China Wind Systems Inc. is a leading supplier of forged rolled wings to the wind power, industrial equipment, textile and energy industries in China. The company today announced the closing of a recent private placement with a group of investors through Barron Partners LP for 2.4 million shares of its series A preferred stock at $1 per share.

The company recently completed a one-for-three reverse split; as such, each share of series A preferred stock is currently convertible into one-third share of common stock. Through the purchase of 1.5 million China Wind’s shares, Barron Partners entered into a voting agreement with Jianhua Wu, China Wind chairman and CEO.

According to the press release, Wu has the right to vote the stock purchased in the financing and the underlying common stock as to all matters for which stockholder approval is obtained as long as Barron Partners or its affiliates own

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Cognex Corp. (CGNX) recently announced that it will acquire the web monitoring product line of Monitoring Technology Corp. (MTC) in a cash transaction. With this acquisition, Cognex plans to enter the web monitoring business. Machine Technology manufactures products for monitoring industrial equipment and processes. Other terms of the transaction have not been disclosed.   A web monitoring system (WMS) consists of a network of high-speed cameras linked to a computer running specialized software that controls the acquisition, storage and synchronization of video from each of the cameras.

Management added that the acquisition is an excellent fit in its Surface Inspection Systems Division. This WMS is complementary to Cognex’s Web Inspection System (WIS). The combination will enable the company to provide a fully integrated system to paper manufacturers and converters around the world. When used together the WIS automatically identifies and classifies defects, and the WMS then provides the customer

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Rockwell Automation Inc. (ROK) recently reiterated its fiscal 2009 guidance of $1.40 to $1.70 per share, which represents a 59% to 66% year-over-year decline in earnings.

Revenue for the year is expected to fall about 24% compared to 2008 due to a significant deceleration in customer demand, increasing uncertainty in the business environment and unfavorable impact of currency translation.

The slowdown in industrial equipment spending seen over the last few quarters is expected to continue in the near term. Moreover, the global economy uncertainty increases the possibility of additional capex cuts by Rockwell’s customers, which would further hurt demand for its products.

The company’s sales depend on the level of global or regional industrial production and the financial performance of major industries that it serves. All the developed markets are expected to witness a negative GDP growth in the near term. Rockwell expects GDP growth in Asia-Pacific, Latin

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DrStockPick.com Stock Report!

Monday August 17, 2009

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Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERT), a leading plastic recycler and manufacturer of Green building products, announced today that AERT’s latest innovation, MoistureShield FR, has been approved by the California State Fire Marshall for use as a Wildland Urban Interface (WUI) product.

LSI Corporation (NYSE: LSI) today announced that it has begun to provide backpacks and school supplies to approximately 12,000 underprivileged students around the world as part of a continuing company program to improve K-12 education in communities where its employees live and work.

Illinois Tool Works Inc. (NYSE: ITW) today reported an operating revenue decrease of 24

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BeaconEquity.com announces an investment report featuring SpongeTech Delivery Systems Inc. (OTCBB:SPNG). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision. The investment report on SpongeTech Delivery Systems Inc. (OTCBB:SPNG) should be of particular interest to comparable companies: Ecolab Inc. (NYSE:ECL), Clorox Co. (NYSE:CLX), Church & Dwight Co. Inc. (NYSE:CHD) and Procter & Gamble Co. (NYSE:PG). It is available at: http://www.beaconequity.com/i/SPNG

China Wind Systems, Inc. (OTC Bulletin Board: CWSI) (”China Wind Systems” or the “Company”), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, announced August 17, 2009 that its board of directors approved a one-for-three reverse stock split of the Company’s common stock and that the holders of a majority of the Company’s outstanding stock have consented to the reverse split.

Strasbaugh (OTC Bulletin Board: STRB) announced August 17,

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DrStockPick.com Stock Report!

Friday August 14, 2009

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China Wind Systems, Inc. (OTC Bulletin Board: CWSI) (”China Wind Systems” or the “Company”), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, announced today that the board of directors has elected Ms. Megan Penick as a director. Following the election of Ms. Penick, who is an independent director, the Company’s board of directors is now comprised of five members, three of whom are independent.

The Hartford Financial Services Group, Inc., (NYSE: HIG) has appointed Dan Guilbert as chief actuary of Hartford Life. Guilbert, a senior vice president, will oversee Hartford Life’s

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Yesterday, Rockwell Automation Inc. (ROK) announced new manufacturing solutions, which are supposed to help the company save up to $6 billion a year, or about 10% of the total industrial electrical energy costs by taking advantage of “Smart Grid" initiatives along with existing technologies.

The new manufacturing portfolio includes a series of plant-wide energy optimization tools that create an integrated industrial energy management system based on Rockwell Automation industrial automation and information technology. It also will allow manufacturers to perform real-time load-balancing of their industrial processes, bring renewable energy sources online and execute demand response strategies connected to the Smart Grid.   Rockwell is well-positioned for long-term growth based on its strong global market presence. However, we remain cautious due to the lack of near-term visibility. The company’s revenues depend on the level of global or regional industrial production and the financial performance of its user industries.   All matured

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Earlier today, Rockwell Automation Inc. (ROK) reported results for the third quarter of fiscal 2009. Quarterly earnings were $0.23 per share, slightly below our expectations of $0.24 and down 78% year over year.

Revenue in the quarter was down 31.5% at $1,010.8 million compared to $1,475.0 million last year. Segment operating margin declined 900 basis points year over year to 8.5%, primarily due to significant decline in revenue, partially offset by cost reductions.

The sales decline in the quarter constituted a 28% drop in organic sales, a 5% unfavorable foreign-currency translation impact and 1% gain from acquisitions. While revenue in the Control Products & Solutions segment was down 28.0% from prior-year levels, sales in the Architecture & Software segment fell 36.2%. Around 51% of total third-quarter sales came from the United States.

We remain cautious on ROK due to lack of near-term visibility. Rockwell’s revenue depends on the level

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Earlier today, Ingersoll-Rand plc (IR), a diversified manufacturer of industrial equipment and components, reported its second quarter results. The company reported EPS of $0.50 for the quarter, which is at the high-end of its guidance range of $0.30–$0.50. However, earnings were down 51% compared to the second quarter of 2008 due to weaker volumes. Net sales in the quarter declined 19% year-over-year to $3,474.2 million. This was within the company’s guidance range of $3.4–$3.5 billion. The second quarter sales included $1,776 million of revenues from Trane, which was acquired in June 2008. Excluding the acquisition, the company sales were down 23% compared to the last year. The Climate Control segment reported a revenue decline of 31%, reflecting a sharp decline in total worldwide refrigerated trailer and truck revenue and seagoing container revenue. Industrial Technologies segment revenue declined 33% due to lower volumes all ...

Machinery and Industrial Equipment Orders Drying Up in EuropeAccording to data released by the VDMA Group (an industrial association in Europe, representing small/medium sized companies in engineering) earlier today, machinery and factory equipment orders in May 2009 declined 48% year-over-year in Germany, Europe's biggest economy. However, this was an improvement over the year-over-year decline of 58% witnessed in April.Orders from Germany were down 42%, while those from other countries were down 51% during the month. This decline was attributed to the delay and/or cancellation of orders by industrial customers due to the lack of positive sentiment about the economy and their businesses. Orders for the March-May period were down 47%, compared to the prior-year period.Companies like Caterpillar (CAT), Terex (TEX) and Ingersoll-Rand (IR), providing machinery and industrial equipment, have been ...