 |
| eOn Communication Corporation Inc |
eOn Communications Corporation (NASDQ: EONC) up 70 % without any News or Announcements. Stock of the company has exploded with abnormally high volumes as it touched 52 week high $2.65. It will be considered a break out of trading range. Traders might enter for intraday purpose but positions should not be carry forward as there is a lack of news or information. For more information stay tuned at stockinvestips.
 |
| DUSA Pharmaceuticals Logo |
DUSA Pharmaceuticals Inc ( NASDAQ: DUSA) today announced its quarterly results ended on March 31 2011, company has reported an improved revenue growth ( 27%) from products on YoY basis. Stock has jumped 21 % to $5.50 and has a strong momentum with higher volumes, it might break its 52 week range and trade above $ 6.14. It might be good strategy to enter the stock as an investment purpose and wait for next quarterly results as company is improving in terms of revenue and profits.
Dusa Pharmaceutical Inc ( NASDAQ:DUSA) is a dermatology company that is developing and marketing Levulan® Photodynamic Therapy (PDT) and other products focused on patients with common skin conditions.
Highlights for the first quarter include:
-Total product revenues were $11.1 million for the quarter, representing a $2.4 million or 27% year-over-year improvement.
-Domestic PDT revenues totaled $10.7 million for the quarter, representing a $2.6 million or 33% year-over-year improvement.
-Domestic Kerastick® revenues totaled $10.2 million for the quarter, representing a $2.6 million or 35% year-over-year improvement.
-Kerastick® gross margins for the quarter reached a record high at 89%.
-The Company experienced a $1.8 million bottom line year-over-year improvement on a non-GAAP basis for the quarter.
-The Company generated $1.4 million in positive cash flow (change in cash and cash equivalents and marketable securities) during the first quarter of 2011.
-The Company expanded its sales force to 45 with the addition of 5 individuals.
DUSA’s non-GAAP net income for the first quarter of 2011 was $1.8 million or $0.07 per common share, compared to breakeven in the prior year period. The improvement in the Company’s profitability was mainly the result of the year-over-year increase in our PDT revenues, which was partially offset by an increase in our operating costs.
DUSA’s net loss on a GAAP basis was $0.6 million or $0.02 per common share for the first quarter of 2011, compared to a net loss of $0.4 million or $0.02 per common share in the first quarter of 2010. Our financial results on a GAAP basis have been negatively impacted by the fair value accounting over the warrants issued in conjunction with a 2007 equity financing transaction. The fair value accounting of the warrants is subject to significant fluctuation based on changes in our stock price. Appreciation in DUSA’s stock price has resulted the recording of significant non-cash charges related to the change in the fair value of warrants in our Statement of Operations. The non-cash charges recorded in the first quarter of 2011 and 2010 were $2.2 million and $0.2 million, respectively.
As of March 31, 2011, total cash, cash equivalents, and U.S. government securities were $21.1 million, compared to $19.6 million at December 31, 2010, representing an increase of $1.4 million during the quarter.
Other updates:
At present, we are continuing to evaluate the initiation of a DUSA-sponsored clinical trial designed to study the broad area application and/or short drug incubation, or BASDI, method of using the Levulan® Kerastick®. The protocol objectives would be to compare the safety and efficacy of various incubation times (1, 2 or 3 hours) of Levulan® plus BLU-U®PDT versus vehicle plus BLU-U® for the treatment of multiple actinic keratoses of the face or scalp. The timing on the initiation of this study has been delayed as we refine the protocol in consultation with outside experts. We expect to complete our evaluation and determine next steps in the coming months.
( Source : Dusa Pharmaceuticals Inc )
Home prices have started falling throughout United States, now lower than their March 2009 trough,according to the latest report from Clear Capital. Read Report links here
It was inevitable, and it was predicted that a surge in sales of foreclosed properties and a big push by banks to facilitate short sales would force home prices down dramatically.
If we see the detail that how it led to lower the house prices:
Bank owned properties Sales include 34.5 percent of the total housing market sales, that add pressure to the already lowered housing price by lowering it 4.9 percent quarterly and 5 percent YoY. US home prices fallen 11.5 percent in past nine months, the rate is highest since 2008. Also, banks allowed borrower to short sale, means borrower can sell less than the mortgage value.
"With more than one-third of national home sales being REO (bank owned), market prices are being weighed down as many markets have not regained enough footing to withstand the strain of the high proportion of REO sales," says Clear Capital's Alex Villacorta.
Los Angeles prices had been improving, and LA is still one of the nation's best performing metro markets right now. Recently, however, prices took a turn, now down 2.4 percent quarter to quarter thanks to 34 percent REO saturation.
"We have definitely seen a number of both short sales and foreclosed properties along the West Side here, and they have definitely taken a hit," bemoans Kerbox. "It hurts to have a very low comp pop up next to your beautiful new home."
