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Stock Profiler.US: Afternoon News Update: NCR, BLUE, ONNN, CATS, CXAC,
NLS
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:17072008
New York, NY -- NCR Corporation (NYSE: NCR); Blue Holdings, Inc.
(NASDAQ: BLUE); ON Semiconductor Corporation (NASDAQ: ONNN); Catalyst
Semiconductor, Inc. (NASDAQ: CATS); Cross Atlantic Commodities, Inc.
(OTCBB: CXAC); Nautilus, Inc. (NYSE: NLS)
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NCR Corporation (NYSE: NCR) closed at $26.06 Wednesday, trading
1,688,900 shares.
Company News- July 17, 2008: NCR and e-Play Expand Consumers' Options
for Delivery of Digital Entertainment
NCR Corporation (NYSE: NCR) announced earlier today an exclusive
licensing agreement with Columbus, Ohio-based e-Play, LLC, a move that
adds bare-disc technology to NCR's existing global self-service
technology portfolio, expanding consumer self-service options for
delivery of digital entertainment.
The new platform allows bare movie or game discs to be vended and
returned - cases or sleeves are not required - and offers the option of
checking discs for quality. This innovative technology presents added
revenue opportunities for retailers and other enterprises, through
kiosks that can each inventory up to 4,200 discs in a few square feet -
freeing valuable shelf and floor space while helping control shrink.
The technology also creates a better experience for consumers,
improving access to merchandise and providing a convenient self-service
option for buying, selling and trading used media, along with offering
a large number of titles from which to choose.
NCR plans to integrate e-Play's bare disc technology into its NCR
Xpress Entertainment portfolio, which includes a multichannel software
platform - allowing consumers to interact via the Internet, their
mobile devices or kiosks - and hardware options ranging from DVD
vending to digital download kiosks. Planned future enhancements include
support for other types of digital media.
In recent months, NCR has rapidly expanded the Xpress Entertainment
portfolio through a series of acquisitions that also include Touch
Automation and Ambient Partners. In a move to further expand deployment
options for its customers, NCR also made a minority investment in
e-Play to assist its development as an entertainment independent
service operator (ISO). Terms of the transaction were not disclosed.
"The e-Play technology is a great complement and addition to the NCR
Xpress Entertainment portfolio, which we launched earlier this year,"
said NCR Chairman and Chief Executive Officer Bill Nuti. "This
agreement will further expand our portfolio of self-service
entertainment solutions to include bare-disc as well as packaged DVD
media, thus enabling NCR to offer our customers the flexibility to
deploy the appropriate technology for their business strategy." e-Play
is currently working with a national retail chain to conduct a
multistore pilot in Georgia, North Carolina and Ohio of kiosks that
enable self-service buying, selling and trading of movies.
"We are excited to partner with NCR, the leader in self-service across
multiple industries, with thousands of customer service engineers
around the world," said e-Play Co-Founder and Chief Executive Officer
Alan Rudy. "This collaboration will greatly enhance e-Play's plans for
growth as an ISO in the kiosk marketplace. NCR's experience in
designing user-friendly solutions, coupled with e-Play's leading-edge
technology - which can significantly increase kiosk inventory capacity
beyond the capability of currently available units - will provide
businesses with more innovative choices in the ways they deliver
digital media to consumers."
About e-Play, LLC
e-Play is a revolutionary way of marketing, delivering and purchasing
DVDs: a high-tech DVD vending machine with the ability to hold
thousands of discs, convert used discs into cash or credit at the
retailer and a playability check on every disc dispensed. The machines
include new releases and catalog titles and feature an interactive
touch LCD screen playing trailers and interactive advertising. Founded
in 2005 and headquartered in Columbus, Ohio, e-Play Makes it Easy to
Find the Movies You Want.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how
the world connects, interacts and transacts with business. NCR's
assisted- and self-service solutions and comprehensive support services
address the needs of retail, financial, travel, healthcare,
hospitality, gaming and public sector organizations in more than 100
countries. NCR (www.ncr.com) is headquartered in Dayton, Ohio.
