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InvestSource, Inc.: NeoReader for Apple's iPhone Now Available for
Download from Apples Application Store
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:04082008
Stocks in the News: NeoMedia Technologies (OTC BB: NEOM), CME Group
(NASDAQGS: CME), Unum Group (NYSE: UNM), Morgans Hotel Group Co.
(NASDAQ: MHGC), Boyd Gaming Corporation (NYSE: BYD) and Tidewater Inc.
(NYSE: TDW)
31 July, 2008 -- NeoMedia Technologies (OTC BB: NEOM), the global
leader in camera-initiated transactions for mobile devices, announced
today that their mobile barcode scanning application -- NeoReader -- is
now available for the iPhone and free to download from Apple's App
Store. The NeoReader transforms the iPhone into a barcode scanner which
provides instant access to mobile content by clicking on 2D barcodes.
Available immediately for free download, iPhone users simply install
the NeoReader barcode scanning application onto their iPhone via
Apple's App Store, either over a cell network or using Wi-Fi. The
application is also accessible via iTunes. The NeoReader application
turns the iPhone into a mobile conduit to interactive content and
information. The simple "one click" access makes the mobile internet
much more accessible for iPhone users -- by scanning 2D barcodes via
the iPhone's camera, users avoid typing in long URLs and navigating
cumbersome menus. The 2D barcodes serve as "hyperlinks" from printed
mediums to mobile web content and are activated when and where users
choose. The use cases for mobile barcodes are virtually endless, from
advertising or editorial content (e.g. movie trailer, product coupon or
video content to accompany a print article) to public service
information (e.g. bus schedules or prescription drug information) and
personal information (e.g. interactive business card). iPhone users can
even promote themselves with mobile barcodes. By creating personal
codes users can link their website to a business card, a t-shirt, a
social networking profile or any other creative place a barcode can be
printed. "We are very exited the NeoReader for iPhone has been approved
by Apple -- the superior web experience of iPhone translates to an
enhanced experience with the NeoReader as well. iPhone users are
exactly the type of consumers that can propel mobile barcode usage into
the mainstream," stated Iain McCready, CEO of NeoMedia Technologies.
"We know the mobile handset is sacred ground for iPhone users and we
respect that. The NeoReader empowers consumers to 'take control' of the
content that reaches their iPhone -- they choose when and where they
want to engage with a mobile barcode. NeoMedia makes sure the
experience is secure, fast and reliable. I believe the NeoReader can be
the breakthrough needed to deliver the promise of an easy and
accessible mobile internet experience." The NeoReader is a universal
barcode scanning application that reads all standard 2D barcode
symbologies -- QR, Data Matrix, Aztec -- so iPhone users won't need
multiple barcode readers. Many companies are beginning to utilize 2D
barcodes in their marketing and communications efforts. By installing
the NeoReader, iPhone users will enjoy the value and convenience of a
rich and relevant interactive experience wherever they encounter a
mobile barcode.
August 1, 2008 -- CME Group (NASDAQGS: CME) the world's largest and
most diverse derivatives exchange, announced that July 2008 volume
averaged 11.2 million contracts per day, with total volume for the
month exceeding 245 million contracts. Compared with July 2007, volume
was down 1 percent. A record 85 percent of contracts was traded
electronically. Total monthly electronic volume increased 7 percent
over July 2007, averaging 9.5 million contracts per day. Year-to-date
2008 volume through July averaged 12.2 million contracts per day, up 16
percent from the same period last year. CME Group E-mini equity index
volume averaged 3.5 million contracts per day, up 34 percent compared
with July 2007. CME Group commodities and alternative investments
volume averaged 878,000 contracts per day, up 15 percent. CME Group
foreign exchange (FX) contracts volume averaged 640,000 contracts per
day, up 2 percent from July 2007, and represented average daily
notional value traded of $90 billion, up 16 percent. CME Group interest
rate volume averaged 6.0 million contracts per day, down 16 percent
compared with the same period in 2007. Monthly NYMEX volume on the CME
Globex electronic trading platform averaged 1.0 million contracts per
day, up 39 percent. All references to volume and rate per contract
information in the text of this document assume combined legacy CME and
legacy CBOT volumes and exclude our non-traditional TRAKRS products,
for which CME Group receives significantly lower clearing fees than
other CME Group products, and Swapstream products.
August 1, 2008 -- Unum Group (NYSE: UNM) announced that it has entered
into an accelerated repurchase agreement with Deutsche Bank, AG London
Branch (Deutsche Bank) to repurchase approximately $350 million of its
outstanding common stock. This announcement follows the accelerated
repurchase of $350 million of the company's stock executed in the first
quarter of 2008 and completes the previously announced authorization by
Unum's board of directors to repurchase up to $700 million of the
company's stock. "Despite the volatility in the financial markets and
the uncertain economic environment, we have maintained solid operating
results and significant financial flexibility, which in turn has
enabled us to continue to execute our capital management strategy,"
said Thomas R. Watjen, president and chief executive officer.
