CALC, IBM, NFLX, GOOG

Dr. Stock Pick — Tue, 03 Nov 2009 19:54:32 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Tuesday November 3, 2009 DrStockPick.com Stock Report! ************************************************************** 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 [...]

BNY Mellon Completes Acquisitions – Analyst Blog

Zacks Market Commentaries — Tue, 03 Nov 2009 16:15:55 +0000

Yesterday, the Bank of New York Mellon Corporation (BK) completed two acquisitions - Insight Investment Management Limited and Pinnacle Arbitrage Compliance.

It acquired Insight Investment Management Limited from Lloyds Banking Group plc (LYG) Insight Investment specializes in Liability Driven Investment (LDI) solutions, active Fixed Income and Absolute Return and is based in London. Its clients include some of the UK's largest pension schemes, corporations, insurance companies and local authorities, along with a growing number of non-UK clients and some of the best known financial services and intermediary companies.

BNY Mellon also completed its previously announced acquisition of Pinnacle Arbitrage Compliance, one of the largest independent U.S. firms devoted exclusively to compliance services for tax-exempt bond issuers and conduit borrowers. Terms of the agreement were not disclosed.

With these acquisitions, BNY Mellon will have more than $1 trillion in assets under management. By choosing to grow its demand in UK and internationally through these acquisitions, BNY Mellon Asset Management will become one of the largest managers of UK pension funds and UK mutual funds.

BNY Mellon reported third quarter earnings of 54 cents per share well ahead of the Zacks Consensus Estimate of 47 cents. This excludes hefty charges on investment securities portfolio restructuring and M&I expenses.

On a GAAP basis, the third quarter loss from continuing operations came in at $2.04 per share, compared to income of 26 cents in the prior-year quarter. The results for the quarter were primarily impacted by an investment securities portfolio restructuring charge of $2.54 per share.

As long as equity markets continue to improve, we believe BNY Mellon should experience increase in its asset management and servicing fees. Also fee generation will get momentum when the Federal Reserve starts increasing interest rates from their current level of near zero.

We think that BNY Mellon is well positioned to benefit from the growth of global financial assets, supported by the increasing savings levels, the modernization of public-pension schemes, and growth in cross-border investing. Also, in terms of credit quality, the company maintains a better profile than most of its banking peers, with minimum exposure to consumer or construction loans.

However, we expect interest-bearing deposit costs to rise at a faster rate than asset yields due to competitive pressure, thereby negatively impacting net interest margin as well as net interest income.

As such, we maintain our Neutral recommendation on the shares of BNY Mellon.
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DrStockPick.com Stock Report! 11/02/09, LAVA, PSFT, NLC, SONE, BVSN, MIPS

Dr. Stock Pick — Mon, 02 Nov 2009 14:10:52 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Monday November 2, 2009 DrStockPick.com Stock Report! ************************************************************** 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 [...]

Snap-on’s 3rd Quarter Disappoints – Analyst Blog

Zacks Market Commentaries — Fri, 30 Oct 2009 20:50:59 +0000

Snap-on Inc. (SNA) posted lackluster third quarter results before the opening bell Thursday as the company’s European operations and Financial Services segment adversely affected performance.

The Kenosha, WI-based company’s earnings plunged 53.5% year over year to $25.4 million, or 44 cents per share, missing the Zacks Consensus Estimate by 5 cents. Total sales slipped 16.6% year over year to $581.8 million, with adverse foreign currency translations contributing 3% of the decrease.

Commercial & Industrial Group segment sales fell 21.5% year over year to $265.4 million; excluding foreign currency translation, sales fell 17.2%. Operating earnings slipped $29.8 million from the prior year quarter to $10.9 million. The decline was caused by lower sales, particularly in Europe, coupled with the company’s inventory reduction efforts. Moreover, performance was also affected by $4.5 million of restructuring costs associated with operations in Europe.

Snap-on Tools Group segment sales contracted 8.5% year over year to $246.6 million in the quarter; excluding foreign currency translation, sales fell 7.1%. However, operating earnings grew 8.5% to $30.6 million driven by management’s cost reduction and inventory management efforts.

Diagnostics & Information Group segment sales declined 14.9% year over year to $132 million; excluding foreign currency translation, sales fell 12.6% on account of a decrease in sales to Original Equipment Manufacturer (OEM) dealerships. Despite sluggish sales, operating earnings grew 17.6% to $32 million primarily due to sales of higher-margin diagnostics and software products, as well as the company’s cost management initiatives.

Financial Services revenue plunged 66.7% year over year to $6 million as the company terminated its financial services operating agreement with the CIT Group Inc. (CIT) earlier in the quarter. The company recorded an operating loss of $5.3 million in the segment, compared to an operating profit of $4.8 million in the year-ago period. The company expects to record an operating loss of $3 million to $5 million in this segment during the fourth quarter.

Snap-on ended the quarter with cash and cash equivalents of $709 million, compared to $118.3 million in the prior year quarter. During the first 9 months, the company raised $545.9 million from the issuance of long-term notes, and its total long-term debt outstanding at the end of the quarter was $902.4 million.

Looking ahead, Snap-on continues to move forward with its planned investments in China and Eastern Europe despite macroeconomic headwinds. Capital expenditures for the full-year are expected between $60 million and $70 million.
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Consorteum Holdings, Inc. (CSRH.OB) – The Right Payment Solutions Partner

QualityStocks — Fri, 30 Oct 2009 18:34:20 +0000

Consorteum Holdings Inc. provides financial services, payment and transaction processing services to firms in both the public and private sector. The company’s business strategy is to build on their expertise within the payments and transaction industry in North America, Europe and elsewhere. The company first identifies new business opportunities and technology trends for their clients and [...]

DrStockPick.com Stock Report! 10/30/09, STT, PSFT, INUV, ICXT, ROSG, NIDB

Dr. Stock Pick — Fri, 30 Oct 2009 15:00:04 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 30, 2009 DrStockPick.com Stock Report! ************************************************************** 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 [...]

NCR Falls Short of Expectations – Analyst Blog

Zacks Market Commentaries — Tue, 27 Oct 2009 20:02:31 +0000

NCR Corporation’s (NCR) third quarter EPS of 19 cents fell short of the Consensus Estimate of 24 cents.

Revenue
NCR reported revenue of $1.14 billion in the quarter, a decrease of 18.0% from $1.37 billion in the year-ago quarter. This decrease included approximately 1 percentage point of negative impact from foreign currency translation. Year-over-year revenue was impacted by global economic conditions and the resultant effect on the global financial services, retail and hospitality industries.

The company reports results according to the various geographic segments. Accordingly, the Americas reported revenues of $514.0 million, a decrease of 17.0% from the year-ago quarter. This decrease was primarily due to lower product sales to customers in the financial services and hospitality industries in the US, Caribbean and Latin America.

In the Europe, Middle East, Africa (EMEA) region, revenues were $390.0 million, a decrease of 22.0% from the year-ago quarter. The decrease in revenue was primarily driven by the reduction in product sales to customers in financial services across the region.

The Asia-Pacific and Japan (APJ) region reported revenues of $231.0 million, a decrease of 10.0% from the year-ago quarter. This decline may be attributed to lower sales in the financial services industry as well as a three percentage point negative impact of foreign currency translation.

Operating Results
GAAP gross margin for the quarter was 19.7%, versus 22.5% in the year-ago quarter. Gross margin was negatively impacted by lower product sales and unfavorable mix, offset by the benefit from manufacturing realignment and cost reduction initiatives.

Income from operations was $29.0 million in the quarter and included $41 million of pension expense. This compares to $100.0 million of income from operations in the third quarter of 2008, which included $5.0 million of pension expense and $12.0 million of costs related to organizational realignment activity. Excluding these items and pension expense, non-GAAP income from operations decreased to $70.0 million in the quarter compared to $117.0 million in the third quarter of 2008. This translates to non-GAAP operating margin of 6.2% for the quarter, a significant decline from 8.5% reported in the year-ago quarter.

