Entropic Communications (Nasdaq: ENTR) raises 2nd-qtr outlook

Northern, WI 6/27/12 (StreetBeat) -- Chipmaker Entropic Communications Inc (Nasdaq: ENTR) raised its second-quarter outlook on increased demand for its home networking and direct broadcast satellite products, sending its shares up 24 percent in premarket trading.

The company now expects second-quarter revenue of $81 million to $82 million, up from its earlier forecast of $75 million to $77 million.

Entropic said it expects to break even on a per share for the quarter.

Excluding items, the company now sees earnings of about 8 cents per share, up from its prior forecast of 3 cents per share.

Analysts on average were expecting earnings of 3 cents per share, excluding items, on revenue of $76.1 million, according to Thomson Reuters I/B/E/S.

Shares of the company rose to $5.05 in trading before the bell on Wednesday. They closed at $4.08 on Tuesday on the Nasdaq.

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Amarin's (Nasdaq: AMRN) Patent Problems Fading Fast

Shawshank, VA 6/27/12 (StreetBeat) -- The intellectual property worries that have hung over Amarin's (Nasdaq:AMRN) prescription fish-oil pill AMR101 are vanishing Wednesday because U.S. patent examiners appear poised to approve a family of key patents that could protect the drug from generic competition through 2030.

Amarin shares are up 14% to $14.95 in Wednesday pre-market trading.

The U.S. Patent and Trademark Office issued a "Reasons for Allowance" notice for the so-called '889 patent application. This is an important method-of-use patent that Amarin has long sought to provide extra years of market exclusivity for AMR101 as a treatment for patients with very high levels of triglycerides. However, the U.S. patent office has rejected Amarin's '889 patent application multiple times, forcing the company to appeal and causing consternation for Amarin investors.

Finally, it seems as if Amarin's efforts have paid off. A "Reasons for Allowance" notice is typically filed when patent examiners are satisfied with a patent application's novel claims. An approval of the patent typically follows.

The '889 patent is "the single most-watched patent on Wall Street, in our view, so the stock should be up significantly today," said Leerink Swann, in an email to investor clients Wednesday morning.

In addition to the positive signal on the '889 patent, the U.S. patent office also issued "Reasons for Allowance" notices on three other related AMR101 patents.

Importantly, these patents should provide Amarin with market exclusivity for AMR101 through 2030. The strengthened intellectual property protection for AMR101 boosts the value of the drug and may also make it more attractive to potential Big Pharma acquirers.

With patent worries subsiding, the Amarin's next big step is the FDA approval decision for AMR101 expected in July 26. At that same time, FDA will decide whether or not to grant AMR101 status as a new chemical entity -- another important designation for market exclusivity.

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Westport (Nasdaq: WPRT), GM sign second deal for natural gas engines

Shawshank, VA 6/27/12 (StreetBeat) -- Westport Innovations Inc (Nasdaq:WPRT), which develops natural gas-powered engines, said it signed a second deal with General Motors Co (NYSE:GM) to develop a natural gas engine technology for light-duty vehicles.

Westport earlier this month signed an agreement with Caterpillar Inc (NYSE:CAT) to develop engines that can use cheaper natural gas instead of diesel to power mining trucks and locomotives.

Natural gas, as a vehicle fuel, produces lower emissions of nitrogen oxides, particulate matter and greenhouse gases than petrol or diesel.

Westport and GM announced their first deal last June.

U.S.-listed shares of Westport rose about 6 percent to $34.40 in premarket trade on Wednesday. The stock closed at C$33.33 on Tuesday on the Toronto Stock Exchange.

GM shares closed at $19.85 on Tuesday on the New York Stock Exchange.

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Lindsay Corp (NYSE: LNN) beats Street on irrigation equipment demand

Shawshank, VA 6/27/12 (StreetBeat) -- Agriculture equipment maker Lindsay Corp (NYSE: LNN) reported a 23 percent jump in quarterly net profit that also beat analysts' estimates on strong demand for its irrigation equipment in the United States.

Net income rose to $18.8 million, or $1.47 per share, in the third quarter, from $15.3 million, or $1.20 per share, last year.

Total revenue for the company -- which competes with Astec Industries Inc, Cascade Corp and Toro Co -- increased 12 percent to $172.1 million.

Analysts on average had expected earnings of $1.36 per share, before special items, on revenue of $166.2 million, according to Thomson Reuters I/B/E/S.

Lindsay's domestic irrigation revenue increased 38 percent to $105.6 million.

Gross margins climbed to 28.5 percent from 27 percent.

Lindsay's backlog of unshipped orders at May 31 increased about 3 percent from a year earlier.

Shares of the company, which has a market value of about $715 million, closed at $56.27 on Tuesday on the New York Stock Exchange.

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Bio-Clean (PK: BCLE) Signs New Joint Venture with Kyrgyz Alumina Inc.

