TMCnet News
InvestSource Inc.: SRA Awarded $200 Million Blanket Purchase Agreement from Environmental Protection Agency(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:06052008 Stocks in the News: SRA International, Inc. (NYSE: SRX), Whiting Petroleum Corporation (NYSE: WLL), Synaptics Inc. (NASDAQ: SYNA), GOLDCORP, INC. (NYSE: GG), The Medicines Company (NASDAQ: MDCO), and InterDigital, Inc. (NASDAQ: IDCC) May 5, 2008 - SRA International, Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services and solutions to government organizations, today announced it has been awarded a blanket purchase agreement by the Environmental Protection Agency (EPA) to enhance the capabilities of its scientific research arm -- the Office of Research and Development (ORD) Software Engineering and Specialized Scientific Support (SES3). The seven-year, multiple award has an estimated value in excess of $200 million, if all options are exercised. Under the agreement to date, SRA has won two initial task orders with a combined value of more than $32 million, if all options are exercised. Both awards represent new business for the company. Under the first task order, SRA will provide expertise in communicating ORD's research information among teams of geographically dispersed scientists through publications, multimedia presentations and documentation. SRA will support 13 ORD locations across the country. Under the second task order, SRA and its subcontractor Raytheon will provide remote sensing and geographic information system support to ORD programs such as Environmental Monitoring and Assessment Program (EMAP); e-Estuary, National Coastal Assessment, National Aquatic Resource Survey, and the Ecological Research Program. SRA will design, implement and maintain spatial information technologies to support ORD research and landscape and watershed characterization and ecosystem assessment. May 5, 2008 - Whiting Petroleum Corporation (NYSE: WLL) today reported record first quarter 2008 net income of $62.3 million, or $1.47 per basic and diluted share, on total revenues of $264.1 million. This compares to first quarter 2007 net income of $10.7 million, or $0.29 per basic and diluted share, on total revenues of $159.9 million. Discretionary cash flow in the first quarter of 2008 totaled a record $161.4 million, more than double the $74.1 million reported for the same period in 2007. A reconciliation of discretionary cash flow to net cash provided by operating activities is included at the end of this news release. The increases in net income and discretionary cash flow in the first quarter of 2008 versus the comparable 2007 period were primarily the result of a 64% increase in the Company's net realized oil price, a 25% increase in its net realized gas price, and a 6% increase in the Company's total equivalent production. Production in the first quarter of 2008 totaled 3.74 million barrels of oil equivalent (MMBOE), of which 2.59 million barrels were crude oil (69%) and 1.15 MMBOE was natural gas (31%). This first quarter 2008 production total equates to a daily average production rate of 41,120 barrels of oil equivalent (BOE), compared to the 39,260 BOE per day average rate in 2007's first quarter. This also represents a 2% increase from the fourth quarter 2007 daily average rate of 40,340 BOE. Production in the first quarter of 2007 was affected by a refinery fire, which caused approximately 378 BOE per day of production to be shut-in or restricted. May 5, 2008 - Synaptics Inc. (NASDAQ: SYNA), a leader in capacitive sensing interface solutions for mobile computing, communications, and entertainment devices, today announced that Samsung's slim and stylish Yepp YP-P2 multimedia player features a touchscreen enabled by Synaptics' ClearPad(TM) solution. Synaptics' ClearPad is a high-resolution, transparent capacitive touch solution that provides users with a compelling new experience for controlling displayed applications. ClearPad replaces traditional mechanical buttons and sliders enabling an easy-to-use interface and allowing more display real estate for rich content and on-screen interaction. The Samsung Yepp YP-P2 is a Bluetooth-enabled device that features a MP3 player, FM radio, picture viewing capabilities, and video applications that a user can access and navigate directly on the screen, using Synaptics' ClearPad interface technology. ClearPad provides a quick and easy way to navigate, scroll through, and select digital content, especially with Synaptics' intuitive gesture recognition. May 5, 2008 - GOLDCORP, INC. (NYSE: GG) today reported net earnings of $229.5 million, or $0.32 per share, for the quarter ended March 31, 2008, an increase of 84% over net earnings in the first quarter of 2007. Adjusted net earnings doubled to $ 64.7 million, or $0.23 per share, compared to $82.8 million, or $0.12 per share, in the same period a year ago. First Quarter 2008 Highlights: Revenues increased 32% to $626.7 million on gold production of 521,900 ounces. Total cash costs of $240 per gold ounce(2), net of by-product copper and silver credits. Cash margin growth of 60% outpaced a 43% increase in realized gold price of $932 per ounce. Operating cash flow increased 35% to $239.1 million, before changes in working capital. Paid $31.9 million in dividends. Completed sale of Silver Wheaton shares for $1.6 billion. "Goldcorp's Latin American assets were our strongest performers against a backdrop of record-high realized gold prices in the first quarter," said Kevin McArthur President and Chief Executive Officer. "The results of Los Filos mine were partcularly encouraging in its first full quarter of commercial production, contributing to Goldcorp's status as the largest gold producer in Mexico. Marlin mine also exceeded expectations in the quarter, continuing the trend of quarterly product