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Final - StreetInsider Alerts 04/14/2005 @ 11:00:37 PM
By StreetInsider.com / Briefing.com, Investing-News.Com
Apr 14, 2005, 23:32

SAP KEX DJ:INDU ( SYX MCRI ) EXTR NETL MERX CREE SUNW (To Earlier Below)


04/14/2005 11:00:37 PM
Briefing.com: Hourly In Play (R) - 23:00 ET
[Briefing.com Stock Information]


Apr 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)

Updated: 14-Apr-05 23:00 ET

16:45

JH John H. Harland raises guidance above consensus (36.50 -0.57)

Co raises guidance for Q1 (Mar), to EPS of $0.59-0.62 from $0.50-0.59 vs. $0.53 Reuters Estimates consensus; co raises guidance for FY05 (Dec), to EPS of $2.46-2.51 from $2.38-2.43 vs. $2.40 consensus.

16:40

EXTR Extreme Networks misses by $0.04, ex items; guides Q4 revs below consensus (5.00 -0.16)

Reports Q3 (Mar) earnings of $0.01 per share, excluding non-recurring items, $0.04 worse than the Reuters Estimates consensus of $0.05; revenues rose 3.4% year/year to $91.9 mln vs the $102.2 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of 93-98 vs. $105.86 mln consensus.

16:38

PMRY Pomeroy Computer awarded 5-year $40 mln contract by Highmark


16:37

NETL NetLogic Microsystems beats by $0.27, ex-items; increases Q2 rev guidance (13.73 )

Reports Q1 (Mar) earnings of $0.33 per share, $0.27 better than the Reuters Estimates consensus of $0.06; revenues rose 163.6% year/year to $21.8 mln, "partly driven by a one-time event and a customer pull-in," vs the $15.9 mln consensus. Co issues upside guidance for Q2, sees revs of 16.7-17.7 vs. $16.67 mln consensus.

16:36

CCRN Cross Country announces 3.0 mln share offering under existing shelf

16:31

SHRP Sharper Image to delay 10-K filing (15.62 -0.26)


16:30

CREE Cree beats by a penny; guides in-line (22.30 -0.67)

Reports Q3 (Mar) earnings of $0.27 per share, $0.01 better than the Reuters Estimates consensus of $0.26; revenues rose 25.2% year/year to $96.7 mln vs the $95.6 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.25-0.28 vs. $0.27 consensus; sees Q4 revs of $98-102 mln vs. $99.30 mln consensus.

16:12

MROI MRO Software reports in-line, ex items; issues mixed guidance

Reports Q2 (Mar) earnings of $0.04 per share, excluding non-recurring items, in line with the Reuters Estimates consensus of $0.04; revenues fell 3.1% year/year to $43.2 mln vs the $42.9 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.14-0.16 vs. $0.17 consensus; sees Q3 revs of $49-51 mln vs. $49.13 mln consensus.

16:10

RMBS Rambus reports $0.01 below consensus

Reports Q1 (Mar) earnings of $0.04 per share, $0.01 worse than the Reuters Estimates consensus of $0.05; revenues rose 2.6% year/year to $39.6 mln vs the $38.3 mln consensus.

16:05

SUNW Sun Microsystems reports $0.02 below consensus, ex-items

Reports Q3 (Mar) loss of $0.02 per share, ex-itmes, $0.02 worse than the Reuters Estimates consensus of ($0.00); revenues fell 1.0% year/year to $2.63 bln vs the $2.72 bln consensus. SUNW reports gross margin 41.3% vs 41.8% Briefing.com consensus.

16:04

NBIX Neurocrine announces submission of new drug app for Indiplon capsules (37.55 -0.75)


16:02

ITRI Itron reaches agreement with Avista Utilities (30.70 -0.31)

Co announces a contract with Avista Utilities to install automated meter reading technology for 107,000 customers in Northern Idaho. Meter readers will not need to enter customers' property to gain access to record energy consumption data.

15:50

Earnings Calendar

After the close, watch for earnings releases from BUCY, CREE, DGII, JBHT, MROI, NETL, RMBS, REMC, and SUNW. Tomorrow morning, look for results from C, GE, and MAT, among others.

15:49

Afternoon Wrap: Breakdown day-- Technical --

Trade has been volatile over the last three weeks but confined within well defined ranges. Today the indices staged a breakdown below the range floors to establish fresh multi-month lows. A limited intraday bounce was noted in early afternoon trade but steady selling over the last 90 minutes has resulted in new lows. Losses are broad based with substantial losses in Steel -6.4%, Airline -4%, Healthcare -3.8%, Chemical -3.2%, Housing -3%, Transportation -3% Disk Drive -2.6%, Cyclical -2.6% and Paper -2.2%. Little is on the plus side except for Drug +0.6%.
______

04/14/2005 05:30:16 PM
StreetInsider Alert for SAP

Apr 14, 2005 (streetinsider.com via COMTEX) --SAP AG (NYSE: SAP) comments on media coverage today has incorrectly speculated that it would be open to merger conversations with competitor Oracle (Nasdaq: ORCL).

SAP said it is not in merger talks with Oracle, and there is absolutely no substance to this situation other than media speculation.


04/14/2005 05:20:59 PM
StreetInsider Alert for KEX

Apr 14, 2005 (streetinsider.com via COMTEX) --Kirby Corporation (NYSE: KEX) expects its 2005 first quarter net earnings to exceed $.50 per share, above earnings guidance of $.42 to $.48 per share, and the consensus of $0.44.


04/14/2005 05:05:35 PM
StreetInsider Alert for DJ:INDU

Apr 14, 2005 (streetinsider.com via COMTEX) --The Dow finished 125.18 points lower to close at 10,278, the Nasdaq fell 27.66 points to close at 1,946 and the S&P 500 lost 11.74 points to close at 1,162.

The markets closed out the trading session in the red today despite signs of an improved labor market as investors were concerned over economic growth and corporate profits as the earnings season kicks off.

Volume was heavy with 2.35 billion shares trading on the NYSE and 1.89 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 25:7 on the NYSE and by a margin of 23:7 on the Nasdaq.

In individual stories, Systemax Inc. (NYSE: SYX) closed 23.57% higher after reporting strong Q4 results. On the downside, Monarch Casino & Resort Inc (Nasdaq: MCRI) closed 23.03% lower after the Reno City Council decided not to approve a change in the city's master plan that could have paved the way for Monarch to build a $100M casino resort.

Tomorrow traders will be watching for data on Export Prices, Import Prices, NY Empire State Index, Industrial Production, Capacity Utilization, and Consumer Sentiment. Export Prices, Import Prices, and the NY Empire State Index are due to hit the wires at 8:30 A.M. Industrial Production and Capacity Utilization are scheduled for release at 9:15 A.M, and Consumer Sentiment is expected at 9:45 A.M.


04/14/2005 04:40:23 PM
StreetInsider Alert for EXTR

Apr 14, 2005 (streetinsider.com via COMTEX) --Extreme Networks, Inc. (Nasdaq: EXTR) reports Q3 earnings of $0.01 per share, 4 cents worse than estimates. Revenues came in at $91.9 million versus the consensus of $102.52 million.


04/14/2005 04:35:19 PM
StreetInsider Alert for NETL

Apr 14, 2005 (streetinsider.com via COMTEX) --Netlogic Microsystems Inc (Nasdaq: NETL) reported Q1 EPS of $0.33, 27 cents better than estimates. Reveneus came in at $21.9 million versus the consensus of $15.97 million. Company cites one-time event and a customer pull-in.


04/14/2005 04:10:17 PM
StreetInsider Alert for MERX

Apr 14, 2005 (streetinsider.com via COMTEX) --Merix Corporation (NASDAQ: MERX) announced that it has signed a definitive agreement to acquire the operations of Eastern Pacific Circuits Limited (EPC), a Hong Kong based supplier of printed circuit boards. The purchase price is $120.0 million cash at closing plus earn-out consideration of up to $8.0 million based on calendar 2005 adjusted EBITDA. Merix intends to finance the transaction with a combination of available cash and debt. The transaction is expected to close in June 2005.


04/14/2005 04:10:16 PM
StreetInsider Alert for CREE

Apr 14, 2005 (streetinsider.com via COMTEX) --Cree Inc (Nasdaq: CREE) reported Q3 EPS of $0.27, 1 cent better than estimates. Reveneus came in at $96.7 million versus the consensus of $95.56 million. Sees Q4 EPS of $0.25-$0.28 versus the consensus of $0.27.


