Pennyomga23's Personal Finance Blog

Global Hunter (GBLHF.PK)

The major portion of copper produced in the world is used by the electrical industries; most of the remainder is combined with other metals to form alloys. (It is also technologically important as an electroplated coating.) Important series of alloys in which copper is the chief constituent are brasses (copper and zinc), bronzes (copper and tin), and nickel silvers (copper, zinc, and nickel, no silver). There are many useful alloys of copper and nickel, including Monel; the two metals are completely miscible. Copper also forms an important series of alloys with aluminum, called aluminum bronzes.

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The Clorox Company (NYSE:CLX) declared a quarterly dividend of 60 cents per share on the company's common stock, payable Nov. 14, 2011, to stockholders of record on Oct. 26, 2011. "We remain committed to supporting our dividend and returning excess cash to stockholders," said Chairman and CEO Don Knauss. "We've increased total annual dividends paid to Clorox stockholders every year for the past 34 years. Over the past five years, we've doubled the dividend from $1.20 to $2.40 per share."

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Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

Read the full article and disclaimer at: http://pennyomega.com/?p=17281

Newmont Mining Corporation (NYSE:NEM) announced enhancements to its industry leading gold price-linked dividend policy, announced initially in April 2011. Under the enhanced policy, Newmont's annual dividend has the potential to increase to $4.70 per share if the Company's average realized gold price reaches $2,500 per ounce. The enhanced policy will continue to link the quarterly dividend rate to changes in the gold price but will also provide an additional step up of 7.5 cents per share when the Company's realized gold price for a quarter exceeds $1,700 per ounce and a further step up of 2.5 cents per share (10 cents in total compared to the existing policy) when the Company's realized gold price for a quarter exceeds $2,000. At average realized gold prices below $1,700 per ounce, the current dividend policy remains unchanged.

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Lockheed Martin Corporation (NYSE:LMT) announced that received a $49.9 million follow-on production contract from the Naval Surface Warfare Center for the Target Sight System (TSS), the fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter. The Naval Surface Warfare Center awarded the initial TSS production contract in March 2008, followed by a second production contract in June 2010. Lockheed Martin delivered the first TSS in June 2009, and recently began early delivery of low-rate initial production units. Production is expected to continue through 2018. TSS is produced at facilities in Ocala and Orlando, Fla.

Read the full article and disclaimer at: http://pennyomega.com/?p=17279

Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

Read the full article and disclaimer at: http://pennyomega.com/?p=17277

Franklin Covey Co., (NYSE:FC) announced it has 17,000 plus registrations for its world tour of the company's newest offering, The 5 Choices to Extraordinary Productivity. The tour features complimentary two-and-a-half-hour overviews of The 5 Choices to Extraordinary Productivity workshop, which officially launches in October. At the overviews, Franklin Covey will present the business case and process for creating extraordinary productivity at all levels throughout an organization to optimize results and increase profitability.

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Red Hat Reports Second Quarter Results

Second quarter revenue of $281 million, up 28% year-over-year

Second quarter GAAP EPS of $0.20, up 67% year-over-year; non-GAAP EPS of $0.29, up 53% year-over-year

Second quarter deferred revenue of $813 million, up 25% year-over-year

Second quarter operating cash flow of $77 million, up 20% year-over-year




Red Hat, Inc. (NYSE:RHT ), the world's leading provider of open source solutions, announced financial results for its fiscal year 2012 second quarter ended August 31, 2011.

Total revenue for the quarter was $281.3 million, an increase of 28% from the year ago quarter. Subscription revenue for the quarter was $238.3 million, up 28% year-over-year.

“The combination of strong sales execution and customer demand led to second quarter revenue that was above our guidance and represented our fourth straight quarter of accelerating revenue growth,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “We continued to win and strengthen relationships with enterprise customers who partner with Red Hat to reduce costs while modernizing their IT infrastructure to enable applications to run on bare metal, virtualization and in the cloud. Based on the strong first half results, we believe Red Hat remains well positioned to finish fiscal 2012 as the first billion dollar open source software vendor.”

