After barreling through Friday’s session, Power-One Inc. (NASDAQ: PWER) started this week’s trade in the red, slipping 2.5% in the last morning session. The company recently reported a surge in profit for the first quarter as compared to last year, as revenues for the quarter exceeded analysts’ expectations. Richard Thompson, CEO of Power-One said “We [...]
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OTC Stock Review; Lithium Exploration keeps Movin’
Lithium Exploration Group Inc. (OTC: LEXG) is a Scottsdale, Arizona-based company, focusing on the acquisition and development of potential lithium brines and other precious metals that demonstrate high probability for near-term production. The Lithium Exploration stock is climbing in today’s trading, at one point up 5.11% to $5.14, with volume at 3.24 million. In the [...]
YRC Worldwide delivers Slimmer Loss
YRC Worldwide Inc. (NASDAQ: YRCW) reported narrower net loss for the first quarter as compared to the same period last year. The improvements in the results were mainly from its revenue growth in national and regional operations. The company reported first-quarter net loss of $102 million, or $(2.14) loss per share as compared to net [...]
5 Top Advancing Amex Stocks to Know
Polypore International Inc. (NYSE: PPO) reported first-quarter net income of $25.7 million, or $0.55 per share, compared to net income of $17.5 million, or $0.38 per share, in the same quarter a year ago. The stock soared more than 19% in today’s trade. The stock is trading with a volume of 3.27 million compared to [...]
D. Medical slips from High Gains
D. Medical Industries Ltd. (NASDAQ: DMED) shares dropped nearly 7% in today’s trade after a brief morning spike., chipping at yesterday’s 75% gains. The company recently announced it received FDA clearanceto market its Spring Universal Infusion Sets in the United States by its subsidiary, Spring-Set Health Solutions. The Spring Universal Infusion Set is compatible with [...]
Technology Hot Stock; Zoom soars on QCOM Deal
Zoom Technologies Inc. (NASDAQ: ZOOM) and Qualcomm Inc. (Nasdaq: QCOM) today signed a subscriber unit license agreement under which Qualcomm granted Zoom a global, royalty-bearing patent license for developing, manufacturing and selling WCDMA and TD-SCDMA subscriber units. The signing of the agreement spurred 34% gains in ZOOM’s mid-day trading session. China-based Zoom Technologies is engaged [...]
Tech Talk; Power One Slashes Q1 Forecast, shares gain Strength
Power One Inc. (NASDAQ: PWER) lowered its forecast for the first quarter of the year, slashing estimates due to “near-term feed-in-tariff uncertainty in Italy and Germany.” Power One announced that it now expects its first-quarter revenue to be in the range of $240 million and $245 million. The company had earlier provided its forecast in [...]
Semi-Sweet; Intel climbs on Industry Sentiment, Recent Product Launch
Intel Corporation (NASDAQ: INTC) shares are slightly up in today’s trade, moving on bullish sentiment in the semiconductor industry over the Texas Instruments (NYSE: TXN) and National Semiconductor (NYSE: NSM) deal and Intel’s recent launch of its new Xeon E7 line of chips. The Xeon E7 chips will be used for ‘Mission Critical’ server tasks [...]
Vodafone Shares slip on Announcement to Sell $11.3B Stake in SFR
Vodafone Group Plc (ADR) (NASDAQ: VOD) today announced that it reached an agreement to sell its entire $11.3 billion, 44% stake in SFR to Vivendi. As part of the agreement, Vodafone will also receive a final dividend from SFR of €200 million ($284 million) following the completion of the transaction. Additionally, Vodafone and SFR will [...]
Acxiom CEO, CFO Resign, Shares Tumble
Acxiom Corporation (NASDAQ: ACXM) shares plummeted more than 20% after the company announced the resignation of its CEO and president, John Meyer, and that Christopher Wolf also has decided to step down from his position as company CFO in the second quarter. Acxiom said that Meyer’s resignation was effective Monday and gave no reason for [...]
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