www.PicksThatMove.com: "Picks that move" Alerts, August 19, 2009: SAP, ACN, LNC, LEI, ITI and ANO.
Friday, Aug 21,2009, 2:27:31 PM Click:
Picksthatmove.com Alerts include SAP AG (NYSE: SAP); Accenture (NYSE: ACN); Lincoln (NYSE: LNC); Lucas Energy, Inc. (NYSE Amex:LEI); Iteris, Inc. (NYSE Amex: ITI) and Anooraq Resources Corporation (TSXV: ARQ; AMEX: ANO)
-- August 19, 2009 SAP AG (NYSE: SAP) trading at $26.86 on a volume of 264,843 shares.
In a press release out on August 19, 2009 SAP(R) BusinessObjects(TM) Business Intelligence Solutions Provide Makosi Consultants With Insight to Improve Efficiency and Client Service
International Project Management Firm Uses Xcelsius(R) Software to Reduce Broker-Dealers' Exposure to Billions of Dollars in Credit Default Swap Obligations
NEW YORK, Aug 19, 2009 -- SAP AG (NYSE: SAP) today announced that Makosi, an international project management firm, is using SAP(R) BusinessObjects(TM) business intelligence (BI) solutions to provide better visibility into its work with global financial institutions. Makosi uses Xcelsius(R) software, the SAP dashboarding and data visualization solution, to help its clients identify trading compliance risks and flag those that are most immediate and severe. In doing so, it has helped large broker-dealers reduce their exposure to billions of dollars of liabilities and comply with federal electronic-filing regulations. Xcelsius helped enable Makosi to better manage its own teams of consultants, prioritize tasks, cut back on manual processes and increase productivity.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 89,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP."
-- August 19, 2009 Accenture (NYSE: ACN) trading at $36.43 on a volume of 1.35M shares
In a press release on August 19, 2009 Accenture and RSA Expand Existing Application Outsourcing Agreement
Accenture will implement Accenture Insurance Solution across RSA UK's personal lines business
LONDON, Aug 19, 2009 -- Accenture (NYSE: ACN) has expanded its existing application outsourcing agreement with RSA to include implementation of the Accenture Insurance Solution -- Accenture's property and casualty product and policy management system -- across RSA UK's personal lines business to help the insurer drive growth in this important sector.
About Accenture
Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With approximately 177,000 people serving clients in more than 120 countries, the company generated net revenues of US$23.39 billion for the fiscal year ended Aug. 31, 2008. Its home page is www.accenture.com.
-- August 19, 2009 Lincoln (NYSE: LNC) trading at $23.32 on a volume of 2.84M shares.
In a press release out on August 19, 2009 Lincoln to Sell Asset-Management Unit to Australia's Macquarie Group for $428 Million
PHILADELPHIA, Aug 19, 2009 -- U.S.-based life insurer Lincoln National Corp. plans to sell its Delaware Investments asset-management unit to Macquarie Group, an Australian financial services company, for US$428 million.
Under the terms of the deal, Macquarie said it will pay the Philadelphia-based Lincoln (NYSE: LNC) in cash to buy the businesses and assets of Delaware, subject to a purchase price adjustment at closing. The transaction, which requires regulatory approvals, is expected to close around the end of this year.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $181 billion as of June 30, 2009. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries; and Lincoln UK. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.
-- August 19, 2009 Lucas Energy, Inc. (NYSE Amex:LEI) trading at $0.74 on a volume of 53,300 shares.
In a press release out on August 19, 2009 Lucas Energy, Inc. Norris No.1
HOUSTON, Aug 19, 2009 -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company (the "Company") based in Houston, Texas, today announced the commencement of drilling the Norris No.1 well, Gonzales County, Texas, a re-entry of a vertical Austin Chalk well originally drilled down to the Buda and Georgetown formations.
About Lucas Energy
Lucas Energy, Inc. (AMEX:LEI) is a Texas based independent crude oil and gas company that indentifies, evaluates and acquires oil and gas property interests, primarily in the Austin Chalk formation of South Texas ,that are underperforming or have been shut-in or plugged and abandoned. These properties are revitalized by undertaking extensive re-entry and work-over procedures, including clean-up, repairs and treatments of the existing well bores and lateral extensions, as well as extending or drilling new laterals into previously nonproducing areas of the formation. By utilizing tight field and operating management controls, together with having a comprehensive understanding of the production characteristics of the Austin Chalk, the Company believes that it can increase reserves, improve production and maximize cash flow while avoiding most of the high risks of typical exploration projects.
-- August 19, 2009 Iteris, Inc. (NYSE Amex: ITI) trading at $1.24 on a volume of 50,920 shares.
In a press release out on August 19, 2009 Iteris, Inc. to Present at Kaufman Bros. 12th Annual Investor Conference in New York City
To Discuss Strategy and Technology at Presentation on September 9, 2009 --
SANTA ANA, Calif., Aug 19, 2009 -- Iteris, Inc. (NYSE Amex: ITI), today announced that Abbas Mohaddes, the company's chief executive officer, will present at the Kaufman Bros. 12th Annual Investor Conference at the W Hotel New York in New York City. Iteris is scheduled to present on September 9 at 4:30 p.m. (EDT) in the Arbor Room, and will be available for one-on-one sessions throughout the day.
About Iteris, Inc.
Iteris, Inc. is a leader in the traffic management market focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure. Combining outdoor image processing, traffic engineering, and information technology, Iteris offers a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide. Iteris is headquartered in Santa Ana, California with offices throughout North America, Europe, and Asia. Investors are encouraged to contact us at 888-329-4483, or at www.iteris.com.
-- August 19, 2009 Anooraq Resources Corporation (TSXV: ARQ; AMEX: ANO) trading at $2.67 on a volume of 54,700 shares
In a press release out on August 19, 2009 Anooraq Announces Second Quarter 2009 Results
VANCOUVER, Aug 19, 2009 -- Anooraq Resources Corporation ("Anooraq" or the "Company") (TSXV: ARQ; AMEX: ANO; JSE: ARQ) announces its financial results for the six months ended June 30, 2009.
Anooraq's objective is to become a significant "mine to market" PGM company with a substantial and diversified PGM asset base including production, development and exploration assets. The Lebowa acquisition is the first stage of advancing the Company's PGM production strategy and has resulted in the Company controlling refined production of 147,600 ounces of platinum, palladium, rhodium and gold (based on 2008 production at Lebowa from 1.1 million tonnes of ore milled) and a significant mineral resource base - the third largest PGM mineral resource base in South Africa. Management will therefore be investing significant time, energy and resources in focusing on improving operating efficiencies at Lebowa during the forthcoming quarters.
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