04/14/2005 04:05:20 PM
StreetInsider Alert for SUNW

Apr 14, 2005 (streetinsider.com via COMTEX) --Sun Microsystems Inc (Nasdaq: SUNW) reported a Q3 loss of $0.02, 2 cents worse than estimates. Reveneus came in at $2.63 billion versus the consensus of $2.74 billion.


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


FLIR TEVA CRDN EV AVN BRL DJ:INDU ( SYX MCRI JDAS SGTL OCA DRL LAVA ATI VSGN KMG MNT ) (+ Briefing.com 03:00:33 PM ) (To Earlier Below)


04/14/2005 03:45:13 PM
StreetInsider Alert for FLIR

Apr 14, 2005 (streetinsider.com via COMTEX) --FLIR Systems, Inc. (NASDAQ: FLIR) announced that the Board of Directors has approved the repurchase of up to 3.0 million shares of its common stock and up to $100 million of its outstanding convertible notes. Such repurchases may be carried out through open market purchases, block trades and in privately negotiated transactions, as appropriate and applicable.
______

04/14/2005 03:10:46 PM
StreetInsider Alert for TEVA

Apr 14, 2005 (streetinsider.com via COMTEX) --Teva Pharmaceutical (Nasdaq: TEVA) said results from an independent retrospective evaluation of a novel treatment protocol with COPAXONE demonstrated long-term suppression of clinical and MRI activity in patients with very aggressive relapsing-remitting multiple sclerosis. COPAXONE was given in an open-label manner as sequential combination therapy with mitoxantrone, then continued as monotherapy for up to five years. This combination stabilized or improved disability, significantly suppressed relapses, and exhibited no MRI evidence of new brain lesions.
______

04/14/2005 03:00:33 PM
Briefing.com: Hourly In Play (R) - 15:00 ET
[Briefing.com Stock Information]


Apr 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)

Updated: 14-Apr-05 15:00 ET

14:46

NIHD NII Holdings sees downside pressure setting it up for a test of its March swing low around 53.00/53.25 (53.34 -1.99) -- Technical --


14:12

EV Eaton Vance Corp authorizes 8 mln share buyback (22.60 +0.16)


13:52

CREE Previewing Cree (22.56 -0.41)

After Thursday's close Cree, Inc. will report its fiscal Q3 (Mar) results. Last quarter the company disappointed with its guidance for fiscal Q3 and its stock dropped 26.2% the day after its 2Q05 report. For added perspective on the market's expectations this time around and a glimpse of CREE's trading history leading up to, and following, its results for the past 8 quarters, be sure to visit Briefing.com's Looking Ahead page.

13:42

COMPX Nasdaq Composite holds on initial test of support at 1948 (1953.64 -20.73) -- Technical --

-Update- Index staged a breakdown today but held at support mentioned in 10:15 update at 1960/1957. However, it failed to push back above the breakdown point at 1968/1969 with it recently probing secondary support highlighted at 1948. First step to improving the intraday bias is a push back above the 1957/1960 area. Failure leaves the door open to further weakness with the next minor supports at 1942 and 1936/1934

13:37

MSTR MicroStrategy slides back to support at March low/200 day sma at 53.45/53.21-- session low 53.40 (53.50 -0.72) -- Technical --

-Update-

13:33

AVN AVANIR Pharma announces Neurodex clinical trial data (2.62 +0.10)

Co announces that data from its Phase III clinical trial examining Neurodex in the treatment of pseudobulbar affect in patients with multiple sclerosis were presented today at the 2005 Annual Meeting of the American Academy of Neurology. In his presentation, Dr. Panitch stated that 84% of patients treated with Neurodex reported that their condition improved, compared to 49% of those given a placebo. Of the side effects reported in 5% or more of the patients, a statistically significant difference between Neurodex and placebo was observed only for dizziness.

13:32

Basic Material Spdrs - XLB - 200 Day Alert-- Technical --

As the XLB extends its downtrend today, it slips under its 200-day simple moving average (28.25) and challenges its support area marked by the October high and January low at 28.15/28.18. Click for chart.

13:24

BRL Barr Pharmaceuticals granted final approval for generic version of Allegra-D 12 hr extended-release tablets (51.95 +1.42)


13:23

S&P 500 vacillating just above Jan/March lows at 1163 -- session low 1164.51 (1165.03 -8.76) -- Technical --


13:19

BRCM Broadcom slides lower intraday probing its March low of 29.10 (29.06 -0.62) -- Technical --


13:18

DD DuPont moves to another new session low, nears 200 day ema and Jan gap support (47.46 -1.23) -- Technical --

The stock is down for the fifth session in a row and has dropped roughly 8% during this period. The recent new session low has brought its 200 day ema and Jan gap support into play at 47.42/47.34 (session low 47.44). The bottom of the gap is at 47.23.

13:18

PSYS Psychiatric Solutions - - 50 Day Alert (42.15 -2.38) -- Technical --

The stock is setting up for a test of its 50-day simple moving average near 41.78 as it extends its intraday weakness today.

13:09

PHM Pulte Homes pushes to fresh session low, bumping into support March range floor 71.18/71.09 (71.26 -3.24) -- Technical --


12:57

Point Gainers List: Drug/Biotech

Stocks posting the largest gains on a point basis include: KMG +5.28, SSP +3.38, CSL +2.78, MNT +2.37, MRX +2.30, WBSN +2.00, CNCT +1.97, SHW +1.81, PEP +1.47, BRL +1.35, AGN +1.20, GTK +1.12, STH +1.12, BPT +1.09, HITK +1.08.

12:51

Point Losers List

Issues pacing the way on a point basis today include: SHLD -6.24, MCRI -5.16, SGTL -5.03, CME -4.67. CRS -4.55, CMC -4.10, PD -4.10, IMDC -3.98, RGS -3.65, ETN -3.53, INFY -3.41, CNC -3.28, AET -3.26, ININ -3.17, CLF -3.14, WLP -3.08, ARLP -3.04, IR -3.04, GNI -3.04, AAPL -2.95, KBH -2.95, AGP -2.90, UNP -2.84, FDG -2.71, FDX -2.71, CTSH -2.67, WLT -2.67, CAT -2.63, ATI -2.57, PHM -2.57, DRL -2.48, ELOS -2.33, RIMM -2.30, YELL -2.30, DOW -2.22, CNI -2.22, JBHT -2.11, WYNN -2.05, PII -2.08, SCHN -2.08, JDAS -2.06, CTX -2.00.

12:48

CME Chicago Mercantile notches a fresh session low (181.04 -4.71) -- Technical --

As the stock notches a fresh session low, it brings into play its April low of 180.79 and its 200-day simple moving average near 178.27.

12:45

MON Monsanto - - 50 Day Alert (59.40 -1.88) -- Technical --

The stock slips lower intraday to challenge its 50-day simple (59.40) and exponential (59.26) moving averages.

______

04/14/2005 03:00:10 PM
StreetInsider Alert for CRDN

Apr 14, 2005 (streetinsider.com via COMTEX) --Ceradyne, Inc. (Nasdaq: CRDN) warns for Q1; expects to report first quarter 2005 sales of approximately $69 million, resulting in fully diluted earnings of approximately 22 to 24 cents per share. Consensus is $79.55M and $0.35.

04/14/2005 02:25:16 PM
StreetInsider Alert for EV

Apr 14, 2005 (streetinsider.com via COMTEX) --The Board of Directors of Eaton Vance Corp. (NYSE: EV) authorized the repurchase of up to 8,000,000 shares of the Company's non-voting common stock. The Company repurchased 7,354,149 shares under the previous October 22, 2003 stock repurchase authorization.


04/14/2005 01:40:15 PM
StreetInsider Alert for AVN

Apr 14, 2005 (streetinsider.com via COMTEX) --AVANIR Pharmaceuticals (AMEX: AVN) announced that data from its Phase III clinical trial examining Neurodex in the treatment of pseudobulbar affect in patients with multiple sclerosis were presented today at the 2005 Annual Meeting of the American Academy of Neurology in Miami, Florida. In the double-blind study, 150 MS patients with PBA were randomized to receive either placebo or Neurodex on a 12 hour dosing schedule for 90 days. In his presentation, Dr. Panitch stated that 84% of patients treated with Neurodex reported that their condition improved, compared to 49% of those given a placebo. Of the side effects reported in 5% or more of the patients, a statistically significant difference between Neurodex and placebo was observed only for dizziness.


