Thursday’s biggest gaining and declining stocks

Shawshank, VA 5/10/12 (StreetBeat) – These stocks made notable moves in U.S. trading on Thursday:

Gainers
Monster Beverage Corp. (Nasdaq: MNST) shares rose 11%. The company reported strong first-quarter sales growth as well as wider gross and operating margins.

News Corp. (Nasdaq: NWSA +5.26%) shares were up 5.3% a day after the company’s report of better-than-expected fiscal third-quarter results and its pledge to add $5 billion to its existing $5 billion stock repurchase plan. News Corp. is the parent company of Dow Jones & Co., which includes MarketWatch, the publisher of this report.

Tesla Motors Inc. (Nasdaq: TSLA +11.38%) shares climbed 14.4%. On Wednesday, the company posted a drop in first-quarter revenue and profit, but said it expects to begin delivering its all-electric Model S in June, a month ahead of schedule. The firm also upped the low end of its 2012 revenue estimate.

Decliners
Cisco Systems Inc. (Nasdaq: CSCO -8.56%) shares fell 8.5% a day after the firm issued a weaker-than-expected outlook for the current quarter, as Chief Executive John Chambers pointed to a “cautious” spending environment.

Silicon Graphics International Corp. (Nasdaq: SGI -20.79%) shares tumbled 20.5%. Late Wednesday, the company trimmed its outlook for the full year.

Universal Display Corp. (Nasdaq: PANL -8.99%) shares fell 10%. The company reported that its first-quarter loss narrowed, but the results missed Wall Street expectations.

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Apple's (Nadaq: AAPL) Stock Surges to $500; Market Value Near $500 Billion

Orlando, FL 2/13/12 (StreetBeat) – Apple (Nasdaq: AAPL), whose price hit $500 for the first time on Monday, could be the first company ever to reach a trillion dollar valuation.

The tech giant's valuation is now nearly halfway to the 10-figure mark, with speculation Apple will launch iTV later this year driving shares to new record highs. Yet, Apple still has a way to go to become the most valuable company of all time.

Apple shares are up more than 20 percent year to date.

And with its price now around $500, the company's valuation is about $460 billion-roughly $8 billion more than the market caps percent of Google (NASDAQ: GOOG) ($198 billion) and Microsoft (NASDAQ: MSFT) ($257 billion) combined.

If Apple shares continue to hit new record levels, its market cap will reach $500 billion when the price reaches $537. Still, shares will need to rise another $100 above that level to put Apple in contention for the most expensive company ever.

According to Standard and Poor's, ExxonMobil (NYSE: XOM) was the most recent company to see a valuation north of $500 billion, back in 2007 when oil prices were at record highs.

Not surprisingly, it was the Tech Bubble of the last decade that first launched companies into rarified half trillion dollar market valuations levels. Between 1999 and 2000 Intel (Nasdaq: INTC), Cisco (NASDAQ: CSCO) and General Electric (NYSE: GE) all saw their valuations peak at around $500 billion. (GE is a minority shareholder in NBCUniversal)

While Microsoft may not excite investors like it did in Y2K, the software behemoth still holds the record for the most expensive valuation. Its market cap closed out 1999 at just over $600 billion according to Standard and Poor's, before peaking north of $650 billion during the tech bubble in 2000.

The high analyst price target on the street for Apple right now is $700. At that price, its market cap will handily surpass Microsoft's Y2K record.

The Apple TV was one of the last product initiatives spearheaded by Apple co-founder Steve Jobs, before his death. If the entertainment device and platform prove as big a game changer as the company's iTunes, iPhone and iPad, Apple shares could well continue their record run.

With its current float of about 932 million shares outstanding, Apple shares would need to top $1073 to reach the Trillion Dollar mark.

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Cisco (NASDAQ: CSCO) Redefines TelePresence: Delivers In-Person Experiences to All

Tallahassee, FL 10/26/11 (PennyPayDay) --Just five years ago, Cisco (NASDAQ: CSCO) introduced Cisco TelePresence® technology, which delivered a video experience so intuitive, so lifelike and natural that it felt as if people were in the same room even when they were miles apart. But what started out as a way to save travel costs and optimize employee time at large companies has evolved into a way of accelerating time to market, expanding access to experts and transforming how companies do business. Today, Cisco is introducing new and expanded offerings -- from value-priced endpoints to an HD video software client to a hosted solution -- that are designed specifically to make the TelePresence experience available to everyone, everywhere, including small and medium-sized businesses.

