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Final - StreetInsider Alerts 03/30/2005 @ 05:10:15 PM
By StreetInsider.com, Investing-News.Com
Mar 30, 2005, 19:17

BIIB DJ:INDU ( JCDA CGTK ) HRL ENWV WDC GPS RNAI RI PCTY DGII HTI CKCM WGRD SSTI OXM HITK (To Earlier Below)


03/30/2005 05:10:15 PM
StreetInsider Alert for BIIB

Mar 30, 2005 (streetinsider.com via COMTEX) --Elan Corporation, plc (NYSE: ELN) and Biogen Idec (NASDAQ: BIIB) said ongoing safety evaluation of TYSABRI has led to a previously diagnosed case of malignant astrocytoma being reassessed as progressive multifocal leukoencephalopathy (PML), in a patient in an open label Crohn's disease clinical trial.


03/30/2005 04:55:21 PM
StreetInsider Alert for DJ:INDU

Mar 30, 2005 (streetinsider.com via COMTEX) --The Dow finished 135.23 points higher to close at 10,540, the Nasdaq rose 31.79 points to close at 2,005, and the S&P 500 gained 16.05 points to close at 1,181.

The markets closed out the trading session in the green today as oil inventories were higher and struggling sectors such as Internet, Retail, and Airlines saw buying interest.

Volume was heavy with 2.08 billion shares trading on the NYSE and 1.71 billion on the Nasdaq. Advancers outpaced decliners today by a margin of 25:7 on the NYSE and by a margin of 21:9 on the Nasdaq.

In individual stories, Jacada Ltd. (Nasdaq: JCDA) closed 27.64% higher after entering into an enterprise license agreement with a large telecommunications provider that is expected to yield several million dollars over the coming quarters. On the downside, Corgentech Inc. (Nasdaq: CGTK) closed 51.69% lower after announcing that treatment with E2F Decoy failed to meet the trial's primary and secondary endpoints.

Tomorrow traders will be watching for data from Initial Claims, Personal Income, Personal Spending, Factory Oders, Chicago PMI, and the Help-Wanted Index. Initial Claims, Personal Income, and Personal Spending are due to hit the wires at 8:30 A.M. The Chicago PMI, Help-Wanted Index, and Factory Orders are scheduled for 10:00 A.M.


03/30/2005 04:50:19 PM
StreetInsider Alert for HRL

Mar 30, 2005 (streetinsider.com via COMTEX) --Hormel Foods Corporation (NYSE: HRL) announced it has purchased privately held Mark-Lynn Foods Inc. of Bremen, Ga., for approximately $42.5 million. The company anticipates sales of about $50 million, and expects the deal to be $.01 accretive to the 2005 earnings per share.


03/30/2005 04:40:18 PM
StreetInsider Alert for ENWV

Mar 30, 2005 (streetinsider.com via COMTEX) --Endwave Corporation (Nasdaq: ENWV) announced the execution of a Phase II development contract to engineer next-generation hardware in preparation for volume production for SafeView, Inc. Additionally, the companies have agreed to a multi-year production agreement for the Phase II switch systems, which are expected to be deployed by SafeView starting in early 2006. Endwave will continue to deliver the current Phase I hardware to SafeView with a coordinated phase-in / phase-out plan anticipated toward the end of 2005.


03/30/2005 04:35:20 PM
StreetInsider Alert for WDC

Mar 30, 2005 (streetinsider.com via COMTEX) --Western Digital (NYSE: WDC) expects to earn between 29 cents to 31 cents a share for the third fiscal quarter on revenues of $900 million to $915 million (consensus is $0.18 and $901M). Stock halted.


03/30/2005 04:35:19 PM
StreetInsider Alert for GPS

Mar 30, 2005 (streetinsider.com via COMTEX) --Gap Inc. (NYSE: GPS) announced that Anne Gust will be stepping down as Executive Vice President, Chief Administrative Officer and Chief Compliance Officer of Gap Inc., effective May 13, 2005.


03/30/2005 04:30:25 PM
StreetInsider Alert for RNAI

Mar 30, 2005 (streetinsider.com via COMTEX) --Sirna Therapeutics, Inc. (Nasdaq: RNAI) announced that Martin E. Schmieg, Senior Vice President and Chief Financial Officer, has resigned his position with Sirna Therapeutics effective April 22, 2005. After that, Mr. Schmieg will continue to assist the company with its transition to a new CFO.


03/30/2005 04:30:15 PM
StreetInsider Alert for RI

Mar 30, 2005 (streetinsider.com via COMTEX) --Ruby Tuesday Inc (NYSE: RI) reported Q3 EPS of $0.42, 3 cents better than estimates. Revenues came in at $289.2 million versus the consensus of $296.04 million.


03/30/2005 04:30:14 PM
StreetInsider Alert for PCTY

Mar 30, 2005 (streetinsider.com via COMTEX) --Ralph D. Dillon, Non-Executive Chairman of Party City Corporation (Nasdaq: PCTY), announced that the Company's Board of Directors has formed a special committee to explore strategic alternatives and that it is hiring a financial advisor. Recently, the Company has received inquiries from more than one entity interested in engaging in a strategic combination with Party City.

In addition, the Company announced that Nancy Pedot has stepped down as Chief Executive Officer and as a member of the Board of Directors.


03/30/2005 04:25:24 PM
StreetInsider Alert for DGII

Mar 30, 2005 (streetinsider.com via COMTEX) --Digi International (NASDAQ: DGII) announced the acquisition of FS Forth-Systeme GmbH and Sistemas Embebidos S.A, both leading providers of embedded modules and software for the rapidly expanding embedded networking market.

The purchase price includes an initial payment of $4.4 million and is subject to possible post-closing adjustments, and additional payments over two years. The additional payments are dependent on FS Forth and Sistemas Embebidos achieving certain future milestones. FS Forth and Sistemas Embebidos, which are privately held and previously a part of Embedded Solutions AG of Germany, will operate as separate legal entities but will be included in Digi International's consolidated financial statements. Digi anticipates that this acquisition will be accretive to earnings in fiscal year 2005.


