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	<title>Stock Blog Hub &#187; Bally Technologies</title>
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		<title>(IGT) International Game Technology Misses Fourth Quarter Forecast &#8211; Revenue Slips</title>
		<link>http://www.stockbloghub.com/2010/11/25/igt-international-game-technology-misses-fourth-quarter-forecast-revenue-slips/58776</link>
		<comments>http://www.stockbloghub.com/2010/11/25/igt-international-game-technology-misses-fourth-quarter-forecast-revenue-slips/58776#comments</comments>
		<pubDate>Fri, 26 Nov 2010 04:34:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=58776</guid>
		<description><![CDATA[International Game Technology (IGT) announced fourth quarter 2010 earnings of 18 cents excluding one-time items, missing the Zacks Consensus Estimate by a penny, primarily attributable to sluggish revenue growth from gaming operations. On a GAAP basis, earnings were 7 cents in the fourth quarter of 2010. Earnings increased 11.8% year over year to 85 cents in fiscal 2010, beating the Zacks Consensus Estimate by a penny. On a GAAP basis, earnings escalated 44.2% to 62 cents. Operational Performance Net income margin was 10.7% in the quarter as compared with 10.5% in the prior- year quarter. GAAP results were negatively impacted by 9 cents per share ($21.0 million) of investment losses due to changes in agreements with China LotSynergy Holdings Limited and $11.0 million for impairment on the Alabama and DigiDeal ]]></description>
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		<title>(IGT) International Game Technology Downgraded to Underperform</title>
		<link>http://www.stockbloghub.com/2010/11/01/igt-international-game-technology-downgraded-to-underperform/55594</link>
		<comments>http://www.stockbloghub.com/2010/11/01/igt-international-game-technology-downgraded-to-underperform/55594#comments</comments>
		<pubDate>Mon, 01 Nov 2010 18:12:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=55594</guid>
		<description><![CDATA[We have downgraded International Game Technology Inc. (IGT) to Underperform from our previous Neutral rating since replacements of gaming machines are likely to remain weak over the next year. We lower our price target to $13.00, indicating that the company would perform below the broader market. Moreover, a continued lack of visibility for replacement demand,  impact of interest rates on Gaming margin, weak casino budgets and lower spending plans for 2010 have led analysts lower their revenues and earnings per share (EPS) estimates for fiscal 2010. EPS estimate for the fourth quarter 2010 (current quarter) has fallen by 13.6% in the last three months to 19 cents. EPS estimate for the full year has been decreased by 4.5% to 84 cents since the last quarter. Moreover, the highly leveraged balance ]]></description>
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		<title>(IGT) International Game Technology Offers New Games</title>
		<link>http://www.stockbloghub.com/2010/08/23/igt-international-game-technology-offers-new-games/49061</link>
		<comments>http://www.stockbloghub.com/2010/08/23/igt-international-game-technology-offers-new-games/49061#comments</comments>
		<pubDate>Mon, 23 Aug 2010 22:55:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49061</guid>
		<description><![CDATA[A leader in designing, manufacturing and marketing games, International Game Technology (IGT) announced to launch new games and network system products at the 2010 Oklahoma Indian Gaming Association Tradeshow (OIGA) that will be held on August 23and 24 in Tulsa. The company’s part of the total revenue is generated from direct product sales to casino operators around the world. The company will offer sbX management solution that will allow casino operators access its game library and bring customized player experiences, using its Service Window. International Gameis also one of the largest operators of proprietary gaming systems, as well as a leading supplier of microprocessor-based gaming devices Incorporatedluding video poker machines and themed video and reel-spinning slot machines. International Game’s game line-up includes MegaJackpots games such as American Idol on The ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(IGT) International Game Technology Partners with Scientific Games Corporation Subsidiary Global Draw</title>
		<link>http://www.stockbloghub.com/2010/08/11/igt-international-game-technology-partners-with-global-draw/47409</link>
		<comments>http://www.stockbloghub.com/2010/08/11/igt-international-game-technology-partners-with-global-draw/47409#comments</comments>
		<pubDate>Wed, 11 Aug 2010 14:49:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[Scientific Games Corporation]]></category>
		<category><![CDATA[SGMS]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=47409</guid>
		<description><![CDATA[A wholly owned subsidiary of International Game Technology (IGT), Barcrest Group recently signed an agreement with United Kingdom based Global Draw, a wholly owned subsidiary of Scientific Games Corporation (SGMS). The agreement forms a strategic partnership between the two companies. Under the terms of the agreement, gaming machines manufactured by Global Draw will use Barcrest’s content. The gaming machines, more than 7600, will be installed in over 2100 Ladbrokes shops throughout the United Kingdom. Both the companies expect the partnership to be successful, particularly in the Licensed Betting Office (LBO) market. Barcrest currently supplies more than 7500 machines in this sector while Global Draw has more than 20,000 LBO terminals throughout the United Kingdom. We believe Global Draw has a huge market in the United Kingdom and this partnership will ]]></description>
