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Wednesday, March 16, 2005 12:07:49 AM
Final - StreetInsider Alerts 03/15/2005 06:05:10 PM
ABTLE DJ:INDU ( TIVO CMCSA DCAI MDKI ) TTC ARTC SIGM PG DV PGI VICL OPNT TPC OO (To Earlier Below)
03/15/2005 06:05:10 PM
StreetInsider Alert for ABTLE
Mar 15, 2005 (streetinsider.com via COMTEX) --Autobytel Inc. (Nasdaq:ABTLE) said it will not meet the Nasdaq compliance deadline. The company announced preliminary, partial unaudited financial results for the fiscal quarter ended September 30, 2004 and fiscal year ended December 31, 2004. Autobytel also announced today that it will not be able to file its audited financial statements and required restatements with the SEC by March 16, 2005, as required by Nasdaq in order to maintain the listing of the Company's common shares on the Nasdaq Stock Market. The Company has filed with Nasdaq a request to extend the March 16, 2005 deadline to April 15, 2005.
03/15/2005 05:15:12 PM
StreetInsider Alert for DJ:INDU
Mar 15, 2005 (streetinsider.com via COMTEX) --The Dow finished 59.41 points lower to close at 10,745, the Nasdaq fell 16.06 points to close at 2,035, and the S&P 500 lost 9.08 points to close at 1,197. The markets closed out the trading session in the red today as high oil prices, an Anthrax scare, and high bond yields kept buyers on the sidelines.
Volume was relatively light with 1.51 billion shares trading on the NYSE and 1.83 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 22:11 on the NYSE and by a margin of 20:12 on the Nasdaq.
In individual stories, TiVo Inc. (Nasdaq: TIVO) closed 74.93% higher as a result of an agreement with Comcast (Nasdaq: CMCSA) that will make the TiVo service and advertising capability widely available to Comcast customers in the majority of its markets around the country. On the downside, Dialysis Corporation of America (Nasdaq: DCAI) closed 18.20% lower as it announced a merger agreement with Medicore, Inc. (Nasdaq: MDKI); MDKI was 26.75% higher.
Tomorrow traders will be watching for data on Current Accounts, Housing Starts and Building Permits, due to hit the wires at 8:30 A.M, and Industrial Production and Capacity Utilization which is expected at 9:15 A.M.
03/15/2005 05:10:17 PM
StreetInsider Alert for TTC
Mar 15, 2005 (streetinsider.com via COMTEX) --The board of directors of The Toro Company (NYSE: TTC) announced it has approved a two-for- one stock split of its Common Stock, which will be effected in the form of a 100 percent stock dividend payable April 12, 2005. Holders of Toro's Common Stock will receive one additional share of Common Stock for every share held on the March 28, 2005 record date. Additionally, Toro's board of directors declared a regular quarterly cash dividend on a pre-split basis of 12 cents per share (six cents per share on a post-split basis) payable April 12, 2005 to stockholders of record March 28, 2005. As of March 15, the company has 22,411,301 common shares outstanding. As a result of the split, the number of outstanding common shares will double.
03/15/2005 05:00:15 PM
StreetInsider Alert for ARTC
Mar 15, 2005 (streetinsider.com via COMTEX) --Arthrocare Corp (Nasdaq: ARTC) reported a Q4 loss of $0.20, may not be comparable to estimates. Revenues came in at $42.7 million versus the consensus of $42.05 million. The company identified weakness in internal controls related to foreign currency deals.
03/15/2005 04:50:15 PM
StreetInsider Alert for SIGM
Mar 15, 2005 (streetinsider.com via COMTEX) --Sigma Designs Inc (Nasdaq: SIGM) reported Q4 breakeven, in-line with estimates. Revenues came in at $7.9 million versus the consensus of $7.33 million.
03/15/2005 04:25:16 PM
StreetInsider Alert for PG
Mar 15, 2005 (streetinsider.com via COMTEX) --Procter & Gamble Company (NYSE: PG) confirmed previously announced earnings guidance for the January to March quarter. The company continues to expect diluted net earnings per share of $0.60 to $0.62 for the quarter (consensus is $0.61). The company also confirmed it expects total sales growth for the quarter to be in the high single-digit range.
03/15/2005 04:15:21 PM
StreetInsider Alert for DV
Mar 15, 2005 (streetinsider.com via COMTEX) --DeVry Inc. (NYSE: DV) reported it has signed a definitive agreement to acquire Deaconess College of Nursing for approximately $5.3 million in cash, subject to purchase price adjustments.
03/15/2005 04:15:20 PM
StreetInsider Alert for PGI
Mar 15, 2005 (streetinsider.com via COMTEX) --Premiere Global Services, Inc. (NYSE: PGI) completed the acquisition of the conferencing services division of Citizens Communications Company (NYSE: CZN).
The company anticipates the acquisition will be accretive to revenues and earnings and has raised its 2005 financial outlook. The Company now anticipates revenues for the year will be in the range of $500 to $520 million and diluted EPS will be in the range of $0.69 to $0.72, not including the impact of the new accounting standard. (consensus is $0.72).
03/15/2005 04:10:17 PM
StreetInsider Alert for VICL
Mar 15, 2005 (streetinsider.com via COMTEX) --Vical Incorporated (Nasdaq: VICL) announced the issuance of U.S. Patent No. 6,867,195, broadly covering the use of cationic lipid-mediated delivery of DNA for both immunization and delivery of biologically active proteins.
03/15/2005 04:10:16 PM
StreetInsider Alert for OPNT
Mar 15, 2005 (streetinsider.com via COMTEX) --OPNET Technologies, Inc. (NASDAQ: OPNT) announced a multi-year worldwide distribution agreement with Cisco Systems (Nasdaq: CSCO).
Under the terms of the agreement, Cisco will distribute a broad range of OPNET's advanced software products. OPNET and the Cisco Network Management Technology Group will also collaborate on new network management solutions.
03/15/2005 04:05:22 PM
StreetInsider Alert for TPC
Mar 15, 2005 (streetinsider.com via COMTEX) --Triton PCS Holdings Inc (NYSE: TPC) reported a Q4 loss of $0.52, 2 cents worse than estimates. Revenues came in at $195.5 million versus the consensus of $198.29 million.
03/15/2005 04:05:21 PM
StreetInsider Alert for OO
Mar 15, 2005 (streetinsider.com via COMTEX) --Oakley, Inc. (NYSE:OO) announced its Board of Directors has authorized the repurchase of up to an additional $20 million of its common stock in the open market from time to time as market conditions warrant. Since 1996, the company has bought 6,090,700 shares of its common stock for approximately $60.0 million. Subject to market conditions, the company expects to complete in the second quarter of this year the balance of the Board's most recent $20 million repurchase program, which was authorized in September 2002.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
GSK WYE PTV UNIZ COHR CEDC CCUR CHKE ISIS CSC DJ:INDU ( TIVO CLTK MDKI VIAC TRKN ABIX DCAI MACE REDI KENT OSIP ) (To Earlier Below)
03/15/2005 03:35:09 PM
StreetInsider Alert for GSK
Mar 15, 2005 (streetinsider.com via COMTEX) --GlaxoSmithKline (NYSE: GSK) announced that its booster vaccine candidate, Boostrix [Tetanus Toxoid, Reduced Diphtheria Toxoid and Acellular Pertussis Vaccine, Adsorbed (Tdap)] received a unanimous favorable recommendation from the Vaccines and Related Biological Products Advisory Committee of the FDA. Currently, there is no pertussis vaccine approved for use in the U.S. for children seven years of age or older. Immunity from childhood vaccination generally wears off after five to 10 years, leaving many adolescents susceptible to this highly contagious disease. If approved, Boostrix would add a pertussis component to the routine tetanus/diphtheria booster currently recommended for adolescents. The committee's favorable recommendation, although not binding, will be considered by the FDA in its final review of the Biologics License Application (BLA) for Boostrix.
03/15/2005 03:25:14 PM
StreetInsider Alert for WYE
Mar 15, 2005 (streetinsider.com via COMTEX) --Wyeth (NYSE: WYE) said that Judge Harvey Bartle III of the U.S. District Court for the Eastern District of Pennsylvania has approved the proposed Seventh Amendment to the National Diet Drug Settlement. The judge's ruling followed a fairness hearing on January 18 and 19.
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03/15/2005 03:00:26 PM
StreetInsider Alert for PTV
Mar 15, 2005 (streetinsider.com via COMTEX) --Pactiv Corporation (NYSE: PTV) announced the purchase of Newspring Industrial Corp., a leading manufacturer of thin wall injection molded polypropylene products for use in the take-out, delicatessen, and foodservice markets. The purchase price was approximately six times 2004 EBITDA. Newspring sales in 2004 were approximately $60 million. The acquisition is expected to be slightly accretive to 2005 earnings. Assets acquired include three manufacturing facilities.
03/15/2005 03:00:13 PM
StreetInsider Alert for UNIZ
Mar 15, 2005 (streetinsider.com via COMTEX) --Unizan Financial Corp. (Nasdaq: UNIZ) announced that it has filed with the Securities and Exchange Commission for an automatic extension of 15 calendar days to file its annual report on Form 10-K for the year ended December 31, 2004. Unizan filed the extension request because it will be unable to complete the preparation of its consolidated financial statements as well as management's assessment of internal controls over financial reporting by March 16, 2005, the initial filing date, without unreasonable effort or expense. The Company anticipates filing its annual report on Form 10-K on March 31, 2005.
03/15/2005 02:55:24 PM
StreetInsider Alert for COHR
Mar 15, 2005 (streetinsider.com via COMTEX) --Coherent Inc (Nasdaq: COHR) entered into a Transition and General Release of Claims Agreement with Vittorio Fossati-Bellani, the registrant's Executive Vice President and Chief Marketing Officer, which became effective March 11, 2005. The Transition Agreement provides that Mr. Fossati-Bellani will resign from his position as Executive Vice President and Chief Marketing Officer at the end of the second fiscal quarter of 2005, and will remain employed by the registrant in the capacity of Strategic Planning Specialist until April 7, 2006, or an earlier date if he is terminated for cause or voluntarily terminates his employment with the registrant. During the period beginning the third fiscal quarter of 2005 and ending on April 7, 2006, Mr. Fossati-Bellani will receive an annualized base salary of $175,000 and be eligible to participate in the registrant's bonus plan. In addition, Mr. Fossati-Bellani will be entitled to receive a termination payment of $200,000 within 10 days of April 7, 2006, provided he is not terminated for cause.
03/15/2005 02:40:11 PM
StreetInsider Alert for CEDC
Mar 15, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Central European Dist (Nasdaq: CEDC) from 'neutral' to 'buy'.
03/15/2005 02:05:24 PM
StreetInsider Alert for CCUR
Mar 15, 2005 (streetinsider.com via COMTEX) --Concurrent Computer Corporation (NASDAQ: CCUR) announced that its high-performance iHawk multiprocessor systems running Concurrent's real-time RedHawk Linux operating system and its ImaGen image generation solution will be used by Lockheed Martin (NYSE: LMT). Lockheed Martin was chosen by the U.S. Navy to develop and build a new fleet of presidential US101 helicopters. Concurrent's high-performance iHawk multiprocessor system will serve as the real-time simulation host in the building of the fleet.
03/15/2005 01:55:14 PM
StreetInsider Alert for CHKE
Mar 15, 2005 (streetinsider.com via COMTEX) --Cherokee Inc. (NASDAQ: CHKE) announced that it signed an exclusive agreement with Roots Canada to represent the Roots brand in the United States. Under the terms of the agreement, Cherokee will engineer strategic retail direct licensing opportunities for Canada's leading athletic lifestyle brand.
