27th
July 1:32pm
Stock Update: (XTXI, TMO, XTEX, VSYM.OB, KCI)
Posted By Contributor

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View Systems, Inc. (OTCBB:VSYM), a security and tele-data solutions provider, recently reported that a military facility has placed an order for an MMV: Multi-Mission Video Recorder. The MMV was designed with input from hundreds of first response professionals and emergency teams. It is a multi-mission video system that is meant to be worn by forward operators. This rugged and compact system is easy to deploy and use. The body-worn camera and transmitter set send clear and steady video back to scene commanders in real time. The system signal can also be encrypted so that the video can only be seen at the specific viewing console. The unit can also be placed on K-9 units during law enforcement search and rescue operations.
Kinetic Concepts, Inc. (NYSE: KCI) reported second quarter 2010 total revenue of $497.8 million, an increase of 1% from the second quarter of 2009 and up 2% from the first quarter of 2010. Total revenue for the first half of 2010 was $983.6 million, a 2% increase from the prior-year period. Unfavorable foreign currency exchange movements reduced total revenue for the second quarter of 2010 by less than 1%, while favorably impacting total revenue for the first six months of 2010 by 1% compared to the corresponding periods of the prior year. Net earnings for the second quarter of 2010 were $53.6 million, or $0.75 per diluted share on a GAAP basis compared to a $58.1 million, or $0.82 per diluted share, for the same period of 2009. During the second quarter of 2010, the company recorded approximately $12.7 million before income taxes, or $0.11 per diluted share, in expenses related to our TSS portfolio rationalization and employee separation costs related primarily to our Global Business Transformation project. Net earnings per diluted share on a non-GAAP basis, excluding costs associated with the TSS inventory rationalization, employee separation costs and non-cash acquisition-related items were $1.01 for the second quarter of 2010, up 3% from the prior-year period on a comparable, non-GAAP basis.
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, reported 7% growth in second quarter revenues to $2.65 billion in 2010, compared with $2.48 billion in the 2009 quarter. Revenues increased 3% due to acquisitions and decreased 1% due to the unfavorable effect of currency translation.
The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), reported the Partnership will expand its natural gas gathering system in the Barnett Shale play in North Texas by constructing a $25 million 15-mile pipeline project to serve major gas producer customers. The project, which is supported by volumetric commitments, includes a seven-mile low-pressure pipeline, an eight-mile high-pressure pipeline and a compressor station in southwest Tarrant County that will provide customers with greater takeaway capacity to accommodate their transportation requirements. The anticipated peak flow rate of the new gathering system in 2012 is more than 100 million cubic feet per day. The project, scheduled to be completed and operational in the first-quarter of 2011, is expected to have throughput of approximately 100 billion cubic feet of gas during the first four years of operation.
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