CEOCast AND Michael Wachs
MICHAEL WACHS CEOCAST NEWS
Although largely unknown on Wall Street, the stock has performed well. Since going public in March, the stock is up nearly 70%, although the company’s market capitalization of approximately $300 million is more appropriate for a company with one or perhaps two late-stage clinical programs. AVGO has three. With a move to a national exchange probable, and publicity likely to increase surrounding late-stage clinical activities in large-market CNS indications, Wall Street may soon begin to recognize the potential for the company’s drug pipeline in the same way that the scientific community has for years.MICHAEL WACHS CEOCAST DIRECTORY
The highlight of the economic calendar will unquestionably be the Fed announcement on interest rates Tuesday afternoon. The market has been fixated on the outcome of this meeting as well as any insight to future Fed policy. Other economic events for the week include the release of June Consumer Credit on Monday afternoon. Preliminary Q2 Productivity will be reported on Tuesday morning before the bell. Shortly after the open on Wednesday June Wholesale Inventories will be announced with Weekly Crude Inventories following soon afterwards. Thursday morning Weekly Jobless Claims and the June Trade Balance will be reported with the July Treasury Budget being announced later that day. Friday morning will bring July Import/Export Prices along with July Retail sales with June Business Inventories being reported after the opening bell.MICHAEL WACHS
CEOCAST AND MICHAEL WACHS BUSINESS: The conference schedule continues to be light, beginning Monday with the four day IBC’s 13th Annual Drug Discovery & Development of Innovative Therapeutics World Congress in Boston and Oppenheimer's first annual Small and Mid Cap Clinical and Regulatory Conference in NYC. The two day BMO Capital Markets Focus on Healthcare Conference in NYC and the three day RBC Capital Markets 2008 Technology, Media & Communications Conference in San Francisco, both begin on Tuesday. Healthcare services company Hythiam, Inc. (NASDAQ: HYTM) will present at the former event on Tuesday at 3:30 p.m. eastern time, while Internet marketing company interCLICK, Inc. (OTCBB: ICLK) will present at the RBC Conference on Thursday at 4:30 p.m. pacific time. Thursday will also feature the two day Bank of America Securities Specialty Pharmaceuticals Conference taking place in Long Island, New York.
MICHAEL WACHS CEOCAST INC
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CEOCAST AND MICHAEL WACHS INTERVIEW
Oxford Media, Inc. (OTCBB: OXMI), a leading developer of scalable, turnkey hybrid digital VOD and PPV entertainment systems, announced last week that OxfordSVI, Inc., its wholly owned subsidiary signed agreements with Super 8 Motel, Days Inn, Motel 6, and Days Inn, covering properties in Texas through one of its Platinum Dealers, GoldStar Systems for digital Video-on-Demand and Pay-Per- View entertainment to its total of 195 rooms. Installation is scheduled to be completed in September 2006. As part of the Agreement, OxfordSVI was granted "rooftop rights" to install a WiMAX antenna or similar transmitting/receiving device on the rooftop of the Super 8 Motel. Last week, the company also completed the previously announced acquisition of SVI Hotel Corporation a leading provider of Video-On-Demand (VOD) movie systems, Free-to-Guest satellite systems, and high-speed Internet and information solutions to the hospitality industry. The new combined company is called OxfordSVI, Inc., which is now the third largest provider of VOD services to the hospitality industry in the United States, and the largest provider of VOD services to the under-served small and mid-sized hotels and motels having less than 300 rooms. For the first six months of 2006, SVI’s revenue was approximately $6.3 million, EBITDA was $0.9 million and positive cash flow was $0.5 million. The combined company has a customer base of over 2400 hotels, of which 1,970 hotels (160,000 rooms) provide VOD services. The remaining properties receive high speed internet access and support as well as ancillary services from the Company. The stock ended the week down 10 cents at 55 cents.
CEOCAST AND MICHAEL WACHS BUSINESS
CEOCAST AND MICHAEL WACHS: Volume Alert: Shares of SinoHub (OTCBB: SIHI) a company providing world-class supply chain management services with transparent information access for participants in the electronic components supply chain in China, jumped ten percent on almost three times average volume, perhaps due to increased interest in the company's fundamentals. The company posted impressive Q1 results for the period ended March 31, 2009, with revenue and net income up 56% and 83%, respectively, over the three months ended March 31, 2008. Total revenues for the 2009 first quarter rose to $18.1 million from $11.6 million in the first quarter of 2008. Net income for the 2009 first quarter advanced to $2.0 million, or $0.08 per fully diluted share, from $1.1 million, or $0.06 per fully diluted share, in the year earlier period.Shares ended the week at $2.74, up twenty four cents.
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