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Pastimes : Raymond L. Dirks Internet Research Tribunal Thread -- Ignore unavailable to you. Want to Upgrade?

To: SEC-ond-chance who wrote (304)	8/16/2003 8:40:18 PM
From: StockDung	Respond to of 544

Steve Monte with Sky Partners LLC, the only analyst now covering the company, said he hadn't expected the goodwill impairment charge, but that the market was overreacting. "I think the market has misinterpreted the bottom line number and is not looking beneath the surface," Monte said. "Excluding unusual items, the numbers are terrific." Systemax Plunges On Earnings Charge Dow Jones/AP August 13, 2003, 2:54 PM EDT The stock of Systemax Inc., which sells computers and peripherals through catalogs and Web sites, plunged Wednesday following a second-quarter report that was blemished by an unexpected $2.6 million charge for impaired goodwill. Shares of Systemax traded down 24 percent, or $1.38, at $4.51 in the afternoon on the New York Stock Exchange. After the bell Tuesday, the Port Washington, company said it lost $1.9 million, or 5 cents a share, in the second quarter. Sales came in at $388.8 million, up 6.9 percent from $363.8 million in the year ago period. The company said its operating profit would have been $1.8 million if not for the charge, which stemmed from "the contractually required purchase of the minority interest in the company's Netherlands subsidiary." Steve Monte with Sky Partners LLC, the only analyst now covering the company, said he hadn't expected the goodwill impairment charge, but that the market was overreacting. "I think the market has misinterpreted the bottom line number and is not looking beneath the surface," Monte said. "Excluding unusual items, the numbers are terrific." A representative for Systemax wasn't immediately available for comment. Sky Capital LLC does not have an investment banking relationship with Systemax, and Steve Monte does not own any shares. Copyright © 2003, Newsday, Inc. ================================== "Winners included Systemax Inc., the Port Washington- based computer hardware company, which received a "strong buy" rating from Sky Capital LLC. Sky Capital set a 12-month price target of $7 a share. Systemax closed Friday at $5.77 after hitting a 52-week high of $5.99 Thursday. Orbit International Corp. of Hauppauge, a defense electronics parts maker, reached a 52-week high of $8.43 Friday before settling back to $8.06. The company announced a 25 percent stock dividend." Economic News Sparks Slight Setback By James Bernstein STAFF WRITER August 4, 2003 Long Island stocks dropped fractionally last week after two government reports showed that the national economic recovery is still anemic. The Newsday Top 100/Bloomberg index fell 0.2 percent to close the week at 165.52. The reading means that a portfolio of the Island's 100 largest companies is worth 65.52 percent more than at the index's starting date, Jan. 1, 1997. Winners included Systemax Inc., the Port Washington- based computer hardware company, which received a "strong buy" rating from Sky Capital LLC. Sky Capital set a 12-month price target of $7 a share. Systemax closed Friday at $5.77 after hitting a 52-week high of $5.99 Thursday. Orbit International Corp. of Hauppauge, a defense electronics parts maker, reached a 52-week high of $8.43 Friday before settling back to $8.06. The company announced a 25 percent stock dividend. Among the laggards was Delta Financial Corp. of Woodbury, which dropped almost 17 percent to $6.08 despite reporting higher sales and earnings in its most recent quarter and raising its earnings estimate for the full year to $1.75 a share from $1.45. Medical Action Industries Inc. of Hauppauge dropped almost 11 percent to $13.45 even though sales in its latest quarter were a record $30.6 million. Analysts said some investors were concerned about the company's profitability. The Long Island index is up 26 percent this year, though it has declined slightly from its peak of 173.34 on July 14. It dropped 1.2 percent Friday after the U.S. Labor Department said the economy lost more jobs than expected in July, and the Institute for Supply Management's factory index rose less than expected. Copyright © 2003, Newsday, Inc.

To: SEC-ond-chance who wrote (304)	9/4/2003 9:02:45 PM
From: StockDung	Respond to of 544