While the usual subprime mortgage suspects, like California, Arizona, Florida and Nevada used to rule the foreclosure roost and still have high volumes of distressed properties, the mid-west is seeing a surge in REOs now, thanks to the plain old recession. 40 percent of the Chicago market is foreclosures, 43 percent in Cleveland and 51 percent in Minneapolis. Home prices fell 8.7 percent in the Mid-West during the past three months compared to the previous quarter.
While the foreclosure crisis is abating on the front end, with fewer loans going newly delinquent, the pipeline of seriously delinquent loans is enormous. Banks are now ramping up the foreclosure process after the "robo-signing" paperwork scandal, but at their current pace it would take about four years to process all the bad loans through foreclosure and even longer to sell those homes out on the open market.
While buyer demand is rising, thanks to a slowly improving jobs picture, mortgage availability is still very difficult for the low to middle-income borrower, and falling prices don't help already weak consumer confidence in the housing market. If prices continue to fall further, which they likely will in the short term, the number of so-called "underwater" borrowers, those with negative equity ( means home value is less than outstanding mortgage loan ), will rise even higher, which could in turn result in more loan delinquencies.
Nationwide more than a quarter of all homeowners with a mortgage are in a negative equity position, but in some markets, that number is far higher. 46 percent of Massachusetts borrowers are underwater, according to LendingTree.
The last time home prices fell at this rate, three years ago, they were then boosted by government stimulus in the form of a home buyer tax credit. "A note of caution to those looking for a strong end to 2011: The last time no incentives were in place and distressed inventories were this high, home prices fell sharply," warns Villacorta.
If we see last 2 weeks in terms of headlines, It was started with US mounting debt, deficit and now a problem of housing double dip. 3D together add up more challenges to struggling economy of United States. Read More
If we see last 2 weeks in terms of headlines, It was started with US mounting debt, deficit and now a problem of housing double dip. 3D together add up more challenges to struggling economy of United States. Read More
( CNBC)
 |
| ZST Digital |
Below is the financial highlights of the Q1 earnings:
First quarter 2011 revenue increased 98% year-over-year to $33.8 million.
First quarter 2011 net income increased 166% year-over-year to $5.2 million.
ZST Digital Networks, Inc. (NASDAQ: ZSTN) (the "Company" or "ZST"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced its financial results for the first quarter ended March 31, 2011.
First Quarter 2011 (unaudited) Financial Highlights:
Total revenue was US$33.8 million, an increase of 98% compared to the first quarter of 2010.
Gross profit for the first quarter 2011 was US$8.3 million, an increase of 100% compared to the first quarter 2010.
Gross profit margin for the first quarter 2011 was 24.7%, compared to 24.5% for the first quarter of 2010.
Operating income for the first quarter 2011 was US$7.1 million, an increase of 143% compared to the first quarter of 2010.
Net income for the first quarter 2011 was US$5.2 million, an increase of 166% compared to the first quarter of 2010.
Net income margin for the first quarter of 2011 was 15.5%, compared to 11.6% for the first quarter of 2010.
 |
| Kendle International Inc Logo |
According to a news from PR newswire, A definitive agreement was made between INC Research LLC contract research organization ( CRO ) and Kendle International Inc that INC research LLC will acquire Kendle International Inc in all cash transaction which will be done at $232 million equity value. that means INC Research LLC will provide $15.25 per share which is at 60.5 % premium of the yesterday's closing price of Kendle shares. Because of the announcement conference call and earnings release of the Kendle International Inc was cancelled which was due today.
Shares of the company jumped 57 % to close to $15 in the premarket trade.
 |
| Pakistan Prime Minister Gilani |
ISLAMABAD (Reuters) - Pakistan, in apparent reference to old rival India, said on Thursday any country that tried to raid its territory in the way U.S. forces did to kill Osama bin Laden would face consequences from its military.
Foreign Secretary Salman Bashir dismissed any suggestion the Pakistani military or its main spy agency had been involved with al Qaeda, while issuing a blunt warning against any further intrusions.
"We feel that that sort of misadventure or miscalculation would result in a terrible catastrophe," he said. "There should be no doubt Pakistan has adequate capacity to ensure its own defence."
U.S. special forces launched the Monday morning raid without the knowledge of Pakistan officials, with helicopter-borne soldiers attacking a compound in Abbottabad, north of the capital, killing bin Laden and several others.
Pakistan has been under international pressure to explain why the al Qaeda chief was able to hide in a compound in a hill town near its capital.
The military has been criticised over the perceived violation of Pakistan's sovereignty. Bashir's comments, while apparently directed at India, also seemed aimed at reassuring the public the military was capable of defending the country.
While few in Pakistan supported bin Laden and his ideology, violations of sovereignty can provoke street protests and media outrage.
The fact that bin Laden was found hiding in a garrison town, near Pakistan's main military academy, has led to speculation the country's main Inter-Services Intelligence (ISI) security agency was in cahoots with him.
Bashir reacted that.
"The critique of the ISI is not only unwarranted, it can not be validated," he said.
