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  • QTM, VG, SNV, RUE - Quantum, Vonage, Synovus, rue21 0 comments
    Oct 26, 2010 2:33 PM | about stocks: QTM

     

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    Quantum Corp. (NYSE:QTM)

    QTM the leading global specialist in backup, recovery and archive, announced on October 25, 2010 that it has added a new archive conversion feature to its StorNext® data management software to simplify migration from legacy archive platforms. This innovative capability provides greater control and significantly shortens "time to access" archived files on third-party archival platforms during migration to the StorNext system. Today's announcement is the latest enhancement to StorNext software following the addition of LTO-5 tape technology support earlier this year. These advancements reinforce the benefits of StorNext in enabling higher performance and cost effectiveness for tiered data storage and long-term data retention strategies in enterprise environments.

    Quantum Corporation operates as a storage company that provides backup, recovery, and archive solutions. The company offers a range of disk, tape, and software solutions for information technology departments in various organizations to protect, retain, and access their digital assets.

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    Vonage Holdings Corporation (NYSE:VG)

    VG a leading provider of affordable communications services enabling individuals and social networks to connect through any broadband device worldwide, will report its financial results for the third quarter ended September 30, 2010 on Wednesday, November 3, 2010. The earnings release will be available on Vonage's Investor Relations website athttp://ir.vonage.com.

    Vonage Holdings Corp. provides voice and messaging services over broadband networks to residential, small office, and home office customers primarily in the United States, Canada, and the United Kingdom. It offers various features, such as call waiting, caller ID with name, call forwarding, and voicemail. The company also provides area code selection, number portability, online account management, and personalized Web-enabled voicemail.

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    Synovus Financial Corp. (NYSE:SNV)

    SNV reported on October 25, 2010 a net loss for the third quarter of $195.8 million, a 19 percent improvement from the net loss of $243 million for the second quarter of 2010, and a 57 percent improvement from the net loss of $454 million for the third quarter of 2009. The net loss per common share for the third quarter was $0.25. During the quarter, Synovus’ credit trends continued to improve, its capital position remained strong, and its core performance remained stable.

    Synovus Financial Corp., a diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; individual, consumer, installment, and mortgage loans; safe deposit services; automated banking services; automated fund transfers; Internet based banking services; and bank credit card services, including mastercard and visa services, as well as commercial banking services comprise commercial, financial, agricultural, and real estate loans.

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    rue21, inc. (Nasdaq:RUE)

    RUE, a leading specialty apparel retailer, today announced that Bruce Hartman has been appointed to join the Company's Board of Directors and will serve on its Audit committee. Mr. Hartman, age 57, most recently served as Executive Vice President, Chief Administrative Officer and Chief Financial Officer of Yankee Candle Company, the largest specialty branded premium scented candle company in the United States.

    Bob Fisch, Chief Executive Officer and Chairman of the Board of Directors, stated: "I am delighted to welcome Bruce Hartman to our Board. His senior management experience in finance and operations will make Bruce a valuable addition to our team. We look forward to benefiting from his strategic leadership as we continue to focus on disciplined growth."

    rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. rue21 currently operates over 600 stores in 44 states.

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    Stocks: QTM
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