SKY CAPITAL/EMERSON RADIO UPDATE Sky Capital LLC investment research issues "Strong Buy" on Emerson Radio Corporation (MSN:AMEX) We are initiating coverage of Emerson Radio Corporation (MSN:AMEX) with a Strong Buy recommendation for aggressive, long-term growth oriented investors. Our twelve-month price target is $10.00. 216.239.33.104 Cauley Geller Announces Class Action Lawsuit Against Emerson Radio Corp. On Behalf of Investors NEW YORK, Sept. 4 /PRNewswire/ -- The Law Firm of Cauley Geller Bowman & Rudman, LLP announced today that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of purchasers of Emerson Radio Corp. (Amex: MSN) ("Emerson" or the "Company") publicly traded securities during the period between January 29, 2003 and August 12, 2003, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at cauleygeller.com . The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing numerous positive statements throughout the Class Period regarding the Company's growth and demand for the Company's products. As alleged in the complaint, these statements were each materially false and misleading when made as they misrepresented and omitted the following adverse facts which then existed and disclosure of which was necessary to make the statements not false and misleading, including, but not limited to, the following: (a) that Emerson customers were deferring and foregoing purchases of product and reducing inventory levels as they shifted to just-in-time stocking; (b) that since at least March 2003, the outbreak of severe acute respiratory syndrome in Asia was dramatically reducing Emerson's product demand and supply; (c) that Emerson was planning to, and did, discontinue Mary-Kate and Ashley and Nascar brands and business; and (d) that based on the foregoing, Emerson had no reasonable basis to project "significant" and "strong" growth and revenues for fiscal 2004. On August 12, 2003, the last day of the Class Period, Emerson shocked the investing public when it released its financial and operational results for the first quarter of fiscal 2004, ended June 30, 2003, announcing, among others, a 44.3% revenue decline in its consumer electronics segment. In response to this announcement, shares of Emerson stock fell more than 49% on August 12, 2003, on heavy trading volume. If you bought Emerson publicly traded securities between January 29, 2003 and August 12, 2003, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than November 3, 2003. If you are a member of this class, you can join this class action online at cauleygeller.com . Any member of the purported class may move the Court to serve as lead plaintiff through Cauley Geller or other counsel of their choice, or may choose to do nothing and remain an absent class member. Cauley Geller is a national law firm that represents investors and consumers in class action and corporate governance litigation. It is one of the country's premiere firms in the area of securities fraud, with in-house finance and forensic accounting specialists and extensive trial experience. Since its founding, Cauley Geller has recovered in excess of two billion dollars on behalf of aggrieved shareholders. The firm maintains offices in Boca Raton, Little Rock and New York. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.cauleygeller.com . Contact: CAULEY GELLER BOWMAN & RUDMAN, LLP Samuel H. Rudman, Esq. or David A. Rosenfeld, Esq. Client Relations Department: Jackie Addison or Heather Gann P.O. Box 25438 Little Rock, AR 72221-5438 Toll Free: 1-888-551-9944 Fax: 1-501-312-8505 E-mail: info@cauleygeller.com SOURCE Cauley Geller Bowman & Rudman, LLP CO: Cauley Geller Bowman & Rudman, LLP; Emerson Radio Corp. ST: New York, New Jersey SU: LAW Web site: cauleygeller.com prnewswire.com 09/04/2003 19:18 EDT

To: SEC-ond-chance who wrote (304)	11/11/2003 6:03:18 PM
From: StockDung	Respond to of 544

Stevens R. Monte "He served as Director of Retail Research at Rooney Pace for five years and then as Director of Research at D.H. Blair & Co. for over 10 years." ================================================= Stevens R. Monte, CFA Sector: Special Situations Click here to view recent reports. Mr. Monte started in the investment business in November 1964, with Goldman Sachs & Co., where he initially covered the insurance industry and then the food and beverage industries while serving the firm's institutional investing clients. From there he moved on to Newhard, Cook & Co. and then Herzfeld & Stern and gravitated to the research coverage of small, emerging growth companies and special situations primarily for retail investing clients of those firms. He served as Director of Retail Research at Rooney Pace for five years and then as Director of Research at D.H. Blair & Co. for over 10 years. At Baker Weeks & Co., Security Capital Trading, and Dirks & Co functioned as a Special Situations Analyst. skycapitalholdings.com ========================================== Claims Fund - DH Blair & Co, Inc. DH Blair Restitution Fund. Former customers of DH Blair & Co., Inc. may be eligible to participate in the $21 million restitution ... sec.gov ============================================= In talking to Barron's, Lehmann contended that Wernick's first underwriting at Patterson Travis, for a Florida-based direct-marketing firm called ML Direct, was a scam. That charge is supported by other Wernick employees and by the U.S. Attorney for the Southern District of New York, who indicted Wernick in September for conspiracy and stock fraud. Prosecutors charge that the ML Direct underwriting was arranged by Randy Pace, whose Rooney Pace firm was barred from the securities business by the SEC in the 1980s. At Pace's 27th-floor suite on Lexington Avenue in Manhattan, the indictment says, Wernick joined a secret conspiracy that enabled the Pace gang to dump $24 million of worthless stock on the public. Like Pace, Wernick has pled not guilty. 216.239.39.104

To: SEC-ond-chance who wrote (304)	11/19/2003 10:29:15 PM
From: StockDung	Respond to of 544

The use and value of Chapter 11 of the US Bankruptcy Code is not well understood, and in our view, underutilized. Through our management team, which has extensive experience in the use of bankruptcy as a financial tool, Sky Capital LLC intends to market reorganization services in its target market. skycapitalholdings.com

To: SEC-ond-chance who wrote (304)	11/21/2003 3:58:01 PM
From: StockDung	Respond to of 544

Source: Sky Capital Holdings Ltd. Expansion of US Operations NEW YORK, Nov. 21, 2003 (PRIMEZONE) -- Sky Capital LLC, the US broker/dealer subsidiary of Sky Capital Holdings, Ltd., had applied to the NASD to increase the number of securities in which the firm makes a market, to open a branch office in New Jersey, and to increase the number of registered persons employed. These applications were initially denied by the NASD's Department of Member Regulation (the "Department"). Sky Capital LLC appealed the decision to the NASD's National Adjudicatory Counsel (NAC). Following a hearing during which testimony was taken and evidence introduced, the NAC rendered a decision on November 18, 2003 that declined to sustain the Department's denials and pointedlyremanded the matter for reconsideration of the application in light of its findings, with "specific instructions to negotiate with Sky Capital an orderly expansion of the Firm's business". Tom McMillen, Chairman of Sky Capital Holdings, Ltd., commented, "We are very pleased with the decision of the National Adjudicatory Council, and look forward to a prompt resolution of this NASD matter. We are eager to proceed with the expansion of our US operations." CONTACT: For further information please contact, Tom McMillen / Michael Recca Sky Capital Holdings, Ltd. +1 (212) 709 1900 Adam Reynolds Hansard Communications +44 (0) 20 7245 1100