Net income from continuing operations was $15.0 million or 9 cents per diluted share versus net income of $82.0 million or 49 cents per diluted share in the year-ago quarter. Income from continuing operations for the quarter included an after-tax impairment charge of $11.0 million related to an equity investment and an after-tax litigation charge of $4 million, totaling 10 cents per diluted share. Income from continuing operations in the third quarter of 2008 included a $10 million (after-tax) gain, or a 6 cent gain per diluted share, resulting from organizational realignment activity. Excluding these items, non-GAAP income from continuing operations was 19 cents per diluted share versus 55 cents per diluted share in the year-ago quarter. Including the results of discontinued operations net of tax, the company reported GAAP net income of $15.0 million or 9 cents per diluted share versus net income of $80.0 million or 48 cents per diluted share in the year-ago quarter.

Balance Sheet
NCR generated $51.0 million of cash from operating activities during the reported quarter compared to $157.0 million in the year-ago period. Capital expenditures of $53.0 million in the quarter increased from $37.0 million in the year-ago period.

NCR generated $2.0 million of free cash flow (cash from operations less capital expenditures) in the quarter, compared to free cash flow of $120.0 million in the third quarter of 2008. NCR ended the quarter with $419.0 million in cash and cash equivalents, a $12.0 million increase from the $407.0 million in the previous quarter.

Guidance
Given the limited near term visibility, NCR expects full-year 2009 revenues to be in the range of 12.0% to 14.0% lower on a constant currency basis compared with 2008. Based on average exchange rates for September, this would translate to reported revenues being down in the range of 14.0% to 16.0% for the year. Including the $60.0 million investment in the entertainment portfolio in 2009, which results non-pension operating income or NPOI (excluding the impact of pension expense on operating income), the company expects its full-year 2009 NPOI to be in the range of $270.0 million to $290.0 million and non-GAAP earnings from continuing operations in the range of 45 cents to 55 cents per diluted share. The 2009 EPS guidance includes pension expense of $145 million compared to 2008.
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TAXS, SCHW, PSFT, DISH, PWRM, MMM, CSRH, WFC, CVAT, JPM, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick — Tue, 27 Oct 2009 19:36:08 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Tuesday October 27, 2009 DrStockPick.com Stock Report! TAXS, SCHW, PSFT, DISH, PWRM, MMM, CSRH, WFC, CVAT, JPM, AQNM ************************************************************** TAXS, TaxMasters Inc., TAXS.OB TAXS‘ commitment to helping taxpayers in the United States regain compliance with The Internal Revenue Service IRS. TAXS finalized plans this week to take advantage of the [...]

Rent-A-Center Topped Ests – Analyst Blog

Zacks Market Commentaries — Tue, 27 Oct 2009 17:40:06 +0000

Rent-A-Center, Inc. (RCII), the largest rent-to-own operator, recently posted third-quarter earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 50 cents. EPS results climbed 25% from 44 cents delivered in the prior-year quarter buoyed by stringent cost-control measures.

Management expects fourth-quarter earnings in the range of 55 cents to 61 cents per share. For fiscal 2010, earnings is projected between $2.30 and $2.50 per share. The Zacks Consensus Estimate for the fourth quarter and fiscal year are 58 cents and $2.50 per share, respectively.

Total revenue tumbled 5.3% year-over-year to $671.3 million due to 6.1% decline in comparable-store sales. Management expects comps to fall between 3% and 5% for fourth-quarter 2009, and to be flat for fiscal year 2010.

Total revenues are expected in the range of $662 million to $677 million for fourth quarter and between $2.7 billion and $2.8 billion for fiscal year.

Rent-A-Center offers consumer electronics, appliances and furniture products under rental purchase agreements that allow the customer to obtain ownership of the merchandise on the completion of the rental period.

The company’s operating profit jumped 9.5% to $64.4 million, whereas operating profit margin expanded 130 basis points to 9.6%. Adjusted EBITDA rose marginally by 0.6% to $81 million, whereas adjusted EBITDA margin inflated by 70 basis points to 12.1%.

During the quarter, the company opened 13 stores. Management expects to open 10 to 15 company-owned locations during the fourth quarter and 25 to 35 stores in fiscal 2010. At the end of the quarter, there were 3,004 company-owned stores nationwide, and in Canada and Puerto Rico.

Rent-A-Center also provides various financial services, such as short-term secured and unsecured loans, debit cards, and money transfer services under the trade name RAC Financial Services.

During the quarter, the company added financial services to two stores. The company expects to add financial services to about 10 rent-to-own store locations during the fourth quarter and to about 50 stores in fiscal 2010. At the end of the quarter, financial services were available at 345 stores.

The company ended the quarter with cash and cash equivalents of $39.9 million, senior debt of $659.1 million and shareholders’ equity of $1,209.3 million.
Read the full analyst report on "RCII"
Zacks Investment Research

DrStockPick.com Stock Report! 10/27/09, PWAV, CVAT, RAVN, SRZ, UMBF, ARAY

Dr. Stock Pick — Tue, 27 Oct 2009 17:18:50 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Tuesday October 27, 2009 DrStockPick.com Stock Report! ************************************************************** Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering [...]

CSRH, Consorteum Holdings Inc. Its Extensive Expertise within the Payments and Transaction Industry in North America and Europe

Dr. Stock Pick — Tue, 27 Oct 2009 13:45:38 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Tuesday October 27, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Manufacturer and Retailer Solutions in North America and Europe Consorteum Holdings Inc. (OTCBB: CSRH) will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. [...]

GD, PSFT, PWRM, UNH, CSRH, IBM, CVAT, ADBE, AQNM, CRM, DrStockPick.com Stock Report!

Dr. Stock Pick — Mon, 26 Oct 2009 20:12:27 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday October 26, 2009 DrStockPick.com Stock Report! GD, PSFT, PWRM, UNH, CSRH, IBM, CVAT, ADBE, AQNM, CRM ************************************************************** GD, General Dynamics Corp. General Dynamics C4 Systems, a business unit of GD, is a leading integrator of secure communication and information systems and technology. General Dynamics C4 Systems has been awarded [...]

DrStockPick.com Stock Report! 10/26/09, ADI, CSRH, IBM, PRFT, HUM, RLH

Dr. Stock Pick — Mon, 26 Oct 2009 18:30:38 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Monday October 26, 2009 DrStockPick.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries. Analog Devices, [...]

DrStockPick.com Weekend Update! PSFT, PWRM, CSRH, CVAT, AQNM

Dr. Stock Pick — Sat, 24 Oct 2009 16:17:45 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Saturday October 24, 2009 DrStockPick.com Stock Report! PSFT, PWRM, CSRH, CVAT, AQNM ************************************************************** PSFT, Powersafe Technology Corp., PSFT.PK - Powersafe Technology Corp. A breakthrough in the design of photon detectors Powersafe Technology Corp.’s (Other OTC: PSFT.PK) Subsidiary Amplification Technologies has just patented a revolutionary solution for low-level signal detection: multichannel [...]

PSFT, AKAM, PWRM, CSRH, ERTS, CVAT, CVS, AQNM, EXC, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 23 Oct 2009 19:44:12 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday October 23, 2009 DrStockPick.com Stock Report! PSFT, AKAM, PWRM, CSRH, ERTS, CVAT, CVS, AQNM, EXC ************************************************************** AKAM, Akamai Technologies Inc. AKAM provides services for accelerating and improving the delivery of content and applications over the Internet. AKAM, the leader in powering video, dynamic transactions and enterprise applications online, announced [...]

DrStockPick.com Stock Report! 10/23/09, SJR, CSRH, FINL, TSTF, ZAGG, MTXX

Dr. Stock Pick — Fri, 23 Oct 2009 17:53:43 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 23, 2009 DrStockPick.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries. Shaw Communications [...]

