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Wall Street Ends Mostly Higher, Alcoa (NYSE: AA) Jumps

Wed, 02 Dec 2009 22:05:13 GMT

US stocks finished mixed on Wednesday after Federal Reserve said economy "improved modestly" in late October and November.[More...]

US Stock Futures Flat Ahead Of Beige Book Report, Nokia (NYSE: NOK) Eyed

Wed, 02 Dec 2009 12:53:52 GMT

US stock futures were little changed on Wednesday after ADP reported that the economy shed 169,000 private-sector jobs in November.[More...]

Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA): Third Quarter Earnings Preview 2009

Mon, 30 Nov 2009 18:27:54 GMT

Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is scheduled to release financial results for the third quarter ended September 30, 2009 on Tuesday, December 1, 2009 after the close of the U.S. market[More...]

Is Bad News Good Again?

Mon, 09 Nov 2009 13:29:08 GMT

There are times in the market when the action make little sense. For example, most investors probably expected the market to decline when the Labor Dept. reported that the Unemployment Rate hit the highest level since 1983. However, we just might be ent[More...]

Indexes Do Not Tell The Tale Of Damage

Wed, 28 Oct 2009 20:27:15 GMT

First, pardon all the trading today - some days just require it. I'm already exhausted and its only 2 PM. Second, we've been saying the indexes are not reflecting the carnage seen "underneath" - my watch lists are full of names in the $500M to $5B market cap space which is my sweet spot, and it looks like September 2008 . Here is a sampling of what is really happening when you move away from McDonalds, IBM, Walmart, and Microsoft.[More...]

Tepid Video Game IPO Means A Better Price: GAME

Thu, 01 Oct 2009 00:13:59 GMT

Last week we discussed a unique type of bond. Today we turn more speculative. This week Shanda Interactive (SNDA), a Chinese purveyor of interactive entertainment and media technology, offered U.S. investors a piece of its video game business, Shanda Games (GAME) in one of the most widely-anticipated IPOs of 2009. The buzz surrounding Shanda Games was so intense that the company raised the offering from 63 million to 83.5 million shares just to meet demand.[More...]

How To Find The Best Potential Profit Plays In The Resurgent M&A And IPO Markets

Tue, 29 Sep 2009 13:52:15 GMT

When Xerox Corp. (NYSE: XRX) yesterday (Monday) unveiled plans to pay $6.4 billion for outsourcing specialist Affiliated Computer Services Inc. (NYSE: ACS), it was just one of four major financing deals with an aggregate value of more than $14 billion announced on the day.[More...]

IPOs Heating Up Markets

Wed, 23 Sep 2009 14:44:29 GMT

What would you do with $3.5 billion? While you decide between a luxury beach house on your own private island in the South Pacific, or a Swiss-style log cabin in the Alps, Corporate America is mulling over an option that isn’t nearly as sexy, but is hugely important.[More...]

Post Market Summary: Wall Street Closes Up On Weak Dollar, JP Morgan (NYSE: JPM) Rallies

Tue, 22 Sep 2009 21:18:06 GMT

US stocks finished higher on Tuesday as dollar's sharp slide against euro spurred a rally in sectors such as materials and industrials.[More...]

Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA): Second Quarter Earnings Preview 2009

Tue, 01 Sep 2009 16:18:10 GMT

Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is scheduled to release financial results for the second quarter ended June 30, 2009 on Thursday, September 3, 2009 after the market close.[More...]

Shanda Games IPO gets tepid reception

Fri, 25 Sep 2009 20:46:00 GMT

NEW YORK - Shanda Games Ltd., a Chinese video game company, raised $1 billion Friday in the largest initial public offering of the year.
The shares dropped sharply on their first day of trading.
The IPO price was at the top of the company's expected price range of $10.50 to $12.50 per American depositary share.

