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MEMSIC Inc ( MEMS ) Print E-mail
High Tech
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Tuesday, 23 April 2013 08:25
MEMSIC to be Acquired by IDG-Accel China Capital II, L.P. and Affiliates

MEMSIC, Inc. (MEMS), a leading MEMS solution provider, today announced that it has agreed to be acquired by IDG-Accel China Capital II, L.P. and its affiliates MZ Investment Holdings Limited and MZ Investment Holdings Merger Sub Limited (collectively, “IDG”), for $4.225 per share in cash. Affiliates of IDG currently hold approximately 19.5% of the company’s outstanding common stock. IDG and its affiliates will acquire all the outstanding shares of common stock of MEMSIC that are not currently owned by them, including shares underlying outstanding in-the-money equity awards, for approximately $88.5 million.

 
Superconductor Technologies Inc ( SCON ) Print E-mail
High Tech
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Tuesday, 23 April 2013 08:22
Superconductor Technologies Announces the Receipt of Purchase Orders From Leading Multinational Industrial Companies for Conductus 2G HTS Wire

Superconductor Technologies Inc. (STI) (SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, announces that it has recently received purchase orders from multiple customers for its Conductus(R) 2G HTS wire. The backlog from these purchase orders along with other wire shipments that STI has committed to as of April 15, 2013 are expected to exhaust production capacity until at least the third quarter of 2013.

 
Electronics For Imaging Inc ( EFII ) Print E-mail
High Tech
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Friday, 19 April 2013 07:17
EFI Reports Record First Quarter With Revenue of $171M, Up 7%

Growth Across All Business Segments Drives 24% Operating Income Increase and Solid Cash Generation

Electronics For Imaging, Inc. (EFII), a world leader in customer-focused digital printing innovation, today announced its results for the first quarter of 2013.

For the quarter ended March 31, 2013, the Company reported first quarter record revenue of $171.4 million, up 7% compared to first quarter 2012 revenue of $160.1 million. First quarter 2013non-GAAP net income was $15.8 million or $0.33 per diluted share, which included an unfavorable non-operational currency impact of $0.04 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012. GAAP net income was $8.4 million or $0.17 per diluted share, compared to $6.2 million or $0.13 per diluted share for the same period in 2012.

 
SGOCO Group Ltd ( SGOC ) Print E-mail
High Tech
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Friday, 19 April 2013 06:55
SGOCO Group, Ltd. Reports Unaudited Financial Results for the Fourth Quarter and Full Year 2012

SGOCO Group, Ltd. (SGOC), ("SGOCO" or the "Company"), a company focused on product design, distribution and brand development in the Chinese flat-panel display market, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2012.

Given the significant changes to SGOCO's business model and balance sheet pursuant to the Sale of Honesty Group in the fourth quarter of prior year, SGOCO considers year-over-year comparisons of financial results less relevant and quarter-over-quarter results more relevant.

 
Travelzoo Inc ( TZOO ) Print E-mail
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Thursday, 18 April 2013 08:09
Travelzoo Reports First Quarter 2013 Results

Travelzoo Inc. (TZOO):

  • Revenue of $42.2 million, up 7% year-over-year
  • Net income of $5.6 million, up 49% year-over-year
  • Earnings per share of $0.36, compared to $0.23 (GAAP) / $0.42 (non-GAAP) in the prior-year period
  • Cash flow from operations of $6.5 million

Travelzoo Inc., a global Internet media company, today announced financial results for the first quarter ended March 31, 2013, with revenue of $42.2 million, an increase of 7% year-over-year. Operating profit was $8.0 million. Net income was $5.6 million, with earnings per share of $0.36, up from $0.23 in the prior-year period. Non-GAAP earnings per share was $0.36, down from $0.42 in the prior-year period.

 
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