03/30/2005 04:25:23 PM
StreetInsider Alert for HTI

Mar 30, 2005 (streetinsider.com via COMTEX) --Halozyme Therapeutics, Inc. (Amex: HTI) and Baxter Healthcare Corporation announced today that they have expanded their relationship by signing a development and supply agreement for Enhanze SC, Halozyme's recombinant human hyaluronidase enzyme (rHuPH20).

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03/30/2005 04:25:23 PM
StreetInsider Alert for CKCM

Mar 30, 2005 (streetinsider.com via COMTEX) --Click Commerce, Inc. (Nasdaq: CKCM) announced that SUBWAY restaurants, one of the world's largest franchise companies, selected the company's channel management solution to reduce the application and ramp-up process for its new franchise owners, and improve marketing program effectiveness for its franchisees worldwide.


03/30/2005 04:15:11 PM
StreetInsider Alert for WGRD

Mar 30, 2005 (streetinsider.com via COMTEX) --Watchguard Technologies Inc (Nasdaq: WGRD) reported a Q4 loss of $0.08, 3 cents worse than estimates. Revenues came in at $19.3 million versus the consensus of $20.72 million.


03/30/2005 04:10:29 PM
StreetInsider Alert for SSTI

Mar 30, 2005 (streetinsider.com via COMTEX) --Silicon Storage Technology, Inc. (Nasdaq: SSTI) warns for Q1; revenue in the first quarter is expected to be between $84 and $88 million versus previous guidance of $95 to $105 million. Loss per share is expected to be between $0.11 and $0.15, versus previous guidance of a loss per share between $0.09 and $0.13. The shortfall in revenue is primarily due to lower than expected demand and decreasing average selling prices caused by industry-wide oversupply and the continued heavy competition among all flash suppliers.


03/30/2005 04:10:11 PM
StreetInsider Alert for OXM

Mar 30, 2005 (streetinsider.com via COMTEX) --Oxford Industries Inc (NYSE: OXM) reported Q3 EPS of $0.80, 11 cents better than estimates. Revenues came in at $349 million versus the consensus of $356.7 million. Sees Q4 EPS of $1.00-$1.10 versus the consensus of $1.13.


