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Tuesday, June 14, 2005 11:52:48 PM
Final - StreetInsider Alerts 06/14/2005 @ 04:55:18 PM
By StreetInsider.com / Briefing.com, Investing-News.Com
Jun 14, 2005, 18:09
FATS SPPI DJ:INDU ORCC ESIO MIX ATAR VIA SNPS EVCI PZZA TTEK (To Earlier Below)
06/14/2005 04:55:18 PM
StreetInsider Alert for FATS
Jun 14, 2005 (streetinsider.com via COMTEX) --FATS, Inc. (OTCBB: FATS) said the U.S. Army National Guard has awarded them a one-year contract worth approximately $4 million to upgrade existing virtual training systems.
06/14/2005 04:50:26 PM
StreetInsider Alert for SPPI
Jun 14, 2005 (streetinsider.com via COMTEX) --Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) received approval from the Office of Generic Drugs of the US Food and Drug Administration for the Abbreviated New Drug Application for carboplatin injection in 50 mg, 150 mg and 450 mg multi-dose vials. Carboplatin is a platinum-based, anti-cancer drug used in the treatment of patients with a wide variety of tumor types. The branded product, Paraplatin, is marketed by Bristol-Myers Squibb.
06/14/2005 04:40:20 PM
StreetInsider Alert for DJ:INDU
Jun 14, 2005 (streetinsider.com via COMTEX) --The Dow finished 25.01 points higher to close at 10,548, the Nasdaq rose .08 points to close at 2,069, and the S&P 500 gained 3.09 points to close at 1,204. The markets closed out the trading session slightly on the upside today, as positive news of a drop in the Producer's Price Index was weighed down by weak May retail sales.
Volume was light with 1.70 billion shares trading on the NYSE and 1.41 billion on the Nasdaq. Advancers outpaced Decliners today by a margin of 21:12 on the NYSE and by a margin of 18:13 on the Nasdaq.
In individual stories, infoUSA Inc. (Nasdaq: IUSA) closed 24.89% higher after founder Vinod Gupta offered to take the Company private for $11.75 per share in cash. On the downside, Internet Initiative Japan Inc. (Nasdaq: IIJI) closed 21.01% lower after pricing shares to be offered in Japan at the low end of the range.
Tomorrow, traders will be watching for data from the NY Empire State Index, CPI, Core CPI, Business Inventories, Industrial Production, Capacity Utilization, and the Fed's Beige Book. The NY Empire State Index, CPI, Core CPI, and Business Inventories are due to hit the wires at 8:30 A.M. Industrial Production and Capacity Utilization are scheduled for 9:15 A.M., and the Fed's Beige Book is expected at 2:00 P.M.
06/14/2005 04:30:19 PM
StreetInsider Alert for ORCC
Jun 14, 2005 (streetinsider.com via COMTEX) --Online Resources Corp. (Nasdaq: ORCC) entered into a definitive agreement to acquire privately held Integrated Data Systems, a premier technology provider to over 50 credit unions. The acquisition provides Online Resources with added distribution, specialized Internet banking applications and enhanced professional service capabilities. The purchase price is $5 million in cash and stock, plus assumption of $300,000 of debt.
06/14/2005 04:30:18 PM
StreetInsider Alert for ESIO
Jun 14, 2005 (streetinsider.com via COMTEX) --Electro Scientific Industries Inc. (Nasdaq: ESIO) announced that Winbond Electronics Corp. has purchased multiple ESI Model 9830 semiconductor link processing systems for its new 300mm fab in Taichung, Taiwan. A longtime customer of ESI, the multiple-system order represents the company's first Model 9830 systems, which will be used to ramp production of high-performance memory chips. The shipments will begin in ESI's first fiscal quarter.
06/14/2005 04:05:18 PM
StreetInsider Alert for MIX
Jun 14, 2005 (streetinsider.com via COMTEX) --Intermix Media, Inc. (AMEX: MIX) reached an agreement in principle with the Internet Bureau of the Office of the New York State Attorney General which is expected to resolve the pending lawsuit related to the Company's historical distribution of certain downloadable software applications. Under the terms of the settlement in principle, the Company would pay a total of $7.5 million over three years to the State of New York, and would permanently discontinue distribution of its adware, redirect and toolbar programs, all of which Intermix has previously and voluntarily ceased distributing. Intermix emphasized that it has not admitted any wrongdoing or liability and expects the final agreement to reflect this fact.
06/14/2005 04:05:17 PM
StreetInsider Alert for ATAR
Jun 14, 2005 (streetinsider.com via COMTEX) --Atari Inc (Nasdaq: ATAR) reported a Q4 loss of $0.03, 1 cent better than estimates. Revenues came in at $62.7 million versus the consensus of $76.44 million.
06/14/2005 03:55:18 PM
StreetInsider Alert for VIA
Jun 14, 2005 (streetinsider.com via COMTEX) --Viacom Inc. (NYSE: VIA) announced today that the Company's Board of Directors has unanimously approved the creation of two separate publicly traded companies from the Company's leading entertainment brands through a spin-off to Viacom stockholders.
06/14/2005 02:45:07 PM
StreetInsider Alert for SNPS
Jun 14, 2005 (streetinsider.com via COMTEX) --Synopsys, Inc. (Nasdaq: SNPS) announced the integration of the Synopsys Galaxy Design Platform into the latest Semiconductor Technology Academic Research Center (STARC) STARCAD-21 Synopsys-based production flow Version 2.0, offering a complete RTL-to-GDSII solution for low power design.
06/14/2005 02:25:22 PM
StreetInsider Alert for EVCI
Jun 14, 2005 (streetinsider.com via COMTEX) --EVCI Career Colleges Holding Corp. (Nasdaq: EVCI) announced its summer semester enrollments were approximately 2,660 full-time students, an increase of approximately 35% over the 1975 full-time student enrollments for the same semester 2004.
06/14/2005 02:10:13 PM
StreetInsider Alert for PZZA
Jun 14, 2005 (streetinsider.com via COMTEX) --Papa John's International, Inc. (NASDAQ: PZZA) announced the signing of a new 7-year agreement that will extend its 21-year relationship with Coca-Cola (NYSE: KO) through 2011.
