Conversion Services International Inc. provides consulting, data warehousing, business intelligence and information technology services to Global 2000 organizations and other businesses. The company today announced its financial results for the third quarter ended September 30, 2009.

Conversion Services posted net income at $1.3 million, $1.2 million of which is attributable to common shareholders. This is compared to a net loss of $4.2 million and a loss of $4.4 million attributable to shareholders for the third quarter of 2008.

Revenues for the third quarter of 2009 were $8.1 million, up $3.1 million, or 61.7 percent, from $5.0 million reported in the same period last year. Gross profit of $2.9 million for the quarter increased by $1.6 million as compared to gross profit of $1.3 million for the third quarter of 2008.

Lori Cohen, president and CEO of Conversion Services, said the company’s efforts to improve its balance sheet paid off and that it

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Sikorsky Aircraft Corp. and Tata Advanced Systems Ltd. (TASL) today announced creation of a joint venture that will manufacture aerospace components for Sikorsky in India, including components for S-92® helicopter cabins. The joint venture agreement builds upon a long-term contract signed in Jun 2009 for TASL to assemble Sikorsky S-92® helicopter cabins. Sikorsky is a subsidiary of United Technologies Corp. (UTX) and TASL is a wholly owned subsidiary of Tata Sons.

Both the joint venture agreement and the cabin assembly contract stem from a MOU signed in Feb 2007 by the companies to explore the creation of aerospace operations in India. The cabin assembly contract signed in June 2009 has led to ongoing construction in Hyderabad, in the state of Andhra Pradesh, where TASL will assemble S-92 helicopter cabins starting in 2010.  The new joint venture will be positioned to manufacture components for other aerospace Original Equipment Manufacturers

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Harris Corporation (HRS) recently posted fiscal first-quarter earnings of 83 cents per share, topping the Zacks Consensus Estimate by 9%. The company also hiked its earnings guidance and analysts followed suit.

Company Description

Harris is an international communications and information technology company serving government, defense and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of approximately $5 billion and more than 15,000 employees - including nearly 7,000 engineers and scientists.

A Solid First Quarter

The company recently posted fiscal first-quarter earnings of 83 cents per share, topping the Zacks Consensus Estimate by 9%. Revenue climbed from last year's $1.17 billion to $1.20 billion.

Management said new orders, revenue and earnings exceeded expectations in the first quarter as a result of strong performance in both the RF Communications and Government Communications Systems segments.

Higher Forecasts

The company also hiked its fiscal year earnings guidance to

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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 Infotech’s development team, and it is expected that the new technology will be ready for testing in early January 2010. The board of Xcellink is extremely excited by this relationship due in part to the 3i Infotech Group of Companies, which includes Regulus Group, a subsidiary of the global information technology company 3i Infotech, and one of North America’s largest payment processors.

Regulus Group is one of the brightest stars in the payment processing industry providing statement and bill presentment services to clients in the financial services, health care, insurance, telecommunications, and utilities industries.

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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

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Friday November 6, 2009

DrStockPick.com Stock Report!

CVAT, SBUX, PWRM, CVS, PSFT, SWKS, AQNM, IBM, CSRH

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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 two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

The devices are available in both Si and InGaAs/InP technologies. As compared to TO5 devices, these TO8 packaged detectors have 10-30X lower dark current depending on operating temperature. The Si devices offer flat and

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Thursday November 5, 2009

DrStockPick.com Stock Report!

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) announced recently that it 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 Company specialized in Edible Oil Processing Plants in the Far East. Last week CVAT reported a 3-for-1 forward stock split.

IRIDEX Corporation (Nasdaq: IRIX) today announced that it will release its third quarter 2009 financial results after the

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Unisys Corp. (UIS) recently reported third-quarter revenues of $1.16 billion, down 12% from last year. The unfavorable movement in foreign exchange negatively impacted the top-line by 5%. On a constant currency basis, revenue declined 7%.

Revenues in the United States declined 3% to $542 million as growth in the U.S. federal government business was offset by declines in its commercial business. International revenues declined 18% to $618 million.

On a segment basis, revenues from the services department declined 13% year over year. Revenues from the technology department declined 4% year over year.

Gross margin improved to 26.4% from 23.9% in the previous quarter and 22.2% in the year-ago quarter as the company benefited from improved cost efficiencies in services delivery and a stronger mix of high-end enterprise servers. Management also made significant reductions in selling, general, and administrative expenses to align the cost model with the market demand. Consequently, operating profit margin

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LSI Corp. (LSI) yesterday reported revenues of $578 million in the third quarter, down 19% year over year but up 11% sequentially. The sequential improvement in revenues was driven by increased shipments of mid range storage systems and server rated solutions. IT spending showed clear signs of improvement in the quarter as data centers needed to add storage capacity to meet demand for data storage in management while also taking advantage of newer server technology.

Semiconductor revenues came in at $371.6 million, up 8% sequentially but down 25.7% year over year. Storage Systems revenues came in at $206.6 million, up 16.8% sequentially but down 3.4% year over year.

Gross margins came in at 45.5%, an increase of 340 basis points from the previous quarter and exceeded management’s guidance range by 50 basis points.

Net income jumped to $119 million from a net income of $7 million in the previous quarter and

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Tuesday October 27, 2009

DrStockPick.com Stock Report!

PWRM, LMT, CVAT, GD, AQNM, IBM

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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 and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer (BC-SeraPro). Power3 expects to

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