04/14/2005 01:36:01 PM
StreetInsider Alert for BRL

Apr 14, 2005 (streetinsider.com via COMTEX) --Barr Pharmaceuticals, Inc. (NYSE: BRL) received final approval from the FDA for its generic version of Aventis Pharmaceuticals' Allegra-D 12 Hour Extended-Release Tablets following the termination of the 30-month stay. The Company is the first applicant to file an ANDA containing a paragraph IV patent challenge on the patents relating to the Allegra-D 12 Hour product. On April 11, 2005 the Company announced that the FDA had determined that Barr is entitled to 180 days of sole exclusivity under the provisions of Hatch-Waxman.v


04/14/2005 01:30:16 PM
StreetInsider Alert for DJ:INDU

Apr 14, 2005 (streetinsider.com via COMTEX) --04/14: Streetinsider.com's Unusual 11 Afternoon Movers:

Systemax Inc. (NYSE: SYX) 29.46% HIGHER; reported strong Q4 results.

Monarch Casino & Resort Inc (Nasdaq: MCRI) 21.56% LOWER; the Reno City Council decided not to approve a change in the city's master plan that could have paved the way for Monarch to build a $100M casino resort.

JDA Software Group Inc. (Nasdaq: JDAS) 15.71% LOWER; warned for Q1.

Sigmatel Inc (Nasdaq: SGTL) 15.20% LOWER; uncertain outlook after partner Apple Computer?s (Nasdaq: AAPL) earnings and iPod numbers.

OCA, Inc. (NYSE: OCA) 12.91% HIGHER; reached an agreement to settle lawsuits and pending disputes with between its subsidary and 60 affiliated practitioners.

Doral Financial Corporation (NYSE: DRL) 12.89% LOWER; Merrill Lynch downgraded the stock

Magma Design Automation Inc. (Nasdaq: LAVA) 10.65% HIGHER; is seeing a rebound from yesterday's low as the Company announced it will repurchase up to 2 million shares of common stock.

Allegheny Tech (NYSE: ATI) 10.20% LOWER; Merrill Lynch downgraded the stock.

Vasogen (Nasdaq: VSGN) 9.49% HIGHER; Adams Harkness started coverage on the stock with a Strong Buy rating.

Kerr-McGee Corp. (NYSE: KMG) 6.99% HIGHER; entered into a settlement with Mr. Carl Icahn, certain affiliated funds and JANA Partners LLC and dismissed its claim.

Mentor Corp (NYSE: MNT) 6.84% HIGHER; FDA determined that the Company's silicone gel-filled breast implants are safe.


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


GCI DXCM BBH EPD MSTR (To Earlier Below)


04/14/2005 01:00:26 PM
Briefing.com: Hourly In Play (R) - 13:00 ET
[Briefing.com Stock Information]


Apr 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)

Updated: 14-Apr-05 13:00 ET

12:57

Point Gainers List: Drug/Biotech

Stocks posting the largest gains on a point basis include: KMG +5.28, SSP +3.38, CSL +2.78, MNT +2.37, MRX +2.30, WBSN +2.00, CNCT +1.97, SHW +1.81, PEP +1.47, BRL +1.35, AGN +1.20, GTK +1.12, STH +1.12, BPT +1.09, HITK +1.08.

12:51

Point Losers List

Issues pacing the way on a point basis today include: SHLD -6.24, MCRI -5.16, SGTL -5.03, CME -4.67. CRS -4.55, CMC -4.10, PD -4.10, IMDC -3.98, RGS -3.65, ETN -3.53, INFY -3.41, CNC -3.28, AET -3.26, ININ -3.17, CLF -3.14, WLP -3.08, ARLP -3.04, IR -3.04, GNI -3.04, AAPL -2.95, KBH -2.95, AGP -2.90, UNP -2.84, FDG -2.71, FDX -2.71, CTSH -2.67, WLT -2.67, CAT -2.63, ATI -2.57, PHM -2.57, DRL -2.48, ELOS -2.33, RIMM -2.30, YELL -2.30, DOW -2.22, CNI -2.22, JBHT -2.11, WYNN -2.05, PII -2.08, SCHN -2.08, JDAS -2.06, CTX -2.00.

12:48

CME Chicago Mercantile notches a fresh session low (181.04 -4.71) -- Technical --

As the stock notches a fresh session low, it brings into play its April low of 180.79 and its 200-day simple moving average near 178.27.

12:45

MON Monsanto - - 50 Day Alert (59.40 -1.88) -- Technical --

The stock slips lower intraday to challenge its 50-day simple (59.40) and exponential (59.26) moving averages.

12:29

TSRA Tessera Technologies spikes down intraday, holds on initial test of support at April low at 41.40 -- session low 41.42 (41.70 -1.43) -- Technical --


12:18

ETN Eaton trading down almost 6%, nearing potential support area (59.42 -3.64) -- Technical --

-Update- As the stock loses almost 6% today after reporting earnings this morning, it sets up for a test of potential support near its August reaction lows at 59.20/59.23.

12:14

Market broadly lower amid stronger volume

All the market averages, except for the S&P 500, have pushed to fresh multi-month lows today with the decline coming on stronger volume (NYSE 797 mln, Nasdaq 852 mln). Pacing the way today are: Steel -4.5%, Healthcare -3.4%, Gold -2.3%, Transportation -2.3%, Chemical -2.2%, Airline -2%, Cyclical -1.9%, Housing -1.5%, Paper -1.2%, Disk Drive -1.1%. On the plus side are energy (Oil +0.7%, Natural Gas +0.5%, Oil Service +0.4%) and Drug +0.6%.

12:02

ENB Enbridge and PetroChina sign Gateway Pipeline Cooperation Agreement (51.19 +0.26)

Co announced that it has entered into a memorandum of understanding with PetroChina to cooperate on the development of the Gateway Pipeline and supply of crude oil from Canada to China.

11:42

NAV Navistar resumes trading (36.00 +1.53)

-Update-

11:41

DXCM -- IPO opens for trading at $12.08 (12.05 +0.05)

See 10:17 comment for full write-up.

11:34

WYNN Wynn Resorts breaks down to fresh session low - 62.36- eyeing this wk/three month low at 62.23 (62.38 -2.39) -- Technical --


11:15

Sector Watch: Software Index -GSO- and Software HOLDRs -SWH- hold on initial test of support-- Technical --

The GSO index (153.49, -0.8%) is attempting to recovery after testing its 200 day sma at 152.92 (session low 152.84). The Software HOLDRs (SWH 34.37, -0.7%) has stabilized after probing its seven month low from March at 34.20 (session low 34.22).

11:13

COMPX Nasdaq Composite holds at support, testing breakdown point (1968.03 -6.34) -- Technical --

-Update- The index held at support mentioned in the 10:15 update at 1960/1957 and has rebounded back to today's breakdown point at 1968/1969. A breach and sustained action above here and the 1973/1975 area improves the very short term pattern.

11:04

AGP Amerigroup - - 200 Day Alert (32.35 -3.05) -- Technical --

As the stock comes under heavy pressure today with the rest of its Insurance - Health group, it tests its 200-day simple moving average near 32.40.

10:56

Energy sectors finding interest, new session high for Oil Service-- Technical --


10:48

HGSI Human Genome reports positive results of Phase 2 clinical trial of Albuferon (11.11 -0.15)

Co announced the results of a Phase 2 clinical trial of Albuferon in patients with chronic hepatitis C who are naive to interferon-alpha treatments. The results demonstrate that Albuferon is well tolerated, has a prolonged half-life and shows robust antiviral activity, with durable dose-dependent reductions in hepatitis C viral load.

10:35

RIMM Research In Motion testing 50 day sma support at 73.00 (73.06 -1.49) -- Technical --

-Update-

10:34

TTWO Take-Two extends today's slide, nearing April low at 25.26 (25.32 -0.48) -- Technical --


10:32

THQI THQ Inc slumps after break of 50 day sma (27.42 -0.66) -- Technical --

After two days of vacillating near its 50 day sma THQI has broken down to its 50 day ema at 27.41 (session low 27.41). Next support on a penetration is the late March/early April range floor at 27.27/27.23.