06/14/2005 01:45:17 PM
StreetInsider Alert for TTEK
Jun 14, 2005 (streetinsider.com via COMTEX) --Tetra Tech (NASDAQ: TTEK) has been selected to perform environmental management services under a new contract with the John A. Volpe National Transportation Systems Center (Volpe Center). The work will involve both environmental restoration projects and environmental assessment projects. Environmental restoration activities will include sampling, the development of plans, engineering design, community involvement activities and construction oversight primarily for contaminated structures. Environmental assessments or environmental impact statements will be completed for the Air Tour Management Program for the Federal Aviation Administration (FAA) and the National Park Service at National Park sites nationwide. The environmental assessment work will involve compliance with the National Environmental Policy Act (NEPA), and will include program management, environmental analysis, and other NEPA compliance activities.
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VIA SNPS EVCI PZZA TTEK (To Earlier Below)
06/14/2005 03:55:18 PM
StreetInsider Alert for VIA
Jun 14, 2005 (streetinsider.com via COMTEX) --Viacom Inc. (NYSE: VIA) announced today that the Company's Board of Directors has unanimously approved the creation of two separate publicly traded companies from the Company's leading entertainment brands through a spin-off to Viacom stockholders.
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06/14/2005 03:00:35 PM
Briefing.com: Hourly In Play (R) - 15:00 ET
Jun 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 14-Jun-05 15:00 ET
14:58
Point Losers List
Stocks posting the largest losses on a point basis include: QSII -4.51, GOOG -3.52, IVGN -2.98, EW -2.04, BLUD -2.07, NVDA -1.95, CME -1.90, WOLF -1.71, BA -1.67, FFIV -1.61, OSG -1.44, WDC -1.38, FDX -1.38, SNDA -1.33, APOL -1.33, LSTR -1.25, MO -1.17.
14:53
Point Gainers List: Retail
Issues pacing the way on a point basis include: BBY +8.05, WFMI +4.30, POT +4.03, AHC +3.30, SHLD +3.10, DIOD +3.08, SKE +3.07, SMTS +2.98, URBN +2.67, FD +2.66, GEF +2.66, ROYL +2.55, LEH +2.42, AZO +2.41, WYNN +2.31, CPKI +2.31, KCI +2.01, TOL +2.00, TZOO +1.99, BOW +1.92, DO +1.92, SWN +1.88, JWN +1.84, LVS +1.79, RTH +1.79.
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06/14/2005 02:45:07 PM
StreetInsider Alert for SNPS
Jun 14, 2005 (streetinsider.com via COMTEX) --Synopsys, Inc. (Nasdaq: SNPS) announced the integration of the Synopsys Galaxy Design Platform into the latest Semiconductor Technology Academic Research Center (STARC) STARCAD-21 Synopsys-based production flow Version 2.0, offering a complete RTL-to-GDSII solution for low power design.
06/14/2005 02:25:22 PM
StreetInsider Alert for EVCI
Jun 14, 2005 (streetinsider.com via COMTEX) --EVCI Career Colleges Holding Corp. (Nasdaq: EVCI) announced its summer semester enrollments were approximately 2,660 full-time students, an increase of approximately 35% over the 1975 full-time student enrollments for the same semester 2004.
06/14/2005 02:10:13 PM
StreetInsider Alert for PZZA
Jun 14, 2005 (streetinsider.com via COMTEX) --Papa John's International, Inc. (NASDAQ: PZZA) announced the signing of a new 7-year agreement that will extend its 21-year relationship with Coca-Cola (NYSE: KO) through 2011.
06/14/2005 01:45:17 PM
StreetInsider Alert for TTEK
Jun 14, 2005 (streetinsider.com via COMTEX) --Tetra Tech (NASDAQ: TTEK) has been selected to perform environmental management services under a new contract with the John A. Volpe National Transportation Systems Center (Volpe Center). The work will involve both environmental restoration projects and environmental assessment projects. Environmental restoration activities will include sampling, the development of plans, engineering design, community involvement activities and construction oversight primarily for contaminated structures. Environmental assessments or environmental impact statements will be completed for the Air Tour Management Program for the Federal Aviation Administration (FAA) and the National Park Service at National Park sites nationwide. The environmental assessment work will involve compliance with the National Environmental Policy Act (NEPA), and will include program management, environmental analysis, and other NEPA compliance activities.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ALKS (Briefing.com) ISIS BBY BIIB PORK (To Earlier Below)
06/14/2005 01:25:18 PM
StreetInsider Alert for DJ:INDU
Jun 14, 2005 (streetinsider.com via COMTEX) --6/14: Streetinsider.com's Unusual 11 Afternoon Movers:
infoUSA Inc. (Nasdaq: IUSA) 24.36% HIGHER; founder Vinod Gupta offered to take the Company private for $11.75 per share in cash.
Proxim Corporation (Nasdaq: PROX) 18.18% HIGHER; is rebounding today after yesterday's low.
Wyndham International, Inc. (AMEX: WBR) 15.46% HIGHER; has entered into a definitive Merger Agreement to be acquired by an affiliate of The Blackstone Group in a transaction valued at $3.24 billion or $1.15 per share.
DayStar Technologies Inc (Nasdaq: DSTI) 13.37% HIGHER; continued momentum.
Somanetics Corp (Nasdaq: SMTS) 13.10% HIGHER; reported impressive Q2 results and guided FY higher.
Best BUY Co Inc (NYSE: BBY) 12.25% HIGHER; reported very impressive Q1 results and guided FY06 higher.
Mylan Laboratories Inc. (NYSE: MYL) 8.53% HIGHER; announced a $1.25 billion share buyback, and increased its annual dividend by 100%.
Evergreen Solar (Nasdaq: ESLR) 8.41% HIGHER; Pacific Growth started the stock at Overweight, citing position in the solar industry and efficient manufacturing techniques.
Internet Initiative Japan Inc. (Nasdaq: IIJI) 7.19% LOWER; priced shares to be offered in Japan at the low end of range.
Bowater (NYSE: BOW) 4.62% HIGHER; Deutsche Bank upgraded the stock to Buy.
Oscient Pharm (Nasdaq: OSCI) 4.13% HIGHER; Roth Capital started the stock at Strong Buy.
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06/14/2005 01:05:06 PM
StreetInsider Alert for ALKS
Jun 14, 2005 (streetinsider.com via COMTEX) --Eli Lilly and Company (NYSE: LLY) and Alkermes, Inc. (Nasdaq: ALKS) reported detailed results from a Phase 2 clinical study of inhaled insulin in people with type 1 diabetes, showing that patients using the Lilly/Alkermes inhaled insulin system achieved blood sugar levels similar to patients treated with injected insulin. In addition, 80 percent of patients in this study expressed a preference for the Lilly/Alkermes inhaled insulin system at mealtime over injected insulin.
