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Quinstreet Inc ( NASDAQ:QNST) : Company has reported quarterly results. If we see the details quarterly earnings continuously improved YoY. It has washed off negative sentiment on the stock due to the downgrade from Needham and Company from "strong buy" to "buy" due to moderate business from financial services clients. Stock of the company jumped more than 14% in after hours trade. It might be a play for tomorrow's trade. Read More

JDS Uniphase Corp ( NASDAQ:JDSU ): Company reported quarterly results that has improved from loss to profit on YoY basis, also improved quarterly profit on QoQ basis. It had issued a quarterly guidance in line with expectations. Stock was up more than 9% in after hours trade. Read More

Smith Micro Software Corp: ( NASDAQ: SMSI): Company's quarterly performance is worsening as company reported less profit for the quarter ended in march on YoY basis also, Q2 guidance below analysts' expectations, that push the stock down more than 9% in after hours trade. Read More.

First quarter gross profit on a GAAP basis was $14.0 million, compared to $26.1 million reported in the first quarter of 2010. On a non-GAAP basis (which excludes amortization of intangibles and stock compensation), first quarter gross profit was $15.3 million, compared to $27.6 million for the same quarter last year.

GAAP gross profit as a percentage of revenue was 78.8% for the first quarter of 2011, compared to 87.5% for the same quarter last year. Non-GAAP gross profit as a percentage of revenue was 86.0% for the first quarter of 2011, compared to 92.6% for the same quarter last year primarily due to our lower revenue.

GAAP net loss for the first quarter of 2011 was $7.8 million, or a loss of $0.22 per share, compared to GAAP net income of $1.6 million, or $0.05 per diluted share, for the first quarter of 2010.

Non-GAAP net loss for the first quarter of 2011 was $4.7 million, or a loss of $0.13 per share, compared to net income of $6.2 million, or $0.18 per diluted share, for the first quarter of 2010.

Total cash and cash equivalents and short-term investments at March 31, 2011 were $64.4 million.

Fully diluted weighted average common shares outstanding as of March 31, 2011 were 35.3 million compared to 34.2 million fully diluted weighted average common shares outstanding as of March 31, 2010.

The Company reported total revenue of $107.7 million, an increase of 19% over the same quarter last year. Adjusted EBITDA for the quarter was $23.2 million, or 22% of revenue.

The Company reported GAAP net income of $6.3 million, or $0.13 per diluted share, for the quarter. Adjusted net income for the quarter was $12.6 million, or $0.25 per diluted share. Adjusted net income excludes stock-based compensation expense and amortization of intangible assets, net of estimated tax.

The Company generated $28.9 million in cash flow from operations and closed the quarter with $150.1 million in cash and marketable securities.

Revenue for the Education client vertical was $48.0 million, an increase of 26% compared to the year-ago quarter. Revenue for the Financial Services client vertical was $48.7 million, an increase of 17% compared to the same quarter last year. Revenue for Other client verticals was $11.0 million, an increase of 1% compared to the year-ago quarter.

For the nine-month period ended March 31, the Company reported total revenue of $309 million, an increase of 25% over the same period last year, and adjusted EBITDA of $70 million, or 23% of revenue.

Reconciliations of adjusted net income to net income, adjusted EBITDA to net income, and free cash flow to net cash provided by operating activities are included in the accompanying tables.

"We delivered another quarter of good financial results in fiscal Q3, and we continued to make great progress building our capabilities and business for the long-term," commented Doug Valenti, QuinStreet CEO. "We are particularly pleased with the performance of our Education client vertical, reflecting client demand for more compliant and effective marketing solutions as well as the effects of new client signings and further penetration of more segments. Growth in our Financial Services client vertical was solid at this scale and consistent with our expectations for a period of more muted growth discussed in our last quarterly call. We remain confident and enthusiastic about our opportunity in Financial Services and in all of our client verticals. We are still incredibly early in the pursuit of these enormous markets. We continue to expect that we will be able to meet our objective to grow revenue an average of 15-20% per year, even at this scale, for as far as the eye can see, reflective of our large footprint and uniquely powerful competitive advantages."

Needham analyst says, "We expect QuinStreet to report roughly in-line results for 1Q11, but online marketing spending by the company’s fin services clients (mainly auto insurance carriers) could be lower than expected – though education segment spending could be higher. The reduction in lower-margin fin svcs revenue combined w/ an increase in higher-margin education revenue results in a lowering of our revenue estimates but a maintaining of our EPS forecasts. To reflect lower expected spending growth near-term from QNST’s important fin svcs client segment, we are reducing our rating."

Unusual activity in Apple also occurred on Feb. 10 when shares dropped by more than 2 percent in just minutes before recovering, in another example of unexplained stock volatility that has caused headaches to regulators and investors.

