Moving and Storage Business News

The News Review:

- West coast company makes move to Indiana Co.
- EMC Does an Expensive Deal
- A Refinery Clears the Air to Grow Roses
- Data analytics key for winning Indian cos
- … Notice From Nasdaq Due to Late Filing of Form 10-K – Company…
- Q4 2006 Handleman Company Earnings Conference Call – Final.

West coast company makes move to Indiana Co.
Blairsville Dispatch – Jun 30, 2006
-based ABC School Equipment, Inc. will be moving a branch facility to Indiana County, thanks to a revolving loan fund approved at Wednesday morning’s meeting of the Indiana County Commissioners… The commissioners agreed to apply for a state Growing Greener grant of $100,000 to help the Pennsylvania-American Water Company in its online research. With the funding, the company plans to merge technology so that any data it generates will be made available online to the public and other organizations. The company, which operates a Two Lick Creek filtration plant, is working with what was described as a “very secure data storage company,” and a wireless provider. Also, an analyzer and early alert system will allow Pennsylvania-American to more easily monitor its water supply, to make sure it has not been contaminated accidentally or intentionally.

EMC Does an Expensive Deal
Motley Fool – Jun 30, 2006
Now, I’ll admit that I almost always think software stocks look expensive, but even my buddies in hedge fund-land who focus on software think that EMC really paid up for this company. Even granting EMC management’s claims that there was active bidding competition for RSA, they paid a 65% premium to the 50-day moving average and a 74% premium to the 200-day average. So why buy RSA? Well, for starters, EMC had long since identified security as a billion-dollar business possibility. What’s more, management claims that customers have been telling them that they want built-in security with their storage systems. And if they don’t do it, perhaps IBM (NYSE:.

A Refinery Clears the Air to Grow Roses
New York Times – Jun 30, 2006
The industry’s involvement in the debate is clouded by suspicions that oil companies, even as they seek to develop alternative and renewable sources of energy, are also heavily investing in resources that are dirtier and more polluting than crude oil. While some environmentalists continue to question the industry’s motives, many oil executives say that they now recognize that to sustain the industry over the long run they need to help mitigate carbon emissions and other harmful pollutants from their operations. For years, oil companies would not talk about the impact of their business on the environment. That many are even acknowledging the link between fossil fuels and climate change is a measure of how far they have come over the last decade. “It is urgent to act,” Thierry Desmarest, the chief executive of Total, the French oil company, said during a recent breakfast at the Four Seasons Hotel in Manhattan. “Carbon is what poses the biggest problem. “Climate experts estimate that overall carbon emissions from fossil fuels must be cut at least in half by 2050 to stabilize their effect on global warming… The company is planning such projects, each costing about $1 billion, in California and in Scotland. Few companies have invested much into that technology, but with many countries mandating lower carbon emissions, that attitude may change. “The oil industry has the know-how to do geological storage,” said Stephen Bachu, a senior adviser for the Alberta Energy and Utilities Board. “If you ask why it is not done, that is because there is no reason to do it. Either the oil industry will make a profit, and that is why you see carbon dioxide in enhanced oil recovery projects, or the oil companies will do it to avoid paying a penalty. ” In the end, experts say, the oil industry may respond only when governments force change. For now, governments are relying mostly on subsidies, but the ultimate answer, they say, probably lies in some form of taxation of carbon emissions that puts a system of carrots and sticks to work to limit global warming.

Data analytics key for winning Indian cos
Economic Times – Jun 30, 2006
?Till now (analytics)
was mostly query and reporting,? admits SAS?s Russell. ?Now
there?s a focus that helps understand the business rather than automate
mundane tasks. ?

And
though a lot of the data storage is being driven by regulatory requirements,
Russell says those companies need to move beyond and start looking for more
positive trends that can be uncovered. For instance European firms are already
using analytics to justify their big IT
expenditures. Companies also
need to move from a simple ?Yes-No? answer to a ?how
much? type of decision that incorporates a variety of other dimensions
from customer data. The next big step is online analytics, which banks like
ICICI are already doing. This means that if a customer whose purchases are
exceeding his credit limit swipes his card at an outlet, the system crunches
through the customer?s historical data to arrive at whether to give the
extra credit, right on the spot.

… Notice From Nasdaq Due to Late Filing of Form 10-K – Company…
Free with registration – PR Newswire – AccessMyLibrary.com – Jun 30, 2006
Nasdaq Marketplace Rule 4310(c)(14) requires the Company to make on a timely basis all filings with the Securities and Exchange Commission, as required by the Securities Exchange Act of 1934, as amended. AMCC will appeal the Nasdaq Staff’s determination by requesting a hearing before the Nasdaq Listing Qualifications Panel, which will automatically.

Q4 2006 Handleman Company Earnings Conference Call – Final.
Free with registration – Fair Disclosure Wire – AccessMyLibrary.com – Jun 30, 2006
On the call with us this morning is Stephen Strome, Chairman and CEO of Handleman Company; and Thomas Braum, Senior Vice President and CFO. Steve will provide a brief overview of the results and discuss the Company’s strategy of moving forward. Tom will review operating results for both the quarter and fiscal year. Management will be available for questions after our prepared statements. Let me remind you that certain statements made during the conference call and the question-and-answer period to follow may relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities and Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company in the future to be materially different from the statements that the Company’s executives may make today… STEPHEN STROME, CHAIRMAN AND CEO, HANDLEMAN COMPANY: Thank you, Greg, and good morning. Before the market opened today, we announced our fourth quarter and fiscal year 2006 results. As you may recall, last year we established a policy whereby the Company does not release fiscal year-end results until its annual audit is complete and its Form 10-K is ready to be filed. The finalization and timing of this year’s audit was somewhat impacted by the need to audit the acquisition and operating results of two companies we acquired during the year, REPS and Crave. I can tell you that our audit is now complete and our Form 10-K will be filed later today. Now turning to our earning results. Let me say that the results for both the quarter and for the fiscal year were very disappointing.