ITT Corporation (ITT) reported third quarter 2009 net income from continuing operations of $190 million or $1.03 per share, exceeding the Zacks Consensus Estimate of 89 cents.   The results included the effects of improved operating performance primarily driven by productivity initiatives. Revenue for the quarter was $2.7 billion, down 6% year-over-year and down 4% excluding the impact of foreign exchange and acquisitions on a comparable basis.   In the Defense Electronics & Services segment, revenue of $1.57 billion was up 2% over the comparable period in 2008. The segment recorded growth in revenues at every value center, except for the Communications Systems division, where the expected reduction in domestic SINCGARS radio deliveries resulted in a negative comparison.

In Fluid Technology, third quarter 2009 revenue was $826 million, down 13% year-over-year and 10% organically. Results outperformed expectations, despite challenged industrial, municipal and residential market conditions.

In Motion & Flow Control,

...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Thursday November 5, 2009

DrStockPick.com Stock Report!

**************************************************************

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.

At the 2nd Asia Pacific Contact Center Association Leaders and CCAM Expo this week in Kuala Lumpur, Malaysia, Convergys

...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Wednesday October 28, 2009

DrStockPick.com Stock Report!

**************************************************************

Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) 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.

ANADIGICS, Inc. (NASDAQ: ANAD) today launched a new family of 1GHz hybrid line amplifiers that leverage the Company’s high performance CATV amplifier technology and manufacturing experience to provide exceptional linearity and distortion

...

Raytheon Company (RTN) has posted strong third quarter earnings of $499 million or $1.25 per diluted share -- better than the Zacks Consensus Estimate of $1.16 per share. Last year, the company had reported a net income of $437 million or $1.01 per share.   Operating income in the reported quarter grew by double digits (11%) to $765 million over the year-ago period. The boost came mainly from higher operating income in Technical Services (33%), Network Centric Systems (13%), Space and Airborne Systems (10%) and Integrated Defence Systems (5%). However, Intelligence & Information Systems and Missile Systems registered no growth.   On the revenue front, Raytheon grew 6% during the quarter to $6.2 billion over the year-ago period. Top-line growth was fueled by all but the Intelligence & Information Systems segment, owing to lower volumes in the e-Borders program.   Raytheon reported total bookings of $5.1 billion for ...

ITT Corporation (ITT) has been awarded a $19.3 million order from the U.S. Army's Research Development & Engineering Command Acquisition Center under the OMNI VII contract for AN/PVS-14 night vision monocular devices. Eighty percent of these goggles are required by the U.S. Air Force with the remaining quantities for the U.S. Navy and U.S. Army.  The AN/PVS-14 is a high-performance, lightweight and reliable night vision monocular that provides enhanced resolution for mobility and target identification. These rugged devices can be hand-held, head- or weapon-mounted or fitted to a camera. The AN/PVS-14 operates on a single AA battery and are equipped with ITT's thin-filmed proprietary Generation 3 Pinnacle image intensifier tube.  The Gen 3 Pinnacle tube has the ability to detect available light more than 10 times the power of previous generations. The company has also been awarded a $72 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Monday October 12, 2009

DrStockPick.com Stock Report!

**************************************************************

Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today introduced its Synphony HLS (High Level Synthesis) solution that integrates M-language and model-based synthesis to deliver up to 10X higher design and verification productivity than traditional RTL flows for communications and multimedia applications. Synphony HLS creates optimized RTL for ASIC and FPGA implementation, architecture exploration and rapid prototyping. In addition, Synphony HLS complements C/C++-based flows by generating C-models for system

...

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Tuesday October 6, 2009

DrStockPick.com Stock Report!

GD, PWRM, NOC, CSRH, CVAT, LMT, RTN

**************************************************************

GD, General Dynamics Corp.

GD is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.

GD will provide enterprise information technology (IT) support to the U.S. Coast Guard under a five-year, $140 million task order awarded through the Enterprise Acquisition Gateway for Leading-Edge Solutions (EAGLE) contract.

**************************************************************

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

...

L-3 Communications Holdings Inc. (LLL) yesterday announced that its subsidiary L-3 Communications Corporation will issue $1 billion in senior notes with coupon rate of 5.2%. The notes are due in October 2019.  L-3 Communications will use the proceeds from the note issue along with available cash to reduce its debt burden. The company plans to redeem $750 million in senior subordinated notes due in 2012 and repay a $650 million term loan. Apart from that the company will also replace its existing $1 billion revolving credit facility with a 3-year facility of at least $750 million.  L-3 Communications has one of the strongest balance sheets among its peers with a low debt-to-capitalization of 38.3% after the first half of fiscal 2009. The company continues to be a strong cash generator and closed the first half of fiscal 2009 with cash and cash equivalents of $897 million. ...

ITT Corporation (ITT) has received a $72.2 million contract from the Army to provide a night vision imaging system for aviators. Work is to be performed in Roanoke, VA and is expected to be completed by Sept. 30, 2012. Enhanced Night Vision Goggle (ENVG) optically combines an image intensification image, and proven thermal infrared technology, allowing for improved mobility and situational awareness—through clear target detection and improved target recognition. The ENVG combines the strengths of both technologies into one helmet-mounted unit, allowing war  fighters to complete their missions more effectively, even when confronted by low-light or obscured conditions. ITT's Night Vision business is the world's leading developer, producer and supplier of head- and helmet-mounted night vision solutions and image intensifiers for U.S. and allied military forces as well as the Homeland Security market. ITT has served the U.S. military with premier research, development, production and logistics ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Monday September 28, 2009

DrStockPick.com Stock Report!

**************************************************************

Micromem Technologies Inc. (OTC BB: MMTIF), and its wholly owned subsidiary, Micromem Applied Sensor Technologies, Inc. (MASTInc), has received an initial purchase order for its sensors from Life Medical Technologies, Inc. (LMTI), which upon completion, will total US$30 million. Micromem anticipates delivery to begin in 2009 with the bulk expected in 2010, in accordance with fulfilling LMTI client orders.

Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry announced today

...