Acorn Energy (Nasdaq: ACFN) Closed at $3.17. Today announced that its Board of Directors has authorized a share repurchase program of up to 1,000,000 shares of its common stock. The share repurchase program will be implemented at management's discretion from time to time. At September 30, 2008, excluding balances at its wholly owned and controlled subsidiaries, Acorn had cash and marketable securities of over $18.6 million, consisting of cash of $16.3 million (including $2.5 million of restricted cash), and marketable securities, consisting of approximately 500,000 shares of Comverge Inc., with a market value of $2.3 million.
What They Do: Acorn Energy is a publicly traded holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Acorn Energy's operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy, and business development. Acorn Energy is a global company with equity interests in Comverge, CoaLogix, DSIT, Gridsense, Coreworx and Paketeria.
How They Trade: ACFN has a 52 week high of $6.59 and a 52 week low of $3.15.
TASER (Nasdaq: TASR) Closed at $6.61. Today announced that it received an order for the Korean National Police Agency to add 1000 TASER(r) X26(tm) Electronic Control Devices (ECDs) and TASER-related accessories to its existing TASER program. "The Korean National Police Agency has become one of the leading law enforcement agencies in Asia in terms of TASER devices deployed,'' commented Scott Mustian, Vice President of International Sales of TASER International.
What They Do: TASER International's products protect life. TASER provides advanced Electronic Control Devices (ECDs) for use in the law enforcement, medical, military, corrections, professional security, and personal protection markets.
How They Trade: TASR has a 52 week high of $19.10 and a 52 week low of $4.85.
STEC, Inc. (Nasdaq: STEC) Closed at $6.55. Today announced that based on the Company's preliminary review of its anticipated financial performance for the third quarter of 2008, which showed strong performance in the Enterprise-Storage and Ultra-Mobile Personal Computing markets, it now expects to report third quarter 2008 revenue and diluted non-GAAP earnings per share to be at the high end of its previous guidance range of $61 million to $63 million and $0.10 to $0.11, respectively, initially announced on August 4, 2008. The Company believes it is important to provide this updated guidance in light of recent uncertainty in the general economy.
What They Do: STEC, Inc. designs, develops, manufactures and markets custom memory solutions based on Flash memory and DRAM technologies.
How They Trade: STEC has a 52 week high of $14.25 and a 52 week low of $5.67.
ARIAD Pharmaceuticals (Nasdaq: ARIA) Closed at $1.94. Today announced that the U.S. District Court for the District of Delaware granted ARIAD’s motion to permit an immediate appeal of the Court’s summary judgment ruling of non-infringement by Amgen’s drug, Enbrel (etanercept), of seven claims of U.S. Patent No. 6,410,516 (the ‘516 patent). The Court also cancelled the trial scheduled for November 2008 and administratively closed the case at this time.
What They Do: ARIAD is engaged in the discovery and development of breakthrough medicines to treat cancer by regulating cell signaling with small molecules. ARIAD is developing a comprehensive approach to patients with cancer that addresses the greatest medical need - aggressive and advanced-stage cancers for which current treatments are inadequate.
How They Trade: ARIA has a 52 week high of $5.29 and a 52 week low of $1.93.
SmallCapReview.com has been a leading site for news on small-cap stocks since 1999. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select small-cap stocks, to register and automatically be entered to win a Free Blackberry Pearl visit SmallCapReview.com. SCR has been compensated five thousand dollars by Acorn Energy for its services. SCR may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. SCR currently owns seventeen hundred shares of ACFN bought in the open market.