PSFT, VZ, PWRM, CSRH, HD, CVAT, MRK, AQNM, SGP, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 23 Oct 2009 17:19:47 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday October 23, 2009 DrStockPick.com Stock Report! PSFT, VZ, PWRM, CSRH, HD, CVAT, MRK, AQNM, SGP ************************************************************** VZ, Verizon Communications Inc. VZ provides communication services in the United States and internationally. It operates in two segments, Wireline and Domestic Wireless. Verizon Wireless, the nation’s largest wireless service provider, today announced [...]

DrStockPick.com Stock Report! 10/23/09, BLDR, CSRH, AVVH, NPD, RPM, CBRX

Dr. Stock Pick — Fri, 23 Oct 2009 13:56:20 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 23, 2009 DrStockPick.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries. Builders FirstSource, [...]

Consorteum Holdings Inc. (OTCBB: CSRH) Provides Manufacturer and Retailer Solutions in North America and Europe

Dr. Stock Pick — Fri, 23 Oct 2009 12:34:41 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 23, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Manufacturer and Retailer Solutions in North America and Europe Consorteum Holdings Inc. (OTCBB: CSRH) recently has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major [...]

Consorteum Holdings Inc. (OTCBB: CSRH) Provides Manufacturer and Retailer Solutions in North America and Europe

Dr. Stock Pick — Fri, 23 Oct 2009 12:34:41 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 23, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Manufacturer and Retailer Solutions in North America and Europe Consorteum Holdings Inc. (OTCBB: CSRH) recently has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major [...]

AQNM, WMT, PSFT, APA, PWRM, NOC, CSRH, IP, CVAT, CVX, DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 22 Oct 2009 20:40:25 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday October 22, 2009 DrStockPick.com Stock Report! AQNM, WMT, PSFT, APA, PWRM, NOC, CSRH, IP, CVAT, CVX ************************************************************** WMT, Wal-Mart Stores Inc. WMT operates retail stores in various formats worldwide. WMT today presented its global plans for store and club growth next year at its annual conference for the investment [...]

AQNM, RTN, PSFT, PWRM, MDT, CSRH, SLB, CVAT, BA, DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 22 Oct 2009 18:16:20 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday October 22, 2009 DrStockPick.com Stock Report! AQNM, RTN, PSFT, PWRM, MDT, CSRH, SLB, CVAT, BA ************************************************************** RTN, Raytheon Co. RTN designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. RTN reported third quarter 2009 income from [...]

DrStockPick.com Stock Report! 10/21/09, CSRH, FNF, PHG, GEO, HHS, HYWS

Dr. Stock Pick — Wed, 21 Oct 2009 13:05:56 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Wednesday October 21, 2009 DrStockPick.com Stock Report! ************************************************************** Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries. ServiceLink , [...]

GVC Venture Corp. (GPAX.OB) Announces Reverse Merger with Financial Holding Company Halo Group Inc.

QualityStocks — Wed, 21 Oct 2009 02:02:45 +0000

GVC Venture Corp. made a formal announcement of its recent acquisition of financial services holding company Halo Group Inc. in Allen, Texas, which was effective September 30, 2009. The acquisition will enable GVC to provide consumers with financial solutions as the company takes advantages of Halo’s nationwide financial services. Through its nine subsidiaries, Halo offers mortgage [...]

Consorteum Holdings, Inc. (CSRH.OB) Announces Manufacturer and Retailer Solutions for North American and European Markets

QualityStocks — Wed, 21 Oct 2009 01:59:36 +0000

Consorteum Holdings Inc. announced today that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries. Quent Rickerby, President & COO of Consorteum Holdings Inc., stated, “Consorteum and Tactical Connections have been working together to create a [...]

AMB Refinances Term Loan – Analyst Blog

Zacks Market Commentaries — Mon, 19 Oct 2009 18:34:48 +0000

AMB Property Corp. (AMB), a leading real estate investment trust (REIT), recently refinanced a $325 million unsecured term loan facility scheduled to mature in September 2010, and replaced it with a $345 million loan facility maturing in October 2012.

The refinancing has enabled AMB to include Euro and Yen multi-currency options in the loan facility. Furthermore, under the terms of the refinancing deal, AMB has the option to increase the loan facility to $425 million at any given point of time prior to October 2011.

With the recent transaction, AMB has strengthened its financial position and displayed its continued ability to tap the debt markets under the current credit-constrained market. The deal had J. P. Morgan Securities Inc. and Sumitomo Mitsui Banking Corp. as the lead arrangers and book managers. Engaged in investment banking activities in the U.S., J.P. Morgan Securities is the primary non-bank subsidiary of the financial services giant JPMorgan Chase & Co. (JPM).

Based in San Francisco, AMB is a leading global owner, operator and developer of industrial real estate in North America, Asia and Europe. By the end of the second quarter, AMB had 156.9 million square feet of operating and development facilities across the globe.
Read the full analyst report on "AMB"
Read the full analyst report on "JPM"
Zacks Investment Research

AMGN, PWRM, JNJ, CSRH, GE, CVAT, TEVA, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick — Mon, 19 Oct 2009 15:53:08 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday October 19, 2009 DrStockPick.com Stock Report! AMGN, PWRM, JNJ, CSRH, GE, CVAT, TEVA, AQNM ************************************************************** AMGN, Amgen Inc. AMGN, a biotechnology company, engages in the discovery, development, manufacture, and marketing of human therapeutics based on advances in cellular and molecular biology. The Food and Drug Administration wants more information [...]

Zacks Analyst Blog Highlights: Qualcomm Inc., MetroPCS Communications Inc., NTT DoCoMo, Nokia Corp. and Motorola Inc. – Press Releases

Zacks Market Commentaries — Mon, 19 Oct 2009 12:35:57 +0000

For Immediate Release

Chicago, IL – October 19, 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: Qualcomm Inc. (QCOM), MetroPCS Communications Inc. (PCS), NTT DoCoMo (DCM), Nokia Corp. (NOK) and Motorola Inc. (MOT).

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 AnalystBlog:

Qualcomm Wins M-Banking Deal

Qualcomm Inc. (QCOM) recently entered into an agreement with MetroPCS Communications Inc. (PCS), through which the latter will offer mobile banking services to its customers using Qualcomm’s mobile banking applications. Qualcomm provides mobile banking solutions through its subsidiary Firethorn Holding LLC. MetroPCS subscribers will now be able to freely download Firethorn’s mobile banking solutions from the Metro store.

Firethorn’s mobile banking platform will provide a complete picture of an individual’s personal finances on his/her mobile handset. Subscribers of MetroPCS will be able to view their bank and credit card balances and history, make transfers between their accounts, and pay their bills securely from their mobile phones using a single PIN. Furthermore, customers can also check rewards information and review targeted, timely offers from their financial institutions using Firethorn’s mobile commerce capabilities.

The acquisition of Firethorn has diversified Qualcomm into a new wireless market segment - mobile banking solutions. Mobile financial service has high growth potential. Various industry researches estimate that currently there are approximately 4 billion mobile phone users throughout the world but only around 1.6 billion individual bank accounts. This indicates that a large population of mobile phone users does not have access to basic financial services.

Firethorn’s mobile banking platform is targeting to narrow this gap combining wireless handsets and secured financial services. Citi-Card entered into an agreement with Firethorn for its real-time secured access gateway to be used by card members for account information retrieval using their wireless handsets. Four of the top ten banks in the U.S. are now Firethorn customers.

