After market closed, SINA Corp. (SINA) reported revenues of $96.4 million in the third quarter of 2009. Revenues was down 8.6% year over year but was up 6.8% sequentially. Revenues exceeded the company's guidance of $91.0 – $94.0 million and easily beat the Zacks Consensus estimate of $94.0 million. This reflects strong execution of the company’s online advertising business in China , which grew double-digits sequentially. We expect a huge improvement in SINA’s advertising business, as advertising spending recovers. SINA expects to benefit from government stimulus packages. Moreover, management is witnessing signs of a strong recovery in the advertising market in China in the second half of this year, which is reflected in the company’s higher-than-expected guidance. Advertising revenues decreased 16.3% year over year but was up 10% quarter over quarter, exceeding the company’s guidance of $60.0 – $62.0 million. Non-advertising ...

SINA Corp. (SINA) is set to announce its third quarter results after the closing bell on Nov 16.   SINA’s third-quarter revenue guidance of $91–$94 million was below the Zacks Consensus Estimate. The company expects Advertising revenues to be $60–$62 million and non-advertising revenues to be $31–$32 million in the third quarter. SINA remains guarded on advertising spending particularly brand advertising as consumers remain cautious.   SINA is a leading provider of online media and value-added information services in China . Although the company’s second quarter results beat Zacks consensus estimates, it has been down on a year over year basis. The company is facing severe competition in its mobile and online brand advertising business.   However, the stock has rallied much and we expect the company to benefit from the growing trends in the wireless business. We expect a huge improvement in SINA’s advertising business, as advertising ...

LOS ANGELES, CA — (Marketwire) — 10/26/09 — Muscle Flex Inc. (PINKSHEETS: MFLI) (www.MuscleFlexInc.com) announced today that it has chosen Chief Media (www.ChiefMedia.com) as its national media buyer for the BUDDY Tablet Caddy(TM) (www.BUDDYTabletCaddy.com) and the Beagle StepFit(TM) (www.BeagleStepFit.com) infomercials. Chief Media is a one of the nation’s top large scale television, print, radio and online media purchasers and is a leader as well as a pioneer in the direct response industry. Chief Media also provides a wealth of value added expertise that includes business development, research as well as data tracking, data assimilation and overall program analysis. Muscle Flex has developed a close relationship with the principals at Chief Media and is eager to utilize their years of expertise in the direct response business with the BUDDY and the Beagle as well as a number of other planned product releases

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Recently, CBS News, a unit of CBS Corporation (CBS) entered into a strategic deal with GlobalPost, a global news provider, whereby the latter will provide international news coverage to CBS for a monthly fee. The terms of the agreement were not disclosed yet.  Immense competition from cable and online media, and the shrinking print advertising revenue had compelled CBS and other broadcasters to scale back on international coverage by laying off reporters and editors to save costs, and to look for other cost effective way to get international news.  As per the deal, GlobalPost would offer its network of 70 correspondents placed in 50 countries readily available to CBS News. Since its launch in January 2009, the site has been gradually increasing its video contents and reportedly has an average of 400,000 unique visitors every month.  GlobalPost has already signed strategic deals with 25 other ...

SINA Corporation (SINA) has been downgraded from Outperform to Neutral, indicating that the stock would be trading in line with the industry. The company is a leading provider of online media and value-added information services to the global Chinese community. Although SINA’s most recent quarter (second quarter) results beat Zacks Consensus Estimates, they have been down on a year-over-year basis. The company provided disappointing guidance, as customer caution is likely to be a hindrance to advertising spending, particularly the brand advertising segment. Economic growth in China has continued to slow down in the face of the protracted global economic downturn. Competition in the online brand advertising field in China is fierce, crowded by big players such as Sohu.com Inc. (SOHU), Shanda Interactive (SNDA) and Baidu, Inc. (BIDU). Moreover, uncertainty regarding the closure of the Focus Media Holding Ltd. (FMCN) acquisition poses ...

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Wednesday August 26, 2009

PennyOmega.com Stock Report!

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Bio-Matrix Scientific Group, Inc. (OTCBB: BMSN) and Its majority owned subsidiary Entest BioMedical Inc. (OTCBB: ENTB) announced today they have finalized a definitive agreement with Therinject LLC for the development of a new immuno-therapeutic cancer vaccine. Therinject LLC is engaged in the development of cancer treatments utilizing immunology based approaches.

Openwave Systems Inc. (Nasdaq:OPWV), one of the world’s leading software innovators offering a mediation platform and tools to mobilize the Internet, today announced the appointment of Heikki Makijarvi as vice president of business development, effective August 17. Makijarvi brings more than 25 years of experience in the telecommunications and networking

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DrStockPick.com Stock Report!

Wednesday August 26, 2009

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Bio-Matrix Scientific Group, Inc. (OTCBB: BMSN) and Its majority owned subsidiary Entest BioMedical Inc. (OTCBB: ENTB) announced today they have finalized a definitive agreement with Therinject LLC for the development of a new immuno-therapeutic cancer vaccine. Therinject LLC is engaged in the development of cancer treatments utilizing immunology based approaches.

Openwave Systems Inc. (Nasdaq:OPWV), one of the world’s leading software innovators offering a mediation platform and tools to mobilize the Internet, today announced the appointment of Heikki Makijarvi as vice president of business development, effective August 17. Makijarvi brings more than 25 years of experience in the telecommunications and networking industry with

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Move, Inc. (MOVE) recently reported sales of $54.6 million in the second quarter of 2009, down 11.1% year over year and about flat on a sequential basis. Move provides a variety of real estate services through a family of websites. These services, which include online media and technology solutions, are provided to real estate industry professionals, advertisers and providers of home and real estate-related products and services. The past two years have been very tough for the company due to a rapid deterioration in the global economy led by the sub-prime mortgage crisis. The situation has not improved much, though the pace of decline has slowed a bit. Adjusted EBITDA (earnings from continuing operations before interest, taxes, stock-based compensation and charges, depreciation, amortization and other non-recurring charges) came in at $7.1 million, compared to $5.7 million in the year-ago quarter and $6.6 million in the ...

DrStockPick.com Stock Report!

Monday July 27, 2009

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First Savings Financial Group, Inc. (Nasdaq:FSFG), the holding company for First Savings Bank, F.S.B. (the “Bank”), today reported net income of $153,000, or $0.06 per diluted share, for the quarter ended June 30, 2009, compared to net income of $41,000 for the same period in 2008.

Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that net income for the quarter ended June 30, 2009 was $23 thousand and $549 thousand for the six months ended June 30, 2009 compared to $450 thousand and $951 thousand during the second quarter and the first six months of 2008. Earnings were adversely

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For Immediate Release

Chicago, IL - June 11, 2009 - Zacks Equity Research highlights SINA Corp. (SINA) as the Bull of the Day and Koninklijke Philips Electronics N.V. (PHG) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Masco (MAS), Dryships (DRYS) and Ford (F).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

SINA Corp. (SINA) is a leading provider of online media and value-added information services to the global Chinese community. The company posted a year-over-year increase in revenue, but results were below our estimates. SINA provided encouraging Q2 guidance.

However, economic growth in the country has continued to slow during to the global downturn. The company is also facing severe competition in

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