PennyOmega.com Hot Stock News & Alerts!

________________________________________

FREE Daily Stock Alerts From PennyOmega.com

________________________________________

Thursday October 29, 2009

PennyOmega.com Stock Report!

**************************************************************

Kennametal Inc. (NYSE: KMT) today reported that sales for its first fiscal quarter ended September 30, 2009 improved sequentially by 6 percent from the preceding quarter. The improvement in sales was driven by a modest uptick in industrial activity in certain markets and follows three consecutive quarters of sharp sequential decline during the global economic downturn. Compared to the record level set for the September quarter one year ago, sales were lower by 36 percent.

Palomar Medical Technologies, Inc. (Nasdaq: PMTI), a leading researcher and developer of light-based systems for cosmetic treatments, today announced financial results for the third quarter ended September 30, 2009. Revenues for the quarter ended September 30, 2009 were $14.5 million, of which $11.2 million were product revenues, $1.3 million were royalty revenues, $0.8 million were funded development revenues, and $1.25 million were other revenues. Third quarter gross margin from product revenues was 58 percent. The Company had positive cash flow from operations of $3.6 million and the balance sheet continues to be strong with $109 million in cash and cash equivalents. Loss before taxes for the third quarter ended September 30, 2009 was $0.2 million, which included approximately $0.1 million in litigation expenses and a $1.0 million non-cash FAS 123R stock-based compensation expense. The Company reported net loss of $0.3 million, or $0.02 per share for the third quarter of 2009.

Bayer HealthCare Pharmaceuticals, Inc. and Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX) today announced that more than 25 studies evaluating the use of Nexavar® (sorafenib) tablets in liver cancer will be presented at The Liver Meeting®, the 60th Annual Meeting of the American Association for the Study of Liver Diseases (AASLD). Nexavar is the only systemic treatment to demonstrate prolonged survival in patients with hepatocellular carcinoma (HCC), the most common form of liver cancer, and is currently approved in more than 80 countries for the treatment of the disease.

Bionovo, Inc. (Nasdaq: BNVI) announced today that it will release financial results for the third quarter of fiscal year 2009 ended September 30, 2009 on Thursday, November 5, 2009. The Company will conduct a conference call and web cast to review the financial results on Thursday, November 5, 2009 at 4:45 p.m. ET.

OmniVision Technologies, Inc. (Nasdaq: OVTI), a leading developer of advanced digital imaging solutions, today introduced its OV7675 VGA image sensor, designed to deliver optimized performance at a competitive cost for the high-volume mobile handset and notebook/netbook markets. The price and performance of the OV7675 make it an ideal choice for OEM suppliers developing mobile handsets for the high growth Indian and Chinese markets.

Cogo Group, Inc., (Nasdaq: COGO) a leading platform services provider into technology and industrial sectors in China, today announced that Will Davis, Chief Marketing Officer, will present at the Brean Murray, Carret & Co. China Growth Conference on Thursday, November 19, 2009, from 2:20pm to 2:55pm at the Millennium Broadway Hotel in New York City.

Stocks Upgraded Today

Stocks Downgraded Today

***********Advertisement***********

********************************

Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more ) Rule 17B requires disclosure of payment for investor relations.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

Tags: AATI, AEM, ATVI, BMRN, BXP, CBST, CYTK, EEFT, ELN, EPD, FITB, HGSI, HTS, KSP, MEOH, MWV, ORCC, PEG, PPDI, PVTB, REGN, RKT, URBN, URS, VPHM, WYN

This entry was posted on Thursday, October 29th, 2009 at 5:26 am and is filed under Hot News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.