According to our assessment, Qualcomm’s entry into mobile financial service is a welcome move as this market is getting crowded gradually. NTT DoCoMo (DCM) has decided to launch an innovative on-line money transfer service in Japan. The company will extend this service globally later. Nokia Corp. (NOK) has established a business tie-up with Obopay, a global leader for developing mobile payment solutions, to launch an innovative wireless financial service called “Nokia Money". Motorola Inc. (MOT) has also developed a new mobile phone SIM card called “I-SIM NFC Lite" card that can be used for mobile money transfer. The company is currently testing the m-wallet card in Taiwan and plans to launch it in China in the near future.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

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Zacks Investment Research

Cognizant Buys UBS ISC – Analyst Blog

Zacks Market Commentaries — Fri, 16 Oct 2009 21:20:46 +0000

Cognizant (CTSH) recently announced a definitive agreement to acquire UBS India Service Centre Private Limited for about $75 million. Based in India, UBS ISC is a captive service provider to UBS AG (UBS) and currently employs 2,000 associates.

Headquartered in Zurich and Basel, Switzerland, UBS AG is a global firm providing services to private, corporate and institutional clients. New Jersey-based Cognizant is a leading provider of consulting, technology and business process outsourcing (BPO) services.

The transaction is expected to close by the end of 2009. As part of the transaction, UBS and Cognizant have entered into a multi-year service agreement under which Cognizant will provide a range of business process outsourcing (BPO), knowledge process outsourcing (KPO), IT, and remote infrastructure management services to UBS divisions around the globe. Cognizant aims to help these divisions to reduce time-to-market, expand service delivery, and improve productivity, operational efficiency and quality.

UBS is a leader in wealth management, investment banking, asset management, research and remote IT infrastructure management. Management at Cognizant believes that this acquisition will help Cognizant strengthen its business and knowledge process capabilities, deepen its financial services domain knowledge, and improve its capabilities to provide integrated services across consulting, technology, and outsourcing.

Cognizant continues to outperform its peers and remains a leader in IT services. Compared to its competitors Tata Consultancy Services Ltd and Infosys Technologies Ltd (INFY), CTSH is setting a more robust tone going forward.

The company earlier acquired Pepperweed Advisors, the IT consulting services division of Pepperweed Consulting in a move to strengthen its IT Infrastructure Services (IT IS) practice in two areas -- IT Service Management (ITSM) and IT Asset Management (ITAM). Management had earlier stated that the demand environment remains positive and the increase in demand for the company’s services continued into the third quarter as well after a strong second quarter.

The company remains well diversified among verticals such as financial services, health care and life sciences, retail, manufacturing and logistics. This diversification has helped the company maintain its top line even in this tough economic climate.
Read the full analyst report on "CTSH"
Read the full analyst report on "UBS"
Read the full analyst report on "INFY"
Zacks Investment Research

Fiserv Renews Contracts – Analyst Blog

Zacks Market Commentaries — Fri, 16 Oct 2009 17:00:25 +0000

Fiserv, Inc., (FISV) recently announced that it has renewed contracts with 217 credit union account processing clients in the first eight months of 2009. Fiserv holds 32% market share for account processing among U.S. credit unions.

The company had earlier launched a new global account processing solution – Acumen, designed to transform the way large credit unions do business. It supports rapid growth with its server deployment model that allows credit unions to scale their operation quickly and cost effectively.

A day before, Fiserv launched its Merchant Acceleration Program (MAP), an initiative to increase the awareness and adoption of merchant capture by businesses. Merchant capture is a remote deposit capture solution that banks may provide to their business customers to provide them the convenience and cost savings of making check deposits from their office or store locations.

Fiserv assists financial institutions and health plan administrators in managing their information systems so that they can efficiently deliver services to their customers. The company is one of the leading providers of e-commerce solutions to financial institutions. Financial services involve a great deal of fee-based transactions. As a consequence, financial institutions are looking to firms like Fiserv to help them manage the increasing informational demands of their businesses.

Last week, the company sold off its Loan Fulfillment Solutions (LFS) business to ISGN Solutions Inc., a subsidiary of ISGN Corporation.

Management had earlier stated that 2009 would be a challenging year for the company, as the economy will take time to recover and then grow. Technology spending across the community banking space is estimated to be weak in 2009. Nevertheless, second half of 2009 is expected to be stronger than first half with bleak signs of recovery. The company is expected to report third quarter results on October 27, 2009.
Read the full analyst report on "FISV"
Zacks Investment Research

PWRM, BAC, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 16 Oct 2009 16:04:58 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday October 16, 2009 DrStockPick.com Stock Report! PWRM, BAC, AQNM ************************************************************** PWRM, Power 3 Medical Products Inc, PWRM.OB Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests [...]

BA, PWRM, PG, CSRH, MA, CVAT, SCHW, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 15 Oct 2009 19:16:33 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday October 15, 2009 DrStockPick.com Stock Report! BA, PWRM, PG, CSRH, MA, CVAT, SCHW, AQNM, NOK ************************************************************** BA, Boeing Co. BA, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch [...]

Wells Cedes $75M Facility to Marlin – Analyst Blog

Zacks Market Commentaries — Thu, 15 Oct 2009 15:30:00 +0000

Wells Fargo & Company (WFC) rendered a $75 million 3-year committed funding facility to Marlin Receivables Corp., an affiliate of Marlin Business Services Corp. (MRLN). Marlin Receivables intends to use the facility fund its growth, with an aim to extend increased flexible equipment financing options to numerous small and medium-sized businesses nationwide.

Marlin Business and Wells Fargo have had similar commitments in the past as well. The continued relation will benefit Marlin as it will bolster its financing base, thereby readily meeting the needs of many small businesses. Wells Fargo is the fourth largest financial services company in the U.S. (in terms of assets) with $1.3 trillion in assets and over $800 million in deposits.

The company provides retail and wholesale banking, mortgage banking, consumer finance, equipment leasing, insurance brokerage, agricultural finance, securities brokerage, trust, investment banking and other financial services through banking stores, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia (D.C.) and in other countries.

We think that Wells Fargo is relatively well positioned compared to its peers as it benefited from a larger share in the mortgage markets after acquiring Wachovia as well as from the demise of some smaller players. However, higher credit losses resulting from a continued deterioration in the housing markets will impact earnings in the coming quarters. As such, we are maintaining our Neutral recommendation on the shares.
Read the full analyst report on "WFC"
Read the full analyst report on "MRLN"
Zacks Investment Research

ABT, PWRM, CSRH, UPS, CVAT, DELL, AQNM, JPM, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 14 Oct 2009 20:42:02 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday October 14, 2009 DrStockPick.com Stock Report! ABT, PWRM, CSRH, UPS, CVAT, DELL, AQNM, JPM ************************************************************** ABT, Abbott Laboratories ABT manufactures and sells health care products worldwide. ABT posted in third-quarter net income of $1.48 billion, or 95 cents a share, compared with $1.09 billion, or 69 cents a share, [...]

DrStockPick.com Stock Report! 10/14/09, MCDA, CVAT, STT, CWT, AA, INCL

Dr. Stock Pick — Wed, 14 Oct 2009 17:51:25 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Wednesday October 14, 2009 DrStockPick.com Stock Report! ************************************************************** Macada Holding, Inc. (PINKSHEETS: MCDA) announces the company shall have its audit done soon and be moving forward into an OTCBB company. At this time we have been working on the financials to complete its audit [...]

JNPR, PWRM, FISV, CSRH, CSCO, CVAT, HON, AQNM, HAL, DrStockPick.com Stock Report!

Dr. Stock Pick — Tue, 13 Oct 2009 18:53:03 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Tuesday October 13, 2009 DrStockPick.com Stock Report! JNPR, PWRM, FISV, CSRH, CSCO, CVAT, HON, AQNM, HAL ************************************************************** JNPR, Juniper Networks, Inc. JNPR is the leader in high-performance networking. JNPR offers a high-performance network infrastructure that creates a responsive and trusted environment for accelerating the deployment of services and applications [...]

CSRH.OB Consorteum Holdings Inc. has Identified Several new key Business Opportunities

Dr. Stock Pick — Tue, 13 Oct 2009 15:20:21 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Tuesday October 13, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. [...]

