THE STOCK WIZARDS FOCUS LISTS INCLUDES: (OTCBB: POSC) Positron Corp., (NASDAQ: ATSI) ATS Medical, Inc., (NASDAQ: PALM) Palm, Inc., (NYSE: MOT) Motorola, Inc., (OTC: THRR) Thresher Industries, Inc., (NASDAQ: ETFC) E*TRADE Financial, Inc.
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(OTCBB: POSC-Positron Corp.)
CURRENT NEWS!!
Positron’s Revolutionary Nuclear Medicine Device for Use in Both Cardiac and Oncology Sectors Gaining the Attention of Industry Leading Companies
INDIANAPOLIS, Apr 29, 2010 Positron Corporation (OTCBB:POSC) is a molecular imaging solutions company focused on Nuclear Cardiology states that its proprietary product line also includes unique solutions for the oncology community designed to enhance its position in this industry.
The Company’s Nuclear Pharm-Assist(R), an automated radiopharmaceutical dose dispensing device aims to greatly transform the way healthcare providers serve patients seeking care for numerous cardiac and cancer diseases.
The innovative device has been attracting significant new partners by streamlining the production, dispensing and delivery of radiopharmaceuticals.
“We believe Positron’s dose dispensing device will revolutionize the way radiopharmaceuticals are compounded and distributed in the US and around the world. Positron’s products, services and position in the marketplace provide an economical, efficient and regulatory compliant solution in the multibillion dollar per year radiopharmaceutical consumables industry,” said Positron’s CEO Patrick G. Rooney. “While most in the industry already know that PET is the future of nuclear cardiology, we fully expect that an equal to greater amount of revenue and profits will be generated by our new proprietary automated radiopharmaceutical device as it is used in both the cardiac and oncology sectors.”
Through automation procedures which are normally manually performed by technologists, pharmacists and staff, Positron’s platform is able to expedite and deliver difficult to handle and transport doses at medical treatment facilities of all sizes. At the same time, the Nuclear Pharm-Assist(R), meets the strictest guidelines for radiation exposure and is designed as a platform for compliance with United States Pharmacopeia regulations (USP 797).
Next week, the Company is scheduled to address investors and discuss Positron and the nuclear medicine industry’s demand for its products and how current and future opportunities will significantly impact the industry and the Company.
Positron Corporation’s Press Conference
When: May 5, 2010, 1:00 pm EDT
Where: NASDAQ MarketSite, 4 Times Square, New York, NY
RSVP required for building security: 212 699-0999 or christina.flood@muncmedia.com
About Positron: Positron is a molecular imaging company focused on Nuclear Cardiology. Positron utilizes its proprietary product line to provide unique solutions to the Nuclear Medicine community ranging from imaging systems to radiopharmaceutical distribution. Positron products include: the Attrius(TM), a PET imaging device; the Pulse(R), a SPECT imaging device; the Nuclear Pharm-Assist(R), an automated radiopharmaceutical distribution device; and the Tech-Assist(TM), a radiopharmaceutical injection shield. As a prominent player in the cardiac imaging industry, Positron maintains associations and relationships with multiple industry associations including the Academy of Molecular Imaging, American College of Cardiology American Society of Nuclear Cardiology and Society of Nuclear Medicine. Positron founded in 1983, is headquartered in Indianapolis, Indiana. More information about Positron is available at www.positron.com.
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(NASDAQ ATSI-ATS Medical, Inc.)
CURRENT NEWS!!
Medtronic Signs Agreement to Acquire ATS Medical
MINNEAPOLIS, Apr 29, 2010 Medtronic, Inc. (NYSE:MDT), and ATS Medical, Inc. (NASDAQ:ATSI), today announced that the companies have signed a definitive agreement under which Medtronic will acquire ATS Medical by paying $4.00 per share in cash for each share of ATS Medical stock. The total value of the transaction is expected to be approximately $370 million, which includes the purchase of ATS Medical stock and assumption of net debt.
