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Monday, March 28, 2005 10:18:37 PM
Final - StreetInsider Alerts 03/28/2005 @ 04:55:20 PM
By StreetInsider.com, Investing-News.Com
Mar 28, 2005, 18:58
SMDI SBEI DJ:INDU ( SDS DIGI ACXM LEXR ) JNJ HCA EGP NTIQ CMS SMI (To Earlier Below)
03/28/2005 04:55:20 PM
StreetInsider Alert for SMDI
Mar 28, 2005 (streetinsider.com via COMTEX) --Sirenza Microdevices, Inc. (Nasdaq: SMDI) said it currently expects net revenue for the first quarter ending March 31, 2005 to be in the range of $12.0 million to $12.5 million, compared with previously announced guidance of $15.0 million to $16.0 million (consensus is $15.5M). The company cited lower-than-expected demand and deferrals of previously forecast orders across a number of OEM customers.
03/28/2005 04:55:19 PM
StreetInsider Alert for SBEI
Mar 28, 2005 (streetinsider.com via COMTEX) --SBE, Inc. (Nasdaq: SBEI) signed a definitive merger agreement to acquire PyX Technologies, Inc., a privately-held company specializing in the development of iSCSI software solutions.
03/28/2005 04:50:28 PM
StreetInsider Alert for DJ:INDU
Mar 28, 2005 (streetinsider.com via COMTEX) --The Dow finished 42.78 points higher to close at 10,485, the Nasdaq rose 1.46 points to close at 1,992, and the S&P 500 gained 2.86 points to close at 1,174.
The markets closed out the trading session in the green today as traders were positive on declining oil prices, a stronger dollar and the large private-equity deal to acquire SunGard Data Systems (NYSE: SDS).
Volume was relatively low with 1.70 billion shares trading on the NYSE and 1.48 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 18:14 on the NYSE and by a margin of 16:14 on the Nasdaq.
In individual stories, Digital Impact, Inc. (Nasdaq: DIGI) closed 50.66% higher after announcing it will be acquired by Acxiom Corporation (Nasdaq: ACXM) for $3.50 per share or approximately $140 million. On the downside, Lexar Media Inc (Nasdaq: LEXR) closed 17.41% lower as profit taking was abundant after the stock's recent run-up related to the Toshiba settlement.
Tomorrow traders will be watching for data from the Consumer Confidence Report, which is expected to hit the wires at 10:00 A.M.
03/28/2005 04:40:15 PM
StreetInsider Alert for JNJ
Mar 28, 2005 (streetinsider.com via COMTEX) --Stanford Group initiates coverage on Johnson & Johnson (NYSE: JNJ) with a 'sell' rating and a $52 price target. The analyst said, "In our opinion, JNJ is undergoing a metamorphosis from being a growth stock to being a value stock with, unfortunately, a disproportionately high P/E multiple. Unfortunately, it is in the nether land, being neither a growth stock any longer nor yet, a true value stock."
03/28/2005 04:25:17 PM
StreetInsider Alert for HCA
Mar 28, 2005 (streetinsider.com via COMTEX) --HCA (NYSE: HCA) announced that preliminary results for its first quarter indicate that net income per diluted share is expected to range from $0.88 to $0.93 for the quarter ending March 31, 2005 (consensus is $0.76)
HCA also announced its intention to divest 10 acute care hospitals located in six states.
03/28/2005 04:20:17 PM
StreetInsider Alert for EGP
Mar 28, 2005 (streetinsider.com via COMTEX) --EastGroup Properties, Inc. (NYSE: EGP) announced that it has agreed to sell 800,000 shares of common stock to Citigroup Global Markets Inc. The Company intends to use the net proceeds of approximately $29.5 million towards the acquisition or development of properties and to repay a portion of mortgage debt obligations due in 2005.
03/28/2005 04:15:19 PM
StreetInsider Alert for NTIQ
Mar 28, 2005 (streetinsider.com via COMTEX) --NetIQ Corp. (Nasdaq: NTIQ) announced that it has entered into a definitive agreement to sell its WebTrends web analytics business unit to Francisco Partners, one of the world's largest technology-focused private equity funds. Pursuant to the agreement, Francisco Partners will acquire NetIQ's WebTrends business unit for approximately $94 million in cash.
03/28/2005 04:15:19 PM
StreetInsider Alert for CMS
Mar 28, 2005 (streetinsider.com via COMTEX) --CMS Energy (NYSE: CMS) announced that it intends to offer 16 million shares of common stock to the public under the Company's currently effective shelf registration statement. The underwriters will be granted an option to purchase an additional 2.4 million shares of the Company's common stock to cover over- allotments.
03/28/2005 04:11:04 PM
StreetInsider Alert for SMI
Mar 28, 2005 (streetinsider.com via COMTEX) --Semiconductor Manufacturing International Corp (NYSE: SMI) announced that it has appointed Ms. Morning Wu as CGO and CAO, effective immediately.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
HRLY DJ:INDU ( TAYD DIGI ACXM MOVI BBI HLYW SNTO BKST XTND QCOM IMMR SLR LEXR PTIE INFS ) COMPQ (To Earlier Below)
03/28/2005 03:00:08 PM
StreetInsider Alert for HRLY
Mar 28, 2005 (streetinsider.com via COMTEX) --Herley Industries, Inc. (Nasdaq: HRLY) announced that it has received a modification to an existing contract in excess of $3.3 million to supply Tactical Instrument Landing Systems (TILS) for both the F/A-18F and E-2C Naval aircraft.
03/28/2005 01:20:10 PM
StreetInsider Alert for DJ:INDU
Mar 28, 2005 (streetinsider.com via COMTEX) --03/28: Streetinsider.com's Unusual 11 Afternoon Movers:
Taylor Devices Inc (Nasdaq: TAYD) 74.32% HIGHER; is seeing momentum after news of an 8.2 quake.
Digital Impact, Inc. (Nasdaq: DIGI) 49.78% HIGHER; will be acquired by Acxiom Corporation (Nasdaq: ACXM) for $140 million.
Movie Gallery, Inc. (Nasdaq: MOVI) 24.40% HIGHER; Blockbuster Inc. (NYSE: BBI) abandoned its offer to acquire Hollywood Entertainment Corporation (Nasdaq: HLYW), leaving the Company to back their offer for HLYW.
Sento Corporation (Nasdaq: SNTO) 20.72% HIGHER; announced $2.4 M in additional revenue and a two-year contract expansion with an existing customer.
Brookstone (Nasdaq: BKST) 19.10% HIGHER; reported Q4 earnings 2 cents better than estimates.
Extended Systems (Nasdaq: XTND) 18.60% HIGHER; QUALCOMM Incorporated (Nasdaq: QCOM) has licensed software development kits from the company.
Immersion Corporation, (Nasdaq: IMMR) 13.74% HIGHER; a jury awarded Immersion a total of $90.7 million in its suit against Sony Computer Entertainment, Inc. (NYSE: SNE).
Solectron Corporation (NYSE: SLR) 12.16% LOWER; Bear Stearns downgraded the stock.
Lexar Media Inc (Nasdaq: LEXR) 11.23% LOWER; profit taking after recent run-up related to Toshiba settlement.
Pain Therapeutics (Nasdaq: PTIE) 10.77% LOWER; Oppenheimer downgraded the stock.
Infocus Corporation (Nasdaq: INFS) 10.00% LOWER; Pacific Growth Equities downgraded the stock.
03/28/2005 01:15:20 PM
StreetInsider Alert for COMPQ
Mar 28, 2005 (streetinsider.com via COMTEX) --Posted at 12:10PM ET at StreetInsider.com Premium:
Some supposed Earthquake/Tsunami related stock plays are seeing interest after news of the 8.2 quake: Analytical Surveys Inc (Nasdaq: ANLT), Benthos Inc (Nasdaq: BTHS), Euro Tech Holdings Ltd (Nasdaq: CLWT), NetGuru Inc (Nasdaq: NGRU), Taylor Devices Inc (Nasdaq: TAYD).
NOTE - These companies did not see any significant business from the last Tsunami so it is unlikely that this event will have any material affect on business. Also note that the warning systems now in place appear to be effective.
TEVA FEI APSG SERO IMMU ATEA DJ:INDU ( DIGI ACXM IMMR SNE MOVI BBI HLYW SLR PTIE SDS ICGN LEXR ) ALCO CNTY PH (To Earlier Below)
03/28/2005 12:25:14 PM
StreetInsider Alert for TEVA
Mar 28, 2005 (streetinsider.com via COMTEX) --Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) said the FDA has granted tentative approval for the Company's ANDA for Olanzapine Tablets, 2.5 mg, 5 mg, 7.5 mg, 10 mg, 15 mg and 20 mg. Final approval is subject to the resolution of patent litigation and the expiration of any applicable exclusivity period enjoyed by another ANDA filer. Teva's Olanzapine Tablets are the AB-rated generic equivalent of Eli Lilly and Company's (NYSE: LLY) psychotropic agent Zyprexa Tablets.
03/28/2005 12:15:07 PM
StreetInsider Alert for FEI
Mar 28, 2005 (streetinsider.com via COMTEX) --Frequency Electronics, Inc. (AMEX: FEI) announced that its Board of Directors has authorized a stock repurchase program for up to $5 million of the Company's outstanding common stock. Shares may be repurchased in open market purchases, private transactions or otherwise at such times and from time to time, and at such prices and in such amounts as the Company believes appropriate and in the best interest of its shareholders. The timing and volume of repurchases will vary depending on market conditions and other factors. Purchases may be commenced or suspended at any time without notice. The Company currently has 8.5 million shares outstanding.
03/28/2005 11:55:08 AM
StreetInsider Alert for APSG
Mar 28, 2005 (streetinsider.com via COMTEX) --Applied Signal Technology, Inc. (Nasdaq: APSG) announced that it was awarded a $5 million letter subcontract. Under the terms of the agreement, Applied Signal Technology will begin system development; submit a proposal for the development phase; and work with the customer to finalize all the subcontract terms. If the development phase is agreed to as proposed the company estimates the total value of this subcontract, including the $5 million awarded under this letter subcontract, to be approximately $35 million. The effort will be performed over a three year period.
03/28/2005 11:35:09 AM
StreetInsider Alert for SERO
Mar 28, 2005 (streetinsider.com via COMTEX) --Serologicals Corporation (NASDAQ: SERO) announced that Upstate Group, its wholly owned subsidiary, obtained the rights from the University of California to sell the anti-ZAP-70 monoclonal antibody for diagnostic use. Studies show that the levels of expression of the ZAP-70 protein strongly predict the aggressiveness of chronic lymphocytic leukemia.
03/28/2005 11:30:19 AM
StreetInsider Alert for IMMU
Mar 28, 2005 (streetinsider.com via COMTEX) --Immunomedics, Inc. (Nasdaq: IMMU) said a patient with severe resistant systemic lupus erythematosus, including the development of human antichimeric antibodies against rituximab, responded to the Company's new humanized anti-CD20 monoclonal antibody.
03/28/2005 11:00:21 AM
StreetInsider Alert for ATEA
Mar 28, 2005 (streetinsider.com via COMTEX) --Astea International Inc. (Nasdaq: ATEA) is 49% higher in early action after the company reported a profitable fourth quarter and year-end 2004. The company said license revenues were up 313% and overall revenue was up 50%.
For the quarter ended December 31, 2004, Astea reported revenues of $5 million compared to revenues of $2.8 million for the same period in 2003. Net profit for the quarter was $186 thousand or $.06 per share, compared to a net loss of $2 million or $.68 per share for the same period in 2003.
03/28/2005 10:30:19 AM
StreetInsider Alert for DJ:INDU
Mar 28, 2005 (streetinsider.com via COMTEX) --03/28: Streetinsider.com's Unusual 8 Morning Movers:
Digital Impact, Inc. (Nasdaq: DIGI) 51.09% HIGHER; will be acquired by Acxiom Corporation (Nasdaq: ACXM) for $3.50 per share or approximately $140 million.