The latest sign of abrupt volatility comes almost a year after the May 6, 2010, "flash crash," which wiped out nearly $1 trillion in market capitalization from the U.S. stock market in a few minutes.

( CNBC )

( Source CNBC )

For three decades, wealthy nations have invested hundreds of billions of dollars in China, helping drive one of the most remarkable economic booms in history.

Now, China is poised to return the investment favor. The question is whether the United States will be willing and able to fully participate, according to a new study to be released Thursday.

Flush with capital from its enormous trade surpluses and armed with the world’s largest foreign exchange reserves, China has begun spreading its newfound riches to every corner of the world — whether copper mines in Africa, iron ore facilities in Australia or even a gas shale project in the heart of Texas.

The study, commissioned by the Asia Society in New York and the Woodrow Wilson Center for International Scholars in Washington, forecasts that over the next decade China could invest as much as $2 trillion in overseas companies, plants or property, money that could help reinvigorate growth in the United States and Europe.

But the report, to be released at a Washington news conference that Commerce Secretary Gary Locke plans to attend, also warns that the United States risks missing out on a large share of the Chinese investment boom because of politics, a growing rivalry between the two nations and deep-seated perceptions that Chinese investments are unwelcome in America.

“If political interference is not tempered,” the study warns, some of the benefits of Chinese investment — “such as job creation, consumer welfare and even contributions to U.S. infrastructure renewal — risk being diverted to our competitors.” While Wall Street banks have lobbied for more Chinese investments in the United States, hoping that will bring bigger deals for the banks, Washington has remained wary — even though the Obama administration says it welcomes Chinese money.

But anti-China rhetoric is hot in Washington and among many state and local officials. One frequently cited worry is that Chinese companies, many of them owned partly or entirely by the government, will use their purchases to gain military secrets. Another concern is that Chinese companies will buy American companies with manufacturing operations in the United States, close those factories and move production to China.

China, of course, is already a force in global markets. Over the last few years, it has made multibillion-dollar loans to developing nations and let its state-owned companies acquire minority stakes in global powerhouses like Rio Tinto, Morgan Stanley and the Blackstone Group.

China is also a major player in the global debt markets, holding about $1.6 trillion in United States Treasury bonds, an investment that helps keep American interest rates low and finances America’s enormous debt.

But China is still a relatively small player in overseas direct investments, which include purchases of large, voting stakes in foreign companies and plants. That also includes investments in new construction projects on previously undeveloped land — so-called greenfield facilities.

Last year, China’s overseas direct investments amounted to about $59 billion. By comparison, the United States’ figure was over $300 billion.

But with Beijing pushing its big companies to go overseas and invest in resources and technology, China’s investments could soon reach $100 billion to $200 billion a year, according to the Asia Society study.

The potential problem for Beijing is that Chinese companies are not always welcomed overseas — not only because China wields enormous economic clout but because state-owned giants are believed to be subsidized by the state and possibly working in the interest of the government.

Congressional critics of China’s investment aspirations include Senator Jack Reed, Democrat of Rhode Island. “Many of these companies are so closely intertwined with the government of China that it is hard to see where the company stops and the country begins, and vice versa,” Mr. Reed recently told Reuters.

A series of proposed Chinese deals in the United States have been blocked by regulators or attacked by local politicians, who say they are worried China could gain access to sensitive military technology or take control of valuable natural resources.

In 2005, one of China’s giant oil companies, Cnooc, dropped its bid to acquire the American oil giant Unocal after a Congressional investigation into the purchase. And in recent years, the Chinese telecommunications giant, Huawei, has repeatedly been rebuffed from making deals in the United States, over national security concerns.

More recently, the Anshan Iron and Steel Group, a Chinese company seeking to build a relatively unsophisticated steel rebar factory in Mississippi, had to fight fierce political opposition in the state, including fears the project would result in job losses and threaten national security.

Angered at what it says is protectionism masquerading as national security concern, Beijing has lodged sharp complaints with Washington.

The Treasury Department has placed the topic on the agenda for a high-level dialogue with Chinese officials scheduled for next week in Washington.

“We strongly welcome investment from around the world, including China,” says Lael Brainard, one of the highest-ranking Treasury Department officials.

Still, some experts say anti-China sentiment is so high across the country that the United States is unlikely to attract the huge investments over the next few years that the Asia Society study suggests are possible.

“There’s no chance this is going to happen,” says Derek Scissors, an expert on China at the Heritage Foundation, a conservative policy institute in Washington. “They want to invest a lot, but no one here’s going to let them. The political climate in Washington is too anti-China right now.”

Daniel H. Rosen, co-author of the study with Thilo Hanemann, and a principal at the Rhodium Group, an economic advisory firm in New York, says that if Chinese companies are turned away, it could significantly reduce investment opportunities in the United States.

