OCZ Technology Group, a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its second quarter results for the fiscal year 2012 (Q2′12), which ended on August 31, 2011. Q2′12 Financial Highlights include the following: Net revenue in Q2′12 was a record $78.5 million, and increased 106% compared with net revenue of $38.0 million reported in Q2′11, and increased 6% compared with the $73.8 million reported in Q1′12; SSD revenue reached a record $71.1 million, an increase of 252% compared with Q2′11 SSD revenue of $20.2 million, and a 3% increase compared with Q1′12 SSD revenue of $69.1 million; Gross margin increased to 21.6% compared with 4.3% in Q2′11, and 20.0% in Q1′12; and GAAP net income in Q2′12 of $3.2 million or $0.06 per share.
GAAP net income for Q2′12 was $3.2 million or $0.06 income per share compared with a GAAP net loss of $7.6 million or $0.29 loss per share in Q2′11. Non-GAAP net loss for Q2′12 was $1.4 million or $0.03 loss per share as compared with a non-GAAP net loss for Q2′11 of $9.7 million, or $0.36 loss per share. The non-GAAP loss for Q2′12 includes a significant increase in R&D expense including approximately $2.3 million related primarily to R&D prototyping, intellectual property and other specific engineering project expenses which are not reflective of R&D expense on a run-rate basis. A reconciliation between GAAP and non-GAAP information is contained in the tables below.
Founded in 2002, San Jose, CA-based OCZ Technology, is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ Technology Group has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magneti! c hard d isk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ Technology Group also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions.
For more information about OCZ please visit www.ocztechnology.com
The best Stock to Watch by DrStockPick.com in 2012 - Global Hunter (GBLHF.PK)
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Copper chemical symbol is Cu. A characteristically reddish metal of bright luster; highly malleable and ductile; high heat conductivity; an excellent conductor of electricity and is celebrated for its corrosion resistance. Copper is believed to have been discovered around 8,000 B.C. Used in the pure state or alloyed by other elements to make brasses and bronzes consumed in building construction, electric and electronic products, industrial machinery, transportation equipment, and numerous consumer and general products. Copper also is alloyed with other metals as nickel (creating cupro-nickel) and beryllium.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear! and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information http://www.globalhunter.ca
The best Stock to Watch by DrStockPick.com in 2012 - Joe’s Jeans Inc. (Nasdaq:JOEZ) announced that it plans to hold a conference call on Tuesday, October 11, 2011 at 4:30 p.m. Eastern Time with the Company’s Chief Executive Officer, Marc Crossman, and its Chief Financial Officer, Hamish Sandhu, to discuss financial results for the third quarter ended August 31, 2011.
Joe’s Jeans Inc. engages in the design, development, and marketing of apparel products worldwide. Its product line comprises women’s and men’s denim jeans, pants, shirts, sweaters, jackets, and other apparel products under the Joe’s brand.
Tianli Agritech, Inc. (Nasdaq:OINK) announced the Company has acquired land use rights and facilities in the Osmanthus Village Industrial Park, Xiangfeng Town, Laifeng County, on which it intends to equip a 50,000 ton feed production facility. The Company believes the property, which is approximately 2.1 acres, can be quickly and economically converted into a feed production facility.
Tianli Agritech, Inc., through its subsidiary, HC Shengyuan Limited, engages in breeding, raising, and selling hogs for use in Chinese pork meat production, as well as for breeding by other hog producers.
The best Stock to Watch by DrStockPick.com in 2012 - MAJESTIC GOLD CORP (MJGCF.PK)
Gold is one of the most sought-after precious metals found on the planet. It is obtained in the form of grains in rocks and alluvial deposits. The bright yellow color of pure gold gives it a lustrous finish which adds to the beauty of the metal. Everybody knows that a large part of the total obtained gold is utilized in making jewelry. Now gold is also used in various electronic devices, ranging from calculators to computers. Even the cell phones and television sets you use in your day to day life contain a small amount of this precious metal. Gold is an efficient conductor of electricity, and more importantly, it does not corrode like other metals used in electrical devices. It is used in connectors, soldered joints, connecting wires etc.
MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
MAJESTIC GOLD CORP (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the da! te of th e loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
For more information about MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net
The best Stock to Watch by DrStockPick.com in 2012 - iRobot Corporation (Nasdaq:IRBT) has received an $11 million order from the U.S. Army Contracting Command in Warren, Michigan for 70 of the company’s model 310 SUGV robots and spares kits.
iRobot Corporation designs and builds robots for the consumer, government, and industrial markets.
