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TuesdaySep 30, 2008 6:13 pm

Security Software Company Palamida Names Boisvert as Board Chairman

Three years ago, open source software veteran Andre M. Boisvert joined Palamida's board of directors. Yesterday, Boisvert was appointed chairman. According to the company's news release, Boisvert will also take an active role in business development and expansion for Palamida. “This is a major step forward for Palamida,” said Mark Tolliver, Palamida CEO said at the time. “Our business continues to accelerate as governments and industries around the world increase their usage of open source based solutions. … We are indeed fortunate to have one of the industry’s most recognized and successful open source entrepreneurs add his expertise to our…

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TuesdaySep 30, 2008 6:10 pm

Valence Technology, Inc. (VLNC) Appoints Goolsby as CFO

Valence Technology, Inc. (NASDAQ: VLNC) announced today that it welcomes Ross A. Goolsby, as its new chief financial officer, effective Nov. 17. "Ross brings with him an outstanding skill set in finance and information technology, including extensive planning and budgeting, internal controls and SEC reporting experience," said Robert L. Kanode, Valence president and CEO. "A seasoned professional with nearly 20 years of diverse experience, Ross will be an excellent addition to our talented senior management team.” Valence, based in Austin, Texas, develops lithium phosphate energy storage units and components, including the first reliable and rechargeable lithium phosphate battery. It has…

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TuesdaySep 30, 2008 5:09 pm

Avatech Solutions, Inc. (AVSO.OB) Announces Flat Revenues for the Fiscal Fourth Quarter of 2008

Avatech Solutions, Inc. (AVSO.OB), the nationwide technology expert for design, engineering, and facilities management, recently announced its financial results for the fiscal fourth quarter and year ended June 30, 2008. The company’s stock declined earlier this week on the announcement of flat revenues for the fourth fiscal quarter of 2008. Quarterly revenues totaled $11.5 million, compared to $11.5 million in the prior-year quarter. For the fourth quarter of fiscal 2008, net income reached $742,000, or $0.03 per fully diluted share, compared to a net loss of $(874,000), or $(0.07) per fully diluted share, in the same period one year earlier.…

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TuesdaySep 30, 2008 5:08 pm

Fuqi International Inc. (FUQI): Shiny Profits from China?

Fuqi International (FUQI) is a designer and maker of precious metal jewelry in China. The company produces and sells rings, bracelets, necklaces, earrings, and pendants made from precious metals such as platinum, gold, palladium, and karat gold. Fuqi International also features products with diamonds and other precious stones. Last week, the company announced that it opened its first stores in China's capital of Beijing and another store in Shanghai, a major population center and tourist destination in China. The company now has a total of 60 stores in its home country of China. For the third quarter, Fuqi International anticipates…

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TuesdaySep 30, 2008 2:59 pm

Curtiss-Wright Corporation (CW) Received Multi-Year Contract from Saab Aerostructures

Curtiss-Wright Corporation (CW) designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The company, based in Roseland, New Jersey, was formed in 1929 through the merger of Curtiss Aeroplane and Motor Company and Wright Aeronautical Corporation. Based in Roseland, New Jersey, the company has approximately 7,600 employees worldwide and has offices across the United States, Canada, and Europe. The company recently received a follow-on, multi-year contract valued at over $80M from Saab Aerostructures to provide the mechanical system and structural fittings for the Boeing 787 large cargo door.…

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TuesdaySep 30, 2008 1:02 pm

Simtrol, Inc. (SMRL.OB) Offers Novel Applications

Simtrol, Inc. (OTCBB: SMRL) is an innovative provider of device control and monitoring software. The company develops scalable software solutions that give their users cost-effective management solutions for disparate devices utilized in complex environments, including boardrooms, courtrooms, and operating rooms. Unlike past device control and monitoring solutions, which were driven by proprietary closed-architecture hardware-based solutions, Simtrol offers an open software-based approach that incorporates standard interfaces. This means smoother, more timely integration and fewer software/hardware conflicts. Digital signage is a powerful communications platform for efficiently delivering messages to large numbers of people via display devices such as plasma screens, LCD's, and…

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TuesdaySep 30, 2008 11:51 am

S&P Home Price Index at All-Time Low

The Standard & Poor's housing index fell 16.3 percent in July, the largest decline since it began in 2000. For the fourth straight month, there was not a single pricing increase for any of the twenty cities in which studies for the index are conducted. Though the outlook seems rather dim, monthly declination rates have been steadily decreasing. However David Blitzer, chairman of the S&P's index committee feels that there is "no evidence of a bottom." Let us hear your thoughts below:

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TuesdaySep 30, 2008 11:50 am

Outlook Foggy for Holiday Shopping Season

With all of the day's turmoil, consumer confidence is lower than it has been in years. The holiday season, which has long been a money-tree for retailers, is now cast in an unfavorable light. The Conference Board announced that the Consumer Confidence Index level was 59.8 on Tuesday, just half of what it was a year ago. The figure is derived from a survey of 5,000 American households, and how citizens see the economy. The 59.8 does not reflect Monday's sharp stock market drop, but it seems likely that confidence levels will continue to fall. Let us hear your thoughts…

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TuesdaySep 30, 2008 11:49 am

Battered Stocks Rebound on Tuesday

After Monday, and one of the nation's biggest sell-offs in history, stocks began to rise again. On Tuesday afternoon, more than half of the ground lost by the Dow was recovered, as the index rose 400 points. Opportunistic investors took advantage of Monday's crash, swooping in for bargains and reversing an ugly trend. The indices will likely continue to be strongly linked to news concerning the status of the government bailout, which as of Tuesday, was all but dead in the water. At least for now, the markets appear to be healing from their horrific injuries, but investor skepticism remains…

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TuesdaySep 30, 2008 11:48 am

The Big Bailout – What’s Next?

The past seven days have been simply riddled with twists and turns concerning the status of a bailout that many said was necessary. The original package presented to Congress by the Bush administration was so fundamentally flawed that it was given little else but a rude reception. Twice now, a modified plan has been laid on the table and after much deliberation, plans have been twice brushed aside. It becomes increasingly apparent that there is no such thing as a flawless course of action in this instance, but many argue that the cost of inaction will carry the highest price…

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