Blog - Page 4422 of 5713

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…

FridayOct 24, 2008 10:56 am

Weststar Financial Services Corp. (WFSC.OB) Reports Record Assets

Weststar Financial Services Corporation (WFSC.OB), a holding company for the Bank of Asheville, North Carolina, has reported record consolidated assets of over $193 million, as of September 30, 2008, a 13% increase over the same date figure for 2007. Total loans grew 21% from a year ago, to over $157 million, with deposits growing 14% to over $166 million. Shareholder equity increased by 9% to $15.8 million. In addition, asset quality remained strong for Weststar, displaying continued improvement, with the ratio of non-performing loans to total assets decreasing over the past year, further indicating that the bank’s traditionally conservative policies…

FridayOct 24, 2008 10:54 am

Elephant Talk Communications, Inc. (ETAK.OB) To Offer Advanced Multimedia

Elephant Talk Communications, Inc. (ETAK.OB), telecommunications and content services provider, today announced plans to expand their telecommunication services offerings through the use of converged multimedia services, providing enhanced voice and video communications through mobile phone and Internet connections. The company calls it an important step in the development of converging multimedia applications. The move is made possible through the combined technical support of Quentris, Belgium based network technologies company, and Dilithium, California based mobile video leader. Elephant Talk customers, primarily the business-to-business community within the telecommunications market, will be offered a range of new services, including multimedia communications, interactive voice…

FridayOct 24, 2008 8:02 am

Should Dollar Thrifty Automotive Group Inc. (DTG) be on Your Shopping List?

The recent downturn in the market has created incredible opportunities. Smallcap stocks that were trading for more than $15 a share are now headed toward sub-dollar territory. Of course some of these companies have incredible amounts of debt with little cash in the bank and a bleak future, but there are those who have also seen their stock price hammered even though they have good liquidity and maintain steady profits. Those who will gain the most from the market's inevitable rebound will be investors who carefully chose companies that are able to weather the storm without getting bruised or broken.…

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