GAAP operating income for the second quarter was $52.5 million, or 18.7% operating margin. After adjusting for stock compensation and amortization expenses as detailed in the tables below, non-GAAP operating income for the second quarter was $76.4 million, up 41% year-over-year. Non-GAAP operating margin was 27.2%, up 250 basis points from the year ago quarter.

Net income for the quarter was $40.0 million, or $0.20 per diluted share, compared with $23.7 million, or $0.12 per diluted share, in the year ago quarter. After adjusting for stock compensation and amortization expenses, non-GAAP net income for the quarter was $56.5 million, or $0.29 per diluted share, as compared to $36.8 million, or $0.19 per diluted share, in the year ago quarter. Both GAAP and non-GAAP net income for the quarter included a discrete tax benefit of $2.1 million, approximately $0.01 per diluted share. Excluding this tax benefit, GAAP earnings per share would have been $0.19 and non-GAAP earnings per share would have been $0.28 for the quarter.

Operating cash flow was $77.1 million for the second quarter, as compared to $64.3 million in the year ago quarter. At quarter end, the company’s total deferred revenue balance was $813.2 million, an increase of 25% on a year-over-year basis. Total cash, cash equivalents and investments as of August 31, 2011 was $1.3 billion.

Red Hat, the world's leading provider of open source solutions and an S&P 500 company, is headquartered in Raleigh, NC with over 70 offices spanning the globe. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with cloud, virtualization, applications, management and Services Oriented Architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide.

Learn more: http://www.redhat.com.

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Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

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Solazyme, Inc. (NASDAQ:SZYM) announced that Jeffrey Webster has joined the company as its Chief Operating Officer. In this role, Mr. Webster will be responsible for leading and expanding operational infrastructure across Solazyme as the company continues to scale. Mr. Webster joins Solazyme from Tyson Foods where as Group Vice President and General Manager of the Renewable Products business he had full P&L responsibility for $500M in revenue and was responsible for initiating, funding and building the Dynamic Fuels plant in Geismar, Louisiana which is America's first commercial scale (75M gallons per year) advanced biofuels facility. At Tyson, Mr. Webster established new growth platforms, partnerships and brands, and pioneered Tyson's efforts into the renewable energy space.

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Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) announced that its President & Chief Executive Officer, Eric DeMarco, along with its Executive Vice President & Chief Financial Officer, Deanna Lund will be presenting at the InterContinental The Barclay Hotel in New York, NY on Tuesday, September 27th at 12:40pm Eastern. A live audio webcast of the presentation will be accessible via the Kratos Defense website. To hear the presentation and view related materials, please visit the website at www.kratosdefense.com.

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Oracle Corporation (NASDAQ: ORCL) announced fiscal 2012 Q1 GAAP total revenues were up 12% to $8.4 billion, while non-GAAP total revenues were up 11% to $8.4 billion. Both GAAP and non-GAAP new software license revenues were up 17% to $1.5 billion. GAAP software license updates and product support revenues were up 17% to $4.0 billion, while non-GAAP software license updates and product support revenues were up 16% to $4.0 billion. Both GAAP and non-GAAP hardware systems products revenues were down 5% to $1.0 billion. GAAP operating income was up 40% to $2.7 billion, and GAAP operating margin was 32%. Non-GAAP operating income was up 21% to $3.6 billion, and non-GAAP operating margin was 42%. GAAP net income was up 36% to $1.8 billion, while non-GAAP net income was up 16% to $2.5 billion. GAAP earnings per share were $0.36, up 34% compared to last year while non-GAAP earnings per share were up 14% to $0.48. GAAP operating cash flow on a trailing twelve month basis was $12.8 billion, up 46% from last year.

“New software license sales grew 17%,” said Oracle President and CFO, Safra Catz. “This strong organic growth coupled with disciplined business management enabled yet another increase in our operating margin in Q1. Operating cash flow increased this quarter to $5.4 billion, up $1.6 billion from $3.8 billion in Q1 of last year.” Our high-end server business – Exadata, Exalogic, and SPARC M-Series – delivered solid double digit revenue growth in Q1,” said Oracle President, Mark Hurd. “In contrast, revenue declined in our low-end server business. By moving away from low-margin commodity hardware and focusing on high-end servers, we increased our hardware gross margins from 48% to 54%. Our strategy to grow the profitable parts of our hardware business is paying off.”

