SmallCapReview.com has been a leading site for information on small cap stocks, penny stocks and microcaps since 1999, to receive the free SmallCapReview newsletter and be entered to win a Free iPod Touch visit http://www.smallcapreview.com.
Car Charging Group OTCBB: CCGI). Announced Thursday after market close that it has entered into a pilot agreement with Icon Parking Systems, the premier provider of parking services in Manhattan, to provide electric vehicle (EV) charging stations at select trial locations helping to smooth the transition to EV by creating a useful charging network for Icon's customers.
"This partnership lays the groundwork in Manhattan to support the national roll-out of electric automobiles on the way to dealer showrooms in late 2010 from manufacturers such as Tesla Motors, the Renault and Nissan alliance, General Motors, Ford and others," said Car Charging Group CEO Michael D. Farkas.
What They Do: Car Charging Group, Inc. is an owner and provider of electric vehicle (EV) charging stations with the mission to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging units and works with various landowner partners to identify appropriate locations for its charging stations. The Company seeks to provide convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.
Verigy Ltd. (Nasdaq: VRGY) $8.77. Announced Thursday after market close financial results for its third quarter ended July 31, 2010. Revenue for the third quarter was $154 million, an increase of $34 million, or 28 percent from the prior quarter and an increase of $67 million, or 77 percent from the comparable prior year period.
Net income for the third quarter was $13 million, or $0.21 per share, compared to a net loss of $1 million, or ($0.02) per share last quarter, and a net loss of $21 million, or ($0.36) per share, in the prior year period.
Results for the third quarter included approximately $1.6 million of charges related to the company’s restructuring actions and manufacturing transition. After excluding these items, Verigy reported non-GAAP net income of $14 million, or $0.23 per share, including $5.2 million of share-based compensation expense.
What They Do: Verigy provides advanced semiconductor test systems and solutions used by leading companies worldwide in design validation, characterization, and high-volume manufacturing test.
About SmallCapReview
Copyright SmallCapReview. SmallCapReview.com is a leading site for news on small-caps, penny stocks and microcaps. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select stocks in play, to register visit http://www.smallcapreview.com. To follow us on Twitter visit http://twitter.com/SmallCapReview. SmallCapReview has been compensated three thousand five hundred dollars for its efforts with regards to Car Charging Group by a third party APS.