Today's announcements highlight how Cisco is delivering people-centric collaboration to more individuals and businesses around the world. Cisco is also expanding the community of users that can share in-person experiences with co-workers, customers and suppliers in the following ways:
1) Extending Cisco TelePresence solutions to companies of all sizes
2) Driving TelePresence solutions from the boardroom to the desktop and beyond
3) Expanding TelePresence technology beyond just meetings

“With 52 percent global market share, Cisco TelePresence has been forging the path for new ways of working together, where everyone, everywhere can be 'present' to make better and faster decisions. The next phase of TelePresence will democratize the in-person experience for people in all sizes and types of organizations." stated OJ Winge, senior VP and GM of TelePresence Technology Group, Cisco.

About Cisco Collaboration
From award-winning IP communications to mobility, customer care, Web conferencing, messaging, enterprise social software, and interoperable TelePresence experiences, Cisco brings together network-based, integrated collaboration solutions based on open standards. These solutions offered across on-premise, cloud-based or virtualized platforms, as well as services from Cisco and our partners, are designed to help promote business growth, innovation and productivity. They are also designed to help accelerate team performance, protect investments, and simplify the process of finding the right people and information.

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LargeCap Stocks to Keep an Eye on Today

Tomahawk, WI 9/14/2011 (PennyPayDay) – The board of Internet company Yahoo! plans to meet Wednesday in Silicon Valley to discuss a wide range of issues, including the search for a new CEO, according to a report.

Shares were gaining 2.3% to $14.58 in premarket trading Wednesday.

Conglomerate General Electric said it will pay $3.3 billion plus accrued and unpaid dividends to redeem preferred stock sold to Warren Buffett's Berkshire Hathaway during the height of the financial crisis in 2008.

Shares were rising 1% to $15.56.

Cisco Chief John Chambers said he's willing to stay another three years at the networking giant.

Shares were up 0.5% to $16.43.

Medical devices maker Boston Scientific has chosen Michael Mahoney, Johnson & Johnson's worldwide chairman of the medical device and diagnostics group, as its new CEO.

PC giant Dell announced an additional $5 billion buyback authorization.

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LargeCap Stocks to Keep an Eye on Today

Tomahawk, WI 9/13/2011 (PennyPayDay) – Computer hardware company Hewlett-Packard said Tuesday it was extending the deadline for its offer for Autonomy, the U.K. software company, to Oct. 3 after it received acceptances from only 41.6% of Autonomy shareholders.

Shares were down 0.6% to $22.45 in premarket trading Tuesday.

Networking giant Cisco is holding its annual financial analyst conference on Tuesday at 11 a.m. EDT.

Shares were falling 0.4% to $16.03.

Consumer electronics retailer Best Buy is expected to post second-quarter earnings of 53 cents a share Tuesday vs. last year's earnings of 60 cents a share.

Shares were trading sideways at $24.97.

Chipmaker Intersil has lowered its revenue outlook for the third quarter, citing weak demand across all of its end markets. The company now sees revenue of $184 million to $188 million for the three months ending in September vs. a previous projection of $205 million to $213 million. The current average estimate of analysts polled by Thomson Reuters is for revenue of $209 million.

Vertically integrated solar products and services company SunPower said its board has authorized a proposal to reclassify the company's class A and B common shares as a single issue on a one-for-one basis.

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LargeCap Stocks to Keep an Eye on Today

Tomahawk, WI 8/11/2011 (PennyPayDay) – Information technology and networking giant Cisco (NASDAQ: CSCO) edged Wall Street's earnings expectations Wednesday, but posted a slight drop in profit for its fiscal fourth quarter.

Cisco reported adjusted earnings per share of 40 cents on sales of $11.2 billion, above analysts' expectations of earnings per share of 38 cents on sales of $10.98 billion.

Shares were surging 12.2% to $15.40 in premarket trading Thursday.

Food company Sara Lee (NYSE: SLE) reported fourth-quarter profit of 20 cents a share, meeting estimates.

Shares were falling 5% to $16.45.

Global media company News Corp. (NYSE: NWSA) reported better-than-expected fourth-quarter profit, earning 35 cents a share on revenue of $8.96 billion. Analysts were calling for a profit of 30 cents a share on revenue of $8.46 billion.

"While it has been a good quarter from a financial point of view, our company has faced challenges in recent weeks relating to our London tabloid, News of the World," CEO Rupert Murdoch said in a statement, referring to the phone hacking scandal that brought down the tabloid. "We are acting decisively in the matter and will do whatever is necessary to prevent something like this from ever occurring again."