03/30/2005 04:05:18 PM
StreetInsider Alert for HITK

Mar 30, 2005 (streetinsider.com via COMTEX) --Hi-Tech Pharmacal Co., Inc. (NASDAQ: HITK) announced that the US Food and Drug Administration (FDA) has granted tentative approval to the Company's Abbreviated New Drug Application (ANDA) for Levofloxacin Ophthalmic Solution USP, 0.5%. Hi-Tech's Levofloxacin Ophthalmic Solution USP, 0.5% is the generic equivalent of Santen's Quixin Ophthalmic Solution, 0.5% indicated for the treatment of bacterial infections.


~~~ Guidance For Trades ~~~ [ ALT + BACK ARROW ] to Return


DCEL ZIXI DJ:INDU ( CGTK JCDA TWTR KOSP WAT HOFT TTEK TZOO ILMN FRNT AMR ) (To Earlier Below)


03/30/2005 03:25:17 PM
StreetInsider Alert for DCEL

Mar 30, 2005 (streetinsider.com via COMTEX) --The board of directors for Dobson Communications Corporation (Nasdaq: DCEL) named Steven P. Dussek to serve as chief executive officer and president for the $1.0 billion revenue wireless communications provider. With 1.6 million customers in 16 states, Dobson is the eighth largest wireless provider in the United States.

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03/30/2005 01:35:28 PM
StreetInsider Alert for ZIXI

Mar 30, 2005 (streetinsider.com via COMTEX) --Zix Corporation (Nasdaq: ZIXI) announced that St. Peter's Health Care Services, a New York nonprofit healthcare system based in Albany, has signed a three-year contract for ZixCorp services.

St. Peter's selected ZixVPM and ZixPort email encryption services to comply with mandates of the Health Insurance Portability and Accountability Act of 1996. ZixVPM will enforce email security policies to ensure secure handling of confidential data for 1,300 users.


03/30/2005 01:35:08 PM
StreetInsider Alert for DJ:INDU

Mar 30, 2005 (streetinsider.com via COMTEX) --03/30: Streetinsider.com's Unusual 11 Afternoon Movers:

Corgentech Inc. (Nasdaq: CGTK) 50.30% LOWER; announced that treatment with E2F Decoy failed to meet primary and secondary endpoints.

Jacada Ltd. (Nasdaq: JCDA) 35.68% HIGHER; entered into an enterprise license agreement with a large telecommunications provider.

Tweeter Home Entertainment (Nasdaq: TWTR) 26.7% HIGHER; Steven A. Cohen, hedge fund manager of SAC Capital, disclosed a 6.1% stake in the company.

Kos Pharmaceuticals, Inc. (Nasdaq: KOSP) 24.17% HIGHER; is engaged in discussions with Barr Laboratories, Inc. to settle outstanding patent litigation.

Waters Corporation (NYSE: WAT) 20.30% LOWER; lowered guidance for Q1 revenue and EPS due to weaker than expected sales growth.

Hooker Furniture Corporation (Nasdaq: HOFT) 19.91% LOWER; BB&T Capital Markets downgraded the stock.

Tetra Tech, Inc. (Nasdaq: TTEK) 17.81% LOWER; expects to report a loss in its second fiscal quarter in excess of $50 million.

Travelzoo Inc (Nasdaq: TZOO) 15.27% HIGHER; Susquehanna upgraded the stock.

Illumina Inc (Nasdaq: ILMN) 14.18% HIGHER; Baird upgraded the stock.

Frontier Airlines Inc (Nasdaq: FRNT) 14.16% HIGHER; Merrill Lynch upgraded the stock.

AMR Corporation (NYSE: AMR) 9.77% HIGHER; Merrill Lynch upgraded the stock.


~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return


TTIL TWTR APL ITI DJ:INDU ( CGTK WAT KOSP ZOLT TTEK FRNT AMR TZOO ) SPEX DRS (To Earlier Below)


03/30/2005 01:15:21 PM
StreetInsider Alert for TTIL

Mar 30, 2005 (streetinsider.com via COMTEX) --TTI Telecom International Ltd. (NASDAQ: TTIL) announced that Menahem Tirosh has resigned from his position as Chief Executive Officer of TTI Telecom effective immediately. On an interim basis, the Board of Directors has appointed Meir Lipshes, Chairman of the Board of Directors and previously CEO of TTI Telecom from January 1996 through September 2004, to serve as acting Chief Executive Officer. The Board of Directors has also formed a committee to begin immediately a search for a permanent Chief Executive Officer.

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03/30/2005 12:45:18 PM
StreetInsider Alert for TWTR

Mar 30, 2005 (streetinsider.com via COMTEX) --Tweeter Home Entertainment (Nasdaq: TWTR) is 25% higher in mid-day action after powerful but controversial hedge fund manager, Steven A. Cohen, of SAC Capital disclosed a 6.1% stake in the company. This is up from the 3.6% the hedge fund owned in December.


03/30/2005 12:40:13 PM
StreetInsider Alert for APL

Mar 30, 2005 (streetinsider.com via COMTEX) --Atlas Pipeline Partners L.P. (NYSE: APL) announces the appointment of Matthew A. Jones, CFA as Chief Financial Officer of its general partner. For the last nine years, Mr. Jones has been with Friedman Billings Ramsey's (FBR) Investment Banking Group, the last six of which he spent in their Energy Investment Banking Group, most recently as Managing Director. Previous to FBR, Mr. Jones held positions with Nationsbank and its predecessors for twelve years in the Commercial and Real Estate Finance division. Mr. Jones has a BBA from George Washington University and is a Chartered Financial Analyst.


03/30/2005 10:50:15 AM
StreetInsider Alert for ITI

Mar 30, 2005 (streetinsider.com via COMTEX) --Iteris, Inc. (AMEX: ITI) announced that the company and its regional distributor, Temple, Inc., were awarded the Open Agency Contract for Vantage Video Detection Systems by the Georgia Department of Transportation (GDOT).

This contract allows any public agency within the state of Georgia, in addition to GDOT, to readily procure Iteris' Vantage video detection systems using the state contract. The contract is the result of a competitive bid process with selection criteria that included service, reliability, performance, and price. The initial contract period is for one year.


03/30/2005 10:20:18 AM
StreetInsider Alert for DJ:INDU

Mar 30, 2005 (streetinsider.com via COMTEX) --03/30: Streetinsider.com's Unusual 8 Morning Movers:

Corgentech Inc. (Nasdaq: CGTK) 46.52% LOWER; announced that treatment with E2F Decoy failed to meet the trial's primary and secondary endpoints.

Waters Corporation (NYSE: WAT) 21.64% LOWER; lowered guidance for Q1 revenue and EPS due to weaker than expected sales growth. In addition the stock was downgraded by numerous firms.

Kos Pharmaceuticals, Inc. (Nasdaq: KOSP) 20.15% HIGHER; is engaged in discussions with Barr Laboratories, Inc. to settle the outstanding patent litigation regarding Kos' Niaspan product.

Zoltek Companies Inc. (Nasdaq: ZOLT) 11.97% HIGHER; concluded a long-term strategic supply agreement with Fiberblade S.A. (a business unit of Gamesa Eolica) of Pamplona, Spain.

Tetra Tech, Inc. (NASDAQ: TTEK) 11.87% LOWER; expects to report a loss in its second fiscal quarter ending April 3, 2005 in excess of $50 million.

Frontier Airlines Inc (Nasdaq: FRNT) 10.81% HIGHER; Merrill Lynch upgraded the stock from Neutral to Buy.

AMR Corporation (NYSE: AMR) 10.78% HIGHER; Merrill Lynch upgraded the stock from Neutral to Buy, citing an expected increase in revenue.

Travelzoo Inc (Nasdaq: TZOO) 10.56% HIGHER; Susquehanna upgraded the stock from Net Negative to Net Neutral.


03/30/2005 09:35:21 AM
StreetInsider Alert for SPEX

Mar 30, 2005 (streetinsider.com via COMTEX) --The BioSpherix Division of Spherix Incorporated (Nasdaq: SPEX) announced human clinical trials had begun to test Naturlose, the Firm's unique, naturally-occurring sugar, in fighting oral plaque. BioSpherix believes that the trials, being conducted by the University of Maryland School of Dentistry, will provide human validation of the Firm's own laboratory tests(1,2). They demonstrated Naturlose's ability to prevent oral bacteria from forming plaque, and to destroy any plaque already formed. The Firm's revolutionary product is doubly patented for use as an active drug and as a low-calorie sweetener in drugs to increase their palatability.


03/30/2005 09:35:19 AM
StreetInsider Alert for DRS

Mar 30, 2005 (streetinsider.com via COMTEX) --DRS Technologies, Inc. (NYSE: DRS) announced that it has received a contract valued at approximately $49 million to provide Improved Bradley Acquisition Subsystems (IBAS) for the U.S. Army's Bradley A3 vehicle program. The Bradley Fighting Vehicles are among the most formidable ground force capabilities in U.S. Army inventory and continue to be an integral part of the military's operations in Iraq. The IBAS enables vehicle gunners to detect, identify and engage tactical targets at dramatically greater operational ranges, increasing ground force survivability and target lethality.

The contract was awarded to DRS by the Ground Systems Division of United Defense Industries, Inc. (NYSE: UDI). For this order, DRS will produce, test and provide support services for the IBAS, which includes the Target Acquisition Subsystem (TAS) and Missile Control Subsystem (MCS). This order also will include the new U.S. Army Block 1 B-Kit - a Second Generation Forward Looking Infrared (SG FLIR) system developed as part of the Army's Horizontal Technology Integration (HTI) initiative.



