The New 52-Week Great Indicates a Inventory Is Dealing at Its Maximum Price (SIRO, GME)

New York, NY -- (SBWIRE) -- 11/16/2012 -- Sirona (NAS:SIRO) , the dental technology leader, today announced that its board of directors has unanimously approved a succession plan for the Chief Executive Officer of the company. Effective February 20, 2013, Jeffrey T. Slovin will be promoted to Chief Executive Officer. Mr. Slovin, 48, will succeed Jost Fischer, 58. As of February 20, 2013, Mr. Fischer will retire and relinquish his positions as CEO and Chairman of the Board. Thomas Jetter, a current member of Sirona's Board of Directors, will assume the role of Non-Executive Chairman of the Board upon Mr. Fischer's retirement. Effective today, as part of the succession plan, Rainer Berthan is promoted to Executive Vice President responsible for the Company's business segments.

Sirona Reports Record Fiscal 2012 Fourth Quarter and Full Year Results

- Fourth quarter revenues of $247.4 million, up 13.1% compared to the prior year, or up 23.4% constant currency. Fiscal year 2012 revenues increased 7.2%, or up 12.6% constant currency.
- Fourth quarter operating income, excluding amortization of $11.7 million, totaled $57.1 million, up 25.5% compared to the prior year (excluding a non-cash compensation charge). Fiscal 2012 operating income, excluding amortization * of $47.9 million, totaled $233.7 million, up 5.0% compared to the prior year (excluding a non-cash compensation charge).
- Sirona announces fiscal 2013 guidance: revenue growth of 9% to 11% constant currency, and EPS on a non-GAAP adjusted basis^ in a range of $3.33 to $3.43 (reflecting growth of approximately 10% to 13%).

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GameStop Corp. (NYSE:GME), the world's largest multichannel video game retailer, today reported sales and earnings for the third quarter ended Oct. 27, 2012. Total global sales for the third quarter of 2012 were $1.77 billion compared to $1.95 billion in the prior year quarter, a decrease of 8.9%. Consolidated comparable store sales decreased 8.3%. Sales of new software, pre-owned software and new hardware declined during the quarter due to the longevity of the current console cycle and the difficult comparison of major new software titles released during the third quarter of 2012.

Sales in the Other category increased 31.1% during the quarter, primarily driven by new business channels. Digital receipts increased 31.8% to $127 million. Mobile sales, made up of tablet and pre-owned mobile products, were $43.2 million, on course to reach the company's 2012 forecast of $150 to $200 million.

Excluding impairment charges, GameStop's adjusted net earnings for the third quarter were $47.2 million compared to adjusted net earnings of $53.9 million in the prior year quarter. Adjusted diluted earnings per share were $0.38, exceeding the high-end of guidance of $0.02 per share.

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