AAPL, PWRM, GOOG, CSRH, C, CVAT, INTC, AQNM, IBM, DrStockPick.com Stock Report!

Dr. Stock Pick — Mon, 12 Oct 2009 19:27:47 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday October 12, 2009 DrStockPick.com Stock Report! AAPL, PWRM, GOOG, CSRH, C, CVAT, INTC, AQNM, IBM ************************************************************** AAPL, Apple Inc. and GOOG, Google Inc. AAPL and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell [...]

JNJ, PWRM, HERO, CSRH, SCHW, CVAT, BX, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick — Mon, 12 Oct 2009 17:20:21 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday October 12, 2009 DrStockPick.com Stock Report! JNJ, PWRM, HERO, CSRH, SCHW, CVAT, BX, AQNM ************************************************************** JNJ, Johnson & Johnson JNJ engages in the research and development, manufacture, and sale of various products in the health care field worldwide. JNJ reports earnings for the third quarter Tuesday morning. ************************************************************** PWRM, Power 3 [...]

JPMorgan to Pay Settlement – Analyst Blog

Zacks Market Commentaries — Mon, 12 Oct 2009 16:15:22 +0000

JPMorgan Chase & Company (JPM) decided to pay $55 million to settle a lawsuit related to the losses of investors with the collapse of American Business Financial Services Inc.

American Business Financial Services filed for bankruptcy in Jan 2005 as its debts (including interest) exceed $1 billion. JPMorgan had by all accounts taken part in reporting pretended gains and assets to create the illusion that American Business Financial Services was profitable. But originally it was losing hundreds of millions of dollars.

Concurrently, other two investment banks, Credit Suisse (CS) and Morgan Stanley (MS), agreed to settle the same lawsuit. Credit Suisse agreed to pay $37.5 million and Morgan Stanley agreed to pay $7.5 million.

The settlement amount of these three banks aggregates $100 million. This is the largest settlement so far in a series of lawsuits by the court-appointed bankruptcy trustee George Miller. In Jun 2009, the former counsel, Blank Rome LLP, settled for $20 million.

JPMorgan is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. Though results for the last few quarters benefited from a strong performance by the investment bank, Consumer Lending and Card Services deteriorated due to continued high levels of credit costs. We anticipate continued synergies from the company’s diversification and strong capital position, but increasing provisions and worsening credit quality will be a drag on upcoming results.
Read the full analyst report on "JPM"
Read the full analyst report on "CS"
Read the full analyst report on "MS"
Zacks Investment Research

CSRH Consorteum Holdings Inc. has Identified Several new key Business Opportunities

Dr. Stock Pick — Mon, 12 Oct 2009 13:54:43 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Monday October 12, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. [...]

NCR Corp. CFO to Resign – Analyst Blog

Zacks Market Commentaries — Fri, 09 Oct 2009 21:33:08 +0000

NCR Corporation (NCR) has declared that its Chief Financial Officer (CFO) Anthony Massetti will resign on October 23, the day after the company’s third-quarter earnings release. Massetti will take up a new assignment with telecommunications major Avaya Inc. Robert Fishman, corporate controller, will take the responsibility as interim CFO until NCR finds a replacement for the CFO position.

During May 2007 to January 2008, Fishman had been interim CFO at NCR and joined the company way back in 1993. He looked after the finance function of the company at various positions. This recent news had a negative impact on the share price of the company, which took a hit on Thursday, a day after NCR announced the news. NCR’s last closing price on Oct. 8th was $11.82, down around 12.5% from the previous day's close.

NCR is moving its corporate headquarters to Georgia from Ohio, cutting expenses and working on growing its retail business through DVD and video game kiosks. This apart, NCR was recently in the news, since it declared that the company has secured the largest order of automated teller machines (ATMs) from The State Bank of India (SBI). The top Indian bank has entered into an agreement to purchase around 3,800 ATM machines from NCR and also entered into a seven-year service contract with the company.

Although the resignation of an able leader such as Massetti may lead to some short-term jitters in the company’s share price, the underlying business fundamentals of the company cannot be ignored. This contract win with State Bank of India proves that NCR has retained its leadership position in the global ATM market. Although the banking and financial services sector across the world is going through the doldrums, which has been a restriction on spending, we believe that with gradual economic revival, this segment will generate substantial revenue and win new customers for the company.
Read the full analyst report on "NCR"
Zacks Investment Research

NCR Wins Biggest ATM Deal – Analyst Blog

Zacks Market Commentaries — Fri, 09 Oct 2009 19:57:52 +0000

NCR Corp. (NCR) has secured the biggest order of automated teller machines (ATMs) in India. The State Bank of India (SBI) has entered into an agreement to purchase around 3,800 ATM machines from NCR. The leading bank of India also signed a seven year service contract with the company.

The bank is already using 10,000 NCR ATMs and this repeat order reinforces the fact that SBI is satisfied with the quality and service of NCR. Under this new agreement, NCR will be instrumental in ATM deployment, site implementation service, maintenance and site implementation service. NCR will be supplying the DVSS (Digital Video Surveillance Systems) along with the ATMs to prevent fraudulent activities. The financial terms of the deal is not yet disclosed by the company.

This apart, the company is rolling out new products at regular intervals and resolving operational issues of its customers around the world. Recently, NCR launched advanced point-of-sale solution for its customers. Again a few weeks back, NCR Advanced Store point-of-sale (POS) solution, version 5.4 achieved the “Payment Application Data Security Standard" (PA-DSS) version 1.2. of the “Payment Card Industry Security Standards Council" (PCI SSC). The (PA-DSS) standards have been deployed to protect credit card information of consumers against security threats.

NCR also revealed that the company has signed a deal with U.S. Airways, whereby the later will deploy NCR TouchPort 80, a self-service kiosk that supports passenger check-in at outdoor locations. Although the company continues to roll out different products and services, but it is a pioneer in manufacturing ATMs.

Apart from SBI, the other big Indian customer of NCR ATM is HDFC Bank (HDB), which is also using large number of ATM machines from the company. This contract win proves that, NCR continues to maintain its leadership position in the Indian as well as global ATM market. Although the banking and financial services sector across the globe is going through doldrums and restricts their spending, we believe with gradual economic revival this segment will generate substantial revenues and win new customers for the company.

Read the full analyst report on "NCR"
Read the full analyst report on "HDB"
Zacks Investment Research

MBRX, PWRM, CBS, CSRH, CVC, CVAT, NOC, AQNM, UTX, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 09 Oct 2009 18:38:06 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday October 9, 2009 DrStockPick.com Stock Report! MBRX, PWRM, CBS, CSRH, CVC, CVAT, NOC, AQNM, UTX ************************************************************** MBRX, Metabasis Therapeutics Inc. MBRX, a biopharmaceutical company, engages in the discovery, development, and commercialization of novel drugs targeting the liver and liver pathways. On September 15, 2009, MBRX received a letter [...]

Marshall & Ilsley Expects Loss – Analyst Blog

Zacks Market Commentaries — Fri, 09 Oct 2009 16:00:26 +0000

Marshall & Ilsley Corp. (MI) said on Tuesday that it anticipates a third-quarter loss due primarily to a higher loan loss provision for bank holding company loans.

The company expects to report a loss of 68 cents to 70 cents per share for the quarter as its allowance for loan and lease losses as a percentage of total loans and leases is expected to rise slightly over 3%.

The firm said that it will make a loan loss provision of $390 million to $400 million for the quarter and would make a special provision of about $185 million for certain bank holding company loans.

As a result of delays in raising capital, deterioration in loan portfolios and regulatory actions against some bank holding companies, total amount of loan and lease losses for the quarter are expected to range between $575 million and $585 million.

The bank said it expects net charge-offs in the quarter to reach as much as $540 million. The early stage loan delinquencies declined by $220 million, or 20%, for the period between June 30 and Sept 30.