Immersion Corporation, (Nasdaq: IMMR) 25.91% HIGHER; a jury awarded Immersion $82.0 million in past damages, plus pre-judgment interest in the amount of $8.7 million, for a total of $90.7 million in its patent infringement suit against Sony Computer Entertainment, Inc.(NYSE: SNE).
Movie Gallery, Inc. (Nasdaq: MOVI) 21.70% HIGHER; Blockbuster Inc. (NYSE: BBI) abandoned its offer to acquire Hollywood Entertainment Corporation (Nasdaq: HLYW), leaving the Company to back their offer for HLYW.
Solectron Corporation (NYSE: SLR) 10.80% LOWER; Bear Stearns downgraded the stock from Outperform to Peer Perform.
Pain Therapeutics (Nasdaq: PTIE) 10.27% LOWER; Oppenheimer downgraded the stock from Buy to Neutral.
SunGard Data Systems (NYSE: SDS) 9.83% HIGHER; a takeover consortium will acquire SunGard in a transaction valued at approximately $11.3 billion.
Icagen (Nasdaq: ICGN) 9.62% HIGHER; JP Morgan started the stock with an Overweight rating.
Lexar Media Inc (Nasdaq: LEXR) 7.91% LOWER; profit taking after recent run-up related to Toshiba settlement.
03/28/2005 09:55:18 AM
StreetInsider Alert for ALCO
Mar 28, 2005 (streetinsider.com via COMTEX) --Alico, Inc., (Nasdaq: ALCO) announced that Craig Simmons has resigned as Chief Financial Officer of Alico, Inc., effective April 15, 2005. Mr. Simmons informed the Company that he would be pursuing a career in financial services. The Company has initiated a search to find his replacement.
03/28/2005 09:55:17 AM
StreetInsider Alert for CNTY
Mar 28, 2005 (streetinsider.com via COMTEX) --CL King initiates coverage on Century Casinos Inc (Nasdaq: CNTY) with an 'accumulate' rating and $11 price target.
03/28/2005 09:35:14 AM
StreetInsider Alert for PH
Mar 28, 2005 (streetinsider.com via COMTEX) --UPDATE: Parker Hannifin Corporation (NYSE: PH) sees Q3 EPS of $1.05-$1.15 versus its prior guidance of $1.10-$1.30 per diluted share (consensus is $1.24). The company revised full-year earnings estimates to be between $4.60 and $4.80 per diluted share (which includes 47 cents per share from discontinued operations) (consensus is $4.60).
INFS SPSS CRK VSR PECS DDD MDCO NTE BE ININ AGN RADI RADS DSTM SCS ZIXI IVX CMOS NFLX GIVN UNTD FFIV NANX CSC ACEL SLR CNP TIN VIAC EQR BGFV KONG VTIV TSA CHTT ANR ORB ABTLE XTND WAG SNTO VRX MIPS DIGI ARM CFC MDT VION ICCI OHI EAS WXS OHI CLGY SANM AIG ISTA BOBJ SPW RIG TOL SNE BKST LU MVSN TAP RL OVTI CEPH GMAI TNOX GPS ABC ISIL LGND YELL MEAD INTU INSP CHKP AMTD ELBO SDS
03/28/2005 09:25:18 AM
StreetInsider Alert for INFS
Mar 28, 2005 (streetinsider.com via COMTEX) --Pacific Growth Equities downgraded Infocus Corporation (Nasdaq: INFS) from Over Weight to Equal Weight.
03/28/2005 09:25:18 AM
StreetInsider Alert for SPSS
Mar 28, 2005 (streetinsider.com via COMTEX) --PUMA North America, Inc., a division of PUMA AG, a leading producer of athletic footwear, apparel, and accessories, is using SPSS predictive analytics software to manage its inventory real-time across its domestic retail operations. With SPSS (NASDAQ: SPSS) technologies, PUMA quickly arms its sales staff with information that drives decisions to optimize inventory and order management processes.
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03/28/2005 09:20:15 AM
StreetInsider Alert for CRK
Mar 28, 2005 (streetinsider.com via COMTEX) --Comstock Resources, Inc. (NYSE: CRK) announced that it has agreed to purchase certain oil and gas properties and related assets from EnSight Energy Partners, L. P. and its affiliates ("EnSight") for $192.5 million, subject to adjustment. The transaction will be effective April 1, 2005 and is expected to close in May 2005. With the acquisition, Comstock will acquire producing properties in East Texas, Louisiana and Mississippi. Comstock estimates that the properties being acquired have proved reserves of approximately 120.2 billion cubic feet of gas equivalent. These reserves are 57% natural gas and 43% oil. Approximately 37% of the proved reserves are in the proved developed category. The undeveloped reserves primarily relate to 96 proved undeveloped locations to be drilled. Future development costs related to the properties are estimated to be 67 cents per thousand cubic feet of natural gas equivalent. In addition to the proved reserves, Comstock estimates that the properties being acquired have probable reserves of 85.6 Bcfe which relate to an additional 133 drilling locations not included in the proved reserves.
03/28/2005 09:20:14 AM
StreetInsider Alert for VSR
Mar 28, 2005 (streetinsider.com via COMTEX) --VERSAR, Inc. (Amex: VSR) announced the Air Force Center for Environmental Excellence has awarded Versar approximately a $1.5 million modification to a current task order for construction oversight services for the Air Force construction program in Iraq. This brings Versar's total awards for the oversight of construction in Iraq to $4.4 million.
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03/28/2005 09:15:19 AM
StreetInsider Alert for PECS
Mar 28, 2005 (streetinsider.com via COMTEX) --PEC Solutions, Inc. (NASDAQ: PECS) announced that PEC's wholly-owned subsidiary, AC Technologies (ACT), has been awarded a contract from the US Army Defense Contracting Command - Washington. The terms of this multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract are for a 1-year base and four 1-year option terms. Work will be performed under task orders.
03/28/2005 09:15:19 AM
StreetInsider Alert for DDD
Mar 28, 2005 (streetinsider.com via COMTEX) --SCOLR Pharma, Inc. (AMEX: DDD) announced that it achieved positive initial clinical results from the testing of its over-the-counter (OTC) 12-hour CDT pseudoephedrine tablets utilizing the Company's patented Controlled Delivery Technology (CDT). This is the first of three planned subject dosing studies that SCOLR Pharma is conducting in support of an Abbreviated New Drug Application (ANDA) to the Food and Drug Administration later this year for a CDT-based 12-hour extended release pseudoephedrine formulation.
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03/28/2005 09:10:17 AM
StreetInsider Alert for MDCO
Mar 28, 2005 (streetinsider.com via COMTEX) --The Medicines Company (NASDAQ: MDCO) voluntarily suspended patient enrollment in its Clevelox Phase III safety trials. Trial enrollment was halted after a planned interim analysis of approximately half of the study population showed more frequent atrial fibrillation among patients randomized to Clevelox than patients randomized to comparator drugs.
03/28/2005 09:10:16 AM
StreetInsider Alert for NTE
Mar 28, 2005 (streetinsider.com via COMTEX) --Nam Tai Electronics, Inc. (NYSE: NTE) is pleased to announce that it has won orders from a new customer, Inventec Multimedia & Telecom Corporation ("Inventec"), a leading Taiwanese multi-national company, to produce LCD modules for its Internet Protocol ("IP") phones. Inventec mainly develops and manufactures IP terminals, digital still cameras, handheld multimedia PDAs and computer peripheral products such as USB storage devices, MP3 players and other related products.
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03/28/2005 09:05:19 AM
StreetInsider Alert for BE
Mar 28, 2005 (streetinsider.com via COMTEX) --BearingPoint, Inc. (NYSE: BE) announced the County of San Diego has awarded BearingPoint a three-year, $31 million contract to develop and implement a custom-developed integrated property tax system.
03/28/2005 09:05:18 AM
StreetInsider Alert for ININ
Mar 28, 2005 (streetinsider.com via COMTEX) --Vonexus Inc., a wholly owned subsidiary of Interactive Intelligence Inc. (Nasdaq: ININ ), has signed an agreement enabling it to package its Microsoft-based IP PBX software with Quintum Technologies' SIP Tenor VoIP MultiPath switches, giving organizations increased reliability, improved quality of service, and simplified deployment.
03/28/2005 09:05:18 AM
StreetInsider Alert for AGN
Mar 28, 2005 (streetinsider.com via COMTEX) --Allergan, Inc. (NYSE: AGN) announced it has entered into an exclusive licensing agreement with Sanwa Kagaku Kenkyusho Co., Ltd. (Sanwa) to develop and commercialize POSURDEX for the ophthalmic specialty market in Japan. POSURDEX is an investigational, bioerodable, extended release implant that delivers dexamethasone to the targeted disease site at the back of the eye for the treatment of macular edema. The companies currently estimate Japan's annual macular edema market could be over $100 million.
03/28/2005 09:05:17 AM
StreetInsider Alert for RADI
Mar 28, 2005 (streetinsider.com via COMTEX) --RADA Electronic Industries Ltd. (NASDAQ: RADI) announced that it has received a $1.0 Million purchase order from a leading European Company to design, develop and manufacture an advanced solid state recorder for an airborne system. This purchase order, which consists of the design, evelopment and manufacture of over 20 units, is part of a long-term agreement between the companies that was signed in the 4th quarter of 2003.
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03/28/2005 09:00:24 AM
StreetInsider Alert for RADS
Mar 28, 2005 (streetinsider.com via COMTEX) --Shell Eastern Petroleum, a member of the Royal Dutch/Shell Group of Companies, has entered into a five-year master arrangement with Radiant Systems, Inc. (NASDAQ: RADS) for the supply of point-of-sale (POS) software, back office software and related services across the Asia Pacific region.
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03/28/2005 08:55:13 AM
StreetInsider Alert for DSTM
Mar 28, 2005 (streetinsider.com via COMTEX) --Datastream Systems, Inc. (Nasdaq: DSTM) announced its OEM partnership with Cognos, the world leader in business intelligence and Corporate Performance Management (CPM). This alliance provides Datastream customers with unprecedented capabilities for analyzing and reporting cross-enterprise asset performance, complementing Datastream's industry-leading Analytics module which provides sophisticated modeling and forecasting capabilities to Datastream 7i users.
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03/28/2005 08:50:14 AM
StreetInsider Alert for SCS
Mar 28, 2005 (streetinsider.com via COMTEX) --Steelcase Inc. (NYSE: SCS) said it plans to continue consolidation of its North America operations as it moves to a more efficient industrial system. The company expects to close several manufacturing facilities in the Grand Rapids, Michigan area over the next two years. The company anticipates a net reduction of approximately 100 salaried and 500 hourly positions and approximately 2.6 million square feet of manufacturing space in North America related to these actions.
03/28/2005 08:50:13 AM
StreetInsider Alert for ZIXI
Mar 28, 2005 (streetinsider.com via COMTEX) --Zix Corporation (Nasdaq: ZIXI) announced that acting chief executive officer Rick Spurr has been appointed CEO. Spurr accepted the role of acting CEO on Feb. 8 as a result of former CEO John A. Ryan relinquishing the role.
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03/28/2005 08:45:17 AM
StreetInsider Alert for IVX
Mar 28, 2005 (streetinsider.com via COMTEX) --Lehman Brothers Holdings upgraded Ivax Corp (AMEX: IVX) from Equal-weight to Overweight; target price increased from $17.00 to $26.00. The firm based their upgrade on their more constructive outlook regarding above-avg 2006 earnings opportunities, driven by new blockbuster launches and stabilizing base business, in addition to a robust generic pipeline and expansion into the brand respiratory mkt.
