Avnet, Inc. (AVT) recently reported revenues of $4.36 billion for the first quarter of fiscal 2010, down 3.1% from a year ago. Excluding the negative impact of foreign currency exchange rates, revenues declined 0.6%.

Management stated that the impact of global slowdown led to the year-over-year decline, but the business environment is improving.

On a segment basis, Electronics Marketing (EM) sales came in at $2.44 billion, down 9.8% year over year (down 8.0% when adjusted to exclude the impact of changes in foreign currency exchange rates). The rate of revenue decline moderated in the reported quarter and management is encouraged by pace of bookings for this segment in recent months.

Technology Solutions (TS) generated sales of $1.92 billion, up 6.9% year over year (up 10.5% when adjusted to exclude the impact of changes in foreign currency exchange rates), driven by growth in Americas and Europe, Middle East and Asia (EMEA).

The company

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Friday November 6, 2009

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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.

Hong Kong Highpower Technology, Inc. (NYSE Amex: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and

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Thursday November 5, 2009

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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 Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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Belo Corp announced an offering of between $250-275 million of senior notes due in 2016. The notes were issued under a shelf registration filed with the Securities and Exchange Commission (SEC) in September 2009, authorizing up to $600 million in debt.

Belo Corp said that prior to the deal closing, which is expected at the end of November 2009, the company must obtain a waiver from its lenders on its leverage and interest coverage covenants. The company had total debt of $1.042 billion, as of September 30, 2009. Belo Corp plans to use the funds to reduce the amount outstanding on its credit facility.

Belo Corp reported a net loss per share in the third quarter of 2009 of $150 million, due mostly to a non-cash impairment charge. The charge was due to a reduction in the fair value of Belo Corp’s FCC licenses.

Belo Corp (BLC) owns 20 television

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Monday November 2, 2009

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be

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For Immediate Release

Chicago, IL – October 14, 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: Las Vegas Sands (LVS), Wynn Resorts Ltd. (WYNN), MGM Mirage (MGM), Advance Auto Parts (AAP) and O’Reilly Automotive (ORLY).

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 Tuesday’s Analyst Blog:

Macau Casino Growth Threatened?

The explosive growth of the casino industry in Macau may be threatened as the government of Macau − the Chinese gambling Mecca − is considering ways to impose restrictions on age, number of tables and locations of casinos.

Yesterday, government officials of

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Recently, Nektar Therapeutics (NKTR) presented data from its phase II trial of oral NKTR-118, meant for the treatment of opioid-induced constipation. The data was presented at the American Academy of Pain Management's 20th Annual Clinical Meeting in Phoenix, AZ. The drug met the primary endpoint of increase in spontaneous bowel movement over the baseline period along with no reduction of opioid-mediated analgesia in any dose groups. In addition, NKTR-118 was well tolerated, the common side effects being dose-dependent gastrointestinal-related effects. In September, AstraZeneca (AZN) had entered into a licensing deal with Nektar Therapeutics for two of its pipeline candidates, NKTR-118 and NKTR-119. While the former is a phase II trial candidate, the latter, in its early stage of development, is intended to treat pain without constipation as a side effect. We believe the deal will be beneficial to both the companies. In addition to receiving ...

Taubman Centers Inc. (TCO) recently said it would record impairment charges of $161 million to $169 million in the third quarter. The real estate investment trust is writing down book values of its The Pier Shops at Caesars asset in New Jersey and Regency Square in Virginia to fair values due to the continued economic downturn.

The Pier Shops at Caesars is a 282,000 square feet shopping center in which Taubman owns a 77.5% stake. The company considers net operating income from the property to be insufficient to repay its $135 million non-recourse mortgage debt. Thus, it will write down book value of the asset by $106 million to $111 million, out of which Taubman has a share of about $100 million to $105 million.

Regency Square is an 820,000 square feet shopping center housing leading fashion retailers like Macy’s Inc. (M), J. C. Penney Co. Inc.

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Wednesday September 23, 2009

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One World Ventures, Inc. (PINKSHEETS: OWVI) today announced that earlier this year Tutamen was awarded a contract to provide table top convection ovens by a leading international confectioner. These ovens are distributed to many of the nation’s hotels and other hospitality locations and models are being developed for the international market. The Convection ovens were engineered, designed, procured and sourced by Tutamen and built by one of its many Chinese manufacturing partners. The contractual agreement gives Tutamen ownership of

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The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently paid off $446 million term notes that were scheduled to mature in 2010 by utilizing operating cash and proceeds from asset sales.  Macerich utilized the proceeds from joint venture asset sales ($275 million) to repay the bulk of the debt, while the balance was repaid by utilizing operating cash retained by paying 90% of the dividend in stock. At the same time, the company closed an $85 million loan collateralized by Paradise Valley Mall in Phoenix, Arizona. The loan, initially taken for a period of three years, can be extended to five years.  With the recent transactions, Macerich currently has only about $30 million of debt maturing in 2009, and about $269 million of debt maturing in 2010. Furthermore, all the debt maturities of the company are on secured property loans.  Macerich ...