Archive for the ‘Technology Stocks’ Category

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Penny Buzz Stocks – LNG, SECI, UCHC

Friday, June 4th, 2010

Here are 3 penny stocks to add to your watch list today:

Cheniere Energy, Inc. (AMEX:LNG): Shares up after the company announced plans to export U.S. natural gas overseas from its Sabine Pass terminal in Louisiana in a strategy shift prompted by large increases in U.S. natural gas production.

Sector 10, Inc. (OTCBB: SECI): Up 30 percent on high volume after the company announced the upcoming release of the PLX-3D integration software package and its integrated components as an easy to use mobile application for the iPhone and iPad produced by Apple.

Uni Core Holdings Corp. (OTCBB: UCHC): Up 32 percent today on decent volume. Recent developments include a new research report from Skymark Research, and plans to close the acquisition of APT Paper Group, which includes FG Management Company Limited, Global Golden Group Investments Co., Ltd., Wise Link Management Ltd., Plan Star Development Limited, and Sure Strong Limited. Uni Core Holdings Corp. is an ‘incubator’ of mid- to large-size companies in China.

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Posted in Energy Stocks, Industrial Stocks, Materials Stocks, Penny Stocks, Technology Stocks | 1 Comment »

Exide Technologies, Inc. (XIDE) – Buzz Stock of the Day

Thursday, June 3rd, 2010

Shares of battery maker, Exide Technologies (Nasdaq: XIDE) soared as much as 32 percent on Thursday, after the company announced fourth quarter earnings that beat analysts’ expectations.

For the fourth-quarter ended March 31, Exide reported net income of $40.4 million, or 53 cents a share, compared with a net loss of $64.4 million, or 85 cents a share a year earlier. Analysts were expecting Q4 earnings of 4 cents per share.

Net sales for the fiscal 2010 fourth quarter of $714.7 million compared to $654.3 million in the prior year quarter on 8.4 percent lower volumes.

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For the fiscal year ended March 31, net sales decreased 19.2% from fiscal year 2009 on 18% lower volumes. The company also dramatically cut its full-year net loss to $11.8 million or ($0.16) per share compared to a net loss of $69.5 million or ($0.92)

“While the global markets are far from stable, we are encouraged by what we are seeing as we look ahead to Fiscal 2011,” said Exide’s CEO, Gordan Ulsh in a statement. “Within both our Transportation and Industrial Energy segments, the market indicators continue to point to a firming of demand in all channels.”

The strong fourth quarter report came on the heels of the resignation of Exide’s president and chief operating officer, Edward O’Leary, who will step down on June 16th.

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Posted in Energy Stocks, Industrial Stocks, Technology Stocks | No Comments »

Vasomedical, Inc. (VASO) – Penny Stock of the Day

Monday, May 24th, 2010

Shares of Vasomedical, Inc. (OTCBB: VASO) were up as much as 86 percent on Monday after the company announced that its subsidiary was appointed the exclusive representative for select GE Healthcare Diagnostic Imaging products to specific market segments in the 48 contiguous states of the United States and District of Columbia received signed a sales representative agreement. GE Healthcare is the healthcare business unit of GE (NYSE: GE – News). The Company has already received financial commitments for up to $5 million to fund this project.

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“This representation agreement is an example of Vasomedical’s strategy to expand its operations into new areas of potential growth in healthcare,” stated Abraham E. Cohen, Chairman of the Board of Vasomedical, Inc. in a statement.

The agreement is for an initial term of three years commencing July 1, 2010, subject to extension and also subject to earlier termination under certain circumstances.

Vasomedical, Inc. is primarily engaged in designing, manufacturing, marketing and supporting EECP(R) external counterpulsation systems based on the Company’s proprietary technology. Offered exclusively by Vasomedical, EECP therapy is a safe, non-invasive, outpatient treatment option for patients suffering from ischemic heart diseases such as angina and heart failure

In early April, the company announced that it received clearance from the U.S. Food and Drug Administration to market its Vasomedical-BIOX™ Model 2301 Combined ECG Holter and Ambulatory Blood Pressure Monitoring Recorder and Software Analysis System.

“These are the first in a line of Vasomedical-BIOX™ ECG Holter and Ambulatory Blood Pressure Monitoring Systems that Vasomedical intends to bring to the marketplace,” said Dr. Jun Ma, President and CEO of Vasomedical, Inc.

Shares of Vasomedical are up more than 300 percent over the past 12 months.

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Posted in Health Care Stocks, Penny Stocks, Technology Stocks | No Comments »

AuthenTec, Inc. (AUTH) – Buzz Stock of the Day

Thursday, May 13th, 2010


Shares of identity management solutions provider, AuthenTec, Inc. (Nasdaq: AUTH) were up as much as 45 percent on Thursday after the company announced it had regained a key customer, and reported better-than-expected first quarter revenue.

Shares traded as high as $3.49, up from $2.40 at Wednesday’s close.
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The company reported a “significant design win with a leading PC OEM for 2011” and hopes to return to profitability early next year, according to Reuters.

“We believe the key customer is likely Hewlett-Packard (NYSE: HPQ),” Capstone Investments analyst Jeff Schreiner said in a note this morning. The recapture of HP-based revenue significantly alters future prospects for AuthenTec, Schreiner said upgrading the stock to “buy” from “hold.”

For the three months ended April 2, the company posted a net loss of $4.7 million, or 16 cents per share, compared with a loss of $4.5 million, or 16 cents per share, in the same period a year earlier.

Excluding items, AuthenTec posted a loss of 8 cents per share in the latest quarter.

Revenue rose 30 percent to $9.2 million from $7 million.

Analysts, on average, were expecting a loss of 8 cents per share on revenue of $8.6 million, according to a poll by Thomson Reuters.

Shares of AUTH have been up as much as 45 percent over the past three months.

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iRobot Corp. (IRBT) – Buzz Stock of the Day

Thursday, April 29th, 2010

Shares of robotics technology solutions provider, iRobot Corp. (Nasdaq: IRBT) were up as much as 30 percent from yesterday’s close in morning trading today after the company announced better-than-expected first quarter results.


First quarter profit increased to $6 million, from a loss of $2 million in the same period a year ago. Revenue increased 67 percent to $95 million, from $57 million in the same period a year ago.

Analysts polled by Thomson Reuters on average expected the company to earn 4 cents per share on revenue of $83.8 million.

The company said its international home robot revenue more than doubled to $37 million during the quarter, and its government and industrial robot revenue rose 76 percent.

“As a result of outstanding performance by both divisions in the first quarter and good visibility on the rest of 2010, we are increasing our full-year financial expectations,” said chairman and CEO, Colin Angle in a statement.

iRobot anticipates earning between 6 cents to 8 cents per share for the second quarter and 35 cent to 40 cents per share for the full year. Analysts expected the company to post a loss of 4 cents per share for the second quarter and a profit of 23 cents per share for the year.

With $62.9 million in cash and equivalents, and only $3.9 million in long-term debt, the company has also begun to look at opportunities to grow by acquisition, according to CFO, John Leahy. “M&A has moved up the priority list in terms of things we’re spending time on,” he said. However, he added that due to its optimistic view on its own potential for organic growth, the company plans to be “very cautious” in its evaluation of potential acquisition targets.

Click here to join the chatter about IRBT on the company’s official Buzz Stock Board.

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