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Shanda Reports Second Quarter 2009 Unaudited Results

Thu, 03 Sep 2009 22:46:00 GMT

SHANGHAI, Sept. 3 /PRNewswire-Asia/ -- Shanda Interactive Entertainment Limited , or Shanda, a leading interactive entertainment media company in China, today announced its unaudited consolidated financial results for the second quarter ended June 30, 2009.
Second Quarter 2009 Highlights(1) -- Consolidated net revenues increased 47.7% year-over-year and 11.8% quarter-over-quarter to RMB1,237.2 million (US$181.1 million), compared to the Company's previous guidance of quarter-over-quarter growth between 8% and 10%.
Earnings per diluted ADS were RMB6.14 (US$0.90), compared with RMB3.80 in the second quarter of 2008 and RMB5.28 in the first quarter of 2009.

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Hurray! Reports Second Quarter 2009 Unaudited Financial Results

Wed, 12 Aug 2009 20:49:00 GMT

BEIJING, Aug. 12 /PRNewswire-Asia/ -- Hurray!
Holding Co., Ltd. , a leader in artist development, music production and wireless music distribution and other wireless value-added services in China, today announced its unaudited financial results for the second quarter ended June 30, 2009.
Total revenues for the second quarter ended June 30, 2009 were $9.8 million, representing a decrease of 16.3% from $11.8 million for the preceding quarter, and a decline of 22.9% from $12.8 million for the same quarter last year.

[More...]

Shanda Reports First Quarter 2009 Unaudited Results

Tue, 02 Jun 2009 21:49:00 GMT

SHANGHAI, June 2 /PRNewswire-Asia/ -- Shanda Interactive Entertainment Limited (NasdaqGS: SNDA), or Shanda, a leading interactive entertainment media company in China, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2009.
First Quarter 2009 Highlights(1) -- Consolidated net revenues increased 42.0% year-over-year and 9.1% quarter-over-quarter to a record high of RMB1,107.1 million (US$162.0 million), compared to the Company's previous guidance of quarter-over-quarter growth between 3% and 5%.
ARPU for casual games(2) decreased 11.9% quarter-over-quarter to RMB19.1.

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Shanda Announces Plan for Confidential Submission of Draft Registration Statement for IPO of Shanda Games Limited

Mon, 25 May 2009 07:49:00 GMT

SHANGHAI, May 25 /PRNewswire-Asia/ -- Shanda Interactive Entertainment Limited ("Shanda" or the "Company"), a leading interactive entertainment media company in China, announced today that it plans to submit a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a possible initial public offering (the "Proposed IPO") of Shanda Games Limited ("Shanda Games"), a Cayman Islands company which is currently wholly owned by the Company and operates the Company's online games business.
Shanda expects to remain Shanda Games' majority shareholder after the completion of the Proposed IPO.
The number of shares proposed to be offered and sold and the dollar amount proposed to be raised in the Proposed IPO have not yet been determined.

[More...]