03/28/2005 08:45:16 AM
StreetInsider Alert for CMOS
Mar 28, 2005 (streetinsider.com via COMTEX) --Adams Harkness upgraded Credence Systems Corp (Nasdaq: CMOS) from Buy to Strong Buy; $12 price target.
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03/28/2005 08:40:16 AM
StreetInsider Alert for NFLX
Mar 28, 2005 (streetinsider.com via COMTEX) --Netflix, Inc. (Nasdaq: NFLX) said it has surpassed three million subscribers. Netflix entered 2005 with 2.6 million members
03/28/2005 08:40:15 AM
StreetInsider Alert for GIVN
Mar 28, 2005 (streetinsider.com via COMTEX) --Wells Fargo Van Kasper downgraded Given Imaging Ltd ordinary shares (Nasdaq: GIVN) from Buy to Hold.
03/28/2005 08:40:15 AM
StreetInsider Alert for UNTD
Mar 28, 2005 (streetinsider.com via COMTEX) --United Online, Inc. (Nasdaq: UNTD) acquired certain assets related to PhotoSite, the online digital photo sharing business of Homestead Technologies, Inc., for approximately $10 million in cash and has entered into a related licensing and support agreement with Homestead Technologies.
03/28/2005 08:40:14 AM
StreetInsider Alert for FFIV
Mar 28, 2005 (streetinsider.com via COMTEX) --Kaufman Brothers initiated coverage on F5 Networks Inc (Nasdaq: FFIV) with a Hold rating; $49.00 price target. In the firm's view, while FFIV will continue to exhibit robust revenue and EPS growth, and deserves a premium multiple, the current premium afforded the stock reflects its opportunity and assumes flawless execution.
03/28/2005 08:40:14 AM
StreetInsider Alert for NANX
Mar 28, 2005 (streetinsider.com via COMTEX) --ThinkEquity Partners initiated coverage on Nanophase Technologies Corporation (Nasdaq: NANX) with an Accumulate rating; $8.00 target price.
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03/28/2005 08:35:16 AM
StreetInsider Alert for CSC
Mar 28, 2005 (streetinsider.com via COMTEX) --Computer Sciences Corporation (NYSE: CSC) announced that it has received the 2005 IBM PartnerWorld Beacon Award for "Best Use of IBM Technology in a Business Solution by a Global Consultant and Integrator Business Partner." The Beacon Award acknowledges CSC's role in helping property and casualty (P&C) insurers become more responsive, flexible and cost-efficient through its Exceed application software.
03/28/2005 08:35:16 AM
StreetInsider Alert for ACEL
Mar 28, 2005 (streetinsider.com via COMTEX) --Alfacell Corporation (Nasdaq: ACEL) announced that the Therapeutic Goods Administration (TGA) in Australia has granted ONCONASE (ranpirnase) Orphan Drug status for the indication of malignant mesothelioma (MM). ONCONASE is also designated as an Orphan Drug for MM in Europe.
03/28/2005 08:35:15 AM
StreetInsider Alert for SLR
Mar 28, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded Solectron Corporation (NYSE: SLR) from Outperform to Peer Perform. In the firm's opinion, the margin driven turnaround has stalled based on customer-specific share loss and the slower ramping of new programs.
03/28/2005 08:35:15 AM
StreetInsider Alert for CNP
Mar 28, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets upgraded CenterPoint Energy, Inc. (NYSE: CNP) from Underweight to Hold.
03/28/2005 08:30:29 AM
StreetInsider Alert for TIN
Mar 28, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded Temple-Inland Inc (NYSE: TIN) from Buy to Neutral; target price decreased from $86.00 to $80.00. The firm noted that Carl Icahn does not intend to nominate candidates for the Board of Directors at TIN's annual meeting on May 6. They feel this decision temporarily cut the probability that TIN is broken up, and the sum-of-parts weighting in their overall valuation.
03/28/2005 08:30:29 AM
StreetInsider Alert for VIAC
Mar 28, 2005 (streetinsider.com via COMTEX) --CSFB initiates coverage on Viacell (Nasdaq: VIAC) with an 'outperform' rating and $14 price target.
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03/28/2005 08:30:18 AM
StreetInsider Alert for EQR
Mar 28, 2005 (streetinsider.com via COMTEX) --UBS Securities upgraded Equity Residential (NYSE: EQR) from Reduce to Neutral; $31.00 price target. The firm raised their outlook on EQR citing valuation.
03/28/2005 08:30:17 AM
StreetInsider Alert for BGFV
Mar 28, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiated coverage on Big 5 Sporting Goods Corporation (Nasdaq: BGFV) with a Buy rating; $30.00 price target. The firm's sees BGFV's recent pullback related to certain short-term issues, as providing an attractive entry point for investors focused on long-term fundamentals and free cash flow.
03/28/2005 08:30:17 AM
StreetInsider Alert for KONG
Mar 28, 2005 (streetinsider.com via COMTEX) --KongZhong Corporation (Nasdaq: KONG) said its chief financial officer, Richard Wei, plans to leave the Company on April 22, 2005. The Company's Co-founder and President, Nick Yang, will be acting CFO and will temporarily assume responsibility for the finance department's day-to-day operation while the Company searches for a replacement.
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03/28/2005 08:25:23 AM
StreetInsider Alert for VTIV
Mar 28, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverage on Ventiv Health Inc (NASDAQ: VTIV) with a 'sector perform' rating.
03/28/2005 08:25:23 AM
StreetInsider Alert for TSA
Mar 28, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiated coverage on The Sports Authority, Inc. (NYSE: TSA) with a Buy rating; $31 price target. In the firm's opinion, the combination of easy compares, low expectations, conservative guidance and improving free cash flow make for a compelling stock. In addition, they feel TSA's analyst meeting could be a catalyst for the shares.
03/28/2005 08:25:06 AM
StreetInsider Alert for CHTT
Mar 28, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded Chattem, Inc. (Nasdaq: CHTT) from Buy to Neutral. Target price increased from $40.00 to $43.00. The firm based their downgrade on valuation.
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03/28/2005 08:20:09 AM
StreetInsider Alert for ANR
Mar 28, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Alpha Natural Resources, Inc. (NYSE: ANR) with an Overweight rating; $36.00 price target. The firm established an Overweight rating on the stock noting its high exposure to met coal, high percentage of coal open for pricing in 2006 and 2007 and prospects for 22% unit volume growth over the next four years.
03/28/2005 08:20:08 AM
StreetInsider Alert for ORB
Mar 28, 2005 (streetinsider.com via COMTEX) --Jefferies Group upgraded Orbital Sciences Corporation (NYSE: ORB) from Hold to Buy; target price increased from $11.50 to $12.00. The firm raised their outlook on the stock due to valuation. They believe the market has already adequately factored in the risks, and at the current valuation, ORB shares trade at a significant discount to its peer defense firms. In addition, they look for demand for military and intelligence satellites to remain strong and that another O.B.V. option will be exercised later this year.
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03/28/2005 08:15:13 AM
StreetInsider Alert for ABTLE
Mar 28, 2005 (streetinsider.com via COMTEX) --Autobytel Inc. (Nasdaq: ABTLE) announced a new relationship with EarthLink (Nasdaq: ELNK) to exclusively provide automotive-related content for EarthLink's subscribers.
03/28/2005 08:15:12 AM
StreetInsider Alert for XTND
Mar 28, 2005 (streetinsider.com via COMTEX) --Extended Systems (Nasdaq: XTND) announced that QUALCOMM Incorporated (Nasdaq: QCOM) has licensed embedded wireless software development kits (SDKs) from the company. Extended Systems' Data Synchronization, Device Management and Infrared SDKs have been licensed under the agreement for use in select QUALCOMM Code Division Multiple Access (CDMA) Mobile Station Modem MSM chipsets.
03/28/2005 08:15:11 AM
StreetInsider Alert for WAG
Mar 28, 2005 (streetinsider.com via COMTEX) --Walgreen (NYSE: WAG) reports Q2 earnings of $0.47 per share, 1 cent worse than estimates. Revenues came in at $10.99 billion versus the consensus of $11.03 billion.
03/28/2005 08:15:11 AM
StreetInsider Alert for SNTO
Mar 28, 2005 (streetinsider.com via COMTEX) --Sento Corporation (Nasdaq: SNTO) announced an expected $2.4 M in additional revenue and a two-year expansion to a contract with an existing customer in the health services industry.
03/28/2005 08:10:18 AM
StreetInsider Alert for VRX
Mar 28, 2005 (streetinsider.com via COMTEX) --Valeant Pharmaceuticals International (NYSE: VRX) signed an agreement with actress Courteney Cox to represent its Kinerase line of skin care products in 2005.
03/28/2005 08:10:17 AM
StreetInsider Alert for MIPS
Mar 28, 2005 (streetinsider.com via COMTEX) --MIPS Technologies, Inc., (Nasdaq: MIPS) and Shanghai Jiao Tong University, one of China's most distinguished and respected educational institutions, announced that SJTU's IC and System Research Center has licensed the MIPS32(R) 4Kc(R) SMIC .18 hard core to develop SoCs for China's rapidly expanding digital television (DTV) market.
03/28/2005 08:10:16 AM
StreetInsider Alert for DIGI
Mar 28, 2005 (streetinsider.com via COMTEX) --Acxiom Corporation (Nasdaq: ACXM) and Digital Impact, Inc. (Nasdaq: DIGI) announced they have reached a definitive agreement for Acxiom to acquire Digital Impact for $3.50 per share in cash in a transaction valued at approximately $140 million based on fully diluted shares.
03/28/2005 08:10:16 AM
StreetInsider Alert for ARM
Mar 28, 2005 (streetinsider.com via COMTEX) --ArvinMeritor, Inc. (NYSE: ARM) announced that James Donlon has been named to the position of senior vice president and chief financial officer, effective April 1, 2005. In this position, Donlon will drive ArvinMeritor's financial performance, as well as provide comprehensive financial direction and guidance
03/28/2005 08:10:05 AM
StreetInsider Alert for CFC
Mar 28, 2005 (streetinsider.com via COMTEX) --Countrywide Financial Corporation (NYSE: CFC) announced that Eric P. Sieracki has been promoted to Executive Managing Director and named Chief Financial Officer for the Company. Thomas K. "Keith" McLaughlin, who had served as Countrywide's CFO since 2001, has elected to step down from the role to focus on personal interests and has agreed to remain with the Company in an advisory capacity. These changes will become effective April 1, 2005.
03/28/2005 08:05:19 AM
StreetInsider Alert for MDT
Mar 28, 2005 (streetinsider.com via COMTEX) --Medtronic, Inc. (NYSE: MDT) announced that the FDA has designated Activa Deep Brain Stimulation (DBS) Therapy as a Humanitarian Use Device (HUD) for the treatment of chronic, treatment-resistant obsessive compulsive disorder (OCD) as an alternative to anterior capsulotomy, a form of destructive, irreversible neurosurgery.
03/28/2005 08:05:18 AM
StreetInsider Alert for VION
Mar 28, 2005 (streetinsider.com via COMTEX) --Vion Pharmaceuticals Inc (Nasdaq: VION) announced that it commenced dosing the first patient on the Phase III pivotal trial of its anticancer agent CLORETAZINE (VNP40101M) in relapsed acute myelogenous leukemia (AML).
03/28/2005 08:05:17 AM
StreetInsider Alert for ICCI
Mar 28, 2005 (streetinsider.com via COMTEX) --Jefferies Group downgraded Insight Communications Company, Inc. (Nasdaq: ICCI) from Buy to Hold. The firm based their downgrade on valuation.
