Blog - Page 4208 of 5482

TuesdayOct 14, 2008 11:19 am

Exactech, Inc. (EXAC) Announces Conference Call and Expects to Report Revenue Growth of 26% for Q3

Exactech develops and markets orthopedic implant devices, related surgical instruments and biologic materials and services to hospitals and physicians. Previous announcements had claimed earnings estimates of $0.21-$0.23 diluted earnings per share. These estimates are being revised to reflect the new estimate of approximately $0.15 diluted earnings per share. Even though there is a reduction in revenue guidance, Exactech management remains strong in their anticipation for continued company growth. Conference call for all interested investors has been set for October 29th at 10:00am EST. Exactech CEO Dr. William Petty said, “Although our domestic sales were softer than expected for the third…

TuesdayOct 14, 2008 11:16 am

U.S. Government to Invest in Nine of the Nation’s Largest Banks

President Bush revealed plans to use a portion of the Congress approved $700 billion bailout plan to invest into the banking system through capital infusions. Nine of the nation's largest banks have already agreed to take the capital and in return will give preferred shares to taxpayers and limit executive pay. It is widely expected that half of the requested $250 billion will go to those nine banks. In exchange, the government will receive an annual dividend of between 5-9%. Those banks will be: • Goldman Sachs (GS) • Morgan Stanley (MS) • JPMorgan Chase (JPM) • Citigroup (C) •…

TuesdayOct 14, 2008 11:15 am

As Tensions Ease Up… So Do Oil Prices

Investors in the Oil futures are breathing a heavy sigh of relief. The Price of oil had reached its 13 month bottom at $77.70 on Friday on the panic of last week’s stock market decline. But in world trading this week, benchmarks from around the world have proven that you can’t keep oil down, bolstering the mark for light sweet crude on the New York Mercantile Exchange was up $3.37 to $84.56 a barrel in electronic trading by midday in Europe. The price closed at $81.19 on Monday. "The bailout announcements have eased some of the deep-seated fear of a…

TuesdayOct 14, 2008 10:15 am

Genessee & Wyoming Inc. (GWI) Announces Acquisition of Georgia Southwestern and Ohio Central Railroads

Genessee & Wyoming Inc. (GWI) owns and operates short line and regional freight railroads in the United States, Canada, Australia and the Netherlands. The company, headquartered in Greenwich, Connecticut, also owns a minority interest in a railroad in Bolivia. Operations currently include 63 railroads organized in nine regions, with more than 6,700 miles of owned and leased track and approximately 3,000 additional miles under track access arrangements. Last week the company announced the acquisitions of the Georgia Southwestern Roailroad, Inc. and of 10 short line railroads known as the Ohio Central Railroad System (OCR). The acquisition of Georgia Southwestern was…

TuesdayOct 14, 2008 10:13 am

NetApp Certifies Emulex Corp.’s (ELX) CNA for Use with Net App’s FCoE SAN Storage Solution

Emulex Corporation (ELX) is a provider of enterprise-class solutions and technologies that intelligently connect storage, services and networks to ensure data access that’s open, secure and adaptable. The company’s award-winning Emulex HBAs consists of intelligent storage platforms and embedded storage products, including switches, bridges, routers and I/O controllers that build reliable, scalable and high performance stories and server solutions for the most demanding of data centers. The company, based in Costa Mesa, California, has been in operation for nearly 30 years. The company announced today that its LightPulse® LP21000 family of Fibre Channel over Ethernet (FCoE) Converged Network Adapts (CNAs)…

TuesdayOct 14, 2008 10:11 am

Stocks Pull Back from this Morning’s Highs as Profit Taking Takes Place

After a very impressive rise of 19.6% in just a two day period, the markets were bound to experience a pull back at some point. Although the DOW is currently down 45 points, it has held much of its massive gains from yesterday’s 936-point jump. Some believe the worst lows are behind us, but other analysts have restrained themselves from saying the U.S. market has reached a bottom. Let us hear your thoughts below:

TuesdayOct 14, 2008 9:12 am

Axial Vector Energy Corp. (AXVC.PK) Announces Acquisition of Product Assembly and Storage Facility in Dubai

Today, Axial Vector Energy announced that its 15 kW generators and electric motors are now ready for mass production and that it has acquired a product assembly and storage facility in Dubai, United Arab Emirates. The new facility will allow final assembly of the company’s generators and electric motors as well as provide a platform for customer demonstrations. Axial Vector is scheduled to introduce and demonstrate the advantages of its innovative generators when placed in wind turbines at the prestigious Friedland Equities Global Investment Forum which will be held on Monday, October 27, at the Burj Al Arab Hotel in…

TuesdayOct 14, 2008 8:51 am

Ascent Solar Technologies, Inc. (ASTI) Kicks Off Major Expansion

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), created by ITN Energy Systems in 2005 to develop and produce state-of-the-art thin film photovoltaic (PV) modules, has taken a big step toward commercial production. Orders for the building and delivery of production tooling and equipment have now been made, with manufacturing equipment to be in place by the third quarter of 2009. The equipment will be used for layer deposition, encapsulation, and testing, providing an initial 30 MW production capacity for the company’s new manufacturing facility now being completed in Thornton, Colorado. The exciting thing about Ascent is that its solar modules are more…

TuesdayOct 14, 2008 8:48 am

China Gengsheng Minerals Inc. (CHGS.OB) Continues to Make Deals and Sign Sales Contracts

The intermediate materials marketplace is often neglected in favor of the end-product people understand. Most investors just feel more comfortable with their basic understanding of the product they are investing in. What they are missing, however, are the companies that supply the materials and processes needed to manufacture the end-product. Investing in the means to the end can be a lucrative move, if one can find those hidden companies that make the end-product come to life in the first place. China Gengsheng Minerals Inc., an advanced materials manufacturer with corporate offices in the British Virgin Islands, works to manufacture and…

TuesdayOct 14, 2008 7:34 am

3DIcon Corp. (TDCP.OB) Announces its Breakthrough in 3D Imaging; Surpasses Existing 3D Display Technologies

Today before the opening bell, 3DIcon Corp. announced that it has completed its work on a prototype of its proprietary three-dimensional display system CSpace™. This unique technology allows users to view volumetric 3D images from any angle without viewing aids (such as 3D glasses). CSpace is able to instantly project virtually any object in three dimensions. 3DIcon’s technology has reached unprecedented levels of superiority by being the first 360-degree static volumetric 3D display, the first 3D display that does not have mechanical/moving parts, and having the capacity to produce the highest resolution of any 3D technology, capable of rendering a…

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