The company is scheduled to release its third quarter results on Oct 22.

Marshall & Ilsley is a diversified financial services company, providing its clients with trust and investment management, equipment leasing, mortgage banking, financial planning, insurance, and other bank related services. In addition to its financial services, the company’s wholly owned technology subsidiary, Metavante Corp., provides technology support services to financial services companies.

The bank continues to suffer from its exposure to construction and residential development loans in Arizona, Florida's west coast and certain correspondent channels. The management has taken aggressive steps in identifying credit issues and building capital, which we believe will help the company to take advantage of opportunities going through the cycle than most of its peers. However, worse credit quality, lack of core deposit growth and continuous pricing pressures on both sides of the balance sheet will be a drag on upcoming results.
Read the full analyst report on "MI"
Zacks Investment Research

CSRH Consorteum Holdings Inc. has Identified Several new key Business Opportunities

Dr. Stock Pick — Fri, 09 Oct 2009 13:52:05 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 9, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in North America, Europe and Internationally. By identifying new technologies and trends in the changing global marketplace, Consorteum Holdings Inc. [...]

NNAN, PWRM, NOC, CSRH, COP, CVAT, JWN, AQNM, NVDA, DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 08 Oct 2009 19:17:26 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday October 8, 2009 DrStockPick.com Stock Report! NNAN, PWRM, NOC, CSRH, COP, CVAT, JWN, AQNM, NVDA ************************************************************** NNAN, NaturalNano Inc., NNAN.OB NNAN is a materials science company focused on developing and commercializing advanced nanocomposites. Series of Cornell’s feasibility studies using NNAN’s Halloysite Natural Tubes has been very successful. The [...]

RPRX, PWRM, WYN, CSRH, BX, CVAT, DELL, AQNM, IBM, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 07 Oct 2009 20:58:37 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday October 7, 2009 DrStockPick.com Stock Report! RPRX, PWRM, WYN, CSRH, BX, CVAT, DELL, AQNM, IBM ************************************************************** RPRX, Repros Therapeutics Inc. RPRX focuses on the development of oral small molecule drugs for major unmet medical needs that treat male and female reproductive disorders. Secondary hypogonadism is a deficiency state in [...]

CSRH Consorteum Holdings Inc. has Identified Several new key Business Opportunities

Dr. Stock Pick — Wed, 07 Oct 2009 13:51:13 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Wednesday October 7, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Corporate Update Consorteum Holdings, Inc. (OTCBB: CSRH) announced a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred between [...]

EMR, PWRM, AVCT, CSRH, MSFT, CVAT, PALM, AQNM, HON, DrStockPick.com Stock Report!

Dr. Stock Pick — Tue, 06 Oct 2009 19:42:52 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Tuesday October 6, 2009 DrStockPick.com Stock Report! EMR, PWRM, AVCT, CSRH, MSFT, CVAT, PALM, AQNM, HON ************************************************************** EMR, Emerson Electric Co. and AVCT, Avocent Corporation EMR a diversified global technology company, engages in designing and supplying product technology and delivering engineering services to various industrial and commercial, [...]

GD, PWRM, NOC, CSRH, CVAT, LMT, RTN, DrStockPick.com Stock Report!

Dr. Stock Pick — Tue, 06 Oct 2009 16:02:52 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Tuesday October 6, 2009 DrStockPick.com Stock Report! GD, PWRM, NOC, CSRH, CVAT, LMT, RTN ************************************************************** GD, General Dynamics Corp. GD is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. GD will provide enterprise information technology [...]

CSRH.OB Consorteum Holdings Inc. has Identified Several new key Business Opportunities

Dr. Stock Pick — Tue, 06 Oct 2009 12:30:18 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Tuesday October 6, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Corporate Update Consorteum Holdings, Inc. (OTCBB: CSRH) announced a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred between [...]

IMCI, GRMN, AQNM, CVS, CSRH, LVLT, CVAT, LMT, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 02 Oct 2009 18:39:49 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday October 2, 2009 DrStockPick.com Stock Report! IMCI, GRMN, AQNM, CVS, CSRH, LVLT, CVAT, LMT ************************************************************** IMCI, Infinite Group Inc., IMCI.OB IMCI is a world-class IT services and solutions provider serving a range of government and commercial organizations. Headquartered in Pittsford, New York, with offices in the Washington, D.C., [...]

CSRH Consorteum Holdings Inc. Provides Corporate Update

Dr. Stock Pick — Fri, 02 Oct 2009 16:41:09 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday October 2, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Corporate Update Consorteum Holdings, Inc. (OTCBB: CSRH) announced a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred [...]

Monster: Job Demand Dips – Analyst Blog

Zacks Market Commentaries — Thu, 01 Oct 2009 19:43:30 +0000

Earlier today, Monster Worldwide Inc. (MWW) came out with its monthly employment index – The Monster Employment Index. This index observes online job demand on a monthly basis, and it dipped slightly in September after an expected significant rise in August due to recruitment activity in late summer.

Monster Worldwide is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment.

The index observed that online labor demand in the mining, quarrying and oil/gas extraction industries rose for the third consecutive time in September due to recent hikes in energy and commodity prices, which might have accelerated hiring in the sector. The construction sector was stable, which indicates that the housing market might have reached a bottom.

Online demand for blue-collar occupations rose in September with installation, repair and maintenance leading all categories. Demand remained stable for most white-collar occupations, with business and financial operations exhibiting a solid three-month trend.

Monster earns a significant portion of its revenues from recruitment advertising. Many of the key industry verticals of financial services, retail, manufacturing and construction served by Monster were severely affected by the slowdown in the global economy and not able to renew their contracts with the company.

This has adversely affected the top-line in the past fifteen months. Management had earlier stated that as the business begins to bottom at a particular level, there will be a lag in revenue as a result of lower balance in deferred revenue from prior quarters and sales converting to revenue. Though the decline in sales in Western Europe has slowed down, revenues from international channel will be a drag on revenues in the near term.

Even though the pace of slowdown has stabilized, it will take awhile before the companies start hiring and demand starts improving. As of now, the road to recovery seems just a bit long for Monster. We maintain our Neutral rating on the stock.
Read the full analyst report on "MWW"
Zacks Investment Research

IMCI, IBM, PWRM, ADSK, CSRH, CVAT, ADBE, HON, DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 01 Oct 2009 18:45:26 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday October 1st, 2009 DrStockPick.com Stock Report! IMCI, IBM, PWRM, ADSK, CSRH, CVAT, ADBE, HON ************************************************************** IMCI, Infinite Group Inc., IMCI.OB IMCI is a world-class IT services and solutions provider serving a range of government and commercial organizations. Headquartered in Pittsford, New York, with offices in the Washington, [...]

JPMorgan Shuffles Management – Analyst Blog

Zacks Market Commentaries — Thu, 01 Oct 2009 16:19:50 +0000

JPMorgan Chase & Company (JPM) said yesterday that it has shuffled the senior leadership of its investment banking and asset management businesses.

The bank said that Steve Black, 57, will become the executive chairman of the investment bank. Steve was previously co-CEO of the division along with Bill Winters, 48, who is leaving the company. Black will however stay on as executive chairman through the end of 2010.

Jes Staley, 53, is taking over as CEO of the investment bank after serving as head of asset management.

Mary Callahan Erdoes, 42, will replace Staley as head of asset management business after serving as CEO of the private banking operations.

According to Jamie Dimon, Chairman and CEO of JPMorgan, the moves were intended to clarify the bank’s succession plans to the board and shareholders. But the timing of these changes and unexpected departure of Mr Winters mark a record year for JPMorgan’s investment bank.

The investment banking unit has been among the strong performers of JPMorgan during the last few quarters with the recovery of the credit market. Profits in the investment bank more than tripled in the second quarter of 2009 as a result of higher underwriting fees and gains in its bonds business.

