Laptop Battery By Armando Duke
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Thinkpad (AXcess News) Las Vegas - VendingData Corp. (AMEX: VNX), a manufacturer and distributor of products for the gaming industry, released its third quarter results Friday that Mark Newburg, VendingData's president, says shows the Vegas-based company is on track to become profitable by the first quarter of next year.
With the laptop market growth or the optical media revolution, many computers do not incorporate floppy disk drive anymore.
Microsoft VendingData reportedrevenue for the period of $319,000, before sales returns and allowances of $20,000, compared to gross revenues of $1.1 million for the second quarter of 2005. The company said it incured a net loss of $5.9 million or ($0.35) per share versus a net loss of $3.2 million or ($0.19) per share for the second quarter 2005.
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Laptop Computers The sequential increase in net loss over the prior quarter was primarily due to an increase in inventory write-off of approximately $2 million, a decrease in gross margin dollars due to fewer products available for sale, an increase in interest expenses, and an increase in research and development expenses as the Company initiated version upgrades on its shuffler line during the quarter.
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Laptop Computer VendingData reported a 61% drop in the cost of sales, mostly attributed to fewer sales due to fewer products offered for sale. Though the Company says that it is shifting manufacturing to China and hopes to reduce costs even more once that move is completed. No detail were given on that.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Desktop Computer Cash and equivalents on September 30, 2005 were $443,000 compared to $2.8 million at June 30, 2005. But Newburg's company managed to obtain a $5 million one-year borrowing facility at a rate of 9%on October 6, 2005 and if Neburg and his management team can pull it off (profitibility by the first quarter), that capital line may be sufficient to see VendingData through.
Notebooks Apparently investors think its got a chance, pushing the shares of the turn-around gaming products companyup Friday 10 cents, or 3.3 percent at $3.11, near its 52-week hi of $3.30 VendingData hit in late October.
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