Exelixis, Inc. (Nasdaq:EXEL) announced that Michael Morrissey, Ph.D., the company’s president and chief executive officer, will present at the upcoming BIO CEO & Investor Conference at 11:30 a.m. EST / 8:30 a.m. PST on Monday, February 14, 2011 in New York. Dr. Morrissey will discuss the company’s development plans and priorities for cabozantinib (XL184), future data presentations and corporate strategy, and provide a general business update. The event will be webcast and may be accessed in the Event Calendar page under Investors at http://www.exelixis.com.
Exelixis, Inc. engages in the discovery, development, and commercialization of small molecule drugs for the treatment of cancer, metabolic, and cardiovascular disorders was founded in 1994 and is headquartered in South San Francisco, California.
American Video Teleconferencing Corp. (OTCPK:AVOT)
The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy.
Mining, refining, and recycling of rare earths have serious environmental consequences if not properly managed. A particular hazard is mildly radioactive slurry tailings resulting from the common occurrence of thorium and uranium in rare earth element ores. Additionally, toxic acids are required during the refining process. Improper handling of these substances can result in extensive environmental damage. In May 2010, China announced a major, five-month crackdown on illegal mining in order to protect the environment and its resources. This campaign is expected to be concentrated in the South, where mines are commonly small, rural, and illegal operations particularly prone to release toxic wastes into the general water supply. However, even the major operation in Baotou, in Inner Mongolia, where much of the world's rare earth supply is refined, has suffered major environmental damage.
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles, but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and AVOT may just be the new source, here's why.
AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
GSI Technology Inc. (Nasdaq:GSIT) reported net income of $5.8 million, or $0.20 per diluted share, on net revenues of $26.2 million for its third quarter ended December 31, 2010. In the same period a year ago, the Company earned $2.0 million, or $0.07 per diluted share, on net revenues of $17.4 million. In the prior quarter ended September 30, 2010, the Company earned $5.2 million, or $0.18 per diluted share, on net revenues of $26.7 million. Pre-tax income in the third quarter — the Company’s twenty-ninth consecutive quarter of profitability — was $6.7 million, unchanged from the second quarter; net income in the third quarter included a provision for income taxes of $814,000 compared to a provision of $1.5 million in the second quarter.
GSI Technology, Inc. designs, develops, and markets static random access memory (SRAM) products for the networking and telecommunications markets primarily in the United States, China, Malaysia, and Singapore. was founded in 1995 and is headquartered in Sunnyvale, California.*****
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc.’s wholly owned subsidiary, Crown Tele Services Inc., has completed installing servers for its business, which is currently in the process of preparing to provide and offer its “VoIP” communication services to small, large and enterprise businesses.
Crown TeleServices Services
Crown TeleServices assume responsibility for the entire implementation, freeing you to concentrate on other priorities and helping to ensure that system deployment goes flawlessly; on time and on budget.
Design & Integration to Implementation Services
From assessment and design to integration to installation, as well as consulting and training to ongoing maintenance, across Mobility & Unified Communications, Security, Voice & Video, Contact Centers and Networks. Crown TeleServices Implementation Services help ensure your system is deployed for optimum performance and satisfaction.
- Least-cost routing for outbound telephone calls to reduce long-distance charges
- 911 call-routing design to ensure the correct first responder is called and accurate information is delivered
- Complex call routing requirement
- Disaster recovery plan and support
- Long-term capacity planning
After all, the backbone of any successful communication system deployment is a sound design.
Crown TeleServices' approach to understanding your communication requirement starts with a network assessment which helps to ensure that your infrastructure can successfully carry voice over IP (VoIP). After identifying any changes being required to make your infrastructure VoIP-ready, we start building a communication solution specific to your needs.
To learn more about CRWE visit: http://www.crownequityholdings.com
Union First Market Bankshares Corporation (Nasdaq:UBSH) has declared a quarterly dividend of $0.07 per share. This dividend is the same as third quarter dividend and represents a 16.67% increase from the $0.06 quarterly dividend paid on February 28, 2010. Fourth quarter net income available to common shareholders, which deducts dividends and discount accretion on preferred stock from net income, was $3.9 million or $0.15 per fully diluted share, compared to $7.5 million or $0.29 per share, in the third quarter and ($52,000) or ($0.00) per share, for the fourth quarter last year. Based on the stock's closing price of $13.73 on January 26, 2011, the dividend yield is 2.04%. The dividend is payable on February 28, 2011 to shareholders of record as of February 16, 2011.
Union First Market Bankshares Corporation operates as the holding company for the Union Bank and Trust Company, First Market Bank, Northern Neck State Bank, and Rappahannock National Bank, which provide a range of retail commercial banking services to consumers and businesses in Virginia.
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