Best Buy is a specialty retailer of consumer electronics, including home office products, entertainment software, appliances and related services.  The company operates retail stores and web sites under the name Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com and BestBuyMobile.com), The Carphone Warehouse (Carphone Warehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Magnolia Audio Video (MagnoliaAV.com).

Best Buy is in the news apologizing for an email message it had sent in error to some of its Reward Zone loyalty-program customers, which informed them of a highly inflated points balance. 

A representative of Best Buy could not provide in more detail exactly how many of the loyalty program customers were affected but did state that it was a small percentage. 

Best Buy is rectifying the mistake and informing all those affected.

Best Buy trades on the NYSE under the symbol BBY.  Shares of BBY have been trading today in the range of 36.18 to 36.92, up 0.05 cents or 0.14% at 36.89.

Some of Best Buy’s competitors are holding up in the market today, while others are just hanging on.

Radioshack Corp. (NYSE: RSH), reported on their fourth quarter and full year financial results, citing the total net sales and operating revenues for the 2009 fourth quarter increased by 4.7% to $1.32 billion, compared to $1.26 billion for the 2008 fourth quarter.  Net income for the fourth quarter increased 26.0% to $75.7 million, or $0.60 per diluted share, compared with net income of $60.1 million, or $0.48 per diluted share for the same period last year.  Shares of Radioshack are trading up 0.26 cents or 1.35% at 19.58.  On January 6, 2010 shares of RSH reached its 52 week-high of 21.56.

Circuit City Stores Inc. (OTCBB: CCTYQ), shares of Circuit City are trading up 12.86% today or 0.0009 cents at 0.0079.  Circuit City is a speciality retailer of consumer electronics, home office products, entertainment software and related services, which it operates under two segments: domestic and international.  Circuit City has a market cap of 1.31 million shares.

hhgregg, Inc. (NYSE: HGG), is another speciality retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg and Fine Lines.  Hhgregg announced that it plans to open five new stores in Greater Baltimore to fill the void left by bankrupt Circuit City Stores.  This is a planned expansion as national retailers like Circuit City and Best Buy close locations due to a lack of consumer spending.  Cheap rental rates are helping to drive the company’s growing plans.  Shares of HGG are trading at 20.73, down 0.01 or 0.05%.  HGG reached its 52 week-high this past January 8, 2010 at 24.29.

Conn’s Inc. (NASDAQ: CONN), is a speciality retailer focusing on home appliances and consumer electronics.  Conn’s Inc. reported on their net sales for the quarter ending January 31, 2010, citing net sales of $171.0 million, a decline of $74.5 million of 30.3%, after achieving a 22.3% increase in the same quarter of the prior fiscal year. Net sales represent total product sales, repair service agreement commissions and service revenues. Same store sales (sales recorded in stores operated for the entirety of both periods) decreased 31.7% for the quarter ended January 31, 2010, compared to a 12.5% increase in same store sales in the fourth quarter of the prior fiscal year. Shares of CONN are trading down 0.03 cents or 0.66% at 4.54. 

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PositiveID Corporation (NASDAQ:PSID) gained 28.20% up to $1.50 with volume surging on no news. PSID is trading above its 200 day moving average of $1.03, and edging closer to its all time high of $1.65. PositiveID Corporation previously conducted business as VeriChip Corporation but changed its name to PositiveID Corporation on November 11^th 2009.   The medical application of the company’s proprietary RFID chip was recently profiled by Forbes, and The Journal of American Chemical Society, touting the technology’s potential to revolutionize the diabetes testing market, worldwide. The diabetes testing market is currently estimated to be valued at about $8 billion; the ever-increasing occurrence of diabetes is resulting in higher volumes of diagnostic tests, which is driving strong growth at an annual rate of about 7 percent.

Headquartered in Delray Beach, Florida, PositiveID Corporation develops, markets, and sells RFID systems to identify, locate, and protect people and assets in the healthcare market  around the world.  The company has business activities in three markets: Healthcare Security, which  is an infant protection system; Implantable serves the VeriMed system, in which human RFID microchips are implanted for patient identification and security purposes; the Industrial application sells vibration monitoring tools for engineering, construction, and mining professionals to measure the effects of human induced vibrations from explosives; and Asset Management systems used by industrial companies to manage and track their mobile equipment and tools.  The ultimate applications of RFID chips are much broader than healthcare and can eventually be used in all forms of identification including banking. In March 2009, PositiveID established a subsidiary, VeriGreen Energy Corporation, to focus and supply the clean and alternative energy sector.

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Geeknet, Inc. (NASDAQ:LNUX) rose 22.46% up to a 52 week high of $1.58 on news the company reported growth during its fourth quarter, and an increase in revenue for the year ending Dec. 31^st 2009 which help to offset net losses from a $1.2 million write-off of software and a $4.6 million impairment charge for an investment in CollabNet.  Highlights of the report note that revenue for the fourth quarter of 2009 grew to $32.6 million from $24.8 million for 2008 Q4.  Net income for the fourth quarter of 2009 slipped to $0.03 per share from $0.04 per share, for the same period in 2008.  Revenue for the twelve months ended December 31, 2009 was $65.6 million compared to $59.4 million for 2008; however net loss for the twelve months ended December 31, 2009 was $14.0 million or $0.23 per share compared to a net loss of $4.8 million or $0.07 per share for the comparable period a year ago. The company also announced it appointed Robert A. Bowman to its Board of Directors on February 8^th.   Headquartered in Mountain View, California, Geeknet is the online network for the global technology community. The company’s network of websites include: SourceForge, Slashdot, ThinkGeek, Ohloh and freshmeat which host about 40 million viewers each month.