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06/14/2005 01:01:05 PM
Briefing.com: Hourly In Play (R) - 13:00 ET
Jun 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 14-Jun-05 13:00 ET
12:57
DISH EchoStar - - Relative Strength (30.29 +0.48) -- Technical --
The stock displays relative strength as it trades above its 3-month range top at 30.15/30.22. Note the 200-day moving averages lie above. Exponential - 30.44, Simple - 30.85.
12:55
Sector Watch: Semi Index -SOX- hovering near session low
Modest pressure today with the Semi Index (at 426.94, -0.8%) recently establishing a new session low (426.59) leaving it modestly above the June low at 425.86. The worst performing components today include: LSCC -6.4%, MXIM -2.1%, TER -1.5%, AMD -1.4%, TXN -1.2%, ALTR -1.1%, XLNX -1%.
12:45
Mixed trade amid weak volume
Choppy trade with the market holding on to a mixed bias. Weighing on the Nasdaq indices (100 -0.4%, Comp -0.2%) are the Semi -0.8%, Software -0.3%, Disk Drive -0.7% and Internet -0.6% groups. Other sectors on the defensive include: Gold -1.5%, Coal -1%, Tobacco -0.8%, Defense -0.3%. On the plus side are: Retail +1.4%, Healthcare +1.1%, Casino +1%, Paper +0.7%. Volume is slow with it is running below yesterday's slower pace as well as below average (NYSE 567 mln, Nasdaq 691 mln).
12:42
Unusual Volume Movers on No News: CFW, SIFY, ANCC, SCLN, LONG, POCC
The following stocks are already showing volume above average total daily volume in the just the first three hours of trading: CFW (5.49 +0.40, +7.9%, 12.0x avg daily vol), SIFY (5.35 +0.25, +4.9%, 6.9x), ANCC (1.73 +0.21, +13.8%, 3.8x), SCLN (4.35 +0.39, +9.9%, 2.0x), LONG (12.79 +0.74, +6.1%, 2.1x), POCC (0.65 +0.11, +20.4%, 2.6x).
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06/14/2005 12:35:10 PM
StreetInsider Alert for ISIS
Jun 14, 2005 (streetinsider.com via COMTEX) --Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced that ISIS 113715 reduced HbA1C and plasma glucose after six weeks of dosing. The second-generation antisense drug did not cause any hypoglycemia (low blood sugar) and was well-tolerated. The data reported were from an interim analysis of a randomized, double-blind, placebo-controlled Phase 2 study in diabetic patients.
06/14/2005 11:45:23 AM
StreetInsider Alert for BBY
Jun 14, 2005 (streetinsider.com via COMTEX) --AG Edwards upgrades Best Buy (NYSE: BBY) from 'hold' to 'buy' following strong Q1 results.
06/14/2005 11:40:12 AM
StreetInsider Alert for BIIB
Jun 14, 2005 (streetinsider.com via COMTEX) --Biogen Idec (NASDAQ: BIIB) announced that a Phase II clinical study demonstrated that galiximab may be used in combination with RITUXAN, and the combination may prolong event-free survival in patients with relapsed or refractory, follicular non-Hodgkin's lymphoma when compared to previous results with RITUXAN monotherapy. Side effects of the combination are similar to treatment with RITUXAN alone.
06/14/2005 11:25:08 AM
StreetInsider Alert for PORK
Jun 14, 2005 (streetinsider.com via COMTEX) --The IPO for Premium Standard Farms Inc (Nasdaq: PORK) is open for trading. The stock is trading at $12.25 after pricing at $12.50, below the initially indicated range of $15-$17 a share. The 9.8 million share deal is being led by Morgan Stanley.
Premium Standard Farms, Inc. is one of the largest vertically integrated providers of pork products in the United States, producing consistent, high quality pork products for the retail, wholesale, foodservice, further processor, and export markets.
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DJ:INDU ( IUSA BOW OSCI IIJI MYL ESLR BBY DSTI IUSA ) WCC (To Earlier Below)
6/14/2005 10:35:08 AM
StreetInsider Alert for DJ:INDU
Jun 14, 2005 (streetinsider.com via COMTEX) --6/14: Streetinsider.com's Unusual 8 Morning Movers:
infoUSA Inc. (Nasdaq: IUSA) 22.87% HIGHER; founder Vinod Gupta offered to take the Company private for $11.75 per share in cash.
DayStar Technologies Inc (Nasdaq: DSTI) 14.35% HIGHER; continued momentum related to last week?s news of a significant contract for its exclusive TerraFoil solar cells.
Best BUY Co Inc (NYSE: BBY) 10.83% HIGHER; reported very impressive Q1 results and guided FY06 higher.
Evergreen Solar (Nasdaq: ESLR) 8.41% HIGHER; Pacific Growth started the stock at Overweight, citing position in the solar industry and efficient manufacturing techniques.
Mylan Laboratories Inc. (NYSE: MYL) 7.06% HIGHER; announced a $1.25 billion share buyback, and increased its annual dividend by 100%.
Internet Initiative Japan Inc. (Nasdaq: IIJI) 5.90% LOWER; priced shares to be offered in Japan at the low end of range.
Oscient Pharm (Nasdaq: OSCI) 3.59% HIGHER; Roth Capital started the stock at Strong Buy.
Bowater (NYSE: BOW) 3.01% HIGHER; Deutsche Bank upgraded the stock to Buy.
06/14/2005 09:35:17 AM
StreetInsider Alert for WCC
Jun 14, 2005 (streetinsider.com via COMTEX) --Morgan Keegan upgrades WESCO International (NYSE: WCC) from 'market perform' to 'outperform'.
~~~ Daytrade The Sharcky Way! ~~~ [ Opens in a NEW WINDOW ]
BORL UCI DADE IPAS PCG CBSS ASML FCS ASTE LNC KEA DPH DIOD ROH MYL SMTS VICL NBTB URS WMAR FTO CORS SWB CRAI UNFI ARBA GOOG TELK DAVE CCCG XEL RADN KCI SIRI SDIX LEH BBY CHIR WBR THE RIG CME PDE AGY WDC LAZ STT FBST ESLR CPTV FPL CNET FLIR ADBL QDEL INSP AHC NUVA GYI OSCI CNCT MTB EW HYC PIR CRZO EXEL TCF IMMC GVA IUSA
06/14/2005 09:20:17 AM
StreetInsider Alert for BORL
Jun 14, 2005 (streetinsider.com via COMTEX) --Pacific Crest Capital initiated coverage on Borland Software Corporation (Nasdaq: BORL) with a Sector Perform rating. The firm based their recommendation on a lack of visibility.