10:31

X U.S. Steel - - 200 Day Alert (44.79 -1.71) -- Technical --

As the stock extends its daily downtrend, it tests its 200-day simple moving average near 44.83.

10:27

Volume Alert: Crude Oil spikes to highs of day after holding near $49.80 support... $50.70 +0.48... see 10:19 comment

Intraday range has been $49.75 to $50.80. Crude has spiked a dollar over the past 10 min.

10:26

Dow hovering just slightly above it April/five month lows at 10360/10356, next minor support in the 10315 area (10366.71 -37.02) -- Technical --


10:25

Dow Jones Transportation Index - - TRAN - - approaching potential support area-- Technical --

As the TRAN extends its downtrend, it approaches a potential support area marked by its 200-day moving averages (simple - 3459, exponential - 3473) and its January lows near 3455. Click for chart.

10:21

AJG Arthur J. Gallagher announces sale of two Medical Claim Management Operations (27.81 -0.03)

Co announced the sale of Gallagher Benefit Administrators and Northshore International Insurance Services, no terms.

10:17

DXCM Dexcom IPO prices at low end; makes glucose monitoring systems for diabetes patients (12.00 )

DexCom prices its IPO at $12, at the low end of the expected range of $12-$14. The co is a medical device company focused on continuous glucose monitoring systems for people with diabetes. It has developed proprietary technology for two systems: a short-term system with a sensor that can be inserted by a patient and used continuously for three days, and a long-term system with a sensor that can be implanted by a physician in a short outpatient procedure requiring only local anesthesia. Both sensors wirelessly transmit the patient's blood glucose levels to receiver, which allows the patient to view real-time and trended blood glucose information. The co filed an application for premarket approval for its short-term system in March 2005. The co is conducting an 80-patient clinical trial for its long-term system, with the goal of filing a PMA next year. Dexcom is a development stage co, and has not generated any revenue to date.... Development stage medical device cos are always difficult to predict. We are a bit surprised there was not more interest here given the small size of the deal at 4.7 mln shares (Piper Jaffray, SC Cowen co-leads) and that there have been few IPOs lately to whet traders' appetites.

10:17

UNP Union Pacific setting up for a test of its 50-day simple moving average near 64.87 (64.90 -2.60) -- Technical --

-Update- Mentioned earlier as it was dropping towards its 50-day exponential ma near 66.00, the stock is now testing its 50-day simple ma at 64.87 and its mid-March reaction low near 64.68.

10:15

COMPX Nasdaq Composite slips to lowest level since last Oct (1962.80 -11.57) -- Technical --

-Update- Initial support is in the 1960/1957 area followed by 1948. Intraday resistance is at today's breakdown point at 1968/1969.

10:12

WFMI Whole Foods breaks 50 day and low for the week, next support at the April low of 99.28 (99.67 -0.45)


10:12

QLGC QLogic - - Relative Weakness (37.59 -1.16) -- Technical --

The stock displays relative weakness as it resumes yesterday's downward momentum to a fresh 2-month low.

10:11

QCOM Qualcomm notches a fresh session low near yesterday's breakdown low of 32.89 (32.93 +0.3) -- Technical --

-Update-

10:10

ANTP 50 Day-Alert -- Phazar slips back toward support at its 50 day ema at 23.61-- session low 23.72 (23.74 -1.11)

Next support is at its 50 sma at 22.27

10:09

HTLD Heartland Express reports EPS in line, revenues slightly below consensus (17.95 -0.28)

Reports Q1 (Mar) earnings of $0.20 per share, in line with the Reuters Estimates consensus of $0.20; revenues rose 76.5% year/year to $188.7 mln vs the $120 mln consensus.

10:06

Sector Watch

Overall trade is mixed to slightly lower but the sector action is weak with Healthcare pacing the way -2.7% along with Gold -2.5%, Steel -2.1%, Transportation -1.4%, Chemical -09%, Cyclical -0.9%, Banking -0.6%. Topping the gainers list is Oil +1%, Natural Gas +0.7% and yesterday winner Drug +0.5%.

10:00

WLP WellPoint - - 50 Day Alert (123.49 -2.91) -- Technical --

The stock is currently testing its 50-day simple moving aveage near 123.11. Note the 50-day exponential is near 122.48.

09:54

UNP Union Pacific - 50 Day Alert (66.00 -1.50) -- Technical --

- - As the rails come under pressure today, this stock falls to a fresh 3-week low to test its 50-day exponential moving average near 64.89.

09:52

HET Harrah's poised to pullback on a daily chart (71.32 -0.37) -- Technical --

- - Outlook: Would consinder entering a short in the name as it slips under yesterday's low of 71.50, the first lower low in about 8 sessions. A stop loss above this morning's high near 71.69 would be prudent. Note volume is relative low this morning.

09:50

COMPX Nasdaq Composite lifts slightly off session low -1969- after probing the March low at 1968 (1972.59 -1.78) -- Technical --


09:49

NVEC NVE Corp attempting to stabilize after nearing its 52-wk low from March at 16.76-- session low 16.84 (17.20 -0.20) -- Technical --


09:46

KMG Kerr-McGee gaps over 10% higher near its March highs (80.70 +6.73) -- Technical --

-Update- After gapping over 10% higher near its March highs around 83.00, it has recently pulled back under its April high at 81.00.

09:44

SHW Sherwin-Williams - - Relative Strength (45.94 +2.43) -- Technical --

-Update- The stock launches over 5% higher this morning, bringing its Feb and March highs near 46.50 into play.

09:43

SCHN Schnitzer Steel extends slide to 5 days in a row, nearing supports at it Dec -30.34- and Jan -30.06- lows (30.42 -0.62) -- Technical --


09:41

KLAC KLA-Tencor shows relative weakness as it slips under yesterday's low of 42.38 (42.29 -0.30) -- Technical --


09:38

MER 200 Day-Alert -- Merrill Lynch vacillating near its 200 day sma for the third day in a row at 55.11 (55.03 -0.27) -- Technical --

The low for the week/five month comes into play at 54.86.

09:34

INFY 200 Day-Alert -- Infosys gaps down, attempting to stabilize near support at its 200 day sma at 62.31 (62.54 -3.57) -- Technical --
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04/14/2005 12:35:11 PM
StreetInsider Alert for GCI

Apr 14, 2005 (streetinsider.com via COMTEX) --Gannett Co., Inc. (NYSE: GCI) authorizes additional $1 billion buyback.


04/14/2005 12:05:16 PM
StreetInsider Alert for DXCM

Apr 14, 2005 (streetinsider.com via COMTEX) --The IPO for DexCom, Inc. (NASDAQ: DXCM) is open for trading. The stock is trading at $11.02 after pricing at $12. The 4,700,000 is being led by Piper Jaffray with SG Cowen & Co., LLC as the co-lead manager. William Blair & Company, L.L.C. and First Albany Capital Inc. are co-managers.

DXCM is a medical device maker that focuses on sugar-monitoring systems for diabetics.


04/14/2005 11:35:21 AM
StreetInsider Alert for BBH

Apr 14, 2005 (streetinsider.com via COMTEX) --Adams Harkness is re-launching coverage of the biotechnology sector today, initiating coverage on 11 companies in their Emerging Therapeutics universe. STRONG BUY ratings: AtheroGenics (Nasdaq: AGIX) $23 target, Cell Genesys (Nasdaq: CEGE) $13 target, Hollis-Eden Pharmaceuticals (Nasdaq: HEPH) $24 target, Introgen Therapeutics (Nasdaq: INGN) $18 price target, Vasogen (Nasdaq: VSGN) $12 target; BUY ratings: ARIAD (Nasdaq: ARIA), Progenics (Nasdaq: PGNX), Vertex (Nasdaq: VRTX); MARKET PERFORM ratings: CancerVax (Nasdaq: CNVX), Kosan (Nasdaq: KOSN), Regeneron (Nasdaq: REGN).


04/14/2005 09:35:06 AM
StreetInsider Alert for EPD

Apr 14, 2005 (streetinsider.com via COMTEX) --Oppenheimer initiated coverage on Enterprise Products Partners LP (NYSE: EPD) with a Buy rating; $28.00 price target. The firm based their Buy rating on the GulfTerra acquisition as a catalyst for further organic growth and believes current valuation represents a good entry point.


