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After Gustav & Labor Day

Tue, 02 Sep 2008 14:26:00 GMT

Good morning. We're set for a positive start to September as oil prices fall significantly after Gustav failed to wreak havoc to critical energy facilities over the holiday weekend. In other news, Korea Development Bank confirmed that it is in talks to invest in Lehman Brothers. On Friday,[More...]

Earnings Reports Before Market Open (07/16/2008)

Wed, 16 Jul 2008 07:29:00 GMT

Ticker: MTOX,ABT,AMB,DAL,FMBI,FRGB,GCI,HST,LSTR,LUFK,MI,NTRS,ORCT,PJC,WFC,VLY[More...]

Jobless Claims, Oil Prices & Healthcare

Thu, 19 Jun 2008 14:19:59 GMT

Good morning. Premarket futures are showing a slight positive bias following a dip in weekly jobless claims and oil prices.[More...]

A Birthday Stock For My Daughter

Fri, 09 May 2008 14:17:33 GMT

Aaron Katsman[More...]

Bad News Bears - Feb 7 2008 10:41AM

Thu, 07 Feb 2008 14:35:38 GMT

Good morning. Premarket futures are lower following disappointment surrounding both Cisco Systems (CSCO), poor January retail sales, and higher than expected jobless claims. If you love bad news, then this is your day.[More...]

Looking For The Retest

Wed, 06 Feb 2008 16:27:24 GMT

Good morning. Traders are hoping for a Wednesday bounce following yesterday's meltdown.[More...]

Orckit Communications Reports 2009 Third Quarter Results; Company Secures New Customer Wins in India and Scandinavia

Wed, 04 Nov 2009 10:48:00 GMT

TEL AVIV, Israel, Nov. 4, 2009 (GLOBE NEWSWIRE) -- Orckit Communications Ltd. (Nasdaq:ORCT) today reported results for the third quarter and nine months ended September 30, 2009.
Adjustments related to the valuation of the conversion terms of the Company's convertible notes issued in March 2007 resulted in financial expense of $453,000 in the quarter ended September 30, 2009, $8,000 in the quarter ended June 30, 2009 and $1.7 million in the quarter ended September 30, 2008.
Adjustments related to the valuation of the conversion terms of the Company's convertible notes resulted in financial expense of $1.3 million in the nine months ended September 30, 2009 and $254,000 in the nine months ended September 30, 2008.

[More...]

Orckit Announces Adjournment of 2009 Annual General Meeting

Tue, 18 Aug 2009 10:13:00 GMT

Orckit Communications Ltd. today announced that the requisite quorum of two or more shareholders holding at least 25% of the outstanding ordinary shares was not present at its Annual General Meeting of Shareholders scheduled to be held on Monday, August 17, 2009 at 3:00 p.m. Israel time. Accordingly, pursuant to applicable law, an adjourned meeting will be held on Monday, August 24, 2009 at 3:00 p.m. Israel time, at the offices of the Company, 126 Yigal Allon Street, Tel Aviv, Israel. The quorum for the adjourned meeting will be any two shareholders present in person or by proxy. The record date of July 13, 2009 will remain unchanged for the adjourned meeting.[More...]

Orckit Communications Reports 2009 Second Quarter Results; Company Secures New Customer, MetroNet, in Second Quarter

Wed, 12 Aug 2009 10:48:00 GMT

TEL AVIV, Israel, Aug. 12, 2009 (GLOBE NEWSWIRE) -- Orckit Communications Ltd. (Nasdaq:ORCT) today reported results for the second quarter and six months ended June 30, 2009.
Adjustments related to the valuation of the conversion terms of the Company's convertible notes issued in March 2007 resulted in financial expense of $8,000 in the quarter ended June 30, 2009, financial expense of $808,000 in the quarter ended March 31, 2009 and financial income of $985,000 in the quarter ended June 30, 2008.
Adjustments related to the valuation of the conversion terms of the Company's convertible notes resulted in financial expense of $816,000 in the six months ended June 30, 2009 and financial income of $1.4 million in the six months ended June 30, 2008.

