latest news releases from the newsroom
Silicon Image, Inc.
Silicon Image Reports Second Quarter 2008 Financial Results
SUNNYVALE, Calif., July 24, 2008 (PRIME NEWSWIRE) -- Silicon Image, Inc. (Nasdaq:SIMG), a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today reported financial results for its second quarter ended June 30, 2008.
ICU Medical, Inc.
ICU Medical, Inc. Announces Institution of a New Stock Purchase Program
SAN CLEMENTE, Calif., July 24, 2008 (PRIME NEWSWIRE) -- ICU Medical, Inc. (Nasdaq:ICUI), a leading low cost manufacturer of safe medical connectors, custom medical products and critical care devices, announced that today its Board of Directors on July 18, 2008 authorized a new program to purchase up to an additional $40 million of its common stock. Actual purchases will depend on the stock price, prevailing market and business conditions and other considerations.
First Capital, Inc.
First Capital, Inc. Reports Second Quarter Earnings Increase
CORYDON, Ind., July 24, 2008 (PRIME NEWSWIRE) -- First Capital, Inc. (Nasdaq:FCAP), the holding company for First Harrison Bank (the "Bank"), today reported net income of $889,000 or $0.32 per diluted share for the quarter ended June 30, 2008, compared to $869,000 or $0.31 per diluted share during the same period in 2007.
Microsemi Reports Third Quarter 2008 Results
IRVINE, Calif., July 24, 2008 (PRIME NEWSWIRE) -- Microsemi Corporation (Nasdaq:MSCC) today reported unaudited results for its third quarter of fiscal year 2008.
Center Bancorp, Inc.
Center Bancorp, Inc. Reports Second Quarter 2008 Earnings
UNION, N.J., July 24, 2008 (PRIME NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank, today reported operating results for the second quarter ended June 30, 2008. Earnings amounted to $1.4 million, or $0.11 per diluted share, for the quarter ended June 30, 2008, as compared with earnings of $1.0 million, or $0.07 per diluted share, for the quarter ended June 30, 2007.
Security Bank Corporation
Security Bank Corporation to Record Non-Cash Goodwill Adjustment for Second Quarter
MACON, Ga., July 24, 2008 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC) today announced that it will record a $109.7 million pretax, non-cash charge in its second quarter earnings related to impairment of goodwill associated with prior acquisitions. In accordance with Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets, management re-evaluated its recorded goodwill at the end of the second quarter for possible impairment. The adjustment of goodwill is a non-cash charge that will not adversely impact Security Bank Corporation's daily operations, FDIC deposit insurance coverage, regulatory capital or balance sheet liquidity and cash flow. Furthermore, as of June 30, 2008, each of the six bank subsidiaries remains in the highest regulatory capital category of "well capitalized."
MedAvant Wins Interim Approval From Bankruptcy Court for $2.9 Million in New Financing to Support Ordinary Course of Business in Chapter 11
ATLANTA, July 24, 2008 (PRIME NEWSWIRE) -- MedAvant Healthcare Solutions (MedAvant) (Nasdaq:PILL), a leader in healthcare technology and transaction services, announced that the United States Bankruptcy Court Judge presiding over its chapter 11 case in Delaware approved today all of the initial motions presented at its first hearings important to the continued normal operations of the Company. Among the motions approved by the Court on an interim basis include the debtor-in-possession financing commitment of $2.9 million in new liquidity by its senior lender Laurus Master Fund, Ltd. This was done to support the Company's business operations during the chapter 11 case. In addition, the Court approved the Company's motion to pay employee wages/benefits, honor its customer rebate programs -- both pre-petition balances and post-petition accruals -- and to pay certain critical vendors.