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		<title>(IGT) International Game Technology Maintains Neutral Rating</title>
		<link>http://www.stockbloghub.com/2010/04/01/igt-international-game-technology-maintains-neutral-rating/32641</link>
		<comments>http://www.stockbloghub.com/2010/04/01/igt-international-game-technology-maintains-neutral-rating/32641#comments</comments>
		<pubDate>Thu, 01 Apr 2010 21:32:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32641</guid>
		<description><![CDATA[International Game Technology (IGT) holds a leadership position in slot machines. In January, the company reported adjusted earnings of 23 cents per share in the first quarter of 2010, beating the Zacks Consensus Estimate of 20 cents a share. This was due to increased cost cutting and higher sales of replacement slots. The quarter benefited from increased North American replacement units compared to the prior-year quarter, large-scale deployment of the sbX platform and improvement in operating margin – the highest in the last six quarters. The results were also boosted by increased international growth, offset by a decrease in overall domestic placement levels, resulting in total sales decline. However, revenue growth has suffered due to reduced demand for game play. Hence, IGT is focusing on reducing operational costs to improve earnings. ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(IGT) International Game Technology Exits Japanese Market</title>
		<link>http://www.stockbloghub.com/2010/02/14/igt-international-game-technology-exits-japanese-market/28030</link>
		<comments>http://www.stockbloghub.com/2010/02/14/igt-international-game-technology-exits-japanese-market/28030#comments</comments>
		<pubDate>Sun, 14 Feb 2010 22:26:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=28030</guid>
		<description><![CDATA[The leader in slot machine development and manufacturing, International Game Technology, Inc. (IGT), announced the closure of its operations in Japan due to ongoing difficult market conditions and lack of a strategic fit with its core business. The closure is expected to be completed by the third quarter of fiscal 2010. IGT expects to record approximately $20 million in severance-related and other charges in the second and third quarters of fiscal 2010. The key goal for IGT in 2010 is to manage costs and focus on operating efficiencies. Given the economic downturn and reduced demand for game play, revenue growth has been hit hard. Hence, IGT is focusing on reducing operational costs to improve profitability. We remain positive on IGT&#8217;s cost cutting measures, which will help it generate stronger margins ]]></description>
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		<title>(FOSL) Flies in the Ointment</title>
		<link>http://www.stockbloghub.com/2010/02/02/fosl-flies-in-the-ointment/26729</link>
		<comments>http://www.stockbloghub.com/2010/02/02/fosl-flies-in-the-ointment/26729#comments</comments>
		<pubDate>Tue, 02 Feb 2010 18:18:32 +0000</pubDate>
		<dc:creator>Wax</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Recreational Goods Other]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[Carefusion Corporation]]></category>
		<category><![CDATA[CFN]]></category>
		<category><![CDATA[FOSL]]></category>
		<category><![CDATA[Fossil Inc.]]></category>
		<category><![CDATA[iGate Corporation]]></category>
		<category><![CDATA[IGTE]]></category>
		<category><![CDATA[SNA]]></category>
		<category><![CDATA[Snap-on Inc.]]></category>
		<category><![CDATA[STE]]></category>
		<category><![CDATA[Steris Corporation]]></category>
		<category><![CDATA[Technitrol Inc.]]></category>
		<category><![CDATA[TNL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=26729</guid>
		<description><![CDATA[We had several e-mails over the recent holidays asking what we did with research for companies we had decided not to pursue and would we consider sharing that research with others. Unlike most folks, we do not use stock screens. We see something on the web, or read something in a periodical, or are asked about a particular industry sector and we take a look. Regardless of how we come up with the name of a company, all of our research begins with a Raw Value worksheet. From there, a determination is made if additional research is warranted at that time. If it is, we continue with our research, often going back 10 years of more, in an effort to determine reasonable financial averages. If it isn&#8217;t the related worksheets ]]></description>
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		<title>(IGT) International Game Technology Beats Expectations &#8211; Reaffirms Guidance</title>
		<link>http://www.stockbloghub.com/2010/01/23/igt-international-game-technology-beats-expectations-reaffirms-guidance/25766</link>
		<comments>http://www.stockbloghub.com/2010/01/23/igt-international-game-technology-beats-expectations-reaffirms-guidance/25766#comments</comments>
		<pubDate>Sat, 23 Jan 2010 20:50:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25766</guid>
		<description><![CDATA[Earnings International Game Technology (IGT), a leading slot machine developer, reported adjusted earnings of 24 cents per share in the first quarter of 2010, beating the Zacks Consensus Estimate of 20 cents a share by 4 cents. Quarterly earnings of 21 cents per share increased from the year-ago period due to increased cost cutting and higher sales of replacement slots. Shares rose 3.81% in after-hours trading. IGT said that the prior-year results include new accounting standards adopted in the first quarter of fiscal 2010 for the separation of liability and equity elements, affecting items such as interest expense, earnings per share, long-term debt and shareholder equity. As a result of the economic downturn and reduced demand for game play, revenue growth has suffered. Hence, IGT is focusing on reducing operational ]]></description>