Hydrogenics Corporation (USA) (NASDAQ:HYGS) gained 16.19% up to $0.244 on no news. Earlier this week, the company announced an upcoming share consolidation of its issued and outstanding common shares to comply with the NASDAQ’s Minimum Bid Price Rule.  The consolidation will be effective as of March 12th, 2010, and will be executed with a ratio of one post-consolidation share for every 25 pre-consolidation shares. Based in Mississauga, Canada, Hydrogenics Corporation develops and manufactures hydrogen generators and fuel cell products for industrial and clean energy markets in North America and Europe.

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BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) rose 16.00% up to $7.25, on no news since the company reported stellar 2009 Q4 and end of year financial results last week.  Highlights of the report include an increase in net income for the last quarter of 2009 up to $15.2 million, or $0.37 per basic share, compared to net income of $10.1 million, or $0.26 per share for the same quarter of 2008. Total revenues also grew to $74.6 million for the year ended December 31, 2009, up from $56.6 million for the year ended December 31, 2008.  Based in Birmingham, Alabama, BioCryst Pharmaceuticals develops small-molecule drugs for treatment of immunological, viral, and cardiovascular diseases and disorders.  The company’s lead flu drug Peravimir has already begun selling Japan under the name Rapiacta. The US government has approved BioCryst’s Peramivir for the emergency treatment for swine flu. The company expects to continue testing Peramivir until 2011 to win full FDA approval in the U.S. BCRX has gained 494% from a 52 week trading low $1.16 in March.

A.P. Pharma, Inc. (NASDAQ:APPA) gained 15.12% up to $1.90 on no news. In January the company received a milestone royalty payment of $2.5 million for rights to Retin-A Micro and Carac it sold to an affiliate of Paul Capital Healthcare. Based in Redwood City, California, A.P. Pharma, Inc., is a pharmaceutical company developing pharmaceutical products applying its proprietary Biochronomer polymer-based drug delivery technology. Its lead product candidate is APF530, which completed pivotal Phase III clinical trial for the prevention of chemotherapy-induced nausea and vomiting. The New Drug Application (NDA) for APF530 was submitted to the FDA in May 2009 and accepted for review in July 2009, at which time the FDA set a Prescription Drug User Fee Act (PDUFA) date of March 18, 2010.

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Pansoft Company Limited (NASDAQ:PSOF) advanced 21.09% up to $6.66 on news the energy technology company posted better than expected 2009 Q4 results this morning.  Highlights of the report include a jump of 47% for total revenues up to $4.9 million, from $3.3 million for the same quarter in 2008.  Gross profits increased 56% to $2.6 million, compared to $1.7 million for 2008 Q4. Diluted earnings per share were $0.36, up 64% compared to $0.22 for the fourth quarter 2008. Headquartered in Jinan, China, Pansoft Company Limited provides software solutions and services the petrol and gas industry in China. Its proprietary software provides support for business operations, including accounting; order processing; shipping; invoicing; inventory control; logistics and customer relationship management.

Hyperdynamics Corporation (AMEX:HDY) gained 7.58% up to $0.710 on no news; however last week the energy company extended terms of  a letter of intent  sent to Spanish energy company Repsol YPF. In addition, Repsol has agreed to pay Hyperdynamics $2.7 million for its share of work performed on the company’s ongoing 2-D seismic program. Repsol will also pay its share of the remaining work on the program, estimated to be valued at approximately $1.0 million, upon its completion. These funds can be repaid to Repsol at its option if the Production Sharing Agreement clarification has not been authorized by September 10, 2010.  Hyperdynamics recently closed their deal with Dana Petroleum in which Dana acquired exclusive rights to a 23% participating interest in Hyperdynamics’ concession offshore of the Republic of Guinea in exchange for US $19.6 million. Headquartered in Sugar Land, Texas, Hyperdynamics Corporation, through its subsidiaries, engages in the exploration and production of oil and gas offshore of the Republic of Guinea, West Africa and holds the largest exploration license in West Africa, covering 31,000 square.