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06/14/2005 09:15:09 AM
StreetInsider Alert for UCI
Jun 14, 2005 (streetinsider.com via COMTEX) --Sandler O'Neill resumed coverage on UICI (NYSE: UCI) with a Buy rating; $31.00 price target. The firm is resuming their coverage on the stock. They noted the stock is currently oversold, mainly due to UCI's LTM ROE (ex AOCI) of 24.5%.
06/14/2005 09:15:09 AM
StreetInsider Alert for DADE
Jun 14, 2005 (streetinsider.com via COMTEX) --Leerink Swann initiated coverage on Dade Behring Holdings, Inc. (Nasdaq: DADE) with a Market Perform rating. The firm views the shares as fairly valued.
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06/14/2005 09:10:12 AM
StreetInsider Alert for IPAS
Jun 14, 2005 (streetinsider.com via COMTEX) --iPass Inc. (Nasdaq: IPAS) announced that its Chief Financial Officer, Don McCauley, is leaving the company to pursue an opportunity with a private software company. McCauley will remain at iPass until July 8.
The iPass board of directors named Frank Verdecanna as acting CFO while the company conducts a search for a replacement. Verdecanna joined iPass as corporate controller in October 2000 and was elected principal accounting officer in January 2003.
06/14/2005 09:10:11 AM
StreetInsider Alert for PCG
Jun 14, 2005 (streetinsider.com via COMTEX) --Bernstein downgrades PG&E (NYSE: PCG) from 'outperform' to 'market perform' with a $38 price target, citing valuation.
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06/14/2005 09:05:15 AM
StreetInsider Alert for CBSS
Jun 14, 2005 (streetinsider.com via COMTEX) --Oppenheimer initiated coverage on Compass Bancshares Inc (Nasdaq: CBSS) with a Neutral rating; $48.00 price target. The firm believes investors are better off on the sidelines given current valuation.
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06/14/2005 09:00:19 AM
StreetInsider Alert for ASML
Jun 14, 2005 (streetinsider.com via COMTEX) --UBS upgraded ASML Holding N.V. NY Reg Shs (Nasdaq: ASML) from Neutral to Buy. The firm based their upgrade on increased demand for immersion tools.
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06/14/2005 08:55:21 AM
StreetInsider Alert for FCS
Jun 14, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt Gerard upgraded Fairchild Semiconductor International Inc (NYSE: FCS) from Underperform to Neutral. The firm increased their 05/06 EPS estimates to reflect a modestly higher gross margin and raised their target to $17. They noted that fundamentals are near to bottom and after consulting with distributors and checking their own SIA data, they believe FC's pricing has steadied.
06/14/2005 08:55:20 AM
StreetInsider Alert for ASTE
Jun 14, 2005 (streetinsider.com via COMTEX) --Robert W. Baird initiated coverage on Astec Industries, Inc. (Nasdaq: ASTE) with an Outperform rating; $29.00 price target. The firm is initiating ASTE with a $29 target with large amounts of exposure to road construction as the new federal highway bill looks close to being signed.
06/14/2005 08:55:19 AM
StreetInsider Alert for LNC
Jun 14, 2005 (streetinsider.com via COMTEX) --Lehman Brothers upgraded Lincoln National Corporation (NYSE: LNC) from Equal-weight to Overweight; $55.00 price target. The firm expects LNC sales of annuities and funds to beat Q2 estimates following checks with wholesalers.
06/14/2005 08:55:19 AM
StreetInsider Alert for KEA
Jun 14, 2005 (streetinsider.com via COMTEX) --Keane, Inc. (NYSE: KEA) announced that its Board of Directors has authorized the Company to repurchase 3 million shares of its common stock over the next 12 months.
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06/14/2005 08:50:26 AM
StreetInsider Alert for DPH
Jun 14, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Delphi Corporation (NYSE: DPH) from Sell to Hold; $4.80 price target. The firm thinks that much of the risk is priced into shares of DPH. They also added that the met with mgmt and they do not appear to be considering bankruptcy as a near-term option.
06/14/2005 08:50:26 AM
StreetInsider Alert for DIOD
Jun 14, 2005 (streetinsider.com via COMTEX) --Raymond James upgrades Diodes Incorporated (Nasdaq: DIOD) from 'outperform' to 'strong buy'. The analsyt feels the new CEO Dr. Keh-Shew Lu will be a positive, not a negative.
06/14/2005 08:50:24 AM
StreetInsider Alert for ROH
Jun 14, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Rohm and Haas Company (NYSE: ROH) with an Equal-weight rating. The firm believes shares are fairly valued. Lower costs, greater efficiency and improving returns are the stock's earnings drivers and reflects their outlook for the industry.
06/14/2005 08:50:24 AM
StreetInsider Alert for MYL
Jun 14, 2005 (streetinsider.com via COMTEX) --Mylan Laboratories Inc. (NYSE: MYL) announced several key strategic initiatives, including a $1.25 billion share buyback, comprised of a modified "Dutch Auction" self- tender for up to approximately 48.8 million shares (up to $1 billion) and a $250 million follow-on share repurchase program in the open market or otherwise. These share repurchases will represent, upon completion, nearly 25% of the Company's outstanding shares. In addition, the Company announced today that is increasing its annual dividend by 100%, effective as of the first quarter ending June 30, 2005
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06/14/2005 08:45:23 AM
StreetInsider Alert for SMTS
Jun 14, 2005 (streetinsider.com via COMTEX) --Somanetics Corp (NASDAQ: SMTS) reports Q2 earnings of $0.08 per share, 3 cents better than estimates. Revenues came in at $5.1 million versus the consensus of $4.4 million. Sees FY revenue of $19.5-20.2 million versus the consensus of $18.9 million.
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06/14/2005 08:40:15 AM
StreetInsider Alert for VICL
Jun 14, 2005 (streetinsider.com via COMTEX) --Vical Incorporated (Nasdaq: VICL) said the FDA has designated the company's bivalent (two-plasmid) formulation of the company's vaccine against cytomegalovirus as an orphan drug for the prevention of clinically significant CMV viremia, CMV disease and associated complications in at-risk hematopoietic cell transplant and solid organ transplant populations.
06/14/2005 08:40:14 AM
StreetInsider Alert for NBTB
Jun 14, 2005 (streetinsider.com via COMTEX) --NBT Bancorp Inc. (NASDAQ: NBTB) and CNB Bancorp, Inc. (OTCBB: CNBI) announced that they have entered into a definitive agreement providing for the merger of CNB with and into NBT. The merger, which has been unanimously approved by the boards of directors of NBT and CNB, is subject to regulatory approvals as well as approval by CNB's shareholders and is expected to close in the fourth quarter of 2005.