NCR is a trademark of NCR Corporation in the United States and other
countries.
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Blue Holdings, Inc. (NASDAQ: BLUE) closed at $0.3699 Wednesday, trading
9,800 shares.
Company News- July 17, 2008: Blue Holdings, Inc. Announces Execution of
Term Sheet to Form a Broad Joint Venture with Headgear for Development
and Distribution of its Product Lines
Blue Holdings, Inc. (NASDAQ: BLUE), a designer, manufacturer and
distributor of high-end fashion jeans, earlier today announced it has
signed a Term Sheet outlining the basic business terms of a joint
venture (JV) where Blue Holdings, Inc. and Headgear Inc. will co-market
select Blue Holdings brands, including Taverniti So and Antik Denim, to
selected Headgear retailers, and jointly develop new non-denim
products. Blue Holdings and Headgear hope to execute the definitive
joint venture agreement shortly.
Under the terms of the joint venture, Blue Holdings will provide sales
and marketing support for selected accounts, introduce new accounts and
co-develop new products. Headgear will design and develop all non-denim
apparel and footwear and will share all production resources and
sourcing resources world-wide. In addition, Blue Holdings will provide
celebrity introductions to Headgear brands and link web sites for
co-marketing opportunities.
Founded in 1992, Headgear Sportswear is today a wholesale designer and
marketer of young men's and junior's apparel in the U.S., with a
portfolio of private label brands such as Blac Label, Blac Label Pink,
Blac Label Gunmetal and Tru Ambition footwear. Headgear's private label
brands are sold through multiple retail channels.
"We are very excited to partner with Headgear Inc," said, Glenn Palmer,
Chief Executive Officer of Blue Holdings, Inc. "This venture will be an
important step forward for Blue Holdings and Headgear. The partnership
of these two companies has tremendous synergies. By combining our
respective core competencies and creative vision, we will greatly
expand the product offerings under the Antik and Taverniti brands as
well as their bases of distribution. We look forward to a long and
successful relationship." Jeff Watson, Chief Executive Office of
Headgear Inc., said, "Headgear is more than excited to begin work with
Blue holdings on a joint venture to make Taverniti and Antik denim pure
lifestyle brands. Headgear's lead brand Blac Label will have estimated
sales of $200 million at retail with estimated profits of $25 million
for 2008. I feel in teaming with Blue, we can take Antik and Taverniti
and form pure and complete collections to complement the their
excellent denim products."
About Blue Holdings, Inc.
Blue Holdings, Inc., directly and through its wholly owned
subsidiaries, Antik Denim, LLC and Taverniti So Jeans, LLC, designs,
develops, manufactures, markets, distributes and sells high-end fashion
jeans, apparel, and accessories under the "Antik Denim," "Yanuk,"
"Taverniti So Jeans," and "Faith" brands both in the United States and
internationally. Blue Holdings currently sells men's, women's and
children's styles. Antik Denim, Yanuk, Taverniti So and Faith jeans and
apparel are made from high-quality fabrics milled in the United States,
Japan, Italy and Spain, and are processed with cutting-edge treatments
and finishes. Blue Holdings' concepts, designs, embellishments,
patent-pending pockets and great attention to detail and quality give
it a competitive advantage in the high-end fashion jeans market.
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ON Semiconductor Corporation (NASDAQ: ONNN) closed at $8.84 Wednesday,
trading 12,547,800 shares.
Catalyst Semiconductor, Inc. (NASDAQ: CATS) closed at $4.06 Wednesday,
trading 8,400 shares.
