Jersey City, NJ – December 12, 2007
The LocateStock.com HIGH FIVE for Wednesday, December 12th are:
5 – VMware – NYSE:VMW
4 – SunPower Corp. – NASDAQ:SPWR
3 – DryShips – NASDAQ:DRYS
2 – Gol Linhas Areas Inteligentes – NYSE:GOL
1 – LDK Solar – NYSE:LDK
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* On Tuesday, VMware announced that the latest version of VMware Infrastructure 3, including VMware ESX Server 3.5 and VirtualCenter 2.5, is generally available. The release provides new capabilities for increased levels of automation, improved overall infrastructure availability and higher performance for mission critical workloads. Shares of VMW gained $1.84 or 1.97% Tuesday to $95.29.
SunPower Corporation (NASDAQ:SPWR) engages in the design, development, manufacture, and marketing of solar electric power products primarily in the United States, Germany, and Asia. It offers solar cells, solar panels, and inverters, which convert sunlight to electricity compatible with the utility network for residential and commercial applications.
* SunPower Corp. has signed a five-year silicon supply agreement with Jiawei SolarChina Co., the solar-product maker said last Friday. The company did not provide financial details of the agreement. Shares of SunPower Corp. rose after a Jefferies & Co. analyst upgraded the company, saying the solar cell maker should have much stronger profit growth than its rivals over the next few years. Analyst Paul Clegg raised SunPower to "Buy" from "Hold," and increased his price target to $170 per share from $105, which he said reflects his outlook for SunPower's 2009 results. Shares of SPWR lost $9.64 or 7.21% to $124.
DryShips, Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products. As of May 30, 2007, it owned and operated a fleet of 35 drybulk carriers comprising 5 Capesize, 25 Panamax, 3 Handymax, and 2 newbuilding Panamax vessels with a combined deadweight tonnage of approximately 2.9 million.
* Last Wednesday DryShips said it agreed to buy a 2001 built bulk carrier for about $152.3 million that would be delivered during the second quarter of 2008. The Greek company also said it also agreed to sell a 1993 built bulk carrier for $93.9 million, that will be delivered during the first quarter, and realize a related gain of about $62.2 million. Shares of DRYS gained 2% Monday and came off $6.28 or 6.86% the following day.
Gol Linhas Areas Inteligentes S.A. (NYSE:GOL) operates as an airline company in South America and Brazil. It also offers air cargo services and operates an installment payment mechanism.
* UBS downgraded GOL Tuesday from "Neutral" to "Sell." Shares of GOL lost 95 cents or 3.63% to $25.20.
LDK Solar Co., Ltd., (NYSE:LDK) through its subsidiaries, manufactures and sells multicrystalline solar wafers to the manufacturers of solar cells and solar modules in the People's Republic of China and internationally. It offers multicrystalline solar wafers between 180 and 240 microns in thickness.
* Chinese-based solar wafer maker LDK Solar is not planning any refinancing in the short-term, its Chief Executive Peng Xiaofeng told Reuters on Tuesday. A day earlier, LDK soared 29% after the China-based company struck a 10-year supply contract with a German solar-cell manufacturer. Shares lost $1.62 or 2.75% Tuesday.
The daily HIGH FIVE stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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