03/15/2005 01:45:25 PM
StreetInsider Alert for ISIS
Mar 15, 2005 (streetinsider.com via COMTEX) --Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced it has initiated a Phase I study of an oral capsule formulation of ISIS 301012, a second-generation antisense inhibitor of apoB-100, for the lowering of high cholesterol. The initiation of this trial expands the Company's clinical development program for ISIS 301012. The subcutaneous form of the drug is completing a Phase 1 study and is expected to enter Phase 2 clinical trials later this year. Data previously reported from the Phase 1 trial showed that subcutaneously administered ISIS 301012 produced rapid and prolonged reductions of its target, apoB-100, as well as low density lipid (LDL), very low density lipid (VLDL) and total cholesterol in healthy volunteers with elevated cholesterol. ApoB-100 is the sole lipoprotein of LDL cholesterol, the "bad" lipid involved in heart disease.
03/15/2005 01:45:11 PM
StreetInsider Alert for CSC
Mar 15, 2005 (streetinsider.com via COMTEX) --Computer Sciences Corporation (NYSE: CSC) announced that AmeriCredit Corp., a leading independent auto finance company, has renewed its insurance compliance tracking contract with CSC. Through this business process outsourcing (BPO) relationship, AmeriCredit will continue to monitor insurance overage required for its customers.
03/15/2005 01:25:15 PM
StreetInsider Alert for DJ:INDU
Mar 15, 2005 (streetinsider.com via COMTEX) --03/15: Streetinsider.com's Unusual 11 Afternoon Movers:
TiVo Inc. (Nasdaq: TIVO) 49.37% HIGHER; has reached an agreement with Comcast (Nasdaq: CMCSA).
Celeritek, Inc. (Nasdaq: CLTK) 43.66% HIGHER; sells assets to Mimix Broadband for $2.8 million in cash.
Medicore, Inc. (Nasdaq: MDKI) 37.32% HIGHER; merger with Dialysis Corporation of America (Nasdaq: DCAI).
ViaCell, Inc. (Nasdaq: VIAC) 25.48% HIGHER; entered into a collaboration with Genzyme Corporation (Nasadaq: GENZ).
Trikon Technologies (NASDAQ: TRKN) 25.13% HIGHER; merger agreement with Aviza Technology, Inc.
ABATIX CORP. (Nasdaq: ABIX) 21.45% HIGHER; net sales and EPS for 2004 rose considerably.
Dialysis Corporation of America (Nasdaq: DCAI) 18.27% LOWER; will merge with Medicore, Inc. (Nasdaq: MDKI).
Mace Security International, Inc. (Nasdaq: MACE) 17.06% HIGHER; signed two agreements with Brandchain, LLC to purchase for re-sell Mace electronic surveillance products.
Remote Dynamics, Inc. (Nasdaq: REDI) 11.94% HIGHER; signed more than 20 REDIview customers since its launch.
Kent Financial Services Inc (Nasdaq: KENT) 9.80% LOWER; Chairman, Paul Koether, sold 28,000 shares on 03/11 at $4.13.
OSI Pharma (Nasdaq: OSIP) 8.87% LOWER; Lehman Brothers downgraded the stock citing lackluster Tarceva trends.
~~~ Don't Trade Alone ~~~ [ ALT + BACK ARROW ] to Return
EMR FATS MACE INGR VEGF BOFI HRLY CARN (To Earlier Below)
03/15/2005 12:40:11 PM
StreetInsider Alert for EMR
Mar 15, 2005 (streetinsider.com via COMTEX) --Emerson Process Management, a business of Emerson (NYSE: EMR) announced that it has won a $7.4 million contract to automate China's new Datang Ningde Power Plant.
03/15/2005 12:35:28 PM
StreetInsider Alert for FATS
Mar 15, 2005 (streetinsider.com via COMTEX) --Firearms Training Systems Inc (OTCBB: FATS) announced that it has been awarded a contract valued at more than $4 million from the U.S. Marine Corps for new virtual training systems as well as spares and components to support their currently fielded systems.
03/15/2005 12:35:26 PM
StreetInsider Alert for MACE
Mar 15, 2005 (streetinsider.com via COMTEX) --Mace Security International, Inc. (Nasdaq: MACE) announced that it signed two separate exclusive agreements with Brandchain, LLC ("Brandchain") to purchase for re-sell Mace electronic surveillance products in Ireland ("Ireland Agreement") and the United Kingdom ("UK Agreement").
Pursuant to the terms of the Ireland Agreement, Brandchain has the exclusive right to sell Mace's electronic surveillance products in Ireland. Brandchain is required to purchase a minimum of $600,000 of products annually for each calendar year through 2010. Brandchain has already issued its first $600,000 purchase order, and as required by the agreement, Mace has received $200,000 as partial payment with the balance to be paid upon delivery of the products ordered.
03/15/2005 12:30:10 PM
StreetInsider Alert for INGR
Mar 15, 2005 (streetinsider.com via COMTEX) --Intergraph (NASDAQ: INGR) Mapping and Geospatial Solutions announced Serco Integrated Transport, a world-leading developer of Intelligent Traffic Management Systems, has selected Intergraph's transportation solutions to develop a new Web portal, called Electronic Service Delivery for Abnormal Loads (ESDAL), for the Highways Agency (HA) in Great Britain. The ESDAL will be a one-stop, Web-based portal for assisted route planning and automated notification of abnormal load movements.
03/15/2005 11:45:13 AM
StreetInsider Alert for VEGF
Mar 15, 2005 (streetinsider.com via COMTEX) --Corautus Genetics Inc. (Nasdaq: VEGF) selected PPD, Inc. (Nasdaq: PPDI) to provide certain clinical research services for GENASIS Corautus' Phase IIb clinical trial to evaluate the safety and efficacy of Vascular Endothelial Growth Factor-2 for the treatment of patients with severe angina.
03/15/2005 11:10:17 AM
StreetInsider Alert for BOFI
Mar 15, 2005 (streetinsider.com via COMTEX) --Today's IPO for BofI Holding (Nasdaq: BOFI) opens for trading. The stock is trading at $11.54 after pricing at $11.50. The 2.25 million share deal was led by WR Hambrecht and Seidler. BofI Holding, Inc. is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet.
03/15/2005 11:10:16 AM
StreetInsider Alert for HRLY
Mar 15, 2005 (streetinsider.com via COMTEX) --Herley Industries, Inc. (Nasdaq: HRLY) announced a significant contract award from EADS Defence Electronics, the electronic warfare house of EADS. EADS Defence provides electronic self-protection equipment for aircraft, ships and armored vehicles.
03/15/2005 11:05:10 AM
StreetInsider Alert for CARN
Mar 15, 2005 (streetinsider.com via COMTEX) --Carrington Laboratories, Inc. (Nasdaq: CARN) announced that its DelSite Biotechnologies, Inc. subsidiary has initiated a Phase I clinical trial of the GelVac nasal powder vaccine delivery system. The double-blind, randomized, three-way crossover study is intended to evaluate the nasal deposition of the GelVac powder as well as to assess the safety and determine the nasal retention characteristics of the GelVac system.
~~~ Guidance For Trades ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ( TIVO CMCSA MDKI DCAI CLTK VIAC DCAI MDKI GNTA DNA PDLI ) TZOO (To Earlier Below)
03/15/2005 10:35:13 AM
StreetInsider Alert for DJ:INDU
Mar 15, 2005 (streetinsider.com via COMTEX) --03/15: Streetinsider.com's Unusual 8 Morning Movers:
TiVo Inc. (Nasdaq: TIVO) 57.70% HIGHER; has reached an agreement with Comcast (Nasdaq: CMCSA) making the TiVo service and advertising capability widely available to Comcast customers in the majority of its markets around the country.
Medicore, Inc. (Nasdaq: MDKI) 45.85% HIGHER; will merge with Dialysis Corporation of America (Nasdaq: DCAI).
Celeritek, Inc. (Nasdaq: CLTK) 40.85% HIGHER; the company and Mimix Broadband, Inc have entered into an asset purchase agreement where Mimix will acquire Celeritek's assets relating to its gallium arsenide semiconductor components business for $2.8 million in cash.
ViaCell, Inc. (Nasdaq: VIAC) 18.22% HIGHER; entered into a collaboration with Genzyme Corporation (Nasadaq: GENZ) related to diabetes research.
Dialysis Corporation of America (Nasdaq: DCAI) 14.02% LOWER; will merge with Medicore, Inc. (Nasdaq: MDKI).
Genta Incorporated (Nasdaq: GNTA) 6.56% HIGHER; announced that LR3001 has received Orphan Drug designation from the FDA for the treatment of chronic myelocytic leukemia.
Genentech (NYSE: DNA) 5.1% HIGHER; continues yesterday's advance after positive news on Avastin
Protein Design Labs Inc (Nasdaq: PDLI) 4.12% HIGHER; reported a Q4 loss 1 cent better than estimates, positive FY05 guidance and Salomon Smith Barney upgraded the stock.
03/15/2005 09:40:19 AM
StreetInsider Alert for TZOO
Mar 15, 2005 (streetinsider.com via COMTEX) --Travelzoo Inc (Nasdaq: TZOO) CEO, Ralph Bartel, sells 685,000 shares from 03/11-03/14 for $48.08-$56.31.
~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return
MOT CVC TIVO QCOM TOY VIAC LTD BJRI EPNY VIRL REDI EXTR ASTE TRKN NCC NURO SIGA PDLI BBY DRRX BCRX YSI SMTS UBSH CAV NFP BBX WAB EDR ACS LEH VAS MON IDNX IFLO PLT POT AGU DCAI ATYT IPS GTXI ANSI ENDP ROV PLCE BEV AZPNE CEY BER L CMVT ASCL MAXM ZOLL ABS EL TSO ESLT STN ASF ILA AIG
03/15/2005 09:20:11 AM
StreetInsider Alert for MOT
Mar 15, 2005 (streetinsider.com via COMTEX) --CTIA Motorola, Inc. (NYSE: MOT) announced that it has received a US$150 million expansion order to deploy its CDMA2000 1X Radio Access Network system for KDDI, the leading carrier for 3G cellular phone service in Japan. The Motorola RAN system is scheduled for deployment beginning in fiscal 2006, primarily for services in the 2 GHz band, where KDDI has already begun to roll out services. The order represents the first stage in a broader plan for Motorola to provide equipment and services for KDDI's continued deployment of CDMA2000 1X.
03/15/2005 09:20:10 AM
StreetInsider Alert for CVC
Mar 15, 2005 (streetinsider.com via COMTEX) --Bear Stears upgrades Cablevision Systems (NYSE: CVC) from 'underperform' to 'peer perform' with a $35 price target.
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03/15/2005 09:10:11 AM
StreetInsider Alert for TIVO
Mar 15, 2005 (streetinsider.com via COMTEX) --UPDATE: Comcast (Nasdaq: CMCSA) (Nasdaq: CMCSK) and TiVo Inc. (Nasdaq: TIVO) announced that the companies have reached an agreement to make the TiVo service and advertising capability widely available to Comcast customers in the majority of its markets around the country.
Under the terms of the agreement, Comcast and TiVo will work together to develop a version of the TiVo service that will be made available on Comcast's current primary DVR platform. New software will be developed by TiVo and will be incorporated into Comcast's existing network platforms. The new service will be marketed with the TiVo brand, and is expected to be available on Comcast's DVR products in a majority of Comcast markets in mid-to-late 2006.
