DailyFinance: Sometimes, high-tech isn't all it's cracked up to be. After a powerful "sonic cannon" was not "effective" in repelling Somali pirates in a high-seas showdown Wednesday, armed guards successfully battled the marauders off the good old-fashioned way -- ... Read more
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The financial downturn and global recession has hit the semiconductor industry hard. Orders for microchips were almost non-existent at the end of 2008 as computers and mobile phones languished unsold on retailers’ shelves. According to the Semiconductor Industry Association, global semiconductor sales fell 2.8 percent last year and are expected to fall a further 21.5 percent to $195.6 billion this year. The semiconductor industry is used to severe cycles. It has seen six significant cycles since the 1970s caused by recessions and oversupply. The last one, when the dotcom bubble burst in 2001, saw sales plunge 45 percent. But this time, it’s different. Strategic issues, such as soaring development costs and the intensifying need to innovate, have combined with the effects of the global recession and are unleashing forces that will reshape the entire industry. One of the traditional driving forces of the semiconductor industry –[More...]
American Technology Corp. (ATCO) announced that it expects to report third quarter revenues of over $4.0 million, surpassing fiscal Q3 2008 revenues of $2.7 million.
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For the first nine months of fiscal 2009 ended June 30, 2009, the Company expects to report revenues of over $12.4 million, exceeding the $11.2 million in total revenues reported in fiscal year 2008.
Analysts polled by Thomson Reuters expect the company to report breakeven per share.
This is a situation perfect for Christian DeHaemer’s Crisis Trader newsletter — a hostile environment, an unmet need, lots of shooting and fighting, just the kind of stuff his copywriters eat up.
But this time, it’s not about extracting nickel or oil from a politically sensitive area or building a copper mine during a shootout, it’s [...]
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As much of the world continues to monitor the story of the American cargo ship captured by Somali pirates and holding its captain hostage, the increase in piracy has sparked a fascinating conversation.
It involves the use of innovative products that enable shippers to defend…
Mmmm... two "dot coms" doing well in 1 evening, I just had a flashback to another century. I just have to ignore the valuations in both (another flashback to the late 90s) as they keep on producing.Baidu.com (BIDU) first since we own it (we cut back going into earnings) - this name trades at a multiple of... err.. nevermind that.Baidu.com Inc (BIDU), China's top search engine, said on Wednesday its quarterly profit rose 87 percent and forecast another surge in revenue, boosted by Internet traffic growth ahead from the Beijing Olympics.Beijing-based Baidu posted a
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