Archive for June, 2010

ArcSight, Inc. (ARST) – Buzz Stock of the Day

Friday, June 11th, 2010

Shares of compliance and management software maker ArcSight, Inc. (Nasdaq: ARST) were up more than 24 percent in morning trading on Friday after the company announced better-than-expected fourth quarter earnings, and painted a rosier-than-expected picture for the current quarter.

For the fourth quarter, ArcSight’s profit rose more than five-fold to $22.6 million, or 62 cents per share. Excluding items, the company earned 20 cents a share. Analysts on average were expecting earnings of 17 cents a share, excluding exceptional items, on revenue of $50.5 million, according to Thomson Reuters I/B/E/S. Total revenue jumped 41 percent to $55.2 million, over the same period last year.

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ArcSight said it expects adjusted earnings of 11 cents to 13 cents a share, on revenue of $44 million to $46 million for the current quarter.

“We are very pleased with our strong revenue and operating margin growth this past quarter, and look forward to continued success in fiscal 2011,” said ArcSight’s president and CEO, Tom Reilly in a statement. “Increased spending on cyber-security initiatives in the Federal sector, and anticipated enhancements to compliance mandates, should further fuel our long term growth. Our strong financial results, supported by increased market share and industry recognition, reflect the dedication, hard work and perseverance of our team executing on our strategic growth imperatives.”

Carbon Sciences, Inc. (CABN) – Penny Buzz Stock of the Day

Tuesday, June 8th, 2010

Shares of alternative energy solutions provider, Carbon Sciences, Inc. were up more than 70 percent in morning trading on Tuesday.

Carbon Sciences announced on Monday that it filed the first of a series of patent applications for its clean-tech CO2 based Gas to Liquids (GTL) fuel technology for transforming a combination of natural gas and carbon dioxide (CO2) directly into gasoline. This first patent application discloses the design and manufacturing of a novel chemical catalyst that converts methane gas and carbon dioxide gas (CO2) directly into gasoline. These greenhouse gases can be sourced from natural gas fields or human made coal-fired power plants, landfill gas, municipal waste, and algae.

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“This heralds a new era for Carbon Sciences and means that our plan for delivering a market-ready technology could be delivered as soon as next year,” said Byron Elton, CEO of Carbon Sciences in a statement. “The ongoing tragic events involving BP’s unchecked flow of oil into the Gulf of Mexico further underscores the urgent need to reduce and eliminate our addiction to petroleum, foreign and domestic. Carbon Sciences’ breakthrough technology takes us closer to a world without petroleum by essentially transforming pollution into energy.”

Shares were trading as high as $0.12 in morning trading on Tuesday, up 71 percent from Monday’s closing price of $0.07 per share.

Penwest Pharmaceuticals Co. (PPCO) – Buzz Stock of the Day

Tuesday, June 8th, 2010

Shares of drug maker, Penwest Pharmaceuticals Co. (Nasdaq: PPCO) were up as much as 21 percent in morning trading on Tuesday after the company announced that it settled a patent litigation with Impax Laboratories, Inc. (Nasdaq: IPXL) over the production and sale of a generic version of the pain drug Opana, which is jointly developed by Penwest and Endo Pharmaceuticals Holdings, Inc. (Nasdaq: ENDP).

Penwest shares rose as high as $3.38, up from Monday’s closing price of $2.78 per share.

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Penwest and Endo have agreed to grant Impax a license to sell the copycat on Jan. 1, 2013. Impax will have 180 days of marketing exclusivity for 5 mg, 10 mg, 20 mg, 30 mg and 40 mg tablets of the drug, Reuters reported. Impax could also get up to $40 million in milestones from Endo for an Impax brand drug the two companies will promoted together outside the field of neurology. Further terms of the settlement were not disclosed.

Endo and Penwest also settled a similar patent litigation with Sandoz Inc, a unit of Swiss drugmaker Novartis AG (NOVN.VX), granting Sandoz a license to sell the generic of the drug on Sept. 15, 2012.

Celgene Corp. (CELG) – Buzz Stock of the Day

Monday, June 7th, 2010

Shares of cancer drug maker, Celgene Corp. were up 6 percent from Friday’s close after the company announced positive results from a Phase II study of lenalidomide (REVLIMID) in untreated patients with chronic lymphocytic leukemia at the annual meeting of the American Society of Clinical Oncology (ASCO).

Results of the Phase II single-arm study reported that at a median follow-up of 23 months, the overall response rate (OR) for 60 evaluable patients was 62 percent, and 15 percent of patients achieved a complete response (CR/CRi). At the median follow-up, median progression-free survival had not been reached and the overall survival rate was 90 percent. The most common grade 3 or 4 adverse events reported in the study were neutropenia (38 percent of cycles), thrombocytopenia (14 percent of cycles), and anemia (<1 percent of cycles). Grade 3-4 infections were observed in 15 percent of patients.

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REVLIMID is an IMiDs® compound, which along with other IMiDs continue to be evaluated in over 100 clinical trials. The IMiDs pipeline is covered by a comprehensive intellectual property estate of issued and pending patent applications in the US, EU and other regions, including composition-of- matter and use patents. REVLIMID is approved in combination with dexamethasone for the treatment of patients with multiple myeloma who have received at least one prior therapy in nearly 50 countries, encompassing Europe, the Americas, the Middle-East and Asia, and in combination with dexamethasone for the treatment of patients whose disease has progressed after one therapy in Australia and New Zealand.

Shares of Celgene Corp. are up 20 percent over the past 12 months.

Belltower Entertainment Corp. (BTOW) – Penny Buzz Stock of the Day

Monday, June 7th, 2010

Shares of Belltower Entertainment Corp. (OTCBB: BTOW) were up more than 30 percent today on heavy volume after the company announced its intent to begin producing direct response commercials.

Potential revenue sources for the company will include production fees from the commercials and back end profit participation in the products being marketed to the public through the television commercials the company produces.

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Last week, the company announced that it has attached director, Michael D. Olmos (Splinter), and Academy Award Winner Forest Whitaker to star in, and serve as the executive producer for Belltower Entertainment’s feature film entitled “Little Treasure,” which tells the story of an American, bi-racial couple. The film will be shot entirely on location in Shanghai. Belltower Entertainment Corp. used a portion of a $1 million credit facility to secure Whitaker and Olmos through William Morris Endeavour Agency (WME) where they are both repped.

Belltower will retain copyright ownership of the film, and will have majority control over production, financing and distribution.