The total transaction is valued at approximately $89 million. Under the terms of the agreement, CNB shareholders will be given the opportunity to elect to receive either $38.00 in cash or 1.64 shares of NBT common stock for each share of CNB common stock, subject to election and proration procedures that provide, among other things, that the aggregate consideration will be 55% stock and 45% cash.
06/14/2005 08:40:14 AM
StreetInsider Alert for URS
Jun 14, 2005 (streetinsider.com via COMTEX) --URS Corporation (NYSE: URS) announced that it has been awarded contracts by British Petroleum (BP) to perform investigation and remediation services to European operations and to perform environmental consulting and site remediation at BP sites across the Americas. The contracts have a combined maximum value of $130 million for URS.
06/14/2005 08:40:13 AM
StreetInsider Alert for WMAR
Jun 14, 2005 (streetinsider.com via COMTEX) --West Marine, Inc. (Nasdaq: WMAR) announced that President and Chief Operating Officer Richard Everett is resigning to pursue his other interests. In addition, Mr. Everett is resigning from the Company's board of directors. Mr. Everett will remain with West Marine for an extended period to assure a smooth transition. Chief Executive Officer Peter Harris will assume the additional title of President and Mr. Everett's duties will be assumed by other senior executives.
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06/14/2005 08:35:17 AM
StreetInsider Alert for FTO
Jun 14, 2005 (streetinsider.com via COMTEX) --Frontier Oil Corporation (NYSE: FTO) is pleased to announce that Michael C. Jennings has been appointed to the position of Executive Vice President and Chief Financial Officer. In this Houston-based position, Mr. Jennings will have the responsibility for all the financial activities of the company. He will report to the Chief Executive Officer.
06/14/2005 08:35:16 AM
StreetInsider Alert for CORS
Jun 14, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods initiated coverage on Corus Bankshares, Inc. (Nasdaq: CORS) with a Market Perform rating.
06/14/2005 08:35:04 AM
StreetInsider Alert for SWB
Jun 14, 2005 (streetinsider.com via COMTEX) --Merriman initiated coverage on Smith & Wesson Holding Corporation (AMEX: SWB) with a Buy rating. In the firm's opinion, the entry into the military and law enforcement channels coupled with new product extensions should drive increasing sales and profitability (leveraging fixed manufacturing) and multiple expansion as the ultimate opportunity expands. With an EBITDA multiple in line with the peer group, they believe the shares could exceed the $5.00 level over the next twelve months.
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06/14/2005 08:30:42 AM
StreetInsider Alert for CRAI
Jun 14, 2005 (streetinsider.com via COMTEX) --CRA International, Inc. (Nasdaq: CRAI) plans to offer 1,899,227 shares of its common stock in an underwritten public offering from its existing shelf registration statement. It is expected that the Company will offer 710,000 shares of common stock and that selling stockholders will offer 1,189,227 shares.
06/14/2005 08:30:32 AM
StreetInsider Alert for UNFI
Jun 14, 2005 (streetinsider.com via COMTEX) --Prudential initiated coverage on United Natural Foods, Inc. (Nasdaq: UNFI) with a Neutral rating. The firm noted UNFI is a premier distributor of natural and organic foods, but the stock is expensive.
06/14/2005 08:30:32 AM
StreetInsider Alert for ARBA
Jun 14, 2005 (streetinsider.com via COMTEX) --Ariba, Inc. (Nasdaq: ARBA) signed an agreement to provide low-cost country sourcing services to Teleflex Incorporated (NYSE: TFX), beginning with a regional rollout. Ariba will manage certain key LCCS projects for Teleflex, including category selection and sourcing through supplier implementation.
06/14/2005 08:30:31 AM
StreetInsider Alert for GOOG
Jun 14, 2005 (streetinsider.com via COMTEX) --Susquehanna is lowering Q2 estimates on Google (Nasdaq: GOOG) due to seasonality overseas. The firm is lowering its Q2 estimate to $832/$1.29 from $856/$1.3, but remains bullish longer-term.
06/14/2005 08:30:21 AM
StreetInsider Alert for TELK
Jun 14, 2005 (streetinsider.com via COMTEX) --Susquehanna initiated coverage on Telik Incorporated (Nasdaq: TELK) with a Neutral rating. The firm believes the stock could be range bound noting the Telcyta clinical results are not expected over the near-term.
06/14/2005 08:30:20 AM
StreetInsider Alert for DAVE
Jun 14, 2005 (streetinsider.com via COMTEX) --Avondale Partners initiated coverage on Famous Dave's of America, Inc. (Nasdaq: DAVE) with a Market Perform rating; $12.00 price target. The firm cited valuation as basis for their rating.
______
06/14/2005 08:25:24 AM
StreetInsider Alert for CCCG
Jun 14, 2005 (streetinsider.com via COMTEX) --CSFB downgraded CCC Information Services Group Inc. (Nasdaq: CCCG) from Neutral to Underperform.
06/14/2005 08:25:09 AM
StreetInsider Alert for XEL
Jun 14, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiated coverage on Xcel Energy Inc (NYSE: XEL) with a Hold rating; $18.75 price target. In the firm's opinion, the stock is slightly overvalued at current levels.
06/14/2005 08:25:09 AM
StreetInsider Alert for RADN
Jun 14, 2005 (streetinsider.com via COMTEX) --Radyne Corporation (Nasdaq: RADN) said its Tiernan subsidiary received $1.0 million in new orders for its HDTV encoders and decoders from a major South Korean TV Broadcast Network. Commercial HDTV is currently available only in North America, Japan and South Korea and these orders represent Tiernan's largest orders from South Korea thus far.
06/14/2005 08:25:08 AM
StreetInsider Alert for KCI
Jun 14, 2005 (streetinsider.com via COMTEX) --Jefferies initiated coverage on Kinetic Concepts Inc (NYSE: KCI) with a Buy rating; $75.00 price target. In the firm's opinion, KCI has solid mgmt, market-leading positions, 20% top-and bottom line growth prospects, strong cash flows, and solid P&L leverage going forward.