August 1, 2008 -- Morgans Hotel Group Co. (NASDAQ: MHGC) issued the
following statement regarding the announcement by Boyd Gaming
Corporation (NYSE: BYD) that it will delay the entire Echelon project
due to the difficult environment surrounding today's capital markets
and current economic conditions. In January 2006, MHG entered into a
50/50 joint venture with Boyd to develop a Mondrian and Delano within
Boyd's Echelon development on the Las Vegas strip. As MHG previously
announced on July 1, 2008, the deadline to obtain construction
financing for the Echelon project was extended to September 15, 2008.
Given Boyd's announcement and the difficulties in the credit markets,
MHG believes that the joint venture will be unable to secure financing
at favorable rates and conditions by September 15, 2008. MHG does not
intend to further extend the joint venture agreement on its current
terms but expects to evaluate future proposals relating to the project
with Boyd.
August 1, 2008 -- Tidewater Inc. (NYSE: TDW) recently announced the
promotion of Bruce D. Lundstrom to Executive Vice President, General
Counsel and Secretary. The promotion is effective as of July 31, 2008,
and he will continue to be responsible for the Legal, Insurance and
Human Relations/Benefits staffs of the company, and will also continue
to act as Tidewater's Chief Compliance Officer. Mr. Lundstrom joined
Tidewater in September 2007 as Senior Vice President, General Counsel
and Secretary following a ten year career within the energy industry,
with experience both domestically and internationally. In his most
recent position at Prisma Energy International Inc. as Senior Vice
President and General Counsel, he oversaw the legal efforts in
financing and operating international power generation assets,
pipelines and energy distribution companies in fourteen countries. He
also served as a member of the company's Management Committee as well
as the company's Chief Compliance Officer. Tidewater Inc. owns 453
vessels, the world's largest fleet of vessels serving the global
offshore energy industry.
Wall Street retreated again Friday after readings on jobs and
manufacturing -- the first reports for the third quarter -- indicated
that businesses and workers still face a tough economy. The major
indexes ended a turbulent week narrowly mixed. A massive quarterly loss
at General Motors Corp. and rising oil prices also gave investors
reason to trade cautiously, but the market was considerably calmer than
the first four sessions of the week, when the Dow Jones industrials
rose or fell by triple digits each day. Friday's reports were not as
poor as many analysts had anticipated. Nonetheless, they portrayed an
economy that was still sagging as it entered the second half of the
year. The Labor Department said jobs fell for the seventh straight
month in July and the unemployment rate rose to 5.7 percent. The report
arrived after data Thursday showing an unexpected jump in jobless
claims to a five-year high. "It reinforces the idea that we're seeing a
steady, but not dramatic, decline in employment, which is likely to
last for some time," said Michael Sheldon, chief market strategist at
RDM Financial Group in Westport, Conn. Meanwhile, the Institute for
Supply Management said manufacturing activity was flat in July. Given
Thursday's disappointing report on gross domestic product growth, Wall
Street is becoming more certain that the United States is in a
recession -- and one that could be prolonged. U.S. recessions since
World War I have lasted about 10 months, on average, but have ranged
from as little as six months to as long as 16 months, Sheldon said. The
flagging economy has sapped consumers' ability to spend freely, which
in turn is hurting profits at many big companies. GM said it lost $15.5
billion in the second quarter, more than analysts predicted and the
automaker's third-worst loss in its history. There was also more bad
news about construction; the Commerce Department reported that building
activity declined in June. And the price of oil rose $1.02 to $125.10,
retreating from an earlier gain of more than $4, but still signaling
that its steep decline of recent weeks has at least temporarily been
halted. According to preliminary calculations, the Dow fell 51.70, or
0.45 percent, to 11,326.32. The Dow ended the week down 0.39 percent.
Broader stock indicators also lost ground Friday. The Standard & Poor's
500 index fell 7.07, or 0.56 percent, to 1,260.31, and the Nasdaq
composite index fell 14.59, or 0.63 percent, to 2,310.96. Advancing
issues, however, narrowly outnumbered decliners Friday on the New York
Stock Exchange, where volume came to a light 1.22 billion shares. The
S&P finished the week up 0.02 percent, and the Nasdaq finished up 0.21
percent. Bond prices edged higher in Friday's trading. The yield on the
benchmark 10-year Treasury note, which moves opposite its price, fell
to 3.94 percent from 3.95 percent late Thursday. The dollar was mixed
against other major currencies, while gold prices fell. The market's
performance the past few sessions shows how jumpy investors are. The
Dow zigzagged up and down by hundreds of points as the market
alternately agonized over the financial sector and signs of economic
weakness, and then soared as investors decided things weren't really
all that bad after all.
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