on growth. This performance combined with low cash costs for the quarter of $240 per ounce, resulted in a 60% growth in cash margins, providing our shareholders with excellent exposure to gold price increases. May 5, 2008 - The Medicines Company (NASDAQ: MDCO) today announced that the Journal of the American College of Cardiology published a new subgroup analysis from the ACUITY (Acute Catheterization and Urgent Intervention Triage strategY) trial demonstrating that switching to Angiomax(R) (bivalirudin) after pre-treatment with heparin (UFH or enoxaparin) results in comparable ischemic outcomes and approximately 50 percent reduction in major bleeding compared to consistent heparin therapy plus routine glycoprotein IIb/IIIa inhibitor (GPI) for acute coronary syndrome (ACS) patients undergoing early invasive treatment. "Our new findings from ACUITY challenge previous thinking and provide clinical evidence that switching to Angiomax is as effective and results in reduced bleeding rates compared to the consistent use of heparin," said Roxana Mehran, MD, associate professor of medicine, Columbia University Medical Center. "These data from the ACUITY trial are consistent with overall findings that show Angiomax alone is the preferred antithrombotic strategy in moderate and high risk ACS patients undergoing early invasive treatment." May 5, 2008 - InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent licensing subsidiaries have signed non-exclusive, worldwide, royalty-bearing patent license agreements with ASUSTeK Computer Incorporated (Asustek) and Pegatron Corporation, both of which are based in Taiwan. Each agreement covers the sale of wireless terminal units and infrastructure built to cellular standards including Second including TD-SCDMA, and products based on non-cellular wireless IEEE 802-based standards, for the duration of the life of the licensed patents. Asustek sells PDA's, notebooks, computers, and mobile phones under the popular Asus brand. Pegatron is a leading Taiwanese ODM that manufactures a wide range of components and assemblies for the global electronics industry. "These new agreements with two of Taiwan's premiere companies continue InterDigital's momentum in licensing its rich and widely-recognized portfolio of patented inventions for 2G and 3G to leading mobile device manufacturers throughout the world," commented Lawrence Shay, President of InterDigital's patent subsidiaries. The stock market settled with modest losses on Monday. Traders were hesitant to buy stocks in the face of the S&P 500's 12% surge from its low in March to Friday's closing level. Record crude oil prices and news of a failed takeover didn't help matters either. The day was mostly uneventful with stocks heading sideways for the majority of the session, in relatively light trading volume. The top story on Monday was news that Microsoft abandoned its acquisition plans after its increased offer was rejected at Yahoo! Microsoft raised its offer to $33 per share, or $47.5 billion, from its Feb. 1 offer of $31 per share, or $44.6 billion. However, Yahoo rejected the offer, as it was not willing to accept anything below $37 per share. As a result, shares of Yahoo plummeted 15%, but remain well above the Jan. 31 pre-offer level of $19.18 -- indicating traders feel there is still a chance a deal will be made. Shares of Microsoft were up as much as 3.4% on the news, but eventually ended the day with a slight loss. Sprint Nextel's stock spiked higher on two reports. Its shares were initially higher on a Wall Street Journal report that Deutsche Telekom is pondering an offer to acquire Sprint. Shares then spiked higher on a separate Wall Street Journal report that indicated Sprint is considering spinning off or selling its Nextel unit, according to the Journal's sources. Countrywide was back in the spotlight after Friedman Billings said Bank of America may renegotiate its deal to acquire Countrywide from $7 per share to $2 per share or less. Friedman noted Bank of America faces $20 billion to $30 billion in loan write-downs on the close of the Countrywide transaction. The financial sector (-1.5%) was a laggard throughout the session. The April ISM services reading was the sole item on the economic calendar. The services reading unexpectedly rose to 52.0 from 49.6, which topped the consensus estimate of 49.1. Since the number is above 50 it reflects the services sector expanded in April, albeit at a slow pace. The stock market got a short-lived boost from the report, but quickly slipped back into negative territory. Stocks may have had a subdued day of trading, but that was not the case for commodities, which rose 1.4%. Crude oil spiked 3.3% to an all-time intraday high of $120.21 per barrel, before settling at an all-time closing high of $119.94 per barrel. Crude prices advanced on the 0.40% slip in the dollar, and reports of unrest in Nigeria. Eight of the ten economic sectors ended the day with a loss. Financials (-1.5%) and utilities (-1.4%) were the main laggards. The gain in commodities and oil helped lift the materials (+1.5%) and energy (+1.0%) sectors into leadership positions.DJ30 -88.66 NASDAQ -12.87 SP500 -6.41 NASDAQ Dec/Adv/Vol 1620/1242/2.08 bln NYSE Dec/Adv/Vol 1777/1331/1.11 bln ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com. Coming in late Summer of this year: Go Baby GO!!! The first book of its kind on the OTCBB and Pink Sheet Markets www.gobabygobook.com . 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 a 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. InvestSource has received 5 million shares of Greenstone Holdings for services rendered. Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers). CONTACT: InvestSource, Inc e-mail: [email protected] WWW: http://www.investsourceinc.com ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |
