(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:21082008
Stocks in the News: Allied Security Innovations, Inc. (OTCBB: ASVN),
FIMA, Inc. (PINKSHEETS: FIMA), McAfee, Inc. (NYSE: MFE), Microsoft
Corp. (NASDAQ: MSFT)
Aug 20, 2008 -- Allied Security Innovations, Inc. (OTCBB: ASVN) - an
industry leader in the development of Homeland Security and other
commercial security related products - announced results for the second
quarter 2008. Sales for the quarter grew 9% to $1,134,954 compared to
the same period in 2007, an increase of $ 97,477. Gross profit over the
period increased 9% to $768,528. Income, for the quarter increased 320%
or $68,556 compared to a loss of $36,301 for the second quarter of
2007. "We continue to execute our plan to steadily improve the company
and increase market penetration," states Anthony Shupin, CEO of ASI.
"We have added to our sales force, increased our distribution channels
and re-vitalized our production in order to meet the expanding demand
for tamper evident products, globally." Adds Michael Pellegrino, CFO
for ASI, "In addition to managing to keep our expenses down slightly
for the quarter, we are extremely pleased to note that June was our
best booked sales month in history. Looking ahead, the third quarter
should show the results of that effort."
Aug 19, 2008 -- FIMA, Inc. (PINKSHEETS: FIMA) announced today that its
subsidiary, Garcia y Garcia Concreto y Diseno Arquitectonico, has begun
the initial construction phases for two residential units in the
prestigious Las Playas neighborhood of Veracruz, Mexico. Several
operations have already been completed, including leveling of the site
and excavation for water and sewage works, and the construction has
already proceeded to the foundation phase. FIMA will be posting photos
of the construction at its website (www.fimadevelopmentinc.com)
shortly, and will be updating these photos to allow viewers to track
the progress of the development. According to a FIMA spokesperson,
"This is an exciting development for us. The Las Playas neighborhood in
Veracruz is one of the most sought after in the entire city, and it is
a validation of our growing presence in the region that we have been
able to secure a project in this prominent neighborhood. We will be
pre-selling the residential units at a discounted rate, and further
details are available on our website at www.fimadevelopmentinc.com. We
will be adding more detailed architectural renderings and construction
photos very soon."
Aug 20, 2008 -- McAfee, Inc. (NYSE: MFE) today announced its efforts to
extend its security products to Intel-based laptops and Mobile Internet
Devices (MIDs). McAfee will provide integrated data encryption for
laptops and integrated mobile content security for MIDs -- based on the
Intel Atom(TM) processor Z5XX series and Moblin-based software.
Additionally, McAfee announced plans to integrate McAfee's security
encryption with Intel's Anti-Theft Technology and Active Management
Technology to protect the data on a laptop in the event that it is
stolen and an unauthorized user tries to access it. High profile data
breaches continue to make headlines, impacting corporate reputation and
the bottom line. Data loss prevention solutions monitor, document, and
prevent sensitive information from leaving an organization. Data
encryption protects an organization if a laptop is lost or stolen.
McAfee's suite of mobile data protection solutions protects data,
devices and networks against the risks associated with loss, theft, and
unauthorized access, anytime and anywhere. McAfee's centralized
management capabilities provide organizations with operational
efficiency and ensure low total cost of ownership. This latest security
initiative will place McAfee data encryption on the Intel VPro hardware
leveraging Intel's Anti-Theft Technology to disable laptops booted
without authorization. If a laptop is lost or stolen the device will
automatically shut down when the unauthorized user tries to access the
data. "McAfee provides enterprise-class, powerful encryption and strong
access control technologies that seamlessly integrate with existing
systems," said Gerhard Watzinger, senior vice president and general
manager of McAfee's Data Protection Business Unit. "By teaming with
Intel to provide encryption for laptops we are extending protection to
customers anywhere anytime."
Aug 20, 2008 -- Microsoft Corp. (NASDAQ: MSFT) and Novell Inc are
announcing an incremental investment in their relationship to meet
accelerating customer demand for their business model solution, which
is designed to build a bridge between open source and proprietary
software to deliver interoperability and intellectual property (IP)
peace of mind for organisations operating mixed-source IT environments.