Halter USX China Index Up 10.59% for Third Quarter 2009

Wed, 30 Sep 2009 21:46:00 GMT

For the third quarter of 2009, the Halter USX China Index (NYSE Arca: HXC) was up 10.59%.
During the same period, the Dow Jones Industrial Average increased 14.98% and the NASDAQ increased 15.66%.
HXC is also pleased to announce the inclusion of 20 new constituents to its existing index of China-focused, U.S. listed companies including: China Auto Logistics, Inc. (NASDAQ: CALI) an importer, seller, and trader of automobiles; China Integrated Energy, Inc (NASDAQ: CBEH) which engages in the development, exploration, production, and distribution of bio-diesel; China GrenTech Corporation Limited (NASDAQ: GRRF) that is a manufacturer and seller of wireless coverage products and services; China Marine Food Group Limited (AMEX: CMFO) that engages in the processing, distribution, and sale of processed seafood products; China Mass Media Corp. (NYSE: CMM) which operates as an independent television advertising company; China Natural Gas, Inc. (NASDAQ: CHNG) a distributor and seller of natural gas and gasoline to commercial, industrial, and residential customers; China North East Petroleum Holdings Limited (AMEX: NEP) which engages in the exploration and production of crude oil; China Ritar Power Corp. (NASDAQ: CRTP) a designer, developer, manufacturer, and seller of lead-acid batteries; Deer Consumer Products, Inc. (NASDAQ: DEER) which designs, manufactures, and sells home and kitchen electronic appliances; Harbin Electric, Inc. (NASDAQ: HRBN) that engages in the design, development, manufacture, supply, and service of various electric motors; Mindray Medical International Limited (NYSE: MR) which develops, manufactures, and markets medical devices worldwide; NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV) a designer, manufacturer, marketer, and seller of audio and video consumer products; RINO International Corporation (NASDAQ: RINO) that is engaged in the business of environmental protection and remediation; SinoHub Inc. (AMEX: SIHI) which engages in electronic component sales and electronic component supply chain management (SCM) services; Tongxin International Limited (NASDAQ: TXIC) that designs, develops, manufactures, sells, and services engineered vehicle body structures (EVBS) for light, medium, and heavy duty trucks, and light vehicles; Universal Travel Group (AMEX: UTA) a domestic and international airline ticketing service provider, and cargo transportation agency; Changyou.com Limited (NASDAQ: CYOU) which develops and operates online games; Skystar Bio Pharmaceutical Company (NASDAQ: SKBI) that engages in the development, manufacture, and distribution of medicines, vaccines, and other health care and medical care products for poultry, livestock, and domestic pets; Telestone Technologies Corporation (NASDAQ: TSTC) which provides wireless communications coverage solutions; Tianyin Pharmaceutical Company, Inc. (AMEX: TPI) a developer, manufacturer, marketer, and seller of traditional Chinese medicines and other pharmaceuticals; Wuhan General Group, Inc. (NASDAQ: WUHN) which engages in the design, development, manufacture, and sale of industrial blowers for steam-driven electrical power generation plants; and China Agritech, Inc. (NASDAQ: CAGC) which manufactures and sells organic liquid compound fertilizers and related agricultural products.

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Shanda Reports Second Quarter 2009 Unaudited Results ; Second Quarter 2009 Net Revenues Increased 11.8% QoQ to US$181.1 Million Operating Income Increased 12.7% QoQ to US$75.2 Million Diluted Earnings Per ADS US$0.90; First Half 2009 Net Revenues Increased 44.9% YoY to US$343.1 Million, Operating Income Increased 49.6% YoY to US$141.8 Million, Diluted Earnings Per ADS US$1.68

Thu, 03 Sep 2009 14:47:00 GMT

quarter-over-quarter to RMB1,237.2 million (US$181.1 million), compared
"We are pleased to report another solid quarter of growth during the second quarter of 2009," said Tianqiao Chen, Chairman and Chief Executive Officer of Shanda.
"Shanda remains very committed to the interactive entertainment media industry, and we hope to enrich the life of every member of our large user community by providing high quality service and diversified interactive entertainment content offerings."

[More...]

Shanda to Report Second Quarter 2009 Financial Results on September 3, 2009 (Eastern Time)

Wed, 26 Aug 2009 12:55:00 GMT

Shanda Interactive Entertainment Limited , "Shanda" or the "Company", a leading interactive entertainment media company in China, will announce its unaudited financial results for the second quarter ended June 30, 2009 on Thursday, September 3, 2009 after the close of the U.S. market, which is Friday, September 4, 2009 Beijing/Hong Kong time.[More...]

BenchmarkJournal.Com Free Analyst Review for MXIM, SNDA, WTNY, CTXS, TLAB and NWSA

Fri, 21 Aug 2009 12:05:00 GMT

Benchmark Journal brings independent company and sector research together, utilizing top financial advisors and investment tactics to provide you with a clear picture of investment opportunities.
Today we began research on Maxim Integrated Products Inc. (NASDAQ: MXIM), Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA), Whitney Holding Corp. (NASDAQ: WTNY), Citrix Systems Inc. (NASDAQ: CTXS), Tellabs Inc. (NASDAQ: TLAB) and News Corp. (NASDAQ: NWSA).
To view our research, sign up now and get started with your complimentary subscription.

[More...]

