3Q'11 Results for Cray, LookSmart, StemCells, Trimble Navigation

Cray (CRAY) closed yesterday 02011.11.01 at $6.17. 52-week range: $4.96 - $8.38. Cray reported 3Q'11 results after the market closed. The "Outlook" section of the company's press release ended with "Actual results for any future period are subject to large fluctuations given the nature of Cray's business." That's an understatement. Peter Ungaro, Cray's president and CEO, was quoting saying: "I'm excited about where we're headed." The following is a news item that I had not seen: "In August, Cray signed a contract to deliver a multi-cabinet Cray XE6 supercomputer to ExxonMobil, marking a significant return to the energy segment for Cray." I'm 99.999% sure that CRAY will either open up or down today.

LookSmart (LOOK) closed yesterday 02011.11.01 at $1.35. 52-week range: $1.25 - $2.48. In a nutshell, LookSmart is still in business. From the 3Q'11 press release: "The Company ended the quarter with $25.6 million in cash, cash equivalents, and investments, compared to $26.9 million at December 31, 2010. The decrease in cash includes $0.9 million in restructuring charges." Cash per share at the end of 3Q'11 is approximately $1.48.

StemCells (STEM) closed yesterday 02011.11.01 at $1.97. 52-week range: $1.70 - $12.70. Martin McGlynn, President and CEO, said: "[...] we are making real progress in containing our expenses and cash burn." And this is "real progress" that was really needed. A highlight of the quarter? "In July 2011, we received notification from The NASDAQ Stock Market that we had regained compliance with the minimum bid price requirement needed to continue listing on the NASDAQ Global Market." Big whoop! The company needed to execute 1:10 stock split to accomplish this. Owning STEM is a serious LOF (Leap Of Faith).

Trimble Navigation (TRMB) closed yesterday 02011.11.01 at $38.58. 52-week range: $31.88 - $52.30. I thought the company reported solid 3Q'11 results. "The third quarter results confirmed that Trimble can continue to grow under the current economic conditions," said Steven W. Berglund, Trimble's president and CEO. The 3Q'11 press release stated: "Effective Oct. 28, 2011, Trimble's Board of Directors approved a $100 million stock repurchase program."

Today (02011.11.02) Level 3 Communications (LVLT) and Nanosphere (NSPH) report 3Q'11 results.