Tag - Igld

Sinovac Biotech Ltd. (Nasdaq:SVA), Nanometrics Inc. (Nasdaq:NANO) and Aspect Medical Systems Inc. (Nasdaq:ASPM) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Internet Gold-Golden Lines Ltd. (Nasdaq:IGLD), Blue Nile Inc. (Nasdaq:NILE), Big 5 Sporting Goods Corp. (Nasdaq:BGFV), Evercore Partners Inc. (Nasdaq:EVR), Radian Group Inc. (Nasdaq:RDN) and Broadpoint Gleacher Securities Group Inc. (Nasdaq:BPSG).

Matrixx Initiatives (Nasdaq:MTXX), A Power Energy Generation Systems Ltd (Nasdaq:APWR) and O2Micro International Ltd (Nasdaq:OIIM) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: JA Solar Holdings Co Ltd (Nasdaq:JASO), Molecular Insight Pharmaceuticals Inc (Nasdaq:MIPI), Savient Pharmaceuticals Inc (Nasdaq:SVNT), ImmunoGen Inc (Nasdaq:IMGN), Century Aluminum Co (Nasdaq:CENX) and Internet Gold-Golden Lines Ltd (Nasdaq:IGLD).

Century Aluminum Co. (Nasdaq:CENX), China Sunergy Co Ltd. (Nasdaq:CSUN) and EV Energy Partners L P (Nasdaq:EVEP) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ATP Oil & Gas Corporation (Nasdaq:ATPG), Chindex International Inc. (Nasdaq:CHDX), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Hercules Offshore Inc. (Nasdaq:HERO) and Internet Gold-Golden Lines Ltd. (Nasdaq:IGLD).

DryShips Inc. (Nasdaq:DRYS), CV Therapeutics Inc. (Nasdaq:CVTX) and Internet Gold-Golden Lines Ltd. (Nasdaq:IGLD) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Finish Line Inc. (Nasdaq:FINL), Canadian Solar Inc. (Nasdaq:CSIQ), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Sun Healthcare Group Inc. (Nasdaq:SUNH), Iconix Brand Group Inc. (Nasdaq:ICON) and Atlas America Inc. (Nasdaq:ATLS).

Here are the most actively traded companies among small caps:

Small-cap stocks pushed lower again Monday, unable to sustain a morning bounce fueled by sinking crude oil prices and oversold conditions. A decent recovery bounce in the final hour of trading lifted the market off the lows, but in the end, the Russell 2000 (NYSE:IWM) lost 7.51, or 1.13%, to 658.26, sinking to the lowest daily close since March 17.

Losses were likely magnified by a flight-to-quality away from stocks, with the yield on the benchmark 10-year note tumbling more than 2% at one point during the session to the lowest level since late May and the yield on the long bond was at the lowest point since late April before recovering in line with an afternoon bounce off the lows in stocks.

The inability for stocks to push higher in the face of a steep morning slide in energy prices brought with it a sobering reality: there are more things wrong with the market right now than just high crude oil prices.

Financial shares continue to plumb new lows as the credit crisis remains on the front burner. Overnight, bank stocks in Europe were sold off amid talk of further debt write downs and the need to raise capital to shore up balance sheets. Those worries clearly made it across the pond today as well, with the Financial Select Sector SPDR Fund sinking to six-year lows. The financial “spider” is now off 50% from the May 2007 record peak.

Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) were hammered today, both tumbling more than 14% amid talk that the nation’s largest provider of home mortgages will have to raise more capital to cover hefty losses. Other large-cap financial stocks taking a hit today included Lehman Bros. (NYSE:LEH), off some 7%, Merrill Lynch (NYSE:MER) down nearly 2%, Citigroup (NYSE:C), also . . .

Internet Gold-Golden Lines Ltd (Nasdaq:IGLD), Community Valley Bancorp (CA) (Nasdaq:CVLL) and Maguire Properties Inc (Nasdaq:MPG) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ARYx Therapeutics Inc (Nasdaq:ARYX), Spectrum Control Inc (Nasdaq:SPEC), Park View Federal Savings Bank (Nasdaq:PVFC), Cash America International Inc (Nasdaq:CSH), Marten Transport Ltd (Nasdaq:MRTN) and Waccamaw Bankshares Inc (Nasdaq:WBNK).

