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nanotimes
Companies Facts
rements of the exchange. Specifically, GigOptix’s common stock must maintain a market capitalization of $50 million, a minimum price of $2.00 per share and a public float of $15 million.
GigOptix common shares will continue to trade on the Over-the-Counter Bulletin Board under the symbol “GGOX” until all of the NYSE Amex listing conditions have been met. GigOptix has reserved the ticker symbol “GIG” for trading on the NYSE Amex.
http://www.gigoptix.com
H
EADWATERS INCORPORATED (NYSE:HW) announced results for its March 31, 2011 quar-
ter, the second quarter of fiscal 2011.
The Company’s second quarter 2011 revenue of $127.1 million decreased 1% compared to $128.2 million for the quarter ended March 31, 2010. Ad- justed EBITDA in the March 2011 quarter was $3.9 million, declining from $12.6 million in the March 2010 quarter. Gross profit decreased from $27.5 million in the March 2010 quarter to $17.5 million in the March 2011 quarter.
The operating loss in the March 2011 quarter was $(71.7) million, compared to $(4.3) million in the March 2010 quarter. The net loss in the March 2011 quarter was $(156.2) million, or $(2.58) per diluted share, compared to a net loss of $(13.0) million, or $(0.22) per diluted share in 2010
“In the latter part of 2010 and in the first half of 2011 we noted a stabilization of our business, with sales appearing to have flattened and showing signs of modest recovery,” said Don P. Newman, Headwa- ters’ Chief Financial Officer. “While the December
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