Saturday, May 5, 2012

(CLNO, ABT, HIS, CGR) Stock Highlights by

Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy ( This project could benefit the Company’s manufacturing clients worldwide.

Biomass is a renewable, low carbon fuel that is already widely available throughout the UK. Its production and use also brings additional environmental and social benefits. Correctly managed, biomass is a sustainable fuel that can deliver a significant reduction in net carbon emissions when compared with fossil fuels.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit, Inc. visit its website

Abbott Laboratories (NYSE:ABT) announced that the first patient in Japan has been treated with the ABSORB� bioresorbable vascular scaffold (BVS) as part of the ABSORB EXTEND clinical trial. Abbott’s BVS restores blood flow by opening a clogged vessel and providing support to the vessel until the device dissolves within approximately two years, leaving patients with a treated vessel free of a permanent metallic implant.

Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide.

IHS Inc. (NYSE:HIS), the leading global source of information and analysis, announced it has completed the closing of its acquisition of Seismic Micro-Technology (SMT), a market leader for geoscience software. The acquisition closed for $500 million in cash and is the largest acquisition in IHS history.

IHS Inc. provides critical information and insight products and services.

Claude Resources, Inc. (AMEX:CGR) is pleased to announce positive metallurgical and engineering results from testwork at the 15,400 hectare Amisk Gold Project in northeastern Saskatchewan, Canada. The Amisk Gold Project is located 20 kilometres southwest of Flin Flon, Manitoba and is a 65:35 Joint Venture between Claude and St. Eugene Mining Corporation; Claude is the operator of the Joint Venture.

Claude Resources Inc. engages in the acquisition, exploration, and development of precious metal properties, as well as production and marketing of minerals in Canada.

Friday, May 4, 2012

RIM: Street’s Lackluster Response To DevCon

Shares of Research in Motion (RIMM) are down 51 cents, or 2%, at $22.70 as the company goes into day two of its “DevCon” developer event in San Franciso.

Yesterday RIM showed some impressive demos of the technology in its “QNX” operating system using the PlayBook tablet computer to run games and fluid user interface elements. Some were disappointed, however, by the lack of detail about future BlackBerry units running on what RIM is calling “BBX,” its new integrated software platform.

Tavis McCourt with Morgan Keegan today reiterates a Market Perform rating on RIM shares and a $37 price target, writing “DevCon was underwhelming in terms of tangible new products.” There was no timeline offered for the release of BBX, nor for phones running on it.

“RIM is clearly becoming much more developer friendly,” writes McCourt, noting that RIM has a new head of developers, Alec Saunders. “But judging by the mood of developers at the show, one wonders if it is too little too late (at least in the US).”

The show seemed more lightly attended than last year, although not an embarrassment by any means. Most of the developers, like last year, were primarily Blackberry only developers. However, whereas last year about 100% of the smartphones carried by these developers were Blackberries, we would estimate about 1/3rd were carrying iPhones this year (very little Android interestingly). The vast majority of developers we met were from Canada, Latin America, and just about everywhere except the Bay Area. It remains shocking how little developer support RIM has in what is arguably the application development capital of the world.

RBC Capital’s Mike Abramsky says there was little here for investors to chew on.

“RIM did not demo nor announce any new hardware (e.g. QNX smartphones or updated PlayBooks) or launch timings, or announce new content or apps (beyond what it has previously said) or demonstrate its Android App Player,” writes Abramsky. “Additionally, RIM did not provide details on the BlackBerry Video Store as media generally expected.”

He thinks there may be “higher profile announcements” later this year or early next, when QNX phones are expected to come out.

Abramsky maintains a Sector Perform rating on RIM shares.

Mike Walkley with Canaccord Genuity reiterates a Hold rating and a $28 price target.

He liked what he saw in the BBX demos, but he thinks the software still has to improve to be competitive with Apple’s (AAPL) iOS and Google’s (GOOG) Android software.

We were impressed with new BBX features including Adobe Air 3.0 support, BlackBerry Runtime (Android app support), and hardware acceleration capabilities with OpenGL and Open AL support. While we view these features as marked improvements versus BB OS and QNX, we believe BBX needs further improvement to compete against the developer environments of Android and iOS.