Here are the biggest percentage gainers among small caps:

After opening higher, small caps have cascaded into the red midday, despite a continued sell off in crude from its record levels throughout the session and ahead of second-quarter earnings.

At 12:51 p.m. ET, the Russell 2000 (NYSE:IWM) was down 8.35, or 1.25%, at 657.43, while the Dow was down 63.67, or 0.56%, at 11,224.87.

After breaching a new record level of above $145 a barrel ahead of the July 4th weekend, crude oil futures pulled back sharply today. Crude is off $5.12 to approximately $140 a barrel midday. The commodity is still up some 50% for the year.

Oil prices are seeing downward pressure, as tensions in the Middle East are deflating in the minds of oil traders. Iran's foreign minister Manouchehr Mottaki said in an interview with CNN on Sunday that Iran is now assessing western governments with a new point of view. The Iranian foreign minister also suggested Iran might entertain the idea of a compromise with its nuclear program. Also, the country is expected to meet with the European Union's head of foreign policy surrounding the country’s nuclear program.

Oil also sold off as the dollar rallied. The greenback was buoyed by weak output numbers in Germany and the United Kingdom as well as resistance to sell the dollar in the midst of the G-8 leaders open summit meeting today in Japan.

“For the U.S. dollar, it's a question of a global economic race to the bottom between Japan, Europe and the United States,” Andy Busch, global foreign exchange strategist for BMO Capital Markets, wrote in an email. “Whoever hits first and bounces wins.”  

Bottom fishers were prowling the Street earlier in the session, as valuations have been knocked down to the cheapest level since April. However, probable jitters that prelude second-quarter earnings results seemed to have superseded the low valuations that had clouded investors’ actions earlier today. Quarterly earnings results are expected to begin trickling in Tuesday, as Alcoa kicks off the season. Analysts expect this to be the fourth consecutive quarter of negative earnings. Analysts expect . . .

Internet Gold Golden Lines Ltd. (Nasdaq:IGLD) shares are up more than 7% in pre-market trading today after the Israel-based communications company announced late Sunday that Microsoft Corporation (Nasdaq:MSFT) will operate its MSN portal in Israel independently beginning in October. The company also announced early today its board of directors authorized the repurchase of about $21 million worth of ordinary shares. The company said this is the second repurchase program to be authorized.

Ahead of today’s opening bell, shares of Internet Gold are at $7.12, up $0.51 from Friday’s close.

The Russell 2000 (NYSE: IWM) futures are higher but the small-cap index will be weighed down by news of a decline in U.S. housing starts.

Housing starts in November declined 3.7% to a seasonally adjusted annual rate of 1.187 million, according to the U.S. Census Bureau. Economists were expecting a slightly steeper decline.

November housing starts are 24.2% below the revised annual rate of 1,565,000 units in November 2006.

The same report also showed that building permits, a sign of future construction, fell 1.5% to an annual rate of 1,152,000. That decline is in line with economists’ projections.

The numbers tell us that the housing situation remains dire and the sector remains in a slump.

The Russell 2000 (NYSE: IWM) futures have moved up slightly but the small-cap index will likely open flat.

With little on the economic calendar today, Wall Street will be paying attention to corporate earnings and looking out for more pain stemming from the subprime meltdown.

Investors will also be paying attention to data on manufacturing in November, which will be released after the start of trading, with economists expecting to see evidence of a slowdown in growth.

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:

Biggest percentage gainers:

• China Fire & Security Group, Inc. (CFSG), up 25%.
• JAKKS Pacific, Inc. (JAKK), up 9% on news a lawsuit filed against it by World Wrestling Entertainment Inc. (WWE) will be dismissed.
• Ampal-American Israel Corp. (AMPL), up 8% on news it has purchased a majority stake of an Israeli chemical distribution organization.

