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November 17, 2009
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Zoom Technologies Quarterly revenue increased 204% yoy and Quarterly net income increased 138% yoy.
(SINA) - buy
Sina beat Wall Street estimates and projected a strong outlook. "Total revenues for the third quarter of 2009 exceeded our guidance”, said Charles Chao, CEO.
(SPRD) - buy
Spreadtrum Communications Q3 revenue increased 137% qoq and 92% yoy; they expect Q4 to be in the range of $37-$40 mln.
(NGSX) - buy
NeurogesX reported their pain treatment Qutenza,using a high-concentration of synthetic capsaicin to treat postherpetic neuralgia or nerve pain was approved by the U.S. FDA.
(SIVB) - short
SVB Financial Group plans to notify U.S. Treasury of its intent to repurchase 235,000 shrs of outstanding Series B Fixed Rate Cumulative Perpetual Preferred Stock.
(SPWRA) - short
Sunpower announced that they believe there may have been unsubstantiated accounting entries made in the first three quarters of 2009.
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