Shares were rising 4.2% to $14.28.

Media company AOL (NYSE: AOL) said Thursday it plans to buy back $250 million of stock over the next 12 months.

Shares were rising 2.5% to $10.47 in premarket trading.

Anheuser-Busch InBev (NYSE: BUD) said Thursday second-quarter profit rose 26% to $1.45 billion, but volume in the U.S., its largest market, slumped.

Analysts were expecting the world's largest brewer to post profit of $1.5 billion in the second quarter.

Shares were tumbling 2.5% to $48.50.

Department store Kohl's (NYSE: KSS) reported second-quarter profit of $1.09 a share vs. the average analyst estimate of $1.08. Shares were rising 2.1% to $45.24.

Bank of America (NYSE: BAC ) has been holding talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank as it rushes to bolster its mortgage-scarred balance sheet, Reuters reported.

Bank of America shares were rising 0.5% to $6.80.

Department store Nordstrom (NYSE: JWN) is expected to report second-quarter earnings of 74 cents a share after the markets close Thursday vs. last year's earnings of 66 cents a share.

Shares were down 0.4% to $40.

Restaurant company Wendy's (NYSE: WEN) is expected to post second-quarter profit of 5 cents a share before the markets open Thursday vs. last year's earnings of 6 cents a share.

J.C. Penney (NYSE: JCP) is expected to post second-quarter earnings of 7 cents a share before the markets open Friday vs. the average analyst estimate of 6 cents a share a year ago.

There are worries that the department store could face headwinds as forecasts of a slowdown in economic activity persists.

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Cisco CEO Warns Tough Decisions Ahead

Oxford, MS 4/7/2011 (Penny PayDay) -- Cisco Inc Chief Executive John Chambers, days after admitting that the company he has led for 16 years had lost its way, warned of competitive pressures, depressed public sector spending and "tough decisions" that lay ahead.

Chambers told analysts and investors at a Wells Fargo technology conference on Thursday that Cisco is a "company that has many strengths, and a company that has some weaknesses," pointing to slow decision-making and weak execution.

As expected, the CEO -- one of the industry's longest-serving -- promised to invest heavily in video products, such as the corporate videoconferencing Telepresence service, but otherwise kept his cards close to the vest.

His comments reflected those he made to employees earlier this week. In a remarkably candid memo, he admitted the one-time technology bellwether and Wall Street darling would need to take bold steps to restore its tarnished credibility.

In his presentation on Thursday, he told investors to prepare for crucial changes in the weeks and months ahead, but provided little detail.

"Are we going to make some tough decision and bold decisions about where we don't spend? Absolutely," said Chambers, among the tech world's most respected corporate chieftains.

One area where Chambers made clear he wants to press ahead is video, a business where he said the company would "double down." Chambers also said the routing business is "in very good shape" but said the company faces intense competition and hurdles in the other pillar of its core business, switching.

"Switching is our challenge," he said. "It's going to be a tough market for us" given the intensity of competition from the likes of Juniper Networks Inc, Hewlett Packard Co

PROGNOSTICATIONS

He also noted that public sector spending remains depressed in the United States and elsewhere and has been further thrown into question by political unrest in the Middle East and by the natural catastrophe in Japan.

Considered one of Silicon Valley's top prognosticators, Chambers was among the first to warn of the impact of the financial crisis on the sector in late 2007.

Cisco's status has been somewhat diminished lately, after its last two quarterly results disappointed the market. Cisco said in November that sales growth would be lower than analysts had expected. In February, it warned of dwindling public spending and weaker margins from tough competition.

Cisco shares have dropped a third of their value over the past 52 weeks and the company has been criticized for losing touch with its customers and expanding too broadly into consumer products, such as set-top boxes.

Indeed, analysts speculate that Cisco may be forced to whittle down a largely unspectacular consumer-oriented business -- from Flip cameras to its Umi home conferencing product -- while refocusing on its core Internet routing and switching business.

Shares of Cisco fell 22 cents, or 1.2 percent, to $17.85 in afternoon trading.

(Editing by Tim Dobbyn and Gerald E. McCormick)

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Some LargeCap Stocks to Keep an Eye on Today

Food and beverage giant PepsiCo said its fourth-quarter net income fell 5% to $1.37 billion, or 85 cents a share, from $1.43 billion, or 90 cents a share, a year earlier. Net revenue grew 37% to $18.16 billion from $13.3 billion the year before. The Wall Street consensus called for earnings of $1.04 a share on revenue of $17.62 billion. For 2011, Pepsi is targeting earnings per share growth of 7% to 8%. Shares of Pepsi fell 2.5% to $62.80 in premarket trading Thursday.

