latest news releases from the newsroom
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of Cadence Design Systems
WASHINGTON, Oct. 23, 2008 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating Cadence Design Systems (Nasdaq:CDNS) following the announcement that Cadence was indefinitely delaying its third-quarter earnings report and expected to restate its financial reports for the first half of 2008. In reaction to this news, Cadence's share price plummeted almost 25% on October 23, 2008.
City National Corporation
City National Corp. Reports Third-Quarter 2008 Net Income of $16.6 Million, or $0.34 per Share; Year-to-Date Net Income Totals $96 Million, or $1.98 per Share
LOS ANGELES, Oct. 23, 2008 (GLOBE NEWSWIRE) -- City National Corporation (NYSE:CYN) (www.cnb.com), the parent company of wholly owned City National Bank, today reported third-quarter 2008 net income of $16.6 million, or $0.34 per share. Excluding charges of $19.6 million, or $0.40 per share, for the impairment of Fannie Mae, Freddie Mac and other securities, third-quarter net income amounted to $36.2 million, or $0.74 per share. In the third quarter of 2007, the company earned $1.22 per share on net income of $60.1 million.
Rand Capital Corporation
Rand Capital Announces Third Quarter Results
BUFFALO, N.Y., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Rand Capital Corporation (Nasdaq:RAND) ("Rand"), a business development company (BDC) that provides capital and managerial expertise for small to medium-sized private companies, announced its financial results for the third quarter ended September 30, 2008 highlighting a net asset value of $3.39 per share, a decrease of $0.06 (2%) from June 30, 2008. At the end of the third quarter, Rand's total investment portfolio was valued at $25.6 million, which exceeds its cost basis of $13.5 million, reflecting $12.1 million in net unrealized appreciation.
Columbia Sportswear Company
Columbia Sportswear Company Reports Third Quarter 2008 Results and Spring 2009 Backlog
PORTLAND, Ore., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Columbia Sportswear Company (Nasdaq:COLM), a global leader in the active outdoor apparel and footwear industries, today announced net sales of $452.4 million for the quarter ended September 30, 2008, a decrease of 4 percent compared to net sales of $471.1 million for the same period of 2007.
MAKO Surgical Corp.
MAKO Surgical Corp. Schedules 2008 Third Quarter Earnings Release and Conference Call for Thursday, November 6, 2008
FT. LAUDERDALE, Fla., Oct. 23, 2008 (GLOBE NEWSWIRE) -- MAKO Surgical Corp. (Nasdaq:MAKO) announced today that it plans to release third quarter 2008 financial results after market close on Thursday, November 6, 2008. Maurice R. Ferre, M.D., President and Chief Executive Officer and Fritz L. LaPorte, Senior Vice President and Chief Financial Officer of MAKO, will host a conference call to review the third quarter results starting at 4:30 p.m. EST on the same day. The call will be concurrently webcast.
Fuel Systems Solutions, Inc.
Fuel Systems Solutions, Inc. Announces Timing of Third Quarter 2008 Results
SANTA ANA, Calif., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Fuel Systems Solutions, Inc. (Nasdaq:FSYS) will release its third quarter 2008 financial results after market close on November 6, 2008. The company will host a conference call on November 7 at 10:00 a.m. Pacific Time / 1:00 p.m. Eastern Time to discuss its third quarter 2008 financial results. Participating in the call will be Matthew Beale, president, and Bill Larkin, chief financial officer.
Power Integrations, Inc.
Power Integrations Announces Third-Quarter Financial Results
SAN JOSE, Calif., Oct. 23, 2008 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced financial results for the quarter ended September 30, 2008. The company's net revenues for the quarter were $53.8 million, up 8 percent compared with $49.8 million in the third quarter of 2007, and up slightly compared with $53.6 million in the second quarter of 2008.