News / Finance
WhisperfromWallStreet.com "Morning Gainers - " - Aerosonic Corp,AIM - Gentium SpA,GENT - Applied Signal Technology, Inc.,APSG
Aerosonic Corp - Gentium S.p.A. - Applied Signal Technology
Aerosonic Corp,AIM
Kevin J. Purcell was named executive vice president and chief financial officer at Aerosonic Corp. in Clearwater.
Effective May 26, Purcell will receive an annual base salary of $180,000, SEC filings said. He also has been granted stock options to purchase a total of 25,000 shares of Aerosonic common stock and will receive four weeks of paid vacation each year.
In addition, Purcell is eligible to earn a performance bonus of up to $63,000, 35 percent of his annual base salary, in cash, stock or other equity compensation based on targets determined by the board.
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Gentium SpA,GENT
Gentium S.p.A., a biopharmaceutical company, engages in the research, development, and manufacture of drugs to treat and prevent various vascular diseases and conditions related to cancer and cancer treatments. It develops and manufactures defibrotide, DNA based drug derived from pig intestines, to treat and prevent hepatic veno-occlusive disease (VOD), a condition in which some of the veins in the liver are blocked as a result of cancer treatments, such as chemotherapy prior to stem cell transplantation. The company conducts a phase III clinical trial of defibrotide to treat severe VOD in the United States, Canada, and Israel. It also conducts a phase II/III clinical trial of defibrotide in Europe to prevent VOD in children. In addition, the company offers Sulglicotide that is developed from swine duodenum and has ulcer healing and gastrointestinal protective properties; and Urokinase to treat various vascular disorders, such as deep vein thrombosis and pulmonary embolisms. The company was formerly known as Pharma Research S.r.L. and changed its name to Gentium S.p.A. in July 2001. Gentium S.p.A was founded in 1993 and is based in Villa Guardia, Italy.
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Applied Signal Technology, Inc.,APSG
Applied Signal Technology Inc, which provides intelligence, surveillance and reconnaissance services, posted better-than-expected quarterly results, helped by higher royalty revenue and lower stock-based compensation expense.
For the second quarter ended May 1, net income was $4.1 million, or 31 cents a share, compared with $2.0 million, or 16 cents a share, a year ago.
Revenue rose 18 percent to $53.5 million.
Analysts were looking for earnings of 20 cents a share, before special items, on revenue of $49.1 million, according to Reuters Estimates.
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