DrStockPick.com Stock Report! 10/28/09, PSFT, AFFW, PEBK, SXE, ALU, CSC
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Wednesday October 28, 2009
DrStockPick.com Stock Report!
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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.
Affinity Mediaworks Corp. (OTCBB:AFFW). Affinity is pleased to announce that it has entered into an agreement to produce twelve films with Insight Film Studios/Odyssey Film Studios of Vancouver, British Columbia. Insight leads the Canadian industry for the fourth consecutive year according to Playback magazine with over $125 million in production of television, theatrical and documentary product as of August 2009. Insight Film Studios latest feature release, the horror spoof “Stan Helsing” (Directed by Bo Zenga, Starring Leslie Nielsen) is set to premier this Halloween. Earlier this year, Insight released the feature, “Personal Effects” staring Ashton Kutcher and Michelle Pfeifer.
Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK), the parent company of Peoples Bank, reported net earnings of $300,000, or $0.05 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the three months ended September 30, 2009 as compared to $1.7 million, or $0.31 basic and diluted net earnings per share, for the same period one year ago. After adjusting for $348,000 in dividends and accretion on preferred stock, net loss available to common shareholders for the three months ended September 30, 2009 was $48,000, or $0.01 basic and diluted net loss per common share. Net earnings from recurring operations for the three months ended September 30, 2009 was $670,000, or $0.12 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, as compared to third quarter 2008 net earnings from recurring operations of $2.0 million, or $0.35 basic and diluted net earnings per share. Tony W. Wolfe, President and Chief Executive Officer, attributed the decrease in third quarter earnings to an increase in provision for loan losses and a decrease in net interest income. Mr. Wolfe noted that the decline in earnings for the third quarter reflects the continuing impact of the current financial crisis in the increase in non-performing assets when compared to the same quarter in 2008. Mr. Wolfe stated that the recessionary environment continues to have an adverse impact on real estate values, new home sales and construction, necessitating an increase in the provision for loan losses as the risk of loss in the loan portfolio increases.
Stanley, Inc. (NYSE: SXE), a leading provider of systems integration and professional services to the U.S. federal government, today announced that it was awarded a five-year contract valued at $118.7 million, with exercise of options, by the U.S. Army Sustainment Command (ASC) for the maintenance and sustainment of their Integrated Material Management Operations Systems program. The award is a recompete of the Army War Reserve Deployment System (AWRDS) contract.
Alcatel-Lucent (NYSE: ALU) today announced the introduction of two new IP routers designed to give service providers an economically viable alternative for offering smaller communities the same advanced mobile, residential and business services currently delivered in larger metropolitan areas. The new products, which will expand the addressable market of Alcatel-Lucent’s industry-leading Service Router portfolio, will extend the benefits of service routing further out into the network and also enable mission-critical verticals such as utilities, transportation, healthcare, public safety, and financial institutions to confidently transform their networks to all-IP with a solution scaled to their needs.
CSC (NYSE: CSC) today announced it has won a Diamond Award for Marketing Excellence from the IT Services Marketing Association (ITSMA). CSC’s winning entry represents the “best in class” for the industry in the Leveraging Digital Marketing category, as measured by innovation, execution and business results.
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