~~~ What To Look For ~~~ [ ALT + BACK ARROW ] to Return


LLL WGA JUPM UCL CRK MET NATL PUK COGN NTAP OPTN MSS JPM IIP GI TZOO ABAX SNX FLIR RSYS CE BVF MFLX KOSP PLUS FRNT AMR UBET EQIX NNI BLL ABC IMA WAT GM CENT TMO ICOR SKIL PEP EFJI NPSP WAG CECE PFSW MWY MAXY INLD SBIB TCBI SFD TWW GRIC AKAM HOFT KMX DF ING STON APCS HGSI DFIB AIG TEVA JCDA ILMN NCR GBX CGTK XPRSA OMX INSP


03/30/2005 09:25:21 AM
StreetInsider Alert for LLL

Mar 30, 2005 (streetinsider.com via COMTEX) --L-3 Communications (NYSE: LLL) announced that its L-3 Communications Security & Detection Systems, Inc. subsidiary (L-3 Security & Detection Systems) has received a significant order to provide the Narita Airport Corporation (NAA) with the company's next generation explosives detection system (EDS), the eXaminer 3DX® 6500, that will primarily be used to screen baggage for international flights at Tokyo-Narita International Airport (NRT). The eXaminers will be integrated into the automated baggage handling system of this major international hub airport.

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03/30/2005 09:15:21 AM
StreetInsider Alert for WGA

Mar 30, 2005 (streetinsider.com via COMTEX) --Wells-Gardner Electronics Corporation (Amex: WGA) announced that it has signed a nonbinding letter of intent to purchase all of the outstanding stock of Pentranic Group Ltd. of Livingston, Scotland, a manufacturer of CRT monitors and LCDs for sale to the gaming and amusement markets in Europe. The terms of the transaction have not been disclosed. The transaction is subject to due diligence, negotiation of a definitive agreement and the approval of the Wells-Gardner Board of Directors, as well as to Pentranic Group's disposition or spin-off of its power supply business and real estate assets, which will not be included in the purchase. Assuming satisfaction of these conditions, Wells-Gardner expects the transaction to close within approximately 90 days.


03/30/2005 09:15:20 AM
StreetInsider Alert for JUPM

Mar 30, 2005 (streetinsider.com via COMTEX) --Jupitermedia Corporation (Nasdaq: JUPM) announced it has acquired GraphicDesignForum (www.graphicdesignforum.com), a leading interactive community of design professionals. Terms of the acquisition were not disclosed.


03/30/2005 09:15:18 AM
StreetInsider Alert for UCL

Mar 30, 2005 (streetinsider.com via COMTEX) --Unocal Corporation (NYSE: UCL) said its Canadian subsidiary, Northrock Resources Ltd., has made a hydrocarbon discovery on the Summit Creek prospect in the Central Mackenzie Valley area of the Northwest Territories in Canada.

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03/30/2005 09:10:21 AM
StreetInsider Alert for CRK

Mar 30, 2005 (streetinsider.com via COMTEX) --Comstock Resources, Inc. (NYSE: CRK) announced that it has priced a public offering of 4,545,454 shares of its common stock at a price of $27.50 per share.

Net proceeds from the offering, after deducting underwriters' discounts and expenses, are expected to be approximately $121 million. The offering is expected to close on April 4, 2005. The proceeds will initially be used to reduce amounts outstanding under the Company's bank credit facility, which then will be available to fund the Company's recently announced $192.5 million acquisition of oil and gas properties from EnSight Energy Partners, L.P.

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03/30/2005 09:05:18 AM
StreetInsider Alert for MET

Mar 30, 2005 (streetinsider.com via COMTEX) --MetLife, Inc. (NYSE: MET) announced that a contract has been executed to sell its One Madison Avenue property in Manhattan to SL Green Realty for $918 million. The sale is expected to result in a gain in excess of $420 million, net of income taxes, and will have no material impact on operating earnings. It is anticipated that the sale will close in the second quarter of 2005, subject to customary closing conditions. As a result of the sale, MetLife will no longer have any ownership interest or significant lease presence in the building.


03/30/2005 09:05:17 AM
StreetInsider Alert for NATL

Mar 30, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiated coverage on National Interstate Corporations (Nasdaq: NATL) with a Neutral rating.


03/30/2005 09:05:16 AM
StreetInsider Alert for PUK

Mar 30, 2005 (streetinsider.com via COMTEX) --Morgan Stanley upgraded Prudential PCL ADS UK (NYSE: PUK) from Equal-weight to Overweight. The firm notes that the appointment of Mark Tucker as chief executive will act as a catalyst for many investors to reconsider the merits of the stock.

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03/30/2005 09:00:26 AM
StreetInsider Alert for COGN


Mar 30, 2005 (streetinsider.com via COMTEX) --A.G. Edwards initiated coverage on Cognos Incorporated (Nasdaq: COGN) with a Hold rating. The firm noted that their checks indicate COGN is likely to report a strong F4Q-05 this week, cementing the company's position among the strongest sales momentum in the software industry


03/30/2005 09:00:25 AM
StreetInsider Alert for NTAP

Mar 30, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Network Appliance, Inc. (Nasdaq: NTAP) with an Equal-weight rating; $27.00 price target. In the firm's opinion, NTAP is a clear leader in the networked storage space, and this is largely reflected in its valuation.


03/30/2005 09:00:25 AM
StreetInsider Alert for OPTN

Mar 30, 2005 (streetinsider.com via COMTEX) --Susquehanna initiated coverage on Option Care, Inc. (Nasdaq: OPTN) with a Net Positive rating. In the firm's opinion, OPTN is well positioned to benefit from strong secular trends, including a robust biotech pipeline, aging demographics, and increased utilization of specialty distribution by manufacturers.

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03/30/2005 08:55:14 AM
StreetInsider Alert for MSS

Mar 30, 2005 (streetinsider.com via COMTEX) --JMP Securities initiated coverage on Measurement Specialties, Inc. (AMEX: MSS) with a Market Outperform rating; $30.00 price target. The firm believes that following a restructuring, MSS is positioned for accelerating sales and EPS over the next 2 years given strong organic growth and a continuation of acquisition activity.


