OFinancialinc.com announces the following stocks to its Mid Day News: Takedown Entertainment Inc. (OTC: TKDN), Rite Aid Corporation (NYSE: RAD), Nokia (NYSE: NOK), CenterPoint Energy Inc. (NYSE: CNP), Oracle Corporation (NASDAQ: ORCL), Dell Inc. (NASDAQ: DELL), TiVo Inc. (NASDAQ: TIVO)
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Takedown Entertainment Inc. (www.takedownentertainment.com) (OTC: TKDN), an authority in the business of mixed martial arts, is pleased to announce that it has signed a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with League S-70 of Russia, plus certain rights to the brand and sponsorship representation.
League S-70, operating under General Director Sergey Solomatin, is one of the premier MMA organizations in Russia. The promotion consistently features the best MMA athletes in the Russian Federation including Bellator Fighting Championships middleweight tournament champion, Alexander Shlemenko, and the Sherdog.com #1 ranked European prospect, Alexander “Tiger” Sarnavskiy. League S-70′s unique approach of importing MMA athletes from across the globe to compete against Russia’s finest has garnered the promotion a great deal of national attention. Guests of League S-70 events have included the former MMA Heavyweight Champion Fedor Emelianenko, boxing Heavyweight Champions Vitali and Wladimir Klitschko, and the Prime Minster of Russia Vladimir Putin.
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Rite Aid Corporation (NYSE: RAD) said yesterday that it will release financial results for its Second Quarter, which ended August 27, 2011, on Thursday, September 22, 2011. The company will hold an analyst call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) with remarks by Rite Aid’s management team. The call will be broadcast via the internet and can be accessed through the websites www.riteaid.com and www.StreetEvents.com.
Nokia (NYSE: NOK) CEO Stephen Elop predicts uncertainty in the Android camp post Google’s acquisition of Motorola (NYSE:MMI). Meanwhile, Nokia will delay its rollout of Windows Phones in Australia to 2012.
CenterPoint Energy Inc. (NYSE: CNP) has replaced its existing revolving credit facilities with closure of three revolving bank credit facilities worth $2.45 billion. The company closed the three revolving bank credit facilities for the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC). The lines of credit include $1.2 billion for CenterPoint, $300 million for its electric transmission and distribution subsidiary CenterPoint Energy Houston Electric LLC, and $950 million for its natural gas distribution, pipelines, and field services unit CenterPoint Energy Resources Corporation.
Oracle Corporation (NASDAQ: ORCL) on Monday saw its shares added to Goldman Sachs’ prestigious “Conviction Buy” List. The firm also set a $33 price target on ORCL shares, suggesting a 27% upside to the stock’s Friday closing price of $26. Goldman noted the stock looks even better than before following its recent pullback. The firm commented, “Even off our lower-than-consensus CY12E EPS, Oracle trades at 11X, which compares to its five-year average of 15X and trough during the financial crisis of 9.4X (represents only 12% downside).”
Dell Inc.’s (NASDAQ: DELL) personal-computer business has seen good growth and the company has no plans to exit it, Steve Felice, the company’s president of consumer, small and medium businesses, said Tuesday. “We love the PC business,” Dell’s Felice said. “It’s part of the full set of solutions that we have as a company and we are very committed to that business.” In August, the world’s largest PC maker, Hewlett-Packard Co., said it planned to sell or spin off its PC business. Dell will benefit from HP’s potential exit from the segment, Felice added, “because a lot of corporate customers are going to be concerned about the consistency of their relationship and the service that’s required and Dell’s going to be their channel partners. I see lots of opportunities for us with Hewlett-Packard’s exit,” Felice said.
TiVo Inc. (NASDAQ: TIVO), a developer of advanced television services and digital video recorders (DVR), recently launched its new TiVo Premiere Elite set-top box. The set-top box is expected to be available by the end of 2011. The latest set-top box offers four digital tuners and has a hard drive of two-terabyte capacity, thus possessing two times more recording space than current offerings. The set-top box comes with a THX certification for optimal sound and video fidelity.
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