03/15/2005 09:10:10 AM
StreetInsider Alert for QCOM
Mar 15, 2005 (streetinsider.com via COMTEX) --QUALCOMM Incorporated (Nasdaq: QCOM) announced that it has signed a definitive agreement with Amp'd Mobile, a mobile virtual network operator specifically geared for the youth audience, to offer downloadable wireless applications and services based on QUALCOMM's BREW solution. Amp'd Mobile plans to target the growing legion of 18-35 year old mobile users with a feature-rich user interface and access to user-friendly BREW games, entertainment, video and information applications and services, all via a 3G CDMA2000 1xEV-DO network.
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03/15/2005 09:05:18 AM
StreetInsider Alert for TOY
Mar 15, 2005 (streetinsider.com via COMTEX) --Toys "R" Us, Inc. (NYSE: TOY) said it will delay the release of its financial results for the 2004 fourth quarter and full year ended January 29, 2005. The delay will provide the Company and its auditors adequate time to evaluate the change in accounting for leases and leasehold improvements based on its previously announced review.
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03/15/2005 09:00:31 AM
StreetInsider Alert for VIAC
Mar 15, 2005 (streetinsider.com via COMTEX) --ViaCell, Inc. (Nasdaq: VIAC) and Genzyme Corporation (Nasadaq: GENZ) announced today that the two companies entered into a collaboration related to diabetes. Over the next 18 months Genzyme will conduct research to improve production and characterization of islet stem cells, and to undertake preclinical proof-of-concept studies for the transplantation of adult islet stem cells derived from donated pancreatic tissue. ViaCell will work with Genzyme and conduct complementary preclinical research. No financial terms of the agreement were announced.
03/15/2005 09:00:30 AM
StreetInsider Alert for LTD
Mar 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers Holdings initiated coverage on Limited Brands Inc (NYSE: LTD) with an 'equal weight' rating.
03/15/2005 09:00:30 AM
StreetInsider Alert for BJRI
Mar 15, 2005 (streetinsider.com via COMTEX) --The Seidler Companies initiated coverage on BJ's Restaurants, Inc. (Nasdaq: BJRI) with a 'buy' rating; $22.00 price target.
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03/15/2005 08:55:16 AM
StreetInsider Alert for EPNY
Mar 15, 2005 (streetinsider.com via COMTEX) --Merriman Curhan Ford upgraded Epiphany Incorporated (Nasdaq: EPNY) from 'neutral' to 'buy'. The firm noted valuation as the reason for the upgrade.
03/15/2005 08:55:15 AM
StreetInsider Alert for VIRL
Mar 15, 2005 (streetinsider.com via COMTEX) --IRG Research initiated coverage on Virage Logic Corporation (Nasdaq: VIRL) with a 'buy' rating; $18.00 price target.
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03/15/2005 08:45:13 AM
StreetInsider Alert for REDI
Mar 15, 2005 (streetinsider.com via COMTEX) --Remote Dynamics, Inc. (Nasdaq: REDI) announced it has signed more than 20 REDIview customers, representing approximately 800 units, since its launch of the new product on Jan. 18, 2005.
03/15/2005 08:45:12 AM
StreetInsider Alert for EXTR
Mar 15, 2005 (streetinsider.com via COMTEX) --Extreme Networks, Inc. (Nasdaq: EXTR) has delivered a scalable network based on its innovative BlackDiamond 10K core switch and the new Extreme Aspen 8800 modular switches to Agere Systems, a global leader in semiconductors for storage, wireless data and enterprise networks. Agere is outfitting its corporate headquarters with an advanced network infrastructure that delivers improved availability and resiliency for its business applications.
03/15/2005 08:40:17 AM
StreetInsider Alert for ASTE
Mar 15, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets upgraded Astec Industries, Inc. (Nasdaq: ASTE) from 'hold' to 'buy'; $25.00 price target. The firm thinks the prospects of a highway bill are improving and ASTE is uniquely leveraged to transportation spending. They raised their '05 forecast to $1.04 from 82c due to increased rev projection for Astec.
03/15/2005 08:40:16 AM
StreetInsider Alert for TRKN
Mar 15, 2005 (streetinsider.com via COMTEX) --Aviza Technology, Inc. and Trikon Technologies (NASDAQ: TRKN) entered into a definitive agreement to consolidate through merger.
Under the terms of the agreement, Aviza and Trikon will consolidate under a new holding company, to be named Aviza Technology, Inc., that is expected to trade on the Nasdaq National Market. Former Aviza stockholders will own approximately 60% of the new company and former Trikon shareholders will own approximately 40% of the new company, with VantagePoint Venture Partners, Aviza's largest stockholder, owning approximately 50% of the new company.
03/15/2005 08:40:16 AM
StreetInsider Alert for NCC
Mar 15, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt Gerard initiated coverage on National City Corporation (NYSE: NCC) with an 'underperform' rating; $35.00 price target. Credit Suisse First Boston upgraded the stock from 'underperform' to 'neutral'. They raised their outlook on the stock citing valuation, NCC's recent underperformance, and the lack of any material negative developments in its 1Q05 mid-qtr update.
03/15/2005 08:40:15 AM
StreetInsider Alert for NURO
Mar 15, 2005 (streetinsider.com via COMTEX) --NeuroMetrix, Inc. (Nasdaq: NURO) joined Eli Lilly and Company (NYSE: LLY) in an Education & Development Program to improve awareness and detection of diabetic peripheral neuropathy (DPN).
03/15/2005 08:40:05 AM
StreetInsider Alert for SIGA
Mar 15, 2005 (streetinsider.com via COMTEX) --SIGA Technologies, Inc. (NASDAQ: SIGA) said their Smallpox drug, SIGA-246, has entered preclinical development.
03/15/2005 08:35:38 AM
StreetInsider Alert for PDLI
Mar 15, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Protein Design Labs Inc (Nasdaq: PDLI) from 'hold' to 'buy'; target price increased from $20.00 to $25.00. The firm raised their outlook on the stock due to PDLI's Q4 results. They also upped their ests across the board to reflect the ESP acquisition and increased Avastin sales. In addtion, they look for PDLI to become cash flow positive by 2006, one year earlier than previously expected.
03/15/2005 08:35:37 AM
StreetInsider Alert for BBY
Mar 15, 2005 (streetinsider.com via COMTEX) --FTN Midwest Research downgraded Best Buy Company Inc (NYSE: BBY) from 'neutral' to 'sell'; $42.00 price target. The firm has lowered their recommendation on Best Buy citing the following factors: 1) A potential downturn in non-television categories during 2005 could pressure comparable sales; 2) Increased competition and promotional activity will lead to continued gross margin pressure; 3) Rising short-term interest rates may pressure consumer spending and no-interest financing costs; 4) Slowing square footage growth and smaller store prints make top-line growth more challenging; 5) Shrinking product cycle could negatively impact warranty attachment rates and profitability; and 6) Best Buy cycles against peak top-line and operating margin comparisons during FY06.
03/15/2005 08:35:36 AM
StreetInsider Alert for DRRX
Mar 15, 2005 (streetinsider.com via COMTEX) --CIBC World Markets upgraded Durect Corporation (Nasdaq: DRRX) from 'underperform' to 'sector perform'. The firm's upgrade follows Durect announcing a new collaboration with Endo Pharmaceuticals covering North American rights to the company's sufentanil pain patch, currently in a Phase I trial. They add that the deal brings cash ($10 mln up-front), milestones (up to $35 mln) and royalties (likely double digit) to DRRX. In addition, the firm noted that the new partnership lessens development risk on Direct's P&L, provides validation for this product and removes focus from Chronogesic, delayed due to technical issues.
03/15/2005 08:35:36 AM
StreetInsider Alert for BCRX
Mar 15, 2005 (streetinsider.com via COMTEX) --BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) said BCX-4208 has successfully completed a Phase I, placebo-controlled, single ascending dose, pharmacokinetic and safety trial involving 84 healthy volunteers.
Results from this Phase I study indicate that single doses of BCX-4208 ranging from 0.5 mg/kg to 3 mg/kg were well-tolerated among the broad spectrum of safety parameters being monitored. Additionally, BCX-4208 achieved a dose- related inhibition of PNP, which effectively increases the serum level of deoxyguanosine that is necessary for selective suppression of T-cell activation.
Based on these positive results, BioCryst intends to initiate a randomized, double-blind, escalating multi-dose Phase I trial with BCX-4208 to further evaluate its safety profile and pharmacokinetics in approximately 60 healthy volunteers beginning in the second quarter of 2005.
______* Listing Until Market Open *
03/15/2005 08:30:22 AM
StreetInsider Alert for YSI
Mar 15, 2005 (streetinsider.com via COMTEX) --Raymond James Financial upgraded U-Store-It Trust (NYSE: YSI) from 'market perform' to 'outperform'; $18.00 price target. The firm's upgrade follows YSI's first earnings report since going public in October. In addition, they cited better than anticipated acquisition volumes and an attractive relative valuation.
03/15/2005 08:30:20 AM
StreetInsider Alert for SMTS
Mar 15, 2005 (streetinsider.com via COMTEX) --Somanetics Corporation (Nasdaq: SMTS) reports Q1 EPS of $0.06, 1 cent better than estimates. Revenues came in at $4.03 million versus the consensus of $3.64 million. Says FY05 revenue will increase between 47%-52%, versus prior guidance of a 40%-45% rise.
03/15/2005 08:30:20 AM
StreetInsider Alert for UBSH
Mar 15, 2005 (streetinsider.com via COMTEX) --Janney Montgomery Scott upgraded Union Bankshares Corporation (Nasdaq: UBSH) from 'hold' to 'buy'; $38.00 price target. The firm raised their outlook on the stock noting that it has declined approximately 8% over the past two weeks on no company news. In addition, they feel Union has built a fine franchise over the past few years which would be desirable to potential acquirers, if and when mgmt should decide to sell.
03/15/2005 08:25:12 AM
StreetInsider Alert for CAV
Mar 15, 2005 (streetinsider.com via COMTEX) --Avondale Partners LLC initiated coverage on Cavalier Homes, Inc. (AMEX: CAV) with a 'market perform' rating.
03/15/2005 08:25:11 AM
StreetInsider Alert for NFP
Mar 15, 2005 (streetinsider.com via COMTEX) --Goldman Sachs & Co. upgraded National Financial Partners (NYSE: NFP) from 'in-line' to 'outperform'. The firm raised their recommendation believing NFP culd achieve 8%-18% upside over the medium-term, based on: 1) strong EPS growth, 2) good cash flow momentum, and 3) its unique M&A roll-up model.
03/15/2005 08:25:11 AM
StreetInsider Alert for BBX
Mar 15, 2005 (streetinsider.com via COMTEX) --Stanford Group initiated coverage on BankAtlantic Bancorp Inc (NYSE: BBX) with a 'buy' rating; $21.50 price target.
03/15/2005 08:20:12 AM
StreetInsider Alert for WAB
Mar 15, 2005 (streetinsider.com via COMTEX) --Wabtec Corporation (NYSE: WAB) increased its 2005 guidance for earnings per diluted share to about $1.10, versus its previous guidance of about $1 and the consensus of $1.02.
03/15/2005 08:20:11 AM
StreetInsider Alert for EDR
Mar 15, 2005 (streetinsider.com via COMTEX) --JP Morgan initiated coverage on Education Realty Trust, Incorporated (NYSE: EDR) with an 'overweight' rating.
03/15/2005 08:20:10 AM
StreetInsider Alert for ACS
Mar 15, 2005 (streetinsider.com via COMTEX) --Affiliated Computer Services, Inc., (NYSE: ACS) announced that it has been selected by the New Jersey Department of Human Services, Division of Family Development, Office of Child Support Services to provide a child support program payment receipt and processing system for the State.