Atlanta, GA 6/27/12 (StreetBeat) -- Bio-Clean International, Inc. (PinkSheets: BCLE) is pleased to announce the Company has entered into a Joint Venture agreement with Kyrgyz Alumina Inc., a Nevada Corporation.

Under this agreement, the two corporations will form a new limited liability corporation which will seek to acquire mining interests, ore and mineral concessions in Eastern Europe and the United States. Several sites and assets have already been identified and targeted, and the newly formed corporation, which will be 40% owned by BCLE, hopes to have an agreement in place for an acquisition of rights to major aluminum concessions and operations though Kyrgyz Alumina over the next 30 days. Following that, the company will seek funding through a private placement of its securities.

Mike Roth, President of Bio-Clean International, stated: "This is a great opportunity to expand Bio-Clean's horizons and open up what we anticipate may be a very valuable revenue stream for the Company."

About Bio-Clean International, Inc.

Bio-Clean International is a developer of environmentally safe cleaning products and bio-remediation fluids designed for a variety of uses. For more information on Bio-Clean International, Inc., visit: http://www.biocleaninternational.com.

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Telkonet (OTCBB: TKOI) Enters Distribution Agreement with Gustave A. Larson Company

Atlanta, GA 6/27/12 (StreetBeat) -- Telkonet, Inc. (OTCBB: TKOI), developer of the revolutionary EcoSmart energy management platform incorporating patented Recovery Time™ technology, announced today that it has signed a distribution agreement with the Gustave A. Larson Company, a leading wholesale distributor of heating, ventilation, air conditioning, and refrigeration equipment, parts and supplies.

The distribution agreement provides the Gustave A. Larson Company with access to the complete EcoSmart energy management solution; a suite of products that has already been deployed in well over 200,000 rooms.

The hardwired EcoInsight and wireless EcoWave intelligent thermostats provide a foundation for Telkonet's EcoSmart technology. Using industry-standard ZigBee wireless communications protocol, the thermostats create a reliable wireless mesh network to communicate with other EcoSmart devices, such as EcoView external occupancy sensors, EcoContact door and window contacts, EcoGuard outlets and EcoSwitch light switches. The individual components of the solution communicate through the thermostats, and can be controlled from any web-connected device such as a laptop, tablet or smartphone.

Scott Larson, President of the Gustave A. Larson Company, said, "The vision of our company revolves around providing innovative solutions. The energy management technology behind EcoSmart certainly aligns with our vision, and I anticipate EcoSmart products will move quickly through our distribution network. Telkonet has already begun providing training courses to the sales and design teams in our offices."

Gerrit Reinders, Executive Vice President of Sales at Telkonet, said, "We are pleased to partner with the Gustave A. Larson Company. Telkonet will benefit from their reputation for customer service and long-standing relationships with well-respected design and contracting providers. I believe their deep market reach, highly skilled staff and extensive client base will facilitate the recognition and adoption of EcoSmart products."

The Gustave A. Larson Company, with United Team Mechanical as contractor, has recently contracted to install a complete EcoSmart energy management solution at the Park Regency Resort in Park City, Utah.

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3 Things to Know Before Trading

Atlanta, GA 6/27/12 (StreetBeat) -- Stocks were mixed in Asian trade this morning. The Nikkei and Australia were both up three quarters of a percent and the Hang Seng rose one percent, but Shanghai was down a slight fraction. European indexes are moderately higher this morning, with the Footsie better by a half percent and the Dax up a quarter percent. US stock futures are up a slight fraction as I write.

*The May reading of Germany’s Import Price Index is -0.7% on a month on month basis, a decline that is one tenth greater than forecast.

*German states are this morning releasing the June reading of their Consumer Price Indexes; among those reporting are: Saxony -0.1% month on month and +1.7% year on year; Brandenburg -0.1% and +1.8%; Bavaria 0.0% and +2.2% and Hesse 0.0% and +1.8%. The national CPI is due out at 7:00am CDT, it is expected to be -0.1% on a monthly basis and +2.1% year on year.

*Merkel has been reiterating this morning that no quick resolution to what ails Europe and that there will only be joint liability after there is joint budget control. She is to have a pre-summit meeting with French boss Hollande later today.

*In May in the UK there were 30,238 loans for house purchases, according to the British Bankers Association; the result was well short of the 33,000 estimate.

*US mortgage applications were down 7.1% in the week ended June 22, according to the Mortgage Bankers Association; both components were lower on the week.

*The May reading of Durable Goods Orders is due out at 7:30am CDT. Headline Orders are expected to be up 0.5% on the month, and the Orders Ex-transportation are forecast to be +0.7% from the month before. The May reading of Pending Home Sales is set to be released at 9:00am CDT, it is expected to be +1.5% on the month.

*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to decline 1.3 million barrels, Gasoline inventories are expected to increase 1.0 million and the estimate for Distillates is +1.225 million.

*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.

*The Treasury plans to sell $35 billion 5 Year Notes today; the auction results will be released just after noon CDT.

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