Mobile phone company Sprint Nextel said its fourth-quarter loss narrowed to $929 million, or 31 cents a share, from a year-earlier loss of $980 million, or 34 cents a share, a year earlier. Fourth-quarter revenue rose 6% to $8.3 billion from $7.87 billion. Analysts, on average, were expecting a loss of 30 cents a share on revenue of $8.15 billion. Shares of Sprint were popping 3.9% to $4.52. Sprint said during the fourth quarter it added nearly 1.1 million total wireless subscribers.

Networking giant Cisco disappointed Wall Street with its outlook for the second straight quarter. Shares of Cisco were tumbling 9.9% to $19.85 in premarket trading Thursday.

Mobile phone company Nokia is in talks to use software giant Microsoft's operating system on mobile phones, The Wall Street Journal reports, citing a person familiar with the situation. Nokia was down 3.4% to $11.33, while Microsoft edged 0.5% lower to $27.83 in premarket trading.

Credit Suisse, the Swiss bank, said Thursday it will now aim for return on equity of more than 15%, down from a previous target of above 18%. The return in 2010 was 14.4%. Shares of the company fell 5.8% to $43.93 in premarket trading.

Rio Tinto, the mining giant, said it plans to buy back $5 billion of its stock after earnings in 2010 soared to $14.3 billion. Rio Tinto fell 2.2% to $73.55.

Activision Blizzard beat fourth-quarter earnings estimates, but it issued weaker-than-expected guidance for 2011. Shares of the company tumbled 6.8% to $10.89.

French-U.S. telecommunications equipment maker Alcatel-Lucent reported that fourth-quarter net profit soared from the year before due to growing demand for broadband networks worldwide. Shares of the company surged 16.3% to $4.14.

The Deutsche Boerse and NYSE Euronext stock exchanges confirmed Wednesday they are in merger discussions. NYSE Euronext shares were down 0.1% to $38.06 in premarket trading Thursday after soaring 17.3% on Wednesday.

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Some LargeCap Stocks to Keep an Eye on Today

Dow component and beverage giant Coca-Cola said fourth-quarter earnings soared to $5.77 billion, or $2.46 a share, from $1.54 billion, or 66 cents a share, a year earlier. On an adjusted basis, earnings per share were 72 cents. Fourth quarter net revenue rose 40% to $10.49 billion from $7.51 billion a year earlier. Analysts, on average, were expecting earnings of 72 cents a share on revenue of $9.75 billion. Shares of Coca-Cola rose 1.2% to $63.65 during premarket trading Wednesday.

Insurer American International Group said Wednesday it expects to record a fourth-quarter charge of $4.1 billion to boost loss reserves in its Chartis property and casualty insurance units. Shares of the insurer rose 0.3% to $42.50.

Cisco Systems is due to report earnings after the market closes Wednesday. Last quarter, Cisco disappointed but it didn't prompt a wider selloff among tech stocks. Wall Street is calling for the tech bellwether to report a fiscal second-quarter profit of 35 cents a share on revenue of $10.23 billion. Shares of Cisco fell 0.2% to $21.95 in premarket trading Wednesday.

Sanofi-Aventis, the French drugmaker, said fourth-quarter earnings fell 64% to €437 million ($596.5 million) as it recorded €880 million in restructuring charges in the quarter. Shares of the company were down 1.5% to $34.44.

Entertainment giant Walt Disney reported Tuesday that first-quarter earnings rose more than 50% from the same period last year, driven by a 10% gain in revenue. Shares of the company popped 4.7% to $43.10 in premarket trading.

3M announced Tuesday a dividend increase and a fresh $7 billion buyback. The stock rose 0.6% to $90.

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Where is Buffett Looking

Investment Underground ran a screen to filter picks Warren Buffett would like: sustainable business advantages producing significant free cash flows, and healthy returns on equity in excess of 10%.

They also screened for market caps larger than $10 billion in order to “move the needle,” meaning, Warren could acquire enough shares to make the investment worthwhile given Berkshire's (BRK.A) size. Investment Underground provided 12 names that are consistent with Berkshire's investment philosophy. One is a current holding (BDX) and one is a former holding (WU).

Of the 12 picks, 8 are healthcare related. Considering Buffett's ever-increasing stake in Johnson and Johnson (JNJ), any of the names in this screen are fair game for an entry by the conglomerate.