03/30/2005 08:55:14 AM
StreetInsider Alert for JPM

Mar 30, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods initiated coverage on JP Morgan Chase & Company (NYSE: JPM) with a Market Perform rating.


03/30/2005 08:55:13 AM
StreetInsider Alert for IIP

Mar 30, 2005 (streetinsider.com via COMTEX) --Thomas Weisel Partners initiated coverage on InterNAP Network Services Corporation (AMEX: IIP) with a Peer Perform rating.

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03/30/2005 08:50:11 AM
StreetInsider Alert for GI

Mar 30, 2005 (streetinsider.com via COMTEX) --Friedman Billings Ramsey upgraded Giant Industries, Inc. (NYSE: GI) from Market Perform to Outperform. The firm based their upgrade on valuation of the stock.


03/30/2005 08:50:10 AM
StreetInsider Alert for TZOO

Mar 30, 2005 (streetinsider.com via COMTEX) --Susquehanna upgraded Travelzoo Inc (Nasdaq: TZOO) from Net Negative to Net Neutral. The firm believes that although valuation remains lofty, with strong execution against its growth opportunities, upward forecast revisions and share appreciation are possible. Consequently, they feel that at current levels the risk/reward to be balanced.


03/30/2005 08:50:10 AM
StreetInsider Alert for ABAX

Mar 30, 2005 (streetinsider.com via COMTEX) --SunTrust Banks downgraded Abaxis, Inc. (Nasdaq: ABAX) from Buy to Neutral. While the firm still believes in ABAX's veterinary business, they now look for a considerable amount of additional investment (and time) will be needed in order to build this market. They are moving to the sidelines for the time being.

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03/30/2005 08:45:10 AM
StreetInsider Alert for SNX

Mar 30, 2005 (streetinsider.com via COMTEX) --Needham & Co. downgraded Synnex Corporation (NYSE: SNX) from Buy to Hold. The firm 's downgrade follows SNX guiding Q2 below consensus.


03/30/2005 08:45:09 AM
StreetInsider Alert for FLIR

Mar 30, 2005 (streetinsider.com via COMTEX) --Needham & Co. upgraded FLIR Systems Inc (Nasdaq: FLIR) from Hold to Buy; $33.00 price target.


03/30/2005 08:45:08 AM
StreetInsider Alert for RSYS

Mar 30, 2005 (streetinsider.com via COMTEX) --Kaufman Brothers L.P. initiated coverage on RadiSys Corporation (Nasdaq: RSYS) with a Hold rating; $16.50 price target. The firm thinks RSYS is well positioned to benefit from the outsourcing of research and development activities at leading OEMs, as such they expect 2006 and 2007 could be healthy growth years for RSYS, though they remain concerned about the overall technology market this year, combined with a stock that they believe is approaching fair value based on our current estimates.

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03/30/2005 08:40:25 AM
StreetInsider Alert for CE

Mar 30, 2005 (streetinsider.com via COMTEX) --Celanese Holding GmbH, an indirect, wholly-owned subsidiary of Celanese Corporation (NYSE: CE), has received in the first quarter approximately $75 million (EUR 56 million) from Vinnolit Cayman Ltd. and Vinnolit Luxembourg S.a r.l. for the sale of receivables related to loans that Celanese had granted as part of its divestiture of Vinnolit GmbH in 2000 to private equity funds advised by Advent International. Celanese also sold its remaining 4.54% interest in Vinnolit Holdings GmbH in this transaction. Celanese does not anticipate that this transaction will impact net earnings.


03/30/2005 08:40:25 AM
StreetInsider Alert for BVF

Mar 30, 2005 (streetinsider.com via COMTEX) --Biovail Corporation (NYSE: BVF) announced that it has received comments from the FDA with regard to its New Drug Application (NDA) for Tramadol ER, an extended-release, once-daily formulation of tramadol hydrochloride.

The FDA has acknowledged that Biovail's Complete Response to the Tramadol ER Approvable Letter is a Class 2 response, which is therefore subject to a six-month review. The FDA has also advised that, upon preliminary review, it is of the opinion that additional clinical trial data will be required.


03/30/2005 08:40:12 AM
StreetInsider Alert for MFLX

Mar 30, 2005 (streetinsider.com via COMTEX) --Multi-Fineline Electronix, Inc. (Nasdaq: MFLX) and Mobility Electronics, Inc. (Nasdaq: MOBE) announced that they have signed technology development and manufacturing agreements aimed at utilizing M-Flex's component assembly capabilities and new embedding technology to reduce the size and weight of Mobility's universal power adapters for mobile electronic (ME) devices, including portable computers.


03/30/2005 08:40:12 AM
StreetInsider Alert for KOSP

Mar 30, 2005 (streetinsider.com via COMTEX) --Barr Pharmaceuticals, Inc. (NYSE: BRL) and Kos Pharmaceuticals, Inc. (Nasdaq: KOSP) announced that Barr Laboratories, Inc. and Kos are engaged in discussions to settle the outstanding patent litigation regarding Kos' Niaspan product


03/30/2005 08:40:11 AM
StreetInsider Alert for PLUS

Mar 30, 2005 (streetinsider.com via COMTEX) --ePlus inc. (Nasdaq: PLUS) was selected and has implemented spend analysis services for the domestic operations of PepsiCo, Inc. (NYSE: PEP). The project involves the use of ePlus' Spend+ VisualEngine graphical spend mapping tool and other Spend+ services.


03/30/2005 08:40:10 AM
StreetInsider Alert for FRNT

Mar 30, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Frontier Airlines Inc (Nasdaq: FRNT) from Neutral to Buy. In the firm's opinion, Frontier's top line could benefit from capacity retrenchment by United in the Denver markets.

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03/30/2005 08:35:19 AM
StreetInsider Alert for AMR

Mar 30, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded AMR Corporation (NYSE: AMR) from Neutral to Buy. The firm based their upgrade on AMR's filing last night that indicated the March qtr unit rev is expected to increase between 3.5%-4.5%.


03/30/2005 08:35:19 AM
StreetInsider Alert for UBET

Mar 30, 2005 (streetinsider.com via COMTEX) --ThinkEquity Partners upgraded Youbet.Com Inc (Nasdaq: UBET) from Accumulate to Buy. The firm based their upgrade on UBET's improving outlook.


