Tag - Answ

Zion Oil and Gas Inc. (Nasdaq:ZN), Optimer Pharmaceuticals Inc. (Nasdaq:OPTR) and Amedisys Inc. (Nasdaq:AMED) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: American Italian Pasta Co. (Nasdaq:AIPC), Answers Corp. (Nasdaq:ANSW), Cepheid (Nasdaq:CPHD), American Equity Investment Life Holding Co. (Nasdaq:AEL), Tredegar Corp. (Nasdaq:TG) and Sport Supply Group Inc. (Nasdaq:RBI).

Stone Energy Corp. (Nasdaq:SGY), CVR Energy Inc. (Nasdaq:CVI) and Answers Corp. (Nasdaq:ANSW) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Rome Bancorp Inc. (Nasdaq:ROME), Investors Title Co. (Nasdaq:ITIC), International Bancshares Corp. (Nasdaq:IBOC), Gamco Investors Inc. (Nasdaq:GBL), Westmoreland Coal Co. (Nasdaq:WLB) and Electro-Optical Sciences Inc. (Nasdaq:MELA).

Answers Corp. (Nasdaq:ANSW) and Lincoln Svcs Corp. (Nasdaq:LINC) are the new 52-week highs on Tuesday's session.

Emergent Group Inc. (Nasdaq:LZR), Answers Corp. (Nasdaq:ANSW) and VSE Corp. (Nasdaq:VSEC) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: American Science & Engineering Inc. (Nasdaq:ASEI), Applied Signal Technology Inc. (Nasdaq:APSG), Repros Therapeutics Inc. (Nasdaq:RPRX), NCI Inc. (Nasdaq:NCIT), Force Protection Inc. (Nasdaq:FRPT) and Ocwen Financial Corp. (Nasdaq:OCN).

Repros Therapeutics Inc. (Nasdaq:RPRX), China Sky One Medical Inc. (Nasdaq:CSKI) and Orchids Paper Products Co. (Nasdaq:TIS) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: VSE Corp. (Nasdaq:VSEC), Maxygen Inc. (Nasdaq:MAXY), American Italian Pasta Co. (Nasdaq:AIPC), Transmeta Corp. (Nasdaq:TMTA), Michael Baker Corp. (Nasdaq:BKR) and Answers Corp. (Nasdaq:ANSW).

California Water Service Group (Nasdaq:CWT), Answers Corp (Nasdaq:ANSW) and Maxygen Inc. (Nasdaq:MAXY) are among the new 52-week highs in Friday's trading among companies with market capitalizations under $1 billion.

Here are the new 52-week highs among small caps:

Safe Bulkers Inc. (Nasdaq:SB), Oneida Financial Corp. (Nasdaq:ONFC) and Coleman Cable Inc. (Nasdaq:CCIX) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Genco Shipping & Trading Ltd. (Nasdaq:GNK), Cutera Inc. (Nasdaq:CUTR), First Defiance Financial Corp. (Nasdaq:FDEF), Answers Corp. (Nasdaq:ANSW), Danaos Corp (Nasdaq:DAC) and Vitran Corp Inc. (Nasdaq:VTNC).

The Russell 2000 (NYSE:IWM) is soaring on news of strong earnings from other major players and despite a steep loss at Citigroup Inc. (NYSE:C). At 12:23 p.m. ET, the small-cap index had jumped 15.78 points, or 2.23%, to 723.78. The Dow Jones Industrial Average was up 261.85 points, or 2.07%, to 12,882.34.

Stocks small and large are posting impressive gains as investors hope that there is relief in sight for the financial sector.

The sentiment is based on Citigroup’s announcement before the opening that its first-quarter net loss was a ghastly $5.1 billion, or $1.02 per share, worse than the $0.95 per share expected by analysts.

However, investors were expecting worse and actually took the numbers as a bullish sign, particularly as revenues came in above expectations and write-downs from the credit crunch were not as bad as some feared.

With the financial sector posting gains, small caps are no exception. Shares of World Acceptance Corp. (Nasdaq:WRLD), which is in the small-loan consumer . . .

Answers Corp. (Nasdaq: ANSW), operator of Answers.com, reported in a regulatory filing that it is extending its advertising agreement with Google Inc. (Nasdaq: GOOG) for an additional two years.

Answers said the new contract will extend until January 2010. The new contract modifies the tiered schedule for determining Answers’ AdSense search and content revenue. The contract also allows Answers to implement Google’s search engine on its websites.

In late afternoon trading, ANSW shares are up 21.58%, or $1.50, at $8.45. Over the last 52 weeks, shares have ranged from $5.50 to $17.92.

Corgi International Ltd. (Nasdaq: CRGI), Verticalnet, Inc. (Nasdaq: VERT) and China BAK Battery Inc. (Nasdaq: CBAK) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

Answers Corp. (Nasdaq: ANSW), which owns and operates the website Answers.com, reported today that it has seen a drop in search engine traffic due to a search engine algorithmic adjustment by Google.

The company said that as a result of this development overall traffic is currently down approximately 28% from levels immediately prior to the change.

Shares of Answers dropped 6.53%, or $0.57, to $8.20 in pre-market trading.

Question: Does it make sense for a company with 2006 revenues of $7 million to spend $100 million in cash to buy another company with $7 million in 2006 revenues?

According to Answers Corp. – and a couple analysts whose banks make a market in the company – the answer is yes, at least if you look ahead a year.

