AuthenTec [AUTH: 1.78, 0.00 (0.00%)], the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q1/09 earnings and held their analyst conference call May 12th after the market closed.

As I wrote on my Twitter feed, 3 of the companies in the portfolio reported last week, and all things considered, AuthenTec was not the highest on my priority list by any means.

Sure, I guess that speaks to the status of the company, and I’m seriously considering shuttering the entire position as I’ll discuss below, but for now, it looks like with AuthenTec’s huge cash position (the stock currently trades at less than the $2.31 per share in cash on hand), as well as their intellectual property (IP) and client

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Power Medical Interventions®, Inc. (PMII.OB), the world’s only provider of computer-assisted, power-actuated surgical cutting and stapling products, announced yesterday that the company has received clearance from the U.S. Food and Drug Administration (FDA) for its 510(k) application for marketing iDrive Intelligent Power Unit™, a detachable Intelligent Surgical Instruments and iConsole™. As a leader in developing and commercializing Intelligent Surgical Instruments™, Power Medical Interventions intends to launch the iDrive, Intelligent Surgical Instruments and iConsole products for commercial sale, effective immediately.

The iDrive is designed to support a variety of minimally invasive procedures by offering surgeons a broad range of cutting configurations and is a first-of-its-kind breakthrough in operating room instrumentation. The iConsole is a proprietary wireless device that communicates directly with the iDrive during surgical procedures to output specific auditory and visual reference information via its speaker and liquid crystal display. In addition to its broad functionality, the iDrive is reusable,

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There is a giant bonanza coming Corning Inc.’s (NYSE: GLW) way, and it’s going to start hitting the company’s bottom line later this year.  What’s more, there is tremendous upside for the company’s stock that is not yet reflected at all in Corning’s share price.

Corning is already surprising everybody – maybe even itself – well before any of this upside has materialized into tangible results.

Corning just reported a first-quarter profit of 10 cents a share, doubling analysts’ expectations. And that’s just beginning. The company raised growth estimates for its LCD television unit, which accounts for about 45% of revenue, to 18% from 9%.

Corning also confirmed the massive inventory liquidation, which means all of the industrial buyers of the company’s products have depleted inventories. You see, the first rule of financial management for a company is to always carry the lowest levels of inventory and

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Adding fuel to the controversy that Amazon.com (AMZN) will evade paying royalties to authors from its Kindle device, Discovery Communications Inc. (DISCA) sued the online retailer for violating its patent on electronic book technology.

On Tuesday, the media company filed a lawsuit in the U.S. District Court in Delaware accusing Amazon's electronic reader Kindle of infringing intellectual property rights of a patent it had registered in November 2007.

Amazon introduced the second version of Kindle last month for a retail price of $359, calling it the future of book reading. The first model of the wireless device was released in November 2007.

Discovery sought a "fair compensation" through damages for "any future infringement" of the patent but did not seek an injunction preventing sales of the Kindle.

"AMZN" Free Stock Analysis: Buy? Sell? Hold?"DISCA" Free Stock Analysis: Buy? Sell? Hold?...

Today, TeleCommunication Systems, Inc. announced that the U.S. Patent and Trademark Office has granted the company patent number 7,483,983 for “Method and System for Deploying Content to Wireless Devices.” This invention allows internet content to be displayed on wireless devices through web browser applications.

The Nielsen Company recently reported the results of a survey that found 17 percent of U.S. mobile phone users, or 43 million subscribers, access the Internet. Although these users are able to access internet content through the web browser of their wireless device, most internet sites are only designed to display information on a standard computer screen — not on small mobile screens. Additionally, wireless devices that access the internet use different mobile browsers and protocols, making it difficult for providers to consistently deliver content across a wide range of wireless devices.

TeleCommunication’s invention, however, allows internet content to be displayed in a variety of formats, dynamic

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AuthenTec, Inc. (NASD: AUTH), the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device and access control markets, recently reported its financial results for the third fiscal quarter ended October 3, 2008. Quarterly revenue posted a 22 percent increase to $18.4 million when compared to the corresponding period one-year earlier and was in line with the company’s updated guidance range of $18.2 million to $18.5 million for the third quarter.

On a non-GAAP basis, the company reported record net income for the third quarter of $1.4 million, or $0.05 per diluted share. This reflects a year-over-year improvement of 62 percent compared to net income of $859,000, or $0.03 per diluted share, in the third quarter of 2007 and beat third quarter estimates of $0.03 per share. AuthenTec, Inc. expects revenue in the fourth quarter to range from $12.5 million to $13.5 million.

F. Scott

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AuthenTec Inc. (AUTH) is the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. The company has sold more than 30 million sensors worldwide.

AuthenTec’s sensors utilize the company’s patented TruePrint and TrueMatch technologies which allow fingerprints to be read below the surface of the skin to the live layer - or true fingerprint. This technology is not affected by common skin surface conditions dry, worn, calloused, oily, or dirty skin that can affect other sensors’ ability to acquire accurate fingerprint images for user authentication purposes. The company’s fingerprint sensor technologies are the only technologies capable of acquiring everyone’s fingerprint under virtually any condition.

The company’s technologies are the driver behind AuthenTec’s ability to provide the broadest range of form factors and the lowest cost fingerprint sensors on the market today. The company’s network of partners and customers include: Texas Instruments, Samsung,

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