Blog - Page 3832 of 5478

FridayOct 23, 2009 9:25 am

Iteris (ITI) Announces Quarterly Financial Results

Iteris, Inc., a leader in advanced traffic management technologies, today reported financial results for its fiscal quarter ending September 30, 2009. Net sales and revenues increased 1.6% over the preceding quarter, from $14.6 million to $14.9 million, primarily the result of a 20.5% increase in the sale of Roadway Sensors and a 30.5% increase in the sale of Vehicle Sensors. Growth was partially offset by a 16.9% decrease in Transportation Systems contract revenues. In addition, gross margins increased to 44.2%, compared to 38.1% for the preceding quarter, and compared to 41.3% in the same quarter of the prior fiscal year,…

FridayOct 23, 2009 9:18 am

Defense Solutions Holding Inc. (DFSH.OB) Growing into Global Power

Defense Solutions Holding Incorporated is a company that is on the rise. Founded in 2001 in Exton, Pennsylvania, Defense Solutions is known as being one of the few American companies that does business in the U.S. and Iraq. Today, the company announced that one American refinery and two Asian refinery groups have asked them to secure oil contracts in Iraq. One of the most unique aspects of Defense Solutions is how far their business has branched out. In 2005, when the company was merely four years in their history, Defense Solutions supplied 77 T-72 tanks to the Iraqi Army whom…

FridayOct 23, 2009 9:14 am

Arrayit Corp. (ARYC.OB) and the USDA Join Forces to Combat Honeybee Extinction

Arrayit Corp., a proprietary life science technology leader for disease prevention, treatment and cure, recently announced that the U.S. Department of Agriculture (USDA) in Baton Rouge, Louisiana has purchased the company’s proprietary technology to protect America’s crop plants by combating honeybee extinction. The USDA is utilizing Arrayit’s proprietary SpotLight microarray scanning technology and high-speed BioBlue computers to identify biomarkers in the honeybee genome to detect tracheal mites, the parasites that threaten the worldwide honeybee population. Honeybees currently pollinate approximately $14 billion worth of America’s crop plants, including fruits, seeds and vegetables, and the number of honeybees has recently decreased by…

FridayOct 23, 2009 8:17 am

Equinix, Inc. (EQIX) Acquires Switch and Data (SDXC) in $689 Million Deal

Equinix, Inc., provider of global data center services, reported yesterday that it has reached a definitive agreement to acquire Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), a leading provider of data center and Internet exchange services, for approximately $689 million in cash and stock. The acquisition represents a significant market expansion for Equinix and will expand the company’s market presence by adding 16 new markets across North America, including additional 34 data centers in 22 markets in the U.S. and Canada. The combination of the two companies will further strengthen Equinix’s position in the global data center services market…

FridayOct 23, 2009 8:07 am

Akeena Solar Inc. (AKNS) Posts Q3 Results, Increase in Residential Solar Installations

Akeena Solar Inc., a leading designer and installer of solar power systems in the United States, yesterday posted its third-quarter results for the three months ended September 30, 2009, reflecting growth and continued demand in residential applications. The company reported net sales at $7.7 million as compared to $10.6 million for the same quarter last year, up from $5.9 million in the second quarter of 2009. The company attributes the year-on-year decline to the credit crunch and global overbearing economic conditions. However, the increase in net sales from the second quarter reflects higher residential sales. "Our third-quarter results demonstrate the…

FridayOct 23, 2009 7:34 am

A Long Look at the National Debt

Short-Term Deficits Pale in Comparison to Unfunded Liabilities on the Horizon Dwindling U.S. economic activity and accelerating government spending resulted in a record $455 billion federal budget deficit for fiscal year 2008. During the same trying period, the total national debt increased to about $10 trillion, and the forecast for 2009 was for an even larger deficit and more government borrowing. As the numbers continue to escalate, how can we put the magnitude of the current national debt in perspective? Are there risks involved when government pushes the payment of its obligations into the future? And could it be that…

FridayOct 23, 2009 7:34 am

Municipal Haste

The administration has stated that it intends to raise tax rates on people with incomes in the highest tax brackets in order to finance programs such as health-care reform. The current top federal income tax rate of 35% is low by historical standards but is scheduled to revert to its original 39.6% rate after 2010. Meanwhile, the national debt is $11 trillion and growing, and the federal government is facing more than $40 trillion in unfunded entitlement obligations for Medicare and Social Security. When you consider these staggering figures plus the hundreds of billions of dollars that the government is…

ThursdayOct 22, 2009 3:26 pm

Royale Energy Inc. (ROYL) is “One to Watch”

Founded in 1986, Royale Energy, Inc. is an independent energy company with headquarters in San Diego, California. They focus on the development, acquisition, exploration, and production of natural gas and oil in California, Texas, and the Rocky Mountains. For more than 20 years, the Company has been a leading independent producer of oil and natural gas. Royale Energy Inc. trades on the OTC Bulletin Board. The Company's main lines of business include the production and sale of natural gas and oil, and the acquisition of oil and gas interests and proved reserves. Their business also includes drilling of exploratory and…

ThursdayOct 22, 2009 3:18 pm

Symmetricom, Inc. (SYMM) is “One to Watch”

With headquarters in San Jose, California, Symmetricom, Inc. supplies timing and synchronization hardware, software, and services to industry, government, utilities, research centers, and aerospace markets worldwide. Trading on the NASDAQ Global Market, the Company operates in two divisions: Telecom Solutions and Timing, Test, and Measurement. Symmetricom products provide the precise time, frequency, and synchronization signals required by a network of GPS satellites. Worldwide, the international timescale is set to sub atomic precision using Symmetricom frequency reference. The Company's timing solutions are critical to radio navigation in coastal waters, deployment of missiles, and the seamless delivery of voice, data, and video…

ThursdayOct 22, 2009 3:14 pm

Axesstel, Inc. (AXST.OB) Announces Distribution Agreement with Quality One Wireless

Axesstel, Inc., a leader in the design and development of fixed wireless voice and broadband data products, announced this morning that it has entered a distribution agreement with Quality One Wireless. Quality One has agreed to distribute Axesstel's select portfolio of fixed wireless voice and broadband data products through its extensive network of multiple affiliate companies in the wireless device sales, service, and distribution industry throughout North America. "In 2009, we have actively pursued business in North America, particularly in U.S. rural markets where broadband connectivity rates are well below the national average," said Clark Hickock, chief executive officer for…

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