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06/14/2005 08:20:17 AM
StreetInsider Alert for SIRI
Jun 14, 2005 (streetinsider.com via COMTEX) --SIRIUS Satellite Radio (Nasdaq: SIRI) announced an agreement with Sprint (NYSE: FON) to offer select SIRIUS Satellite Radio programming. Some of the music channels being evaluated by Sprint and SIRIUS for the new service include new hits, classic rock, hip-hop, country, blues and soul to jazz and Broadway's best music.
06/14/2005 08:20:17 AM
StreetInsider Alert for SDIX
Jun 14, 2005 (streetinsider.com via COMTEX) --Strategic Diagnostics Inc. (Nasdaq: SDIX) announced its selection as the preferred custom antibody supplier by a leading pharmaceutical company under SDI's Strategic BioSolution brand. The agreement, which has a one-year term and provision for annual renewals, is expected to provide an initial revenue contribution of $300,000-500,000 per year to SDI with a blended gross margin expected to be in line with historical Company-wide consolidated margins.
06/14/2005 08:20:16 AM
StreetInsider Alert for LEH
Jun 14, 2005 (streetinsider.com via COMTEX) --Lehman Brothers Holdings Inc (NYSE: LEH) reports Q2 earnings of $2.26 per share, 3 cents better than estimates. Revenues came in at $3.28 billion versus the consensus of $3.20 billion.
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06/14/2005 08:15:12 AM
StreetInsider Alert for BBY
Jun 14, 2005 (streetinsider.com via COMTEX) --Best BUY Co Inc (NYSE: BBY) reports Q1 earnings of $0.51, 21 cents better than estimates. Revenues came in at $6.12 billion versus the consensus of $5.97 billion. Sees FY06 $3.10-$3.25, versus the consensus of $3.04.
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06/14/2005 08:10:16 AM
StreetInsider Alert for CHIR
Jun 14, 2005 (streetinsider.com via COMTEX) --Chiron Corporation (Nasdaq: CHIR) announced that the Global Alliance for TB Drug Development (TB Alliance) has initiated Phase I clinical trials for the tuberculosis (TB) drug candidate PA-824. Chiron granted the TB Alliance exclusive worldwide rights to PA-824 and related compounds in 2002, with a commitment to make the TB technology available royalty-free in endemic countries. Clinical trials are scheduled to begin this month.
06/14/2005 08:10:15 AM
StreetInsider Alert for WBR
Jun 14, 2005 (streetinsider.com via COMTEX) --Wyndham International, Inc. (AMEX: WBR) announced today that it has entered into a definitive Merger Agreement to be acquired by an affiliate of The Blackstone Group in a transaction valued at $3.24 billion or $1.15 per share.
______
06/14/2005 08:05:18 AM
StreetInsider Alert for THE
Jun 14, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on Todco, Inc (NYSE: THE) with a Market Perform rating. The firm believes the floater outlook appears very strong with limited supply potential through 2008.
06/14/2005 08:05:17 AM
StreetInsider Alert for RIG
Jun 14, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on Transocean Inc (NYSE: RIG) with an Outperform rating. The firm believes the floater outlook appears very strong with limited supply potential through 2008. The set a valuation range at $57-$64.
06/14/2005 08:05:16 AM
StreetInsider Alert for CME
Jun 14, 2005 (streetinsider.com via COMTEX) --J.P. Morgan removes Chicago Mercantile Holdings (NYSE: CME) from its 'Focus List' as the stock has exceeded their $250 price target.
06/14/2005 08:05:16 AM
StreetInsider Alert for PDE
Jun 14, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on Pride International, Inc. (NYSE: PDE) with an Outperform rating. In the firm's opinion, PDE has upside surprise potential through a combination of better financial condition, potential to acquire more deepwater exposure, Latin American exposure, and continued improvements in operations. They have set a valuation range at $27-$29.
06/14/2005 08:01:28 AM
StreetInsider Alert for AGY
Jun 14, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Argosy Gaming (NYSE: AGY) from 'neutral' to 'underweight', citing limited upside after Penn National's (NASDAQ: PENN) $47 a share offer.
06/14/2005 08:01:18 AM
StreetInsider Alert for WDC
Jun 14, 2005 (streetinsider.com via COMTEX) --Piper Jaffray downgrades Western Digital (NYSE: WDC) from 'outperform' to 'market perform'. The analyst cites: 1) the stock is just 2% away from our price target; 2) Seagate (NYSE: STX) has raised the ante on perpendicular magnetic recording (PMR) technology, a transition which might happen sooner than expected; and 3) glass media shortages heading into 2H05 could cap notebook and 1-inch drive performance.
06/14/2005 08:01:18 AM
StreetInsider Alert for LAZ
Jun 14, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiates coverage on Lazard Ltd (NYSE: LAZ) with an 'outperform' rating and $28 price target, CSFB starts the company at 'outperform' with a $26 price target and Morgan Stanley starts the company at 'overweight' with a $27 price target.
06/14/2005 08:01:17 AM
StreetInsider Alert for STT
Jun 14, 2005 (streetinsider.com via COMTEX) --Prudential downgrades State Street Corporation (NYSE: STT) from 'overweight' to 'neutral'. The analyst says the environment remains difficult and that additional rate hikes will be a headwind.
06/14/2005 08:01:17 AM
StreetInsider Alert for FBST
Jun 14, 2005 (streetinsider.com via COMTEX) --Pacific Growth initiates coverage on Fiberstars Inc (NASDAQ: FBST) with an 'overweight' rating, citing the company's Efficient Fiber Optic technology due to its lighting efficiency and new legislation that will require efficient lighting.
06/14/2005 08:01:16 AM
StreetInsider Alert for ESLR
Jun 14, 2005 (streetinsider.com via COMTEX) --Pacific Growth initiates coverage on Evergreen Solar (Nasdaq: ESLR) with an 'overweight' rating, citing position in the solar industry and efficient manufacturing techniques.
06/14/2005 08:01:16 AM
StreetInsider Alert for CPTV
Jun 14, 2005 (streetinsider.com via COMTEX) --First Albany initiates coverage on Captiva Software Corp (Nasdaq: CPTV) witha 'buy' rating and $18 price target. The analyst says rather than competing directly against the many players in the fragmented document/content/knowledge management sectors, Captiva is positioned to partner with these vendors, improving the populating of their applications while gaining access to their sales resources.
06/14/2005 08:01:15 AM
StreetInsider Alert for FPL
Jun 14, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiates coverage on FPL Group (NYSE: FPL) with a 'hold' rating and $39 price target.
