Symantec Corporation (Nasdaq:SYMC) announced recently the results of its second quarter of fiscal year 2011, ended Oct. 1, 2010. GAAP revenue for the fiscal second quarter was $1.480 billion, up 2 percent year-over-year after adjusting for currency. We are pleased with the execution in the quarter, in particular the strong performance in backup and archiving and continued momentum in hosted services and data loss prevention.
In addition, we saw growth in the public sector, driven by strength across all product lines in both the civilian and defense agencies," said Enrique Salem, president and chief executive officer, Symantec. We're making good progress integrating the VeriSign security business, PGP and GuardianEdge into the Symantec portfolio and all three acquisitions performed better than expected in the quarter.
Symantec Corporation provides security, storage, and systems management solutions to secure and manage information. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. The Consumer segment provides Internet security and protection solutions, suites, and services to individual users and home offices.
MusclePharm Reports Preliminary Third Quarter 2010 Results
Anticipates 300% Revenue Growth to Approximately $1.4 Million
Third Quarter Gross Margins Expected to Grow to 34% Compared to Negative Margins in the Same Period of 2009
MusclePharm(NYSE:R) Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, announced this morning their preliminary financial results for the third quarter ending September 30, 2010.
On a preliminary basis, the Company expects revenues for the third quarter of 2010 to be approximately $1.4 million, compared to revenues of $232,488 for the third quarter of 2009, and revenues of $468,109 for the second quarter of 2010.
Commenting on the preliminary results, Brad Pyatt, Chief Executive Officer said, "We are very pleased with the 300% revenue growth and over 10% margin improvement we achieved during the third quarter. Our expanding product line combined with the rapidly growing online and retail distribution has us well positioned for continued growth in the future."
Headquartered in Denver, Colorado, MusclePharm is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB.
Mecox Lane Limited (Nasdaq:MCOX) which operates China's leading online platform for apparel and accessories as measured by revenues in 2009, announced recently that its initial public offering of 11,742,857 American depositary shares ("ADSs"), each representing seven ordinary shares of the Company, was priced at $11.00 per ADS.
Of the 11,742,857 ADSs being offered, 9,714,286 ADSs are offered by Mecox Lane, and 2,028,571 ADSs are offered by the selling shareholders. The Company will not receive any proceeds from the ADSs sold by the selling shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 1,761,429 ADSs from Mecox Lane and certain selling shareholders.
Mecox Lane Limited engages in the design and sale of apparel, accessories, home, and healthcare products through its online platform and stores. It offers various apparel and accessories, including women’s T-shirts, sweaters, jeans, dresses, outerwear, purses, and shoes, as well as kids’ apparel and men’s apparel; home products comprising a selection of home furnishings, a large-rim cup to cook instant noodles, and other small household appliances; beauty and health products consisting of skin care, fragrance, cosmetic, and other personal care products; and pet-related products.
Yahoo! Inc. (Nasdaq:YHOO) announced recently that the company has appointed Ross Levinsohn as executive vice president of the Americas region. As one of the direct reports of CEO Carol Bartz, Levinsohn will join the executive staff of Yahoo! in November and will be responsible for the company's media group, advertising sales, and partnerships for the Americas region.
Ross has a phenomenal track record of executing digital media strategies that increase user engagement and, most importantly, accelerate topline growth,” said Bartz. “I am confident that Ross’s strategic vision, in addition to his deep industry experience, will allow us to solidify our position as the largest digital media, content and communications business around the globe.
Yahoo! Inc. provides online properties and services to users; and marketing services to advertisers worldwide. Its integrated consumer experiences offerings include the Yahoo! Home Page, My Yahoo!, Yahoo! Toolbar, Yahoo! Local, and Connected TV over the Web, mobile, or TV; communications offerings comprise Yahoo! Mail and Yahoo! Messenger.
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