He also echoed comments from Prime Minister Yusuf Raza Gilani, who said on Wednesday the world shared in the failure to find bin Laden.
"If it was an intelligence failure ... then it was a global intelligence failure," Bashir said.
"That the ISI is incompetent is a value judgment," he added. "And we believe that this is not the time for anybody to indulge in the luxury of passing value judgments." Read more stories about Pakistan and Alqaeda see below links
 |
| Dr Manmohan Singh Prime Minister of India |
On Wednesday, an anonymous phone call received at Delhi Police Control room, threatening to Kill India's Prime Minister Manmohan Singh and Atal Bihari Vajpayee. It has put the security on high alert to conduct searches in the National Capital Region to identify the caller.
During the investigation, it was found that the number was activated in Ghaziabad, but provided address was fake. The phone number, according to records, belonged to one Ram Avatar residing in Ghaziabad's Sanjay Nagar.
Yes, Yesterday last hrs: (Traders can short NIFTY now 5543-5553)
Book Your Short Position Profit at 5456-5471 and Be Cool...!
Both side Good profit:
Today, Buyers can come to deep in last hrs of trading today...After crossover 5519 (Heavy buyers will come expected)
Just watch of today's hrs...
According to a survey conducted among the 1000 professionals to determine the key factors affecting sentiments. The biggest challenges were instability in European nations and consequent geopolitical concerns.
The top five risks mentioned by leaders were the economic slowdown, regulatory legislative changes, increasing competition, damage to reputation and brand and business interruption through technology failure.
“The findings shared in our report underscore the undeniable interdependence among various risks as well as economies around the globe. It is more important than ever for organizations to embrace an enterprise-wide approach to managing risk, and optimize their strategy on a global basis," said George Zsolnay, head of Aon Analytics.
The Global Risk Management Survey by Aon Risk Solutions, the risk management arm of Aon Corporation surveyed business professionals across 58 countries.
The economic slowdown was cited by 67 percent of respondents as the primary factor which had led to a loss of income in the last 12 months.
Aon said economic factors combined with uncertainty on the geo-political front were causing businesses serious concerns.
“In the UK and Ireland, businesses are acutely aware of the uncertainty surrounding the financial stability of European nations, which is most likely the reason we see political risks and exchange rate fluctuations in their top 10 concerns," the survey said.
Rory Moloney, head of Aon’s Risk Consulting business in Europe, Middle East and Africa pointed out that the survey was conducted prior to the upheaval in the Middle East and North Africa as well as the New Zealand and Japan earthquakes, saying it was possible these concerns would be even higher on the list today.
A lack of innovation and a failure to meet customer needs was identified by business leaders as a notable risk for the first time in the survey’s 6-year history, reflecting a growing concern about the risk of losing market share to more forward-looking competitors, according to Aon.
( Source: CNBC )
Facebook and Google are separately considering a tie-up with Skype after the web video conferencing service delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters.
Facebook Chief Executive Mark Zuckerberg has been involved in internal discussions about buying Skype, according to one of the sources. Another source said Facebook had reached out to the Luxembourg-based company about forming a joint venture.
Google has also held early talks for a joint venture with Skype, the second source said.
A Skype deal could be valued at $3 billion to $4 billion, the first source said. Skype's IPO is expected to raise about $1 billion, several other sources said.
The discussions are in early stages, and it is not clear which option the companies favor, the first two sources said.
Although an IPO is still in the cards for the second half of 2011,
Skype remains in strategic discussions with other companies, two of the sources said.
Skype remains in strategic discussions with other companies, two of the sources said.
Skype and Google declined to comment. Facebook was not immediately available to comment. The information is not public and the sources declined to be named.
Last August, Skype filed a registration statement to go public. For updates about IPO see links here
The October appointment of a new chief executive, Tony Bates, a former senior vice president of Cisco Systems, put the eagerly anticipated IPO on hold until the second half of 2011.
The October appointment of a new chief executive, Tony Bates, a former senior vice president of Cisco Systems, put the eagerly anticipated IPO on hold until the second half of 2011.
But rivals including Apple and Google have marched into Skype's territory, undercutting the value of the pioneer service.
Although Facebook and Skype would benefit from each other's large community of users, neither has proven revenue models, said a separate source familiar with the companies.
For Skype, the clock is ticking, as large social media and software companies pour into the public markets.
On Wednesday, shares of Renren, China's largest social networking company, surged nearly 57 percent in its first day of trade.
LinkedIn said on Wednesday that it would list its shares on the New York Stock Exchange. Find all IPO News links here
The social networking site for professionals filed to raise up to $175 million in an IPO expected later this year.
The social networking site for professionals filed to raise up to $175 million in an IPO expected later this year.
The flood of Internet public offerings this year will give Skype backers a clearer sense of its prospects, another source said.
"When a company is not going public and it has been on file for a long time, one way or another something is going to happen," that source said. ( Reuters )