03/28/2005 08:05:17 AM
StreetInsider Alert for OHI
Mar 28, 2005 (streetinsider.com via COMTEX) --Legg Mason downgraded Omega Healthcare Investors, Inc. (NYSE: OHI) from Buy to Hold. The firm based their downgrade on increased concern regarding nursing home reimbursement following a meeting with officials from the Centers for Medicare and Medicaid Services last week.
03/28/2005 08:01:17 AM
StreetInsider Alert for EAS
Mar 28, 2005 (streetinsider.com via COMTEX) --Jefferies Group upgrades Energy East Corporation (NYSE: EAS) from 'underperform' to 'hold' with a $22.50 price target, citing valuation.
03/28/2005 08:01:17 AM
StreetInsider Alert for WXS
Mar 28, 2005 (streetinsider.com via COMTEX) --JP Morgan initiated coverage on Wright Express Corporation (NYSE: WXS) with an Overweight rating. The firm thinks WXS offers stable, double-digit earnings growth as the top processor for the auto fleet industry, where barriers to entry are high. They also favor the stock's biz model. Merrill Lynch started the stock at Buy; $22.00 price target. Credit Suisse First Boston started the stock at Outperform; $22.00 price target. In the firm's opinion, the ongoing shift toward electronic payments presents a solid growth opportunity for Wright Express, which together with its scalable business model, should drive low double-digit profit growth.
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03/28/2005 08:01:13 AM
StreetInsider Alert for OHI
Mar 28, 2005 (streetinsider.com via COMTEX) --Legg Mason downgrades Omega Health Investors (NYSE: OHI) from Buy to Hold on increased concern about nursing home reimbursement.
03/28/2005 08:01:12 AM
StreetInsider Alert for CLGY
Mar 28, 2005 (streetinsider.com via COMTEX) --Cellegy Pharmaceuticals, Inc. (Nasdaq: CLGY) reported interim results of a two-center study of Rectogesic, nitroglycerin ointment 0.2%, for the treatment of symptomatic chronic hemorrhoids.
The company said mean anal sphincter pressure was significantly decreased 30 minutes after the first dose of topical Rectogesic. Patients had significant improvement in pain, bleeding, throbbing, itching, irritation and difficulty with bowel movement. Symptomatic improvement increased with time, even after the cessation of Rectogesic.
03/28/2005 08:01:11 AM
StreetInsider Alert for SANM
Mar 28, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgrades Sanmina-SCI Corp (Nasdaq: SANM) from Outperform to Peer Perform on weaker outlook.
03/28/2005 08:01:10 AM
StreetInsider Alert for AIG
Mar 28, 2005 (streetinsider.com via COMTEX) --The Wall Street Journal reports the Securities and Exchange Commission (SEC) has sent subpoenas to 12 executives at American Int'l Group (NYSE: AIG) to probe into whether the insurer used questionable transactions to bolster its financial position.
03/28/2005 08:01:09 AM
StreetInsider Alert for ISTA
Mar 28, 2005 (streetinsider.com via COMTEX) --ISTA Pharmaceuticals, Inc. (Nasdaq: ISTA) said the FDA approved the New Drug Application for Xibrom 0.09% for the treatment of ocular inflammation following cataract surgery. ISTA expects to launch Xibrom during the second quarter of 2005.
03/28/2005 08:01:08 AM
StreetInsider Alert for BOBJ
Mar 28, 2005 (streetinsider.com via COMTEX) --JMP Securities upgrades Business Objects (Nasdaq: BOBJ) from Market Perform to Market Outperform on higher revenue outlook.
03/28/2005 08:00:58 AM
StreetInsider Alert for SPW
Mar 28, 2005 (streetinsider.com via COMTEX) --SPX Corporation (NYSE: SPW) authorizes new 10 million share repurchase program.
03/28/2005 08:00:58 AM
StreetInsider Alert for RIG
Mar 28, 2005 (streetinsider.com via COMTEX) --Morgan Stanley upgrades Transocean Offshore (NYSE: RIG) from Underweight to Equalweight on more positive outlook-Price target $63.
03/28/2005 08:00:57 AM
StreetInsider Alert for TOL
Mar 28, 2005 (streetinsider.com via COMTEX) --Banc of America upgrades Toll Brothers (NYSE: TOL) from 'neutral' to 'buy' with a $100 price target.
03/28/2005 08:00:56 AM
StreetInsider Alert for SNE
Mar 28, 2005 (streetinsider.com via COMTEX) --Reuters reports Sony Corp. (NYSE: SNE) said it was ordered by a U.S. court to halt sales of its PlayStation consoles in the U.S. market and pay $90 million in damages to Immersion Corp. (Nasdaq: IMMR). SNE said it would appeal the ruling and continue to sell Playstation consoles because the ruling will not go into effect before the appeal.
03/28/2005 08:00:55 AM
StreetInsider Alert for BKST
Mar 28, 2005 (streetinsider.com via COMTEX) --Brookstone (Nasdaq: BKST) reports Q4 earnings of $1.63 per share, 2 cents better than estimates. Q4 revenues were $237.8 million, in-line with estimates. BKST reaffirms Q1 and full-year 2006 earnings estimates.
03/28/2005 08:00:55 AM
StreetInsider Alert for LU
Mar 28, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgrades Lucent Technologies (NYSE: LU) from Overweight to Neutral and drops price target to $3.50.
03/28/2005 08:00:54 AM
StreetInsider Alert for MVSN
Mar 28, 2005 (streetinsider.com via COMTEX) --Macrovision Corporation (Nasdaq: MVSN) said Siebel Systems (Nasdaq: SEBL) has selected Macrovision's FLEXnet Publisher Update Service Module (Update Service) to manage and deliver software updates throughout its entire customer base.
03/28/2005 08:00:53 AM
StreetInsider Alert for TAP
Mar 28, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades Molson Coors (NYSE: TAP) from Neutral to Outperform and raises 2005-06 earnings estimates on strong outlook.
03/28/2005 08:00:53 AM
StreetInsider Alert for RL
Mar 28, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgrades Polo Ralph Lauren (NYSE: RL) from Overweight to Neutral and drops price target to $43 on slower sales outlook.
______* More To Come This Posting Until Market Open *
03/28/2005 08:00:49 AM
StreetInsider Alert for OVTI
Mar 28, 2005 (streetinsider.com via COMTEX) --OmniVision Technologies (Nasdaq: OVTI) announced that it has signed a definitive agreement to acquire all of the outstanding securities of CDM Optics. CDM, a privately held Boulder, Colorado-based corporation, is the exclusive licensee of patented technology, developed by its co-founders, that substantially increases the performance of a camera system by increasing the depth of field and/or correcting optical aberrations of a photographic image. The purchase price is $30 million.
03/28/2005 08:00:49 AM
StreetInsider Alert for CEPH
Mar 28, 2005 (streetinsider.com via COMTEX) --Cephalon (Nasdaq: CEPH) announced that it has received an approvable letter from the U.S. Food and Drug Administration (FDA) to market a new sugar-free formulation of ACTIQ® (oral transmucosal fentanyl citrate) [C-II].
03/28/2005 08:00:48 AM
StreetInsider Alert for GMAI
Mar 28, 2005 (streetinsider.com via COMTEX) --Greg Manning Auctions (Nasdaq: GMAI) announced it has acquired the Fournier Archives, which contain an inventory of previously unavailable philatelic material printed between 1966-1991 from a total of 40 countries worldwide, for approximately $6 million.
03/28/2005 08:00:47 AM
StreetInsider Alert for TNOX
Mar 28, 2005 (streetinsider.com via COMTEX) --Tanox, Inc. (Nasdaq: TNOX) executed an agreement with Sunol Molecular Corporation to acquire Sunol's tissue factor antagonist program for the potential treatment of inflammatory disease and cancer.
In consideration for the acquired assets, Tanox will issue 800,000 shares of Tanox common stock and pay $6 million to Sunol.
03/28/2005 08:00:46 AM
StreetInsider Alert for GPS
Mar 28, 2005 (streetinsider.com via COMTEX) --Gap Inc (NYSE: GPS) reaffirms full-year guidance. Gap sees 2005 earnings between $1.41-1.45, vs analysts estimates of $1.43.
03/28/2005 08:00:40 AM
StreetInsider Alert for ABC
Mar 28, 2005 (streetinsider.com via COMTEX) --AmerisourceBergen Corporation (NYSE: ABC) lowered its fiscal year 2005 estimate for diluted earnings per share from continuing operations to $3.10 to $3.50 from $4.00 to $4.10 (consensus is $3.79) due primarily to reduced buy-side profits resulting from lower than anticipated inventory levels associated with its ongoing transition to fee-for-service contracts with branded pharmaceutical manufacturers. The Company expects diluted earnings per share from continuing operations in the March quarter to be between $0.75 and $0.85 (consensus is $1.10)
03/28/2005 08:00:39 AM
StreetInsider Alert for ISIL
Mar 28, 2005 (streetinsider.com via COMTEX) --Smith Barney upgrades Intersil Holdings (Nasdaq: ISIL) from Hold to Buy-Price target $22.
03/28/2005 08:00:38 AM
StreetInsider Alert for LGND
Mar 28, 2005 (streetinsider.com via COMTEX) --Ligand Pharmaceuticals Incorporated (Nasdaq:LGND) said its two pivotal Phase III studies of Targretin capsules in front-line combination therapy with standard chemotherapy to treat advanced non-small cell lung cancer did not meet their endpoints of improved overall survival and projected two-year survival.
03/28/2005 08:00:38 AM
StreetInsider Alert for YELL
Mar 28, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Yellow Roadway (Nasdaq: YELL) from Underweight to Neutral, after positive meetings with management.
03/28/2005 08:00:37 AM
StreetInsider Alert for MEAD
Mar 28, 2005 (streetinsider.com via COMTEX) --Meade Instruments (Nasdaq: MEAD) sees full-year 2005 earnings between -$0.04 and -$0.06 vs. previous estimates of -$0.10. Current analysts estimates are for a $0.02 profit. MEAD also guides lower for full-year revenue outlook.
03/28/2005 08:00:36 AM
StreetInsider Alert for INTU
Mar 28, 2005 (streetinsider.com via COMTEX) --ThinkEquity upgrades Intuit Inc (Nasdaq: INTU) from 'accumulate' to 'buy'.
03/28/2005 08:00:36 AM
StreetInsider Alert for INSP
Mar 28, 2005 (streetinsider.com via COMTEX) --InfoSpace (Nasdaq: INSP) announced that final settlement has been obtained and settlement proceeds of approximately $83 million plus accrued interest have been received by the company pursuant to the combined Settlement Agreement described in its release dated December 23, 2004, and reprinted below. The combined Settlement Agreement had previously been granted approval by the King County Superior Court (Washington) and the United States District Court for the Western District of Washington.
03/28/2005 08:00:28 AM
StreetInsider Alert for CHKP
Mar 28, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades Check Point Software (Nasdaq: CHKP) from Underperform to Neutral on positive near-term outlook.
03/28/2005 08:00:28 AM
StreetInsider Alert for AMTD
Mar 28, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades AmeriTrade (Nasdaq: AMTD) from Neutral to Outperform after recent dip in stock price.
03/28/2005 08:00:27 AM
StreetInsider Alert for ELBO
Mar 28, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Electronics Boutique (Nasdaq: ELBO) from Market Perform to Outperform on positive long-term outlook-Price target $50.
______* Refresh Your Browser *
03/28/2005 08:00:13 AM
StreetInsider Alert for SDS
Mar 28, 2005 (streetinsider.com via COMTEX) --SunGard Data Systems (NYSE: SDS) announced a definitive agreement under which the consortium will acquire SunGard in a transaction valued at approximately $11.3 billion. The acquiring consortium was organized by Silver Lake Partners and includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. L.P., Providence Equity Partners and Texas Pacific Group. Under the terms of the agreement, SunGard stockholders will receive $36 in cash for each share of SunGard common stock they hold. SunGard's existing bonds in the principal amount of $500 million will remain outstanding.