03/15/2005 08:20:10 AM
StreetInsider Alert for LEH
Mar 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers (NYSE: LEH) reports Q1 earnings of $2.91 per share, 72 cents better than estimates. Revenues came in at $3.81 billion versus the consensus of $3.11 billion.
03/15/2005 08:15:19 AM
StreetInsider Alert for VAS
Mar 15, 2005 (streetinsider.com via COMTEX) --Viasys Healthcare Inc. (NYSE: VAS) announced that it has signed a definitive agreement to acquire Micro Medical Ltd. for a purchase price of approximately $39 million. In addition, in the transaction VIASYS is assuming approximately $1.2 million in net debt and has agreed, in certain circumstances, to make a contingent payment related to the sales of a new product and a contingent payment related to performance targets. Micro Medical, based in Chatham, U.K., had 2004 revenues of approximately $16 million and has a global presence in hand-held and desk top devices for respiratory measurements used to diagnose and monitor asthma, Chronic Obstructive Pulmonary Disease (COPD) and bronchitis.
03/15/2005 08:15:19 AM
StreetInsider Alert for MON
Mar 15, 2005 (streetinsider.com via COMTEX) --Monsanto Co (NYSE: MON) announced that it has obtained U.S. regulatory clearance for its next generation cotton technology, Roundup Ready Flex cotton. Today's announcement represents an important step forward towards the anticipated commercial launch for the 2006 growing season. Regulatory clearances in other key production and export countries are anticipated later this year.
03/15/2005 08:15:18 AM
StreetInsider Alert for IDNX
Mar 15, 2005 (streetinsider.com via COMTEX) --Identix Incorporated (Nasdaq: IDNX) was selected by the Michigan State Police Criminal Justice Information Center to provide statewide electronic fingerprinting services and related processing for licensing and employment purposes for the state of Michigan.
03/15/2005 08:15:14 AM
StreetInsider Alert for IFLO
Mar 15, 2005 (streetinsider.com via COMTEX) --I-Flow Corporation (NASDAQ: IFLO) announced that a long-term study on the use of ON-Q PainBuster following breast cancer surgery was presented recently at a major surgical meeting. This presentation, which includes two year follow-up data on a study originally published in The Journal of Surgical Research (December 2003), showed the benefits of ON-Q not only in reducing acute pain after surgery, but also in helping patients have less pain with daily activities over time. The additional results were presented at The Society of University Surgeons' 66th Annual Meeting in Nashville, Tennessee.
03/15/2005 08:10:12 AM
StreetInsider Alert for PLT
Mar 15, 2005 (streetinsider.com via COMTEX) --Plantronics, Inc. (NYSE: PLT) announced the up coming launch of a new headset built in partnership with Nextel Communications. The Plantronics MX153 Boom Headset with Direct Connect Button will help Nextel customers get business "done" while on the go.
______* More To Come *
03/15/2005 08:05:17 AM
StreetInsider Alert for POT
Mar 15, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgraded Potash Corporation of Saskatchewan, Inc. (NYSE: POT) from 'sector outperform' to 'sector perform'; $94.00 price target. The firm lowered its outlook on the shares due to valuation and a termpered fertilizer outlook.
03/15/2005 08:01:09 AM
StreetInsider Alert for AGU
Mar 15, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgraded Agrium Inc. (NYSE: AGU) from 'sector perform' to 'sector underperform'; $18.00 price target. The firm lowered its outlook on the shares due to valuation and a termpered fertilizer outlook.
03/15/2005 08:01:08 AM
StreetInsider Alert for DCAI
Mar 15, 2005 (streetinsider.com via COMTEX) --Dialysis Corporation of America (Nasdaq: DCAI) and Medicore, Inc. (Nasdaq: MDKI) agreed to terms whereby Medicore, Inc., which owns 57% of Dialysis Corporation of America, will merge into DCA for a total consideration of approximately 5,289,000 shares of DCA common stock. Upon completion of the merger, each Medicore shareholder will receive .68 shares of DCA common stock for each share of Medicore common stock, Medicore's current 57% ownership of DCA will be retired, and the aggregate outstanding shares of DCA will be approximately 9,000,000 shares of common stock.
03/15/2005 08:01:08 AM
StreetInsider Alert for ATYT
Mar 15, 2005 (streetinsider.com via COMTEX) --ATI Technologies Inc. (NASDAQ: ATYT) announced that IBM (NYSE: IBM) has selected the powerful FireGL V7100 high-end workstation graphics accelerator for the IBM IntelliStation Pro line.
03/15/2005 08:01:07 AM
StreetInsider Alert for IPS
Mar 15, 2005 (streetinsider.com via COMTEX) --IPSCO Inc. (NYSE: IPS) announced today its intention to initiate a share repurchase program, by way of a normal course issuer bid, through the facilities of the Toronto Stock Exchange of up to 10% of the public float of its Common Shares, approximately 4.2 million shares.
03/15/2005 08:00:59 AM
StreetInsider Alert for GTXI
Mar 15, 2005 (streetinsider.com via COMTEX) --GTx, Inc. (Nasdaq: GTXI) completed a Phase I clinical trial of ostarine, the Company's second selective androgen receptor modulator clinical product candidate. Results of the Phase I clinical trial indicated that ostarine appears to be safe and was well tolerated. There were no serious dose-related or clinically significant adverse events observed in the clinical trial. GTx plans to initiate a multiple ascending dose Phase I clinical trial of ostarine in April 2005.
03/15/2005 08:00:58 AM
StreetInsider Alert for ANSI
Mar 15, 2005 (streetinsider.com via COMTEX) --Advanced Neuromodulation Systems, Inc. (Nasdaq: ANSI) received FDA approval to market and sell its second rechargeable implantable pulse generator, the Eon Neurostimulation System.
03/15/2005 08:00:57 AM
StreetInsider Alert for ENDP
Mar 15, 2005 (streetinsider.com via COMTEX) --Advest upgrades Endo Pharmaceuticals (Nasdaq: ENDP) from Neutral to Buy after positive announcements-Price target $26.
03/15/2005 08:00:57 AM
StreetInsider Alert for ROV
Mar 15, 2005 (streetinsider.com via COMTEX) --Rayovac (NYSE: ROV) announced that it has entered into a definitive agreement to acquire Tetra Holding GmbH for a purchase price of approximately euro 415 million.
03/15/2005 08:00:56 AM
StreetInsider Alert for PLCE
Mar 15, 2005 (streetinsider.com via COMTEX) --Lehman Bros. upgrades Children's Place (Nasdaq: PLCE) from Underweight to Equalweight-Price target $48.
03/15/2005 08:00:55 AM
StreetInsider Alert for BEV
Mar 15, 2005 (streetinsider.com via COMTEX) --Beverly Enterprises (NYSE: BEV) reports Q4 earnings of $0.13 per share, 5 cents worse than estimates. Q4 revenues were $516.6 million, higher than analysts estimates of $511.77 million.
03/15/2005 08:00:53 AM
StreetInsider Alert for AZPNE
Mar 15, 2005 (streetinsider.com via COMTEX) --Jefferies & Co upgrades Aspen Tech (Nasdaq: AZPNE) from Underperform to Hold on positive business outlook-Price target $7.10.
03/15/2005 08:00:53 AM
StreetInsider Alert for CEY
Mar 15, 2005 (streetinsider.com via COMTEX) --Smith Barney reiterates Buy on Certegy (NYSE: CEY) and adds stock to Focus List.
03/15/2005 08:00:52 AM
StreetInsider Alert for BER
Mar 15, 2005 (streetinsider.com via COMTEX) --W. R. Berkley Corp (NYSE: BER) announced that its Board of Directors has approved a 3-for-2 common stock split to be paid in the form of a stock dividend to holders of record on March 24, 2005. The additional shares are expected to be issued on April 8, 2005. The Directors also declared a regular quarterly cash dividend on the company's post-split common stock of $0.05 per share.
03/15/2005 08:00:51 AM
StreetInsider Alert for L
Mar 15, 2005 (streetinsider.com via COMTEX) --Liberty Media (NYSE: L) announced that it intends to spin-off to its shareholders a separate company comprised of its ownership interests in Ascent Media Group, Inc. and Discovery Communications, Inc. The transaction, which is intended to be tax-free to shareholders and Liberty Media, will create a new publicly-traded company called Discovery Holding Company (DHC). DHC will be comprised of Liberty Media's 100% ownership interest in Ascent Media as well as its 50% ownership interest in Discovery.
______* Refresh Your Browser *
03/15/2005 08:00:38 AM
StreetInsider Alert for CMVT
Mar 15, 2005 (streetinsider.com via COMTEX) --UBS Securities upgrades Comverse Technology (Nasdaq: CMVT) from Neutral to Buy on positive-Price target $29.
03/15/2005 08:00:37 AM
StreetInsider Alert for ASCL
Mar 15, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Ascential Software (Nasdaq: ASCL) from Buy to Neutral on valuation.
03/15/2005 08:00:36 AM
StreetInsider Alert for MAXM
Mar 15, 2005 (streetinsider.com via COMTEX) --Maxim Pharmaceuticals (Nasdaq: MAXM) announced that it retained Piper Jaffray & Co. to advise and assist in identifying and evaluating its strategic options. Piper Jaffray & Co. is a leading investment bank serving the life science industry, and has extensive life science merger and acquisition expertise.
03/15/2005 08:00:35 AM
StreetInsider Alert for ZOLL
Mar 15, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades ZOLL Medical Corp (Nasdaq: ZOLL) from Market Perform to Outperform on valuation-Price target $32.
03/15/2005 08:00:35 AM
StreetInsider Alert for ABS
Mar 15, 2005 (streetinsider.com via COMTEX) --Albertson's (NYSE: ABS) reports Q4 earnings of $0.52 per share, in-line with estimates. Q4 revenues were $11.07 billion, higher than analysts estimates of $10.89 billion. ABS guides lower for full-year earnings outlook.
03/15/2005 08:00:34 AM
StreetInsider Alert for EL
Mar 15, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Estee Lauder (NYSE: EL) from Neutral to Overweight on current valuation.
03/15/2005 08:00:27 AM
StreetInsider Alert for TSO
Mar 15, 2005 (streetinsider.com via COMTEX) --Deutsche Bank downgrades Tesoro Petroleum (NYSE: TSO) from Buy to Hold on slower outlook-Price target $36.
03/15/2005 08:00:27 AM
StreetInsider Alert for ESLT
Mar 15, 2005 (streetinsider.com via COMTEX) --Elbit Systems (Nasdaq: ELST) reports Q4 earnings of $0.35 per share, 3 cents worse than estimates. Q4 revenues were $270.8 million, higher than analysts estimates of $261.40 million.
03/15/2005 08:00:26 AM
StreetInsider Alert for STN
Mar 15, 2005 (streetinsider.com via COMTEX) --Station Casinos (NYSE: STN) now sees Q1 earnings between $0.66-0.68 per share vs. analysts estimates of $0.60.
03/15/2005 08:00:25 AM
StreetInsider Alert for ASF
Mar 15, 2005 (streetinsider.com via COMTEX) --Robert W Baird upgrades Administaff (NYSE: ASF) from Underperform to Neutral after recent dip in stock price.
03/15/2005 08:00:25 AM
StreetInsider Alert for ILA
Mar 15, 2005 (streetinsider.com via COMTEX) --Robert W Baird upgrades Aquila Energy (NYSE: ILA) from Underperform to Neutral on positive outlook-Price target $4.
03/15/2005 08:00:24 AM
StreetInsider Alert for AIG
Mar 15, 2005 (streetinsider.com via COMTEX) --American Int'l Group (NYSE: AIG) announced that Martin J. Sullivan, 50, will replace Maurice "Hank" Greenberg as CEO.
