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Imation Corporation (IMN)

Memorex, a portfolio brand of Imation Corp. (NYSE: IMN), Thursday announced the release of the Memorex MyVideo™ and MyVideo HD camcorders—stylish pocket camcorders designed to capture life’s impromptu moments.

Oct 15 · 1:37:00 PM · Source: Business Wire
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by Larry Etter

Lawson Software Inc. (LWSN)

Lawson Software (Nasdaq: LWSN) announced today that its stockholders approved all proposals voted at its 2009 Annual Meeting of Stockholders held today at the company's headquarters in St. Paul, Minn. Voting results for two proposals were as follows: All nine directors standing for election were approved to serve during the fiscal year ending May 31, 2010; stockholders voted to ratify and approve the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the company for the fiscal year ending May 31, 2010.

Oct 15 · 12:23:00 PM · Source: Business Wire
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by Larry Etter

Fairchild Semiconductor International, Inc. (FCS)

Fairchild Semiconductor (NYSE: FCS), a leading global supplier of high performance products to drive energy-efficiency, today announced results for the third quarter ended September 27, 2009. Fairchild reported third quarter sales of $331.8 million, up 19 percent from the prior quarter and 23 percent lower than the third quarter of 2008. Fairchild reported third quarter net income of $2.7 million or $0.02 per diluted share compared to a net loss of $24.9 million or $0.20 per share in the prior quarter and net income of $26.7 million or $0.21 per diluted share in the third quarter of 2008. Gross margin was 26.0 percent compared to 23.2 percent in the prior quarter and 29.9 percent in the year ago quarter. Included in these results is $3 million of accelerated depreciation and a favorable $0.1 million inventory reserve release related to previously announced fab closures.
Company says order rates remain solid across broad range of end markets and regions. It also said that combined channel and internal inventories are down $26 million from the prior quarter

Oct 15 · 11:02:00 AM · Source: Business Wire
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by Larry Etter

Cisco (CSCO)

Cisco Systems recent offer to purchase Norwegian videoconferencing firm Tandberg for 153.50 crowns per share has been rejected by a group holding 24% of the firm’s outstanding shares.
Amund Lunde, CEO of Oslo life insurance group Pensjonsforsikring and member of the group that turned down the bid said, "We think the price is too low." Cisco's offer values Tandberg at about 23 times next year's projected earnings, slightly above U.S. rival Polycom's multiple of 21.7.

Oct 15 · 10:47:00 AM
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by Michael Oliveto

Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corp. (NYSE:CY) today announced that revenue for the 2009 third quarter was $178.7 million, up 15% from $155.8 million for the prior quarter, and down 20% from $222.7 million for the year-ago period (excluding SunPower). Cypress recorded a GAAP net loss of $19.7 million in the 2009 third quarter, or a diluted net loss per share of $0.13. This compares with last quarter’s diluted net loss per share of $0.32 and diluted earnings per share in the year-ago third quarter of $0.86.
Q3 results exceeded guidance and revenue increased was a good surprise.

Oct 15 · 10:44:00 AM · Source: Business Wire
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by Larry Etter

Apple (AAPL)

Apple’s iPhone beat RIMM’s Blackberry in a customer satisfaction study performed by J.D. Power and Associates.
The iPhone received a score of 803 while the Blackberry received a score of 724 on a 1000 point scale. Factors considered were were ease of operation, operating system, physical design, features and battery function.

Oct 14 · 11:55:00 AM · Source: Internetnews.com · Related: Research in Motion
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by Michael Oliveto

Intel (INTC)

Intel boosted the confidence of the markets when it reported better than expected results. The company Tuesday afternoon reported third-quarter revenue of $9.4 billion. The company reported operating income of $2.6 billion, net income of $1.9 billion and earnings per share (EPS) of 33 cents.
Analysts feel this points to better economic feelings in market for at least the short-term.

Oct 14 · 10:22:00 AM · Source: Business Wire · Related: Dell
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by Larry Etter

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