Answers Corp. (Nasdaq: ANSW), which runs the information site Answers.com, announced on July 16 that it would pay that amount for Lexico Publishing Group, which owns Dictionary.com, Thesaurus.com and Reference.com.

Answers.com, launched in 1999, is trying to become the leading reference site on the Internet, while not competing directly with search engines. It started out as a site providing information about such topics as health, finance, business and entertainment, directing people to licensed information from sources such as Barron’s and Encyclopedia Britannica, as well as its own editorial team. Last November it paid $2 million for FaqFarm, now called WikiAnswers.com, a site that allows users to answer questions posted by others. Since then, WikiAnswers has become the second largest Q&A site on the Web, with 8.5% of the market as measured by visits, albeit far behind the leader, Yahoo! Inc.'s (Nasdaq: YHOO) Yahoo! Answers.

Investors understandably see this as a big and risky deal for a small company. Since the announcement on July 16, the stock has lost about $3, trading now at about $10.50. Its 52-week high was nearly $18 per share in early June, based mostly on rumors that it would be acquired, possibly by Google or another search engine. Its current market cap is $84 million.

The investors’ reaction is not a surprising one. Answers currently has just $9 million in cash and equivalents. In order to make the $100 million purchase, it has filed a shelf registration to sell up to $140 million in debt securities, common and preferred stock, warrants and units. Answers.com reported a $303,000 net loss on $3.4 million revenues for the first quarter ended March 31. For all of 2006, it had a net loss of $8.6 million on $7.0 million revenues. Privately-held Lexico had net income of $2.8 million on $7 million revenues for 2006, according to the press release on the acquisition.

But the two investment banks that follow Answers, both of which expect to provide investment banking services for the company in the next six months, believe the acquisition makes sense for 2008 profitability (the company expects the deal to close this fall.) That’s primarily because Lexico is not as good at creating revenues from its site visitors as is Answers.

MEDTOX Scientific, Inc. (Nasdaq: MTOX), Qiao Xing Universal Telephone Inc. (Nasdaq: XING) and Nautilus, Inc. (NYSE: NLS) are the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $500 million:

Here are today's biggest percentage losers:

Brean Murray maintained its "sell" rating on Neurochem Inc. (Nasdaq: NRMX).

 

These are the biggest percentage losers in Friday's trading among companies with market capitalizations under $500 million:

Supercomputer maker Cray Inc. (Nasdaq: CRAY) said Monday morning that revenue from its newest supercomputers will be less than 2007 expectations, possibly leading to a loss for the year.

A story on Yahoo! Finance said Answers Corp. (Nasdaq: ANSW) doesn’t look like it is going to be acquired. Google competitors don’t want to purchase Answers because the New York City-based Internet company, which hasn’t achieved profitability, gets most of its traffic through Google, the story said.

Bionovo Inc.’s (Nasdaq: BNVI) second phase trial for its oral drug MF101 showed positive results for treatment of hot flashes associated with menopause.

These are the biggest percentage losers in Monday's trading among companies with market capitalizations under $500 million:

The following are the most actively traded companies in pre-market trading among those with market capitalizations under $500 million:

Shares of Answers Corp. (Nasdaq: ANSW), the creator of Answers.com and operator of WikiAnswers, are trading higher following news that the New York-based company will integrate its reference tool on the news site WallSt.net.

Before the start of trading today, Answers said it will partner with business news website WallSt.net to provide one-click access to reference information.

These are the biggest percentage gainers among companies with market capitalizations under $500 million:

These are the biggest percentage losers among companies with market capitalizations under $500 million:

The Russell 2000 index is declining along with the other major U.S. indices, as investors continue to consolidate their gains.  Among specific small cap companies, shares of Orckit Communications Ltd. (Nasdaq: ORCT) are down on news of a quarterly loss, while Answers Corp. (Nasdaq: ANSW) announced it will not be profitable in the second quarter of 2007.

At 11:31 a.m. ET the Russell 2000 had shed 6.99 points, or 0.84 percent, to 824.28.  The Dow Jones Industrial Average was down 53.72 points, or 0.40 percent, to 13,259.25.

Shares of Answers Corp.’s (Nasdaq: ANSW) stock plunged by $3.14, or 22.2%, to $11 in after-hours trading today after the Israeli company reported first-quarter earnings that missed analysts’ earnings estimates but which exceeded revenue estimates. For the three months ended March 31, Answers reported non-GAAP net income of $103,000, or $0.01 per share, on revenue of $3.4 million, compared with a non-GAAP net loss of $750,000, or $0.10, on revenue of $1.2 million in the 2006 first quarter. Two analysts polled by Thomson First Call had estimated earnings per share of $0.02 on revenue of $2.99 million. The Jerusalem-based firm owns and operates Answers.com, an Internet information portal.

Overhill Farms Inc.’s (AMEX: OFI) stock rebounded by $0.77, or $12.9%, to $5.18 in after-hours trading today after closing down 12.5% following the company’s reporting fiscal second quarter income that came in below analysts’ estimates. For the quarter ended April 1, the Los Angeles, Calif.-based company said it earned $875,000, or $0.06 per share, on record revenue of $46 million, compared with net income of $1.2 million, or $0.08 per share, on revenue of $43.7 million in the prior year. One analyst polled by Thomson First Call had estimated earnings per share of $0.10 on revenue of $53 million. Overhill Farms supplies frozen foods to foodservice, retail and airline customers.