DrStockPick.com Stock Report!
Wednesday, July 22, 2009
Raptr (http://raptr.com), the social utility that allows you to connect with your gaming friends and see what the world is playing, today announced Activision Publishing, Inc. and THQ Inc. (NASDAQ: THQI) as the newest members of the Raptr Partners Program. Activision and THQ join leading game companies Sony Online Entertainment, NHN USA, Gala-Net, and GamesCampus, as well as hardware companies Razer and Bigfoot Networks, as Raptr partners. Raptr is now on over 1 million gamers’ PCs in over 150 countries.
ERF Wireless (OTCBB:ERFW), a leading provider of enterprise-class wireless broadband products and services, announced today that the company has recently been recognized in an independent research report as a very strong candidate for stimulus funds. In its July 2009 Broadband Stimulus Report, Emerging Growth Research LLP noted that ERF Wireless is one of the leading candidates with “solid operations, strong management teams, and extensive track records of rural deployments” and that the risk/reward for owning stock in such companies is very positive since the receipt of stimulus funds “would likely send stock valuations soaring.”
Shanda Interactive Entertainment Limited (Nasdaq: SNDA), a leading interactive entertainment media company in China, and Shanda Music Group Limited (”Shanda Music”), a wholly owned subsidiary of Shanda, today announced final results and completion of the tender offer for 1,155,045,300 ordinary shares, par value $0.00005 per ordinary share (”Shares”), of Hurray! Holding Co., Ltd. (”Hurray!”), including Shares represented by American Depositary Shares (”ADSs,” each representing 100 Shares) at a purchase price of $0.04 per Share (equivalent to $4.00 per ADS) in cash, without interest and subject to any applicable withholding taxes.
Evolution Solar Corporation (Pink Sheets: EVSO). The World Bank reports economic growth in China is expected to be 7.5% in 2009, while economies such as those in the U.S. continue to contract. China, like the U.S., has instituted a massive economic stimulus package to sustain growth in its economy.
The Eastern Company (NYSE Amex-EML) today announced the results of its operations for the second quarter and six months of 2009. Sales for the quarter were $28.1 million, compared to $36.1 million for the same period in 2008, a 22% decrease, while net income was $842,000 or $0.13 per diluted share, compared to the $1.4 million, or $0.22 per diluted share, reported in the second quarter of 2008, a 38% decrease.
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it continues implementing its social programs at all of its subsidiaries. The programs are aimed at providing support to Mechel’s employees’ families, to the youth and elderly generation.
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