TheStreet Search RSS Feed: Marc Chandler

InterDigital Innovation Challenge Finalists Announced

Wed, 16 May 2012 16:34:00 EDT

The finalists of the InterDigital Innovation Challenge (I 2C), a student wireless engineering competition organized by InterDigital (NASDAQ: IDCC) and the California Institute for Telecommunications and Information Technology (Calit2) at the University of California, San Diego, were announced yesterday evening. The finalists – 11 teams from across the United States and Canada – will now progress through the competition and vie for $175,000 in total prize money.

The finalist announcement was made at the Commnexus Industry Leaders event highlighting InterDigital’s technology. At the event, Naresh Soni, InterDigital’s Chief Technology Officer, and James Nolan, Executive Vice President, Research & Development, discussed the LTE landscape and specific strategies for addressing content, bandwidth and spectrum issues before an audience of more than 100 engineers and technology executives. ...

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Jack In The Box Inc. Reports Second Quarter FY 2012 Earnings; Updates Guidance For FY 2012

Wed, 16 May 2012 16:01:00 EDT

Jack in the Box Inc. (NASDAQ: JACK) today reported net earnings of $21.6 million, or $0.48 per diluted share, for the second quarter ended April 15, 2012, compared with net earnings of $6.8 million, or $0.13 per diluted share, for the second quarter of fiscal 2011.

Operating earnings per share, a non-GAAP measure which the company defines as diluted earnings per share on a GAAP basis less gains from refranchising, were $0.27 per diluted share compared with $0.12 per diluted share in the prior year quarter. A reconciliation of non-GAAP measurements to GAAP results is attached to this release. Included in operating earnings per share were re-image incentive payments of $0.8 million, or approximately $0.01 per share in the second quarter of 2012 as compared to $1.4 million, or approximately $0.02 per share in the prior year quarter. ...

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NCM Media Networks Debuts Upfront Event Unveiling New Ways To Reach Moviegoers

Wed, 16 May 2012 14:30:00 EDT

Taking its place among the top national media networks for the first time, NCM Media Networks (NCM), a leading integrated media company reaching U.S. consumers in movie theaters, online and through mobile technology, unveiled new ways to reach moviegoers at its “The Bigger Picture” upfront presentation at the AMC Lincoln Square movie theater in New York.

The NCM network is one of America’s top rated networks every week and the number one rated network on weekends, with an annual audience currently exceeding 700 million moviegoers. With “The Avengers” just posting the highest-ever opening weekend for a film and both box office and attendance up over 19 percent this year*, it’s a great time for brands to be at the movies. ...

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UTStarcom Holdings' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Wed, 16 May 2012 13:23:04 EDT

UTStarcom Holdings Corp (UTSI)

Q1 2012 Earnings Call...

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Velti Stock Falls On Unusually High Volume (VELT)

Wed, 16 May 2012 09:50:16 EDT

NEW YORK (TheStreet) -- Velti (Nasdaq:VELT) is trading at unusually high volume Wednesday with four million shares changing hands. It is currently at 4.2 times its average daily volume and trading down $1.61 (-18.7%) at $6.99 as of 10:27 a.m. ET.

Velti has a market cap of $525.5 million and is part of the technology sector and computer software & services industry. Shares are up 26.5% year to date as of the close of trading on Tuesday. ...

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DDMG Beats Revenue And Earnings Estimates, Reporting 1st Quarter Revenues Of $31.1 Million And EPS Loss Of $0.37 Per Share

Wed, 16 May 2012 09:29:00 EDT

Digital Domain Media Group (NYSE: DDMG) today reported revenue of $31.1 million and a GAAP net loss attributable to common stockholders of $14.8 million, or $0.37 per basic share, for the first quarter ended March 31, 2012. For clarification purposes, the company’s results exceeded consensus analyst estimates of $26.5 million in revenues and a consensus expected GAAP net loss of $17.1 million, or $0.40 per basic share.

“We are continuing to build our company beyond the traditional work-for-hire VFX business,” said John Textor, Chairman and CEO of Digital Domain Media Group. “In the first quarter, we made significant progress as we opened Tradition Studios, our original-content family feature animation studio, began classroom instruction at the Digital Domain Institute and started filming on our first feature film co-production, the highly anticipated and globally recognized Ender’s Game. More recently, the first product of our Virtual Performance business, a virtual Tupac Shakur who performed at the Coachella Music festival, launched an entirely new form of entertainment.” ...

