Blog - Page 4984 of 5436

ThursdayAug 09, 2007 7:15 pm

Theater Xtreme up 40 Percent

Share prices for home theater projection retailer Xtreme Entertainment Group Inc. (OTCBB: TXEG) was up an impressive 40 percent today, spurred on by a recent company expansion summary written by Xtreme Entertainment CEO Scott Olgum. "Theater Xtreme is a progressive company that continues to meet important expansion targets while remaining highly differentiated in the consumer electronics retail segment," Olgum said in his letter. "Thousands of Theater Xtreme cinema rooms are in the homes of middle-income Americans. Our customers have lived in their homes for an average of five years, and have an approximate home value of $500,000. We add more…

ThursdayAug 09, 2007 7:14 pm

Cyberkinetics Up on Negative News

Share prices for Cyberkinetics Neurotechnology Systems Inc. (OTCBB: CYKN) were up 12.5 percent today, apparently bolstered by the company’s recent second quarter financial results. According to the financials, total revenues for this quarter were at $439,000, down $32,000 from the previous year’s second quarter revenues of $471,000. Although the revenues were down year over year for the second quarter, for the first half of the fiscal year 2007 the company has generated $80,000 more dollars in revenues. This will help the company get on track to increase yearly revenues for the second year in a row. Grant revenue fell as…

ThursdayAug 09, 2007 7:13 pm

Caliper Releases Second Quarter Results and Guidance

Financial reports are still trickling in for the first half of the fiscal year 2007. Caliper Life Sciences Inc. (NASDAQ: CALP), a leading provider of equipment for preclinical drug research, announced its second quarter results for 2007. Revenues for Caliper were up 45 percent year over year in the second quarter to $35.3 million. The generated revenues for this quarter were able to out-perform the guidance levels set between $30 and $35 million. Compared to the prior quarter, revenues were up about 24 percent as the first quarter generated $28.44 million. "In addition to our revenue initiatives, we are encouraged…

ThursdayAug 09, 2007 7:12 pm

PURE Teams Up with Swabplus to Tackle China

Shares of PURE Bioscience (OTCBB: PURE) jumped up today after news about its distribution agreement with Swabplus came out earlier this morning. In early trading today, PURE was up 17 cents (5 percent) to $3.47 per share. PURE announced in a press release that it has granted a license to market and sell its patented silver dihydrogen citrate (SDC)-based hard surface disinfectant in China, Hong Kong and Taiwan to privately held Swabplus Inc. "We are excited about the opportunity to introduce SDC into Asia as a more effective alternative to traditional poisonous disinfectants and a powerful weapon against dangerous pathogens…

ThursdayAug 09, 2007 7:11 pm

SEC Announces Settled Enforcement Action

The Securities and Exchange Commission (SEC) is certainly sticking to its promise on being tougher on offenders this year. This morning, the SEC announced that a settled enforcement action had been placed against MetLife subsidiary General American Life Insurance Company (GALIC) and former GALIC senior vice president William Thater for their roles in a late trading scheme back in 2002. According to the announcement, Thater entered into a written agreement that gave a New York family - no name was mentioned in the article - exclusive late trading privileges in mutual funds supporting the private placement life insurance policies this…

ThursdayAug 09, 2007 7:10 pm

Gigabeam Continues Global Expansion

Gigabeam Corporation (NASDAQ: GCBM) continues to expand globally, this time making a move to penetrate the Caribbean Market to service its primary bank network. The company’s stock price rose significantly this morning after investors had time to react to the news. During morning trading the stock price soared to its current price of $5.88, which is up 83 cents from its opening price. "We are very pleased to announce this milestone order from a large bank that is known for offering a high standard of banking services," Louis Slaughter, Chairman and Chief Executive Officer of GigaBeam, said in a statement.…

ThursdayAug 09, 2007 7:08 pm

Early Movers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released some sort of news late yesterday evening or early this morning: Biomedical technology company Biophan (OTCBB: BIPH) announced this morning it has entered into an acquisition agreement with Medtronic Inc. (NYSE: MDT) for $11 million. Per the agreement, Medtronic will acquire Biophan's MRI safety patents, such as pace makers; the deal is expected to close in the next…

ThursdayAug 09, 2007 7:07 pm

TXU Profits Fall as Buyout Looms

Most of us in Texas are enjoying the abnormally cool weather that has graced us during a period in which we are usually already looking for a way out of the summer heat box. There are, however, a few people who are happy to see that hot weather is finally approaching. For electric companies relying on consumers to crank up their air conditioners, the first few months of summer have been a disappointment. For TXU (NYSE: TXU), the unusual weather in Texas couldn't have come at a worse time, as they are on the fringe of a buyout. The company…

ThursdayAug 09, 2007 4:38 pm

Axial Vector Engine Corp. (AXVC.OB) is One to Watch as Stock Price Increases 42.86%

Axial Vector Engine is a publicly traded company that owns, develops, and licenses revolutionary internal combustion engine and electric power generator technologies for use in automotive, power generation, appliance, and military application. The company employs its patent-pending "axial flux" engine and generator set (GENSET) technologies to produce highly efficient, cost-effective, and environmentally sensitive multi-fuel engines and motors that are scalable across a wide range and that can serve in both mobile and fixed-location settings. Axial Vector Engine is currently finalizing the development and testing of its first axial flux engine and GENSET combination, and intends to begin deployment of these…

ThursdayAug 09, 2007 1:04 pm

Morning News Thursday August 9th 2007

General News: - U.S. stocks followed European markets lower after losses tied to subprime mortgages spread through credit markets, threatening earnings at banks and brokerages. - Treasuries rose, led by short- maturity notes, after European money market rates surged and the European Central Bank said it would provide unlimited funds at a below-market rate of 4 percent to avert a liquidity crisis. - First-time claims for jobless benefits rose last week to a level that still indicates strength in the labor market. - July sales at Wal-Mart Stores Inc. and J.C. Penney Co. exceeded analysts' estimates while those at apparel…

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