RightNow Technologies Inc. (RNOW) reported third-quarter 2009 earnings per share of 6 cents, exceeding the Zacks Consensus Estimate of 1 cent.

Total revenue in the third quarter of 2009 was $38.7 million, compared to $36.2 million in the third quarter of 2008. Recurring revenue increased 15% to $29.7 million from $25.9 million last year. New, renewed and expanded customer relationships included Epson, FICO, iRobot, Lucent-Alcatel, The Men's Wearhouse, Nike, Photobox, TiVo, U.S. Air Force and Virgin Mobile. Professional service revenue was $9 million for the quarter, consistent with Q2 and in line with our expectations. The mix of revenue across geographies for the quarter was 72% for Americas, 19% for EMEA, and 9% for Asia-Pac.

For the third quarter, the average first year contract value was approximately $112,000, which is up from last quarter and last year.

The company had seven deals over $1 million, 83 deals between $100,000 and $1

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• Wynn Resorts (NASDAQ:WYNN) said an initial public offering of the firm's Macao operations was priced at the top end of its expected range. The company plans to sell a 25% stake in the unit, at HK$10.08 per share, for a total of $1.6 billion

• Goldman Sachs (NYSE:GS) upgraded Nike (NYSE:NKE) to buy with a target price of $75. The company reported fiscal first quarter earnings of $1.04 per share, up from last year's $1.03 and beat Zacks estimates of 99 cents a share. Revenues fell 12% to $4.8 billion from $5.4 billion a year earlier

• Toyota (NYSE:TM) announced plans to recall 3.8 million vehicles due to potential accelerator pedal problems from floor mats

• Disney (NYSE:DIS) announced publishing unit plans for DisneyDigitalBooks.com, a new subscription-based web service

• Hewlett-Packard (NYSE:HPQ) said it is planning to merge its PC and print operations

• Sony (NYSE:SNE) announced plans to unveil its new Playstation3 game

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Shares of Nike (NKE) are advancing $2.91 or 4.84% to $63 in after hours trading, on the company’s fiscal 2010 Q1 earnings result, which was released after the bell today. In the period, the company... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Companies featured in this edition of the newsletter: ACTC, CHIP, CUR, CVM, ENZ, IMUC, IWEB, SRCO, SVUL, XSNX

Markets finally snapped their winning streak last week, as weakness in housing markets and durable goods orders led to broad-based declines in all of the major indices. All told, the Dow surrendered 155 points on the week to close at 9665, down 1.6% on the week but up 10.1% on the year. The Nasdaq lost 2.0% on the week to close at 2090, up 32.6% on the year, while the S&P 500 and Russell 2000 posted losses of 2.2% and 3.1% respectively, paring their yearly gains to 15.6% and 19.9%.

Unexpectedly poor data from the housing sector was the big economic story on the week as both new and existing August home sales failed to live up to expectations. New home sales increased modestly to 429,000, falling short of estimates calling

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PERY, Perry Ellis International Inc.

BIEL, BioElectronics Corp, BIEL.PK

PennyOmega.com Watch List!

PennyOmega.com Watch List ! for Friday August 28, 2009

Our Picks at PennyOmega.com for Friday August 28, 2009 are:

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PERY, Perry Ellis International Inc.

PERY is a leading designer, distributor and licensor of a broad line of high quality men’s, women’s and children’s apparel, accessories, and fragrances.

