SunPower Corporation (SPWRA) announced that it will design and construct a 1-megawatt solar power system at the Yolo County Justice Center in Woodland, California. Yolo County, which will own the system and associated renewable energy credits, is financing the purchase using multiple funding sources, including clean renewable energy bonds and qualified energy conservation bonds. The bonds were financed by Bank of America (BAC). It also assisted the county in securing a 15-year loan from the California Energy Commission. The solar power system is expected to be operational by Sep 2010 and will utilize SunPower solar panels. SunPower’s solar panels are automated to follow the sun's movement during the day, increasing sunlight capture by up to 25% over conventional fixed-tilt systems, while significantly reducing land use requirements. According to conversion formulas provided by the U.S. Environmental Protection Agency, the solar power system is expected to get ...

Following the release of better-than-expected first quarter results and an increase in guidance by VeriFone Holdings Inc. (PAY), we recently upgraded our rating on the stock to Outperform from Neutral.

Based in San Jose, California, VeriFone designs, markets and services a transaction automation system that facilitates electronic payments between consumers, merchants and financial institutions.

Revenues of $223.4 million in the first quarter of fiscal 2010 were up 2.6% sequentially and up 4.4% year over year. Earnings per share (EPS) came in at 26 cents, easily beating the Zacks Consensus Estimate of 18 cents.

We have discussed the quarterly results at length here: "VeriFone Tops Estimates."

AGREEMENT IN REVISIONS

Management has also upgraded its guidance. VeriFone now expects revenues between $925 million and $940 million in 2010, up from the previous estimate of $900 million to $945 million. Earnings per share (EPS) are forecasted between $1.00 and $1.10, up from the previous estimate of

...

VeriFone Holdings Inc. (PAY) reported revenues of $223.4 million in the first quarter of fiscal 2010, up 2.6% sequentially and up 4.4% year over year. Systems Solutions generated revenues of $188.0 million, up 1.2% year over year. Services revenue increased 11% sequentially and 25% year over year.   Based in San Jose, California, VeriFone designs, markets and services a transaction automation system that facilitates electronic payments between consumers, merchants and financial institutions.   Revenue from international operations increased 2% sequentially. Latin America increased 14% and Europe grew 1% while Asia declined 11%.   Revenues from North America increased 3% sequentially. Petroleum and some of the smaller vertical solutions grew while the multi-lane retail business was steady compared to fourth quarter levels.  ...

Atmel Corp. (ATML) announced that the proposed sale of its wafer fabrication operation in Rousset, France, to LFoundry GmbH has been approved by employees at the facility and the Rousset Works Council.  Subsequent to receiving Works Council approval, Atmel sought and obtained approval from its Board of Directors to enter into a stock purchase agreement with LFoundry for the sale, which is expected to close in the second quarter.  Over 700 workers are currently employed at the Rousset fab. In recent times, management has been taking steps to streamline its workforce and improve profitability in response to the challenging economic environment. These actions include selling non-core wafer fabrication operations, consolidating or eliminating numerous product lines (approximately 14) and reducing the workforce by nearly 25%.  Meanwhile, Atmel revised its fourth quarter income tax expense and recorded out-of-period adjustments totaling $10 million as income tax expense. This ...

PennyOmega.com Hot Stock News & Alerts! ________________________________________ FREE Daily Stock Alerts From PennyOmega.com ________________________________________ Monday March 1, 2010 PennyOmega.com Stock Report! HCEI, Healthy Coffee International Inc., HCEI.PK ************************************************************** Healthy Coffee in San Jose Vietnamese New Year TET Festival NEWPORT BEACH, CA–(CRWENEWSWIRE March 01, 2010) - Healthy Coffee International, Inc. (Pinksheets:HCEI) announced that it has set up a coffee tasting booth at the Vietnamese Lunar [...]

_________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Monday March 1, 2010 DrStockPick.com Stock Report! HCEI, Healthy Coffee International Inc., HCEI.PK ************************************************************** Healthy Coffee in San Jose Vietnamese New Year TET Festival NEWPORT BEACH, CA–(CRWENEWSWIRE March 01, 2010) - Healthy Coffee International, Inc. (Pinksheets:HCEI) announced that it has set up a coffee tasting booth at the Vietnamese Lunar New Year celebration, or [...]

VeriFone Holdings Inc. (PAY) announced that the company received a multimillion-dollar order for its payment solutions by Sberbank, Russia’s largest bank.

Sberbank, which ultimately intends to distribute approximately 130,000 payment solutions among merchants, has selected VeriFone as its leading vendor. The bank will utilize VeriFone’s countertop and wireless payment solutions, as well as PIN pads.

Meanwhile, VeriFone is expected to report first quarter 2010 results on March 2, 2010. Management expects revenues between $215 million and $218 million in the first quarter of fiscal 2010. Earnings per share are projected around 22 cents – 23 cents.

The current Zacks Consensus Estimate for the first quarter of 2010 is 18 cents per share compared to management’s projection of 22 – 23 cents. For the full year of fiscal 2010, VeriFone expects net revenues to be between $900 million and $915 million. Earnings per share are estimated between 97 cents and $1.07.

Over the past

...

Recently, Praxair, Inc. (PX) started its new air separation plant in San Jose, Costa Rica. In addition to meeting increasing demand for oxygen, nitrogen and argon from industrial and medical customers in Costa Rica, the new facility positions Praxair to supply distributors in Panama and the Caribbean market.   The Praxair unit in China, Praxair China, plans to build a nitrogen plant and integrate its patented direct-injection technology at Marcegalia’s new steel-tube mill in Yangzhou, Jiangsu Province, China.   The mill will produce 350,000 tons of stainless, carbon precision and cold drawn steel tubes per year for use in the construction, appliance, engineering-component and energy markets. Phase 1 of the project is scheduled to start in June 2010 and Phase 2 in 2011.   Praxair’s intense focus on continuously expanding its reach in its operating regions and adding new customers to its existing spheres of business have accelerated ...

VeriFone Holdings,Inc. (PAY) recently announced a strategic initiative to leverage its current and future payment assets into the rapidly growing payment-enabled media marketplace.  Management stated that consumers now want to take advantage of electronic payment options in locations that offer unique media and marketing opportunities. VeriFone currently provides advertising opportunities on a number of its taxi cab payment systems in New York City.  Management now intends to broaden this footprint nationwide and begin a major initiative introducing other payment-enabled media opportunities.  As part of this new initiative, VeriFone is announcing a major refresh of its taxicab technology to include IP-connected Flash 10 technology and dynamic content generation capabilities. VeriFone intends to roll this technology out to all of its New York taxicabs by June 2010.  Additionally, VeriFone intends to build its payment-enabled media sales force to more than 20 sales representatives serving both local ...

Atmel Corp. (ATML) recently announced that it has licensed Immersion Corp.’s (IMMR) TouchSense technology for its products. Atmel will integrate this functionality into its touch product families to offer users a better experience in consumer products including mobile phones, game consoles, navigation devices, cameras, Netbooks, appliances, PCs and peripherals.

Immersion is a leading developer and licensor of touch feedback technology.

The company is aggressively marketing its new maxTouchTM technology. Touch-sensing technology is the fastest growing area in Atmel's microcontroller business and it is expected to remain a major growth driver in the coming quarters. Atmel's maxTouchTM is beginning to gain traction among the OEMs and is expected to be one of the leading new technologies in the smart-phone and large screen applications.

Management expects to release additional maXTouch touchscreen solutions in the fourth quarter of 2009 and 2010. Meanwhile, the company also announced that its plans to sell its wafer

...