04/14/2005 09:30:27 AM
StreetInsider Alert for MSTR

Apr 14, 2005 (streetinsider.com via COMTEX) --Wedbush Morgan upgrades MicroStrategy (Nasdaq: MSTR) from 'sell' to 'hold'.


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


ACO NSI TW MAG CALP ORBT BSX PEGA BRCM PLUS IONA VLI KMG MCY STK NYT NAV LU MRK PBI GLOW CSCO SHW ENMD CRIS EGHT BXG VFC AEOS BIVN IDIX FCF NABI GW LSTR DAL CBJ SYMM NRMX SPPI ALTR RIMM CHIR RMBS IVD GTK DXCM PII KMG DAB MUR CAH SSP DJ FCS BBGI PEP ETN ARO RIMM CFC OSTK QCOM QCOM CLX RIMM MWD CHIR TARO AMD BSX LAVA FDC UNH EMMS LUV BBY WGAT LRCX MLM


04/14/2005 09:20:24 AM
StreetInsider Alert for ACO

Apr 14, 2005 (streetinsider.com via COMTEX) --Wedbush Morgan initiated coverage on AMCOL International Corporation (NYSE: ACO) with a Hold rating.


04/14/2005 09:20:05 AM
StreetInsider Alert for NSI


Apr 14, 2005 (streetinsider.com via COMTEX) --Avondale Partners initiated coverage on Nutri/System Incorporated (AMEX: NSI) with a Market Outperform rating; $9.00 price target. The firm noted that NSI is a turnaround and share expansion story in the diet industry.

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04/14/2005 09:15:21 AM
StreetInsider Alert for TW

Apr 14, 2005 (streetinsider.com via COMTEX) --Legg Mason initiated coverage on 21st Century Insurance Group (NYSE: TW) with a Hold rating. As competition heats up further within personal lines of insurance, investors seeking growth are likely to focus on regional companies that can produce above-average growth by entering new markets. In addition, the cost savings associated with TW's direct distribution platform should allow its pricing to remain both profitable and attractive to policyholders, even as competition intensifies.

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04/14/2005 09:10:20 AM
StreetInsider Alert for MAG

Apr 14, 2005 (streetinsider.com via COMTEX) --Magnetek, Inc. (NYSE: MAG) warns for Q3; expects to report fiscal 2005 third-quarter revenue of $56 to $58 million and a net loss of $.06 to $.08 per share from continuing operations, primarily due to customer program push-outs, moving costs and shipping delays associated with two factory relocations, and legal costs related to patent arbitration. (consensus is $62.00M and a gain of $0.03 per share).


04/14/2005 09:10:19 AM
StreetInsider Alert for CALP

Apr 14, 2005 (streetinsider.com via COMTEX) --Caliper Life Sciences, Inc. (Nasdaq: CALP) announced that, as anticipated, it has entered into a new two-year multi-million dollar minimum purchase agreement with Amphora Discovery Corp. Under the new agreement, Amphora has agreed to purchase a minimum total dollar amount per year in LabChip products, with the majority of the yearly purchase commitment to be met through datapoint purchases. Amphora is a privately held pharmaceutical research company skilled in the science and art of pathway-based drug discovery. It uses more than 20 of Caliper's microfluidics-based screening systems to perform "high precision" screening against pharmaceutical drug target classes including kinases, proteases, phosphatases, ion channels and GPCRs.


04/14/2005 09:10:18 AM
StreetInsider Alert for ORBT

Apr 14, 2005 (streetinsider.com via COMTEX) --Orbit International Corp. (NASDAQ: ORBT) received a new contract award for approximately $400,000 from General Dynamics Canada, Ltd. for the initial production requirement for Commander's Display Units and Central Control Panels that will be integrated into the Mobile Gun System vehicle.


04/14/2005 09:10:06 AM
StreetInsider Alert for BSX

Apr 14, 2005 (streetinsider.com via COMTEX) --Boston Scientific Corporation (NYSE: BSX) announced that it has received U.S. Food and Drug dministration (FDA) approval for its Liberte bare-metal coronary stent system. The Company plans to launch the product immediately in the United States.

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04/14/2005 09:05:14 AM
StreetInsider Alert for PEGA

Apr 14, 2005 (streetinsider.com via COMTEX) --Pegasystems Inc. (NASDAQ: PEGA) announced that it will be delivering its PegaRULES Process Commander BPM platform to Rabobank Nederland, the largest financial service provider in the Dutch market and the largest Internet bank in Europe. The agreement was signed in the fourth quarter of 2004.

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04/14/2005 09:00:27 AM
StreetInsider Alert for BRCM

Apr 14, 2005 (streetinsider.com via COMTEX) --Broadcom Corporation (Nasdaq: BRCM) entered into sales agreements with D&H Distributing and Partners in Europe to sell Broadcom RAIDCore RAID controller cards.


04/14/2005 09:00:26 AM
StreetInsider Alert for PLUS

Apr 14, 2005 (streetinsider.com via COMTEX) --ePlus inc. (Nasdaq: PLUS) announced that Noritsu America Corporation has deployed the ePlus Web Portal, a comprehensive website management system designed by ePlus Consulting, a division of ePlus Systems, Inc. Noritsu's new ePlus Web Portal serves as its external web site and its extranet for sales and administration communications. The user-friendly portal allows non-technical personnel to access and publish Web-based content quickly and easily without the need for additional IT support.

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04/14/2005 08:55:08 AM
StreetInsider Alert for IONA

Apr 14, 2005 (streetinsider.com via COMTEX) --IONA Technologies (NASDAQ: IONA) announced that Mr. Peter M. Zotto, President & Chief Operating Officer, has been appointed Chief Executive Officer (CEO) and elected to IONA's Board of Directors with immediate effect. Mr. Zotto succeeds Dr. Chris Horn, IONA's co-founder, who assumes the role of non-executive Vice-Chairman of the Board.

The company also reported first quarter revenues of $16.3 million. On a U.S. generally accepted accounting principles (GAAP) basis, IONA reported net income of $0.00 per share.
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04/14/2005 08:50:16 AM
StreetInsider Alert for VLI

Apr 14, 2005 (streetinsider.com via COMTEX) --Oppenheimer initiated coverage on Valero LP (NYSE: VLI) with a Buy rating; $67.00 price target. The firm believes the company can continue to grow through acquisitions and believes the current price represents a good entry point.


04/14/2005 08:50:15 AM
StreetInsider Alert for VLI

Apr 14, 2005 (streetinsider.com via COMTEX) --Kerr-McGee Corp. (NYSE: KMG) entered into a settlement with Mr. Carl Icahn, certain affiliated funds and JANA Partners LLC. As a result, the company will dismiss its complaint with prejudice filed March 10, 2005, in the United States District Court for the Western District of Oklahoma.


04/14/2005 08:50:15 AM
StreetInsider Alert for MCY

Apr 14, 2005 (streetinsider.com via COMTEX) --Legg Mason initiated coverage on Mercury General Corporation (NYSE: MCY) with a Buy rating; $62.00 price target.


04/14/2005 08:50:14 AM
StreetInsider Alert for STK

Apr 14, 2005 (streetinsider.com via COMTEX) --Needham downgraded Storage Technology Corporation (NYSE: STK) from Buy to Hold. The firm based their downgrade on lower preliminary Q1 results.


04/14/2005 08:45:15 AM
StreetInsider Alert for NYT

Apr 14, 2005 (streetinsider.com via COMTEX) --New York Times (NYSE: NYT) reports Q1 earnings of $0.30 per share, in-line with estimates. Revenues came in at $805.6 million versus the consensus of $812.5 million.


04/14/2005 08:45:14 AM
StreetInsider Alert for NAV

Apr 14, 2005 (streetinsider.com via COMTEX) --Navistar (NYSE: NAV) reports Q1 earnings of $0.27 per share, 4 cents better than estimates. Sees FY05 EPS of $4.60-$5.00 versus the consensus of $4.85.


04/14/2005 08:45:13 AM
StreetInsider Alert for LU

Apr 14, 2005 (streetinsider.com via COMTEX) --Lucent Technologies (NYSE: LU) announced that it has been selected by T-COM, the fixed line division of Deutsche Telekom AG, to maintain and support Juniper Networks broadband access and IP routing platforms in T-Com's IP network.


