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APWC, CRWE, PCX, EMR, CUZ - Stock Report From BestOtc.com!

Posted, by trader888 on September 18th, 2011

Asia Pacific Wire & Cable Corporation is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia. The Company manufactures and distributes its own wire and cable products and also distributes wire and cable products ("Distributed Products") manufactured by its principal shareholder, Pacific Electric Wire & Cable Company, a Taiwanese company ("PEWC"). The Company also provides project engineering services in the supply, delivery and installation ("SDI") of power cables to certain of its customers.

Asia Pacific Wire & Cable Corporation Limited (NASDAQ:APWC) announced unaudited consolidated results for the second quarter and first half ended June 30, 2011.

The Company reported strong financial results in the second quarter and the first half of 2011 in spite of a slight decrease in the copper price. The majority of the Company's products and services are used in industrial, power and telecommunications infrastructure in the growing Asia-Pacific region.

Second-Quarter 2011 Financial Highlights:

Revenues were $148.7 million, an increase of 40.3% from $106.0 million in the same period a year ago, and an increase of 22.1% from $121.8 million in the first quarter of 2011.

Gross profit increased to $16.4 million, an increase of 15.1% from $14.2 million from the second quarter of 2010, and 26.1% from $13.0 million in the prior quarter.

Gross profit margin was 11.0%, compared with 13.4% in the year-ago period, and 10.6% in the first quarter of 2011.

Net income attributable to APWC shareholders was $2.4 million, compared with $3.7 million in the same period a year ago, and $2.8 million in the first quarter of 2011.

Basic and diluted earnings per share were $0.17, compared with $0.27 in the second quarter of 2010, and $0.20 in the first quarter of 2011.

Revenues in the first half ended June 30, 2011 were $270.5 million, a 28.3% increase over the year-ago period. Gross profit was $29.3 million in the first half, up 14.4% from $25.6 million in the year-ago period, representing a gross margin of 10.8% versus 12.2%, respectively. Operating income in the first half was $12.7 million, versus $12.2 million in the year-ago period, an increase of 4.5%. SG&A expense was $17.0 million in the first half, an increase of 30.0% or $3.9 million from the same period last year at $13.1 million. Net income attributable to APWC shareholders was $5.1 million in the first half versus $7.4 million in the year-ago period. Net income per basic and diluted share was $0.37 in the first half, versus $0.54 in the year-ago period.

For more information about Asia Pacific Wire & Cable Corporation please visit http://www.apwcc.com/

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VoIP is a technology which uses Internet Protocols for transmissions. VoIP enables users of broadband Internet access to make phone calls to other VoIP users and regular phones.

VoIP provides cost savings over traditional land-line phone long distance and cell phone long distance charges. VoIP can also be used for voice mail and fax mail applications, reducing the need to print documents or have access to email applications. VoIP takes advantage of Internet Protocols by using packet networks to transmit voice data.

VoIP services work directly through your computer using a headset or special VoIP phone, while others require a special adapter which is attached to your regular phone.

Also known as Internet telephony, IP telephony, Voice Over IP.

Crown Equity Holdings Inc. (OTC:CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: ?We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market.?

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

For more information visit: http://www.crownequityholdings.com/

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Patriot Coal Corporation (NYSE:PCX) announced that Jacquelyn A. Jones has been promoted to Vice President, Associate General Counsel and Corporate Secretary. In her new position, Jones will have legal oversight of securities and corporate compliance, commercial and other company transactions and will have responsibility for corporate governance matters, working directly with the Company's Board of Directors. In her new role, Jones will report to Joseph W. Bean, Senior Vice President - Law & Administration. Reporting to Jones will be Jeffrey R. Tucker, Senior Counsel and Anne M. Mykins, Senior Paralegal.

Patriot Coal Corporation engages in the mining, production, and sale of thermal coal primarily to electricity generators in the eastern United States. It has operations and coal reserves in the Appalachia and the Illinois Basin coal regions.

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Emerson Electric Co. (NYSE:EMR) announced that it has completed the sale of its Heating Products business to NIBE Industrier AB. Terms of the transaction were not disclosed. Emerson Heating Products, primarily a North American appliance components business that was established in 1917, is a global leader in heat-related solutions for appliance manufacturing industries including the cooking, dishwasher and water heater segments. The business has annual sales of approximately $75 million with about 1,100 employees in Murfreesboro, Tenn, USA; Nuevo Laredo, Mexico; and Shenzhen, China.

Emerson Electric Co. operates as a diversified manufacturing and technology company. The company engages in appliance solutions, climate technologies, industrial automation, motor technology, network power, process management, professional tools, and storage solutions businesses.

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Cousins Properties Incorporated (NYSE:CUZ) in partnership with Watkins Retail Group and New Horizon Retail Development, announced it has started development on Mahan Village, an approximately 150,000-square-foot community shopping center located on a 19-acre site in Tallahassee, Fla. The development is estimated at approximately $25 million and is located at the intersection of Capital Circle and Mahan Drive, one of the busiest intersections in the City of Tallahassee.

Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, as well as performs certain real estate-related services in the United States.

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Authored by, trader888
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