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By StreetInsider.com, Investing-News.Com
Mar 28, 2005, 18:58
SMDI SBEI DJ:INDU ( SDS DIGI ACXM LEXR ) JNJ HCA EGP NTIQ CMS SMI (To Earlier Below)
03/28/2005 04:55:20 PM
StreetInsider Alert for SMDI
Mar 28, 2005 (streetinsider.com via COMTEX) --Sirenza Microdevices, Inc. (Nasdaq: SMDI) said it currently expects net revenue for the first quarter ending March 31, 2005 to be in the range of $12.0 million to $12.5 million, compared with previously announced guidance of $15.0 million to $16.0 million (consensus is $15.5M). The company cited lower-than-expected demand and deferrals of previously forecast orders across a number of OEM customers.
03/28/2005 04:55:19 PM
StreetInsider Alert for SBEI
Mar 28, 2005 (streetinsider.com via COMTEX) --SBE, Inc. (Nasdaq: SBEI) signed a definitive merger agreement to acquire PyX Technologies, Inc., a privately-held company specializing in the development of iSCSI software solutions.
03/28/2005 04:50:28 PM
StreetInsider Alert for DJ:INDU
Mar 28, 2005 (streetinsider.com via COMTEX) --The Dow finished 42.78 points higher to close at 10,485, the Nasdaq rose 1.46 points to close at 1,992, and the S&P 500 gained 2.86 points to close at 1,174.
The markets closed out the trading session in the green today as traders were positive on declining oil prices, a stronger dollar and the large private-equity deal to acquire SunGard Data Systems (NYSE: SDS).
Volume was relatively low with 1.70 billion shares trading on the NYSE and 1.48 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 18:14 on the NYSE and by a margin of 16:14 on the Nasdaq.
In individual stories, Digital Impact, Inc. (Nasdaq: DIGI) closed 50.66% higher after announcing it will be acquired by Acxiom Corporation (Nasdaq: ACXM) for $3.50 per share or approximately $140 million. On the downside, Lexar Media Inc (Nasdaq: LEXR) closed 17.41% lower as profit taking was abundant after the stock's recent run-up related to the Toshiba settlement.
Tomorrow traders will be watching for data from the Consumer Confidence Report, which is expected to hit the wires at 10:00 A.M.
03/28/2005 04:40:15 PM
StreetInsider Alert for JNJ
Mar 28, 2005 (streetinsider.com via COMTEX) --Stanford Group initiates coverage on Johnson & Johnson (NYSE: JNJ) with a 'sell' rating and a $52 price target. The analyst said, "In our opinion, JNJ is undergoing a metamorphosis from being a growth stock to being a value stock with, unfortunately, a disproportionately high P/E multiple. Unfortunately, it is in the nether land, being neither a growth stock any longer nor yet, a true value stock."
03/28/2005 04:25:17 PM
StreetInsider Alert for HCA
Mar 28, 2005 (streetinsider.com via COMTEX) --HCA (NYSE: HCA) announced that preliminary results for its first quarter indicate that net income per diluted share is expected to range from $0.88 to $0.93 for the quarter ending March 31, 2005 (consensus is $0.76)
HCA also announced its intention to divest 10 acute care hospitals located in six states.
03/28/2005 04:20:17 PM
StreetInsider Alert for EGP
Mar 28, 2005 (streetinsider.com via COMTEX) --EastGroup Properties, Inc. (NYSE: EGP) announced that it has agreed to sell 800,000 shares of common stock to Citigroup Global Markets Inc. The Company intends to use the net proceeds of approximately $29.5 million towards the acquisition or development of properties and to repay a portion of mortgage debt obligations due in 2005.
03/28/2005 04:15:19 PM
StreetInsider Alert for NTIQ
Mar 28, 2005 (streetinsider.com via COMTEX) --NetIQ Corp. (Nasdaq: NTIQ) announced that it has entered into a definitive agreement to sell its WebTrends web analytics business unit to Francisco Partners, one of the world's largest technology-focused private equity funds. Pursuant to the agreement, Francisco Partners will acquire NetIQ's WebTrends business unit for approximately $94 million in cash.
03/28/2005 04:15:19 PM
StreetInsider Alert for CMS
Mar 28, 2005 (streetinsider.com via COMTEX) --CMS Energy (NYSE: CMS) announced that it intends to offer 16 million shares of common stock to the public under the Company's currently effective shelf registration statement. The underwriters will be granted an option to purchase an additional 2.4 million shares of the Company's common stock to cover over- allotments.
03/28/2005 04:11:04 PM
StreetInsider Alert for SMI
Mar 28, 2005 (streetinsider.com via COMTEX) --Semiconductor Manufacturing International Corp (NYSE: SMI) announced that it has appointed Ms. Morning Wu as CGO and CAO, effective immediately.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
HRLY DJ:INDU ( TAYD DIGI ACXM MOVI BBI HLYW SNTO BKST XTND QCOM IMMR SLR LEXR PTIE INFS ) COMPQ (To Earlier Below)
03/28/2005 03:00:08 PM
StreetInsider Alert for HRLY
Mar 28, 2005 (streetinsider.com via COMTEX) --Herley Industries, Inc. (Nasdaq: HRLY) announced that it has received a modification to an existing contract in excess of $3.3 million to supply Tactical Instrument Landing Systems (TILS) for both the F/A-18F and E-2C Naval aircraft.
03/28/2005 01:20:10 PM
StreetInsider Alert for DJ:INDU
Mar 28, 2005 (streetinsider.com via COMTEX) --03/28: Streetinsider.com's Unusual 11 Afternoon Movers:
Taylor Devices Inc (Nasdaq: TAYD) 74.32% HIGHER; is seeing momentum after news of an 8.2 quake.
Digital Impact, Inc. (Nasdaq: DIGI) 49.78% HIGHER; will be acquired by Acxiom Corporation (Nasdaq: ACXM) for $140 million.
Movie Gallery, Inc. (Nasdaq: MOVI) 24.40% HIGHER; Blockbuster Inc. (NYSE: BBI) abandoned its offer to acquire Hollywood Entertainment Corporation (Nasdaq: HLYW), leaving the Company to back their offer for HLYW.
Sento Corporation (Nasdaq: SNTO) 20.72% HIGHER; announced $2.4 M in additional revenue and a two-year contract expansion with an existing customer.
Brookstone (Nasdaq: BKST) 19.10% HIGHER; reported Q4 earnings 2 cents better than estimates.
Extended Systems (Nasdaq: XTND) 18.60% HIGHER; QUALCOMM Incorporated (Nasdaq: QCOM) has licensed software development kits from the company.
Immersion Corporation, (Nasdaq: IMMR) 13.74% HIGHER; a jury awarded Immersion a total of $90.7 million in its suit against Sony Computer Entertainment, Inc. (NYSE: SNE).
Solectron Corporation (NYSE: SLR) 12.16% LOWER; Bear Stearns downgraded the stock.
Lexar Media Inc (Nasdaq: LEXR) 11.23% LOWER; profit taking after recent run-up related to Toshiba settlement.
Pain Therapeutics (Nasdaq: PTIE) 10.77% LOWER; Oppenheimer downgraded the stock.
Infocus Corporation (Nasdaq: INFS) 10.00% LOWER; Pacific Growth Equities downgraded the stock.
03/28/2005 01:15:20 PM
StreetInsider Alert for COMPQ
Mar 28, 2005 (streetinsider.com via COMTEX) --Posted at 12:10PM ET at StreetInsider.com Premium:
Some supposed Earthquake/Tsunami related stock plays are seeing interest after news of the 8.2 quake: Analytical Surveys Inc (Nasdaq: ANLT), Benthos Inc (Nasdaq: BTHS), Euro Tech Holdings Ltd (Nasdaq: CLWT), NetGuru Inc (Nasdaq: NGRU), Taylor Devices Inc (Nasdaq: TAYD).
NOTE - These companies did not see any significant business from the last Tsunami so it is unlikely that this event will have any material affect on business. Also note that the warning systems now in place appear to be effective.
TEVA FEI APSG SERO IMMU ATEA DJ:INDU ( DIGI ACXM IMMR SNE MOVI BBI HLYW SLR PTIE SDS ICGN LEXR ) ALCO CNTY PH (To Earlier Below)
03/28/2005 12:25:14 PM
StreetInsider Alert for TEVA
Mar 28, 2005 (streetinsider.com via COMTEX) --Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) said the FDA has granted tentative approval for the Company's ANDA for Olanzapine Tablets, 2.5 mg, 5 mg, 7.5 mg, 10 mg, 15 mg and 20 mg. Final approval is subject to the resolution of patent litigation and the expiration of any applicable exclusivity period enjoyed by another ANDA filer. Teva's Olanzapine Tablets are the AB-rated generic equivalent of Eli Lilly and Company's (NYSE: LLY) psychotropic agent Zyprexa Tablets.
03/28/2005 12:15:07 PM
StreetInsider Alert for FEI
Mar 28, 2005 (streetinsider.com via COMTEX) --Frequency Electronics, Inc. (AMEX: FEI) announced that its Board of Directors has authorized a stock repurchase program for up to $5 million of the Company's outstanding common stock. Shares may be repurchased in open market purchases, private transactions or otherwise at such times and from time to time, and at such prices and in such amounts as the Company believes appropriate and in the best interest of its shareholders. The timing and volume of repurchases will vary depending on market conditions and other factors. Purchases may be commenced or suspended at any time without notice. The Company currently has 8.5 million shares outstanding.
03/28/2005 11:55:08 AM
StreetInsider Alert for APSG
Mar 28, 2005 (streetinsider.com via COMTEX) --Applied Signal Technology, Inc. (Nasdaq: APSG) announced that it was awarded a $5 million letter subcontract. Under the terms of the agreement, Applied Signal Technology will begin system development; submit a proposal for the development phase; and work with the customer to finalize all the subcontract terms. If the development phase is agreed to as proposed the company estimates the total value of this subcontract, including the $5 million awarded under this letter subcontract, to be approximately $35 million. The effort will be performed over a three year period.
03/28/2005 11:35:09 AM
StreetInsider Alert for SERO
Mar 28, 2005 (streetinsider.com via COMTEX) --Serologicals Corporation (NASDAQ: SERO) announced that Upstate Group, its wholly owned subsidiary, obtained the rights from the University of California to sell the anti-ZAP-70 monoclonal antibody for diagnostic use. Studies show that the levels of expression of the ZAP-70 protein strongly predict the aggressiveness of chronic lymphocytic leukemia.
03/28/2005 11:30:19 AM
StreetInsider Alert for IMMU
Mar 28, 2005 (streetinsider.com via COMTEX) --Immunomedics, Inc. (Nasdaq: IMMU) said a patient with severe resistant systemic lupus erythematosus, including the development of human antichimeric antibodies against rituximab, responded to the Company's new humanized anti-CD20 monoclonal antibody.
03/28/2005 11:00:21 AM
StreetInsider Alert for ATEA
Mar 28, 2005 (streetinsider.com via COMTEX) --Astea International Inc. (Nasdaq: ATEA) is 49% higher in early action after the company reported a profitable fourth quarter and year-end 2004. The company said license revenues were up 313% and overall revenue was up 50%.
For the quarter ended December 31, 2004, Astea reported revenues of $5 million compared to revenues of $2.8 million for the same period in 2003. Net profit for the quarter was $186 thousand or $.06 per share, compared to a net loss of $2 million or $.68 per share for the same period in 2003.
03/28/2005 10:30:19 AM
StreetInsider Alert for DJ:INDU
Mar 28, 2005 (streetinsider.com via COMTEX) --03/28: Streetinsider.com's Unusual 8 Morning Movers:
Digital Impact, Inc. (Nasdaq: DIGI) 51.09% HIGHER; will be acquired by Acxiom Corporation (Nasdaq: ACXM) for $3.50 per share or approximately $140 million.
