Great, not good
Shawshank, VA 6/13/12 (StreetBeat) -- A tale from long ago…It can be said that the Roaring Twenties came to an end at the corner of Wall Street and Broad Street in Manhattan in late October 1929. That’s when and where the stock market began, in no uncertain terms, its epic collapse. It was the decisive decline in the stock prices that set in motion the chain of events that led to depression. But it can also be said that it wasn’t until early May 1931, when trouble...more
Why Zynga's Stock (Nasdaq: ZNGA) Fell Off a Cliff
Shawshank, VA 6/13/12 (StreetBeat) -- Zynga's (Nasdaq:ZNGA) stock has fallen off a cliff. It's off 11.5 percent at last check, bringing the social gamingcompany down nearly 50 percent year to date. What happened?It seems people are choosing more mobile instead of social games.Cowen and Company issued a report titled "Facebook Gaming in Accelerating User Tailspin," which highlights the fact that Zynga's...more
3 Things to Know Before Trading
Shawshank, VA 6/13/12 (StreetBeat) -- Stocks were mostly higher in Asian trade. Shanghai added one and a quarter percent, the Hang Seng was up 0.8% and the Nikkei was up 0.6%; however Australia was down a slight fraction. European indexes are generally lower on the day, with the Dax off a half percent and the Footsie down a slight fraction; but Spain is up about one percent. US stock futures are down a slight fraction as I write. *The June reading...more
E-Waste Systems (EWSI) Elects Larry Magor as Chairman Of The Board
Atlanta, GA 6/13/12 (StreetBeat) – E-Waste Systems, (OTCBB:EWSI), announced today that Larry Magor has been elected Chairman of the Board of Directors effective immediately.Martin Nielson, CEO of EWSI states, "I asked Larry to consider this role and am thrilled he has accepted it. With our recent hiring of Oracle Capital as lead investment advisors and Larry in this role,...more
Apple (Nasdaq: AAPL) Signs Map Licensing Deal With TomTom
Atlanta, GA 6/12/12 (StreetBeat) -- In what might be the world’s shortest press release ever written, the GPS and mapping information company TomTom (AEX: TOM2) announced that it has signed a deal with Apple (Nasdaq: AAPL) to license maps and other related data. No terms of the deal were disclosed.Here is the entire text of the press release:TomTom has signed a global agreement with...more
3 Things to Know Before Trading
Atlanta, GA 6/12/12 (StreetBeat) -- Stocks were mixed in Asian trade. The Nikkei was among the worst, if fell one percent, Shanghai was down 0.7% and the Hang Seng slipped 0.4%; but Australia rose a quarter percent. European indexes are mostly higher this morning, with the Footsie and Dax both up about a quarter percent. US stock futures are modestly higher as I write. *The April reading of Japan’s Tertiary Industry Index is -0.3%, but it was...more
AGR Energy (OTCBB: AGRT) Signs Agreement to Acquire 3 Texas Oil & Gas Leases
Shawshank, VA 6/12/12 (StreetBeat) -- AGR Tools Inc's (OTCBB:AGRT) wholly owned subsidiary AGR Energy Holding Inc is pleased to announce it has executed an letter of intent with Jerry Cornwell (or the "vendor") to acquire 3 leases in southern Texas.The consummating of Letter of Intent will be contingent on financing, the acquisition of a title...more
AirTouch (OTCBB: ATCH) Ships Wireless Connectivity Device to UniCell in Africa
Atlanta, GA 6/12/12 (StreetBeat) -- AirTouch Communications, Inc. (OTCBB:ATCH) today announced the sale of its X1500 wireless device that allows home and office users to receive voice, text (SMS), and data with no landlines and no computers to UniCell Ghana Ltd. The initial order is for 1,000 units and the first into the African market."We expect Ghana to be...more
Michael Kors (NYSE: KORS) Soars 13% on 4Q Results, Bullish '12 View
Shawshank, VA 6/12/12 (StreetBeat) -- Michael Kors (NYSE:KORS) revealed fourth-quarter earnings and full-year guidance on Tuesday that blew away Wall Street’s expectations, sending shares of the clothing designer and apparel maker surging 13%.The newly-public company said it earned $43.6 million, or 22 cents a share, last quarter, compared with a profit of $17.4 million, or 10...more
Ramtron (Nasdaq: RMTR) Announces New Wireless Memory Development Kit
Northern, WI 6/12/12 (StreetBeat) -- Ramtron International Corporation (Nasdaq:RMTR), the leading developer and supplier of nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, today announced availability of its MaxReader Development Kit. Designed by Ramtron, the MaxReader Development Kit is a complete system for engineers to quickly evaluate,...more
First Solar (Nasdaq: FSLR): S&P Intraday Gainer
Northern, WI 6/12/12 (StreetBeat) -- First Solar (Nasdaq:FSLR) was the best-performing stock in the S&P 500 intraday Tuesday.The S&P 500 was falling about 1.5 points, or 0.1%, to 1,307.Shares of First Solar gained 10.38% to $13.61. The solar modules company is increasing production in its plants in Germany before they close at the end of 2012, according to Reuters. The production ramp-up is to meet increased demand,...more
Shelron (OTCBB:SRNG) Subsidiary Signs MOU to Acquire 7 Gold Exploration Licenses
Shawshank, VA 6/12/12 (StreetBeat) -- Shelron Group , Inc. (OTCBB:SRNG) (the "Company), is pleased to announce that it signed a binding MOU with openers of concessions in Chile, via its subsidiary Serena Gold LLC, to acquire seven gold exploration licenses in Northern Chile.The prospect is 1700 acres located about 5 ½ hours north of Santiago, Chile...more
Zynga (Nasdaq: ZNGA) Users Decline as More Facebook (Nasdaq: FB) Usage Goes Mobile
Orlando, FL 6/12/12 (StreetBeat) -- Shares of online games provider Zynga (Nasdaq:ZNGA) are down 55 cents, almost 10%, at $5 after Cowen & Co.’s Doug Creutz this morning reiterated a Neutral rating on the shares, writing that daily average unique users for its games, such as “Words with Friends,” declined by 4.8 million to 54.2 million...more
A123 (Nasdaq: AONE) says new battery technology to make EVs cheaper
Orlando, FL 6/12/12 (StreetBeat) -- A123 Systems Inc (Nasdaq: AONE) said it has developed a lithium ion battery technology that could eliminate the need for cooling and heating systems and reduce the cost of electric vehicles.The technology, called Nanophosphate EXT, is designed to prolong cycle life at extremely high temperatures and deliver high power even at low temperatures, the...more
Ramtron (Nasdaq: RMTR) Announces New Wireless Memory Development Kit
Northern, WI 6/12/12 (StreetBeat) -- Ramtron International Corporation (Nasdaq:RMTR), the leading developer and supplier of nonvolatile ferroelectric random access memory (F-RAM) and integrated semiconductor products, today announced availability of its MaxReader Development Kit. Designed by Ramtron, the MaxReader Development Kit is a complete system for engineers to quickly evaluate,...more