“Next week Oracle will announce a new high-performance SPARC microprocessor, and a new high-end server called a SPARC SuperCluster,” said Oracle CEO, Larry Ellison. “The new SPARC T4 microprocessor is up to 5 times faster than the T3 microprocessor it replaces. The new SuperCluster is engineered to use the SPARC T4 Microprocessor and the Exadata flash and disk storage system to deliver extreme record-breaking performance.” In addition, Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 12, 2011, with a payment date of November 2, 2011.

Oracle (NASDAQ: ORCL) is the world’s most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit http://www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.


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Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

Read the full article and disclaimer at: http://pennyomega.com/?p=17246

APWC, Asia Pacific Wire & Cable Corporation Ltd.

** On its Second-Quarter 2011 financial Results, APWC posted revenues of $148.7 million, a 40.3%t increase year over year and 22.1% increase over the first quarter of 2011.

APWC's gross profit increased to $16.4 million, an increase of 15.1% from $14.2 million from the second quarter of 2010, and 26.1% from $13.0 million in the prior quarter

APWC is principally engaged in the manu facture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia.

APWC manufactures and distributes its own wire and cable products and also distributes wire and cable products manufactured by its principal shareholder, Pacific Electric Wire & Cable Company, a Taiwanese company.

More about APWC at www.apwcc.com.

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GOLDCORP INC. (NYSE:GG) will release third quarter results after market close on Wednesday, October 26th, 2011. A conference call will be held Thursday, October 27th at 10:00 a.m. (PT) to discuss the results. Participants may join the call by dialing toll free 800-355-4959 or 416-695-6617 for calls outside Canada and the U.S. A recorded playback of the call will be available until November 27, 2011 by dialing 800-408-3053 or 905-694-9451 for calls outside Canada and the US. Conference ID#: 6608575. A live and archived webcast will also be available at www.goldcorp.com.

Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.

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Agnico-Eagle Mines Limited (NYSE:AEM) and Grayd Resource Corporation jointly announce that they have entered into an acquisition agreement, pursuant to which Agnico-Eagle has agreed to offer to acquire all of the outstanding common shares of Grayd at $2.80 per share by way of a take-over bid. The transaction is valued at approximately $275 million on a fully-diluted basis. The offer price of $2.80 per Grayd share represents a premium of 65.7% to the volume weighted average price of Grayd shares on the TSX Venture Exchange for the 20-day period ended September 16, 2011 (the last trading day prior to announcement of the transaction).

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MAJESTIC GOLD CORP (MJGCF.PK)

Gold is one of the most highly desired and prized precious metals in the world due to its rarity and multiple uses. For all of its uses, gold is actually a very soft metal and in some instances the applications it is used is limited. Gold is usually a yellow metal and one of the few elements that have a natural color. A very small amount can be beaten down into a sheet that is very large. For instance, only a single ounce of gold can make a sheet of metal over 300 square feet. In addition, gold bonds to other materials very easily and is often used in alloys to make bonds between certain metals which will not bond together.

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Global Geophysical Services, Inc. (NYSE:GGS) announced that it has signed a Letter of Intent to acquire 100% of the shares of Sensor Geophysical Ltd. ("Sensor") of Calgary, Alberta. Completion of the transaction is subject to execution of a definitive purchase and sale agreement and the satisfaction of certain other conditions. The combination of GGS' extensive multi-component acquisition capabilities with Sensor's unique multi-component processing toolkit will create one of the industry's most advanced converted wave imaging providers. GGS maintains one of the largest 3C recording system channel counts in geophysical services, and is developing its own next generation autonomous AutoseisTM nodal 3C and 4C systems.

Read more at: http://pennyomega.com/?p=17208

Global Hunter (GBLHF.PK)

Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.

