DayStar Technologies Inc.(NASDAQ: DSTI) stock soared 72.47% to $2.09 after the company announced a new member to their Board of Directors. Former United States Secretary of Energy, former Governor of New Mexico and Nobel Prize nominee, Bill Richardson, has joined the Board of Directors of DayStar Technologies.
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City Telecom (H.K.) Limited (ADR)(NASDAQ: CTEL) shares climbed 9.46% to $6.13 in the early hour. The company announced annual results for the 12 months ended 31 August 2012 (FY2012). FY2012 is a special year for the Group. Profit from discontinued operations (net of tax) were HK$3,771.7 million due to the very substantial disposal of the Group's International Telecommunications Services and Fixed Telecommunications Network Services Businesses (the "Telecom Business") during the year.
The company recommended a final dividend of HK15 cents per ordinary share in cash (FY2011:HK15 cents per ordinary share) bringing total dividend to HK30 cents per ordinary share for FY2012 (FY2011:HK30 cents per ordinary share)
Swisher Hygiene (NASDAQ: SWSH) shares gained 15% to $1.61. Investors who've stuck with Swisher Hygiene received a positive when the company said it doesn't expect restatements for the first three quarters of 2011 will be more than the previously announced $4.6 million. The company has to file its 2011 restatements by Feb. 19, NASDAQ told the company. It must file a 2011 annual reports and its quarterly reports for 2012 by Feb. 28.
Harvard Bioscience (NASDAQ: HBIO) stock jumped 13.45% to $4.30. A subsidiary of Harvard Bioscience Inc. filed plans to raise up to $20 million in an initial public offering of its stock. The business, called Harvard Apparatus Regenerative Technology Inc., is developing “bioreactor” devices that doctors can use to grow organs outside the body for transplant patients.
Acura Pharmaceuticals (NASDAQ: ACUR) shares dropped 11.86% to $3.08. The company said that it has unveiled the next generation Nexafed, 30mg, with an effective unique nasal-congestion relief technology that disrupts the conversion of pseudoephedrine into the dangerous drug, methamphetamine, in the US. The company added Nexafed [pseudoephedrine hydrochloride (HCl)] is a 30 mg immediate-release next generation pseudoephedrine product.
Advanced Micro Devices (NYSE: AMD) shares increased 3.43% to $2.41 in the morning hour. The company’s Chief Executive in a bid to trim costs said that they are not interested in Low-Volume Customers. Because to switch in certain low-volume deals, requires to invest into implementation of its products. The importance of design matters a lot, because not all design wins and are created equal. AMD’s CEO said about design that “more is not better”. More equals to more complexity, when it come to its back-end costs or testing any platforms, that will drive more cost for company.
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