latest news releases from the newsroom
Power Integrations, Inc.
Power Integrations Says Fairchild Lawsuit is Without Merit
SAN JOSE, Calif., Oct. 15, 2008 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI) today responded to the lawsuit filed against it yesterday by Fairchild Semiconductor and its System General (SG) subsidiary. This action follows a suit filed earlier this year by Power Integrations alleging continuing infringement of its patents by Fairchild and SG. Both Fairchild and System General had previously been found, in U.S. District Court and at the International Trade Commission respectively, to infringe numerous Power Integrations patents.
Measurement Specialties, Inc.
Measurement Specialties Announces Second Quarter Fiscal Year 2009 Release Schedule and Conference Call
HAMPTON, Va., Oct. 15, 2008 (GLOBE NEWSWIRE) -- Measurement Specialties, Inc. (Nasdaq:MEAS), a global designer and manufacturer of sensors and sensor-based systems, will report earnings for the second quarter ended September 30, 2008 on Wednesday, November 5, 2008.
Tufco Technologies, Inc.
Tufco Technologies, Inc. Announces Increase and Extension in Stock Repurchase Program
GREEN BAY, Wis., Oct. 15, 2008 (GLOBE NEWSWIRE) -- Tufco Technologies, Inc. (Nasdaq:TFCO), a leader in providing diversified contract wet and dry wipes converting and printing, as well as wide web flexographic specialty printing services and business imaging products, today announced that its Board of Directors has approved an extension of its February 2008 stock repurchase program through June 2009 and an increase in the number of shares from 100,000 to 200,000. The program calls for open market stock repurchases at prevailing market prices. The Board concluded that the Company's cash and debt position would enable these purchases without impairment to the Company's capital.
Competitive Computing (C2) Awarded GSA Schedule 70 Contract
COLCHESTER, Vt., Oct. 15, 2008 (GLOBE NEWSWIRE) -- Competitive Computing (C2), a recognized leader in strategic IT solutions for business, government and higher education institutes, announced today that they were awarded a Schedule 70 contract by the U.S. General Services Administration (GSA), the procurement arm of the federal government. The GSA Schedule is the preferred vehicle for government buyers; product and service providers who have contracts on the GSA Schedule are more likely to be selected by government purchasing agents.
Shepherd Smith Edwards & Kantas
Shepherd Smith Edwards & Kantas, LLP Files Arbitration Claims Against Morgan Keegan & Company, Inc. -- RHIIX, RHY
JACKSON, Miss., Oct. 15, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas, LLP, www.sseklaw.com, announced today the filing of several new arbitration claims against Morgan Keegan & Company, Inc. for customers from Mississippi to Texas. The lawsuits seek damages related to several of Morgan Keegan's proprietary bond funds, including the RMK Select Intermediate Bond Fund ("RHIIX") and the RMK Multi-Sector High Income Fund ("RHY") (collectively, the "RMK Funds"). As alleged in the claims, Morgan Keegan falsely marketed its RMK Funds as safe investment alternatives to its customers, including many elderly and retired investors in violation of securities laws. Specifically, according to the complaints, the funds invested a substantial portion of their assets in illiquid structured products, many with their underlying investment in subprime mortgages and other risky loans, without fully disclosing the high risk nature of these untested products. As a result of these misrepresentations and omissions, many Morgan Keegan customers have lost much of their savings.
Sonesta International Hotels Corporation
Sonesta International Hotels Corporation Announces Sonesta Sole Miami
BOSTON, Oct. 15, 2008 (GLOBE NEWSWIRE) -- Sonesta International Hotels Corporation announced today that Sonesta Sole Miami will be the newest addition to the Sonesta Collection. Opening in Miami this winter, the luxurious new resort developed by Wavestone Properties, makes the most of its spectacular beachfront location.
Shepherd Smith Edwards & Kantas
The Law Firm of Shepherd Smith Edwards & Kantas Continues to File Cases Against Charles Schwab in Light of Recent Arbitration Award
SAN FRANCISCO, Oct. 15, 2008 (GLOBE NEWSWIRE) -- Earlier this month, an arbitration panel of the Financial Industry Regulatory Authority Inc. (FINRA www.finra.org) of New York and Washington D.C. ruled that Charles Schwab & Co. ("Schwab"), based in San Francisco, and one of its representatives were liable for $542,340 in an investor claim against them. The investor alleged that Schwab and the broker misrepresented the Schwab YieldPlus Fund by not disclosing its exposure to the subprime-mortgage market and the fact that it was a proprietary fund. According to FINRA records, another Schwab client also received an award against Schwab over the YieldPlus Fund in another arbitration.
Summit Financial Group, Inc.
Summit Financial Group Announces Second Half 2008 Semi-Annual Dividend
MOOREFIELD, W.Va., Oct. 15, 2008 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (Nasdaq:SMMF), a $1.6 billion financial holding company headquartered in Moorefield, West Virginia, today announces its second half 2008 semi-annual cash dividend. The dividend will be $0.18 per share and is payable on December 15, 2008 to shareholders of record as of December 1, 2008. This dividend combined with the dividend paid in the first half of 2008 represents a total cash dividend of $0.36 per share for the year, an increase of 5.88% over the $0.34 per share paid in 2007.
Delta Seaboard International, Inc.
Hammonds Industries, Inc. Announces New Patent Application for On-Board Injector
HOUSTON and KEMAH, Texas, Oct. 15, 2008 (GLOBE NEWSWIRE) -- Carl Hammonds, President of Hammonds Industries, Inc. (OTCBB:HMDI), today announced the filing for domestic and international patent protection for his design of an "On-Board Injector." Mr. Hammonds will assign exclusive rights to the new invention to Hammonds Industries, Inc.