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ABTLE DJ:INDU ( TIVO CMCSA DCAI MDKI ) TTC ARTC SIGM PG DV PGI VICL OPNT TPC OO (To Earlier Below)
03/15/2005 06:05:10 PM
StreetInsider Alert for ABTLE
Mar 15, 2005 (streetinsider.com via COMTEX) --Autobytel Inc. (Nasdaq:ABTLE) said it will not meet the Nasdaq compliance deadline. The company announced preliminary, partial unaudited financial results for the fiscal quarter ended September 30, 2004 and fiscal year ended December 31, 2004. Autobytel also announced today that it will not be able to file its audited financial statements and required restatements with the SEC by March 16, 2005, as required by Nasdaq in order to maintain the listing of the Company's common shares on the Nasdaq Stock Market. The Company has filed with Nasdaq a request to extend the March 16, 2005 deadline to April 15, 2005.
03/15/2005 05:15:12 PM
StreetInsider Alert for DJ:INDU
Mar 15, 2005 (streetinsider.com via COMTEX) --The Dow finished 59.41 points lower to close at 10,745, the Nasdaq fell 16.06 points to close at 2,035, and the S&P 500 lost 9.08 points to close at 1,197. The markets closed out the trading session in the red today as high oil prices, an Anthrax scare, and high bond yields kept buyers on the sidelines.
Volume was relatively light with 1.51 billion shares trading on the NYSE and 1.83 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 22:11 on the NYSE and by a margin of 20:12 on the Nasdaq.
In individual stories, TiVo Inc. (Nasdaq: TIVO) closed 74.93% higher as a result of an agreement with Comcast (Nasdaq: CMCSA) that will make the TiVo service and advertising capability widely available to Comcast customers in the majority of its markets around the country. On the downside, Dialysis Corporation of America (Nasdaq: DCAI) closed 18.20% lower as it announced a merger agreement with Medicore, Inc. (Nasdaq: MDKI); MDKI was 26.75% higher.
Tomorrow traders will be watching for data on Current Accounts, Housing Starts and Building Permits, due to hit the wires at 8:30 A.M, and Industrial Production and Capacity Utilization which is expected at 9:15 A.M.
03/15/2005 05:10:17 PM
StreetInsider Alert for TTC
Mar 15, 2005 (streetinsider.com via COMTEX) --The board of directors of The Toro Company (NYSE: TTC) announced it has approved a two-for- one stock split of its Common Stock, which will be effected in the form of a 100 percent stock dividend payable April 12, 2005. Holders of Toro's Common Stock will receive one additional share of Common Stock for every share held on the March 28, 2005 record date. Additionally, Toro's board of directors declared a regular quarterly cash dividend on a pre-split basis of 12 cents per share (six cents per share on a post-split basis) payable April 12, 2005 to stockholders of record March 28, 2005. As of March 15, the company has 22,411,301 common shares outstanding. As a result of the split, the number of outstanding common shares will double.
03/15/2005 05:00:15 PM
StreetInsider Alert for ARTC
Mar 15, 2005 (streetinsider.com via COMTEX) --Arthrocare Corp (Nasdaq: ARTC) reported a Q4 loss of $0.20, may not be comparable to estimates. Revenues came in at $42.7 million versus the consensus of $42.05 million. The company identified weakness in internal controls related to foreign currency deals.
03/15/2005 04:50:15 PM
StreetInsider Alert for SIGM
Mar 15, 2005 (streetinsider.com via COMTEX) --Sigma Designs Inc (Nasdaq: SIGM) reported Q4 breakeven, in-line with estimates. Revenues came in at $7.9 million versus the consensus of $7.33 million.
03/15/2005 04:25:16 PM
StreetInsider Alert for PG
Mar 15, 2005 (streetinsider.com via COMTEX) --Procter & Gamble Company (NYSE: PG) confirmed previously announced earnings guidance for the January to March quarter. The company continues to expect diluted net earnings per share of $0.60 to $0.62 for the quarter (consensus is $0.61). The company also confirmed it expects total sales growth for the quarter to be in the high single-digit range.
03/15/2005 04:15:21 PM
StreetInsider Alert for DV
Mar 15, 2005 (streetinsider.com via COMTEX) --DeVry Inc. (NYSE: DV) reported it has signed a definitive agreement to acquire Deaconess College of Nursing for approximately $5.3 million in cash, subject to purchase price adjustments.
03/15/2005 04:15:20 PM
StreetInsider Alert for PGI
Mar 15, 2005 (streetinsider.com via COMTEX) --Premiere Global Services, Inc. (NYSE: PGI) completed the acquisition of the conferencing services division of Citizens Communications Company (NYSE: CZN).
The company anticipates the acquisition will be accretive to revenues and earnings and has raised its 2005 financial outlook. The Company now anticipates revenues for the year will be in the range of $500 to $520 million and diluted EPS will be in the range of $0.69 to $0.72, not including the impact of the new accounting standard. (consensus is $0.72).
03/15/2005 04:10:17 PM
StreetInsider Alert for VICL
Mar 15, 2005 (streetinsider.com via COMTEX) --Vical Incorporated (Nasdaq: VICL) announced the issuance of U.S. Patent No. 6,867,195, broadly covering the use of cationic lipid-mediated delivery of DNA for both immunization and delivery of biologically active proteins.
03/15/2005 04:10:16 PM
StreetInsider Alert for OPNT
Mar 15, 2005 (streetinsider.com via COMTEX) --OPNET Technologies, Inc. (NASDAQ: OPNT) announced a multi-year worldwide distribution agreement with Cisco Systems (Nasdaq: CSCO).
Under the terms of the agreement, Cisco will distribute a broad range of OPNET's advanced software products. OPNET and the Cisco Network Management Technology Group will also collaborate on new network management solutions.
03/15/2005 04:05:22 PM
StreetInsider Alert for TPC
Mar 15, 2005 (streetinsider.com via COMTEX) --Triton PCS Holdings Inc (NYSE: TPC) reported a Q4 loss of $0.52, 2 cents worse than estimates. Revenues came in at $195.5 million versus the consensus of $198.29 million.
03/15/2005 04:05:21 PM
StreetInsider Alert for OO
Mar 15, 2005 (streetinsider.com via COMTEX) --Oakley, Inc. (NYSE:OO) announced its Board of Directors has authorized the repurchase of up to an additional $20 million of its common stock in the open market from time to time as market conditions warrant. Since 1996, the company has bought 6,090,700 shares of its common stock for approximately $60.0 million. Subject to market conditions, the company expects to complete in the second quarter of this year the balance of the Board's most recent $20 million repurchase program, which was authorized in September 2002.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
GSK WYE PTV UNIZ COHR CEDC CCUR CHKE ISIS CSC DJ:INDU ( TIVO CLTK MDKI VIAC TRKN ABIX DCAI MACE REDI KENT OSIP ) (To Earlier Below)
03/15/2005 03:35:09 PM
StreetInsider Alert for GSK
Mar 15, 2005 (streetinsider.com via COMTEX) --GlaxoSmithKline (NYSE: GSK) announced that its booster vaccine candidate, Boostrix [Tetanus Toxoid, Reduced Diphtheria Toxoid and Acellular Pertussis Vaccine, Adsorbed (Tdap)] received a unanimous favorable recommendation from the Vaccines and Related Biological Products Advisory Committee of the FDA. Currently, there is no pertussis vaccine approved for use in the U.S. for children seven years of age or older. Immunity from childhood vaccination generally wears off after five to 10 years, leaving many adolescents susceptible to this highly contagious disease. If approved, Boostrix would add a pertussis component to the routine tetanus/diphtheria booster currently recommended for adolescents. The committee's favorable recommendation, although not binding, will be considered by the FDA in its final review of the Biologics License Application (BLA) for Boostrix.
03/15/2005 03:25:14 PM
StreetInsider Alert for WYE
Mar 15, 2005 (streetinsider.com via COMTEX) --Wyeth (NYSE: WYE) said that Judge Harvey Bartle III of the U.S. District Court for the Eastern District of Pennsylvania has approved the proposed Seventh Amendment to the National Diet Drug Settlement. The judge's ruling followed a fairness hearing on January 18 and 19.
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03/15/2005 03:00:26 PM
StreetInsider Alert for PTV
Mar 15, 2005 (streetinsider.com via COMTEX) --Pactiv Corporation (NYSE: PTV) announced the purchase of Newspring Industrial Corp., a leading manufacturer of thin wall injection molded polypropylene products for use in the take-out, delicatessen, and foodservice markets. The purchase price was approximately six times 2004 EBITDA. Newspring sales in 2004 were approximately $60 million. The acquisition is expected to be slightly accretive to 2005 earnings. Assets acquired include three manufacturing facilities.
03/15/2005 03:00:13 PM
StreetInsider Alert for UNIZ
Mar 15, 2005 (streetinsider.com via COMTEX) --Unizan Financial Corp. (Nasdaq: UNIZ) announced that it has filed with the Securities and Exchange Commission for an automatic extension of 15 calendar days to file its annual report on Form 10-K for the year ended December 31, 2004. Unizan filed the extension request because it will be unable to complete the preparation of its consolidated financial statements as well as management's assessment of internal controls over financial reporting by March 16, 2005, the initial filing date, without unreasonable effort or expense. The Company anticipates filing its annual report on Form 10-K on March 31, 2005.
03/15/2005 02:55:24 PM
StreetInsider Alert for COHR
Mar 15, 2005 (streetinsider.com via COMTEX) --Coherent Inc (Nasdaq: COHR) entered into a Transition and General Release of Claims Agreement with Vittorio Fossati-Bellani, the registrant's Executive Vice President and Chief Marketing Officer, which became effective March 11, 2005. The Transition Agreement provides that Mr. Fossati-Bellani will resign from his position as Executive Vice President and Chief Marketing Officer at the end of the second fiscal quarter of 2005, and will remain employed by the registrant in the capacity of Strategic Planning Specialist until April 7, 2006, or an earlier date if he is terminated for cause or voluntarily terminates his employment with the registrant. During the period beginning the third fiscal quarter of 2005 and ending on April 7, 2006, Mr. Fossati-Bellani will receive an annualized base salary of $175,000 and be eligible to participate in the registrant's bonus plan. In addition, Mr. Fossati-Bellani will be entitled to receive a termination payment of $200,000 within 10 days of April 7, 2006, provided he is not terminated for cause.
03/15/2005 02:40:11 PM
StreetInsider Alert for CEDC
Mar 15, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Central European Dist (Nasdaq: CEDC) from 'neutral' to 'buy'.
03/15/2005 02:05:24 PM
StreetInsider Alert for CCUR
Mar 15, 2005 (streetinsider.com via COMTEX) --Concurrent Computer Corporation (NASDAQ: CCUR) announced that its high-performance iHawk multiprocessor systems running Concurrent's real-time RedHawk Linux operating system and its ImaGen image generation solution will be used by Lockheed Martin (NYSE: LMT). Lockheed Martin was chosen by the U.S. Navy to develop and build a new fleet of presidential US101 helicopters. Concurrent's high-performance iHawk multiprocessor system will serve as the real-time simulation host in the building of the fleet.
03/15/2005 01:55:14 PM
StreetInsider Alert for CHKE
Mar 15, 2005 (streetinsider.com via COMTEX) --Cherokee Inc. (NASDAQ: CHKE) announced that it signed an exclusive agreement with Roots Canada to represent the Roots brand in the United States. Under the terms of the agreement, Cherokee will engineer strategic retail direct licensing opportunities for Canada's leading athletic lifestyle brand.
