Rochester, NY 6/11/2009 10:01:08 PM
Morning Movers - presented by WhisperFromWallStreet.com - Euroseas Ltd.,ESEA - QUALCOMM Inc.,QCOM - Target Corp,TGT
Euroseas Ltd. - QUALCOMM Inc. - Target Corp
Morning Movers - presented by WhisperFromWallStreet.com - Euroseas Ltd.,ESEA - QUALCOMM Inc.,QCOM - Target Corp,TGT
Euroseas Ltd.,ESEA
Euroseas Ltd., owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it signed a memorandum of agreement to purchase a Panamax drybulk carrier of 74,020 dwt, built in 2000 in Japan, for approximately $27.5 million. The vessel comes with a time charter back to the seller until January 2010 at a gross daily rate of $25,200 per day and is expected to be delivered to the Company between July 1, 2009 and August 5, 2009.
ABOUT
Euroseas, Ltd., together with and subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, and coal and grains, as well as minor bulks, such as bauxite, phosphate, and fertilizers. It also owns and operates containerships and multipurpose vessels that transport dry and refrigerated containerized cargoes, such as manufactured products and perishables. In addition, the company's containerships transport container boxes providing scheduled service between ports; and multipurpose vessels carry bulk cargoes or containers. As of May 1, 2009, its fleet consisted of 5 drybulk carriers comprising 3 Panamax, 1 Handymax, and 1 Handysize drybulk carriers; 10 containerships; and 1 multipurpose vessel. Euroseas' drybulk carriers had a total cargo carrying capacity of 296,479 deadweight tons (dwt); and containerships had a total cargo carrying capacity of 273,687 dwt and 17,877 twenty-foot equivalent units (teu). Euroseas' multipurpose vessel could carry 22,568 dwt and/or 950 teu. The company was founded in 2005 and is based in Maroussi, Greece.
Last Trade: 5.55
Day's Range: 5.49 - 5.69
52wk Range: 2.88 - 13.97
Volume: 50,164
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QUALCOMM Inc.,QCOM
QCOM raised Q3 revenue guidance to $2.67-2.77 bln vs $2.54 bln First Call consensus, prior guidance $2.40-2.60 bln; raises operating income 1.06-1.11 bln, prior guidance $800-900 mln. CDMA-based Mobile Station Modem shipments are estimated to be 94-95 mln units compared to prior guidance range of 87-92 mln units. March quarter CDMA-based device shipments are estimated to be 109-111 mln CDMA units, compared to prior guidance of range of 107-112 mln units; the CDMA unit average selling price is now estimated to be approximately $191, compared to co's prior estimate of approximately $196. Co said, "Our increased guidance reflects stronger than expected demand for more data-capable chipsets and increased licensing revenues driven in part by advanced 3G network upgrades. While some chipset demand for developing markets has shifted to the fourth fiscal quarter and demand remains generally strong, due to the current economic environment we remain cautious and currently project a modest sequential decrease in chipset shipments."
ABOUT
QUALCOMM Incorporated designs, manufactures, and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The company operates in four segments: Qualcomm code division multiple access technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless and Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT segment develops and supplies CDMA-based integrated circuits and system software for wireless voice and data communications and multimedia functions, as well as global positioning system products used in wireless devices, including mobile phones, data cards, and infrastructure equipment.
Last Trade: 45.87
Day's Range: 44.93 - 46.2
52wk Range: 28.16 - 56.88
Volume: 28.16 - 56.88
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Target Corp,TGT
Target increases regular quarterly dividend 40.37 : Co announces it has declared a quarterly dividend of 17 cents per common share, a 6% increase from the prior quarterly rate of 16 cents per common share.
ABOUT
Target Corporation operates general merchandise and food discount stores in the United States. The company offers an assortment of general merchandise, including consumables and commodities; electronics, entertainment, sporting goods, and toys; apparel and accessories; and home furnishings and decor, as well as a line of food items primarily under the Target and Super Target brands.
Last Trade: 40.34
Day's Range: 39.89 - 40.87
52wk Range: 25.00 - 59.55
Volume: 1,473,621
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