ATS Medical is a leading developer, manufacturer and marketer of products and services focused on cardiac surgery, including heart valves and cryoablation technology. The company’s innovative Open-Pivot(R) bileaflet mechanical and 3f(R) pericardial valve technology, along with its CryoMaze family of ablation products, will extend Medtronic’s current product offerings to cardiac surgeons.
“The acquisition of ATS Medical will further strengthen our CardioVascular business,” said Scott Ward, senior vice president of Medtronic, Inc., and president of the CardioVascular business. “ATS is an innovative and successful company that is well respected by cardiac surgeons throughout the world.”
“Medtronic’s complementary mission and leadership in treatments for structural heart disease represents the best possible opportunity for bringing ATS Medical’s innovative cardiac surgery technologies to more surgeons and patients,” said Michael Dale, chairman, president and CEO of ATS Medical. “We are very proud of the business that ATS Medical’s past and present employees have built while maintaining an unwavering focus on innovation and, above all, delivering products that provide superior clinical outcomes.”
The transaction is subject to customary closing conditions, including approval by ATS Medical’s shareholders and U.S. and foreign regulatory clearances.
About ATS Medical
ATS Medical, Inc. is dedicated to ‘Advancing The Standards’ of cardiac surgery through the development, manufacturing and marketing of innovative products and services for the treatment of structural heart disease. ATS serves the cardiac surgery community by focusing on heart valve disease therapy and ablation of cardiac arrhythmias.
About Medtronic
Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology — alleviating pain, restoring health, and extending life for millions of people around the world. The CardioVascular business is committed to advancing the treatment of coronary, peripheral, aortic and structural heart disease through collaboration with leading clinicians, researchers and scientists worldwide.
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(NASDAQ:PALM-Palm, Inc.)
CURRENT NEWS!!
Palm to be acquired by HP
Apr 29, 2010 IT company HP (NYSE:HPQ) today announced that it has signed a definitive agreement with Palm Inc (Nasdaq:PALM), a smartphone manufacturer, to acquire that company for a total of USD1.2bn or a per share price of USD5.70.
The company said that the acquisition of Palm will give it access to Palm’s webOS platform and enhance HP’s ability to participate more aggressively in the fast-growing, highly profitable smartphone and connected mobile device markets. Palm’s unique webOS will allow HP to take advantage of features such as true multitasking and always up-to-date information sharing across applications.
Under the terms of the merger agreement, Palm stockholders will receive USD5.70 in cash for each share of Palm common stock that they hold at the closing of the merger. The merger consideration takes into account the updated guidance and other financial information being released by Palm this afternoon. The acquisition is subject to customary closing conditions, including the receipt of domestic and foreign regulatory approvals and the approval of Palm’s stockholders. The transaction is expected to close during HP’s third fiscal quarter ending 31 July 2010.
About Palm
Palm, Inc. creates intuitive and powerful mobile experiences that enable consumers and businesses to connect to their information in more useful and usable ways. The company’s groundbreaking Palm webOS platform, designed exclusively for mobile application, introduces true multitasking and Palm Synergy, which brings your information from the many places it resides into a single, more comprehensive view of your life. More information about Palm, Inc. is available at www.Palm.com.
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(NYSE:MOT-Motorola, Inc.)
CURRENT NEWS!!
Motorola Announces First-Quarter 2010 Financial Results
SCHAUMBURG, Ill., April 29, 2010 Financial Highlights
First-quarter sales of $5.0 billion
First-quarter GAAP earnings of $0.03 per share, compared to a loss from continuing operations of $0.13 per share in first quarter 2009; first-quarter 2010 GAAP earnings include income of $0.01 per share from highlighted items
Total cash* of $8.5 billion, a sequential increase of $455 million
Enterprise Mobility Solutions sales of $1.7 billion; operating earnings of $141 million
Mobile Devices sales of $1.6 billion; shipped 8.5 million handsets, including 2.3 million smartphones; operating loss of $192 million
Networks sales of $896 million; operating earnings of $112 million
Home sales of $838 million; operating earnings of $20 million
Click here to view the financial tables that are an integral part of this release.