06/14/2005 08:01:14 AM
StreetInsider Alert for CNET
Jun 14, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverage on Cnet (Nasdaq: CNET) with a 'sector outperformer' rating and $13 price target, sees downside risk to $9 and upside up $14 on a possible takeout
06/14/2005 08:01:13 AM
StreetInsider Alert for FLIR
Jun 14, 2005 (streetinsider.com via COMTEX) --FLIR Systems, Inc. (Nasdaq: FLIR) received a competitively awarded subcontract from General Dynamics Canada of Ottawa, Ontario, for delivery of the latest generation Star SAFIRE airborne multi-sensor imaging systems with multi-year in-service support. The systems will be used for the Canadian Department of National Defence Maritime Helicopter Project. The total subcontract value, including potential option awards, is in excess of $20 million. Deliveries will commence within nine months of contract award and continue until 2009.
06/14/2005 08:01:12 AM
StreetInsider Alert for ADBL
Jun 14, 2005 (streetinsider.com via COMTEX) --Audible, Inc. (NASDAQ: ADBL) announced that it has named Glenn M. Rogers chief operating officer.
06/14/2005 08:01:11 AM
StreetInsider Alert for QDEL
Jun 14, 2005 (streetinsider.com via COMTEX) --Quidel Corporation (NASDAQ: QDEL) announced that its Board of Directors has authorized the Company to repurchase up to $25 million in shares of its common stock.
06/14/2005 08:01:08 AM
StreetInsider Alert for INSP
Jun 14, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverarge on InfoSpace (Nasdaq: INSP) with a 'secctor performer' rating and $38 price target, the analyst likes exposure to high-growth search and mobile data markets, but has longer-term concerns in ringtones and share losses in search.
06/14/2005 08:01:06 AM
StreetInsider Alert for AHC
Jun 14, 2005 (streetinsider.com via COMTEX) --Friedman Billings upgrades Amerada Hess (NYSE: AHC) from 'underperform' to 'market perform' and raises its price target to $109, citing increased crude oil price forecast.
06/14/2005 08:01:05 AM
StreetInsider Alert for NUVA
Jun 14, 2005 (streetinsider.com via COMTEX) --Stanford Group initiates coverage on NuVasive (Nasdaq: NUVA) with a 'hold' rating and $18.50 price target.
06/14/2005 08:01:04 AM
StreetInsider Alert for GYI
Jun 14, 2005 (streetinsider.com via COMTEX) --CSFB initiates coverage on Getty Images (NYSE: GYI) with a 'outperform' rating and $90 price target, saying the shift in advertising, network effect of a dominant/branded product and international opportunity make the company's story good short-term & long-term.
06/14/2005 08:00:57 AM
StreetInsider Alert for OSCI
Jun 14, 2005 (streetinsider.com via COMTEX) --Roth Capital initiates coverage on Oscient Pharm (Nasdaq: OSCI) with a 'strong buy' rating and $4 price target.
06/14/2005 08:00:56 AM
StreetInsider Alert for CNCT
Jun 14, 2005 (streetinsider.com via COMTEX) --Roth Capital upgrades Connectics Corp (Nasdaq: CNCT) from 'buy' to 'strong buy' with a $21.40 price target, citing compelling valuation.
06/14/2005 08:00:55 AM
StreetInsider Alert for MTB
Jun 14, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiates coverage on M & T Bank (NYSE: MTB) with an 'outperform' rating and $115 price target. Says company is among the highest quality regional banks in the country.
06/14/2005 08:00:55 AM
StreetInsider Alert for EW
Jun 14, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Edwards Lifesciences (NYSE: EW) from 'neutral' to 'underperform', concerned on the halted enrollment in US percutanious aortic valve feasibility trials due to complications.
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06/14/2005 08:00:34 AM
StreetInsider Alert for HYC
Jun 14, 2005 (streetinsider.com via COMTEX) --Hypercom Corporation (NYSE: HYC) announced that CVS/pharmacy (NYSE: CVS), the 5,400-store retail pharmacy chain, has named Hypercom its preferred supplier of card payment terminals based on the advanced functionality of the Optimum(TM) L4100, a compact, high-speed signature capture card device specifically designed to speed checkout lines in multi-lane retail environments.
06/14/2005 08:00:33 AM
StreetInsider Alert for PIR
Jun 14, 2005 (streetinsider.com via COMTEX) --Pier 1 Imports (NYSE: PIR) reports Q1 loss of $0.14 per share, 1 cent worse than estimates. Revenues came in at $405.7 million versus the consensus of $407.8 million. Sees Q2 EPS of $0.03-($0.07) versus the consensus of $0.05.
06/14/2005 08:00:32 AM
StreetInsider Alert for CRZO
Jun 14, 2005 (streetinsider.com via COMTEX) --Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) reported the issuance of 1.2 million shares of the Company's common stock (or approximately 5% of the fully diluted shares outstanding) to institutional investors at a price of $15.25 per share in a private placement. The stock closed at $17.95 yesterday.
06/14/2005 08:00:32 AM
StreetInsider Alert for EXEL
Jun 14, 2005 (streetinsider.com via COMTEX) --Exelixis, Inc. (Nasdaq: EXEL) has submitted an investigational new drug application to the FDA for XL184, the seventh compound to advance into clinical development from the company's internal discovery program within two years.
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06/14/2005 08:00:21 AM
StreetInsider Alert for TCF
Jun 13, 2005 (streetinsider.com via COMTEX) --TurboChef Technologies, Inc. (Amex: TCF) has been approved for listing on The NASDAQ National Market. The company anticipates that trading on the American Stock Exchange will end and trading will begin in The NASDAQ National Market beginning on Monday, June 20, 2005. The company's new trading symbol on NASDAQ will be "OVEN".
06/14/2005 08:00:21 AM
StreetInsider Alert for IMMC
Jun 13, 2005 (streetinsider.com via COMTEX) --Immunicon Corporation (Nasdaq: IMMC) and the Fox Chase Cancer Center, based in the Philadelphia area, were awarded a Small Business Technology Transfer grant totaling approximately $587,000 by the National Institutes of Health. The NIH grant is intended to fund the development of a new strategy to actively monitor the effectiveness of cancer drugs in clinical trials.
06/14/2005 08:00:20 AM
StreetInsider Alert for GVA
Jun 13, 2005 (streetinsider.com via COMTEX) --Granite Construction Incorporated (NYSE: GVA) announced that Granite Halmar, a wholly-owned subsidiary, has been awarded a $44.9 million site preparation project in Greenburgh, in Westchester County, New York. The award was made by the New York City Department of Environmental Protection.
