DrStockPick.com Stock Report! 10/29/09, SIVC, PWRM, PCG, ADVS, GILT, ZEUS
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Thursday October 29, 2009
DrStockPick.com Stock Report!
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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of Personalized Medicine.”
S3 Investment Company, Inc. (PINKSHEETS: SIVC) today issued comments on recently reported financial results filed by Boyuan Construction Group, Inc., a client of S3’s wholly owned Redwood Capital subsidiary, in which Boyuan Construction reported significant revenue increases over previous periods. As a result of Redwood Capital’s participation as the Chinese merchant banking advisor in the reverse takeover transaction that resulted in Boyuan Construction being listed on the TSX Venture Exchange, Redwood Capital received shares of Boyuan common stock. Additional Boyuan shares have been granted to Redwood Capital as Boyuan completed additional subsequent rounds of funding.
PG&E Corporation’s (NYSE: PCG) net income after dividends on preferred stock (also called “income available for common shareholders”) was $318 million, or $0.83 per share, in the third quarter ended September 30, 2009, as calculated in accordance with generally accepted accounting principles (GAAP). The third quarter GAAP results included a net charge of $0.10 per share, reflecting costs for accelerated natural gas system survey and maintenance work and a workforce reduction, partially offset by a prior year tax benefit. On a non-GAAP basis, PG&E Corporation’s earnings from operations were $358 million, or $0.93 per share, in the third quarter of 2009. In the same quarter last year, both GAAP and non-GAAP earnings were $304 million, or $0.83 per share.
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Abu Dhabi Islamic Bank has selected Advent Portfolio Exchange® (APX), Advent’s award-winning, next-generation integrated portfolio management and client relationship management solution. APX will provide Abu Dhabi Islamic Bank with the technology infrastructure to support its new global wealth management division.
Gilat Satellite Networks Ltd. (Nasdaq:GILT) today announced that its long-time customer Kazakhtelecom JSC, (KT), has added Gilat’s cellular backhaul solution to its satellite communications network. KT is Kazakhstan’s largest telecommunications operator. Gilat is the largest provider of satellite communications networks in Kazakhstan.
Olympic Steel, Inc., (Nasdaq: ZEUS), a national steel service center, announced today that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC). When declared effective by the SEC, the shelf registration statement will provide the Company with advance regulatory approval to sell securities in one or more separate offerings in amounts and at prices and terms to be determined at the time of sale.
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