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Monday 8 June 2015
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Slumping Stocks: ParkerVision, (NASDAQ:PRKR), Western Refining, (NYSE:WNR), Frontier Communications (NASDAQ:FTR), Standard Pacific (NYSE:SPF)

On Monday, ParkerVision, Inc. (NASDAQ:PRKR)’s shares declined -2.82% to $0.383.

ParkerVision, Inc. (PRKR) declared results for the three-months ended March 31, 2015.

First Quarter 2015 Business Highlights and Recent Developments

Argued for reversal of district court ruling of non-infringement and affirmation of district court ruling regarding validity at the U.S. Court of Appeals for the Federal Circuit in ParkerVision v. Qualcomm on May 8, 2015. An audio recording of the hearing can be located at http://www.cafc.uscourts.gov/oral-argument-recordings/search/audio.html.

Received favorable ruling from the Patent Trial and Appeal Board (“PTAB”) denying Inter Partes review petition filed by Farmwald and RPX Corporation against patent #7,496,342.

Received $1.3 million in proceeds from the sale of three warrants to 1624 PV LLC, each for the purchase of 1,884,058 shares of common stock at exercise prices of $1.50, $2.50 and $3.50, respectively.

ParkerVision, Inc. designs, develops, and markets proprietary radio frequency (RF) technologies and products for use in semiconductor circuits for wireless communication products in the United States. The company offers technologies for processing RF waveforms in wireless applications.

Western Refining, Inc. (NYSE:WNR)’s shares dropped -2.67% to $43.74.

Western Refining, Inc. (WNR) declared its Board of Directors approved a $0.34 per share dividend for the second quarter of 2015, a 13% enhance from the $0.30 per share dividend paid in the first quarter of 2015. The dividend will be paid on May 20, 2015, to shareholders of record at the close of market on May 5, 2015.

Western Refining, Inc. operates as an independent crude oil refiner and marketer of refined products. The company operates in four segments: Refining, NTI, WNRL, and Retail.

At the end of Monday’s trade, Frontier Communications Corp (NASDAQ:FTR)‘s shares dipped -2.67% to $5.84.

Frontier Communications Corp (FTR) declared that its Board of Directors has declared a regular quarterly cash dividend payment of $0.105 per share of common stock, payable on June 30, 2015 to holders of record of common stock at the close of business on May 28, 2015.

Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.

Standard Pacific Corp. (NYSE:SPF), ended its Monday’s trading session with -2.65% loss, and closed at $8.07.

Standard Pacific Corp. (SPF) ly declared results for the first quarter ended March 31, 2015.

2015 First Quarter Highlights and Comparisons to 2014 First Quarter

  • Net new orders of 1,571, up 20%; Dollar value of net new orders up 31%
  • Backlog of 2,310 homes, up 15%; Dollar value of backlog up 29%
  • 198 average active selling communities, up 14%
  • 972 new home deliveries, down 2%
  • Average selling price of $482 thousand, up 7%
  • Home sale revenues of $468.4 million, up 5%
  • Gross margin from home sales of 24.2%, contrast to 26.6%
  • Operating margin from home sales of $47.5 million, or 10.1%, contrast to $60.1 million, or 13.4%
  • Net income of $31.6 million, or $0.08 per diluted share, vs. net income of $38.2 million, or $0.09 per diluted share

Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes for various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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