United Technologies Corp. Advisory to Securities Analysts, Investors and News Media
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HARTFORD, Conn., Sept. 21  /PRNewswire-FirstCall/ -- An audiocast of United Technologies Corp.  Vice President, Accounting and Finance, Greg Hayes speaking at Prudential Equity Group's "Inside our Best Ideas" conference is scheduled for 9 a.m. EDT on Thursday, Sept. 28, 2006.
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NEW YORK - As Wall Street sifts through more than 300 third-quarter earnings reports this week, technology and pharmaceutical stocks will be getting some of the closest scrutiny.    The focus on drug companies results from a recent spate of bad news about Merck & Co...
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CLEVELAND, Sept. 6  /PRNewswire-FirstCall/ -- Sentex Sensing Technology, Inc.  (BULLETIN BOARD: SENS)  (http://www.sentextech.com/), received the response from the SEC that its 14C Preliminary Information Statement will not be reviewed by the SEC.
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The U.S. government has warned banking, stock trading, and other financial Web sites of a potential cyber attack today, but officials and experts alike caution against undue alarm.
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USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com) has recently received interest in utilizing its Wireless Video Surveillance technologies in applications at remote oil field locations.
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Investors have spoken. Here's what they said.
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(InfoWorld) - Despite financial and accounting problems at Dell Inc., Novell Inc. and Yahoo Inc., underlying faith in the software sector and a solid first-day performance on Riverbed Technology Inc.'s initial public offering indicate that the end of the year may yet reward IT investors. The early part of the third quarter proved worrisome for technology investors, as high hopes in the beginning of the year gave way to softer than expected sales and a price war for PC makers. But as the fourth quarter approaches, several brokerages have raised their forecasts for the tech sector as a whole. The lower cost of hardware is expected to spark a spending spree by both consumers and corporate buyers by the end of the year. Analysts also see pent-up demand for software. Signs of hope started appearing in August, when for example Merrill Lynch & Co. Inc. released a survey showing that 60 percent of chief information officers polled anticipated increasing software spending in the second half of the year. In addition, Lehman Brothers Inc. and Credit Suisse First Boston have recently recommended that investors take a closer look and invest in technology stocks, reasoning that declines earlier in the year have made some companies a bargain. Stoked by recommendations, the Nasdaq exchange started taking off in August after sinking to a yearly low in July. Good news continued this week, as the debut of Riverbed, a maker of WAN (wide area network) optimization technology, shone on the Nasdaq. Riverbed's (RVBD) initial public offering of 8.7 million shares priced at US$9.75 a share, above the target of $7 to $8.50 a share, and closed at $15.30 Thursday, showing confidence in the network optimization trend. On TuesdayÂ Oracle Corp. reported better-than-expected earnings. Excluding one-time charges for acquisitions, Oracle's earnings per share grew 24 percent to $0.18, better than the $0.16 consensus forecast of analysts polled by Thomson Financial. Several analysts said that Oracle's results, after a similar strong report from Adobe Systems Inc. last week, bode well for the upcoming quarter. Specifically, Oracle's strong sales for new applications and services indicate that businesses are in the mood to buy. Citigroup upgraded Oracle to "buy" from "hold," and UBS Warburg and Deutsche Bank raised their price targets. Some bad news midweek put at least a temporary halt to the Nasdaq rise. Yahoo (YHOO) shares plunged $3.25, to close at $25.75 Tuesday after it warned that slowing growth from automotive and financial services advertisers would affect revenue. The warning pushed down sales of other Internet companies as well. News that both Dell andÂ Novell face delisting from the Nasdaq also helped depress the market Thursday. Due to accounting probes, both companies delayed financial reports, which triggered delisting notices. Hewlett-Packard Co. shares, which up until this week seemed impervious to the company's growing spy scandal, finally took a hit Thursday after revelations that Chief Executive Office Mark Hurd may have known about possible illegal investigative techniques as they were being planned. HP shares (HPQ) closed at $34.87, down by $1.91 Thursday. On balance, the bad news seems company-specific, while the solid software results and the excitement sparked by Riverbed appears to speak more to underlying trends. For the hoped-for fourth quarter tech rally to really happen though, investors need to see some strong quarterly reports next month. Â
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Diversified manufacturer United Technologies Corp.  expects profit to grow by 10 percent to 14 percent next year, as strength in aerospace and commercial construction offsets the effects of a slowing U.S. housing market.
