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Art Technology Group (Nasdaq: ARTG) $4.48. Today announced financial results for the fourth quarter and full year ended December 31, 2009. Revenue for the fourth quarter of 2009 grew to $49.7 million, a 9% increase over fourth quarter 2008 revenue of $45.4 million. Revenue for the full year 2009 grew to $179.4 million, a 9% increase over full year 2008 revenue of $164.6 million.
Net income in accordance with GAAP for the fourth quarter of 2009 increased to $5.2 million, or $0.04 per diluted share compared with net income of $3.5 million, or $0.03 per diluted share, in the fourth quarter of 2008. GAAP net income for the full year 2009 increased to $16.8 million, or $0.13 per diluted share compared with GAAP net income of $3.8 million, or $0.03 per diluted share in 2008.
What They Do: Art Technology Group has spent the last decade focused on helping the world's premier brands maximize the success of their online businesses. ATG Commerce is the commerce platform and business user application solution top-rated by industry analysts for powering highly personalized, efficient and effective e-commerce sites.
UTStarcom (Nasdaq: UTSI) $2.16. Today announced that it has entered into agreements for a strategic relationship with Beijing E-town International Investment and Development Co., Ltd , an investment company established by the Beijing Municipality which includes an investment of $48.5 million by BEIID and two unrelated investment funds, Ram Max Group Limited and Shah Capital Management. The three investment parties are advised by Yellowstone Capital. As part of the investment, UTStarcom will issue approximately 22 million shares of common stock at a price of $2.20 per share, with BEIID investing $25 million, Ram Max Group Limited investing $12.5 million and Shah Capital investing $11 million.
What They Do: UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support.
Taxi Affiliation Services, which operates Yellow Cab Chicago, the nation’s oldest and largest continuously operating taxicab fleet, today announced it has awarded Clean Energy Fuels Corp. (Nasdaq: CLNE) $16.74, a new 10-year contract to build and operate two new CNG fueling stations and sell fuel to the company’s growing CNG taxi fleet. Yellow Cab Chicago and its affiliates plan an initial deployment of 100 new CNG taxis.
The new Clean Energy CNG stations will be located on TAS-controlled sites selected for their proximity to downtown Chicago’s business, hotel, shopping and financial districts. In addition to serving Yellow Cab taxis, the stations will be open 24/7 for public access.
Clean Energy partnered with Yellow Cab Chicago to apply for and secure $1.5 million in grant funding from the City of Chicago and the Department of Energy to help defer the costs of station construction and acquiring new CNG taxi vehicles.
What They Do: Clean Energy is the leading provider of natural gas for transportation in North America.
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