DrStockPick.com Stock Report!
Tuesday August 4, 2009
Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA) today announced that the company will deliver a presentation at the 11th Annual Pacific Crest Technology Leadership Forum in Vail, Colorado on Tuesday, August 11, 2009 at 9:30 am mountain time.
Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced it had a net loss for the quarter ended June 30, 2009 of $12,115,000 or $1.60 per diluted share compared to net income of $1,001,000 or $.13 per diluted share for the quarter ended June 30, 2008, a quarter in which the Company achieved record sales and profits. The loss includes a pretax asset impairment charge of $15,986,000 ($11,105,000 after tax) and inventory adjustments of $600,000 ($417,000 after tax) primarily for excess and obsolete inventories. Revenues for the quarter fell 41% to $13,940,000 compared to $23,549,000 last year. Bookings for the quarter ended June 30, 2009 were $13,170,000 also down 41% when compared to the $22,333,000 for the same quarter last year. Backlog at June 30, 2009 was $24,728,000, reflecting a 24% decrease from June 30, 2008 and a 5% increase from the backlog at the end of 2008.
Holzer Holzer & Fistel, LLC announces a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased shares of Skilled Healthcare Group, Inc.� (NYSE: SKH) common stock between May 14, 2007 and June 9, 2009, inclusive (the “Class Period”). The complaint alleges that Skilled Healthcare and certain of its officers violated the federal securities laws. According to the complaint, Skilled Healthcare misrepresented its income and was forced to restate its financial statements. The complaint also seeks damages for what it alleges were similar misrepresentations contained in Company’s Registration Statement and Prospectus issued in connection with Skilled Healthcare’s Initial Public Offering of May 14, 2007.
Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, announced today that Dr. Joseph Rubinfeld, one of the original founders of Amgen, Inc., has agreed to act as the Company’s Chief Scientific Advisor. Dr. Rubinfeld will assist the Company in developing and implementing product commercialization roadmaps for its proprietary drug delivery platform and its synthetic vaccine platform technology programs.
Iowa Telecommunications Services, Inc. (NYSE: IWA) today announced it will participate in the Oppenheimer & Co. Inc. Annual Communications, Technology & Internet Conference in Boston, Massachusetts on Tuesday, August 11, 2009. Alan L. Wells, Iowa Telecom chairman and chief executive officer, and Craig A. Knock, vice president, chief financial officer and treasurer, will be speaking at the conference.
Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today that Sterling Home Retention Services, the leading provider of loss mitigation services for the financial services industry, has signed a contract for Convergys’ relationship management solutions specifically designed to support the loan modification process for the top 20 mortgage servicers, Government Sponsored Enterprises, and investors in the U.S.
Source: E-Gate System from Alphatrade.com
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