Company News- July 17, 2008: ON Semiconductor to Acquire Catalyst
Semiconductor, Inc. in an All-Stock Transaction
ON Semiconductor Corporation (NASDAQ: ONNN) and Catalyst Semiconductor,
Inc. (NASDAQ: CATS) earlier today announced the signing of a definitive
merger agreement providing for the acquisition of Catalyst
Semiconductor by ON Semiconductor in an all-stock transaction in which
Catalyst shareholders will receive 0.706 shares of ON Semiconductor
common stock for each share of Catalyst common stock they own. This
represents an equity value of approximately $115 million and an
enterprise value of approximately $85 million.
"The acquisition of Catalyst Semiconductor will add to our high gross
margin analog and mixed-signal product offerings for the digital
consumer and wireless end-markets," said Keith Jackson, ON
Semiconductor president and CEO. "Catalyst Semiconductor's analog and
mixed-signal business represented more than $11 million in sales as of
their April 2008 fiscal year end - a business that grew more than 90
percent versus the prior year. Catalyst Semiconductor's EEPROM
technology will strengthen our custom application-specific circuits
(ASIC) and power products capabilities expanding our ability to more
comprehensively address our customers' needs. With the combination of
ON Semiconductor's global footprint, effective channels of
distribution, and top-tier customer relationships, we expect to be able
to support a broader and deeper penetration of Catalyst's overall
product portfolio. This should enable us to accelerate their revenue
growth and increase market share. We also believe additional revenue
from Catalyst Semiconductor's strong portfolio offering will benefit
from ON Semiconductor's manufacturing capabilities. We look forward to
welcoming Gelu Voicu, Catalyst Semiconductor's CEO, as well as the
talented Catalyst employee base to ON Semiconductor." "This transaction
represents a compelling opportunity for Catalyst employees, customers
and shareholders," stated Gelu Voicu, CEO of Catalyst Semiconductor.
"To compete successfully in today's global marketplace, size and scale
are very important. We are pleased to become part of a leading global
company in the semiconductor sector. ON Semiconductor's world-class
operational capabilities and supply chain will enable Catalyst
Semiconductor's products to better penetrate the automotive, consumer,
and industrial end-markets utilizing ON Semiconductor's global customer
and channel footprint." Transaction Details Under the terms of the
agreement, which has been approved by both boards of directors, the
fixed exchange ratio will be 0.706 shares of ON Semiconductor common
stock for each share of Catalyst Semiconductor common stock. Based on
the closing stock price of ON Semiconductor on July 16, 2008, this
represents a value to Catalyst Semiconductor shareholders of
approximately $6.24 per share. Upon completion of the transaction, ON
Semiconductor will issue approximately 13 million shares of common
stock on a fully diluted basis to complete the transaction or
approximately 3 percent of ON Semiconductor's fully diluted shares
outstanding.
The transaction is subject to the approval of shareholders of Catalyst
Semiconductor as well as customary closing conditions and regulatory
approvals. The companies expect the transaction to close in the fourth
quarter of 2008. Upon closing, ON Semiconductor may record a one-time
charge for purchased in-process research and development expenses and
other deal related costs. The amount of that charge, if any, has not
yet been determined.
"This acquisition is directly aligned with both our strategic and
financial goals," said Donald Colvin, ON Semiconductor executive vice
president and CFO. "Net of cash and short term investments of
approximately $30 million at the end of April 2008, the transaction
value represents approximately 1.1 times trailing twelve month sales.
We also believe ON Semiconductor's operational strengths will
significantly benefit the revenue and margin potential of Catalyst
Semiconductor. Excluding the impact of amortization expense, write-up
of inventory to fair market value, one-time and other deal related
charges discussed above, we expect the acquisition will have minimal
impact to earnings per share in the first year post the transaction
close and should be accretive to our earnings per share thereafter. ON
Semiconductor's business and the integration of AMIS Holdings, Inc. has
proceeded as anticipated and we are comfortable with the guidance and
current level of revenue and earnings expectations provided on our May
5, 2008 conference call. We intend to provide further details on the
acquisition and our second quarter 2008 results on our regularly
scheduled quarterly earnings conference call on Aug. 6, 2008." Shares
of the combined company will trade on the NASDAQ Global Exchange under
the symbol "ONNN." JP Morgan acted as exclusive financial advisor and
DLA Piper US LLP acted as legal counsel to ON Semiconductor. Houlihan
Lokey acted as exclusive financial advisor and O'Melveny & Myers LLP
acted as legal counsel to Catalyst Semiconductor.
