DrStockPick Brings You A Stock Watch On Delivery Technology Solutions(DTSL), Microsoft ( MSFT) and Pier 1 Imports (PIR).
Thursday, September 16th, 2010
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Pier 1 Imports, Inc. (NYSE:PIR) reports financial results for the second quarter ended August 28, 2010.
Second Quarter Highlights
* Comparable store sales growth of 11.2% versus last year’s decline of 7.6%
* Merchandise margins were 58.3% of sales compared to 52.0% last year
* Gross profit improved to 36.9% of sales compared to 28.5% last year
* Operating income of $15.2 million compared to an operating loss of $15.3 million last year
* Net income of $14.4 million or $0.12 per share
* Strong balance sheet, ending the quarter with $187.6 million of cash
Returning to Profitability:
Alex W. Smith, President and Chief Executive Officer said, “We are happy to report net income for our fourth consecutive quarter and second quarter operating income for the first time in six years. Our return to profitability and beyond is firmly on track - we are all extremely upbeat about short and long-term prospects for our Company. We look forward to discussing our results and talking about the balance of the year in more detail later this morning on our conference call.”
Pier 1 Imports is dedicated to offering customers distinct home furnishings and décor at a good value. Pier 1 Imports’ merchandise is a constantly evolving assortment based on customers’ lifestyles and relevant home trends. Pier 1 Imports is a socially conscious company that conducts business with personal and professional integrity. Pier 1 Imports employs committed, caring associates whose first priority is responding to the needs of their customers.

Microsoft (NASDAQ:MSFT) recently released a beta version of Internet Explorer 9 (IE9) and introduced consumers to its vision of site-centric browsing and the promise of a more beautiful Web.
At a launch event in San Francisco, Microsoft announced that the IE9 beta is now available in 33 languages worldwide for download. With a simple user interface that masks new technical muscle and all-around fast performance, the new browser is designed to take a backseat and bring forward the full beauty of the websites and applications people care about, says Dean Hachamovitch, Microsoft’s corporate vice president for Internet Explorer.
“The Web is about sites, and your browser should be, too,” Hachamovitch says. “IE9 puts you and your site at the center of the browser experience.”
Tech-savvy consumers can download the beta of IE9 and test drive the new browsing experience at some of the Web’s most popular sites. At the “Beauty of the Web” event in San Francisco, more than 70 top sites and global brands showcased new sites and Web-based applications they have built to take advantage of the new capabilities IE9 offers. Sites such as Facebook, Twitter, MySpace and LinkedIn, and global brands such as Quiksilver, Red Bull, Livestrong and Amazon are showcasing experiences that take advantage of IE9’s ability to tap into the power of the whole PC and modern standards such as HTML5 to offer rich immersive experiences, and to integrate sites seamlessly with Windows 7. “When you add up all these sites, today over 800 million visitors – or two-thirds of active internet users – have a better Web on Windows experiences enabled today by IE9,” says Ryan Gavin, senior director of Internet Explorer.

Delivery Technology Solutions, Inc. (Pinksheets:DTSL), the leader in delivery management technology, has completed participation at one of the largest restaurant franchisee conventions, held July 22-25, 2010. Its UDS division attended the convention by invitation of the leading franchisor, and was able to showcase its large corporate catering and event management delivery technology platform to many of the thousands of convention attendees, and a range of other potential partners in the industry and associated industries.
“This was our first opportunity to interact face-to-face on a large scale with franchisees from all across American, Canadian, European, Middle Eastern and Asian markets,” said Ryan Coblin, CEO. “We could shake their hands, explain the opportunities our solutions offer, answer their questions and sign them up for follow-up contacts.”
Over the three-day event the company was successful in signing up franchisees that own thousands of locations, and multiple-territory development agents who represent thousands more. These signed prospects will be contacted by the franchisor and UDS to offer them optional programs to expand their customer base, increase sales and build new profits for their restaurants. Qualified franchisees are enrolled in the optional programs, and then UDS proprietary software is implemented at their unit, so orders may be received from the UDS Call Center and Online Ordering technology.
“As exciting as it was to meet the franchisees and development agents,” Mr. Coblin commented, “We also connected with old and new friends in the vendor community, representing some of the most famous brands in the industry, and other Fortune 500 companies, to open and further discussions toward cooperative partnerships to develop greater opportunities within the franchise population.”
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