| < |
2008 |
> |
| < |
October |
> |
| |
|
1 |
2 |
3 |
4 |
5 |
| 6 |
7 |
8 |
9 |
10 |
11 |
12 |
| 13 |
14 |
15 |
16 |
17 |
18 |
19 |
| 20 |
21 |
22 |
23 |
24 |
25 |
26 |
| 27 |
28 |
29 |
30 |
31 |
|
|
| M |
T |
W |
T |
F |
S |
S |
Show Recent Entries
|
 |
Universal Joints
We specializes in producing universal joint,u joints , u j crosses , Auto universal joint , Universal joint tools , Joint yoke , Project Univrsal Joints and other automobile components
|
Page 1 of 1Blog Homepage 
Newer Entries «
Older Entries »
|
 |
Yahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Welcome, autoparts_lq
[Sign Out, My Account]Finance Home -Help
Home InvestingMarket OverviewMarket StatsStocksMutual FundsETFsBondsOptionsIndustriesCurrencyEducationNews & OpinionMarketsInvesting IdeasExpert AdviceSpecial EditionsCompany FinancesProvidersPersonal FinanceBanking & BudgetingCareer & WorkCollege & EducationFamily & HomeInsuranceLoansReal EstateRetirementTaxesHow-to GuidesTech Ticker Get QuotesFinance Search New! Find Quotes Faster
You no longer need to remember symbols. Simply type in a company name or stock symbol for instant results.
Learn more... Close x 7811759
Press Release Source: Universal American Corp.
Universal American Corp. Estimates Lower Earnings from Its MemberHealth Part D Plans
Wednesday March 5, 8:45 am ET
Revises 2008 Guidance
RYE BROOK, N.Y.--(BUSINESS WIRE)--Universal American Corp. (NYSE: UAM - News) (the Company) today announced that it has determined that expected operating income for 2008 from its MemberHealth business, which it acquired in September 2007, will be less than previously forecast. Accordingly, the Company is revising its earnings guidance for 2008 to a range of $1.56 to $1.74 per share.
ADVERTISEMENT
The reason for the decline in expected income is that premium payments to MemberHealth will be lower than anticipated based upon the bids submitted by MemberHealth in June 2007 for its 2008 Part D plans. The premium payments are lower primarily as a result of a miscalculation of the risk scores in the MemberHealth bids.
The results of Universal American’s Prescription PathwaySM Part D plans, which it operates in a strategic alliance with CVS/Caremark for the 2008 plan year, are not affected by this bid issue since the revenues and costs associated with the Prescription PathwaySM plans are governed by bids unrelated to the MemberHealth bids.
Ongoing Profitability and Prospects of Part D Business
"Our management and Board of Directors, including members designated by shareholders representing two-thirds of the outstanding shares of the Company, continue to believe strongly in our business model and in the long term viability of our Part D business. We still expect to generate profits from MemberHealth’s Part D business and a substantial overall profit for Universal American for 2008. We remain well-capitalized and are positioned to pursue our plans and strategies. We believe there are meaningful steps we can take to improve MemberHealth’s profitability and minimize the impact of these issues on our company,” said Richard A. Barasch, Chairman and Chief Executive Officer.
Buyback Program
Universal American continues to have in place a $50 million share buyback program. Subject to limitations of the securities laws, the buyback program and the Company’s shareholders agreement, the Board has consented to allowing the Company, its directors and its affiliated investor groups, at their respective discretions, to purchase shares in the open market starting March 6, 2008. The revised guidance does not assume the effect of any potential share repurchase by the Company under this program.
Adjustment of MemberHealth Pre-Acquisition 2007 Pre-Tax Income
Universal American has also learned that MemberHealth incorrectly calculated its expected risk corridor receivable in its first quarter 2007 financial statements, resulting in an overstatement of pre-tax income for the first quarter of 2007 of approximately $26 million. As a result, for the full year of 2007, MemberHealth will receive approximately $34 million less than expected in the final risk corridor reconciliation with Centers for Medicare and Medicaid Services (CMS).
This issue does not affect any of Universal American’s historical financial statements for 2007, including its consolidated statement of operations for the year ended December 31, 2007, or its previously filed balance sheets, except to the extent that receivables decreased and goodwill increased by approximately $23 million, the after-tax amount of the overstatement.
Settlement Agreement
The Company has concluded an agreement under which the sellers of MemberHealth will deliver to the Company approximately $97 million of value, comprising $62.3 million in cash and 2,027,992 Universal American shares. The shares will be retired. Mr. Barasch added, “We believe that we have achieved a fair settlement of the issues surrounding MemberHealth’s results.”
