latest news releases from the newsroom
Hutchinson Technology Inc
Hutchinson Technology Reports Fourth Quarter Net Loss
HUTCHINSON, Minn., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported net sales of $164.3 million for its fiscal fourth quarter ended September 28, 2008, up 9 percent compared with $150.4 million in the preceding quarter. Net sales totaled $199.9 million in the fiscal 2007 fourth quarter, which was a 14-week quarter.
Triangle Capital Corporation
Triangle Capital Corporation Invests $7.8 Million in Novolyte Technologies LP
RALEIGH, N.C., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (Nasdaq:TCAP) ("Triangle" or the "Company"), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced that it closed a $7.8 million investment in Novolyte Technologies LP ("Novolyte") consisting of $7.0 million in subordinated debt and $0.8 million in equity. Novolyte, with manufacturing facilities in both the United States and China, produces electrolytes and materials used for lithium batteries, ultracapacitors and other energy storage devices, solvents used in a variety of industrial processes and products, electronic materials, polymer ingredients, and pharmaceutical and agricultural chemicals. Novolyte's products and technology solutions play an integral part in the emerging growth of lithium batteries for hybrid electric and electric vehicles.
Cyclacel Pharmaceuticals Announces Third Quarter 2008 Financial Results
BERKELEY HEIGHTS, N.J., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (Nasdaq:CYCC) (Nasdaq:CYCCP) announced today financial and operating results for the third quarter of 2008. The Company's net loss for the quarter, which included $0.5 million of one-time restructuring charges and non-cash items of $6.3 million of goodwill and intangibles impairment and $4.8 million of unrealized foreign exchange losses, was $17.6 million or $0.86 per share. For the third quarter of 2008, the Company recorded $0.3 million of net product sales of Xclair(r) and Numoisyn(tm) representing an increase of 53 percent compared to the prior quarter. As of September 30, 2008, the Company had $33.7 million in cash, cash equivalents and short-term investments.
Diversicare Healthcare Services, Inc.
Advocat Announces 2008 Third Quarter Results
BRENTWOOD, Tenn., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Advocat Inc. (Nasdaq:AVCA) today announced its results for the third quarter and nine months ended September 30, 2008.
Vaughan Foods, Inc.
Vaughan Foods Reports Third Quarter 2008 Operating Results
MOORE, Okla., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Vaughan Foods, Inc. (Nasdaq:FOOD), a regional leader in fresh-cut vegetables and fruit products, and a broad line of refrigerated prepared salads, sauces, soups, and side-dishes, announced its operating results for its third quarter ended September 30, 2008.
Magma Design Automation
TSMC Selects Magma's FineSim Pro Circuit Simulator to Develop Analog IP
SAN JOSE, Calif., Nov. 6, 2008 (GLOBE NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA) announced today that TSMC has selected Magma's FineSim(tm) Pro for internal 65- and 40-nanometer (nm) IP development. TSMC adopted Magma's simulator after it demonstrated better accuracy and faster runtimes than traditional circuit simulation.
Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions Announces Third Quarter 2008 Financial Results
SAN DIEGO, Nov. 6, 2008 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) today reported third quarter 2008 revenues of $81.5 million, a 71.6 percent increase over revenues in the third quarter of 2007. Revenues for the nine-month period ended September 30, 2008 were $222.0 million, an increase of 53.8 percent over revenues generated in the nine-month period ended September 30, 2007.