And, he warns, it could prompt China to retaliate against American businesses that operate in China, while also discouraging Beijing from pushing ahead with reforms that would make its business and financial markets more open and transparent.

“America has been debating this kind of thing for hundreds of years,” Mr. Rosen said. “But time and time again, America has decided” to be open to investment from overseas, he said. “Our conclusion is China is no different.”

To ensure that America gets its share of China’s money, the study calls on Washington to send a clear, bipartisan message that Chinese investment in the United States is welcome, to protect any national security review process from political interference and to work with China to enhance its own transparency when it proposes investing in the United States.

Some analysts say China deserves some of the blame for opposition to its overseas investments, not just in the United States but elsewhere.

Chinese companies are not very transparent, and much of the investing by China is done by a handful of government-owned companies that have access to cheap state financing, giving them what some analysts say is an unfair advantage in competing for resources or assets.

But many analysts say China and the United States clearly need each other. China now has the capital American business so desperately seeks, and the United States has technology and a highly skilled work force.

Orville Schell, director of the Center on U.S.-China Relations at the Asia Society and the person who commissioned the study, says the United States must do its part to improve relations with China.

“I feel increasingly alarmed and discouraged by the willful ignorance of Americans to the competitive challenge the Chinese pose to the U.S., including in foreign investment,” Mr. Schell said in an interview. “China is looking for places to park its money, and it could be to our advantage. If we don’t find a way to be open to China, it’s undeniable the money will go elsewhere.”

( Source: The NYTIMES )

Kandi Technologies Corp ( NASDAQ: KNDI ) was down 21 % in the morning trade to $ 2.14 in the morning trade. There is no any announcements or news releases from the company or any sources. It  is advisable to the traders to stay out of stock until any news in revealed up. 

Adams Golf (Nasdaq:ADGF) today reported record net sales of $30.2 million for the three months ended March 31, 2011, as compared to $22.4 million for the three months ended March 31, 2010, an increase of 35% year-over-year. Adams Golf recorded a net profit of $4.0 million, or $0.50 per fully diluted share, for the three months ended March 31, 2011, as compared to $1.7 million, or $0.21 per fully diluted share, for the comparable period of 2010.

"We are very pleased with our start in 2011 and continue to be optimistic regarding our long term prospects," said Mr. Chip Brewer, CEO and President of Adams Golf. "Our Q1 results benefited from improved year-over-year operations performance (in 2010 our Q1 revenues were constrained by inventory availability) as well as improving market conditions and our ability to grow our brand and our business at large, both domestically and internationally."

"Furthermore, and perhaps most importantly, we continued to make progress on our brand, product and business development objectives during the quarter:

According to Golf Datatech LLC, for the first quarter of 2011, in the combined On and Off Course Channels, our US iron dollar share was 12.0%, flat versus Q1 2010 and up 8.4% versus Q4 2010. Our wood dollar share in the same channels was 6.7%, up 2.1% over Q1 2010 and up 11.9% over Q4 2010. These results continue a long term growth trend that has extended over several years now. 

As for market conditions, Golf Datatech LLC reports that the US iron market experienced 17% year-over-year expansion in dollar sell through for Q1 2011, while the wood market experienced 22% growth.

International growth continues to be a key objective for our company and we perceive this as an area of strong future growth potential. During Q1 this year, our international revenues increased 26% over the previous year. We continue to focus resources towards the development of this business, including but not limited to, establishing a third party distribution center to better service and develop the European market, which became fully functional during this quarter.

During Q1 we successfully closed on the acquisition of the Yes! Golf assets and began to work through the integration and re-launch efforts both domestically and internationally. We believe the Yes! brand name and technology will provide us the opportunity for future growth in the putter category.

Our financial position and balance sheet remain in excellent shape. As of March 31, 2011, our net working capital increased to $39.1 million from $31.0 million at March 31, 2010 and our total net assets book value increased to $51.7 million, or $6.72 per share (calculated as total assets less total liabilities divided by outstanding shares).

We continued to strengthen our brand through tour exposure and sustained our position as the # 1 hybrid on the PGA, Nationwide and Champions tours.

We were encouraged with the market response to our current product offerings, especially the Speedline Fast 11 fairway woods and Idea Tech V3 product lines, both of which are experiencing nice success in the marketplace.

Independent market research from Golf Datatech shows that over the last year; our overall brand continued to strengthen, purchase interest in our products increased, and we have increased our lead as the perceived leader in hybrid technology."

"In summary, we are encouraged with our Q1 results and our progress on brand and business development. We remain dedicated to working towards future growth of the company and are optimistic regarding our potential to create long term shareholder value," concluded Mr. Brewer. ( GlobalBusinessWire )