Click here to view additional financial information.
Motorola, Inc. (NYSE: MOT) today reported sales of $5.0 billion in the first quarter of 2010. The GAAP earnings in the first quarter of 2010 were $69 million, or $0.03 per share, which compares to a GAAP loss from continuing operations of $291 million, or $0.13 per share, in the first quarter of 2009.
First-quarter 2010 GAAP earnings include net income of $0.01 per share from highlighted items, which are described at the end of the press release. GAAP earnings per share also include non-cash expenses for stock-based compensation and amortization of intangibles totaling $0.04 per share in the first quarter of 2010. Further details are outlined at the end of this press release.
During the quarter, the Company generated positive operating cash flow of $485 million and ended the quarter with a total cash* position of $8.5 billion.
“We continue to execute on our business strategy, build momentum in smartphones and improve our operating performance. During the quarter, we increased smartphone shipments sequentially and introduced six new devices,” said Sanjay Jha, Motorola co-chief executive officer and CEO of Mobile Devices and Home. “We are in a strong position to improve our share in the rapidly growing smartphone market, particularly in light of our competitive portfolio, strengthened brand and improved carrier relationships.”
Jha added, “The Mobile Devices and Home businesses are uniquely positioned to capitalize on the convergence of mobile experiences and home entertainment. We remain focused on developing next-generation products to capitalize on the opportunities of this dynamic market.”
“Our Enterprise Mobility Solutions and Networks businesses performed very well during the quarter, delivering strong operating earnings and excellent cash generation,” said Greg Brown, Motorola co-chief executive officer and CEO of Motorola Solutions. “These businesses continue to deliver best-in-class market leadership and financial returns.”
Operating Results
Mobile Devices segment sales were $1.6 billion, down 9 percent compared with the year-ago quarter. The GAAP operating loss was $192 million, a significant improvement compared to the operating loss of $545 million in the year-ago quarter.
Mobile Devices highlights:
Shipped 8.5 million units, including 2.3 million smartphones; continued to strengthen North America position and shipped smartphones to carrier, distributor and retail customers globally
Introduced six new Android-powered smartphones: BACKFLIP(TM), QUENCH(TM)/CLIQ XT(TM), DEVOUR(TM), as well as three products designed for the Asia market, the MOTO XT701, MT710 and XT800, bringing our smartphone portfolio to eight
Introduced SHOP4APPS, an application store, currently available for our consumers in China to enhance their Motorola Android experience
Home segment sales were $838 million, down 18 percent compared with the year-ago quarter. GAAP operating earnings were $20 million, compared to $3 million in the year-ago quarter.
Home highlights:
Shipped 3.1 million digital entertainment devices
Announced QIP eco-friendly set-top boxes for Verizon FiOS(TM) customers
Introduced innovative 3DTV set-tops for cable, significantly enhancing 3D experience for consumers
Strengthened North America position and secured wins with four customers to support the delivery of ultra-broadband triple play services
Enterprise Mobility Solutions segment sales were $1.7 billion, up 6 percent compared with the year-ago quarter. GAAP operating earnings were $141 million, compared with operating earnings of $66 million in the year-ago quarter.
Enterprise Mobility Solutions highlights:
Secured one of the single largest TETRA terminal contracts ever awarded in Europe, including more than 50,000 terminals, from the German Federal Ministry of Interior
Received several North America contracts, including a number of multi-million dollar awards from cities, and three statewide expansion wins, including Michigan and Wyoming
Announced a series of rugged digital bar code scanners for harsh industrial environments, and launched the first cordless digital imager designed for healthcare
Continued momentum in retail and in transportation and logistics, including a win with Con-Way, a leader in freight transportation and logistics, for the selection of the MC75 mobile computers
Networks segment sales were $896 million, down 7 percent compared with the year-ago quarter. GAAP operating earnings were $112 million, compared to $62 million in the year-ago quarter.