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Home Energy Management

Wed, 16 May 2012 07:33:08 EDT

NEW YORK, May 16, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

...

Furmanite Corporation Stock Downgraded (FRM)

Wed, 16 May 2012 05:01:14 EDT

NEW YORK (TheStreet) -- Furmanite Corporation (NYSE:FRM) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.

Highlights from the ratings report include: Although FRM's debt-to-equity ratio of 0.27 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 2.51, which clearly demonstrates the ability to cover short-term cash needs. The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Construction & Engineering industry and the overall market, FURMANITE CORP's return on equity exceeds that of both the industry average and the S&P 500. FRM, with its decline in revenue, underperformed when compared the industry average of 14.7%. Since the same quarter one year prior, revenues slightly dropped by 1.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. The gross profit margin for FURMANITE CORP is currently lower than what is desirable, coming in at 27.10%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -1.20% trails that of the industry average. Net operating cash flow has significantly decreased to -$0.53 million or 2012.00% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower. . ...

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Alvarion® Reports Q1 2012 Results

Wed, 16 May 2012 01:30:00 EDT

Alvarion Ltd. (NASDAQ:ALVR) a provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, today announced its financial results for the first quarter of 2012.

Q1 Highlights: Revenues of $33.3 million, a 19% sequential decrease Gross margin of 40.2%, an increase from gross margin of 38.3% in Q4 of 2011 GAAP net loss of ($0.11) per share; non-GAAP net loss of ($0.09) per share The company is now referring to its lines of business as follows: Carrier licensed solutions (access solutions in licensed frequencies primarily based on WiMAX), approximately 50% of total revenues in Q1 Vertical solutions (mainly license-exempt access solutions for non-carrier private networks such as municipalities and enterprises), approximately 30% of total revenues in Q1 Carrier unlicensed solutions (solutions for access, cellular offload, and in-building coverage for mobile carrier networks using license-exempt frequencies), approximately 20% of total revenues in Q1 ...

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American Realty Investors, Inc. Reports First Quarter 2012 Results

Tue, 15 May 2012 18:04:00 EDT

American Realty Investors, Inc. (NYSE:ARL), a Dallas-based real estate investment company, today reported results of operations for the first quarter ended March 31, 2012. ARL announced today that the Company reported net loss applicable to common shares of $7.5 million or $0.65 per diluted earnings per share, as compared to a net loss applicable to common shares of $9.8 million or $0.85 per diluted earnings per share for the same period ended 2011. Included in the net loss applicable to common shares of $7.5 million is $5.7 million in depreciation and amortization expense for the three months ended March 31, 2012. For the same period ending March 31, 2011, included in the net loss applicable to common shares of $9.8 million is $7.2 million in depreciation and amortization expense and $6.1 million of impairment reserves on real estate assets and notes receivable.

Rental and other property revenues were $30.3 million for the three months ended March 31, 2012. This represents an increase of $2.4 million, as compared to the prior period revenues of $27.9 million. This change, by segment, is an increase in the apartment portfolio of $2.7 million, offset by decrease in the commercial portfolio of $0.1 million and decrease in the land and other portfolios of $0.2 million. Within the apartment portfolio, there was an increase of $2.2 million due to the developed properties in the lease-up phase and an increase of $0.5 million in the same property portfolio. Within the commercial portfolio, the same property portfolio decreased by $0.1 million. Over the past several years, we have directed our efforts to apartment development and put some of our land development projects on hold until the economic conditions turn around. We continue to market our properties aggressively to attract new tenants and strive for continuous improvement of our properties in order to maintain our existing tenants. ...

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Penson Reports Advanced Strategic Discussions And 1Q12 Results

Tue, 15 May 2012 18:03:00 EDT

Penson Worldwide, Inc. (NASDAQ: PNSN) reported today that it is actively engaged in advanced discussions regarding strategic transactions and will provide further information when appropriate. The Company also reported results from continuing operations for the first quarter ended March 31, 2012 and the filing of its related Form 10-Q.

Penson noted that it has not reached a final agreement with its note holders to exchange their notes for new securities under the proposed exchange offer previously announced, but is continuing with its efforts to restructure its balance sheet. Meanwhile, Penson announced that it made its scheduled interest payment today of $12.5 million on its 12.5% Senior Secured Second Lien Notes due 2017. ...

