New York 9/13/2011 12:22:42 AM
News / Finance

Mid Day Market News for September 12, 2011: Onteco Corporation, Tenet Healthcare Corporation, Cavium Networks Inc., M & F Worldwide Corp., RADCOM Ltd.

OFinancialinc.com announces the following stocks to its Mid Day Market News:  Onteco Corporation (ONTC), Tenet Healthcare Corporation (THC), Cavium Networks Inc. (CAVM), M & F Worldwide Corp. (MFW), RADCOM Ltd. (RDCM)

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Onteco Corporation (ONTC), (the "Company" or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. (NexPhase), a designer, developer and manufacturer of high efficiency, high quality LED intelligent lighting fixture, today released it's RC62055C11 and RC82055C11 six and eight inch LED can fixtures for the energy savings retrofit marketplace. Jon Cooper, CEO of NexPhase, stated, "We are extremely excited about the RC6 and RC8 product lines. These fixtures provide a fantastic lighting solution for the retrofit can marketplace.

To view the full press release for Onteco Corporation (ONTC) CLICK HERE or visit OFinancialinc.com

 

Other stocks highlighted include:

Tenet Healthcare Corporation (THC) in advance of scheduled investor meetings and the Company’s participation at an industry conference today refined its 2011 Outlook for Adjusted EBITDA. With eight months of the year completed, the Company now expects to achieve 2011 Adjusted EBITDA toward the lower end of its previously communicated Outlook range of $1.175 billion to $1.275 billion.

Cavium Networks Inc. (CAVM) gapped open higher Monday morning and has continued to rise in early trade. The stock is now up 3.52 at $34.43. Cavium Networks has climbed to nearly a month and a half high this morning and has also re-crossed its 50-day moving average.

M & F Worldwide Corp. (MFW) ("MFW" or the "Company") and MacAndrews & Forbes Holdings Inc. ("MacAndrews & Forbes") today announced that they have entered into a definitive merger agreement under which MFW will be merged with a subsidiary of MacAndrews & Forbes and all outstanding shares of MFW common stock not owned by MacAndrews & Forbes will be converted into the right to receive $25 in cash per share. MacAndrews & Forbes currently owns approximately 43% of the outstanding shares of MFW common stock. The cash consideration represents a greater than 47% premium to the Company's closing share price on June 10, 2011, the last trading day prior to MacAndrews & Forbes' announcement of its proposal to acquire the shares of MFW common stock that it did not already own and a greater than 22% premium to the Company's closing share price on September 9, 2011, the last trading day prior to today's announcement of the execution of a definitive merger agreement.

RADCOM Ltd. (RDCM) a leading network service assurance provider, today announced that it has received additional orders totaling approximately $US 6.5 million from one of Latin America's major multinational mobile telecommunications groups. These orders were placed by several of the group's regional operators. RADCOM's rising business from this group reflects the customer's decision to standardize on RADCOM's advanced Omni-Q as a comprehensive solution for controlling many aspects of service quality.

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All material herein was prepared by Obsidian Financial Communications, Inc. (OFC) based upon information believed to be reliable. The information contained herein is not guaranteed by OFC to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OFC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://OFinancialinc.com or mentioned herein. Onteco Corporation (ONTC) - Obsidian Financial Consultants Inc. (OFC) has not been compensated for ONTC . In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. OFC's affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the companies mentioned herein and may profit in the event those shares rise in value. OFC will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. To see OFC's full disclaimer / compensation, please visit our web site:  http://ofinancialinc.com/disclaimer

 

Joe Farrar, CEO, Obsidian Financial Communications, Inc.

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