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Mellanox Technologies, Ltd. (NASDAQ:MLNX) announced it has become a founding member of the University of New Hampshire InterOperability Laboratory (UNH-IOL) 40 and 100 Gigabit Ethernet Consortium. The UNH-IOL 40 and 100 Gigabit Ethernet Consortium is a new collaboration between UNH and industry members to address the new IEEE 802.3ba standard and develop industry-supported testing standards. The organization provides a neutral test environment and industry accepted test methodologies for the purpose of promoting and fostering conformance and interoperability of 40 and 100 Gigabit Ethernet products from different manufacturers.

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Morningstar, Inc. (NASDAQ:MORN) reported estimated U.S. mutual fund and exchange-traded fund asset flows through August 2011. Redemptions from long-term mutual funds nearly doubled to approximately $32.5 billion in August after outflows of about $17.1 billion in July. August marked the most severe mutual fund outflows since November 2008. U.S. ETFs collected assets of just $947 million in August following July's inflows of $17.2 billion. Although August's inflows were meager, U.S. ETFs have realized only a single month of outflows in the trailing 12.

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Cleantech Transit Inc (CLNO)

Biomass has been utilized in diverse areas, forming a variety of biomass applications. Biomass gasification is 1 type of the biomass applications. You will find several techniques to convert biomass fuel into a useable source of energy, 1 technique is biomass gasification. Gasification is thermal method, where heating the biomass in low oxygen environment generates a gas mixture known as syngas or synthesis gas.

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Global Indemnity plc (NASDAQ:GBLI) Saul Fox, Chairman announced the appointment of Cynthia Valko as Chief Executive Officer of Global Indemnity plc and as a member of the company's Board of Directors, both effective September 19, 2011. Ms. Valko succeeds Larry Frakes, who had informed Global Indemnity's Board of his intention to retire at the expiration of his contract in December. In making the announcement Mr. Fox said: "We are delighted that Cindy Valko will be leading Global Indemnity given her exemplary record of profitably growing insurance businesses in highly competitive markets, both in the U.S. as well as offshore. I also wish to thank Larry Frakes for his four years of dedicated service as the company's CEO".

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Aberdeen Chile Fund, Inc. (AMEX:CH) announced that it will pay a quarterly distribution of US 53 cents per share on November 15, 2011 to all shareholders of record as of September 21, 2011. The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the average of the Fund's prior four calendar quarter end net asset values. The Board of Directors determined that the rolling distribution rate shall be 10% for the 12 months commencing with the distribution payable in October 2011. This policy will be subject to regular review by the Fund's Board of Directors. The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

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MAJESTIC GOLD CORP (MJGCF.PK)

MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

Read more at: http://pennyomega.com/?p=17187

Crown Equity Holdings Inc., (CRWE)

Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.

Read more at: http://pennyomega.com/?p=17186

Global Hunter (GBLHF.PK)

Copper and copper alloys meet the challenges of modern life in many ways. Often seen in plumbing systems and good quality roofing and cladding, they are also frequently unseen providing essential services inside equipment in houses, offices, commercial and industrial buildings. They are amongst the most necessary materials needed to provide the means to keep home, commerce and industry running.

Read more at: http://pennyomega.com/?p=17185

Danaher Corporation (NYSEHR) announced that its Board of Directors has approved a regular quarterly dividend of $0.025 per share payable on October 28, 2011 to holders of record on September 30, 2011. Danaher is a science and technology leader that designs, manufactures, and markets innovative products and services to professional, medical, industrial, and commercial customers. Our premier brands are among the most highly recognized in each of the markets we serve. The Danaher Business System provides a foundation to our 59,000 associates around the world, serving customers in more than 125 countries. In 2010, we generated $12.8 billion of revenue. For more information please visit our website: www.danaher.com.

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Honeywell (NYSE:HON) announced that Roger Fradin, President and CEO of Honeywell Automation and Control Solutions, will be presenting at the Oppenheimer 6th Annual Industrials Conference in New York City on Tuesday, September 27, 2011, from 4:00 4:35 p.m. EDT. A real-time audio webcast of the presentation and related presentation materials will be posted to http://www.honeywell.com/investor prior to the presentation. The presentation materials will be in Adobe Acrobat format.

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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. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Read more at: http://pennyomega.com/?p=17181