Abbott Laboratories (ABT): This pharmaceutical powerhouse yields 3.61% and has a history of raising its dividend. The company's portfolio of patent protected drugs, along its excellent nutritional and diagnostic groups and its history of strategic acquisitions have dug ABT a wide economic moat, a criterion Buffett often looks for in his investments.

Becton, Dickinson & Company (BDX): Another healthcare giant, Becton has carved out significant market share in the medical tool market. As of 9/30/2010, Buffett owns .81% of shares outstanding. And like Abbott, Becton has a long history of raising its dividend, which is among the highest in the industry (1.9%). But unlike ABT, Becton doesn't have a sea of patent protected drugs to shield it from competition and many of its products have been commoditized, creating a narrow moat for the company.

Cisco Systems (CSCO): Buffett has brought tech executives to Berkshire's board, including Susan Decker. As well, Bill Gates, Walter Scott, Jr. and lawyer Ronald Olsen are not strangers to old and new technologies. Cisco is the dominant player in data networking produces tons of cash-flow and will continue to as this growth story keeps growing.

Covidien (COV): This producer of all things healthcare is raising its quarterly dividend 11% to $.20 a share. This is the second consecutive year COV has upped its yield.

Exelon (EXC): With the largest nuclear fleet of any U.S. utility, Exelon's 11 nuclear plants generate 17% of U.S. nuclear power and constitute 80% of Exelon's generation output. This is a low risk, wide moat operation with room to run. The company has traded upwards of $85 a piece. At the time of writing, EXC trades at $40 a share and yields 5.3%.

France Telecom (FTE): FT spits off about 8 billion Euros a year in free cash flow and should continue to for the next 5 years, allowing the company to pay off its debt load of around 34 billion errors net of cash and continue to increase its dividend which yields 5.7%. FTE as well has a solid history of increasing its dividend, though it did cut it in half during 2009 due to slowed wireless and broadband growth.

Medtronic (MDT): This Company dominates the medical equipment space, holding market leading positions in heart devices, insulin pumps, and spinal products. Medtronic trades on a TTM price to earnings ratio of 10.9. Compare that to an industry P/E of 16.5, throw in a 2.5% yield, a wide economic moat, and a recent increase in Goldman's price target to $36 a share, and you have a stock that fits Berkshire's investment philosophy.

Novartis (NVS): The Swiss-based pharmaceutical maker has a healthy balance sheet and a free cash flow yield of ~ 8%. The company's healthy intellectual property portfolio has created a wide moat for itself, which will likely remain as long as Novartis can continue to fuel its late stage pipeline and keep making targeted acquisitions.

Roche Holdings (RHHBY.PK): The other big boy of the Swiss pharma giants, Roche yields 3.2% and has a solid drug portfolio and pipeline, due to the company's acquisition of Genentech in 2009.

St. Jude Medical (STJ): One of Medtronic's biggest rivals, St. Jude's maintains an economic moat thanks to its diversified product offering and its key position in the $550 million dollar vascular closure market. What's more, 45% of STJ's sales come from abroad. The company could easily trade in the $45-$50 per share range as healthcare spending recovers along with the broader economy.

Western Union (WU): Buffett has owned WU in the past. And for good reason. The company is the largest money transfer company in the world. The size of the company has proved to be an advantage as many smaller rivals have been driven out of business because of regulatory requirements they couldn't keep pace with.

Zimmer Holdings (ZMH): Shares of ZMH appear cheap considering the company's market share and demographic trends on the horizon. The company leads the hip and knee implant industry, an industry which should see solid growth as the baby boomers keep getting older.

Some LargeCap Stocks to Keep an Eye on Today

Among the companies whose shares are expected to see active trade in Wednesday's session are Cisco Systems Inc., Macy's Inc. and Polo Ralph Lauren Corp.

Cisco (NYSE: CSCO) is expected to report fiscal first-quarter earnings of 40 cents a share, according to analysts surveyed by FactSet Research.

Macy's (NYSE: M) is forecast to post earnings of 3 cents a share in the third quarter.

Polo Ralph Lauren (NYSE:RL) is estimated to report a profit of $1.67 a share in the fiscal second quarter.

Computer Sciences Corp. (NYSE: CSC) is expected to report earnings of $1.18 a share in the fiscal second quarter.

After Tuesday's closing bell, International Game Technology (NYSE: IGT) reported it swung to a fiscal fourth quarter profit but not enough to satisfy Wall Street estimates.

Watch List

Allstate Corp. (NYSE: ALL) announced a $1 billion share buyback program.

