FinancialWire's Instablog

Perry Ellis, Callaway Golf Expand Agreement

Wed, 11 Apr 2012 16:24:58 -0400

April 11, 2012 (FinancialWire) -- Perry Ellis (NASDAQ: PERY) said it has amended and expanded its existing license agreement with and Callaway Golf (NYSE: ELY).

The original collaboration was for Perry Ellis to generally design, manufacture and distribute apparel and related accessories with Callaway.

Under the new terms, Perry Ellis will now assume all Callaway distribution channels in the western hemisphere including sporting goods, national accounts, green grass, tournaments, specialty golf stores, and e-commerce channels.

Perry Ellis International (approx. market cap. US$ 275 mil.), engages in designing, sourcing, marketing and licensing apparel products for men and women in the United States and internationally. It was formerly known as Supreme International Corporation and changed its name in June 1999. The company was founded in 1967 and is headquartered in Miami, Florida.

Callaway Golf (approx. market cap. US$ 425 mil.), together with its subsidiaries, designs, manufactures and sells golf clubs and golf balls. It sells its products principally in the United States, Europe, Japan and rest of Asia. The company was founded in 1982 and is headquartered in Carlsbad, California.

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Cal Dive Pursuing Offshore Wind Venture (at http://www.financialwire.net/issues/2012_04/11/dvr-offshore-wind.htm)

Resolute, Navajo Nation Solidify Partnership (at http://www.financialwire.net/issues/2012_04/11/ren-navajo-venture.htm)

ORIGINAL ARTICLE: http://www.financialwire.net/issues/2012_04/11/pery-ely-liscense.htm

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INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).

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FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Copyright (C) MMXII, FinancialWire(tm); All rights reserved.

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Stocks: Perry Ellis International Inc. (NASDAQ: PERY) / Callaway Golf Company (NYSE: ELY)

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Resolute, Navajo Nation Solidify Partnership

Wed, 11 Apr 2012 16:22:22 -0400

April 11, 2012 (FinancialWire) -- Independent oil and gas company Resolute Energy (NYSE: REN) said it has entered into two transactions regarding its interest in the Greater Aneth field, in Utah, through which Resolute and Navajo Nation Oil & Gas will consolidate their interests in the field "to strengthen and clarify their strategic relationship."

In the first transaction, Resolute reportedly entered into an agreement with affiliates of Denbury Resources, pursuant to which Resolute and Navajo Nation acquired all of Denbury's interests in Aneth Field for total cash consideration of $75 million. The working interests, located in the Aneth unit and the Ratherford unit, were acquired by Resolute and Navajo on a 50%-50% basis and were the last significant ownership interests in the field that were not owned by Resolute and Navajo Nation, according to Resolute.

Along with the Aneth-Rutherford transaction, Resolute and Navajo Nation also reportedly entered into an amendment to a cooperative agreement. Among other changes, the amendment allowed Navajo Nation to exercise an option to purchase 10% of the interest owned by Resolute in the Greater Aneth field before giving effect to the Denbury transaction.

This purchase option was exercised for a cash consideration of $100 million, according to the companies.

Resolute Energy Corp. (approx. market cap. US$ 630.1 mil.) engages in the acquisition, exploration, exploitation and development of oil and gas properties in the United States. The company is based in Denver, Colorado.

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Cal Dive Pursuing Offshore Wind Venture (at http://www.financialwire.net/issues/2012_04/11/dvr-offshore-wind.htm)

Perry Ellis, Callaway Golf Expand Agreement (at http://www.financialwire.net/issues/2012_04/11/pery-ely-liscense.htm)

ORIGINAL ARTICLE: http://www.financialwire.net/issues/2012_04/11/ren-navajo-venture.htm

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INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).

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Stocks: Resolute Energy Corporation (NYSE: REN)

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Cal Dive Pursuing Offshore Wind Venture

Wed, 11 Apr 2012 16:19:12 -0400

Cal Dive Pursuing Offshore Wind Venture

April 11, 2012 (FinancialWire) -- Marine contractor Cal Dive International (NYSE: DVR) said it is forming a joint venture to pursue a major offshore wind project.

