Evca.ob, Siri, And Infn On Pennytobucks Watch List For July 23rd
SIRIUS XM Radio (Nasdaq:SIRI) announced that it plans to release second quarter 2010
financial and operating results on Wednesday, August 4, 2010.
SIRI will hold a conference call at 8:00 am ET on Wednesday, August 4, 2010 to discuss these results. Investors and the press can listen to the conference call via the company's website, www.sirius.com, and on its satellite radio service by tuning to SIRIUS channel 126 or XM channel 90.
SIRI is America's satellite radio company delivering to subscribers commercial-free music channels, premier sports, news, talk, entertainment, and traffic and weather.
SIRI has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Rosie O'Donnell, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge, Bob Edwards, Chris "Mad Dog" Russo, Jimmy Buffett, The Grateful Dead, Willie Nelson, Bob Dylan and Tom Petty. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball, NASCAR, NBA, NHL, and PGA TOUR and major college sports.
SIRI has arrangements with every major automaker. SIRI products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Wal-Mart and independent retailers.
SIRI also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
EVCARCO (OTC.BB:EVCA), a publicly held company in alternative energy vehicles, announced today the board of directors has approved the expansion of EVCARCO operations into South America. The company has appointed Bogota, Colombia as its base of operations for the Texas Corporation.
EVCA.ob is focused on alternative energy vehicles, has seen a dramatic increase in inquires from South America as well as specific government requests to supply all electric units for fleet use.
Scott ONEAL, COO, stated, After visiting South America, and meeting in Colombia with government officials I was impressed at the willingness and Desire to create alternative energy fleets in several branches of government. It is the perfect time for EVCA.ob to expand into these countries, noting that in some countries gas prices are nearly double U.S. regulated prices, making alternative fuel options financially viable even in developing nations.
EVCA.ob (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.
Infinera Corporation (NASDAQ:INFN), a leading provider of digital optical communications systems, today released financial results for the second quarter ended June 26, 2010.
-- GAAP revenues for the quarter were $111.4 million compared to
$95.8 million in the first quarter of 2010 and $68.9 million in the
second quarter of 2009.
-- GAAP gross margins for the quarter were 42% compared to 39% in the
first quarter of 2010 and 29% in the second quarter of 2009. GAAP net
loss for the quarter was $9.6 million, or $(0.10) per share, compared
to $20.0 million, or $(0.21) per share, in the first quarter of 2010
and $27.1 million, or $(0.28) per share, in the second quarter of 2009.
-- Non-GAAP gross margins for the quarter were 44% compared to 41% in the
first quarter of 2010 and 31% in the second quarter of 2009, excluding
restructuring and other related costs and non-cash stock-based
compensation. Non-GAAP net income for the quarter was $3.0 million, or
$0.03 per diluted share, compared to net loss of $7.0 million, or
$(0.07) per share in the first quarter of 2010 and net loss of
$18.2 million, or $(0.19) per share, in the second quarter of 2009.
The company also noted the following developments in the second quarter:
-- Positive cash from operations of $11.2 million;
-- TAM Shipments of 2,400 units;
-- Strengthened DWDM market share positions in North America (#1 at 39%)
and worldwide (#2 at 15%) based on Dell'Oro market data as of end of
Q1 CY2010; and
-- Four greater than 10 percent customers including one of the world's
leading internet content providers as the top customer, two wholesale
carriers, Level 3 and Global Crossing, and one of the largest cable
companies in North America.
Infinera provides Digital Optical Networking systems to telecommunications carriers worldwide. Infinera's systems are unique in their use of a breakthrough semiconductor technology: the photonic integrated circuit (PIC). Infinera's systems and PIC technology are designed to provide customers with simpler and more flexible engineering and operations, faster time-to-service, and the ability to rapidly deliver differentiated services without reengineering their optical infrastructure. For more information, please visit www.infinera.com.
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