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F5 Networks Inc. (FFIV): Today's Featured Computer Software & Services Loser

Tue, 15 May 2012 17:01:29 EDT

F5 Networks (FFIV) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services loser. The industry as a whole closed the day up 0.1%. By the end of trading, F5 Networks fell $1.65 (-1.3%) to $123.88 on average volume. Throughout the day, 1.4 million shares of F5 Networks exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $123.29-$126.58 after having opened the day at $125.81 as compared to the previous trading day's close of $125.53. Other company's within the Computer Software & Services industry that declined today were: DynaVox (DVOX), down 26.5%, Helios & Matheson Information Technology In (HMNY), down 17.9%, Wave Systems Corporation (WAVX), down 11%, and Official Payments Holdings (OPAY), down 7.3%.

F5 Networks, Inc. provides application delivery networking technology that optimizes the delivery of network-based applications, and the security, performance, and availability of servers, data storage devices, and other network resources in the Americas, EMEA, Japan, and the Asia Pacific. F5 Networks has a market cap of $10 billion and is part of the technology sector. The company has a P/E ratio of 38.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 18.3% year to date as of the close of trading on Monday. Currently there are 18 analysts that rate F5 Networks a buy, no analysts rate it a sell, and 11 rate it a hold....

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Mobile Telesystems OJSC (MBT): Today's Featured Technology Loser

Tue, 15 May 2012 17:01:23 EDT

Mobile Telesystems OJSC (MBT) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 0.5%. By the end of trading, Mobile Telesystems OJSC fell 34 cents (-2%) to $16.42 on average volume. Throughout the day, three million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $16.34-$16.73 after having opened the day at $16.56 as compared to the previous trading day's close of $16.76. Other company's within the Technology sector that declined today were: Enova Systems (ENA), down 36.4%, DynaVox (DVOX), down 26.5%, Telestone Technologies Corporation (TSTC), down 18.9%, and Helios & Matheson Information Technology In (HMNY), down 17.9%.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $17.28 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 18.4% year to date as of the close of trading on Monday. Currently there are four analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and one rates it a hold....

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Cognizant Technology Solutions Corporation (CTSH): Today's Featured Computer Software & Services Winner

Tue, 15 May 2012 17:00:50 EDT

Cognizant Technology Solutions Corporation (CTSH) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Cognizant Technology Solutions Corporation rose $1.16 (1.9%) to $61.20 on average volume. Throughout the day, 4.4 million shares of Cognizant Technology Solutions Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in a price between $60.22-$62.04 after having opened the day at $60.23 as compared to the previous trading day's close of $60.04. Other companies within the Computer Software & Services industry that increased today were: OPNET Technologies (OPNT), up 23.7%, Cornerstone OnDemand (CSOD), up 14.7%, Glu Mobile (GLUU), up 9.9%, and icad (ICAD), up 8.5%.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Cognizant Technology Solutions Corporation has a market cap of $18.66 billion and is part of the technology sector. The company has a P/E ratio of 20.6, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 4.7% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and one rates it a hold....

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Chipotle Mexican Grill Inc. (CMG): Today's Featured Leisure Winner

Tue, 15 May 2012 17:00:44 EDT

Chipotle Mexican Grill (CMG) pushed the Leisure industry higher today making it today's featured leisure winner. The industry as a whole closed the day up 0.1%. By the end of trading, Chipotle Mexican Grill rose $3.11 (0.8%) to $403.03 on average volume. Throughout the day, 456,265 shares of Chipotle Mexican Grill exchanged hands as compared to its average daily volume of 545,700 shares. The stock ranged in a price between $399.88-$407 after having opened the day at $400 as compared to the previous trading day's close of $399.92. Other companies within the Leisure industry that increased today were: Ignite Restaurant Group (IRG), up 6.2%, Marcus Corporation (MCS), up 5.4%, PokerTek (PTEK), up 5%, and Einstein Noah Restaurant Group (BAGL), up 4.5%.

Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, and England. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. Chipotle Mexican Grill has a market cap of $12.94 billion and is part of the services sector. The company has a P/E ratio of 56.2, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 20.9% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Chipotle Mexican Grill a buy, two analysts rate it a sell, and 11 rate it a hold....

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