PERY through its wholly owned subsidiaries, owns or licenses a portfolio of brands that includes 29 of the leading names in fashion such as Perry Ellis®, Perry Ellis America®, Perry Ellis Portfolio®, Jantzen®, Laundry by Shelli Segal®, C&C California®, Cubavera®, Munsingwear®, Savane®, Farah®, Original Penguin® by Munsingwear®, Grand Slam®, Natural Issue®, Pro Player®, the Havanera Co.®, Axis®, Axist®, Manhattan®,

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The ongoing debate about health care has become more focused on ideological lines than on what realistically can and should be done. Though not surprising, it is unfortunate. It would be wonderful if the conversation shifted to what changes can realistically be made and what changes should be made to prevent a worsening crisis. Here are some ideas, along with potential investment plays. Big Pharma Is Not Going Away Regardless of what you think about the drug companies, they are not going anywhere. The pharmaceutical lobby has made certain that it has a seat at the table and it seems probable that any new laws will benefit them. Even though some concessions will be made, the Obama Administration has quietly signaled a willingness not to pursue the most beneficial cost-saving strategies. Furthermore, the White House is playing ball when it comes to patent expiration, a ...

Gold had another uneventful day. The slight downward trend that developed in London was erased before 10 a.m. on the Comex and the yellow metal stayed flat from there, finishing near where it started, at $937.70/oz., up $0.70. For the week, gold is up 2.7%.

Platinum got a boost early in Hong Kong trading, then trended down until things got started in New York where the metal broke through resistance at $1170 to post a solid gain, closing at $1172/oz., up $11. For the week, platinum is up 6.1%.

Silver’s chart yesterday resembles the Nike swoosh symbol. After a curving downward trend through Hong Kong and London the metal went vertical in the early hours of Comex trading, but then tapered off, ending near its intraday high at $13.41/oz., up 12 cents. For the week, silver is up 6.0%. (Click here for charts)

Investors showed slightly renewed interest in gold

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NIKE, Inc. (NKE) reported mixed financial results for the fourth quarter and full year ended May 31, 2009. Fourth quarter results affected both top and bottom lines, mainly on account of the global economic slowdown leading to lower consumer spending and foreign exchange volatility.At the same time, NKE displayed prudent inventory management (inventory is down 3% year-over-year), and cornered another incremental slice of the market.NKE's net income dropped to $341.4 million (EPS $0.70, basic and diluted) in the reported quarter, down from the year-ago figure of $490.5 million (EPS $0.98 diluted, $1.00 basic). Similarly revenues were down 7.4% year-over-year to $4.71 billion from $5.09 billion.However the comparison is clouded since the year-ago numbers were boosted by the run-up to the European Football Championships and Olympics. Although excluding changes in currency exchange rates, net revenue was flat over the year-ago period....

Headquartered in Beaverton, Oregon, Nike Inc. (NKE) is one of the largest athletic footwear and apparel makers in the world. The company recently reported mixed financial results for the fourth quarter and full year ended May 31. Both top-and bottom-lines were hurt in the quarter on account of foreign exchange volatility and the global slowdown that led to lower consumer spending.

NKE's net income dropped to $341.4 million (EPS $0.70, basic and diluted) in the reported quarter, down from the year-ago figure of $490.5 million (EPS $0.98 diluted, $1.00 basic). Similarly, revenues fell 7.4% year-over-year to $4.71 billion from $5.09 billion. However, the comparison is clouded since the year-ago numbers were boosted by the run-up to the European Football Championships and Olympics. Excluding changes in currency exchange rates, net revenue was flat over the year-ago period.

Overall, gross margin contracted 240 basis points to 43.4% in the

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The markets had a good day as all three major indexes were up over 2%, with the Dow up 2.08% to finish at 8472.40.  The NASDAQ and S&P were up 2.08% and 2.14% respectively, closing at 1829.54 and 920.26.  The 10-year saw price climb over a dollar as the yield ended at 3.544%.  Crude oil saw prices rise, settling at $70.23, with August gold also seeing prices head up as the dollar weakens, settling at $939.50. 

American International Group [AIG: 1.46, 0.00 (0.00%)] and the Federal Reserve Board of New York agreed that AIG can repay $25 billion that they owe the New York Reserve through initial public offerings of the two of its international life insurance units.  AIG will put equity from American Life Insurance Co. and American International Assurance Co. into vehicles and receive preferred and common interest in exchange.  AIG will hold the common interest while

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