OneSky Jets Acquires the Business Interests of Jets.com
MANCHESTER, NH--(Marketwire - June 30, 2009) - OneSky Jets (www.onesky.com), a Manchester, New Hampshire-based private jet company, announced today that it has acquired the assets of Quincy, Massachusetts-based competitor Jets.com.
Included in the sale are the Jets.com technology platform including its servers and all the data contained therein; the LegFind charter industry portal software and domain; explicit rights to the Jets.com customer list; and Jets.com's rights, title, and interest in all non-disclosure, non-compete and/or non-solicitation agreements.
FutureWorld (FWDG) Completes the Acquisition of SeaTech Energy
SeaTech to Develop Hydro-Electric Turbines to Harness Ocean Energy
BCB Bancorp, Inc. and Pamrapo Bancorp, Inc. Jointly Announce a Strategic Merger
BAYONNE, NJ--(Marketwire - June 30, 2009) - BCB Bancorp, Inc. (
The Board of Directors of BCBP will be expanded by five seats for representation from PBCI. Daniel Massarelli will serve as Chairman of the combined entity and Mark Hogan will serve as Vice Chairman. Donald Mindiak will be the President and CEO of the combined entity, Thomas Coughlin will serve as COO and Kenneth Walter will serve as CFO. Both Boards of Directors have unanimously approved the merger.
National Automation Services, Inc. Adds New Company
LAS VEGAS, NV--(Marketwire - June 30, 2009) - National Automation Services, Inc.
(www.nasautomation.com) (
Toby Smith: In the chips with SanDisk (SNDK)
"For two years chips stocks have unequivocally stunk; the industry has been mired in a host of problems, including massive overcapacity and shrinking demand," says Toby Smith, adding, "But that's changing."
In his ChangeWave Investing, he suggests, "One recommendation in this sector is SanDisk (NASDAQ: SNDK), the leader in flash memory -- one of the strongest segments in semis today."
"For the second quarter in a row the semiconductor sector is showing major signs of momentum that are so good that the industry ranked at the top of the nearly 20 industries we track each quarter.
"The bottom line is that these results clearly indicate that it is time to be invested in the semis, and the best way to do this is with two short-term plays.
"So, one of our favorite recommendations is the leader in flash memory -- SanDisk, whose flash memory data storage products serve both consumers and original equipment manufacturers.
"Its products are made for a wide variety of electronic systems and digital devices from cameras to mobile phones.
"SanDisk is a real innovator, holding more than 860 U.S. patents, more than 550 foreign patents and it's the only company that has worldwide rights to both manufacture and sell every major flash card format.
"SNDK managed to weather the downturn better than the Street expected. For Q1 it reported that revenues fell 22% to $660 million, but beat the estimates by more than $120 million -- and only lost 48 cents per share vs. the 76 cents consensus.
"SanDisk recently renewed its existing cross-licensing agreement with flash chip supplier Samsung. Importantly, this new supply agreement removes a cloud from over SNDK and provides more clarity about its long-term business model and outlook.
"Also, NAND flash memory prices were up 30% in April over March, and that's much better than the SanDisk's forecast.
"Our intelligence points to further strength this summer thanks in part to Apple orders related to new iPhones and iPods, as well as orders for memory from Sony and Nokia for new handsets."
Tide turns for US dollar?
According to Bryan Rich, a currency specialist and the editor of The World Currency Alert, the US dollar is now poised for a rise based on both technical and fundamental factors.
"The correction in dollar strength has been sharp over the past few months, but the key support area I've been watching in the U.S. Dollar Index has proven resilient. Now the dollar's resurgence is under way, and it's time to hop on.
"The dollar has broken key trendlines against the Australian dollar, the Euro, the Swiss franc and the Canadian dollar. This further indicates that this recent trend of dollar weakness should be over.
"Perhaps the biggest confirmation, however, is occurring in the stock market; the S&P 500 has broken a key supportive trendline that describes the sharp climb from the March lows of 666. This is a very bearish signal that should summon heavy selling pressure.
"This recent surge in risk appetite has been bad for the dollar, bad for U.S. longer-term Treasuries and good for almost all other markets. But now, with this tide reversal, I expect that the investor optimism and the cherry-picked data that has been paraded as 'green shoots' will fade quickly.
"The focus should return to the fragile nature of the global economy, the structural issues that need repairing, and the long road that lies ahead for economic growth. Bottom line: This environment bodes well for the U.S. dollar and safety of capital, in general.
"So it's time to enter a position in PowerShares DB U.S. Dollar Index Bullish Fund (NYSE: UUP). This ETF offers the easiest way to express a bullish view on the dollar.
"Plus, the major support area in the dollar that was tested and held its ground gives us a clear area to place a stop loss order -- at the $23.09 level."
Noble (NE): ‘Jackup’ profits
"Noble (NYSE: NE) offers a compelling combination of deepwater and international 'jackup' drilling exposure," says energy expert Elliott Gue in his The Energy Strategist.
"The stock is cheaper on a price-to-earnings and price-to-cash flow basis than most other contract drillers.
"In total, Noble has 14 deepwater and ultra-deepwater rigs operating in the Gulf, with all but one of these rigs contracted through early to mid 2011. Its booked contracts amount to around $10.6 billion, a solid base of defensive, visible earnings.
"The fundamental upside turnaround potential for Noble resides in its jackup fleet, which consists of 40 rigs of varying qualities.
"In total, Noble has 12 jackups working for Mexico's Pemex, primarily at day rates in the $125,000 to $160,000 range; these rigs offer exposure to any improvement in international jackup rates.
"In addition, Noble has eight harsh environment jackups working in the North Sea, a market that appears to be showing signs of stabilization.
"Finally, Noble is a conservative operator with an outstanding balance sheet and a solid backlog of rigs. I am adding Noble to the Wildcatters Portfolio."
Acorda Therapeutics (ACOR)
Acorda (<a href=http://www.zacks.com/stock/quote/acor>ACOR</a>) received some very good news on May 6, 2009 when the U.S. FDA informed the company that the new drug application (NDA) for Fampridine-SR was accepted. The news comes only two weeks after the re-filing of the NDA on April 23, 2009. <p> However, the biggest surprise with the acceptance off the NDA was that the FDA also granted Acorda a priority review for the application. We note this was an independent decision by the FDA, as Acorda did not specifically ask for a priority review. <p> Clearly this is another very good sign and proves that the FDA views MS walking disability as a significant unmet medical need, with Fampridine-SR as potentially a breakthrough product for its treatment. The PDUFA action date has been set for October 22, 2009.CONMED Corp. (CNMD)
CONMED Corp. (<a href=http://www.zacks.com/stock/quote/cnmd>CNMD</a>) is a major medical products manufacturer specializing in surgical instruments and devices. Approximately 59% of the company's revenues are derived from products designed for the orthopedic surgery markets of arthroscopy and powered surgical instruments. <p> The company operates in highly competitive markets against competitors that are much larger, more technically competent and possess substantially more assets. Additionally, many of these competitors offer a range of products not matched by CNMD, which may make CNMD's offerings less attractive to surgeons, hospitals and group purchasing organizations that are trying to reduce the number of vendors they do business with. <p> We believe sales related to elective procedures will slow over the coming year, adversely affecting CNMD's business in 2009, despite that 77% of revenues are recurring from the sale of disposables.Catalyst Ventures, Inc. Closes Acquisition of Global Banking & Advisory Assets and Continues as WorldVest
Catalyst Will Change Name to WorldVest, Inc. and Receive a New Trading Symbol