[More...]

Orckit Communications Reports 2009 Second Quarter Results

Wed, 12 Aug 2009 09:56:00 GMT

Orckit Communications Ltd. today reported results for the second quarter and six months ended June 30, 2009.[More...]

Orckit-Corrigent Strengthens Its Sales Effort in Latin America

Mon, 10 Aug 2009 13:21:00 GMT

Orckit Communications Ltd (NASDAQ: ORCT), the leading Carrier Ethernet + Transport (CE+T) networking vendor, today announced the establishment of a new office in Brazil to extend its presence in Latin America region. The new office is headed by Mr. Osmar Correa, a telecommunication sales and business development veteran. This investment is reflecting the company’s efforts to leverage the latest CM-4000 CE+T portfolio success at Mexico to the entire Latin America region.[More...]

MetroNet Selects Orckit-Corrigent CM-4000 Carrier Ethernet + Transport Solution for Deployment in Carrier's Carrier Network

Wed, 15 Jul 2009 13:49:00 GMT

Orckit-Corrigent (NASDAQ:ORCT), the leading Carrier Ethernet + Transport (CE+T) networking vendor, today announced that MetroNet, a Mexican telecommunication service provider, is upgrading its networking infrastructure with the Orckit-Corrigent CM-4000 portfolio.
CM-4000 upgrades MetroNet "Carrier of carriers" network and enables high-end connectivity solutions to most of the Mexican telecommunication operators.
"MetroNet has experienced significant traffic growth due to increasing demand for networking connectivity services," said Miguel Angel Fernandez, Chief Technology Officer at MetroNet.

[More...]

MetroNet Selects Orckit-Corrigent CM-4000 Carrier Ethernet + Transport Solution for Deployment in Carrier’s Carrier Network

Wed, 15 Jul 2009 13:11:00 GMT

Orckit-Corrigent (NASDAQ:ORCT), the leading Carrier Ethernet + Transport (CE+T) networking vendor, today announced that MetroNet, a Mexican telecommunication service provider, is upgrading its networking infrastructure with the Orckit-Corrigent CM-4000 portfolio. MetroNet is deploying Orckit-Corrigent CM-4000 in a few large metropolitan networks. CM-4000 upgrades MetroNet “Carrier of carriers” network and enables high-end connectivity solutions to most of the Mexican telecommunication operators.[More...]

Orckit Announces 2009 Annual General Meeting

Tue, 07 Jul 2009 12:58:00 GMT

Orckit Communications Ltd. today announced that its Annual General Meeting of Shareholders will be held on Monday, August 17, 2009 at 3:00 p.m. Israel time, at the offices of the Company, 126 Yigal Allon Street, Tel Aviv, Israel. The record date for the meeting is July 13, 2009. Proxy statements describing the various matters on the agenda and proxy cards for use by shareholders that cannot attend the meeting in person will be sent by the mail to the Company's shareholders that hold shares registered with the American Stock Transfer & Trust Company, including shares held via DTC members.[More...]

Orckit Communications Ltd. to Host Second Quarter 2009 Conference Call

Wed, 01 Jul 2009 12:56:00 GMT

Orckit will release second quarter 2009 results on the morning of Wednesday, August 12, 2009. Following the release, Mr. Izhak Tamir, President, and Mr. Uri Shalom, Chief Financial Officer would like to invite you to participate in a conference call scheduled for Wednesday, August 12, 2009, at the times indicated below:[More...]

Orckit-Corrigent Receives Network Products Guide 2009 Product Innovation Award

Mon, 18 May 2009 13:22:00 GMT

Orckit-Corrigent announced today that Network Products Guide, industry’s leading publication on information technologies and solutions, has named the CM-4140 product, a winner of the 2009 Product Innovation Award. This annually venerated award recognizes and honors vendors from all over the world with innovative and ground-breaking products that are bringing essential and incremental changes and are setting the bar higher for others in all areas of information technology.[More...]