September 2008 - Page 31 of 61

TuesdaySep 16, 2008 4:05 am

Wall Street Dives, Ripples Hit Asia, More Waves Expected

Wall Street appeared to give up any illusion of optimism Monday, with the Dow dropping over 500 points, to below 11,000, its biggest one-day point drop since the Monday following 9/11. Fed by what seems to be an endless stream of bad financial news, the bears took a swipe at just about everything (Coca Cola was the Dow’s only positive, hanging on to a .5% gain). Markets in Japan, South Korea, and Hong Kong sank in early trading, while gloomy pundits argued about which financial institution would remain afloat. Although the financial markets have been a weight on Wall Street…

TuesdaySep 16, 2008 4:01 am

Majesco Entertainment Company, Inc. (COOL) Discusses Third Quarter Results and Increases Fiscal Year 2008 Guidance

Majesco Entertainment Company, Inc. (NASD: COOL), a provider of interactive entertainment products, recently announced its financial results from the third quarter of fiscal 2008, ending July 31, 2008. Shares of Majesco Entertainment Company, Inc. (COOL) posted gains late last week after the company announced that net revenues posted a 44-percent year-over-year increase to $14.5 million, translating to $0.02 basic and diluted earnings per share for the quarter, compared to a loss of $0.06 in the same period last year. Additionally, Majesco Entertainment increased its fiscal 2008 full-year net revenue guidance to a range of $58 million to $60 million from…

TuesdaySep 16, 2008 3:59 am

Comarco, Inc. (CMRO) Reports Second Quarter Results

COMARCO, Inc. (NASD: CMRO), through its subsidiary Comarco Wireless Technologies (CWT), a leading provider of products, services, and expertise to the wireless industry, reported its second quarter financial results for fiscal 2009, ending July 31, 2008. Total revenue for the quarter reached $7.6 million, up significantly from revenue of $2.1 million reported during the corresponding period in 2008. The company’s net loss for the quarter totaled $2.1 million, or a loss of $0.29 per share, compared with a net loss of $3.1 million, or a loss of $0.43 per share, during the second quarter of fiscal 2008. The management team…

MondaySep 15, 2008 6:13 pm

Sciele Pharma (SCRX) and Addrenex Pharmaceuticals Announce Analysis of Phase III Clinical Study of Clonicel® for Treatment of ADHD

Sciele Pharma (SCRX), based in Atlanta, Georgia, is a pharmaceutical company founded in 1992. The company specializes in sales, marketing and development of branded prescription products focused on the therapeutic areas of cardiovascular, diabetes, women’s health and pediatrics. Through its focus areas, the company’s products treat health issues such as hypertension, high cholesterol, and Type 2 diabetes. The company and Addrenex Pharmaceuticals recently announced that the preliminary analysis of the Phase III clinical study investigating the use of Clonicel® for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) showed statistically significant improvement over placebo. Addrenex Pharmaceuticals is a specialty pharmaceutical…

MondaySep 15, 2008 6:09 pm

Samson Oil & Gas Ltd. (SSN): Exploring the West for Oil and Gas Treasure

Samson Oil & Gas (SSN) is a developer, explorer and producer of oil and natural gas with projects currently operating in Oklahoma, Texas and Wyoming. The company's Sabertooth Well project in Brazoria County, Texas is worth roughly $13 million to the company, but could eventually be worth exponentially more. Samson has also partnered with energy giant Devon Energy Corp. to form an exploratory unit in Wyoming's Baxter Shale to find natural gas. Samson also has projects in Colorado and North Dakota. Samson shares are actually America Depositary Receipts (ADRs) for an Australia-based holding company. Each ADR represents 20 Australian shares.…

MondaySep 15, 2008 6:06 pm

China Direct Inc. (CDS): Helping Investors Find Their Place in China’s Boom

China Direct (CDS) is a provider of management advice, investment capital, business development services, strategic planning, macroeconomic industry analysis, and financial management services in China. The company also offers business advisory and consulting services. China Direct is, at its core, a play on basic materials, which plays right into China's massive infrastructure boom. The company's three main businesses involve magnesium, basic materials and green technology. China Direct helps small and medium-sized Chinese companies access capital markets in the United States either through acquiring U.S.-based companies or going public on U.S.-based exchanges. For fiscal 2007, the Florida-based company reported profits of…

MondaySep 15, 2008 3:34 pm

September 15th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: ACCY, ACTC, DRGP, ECOI, GCEH, GNBT, GSPG, HJHO, HYTM, ITUI, PLKH, TAGS, TKO Despite fears that problems at Lehman Brothers and AIG could trigger a meltdown in the financial sector, all of the major indices still managed to end the week higher. The Dow closed up 201 points for the week, paring its annual loss to 13.9%. The Nasdaq gained 5 points for the week, reducing its year-to-date return to 14.7%. The S&P ended the week 9 points higher, cutting its yearly loss to 14.8%, and the Russell 2000 added 1…

MondaySep 15, 2008 2:59 pm

Optical Cable Corp. (OCCF) Reports Slight Third Quarter Earnings Decline on 40% Sales Increase

Optical Cable Corporation (OCCF), a manufacturer of fiber optic cables, reported third quarter 2008 financial results this afternoon after the close. Revenues jumped 40.4% to $16.4 million compared to $11.7 million for the same period in 2007. Excluding the impact of the acquisition of SMP Data Communications on May 30, 2008, revenues would have been $13.1 million, demonstrating an organic growth rate of 11.7%. Gross profit increased 31.8% to $6.2 million, up from $4.7 million in the third quarter of fiscal 2007. Net income fell 10% to $482,000, or 8 cents per share, compared to $538,000, or 9 cents per…

MondaySep 15, 2008 2:58 pm

Hybrid Technologies, Inc. (HYBR.OB) – A Pioneer in Lithium-Electric Transportation

Hybrid Technologies, Inc. (OTCBB: HYBR) has been actively engaged in the application of lithium-electric transportation since their creation in 2000, which has been changing the way people view sustainable automobiles, choppers, and virtually every other form of transportation. Having developed their innovative after-market conversion system, Hybrid Technologies became one of the first companies to provide a fully-electric vehicle that produces zero emissions and is 100% lithium-powered. Every vehicle that Hybrid Technologies develops is equipped with the company's proprietary Battery Management System (BMS). The system constantly monitors the vehicle's battery pack for voltage, temperature, and charge balancing, keeping track of as…

MondaySep 15, 2008 1:27 pm

Quantum Fuel Systems Technologies Worldwide Inc.’s (QTWW) German Partner Saddles up with South Korean High-Volume Manufacturer

Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW), a fully integrated alternative energy company, today released word its German solar photovoltaic partner, Asola, has signed a deal to establish a joint-venture manufacturing plant in South Korea. The partnership will allow the company to produce and distribute its German-designed solar modules in South Korea through Q&Tech/Yongsan Inc., a high-volume manufacturer of automotive components for the global automotive industry. "I look forward to a long and mutually beneficial relationship with our partner in Korea," Reinhard Wecker, the founder and CEO of Asola stated in the press release. "Our strategy is to associate…

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Month: September 2008