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		<title>(IGT) International Game Technology First Quarter Earnings Preview</title>
		<link>http://www.stockbloghub.com/2010/01/21/igt-international-game-technology-first-quarter-earnings-preview/25689</link>
		<comments>http://www.stockbloghub.com/2010/01/21/igt-international-game-technology-first-quarter-earnings-preview/25689#comments</comments>
		<pubDate>Fri, 22 Jan 2010 00:35:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25689</guid>
		<description><![CDATA[International Game Technology (IGT) will release its first-quarter (December quarter) of fiscal 2010 earnings today after market close. IGT is a leading manufacturer, designer, producer and marketer of computerized casino gaming equipment, systems and devices worldwide. The key goal for IGT in 2010 is to manage costs. Given the economic downturn and reduced demand for game play, revenue growth has suffered. Hence, IGT is focusing on reducing operational costs to improve earnings. During the fourth-quarter, IGT started experiencing stabilized demand for its slot machines and casino management systems. The company plans to focus on its core activities in fiscal 2010. Management expects cost reduction throughout 2010. As a result, IGT expects the EPS to be in the range of 77 cents – 87 cents per share Incorporatedluding 6 cents per ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(IGT) International Game Technology Upped to Neutral</title>
		<link>http://www.stockbloghub.com/2009/12/23/igt-international-game-technology-upped-to-neutral/23551</link>
		<comments>http://www.stockbloghub.com/2009/12/23/igt-international-game-technology-upped-to-neutral/23551#comments</comments>
		<pubDate>Thu, 24 Dec 2009 07:31:37 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=23551</guid>
		<description><![CDATA[We have a Neutral rating on International Game Technology (IGT), indicating that it would perform in line with the market. Our target price of $21.00 is based on a P/E multiple of 23.6X our 2010 EPS estimate, a discount to the peer group. While spending appears to be rebounding, the recovery in the leisure and gaming industry appears to be slow. IGT holds a leadership position in slot machines and is well positioned to benefit from the recovery, as more casinos seek to upgrade their games and systems. The company is a leading manufacturer, designer, producer and marketer of computerized casino gaming equipment, systems and devices worldwide. Strategic acquisitions and various licensing agreements have enabled the company to grow its customer base, expand market share and acquire a large portfolio ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(IGT) International Game Technology Beats Expectations &#8211; Earnings Down</title>
		<link>http://www.stockbloghub.com/2009/11/07/igt-international-game-technology-beats-expectations-earnings-down/19902</link>
		<comments>http://www.stockbloghub.com/2009/11/07/igt-international-game-technology-beats-expectations-earnings-down/19902#comments</comments>
		<pubDate>Sat, 07 Nov 2009 23:06:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19902</guid>
		<description><![CDATA[International Game Technology (IGT) reported adjusted earnings of 19 cents per share during fiscal 2009 fourth quarter, compared to a net income of 28 cents in the year-ago quarter. The result topped the Zacks Consensus Estimate by 3 cents. In the quarter, the company recorded non-cash charges of approximately $77.2 million, or 26 cents per share to give effect to a reduction in the carrying value of its investment in Walker Digital Gaming Inc. These charges also included a decline in the value of its Las Vegas Gaming International investment and foreign deferred tax provision. Total revenue fell 18.6% to $514.6 million from the year-ago quarter, primarily due to weakness in product revenue (45% of total revenue), which fell 23.2% to $231.4 million, while units shipped worldwide decreased 30% year-over-year. Revenue from Gaming Operations (55% ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(IGT) International Game Technology: $78 Million in Non-Cash Charges</title>
		<link>http://www.stockbloghub.com/2009/10/16/igt-international-game-technology-78-million-in-non-cash-charges/17817</link>
		<comments>http://www.stockbloghub.com/2009/10/16/igt-international-game-technology-78-million-in-non-cash-charges/17817#comments</comments>
		<pubDate>Fri, 16 Oct 2009 22:46:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bally Technologies]]></category>
		<category><![CDATA[BYI]]></category>
		<category><![CDATA[IGT]]></category>
		<category><![CDATA[International Game Technology]]></category>
		<category><![CDATA[WMS]]></category>
		<category><![CDATA[WMS Industries Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17817</guid>
		<description><![CDATA[International Game Technology (IGT) today announced that it would record a non-cash charge of approximately $78 million, or 26 cents per share in the fourth quarter to give effect to a reduction in the carrying value of its investment in Walker Digital Gaming Inc. In August, the company reconsidered its partnership with Walker Digital Gaming. The company also expects to record about $13 million in charges related to a decline in the value of its Las Vegas Gaming International investment. IGT will also take into consideration $15 million of additional tax provisions. The company said that the charges reflect its initiatives to review strategic investments and partnerships that focus on its gaming content, to increase the efficiency of its capital resources. These charges will severely affect the company’s margins and ]]></description>
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