JPMorgan is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. Though results for the last few quarters benefited from a strong performance by the investment bank, Consumer Lending and Card Services deteriorated due to continued high levels of credit costs. We anticipate continued synergies from the company’s diversification and strong capital position, but increasing provisions and worsening credit quality will be a drag on upcoming results.
Read the full analyst report on "JPM"
Zacks Investment Research

Consorteum Holdings Inc. (CSRH.OB) Updates Investor Community

QualityStocks — Thu, 01 Oct 2009 14:03:59 +0000

Consorteum Holdings, Inc. (OTCBB: CSRH) this morning issued a corporate update to investors concerning its business activities. Over the last 60 days, the company has engaged in several meetings and presentations with various corporations, private and public, to further the development of its Card Programs, Merchant Discount Rates and new Joint Venture business relationship. Through [...]

Consorteum Holdings Inc. Provides Corporate Update

Dr. Stock Pick — Thu, 01 Oct 2009 11:59:10 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Thursday October 1st, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. Provides Corporate Update Nevada, October 1st, 2009. Consorteum Holdings, Inc. (OTCBB: CSRH) is pleased to announce a corporate update with respect to its business activities. Over the course of the past 60 days, [...]

QCOM, AQNM, VNO, PWRM, CMCSA, CSRH, MRVL, CVAT, CX, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 30 Sep 2009 20:15:08 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday September 30, 2009 DrStockPick.com Stock Report! QCOM, AQNM, VNO, PWRM, CMCSA, CSRH, MRVL, CVAT, CX ************************************************************** QCOM, QUALCOMM Inc. QCOM designs, manufactures, and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. QCOM was ordered by the Japan [...]

COV, PWRM, MSFT, CSRH, NKE, CVAT, ABT, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 30 Sep 2009 18:36:27 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday September 30, 2009 DrStockPick.com Stock Report! COV, PWRM, MSFT, CSRH, NKE, CVAT, ABT ************************************************************** COV, Covidien plc COV engages in the development, manufacture, and sale of healthcare products for use in clinical and home settings worldwide. The company operates through four segments: Medical Devices, Imaging Solutions, Pharmaceutical Products, [...]

Acxiom Expands in Middle East – Analyst Blog

Zacks Market Commentaries — Wed, 30 Sep 2009 16:00:42 +0000

Acxiom Corporation (ACXM) recently announced that it has acquired DMS (Direct Marketing Services), a premier provider of direct marketing services in the Middle East-North Africa (MENA) market.

This acquisition will enable Acxiom to enter the markets of Saudi Arabia and United Arab Emirates. The company plans to service its current global partners who plan to expand in the Middle East as well as regional marketers in that region.

The new Acxiom MENA organization will serve global and regional clientele from offices in Jeddah and Dubai. The operation will be led by DMS Managing Director Yousef Hamidaddin, who becomes CEO of Acxiom MENA.

Other terms of the deal were not disclosed.

Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for companies. Acxiom has a customer base that includes firms in the financial services, insurance, information services, and direct marketing, publishing, retail and telecommunications industries.

The company plans to expand its footprint and boost top-line. The recent economic slowdown adversely impacted the top-line as most clients delayed or curtailed their marketing spending.

The biggest concern is the sensitivity of the company’s sales to a slowdown in the economy. Information technology (IT) spending still remains heavily focused on cost savings. While the recent cost cutting measures undertaken by the management are holding up the margins, the declining top-line remains a concern. The outlook in the near term remains challenging as marketing spend continues to be dismal and not expected to revive before 2010.

Spending by credit card marketers is down significantly as a result of tightening credit standards, a decline in home values, and the mortgage meltdown. Specifically, the volume of existing home sales has declined for the past two years. These factors could negatively affect marketing by financial services institutions for years to come.
Read the full analyst report on "ACXM"
Zacks Investment Research

CSRH Consorteum Holdings Inc. Accesses Processing Industry’s 75 Billion Annual Payment Transactions

Dr. Stock Pick — Wed, 30 Sep 2009 12:19:26 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Wednesday September 30, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates - Company Accesses Processing Industry’s 75 Billion Annual Payment Transactions - Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in [...]

PFE, PWRM, TXN, CSRH, AA, CVAT, DOW, DrStockPick.com Stock Report!

Dr. Stock Pick — Tue, 29 Sep 2009 19:11:55 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Tuesday September 29, 2009 DrStockPick.com Stock Report! PFE, PWRM, TXN, CSRH, AA, CVAT, DOW ************************************************************** PFE, Pfizer Inc. PFE is the world’s premier biopharmaceutical company taking new approaches to better health. We discover, develop, manufacture and deliver quality, safe and effective prescription medicines to treat and help prevent disease [...]

CSRH.OB Consorteum Holdings Inc. Accesses Processing Industry’s 75 Billion Annual Payment Transactions

Dr. Stock Pick — Tue, 29 Sep 2009 11:18:07 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Tuesday September 29, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates - Company Accesses Processing Industry’s 75 Billion Annual Payment Transactions - Consorteum Holdings Inc.’s will build on its extensive expertise within the Payments and Transaction Industry in [...]

XRX, PWRM, ABT, CSRH, CMCSA, CVAT, FMCN, DrStockPick.com Stock Report!

Dr. Stock Pick — Mon, 28 Sep 2009 16:34:01 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday September 28, 2009 DrStockPick.com Stock Report! XRX, PWRM, ABT, CSRH, CMCSA, CVAT, FMCN ************************************************************** XRX, Xerox Corp. XRX engages in the development, manufacture, marketing, servicing, and financing of document equipment, software, solutions, and services worldwide. XRX said Monday it will buy Affiliated Computer Services Inc. for $6.4 billion [...]

Consorteum Holdings, Inc. (CSRH.OB) Grows Its Role as Key Player in Payments and Transaction Processing Industry

QualityStocks — Mon, 28 Sep 2009 15:52:22 +0000

In a world of grand and often exaggerated mission statements, Consorteum Holdings Inc. has a simple but impressive business strategy: to continually build on its extensive expertise in the payments and transaction processing industry around the world. The company aims to increase revenues in its current markets, as well as enter new markets, by delivering [...]

CSRH Consorteum Holdings Inc. Accesses Processing Industry’s 75 Billion Annual Payment Transactions

Dr. Stock Pick — Mon, 28 Sep 2009 13:35:05 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Monday September 28, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates - Company Accesses Processing Industry’s 75 Billion Annual Payment Transactions - LAS VEGAS–(CRWENEWSWIRE)–Consorteum Holdings, Inc. (OTCBB: CSRH) announced that it has established an agreement with a third [...]

BofA Cutting More Jobs – Analyst Blog

Zacks Market Commentaries — Fri, 25 Sep 2009 19:04:30 +0000

Bank of America Corporation (BAC) will lay off 51 workers by closing its check-processing center in St. Louis. According to a Worker Adjustment and Retraining Notification filed with the Missouri Department of Economic Development, the retrenchment will take place by Oct 2, 2009.

As the use of debit cards and online banking has increased significantly in the recent years and customers now write fewer checks, BofA is trying to consolidate its check-processing operations nationwide.

BofA is the second-largest bank in the St. Louis area with $7.9 billion in deposits. BofA’s banking and non-banking subsidiaries across the United States and in other international markets provide a diverse range of banking and non-banking financial services and products.

We, however, think that Bank of America is in a relatively good shape from a capital perspective. During this delicate period of market stress, the availability of significant private-sector capital is very limited. As a result, the management remains focused on managing asset levels efficiently, ensuring the deployment of Troubled Asset Relief Program (TARP) funds in core lending businesses and trimming other assets in non-core businesses.

We think that the management is quite confident about its capital position as it has indicated paying back TARP funds in installments.

