Social Media Stock News; Something to YELP about in Social Media Stocks

New York, NY - August 3, 2012 (InvestorIdeas.com Newswire) Investorideas.com staff reports on tech stocks. InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks and social media stocks, reports on recent trading and news for YELP (NASDAQ:YELP). On Wednesday after the bell, the Company reported its second quarter results. In Thursday's trading session the stock gained 17%.

The stock is still rallying in this morning's trading with a morning high of $23.35. The stock has pulled back but is still in the green for investors. YELP (NASDAQ:YELP). and Linkedin.com (NASDAQ: LNKD) are both showing investors that there are still gains to be made in the sector, following the disappointment of Facebook's entrance to the market.
Second Quarter Summary:

• Net revenue was $32.7 million in the second quarter of 2012, reflecting 67% growth in net revenue from the second quarter of 2011
• Cumulative reviews grew 54% year over year to more than 30 million
• Average monthly unique visitors grew 52% year over year to more than 78 million*
• Active local business accounts grew 113% year over year to approximately 32,000

Net loss in the second quarter of 2012 was $(2.0) million or $(0.03) per share, compared to a net loss of $(1.2) million, or $(0.08) per share, in the second quarter of 2011. Adjusted EBITDA for the second quarter of 2012 was approximately $1.6 million, compared to $649,000 for the second quarter of 2011.
About Yelp:
Yelp Inc. connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp communities have taken root in major metros across the US, Canada, UK, Ireland, France, Germany, Austria, The Netherlands, Spain, Italy, Switzerland, Belgium, Australia, Sweden, Denmark, Norway and Finland. Yelp had a monthly average of approximately 71 million unique visitors in Q1 2012.** By the end of the same quarter, Yelpers had written approximately 27 million rich, local reviews, making Yelp the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists. Yelp's mobile applications were used on approximately 6.3 million unique mobile devices on a monthly average basis during Q1 2012.
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Tech Stock Trading News Alert; Big Moves for Microtechnology Stock (NASDAQ:ESIO) on Earnings News

New York, NY - July 26, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for Electro Scientific Industries Inc. (NasdaqGS :ESIO), trading up at $13.28, gaining $2.50 or 23.19% as of 11:45AM EDT. The Company reported first quarter earnings yesterday on the bell.
Revenue in the first quarter was $59.0 million, compared to $45.5 million in the fourth quarter of 2012 and $77.0 million in the first quarter of last fiscal year. On a GAAP basis, net loss was $0.9 million or $0.03 per share, compared to a loss of $7.7 million or $0.26 per share in the prior quarter. On a non-GAAP basis, first quarter net income was $1.9 million or $0.06 per diluted share, compared to a loss of $1.9 million or $0.06 per share in the fourth quarter of fiscal 2012 and income of $7.9 million or $0.27 per diluted share in the first quarter of fiscal 2012.
About ESI
ESI is a leading supplier of innovative, laser-based manufacturing solutions for the microtechnology industry. Our systems enable precise structuring and testing of micron to submicron features in electronic devices, semiconductors, LEDs and other high-value components. We partner with our customers to make breakthrough technologies possible in the microelectronics, semiconductor and other emerging industries. Founded in 1944, ESI is headquartered in Portland, Ore., with global operations from the Pacific Northwest to the Pacific Rim. www.esi.com.
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Tech Stock Trading Alert; Riverbed Technology (RVBD) Soars on Second Quarter Results

New York, NY - July 25, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for Riverbed Technology, Inc. (NasdaqGS :RVBD), trading up at $18.28 , gaining $ 3.73 or 25.64% as of 11:51AM EDT on over 13 Million shares. The Company reported Second Quarter results at the close yesterday.

GAAP revenue for Q2'12 was $198 million, an increase of 9% compared to $182 million in the first quarter 2012 (Q1'12) and an increase of 17% compared to $170 million in the second quarter 2011 (Q2'11). GAAP net income for Q2'12 was $18 million, or $0.11 per diluted share, compared to $7 million, or $0.04 per diluted share, in Q1'12 and $11 million, or $0.07 per diluted share, in Q2'11.
Non-GAAP revenue for Q2'12 was $199 million, an increase of 9% compared to $183 million in Q1'12 and an increase of 17% compared to $170 million in Q2'11. Non-GAAP net income for Q2'12 was $37 million, or $0.23 per diluted share, compared to $33 million, or $0.20 per diluted share, in Q1'12 and $35 million, or $0.21 per diluted share in Q2'11.
"We executed well in the second quarter, driving stronger sales of our new Steelhead and Cascade platforms, demonstrating continued demand for performance-improvement technologies," said Jerry M. Kennelly, Riverbed president and CEO. "Revenue grew across all major geographies and revenue growth accelerated across our core product offerings. Looking forward, we believe our expanded product offerings and partnerships will further extend our reach to new customers and market segments."
About Riverbed Technology
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. www.riverbed.com
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TSX Tech Stock News; Q&A with TSX Technology Stock: SelectCore (TSX-V: SCG) Discusses Recent Contract with City of Toronto

