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TuesdayMar 11, 2008 4:53 am

Extreme Networks, Inc (EXTR) Announced General Availability of its Provider Backbone Bridging Solutions (PB-TE)

Extreme Networks, an Ethernet infrastructure solutions company, announced its release of Provider Backbone transport solutions that reach from edge-to-core. Partnering with Soapstone Networks, Extreme will discourse the needs of the growing market with the inclusion of new software and hardware. Tom Nolle, President of CIMI Corporation commented, “We found four of en service providers either trialing or planning trials for PBT in 2006. By January 2007, that went to six of ten, and in May to eight of ten. By the end of 2007, it was ten of ten. Extreme Networks® PBB-TE solutions position them well to take advantage of…

TuesdayMar 11, 2008 4:51 am

TriQuint Semiconductor Inc. (TQNT) Announces Agreement to Acquire WJ Communications (WJCI)

TriQuint Semiconductor, founded in 1985, supplies high-performance radio frequency (RF) modules, components and foundry services to the world’s leading communication companies, and WJ Communications, Inc, a leading provider of RF solutions serving multiple markets targeting wireless communications, RF identification, WiMAX, and RF power solutions, announced a definite agreement for TriQuint to obtain WJ. The agreement states that TriQuint will obtain by merger all outstanding shares of WJ for $1 per share with an approximate purchase price of $72 million. This agreement excludes one-time charges. TriQuint expects the earnings to be neutralized during fiscal year 2008 and to naturally increase after.…

TuesdayMar 11, 2008 4:26 am

COTT Corporation (NYSE:COT) Files Form 12b-25

On February 27, 2008, Cott Corporation (NYSE:COT; TSX:BCB), one of the world's largest retailer brand soft drink providers, filed a Form 12b-25 notifying the U.S. Securities and Exchange Commission that it is unable to meet the February 27, 2008 deadline to file its Annual Report for the fiscal year ended December 29, 2007. The Company anticipates filing its Form 10-K on or before March 13, 2008. The Company is unable to file its Form 10-K by the deadline because it requires additional time to complete the preparation of its consolidated financial statements and its assessment of the Company's internal control…

MondayMar 10, 2008 5:44 pm

Sharpeyed.com Initiates Speculative Rating of 1 on Gencor Industries, Inc. (GENC) – Their Highest Level of Confidence

Gencor Industries, Inc. (NASDAQ: GENC), a diversified heavy machinery manufacturer for the production of highway construction materials, synthetic fuels and environmental control machinery, recently received a speculative rating of 1 from Sharpeyed.com – their highest level of confidence. Gencor Industries is in the process of expanding its Orlando-based operations with the addition of approximately 85 new workers along with several strategic acquisition plans. In fact, the company recently received $15.3 million in synthetic fuels investments to facilitate their growth initiatives. With earnings of $1.36 last quarter alone, Gencor Industries is perceived by Sharpeyed as undervalued at its current stock price.…

MondayMar 10, 2008 3:50 pm

Rudy Nutrition (RUNU.PK) Establishes Agreements Aimed for Success

Rudy Nutrition has formed strategic relationships with the Canteen Franchise Group and Vistar Corp. to promote its “new age” beverage line created by Daniel “Rudy” Reuttiger. The company has also secured distribution and sales in all 50 states, overcoming one of the biggest hurdles for start-up companies. According to the company’s Web site, utilizing Canteen’s presence as the only national vending operating company in the U.S., Rudy Nutrition will have the largest sales force in the nation. Canteen operates 150 branches, 18,500 client sites, and serves more than five million customers each day. The company has accumulated corporate customers such…

MondayMar 10, 2008 3:41 pm

Bad News Compounded

If you think negative-reverse-compounding might be a new term to express your investing returns recently, you might be right. Given the plethora of bad things happening to what people believed only a few months ago were such good markets, it’s no wonder people wonder. Just last week we saw the deposal of CEOs, particularly Angelo Mozilo, late of Countryside Financial (NYSE: CFC) and Chuck Prince, former Citigroup (NYSE: C) head honcho. The cliffhanger—or maybe not—is that the FBI, according to a Fortune online report, is rumored to be ready to begin investigating what went on at Countrywide. And why not?…

MondayMar 10, 2008 3:17 pm

March 10th CEOcast Weekly Newsletter

In another ugly week for the broader market, the Dow Jones Industrial Average fell by 373 points, adding to a year to date loss that is now 10.3%. The Nasdaq continued its slide with a loss of 59 points, and a dismal year to date loss of 16.6%. The S&P 500 fell 2.8% or 37 points, weighed down by a host of concerns regarding the lack of liquidity in the municipal bond and secondary mortgage markets, bringing its year to date loss to 11.9%. The Russell 2000 lost 26 points for the week, increasing its year to date loss to…

MondayMar 10, 2008 1:00 pm

Art Tech Group (ARTG) Upgraded by Roth Capital Research Firm

Roth Capital research firm today upgraded Art Tech Group (NASDAQ: ARTG), citing a target price of $4 per share. ATG manufactures Web marketing and e-commerce software for more than 300 Internet retailers around the world, helping them attract prospects, make the sale and provide customer care. Massachusetts-based ATG was founded in 1991 and is quickly emerging as a leader in Java-based Internet technologies. The company made its Initial Public Offering in 1995 and began trading on NASDAQ under its current symbol, ATRG. Nine years later, having established itself as a competitive player in the software application industry, ATG acquired Primus…

MondayMar 10, 2008 12:55 pm

OTCStockexchange.com Featured Company: Mega Media Group Inc. (MMDA.OB) Signs Multi-Year Agreement

Mega Media Group Incorporated announced that its radio broadcasting division, Echo Broadcasting Group, has signed a multi-year contract for station-specific custom Portable People Meter listening estimates for “Pulse 87 FM,” (WNYZ-LP). WNYZ-LP broadcasts on the audio portion of a low-power television station on VHF channel 6. Also announced today was the news that MMDA has signed an agreement to license standard syndicated Portable People Meter radio ratings services for the New York Metro. These agreements will take effect when Arbitron commercializes the new audience ratings technology in New York. They allow Mega Media Group to use both the monthly WNYZ-LP…

MondayMar 10, 2008 10:46 am

Rudy Nutrition (RUNU.PK) Anticipates $10 Million in Sales in Three Years

After reaching his goals on the Notre Dame University football field, Daniel “Rudy” Ruettiger still maintains his “Dream Big! Never Quit” attitude through his creation of Rudy Nutrition (Pink Sheets: RUNU). Blue Fuel, Fruit Punch Blast, Citrus Slam and Orange Lift comprise the “Rudy” line of “new age beverages” packed with vitamins, electrolytes, carbohydrates and xylitol. For the last three years, Rudy Nutrition has worked to improve its bottling, labeling and advertising means. It has also established agreements with services company Vistar, and the Canteen Franchise Group to magnify its distribution and sales force. Utilizing its agreements with Canteen and…

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