03/30/2005 08:35:18 AM
StreetInsider Alert for EQIX

Mar 30, 2005 (streetinsider.com via COMTEX) --Thomas Weisel Partners initiated coverage on Equinix Inc (Nasdaq: EQIX) with a Peer Perform rating.

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03/30/2005 08:30:31 AM
StreetInsider Alert for NNI

Mar 30, 2005 (streetinsider.com via COMTEX) --Morgan Stanley downgraded Nelnet, Inc. (NYSE: NNI) from Overweight to Equal-weight; target price increased from $30.00 to $31.00. The firm lowering their rating on the stock as they forecast only mid-single digit earnings growth due to the 9.5% subsidy running off over time and the administration's budget proposal for student lending could severely compress returns on new business. They are raising their 05/06 EPS estimtes to reflect contribution of a portfolio acq from a related party. Also noting that otherwise, opportunity to create value through arms length portfolio acqs looks pretty limited, a function of intense competition


03/30/2005 08:30:22 AM
StreetInsider Alert for BLL

Mar 30, 2005 (streetinsider.com via COMTEX) --Banc of America downgrades Ball Corporation (NYSE: BLL) from 'buy' to 'neutral' with a $43 price target, says checks suggest some increased competitive activity in cans.


03/30/2005 08:30:21 AM
StreetInsider Alert for ABC

Mar 30, 2005 (streetinsider.com via COMTEX) --Soleil Securities Corporation downgraded AmerisourceBergen Corporation (NYSE: ABC) from Buy to Hold; target price decreased from $70.00 to $60.00. The firm based their downgrade on ABC's reduced FY05 outlook.


03/30/2005 08:30:20 AM
StreetInsider Alert for IMA

Mar 30, 2005 (streetinsider.com via COMTEX) --Jefferies Group initiated coverage on Inverness Medical Innovations, Incorporated (AMEX: IMA) with a Buy rating; $32.00 price target.

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03/30/2005 08:25:13 AM
StreetInsider Alert for WAT

Mar 30, 2005 (streetinsider.com via COMTEX) --Robert W. Baird downgraded Waters Corporation (NYSE: WAT) from Outperform to Neutral. Merrill Lynch downgraded the stock from Buy to Neutral. The firm based their downgrade on pre-announcement and expects WAT to report Q1 EPS of 34c-37c, vs. their previous estimate of 44c and Wall Street consensus of 45c. They noted the rating change was also ased on slower earnings outlook for growth in 2005 and 2006. Lehman Brothers Holdings downgraded the stock from Overweight to Equal-weight. The firm based their downgrade on lack of visibility.


03/30/2005 08:25:13 AM
StreetInsider Alert for GM

Mar 30, 2005 (streetinsider.com via COMTEX) --General Motors Corp. (NYSE: GM) and the U.S. Department of Energy have signed a five-year, $88-million agreement to build a 40-vehicle fuel cell fleet and further develop the technology.


03/30/2005 08:25:12 AM
StreetInsider Alert for CENT

Mar 30, 2005 (streetinsider.com via COMTEX) --Fulcrum Global initiates coverage on Central Garden & Pet Company (Nasdaq: CENT) with a 'buy' rating and $50 price target.


03/30/2005 08:25:12 AM
StreetInsider Alert for TMO

Mar 30, 2005 (streetinsider.com via COMTEX) --Robert W. Baird downgraded Thermo Electron Corporation (NYSE: TMO) from Outperform to Neutral.


03/30/2005 08:20:13 AM
StreetInsider Alert for ICOR

Mar 30, 2005 (streetinsider.com via COMTEX) --Biotechnology company Icoria, Inc, (Nasdaq: ICOR) announced a number of changes to its board and senior executive staff.

Three board members have advised Icoria that they will resign or not stand for re-election at the company's May 11 annual meeting. They are: Robert M. Goodman, Ph.D., Board member since June 1998; Susan Harlander, Ph.D., Board member since May 2001; and Michael Summers, a Board member since March 1998.

To facilitate its realignment, Icoria has created an Office of the President, led by Heiri Gugger, President and CEO. Members of the Office of the President are: Keith Davis, Ph.D., will oversee Icoria's agricultural commitments during the transition; and Doug Morton, Ph.D.,will play a leading role in helping Icoria build its healthcare business.

Additional changes at the senior executive level include: Brett Farabaugh has been named Vice President, Finance; Peter Johnson, M.D., Executive Vice President and Chief Medical Officer, is leaving the company for personal reasons and to pursue other interests.

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03/30/2005 08:15:20 AM
StreetInsider Alert for SKIL

Mar 30, 2005 (streetinsider.com via COMTEX) --SkillSoft (Nasdaq: SKIL) reports Q4 earnings of $0.06 per share, 3 cents better than estimates. Revenues came in at $56.4 million versus the consensus of $56.4 million. Reaffirms FY06 outlook of $200-$206 million in revenues and EPS of $0.08-$0.12


03/30/2005 08:15:20 AM
StreetInsider Alert for PEP

Mar 30, 2005 (streetinsider.com via COMTEX) --PepsiCo (NYSE: PEP) announced the promotion of two of its senior most executives to lead its North American beverage and food operations, effective immediately and reporting directly to Chairman and CEO Steve Reinemund:

Dawn Hudson, 47, President & CEO of Pepsi-Cola North America (PCNA), based in Purchase, NY, will continue to oversee the development, marketing and selling of all beverages distributed through Pepsi's bottler network. She will lead PCNA's performance across all channels in the U.S. and Canada, and will also assume total responsibility for aligning all of PepsiCo's bottler partnerships to drive even greater growth.

John C. Compton, 43, has been named President & CEO of QTG.


03/30/2005 08:15:19 AM
StreetInsider Alert for EFJI

Mar 30, 2005 (streetinsider.com via COMTEX) --EFJ, Inc. (Nasdaq: EFJI) announced that its Transcrypt International subsidiary has received an order for approximately $500,000 from an overseas customer. The company will provide voice privacy products to be used to secure communications within the customer's two-way radio system.