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(InfoWorld) - Now that the dust has settled after last week's stock-market plunge, industry insiders are looking forward to continued stable growth in the IT sector. When a plunge in Asian markets last week caused panic share-selling around the world,Â IT investors reassessed the technology sector's prospects for the year. IT vendors had enjoyed seven months of rising share prices up until last week. But last week, several leading analysts said that a long-overdue correction was occurring. However, brokerages were upgrading their share-buying advice on bellwether IT companies, even as markets in general were declining. The upgrades continued this week. For example, chip-equipment makers' share prices are rising this week as analysts foresee user hardware spending increases through 2008. Thursday, Applied Materials and KLA-TencorÂ shares rose after analyst upgrades. Morgan Stanley raised its rating on both companies to overweight from equal weight and raised its rating on the whole semiconductor capital-equipment sector to attractive from in-line. Also this week, JMP Securities raised it rating on AMD to market outperform from market perform, forecasting strong sales for new products. In the telecommunications sector, AG Edwards & SonsÂ upgraded AT&TÂ from hold to buy, predicting that demand for wireless communications will spark growth. Last week, even as markets were in turmoil, analysts issued upgrades in several sectors. Robert W. Baird & Co. upgraded AutodeskÂ from perform to outperform; Bear Stearns & Co., looking at BEA Systems' positive cash flow, upgraded the company from underperform to peer perform. JP Morgan upgraded networking equipment maker CienaÂ from neutral to overweight, basing its decision on what it expects to be a faster-than-expected recovery on optical communications market. The bottom line is that demand for IT products worldwide, while not expected to equal the heady days of 2000, is by most indicators expected to grow consistently this year into next. The transition to Vista and spending on Web 2.0 services are expected to help spur user demand, according to analysts. "Barring any geopolitical issues that could arise, solid single-digit growth is expected in technology," said Jim Lanzalotto, vice president of Yoh Services in Philadelphia, a personnel and outsourcing firm. The IT job market is generally seen to be a prognosticator of the IT market. "When companies hire, it's because they see a need to put people in place for increasing demand," Lanzalotto noted. "We're dealing with the leading indicator of the leading indicators," Lanzalotto said. In technology, there is demand this year especially for basic product development specialists, CRM specialists (particularly in the health care fields), IT project management, and Java and .Net specialists, he said. High-end jobs requiring specialized skills are driving the IT job market overall, Lanzalotto said. Lower-end jobs and specialties such as help-desk services are expected to experience weak demand in the U.S. as these jobs get outsourced, Lanzalotto said, though the services sector globally appears to be stable. On the user-demand side, consumer spending in areasÂ like upgrades to Vista will be the main growth driver, Lanzalotto said.
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U.S. stocks to watch on Friday: UNIVISION COMMUNICATIONS INC. : The Spanish-language broadcaster forecast earnings below Wall Street expectations.
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roundup Plus: The company also expects to meet or exceed analyst estimates...Salesforce.com reports subscriber surge...RealNetworks signs up Red Flag Linux.
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U.S. stocks to watch on Monday: ORACLE  CORP. ORCL.O, PEOPLESOFT INC. PSFT.O:
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Wall Street was expected to open  slightly lower on Friday but United Technologies Corp. may  climb after its chief executive gave an upbeat outlook.
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(InfoWorld) - This week, the biggest market declines since the Sept. 11, 2001, terrorist attacks in the U.S. caused a crisis of confidence in sectors including technology, leading IT investors to reassess what's in store for the year. Considering that most analysts are predicting moderate -- about 6.5 percent -- global growth in IT product sales this year, vendors have been riding high recently. Key technology suppliers reported better-than-expected earnings in 2006, and IT companies in general enjoyed seven straight months of market gains capped last week by a six-year high in the tech-heavy Nasdaq exchange. But share-price gains for this year were wiped out this week as a precipitous decline in Chinese markets Tuesday led to panic selling around the world. The Nasdaq closed Tuesday at 2407.86, down 96.66 points for the day and 117.08 down from its six-year high last Thursday. The question for IT is whether the decline signals an overdue correction for valuations on technology suppliers: Given the modest prospects for overall revenue growth, have investors been a little too exuberant? "Yesterday's 3-5 percent drop in the popular stock averages is a wake-up call for a market that had become far too complacent, in our view," said Banc of America Securities analyst Tom McManus Wednesday. The Nasdaq slid again Thursday asÂ Dell reported disappointing results for its fourth fiscal quarter ended Feb 2. Dell posted net income of $673 million, compared with $1.01 billion a year earlier. Revenue declined 5 percent from a year ago to $14.4 billion. Analysts polled by Thomson Financial had been expecting $14.9 billion in revenue. Despite the warnings and the grim news from Dell, however, there still appears to be underlying confidence in the tech sector. For example, traders applauded Oracle's announcement Thursday thatÂ it would buy business intelligence software vendor Hyperion SolutionsÂ for $3.3 billion. Oracle shares closed at $16.78, up by $0.35. This is a big endorsement for strength in that sector. Often, an acquiring company suffers share price declines on the assumption that a big buy will negatively affect earnings even in a healthy market. And on Thursday alone, companies in various sectors of IT received kudos from analysts in the form of stock forecast upgrades. CAD maker Autodesk was upgraded to an outperform rating by Robert W. Baird & Co.; business software developer BEA Systems was upgraded from underperform to peer perform by Bear Stearns & Co.; and telecom equipment maker Ciena was upgraded from neutral to overweight by JP Morgan & Co., which noted that the optical market continues to recover faster than expected. Soothing remarks about the overall U.S. economy from Federal Reserve Bank Chairman Ben Bernanke to Congress on Wednesday also helped prevent a further big decline in markets. He said he was still looking forward to "moderate" overall growth this year. So far, "moderate growth" has been good enough to stoke investments in IT. If that's an indication of things to come, this week's sharp declines might end up being seen as only a brief correction.
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The Securities and Exchange Commission is scrutinizing biotechnology companies as part of a wider effort to ensure that companies don&#39;t mislead investors
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Diversified manufacturer United  Technologies Corp. UTX.N posted a rise in quarterly profit,  helped by strong infrastructure demand and a recovery in its  aerospace business, the company said on Wednesday.
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Investors should consider the ramifications of the worst case scenarios for their companies.