latest news releases from the newsroom
Entropic Updates Fourth Quarter Financial Guidance
SAN DIEGO, Dec. 19, 2008 (GLOBE NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon solutions to enable connected home entertainment, today updated its guidance for its fourth quarter of 2008 which was previously provided on October 28, 2008. The Company now expects fourth quarter revenue to range between $29.3 million and $29.7 million, a decline of 6 percent to 8 percent from the company's revenue of $31.7 million in the third quarter ended September 30, 2008. The Company's previous guidance for the fourth quarter was for revenue to range between $32 million and $33 million. The revision in guidance resulted largely from Entropic accommodating customer requests to reschedule backlog into 2009 due to the weak macroeconomic environment.
FreeSeas Inc. Announces New Charter for Handysize Free Hero
PIRAEUS, Greece, Dec. 19, 2008 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEW) (Nasdaq:FREEZ) ("FreeSeas" or "the Company"), a provider of seaborne transportation for drybulk cargoes, announced today that the Free Hero, a 1995-built, 24,318 dwt Handysize vessel, will be delivered to her new charterers in the coming weeks to commence an approximate 50-day charter at a rate of $5,700 per day.
Tree.com Chairman and CEO to Participate At Citi Conference
CHARLOTTE, N.C., Dec. 19, 2008 (GLOBE NEWSWIRE) -- Tree.com, Inc. (Nasdaq:TREE) will participate at the Citi 19th Annual Global Entertainment, Media & Telecommunications Conference in Phoenix, Arizona on Tuesday, January 6, 2009. Chairman & CEO Doug Lebda's fireside chat will begin at 5:10 p.m. Eastern Time (ET). A live audiocast of the keynote will be available to the public at http://investor-relations.tree.com/. A replay of the audiocast will be available for 30 days.
Transocean Completes Change of Place of Incorporation
HOUSTON, Dec. 19, 2008 (GLOBE NEWSWIRE) -- Transocean Inc. (NYSE:RIG) announced the completion today of the change of place of incorporation of its group holding company from the Cayman Islands to Switzerland (the "Transaction").