Teleconference and Webcast Information ON Semiconductor will host a
conference call for the financial community at 8:00 a.m. Eastern Time
(ET) on Aug. 6, 2008 to discuss this announcement and ON
Semiconductor's results for the second quarter of 2008. The company
will also provide a real-time audio broadcast of the teleconference on
the Investor Relations page of its website at http://www.onsemi.com.
The webcast replay will be available at this site approximately one
hour following the live broadcast and will continue to be available for
approximately 30 days following the conference call. Investors and
interested parties can also access the conference call through a
telephone call by dialing (888) 546-9664 (U.S./Canada) or 706-679-4331
(International). In order to join this conference call, you will be
required to provide the Conference ID Number - which is 56464044.
Approximately one hour following the live broadcast, the company will
provide a dial-in replay that will continue to be available through
August 13, 2008. To listen to the teleconference replay, call
800-642-1687 (U.S./Canada) or 706-645-9291 (International). You will be
required to provide the Conference ID Number - which is 56464044.
About ON Semiconductor With its global logistics network and strong
product portfolio, ON Semiconductor (NASDAQ: ONNN) is a preferred
supplier of high performance energy efficient silicon solutions to
customers in the power supply, automotive, communication, computer,
consumer, medical, industrial, mobile phone, and military/aerospace
markets. The company's broad portfolio includes power, signal
management, analog, DSP, advance logic, clock management and standard
component devices. Global corporate headquarters are located in
Phoenix, Arizona. The company operates a network of manufacturing
facilities, sales offices and design centers in key markets throughout
North America, Europe, and the Asia Pacific regions. For more
information, visit http://www.onsemi.com.
About Catalyst Semiconductor
Headquartered in Santa Clara, California, Catalyst Semiconductor
designs and markets analog, mixed-signal and non-volatile memory
products, including Digitally Programmable Potentiometers (DPP), white
and color LED drivers, DC/DC converters, LDO regulators, voltage
supervisors, bus expanders, serial and parallel EEPROMs, Flash and
NVRAM. Many of Catalyst's products incorporate the Company's Quantum
Charge Programmable technology, to deliver Adaptive Analog products,
which offer a new level of customer flexibility, lower power and
smaller die size. Catalyst products are used in telecommunications,
computer, automotive, industrial and consumer markets. Typical
applications include LCD displays, automotive lighting, optical
networks, printers, modems, wireless LANs, network cards, DIMM modules,
cellular telephones, navigation systems, set-top boxes and Internet
routers.
ON Semiconductor and the ON Semiconductor logo are registered
trademarks of Semiconductor Components Industries, LLC. Catalyst
Semiconductor and the Catalyst Semiconductor logo are registered
trademarks of Catalyst Semiconductor, Inc. All other brand and product
names appearing in this document are registered trademarks or
trademarks of their respective holders. Although ON Semiconductor and
Catalyst Semiconductor reference their respective websites in this news
release, information on those websites is not to be incorporated herein.
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Cross Atlantic Commodities, Inc. (OTCBB: CXAC) closed at $0.0005
Wednesday, trading 34,589,000 shares.
Company News- July 17, 2008: CXAC Updates Investment Community
Cross Atlantic Commodities, Inc. (OTCBB: CXAC), manufacturers and
distributors of nationally branded commodities, food and general
merchandise to food stores, supermarkets and club stores, announced
earlier today it is optimistic about the second half of 2008 and
further updates the investment community of its progress.