Biggest percentage losers:

• ParkerVision, Inc. (PRKR), down 17% after a weekend news article that questioned the viability of its technology.
• China Finance Online Co. Ltd. (JRJC) down 3%.
• Internet Gold Golden Lines Ltd. (IGLD) down 2%.

012 Smile.Communications LTD
www.012.net
NASDAQ: SMLC
Scheduled for Oct. 29
$375.7 million post-money valuation

Is it 1999 all over again? No matter how mature the Internet seems, investors want stock in it. Hence, Internet Gold - Golden Lines Ltd. (Nasdaq: IGLD), an Israeli telecommunications and Internet company, is spinning off its 012 Smile.Communications subsidiary, which operates a broadband Internet service, VoIP-based telephone and business services, and a network of Wi-Fi Internet access spots throughout Israel. After the deal closes, Internet Gold will own 73.3% of the 012 Smile.Communications business and all of its Smile.Media business, which provides online content, advertising, commerce and search services.

Internet Gold hopes to net about $91.3 million from the offering of 6,675,000 shares at a price between $14 and $16 per share. (All numbers are in U.S. dollars on U.S. GAAP.) Of the proceeds from the offering, $41.0 million will go to pay off debt, debentures, and a contingent payment stemming from its December 2006 acquisition of 012 Golden Lines, an Internet service provider (ISP) that was rolled into Smile.Communications. The rest of the funds will go to general corporate purposes, possibly including acquisitions. Acquisitions aside, the big source of growth will be telephone services. Israel is a tiny country. Its citizens come from all over the world, and its businesses (including Internet Gold) rely on customers and partners all over the place. Hence, it’s easy for people to run up big long-distance bills, and that makes alternatives attractive. Already, the company captures 34% of incoming and outgoing international call minutes within Israel.

Although 012 Smile.Communications is the second largest ISP in Israel with about a third of the market, it generated just $244.4 million in revenue from one million residential and business customers in 2006 on a pro-forma basis. To put that in perspective, Comcast Corporation (Nasdaq: CMCSA), which is the second largest ISP in the United States with about 12% of the market, brought in over $24.9 billion in total revenue last year, although the company did not break down how much of those sales came from its 11 million Internet subscribers and how much came from customers using television and telephone services.

During a morning conference call, executives of Internet Gold Golden Lines Ltd. (Nasdaq: IGLD) said the Internet communications company will benefit from Internet media spending and synergies from its merger with Smile.Communications, and that the company will overcome legal problems.

“We continue to benefit from a significant ramp-up of Internet media budgets, a trend which we believe has the power to become a significant driver of our growth over the long-term,” CEO Eli Holtzman said during the call.

On July 8, Internet Gold was ordered by Israel’s Supreme Court to temporarily discontinue its ad campaign for its voice-over-broadband service, because of a claim by a competitor. Because of the lawsuit, Internet Gold is limiting its voice-over-broadband marketing to its existing customer base.

Holtzman said the company plans to benefit from the opening of Israeli telephony to competition, the continued increase of Internet usage and the shift of media budgets to the Internet.

“Looking forward, we believe these trends have the power to continue building our revenues strongly,” Holtzman said. “We are optimistic as we look to the future.”

Before the opening bell, Internet Gold reported that its second-quarter net income more than tripled compared with the year-ago period. The results were enhanced by Internet Gold’s merger with communications company 012 Smile.Communications that was completed in February. In a non-audited release, Internet Gold reported its net income rose to $5.1 million, or $0.24 a share, during the three months ended June 30, up from $1.5 million, or $0.08 a share, a year earlier. The company’s revenue soared to $66.7 million, up from $21.5 million during the same period of 2006.

The company’s merger plans are on track and Internet Gold expects to “realize the full effect of the merger’s synergies towards early 2008,” Holtzman said.

“The second quarter is always a period of relatively weak demand but the foundation of the business is strong,” he said. “Voice-over-broadband revenue is building gains. Our business integration sector continues to perform on track.”

Costs rose along with revenue. During the second quarter, the firm’s total costs and expenses increased to $59.8 million, from $19 million a year earlier. The company’s non-audited results do not include non-cash amortization expenses and non-recurring expenses related to the merger, Holtzman said.