Like Abramsky and McCourt, he notes the lack of detail about timing of the BBX-based smartphones. When those phones ship, which he thinks will be “mid-2012,” they face “intensifying smartphone competition,” as Microsoft’s (MSFT) “Windows 7.5” OS battles for developer support as well.

Thursday, May 3, 2012

RIM Looks Grim

By Chris Velazco

Research in Motion (RIMM) has just releasedtheir Q3 earnings, and the figures are about as rough as we expected: the Waterloo-based company pulled in $5.2 billion during the past quarter — a considerable bump over their Q2 performance, but still a 6% drop year-over-year.

Nearly 80% of the company’s revenue came from hardware sales, with RIM shipping 14.1 million BlackBerry handsets during the quarter. As expected, performance of the company’s beleaguered PlayBook wasn’t up to snuff yet again. The company only shipped around 150,000 of their ailing PlayBook tablets this quarter, down from nearly 200,000 shipped in Q2. To be honest, it’s a bit of surprise that they sold that many, although the company has been getting aggressive with PlayBook price cuts and promotions.

Ever the optimists, RIM co-CEOs Jim Balsillie and Mike Lazaridis kept up a hopeful tone while they commented on the company’s financials.

“Despite the challenges faced in the third quarter, the BlackBerry subscriber base grew to almost 75 million customers around the world,” they said in a recent release.

“RIM continues to have strong technology, unique service capabilities and a large installed base of customers, and we are more determined than ever to capitalize on our strengths to overcome the recent execution challenges surrounding product launches and the resulting financial performance.”

While I have to give them props for essentially acknowledging that the PlayBook was/is a flop, it’s not the only problem that RIM has had to face in recent months. There was of course themulti-day outage that struck users across the globe, not to mention the naming snafuthey encountered when trying to brand their new OS.

RIM expects this next quarter to be even grimmer: they forecast revenues of between $4.6 and $4.9 billion, and they expect to ship between 11 and 12 million BlackBerrys. The company’s earnings conference call is about to kick off, and we’ll be sure you keep you updated with any new details.

UPDATE: RIM co-CEOs Jim Balsillie and Mike Lazaridis will only draw a yearly salary of $1, effective immediately.

Original post

How To Profit From The New iPad: 7 Investment Ideas

The launch of a new Apple (AAPL) product is not only of great importance to Apple and its customers, but also to its suppliers. A contract to supply Apple with components for its iDevices can be one of the most lucrative design wins a technology company can have.

With the new iPad now in stores, we can take a look to see which companies have a presence in it. Thanks to iFixit, we once again have a detailed teardown of the iPad, and can see which companies have made it into the new device. These companies, which we highlight below, all have healthy balance sheets (cash per share amounts are derived from the most recent quarterly earnings release and represent fully diluted amounts). While many of them are approaching consensus price targets on the Street, we think that in the weeks to come, they will see increases in earnings estimates and price targets as analysts adjust their models to account for the impact of the iPad on their bottom lines.

We chose not to include ARM Holdings (ARMH) at this point in time, it should be well known that ARM is the company that is more at the center of the smartphone and tablet revolution than any other, given that the vast majority of mobile devices run on its processing technology.