SEC Filings
The incorrect figures for MemberHealth’s first quarter of 2007 resulting from the overstatement of its risk corridor receivable were included in the acquired company financial statements and the Universal American pro-forma financial information included in Amendment No. 2 to the Company’s joint proxy statement and registration statement on Form S-4 filed on July 19, 2007, and were incorporated by reference into Universal American’s current report on Form 8-K filed September 25, 2007. Consequently, Universal American will be filing two new current reports on Form 8-K correcting this information.
Conference Call
Universal American will host a conference call at 9:30 a.m. Eastern Time today, Wednesday, March 5, 2008, to discuss these corporate developments. Interested parties may participate in the call by dialing (706) 679-0770. Please dial in 10 minutes before the scheduled time and ask for the Universal American call. This conference call will also be available live over the Internet and can be accessed at Universal American's website at www.universalamerican.com. To listen to the live call on the website, please go to the website at least 15 minutes early to download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed from the Company's website for approximately 60 days.
About Universal American Corp.
Universal American offers a diverse range of healthcare products -- including health insurance, managed care, and prescription drug benefits -- through its subsidiaries. Its companies are collectively among the leading providers of Medicare Advantage and Medicare prescription drug plans in the U.S. With the acquisition of MemberHealth in September 2007, over 2 million seniors rely on Universal American's products for their health or prescription drug coverage. For more information on Universal American, please visit our website at www.universalamerican.com.
Matters discussed in this news release and oral statements made from time to time by representatives of Universal American may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Universal American believes that the expectations reflected in any forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Universal American's ability to control or predict. Important factors that may cause actual results to differ materially and could impact Universal American and the statements contained in this news release can be found in Universal American's filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. For forward-looking statements in this news release, Universal American claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Universal American assumes no obligation to update or supplement any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact
Add:No.2 Hezhou Rd.Linyu Industrial Zone, Zhenhai District, Ningbo City,Zhejiang,China. WebSite:http://www.autopartslq.com Tel:+86-574-86369968 86362276 Fax:+86-574-86362411 E-Mail:manager@autopartslq.com hellen@autopartslq.com
jerry@autopartslq.com cheney@autopartslq.com
Universal Joints ,Universal Joints , Auto universal joint , Universal joint tools , Joint yoke , Project Univrsal Joints , New Products , Axle Universal joints , Truck Universal Joints , Universal Ball Joints , Precision Universal Joints , Project Univrsal Joint , Constant Velocity Joint , Steel Universal Joints , Heavy Truck Universal Joints , Transmission yoke , Universal Joint Repair kits , Universal Joint Shafts , Farm Universal Joint Repair kits , Flange Yoke , Miniature Universal Joints , OEM Universal Joints , Japan Car Universal Joint , Heavy-duty Universal joint , Stainless Steel Universal Joints , Europe Car Universal Joint , China Car Universal Joint |
Permalink | 0 comments | 0 trackbacks | Post Comment |
 |
Mark Sims of Nanorex, a Foresight participating member, reports that he has completed the first nanomechanical simulation of the Merkle/Drexler universal joint. He used the nanoENGINEER-1 software on a Dell laptop, taking about 24 hours to complete the simulation of a 3,846-atom structure. Mark explains: ¡°A universal joint is a joint in a rigid rod that allows the rod to ¡®bend¡¯ in any direction. It consists of a pair of ordinary hinges located close together, but oriented at 90¡ã relative to each other.¡± The rotary motors connected to the shafts are simulated running at 100 GHz. That¡¯s
宁波原创网络 宁波网站建设 宁波网络公司 宁波网络推广 SEO
kellysearch 海外推广
SEO团队: SEO SEO新闻 SEO资料 SEO博客 SEO下载 SEO案例
SEO服务 SEO论坛
Union Website:die castings investment castings ball bearings Special Bearings Bearings fittings connectors Coupling China manufacturer directory links exchange china die casting J bolts Copper castings
50WEB china markets
JiaHong Clothing Factory Clothes, Clothing, Women's Clothing Clothes Men's Clothing Children's Clothing Work Clothes T Shirts SportsWear Jackets Short Pants
Ningbo Hanshang Hydraulic Co.,Ltd.Hydraulic valves,
Hydraulic Pressure Relief Valves ,
Hydraulic Directional Valves ,
Hydraulic Flow Control Valves ,
Hyperpressure Valves ,
Modula control valves ,
Hydraulic Accessories
NingBo HongYi Machinery Co.,Limited lost wax casting investment casting, zinc die casting,
Investment casting,
Lost wax casting,
Valve castings and pipe fittings,
Construction parts(casting),
Automobile part(Casting),
Excavator parts(casting),
Engineering parts(castings),
Metal machining,
Forging and stamping,
Aluminum castings,
Zinc die castings,
Lost wax investment casting
NINGBO CHUANG HON YI AXLE CO.,LTD.
