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InvestSource, Inc.: SymPowerco Begins Strategic Discussions with
Potential Partners
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:25072008
Stocks in the News: SymPowerco Corporation (Other OTC: SYMW), Sociedad
Quimica y Minera de Chile S.A (NYSE: SQM), Hasbro, Inc. (NYSE: HAS),
Republic Services, Inc. (NYSE: RSG), Barr Pharmaceuticals, Inc. (NYSE:
BRL), and Microsoft Corp (NASDAQGS: MSFT)
Jul 24, 2008 -- SymPowerco Corporation (Other OTC: SYMW) CEO John
Davenport today announces that as a result of its ongoing technology
needs assessment, the company has identified the bases of strategic
discussions with two potential technology partners. The company has
identified the potential partners and has begun discussions with one of
them and will enter discussions with the other in the days ahead. The
objective of the needs assessment is to shorten the critical path to
commercialization of the company's unique Flowing Electrolyte Direct
Methanol Fuel Cell (FE DMFC) by identifying technologies that should be
developed concurrent with the ongoing work at Carleton University,
SymPowerco's main fuel cell technology partner. The identified needs
relate to the manufacturability of certain FE DMFC technologies and to
Hybrid Power System development. SymPowerco's President and CEO
commented, "As we scale up our fuel cell technologies, we need to make
sure that we will have the capability to manufacture and implement our
fuel cell designs in a timely manner. These discussions are designed to
jumpstart that process." SymPowerco Corporation develops advanced fuel
cell and power delivery systems for the rapidly growing personal
transportation and portable power system markets being created by
today's energy and environmental challenges.
July 24, 2008 -- Sociedad Quimica y Minera de Chile S.A (NYSE: SQM)
Santiago Stock Exchange announced its Capex Plan for the three-year
period between 2008 and 2010. The plan includes projected capital
expenditures of approximately US$1 billion over the period, including
approximately US$350 million for the year 2008. Patricio Contesse,
Chief Executive Officer of SQM, stated, "We are making significant
investments that will enable SQM to achieve further growth in its core
businesses. Our Capex Plan aims to increase production capacity across
our business lines, and especially in potassium-based products, which
have become a key contributor to the Company's margins. Furthermore, we
are modernizing our production processes, in order to increase SQM's
operating efficiency."
July 24, 2008 -- Hasbro, Inc. (NYSE: HAS) filed suit against the
creators of the Scrabulous game application, which infringes on the
Company's SCRABBLE intellectual property rights. In addition, Hasbro
has delivered to Facebook, which hosts the Scrabulous game, a
notification of copyright infringement under the Digital Millennium
Copyright Act (or the "DMCA") requesting that they remove the
Scrabulous application in the U.S. and Canada as soon as possible.
"Hasbro has an obligation to act appropriately against infringement of
our intellectual properties," said Barry Nagler, Hasbro's General
Counsel. "We view the Scrabulous application as clear and blatant
infringement of our SCRABBLE intellectual property, and we are pursuing
this legal action in accordance with the interests of our shareholders,
and the integrity of the SCRABBLE brand." The suit, which was filed in
the Southern District of New York earlier today, names Scrabulous
creators, Rajat Agarwalla and Jayant Agarwalla, and RJ Softwares as the
defendants.
July 24, 2008 -- Republic Services, Inc. (NYSE: RSG) issued the
following statement in response to the announcement from Waste
Management that it had filed Notification and Report Form under the
Hart-Scott-Rodino ("HSR") Antitrust Improvements Act of 1976 relating
to purchases of shares of Republic Services: "Waste Management's stated
intention to acquire Republic Services common stock, through open
market purchases or other transactions, is in support of Waste
Management's proposal of July 14, 2008 to acquire Republic at $34 per
share subject to various conditions. That proposal was rejected by the
Republic Board of Directors for the reasons set forth in our press
release of July 18, 2008. Republic continues to believe that the merger
between Republic and Allied will create significant value generating
opportunities, including significant cost saving synergies, and is in
the best interests of Republic stockholders. Republic notes that Waste
can only acquire up to $63.1 million worth of Republic common stock
without first receiving antitrust clearance from the federal
government. While Republic is aware of our fiduciary duties and will
respond to Waste's antitrust notices as appropriate, Republic will
continue to guard against opportunistic attempts to disrupt our
strategic plans through open market activity or otherwise."