New York, NY - July 24, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock Q&A interview with Mr. Bryan Kenyon, Executive Vice President Financial Services, SelectCore Ltd. (TSX-V: SCG).

Mr. Kenyon discusses the Company's recent contract with the City of Toronto and what's next for one of Canada's fastest-growing companies.
Q: Investorideas.com staff
Mr. Kenyon, your Company just announced the details of a multi-year contract with the City of Toronto for the issuance of prepaid payment cards, with the first phase of the roll out for Toronto Employment and Social Services (TESS) for the delivery of Social Assistance disbursements. Can you give investors the significance of this contract in context of the services it provides?
A: Mr. Bryan Kenyon, Executive Vice President
This contract is a big step forward for social assistance recipients and the City of Toronto. The City Services Benefit Card is the first of its kind EMV (chip and PIN), instant-issue prepaid card program to be launched in North America. The introduction of the card replaces the need to produce paper cheques, resulting in significant cost savings for the City as well as for recipients who will no longer have to incur expensive cheque-cashing fees. This contract is very significant for SelectCore in the fact that having completed this highly complex implementation, we now have the technology, infrastructure, capabilities and expertise to deliver turn-key or completely customized check-replacement programs to any government agency in Canada.
Q: Investorideas.com staff
What is the potential revenue stream from this contract and over what period?
A: Mr. Bryan Kenyon, Executive Vice President
The potential high-margin revenue for the initial three-year period of the contract is estimated to be in the $15 million to $18 million dollar range.
Q: Investorideas.com staff
Do you see Federal Governments as potential clients and if so, what is the process for procuring contracts at that level?
A: Mr. Bryan Kenyon, Executive Vice President
We clearly see Federal Governments and the entire public sector as an emerging market for our prepaid payment solutions. Similar to the City of Toronto contract, we expect to competitively bid in various RFP processes initiated by not only federal, but also provincial and local government agencies. We intend to showcase our expertise and differentiated capabilities for delivering robust, cost effective and cardholder-friendly programs.
Q: Investorideas.com staff
Who is your competition in the marketplace and what are your competitive advantages?
A: Mr. Bryan Kenyon, Executive Vice President
Although the Canadian market for prepaid card programs is still in early growth stages, we do have a small number of companies that compete in our space. SelectCore however is well-positioned to compete in this market as we have a host of competitive advantages including first to market solutions and the experience necessary to help corporate clients and government agencies alike adopt prepaid card programs. Our platform is highly secure, reliable and has the flexibility to meet the demands of virtually any prepaid scenario. As a nimble organization, we are optimally suited to compete on price, service and product features and functionality.
About SelectCore
SelectCore Ltd. (TSX-V: SCG) is a pioneer and leader in prepaid payment solutions for underserved markets. Founded in 1999, the Company offers a range of prepaid products and services from stored-value cards to mobile top-up that provide financial empowerment to a market of millions of under-banked consumers. SelectCore has been ranked among Canada's fastest growing companies by Profit Magazine four times in the past six years and was included in the 2011 Deloitte Technology Fast 500 list of North America's fastest-growing technology companies. For more information visit www.selectcore.com .
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Tech Stock Trading News Alert; CSR (NASDAQ:CSRE) Leads NASDAQ Top Percentage Gainers

