April 2008 - Page 3 of 74

WednesdayApr 30, 2008 9:58 am

Angiotech Pharmaceuticals, Inc. (ANPI) Adjusts for Remainder of 2008

Angiotech Pharmaceuticals (ANPI), a global specialty pharmaceutical and medical device company, announced its financial results for the first quarter 2008. Angiotech reported a $3.9 million loss for the first quarter, which equals a 5 cent loss per share. Analysts had projected a loss of 3 cents per share. Angiotech made a number changes in their internal control systems to strengthen their financial reporting process and reduce the incidence of errors. The weakness in the process was described in the March 13, 2008 release that announced the company’s 2007 year-end financial results. Angiotech has engaged a large public accounting firm to…

WednesdayApr 30, 2008 9:56 am

PTS Inc. (PTSH.OB) Forms New Subsidiary to Strengthen U.S. and Chinese Ties

PTS Inc. (OTCBB: PTSH) today announced it has formed PTS Group Ltd. as a new subsidiary company in Hong Kong, China. PTS Inc. will designate Glove Box Inc. into the subsidiary, as a subsidiary. Management is finalizing negotiations for a Letter of Intent for a Joint Venture or acquisition of the medical equipment company. The proposed endeavor will allow PTS Inc. to further develop and market Glove Box alongside its existing medical equipment product lines. PTS Group will follow Hong Kong Companies Ordinance regulations, and will be compliant with the rules and regulations of the U.S. Securities and Exchange commission…

WednesdayApr 30, 2008 9:52 am

CEVA, Inc. (CEVA) Grows by Leaps and Bounds in '08

CEVA bills itself as a leading licensor of Silicon Intellectual Property (SIP) platform solutions and Digital Signal Processor (DSP) cores for consumer mobile-electronics. Yesterday, CEVA, Inc. reported first quarter financial results which stand to push it further toward success in the Intellectual Property sector. From the beginning of January until the end of March, the company recorded over $10 million in total revenue; 30 percent higher than the $7.7 million attained in the first quarter of 2007. CEVA's royalty revenue (commonly associated with IP licensing) reached an all-time high of $3.7 million, and earnings from services also showed a significant…

WednesdayApr 30, 2008 9:50 am

Global Roaming Distribution, Inc. (GRDB.OB) Responds to Industry's Call for Innovation

Today's telecom firms are subject to far greater rivalry than anything previously experienced. More than 60 percent of technology executives admit to the disruption caused by the entry of new competition that boasts more up-to-date products and services. Even the largest network carriers can be outdone by a company with a solid idea. That's where Global Roaming Distribution comes into play. Through its CelTrek subsidiary, Global Roaming is pushing the envelope in creating freedom for cell users everywhere. They are causing large carriers to re-assess the plausibility of continuing to offer traditional roaming solutions. As any international traveler can tell…

WednesdayApr 30, 2008 9:35 am

Angstrom Microsystems, Inc. (AGMS.OB) to Present at Boston’s Corporate Forum Luncheon

Angstrom Microsystems (AGMS.OB), a systems company providing custom server solutions and services, will be the main speaker at a luncheon presentation coordinated by the Corporate Forum on May 1, 2008. The luncheon will be held at the Langham Hotel in Boston, Massachusetts at noon. The Corporate Forum is an organization that provides companies with a platform to speak to a large cross-section of professionals in the investment community. Typical audiences to the Corporate Forum range from 25 to 100 and include registered representatives, institutional portfolio managers, independent money managers, and buy/sell side analysts. The Corporate Forum meetings are organized and…

WednesdayApr 30, 2008 8:44 am

North Bay Resources Inc. (NBRI.PK) Signs LOI for Coronation Gold-Silver Property Joint Venture

North Bay Resources Inc. announced today that it has signed a Letter of Intent ("LOI") with Drake Gold Resources Inc. ("Drake") to formalize a joint venture agreement for the exploration of North Bay's recently announced Coronation Property near Slocan in southeastern British Columbia. The Coronation Property covers 103 acres over several reverted crown grants and includes three past-producing mines; the Colorado, the V&M, and the Senator mines, in addition to the Coronation. Primary mineralization is gold, silver, zinc, and lead. According to BC MINFILE 082FNW162 and Assessment Report 18603, the Coronation Property was reported to have past-production of as much…

WednesdayApr 30, 2008 7:21 am

Genetech Inc. (DNA); Biogen Idec Inc. (BIIB) – Promising Drug Falls Short

The drug Rituxan, which is marketed by both Genetech Inc. (DNA) and partner Biogen Idec Inc. (BIIB), has failed to make any headway in the fight against lupus, a disease affecting the immune system and targeting more than one million Americans each year. There has never been much progress toward a cure, and some felt that Rituxan would be that miracle. The medication is already approved as a treatment for rheumatoid arthritis and some types of cancer, but the hope - that Rituxan might be effective against lupus - has fallen through. While the companies realize the serious challenges in…

WednesdayApr 30, 2008 7:17 am

HotOtc Featured Company: Hasbro Inc. (HAS) Eagerly Awaits the Opening of Ironman Movie with Full Action Figure Line

Offering consumer products that have a short life cycle is a tough business. The fickle nature of the customer means that the company has to have a quick-reaction team in place to respond to whatever trend may pop up without notice. If, however, a company can develop a solid revenue stream that has a predictable nature, it will be able to dabble and grow in areas where these kinds of "betting rights" can mean great gains. Hasbro Inc., a game and toy designer, manufacturer and marketer, offers a broad and balanced program of toys and toy-related programs to the marketplace.…

WednesdayApr 30, 2008 7:07 am

3Com Corp. (COMS) Has a New CEO

3Com Corporation (NASDAQ: COMS) announced yesterday that the company's board of directors has appointed Robert Mao as the new Chief Executive Officer. He is replacing Edgar Masri, who is leaving the company. Mao will continue to serve on the company's board. 3Com also hired Ronald Sege as President and Chief Operating Officer and appointed him to the board effective today. “We wish to thank Edgar for his leadership and contributions to 3Com," said Chairman of 3Com's Board of Directors, Eric Benhamou. "Edgar helped the company through a challenging period and helped us make progress on a number of fronts, including…

WednesdayApr 30, 2008 6:53 am

GSI Commerce Inc. (GSIC) Collaborates With Clients for Success

GSI Commerce Inc. believes working closely with partners to formulate e-commerce solutions is the key to growth for both entities. They know they will succeed only when they have met their partner’s e-commerce needs exactly. GSI is a provider of these e-commerce solutions for retailers, branded manufacturers, entertainment firms, and professional sports organizations. GSI Commerce, formerly known as Global Sports Inc. has headquarters in King of Prussia, Pennsylvania. They have a market capitalization of $649.6M and list on NASDAQ. Some of the businesses they collaborate with are Major League Baseball, the Houston Texans of the NFL, iRobot, Bath and Body…

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Month: April 2008