  1. Qualcomm (QCOM): As one of the largest semiconductor companies in the world, and the second largest by market capitalization [behind Intel (INTC)], Qualcomm is a dominant force in the mobile world. With its 3G and 4G patents, Qualcomm dominates the networking chip space, and the iPad is no different. Qualcomm has 3 of its chips present in the new iPad. The first is a power management chip, the second is the 3G/4G transceiver and the third is the 3G/4G wireless modem. Given that one of the new iPad's strongest selling points is its 4G LTE connectivity, there should be a much higher proportion of cellular iPads sold this time around, relative to previous versions. Analysts at FBR Capital agree, and note that the new LTE iPad could generate up to $650 million in incremental revenue for Qualcomm this fiscal year, which translates into an EPS boost of 10-11 cents. For the record, Qualcomm's EPS for fiscal 2011 was $2.52. Qualcomm has $21.978 billion in cash on the balance sheet, which works out to $13 per share in cash. The Reuters average price target for shares of Qualcomm currently stands at $69.88, representing upside of 6.83%.
  2. Broadcom (BRCM): Perhaps no major semiconductor company is as levered to Apple as Broadcom. Apple is Broadcom's largest customer, accounting for 13.1% of sales in 2011, up from 10.9% in 2010. While some may worry about what would happen should Broadcom be displaced in Apple's iDevices, we think that is a remote possibility. Broadcom's technology is too integral and advanced to be easily replaced by a competitor. Broadcom has 3 chips present in the new iPad, including the baseband and radio chip, the I/O controller, and a microprocessor. In addition to its presence in the iPad, Broadcom is working hard to make inroads in the low-end Android market, where supplier profits depend on volume, and not the profits of their OEMs. Given that collectively, Android smartphones outsell the iPhone (even though Apple has the vast majority of profits), this presents another opportunity for Broadcom. At the end of 2011, Broadcom had net cash of $4.009 billion on the balance sheet, which represents about $7.12 per share in cash. The Reuters average price target for Broadcom currently stands at $41.13, representing upside of 8.78% at current prices.
  3. Avago (AVGO): Avago is a Singapore-based semiconductor company that is a relatively new presence in the iPad ecosystem. Avago has 2 chips present in the new iPad, the A5904 (processing), and the A7792 (logic board). For Avago, these design wins are an incremental positive, for the company will benefit from the increase in LTE adoption and wins in 3G connectivity as well, taking its share of that segment from essentially nothing in the iPad 2. Avago has $819 million of cash on the balance sheet, and no debt, which works out to $3.24 per share in cash. The current Reuters average price target for Avago is $41.19, which represents upside of 8.68% from current levels.
  4. Skyworks Solutions (SWKS): Skyworks Solutions is continuing its history of being in the iDevice ecosystem, with 2 of its chips present in the new iPad; the SKY77468-17 front-end module and the Skyworks 77469 chip. DA Davidson believes that Skyworks has the most to gain from the new iPad, and rates the stock as its "Pick of the Year," with a $32 price target (Skyworks is at $28.05 as of this writing). Like the companies above, Skyworks looks healthy with $429.825 million in cash on the balance sheet, which is equal to about $2.27 in cash per share. The current Reuters average price target for Skyworks Solutions stands at $29.94, which represents upside of 6.74% at current levels.
  5. Cirrus Logic (CRUS): If there is one company that can be defined as a pure play on Apple's iDevices, then it is Cirrus Logic. In fiscal 2011 (which ended in March 2011), Apple accounted for 47% of Cirrus Logic's sales. While this is a much larger proportion of sales from Apple than Broadcom, Cirrus Logic has a market capitalization ($1.6 billion) that is almost 13 times smaller than that of Broadcom. Although Cirrus Logic has just one chip in the new iPad-- its audio codec chip, given the fact that almost half of Cirrus Logic's sales come from Apple, each additional iPad sold has more of an impact on Cirrus Logic. However, this does present additional risk. While Cirrus Logic is the leader in this particular segment and has had a presence in the Apple ecosystem for a long time, there is no guarantee that it will continue to be present in Apple's iDevices. As such, any loss of business at Apple will be far more serious for Cirrus Logic than the companies described above. Cirrus Logic has $157.444 million in cash on the balance sheet, and no debt, which works out to $2.35 per share in cash. The current Reuters average price target for Cirrus Logic currently stands at $28.80, representing upside of 19.75% at current levels.
  6. Fairchild Semiconductor (FCS): Fairchild is seen by many as the founder of the semiconductor industry, for it was founded in 1957 by a group of 8 men that included Robert Noyce and Gordon Moore, who would go on to found Intel. The first commercially practical integrated circuit was invented at Fairchild. Fairchild has found its way into the new iPad, which includes Fairchild's FDMC 6683 power management chip. Fairchild has $23.2 million in net cash on the balance sheet, which works out to 18 cents per share in cash. The Reuters average price target for Fairchild Semiconductor currently stands at $16, which represents upside of 10.8% at current levels. We should note that while Fairchild has a balance sheet that is relatively weak compared to the companies mentioned above, investor perceptions of the company could likely improve as the addition of Apple as a customer begins to show up in the company's income statements.
  7. OmniVision Technologies (OVTI): Shares of OmniVision have been on quite a ride in the past year, which serves as proof of what happens when a company loses a supplier position in one of Apple's iDevices. The shares have dropped over 36% in the past year, due in large part to the fact that Omnivision lost out on the image sensor spot in the iPhone 4S to Sony (SNE). Since then, there has been intense speculation as to whether or not Omnivision will remain in Apple's other devices. The teardown of the new iPad reveals that OmniVision has won the primary image sensor contract. In addition, OmniVision is also supplying the secondary image sensor on the new iPad's front camera. OmniVision has $314.25 million in net cash on the balance sheet, which works out to $5.59 per share in cash. The current Reuters average price target on shares of OmniVision is $19.29, which represents upside of 2.17% at current levels. The fact that OmniVision trades this close to the consensus price target can be interpreted as a sign of the Street's lingering skepticism about OmniVision's future as an Apple supplier. We recommend that investors evaluate their interpretation of OmniVision's place in the Apple ecosystem before they decide whether or not to invest in the company.