We anticipate continued synergies from the company’s large scale operation and balance sheet restructuring, but higher credit costs and worsening credit quality will be a drag on upcoming results. Therefore, we are recommending the shares as Neutral.
Read the full analyst report on "BAC"
Zacks Investment Research

CVAT, JNJ, CSRH, MRK, PWRM, MU, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 25 Sep 2009 18:51:18 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday September 25, 2009 DrStockPick.com Stock Report! CVAT, JNJ, CSRH, MRK, PWRM, MU ************************************************************** CSRH, Consorteum Holdings Inc, CSRH.OB CSRH is a company in the financial services, payment and transaction processing industries. CSRH provides electronic transaction processing and management services to financial institutions, healthcare, government, public and private sector companies. [...]

CSRH, GS, ETFC, DrStockPick.com Stock Report! Consorteum Holdings Inc., Goldman Sachs Group Inc. and E*TRADE Financial Corporation

Dr. Stock Pick — Fri, 25 Sep 2009 17:16:08 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday September 25, 2009 DrStockPick.com Stock Report! CSRH, GS, ETFC ************************************************************** CSRH, Consorteum Holdings Inc, CSRH.OB CSRH is a company in the financial services, payment and transaction processing industries. CSRH provides electronic transaction processing and management services to financial institutions, healthcare, government, public and private sector companies. CSRH’s services provide [...]

CSRH.OB Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates

Dr. Stock Pick — Fri, 25 Sep 2009 12:05:25 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Friday September 25, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates - Company Accesses Processing Industry’s 75 Billion Annual Payment Transactions - LAS VEGAS–(CRWENEWSWIRE)–Consorteum Holdings, Inc. (OTCBB: CSRH) announced that it has established an agreement with a third [...]

CSRH, CME, PWRM, GRMN, CVAT, HERO, CVX , DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 24 Sep 2009 19:05:53 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday September 24, 2009 DrStockPick.com Stock Report! CSRH, CME, PWRM, GRMN, CVAT, HERO, CVX ************************************************************** CSRH, Consorteum Holdings Inc, CSRH.OB CSRH is a company in the financial services, payment and transaction processing industries. CSRH provides electronic transaction processing and management services to financial institutions, healthcare, government, public and private [...]

AONE, PWRM, CSCO, CVAT, XOM, CSRH, BA, DrStockPick.com Stock Report!

Dr. Stock Pick — Thu, 24 Sep 2009 17:13:43 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Thursday September 24, 2009 DrStockPick.com Stock Report! AONE, PWRM, CSCO, CVAT, XOM, CSRH, BA ************************************************************** AONE, A123 Systems, Inc. AONE develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and consumer markets. Founded in 2001 and headquartered in Massachusetts, AONE’s proprietary nanoscale electrode [...]

CSRH Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates

Dr. Stock Pick — Thu, 24 Sep 2009 15:22:48 +0000

Dr Stock Pick HOT News & Alerts! _______________________________________ FREE Daily Stock Alerts From DrStockPick.com _______________________________________ Thursday September 24, 2009 DrStockPick.com Stock Report! CSRH, Consorteum Holdings Inc, CSRH.OB ********************************************************** Consorteum Holdings Inc. New Partnership Provides Competitive Merchant Discount Rates - Company Accesses Processing Industry’s 75 Billion Annual Payment Transactions - LAS VEGAS–(CRWENEWSWIRE)–Consorteum Holdings, Inc. (OTCBB: CSRH) announced that it has established an agreement with a third [...]

T, PWRM, ABT, CVAT, VZ, CSRH, TSPG, FLIR, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 23 Sep 2009 18:48:54 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday September 23, 2009 DrStockPick.com Stock Report! T, PWRM, ABT, CVAT, VZ, CSRH, TSPG, FLIR ************************************************************** T, AT&T, Inc. T is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. T [...]

PWRM, RTN, CVAT, LMT, CSRH, INTU, TSPG, MRK, QGEN, DrStockPick.com Stock Report!

Dr. Stock Pick — Wed, 23 Sep 2009 16:52:13 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Wednesday September 23, 2009 DrStockPick.com Stock Report! PWRM, RTN, CVAT, LMT, CSRH, INTU, TSPG, MRK, QGEN ************************************************************** RTN, Raytheon Company RTN is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. RTN has surpassed another milestone on its Modernized User Equipment program [...]

Callidus Expands in China – Analyst Blog

Zacks Market Commentaries — Wed, 23 Sep 2009 16:00:00 +0000

Callidus Software Inc. (CALD) recently announced a partnership with HAND Enterprise Solutions Company, a leading Chinese IT services company. Under the agreement, HAND will resell, implement and support Callidus Software’s sales performance management solutions in China.

Based in California , Callidus Software Inc. provides sales performance management (SPM) software and services in the United States and internationally. Its SPM systems are used to monitor and analyze sales performance and incentive compensation management programs. By partnering with HAND, Callidus will expand its footprint in the emerging market of China .

The partnership allows joint customers to rapidly implement and deploy Callidus Software's sales performance management solutions. As one of the fastest growing markets in the world, the demand for sales performance management solutions continues to rise in China due to the explosive growth of companies in sectors like telecommunications and financial services.

The company also announced that a leading provider of mobile services and communications solutions in Ireland has selected Callidus Software TrueComp software to manage sales performance and incentive compensation programs. The agreement was signed in the third quarter of 2009.

Under the agreement, the mobile carrier will use the software from Callidus for its direct and indirect channel sales representatives in Ireland , to manage the sales incentive process and maximize customer satisfaction. Earlier, management stated that the company has fully transitioned to a recurring revenue model and closed its on-demand business with sixteen customers increasing their annual recurring commitments.

Second quarter was challenging for the company as certain customers reduced sales headcount and corresponding spending. As a result of these reductions, the company experienced a decline in contract value from these customers. Nevertheless, the company is expecting that with the new business model and new leadership in sales and marketing functions, it is better positioned to capitalize on the SPM market opportunity.

The company earlier undertook significant restructuring actions in June and July which are expected to reduce annualized expenses by over $10 million. Sentiment overall remains weak for companies that are transiting to an on-demand model. Such companies usually are faced with difficulty in balancing license and subscription deals, which in turn substantially impacts near-term revenue and earnings growth expectations.
Read the full analyst report on "CALD"
Zacks Investment Research

Medal of Honor: Top analyst Josh Rosner nailed the crisis

Prieur du Plessis — Wed, 23 Sep 2009 08:37:27 +0000

This post features an interview with top analyst Josh Rosner, the inaugural recipient of the first annual Medal of Honor for Excellent Service Award. Read on ...

IBM gets RedPill Boost – Analyst Blog

Zacks Market Commentaries — Tue, 22 Sep 2009 20:28:24 +0000

International Business Machines (IBM) said this morning that it would buy a privately held Singapore-based company, RedPill Solutions, to expand in analytics and optimization, particularly in the financial services and telecommunication business area.

While financial details of the deal were not disclosed, the company expects to close the transaction later this year, subject to statutory approvals and regulatory reviews.

IBM’s analytics services offerings will get a boost from this acquisition as RedPill has a strong foothold in research and analytical services in key growth markets such as financial services, telecommunications, technology and hospitality.

Earlier, IBM had agreed to acquire data-analysis and statistical software maker SPSS Inc. (SPSS) for about $1.2 billion in cash to expand its Information on Demand (IOD) software portfolio and business analytics capabilities, including Business Analytics and Optimization Consulting organization and network of Analytics Solution Centers.

We believe IBM has been successfully executing a strategy through acquisition to accelerate initiatives such as Smarter Planet and Business Analytics and Optimization and are generating incremental revenues, strengthening its technology leadership.

The company will benefit from the growing business analytics services. According to Interactive Data Corp. (IDC), the market for business analytics software will increase by 7.8% to $26.1 billion in 2009.

IBM’s growing analytics acquisition spree will also hurt its major mega-vendor enterprise software rivals like Oracle (ORCL) and SAP AG (SAP), who provide strong analytics capabilities.

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Read the full analyst report on "IDC"
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