03/30/2005 08:15:06 AM
StreetInsider Alert for NPSP

Mar 30, 2005 (streetinsider.com via COMTEX) --NPS Pharmaceuticals, Inc. (Nasdaq: NPSP) its European partner, Nycomed, has received confirmation from the European Medicines Agency that assessment of the market authorization application for Preotact has begun. Preotact is the European trade name for PREOS, the NPS drug candidate being developed for the treatment of postmenopausal osteoporosis.

NPS is in the final stages of preparing its new drug application for PREOS to be submitted to the FDA for U.S. marketing approval.


03/30/2005 08:15:05 AM
StreetInsider Alert for WAG

Mar 30, 2005 (streetinsider.com via COMTEX) --Royal Philips Electronics (NYSE: PHG) and Walgreen Co. (NYSE: WAG) announced that the Philips HeartStart Home Defibrillator is now available to consumers without a prescription via Walgreens.com and Walgreens toll free number 866-522-8007. Walgreens will be the first drugstore chain to carry the device since its clearance for sale without a prescription on September 16, 2004.

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03/30/2005 08:10:27 AM
StreetInsider Alert for CECE

Mar 30, 2005 (streetinsider.com via COMTEX) --CECO Environmental Corp. (Nasdaq: CECE) received $1.4 million in new orders from three customers. The orders include a $700,000 baghouse installation for a cement facility in the Eastern United States; a $450,000 order for heat isolation equipment for a glass manufacturer in the Southeastern United States; and a series of orders totaling about $250,000 for two different plants of an auto manufacturer located in the Southeastern United States.


03/30/2005 08:10:26 AM
StreetInsider Alert for PFSW

Mar 30, 2005 (streetinsider.com via COMTEX) --PFSweb, Inc. (Nasdaq: PFSW) announced it has won a three-year contract for a dedicated call center for an undisclosed consumer electronics manufacturer.

The value of the contract and its renewal options were not disclosed.


03/30/2005 08:10:25 AM
StreetInsider Alert for MWY

Mar 30, 2005 (streetinsider.com via COMTEX) --Warner Bros. Interactive Entertainment and Midway Games Inc. (NYSE: MWY) announced the signing of a multi-territory publishing agreement to develop video games based on Happy Feet, a comedy adventure written and directed by George Miller (the Babe movies, Lorenzo's Oil, the Mad Max trilogy), scheduled for release in November 2006. The multi-platform deal includes games for console, handheld and PC platforms.


03/30/2005 08:10:24 AM
StreetInsider Alert for MAXY

Mar 30, 2005 (streetinsider.com via COMTEX) --Maxygen, Inc. (Nasdaq: MAXY) said it earned a significant milestone in its collaboration with Roche to develop improved interferon alpha protein therapeutics to treat hepatitis C virus (HCV) and hepatitis B virus (HBV) infections. Maxygen and Roche are currently completing late stage preclinical studies and GMP manufacturing and are on track to file an Investigational New Drug application in preparation for Phase I clinical trials in 2006.


03/30/2005 08:10:23 AM
StreetInsider Alert for INLD

Mar 30, 2005 (streetinsider.com via COMTEX) --Thomas Weisel Partners initiated coverage on Interland Inc (Nasdaq: INLD) with an Underperform rating. The firm notes difficult integration of acquired businesses, pricing pressure and high cash burn.


03/30/2005 08:05:30 AM
StreetInsider Alert for SBIB

Mar 30, 2005 (streetinsider.com via COMTEX) --U.S. Bancorp Piper Jaffray downgraded Sterling Bancshares, Inc. (Nasdaq: SBIB) from Market Perform to Underperform; target price decreased from $14.00 to $12.00. The firm believes Sterling is facing difficulties in an increasingly competitive Texas banking landscape, as well as on valuation.


03/30/2005 08:05:29 AM
StreetInsider Alert for TCBI

Mar 30, 2005 (streetinsider.com via COMTEX) --U.S. Bancorp Piper Jaffray downgraded Texas Capital Bancshares, Inc. (Nasdaq: TCBI) from Outperform to Market Perform; target price decreased from $27.00 to $23.00. In the firm's opinion, TCBI could experience a seasonally slower Q1, mainly with loan growth. Although they look for TCBI to continue posting very respectable fundamentals, they feel there may be a lack of short-term catalysts to drive the stock.


03/30/2005 08:05:16 AM
StreetInsider Alert for SFD

Mar 30, 2005 (streetinsider.com via COMTEX) --Prudential upgrades Smithfield Foods (NYSE: SFD) from 'neutral' to 'overweight' and raises its price target to $35.


03/30/2005 08:05:08 AM
StreetInsider Alert for TWW

Mar 30, 2005 (streetinsider.com via COMTEX) --Thomas Weisel Partners initiated coverage on Terremark Worldwide, Incorporated (AMEX: TWW) with an Outperform rating. In the firm's opinion, TWW's model has significant operating leverage given the company already owns and operates the N.A.P. of the Americas facility, which inherently functions like a landlord/tenant model.


03/30/2005 08:01:14 AM
StreetInsider Alert for GRIC

Mar 30, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates coverage on GoRemote Internet (Nasdaq: GRIC) with an 'outperform' rating. The analyst sees significant upside potential.


03/30/2005 08:01:14 AM
StreetInsider Alert for AKAM

Mar 30, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates coverage on Akamai Technologies (Nasdaq: AKAM) with an 'outperform' rating; sees continued growth and believes the shares are still undervalued.


03/30/2005 08:01:13 AM
StreetInsider Alert for HOFT

Mar 30, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets downgrades Hooker Furniture Corporation (Nasdaq: HOFT) from 'buy' to 'hold'.


03/30/2005 08:01:12 AM
StreetInsider Alert for KMX

Mar 30, 2005 (streetinsider.com via COMTEX) --CarMax (NYSE: KMX) reports Q4 earnings of $0.28 per share, in-line with estimates. Revenues came in at $1.4 billion versus the consensus of $1.4 billion. Sees Q1 EPS of $0.35-$0.38 versus the consensus of $0.38 and FY06 EPS of $1.20-$1.30 versus the consensus of $1.25.