July 24, 2008 -- Barr Pharmaceuticals, Inc. (NYSE: BRL) confirmed that
its subsidiary, Barr Laboratories, Inc., has initiated a challenge of
the patents listed by Cephalon, Inc. in connection with its Fentora
Tablets (fentanyl citrate buccal tablets), equivalent to fentanyl base
100 mcg, 400 mcg, 600 mcg and 800 mcg. Barr filed its Abbreviated New
Drug Application (ANDA) containing a paragraph IV certification for a
generic Fentora product with the U.S. Food & Drug Administration (FDA)
in February 2008. Following receipt of the notice from the FDA that
Barr's ANDA had been accepted for filing, Barr notified the New Drug
Application (NDA) and patent holder. On July 22, 2008, Cephalon, Inc.
and Cima Labs., Inc. filed suit in the U.S. District Court for the
District of Delaware to prevent Barr from proceeding with the
commercialization of its product. This action formally initiates the
patent challenge process under the Hatch-Waxman Act. Fentora (fentanyl
citrate buccal tablets) had annual sales of approximately $142 million
in the U.S., based on IMS sales data for the 12-month period ending May
2008
July 24, 2008 -- Microsoft Corp (NASDAQGS: MSFT) announced that it
intends to acquire DATAllegro Inc, a provider of breakthrough data
warehouse appliances. The acquisition will extend the capabilities of
Microsoft's mission-critical data platform, making it easier and more
cost-effective for customers of all sizes to manage and glean insight
from the ever-expanding amount of data generated by and for businesses,
employees and consumers. "DATAllegro is a tremendously innovative
company that has started to redefine the data warehouse market," said
Ted Kummert, corporate vice president of the Data and Storage Platform
Division at Microsoft. "Microsoft SQL Server 2008 delivers
enterprise-class capabilities in business intelligence and data
warehousing, and the addition of the DATAllegro team and its technology
will take our data platform to the highest scale of data warehousing."
"Integrating DATAllegro's nonproprietary hardware platform and flexible
software architecture into Microsoft SQL Server will provide customers
with the strongest offering in the market," said Stuart Frost, CEO of
DATAllegro. "We are excited to join forces with Microsoft and continue
the innovation this company was founded on."
Wall Street abruptly ended an earnings-driven rally and closed sharply
lower Thursday after a steeper-than-expected decline in existing home
sales and worries about the financial sector chilled the market's
recent optimism. The major indexes fell about 2 percent, including the
Dow Jones industrial average, which lost more than 275 points. The
National Association of Realtors said sales resumed their decline in
June after a slight rebound in May. Existing home sales declined by 2.6
percent in June, well beyond the 1 percent drop economists had
forecast. Investors punished shares of homebuilders and financial
companies Thursday because both sectors have struggled with the
declining housing market. Alan Lancz, director at investment research
group LanczGlobal, said investors are concluding that while financials
had been oversold and were due for a rebound, problems remain with
tight credit and souring mortgage debt. "You have the rally and you
almost get the hangover now where you say 'You know, we're not out of
the woods yet,'" he said. According to preliminary calculations, the
Dow fell 283.10, or 2.43 percent, to 11,349.28. It was the biggest
decline for the Dow since June 26. The pullback erased the nearly 170
points added in the two prior sessions. Last week, the Dow gained
nearly 400 points. While some declines after the latest rally wouldn't
have come as a surprise, the drop Thursday revealed fresh unease about
the economy. Broader stock indicators also declined. The Standard &
Poor's 500 index fell 29.65, or 2.31 percent, to 1,252.54. A jump in
Amazon.com Inc. shares helped contain some of the decline in the
technology-heavy Nasdaq composite index, which fell 45.77, or 1.97
percent, to 2,280.11. Stocks had risen in the prior two sessions as the
price of oil declined. Oil is now down more than $20 after just weeks
ago hitting a record above $147 a barrel. A barrel of light, sweet
crude rose $1.05 Thursday to settle at $125.49 on the New York
Mercantile Exchange. Bond prices jumped Thursday as some investors
looked for the safety of government debt. The yield on the benchmark
10-year Treasury note, which moves opposite its price, fell to 4.02
percent from 4.12 percent from late Wednesday. The dollar was mixed
against other major currencies, while gold prices rose. Financial
stocks declined again Thursday after rising sharply in the past week
from their recent lows.
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO
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To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to
www.ceo-corner.com This opinion contains forward-looking statements
that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation to buy or sell securities. InvestSource, Inc. has prepared
all material herein based upon information believed to be reliable. The
information contained herein is not guaranteed by InvestSource, Inc. to
be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this release have not given an opinion
or approved the statements made in this release.
InvestSource, Inc. is not a licensed broker, broker dealer, market
maker, investment banker, investment advisor, analyst or underwriter.
InvestSource, Inc. affiliates, officers, directors and employees may
also have bought, or may buy the shares discussed in this opinion and
may profit in the event of a rise in value. InvestSource, Inc. will not
advise as to when it decides to sell and does not, and will not, offer
any opinion as to when others should buy or sell; each investor must
make that decision based on his or her judgment of the market. Please
consult your broker before purchasing or selling any securities
mentioned herein. InvestSource has been compensated $500 for services
rendered on behalf of SYMW. To view full disclaimers, please go to
http://investsourceinc.com/php/disclaimer.php (disclaimers).
CONTACT: InvestSource, Inc
WWW: http://www.investsourceinc.com
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