Shanda Ranked Number 7 of Fortune's 100 Fastest-Growing Companies

Wed, 19 Aug 2009 13:45:00 GMT

Shanda Interactive Entertainment Limited , "Shanda" or the "Company", announced that the Company was ranked seventh in the list of 100 fastest-growing companies and second in the list of fastest-growing entertainment companies by Fortune Magazine. The list was opened to businesses around the world for the first time according to Fortune Magazine.[More...]

Shanda Sweeps Number 1 Spots of All Three Awards at Industry Ceremony

Fri, 31 Jul 2009 10:55:00 GMT

Shanda Interactive Entertainment Limited , Shanda or the "Company", announced that it was ranked highest for all three awards issued at the Ten-Year China Online Game Industry Award Ceremony. The awards celebrate and recognize companies and individuals that have made outstanding contributions in China's online game industry in the past ten years. The three awards Shanda received were as follows:[More...]

Shanda Games and SNK Playmore Announce Co-Development of KOF World

Thu, 30 Jul 2009 12:56:00 GMT

Shanda Interactive Entertainment Limited , a leading interactive entertainment media company in China, announced today that its wholly-owned subsidiary Shanda Games Limited has entered into an agreement with SNK Playmore Corporation , a Japanese game developer, to co-develop The King of Fighters' World , which is an online version of SNK Playmore's flagship game The King of Fighters . Under the agreement, Shanda Games will be granted the right to operate KOF World in mainland China and a number of other countries.[More...]

Shanda Interactive Entertainment Limited Announces Final Results and Completion of the Tender Offer for Hurray! Holding Co., Ltd.

Wed, 22 Jul 2009 14:12:00 GMT

Shanda Interactive Entertainment Limited , a leading interactive entertainment media company in China, and Shanda Music Group Limited , 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 , of Hurray! Holding Co., Ltd. , including Shares represented by American Depositary Shares at a purchase price of $0.04 per Share in cash, without interest and subject to any applicable withholding taxes.[More...]

Shanda Interactive Entertainment Limited Announces Expiration and Preliminary Results of the Tender Offer for Hurray! Holding Co., Ltd.

Wed, 15 Jul 2009 12:57:00 GMT

Shanda Interactive Entertainment Limited , a leading interactive entertainment media company in China, and Shanda Music Group Limited , a wholly owned subsidiary of Shanda, today announced the expiration and preliminary results of the tender offer for 1,155,045,300 ordinary shares, par value $0.00005 per share , of Hurray! Holding Co., Ltd. , including Shares represented by American Depositary Shares , at a purchase price of $0.04 per Share in cash, without interest and subject to any applicable withholding taxes.[More...]

Halter USX China Index Up 40.88% for Second Quarter 2009

Tue, 30 Jun 2009 22:10:00 GMT

For the second quarter of 2009, the Halter USX China Index (NYSE Arca: HXC) was up 40.88%.
During the same period, the Dow Jones Industrial Average increased 11.01% and the NASDAQ increased 20.05%.
HXC is also pleased to announce the inclusion of 19 new constituents to its existing index of China-focused, U.S. listed companies including: Qiao Xing Universal Telephone (NASDAQ: XING) which designs, manufactures, and sells telecommunication terminals and equipment; Xinhua Sports & Entertainment Limited (NASDAQ: XSEL) which engages in the production of television programs, the placement of advertising, the provision of advertising services, market research, and the publication of magazines with a focus on sports and entertainment; China INSOnline Corp.(NASDAQ: CHIO) which operates as an Internet service and media company; China Housing and Land Development, Inc. (NASDAQ: CHLN) which engages in the acquisition, development, management, and sale of commercial and residential real estate properties; China Infrastructure Investment (NASDAQ: CIIC) which engages in the investment, construction, operation, and management of the Pinglin Expressway toll road; China TransInfo Technology Corp (NASDAQ: CTFO) which provides public transportation information systems technology and solutions; Origin Agritech Limited (NASDAQ: SEED) which engages in the research, development, production, sale, and distribution of hybrid crop seeds; Hurray!

[More...]