DVR, Cal Dive International, Inc.
** Cape Wind reported that it has selected the joint venture team of DVR, Flatiron Construction Corp., and Cashman Equipment Corp. as its construction contractor to build America?s first offshore wind farm in Nantucket Sound.
Cape Wind expects to begin construction in 2013.
Cape Wind is America?s first offshore wind farm to secure Federal and State approval and to be issued a lease to operate by the Federal Government.
DVR is a marine contractor that provides an integrated offshore construction solution to its customers, including manned diving, pipelay and pipe burial, platform installation and platform salvage services to the offshore oil and natural gas industry on the Gulf of Mexico OCS, Northeastern U.S., Latin America, Southeast Asia, China, Australia, the Middle East and the Mediterranean, with a fleet of 29 vessels, including 19 surface and saturation diving support vessels and 10 construction barges.
More about DVR at www.caldive.com
DRAM, Dataram Corporation
** DRAM reported that its Board of Directors approved an Open Market Repurchase Plan. Under the plan, DRAM is authorized to repurchase up to a total of 1,000,000 shares of its issued and outstanding stock from its stockholders in the open market, at such times, as the President shall, in his discretion, direct.
The 1,000,000 total shares to be repurchased are based on the current resolution to purchase approximately 827,000 shares as well as approximately 172,000 shares which remain under the November 25, 2002 stock repurchase resolution.
According to DRAM's CFO, the Board of Directors recognizes the stock is undervalued and this buyback is one of several alternatives that executive management is continuing to pursue to increase shareholder value.
DRAM is a worldwide leader in the manufacture of high-quality computer memory, storage and software products.
More about DRAM at www.dataram.com.
AA, Alcoa, Inc.
** For the first quarter 2012, AA posted income from continuing operations of $94 million, or $0.09 per share, compared to prior quarter loss from continuing operations of $193 million, or $0.18 per share.
Adjusted EBITDA for the first quarter 2012 was $624 million, a 40% increase compared to the fourth quarter 2011.
AA is the world?s leading producer of primary aluminum and fabricated aluminum, as well as the world?s largest miner of bauxite and refiner of alumina.
More about AA at www.alcoa.com.
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