latest news releases from the newsroom
Emulex Announces Preliminary Second Quarter Results
COSTA MESA, Calif., Jan. 5, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation (NYSE:ELX), today announced that it expects to report revenues of approximately $107-$108 million for its second fiscal quarter ended December 28, 2008, compared to the range of $111-$116 million projected in October 2008 during the Company's first quarter conference call. The Company expects non-GAAP earnings per share for its second fiscal quarter to be approximately $0.20 per diluted share, compared to the prior projection of $0.20-$0.23 per diluted share. On a GAAP basis, excluding charges, if any, related to potential impairment of goodwill or other assets, the Company expects to report earnings of approximately $0.09 per diluted share compared to the prior projection of $0.09-$0.12 per diluted share. Due to the Company's reduced enterprise value resulting from the decrease in its stock price, the Company is in the process of assessing whether any impairment of its goodwill or other assets has occurred. Although the exact amount of the charges, if any, related to an impairment of goodwill or other assets cannot be determined at this time, such charges may result in an after tax loss for the quarter on a GAAP basis.
LSI Industries Inc.
LSI Industries Inc. to Present At the Eleventh Annual Needham Growth Stock Conference
CINCINNATI, Jan. 5, 2009 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today announced that the Company has been invited to present at the Eleventh Annual Needham Growth Stock Conference. The Company will be presenting on Wednesday, January 7th at the New York Palace Hotel in New York City at 11:00 a.m. Robert J. Ready, President and CEO, Ronald S. Stowell, Vice President, CFO and Treasurer, and Scott D. Ready, President - LSI Lighting Solutions Plus, are scheduled to present. The Needham presentation will be webcast live, with audio and supporting visual materials presented. A question and answer session will follow the presentation. Management will be available to meet with investors during the conference.
Crown Castle International Corp.
Crown Castle International's Executive Officers Forfeit Restricted Stock
HOUSTON, Jan. 5, 2009 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) reported that four of its executive officers filed Form 4s with the Securities and Exchange Commission on Monday, January 5, 2009 relating to the forfeiture of 200,103 shares of performance-based restricted stock awarded in the first quarter of 2007.
Virtual Radiologic Corporation
Teleradiology Provider Virtual Radiologic Names Mike Kolar as General Counsel
MINNEAPOLIS, Jan. 5, 2009 (GLOBE NEWSWIRE) -- Virtual Radiologic Corp. (Nasdaq:VRAD), a leading global provider of teleradiology services, has appointed Mike Kolar as vice president, general counsel and secretary. Kolar assumed the role January 1, 2009, succeeding General Counsel George Frisch, who is retiring.
Ultrapetrol (Bahamas) Limited
Ultrapetrol Announces Further Extension of Stock Repurchase Program
NASSAU, Bahamas, Jan. 5, 2009 (GLOBE NEWSWIRE) -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in four markets (River Business, Offshore Supply Business, Ocean Business and Passenger Business), announced today that its board of directors has approved an extension of the Company's stock repurchase program to March 31, 2009. The stock repurchase program was originally announced on March 17, 2008 and allowed for the repurchase of up to $50 million of the Company's common stock until September 30, 2008. On October 2, 2008, the Company announced that the repurchase program was extended under the same terms to December 31, 2008. Similarly, the new extension will retain the same original cumulative dollar limitation. The expiration date and/or amount of the share repurchase program will be extended or amended at the discretion of the board of directors. Share repurchases may be made from time to time for cash in open market transactions at prevailing market prices or in privately negotiated transactions.
Wolverine Tube Inc.
Wolverine Tube Reports 2008 Third Quarter Results
HUNTSVILLE, Ala., Jan 05, 2009 -- Wolverine Tube, Inc. (WLVT) today reported results for the third quarter 2008. The net loss for the third quarter of 2008 was $23.9 million compared to a net loss of $3.5 million in the same period of 2007. The 2008 results include a gain of approximately $21.7 million on the sale of a minority interest in our China subsidiary and the sale of a closed facility in Montreal, Canada and an estimated $44.0 million non-cash goodwill impairment charge. The 2007 results include a $3.8 million non-cash gain from the adjustment to fair value of the conversion price embedded in a Preferred Stock Purchase agreement.
Nevada Gold & Casinos, Inc.
Nevada Gold & Casinos to Present at the 11th Annual ICR XChange Conference
HOUSTON, Jan 05, 2009 -- Nevada Gold & Casinos, Inc. (NYSE Alternext US: UWN) today announced that Robert Sturges, CEO and Jim Kohn, CFO, will be presenting at the 11th Annual ICR XChange Conference on Thursday, January 15, 2009 at the St. Regis Monarch Beach Resort & Spa in Dana Point, CA. The presentation will begin at 11:40 AM Eastern Time.