Archive for November, 2010

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SIRI Update — No News from Howard Stern Today

Thursday, November 18th, 2010

A report on TheStreet.com stated that the jewel in Sirius XM’s (Nasdaq: SIRI) crown, Howard Stern, was planning to make an announcement today about his future with the satellite radio provider.

Sirius XM spokesperson, Patrick Reilly said that the whole thing was a big misunderstanding between TheStreet.com and comments made by Sirius XM’s CFO, David Frear in response to a question about Stern’s future.

Responding to a question about Stern and his contract, Frear asked whether the person was a Sirius XM subscriber. When the inquisitor said she wasn’t, Frear told her to go “buy a radio this afternoon” so she could tune into Stern’s show, according to Reilly.

Twitter was abuzz with Howard Stern talk this afternoon And even if nothing new was reported today, there are still plenty of lingering questions about Stern and Sirius’s future — with or without him.

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NYNY comes up nuggets, MSFT big trader, LPTH slides

Thursday, November 18th, 2010

Empire Resorts Inc. (NasdaqGM: NYNY) gained 25.83 percent in price in Thursday afternoon trade to $1.51 Volume of 1,969,508 shares left its usual share volume of 164,241 in the dust. The casino operator announced last week that its wholly-owned subsidiary, Monticello Casino and Raceway, has added electronic roulette games to its increasingly diverse slot offerings.

Microsoft Corp. (NasdaqGS: MSFT) was among Thursday’s volume kingpins, trading in 46,986,893 shares Thursday afternoon, approaching its usual daily volume of 61,528,900 shares. Shares of the software giant inched up 1.17 percent to $25.87. Following the successful launch of Microsoft Dynamics GP 2010, MSFT announced Thursday that the upcoming release of Microsoft Dynamics GP 2010 R2 will provide midsize customers with new contextual business intelligence capabilities and additional ease-of-use features that make actionable information more accessible than before to people across an organization.

LightPath Technologies Inc. (NasdaqCM: LPTH) fell in price Thursday by 12.61 percent to $1.97. Volume of 56,602 shares narrowly bested the company’s usual daily volume of 39,762 shares. The Orlando-based global manufacturer, distributor and integrator of patented optical components and assemblies announced Wednesday that it has expanded its direct selling channels in China as part of its strategy to deliver high volumes of aspheric lenses to Asian manufacturers of optical equipment.

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CTM solid, CMGR doing wide business, IMTO struggles

Thursday, November 18th, 2010

CTM Media Holdings Inc (Pink Sheets: CTMMB) strengthened in price 26.21 percent in late Thursday trading to $2.60. Volume, however, was a scant 100 shares. CTMMB arose from telecommunications giant IDT (based in Newark, New Jersey), and is now primarily comprised of two separate business entities, combined to form a powerful deliverer of digital media and print-based solutions.

Camelot Entertainment Group Inc. (OTCBB: CMGR) traded in an incredible 490,731,872 shares in Thursday’s trading. The group’s price sank, however, 20 percent to 12-100ths of a cent. Thursday, CMGR announced that it has acquired worldwide distribution rights for the teen love story A WARRIOR’S HEART starring Twilight’s Kellan Lutz and Ashley Greene. The film follows the story of high school lacrosse star Conor Sullivan, who through his passion for the sport and a new love interest finds the strength to overcome his father’s death. A WARRIOR’S HEART is currently in post-production and will premiere in 2011.

InterMetro Communications Inc. (OTCBB: IMTO) dipped 87.5 percent in price in late Thursday trading to half a cent per share. Volume was 101,000 shares. IMTO, based in Simi Valley, Calif., claims to be a leading facilities-based provider of enhanced voice and data communication services

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BORN soars in price, INTC big seller, UQM sinks

Thursday, November 18th, 2010

China New Borun Corporation (NYSE: BORN) saw a spike in price of 11.8 percent in Thursday afternoon trade to $12.41 Volume of 903,056 shares is to within sight of its daily average of 1,246,800 shares. The Beijing-based producer and distributor of corn-based edible alcohol in China, this week announced third-quarter revenue increased 26.1 percent to RMB417.7 million ($62.3 million U.S.) from RMB331.1 million in the third quarter of 2009. Gross profit increased 31.2 percent to RMB100.9 million ($15.1 million).

Intel Corp. (NasdaqGS: INTC) traded in 48,084,401 shares Thursday afternoon, approaching its usual daily volume of 67,954,000 shares. Shares of the chipmaker fell back 0.38 percent to $21.00. The company announced its storage division has recently added new major wins with five storage vendors, illustrating the company’s momentum around developing advanced integrated storage features and capabilities.

UQM Technologies Inc. (AMEX: UQM) fell in price Thursday by 3.81 percent to $2.02. Volume of 224,907 shares was still shy of UQM’s usual daily volume of 281, 265 shares. The Colorado-based UQM develops of alternative energy technologies.

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GTN spikes, RF has great volume, WSM stumbles

Thursday, November 18th, 2010

Gray Communication Systems (NYSE: GTN) improved in price by 11.58 percent in Thursday afternoon trade to $1.70 Volume of 425,772 shares proved nearly double the stock’s three-month daily average. Atlanta-based GTN is a television broadcast company, operating 36 television stations serving 30 markets.

Regions Financial Corporation (NYSE: RF) did brisk trade Thursday afternoon, with 73,128,272 shares changing hands, quadruple its usual daily volume of 18,752,300 shares. RF shares trailed Wednesday’s close by 3.43 percent to $5.35.

Williams-Sonoma Inc. (NYSE: WSM) fell in price Thursday by 8.13 percent to $32.89. Volume of 7,246,547 shares more than tripled usual daily volume of 2,129,680 shares. WSM Thursday announced third-quarter Net revenues increased 11.8 percent to $816 million versus $729 million in the third quarter of fiscal 2009. GAAP Diluted Earnings per share increased to $0.34 from $0.07 in Q3 ’09.

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