General Growth Properties Inc. said it emerged from bankruptcy and will launch an initial public offering.

Invesco Ltd. (NYSE: IVZ) said that it was launching a secondary offering of shares owned by a Morgan Stanley (NYSE: MS) affiliate.

Lions Gate Entertainment Corp. (NYSE: LGF) swung to a second-quarter loss of 22 cents a share on debt charges.

MBIA Inc. (NYSE: MBI) said it narrowed its third-quarter loss as it paid off claims on mortgage-backed securities.

Prudential Financial Inc. (NYSE: PRU) said it restored its annual dividend to 2007 levels.

Tesla Motors Inc. (NASDAQ: TSLA) said its third-quarter loss widened, but narrowed on a per-share basis since the electric car maker went public, as sales slipped.

iGo (NASDAQ:IGOI) in Bed with Texas Instruments and Cisco

Shares of iGo (NASDAQ:IGOI) hit a new 52-week high today running up the charts on strong third quarter results released yesterday along with an announcement today about its upcoming financial conference. In early trading, IGOI jumped 35 percent (or 79 cents) to $2.80 per share on very heavy volume of more than 1.4 million shares compared to its average daily volume of only 119,000 shares. IGOI has a market cap of $84 million and a 52-week range between $1.03 and $2.80 per share.

IGOI reported net income of $51,000, or $0.00 per share, in the third quarter of 2010, compared with net income of $318,000, or $0.01 per share, in the same quarter of the prior year.

Revenue was $12.2 million in the third quarter of 2010, compared to $9.7 million in the second quarter of 2010 and $12.0 million in the same period of the prior year.

The Company’s financial position remained strong at $31.7 million in cash, cash equivalents, and short-term investments, $7.3 million in working capital and no debt as of September 30, 2010.

IGOI announced an agreement with Texas Instruments (NYSE:TXN) to collaboratively develop a custom integrated circuit that enables and expands market availability of efficient iGo Green Technology. Also, IGOI announced the development of a new family of accessories for Cisco's (NASDAQ:CSCO) Flip Video camera.

Shares of iGo (NASDAQ:IGOI) hit a new 52-week high today running up the charts on strong third quarter results released yesterday along with an announcement today about its upcoming financial conference. In early trading, IGOI jumped 35 percent (or 79 cents) to $2.80 per share on very heavy volume of more than 1.4 million shares compared to its average daily volume of only 119,000 shares. IGOI has a market cap of $84 million and a 52-week range between $1.03 and $2.80 per share.

IGOI reported net income of $51,000, or $0.00 per share, in the third quarter of 2010, compared with net income of $318,000, or $0.01 per share, in the same quarter of the prior year.

Revenue was $12.2 million in the third quarter of 2010, compared to $9.7 million in the second quarter of 2010 and $12.0 million in the same period of the prior year.

The Company’s financial position remained strong at $31.7 million in cash, cash equivalents, and short-term investments, $7.3 million in working capital and no debt as of September 30, 2010.

Michael D. Heil, President and Chief Executive Officer of IGOI, commented, “Our revenues continued to trend positively in the third quarter, driven by seasonally strong sales to RadioShack, increasing sales at new retail accounts, and higher international sales. We have also made excellent progress on the strategic plan we outlined last quarter to expand our presence in the mobile electronic device accessories market. With the acquisition of Adapt Mobile and AERIAL7, along with the development of a new family of accessories specifically designed for the popular Flip Video camera by Cisco, we have significantly expanded our product portfolio and improved our ability to drive sustainable growth in revenue and earnings.”

IGOI will present at Tech America's 40th Annual AeA Classic Financial Conference at the Manchester Grand Hyatt in San Diego, California on Tuesday, November 9, 2010.

IGOI offers a full line of innovative accessories for mobile electronic devices, including a variety of proprietary power, protection and audio solutions. IGOI’s unique products allow consumers to enjoy all of the features offered by today’s mobile electronic devices by keeping those devices powered and protected at all times. In addition, IGOI’s audio and visual products offer consumers enhanced options for hearing and viewing all of the powerful multimedia functions offered by the latest mobile electronic devices to hit the market.

IGOI also offers an award-winning line of eco-friendly power solutions based on its patented iGo Green Technology which automatically eliminates wasteful and expensive standby or “vampire” power. Expanding on the company’s history of innovation, IGOI continues to regularly introduce fresh new solutions to the ever changing mobile electronics device market, making the use of such devices easier and more efficient for consumers.

For more information visit: http://www.igo.com/