04/14/2005 08:40:14 AM
StreetInsider Alert for MRK

Apr 14, 2005 (streetinsider.com via COMTEX) --Merck & Co., Inc. (NYSE: MRK) announced that the U.S. Food and Drug Administration (FDA) has approved another new indication for HYZAAR, Merck's fixed-dose combination antihypertensive drug (losartan potassium-hydrochlorothiazide tablets). HYZAAR is now indicated to reduce the risk of stroke in patients with hypertension and left ventricular hypertrophy (LVH), but there is evidence that this benefit does not apply to black patients.


04/14/2005 08:40:14 AM
StreetInsider Alert for PBI

Apr 14, 2005 (streetinsider.com via COMTEX) --Group 1 Software, Inc., a Pitney Bowes Company (NYSE: PBI) and Agilysys, Inc. (Nasdaq: AGYS)announced that Agilysys will incorporate Group 1's Universal Coder address hygiene software into its Lodging Management System (LMS), one of the hospitality industry's leading property management systems.


04/14/2005 08:40:13 AM
StreetInsider Alert for GLOW

Apr 14, 2005 (streetinsider.com via COMTEX) --Sony Electronics Inc., and Glowpoint, Inc. (NASDAQ: GLOW) introduced the first complete standards-based IP video communications solution designed to meet the specific needs of television broadcasters. The bundled offering combines Sony's state-of-the-art line of audio/visual communication systems with GlowPoint's patent-pending advanced IP-based video applications and network services. The solution will be demonstrated at the National Association of Broadcasters Show (NAB) taking place April 18-21 at the Las Vegas Convention Center in booth #SU6406.


04/14/2005 08:40:12 AM
StreetInsider Alert for CSCO

Apr 14, 2005 (streetinsider.com via COMTEX) --Cisco Systems (NASDAQ: CSCO) announced a definitive agreement to acquire privately-held Topspin Communications, Inc. of Mountain View, Calif. Topspin is the leading provider of server fabric switches, a new class of server networking equipment, providing a high performance, programmable infrastructure for grid and utility computing, clustered enterprise applications, and server virtualization. Server fabric switches are designed to connect servers together into a grid, and then provide network and storage connectivity to that server grid.


04/14/2005 08:40:12 AM
StreetInsider Alert for SHW

Apr 14, 2005 (streetinsider.com via COMTEX) --Sherwin-Williams Company (NYSE: SHW) sees Q1 EPS of $0.58 per share versus the consensus of $0.48.

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04/14/2005 08:35:09 AM
StreetInsider Alert for ENMD

Apr 14, 2005 (streetinsider.com via COMTEX) --EntreMed, Inc. (Nasdaq: ENMD) announced that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for the Company's lead compound, 2- methoxyestradiol (2ME2 or Panzem), for the treatment of ovarian cancer.


04/14/2005 08:35:09 AM
StreetInsider Alert for CRIS

Apr 14, 2005 (streetinsider.com via COMTEX) --Curis, Inc. (NASDAQ: CRIS) amended its first agreement with Genentech, Inc. (NYSE: DNA) to extend Genentech's funding of the cancer therapeutic development collaboration that is ongoing between the two companies. An additional $2 million will be provided to support Curis personnel and other third party resources dedicated to developing Curis' Hedgehog inhibition technologies for the treatment of solid tumor cancers.

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04/14/2005 08:30:25 AM
StreetInsider Alert for EGHT

Apr 14, 2005 (streetinsider.com via COMTEX) --8x8, Inc. (Nasdaq: EGHT) announced it has reduced the price of the Packet8 Broadband Consumer VideoPhone from $250 (after rebate) to $99 and decreased the monthly service fee from $29.95 to $19.95, effective immediately.

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04/14/2005 08:25:17 AM
StreetInsider Alert for BXG

Apr 14, 2005 (streetinsider.com via COMTEX) --Oppenheimer upgraded Bluegreen Corporation (NYSE: BXG) from Neutral to Buy. The firm believes the market has more than discounted the bad news and is overlooking strong fundamentals and a greatly improved outlook.


04/14/2005 08:25:16 AM
StreetInsider Alert for VFC

Apr 14, 2005 (streetinsider.com via COMTEX) --Prudential Securities initiated coverage on VF Corporation (NYSE: VFC) with an Overweight rating; $66.00 price target. In the firm's opinion, VFC is one of the best-run in the textile apparel group, has deep pockets and has demonstrated an ability to successfully acquire large and small brands alike by improving growth and margins for many of its tgts.


04/14/2005 08:25:16 AM
StreetInsider Alert for AEOS

Apr 14, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on American Eagle Outfitters Inc (Nasdaq: AEOS) with an In-Line rating. The firm believes the company is now well-positioned to continue gaining market share from other specialty retailers such as Gap, Inc., and Express, as well as dept stores, especially in denim. They see the stock reaching $33 over the medium term.


04/14/2005 08:20:18 AM
StreetInsider Alert for BIVN

Apr 14, 2005 (streetinsider.com via COMTEX) --CIBC World Markets initiated coverage on Bioenvision Inc (Nasdaq: BIVN) with an Outperform rating; $12.00 price target. The firm believes BIVN is significantly undervalued at current levels and does not reflect clofarabines sales potential (they estimate peak WW sales of ~$425 mln). In addition, they feel near-term upside is possible, based on E.U. approval of clofarabine.

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04/14/2005 08:20:17 AM
StreetInsider Alert for IDIX

Apr 14, 2005 (streetinsider.com via COMTEX) --Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX) announced preliminary phase IIa clinical trial data for valopicitabine (NM283) in treatment naive genotype 1 hepatitis C patients. In this phase IIa clinical trial, 9 patients receiving the combination of valopicitabine and pegylated interferon have reached 24 weeks of treatment, and achieved a mean reduction in serum HCV RNA of 4.5 log10, or more than 99.99 percent.


04/14/2005 08:20:16 AM
StreetInsider Alert for FCF

Apr 14, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods initiated coverage on First Commonwealth Financial Corporation (NYSE: FCF) at Market Perform; $14.50 price target. The firm stated that the shares are fairly valued.


04/14/2005 08:20:16 AM
StreetInsider Alert for NABI

Apr 14, 2005 (streetinsider.com via COMTEX) --Nabi Biopharmaceuticals (Nasdaq: NABI) agreed to sell 2.875% Convertible Senior Notes due 2025 in a private offering that will result in gross proceeds of $100 million. Nabi Biopharmaceuticals had previously announced that it would seek $125 million in a private offering but has elected to limit the transaction based on current market conditions for convertible debt.


04/14/2005 08:20:16 AM
StreetInsider Alert for GW

Apr 14, 2005 (streetinsider.com via COMTEX) --JP Morgan initiated coverage on Grey Wolf, Inc. (AMEX: GW) with a Neutral rating.


04/14/2005 08:15:20 AM
StreetInsider Alert for LSTR

Apr 14, 2005 (streetinsider.com via COMTEX) --Landstar System (Nasdaq: LSTR) reports Q1 earnings of $0.37 per share, 10 cents better than estimates. Revenues came in at $502.2 million versus the consensus of $497 million. Says it is comfortable with Q2 range of analyst estimates of $0.31-0.36 and sees results at the middle to upper end of that range (consensus is $0.34)


04/14/2005 08:15:19 AM
StreetInsider Alert for DAL

Apr 14, 2005 (streetinsider.com via COMTEX) --UBS Securities downgraded Delta Air Lines Inc (NYSE: DAL) from Buy to Neutral. The firm based their downgrade on credit card/cash flow issues, which add considerably to the complexity of the challenge DAL faces in avoiding from Ch 11.


04/14/2005 08:15:19 AM
StreetInsider Alert for CBJ

Apr 14, 2005 (streetinsider.com via COMTEX) --CIBC World Markets upgraded Cambior Inc. (AMEX: CBJ) from Sector Underperform to Sector Perform; $2.75 price target. The firm based their upgrade on the stock's valuation.


04/14/2005 08:15:07 AM
StreetInsider Alert for SYMM

Apr 14, 2005 (streetinsider.com via COMTEX) --Syntroleum Corporation (Nasdaq: SYNM) received approval from the Federal Government of Nigeria for the assignment of interest to it and other participants in Oil Mining Lease 113, offshore Nigeria. Additionally, the participants previously received approval of their required drilling permit for the first appraisal well. Syntroleum last year acquired the rights to the 413,000-acre block, including the Aje Field, a discovered oil and gas accumulation from Yinka Folawiyo Petroleum Co. Ltd., the Nigerian operator of record. The company views Aje as a potentially significant commercial opportunity for its Gas-to-Liquids technology.