New York, NY - July 17, 2012 (InvestorIdeas.com Newswire) Investor Ideas, www.InvestorIdeas.com, a global investor research portal for independent investors, issues a tech stock trading alert for CSR plc (LSE: CSR; NASDAQ: CSRE), the top percentage gainer in morning trading in the NASDAQ. The stock is trading at $18.10, gaining $ 4.54 or 33.48% on relatively light volume of 78,000 shares.
The Company reported news today of a proposed transfer of CSR's Handset connectivity and location development operations and technology to Samsung for US$310 million in cash.
About CSR
CSR is a global provider of innovative silicon and software solutions for the location-aware, media-rich, cloud-connected world. Our platforms are optimised for the automotive navigation and infotainment, digital cameras and imaging, connected home infotainment and wireless audio markets. We provide solutions to complex problems in the audio-visual, connectivity and location technology domains across a broad range of markets, with a technology portfolio that includes GPS/GNSS systems, Bluetooth®, Wi-Fi®, FM, NFC, aptX® and CVCTM audio codecs, JPEG, MPEG, H.264 imaging, PDL printing, microcontrollers, DSPs and broadband receivers. CSR's technology solutions and market platforms enable its customers to deliver a superior user experience and are adopted by leaders in the auto, computer, home and mobile markets. www.csr.com
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Small Cap Tech Stock Spare Backup (OTCBB: SPBU) Reports it Reduces Liabilities by $1 Million

MINDEN, Nev. - July 10, 2012 (Investorideas.com Newswire) Small cap tech stock news update: Spare Backup Inc.(OTCBB: SPBU), a provider of data backup and security software for smartphones, tablets and PCs, which is carrier and manufacturer agnostic, reports it has reduced its outstanding liabilities by approximately $1 million dollars in the third quarter of 2012 as management has begun an extensive review of certain accounts payable and other obligations of the company. Management believes there will be additional reductions in overall liabilities including the elimination of certain aged payables and renegotiation of others which will help to strengthen its balance sheet in the coming quarters.

"Our team is working diligently to place Spare Backup on more solid financial ground as we support the extensive launch of our service in North America and Europe." commented Cery Perle, CEO of Spare Backup, "Our initial review in conjunction with legal counsel has led to the elimination of approximately $1 million dollars in legacy items and we are currently reviewing a number of additional items which we believe will lead to a further reduction in liabilities. We are confident that through these measures and through our aggressive rollout, we will be able to achieve our growth targets and build a profitable future for our company and its stockholders."
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup's software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user's choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warranty service partners in North America and Europe.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Forward Looking Statements:
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in Spare Backups filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT
Investor Contact:
Kevin Fickle, President
NUWA Group, LLC
415.525.8275
kevin@nuwagroup.com
Published at Investorideas.com
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: A third party on behalf of SPBU compensated Investorideas.com for news release publishing and distribution: three thousand five hundred per month and four hundred thousand 144 shares for a six month period
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Spare Backup (OTCBB: SPBU), Provider of Data Backup and Security Software for smartphones, tablets and PCs, Reduces Liabilities by $1 Million for Third Quarter

MINDEN, Nev. - July 10, 2012 (Investorideas.com Newswire) Spare Backup Inc.(OTCBB: SPBU), a provider of data backup and security software for smartphones, tablets and PCs, which is carrier and manufacturer agnostic, today announced that Spare Backup has reduced its outstanding liabilities by approximately $1 million dollars in the third quarter of 2012 as management has begun an extensive review of certain accounts payable and other obligations of the company. Management believes there will be additional reductions in overall liabilities including the elimination of certain aged payables and renegotiation of others which will help to strengthen its balance sheet in the coming quarters.

"Our team is working diligently to place Spare Backup on more solid financial ground as we support the extensive launch of our service in North America and Europe." commented Cery Perle, CEO of Spare Backup, "Our initial review in conjunction with legal counsel has led to the elimination of approximately $1 million dollars in legacy items and we are currently reviewing a number of additional items which we believe will lead to a further reduction in liabilities. We are confident that through these measures and through our aggressive rollout, we will be able to achieve our growth targets and build a profitable future for our company and its stockholders."
About Spare Backup, Inc.
Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup's software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user's choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warranty service partners in North America and Europe.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the possibility of unknown factors, as well as other factors beyond the control of the company, actual results may differ materially from the expectations expressed in the forward-looking statement. An investment in our common stock involves a significant degree of risk. You should not invest in our common stock unless you can afford to lose your entire investment. You should consider carefully all risk factors and other information in our annual report and quarterly filings before deciding to invest in our common stock. If any of the following risks and uncertainties develops into actual events, our business, financial condition or results of operations could be materially adversely affected and you could lose your entire investment in our company.
Forward Looking Statements:
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in Spare Backups filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT
Investor Contact:
Kevin Fickle, President
NUWA Group, LLC
415.525.8275
kevin@nuwagroup.com
Published at Investorideas.com
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: A third party on behalf of SPBU compensated Investorideas.com for news release publishing and distribution: three thousand five hundred per month and four hundred thousand 144 shares for a six month period
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894