DrStockPick.com Stock Report!
Tuesday�August 11, 2009
WABCO Holdings Inc. (NYSE: WBC) (www.wabco-auto.com), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that WABCO and Ashok Leyland, the Indian flagship of the Hinduja Group, have completed an agreement for development of transmission automation technology and the long term supply of automated manual transmission (AMT) systems from 2010 through 2015.
TeleCommunication Systems, Inc. (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today clarified the first office action (FOA) issued last week by the U.S. Patent & Trademark Office in its inter partes re-examination of U.S. Patent No. 6,985,748, titled “Inter-Carrier Short Messaging Service Providing Phone Number Only Experience.” The first preliminary statement of the Patent Office agreeing with some of the arguments of Sybase 365 (”Sybase”) while rejecting Sybase’s other arguments is a routine office action that is not a surprise to TCS. That action was based solely on Sybase’s arguments made in February 2008 without the benefit of any input from TCS. If the Patent Office does not suspend the reexamination entirely, as TCS has requested, then TCS will have an opportunity to respond to Sybase’s arguments and explain why the cited prior art is irrelevant.
ChinaCast Education Corporation (Nasdaq:CAST), a leading for-profit, post-secondary and e-learning services provider in China, today announced it has entered into a definitive agreement to purchase the remaining 20% interest in The Foreign Trade and Business College (”FTBC”) of Chongqing Normal University for $17.6 million. The Company will also pay an additional $2.3 million for a one-time profit distribution bringing the total purchase price to $19.9 million. On April 21, 2008, ChinaCast consummated the acquisition of 80% of Hai Lai Education Technology Limited (”Hai Lai”), the holding company which owns 100% of FTBC, for a total cash consideration of $65.8 million.
WSP Holdings Limited (NYSE: WH), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or “OCTG”), and other pipes and connectors, today announced its unaudited financial results for the second quarter ended June 30, 2009.
ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today a lease expansion for newly developed distribution space totaling 268,000 square feet in Dallas with SpeedFC, a leading third-party logistics provider.
Cornerstone Therapeutics Inc. (Nasdaq: CRTX), a specialty pharmaceutical company focused on acquiring, developing and commercializing significant products primarily for the respiratory and related markets, today reported financial results for the three and six months ended June 30, 2009.
Source: E-Gate System from Alphatrade.com
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