Ball bearing , Roller bearings , needle roller bearings Deep
groove ball bearing , Nonstandard bearings , Special Bearings Conveyor bearings , Conveyor belt bearings , Electric tool bearings , Fishing gear bearings , Flange bearings , Ceramics ball bearings , Low noise bearings , Motor bearings , Motorcycle bearings , Nylon Bearings , Plane Thrust Ball Bearings , Pneumatic tool bearings , Pulley bearings , Skateboard bearings , Sports instrument bearings , Stainless steel bearings , Needle roller bearing , Tapered roller bearings , Wheelchair bearings
Ningbo Bolang Metal Products Factory. Die Casting,Aluminum Casting diecasting, die casting manufacture
Die Casting Machine ,
Aluminum Die Casting Manufacturer ,
Alloy Casting Die ,
Zinc Die Castings ,
Ningbo SanLing Electronics Co,.Ltd.Connectors ,
Couplings ,
EMT fittings,
couplers cable connectors,
electric metallic tubing,
Ningbo Chilon import and export Co.,Ltd.cutting equipment ,
die cutting machines ,
cutting machines ,
welding tips ,
welding nozzles ,
gas cutting torch
made-cn.org China markets, China Industry News China products,China manufacturers,China suppliers, China producer,China exporters, China manufacturer, China supplier product directory Bearings , Magnets , Needles , Fiberglass , Castings , Compress , Lamps , Winch , Coherer , Rubber , Gear , Spring , Engine , Packer , Valves , Clothing , Electronics , Machinery
LiQun Universal Joints , u joints , u j crosses , Auto universal joint , Universal joint tools , Joint yoke , Project Univrsal Joints
allbolts Bolts ,J bolts , Hot forged bolts , Pole line hardware , Precast lifting system , Bolts Special parts , Super plates , Anchor bolt , U bolts T bolts , Step bolts , Anchor bolt
Cheng-casting Casting , Copper Castings , Copper Castings , Aluminum Castings , Iron Castings , Steel Castings ,
Casting Machining
allsteelcastings Steel castings ,Steel castings , Casting Machining , Cnc machined parts , investment steel casting , Steel Casting Machining , Carbon Steel Castings Automotive Steel Castings , Steel Marine Castings ,
51suppliers Chinese suppliers
fast. ¡ªChristine |
Permalink | 0 comments | 0 trackbacks | Post Comment |
|
Zhejiang Liqun Automobile Parts Manufacturing Co., Ltd. Established in 1990，zhejiang liqun auto parts manufacturing co., ltd has built its name in the market as the most reliable auto parts supplier, specialized in producing universal joint cross assemblies, steering machine assemblies, drive shaft fittings and other automobile components.
With 20 years, on producing, designing and sales, our products widely applied to almost all world famous brand such as benz, caterpillar, volvo, mitsubishi, scania , man ,iveco, nissan. and our U-joints are currently exported to Europe, America and some other regions. Concerning the quality control, we have been applying for the ISO/TS16949 automobile quality management system certificate.
Located in coastal city ---ningbo, in zhejiang province, we enjoy the transportation convenience of sea and air geographically, which enable us to offer competitive low price and best after market service. In October 22nd, 2007,we moved into the brand new building. Covered 12000 square meters and equipped with advanced machines. the quality can be assured by the accurate processing and strict test. We hold the belief that quality is the only key to open the global market.
We seek to cater the needs of business as well as local clients. We are committed to delivering a consistently high level of customer service, offering competitively low prices, and providing high quality auto parts to meet the customer demands. Our mission is to effectively and efficiently serve our customers with the highest quality service and u-joint at an affordable price.
Universal joint for heavy truck is our dominant product, we recommend u-joint for Mercedes, Volvo, Scania and we provided you with vivid pictures for your reference.
As the new year approaching we wish a new start from now on. We sincerely hope that all the customers from abroad and nation can share the benefit with us. Welcome all new and old friend to our company.
Universal Joints ,Universal Joints , Auto universal joint , Universal joint tools , Joint yoke , Project Univrsal Joints , New Products , Axle Universal joints , Truck Universal Joints , Universal Ball Joints , Precision Universal Joints , Project Univrsal Joint , Constant Velocity Joint , Steel Universal Joints , Heavy Truck Universal Joints , Transmission yoke , Universal Joint Repair kits , Universal Joint Shafts , Farm Universal Joint Repair kits , Flange Yoke , Miniature Universal Joints , OEM Universal Joints , Japan Car Universal Joint , Heavy-duty Universal joint , Stainless Steel Universal Joints , Europe Car Universal Joint , China Car Universal Joint |
Permalink | 0 comments | 0 trackbacks | Post Comment |
[1] |
|
|