We should note that there are 4 other companies that have a presence in the iPad: TriQuint (TQNT), Toshiba, Elpida, and Texas Instruments (TXN). However, we do not think these are companies worth investing in based on the iPad alone. TriQuint has a spotty track record of maintaining profitability. In a year when almost every semiconductor company posted record profits, TriQuint's profits plunged from $1.17 per share in 2010 to $0.27 in fiscal 2011. We do not have enough confidence in TriQuint's financial position at this time. However, we will monitor the company's results in the quarters to come to see if it has steadied itself.

Toshiba's flash memory is in the iPad, but we do not see the company as one to invest in because of the iPad for several reasons. First, Toshiba is a difficult stock to invest in for American investors, given that its ADRs trade on the Pink Sheets. Secondly, while Toshiba's electronics business is larger, it is but one of the many operating divisions of Toshiba, and it will be difficult for sales of the iPad alone to meaningfully boost Toshiba's bottom line. Third, Toshiba's profits are influenced by the yen, which, while lower than its post-war highs, is still presenting challenges for Toshiba and other major Japanese corporations.

Elpida's RAM is present in the new iPad, but the company is in bankruptcy. It also suffers from the same foreign exchange pressures that other Japanese companies face.

While we think that Texas Instruments is a fine company and a good long-term investment, the reason we do not highlight it as an iPad investment is because wireless & mobile chip sales account for just 18% of its overall revenue, whereas Broadcom (Texas Instruments' most direct competitor) generates 47% of its revenue from its wireless & mobile business. As such, we do not think the iPad will make a meaningful contribution to Texas Instruments' bottom line at this point in time.


While Apple may be the most obvious way to profit from growing iPad sales, it is certainly not the only way. The record profits reported by the companies we mentioned demonstrate that Apple does have a real and material impact on their bottom lines. When Apple prospers, these companies do as well. And we believe that as iPad sales (to say nothing of iPhone sales) increase over time, the profits and stock prices of the 7 companies we highlighted will rise in tandem.

Disclosure: I am long AAPL, QCOM, BRCM, INTC.

Easy Guidelines Intended For Choosing A Pediatrician In San Antonio TX

Choosing the right pediatrician in San Antonio TX is really significant when you decide to settle down on this state. A pediatrician is a doctor that specializes in the health care of children. Even though a general or family doctor is also a great choice, having your little one to a pediatrician for well and sick baby examinations is best simply because they are more skilled in handling youngsters.

When searching for a pediatrician for your little ones in the San Antonio region, it’s best that you take note of San Antonio pediatrics treatment centers which are near your home. It is because you would need to be in close proximity to your children’s doctor at all times in case of an urgent situation. Likewise, it would be more easy in case you didn’t have to go so much simply to reach your pediatrician. You can look for tips for a great San Antonio pediatrics center through close relatives, pals, or neighbors who also have young children.

It is essential that you glance into the credentials of the pediatrician that you select. A pediatrician that you choose should have accomplished every one of the required schooling and specializations to use pediatrics. Likewise, a pediatrician in San Antonio ought to have passed each of the medical boards essential to be capable to practice medicine within this area. The web is a good source of data if you need to complete a background check over a certain doctor. You may also enroll in forum talks where other San Antonio moms talk about their experiences together with their pediatricians. From here, it will be easy to have recommendations and an concept of how a specific doctor deals with his little clients.

