DALLAS, Texas 9/9/2008 10:19:32 PM
News / Business

Beacon Equity Issues Trade Alerts on Market Movers: TXPO, RAMR, ARUN, WB, SPSN, CYLOE

Today's Trade Alerts include: TXP Corp. (OTCBB: TXPO), RAM Holdings Ltd. (Nasdaq: RAMR), Aruba Networks Inc. (Nasdaq: ARUN), Wachovia Corp. (NYSE: WB), Spansion Inc. (Nasdaq: SPSN) and Cyclon Capital Corp. (OTCBB: CYLOE).

 

TXP Corp. (TXPO) shares maintained a steady 29-cent trade in Tuesday trading. TXP is a provider of pre-manufacturing services for the electronics industry. The company recently announced it has signed a Memorandum of Understanding with China-based Cambridge Industry Group (CIG) to merge the two companies...

The merger brings together two leading independent suppliers of Passive Optical Network (PON) Optical Network Terminal (ONT) solutions to form the world's largest ODM and services business focused on FTTH CPE

TXP has three business units: TXP Texas Prototypes, TXP Retrofit Solutions and TXP optical network terminals (ONT) Solutions. TXP Texas Prototype provides pre-manufacturing services for the electronics industry that help OEMs bring products to market. TXP Retrofit Solutions provides custom engineering kits to enable Incumbent Local Exchange Carriers (ILEC’s) to upgrade their local access service delivery infrastructure...”

RAM Holdings Ltd. (RAMR) shares jumped 7.27% to $2.95 Tuesday morning. RAMR is a provider of financial guaranty reinsurance for public finance and structured finance obligations that are insured by the seven monoline financial guaranty primary insurers, which the company refers to as the primaries

 

The Bermuda-based company recently reported second quarter 2008 net income of $126.3 million, or net income of $4.63 per diluted share. This compares to net income of $9.1 million, or 33 cents per diluted share, for the second quarter 2007

 

RAM attributes the increase to the unrealized mark-to-market gains on credit derivatives of $151.5 million, or $5.56 per basic and diluted share.  Also, the net unrealized gain was offset by an increase in loss and loss adjustment expenses of $45.8 million, relating primarily to continuing deterioration in the performance of residential mortgage-backed securities ("RMBS")…”

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