July 2008 - Page 8 of 52

TuesdayJul 29, 2008 6:15 am

Wescorp Energy Inc. (WSCE.OB) Announces Signed Master Lease Agreement for Up to 256 Water Remediation Units

Wescorp Energy announced that its wholly-owned subsidiary, Total Fluid Solutions, Inc. (TFS), has completed a master lease agreement with an oil and gas company with operations in Texas, Kansas and Wyoming to use its safe, effective and cost-effective technology for cleaning and separating oil from produced water. As terms of the agreement, Wescorp Energy will develop, deploy and operate as many as 256 water remediation units, as well as provide trained technicians qualified to operate and service the equipment. The assembly and deployment of these units is scheduled to be completed through various phases over the next 60 months. Presently,…

TuesdayJul 29, 2008 5:12 am

Reed’s, Inc. (REED) Announces Expanded Partnership with Haggen, Inc.

This morning before the opening bell, Reed’s, Inc. announced that it has expanded its partnership with Haggen, Inc., which operates over 30 grocery stores in Oregon and Washington. The grocery chain offers its customers a wide array of natural and organic products, including Reed's Ginger Brews & Virgil's All Natural Sodas. The company will now also begin carrying Reed's full product line throughout all of its Haggen Food & Pharmacy, TOP Food & Drug, and Larry's Market stores. The Founder and CEO of Reed's, Inc., Christopher Reed, stated, "Our enhanced partnership with Haggen reflects Reed's commitment and success in expanding…

TuesdayJul 29, 2008 4:58 am

Wescorp Energy Inc. (WSCE.OB) Announces QualityStocks Coverage

Wescorp Energy, Inc. will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 600,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report. Mr. Doug Biles, President and CEO of Wescorp, has the company focused on helping oil and gas companies control costs and operate more economically, enabling them to streamline operations and maintenance. They achieve this by deploying technology-based innovative…

TuesdayJul 29, 2008 4:17 am

Microtune, Inc. (TUNE) Reports Better Than Expected 2Q Results, Begins Stock Buyback

Microtune, Inc. (TUNE), a designer and marketer of radio frequency (RF) solutions for the worldwide consumer electronics and automotive electronics markets, reported better than expected second quarter results yesterday after the close. Revenues rose to $26.6 million, an increase of 7% year over year and 5% sequentially. Net income fell 19% to $1.7 million. On a non-GAAP basis excluding items, Microtune earned 6 cents per share vs. analysts’ estimates of 4 cents per share. “The second quarter represented another record revenue level for Microtune, driven by strong demand in our core cable and automotive markets. Our strong financial performance was…

TuesdayJul 29, 2008 3:47 am

China BAK Battery, Inc. (CBAK) Reports Third Quarter Revenues More Than Double

China BAK Battery, Inc. (CBAK), a Chinese manufacturer and distributor of a variety of lithium ion rechargeable batteries for consumer electronics and general industrial applications, reported third quarter results yesterday after the close. Revenues rose to $68.5 million, an increase of 132% year over year and 33% over the preceding quarter. Net loss for the quarter shrank to $2.3 million, or 4 cents per share, vs. losses of $2.7 million last year and $6.2 million in Q2 08. The lone analyst surveyed expected a loss of 7 cents per share on sales of $44.7 million. "Looking at the third quarter…

TuesdayJul 29, 2008 3:45 am

Avid Technology, Inc. (AVID) Announces Second Quarter 2008 Earnings and Provides FY08 Guidance

Avid Technology, Inc. (NASDAQ: AVID), a worldwide leader in tools for film, video, audio, 3D animation, gaming and broadcast professionals, recently announced financial results for the second quarter of 2008. Shares of Avid Technology posted strong gains late last week after the company reported revenue of $222.9 million for the second quarter ended June 30, 2008, compared to $225.3 million for the same period in 2007. Revenue for the six-month period ended June 30, 2008 was $421.1 million, compared to revenue of $444.2 million for the same period in 2007. Non-GAAP earnings per share were $0.00 in the second quarter…

TuesdayJul 29, 2008 3:43 am

Affymetrix, Inc. (AFFX) Announces Second Quarter 2008 Results and Manufacturing Restructuring to Improve Gross Margins

Affymetrix, Inc. (NASDAQ: AFFX), the developer of products designed to accelerate genetic research and tailor treatments for individual patients by identifying and measuring the genetic information associated with complex diseases, recently announced the company’s operating results for the second quarter of 2008. Total revenue for the quarter came in at $86.9 million, compared to total revenue of $88.3 million during the second quarter of 2007. Shares of Affymetrix, Inc. fell to a multi-year low late last week after the company reported net loss of approximately $3.6 million or $0.05 per diluted share in the second quarter of 2008. Total product…

TuesdayJul 29, 2008 3:42 am

Blackbaud, Inc. (BLKB) Offers Free Nonprofit Management Seminar Series

Blackbaud®, Inc. (BLKB), based in Charleston, South Carolina, is a provider of software and services designed specifically for nonprofit organizations. The software is designed to help organizations improve operational efficiency, build strong relationships, and raise more money to support their missions. Organizations such as the American Red Cross, Dartmouth College and the Lincoln Center use one or more of Blackbaud's products and services for fundraising, constituent relationship management, financial management, direct marketing, school administration, ticketing, business intelligence, Web site management, prospect research, consulting, and analytics. The company recently launched a new free nonprofit management seminar series, Blackbaud Delivers™, which focuses…

TuesdayJul 29, 2008 3:39 am

The Fertile Breeding Grounds of the Chemical Manufacturing Industry

No industry is free of cycles. Some macro trends have effects across the board. Others are selective, or mitigated by executive actions. The best investors use both alpha and beta to guide their stock trades. Timing is nearly everything in a stock exchange ring. One of the most enduring images of stock market history relates to legendary investors making classic moves at precise points of business and economic cycles. The purpose of this post is to suggest that August 2008 belongs to Chemicals Manufacturing. This bastion of the brick-and-mortar era has appreciated by over 80% in the two years ended…

TuesdayJul 29, 2008 3:36 am

Mental Calisthenics for Better Stock Investing – Tuesday Treadmill

The brain needs regular exercise as much as muscles. Emotions, like fat, have their places, but excessive amounts are unattractive and harmful. Humans, rather than robots, have to make decisions to buy and sell stocks. How can you keep feelings in check? Try to act neutral in the face of losses and gains. Shun exuberance when a stock market index rises unexpectedly. Do not allow nervousness to cloud your mind when the stock exchange checks in with bad news day after day. Beware of media deadweight that flutters around to stay afloat in your mind. Practice looking ahead. Think of…

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Month: July 2008