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Gateway Inc. (NYSE: GTW), down .65% on 6 million shares, today refreshed its award-winning convertible notebook with several new technologies, providing digital artists with a secure and powerful electronic palette ideally suited for creating a wide range of art forms.
Rite Aid Corporation (NYSE: RAD) up 1% on 5 million shares, today announced financial results for its first quarter ended June 2, 2007. Results for the first quarter do not include the acquisition of the Brooks Eckerd stores and distribution centers acquired June 4, 2007 from the Jean Coutu Group (PJC) Inc. since the acquisition closed following the end of the quarter. The remaining quarters for fiscal 2008 will include the results of the acquisition.
Impac Mortgage Holdings, Inc. (NYSE: IMH), down 21% on 5 million shares, being taxed as a real estate investment trust ("REIT"), announced yesterday that as a result of the Company's previously disclosed strategy to accelerate the liquidation of its real estate owned ("REO") portfolio through the new auction process implemented this quarter, the Company is experiencing higher than expected loss levels. The Company believes accelerating the disposition of REO's through this auction process will ultimately reduce losses and preserve capital over the long run. As a result, the Board of Directors has elected not to declare a second quarter 2007 dividend on its common shares. To maintain REIT status, the Company is required to distribute 90% of its taxable income for the calendar year.
Novell Inc. (Nasdaq: NOVL) today announced a new solution to help organizations enforce security policies at the most vulnerable location on the network, the endpoint. Novell(R) ZENworks(R) Endpoint Security Management complements the existing Novell ZENworks product line by extending policy-based management to device security. The new solution enforces security policies to control device ports, wireless connections and applications, as well as to guarantee data encryption. With ZENworks Endpoint Security Management, customers can mitigate security threats and ensure compliance with regulations and enterprise policies.
Ivanhoe Energy Inc. (Nasdaq: IVAN), up 11% on 3 million shares, announced yesterday it has successfully completed its key Athabasca bitumen test run at Ivanhoe Energy's Commercial Demonstration Facility (CDF) in California using its proprietary heavy oil upgrading technology (HTL(TM)). This test was an important step for Ivanhoe Energy's business development activities, as well as for the design of full-scale HTL facilities. This run represents the culmination of the CDF testing program carried out over the last two years.
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