Networks highlights:
Announced contract with Zain for the first LTE network deployment in Saudi Arabia
Achieved first over-the-air TD-LTE data sessions at the Expo Center for World Expo 2010 in Shanghai; selected by China Mobile Communications Corporation to provide indoor TD-LTE coverage at the World Expo
Shipped 2 millionth WiMAX CPE and dongles, doubling cumulative shipments in just five months
Second-Quarter 2010 Outlook
The Company’s outlook for the second quarter of 2010 is for earnings of $0.07 to $0.09 per share. This outlook now excludes stock-based compensation and amortization of intangibles expenses of approximately $0.04 per share, as well as charges associated with items of the variety typically highlighted by the Company in its quarterly earnings releases.
About Motorola
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $22 billion in 2009. For more information, please visit www.motorola.com.
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(OTC: THRR-Thresher Industries, Inc..)
CURRENT NEWS !!
Thresher Industries Updates Shareholders on Close of Sale
HANFORD, Calif., April 29, 2010 Thresher Industries, Inc. (Pink Sheets: THRR) provided an update today regarding the sale of the Company. Thresher has requested a two-week extension to complete the sale of the Company, which was delayed by CEO Tom Flessner’s recent bout with pneumonia. The Company is pleased to report Mr. Flessner is now making a full recovery.
Tom Flessner, CEO of Thresher Industries, Inc., stated, “Despite this small set-back, Thresher is back on track in full force to close the sale of our Company. We understand many of our shareholders have questions regarding the transaction, and would like to provide as much information to them as possible. To this end, we have requested that the name of buyer be disclosed. Should we receive permission to announce the name of our buyer, we will do so by issuing a press release to the public. We hope this can bring additional clarity to the value that our buyer brings to our Company and our shareholders.”
“In the interim, our legal counsel has informed us that we are still in a ‘quiet period’ until a further disclosure agreement can be reached between Thresher and our buyer. Please be advised that our legal counsel, business associates and management team cannot answer any further questions related to this sale, nor should they be contacted in this regard. General questions non-related to the sale of the Company should be directed to Thresher at 559.585.3400 or via email at info@thresherindustries.com. We appreciate your adherence to these procedures, and thank you for your continued patience,” concluded Flessner.
About Thresher Industries, Inc.
Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, “green” foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.
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(NASDAQ: ETFC-E*TRADE Financial, Inc.)
CURRENT NEWS !!
E*TRADE Financial Announces Secondary Offering of 170 Million Shares of Common Stock by Affiliates of Citadel Investment Group
NEW YORK, Apr 28, 2010 E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that Citadel Equity Fund Ltd. and Wingate Capital Ltd., affiliates of Citadel Investment Group, intend to offer, subject to market and other conditions, 170 million shares of its common stock pursuant to a shelf registration statement filed with the Securities and Exchange Commission. The selling stockholders also intend to grant the underwriters an option to purchase up to an additional 25.5 million shares of common stock to cover over-allotments, if any.
E*TRADE will not receive any proceeds from the proposed offering.
BofA Merrill Lynch, Sandler O’Neill & Partners, L.P. and Citadel Securities LLC are the joint book-running managers of this offering.
A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attn: Preliminary Prospectus Department (email: prospectus.requests@ml.com); Sandler O’Neill & Partners, L.P., 919 Third Avenue, 6th Floor, New York, NY 10022, toll-free at (866) 805-4128; or Citadel Securities LLC, 601 Lexington Ave., New York, New York 10022, 212-271-8676.
A shelf registration statement relating to the offering was filed with the Securities and Exchange Commission on April 17, 2009 and became effective automatically upon filing. The offering is being made solely by means of a prospectus supplement and accompanying prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
About E*TRADE Financial
The E*TRADE Financial family of companies provides financial services including online brokerage and related banking products and services to retail investors. Specific business segments include Trading and Investing and Balance Sheet Management. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries. ETFC-G
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