3Com Corporation (Nasdaq: COMS) Closed at $2.25. Announced Thursday after market close financial results for its fiscal 2009 second quarter, which ended November 28, 2008. Revenue in the quarter was $354.6 million, compared to revenue of $317.8 million in the corresponding period in fiscal 2008, an 11.6 percent increase.
Net income in the quarter was $12.9 million, or $0.03 per diluted share, compared with a net loss of $35.6 million, or $0.09 per share, in the second quarter of fiscal year 2008. On a non-GAAP basis, net income was $46.9 million, or $0.12 per diluted share, compared with net income of $13.0 million, or $0.03 per diluted share, for the second quarter of fiscal year 2008.
3COM is a current Focus Stock at SmallCapReview.com.
What They Do: 3Com Corporation is a $1.3B global converged network infrastructure supplier that helps customers achieve business success by delivering solutions that provide exceptional value. Through its TippingPoint division, 3Com is a leading provider of network-based intrusion prevention systems that deliver in-depth application protection, infrastructure protection, and performance protection.
How They Trade: COMS has a 52 week high of $4.60 and a 52 week low of $1.63.
Teekay Offshore Partners (NYSE: TOO) Closed at $11.55. Today announced that its estimated distributable cash flow(1) for the three months ended September 30, 2008 is expected to be greater than the previous quarter and will exceed the total cash distributions paid to the Partnership's LP unitholders and GP interests for the quarter. The Partnership also announced that it expects to publish its complete third quarter results in January 2009, upon finalization of the regular quarterly review by the Partnership's independent auditor, Ernst & Young LLP. The delay is due to a later than normal start to the Partnership's third quarter earnings review process as a result of committing resources to finalize the previously announced restatement of historical results.
What They Do: Teekay Offshore Partners L.P., is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore Partners owns a 51 percent interest in and controls Teekay Offshore Operating L.P., a Marshall Islands limited partnership with a fleet of 34 shuttle tankers (including nine chartered-in vessels), four FSO units, nine double-hull conventional oil tankers and two lightering vessels.
How They Trade: TOO has a 52 week high of $26.77 and a 52 week low of $6.22.
Accuray Incorporated (Nasdaq: ARAY) Closed at $5.07. Today announced financial results for the first quarter of fiscal 2009, ended September 27, 2008. For the first quarter of fiscal 2009, Accuray reported total revenue of $55.9 million, a 15 percent increase over first quarter of fiscal 2008 total revenue of $48.6 million and a 10 percent sequential increase over the fourth quarter of fiscal 2008 total revenue of $50.9 million.
Net loss for the first quarter of fiscal 2009 was $3.2 million, or $0.06 per diluted share, compared to net income of $2.3 million, or $0.04 per diluted share, during the same period last year. The loss for the quarter was driven primarily by non-recurring employee separation expenses of $2.1 million and inventory write downs of $1.3 million.
What They Do: Accuray Incorporated is a global leader in the field of radiosurgery dedicated to providing an improved quality of life and a non-surgical treatment option for those diagnosed with cancer. Accuray develops and markets the CyberKnife Robotic Radiosurgery System, which extends the benefits of radiosurgery to include extracranial tumors, including those in the spine, lung, prostate, liver and pancreas.
How They Trade: ARAY has a 52 week high of $18.20 and a 52 week low of $3.70.
China Digital TV Holding Co (NYSE: STV) Closed at $6.98. Today announced that its board of directors has declared a special cash dividend of US$1.00 per share on the Company's ordinary shares, par value US$0.0005 per share. The special cash dividend is payable on or around February 28, 2009 to shareholders of record as of the close of business on January 8, 2009, U.S. Eastern Standard Time.
What They Do: China Digital TV is the leading provider of conditional access ("CA") systems to China's rapidly growing digital television market. CA systems enable television network operators to manage the delivery of customized content and services to their subscribers.
How They Trade: STV has a 52 week high of $29.95 and a 52 week low of $4.25.
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