DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Market Movers: ArthroCare Corp. (Nasdaq: ARTC), Google Inc. (Nasdaq: GOOG), First Solar Inc. (Nasdaq: FSLR), Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA), Costco Wholesale Corp. (Nasdaq: COST) and Biogen Idec Inc. (Nasdaq: BIIB).
In the Trade Alert, the author highlights ArthroCare’s announcement of restatement expansion and the resignation of the company’s CFO:
“ArthroCare Corp. (ARTC) shares closed Friday at $5.92, down 63.52% from its previous close of $16.23. ArthroCare is a medical device company that develops, manufactures and markets surgical products, many of which are based on its Coblation technology. … The company recently announced an expansion of the periods covered by the restatement it had previously announced on July 21, 2008. According to the company's Audit Committee, the company's financial statements for the fiscal years ended December 31, 2000, through December 31, 2005, for each of the quarters of the fiscal years ended December 31, 2000, through December 31, 2005, and for the two quarters ended June 30, 2006, can no longer be relied upon. … Also, the company announced the resignation of three of its officers, including its CFO, as well as the receipt of two subpoenas from the U.S. Attorney for the Southern District of Florida for the production of documents relating to DiscoCare Inc.”
The Trade Alert author also featured Google’s ability for users to remove personal data from the Google server:
“Google Inc. (GOOG) shares Friday at $310.17, down .04% from its previous close of $310.28. Google maintains an index of Web sites and other online content for users, advertisers, Google network members and other content providers. … According to the nonpartisan, nonprofit Consumer Watchdog, Google should offer users of its search engine the ability to leave no personal data on the Internet giant's servers. The consumer group also asked for a meeting with Google's chairman to discuss the group's privacy concerns.”
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Beacon Equity Research
Jeff Bishop, (469)-252-3505