May 30th

The Wet Seal, Inc. Announces First Quarter 2008 Results and Introduces Second Quarter 2008 Guidance

The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to young women, announced results for its fiscal first quarter ended May 3, 2008, and introduced guidance for the second quarter of fiscal 2008.

For the first quarter:

* Net sales for the 13-week period ended May 3, 2008, were $142.4 million compared to net sales of $138.0 million for the 13-week period ended May 5, 2007.

* Consolidated comparable store sales decreased 7.5%. Comparable store sales for Wet Seal decreased 3.3% and for Arden B decreased 21.6%.
Read more: The Wet Seal Inc ( WTSLA )
May 30th

Wind River Reports Strong First Quarter Fiscal Year 2009 Results

Wind River Systems, Inc. (NASDAQ: WIND), the global leader in Device Software Optimization (DSO), today reported results for the first quarter of fiscal year 2009, ended April 30, 2008. Revenues for the first quarter of fiscal 2009 were $87.9 million, compared with $78.0 million reported in the first quarter of fiscal 2008, an increase of 13 percent.

GAAP Results: Net income for the first quarter of fiscal 2009 was $0.3 million, compared to a net loss of $(4.6) million in the first quarter a year ago. Net income per diluted share for the quarter was $0.00, compared to a net loss per diluted share of $(0.05) in the first quarter a year ago.
Read more: Wind River Systems Inc ( WIND )
May 30th

Marvell Technology Reports First Quarter Results

$804M Revenues for First Quarter, Up 27 Percent on Prior Year; GAAP Net Income of $70 Million

Marvell Technology Group Ltd. (Nasdaq: MRVL - News), a leader in storage, communications and consumer silicon solutions, today reported financial results for the first fiscal quarter, ended May 3, 2008.

Net revenue for the first quarter of fiscal 2009 was $804 million, an increase of 27 percent over $635 million in the first quarter of fiscal 2008, ended April 28, 2007, and a 5 percent sequential decline from $845 million in the fourth quarter of fiscal 2008, ended February 2, 2008.
Read more: Marvell Technology Group Ltd ( MRVL )
May 30th

Quanta Announces Agreement to be Acquired By Catalina Holdings (Bermuda) Ltd. for $2.80 per Share in Cash

Quanta Capital Holdings Ltd. (NASDAQ: QNTA) announced today that it has entered into a definitive amalgamation agreement with Catalina Holdings (Bermuda) Ltd. and Catalina Alpha Ltd. Pursuant to the amalgamation agreement, Catalina will acquire Quanta in a transaction valued at approximately $197 million. At the closing of the proposed amalgamation, holders of the common shares of Quanta will receive $2.80 per share in cash, which represents a 55% premium to the volume-weighted average sale price per share over the 30 calendar days ending May 29, 2008.

Completion of the transaction is contingent upon customary closing conditions, including the approvals of the common shareholders of Quanta, as well as various regulatory approvals and notices. There is no financing contingency to the transaction. The transaction is expected to close in the last quarter of 2008.
Read more: Quanta Capital Holdings Ltd ( QNTA )
Oro Gold Resources Ltd. (“Oro Gold”) (TSX-V: OGR) is pleased to report a 119% increase in the inferred resource at its 100-per-cent-owned Trinidad property. A recently completed 8,300 metre drill program increased the inferred resource from 91,915 ounces (1,624,400 tonnes at 1.76 g/t gold) to 200,930 ounces of gold (4,491,800 tonnes at 1.39 g/t gold), both inferred resources reported at a 0.5 g/t gold cut-off. Assay results of 70 core and reverse circulation drill (RC) holes completed by Oro Gold were included in the updated resource model.

The increase in the gold resource is based on discovering new gold-bearing zones outside of the Taunus open pit, and expanding zones that were not completely closed-off by the previous operator, Eldorado Gold Corp.
Read more: Oro Gold Resources Ltd ( OGR )