Wireless communications coverage solutions provider Telestone Technologies Corp. (Nasdaq: TSTC) announced Thursday it won the bids for the TD-SCDMA trunk amplifiers and combiners from China Mobile LTD TD-SCDMA trial networks.

Ethonal producer Pacific Ethanol Inc. (Nasdaq: PEIX) hired Douglas Jeffries as its new CFO. Jeffries previously served as has more vice president of finance and chief accounting officer at eBay Inc as well as worked in finance and technology at GenCorp, Red Herring Communications, Cardinal Health and Price Waterhouse Coopers.

Neurochem Inc. (Nasdaq: NRMX) announced it received a third recommendation from the European Data Safety Monitoring Board to continue its ongoing European Phase III clinical trial for tramiprosate, Neurochem's investigational product candidate for the treatment of Alzheimer's disease.

Shares of G. Willi-Food International Ltd. (Nasdaq: WILC) are rising on news this morning that the Israeli food importer reported a first-quarter 2007 net income of $1.6 million, or $0.15 per share, compared with a net income of $5.5 million, or $0.63 per share, recorded in the first quarter of 2006.  Wall Street was expecting earnings of $0.14 per share.  The stock is up $0.06, or 1%, to $7.96.

The following are the most actively traded companies in pre-market trading among those 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:

The following were the most actively traded companies in Tuesday's trading among those with market capitalizations under $500 million:

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

Calymont, Del.-based Claymont Steel Holdings, Inc. (Nasdaq: PLTE), a non-union mini mill that manufacturers steel plates, reported after Monday’s close that it lost $8.8 million, or $0.50 per share, in the first quarter of 2007, primarily because it incurred $14.6 million of after-tax refinancing charges.  Analysts expected earnings of $0.48 per share.  Nevertheless, the stock is up $0.19, or 1%, to $22.23.

Shares of ICF International, Inc. (Nasdaq: ICFI) are trading higher on news after Monday’s close that the Fairfax, Va.-based consulting company reported earnings that beat expectations.

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

To say the Internet has become ubiquitous is to belabor the obvious, yet it bears repeating.  For businesses, the Internet has created a significant communications and sales channel, enabling organizations to reach and engage with geographically dispersed consumers, suppliers and business customers in real-time.  In terms of consumers, according to a Yankee Group survey, European broadband users spend more time on the Internet than watching TV. 

An increasing number of companies provide information and conduct e-Commerce over the Internet, and as a result, Internet operations are critical to the commercial and communications operations of most businesses.  Most businesses seek outsourcing arrangements to assure their Web presence because they lack the resources and expertise to develop, maintain and improve the facilities and systems necessary for successful Internet operations.
 
Thus, there is increasing demand for ISPs such as Internet Gold to offer turnkey Internet services, including Web hosting, server co-location, remote account management, e-Commerce and other value-added services.  This, in turn expands an ISP’s potential revenue streams from basic monthly access fees to other fees, including set-up and maintenance charges.

These are the most actively traded stocks in pre-market trading among companies with market capitalizations under $500 million:

To say the Internet has become ubiquitous is to belabor the obvious, yet it bears repeating.  For businesses, the Internet has created a significant communications and sales channel, enabling organizations to reach and engage with geographically dispersed consumers, suppliers and business customers in real-time.  In terms of consumers, according to a Yankee Group survey, European broadband users spend more time on the Internet than watching TV.
 
An increasing number of companies provide information and conduct e-Commerce over the Internet, and as a result, Internet operations are critical to the commercial and communications operations of most businesses.  Most businesses seek outsourcing arrangements to assure their Web presence because they lack the resources and expertise to develop, maintain and improve the facilities and systems necessary for successful Internet operations. 

Thus, there is increasing demand for ISPs such as Internet Gold to offer turnkey Internet services, including Web hosting, server co-location, remote account management, e-Commerce and other value-added services.  This, in turn expands an ISP’s potential revenue streams from basic monthly access fees to other fees, including set-up and maintenance charges.