CRWEFinance.com Stock Report 11/03/09 NOK, RBA, CSRH

Posted on 11/3/2009 3:54:00 PM in #Stocks | 0 comments comments

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Nokia Siemens Networks (NYSE: NOK) today announced its plan to improve financial performance and return to growth. The plan includes reorganizing the company's business units to better align with customer needs; extensive operating expense and production overhead reduction, including a global personnel review; ongoing purchasing savings; expanded partnering to ensure a full portfolio of world-class products and services; and potential acquisitions where assets would add scale to existing product areas or customer relationships.

Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) announces net earnings for the nine months ended September 30, 2009 of $71.6 million, or $0.68 per diluted share, and adjusted net earnings of $71.0 million, or $0.67 per diluted share. This represents adjusted earnings per share growth of over 7% compared to adjusted net earnings of $66.3 million, or $0.63 per diluted share, for the first nine months of 2008. Adjusted net earnings is a non-GAAP financial measure and is defined below. Financial statement net earnings for the first nine months of 2008 were $74.3 million, or $0.70 per diluted share. The Company conducted 138 industrial auctions in 12 countries throughout North America, Europe, the Middle East, Central America, Asia and Australia during the first nine months of 2009, and set eight regional gross auction proceeds records. During the quarter, the Company held its first ever auction in India and held its first auction in Panama since 1999. All dollar amounts in this release are presented in United States dollars.

Consorteum Holdings, Inc. (OTCBB: CSRH) is pleased to announce a corporate update with respect to its business activities. Over the course of the past 60 days, several meetings and presentations have occurred between the Company's management and various corporations, private and public, to further the development of the company’s Card Programs, Merchant Discount Rates and new Joint Venture business relationship. As a result of these meetings, we have identified several new key business opportunities that will lead to increased revenues in 2010-2011.

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