04/14/2005 08:15:06 AM
StreetInsider Alert for NRMX

Apr 14, 2005 (streetinsider.com via COMTEX) --UBS Securities initiated coverage on Neurochem Inc. (Nasdaq: NRMX) with a Neutral rating; $14.00 price target.


04/14/2005 08:10:16 AM
StreetInsider Alert for SPPI

Apr 14, 2005 (streetinsider.com via COMTEX) --Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) announced that they have entered into an exclusive agreement with Cura Pharmaceuticals Co., Inc. for the marketing and distribution of carboplatin injection. Carboplatin is one of the most broadly used anti-cancer agents. The exclusivity for Paraplatin, the branded form of carboplatin marketed by Bristol Myers Squibb, expired in 2004 and generic versions of the product have been approved.


04/14/2005 08:10:16 AM
StreetInsider Alert for ALTR

Apr 14, 2005 (streetinsider.com via COMTEX) --Altera Corporation (Nasdaq: ALTR) announced that Inlet Technologies is leveraging the performance of Altera's Stratix series of FPGAs for its Fathom product. Fathom is the industry's first professional real-time encoding solution for VC-1, an advanced compression format for high-definition video content. Inlet's Fathom solution combines Stratix-based hardware acceleration with workflow and analysis software to make next-generation distribution methods such as Blu-Ray, high definition (HD)-DVD, video-on-demand, and digital dailies a reality today. The solution delivers performance, precision, and productivity to the post-production market. Inlet will demonstrate the latest version of Fathom in booth SL5829 at this week's NAB2005, the annual National Association of Broadcasters Conference.


04/14/2005 08:10:15 AM
StreetInsider Alert for RIMM

Apr 14, 2005 (streetinsider.com via COMTEX) --Cellcom Israel Ltd. and Research In Motion (NASDAQ: RIMM) announced plans to offer BlackBerry, a leading wireless communications platform, to mobile customers in Israel.


04/14/2005 08:10:14 AM
StreetInsider Alert for CHIR

Apr 14, 2005 (streetinsider.com via COMTEX) --Chiron Corporation (Nasdaq: CHIR) announced that the South African National Blood Service (SANBS) plans to initiate testing of whole blood donations using the fully automated PROCLEIX TIGRIS System with the PROCLEIX ULTRIO Assay beginning in September 2005. The donations, which are expected to total approximately 800,000 units annually, will be screened individually for HIV-1, hepatitis C and hepatitis B. Financial terms of the agreement were not disclosed. In addition, the Western Province Blood Transfusion Service (WPBTS) in South Africa plans to initiate nucleic acid testing (NAT) in September with the PROCLEIX ULTRIO Assay, screening another 200,000 units annually. Chiron's NAT products are distributed in South Africa by Ilex Medical Ltd.


04/14/2005 08:10:14 AM
StreetInsider Alert for RMBS

Apr 14, 2005 (streetinsider.com via COMTEX) --Rambus Inc. (Nasdaq: RMBS) signed a patent license agreement with NEC Electronics Corporation that allows the development and manufacture of memory controllers based on various Rambus innovations. The agreement is for a five-year term, with the possibility of renewal or extension. The license's scope covers memory controllers compatible with SDR, DDR and DDR2 SDRAM as well as future memory controller innovations. Rambus will receive royalties on sales of licensed products.


04/14/2005 08:10:12 AM
StreetInsider Alert for IVD

Apr 14, 2005 (streetinsider.com via COMTEX) --IVAX Diagnostics, Inc. (AMEX: IVD) has signed agreements with DiaMed Diagnostika Med. Produkte GmbH in Bensheim, Germany and DiaMed Diagnostika Med. Produkte GmbH in Gallneukirchen, Austria for distribution of IVAX Diagnostics' products in Germany, Austria, Hungary, Slovakia, and the Czech Republic. These agreements provide the respective DiaMed companies with distribution rights to IVAX Diagnostics' reagents and instrumentation, including the Mago® Plus and, when it becomes available, the PARSEC(TM) System.

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04/14/2005 08:01:29 AM
StreetInsider Alert for GTK

Apr 14, 2005 (streetinsider.com via COMTEX) --Gtech Holdings (NYSE: GTK) reports Q4 earnings of $0.34 per share, 1 cent better than estimates. Revenues came in at $337.9 million versus the consensus of $336.4 million. Sees FY06 EPS of $1.53-$1.58 versus the consensus of $1.54. Sees Q1 EPS of $0.33-$0.36 versus the consensus of $0.37.


04/14/2005 08:01:27 AM
StreetInsider Alert for DXCM

Apr 14, 2005 (streetinsider.com via COMTEX) --DexCom, Inc. (NASDAQ: DXCM) announced the initial public offering of 4,700,000 shares of common stock at a price of $12.00 per share. Piper Jaffray & Co. is the sole book-running manager for the offering. SG Cowen & Co., LLC is the co-lead manager. William Blair & Company, L.L.C. and First Albany Capital Inc. are co-managers.


04/14/2005 08:01:26 AM
StreetInsider Alert for PII

Apr 14, 2005 (streetinsider.com via COMTEX) --Polaris Industries (NYSE: PII) reports Q1 earnings of $0.42 per share, in-line with estimates. Q1 revenues were $358.3 million, higher than analysts estimates of $356.52 million. PII Reaffirms full-year earnings outlook.


04/14/2005 08:01:26 AM
StreetInsider Alert for KMG

Apr 14, 2005 (streetinsider.com via COMTEX) --Kerr-McGee Corp. (NYSE: KMG) authorized a modified "Dutch Auction" tender offer for up to $4 billion of its common stock, at a price not less than $85 per share or more than $92 per share. The tender offer is expected to commence on or about April 18, 2005. The company expects the share repurchase to be accretive to earnings and cash flow per share.


04/14/2005 08:01:25 AM
StreetInsider Alert for DAB

Apr 14, 2005 (streetinsider.com via COMTEX) --Dave & Buster's (NYSE: DAB) reports Q4 earnings of $0.46 per share, 5 cents worse than estimates. Q4 revenues were $121.4 million, higher than analysts estimates of $118.43 million.


04/14/2005 08:01:24 AM
StreetInsider Alert for MUR

Apr 14, 2005 (streetinsider.com via COMTEX) --JP Morgan downgrades Murphy Oil (NYSE: MUR) from 'overweight' to 'neutral'.


04/14/2005 08:01:20 AM
StreetInsider Alert for CAH

Apr 14, 2005 (streetinsider.com via COMTEX) --Cardinal Health, Inc. (NYSE: CAH) nnounced that Jeffrey W. Henderson will join the company as executive vice president and chief financial officer, succeeding interim CFO J. Michael Losh.


04/14/2005 08:01:19 AM
StreetInsider Alert for SSP

Apr 14, 2005 (streetinsider.com via COMTEX) --E.W. Scripps (NYSE: SSP) reports Q1 earnings of $0.42 per share, 4 cents better than estimates. Q1 revenues were $585 million, higher than analysts estimates of $565.56 million. SSP reaffirms Q2 earnings outlook.


04/14/2005 08:01:19 AM
StreetInsider Alert for DJ

Apr 14, 2005 (streetinsider.com via COMTEX) --Dow Jones & Company (NYSE: DJ) reports Q1 earnings of $0.11 per share, 1 cent better than estiamtes. Revenues came in at $412.1 million versus the consensus of $424.15 million.


04/14/2005 08:01:19 AM
StreetInsider Alert for FCS

Apr 14, 2005 (streetinsider.com via COMTEX) --Fairchild Semiconductor (NYSE: FCS) reports Q1 earnings of $0.10 per share, 2 cents better than estimates. Q1 revenues were $364.8 million, in-line with estimates. FCS guides lower for Q2 revenue outlook.


04/14/2005 08:01:19 AM
StreetInsider Alert for BBGI

Apr 14, 2005 (streetinsider.com via COMTEX) --Beasley Broadcast Group, Inc. (Nasdaq: BBGI) expects to exceed its revenue guidance for the first quarter of 2005 and report consolidated net revenue growth of 8-10%.


