Archive for the ‘Technology Stocks’ Category

« Older Entries
Newer Entries »

PSGY secure, APTD active, FMNL falters

Tuesday, January 18th, 2011

Princeton Security Technology Inc. (OTCBB: PSGY) skyrocketed 180 percent in price Tuesday to 14 cents. Volume was 74,500 shares, better than nineteen times its usual average. Preliminary quarterly results show projected income of approximately $170,000, compared to loss of $162,217 for the same period ending December 31, 2009.

AlphaTrade.com (OTCBB: APTD) shares flew off the shelves Tuesday, trading in 123 million, compared with an average all-day volume of 12.2 million. Prices hiked, too, by 33.3 percent to eight-100ths of a cent. AlphaTrade is a recognized financial data providing company specializing in real-time financial market data for major North American exchanges and markets.

Forum National Investments Ltd. New (OTCBB: FMNL) tripped 55 percent to 18 cents Tuesday. Volume for the stocks was 36,250 shares, or six times its full-day average. FMNL provides travel services for the members of its ‘Snowbird Vacations International’ travel club.

Tags: , , , , , , ,
Posted in Consumer Discretionary Stocks, Financial Stocks, Technology Stocks | No Comments »

LEE leaps, MRK trades widely, MCZ struggles

Tuesday, January 18th, 2011

Lee Enterprises Inc. (NYSE: LEE) leaped 14.9 percent in price to $3.31. Volume was 808,866, or better than twice its full-day volume average, on reports the company enjoyed 38-percent better ad revenue in its first fiscal quarter.

Merck & Company Inc. (NYSE: MRK) was active Tuesday, dealing in 36,816,766 shares Thursday, better than twice its full-day average. Share prices were off, though, 0.8 percent to $33.95. Merck is teaming up with Ariad Pharmaceuticals on a drug to target cancerous tumors of the soft tissue or bone.

Mad Catz Interactive Inc. (AMEX: MCZ) skidded 16.5 percent to 96 cents, while volume for the stock was 2,819,600 shares, more than four times its all-day average. MCZ designs, manufactures, markets, and distributes accessories for videogame platforms, personal computers (PC), and iPod and other audio devices.

Tags: , , , , , , ,
Posted in Health Care Stocks, Technology Stocks | No Comments »

Plug Power, Inc. (PLUG) shares soar 30 percent on Coca-Cola deal

Thursday, January 13th, 2011

Shares of power solutions provider, Plug Power, Inc. (Nasdaq: PLUG) surged 30 percent on Thursday after it was announced that Coca-Cola Refreshments USA (NYSE: CO) purchased 37 of Plug Power’s GenDrive fuel cells to power a new fleet of Caterpillar lift trucks at its 250,000 sq. ft. bottling and distribution center in San Leandro, CA.

“This is the second site in the Coca-Cola system to convert an existing lift truck fleet to GenDrive fuel cells,” said Andy Marsh, CEO at Plug Power in a statement. “It’s evidenced through these repeat customers the real value of the GenDrive solution. Hydrogen fuel cells are competing with the incumbent power sources and winning because they provide the most benefit for the organization. It’s a simple business decision.”

Plug Power’s GenDrive™ fuel cell is a superior alternative to lead-acid batteries for electric lift trucks.

Previously using lead-acid batteries as a power solution, Coca-Cola is making the transition to GenDrive to take advantage of the increased productivity and improved space utilization offered by the technology.

“Using Plug Power Fuel Cells for our fleet in the San Leandro facility is an example of this commitment,” said Brian P. Kelly, Product Supply Leader, Coca-Cola Refreshments, in a statement. “This innovative use of technology will help us reduce our carbon emissions, streamline our operations and work towards our aggressive environmental goals.”

Plug Power closed deals equating to over 400 GenDrive units in the fourth quarter alone. Some first-time customers include Coca-Cola and CVS.  Plug Power also received follow-on orders from repeat customers like BMW and Walmart Canada. Concluding the successful quarter, Plug Power received letters of commitment from customers for another 250-plus GenDrive power units.

Plug Power manufactured and shipped a record number of units for the full year ending December 31, 2010, meeting its milestone of at least 650 unit shipments for the year. The Company’s Latham, NY manufacturing facility is capable of producing over 10,000 units each year.

“I’m pleased with the continued commercial adoption of our GenDrive solution by new customers and the follow-on orders by existing customers,” Marsh said in a statement.

Shares of PLUG are up approximately 35 percent over the past three months, and recently traded for 61 cents per share.

Tags: ,
Posted in Penny Stocks, Technology Stocks | No Comments »

Onstream Media Corp. (ONSM) – Buzz Stock of the Day

Thursday, January 13th, 2011

Shares of online service provider, Onstream Media Corp. (Nasdaq: ONSM) soared as much as 63 percent from Wednesday’s closing price in morning trading on Thursday. Shares traded as high as $1.36, up from Wednesday’s closing price of $0.83 per share.

For the 12 months ended September 30, 2010, Onstream reported a net loss of $9.3 million, or $1.20 per share, down 21 percent from a net loss of $11.8 million, or $1.63 a share in fiscal 2009. Revenue for the year fell 1.4 percent to $16.7 million compared to last year. Revenue from Onstream Media’s Digital Media Services Group, which includes Webcasting and hosting services increased 1.6 percent to $7.9 million, compared to FY 2009.

“Despite historically lower fourth quarter revenues due to seasonality and overall challenging economic conditions, Onstream posted revenue increases in its fourth quarter, as compared to the comparable prior year period,” said Onstream Media’s President and CEO, Randy Selman in a statement. “We also achieved a new milestone — for the first time in our history, we posted two consecutive quarters of positive cash flow from operating activities, before working capital changes.”

Onstream’s fourth quarter revenue increased 8.9 percent to $4.1 million, from $3.7 million in FY 2009. Cash flow from operating activities (before changes in current assets and liabilities) was approximately $44,000 in Q4, and $188,000 in Q3.

Onstream Media Corp. provides live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology to customers including Dell, Disney, Georgetown University, National Press Club, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures and the U.S. Government.

Shares of ONSM are up about 14 percent over the past three months.

Tags: ,
Posted in Penny Stocks, Technology Stocks | No Comments »

TTMI leads, SIRI gets message out, SBAY sags

Thursday, January 13th, 2011

TTM Technologies Inc. (Nasdaq: TTMI) picked up 21.3 percent to $17.74. Volume was 3,259,558, or six times its full-day volume average. Both sales and earnings are projected to beat the original guidance and Street estimates when TTM files a proper report in mid-February.

Sirius XM Radio Inc. (Nasdaq: SIRI) dealt in 42,276,233 shares Thursday, making it a volume leader, but still below its daily average of 56,223,200. Prices for SIRI fell 1.9 percent to $1.53. SIRI is a satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices.

Subaye Inc. (Nasdaq: SBAY) fell 11.1 percent in price Thursday to $13.00.Volume for the stock was 290,587 shares. SBAY is a leading online business services provider in China engaged in enterprise cloud computing, video marketing and business to consumer (B2C) online solutions.

Tags: , , , ,
Posted in Technology Stocks | No Comments »

« Older Entries
Newer Entries »