VeriFone (NYSE: PAY) Wins $35 Million-Plus Contract for District of Columbia Taxi Systems

Shawshank, VA 7/11/12 (StreetBeat) -- VeriFone Systems, Inc. (NYSE:PAY), announced that it has been awarded a five-year contract by the District of Columbia Taxicab Commission (DCTC) valued from $35 million to as much as $45 million factoring in potential advertising revenue. VeriFone won a competitive bidding process to become the exclusive vendor for installation and support of the DCTC’s Taxicab Smart Meter System project.

VeriFone will develop, install and support payment systems integrated with driver and passenger information tablet displays for all of the District’s 6,500 taxis and providing electronic trip reporting, credit card payment processing, display of news and other programming, as well as safety alert activation features for both passengers and drivers. The contract also includes a Back Office Management Information System that will provide the DCTC with automated trip reporting and GPS location services.

“This presents a rare opportunity to significantly enhance the driving experience of District citizens and visitors while improving operations for drivers,” said Mayor Vincent C. Gray. “The Taxicab Smart Meter System provides the riding public with new payment options and the opportunity to view digital content during trips. In addition, it improves manageability and accountability of the entire taxi fleet.”

The 10-inch tablet passenger information modules (PIMs) will stream content from VeriFone Digital Network (VNET), including news, weather, local and national content provided by NBC4 and NBC Universal. The PIM includes videos, interactive banners, clickable “tabs” and crawlers, interactive maps and micro sites for advertisers and partners.

“The District’s state of the art system represents the expertise VeriFone has developed in providing integrated secure payment and digital content solutions, which we call PAYMEDIA, for taxis and other market segments,” said Amos Tamam, VeriFone senior vice president, Taxi Systems. “We’re extremely proud to add Washington, D.C., to the growing list of major cities utilizing our solutions and services.”

The addition of 6,500 cabs in Washington, D.C., will increase VeriFone’s taxi media footprint by 23% to over 35,000 in the USA alone, delivering over 10 billion advertising impressions annually. VNET’s TaxiTV now spans more than 11 major media markets across the Atlantic. Earlier this year it added Sky News to its London taxi content and last year reached an agreement with NBC owned television stations to deliver NBC Universal’s award-winning content to markets throughout the US, including New York City, Boston, Chicago, Las Vegas, Philadelphia and San Francisco. VeriFone taxi solutions are established in more than 50 cities worldwide.

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Tuesday’s biggest gaining and declining stocks

Palm Beach, FL 6/12/12 (StreetBeat) – The following stocks are some of the most active in U.S. trading on Tuesday:

Gainers

Central European Media (Nasdaq:CETV) shares rose 7.1%. The company reported a successful tender offer on Wednesday morning.

Michael Kors Holdings Inc. (NYSE:KORS) shares rose 5.3% on Tuesday. The fashion firm said Tuesday its fourth-quarter profit increased to $43.6 million, or 22 cents a share, from $13.6 million, or 10 cents a share, in the year-ago period.

Decliners

FactSet Research (NYSE:FDS) fell more than 9% after the provider of financial data reported third-quarter revenue that fell short of most analysts’ estimates.

TeleNav Inc. (Nasdaq:TNAV) shares fell as much ast 6%, to $5.40 on Tuesday after Robert W. Baird analyst William Power cut his rating on the navigation-software maker to underperform from neutral, and sliced his target price on the stock to $4 a share from $8.

Verifone (NYSE:PAY) shares gave up nearly 7% after the company said a jury had ruled against the company in a patent infringement case.

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Friday’s top gaining and declining stocks

Orlando, FL 5/25/12 (StreetBeat) – Here are some of the biggest gaining and declining stocks this Friday:

Gainers

Shares of Frontline Ltd. (NYSE: FRO +10.64%) rose 8.3%. The firm posted better than expected results early Friday and gave an optimistic outlook for the future.

Infoblox Inc. (NYSE: BLOX +2.26%) shares rose 7.8% on Friday.The firm recently reported fiscal third-quarter results and said it expects a gross margin of 76% in its fourth quarter.

Decliners

Rosetta Genomics Ltd. (Nasdaq: ROSG -6.16%) fell 12%. The company said early Friday that it is selling 570,755 shares of stock to investors at a 29% discount. The firm said it’s raising the cash to help fund operations.

Verifone Systems Inc. (NYSE: PAY -11.53%) shares shed 8.3% on Friday. Late Thursday the company said that its fiscal second-quarter profit fell 43% and said that it expected earnings in the future a bit below Wall Street analyst expectations.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Verifone (NYSE: PAY) shares fall after Deutsche Bank downgrade

Northern, WI 4/30/12 (StreetBeat) -- Verifone Systems Inc's (NYSE: PAY) shares fell 10.5 percent after Deutsche Bank questioned the company's organic growth projections and downgraded its stock.

Deutsche Bank said Verifone overstated its revenue growth for the first quarter as most of the revenue increase came from selling its own legacy products to customers from the acquired Hypercombusiness.

"Verifone's organic growth is inflated by recognizing Verifone sales to legacy Hypercom customers as organic growth (possibly doing so for other acquisitions too), but often is essentially cannibalizing Hypercom product sales," Deutsche Bank analyst Bryan Keane wrote in a note.

The credit card swipe machine maker completed its acquisition of U.S.-rival Hypercom late last-year after agreeing to divest part of the legacy Hypercom business to address anti-trust concerns.

The brokerage downgraded Verifone to "sell" from "hold" and reduced its price target on the company's stock to $40 from $44.

Verifone shares fell to a low of $48.75 in early trade on Monday morning on the New York Stock Exchange. They were later down almost 10 percent at $49.72 on the.

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LargeCap Stocks to Keep an Eye on Today

Tomahawk, WI 9/6/2011 (PennyPayDay) – Shares of Telefonica were tumbling 4.3% to $19.09 in premarket trading Tuesday as the Spanish phone company folded its domestic operations into its European unit and reorganized regional heads of operations.

KLA-Tencor shares were falling 3.2% to $33.70 after the provider of machinery used in the semiconductor industry was cut to underperform from sector perform at RBC.

Electronic payment company Verifone Systems is expected after markets close Tuesday to report third-quarter earnings of 46 cents a share vs. 36 cents a share a year ago.

Shares were down 1.9% to $34.13.

Drugstore chain Walgreen said same-store sales increased 5.6% in August.

Shares were down 1.7% to $34.18.

Chipmaker Altera is expected Tuesday to report third-quarter profit of 63 cents a share vs. 69 cents a share the same time last year.

Shares were falling 1.5% to $34.22.

PepsiCo, the maker of Gatorade and Frito-Lay snacks, is set to announce a 10-year extension of its sponsorship deal with the National Football League that could be valued at $2.3 billion, The Wall Street Journal reported.

Shares were down 1.3% to $62.50.

Starbucks plans to triple the number of its coffee shops in China during the next four years, according to the company's Asia Pacific president.

Shares were falling 1.3% to $37.

Sunoco said Tuesday it plans to exit its refining business and will record a pretax charge of between $1.9 billion and $2.2 billion in the third quarter.

Shares were rising 1.1% to $36.50.

AES announced that the power company's CEO Paul Hanrahan plans to leave the company on Nov. 30 and step down from his position effective Sept. 30.

He will hand over his management and board responsibilities to AES' chief operating officer, Andrés Gluski.

Fairchild Semiconductor cut its third-quarter sales guidance to $400 million to $410 million from previous guidance of $433 million to $446 million.

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