Immersion Corporation, (Nasdaq: IMMR) 25.91% HIGHER; a jury awarded Immersion $82.0 million in past damages, plus pre-judgment interest in the amount of $8.7 million, for a total of $90.7 million in its patent infringement suit against Sony Computer Entertainment, Inc.(NYSE: SNE).
Movie Gallery, Inc. (Nasdaq: MOVI) 21.70% HIGHER; Blockbuster Inc. (NYSE: BBI) abandoned its offer to acquire Hollywood Entertainment Corporation (Nasdaq: HLYW), leaving the Company to back their offer for HLYW.
Solectron Corporation (NYSE: SLR) 10.80% LOWER; Bear Stearns downgraded the stock from Outperform to Peer Perform.
Pain Therapeutics (Nasdaq: PTIE) 10.27% LOWER; Oppenheimer downgraded the stock from Buy to Neutral.
SunGard Data Systems (NYSE: SDS) 9.83% HIGHER; a takeover consortium will acquire SunGard in a transaction valued at approximately $11.3 billion.
Icagen (Nasdaq: ICGN) 9.62% HIGHER; JP Morgan started the stock with an Overweight rating.
Lexar Media Inc (Nasdaq: LEXR) 7.91% LOWER; profit taking after recent run-up related to Toshiba settlement.
03/28/2005 09:55:18 AM
StreetInsider Alert for ALCO
Mar 28, 2005 (streetinsider.com via COMTEX) --Alico, Inc., (Nasdaq: ALCO) announced that Craig Simmons has resigned as Chief Financial Officer of Alico, Inc., effective April 15, 2005. Mr. Simmons informed the Company that he would be pursuing a career in financial services. The Company has initiated a search to find his replacement.
03/28/2005 09:55:17 AM
StreetInsider Alert for CNTY
Mar 28, 2005 (streetinsider.com via COMTEX) --CL King initiates coverage on Century Casinos Inc (Nasdaq: CNTY) with an 'accumulate' rating and $11 price target.
03/28/2005 09:35:14 AM
StreetInsider Alert for PH
Mar 28, 2005 (streetinsider.com via COMTEX) --UPDATE: Parker Hannifin Corporation (NYSE: PH) sees Q3 EPS of $1.05-$1.15 versus its prior guidance of $1.10-$1.30 per diluted share (consensus is $1.24). The company revised full-year earnings estimates to be between $4.60 and $4.80 per diluted share (which includes 47 cents per share from discontinued operations) (consensus is $4.60).
INFS SPSS CRK VSR PECS DDD MDCO NTE BE ININ AGN RADI RADS DSTM SCS ZIXI IVX CMOS NFLX GIVN UNTD FFIV NANX CSC ACEL SLR CNP TIN VIAC EQR BGFV KONG VTIV TSA CHTT ANR ORB ABTLE XTND WAG SNTO VRX MIPS DIGI ARM CFC MDT VION ICCI OHI EAS WXS OHI CLGY SANM AIG ISTA BOBJ SPW RIG TOL SNE BKST LU MVSN TAP RL OVTI CEPH GMAI TNOX GPS ABC ISIL LGND YELL MEAD INTU INSP CHKP AMTD ELBO SDS
03/28/2005 09:25:18 AM
StreetInsider Alert for INFS
Mar 28, 2005 (streetinsider.com via COMTEX) --Pacific Growth Equities downgraded Infocus Corporation (Nasdaq: INFS) from Over Weight to Equal Weight.
03/28/2005 09:25:18 AM
StreetInsider Alert for SPSS
Mar 28, 2005 (streetinsider.com via COMTEX) --PUMA North America, Inc., a division of PUMA AG, a leading producer of athletic footwear, apparel, and accessories, is using SPSS predictive analytics software to manage its inventory real-time across its domestic retail operations. With SPSS (NASDAQ: SPSS) technologies, PUMA quickly arms its sales staff with information that drives decisions to optimize inventory and order management processes.
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03/28/2005 09:20:15 AM
StreetInsider Alert for CRK
Mar 28, 2005 (streetinsider.com via COMTEX) --Comstock Resources, Inc. (NYSE: CRK) announced that it has agreed to purchase certain oil and gas properties and related assets from EnSight Energy Partners, L. P. and its affiliates ("EnSight") for $192.5 million, subject to adjustment. The transaction will be effective April 1, 2005 and is expected to close in May 2005. With the acquisition, Comstock will acquire producing properties in East Texas, Louisiana and Mississippi. Comstock estimates that the properties being acquired have proved reserves of approximately 120.2 billion cubic feet of gas equivalent. These reserves are 57% natural gas and 43% oil. Approximately 37% of the proved reserves are in the proved developed category. The undeveloped reserves primarily relate to 96 proved undeveloped locations to be drilled. Future development costs related to the properties are estimated to be 67 cents per thousand cubic feet of natural gas equivalent. In addition to the proved reserves, Comstock estimates that the properties being acquired have probable reserves of 85.6 Bcfe which relate to an additional 133 drilling locations not included in the proved reserves.
03/28/2005 09:20:14 AM
StreetInsider Alert for VSR
Mar 28, 2005 (streetinsider.com via COMTEX) --VERSAR, Inc. (Amex: VSR) announced the Air Force Center for Environmental Excellence has awarded Versar approximately a $1.5 million modification to a current task order for construction oversight services for the Air Force construction program in Iraq. This brings Versar's total awards for the oversight of construction in Iraq to $4.4 million.
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03/28/2005 09:15:19 AM
StreetInsider Alert for PECS
Mar 28, 2005 (streetinsider.com via COMTEX) --PEC Solutions, Inc. (NASDAQ: PECS) announced that PEC's wholly-owned subsidiary, AC Technologies (ACT), has been awarded a contract from the US Army Defense Contracting Command - Washington. The terms of this multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract are for a 1-year base and four 1-year option terms. Work will be performed under task orders.
03/28/2005 09:15:19 AM
StreetInsider Alert for DDD
Mar 28, 2005 (streetinsider.com via COMTEX) --SCOLR Pharma, Inc. (AMEX: DDD) announced that it achieved positive initial clinical results from the testing of its over-the-counter (OTC) 12-hour CDT pseudoephedrine tablets utilizing the Company's patented Controlled Delivery Technology (CDT). This is the first of three planned subject dosing studies that SCOLR Pharma is conducting in support of an Abbreviated New Drug Application (ANDA) to the Food and Drug Administration later this year for a CDT-based 12-hour extended release pseudoephedrine formulation.
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03/28/2005 09:10:17 AM
StreetInsider Alert for MDCO
Mar 28, 2005 (streetinsider.com via COMTEX) --The Medicines Company (NASDAQ: MDCO) voluntarily suspended patient enrollment in its Clevelox Phase III safety trials. Trial enrollment was halted after a planned interim analysis of approximately half of the study population showed more frequent atrial fibrillation among patients randomized to Clevelox than patients randomized to comparator drugs.
03/28/2005 09:10:16 AM
StreetInsider Alert for NTE
Mar 28, 2005 (streetinsider.com via COMTEX) --Nam Tai Electronics, Inc. (NYSE: NTE) is pleased to announce that it has won orders from a new customer, Inventec Multimedia & Telecom Corporation ("Inventec"), a leading Taiwanese multi-national company, to produce LCD modules for its Internet Protocol ("IP") phones. Inventec mainly develops and manufactures IP terminals, digital still cameras, handheld multimedia PDAs and computer peripheral products such as USB storage devices, MP3 players and other related products.
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03/28/2005 09:05:19 AM
StreetInsider Alert for BE
Mar 28, 2005 (streetinsider.com via COMTEX) --BearingPoint, Inc. (NYSE: BE) announced the County of San Diego has awarded BearingPoint a three-year, $31 million contract to develop and implement a custom-developed integrated property tax system.
03/28/2005 09:05:18 AM
StreetInsider Alert for ININ
Mar 28, 2005 (streetinsider.com via COMTEX) --Vonexus Inc., a wholly owned subsidiary of Interactive Intelligence Inc. (Nasdaq: ININ ), has signed an agreement enabling it to package its Microsoft-based IP PBX software with Quintum Technologies' SIP Tenor VoIP MultiPath switches, giving organizations increased reliability, improved quality of service, and simplified deployment.
03/28/2005 09:05:18 AM
StreetInsider Alert for AGN
Mar 28, 2005 (streetinsider.com via COMTEX) --Allergan, Inc. (NYSE: AGN) announced it has entered into an exclusive licensing agreement with Sanwa Kagaku Kenkyusho Co., Ltd. (Sanwa) to develop and commercialize POSURDEX for the ophthalmic specialty market in Japan. POSURDEX is an investigational, bioerodable, extended release implant that delivers dexamethasone to the targeted disease site at the back of the eye for the treatment of macular edema. The companies currently estimate Japan's annual macular edema market could be over $100 million.
03/28/2005 09:05:17 AM
StreetInsider Alert for RADI
Mar 28, 2005 (streetinsider.com via COMTEX) --RADA Electronic Industries Ltd. (NASDAQ: RADI) announced that it has received a $1.0 Million purchase order from a leading European Company to design, develop and manufacture an advanced solid state recorder for an airborne system. This purchase order, which consists of the design, evelopment and manufacture of over 20 units, is part of a long-term agreement between the companies that was signed in the 4th quarter of 2003.
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03/28/2005 09:00:24 AM
StreetInsider Alert for RADS
Mar 28, 2005 (streetinsider.com via COMTEX) --Shell Eastern Petroleum, a member of the Royal Dutch/Shell Group of Companies, has entered into a five-year master arrangement with Radiant Systems, Inc. (NASDAQ: RADS) for the supply of point-of-sale (POS) software, back office software and related services across the Asia Pacific region.
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03/28/2005 08:55:13 AM
StreetInsider Alert for DSTM
Mar 28, 2005 (streetinsider.com via COMTEX) --Datastream Systems, Inc. (Nasdaq: DSTM) announced its OEM partnership with Cognos, the world leader in business intelligence and Corporate Performance Management (CPM). This alliance provides Datastream customers with unprecedented capabilities for analyzing and reporting cross-enterprise asset performance, complementing Datastream's industry-leading Analytics module which provides sophisticated modeling and forecasting capabilities to Datastream 7i users.
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03/28/2005 08:50:14 AM
StreetInsider Alert for SCS
Mar 28, 2005 (streetinsider.com via COMTEX) --Steelcase Inc. (NYSE: SCS) said it plans to continue consolidation of its North America operations as it moves to a more efficient industrial system. The company expects to close several manufacturing facilities in the Grand Rapids, Michigan area over the next two years. The company anticipates a net reduction of approximately 100 salaried and 500 hourly positions and approximately 2.6 million square feet of manufacturing space in North America related to these actions.
03/28/2005 08:50:13 AM
StreetInsider Alert for ZIXI
Mar 28, 2005 (streetinsider.com via COMTEX) --Zix Corporation (Nasdaq: ZIXI) announced that acting chief executive officer Rick Spurr has been appointed CEO. Spurr accepted the role of acting CEO on Feb. 8 as a result of former CEO John A. Ryan relinquishing the role.
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03/28/2005 08:45:17 AM
StreetInsider Alert for IVX
Mar 28, 2005 (streetinsider.com via COMTEX) --Lehman Brothers Holdings upgraded Ivax Corp (AMEX: IVX) from Equal-weight to Overweight; target price increased from $17.00 to $26.00. The firm based their upgrade on their more constructive outlook regarding above-avg 2006 earnings opportunities, driven by new blockbuster launches and stabilizing base business, in addition to a robust generic pipeline and expansion into the brand respiratory mkt.
