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AM Oil Resources & Technology Inc. (OTCBB: AMOR) Closed at $0.80. Today announced that the Company has adopted a strategy of pursuing air time and space on print and media outlets to increase awareness of its patented products and technologies for maximizing crude oil recovery. The Company is pursuing worldwide application for the use of its Portable Steam Generators in enhanced oil recovery efforts. The fully patented technology has been found to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells".
What They Do: AM Oil Resources & Technology makes portable steam generators that are designed to maximize oil production in oil fields, both domestically and internationally. This technology is able to recover crude oil that would otherwise remain in the ground forever.
The Company believes that its unique approach of applying its proprietary technologies to non-producing oil wells, with known reserves, will earn the company a profitable niche in the petroleum industry. Targeting approximately 480,000 marginal wells in the United States, the Company is ideally positioned to provide an environmentally safe and cost-effective method of maximizing oil production.
How They Trade: AMOR has a 52 week high of $1.01 and a 52 week low of $0.56.
Northrop Grumman Corporation (NYSE: NOC) Closed at $49.72. Today announced the Air Force has awarded them an indefinite-delivery, indefinite-quantity contract valued at $276 million for operations and maintenance support of the RQ-4 Global Hawk unmanned reconnaissance aircraft.
With eight Global Hawks (seven Block 10s and one Block 20) currently stationed at their main operating base at Beale Air Force Base, Calif., or deployed in-theatre, this sustainment contract calls for continued training and peacetime operations support for fiscal years 2009 and 2010. It will also provide operational assistance for two new forward operating locations at Andersen Air Force Base, Guam, and Naval Air Station Sigonella, Italy.
What They Do: Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
How They Trade: NOC has a 52 week high of $83.40 and a 52 week low of $33.96.
Boston Scientific Corporation (NYSE: BSX) Closed at $8.50. Today announced financial results for the fourth quarter and full year ended December 31, 2008, as well as guidance for net sales and earnings per share (EPS) for the first quarter of 2009.
Net sales for the fourth quarter of 2008 were $2.002 billion, which included sales from divested businesses of $7 million, as compared to net sales of $2.152 billion for the fourth quarter of 2007, which included sales from divested businesses of $145 million.
Reported net loss for the fourth quarter of 2007 was $458 million, or $0.31 per share. Reported results included intangible asset impairments, acquisition-, divestiture-, litigation- and restructuring-related charges and amortization expense (after-tax) of $813 million, or $0.55 per share. Adjusted net income for the fourth quarter of 2007 excluding these charges was $355 million, or $0.24 per share.
What They Do: Boston Scientific Corporation operates as a developer, manufacturer, and marketer of medical devices used in various interventional medical specialties worldwide.
How They Trade: BSX has a 52 week high of $14.22 and a 52 week low of $5.41.
Innovative Solutions & Support (Nasdaq: ISSC) Closed at $2.62. Today announced its financial results for the first quarter of fiscal 2009 ending December 31, 2008.
Net revenues for the first quarter of fiscal 2009 were $10.6 million, up 123% from $4.7 million in the first quarter of the previous fiscal year. The Company reported first quarter fiscal 2009 net income of $1.8 million, or $0.11 per fully diluted share, compared to a fiscal first quarter 2008 net loss of ($4.1 million), or ($0.24) per fully diluted share.
Net income and earnings per share for the quarter reflect the reinstatement of the US research and development tax credit during October, 2008, and the reversal of valuation allowances established in fiscal year 2008 based upon projected, current year taxable income. As a result, the effective tax rate for the fiscal first quarter of 2009 was 4%.
What They Do: Innovative Solutions & Support is a systems integrator engaged in the design, manufacture and marketing of Flat Panel Display Systems, Air Data equipment, Flight Information Computers, Engine and Fuel Measurement and Control Computers, and advanced monitoring systems that measure and display critical flight information.
How They Trade: ISSC has a 52 week high of $12.61 and a 52 week low of $2.52.
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