03/15/2005 01:45:25 PM
StreetInsider Alert for ISIS
Mar 15, 2005 (streetinsider.com via COMTEX) --Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced it has initiated a Phase I study of an oral capsule formulation of ISIS 301012, a second-generation antisense inhibitor of apoB-100, for the lowering of high cholesterol. The initiation of this trial expands the Company's clinical development program for ISIS 301012. The subcutaneous form of the drug is completing a Phase 1 study and is expected to enter Phase 2 clinical trials later this year. Data previously reported from the Phase 1 trial showed that subcutaneously administered ISIS 301012 produced rapid and prolonged reductions of its target, apoB-100, as well as low density lipid (LDL), very low density lipid (VLDL) and total cholesterol in healthy volunteers with elevated cholesterol. ApoB-100 is the sole lipoprotein of LDL cholesterol, the "bad" lipid involved in heart disease.
03/15/2005 01:45:11 PM
StreetInsider Alert for CSC
Mar 15, 2005 (streetinsider.com via COMTEX) --Computer Sciences Corporation (NYSE: CSC) announced that AmeriCredit Corp., a leading independent auto finance company, has renewed its insurance compliance tracking contract with CSC. Through this business process outsourcing (BPO) relationship, AmeriCredit will continue to monitor insurance overage required for its customers.
03/15/2005 01:25:15 PM
StreetInsider Alert for DJ:INDU
Mar 15, 2005 (streetinsider.com via COMTEX) --03/15: Streetinsider.com's Unusual 11 Afternoon Movers:
TiVo Inc. (Nasdaq: TIVO) 49.37% HIGHER; has reached an agreement with Comcast (Nasdaq: CMCSA).
Celeritek, Inc. (Nasdaq: CLTK) 43.66% HIGHER; sells assets to Mimix Broadband for $2.8 million in cash.
Medicore, Inc. (Nasdaq: MDKI) 37.32% HIGHER; merger with Dialysis Corporation of America (Nasdaq: DCAI).
ViaCell, Inc. (Nasdaq: VIAC) 25.48% HIGHER; entered into a collaboration with Genzyme Corporation (Nasadaq: GENZ).
Trikon Technologies (NASDAQ: TRKN) 25.13% HIGHER; merger agreement with Aviza Technology, Inc.
ABATIX CORP. (Nasdaq: ABIX) 21.45% HIGHER; net sales and EPS for 2004 rose considerably.
Dialysis Corporation of America (Nasdaq: DCAI) 18.27% LOWER; will merge with Medicore, Inc. (Nasdaq: MDKI).
Mace Security International, Inc. (Nasdaq: MACE) 17.06% HIGHER; signed two agreements with Brandchain, LLC to purchase for re-sell Mace electronic surveillance products.
Remote Dynamics, Inc. (Nasdaq: REDI) 11.94% HIGHER; signed more than 20 REDIview customers since its launch.
Kent Financial Services Inc (Nasdaq: KENT) 9.80% LOWER; Chairman, Paul Koether, sold 28,000 shares on 03/11 at $4.13.
OSI Pharma (Nasdaq: OSIP) 8.87% LOWER; Lehman Brothers downgraded the stock citing lackluster Tarceva trends.
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EMR FATS MACE INGR VEGF BOFI HRLY CARN (To Earlier Below)
03/15/2005 12:40:11 PM
StreetInsider Alert for EMR
Mar 15, 2005 (streetinsider.com via COMTEX) --Emerson Process Management, a business of Emerson (NYSE: EMR) announced that it has won a $7.4 million contract to automate China's new Datang Ningde Power Plant.
03/15/2005 12:35:28 PM
StreetInsider Alert for FATS
Mar 15, 2005 (streetinsider.com via COMTEX) --Firearms Training Systems Inc (OTCBB: FATS) announced that it has been awarded a contract valued at more than $4 million from the U.S. Marine Corps for new virtual training systems as well as spares and components to support their currently fielded systems.
03/15/2005 12:35:26 PM
StreetInsider Alert for MACE
Mar 15, 2005 (streetinsider.com via COMTEX) --Mace Security International, Inc. (Nasdaq: MACE) announced that it signed two separate exclusive agreements with Brandchain, LLC ("Brandchain") to purchase for re-sell Mace electronic surveillance products in Ireland ("Ireland Agreement") and the United Kingdom ("UK Agreement").
Pursuant to the terms of the Ireland Agreement, Brandchain has the exclusive right to sell Mace's electronic surveillance products in Ireland. Brandchain is required to purchase a minimum of $600,000 of products annually for each calendar year through 2010. Brandchain has already issued its first $600,000 purchase order, and as required by the agreement, Mace has received $200,000 as partial payment with the balance to be paid upon delivery of the products ordered.
03/15/2005 12:30:10 PM
StreetInsider Alert for INGR
Mar 15, 2005 (streetinsider.com via COMTEX) --Intergraph (NASDAQ: INGR) Mapping and Geospatial Solutions announced Serco Integrated Transport, a world-leading developer of Intelligent Traffic Management Systems, has selected Intergraph's transportation solutions to develop a new Web portal, called Electronic Service Delivery for Abnormal Loads (ESDAL), for the Highways Agency (HA) in Great Britain. The ESDAL will be a one-stop, Web-based portal for assisted route planning and automated notification of abnormal load movements.
03/15/2005 11:45:13 AM
StreetInsider Alert for VEGF
Mar 15, 2005 (streetinsider.com via COMTEX) --Corautus Genetics Inc. (Nasdaq: VEGF) selected PPD, Inc. (Nasdaq: PPDI) to provide certain clinical research services for GENASIS Corautus' Phase IIb clinical trial to evaluate the safety and efficacy of Vascular Endothelial Growth Factor-2 for the treatment of patients with severe angina.
03/15/2005 11:10:17 AM
StreetInsider Alert for BOFI
Mar 15, 2005 (streetinsider.com via COMTEX) --Today's IPO for BofI Holding (Nasdaq: BOFI) opens for trading. The stock is trading at $11.54 after pricing at $11.50. The 2.25 million share deal was led by WR Hambrecht and Seidler. BofI Holding, Inc. is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet.
03/15/2005 11:10:16 AM
StreetInsider Alert for HRLY
Mar 15, 2005 (streetinsider.com via COMTEX) --Herley Industries, Inc. (Nasdaq: HRLY) announced a significant contract award from EADS Defence Electronics, the electronic warfare house of EADS. EADS Defence provides electronic self-protection equipment for aircraft, ships and armored vehicles.
03/15/2005 11:05:10 AM
StreetInsider Alert for CARN
Mar 15, 2005 (streetinsider.com via COMTEX) --Carrington Laboratories, Inc. (Nasdaq: CARN) announced that its DelSite Biotechnologies, Inc. subsidiary has initiated a Phase I clinical trial of the GelVac nasal powder vaccine delivery system. The double-blind, randomized, three-way crossover study is intended to evaluate the nasal deposition of the GelVac powder as well as to assess the safety and determine the nasal retention characteristics of the GelVac system.
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DJ:INDU ( TIVO CMCSA MDKI DCAI CLTK VIAC DCAI MDKI GNTA DNA PDLI ) TZOO (To Earlier Below)
03/15/2005 10:35:13 AM
StreetInsider Alert for DJ:INDU
Mar 15, 2005 (streetinsider.com via COMTEX) --03/15: Streetinsider.com's Unusual 8 Morning Movers:
TiVo Inc. (Nasdaq: TIVO) 57.70% HIGHER; has reached an agreement with Comcast (Nasdaq: CMCSA) making the TiVo service and advertising capability widely available to Comcast customers in the majority of its markets around the country.
Medicore, Inc. (Nasdaq: MDKI) 45.85% HIGHER; will merge with Dialysis Corporation of America (Nasdaq: DCAI).
Celeritek, Inc. (Nasdaq: CLTK) 40.85% HIGHER; the company and Mimix Broadband, Inc have entered into an asset purchase agreement where Mimix will acquire Celeritek's assets relating to its gallium arsenide semiconductor components business for $2.8 million in cash.
ViaCell, Inc. (Nasdaq: VIAC) 18.22% HIGHER; entered into a collaboration with Genzyme Corporation (Nasadaq: GENZ) related to diabetes research.
Dialysis Corporation of America (Nasdaq: DCAI) 14.02% LOWER; will merge with Medicore, Inc. (Nasdaq: MDKI).
Genta Incorporated (Nasdaq: GNTA) 6.56% HIGHER; announced that LR3001 has received Orphan Drug designation from the FDA for the treatment of chronic myelocytic leukemia.
Genentech (NYSE: DNA) 5.1% HIGHER; continues yesterday's advance after positive news on Avastin
Protein Design Labs Inc (Nasdaq: PDLI) 4.12% HIGHER; reported a Q4 loss 1 cent better than estimates, positive FY05 guidance and Salomon Smith Barney upgraded the stock.
03/15/2005 09:40:19 AM
StreetInsider Alert for TZOO
Mar 15, 2005 (streetinsider.com via COMTEX) --Travelzoo Inc (Nasdaq: TZOO) CEO, Ralph Bartel, sells 685,000 shares from 03/11-03/14 for $48.08-$56.31.
~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return
MOT CVC TIVO QCOM TOY VIAC LTD BJRI EPNY VIRL REDI EXTR ASTE TRKN NCC NURO SIGA PDLI BBY DRRX BCRX YSI SMTS UBSH CAV NFP BBX WAB EDR ACS LEH VAS MON IDNX IFLO PLT POT AGU DCAI ATYT IPS GTXI ANSI ENDP ROV PLCE BEV AZPNE CEY BER L CMVT ASCL MAXM ZOLL ABS EL TSO ESLT STN ASF ILA AIG
03/15/2005 09:20:11 AM
StreetInsider Alert for MOT
Mar 15, 2005 (streetinsider.com via COMTEX) --CTIA Motorola, Inc. (NYSE: MOT) announced that it has received a US$150 million expansion order to deploy its CDMA2000 1X Radio Access Network system for KDDI, the leading carrier for 3G cellular phone service in Japan. The Motorola RAN system is scheduled for deployment beginning in fiscal 2006, primarily for services in the 2 GHz band, where KDDI has already begun to roll out services. The order represents the first stage in a broader plan for Motorola to provide equipment and services for KDDI's continued deployment of CDMA2000 1X.
03/15/2005 09:20:10 AM
StreetInsider Alert for CVC
Mar 15, 2005 (streetinsider.com via COMTEX) --Bear Stears upgrades Cablevision Systems (NYSE: CVC) from 'underperform' to 'peer perform' with a $35 price target.
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03/15/2005 09:10:11 AM
StreetInsider Alert for TIVO
Mar 15, 2005 (streetinsider.com via COMTEX) --UPDATE: Comcast (Nasdaq: CMCSA) (Nasdaq: CMCSK) and TiVo Inc. (Nasdaq: TIVO) announced that the companies have reached an agreement to make the TiVo service and advertising capability widely available to Comcast customers in the majority of its markets around the country.
Under the terms of the agreement, Comcast and TiVo will work together to develop a version of the TiVo service that will be made available on Comcast's current primary DVR platform. New software will be developed by TiVo and will be incorporated into Comcast's existing network platforms. The new service will be marketed with the TiVo brand, and is expected to be available on Comcast's DVR products in a majority of Comcast markets in mid-to-late 2006.