03/28/2005 08:45:16 AM
StreetInsider Alert for CMOS
Mar 28, 2005 (streetinsider.com via COMTEX) --Adams Harkness upgraded Credence Systems Corp (Nasdaq: CMOS) from Buy to Strong Buy; $12 price target.
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03/28/2005 08:40:16 AM
StreetInsider Alert for NFLX
Mar 28, 2005 (streetinsider.com via COMTEX) --Netflix, Inc. (Nasdaq: NFLX) said it has surpassed three million subscribers. Netflix entered 2005 with 2.6 million members
03/28/2005 08:40:15 AM
StreetInsider Alert for GIVN
Mar 28, 2005 (streetinsider.com via COMTEX) --Wells Fargo Van Kasper downgraded Given Imaging Ltd ordinary shares (Nasdaq: GIVN) from Buy to Hold.
03/28/2005 08:40:15 AM
StreetInsider Alert for UNTD
Mar 28, 2005 (streetinsider.com via COMTEX) --United Online, Inc. (Nasdaq: UNTD) acquired certain assets related to PhotoSite, the online digital photo sharing business of Homestead Technologies, Inc., for approximately $10 million in cash and has entered into a related licensing and support agreement with Homestead Technologies.
03/28/2005 08:40:14 AM
StreetInsider Alert for FFIV
Mar 28, 2005 (streetinsider.com via COMTEX) --Kaufman Brothers initiated coverage on F5 Networks Inc (Nasdaq: FFIV) with a Hold rating; $49.00 price target. In the firm's view, while FFIV will continue to exhibit robust revenue and EPS growth, and deserves a premium multiple, the current premium afforded the stock reflects its opportunity and assumes flawless execution.
03/28/2005 08:40:14 AM
StreetInsider Alert for NANX
Mar 28, 2005 (streetinsider.com via COMTEX) --ThinkEquity Partners initiated coverage on Nanophase Technologies Corporation (Nasdaq: NANX) with an Accumulate rating; $8.00 target price.
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03/28/2005 08:35:16 AM
StreetInsider Alert for CSC
Mar 28, 2005 (streetinsider.com via COMTEX) --Computer Sciences Corporation (NYSE: CSC) announced that it has received the 2005 IBM PartnerWorld Beacon Award for "Best Use of IBM Technology in a Business Solution by a Global Consultant and Integrator Business Partner." The Beacon Award acknowledges CSC's role in helping property and casualty (P&C) insurers become more responsive, flexible and cost-efficient through its Exceed application software.
03/28/2005 08:35:16 AM
StreetInsider Alert for ACEL
Mar 28, 2005 (streetinsider.com via COMTEX) --Alfacell Corporation (Nasdaq: ACEL) announced that the Therapeutic Goods Administration (TGA) in Australia has granted ONCONASE (ranpirnase) Orphan Drug status for the indication of malignant mesothelioma (MM). ONCONASE is also designated as an Orphan Drug for MM in Europe.
03/28/2005 08:35:15 AM
StreetInsider Alert for SLR
Mar 28, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded Solectron Corporation (NYSE: SLR) from Outperform to Peer Perform. In the firm's opinion, the margin driven turnaround has stalled based on customer-specific share loss and the slower ramping of new programs.
03/28/2005 08:35:15 AM
StreetInsider Alert for CNP
Mar 28, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets upgraded CenterPoint Energy, Inc. (NYSE: CNP) from Underweight to Hold.
03/28/2005 08:30:29 AM
StreetInsider Alert for TIN
Mar 28, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded Temple-Inland Inc (NYSE: TIN) from Buy to Neutral; target price decreased from $86.00 to $80.00. The firm noted that Carl Icahn does not intend to nominate candidates for the Board of Directors at TIN's annual meeting on May 6. They feel this decision temporarily cut the probability that TIN is broken up, and the sum-of-parts weighting in their overall valuation.
03/28/2005 08:30:29 AM
StreetInsider Alert for VIAC
Mar 28, 2005 (streetinsider.com via COMTEX) --CSFB initiates coverage on Viacell (Nasdaq: VIAC) with an 'outperform' rating and $14 price target.
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03/28/2005 08:30:18 AM
StreetInsider Alert for EQR
Mar 28, 2005 (streetinsider.com via COMTEX) --UBS Securities upgraded Equity Residential (NYSE: EQR) from Reduce to Neutral; $31.00 price target. The firm raised their outlook on EQR citing valuation.
03/28/2005 08:30:17 AM
StreetInsider Alert for BGFV
Mar 28, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiated coverage on Big 5 Sporting Goods Corporation (Nasdaq: BGFV) with a Buy rating; $30.00 price target. The firm's sees BGFV's recent pullback related to certain short-term issues, as providing an attractive entry point for investors focused on long-term fundamentals and free cash flow.
03/28/2005 08:30:17 AM
StreetInsider Alert for KONG
Mar 28, 2005 (streetinsider.com via COMTEX) --KongZhong Corporation (Nasdaq: KONG) said its chief financial officer, Richard Wei, plans to leave the Company on April 22, 2005. The Company's Co-founder and President, Nick Yang, will be acting CFO and will temporarily assume responsibility for the finance department's day-to-day operation while the Company searches for a replacement.
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03/28/2005 08:25:23 AM
StreetInsider Alert for VTIV
Mar 28, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverage on Ventiv Health Inc (NASDAQ: VTIV) with a 'sector perform' rating.
03/28/2005 08:25:23 AM
StreetInsider Alert for TSA
Mar 28, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiated coverage on The Sports Authority, Inc. (NYSE: TSA) with a Buy rating; $31 price target. In the firm's opinion, the combination of easy compares, low expectations, conservative guidance and improving free cash flow make for a compelling stock. In addition, they feel TSA's analyst meeting could be a catalyst for the shares.
03/28/2005 08:25:06 AM
StreetInsider Alert for CHTT
Mar 28, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded Chattem, Inc. (Nasdaq: CHTT) from Buy to Neutral. Target price increased from $40.00 to $43.00. The firm based their downgrade on valuation.
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03/28/2005 08:20:09 AM
StreetInsider Alert for ANR
Mar 28, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Alpha Natural Resources, Inc. (NYSE: ANR) with an Overweight rating; $36.00 price target. The firm established an Overweight rating on the stock noting its high exposure to met coal, high percentage of coal open for pricing in 2006 and 2007 and prospects for 22% unit volume growth over the next four years.
03/28/2005 08:20:08 AM
StreetInsider Alert for ORB
Mar 28, 2005 (streetinsider.com via COMTEX) --Jefferies Group upgraded Orbital Sciences Corporation (NYSE: ORB) from Hold to Buy; target price increased from $11.50 to $12.00. The firm raised their outlook on the stock due to valuation. They believe the market has already adequately factored in the risks, and at the current valuation, ORB shares trade at a significant discount to its peer defense firms. In addition, they look for demand for military and intelligence satellites to remain strong and that another O.B.V. option will be exercised later this year.
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03/28/2005 08:15:13 AM
StreetInsider Alert for ABTLE
Mar 28, 2005 (streetinsider.com via COMTEX) --Autobytel Inc. (Nasdaq: ABTLE) announced a new relationship with EarthLink (Nasdaq: ELNK) to exclusively provide automotive-related content for EarthLink's subscribers.
03/28/2005 08:15:12 AM
StreetInsider Alert for XTND
Mar 28, 2005 (streetinsider.com via COMTEX) --Extended Systems (Nasdaq: XTND) announced that QUALCOMM Incorporated (Nasdaq: QCOM) has licensed embedded wireless software development kits (SDKs) from the company. Extended Systems' Data Synchronization, Device Management and Infrared SDKs have been licensed under the agreement for use in select QUALCOMM Code Division Multiple Access (CDMA) Mobile Station Modem MSM chipsets.
03/28/2005 08:15:11 AM
StreetInsider Alert for WAG
Mar 28, 2005 (streetinsider.com via COMTEX) --Walgreen (NYSE: WAG) reports Q2 earnings of $0.47 per share, 1 cent worse than estimates. Revenues came in at $10.99 billion versus the consensus of $11.03 billion.
03/28/2005 08:15:11 AM
StreetInsider Alert for SNTO
Mar 28, 2005 (streetinsider.com via COMTEX) --Sento Corporation (Nasdaq: SNTO) announced an expected $2.4 M in additional revenue and a two-year expansion to a contract with an existing customer in the health services industry.
03/28/2005 08:10:18 AM
StreetInsider Alert for VRX
Mar 28, 2005 (streetinsider.com via COMTEX) --Valeant Pharmaceuticals International (NYSE: VRX) signed an agreement with actress Courteney Cox to represent its Kinerase line of skin care products in 2005.
03/28/2005 08:10:17 AM
StreetInsider Alert for MIPS
Mar 28, 2005 (streetinsider.com via COMTEX) --MIPS Technologies, Inc., (Nasdaq: MIPS) and Shanghai Jiao Tong University, one of China's most distinguished and respected educational institutions, announced that SJTU's IC and System Research Center has licensed the MIPS32(R) 4Kc(R) SMIC .18 hard core to develop SoCs for China's rapidly expanding digital television (DTV) market.
03/28/2005 08:10:16 AM
StreetInsider Alert for DIGI
Mar 28, 2005 (streetinsider.com via COMTEX) --Acxiom Corporation (Nasdaq: ACXM) and Digital Impact, Inc. (Nasdaq: DIGI) announced they have reached a definitive agreement for Acxiom to acquire Digital Impact for $3.50 per share in cash in a transaction valued at approximately $140 million based on fully diluted shares.
03/28/2005 08:10:16 AM
StreetInsider Alert for ARM
Mar 28, 2005 (streetinsider.com via COMTEX) --ArvinMeritor, Inc. (NYSE: ARM) announced that James Donlon has been named to the position of senior vice president and chief financial officer, effective April 1, 2005. In this position, Donlon will drive ArvinMeritor's financial performance, as well as provide comprehensive financial direction and guidance
03/28/2005 08:10:05 AM
StreetInsider Alert for CFC
Mar 28, 2005 (streetinsider.com via COMTEX) --Countrywide Financial Corporation (NYSE: CFC) announced that Eric P. Sieracki has been promoted to Executive Managing Director and named Chief Financial Officer for the Company. Thomas K. "Keith" McLaughlin, who had served as Countrywide's CFO since 2001, has elected to step down from the role to focus on personal interests and has agreed to remain with the Company in an advisory capacity. These changes will become effective April 1, 2005.
03/28/2005 08:05:19 AM
StreetInsider Alert for MDT
Mar 28, 2005 (streetinsider.com via COMTEX) --Medtronic, Inc. (NYSE: MDT) announced that the FDA has designated Activa Deep Brain Stimulation (DBS) Therapy as a Humanitarian Use Device (HUD) for the treatment of chronic, treatment-resistant obsessive compulsive disorder (OCD) as an alternative to anterior capsulotomy, a form of destructive, irreversible neurosurgery.
03/28/2005 08:05:18 AM
StreetInsider Alert for VION
Mar 28, 2005 (streetinsider.com via COMTEX) --Vion Pharmaceuticals Inc (Nasdaq: VION) announced that it commenced dosing the first patient on the Phase III pivotal trial of its anticancer agent CLORETAZINE (VNP40101M) in relapsed acute myelogenous leukemia (AML).
03/28/2005 08:05:17 AM
StreetInsider Alert for ICCI
Mar 28, 2005 (streetinsider.com via COMTEX) --Jefferies Group downgraded Insight Communications Company, Inc. (Nasdaq: ICCI) from Buy to Hold. The firm based their downgrade on valuation.
03/28/2005 08:05:17 AM
StreetInsider Alert for OHI
Mar 28, 2005 (streetinsider.com via COMTEX) --Legg Mason downgraded Omega Healthcare Investors, Inc. (NYSE: OHI) from Buy to Hold. The firm based their downgrade on increased concern regarding nursing home reimbursement following a meeting with officials from the Centers for Medicare and Medicaid Services last week.