The collaboration, being formed with Flatiron Construction Corp. and Cashman Equipment Corp., designates Cal Dive as the preferred contractor, and allocates Cal Dive with a "significant minority interest" in the project, according to Cal Dive.

The project, spearheaded by Cape Wind Associates LLC and known as the Cape Wind Project, is located on Nantucket Sound, off the coast of Massachusetts.

The preferred contractor designation reportedly empowers the joint venture to assist Cape Wind, on an exclusive basis, in project planning, financing and refinement of the project cost of construction.

Final award and execution of the project construction contract is expected to occur in 2012, with project construction expected to begin in 2013.

Cal Dive International Inc. (approx. market cap. US$ 326 mil.) has historically provided manned diving, pipe laying and pipe-burial services to the offshore oil and natural gas industry. It owns and operates a fleet of 26 vessels, including 23 surface and saturation diving support vessels as well as three shallow water pipe-laying vessels. The company, founded in 1975, is based in Houston, Texas.

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Resolute, Navajo Nation Solidify Partnership (at http://www.financialwire.net/issues/2012_04/11/ren-navajo-venture.htm)

Perry Ellis, Callaway Golf Expand Agreement (at http://www.financialwire.net/issues/2012_04/11/pery-ely-liscense.htm)

ORIGINAL ARTICLE: http://www.financialwire.net/issues/2012_04/11/dvr-offshore-wind.htm

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INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

Free ANNUAL REPORTS and COMPANY FILINGS for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279).

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Stocks: Cal Dive International (NYSE: DVR)

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Cognex CFO To Present Via Webcast

Fri, 06 Jan 2012 11:08:50 -0500

January 5, 2012 (FinancialWire) (Investrend Forums Syndicate) -- Cognex Corp. (NASDAQ: CGNX) (approx market cap US$ 1.55 bil.) announced that Richard A. Morin, executive vice president and CFO of Cognex, will discuss the company’s performance and future prospects at the 14th Annual Needham & Company Growth Conference at the Palace Hotel in New York City.

Morin’s presentation, scheduled for Tuesday, January 10th, at 10:40 AM ET, will be audio broadcast and archived on Cognex’s website (at http://www.cognex.com/Investor).

Cognex Corporation and its subsidiaries provide machine vision products that capture and analyze visual information to automate tasks, primarily in manufacturing processes. It operates in two divisions, Modular Vision Systems and Surface Inspection Systems. The company was founded in 1981 and is headquartered in Natick, Massachusetts.

LightPath Technologies (NASDAQ: LPTH) Appoints New Board Member (http://www.financialwire.net/issues/2012_01/05/lpth-appoints-to-board.htm)

Newport Corp. (NASDAQ: NEWP) Presenting At Two Conferences (http://www.financialwire.net/issues/2012_01/05/newp-presenting.htm)

FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Further information and disclosures are accessible via the FinancialWire(tm) website (at http://www.financialwire.net/). Copyright © MMXII, FinancialWire(tm); All rights reserved.

Newport Corp. Presenting At Two Conferences

Fri, 06 Jan 2012 11:06:17 -0500

January 5, 2012 (FinancialWire) (Investrend Forums Syndicate) -- Newport Corp. (NASDAQ: NEWP) (approx. market cap US$ 534 mil.) announced that its senior management is scheduled to present at the 12th Annual CJS Securities "New Ideas for the New Year" Conference on Wednesday, January 11th, and at the 14th Annual Needham Growth Stock Conference on Thursday, January 12th. Both conferences will be held in New York City.

Newport said that company president and CEO, Robert Phillippy, as well as senior VP and CFO, Charles Cargile, will appear at both conferences.

Phillippy and Cargile will make a joint presentation at the Needham Conference, being held at the New York Palace Hotel. The Needham presentation is slated to be available via live audio webcast available (at http://wsw.com/webcast/needham49/newp/). The materials presented at the conference will be available on-site during the webcast, and a replay also will be available for 90 days after the live presentation. In addition, Newport said it will make copies of the materials presented at both conferences available on the company’s investor relations website (at http://www.newport.com/investors/).