03/15/2005 09:10:10 AM
StreetInsider Alert for QCOM
Mar 15, 2005 (streetinsider.com via COMTEX) --QUALCOMM Incorporated (Nasdaq: QCOM) announced that it has signed a definitive agreement with Amp'd Mobile, a mobile virtual network operator specifically geared for the youth audience, to offer downloadable wireless applications and services based on QUALCOMM's BREW solution. Amp'd Mobile plans to target the growing legion of 18-35 year old mobile users with a feature-rich user interface and access to user-friendly BREW games, entertainment, video and information applications and services, all via a 3G CDMA2000 1xEV-DO network.
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03/15/2005 09:05:18 AM
StreetInsider Alert for TOY
Mar 15, 2005 (streetinsider.com via COMTEX) --Toys "R" Us, Inc. (NYSE: TOY) said it will delay the release of its financial results for the 2004 fourth quarter and full year ended January 29, 2005. The delay will provide the Company and its auditors adequate time to evaluate the change in accounting for leases and leasehold improvements based on its previously announced review.
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03/15/2005 09:00:31 AM
StreetInsider Alert for VIAC
Mar 15, 2005 (streetinsider.com via COMTEX) --ViaCell, Inc. (Nasdaq: VIAC) and Genzyme Corporation (Nasadaq: GENZ) announced today that the two companies entered into a collaboration related to diabetes. Over the next 18 months Genzyme will conduct research to improve production and characterization of islet stem cells, and to undertake preclinical proof-of-concept studies for the transplantation of adult islet stem cells derived from donated pancreatic tissue. ViaCell will work with Genzyme and conduct complementary preclinical research. No financial terms of the agreement were announced.
03/15/2005 09:00:30 AM
StreetInsider Alert for LTD
Mar 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers Holdings initiated coverage on Limited Brands Inc (NYSE: LTD) with an 'equal weight' rating.
03/15/2005 09:00:30 AM
StreetInsider Alert for BJRI
Mar 15, 2005 (streetinsider.com via COMTEX) --The Seidler Companies initiated coverage on BJ's Restaurants, Inc. (Nasdaq: BJRI) with a 'buy' rating; $22.00 price target.
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03/15/2005 08:55:16 AM
StreetInsider Alert for EPNY
Mar 15, 2005 (streetinsider.com via COMTEX) --Merriman Curhan Ford upgraded Epiphany Incorporated (Nasdaq: EPNY) from 'neutral' to 'buy'. The firm noted valuation as the reason for the upgrade.
03/15/2005 08:55:15 AM
StreetInsider Alert for VIRL
Mar 15, 2005 (streetinsider.com via COMTEX) --IRG Research initiated coverage on Virage Logic Corporation (Nasdaq: VIRL) with a 'buy' rating; $18.00 price target.
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03/15/2005 08:45:13 AM
StreetInsider Alert for REDI
Mar 15, 2005 (streetinsider.com via COMTEX) --Remote Dynamics, Inc. (Nasdaq: REDI) announced it has signed more than 20 REDIview customers, representing approximately 800 units, since its launch of the new product on Jan. 18, 2005.
03/15/2005 08:45:12 AM
StreetInsider Alert for EXTR
Mar 15, 2005 (streetinsider.com via COMTEX) --Extreme Networks, Inc. (Nasdaq: EXTR) has delivered a scalable network based on its innovative BlackDiamond 10K core switch and the new Extreme Aspen 8800 modular switches to Agere Systems, a global leader in semiconductors for storage, wireless data and enterprise networks. Agere is outfitting its corporate headquarters with an advanced network infrastructure that delivers improved availability and resiliency for its business applications.
03/15/2005 08:40:17 AM
StreetInsider Alert for ASTE
Mar 15, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets upgraded Astec Industries, Inc. (Nasdaq: ASTE) from 'hold' to 'buy'; $25.00 price target. The firm thinks the prospects of a highway bill are improving and ASTE is uniquely leveraged to transportation spending. They raised their '05 forecast to $1.04 from 82c due to increased rev projection for Astec.
03/15/2005 08:40:16 AM
StreetInsider Alert for TRKN
Mar 15, 2005 (streetinsider.com via COMTEX) --Aviza Technology, Inc. and Trikon Technologies (NASDAQ: TRKN) entered into a definitive agreement to consolidate through merger.
Under the terms of the agreement, Aviza and Trikon will consolidate under a new holding company, to be named Aviza Technology, Inc., that is expected to trade on the Nasdaq National Market. Former Aviza stockholders will own approximately 60% of the new company and former Trikon shareholders will own approximately 40% of the new company, with VantagePoint Venture Partners, Aviza's largest stockholder, owning approximately 50% of the new company.
03/15/2005 08:40:16 AM
StreetInsider Alert for NCC
Mar 15, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt Gerard initiated coverage on National City Corporation (NYSE: NCC) with an 'underperform' rating; $35.00 price target. Credit Suisse First Boston upgraded the stock from 'underperform' to 'neutral'. They raised their outlook on the stock citing valuation, NCC's recent underperformance, and the lack of any material negative developments in its 1Q05 mid-qtr update.
03/15/2005 08:40:15 AM
StreetInsider Alert for NURO
Mar 15, 2005 (streetinsider.com via COMTEX) --NeuroMetrix, Inc. (Nasdaq: NURO) joined Eli Lilly and Company (NYSE: LLY) in an Education & Development Program to improve awareness and detection of diabetic peripheral neuropathy (DPN).
03/15/2005 08:40:05 AM
StreetInsider Alert for SIGA
Mar 15, 2005 (streetinsider.com via COMTEX) --SIGA Technologies, Inc. (NASDAQ: SIGA) said their Smallpox drug, SIGA-246, has entered preclinical development.
03/15/2005 08:35:38 AM
StreetInsider Alert for PDLI
Mar 15, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Protein Design Labs Inc (Nasdaq: PDLI) from 'hold' to 'buy'; target price increased from $20.00 to $25.00. The firm raised their outlook on the stock due to PDLI's Q4 results. They also upped their ests across the board to reflect the ESP acquisition and increased Avastin sales. In addtion, they look for PDLI to become cash flow positive by 2006, one year earlier than previously expected.
03/15/2005 08:35:37 AM
StreetInsider Alert for BBY
Mar 15, 2005 (streetinsider.com via COMTEX) --FTN Midwest Research downgraded Best Buy Company Inc (NYSE: BBY) from 'neutral' to 'sell'; $42.00 price target. The firm has lowered their recommendation on Best Buy citing the following factors: 1) A potential downturn in non-television categories during 2005 could pressure comparable sales; 2) Increased competition and promotional activity will lead to continued gross margin pressure; 3) Rising short-term interest rates may pressure consumer spending and no-interest financing costs; 4) Slowing square footage growth and smaller store prints make top-line growth more challenging; 5) Shrinking product cycle could negatively impact warranty attachment rates and profitability; and 6) Best Buy cycles against peak top-line and operating margin comparisons during FY06.
03/15/2005 08:35:36 AM
StreetInsider Alert for DRRX
Mar 15, 2005 (streetinsider.com via COMTEX) --CIBC World Markets upgraded Durect Corporation (Nasdaq: DRRX) from 'underperform' to 'sector perform'. The firm's upgrade follows Durect announcing a new collaboration with Endo Pharmaceuticals covering North American rights to the company's sufentanil pain patch, currently in a Phase I trial. They add that the deal brings cash ($10 mln up-front), milestones (up to $35 mln) and royalties (likely double digit) to DRRX. In addition, the firm noted that the new partnership lessens development risk on Direct's P&L, provides validation for this product and removes focus from Chronogesic, delayed due to technical issues.
03/15/2005 08:35:36 AM
StreetInsider Alert for BCRX
Mar 15, 2005 (streetinsider.com via COMTEX) --BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) said BCX-4208 has successfully completed a Phase I, placebo-controlled, single ascending dose, pharmacokinetic and safety trial involving 84 healthy volunteers.
Results from this Phase I study indicate that single doses of BCX-4208 ranging from 0.5 mg/kg to 3 mg/kg were well-tolerated among the broad spectrum of safety parameters being monitored. Additionally, BCX-4208 achieved a dose- related inhibition of PNP, which effectively increases the serum level of deoxyguanosine that is necessary for selective suppression of T-cell activation.
Based on these positive results, BioCryst intends to initiate a randomized, double-blind, escalating multi-dose Phase I trial with BCX-4208 to further evaluate its safety profile and pharmacokinetics in approximately 60 healthy volunteers beginning in the second quarter of 2005.
______* Listing Until Market Open *
03/15/2005 08:30:22 AM
StreetInsider Alert for YSI
Mar 15, 2005 (streetinsider.com via COMTEX) --Raymond James Financial upgraded U-Store-It Trust (NYSE: YSI) from 'market perform' to 'outperform'; $18.00 price target. The firm's upgrade follows YSI's first earnings report since going public in October. In addition, they cited better than anticipated acquisition volumes and an attractive relative valuation.
03/15/2005 08:30:20 AM
StreetInsider Alert for SMTS
Mar 15, 2005 (streetinsider.com via COMTEX) --Somanetics Corporation (Nasdaq: SMTS) reports Q1 EPS of $0.06, 1 cent better than estimates. Revenues came in at $4.03 million versus the consensus of $3.64 million. Says FY05 revenue will increase between 47%-52%, versus prior guidance of a 40%-45% rise.
03/15/2005 08:30:20 AM
StreetInsider Alert for UBSH
Mar 15, 2005 (streetinsider.com via COMTEX) --Janney Montgomery Scott upgraded Union Bankshares Corporation (Nasdaq: UBSH) from 'hold' to 'buy'; $38.00 price target. The firm raised their outlook on the stock noting that it has declined approximately 8% over the past two weeks on no company news. In addition, they feel Union has built a fine franchise over the past few years which would be desirable to potential acquirers, if and when mgmt should decide to sell.
03/15/2005 08:25:12 AM
StreetInsider Alert for CAV
Mar 15, 2005 (streetinsider.com via COMTEX) --Avondale Partners LLC initiated coverage on Cavalier Homes, Inc. (AMEX: CAV) with a 'market perform' rating.
03/15/2005 08:25:11 AM
StreetInsider Alert for NFP
Mar 15, 2005 (streetinsider.com via COMTEX) --Goldman Sachs & Co. upgraded National Financial Partners (NYSE: NFP) from 'in-line' to 'outperform'. The firm raised their recommendation believing NFP culd achieve 8%-18% upside over the medium-term, based on: 1) strong EPS growth, 2) good cash flow momentum, and 3) its unique M&A roll-up model.
03/15/2005 08:25:11 AM
StreetInsider Alert for BBX
Mar 15, 2005 (streetinsider.com via COMTEX) --Stanford Group initiated coverage on BankAtlantic Bancorp Inc (NYSE: BBX) with a 'buy' rating; $21.50 price target.
03/15/2005 08:20:12 AM
StreetInsider Alert for WAB
Mar 15, 2005 (streetinsider.com via COMTEX) --Wabtec Corporation (NYSE: WAB) increased its 2005 guidance for earnings per diluted share to about $1.10, versus its previous guidance of about $1 and the consensus of $1.02.
03/15/2005 08:20:11 AM
StreetInsider Alert for EDR
Mar 15, 2005 (streetinsider.com via COMTEX) --JP Morgan initiated coverage on Education Realty Trust, Incorporated (NYSE: EDR) with an 'overweight' rating.
03/15/2005 08:20:10 AM
StreetInsider Alert for ACS
Mar 15, 2005 (streetinsider.com via COMTEX) --Affiliated Computer Services, Inc., (NYSE: ACS) announced that it has been selected by the New Jersey Department of Human Services, Division of Family Development, Office of Child Support Services to provide a child support program payment receipt and processing system for the State.