03/30/2005 08:01:10 AM
StreetInsider Alert for DF

Mar 30, 2005 (streetinsider.com via COMTEX) --Legg Mason initiates coverage on Dean Foods (NYSE: DF) with a 'buy' rating and $40 price target.


03/30/2005 08:01:09 AM
StreetInsider Alert for ING

Mar 30, 2005 (streetinsider.com via COMTEX) --UBS downgrades ING Group (NYSE: ING) from 'buy' to 'neutral'.

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03/30/2005 08:00:51 AM
StreetInsider Alert for STON

Mar 30, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades StoneMor Partners L.P (Nasdaq: STON) from 'neutral' to 'buy' with a $24.50 target.


03/30/2005 08:00:51 AM
StreetInsider Alert for APCS

Mar 30, 2005 (streetinsider.com via COMTEX) --Baird upgrades Alamosa Holdings (Nasdaq: APCS) from 'neutral' to 'outperform' with a $14 price target, citing favorable risk/reward.


03/30/2005 08:00:50 AM
StreetInsider Alert for HGSI

Mar 30, 2005 (streetinsider.com via COMTEX) --Human Genome Sciences, Inc. (Nasdaq: HGSI) has begun dosing patients in a Phase 1 clinical trial to evaluate the safety, tolerability and pharmacology of CCR5 mAb in patients who are infected with HIV-1, the retrovirus that causes acquired immunodeficiency syndrome (AIDS).


03/30/2005 08:00:49 AM
StreetInsider Alert for DFIB


Mar 30, 2005 (streetinsider.com via COMTEX) --Cardiac Science, Inc. (Nasdaq: DFIB) said it has been awarded a contract from Novation, the supply company of VHA Inc. and the University HealthSystem Consortium, covering Cardiac Science's patented Powerheart Cardiac Rhythm Module.


03/30/2005 08:00:49 AM
StreetInsider Alert for AIG

Mar 30, 2005 (streetinsider.com via COMTEX) --American International Group, Inc. (NYSE: AIG) said the filing of its 2004 Form 10-K will be delayed beyond the March 31, 2005 extended due date in order to provide AIG, its Board of Directors and its new management adequate time to complete their extensive review of AIG's books and records.


03/30/2005 08:00:48 AM
StreetInsider Alert for TEVA

Mar 30, 2005 (streetinsider.com via COMTEX) --Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) said the FDA has granted tentative approval for the Company's Octreotide Acetate Injection, 50 mcg/mL, 100 mcg/mL and 500 mcg/mL in one-mL single-dose vials and 200 mcg/mL and 1000 mcg/mL in 5 mL multi-dose vials. Final approval is subject to the expiration of any applicable exclusivity period enjoyed by another ANDA filer. Octreotide Acetate Injection is the AP-rated generic equivalent of Novartis Pharmaceuticals' (NYSE: NVS) Sandostatin Injection.


03/30/2005 08:00:47 AM
StreetInsider Alert for JCDA

Mar 30, 2005 (streetinsider.com via COMTEX) --Jacada Ltd. (Nasdaq: JCDA) entered into an enterprise license agreement with a large telecommunications provider. The software license agreement, which is expected to yield several million dollars over the coming quarters, will not materially affect the 2005 first quarter results.


03/30/2005 08:00:47 AM
StreetInsider Alert for ILMN

Mar 30, 2005 (streetinsider.com via COMTEX) --Baird upgrades Illumina Inc (Nasdaq: ILMN) from 'neutral' to 'outperform'.


03/30/2005 08:00:46 AM
StreetInsider Alert for NCR

Mar 30, 2005 (streetinsider.com via COMTEX) --Baird downgrades NCR Corp (NYSE: NCR) from 'outperform' to 'neutral' and cuts its price target to $34, following CEO departure.


03/30/2005 08:00:46 AM
StreetInsider Alert for GBX

Mar 30, 2005 (streetinsider.com via COMTEX) --Greenbrier Comp (NYSE: GBX) reports Q2 earnings of $0.31 per share, 2 cents better than estimates. Revenues came in at $254.9 million versus the consensus of $231 million.


03/30/2005 08:00:34 AM
StreetInsider Alert for CGTK

Mar 30, 2005 (streetinsider.com via COMTEX) --Corgentech Inc. (Nasdaq: CGTK) and Bristol-Myers Squibb Company (NYSE: BMY) announced top-line results from PREVENT IV, a Phase 3 clinical trial evaluating the use of edifoligide (E2F Decoy), an investigational product, to prevent vein graft failure following coronary artery bypass graft surgery. Treatment with E2F Decoy failed to meet the trial's primary and secondary endpoints


03/30/2005 08:00:33 AM
StreetInsider Alert for XPRSA

Mar 30, 2005 (streetinsider.com via COMTEX) --U.S. Xpress Enterprises, Inc. (NASDAQ: XPRSA) sees a Q1 net loss of $0.11 per share to $0.14 per share and revenues of approximately $270.0 million (consensus is $0.10 profit and $274.15M). The company cited seasonal freight downturn, higher operating costs, including record high fuel prices, and difficulty in attracting drivers.


03/30/2005 08:00:27 AM
StreetInsider Alert for OMX

Mar 30, 2005 (streetinsider.com via COMTEX) --OfficeMax Incorporated (NYSE: OMX) commenced a modified "Dutch Auction" tender offer to purchase up to 23,500,000 shares of its outstanding common stock, par value $2.50 per share, at a price between $30.00 and $34.00 per share, for an aggregate purchase price of up to $799,000,000 million. This represents approximately 25% of the current outstanding shares of common stock.


03/30/2005 08:00:23 AM
StreetInsider Alert for INSP

Mar 30, 2005 (streetinsider.com via COMTEX) --JP Morgan upgrades InfoSpace (Nasdaq: INSP) from 'neutral' to 'overweight'.

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