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SaturdayOct 25, 2008 5:11 am

Listen to Warren Buffett – One Reporter’s Opinion

The media’s reaction to the latest letter from Warrren Buffett has been nothing short of distasteful. Warren’s sage-like advice last week saying that he’s personally investing in U.S. companies has been discredited by news reporters across the country; basically by stating that he is crazy for saying that there’s a silver lining to this catastrophe. Reporter Andrew Carpenter asks this simple question, “If Warren Buffett were sitting in your living room having coffee and playing bridge with you and, say, financial guys from FOX News, CNBC and the Internet, whose investment advice would you take?” Andrew Carpenter goes on to…

SaturdayOct 25, 2008 5:11 am

Active Power, Inc. (ACPW) Reports Record Revenues for Q3 2008

Active Power is poised to become a leader of battery-free uninterruptible power solutions to meet the global demand for critical backup power. Active Power's CleanSource is an integrated flywheel motor-generator that stores kinetic energy in its constantly spinning, quiet, low-friction steel disc. Stored energy from the flywheel is instantly converted to electricity and powers the critical load during utility disturbances, or until a standby generator takes over. This unique innovation really has proven the company’s core strengths. During the quarter, the Company shipped their 2,000th flywheel, representing more than 500 megawatts of delivered power to customers. Revenue for the third…

SaturdayOct 25, 2008 5:11 am

Airspan Networks, Inc. (AIRN) Held Official Ceremony to Present WiMAX to Russian and Armenian Presidents

Wi-Fi standards, and more recently, WiMAX standards have firmly placed broadband wireless technology in centre stage. Wireless broadband is no longer a niche technology used when the wired solutions are not available, but an attractive solution in its own right that can deliver services and solutions the alternatives cannot. As more companies jump onto the wireless broadband market, Airspan Networks is already ahead of the game. By combining WiMAX and Wi-Fi, Airspan products have been paving the way for citywide mobile broadband using innovation and practical real-world solutions. An official ceremony was held in Yerevan, the capital of Armenia, to…

SaturdayOct 25, 2008 5:11 am

Vimicro International Corp. (VIMC) Announces Stock Repurchase Plan

The growing demand for mobile, multimedia content and communications has led to advances in hardware and software technology enabling sophisticated functions to be incorporated into electronic products, such as PCs, mobile phones, home entertainment systems and other devices. Knowledge at your fingertips has been so attractive to consumers that it has sparked massive demand for multimedia-enabled PCs and mobile phones. Vimicro enables multimedia applications for mobile phones over 2.5G/3G networks and PCs over broadband Internet. Vimicro’s Board of Directors approved a stock repurchase plan by which Vimicro may repurchase up to $25 million of its American Depository Shares (ADSs). The…

SaturdayOct 25, 2008 5:10 am

Cirrus Logic, Inc. (CRUS) Announces Second Quarter Financial Results – CEO Expects Revenue Growth in the Third Quarter

Cirrus Logic, Inc. (NASD: CRUS), a supplier of analog and DSP chip products for consumer entertainment electronics, recently released its financial results for the second quarter of fiscal year 2009 ended September 27, 2008. Revenue for the second quarter reached $53.3 million, a 13 percent year-over-year increase compared with $47.0 million during the second quarter of fiscal year 2008 and a 21 percent gain over the previous quarter. The company’s shares traded higher after the earnings announcement. Net income for the second quarter totaled $0.10 per share versus $0.03 per share in the second quarter of 2007. Cirrus Logic’s senior…

FridayOct 24, 2008 11:45 am

Performance Health Technologies, Inc. (PFMH.OB): Offering Rehabilitation to Stroke Victims

Implementing its highly-advanced Core:Tx® neuromuscular training system, Performance Health Technologies evaluates and treats stroke victims, as well as individuals struggling with a wide range of neurological disorders. Core:Tx® is the ultimate in rehabilitation technology, working both as a physical therapy aid and a next-generation biofeedback analysis tool. Comprised of a hardware and software system, the Core:Tx® platform is wirelessly connected to the patient, and monitors in real-time, the position and movement of selected areas of the body. Patients already benefitting from this ingenious recovery-aid platform include those with nervous system damage from stroke, MS, tumors, and brain injury due to…

FridayOct 24, 2008 11:38 am

Greenspan Under Fire

Former Federal Reserve Chairman Alan Greenspan, the man who many have blamed for the current financial crisis, appeared before the House Oversight Committee on Thursday enduring a barrage of questioning from lawmakers. Greenspan, who was once lauded as the nation's premier authority on monetary policy, was all but attacked by incensed legislators. Committee chairman Henry Waxman ignored Greenspan's explanations stating: "You had the authority to prevent irresponsible lending practices that led to the subprime-mortgage crisis. You were advised to do so by many others. And now our whole economy is paying its price." Let us hear your thoughts below:

FridayOct 24, 2008 11:37 am

OPEC Makes Expected Cuts

As anticipated, the Organization of Petroleum Exporting Countries (OPEC) announced Friday that it will decrease oil production by 1.5 million barrels a day, due to a recent alarming reduction in demand. Despite news of the cut, light, sweet crude for December delivery fell $3.24 to $64.60 a barrel on the NYME. OPEC officials made it known that they were prepared to make further cuts if oil prices continue this rapid downward trend. Let us hear your thoughts below:

FridayOct 24, 2008 11:36 am

Stocks Fall Amid Continued Worries

Stocks were mostly down around the world on Friday as more and more individuals came to grips with the fact that we are indeed facing conditions indicative of a looming global recession. Another round of disheartening quarterly reviews and forecasts had the Dow dropping 400 points, though it was a small dive compared to what was expected by some on Wall Street. Superstitious as it may be, many investors can't help but remember that the 79th anniversary of the infamous stock market crash of 1929 (which later became known as Black Monday), is just four days away. Let us hear…

FridayOct 24, 2008 10:59 am

California United Bank (CUNB.OB) Posts Positive Q3 Results Despite Financial Storm

The markets took another dive this morning on fears of a global recession. Despite the saturation of negative news, some financial institutions are weathering the storm with organic growth and continuous solid loan service. California United Bank (OTCBB: CUNB) today announced positive third-quarter results for 2008, a continuance of previous positive financials reflecting the company’s consistent growth, profitability and loan quality. The company posted earnings at $2.51 million, or 50 cents per diluted share, as compared to $2.64 million for the same period last year. "We would be satisfied with these results in any economy," David I. Rainer, president and…

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Listen to Warren Buffett – One Reporter’s Opinion

Active Power, Inc. (ACPW) Reports Record Revenues for Q3 2008

Airspan Networks, Inc. (AIRN) Held Official Ceremony to Present WiMAX to Russian and Armenian Presidents

Vimicro International Corp. (VIMC) Announces Stock Repurchase Plan

Cirrus Logic, Inc. (CRUS) Announces Second Quarter Financial Results – CEO Expects Revenue Growth in the Third Quarter

Performance Health Technologies, Inc. (PFMH.OB): Offering Rehabilitation to Stroke Victims

Greenspan Under Fire

OPEC Makes Expected Cuts

Stocks Fall Amid Continued Worries

California United Bank (CUNB.OB) Posts Positive Q3 Results Despite Financial Storm

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