03/28/2005 08:01:17 AM
StreetInsider Alert for EAS
Mar 28, 2005 (streetinsider.com via COMTEX) --Jefferies Group upgrades Energy East Corporation (NYSE: EAS) from 'underperform' to 'hold' with a $22.50 price target, citing valuation.
03/28/2005 08:01:17 AM
StreetInsider Alert for WXS
Mar 28, 2005 (streetinsider.com via COMTEX) --JP Morgan initiated coverage on Wright Express Corporation (NYSE: WXS) with an Overweight rating. The firm thinks WXS offers stable, double-digit earnings growth as the top processor for the auto fleet industry, where barriers to entry are high. They also favor the stock's biz model. Merrill Lynch started the stock at Buy; $22.00 price target. Credit Suisse First Boston started the stock at Outperform; $22.00 price target. In the firm's opinion, the ongoing shift toward electronic payments presents a solid growth opportunity for Wright Express, which together with its scalable business model, should drive low double-digit profit growth.
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03/28/2005 08:01:13 AM
StreetInsider Alert for OHI
Mar 28, 2005 (streetinsider.com via COMTEX) --Legg Mason downgrades Omega Health Investors (NYSE: OHI) from Buy to Hold on increased concern about nursing home reimbursement.
03/28/2005 08:01:12 AM
StreetInsider Alert for CLGY
Mar 28, 2005 (streetinsider.com via COMTEX) --Cellegy Pharmaceuticals, Inc. (Nasdaq: CLGY) reported interim results of a two-center study of Rectogesic, nitroglycerin ointment 0.2%, for the treatment of symptomatic chronic hemorrhoids.
The company said mean anal sphincter pressure was significantly decreased 30 minutes after the first dose of topical Rectogesic. Patients had significant improvement in pain, bleeding, throbbing, itching, irritation and difficulty with bowel movement. Symptomatic improvement increased with time, even after the cessation of Rectogesic.
03/28/2005 08:01:11 AM
StreetInsider Alert for SANM
Mar 28, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgrades Sanmina-SCI Corp (Nasdaq: SANM) from Outperform to Peer Perform on weaker outlook.
03/28/2005 08:01:10 AM
StreetInsider Alert for AIG
Mar 28, 2005 (streetinsider.com via COMTEX) --The Wall Street Journal reports the Securities and Exchange Commission (SEC) has sent subpoenas to 12 executives at American Int'l Group (NYSE: AIG) to probe into whether the insurer used questionable transactions to bolster its financial position.
03/28/2005 08:01:09 AM
StreetInsider Alert for ISTA
Mar 28, 2005 (streetinsider.com via COMTEX) --ISTA Pharmaceuticals, Inc. (Nasdaq: ISTA) said the FDA approved the New Drug Application for Xibrom 0.09% for the treatment of ocular inflammation following cataract surgery. ISTA expects to launch Xibrom during the second quarter of 2005.
03/28/2005 08:01:08 AM
StreetInsider Alert for BOBJ
Mar 28, 2005 (streetinsider.com via COMTEX) --JMP Securities upgrades Business Objects (Nasdaq: BOBJ) from Market Perform to Market Outperform on higher revenue outlook.
03/28/2005 08:00:58 AM
StreetInsider Alert for SPW
Mar 28, 2005 (streetinsider.com via COMTEX) --SPX Corporation (NYSE: SPW) authorizes new 10 million share repurchase program.
03/28/2005 08:00:58 AM
StreetInsider Alert for RIG
Mar 28, 2005 (streetinsider.com via COMTEX) --Morgan Stanley upgrades Transocean Offshore (NYSE: RIG) from Underweight to Equalweight on more positive outlook-Price target $63.
03/28/2005 08:00:57 AM
StreetInsider Alert for TOL
Mar 28, 2005 (streetinsider.com via COMTEX) --Banc of America upgrades Toll Brothers (NYSE: TOL) from 'neutral' to 'buy' with a $100 price target.
03/28/2005 08:00:56 AM
StreetInsider Alert for SNE
Mar 28, 2005 (streetinsider.com via COMTEX) --Reuters reports Sony Corp. (NYSE: SNE) said it was ordered by a U.S. court to halt sales of its PlayStation consoles in the U.S. market and pay $90 million in damages to Immersion Corp. (Nasdaq: IMMR). SNE said it would appeal the ruling and continue to sell Playstation consoles because the ruling will not go into effect before the appeal.
03/28/2005 08:00:55 AM
StreetInsider Alert for BKST
Mar 28, 2005 (streetinsider.com via COMTEX) --Brookstone (Nasdaq: BKST) reports Q4 earnings of $1.63 per share, 2 cents better than estimates. Q4 revenues were $237.8 million, in-line with estimates. BKST reaffirms Q1 and full-year 2006 earnings estimates.
03/28/2005 08:00:55 AM
StreetInsider Alert for LU
Mar 28, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgrades Lucent Technologies (NYSE: LU) from Overweight to Neutral and drops price target to $3.50.
03/28/2005 08:00:54 AM
StreetInsider Alert for MVSN
Mar 28, 2005 (streetinsider.com via COMTEX) --Macrovision Corporation (Nasdaq: MVSN) said Siebel Systems (Nasdaq: SEBL) has selected Macrovision's FLEXnet Publisher Update Service Module (Update Service) to manage and deliver software updates throughout its entire customer base.
03/28/2005 08:00:53 AM
StreetInsider Alert for TAP
Mar 28, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades Molson Coors (NYSE: TAP) from Neutral to Outperform and raises 2005-06 earnings estimates on strong outlook.
03/28/2005 08:00:53 AM
StreetInsider Alert for RL
Mar 28, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgrades Polo Ralph Lauren (NYSE: RL) from Overweight to Neutral and drops price target to $43 on slower sales outlook.
______* More To Come This Posting Until Market Open *
03/28/2005 08:00:49 AM
StreetInsider Alert for OVTI
Mar 28, 2005 (streetinsider.com via COMTEX) --OmniVision Technologies (Nasdaq: OVTI) announced that it has signed a definitive agreement to acquire all of the outstanding securities of CDM Optics. CDM, a privately held Boulder, Colorado-based corporation, is the exclusive licensee of patented technology, developed by its co-founders, that substantially increases the performance of a camera system by increasing the depth of field and/or correcting optical aberrations of a photographic image. The purchase price is $30 million.
03/28/2005 08:00:49 AM
StreetInsider Alert for CEPH
Mar 28, 2005 (streetinsider.com via COMTEX) --Cephalon (Nasdaq: CEPH) announced that it has received an approvable letter from the U.S. Food and Drug Administration (FDA) to market a new sugar-free formulation of ACTIQ® (oral transmucosal fentanyl citrate) [C-II].
03/28/2005 08:00:48 AM
StreetInsider Alert for GMAI
Mar 28, 2005 (streetinsider.com via COMTEX) --Greg Manning Auctions (Nasdaq: GMAI) announced it has acquired the Fournier Archives, which contain an inventory of previously unavailable philatelic material printed between 1966-1991 from a total of 40 countries worldwide, for approximately $6 million.
03/28/2005 08:00:47 AM
StreetInsider Alert for TNOX
Mar 28, 2005 (streetinsider.com via COMTEX) --Tanox, Inc. (Nasdaq: TNOX) executed an agreement with Sunol Molecular Corporation to acquire Sunol's tissue factor antagonist program for the potential treatment of inflammatory disease and cancer.
In consideration for the acquired assets, Tanox will issue 800,000 shares of Tanox common stock and pay $6 million to Sunol.
03/28/2005 08:00:46 AM
StreetInsider Alert for GPS
Mar 28, 2005 (streetinsider.com via COMTEX) --Gap Inc (NYSE: GPS) reaffirms full-year guidance. Gap sees 2005 earnings between $1.41-1.45, vs analysts estimates of $1.43.
03/28/2005 08:00:40 AM
StreetInsider Alert for ABC
Mar 28, 2005 (streetinsider.com via COMTEX) --AmerisourceBergen Corporation (NYSE: ABC) lowered its fiscal year 2005 estimate for diluted earnings per share from continuing operations to $3.10 to $3.50 from $4.00 to $4.10 (consensus is $3.79) due primarily to reduced buy-side profits resulting from lower than anticipated inventory levels associated with its ongoing transition to fee-for-service contracts with branded pharmaceutical manufacturers. The Company expects diluted earnings per share from continuing operations in the March quarter to be between $0.75 and $0.85 (consensus is $1.10)
03/28/2005 08:00:39 AM
StreetInsider Alert for ISIL
Mar 28, 2005 (streetinsider.com via COMTEX) --Smith Barney upgrades Intersil Holdings (Nasdaq: ISIL) from Hold to Buy-Price target $22.
03/28/2005 08:00:38 AM
StreetInsider Alert for LGND
Mar 28, 2005 (streetinsider.com via COMTEX) --Ligand Pharmaceuticals Incorporated (Nasdaq:LGND) said its two pivotal Phase III studies of Targretin capsules in front-line combination therapy with standard chemotherapy to treat advanced non-small cell lung cancer did not meet their endpoints of improved overall survival and projected two-year survival.
03/28/2005 08:00:38 AM
StreetInsider Alert for YELL
Mar 28, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Yellow Roadway (Nasdaq: YELL) from Underweight to Neutral, after positive meetings with management.
03/28/2005 08:00:37 AM
StreetInsider Alert for MEAD
Mar 28, 2005 (streetinsider.com via COMTEX) --Meade Instruments (Nasdaq: MEAD) sees full-year 2005 earnings between -$0.04 and -$0.06 vs. previous estimates of -$0.10. Current analysts estimates are for a $0.02 profit. MEAD also guides lower for full-year revenue outlook.
03/28/2005 08:00:36 AM
StreetInsider Alert for INTU
Mar 28, 2005 (streetinsider.com via COMTEX) --ThinkEquity upgrades Intuit Inc (Nasdaq: INTU) from 'accumulate' to 'buy'.
03/28/2005 08:00:36 AM
StreetInsider Alert for INSP
Mar 28, 2005 (streetinsider.com via COMTEX) --InfoSpace (Nasdaq: INSP) announced that final settlement has been obtained and settlement proceeds of approximately $83 million plus accrued interest have been received by the company pursuant to the combined Settlement Agreement described in its release dated December 23, 2004, and reprinted below. The combined Settlement Agreement had previously been granted approval by the King County Superior Court (Washington) and the United States District Court for the Western District of Washington.
03/28/2005 08:00:28 AM
StreetInsider Alert for CHKP
Mar 28, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades Check Point Software (Nasdaq: CHKP) from Underperform to Neutral on positive near-term outlook.
03/28/2005 08:00:28 AM
StreetInsider Alert for AMTD
Mar 28, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades AmeriTrade (Nasdaq: AMTD) from Neutral to Outperform after recent dip in stock price.
03/28/2005 08:00:27 AM
StreetInsider Alert for ELBO
Mar 28, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Electronics Boutique (Nasdaq: ELBO) from Market Perform to Outperform on positive long-term outlook-Price target $50.
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03/28/2005 08:00:13 AM
StreetInsider Alert for SDS
Mar 28, 2005 (streetinsider.com via COMTEX) --SunGard Data Systems (NYSE: SDS) announced a definitive agreement under which the consortium will acquire SunGard in a transaction valued at approximately $11.3 billion. The acquiring consortium was organized by Silver Lake Partners and includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co. L.P., Providence Equity Partners and Texas Pacific Group. Under the terms of the agreement, SunGard stockholders will receive $36 in cash for each share of SunGard common stock they hold. SunGard's existing bonds in the principal amount of $500 million will remain outstanding.
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