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 IIG Offsets Slip In Sale By Cutting Spending, Stock Jumps

The hot stock information of the day includes:   IIG, TKOI

iMERGENT, Inc. (AMEX:IIG) jumped 21.73% up to $6.89 on news the company released 2009 Q4 financial results. Despite a slip in sales revenue in the fourth quarter the company significantly cut operating expenses which offset the loss.  Highlights of the report include an increase in net income to $613,000 or + $0.06 per diluted common share, compared to a net loss of $10,130,000, or - $0.89 per common share for last year’s fourth quarter. Sales revenues in Q4 decreased 34% to $13,202,000, down from $20,080,000; however total operating expenses decreased 45% to $18,648,000, compared to $33,780,000 for the comparable quarter in 2008. Headquartered in Phoenix, Arizona, iMergent, Inc., is a web based technology and training company providing technologies and tools to small, medium, and large businesses. Some of the services the company offers include SEO and search engine management services enabling its customers to market and sell their business products through the Internet. The company offers the software and Website development platforms for ecommerce and web hosting.

Telkonet, Inc. (AMEX:TKOI) advanced 17.09% up to $0.185 on news its servers and high-speed Internet access solutions have been installed by The Peaks Resort in 174 guest rooms and suites for a minimum three years contract, the value of deal was not disclosed.  The service will upgrade access to a remote luxury resort area with geographic connectivity challenges. Headquartered in Germantown, Maryland, Telkonet is the leading provider of innovative, centrally managed solutions for integrated energy management, wired and wireless networking, building automation and customer support services. The company develops energy management and Smart Grid networking technology.

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ThermoGenesis Corp. (NASDAQ:KOOL) advanced 19.61% up to $0.61 on news the company has signed a distribution deal with GE Healthcare, in which GE Healthcare will fund marketing support and market research for ThermoGenesis’ AXP AutoXpress System  for processing cord blood stem cells. Based in Rancho Cordova, California, ThermoGenes Corp is a medical technology company making proprietary tools and technologies for the recovery, separation, storage, and delivery of stem cells, including cord blood, bone marrow, adipose, and placenta for researchers, hospitals, physicians, blood banks and stem cell reserves.

Power-One, Inc. (NASDAQ:PWER) jumped 17.42% up to $3.64 on news late yesterday the company announced Q4 financial results.  The company reported net sales of $142 million for the fourth quarter ended January 3rd, an increase of 9% compared to the fourth quarter of the previous year.  The company also noted strong growth in its renewable energy product line, and recorded revenue of $68 million in revenue for the fourth quarter 2009 for the segment, a 279% increase from the fourth quarter 2008 and a 119% sales increase from $31 million in the previous quarter. Based in Camarillo, California, Power-One, Inc. designs, develops, manufactures, and markets power conversion and power management products for the communications infrastructure and other high technology markets, as well as for the renewable energy markets.

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RCM Technologies, Inc. (NASDAQ:RCMT) gained 12.00% to close at $2.80 and picked up from a low today of $2.86, on news the company’s Board of Directors have implemented a stock repurchase program for up to $7.5 million of RCTM’s outstanding common shares over the next 12 months. The stock repurchase program will be funded using the company’s working capital. Headquartered in Pennsauken, New Jersey, RCM Technologies, Inc. is an international technology company providing engineering services and IT division consulting.  RCTM’s stock is bullish and trading well above its 90 day moving average of $2.49 and has gained 210% from a 52 week trading low in March when the stock was moving at around $0.91.

Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC) up 16.16% to close at $2.30 on no news; however the company will be participating at the upcoming 12th Annual BIO CEO & Investor Conference on Monday the 8^th of February, and will provide an overview of key developments. In January the company’s lead drug candidate Seliciclib was reviewed by two medical journals and found be effective in killing lung cancer cells through induction of cancer cell suicide; which sent the stock surging 152%. Headquartered in Berkeley Heights, New Jersey, Cyclacel Pharmaceuticals, Inc., is a development-stage biopharmaceutical company which discovers, develops, and commercializes novel, mechanism-targeted drugs to treat human cancers and other serious illnesses.  The company currently has 3 drug candidates in 7 clinical trial studies for the treatment of various cancers. 

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A.P. Pharma, Inc. (NASDAQ:APPA) gained 16.42% up to $1.56 on no news since the company reported regaining  compliance with the Nasdaq minimum bid rule in January.  The company also reported receiving a royalty payment of $2.5 million for rights to Retin-A Micro and Carac it sold to an affiliate of the Paul Capital Healthcare. Based in Redwood City, California, A.P. Pharma, Inc., is a pharmaceutical company developing pharmaceutical products applying its proprietary Biochronomer polymer-based drug delivery technology. Its lead product candidate is APF530, which completed pivotal Phase III clinical trial for the prevention of chemotherapy-induced nausea and vomiting. The New Drug Application (NDA) for APF530 was submitted to the FDA in May 2009 and accepted for review in July 2009, at which time the FDA set a Prescription Drug User Fee Act (PDUFA) date of March 18, 2010.

Zagg Inc(NDA) (NASDAQ:ZAGG) rose 17.63% up to $2.87 on news the company has already begun accepting pre-orders for invisibleSHIELD for the Apple iPad. Headquartered in Salt Lake City, Utah, ZAGG Incorporated designs, manufactures, and distributes protective coverings, audio accessories, and power solutions for consumer electronic and hand-held devices, under the invisibleSHIELD and ZAGGaudio brand names, primarily in the US and Europe.  The company’s proprietary protective coverings are outfitted for iPhones, Blackberrys, iPods, and many other electronic devices.

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