A pediatric dental care San Antonio clinic is another matter that you might need to search for when you go to this area. A kid’s dental health is very important mainly because teeth develop a major influence on the appearance of a individual. Also, nothing can be as distressing as a tooth ache, even to older people. That’s why, it is important that you get your kid to a pediatric dental care San Antonio center for standard checkups. The whole process of choosing the proper pediatric dentist can be a little complicated simply because generally, little ones throw hysterics at the mere thought of visiting the dentist. You might want to visit the center initially for you to see the dentists before you make your final decision. Just remember to look for a dentist whom you believe your little one can be most comfy together with so that you could be guaranteed that he will cooperate with the doctor on their dental consultation.

Finally, it is important that you hold at heart that this doctor is a person you need to develop a long lasting professional connection with because he or she will have on the duty of guaranteeing the entire well-being of your youngster. Go with a pediatrician that tends to make you feel at ease and the inside of their facility is comfortable yet has all the necessary equipment needed to treat your little one.

Want to find out more about pediatrician in San Antonio TX, then visit Delilah Lamb’s site on how to choose the best San Antonio pediatrics for your needs.

Tuesday, May 1, 2012

Intel’s ($INTC) First-Quarter Earnings Nearly Quadruple; Corporate Spending Up; Raise Guidance

by Sarah Devin

Beacon Contributing Writer

Intel (Nasdaq: INTC) recently reported first-quarter financial results, beating estimates and suggesting that companies have loosened up a little on upgrading employee laptops.

Intel’s evidence of an uptrend in corporate spending marks an encouraging sea change in the chip sector, as business outlays for IT spending nearly dried up for new products during the worst period of the recession, the company said.

The caveat to the rise in corporate spending, however, is that many corporate purchases during the quarter were motivated by the economics of buying new machines rather than spending on maintaining older ones, said Intel CEO Paul Otellini. Corporate customers bought older Intel chips instead of new ones, a more profitable sale than Intel’s older stock.

“I’m still not going to go out on a limb, and our customers aren’t going to go out on a limb, and say there’s a corporate refresh snapback cycle,” he said. “People are buying things to replace older machines because it’s just cheaper.”

Irrespective of the motivations behind buying PCs, Intel’s revenue of $10.3 billion exceeded analysts’ expectations by $500 million, and spiking 44 percent from the first-quarter of fiscal 2009.

Analysts note, however, an unusually low fiscal 2009 first-quarter revenue total of only $7.14 billion accounted more to the headline revenue percentage increase than any strong rebound it may suggest. Analysts had estimated revenue of $9.8 billion. Revenue fell 2.6 percent from the previous quarter.

The bellwether chip maker earned $2.4 billion, or 43 cents per share, for the quarter, up substantially from $629 million, or 11 cents per share, from the first quarter of 2009. Analysts were anticipating a profit of 38 cents per share, according to a Thomson Reuters poll.

The first-quarter 2009 earnings report was by far the worst of the recession, but Otellini assured investors that sales had �bottomed out�� a bold call that proved correct.

Intel raised its forecast for gross profit margin to a range of 62 percent and 66 percent of revenue in 2010, compared with earlier guidance of a range of 58 percent and 64 percent of revenue.
Intel also announce it expects to hire approximately 1,000 workers worldwide this year.

Intel’s quarterly reports serve as proxies for the sector, providing an early glimpse of the technology industry as the many suppliers of the industry benefit or suffer along with the giants they serve.
Another encouraging trend of the past two quarters includes a continuation of a corporate pick up in spending for back-end computers �the computers that run the Web and corporate information systems�at the two leaders of the server market, Hewlett-Packard Co. (HPQ) and IBM Corp. (IBM)

An increase in server processes is welcome news to Intel and rival AMD, as these processors contribute the most to these two companies’ ability to expand gross margin and profitability.

Monday, April 30, 2012

FOREX-Yen gains on Japan exporter bids, dlr awaits US GDP – Reuters

The Guardian
FOREX-Yen gains on Japan exporter bids, dlr awaits US GDP
LONDON, Jan 28 (Reuters) – The yen rose on Friday as demand from Japanese exporters and speculators helped the currency to recoup some
Forex Markets Waiting for US DataForex News Now
WORLD FOREX: Yen Rebounds As S&P Downgrade Surprise FadesWall Street Journal
FOREX: Dollar Gains Ahead of US GDP Report, Yen Rebounds on Jobs DataDaily FX
NASDAQ -Financial Times
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{forex} – Google News