Both conferences plan to give attendees the opportunity to meet one-on-one with Newport management.

Newport Corporation, together with its subsidiaries, engages in the design, development, manufacture, and marketing of technology products and systems primarily in the United States, Pacific Rim, and Europe. The company operates in two divisions, photonics and precision technologies, and lasers. The company, founded in 1938 and is headquartered in Irvine, California, markets and sells its products to original equipment manufacturer and end-user customers through its direct sales organizations, independent distributors, and sales representatives, as well as through catalogs and websites.

Additionally, Newport is part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index.

LightPath Technologies (NASDAQ: LPTH) Appoints New Board Member (http://www.financialwire.net/issues/2012_01/05/lpth-appoints-to-board.htm)

Cognex (NASDAQ: CGNX) CFO To Present Via Webcast (http://www.financialwire.net/issues/2012_01/05/cgnx-cfo-webcast.htm)

FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Further information and disclosures are accessible via the FinancialWire(tm) website (at http://www.financialwire.net/). Copyright © MMXII, FinancialWire(tm); All rights reserved.

LightPath Appoints New Board Member

Fri, 06 Jan 2012 11:03:03 -0500

January 5, 2012 (FinancialWire) -- Optical components and assemblies company LightPath Technologies (NASDAQ: LPTH) (approx. market cap US$ 11 mil.) recently announced the election of M. Scott Faris to its board of directors. The company said Faris will serve as an independent director/class II member for the remainder of the current class II term, which continues until the company's 2013 annual stockholders meeting.

LightPath characterizes Faris is an experienced entrepreneur with almost two decades of operating, venture financing and commercialization experience, involving more than 20 start-up and emerging growth technology companies.

Faris currently founded and is currently CEO of Planar Energy, a company that is developing ceramic solid state battery technology. Planar Energy is a spin-out of the U.S. Department of Energy's National Renewable Energy Laboratory.

Faris previously was chairman and CEO of Waveguide Solutions, a developer of planar optical lightwave circuit and microsystem products that was a spin-out of the University of North Carolina, Charlotte. He also was a founding director and COO of Ocean Optics, a precision optical component and fiber optic instrument spin-out of the University of South Florida with a proprietary technology to pattern thin-film filters.

Prior to Waveguide and Ocean Optics, Faris was a partner with Corporate IP Ventures (formerly MetaTech Ventures), an early-stage venture fund that commercialized defense technologies, and was the founder and CEO of Enterprise Corporation, a technology accelerator that raised more than $50 million in capital for new and existing technology firms through a private investment forum.

Faris also has served as director of the Florida Seed Capital Fund and as director of technology commercialization at the Center for Microelectronics Research.

LightPath also noted that Faris is involved in Florida's technology community and is currently an officer and director of the Metro Orlando Economic Development Commission. Faris is also a member of the board of directors of Orlando Inc. and Florida High Technology Council, as well as a founder and a director of the Central Florida Technology Forum and the Florida Idea Grant Fund, according to LightPath.

LightPath Technologies Inc. engages in the design, development, manufacture, and distribution of optical components and assemblies in the United States and internationally. It offers precision molded glass aspheric optics, precision molded infrared molder optics, isolators, proprietary fiber-optic collimators, glass lenses, and other optical materials used to produce products that manipulate light. The company’s products are used for various applications in industries comprising defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecom, machine vision, and sensors. It sells its products through direct sales force, distributors and channel partners, catalog distributors, as well as the company’s proprietary catalog and Internet site. LightPath was founded in 1985 and is headquartered in Orlando, Florida.

FINANCIALWIRE(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject companies, associated entities or individuals for its news, opinions or distributions. Contact FinancialWire(tm) directly via the FinancialWire(tm) website (at http://www.financialwire.net/contact/). Further information and disclosures are accessible via the FinancialWire(tm) website (at http://www.financialwire.net/). Copyright © MMXII, FinancialWire(tm); All rights reserved.