(EGHT, EK, KOS) PennyOmega.com Watch List for Thursday Jan. 19, 2012

EGHT, 8×8 Inc

** On its third quarter fiscal 2012, EGHT posted total revenue of $23.3 million, a 31% increase year over year and a 17% increase sequentially, while its net income grew 73% to $2.6 million or $0.04 per share, compared to the same period the prior year.

EGHT is a leading provider of cloud communications and computing solutions. With a portfolio of SaaS and IaaS solutions encompassing hosted communications, contact center, unified communications, video web conferencing, managed dedicated hosting, virtual private servers and more, EGHT is uniquely positioned as a business’ one-stop shop for everything cloud.

More about EGHT at www.8×8.com

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KOS, Kosmos Energy Ltd.

** KOS reported that the Ntomme-2A appraisal well, located in the Deepwater Tano Block offshore Ghana, has successfully encountered significant quantities of light oil.

The well, located over 4 kilometers (2.7 miles) south of the Tweneboa-3 sidetrack which discovered the Ntomme field, was designed to test the potential for an oil leg beneath the previously-identified gas-condensate at Ntomme.

According to the company, results of drilling, wireline logs and fluid samples indicate that the well encountered 45 meters (148 feet) of high-quality stacked reservoir sandstones, including 39 meters (128 feet) of 35 degrees API gravity net oil pay; pressure data from the well and the original discovery well suggests the potential for an oil column at Ntomme of approximately 125 meters (410 feet) below the gas-condensate accumulation.

The Ntomme-2A well was drilled to an interim depth of 3,905 meters (12,812 feet) in water of 1,730 meters (5,675 feet). The well is currently being deepened to a total depth of 4,010 meters (13,156 feet). Following the completion of drilling operations, a drill stem test of the well is planned.

KOS is a leading independent oil and gas exploration and production company focused on frontier and emerging areas in West Africa and South America. KOS‘ asset portfolio includes existing production, major discoveries and exploration prospects offshore Ghana, as well as exploration licenses with significant hydrocarbon potential offshore Morocco and Suriname and onshore Cameroon.

More about KOS at www.kosmosenergy.com.

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EK, Eastman Kodak Company

** EK reported that it has filed a lawsuit in U.S. District Court for the Western District of New York, against Samsung Electronics Co. Ltd., alleging that certain Samsung tablets infringe patented Kodak digital imaging technology.

EK has licensed its digital imaging patents to more than 30 leading technology companies, including LG, Motorola, and Nokia, with all of the licenses royalty-bearing to EK.

The complaint against Samsung alleges infringement of the following five patents:

* U.S. Patent No. 6,292,218 – “Electronic Camera For Initiating Capture of Still Images While Previewing Motion Images�

* U.S. Patent No. 7,210,161 – “Automatically Transmitting Images from an Electronic Camera to a Service Provider Using a Network Configuration File�

* U.S. Patent No. 7,742,084 – “Network Configuration File for Automatically Transmitting Images from an Electronic Still Camera�

* U.S. Patent No. 7,453,605 – “Capturing Digital Images to be Transferred to an E-Mail Address�

* U.S. Patent No. 7,936,391 – “Digital Camera with Communications Interface for Selectively Transmitting Images over a Cellular Phone Network and a Wireless LAN Network to a Destination�

As the world’s foremost imaging innovator, EK helps consumers, businesses, and creative professionals unleash the power of images, information, and printing to enrich their lives.

More about EK at www.kodak.com

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Tags: 8x8, Eastman Kodak, EGHT, KOS, Kosmos Energy, Nasdaq:EGHT, NYSE:EK, NYSE:KOS