CXAC continues to reorganize its corporation to better focus efforts on
growth of its product line and bring value to shareholders. Jorge
Bravo, President and CEO of CXAC explains, "Over the past two quarters
we redefined this company and we will continue to fine tune our
business model as we implement our plan of operation. First and
foremost, our strategy is well on its way. We adjusted our corporate
structure to better fit our business needs and we will announce details
of our progress once our plan is confirmed. Second, we reinvented CXAC
at its core. We are no longer focused on coffee and related products,
our concentration is food and snack related items, beauty products and
car care. We are taking full advantage of our relationships within
theses industry and expect announcements released shortly." CXAC's
short and long term goals remain the same - aggressive production and
marketing. CXAC is confident that the balance of this year will be
monumental for this organization.
"I wanted to reiterate to our shareholders that our business plan
remains on track. As funding becomes available we will continue to
invest in our future. I remain comfortable with the financial targets
for 2008. The Company also continues to pay down its debt during the
past two quarters. I am also pleased to report that our operating
momentum continues to remain strong as we go into our third-quarter,"
said Bravo.
Based on these trends CXAC remains optimistic about the Company's
prospects for the second half of 2008. "I look forward to sharing the
successes in more detail in further press releases," stated Bravo.
About Cross Atlantic Commodities, Inc.
Cross Atlantic Commodities, Inc., manufactures, distributes and markets
specialty food products and general merchandise to large food chains,
clubs and mass merchants. Through our moniker, Import Foods Division,
we assist overseas manufacturers in the conformities of US packaging
and label standards. Our proprietary brand, Fruit2 Go(R), is a unique
and healthy fruit snack packaged in a squeeze pack of our own design.
Spray n Shine is our environmental friendly waterless wash & wax that
can clean up to 5 cars in a single can without the use of water or
soap. Cross Atlantic Commodities, Inc. is a fully reporting company
trading on the OTCBB under the symbol "CXAC." Contact Investor
Relations at (954) 678-0698 or visit www.crossac.com.
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Nautilus, Inc. (NYSE: NLS) closed at $5.63 Wednesday, trading 453,900
shares.
Company News- July 17, 2008: Nautilus, Inc. to Announce Second Quarter
2008 Results on Thursday, July 31st 2008
Nautilus, Inc. (NYSE: NLS) earlier today announced that the Company
will host a conference call to discuss results for its second quarter
ended June 30, 2008 as well as outline additional restructuring and
cost improvement plans on Thursday, July 31, 2008. The Company will
issue an earnings release prior to the conference call. The Company
will provide additional details on strategic plans by business unit on
a future conference call.
The conference call is scheduled for 5:00 p.m. EDT (2:00 p.m. PDT),
July 31, 2008. It will be broadcast live over the Internet hosted at
www.nautilusinc.com/events and will be archived online within one hour
after completion of the call. In addition, listeners may call (866)
394-6821 in North America and (706) 645-0458 from outside North
America. Participants from the Company will be Edward Bramson, Chairman
and Chief Executive Officer and Bill Meadowcroft, Chief Financial
Officer.
A telephonic playback will be available from 4:00 p.m. PDT, July 31,
through 4:00 p.m. PDT, August 14, 2008. North American callers can dial
(800) 633-8284, and international callers can dial (402) 977-9140 to
hear the playback. The passcode is 21388886.
About Nautilus, Inc.
Headquartered in Vancouver, Wash., Nautilus, Inc. (NYSE:NLS) is a
global fitness products company providing innovative, quality solutions
to help people achieve a healthy lifestyle. With a brand portfolio
including Nautilus , Bowflex , Schwinn Fitness, StairMaster , and
Universal , Nautilus manufactures and markets innovative fitness
products through direct, commercial and retail channels. Formed in
1986, the company had 2007 sales of $502 million. It has 1,150
employees and operations in Washington, Oregon, Oklahoma, Virginia,
Canada, Switzerland, Germany, United Kingdom, Italy, China and other
locations around the world. Website: www.nautilusinc.com.
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