04/14/2005 08:01:18 AM
StreetInsider Alert for PEP

Apr 14, 2005 (streetinsider.com via COMTEX) --PepsiCo (NYSE: PEP) reports Q1 earnings of $0.53 per share, 3 cents better than estimates. Q1 revenues were $6.58 billion, higher than analysts estimates of $6.47 billion. PEP reaffirms full-year earnings outlook.


04/14/2005 08:01:15 AM
StreetInsider Alert for ETN

Apr 14, 2005 (streetinsider.com via COMTEX) --Eaton (NYSE: ETN) reports Q1 earnings of $1.23 per share, before charges, 1 cent better than estimates. Q1 revenues were $2.65 billion, lower than analysts estimates of $2.7 billion. ETN guides lower for Q2 and full-year earnings outlook.


04/14/2005 08:01:14 AM
StreetInsider Alert for ARO

Apr 14, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiates coverage on Aeropostale (NYSE: ARO) with an 'outperform' rating and $41 price target. The analyst cites valuation and growth opportunities through 2010.


04/14/2005 08:01:13 AM
StreetInsider Alert for RIMM

Apr 14, 2005 (streetinsider.com via COMTEX) --The Defence Signals Directorate of the Australian Government has approved the deployment of the BlackBerry platform, developed by Research In Motion (Nasdaq: RIMM), for its secure wireless communications and information access capabilities.

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04/14/2005 08:00:56 AM
StreetInsider Alert for CFC

Apr 14, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades Countrywide Financial (NYSE: CFC) from Neutral to Buy on positive earnings outlook-Price target $43.


04/14/2005 08:00:56 AM
StreetInsider Alert for OSTK

Apr 14, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverage on Overstock.Com, Inc. (Nasdaq: OSTK) with a 'sector underperformer' rating.


04/14/2005 08:00:54 AM
StreetInsider Alert for QCOM

Apr 14, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades QUALCOMM (Nasdaq: QCOM) from Neutral to Outperform on positive earnings outlook-Price target $45.


04/14/2005 08:00:54 AM
StreetInsider Alert for QCOM

Apr 14, 2005 (streetinsider.com via COMTEX) --CSFB upgrades Qualcomm (Nasdaq: QCOM) from 'neutral' to 'outperform' and raises their price target to $45. The analyst expects WCDMA adoption to accelerate in 2006 and beyond.


04/14/2005 08:00:53 AM
StreetInsider Alert for CLX

Apr 14, 2005 (streetinsider.com via COMTEX) --Lehman Bros. upgrades Clorox (NYSE: CLX) from Underweight to Equalweight on positive growth outlook-Price target $63.


04/14/2005 08:00:52 AM
StreetInsider Alert for RIMM

Apr 14, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt initiates coverage on Research In Motion (Nasdaq: RIMM) with a 'neutral' and $75 price target. Says shares are fully valued at current levels.


04/14/2005 08:00:52 AM
StreetInsider Alert for MWD

Apr 14, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades Morgan Stanley (NYSE: MWD) from Buy to Neutral on news of top borkers resignation.


04/14/2005 08:00:51 AM
StreetInsider Alert for CHIR

Apr 14, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Chiron (Nasdaq: CHIR) from Neutral to Reduce on increased costs of Fluvirin-Price target $32.


04/14/2005 08:00:45 AM
StreetInsider Alert for TARO

Apr 14, 2005 (streetinsider.com via COMTEX) --Taro Pharmaceutical Industries Ltd. (NASDAQ: TARO) received approval from the FDA for its Abbreviated New Drug Application for Ciclopirox Olamine Cream USP, 0.77%. Taro's ciclopirox cream is a prescription pharmaceutical product used for the treatment of fungal infections of the skin. The Taro product is bioequivalent to Medicis Pharmaceutical Corp.'s (NYSE: MRX) Loprox Topical Cream.


04/14/2005 08:00:43 AM
StreetInsider Alert for AMD

Apr 14, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Advanced Micro Devices (NYSE: AMD) from Market Perform to Outperform on positive outlook-Price target $22.


04/14/2005 08:00:42 AM
StreetInsider Alert for BSX

Apr 14, 2005 (streetinsider.com via COMTEX) --Boston Scientific Corporation (NYSE: BSX) and Rubicon Medical Corporation (OTCBB: RMDC) announced that Rubicon has received CE Mark for its Rubicon Filter. The Rubicon Filter is an embolic protection system that traps and removes debris that may be dislodged during interventional procedures.


04/14/2005 08:00:42 AM
StreetInsider Alert for LAVA

Apr 14, 2005 (streetinsider.com via COMTEX) --After the close, Magma Design Automation Inc. (Nasdaq: LAVA) said its board of directors has authorized the company to repurchase up to 2 million shares of common stock.


04/14/2005 08:00:41 AM
StreetInsider Alert for FDC

Apr 14, 2005 (streetinsider.com via COMTEX) --First Data Corp. (NYSE: FDC) reports Q1 earnings of $0.47 per share, 3 cents worse than estimates. Q1 revenues were $2.48 billion vs. analysts estimates of $2.56 billion. The CEO said "Concord has been part of First Data for five quarters now, and we are very pleased with the strategic fit and the financial performance of this acquisition. In the first quarter, integration expenses impacted EPS by $0.03, right in-line with our expectations."


04/14/2005 08:00:41 AM
StreetInsider Alert for UNH

Apr 14, 2005 (streetinsider.com via COMTEX) --UnitedHealth Group (NYSE: UNH) reports Q1 earnings of $1.16 per share, 3 cents better than estimates. Q1 revenues were $10.89 billion, lower than analysts estimates of $11.02 billion. UNH sees full-year 2005 earnings between $4.85-4.90 vs. analysts estimates of $4.82.


04/14/2005 08:00:40 AM
StreetInsider Alert for EMMS

Apr 14, 2005 (streetinsider.com via COMTEX) --Emmis Broadcasting (Nasdaq: EMMS) reports a Q4 loss of $0.07 per share, 5 cents worse than estimates. Q4 revenue of $137.9 million, lower than analysts estimates of $138.5 million.

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04/14/2005 08:00:19 AM
StreetInsider Alert for LUV

Apr 14, 2005 (streetinsider.com via COMTEX) --Southwest Airlines (NYSE: LUV) reports Q1 earnings of $0.09 per share, 4 cents better than estimates. Q1 revenues were $1.66 billion, higher than analysts estimates of $1.65 billion.


04/14/2005 08:00:19 AM
StreetInsider Alert for BBY

Apr 14, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Best Buy (NYSE: BBY) from Overweight to Underweight on lower product margins and stronger competition.

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04/13/2005 05:50:14 PM
StreetInsider Alert for WGAT

Apr 13, 2005 (streetinsider.com via COMTEX) --Motorola Inc. (NYSE: MOT) and WorldGate Communications Inc. (NASDAQ: WGAT) announced they conducted the first true-to-life videophone call over satellite broadband network connections.

Motorola and WorldGate originated Ojo videophone calls from WorldGate's Philadelphia-area headquarters to a facility in Virginia Beach, VA, ultimately beaming the calls to a commercially available VSAT satellite orbiting 22,500 miles above Earth and back--a round trip of 45,000 miles. The companies said Ojo performed flawlessly, connecting the parties, and enabling a natural, true-to-life personal exchange with stunning picture quality, perfectly synchronized audio and video, and virtually no significant delay.


04/13/2005 05:45:19 PM
StreetInsider Alert for LRCX

Apr 13, 2005 (streetinsider.com via COMTEX) --Lam Research Corp (Nasdaq: LRCX) provides higher Q4 guidance; sees revenues of $340-$360 million, versus the consensus of $334.76 million, and EPS of $0.41-$0.45, versus the consensus of $0.39.


04/13/2005 05:10:29 PM
StreetInsider Alert for MLM

Apr 13, 2005 (streetinsider.com via COMTEX) --Martin Marietta Materials, Inc. (NYSE: MLM) expects first quarter earnings in a range of $0.10 to $0.15 per diluted share, versus the consensus of a $0.04 per share loss.

The earnings increase is primarily attributable to volume growth, strong pricing and continued cost control from plant efficiency improvements. The expected first quarter earnings range includes the benefit of a decrease in tax reserves related to certain international tax issues currently under examination.

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