The investment focuses on enhanced programmes from Novell to provide
tools, support, training and resources for customers seeking an
enterprise-class Linux* platform and specifically, the optimal
interoperability solution between Microsoft Windows Server and SUSE
Linux Enterprise Server from Novell . It also includes Microsoft's
commitment to purchase up to US$100 million in certificates that those
customers can redeem for expanded support from Novell that includes
SUSE Linux Enterprise Server support and support for moving toward an
enterprise-class Linux platform. The investments will take effect 1 Nov
2008, and between now and then Microsoft and Novell will solicit
customer input and identify aspects of the support programmes that will
be most useful to organisations running mixed-source environments.
Customer response to the Microsoft-Novell model has been significant
since it began in November 2006. As part of the initial five-year
partnership agreement, Microsoft purchased US$240 million of Novell
certificates to sell to customers. Within 18 months, Novell invoiced
more than US$157 million in certificate revenues, or 65 per cent of the
original allotment. Customers who have already taken advantage of this
opportunity to seamlessly run both Windows Server and SUSE Linux
Enterprise Server include Wal-Mart Stores Inc, HSBC Holdings, Renault,
Southwest Airlines Co, BMW and many other leading companies around the
world. "The collaboration between Microsoft and Novell has been built
on our desire to meet our customers' real-life IT requirements as well
as give our partners greater breadth in their solution offerings," said
Kevin Turner, chief operating officer at Microsoft. "Some customers
have told us they want to be able to run Windows Server and Linux
together seamlessly, but in many cases, they need help with the
transition to SUSE Linux Enterprise Server from other Linux
environments. Our increased investment in the relationship with Novell
is intended to give these customers and partners the best possible
Windows-Linux interoperability solution, while also extending their
existing Windows Server investments and helping to give them IP peace
of mind."
Market Wrap for August 20th, 2008
Stocks settled with solid gains following a late-day surge in what was
a volatile session on a relatively slow news day. Volume was light, as
it has been throughout the week. Six of the ten economic sectors posted
a gain as market participants digested a massive build in crude oil
inventories, speculation that government sponsored enterprises Fannie
Mae (FNM 4.47, -1.54) and Freddie Mac (FRE 3.23, -0.94) will need a
government bailout and solid earnings from Hewlett-Packard (HPQ 46.20,
+2.51). Crude oil prices traded in volatile fashion, which exacerbated
the stock market's choppy session. The government released its weekly
energy report, which showed a 9.3 million barrel increase in crude
stockpiles -- the largest since 2001. Prices were up 2.2% at session
highs and down 1.7% at session lows before settling with a modest gain
of 0.4% at $114.98 per barrel. The financial sector saw large swings --
falling as much as 1.6% and rising as much 1.8% -- as market
participants speculated if Fannie Mae and Freddie Mac would need to be
bailed out by the federal government. There was no specific item that
prompted the steep declines in Fannie and Freddie, although several
reports addressed the issue of a bailout -- including a Wall Street
Journal article that said Freddie executives were set to meet with
Treasury Department officials. Still, investors looked past the Fannie
and Freddie turmoil, sending financials to a 1.7% gain with notable
strength in diversified banks (+3.7%). Hewlett-Packard reported
quarterly earnings of $0.83, which topped expectations by three cents
thanks to 10.5% year-over-year revenue growth that was driven by strong
notebook sales and the weak dollar. The Dow component also issued
fiscal fourth quarter earnings guidance that was above estimates. HPQ
rose 5.8% for the day, but the broader tech sector was unable to post
much of an advance, up just 0.3%. Commodity related stocks saw the most
buying interest. The energy sector rallied 2.8%, with strength in oil
production and exploration companies (+5.0%). The materials sector rose
2.1%, as diversified mining company Freeport McMoRan (FCX 90.91, +6.21)
rallied 7.3% on no specific news item.
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InvestSource, Inc. is not a licensed broker, broker dealer, market
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