03/15/2005 08:20:10 AM
StreetInsider Alert for LEH
Mar 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers (NYSE: LEH) reports Q1 earnings of $2.91 per share, 72 cents better than estimates. Revenues came in at $3.81 billion versus the consensus of $3.11 billion.
03/15/2005 08:15:19 AM
StreetInsider Alert for VAS
Mar 15, 2005 (streetinsider.com via COMTEX) --Viasys Healthcare Inc. (NYSE: VAS) announced that it has signed a definitive agreement to acquire Micro Medical Ltd. for a purchase price of approximately $39 million. In addition, in the transaction VIASYS is assuming approximately $1.2 million in net debt and has agreed, in certain circumstances, to make a contingent payment related to the sales of a new product and a contingent payment related to performance targets. Micro Medical, based in Chatham, U.K., had 2004 revenues of approximately $16 million and has a global presence in hand-held and desk top devices for respiratory measurements used to diagnose and monitor asthma, Chronic Obstructive Pulmonary Disease (COPD) and bronchitis.
03/15/2005 08:15:19 AM
StreetInsider Alert for MON
Mar 15, 2005 (streetinsider.com via COMTEX) --Monsanto Co (NYSE: MON) announced that it has obtained U.S. regulatory clearance for its next generation cotton technology, Roundup Ready Flex cotton. Today's announcement represents an important step forward towards the anticipated commercial launch for the 2006 growing season. Regulatory clearances in other key production and export countries are anticipated later this year.
03/15/2005 08:15:18 AM
StreetInsider Alert for IDNX
Mar 15, 2005 (streetinsider.com via COMTEX) --Identix Incorporated (Nasdaq: IDNX) was selected by the Michigan State Police Criminal Justice Information Center to provide statewide electronic fingerprinting services and related processing for licensing and employment purposes for the state of Michigan.
03/15/2005 08:15:14 AM
StreetInsider Alert for IFLO
Mar 15, 2005 (streetinsider.com via COMTEX) --I-Flow Corporation (NASDAQ: IFLO) announced that a long-term study on the use of ON-Q PainBuster following breast cancer surgery was presented recently at a major surgical meeting. This presentation, which includes two year follow-up data on a study originally published in The Journal of Surgical Research (December 2003), showed the benefits of ON-Q not only in reducing acute pain after surgery, but also in helping patients have less pain with daily activities over time. The additional results were presented at The Society of University Surgeons' 66th Annual Meeting in Nashville, Tennessee.
03/15/2005 08:10:12 AM
StreetInsider Alert for PLT
Mar 15, 2005 (streetinsider.com via COMTEX) --Plantronics, Inc. (NYSE: PLT) announced the up coming launch of a new headset built in partnership with Nextel Communications. The Plantronics MX153 Boom Headset with Direct Connect Button will help Nextel customers get business "done" while on the go.
______* More To Come *
03/15/2005 08:05:17 AM
StreetInsider Alert for POT
Mar 15, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgraded Potash Corporation of Saskatchewan, Inc. (NYSE: POT) from 'sector outperform' to 'sector perform'; $94.00 price target. The firm lowered its outlook on the shares due to valuation and a termpered fertilizer outlook.
03/15/2005 08:01:09 AM
StreetInsider Alert for AGU
Mar 15, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgraded Agrium Inc. (NYSE: AGU) from 'sector perform' to 'sector underperform'; $18.00 price target. The firm lowered its outlook on the shares due to valuation and a termpered fertilizer outlook.
03/15/2005 08:01:08 AM
StreetInsider Alert for DCAI
Mar 15, 2005 (streetinsider.com via COMTEX) --Dialysis Corporation of America (Nasdaq: DCAI) and Medicore, Inc. (Nasdaq: MDKI) agreed to terms whereby Medicore, Inc., which owns 57% of Dialysis Corporation of America, will merge into DCA for a total consideration of approximately 5,289,000 shares of DCA common stock. Upon completion of the merger, each Medicore shareholder will receive .68 shares of DCA common stock for each share of Medicore common stock, Medicore's current 57% ownership of DCA will be retired, and the aggregate outstanding shares of DCA will be approximately 9,000,000 shares of common stock.
03/15/2005 08:01:08 AM
StreetInsider Alert for ATYT
Mar 15, 2005 (streetinsider.com via COMTEX) --ATI Technologies Inc. (NASDAQ: ATYT) announced that IBM (NYSE: IBM) has selected the powerful FireGL V7100 high-end workstation graphics accelerator for the IBM IntelliStation Pro line.
03/15/2005 08:01:07 AM
StreetInsider Alert for IPS
Mar 15, 2005 (streetinsider.com via COMTEX) --IPSCO Inc. (NYSE: IPS) announced today its intention to initiate a share repurchase program, by way of a normal course issuer bid, through the facilities of the Toronto Stock Exchange of up to 10% of the public float of its Common Shares, approximately 4.2 million shares.
03/15/2005 08:00:59 AM
StreetInsider Alert for GTXI
Mar 15, 2005 (streetinsider.com via COMTEX) --GTx, Inc. (Nasdaq: GTXI) completed a Phase I clinical trial of ostarine, the Company's second selective androgen receptor modulator clinical product candidate. Results of the Phase I clinical trial indicated that ostarine appears to be safe and was well tolerated. There were no serious dose-related or clinically significant adverse events observed in the clinical trial. GTx plans to initiate a multiple ascending dose Phase I clinical trial of ostarine in April 2005.
03/15/2005 08:00:58 AM
StreetInsider Alert for ANSI
Mar 15, 2005 (streetinsider.com via COMTEX) --Advanced Neuromodulation Systems, Inc. (Nasdaq: ANSI) received FDA approval to market and sell its second rechargeable implantable pulse generator, the Eon Neurostimulation System.
03/15/2005 08:00:57 AM
StreetInsider Alert for ENDP
Mar 15, 2005 (streetinsider.com via COMTEX) --Advest upgrades Endo Pharmaceuticals (Nasdaq: ENDP) from Neutral to Buy after positive announcements-Price target $26.
03/15/2005 08:00:57 AM
StreetInsider Alert for ROV
Mar 15, 2005 (streetinsider.com via COMTEX) --Rayovac (NYSE: ROV) announced that it has entered into a definitive agreement to acquire Tetra Holding GmbH for a purchase price of approximately euro 415 million.
03/15/2005 08:00:56 AM
StreetInsider Alert for PLCE
Mar 15, 2005 (streetinsider.com via COMTEX) --Lehman Bros. upgrades Children's Place (Nasdaq: PLCE) from Underweight to Equalweight-Price target $48.
03/15/2005 08:00:55 AM
StreetInsider Alert for BEV
Mar 15, 2005 (streetinsider.com via COMTEX) --Beverly Enterprises (NYSE: BEV) reports Q4 earnings of $0.13 per share, 5 cents worse than estimates. Q4 revenues were $516.6 million, higher than analysts estimates of $511.77 million.
03/15/2005 08:00:53 AM
StreetInsider Alert for AZPNE
Mar 15, 2005 (streetinsider.com via COMTEX) --Jefferies & Co upgrades Aspen Tech (Nasdaq: AZPNE) from Underperform to Hold on positive business outlook-Price target $7.10.
03/15/2005 08:00:53 AM
StreetInsider Alert for CEY
Mar 15, 2005 (streetinsider.com via COMTEX) --Smith Barney reiterates Buy on Certegy (NYSE: CEY) and adds stock to Focus List.
03/15/2005 08:00:52 AM
StreetInsider Alert for BER
Mar 15, 2005 (streetinsider.com via COMTEX) --W. R. Berkley Corp (NYSE: BER) announced that its Board of Directors has approved a 3-for-2 common stock split to be paid in the form of a stock dividend to holders of record on March 24, 2005. The additional shares are expected to be issued on April 8, 2005. The Directors also declared a regular quarterly cash dividend on the company's post-split common stock of $0.05 per share.
03/15/2005 08:00:51 AM
StreetInsider Alert for L
Mar 15, 2005 (streetinsider.com via COMTEX) --Liberty Media (NYSE: L) announced that it intends to spin-off to its shareholders a separate company comprised of its ownership interests in Ascent Media Group, Inc. and Discovery Communications, Inc. The transaction, which is intended to be tax-free to shareholders and Liberty Media, will create a new publicly-traded company called Discovery Holding Company (DHC). DHC will be comprised of Liberty Media's 100% ownership interest in Ascent Media as well as its 50% ownership interest in Discovery.
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03/15/2005 08:00:38 AM
StreetInsider Alert for CMVT
Mar 15, 2005 (streetinsider.com via COMTEX) --UBS Securities upgrades Comverse Technology (Nasdaq: CMVT) from Neutral to Buy on positive-Price target $29.
03/15/2005 08:00:37 AM
StreetInsider Alert for ASCL
Mar 15, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Ascential Software (Nasdaq: ASCL) from Buy to Neutral on valuation.
03/15/2005 08:00:36 AM
StreetInsider Alert for MAXM
Mar 15, 2005 (streetinsider.com via COMTEX) --Maxim Pharmaceuticals (Nasdaq: MAXM) announced that it retained Piper Jaffray & Co. to advise and assist in identifying and evaluating its strategic options. Piper Jaffray & Co. is a leading investment bank serving the life science industry, and has extensive life science merger and acquisition expertise.
03/15/2005 08:00:35 AM
StreetInsider Alert for ZOLL
Mar 15, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades ZOLL Medical Corp (Nasdaq: ZOLL) from Market Perform to Outperform on valuation-Price target $32.
03/15/2005 08:00:35 AM
StreetInsider Alert for ABS
Mar 15, 2005 (streetinsider.com via COMTEX) --Albertson's (NYSE: ABS) reports Q4 earnings of $0.52 per share, in-line with estimates. Q4 revenues were $11.07 billion, higher than analysts estimates of $10.89 billion. ABS guides lower for full-year earnings outlook.
03/15/2005 08:00:34 AM
StreetInsider Alert for EL
Mar 15, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Estee Lauder (NYSE: EL) from Neutral to Overweight on current valuation.
03/15/2005 08:00:27 AM
StreetInsider Alert for TSO
Mar 15, 2005 (streetinsider.com via COMTEX) --Deutsche Bank downgrades Tesoro Petroleum (NYSE: TSO) from Buy to Hold on slower outlook-Price target $36.
03/15/2005 08:00:27 AM
StreetInsider Alert for ESLT
Mar 15, 2005 (streetinsider.com via COMTEX) --Elbit Systems (Nasdaq: ELST) reports Q4 earnings of $0.35 per share, 3 cents worse than estimates. Q4 revenues were $270.8 million, higher than analysts estimates of $261.40 million.
03/15/2005 08:00:26 AM
StreetInsider Alert for STN
Mar 15, 2005 (streetinsider.com via COMTEX) --Station Casinos (NYSE: STN) now sees Q1 earnings between $0.66-0.68 per share vs. analysts estimates of $0.60.
03/15/2005 08:00:25 AM
StreetInsider Alert for ASF
Mar 15, 2005 (streetinsider.com via COMTEX) --Robert W Baird upgrades Administaff (NYSE: ASF) from Underperform to Neutral after recent dip in stock price.
03/15/2005 08:00:25 AM
StreetInsider Alert for ILA
Mar 15, 2005 (streetinsider.com via COMTEX) --Robert W Baird upgrades Aquila Energy (NYSE: ILA) from Underperform to Neutral on positive outlook-Price target $4.
03/15/2005 08:00:24 AM
StreetInsider Alert for AIG
Mar 15, 2005 (streetinsider.com via COMTEX) --American Int'l Group (NYSE: AIG) announced that Martin J. Sullivan, 50, will replace Maurice "Hank" Greenberg as CEO.
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