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FridaySep 26, 2008 4:02 am

Tetra Technologies, Inc. (TTI) Withdraws Previous Earning Guidance Statements Due to Impact of Hurricanes Gustav and Ike

Tetra Technologies, Inc. (TTI), an oil and gas services company, announced recently it has withdrawn its previous 2008 earnings guidance of $1.30 - $1.55 per share. According to Geoffrey M. Hertel, president and chief executive officer, the impact of hurricanes Gustav and Ike have created significant downtime in the company’s Well Abandonment & Decommissioning (WA&D) Services and Maritech and Fluids businesses. Additionally, Hurricane Ike destroyed three platforms that have direct implications for Maritech’s production operations. WA&D Services, Maritech and offshore Gulf of Mexico Fluids operations have essentially been curtailed since August 30. The company did not incur any significant damage…

FridaySep 26, 2008 3:58 am

HLS Systems International, Ltd. (HOLI) Reports Fourth Quarter Profits Quadruple

HLS Systems International, Ltd. (HOLI), a provider of automation control systems to the nuclear, rail, and industrial markets in China, reported fourth quarter and full fiscal year 2008 financial results yesterday afternoon after the close. Revenues in the quarter fell slightly to $31.9 million from $33.6 million in the same period last year, and were impacted by the earthquake that struck Sichuan Province in May. Net income soared 414% to $6.3 million, or 14 cents per share, compared to $1.2 million, or 4 cents per share. For fiscal 2008, revenues rose 19.3% to $121.5 million, from $101.9 million in 2007.…

ThursdaySep 25, 2008 3:57 pm

Aehr Test Systems (AEHR) Reports Q1 2009 Increase in Sales and Earnings

Aehr Test Systems (AEHR), a supplier of semiconductor test and burn-in equipment, announced financial results for the first quarter of fiscal 2009 this afternoon after the close. Revenues rose to $9.7 million, an increase of 27% from $7.7 million for the same period of fiscal 2008. Income from operations was $1.4 million, an increase of 89% from $717,000 a year earlier. Net income rose 21% to $865,000, or 10 cents per share, compared to $717,000, or 9 cents per share last year. The smaller increase in net income relative to the rise in operating income is a result of a…

ThursdaySep 25, 2008 12:45 pm

Banneker, Inc. (BANI.PK) is “One to Watch”

Headquartered in Denver, Colorado, Banneker, Inc. is a manufacturer and distributor of quality watches and fine jewelry. Trading on the Pink Sheets, the company bases their products on the legend of Benjamin Banneker. Benjamin Banneker made the first fully assembled clock in America, entirely out of wood. In honor of him, Banneker Inc. makes all of their timepieces featuring luxury woods. The wood types they use include ebony, Zebra, Cocobola, Padvk Red, Purple Heart and several others. Banneker, Inc.'s Esteem Enterprises, a wholly-owned subsidiary, has teamed with Jostens, Inc. and created the first urban line of graduation jewelry and class…

ThursdaySep 25, 2008 12:35 pm

Move Inc. (MOVE) Reports Strong Site Traffic for Online Home Shopping

Looking for a new home can be a daunting and a gas-guzzling task, to say the least. Realtor.com makes it easy, offering potential home buyers an online shopping outlet with thousands of property listings to browse through, as well as access to brokers and agents. Operated by Move Inc. (Nasdaq: MOVE), Realtor.com is the official Web site for the National Association of Realtors. About 7.7 million people visit Move.com’s online network of Web sites to find information on new homes, rental listings, moving, home and garden, and finance. According to comScore Media Metrics statistics for August, more people visit Realtor.com…

ThursdaySep 25, 2008 12:33 pm

Extreme Networks Inc. (EXTR) Teams with Ixia (XXIA) to Offer Enhanced Communication Solutions

Extreme Networks Inc. (Nasdaq: EXTR) provides Ethernet networking solutions for enterprise and service providers operating in more than 50 countries. The company today announced an agreement with Ixia (Nasdaq: XXIA), a global provider of IP performance test systems, in which the two companies will work together to integrate their products to boost post-deployment service verification. The arrangement calls for the integration of Extreme Networks’ Ethernet switch platforms and the ExtremeXOS modular operating system with Ixia’s IxRave Converged Service Verification Solution. The companies believe the combination of features of all systems involved will benefit enterprise users with visibility and insight created…

ThursdaySep 25, 2008 12:27 pm

Performance Health Technologies, Inc. (PFMH.OB) is Bringing Benefits to Patients and Medical Professionals with Their Core:TX® Therapy Tool

Over the past nine years, the medical staff and computer experts at Performance Health Technologies, Inc. (PFMH) have collaborated to create an advanced software and medical technology program called MotionTrack™, the company's versatile proprietary technology platform. This innovative technology is the core of Performance Health's device and computer software system that tracks and monitors motion and movement in real-time, ultimately providing instant visual feedback to the user and medical professionals. From MotionTrack came Core:Tx®, a therapy tool that is continuing to gain interest from orthopedic surgeons and neurologists, occupational therapists and physical therapists, as well as speech pathologists. The Core:Tx®…

ThursdaySep 25, 2008 12:09 pm

Few Difficulties Remain for Bailout’s Passing

Despite an outpouring of complaints from their respective constituencies, lawmakers' confidence in the progress of talks over the proposed bailout plan seems to be growing this Thursday. Even Senator Chris Dodd of Connecticut, who vehemently opposed the bill during early negotiations stated: "We are very confident that we can act expeditiously." Bipartisan agreement is very close to being reached, as congressmen expect to have a solidly revised plan to present to the administration within the next few days. This has led to the wide belief that a vote on the issue is very close at hand. Let us hear your…

ThursdaySep 25, 2008 12:08 pm

Bailout Opposition Materializes in the Form of Protest

According to organizers at TrueMajority.com, 220 bailout protest events have been planned in over 30 states by citizens who believe that a taxpayer bailout of Wall Street should be out of the question. Grassroots advocacy group UsAction is at the forefront of these protests, citing that the majority of Americans, whether they understand the problem or not, are just saying no. The group's program director Alan Charney stated: "The people we entrusted to run our economy have failed us. We can no longer trust them to get us out of this financial mess." Even as lawmakers move closer to an…

ThursdaySep 25, 2008 12:07 pm

Unemployment Reaches 7-Year High

The highest number of jobless claims in the U.S. since November of 2001 was reported last week as the economy faltered and the aftermaths of Hurricanes Ike and Gustav continued to be felt. For the week ending September 20th, new requests for unemployment benefits surged to 493,000, nearly 50,000 more than what analysts had expected. This marks the tenth straight week of claims numbering more than 400,000, a figure that many economists consider to be indicative of a recession. Let us hear your thoughts below:

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