06/14/2005 08:00:09 AM
StreetInsider Alert for IUSA
Jun 13, 2005 (streetinsider.com via COMTEX) --infoUSA Inc. (NASDAQ: IUSA) received an offer from Vin Gupta & Company, LLC, an entity controlled by infoUSA's founder, Chairman and CEO and holder of approximately 38% of the common shares of infoUSA, to acquire all of the outstanding publicly held common shares of infoUSA not held by Mr. Gupta. Upon completion of the proposed transaction, infoUSA will become a privately held company. Under the terms of the proposed offer, the holders of infoUSA common stock, other than Mr. Gupta, will receive $11.75 in cash per share, a 25% premium to yesterday's closing price. The closing of the transaction is anticipated to occur during the third quarter of 2005.
____________
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By StreetInsider.com / Briefing.com, Investing-News.Com
Jun 14, 2005, 18:09
FATS SPPI DJ:INDU ORCC ESIO MIX ATAR VIA SNPS EVCI PZZA TTEK (To Earlier Below)
06/14/2005 04:55:18 PM
StreetInsider Alert for FATS
Jun 14, 2005 (streetinsider.com via COMTEX) --FATS, Inc. (OTCBB: FATS) said the U.S. Army National Guard has awarded them a one-year contract worth approximately $4 million to upgrade existing virtual training systems.
06/14/2005 04:50:26 PM
StreetInsider Alert for SPPI
Jun 14, 2005 (streetinsider.com via COMTEX) --Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) received approval from the Office of Generic Drugs of the US Food and Drug Administration for the Abbreviated New Drug Application for carboplatin injection in 50 mg, 150 mg and 450 mg multi-dose vials. Carboplatin is a platinum-based, anti-cancer drug used in the treatment of patients with a wide variety of tumor types. The branded product, Paraplatin, is marketed by Bristol-Myers Squibb.
06/14/2005 04:40:20 PM
StreetInsider Alert for DJ:INDU
Jun 14, 2005 (streetinsider.com via COMTEX) --The Dow finished 25.01 points higher to close at 10,548, the Nasdaq rose .08 points to close at 2,069, and the S&P 500 gained 3.09 points to close at 1,204. The markets closed out the trading session slightly on the upside today, as positive news of a drop in the Producer's Price Index was weighed down by weak May retail sales.
Volume was light with 1.70 billion shares trading on the NYSE and 1.41 billion on the Nasdaq. Advancers outpaced Decliners today by a margin of 21:12 on the NYSE and by a margin of 18:13 on the Nasdaq.
In individual stories, infoUSA Inc. (Nasdaq: IUSA) closed 24.89% higher after founder Vinod Gupta offered to take the Company private for $11.75 per share in cash. On the downside, Internet Initiative Japan Inc. (Nasdaq: IIJI) closed 21.01% lower after pricing shares to be offered in Japan at the low end of the range.
Tomorrow, traders will be watching for data from the NY Empire State Index, CPI, Core CPI, Business Inventories, Industrial Production, Capacity Utilization, and the Fed's Beige Book. The NY Empire State Index, CPI, Core CPI, and Business Inventories are due to hit the wires at 8:30 A.M. Industrial Production and Capacity Utilization are scheduled for 9:15 A.M., and the Fed's Beige Book is expected at 2:00 P.M.
06/14/2005 04:30:19 PM
StreetInsider Alert for ORCC
Jun 14, 2005 (streetinsider.com via COMTEX) --Online Resources Corp. (Nasdaq: ORCC) entered into a definitive agreement to acquire privately held Integrated Data Systems, a premier technology provider to over 50 credit unions. The acquisition provides Online Resources with added distribution, specialized Internet banking applications and enhanced professional service capabilities. The purchase price is $5 million in cash and stock, plus assumption of $300,000 of debt.
06/14/2005 04:30:18 PM
StreetInsider Alert for ESIO
Jun 14, 2005 (streetinsider.com via COMTEX) --Electro Scientific Industries Inc. (Nasdaq: ESIO) announced that Winbond Electronics Corp. has purchased multiple ESI Model 9830 semiconductor link processing systems for its new 300mm fab in Taichung, Taiwan. A longtime customer of ESI, the multiple-system order represents the company's first Model 9830 systems, which will be used to ramp production of high-performance memory chips. The shipments will begin in ESI's first fiscal quarter.
06/14/2005 04:05:18 PM
StreetInsider Alert for MIX
Jun 14, 2005 (streetinsider.com via COMTEX) --Intermix Media, Inc. (AMEX: MIX) reached an agreement in principle with the Internet Bureau of the Office of the New York State Attorney General which is expected to resolve the pending lawsuit related to the Company's historical distribution of certain downloadable software applications. Under the terms of the settlement in principle, the Company would pay a total of $7.5 million over three years to the State of New York, and would permanently discontinue distribution of its adware, redirect and toolbar programs, all of which Intermix has previously and voluntarily ceased distributing. Intermix emphasized that it has not admitted any wrongdoing or liability and expects the final agreement to reflect this fact.
06/14/2005 04:05:17 PM
StreetInsider Alert for ATAR
Jun 14, 2005 (streetinsider.com via COMTEX) --Atari Inc (Nasdaq: ATAR) reported a Q4 loss of $0.03, 1 cent better than estimates. Revenues came in at $62.7 million versus the consensus of $76.44 million.
06/14/2005 03:55:18 PM
StreetInsider Alert for VIA
Jun 14, 2005 (streetinsider.com via COMTEX) --Viacom Inc. (NYSE: VIA) announced today that the Company's Board of Directors has unanimously approved the creation of two separate publicly traded companies from the Company's leading entertainment brands through a spin-off to Viacom stockholders.
06/14/2005 02:45:07 PM
StreetInsider Alert for SNPS
Jun 14, 2005 (streetinsider.com via COMTEX) --Synopsys, Inc. (Nasdaq: SNPS) announced the integration of the Synopsys Galaxy Design Platform into the latest Semiconductor Technology Academic Research Center (STARC) STARCAD-21 Synopsys-based production flow Version 2.0, offering a complete RTL-to-GDSII solution for low power design.
06/14/2005 02:25:22 PM
StreetInsider Alert for EVCI
Jun 14, 2005 (streetinsider.com via COMTEX) --EVCI Career Colleges Holding Corp. (Nasdaq: EVCI) announced its summer semester enrollments were approximately 2,660 full-time students, an increase of approximately 35% over the 1975 full-time student enrollments for the same semester 2004.
06/14/2005 02:10:13 PM
StreetInsider Alert for PZZA
Jun 14, 2005 (streetinsider.com via COMTEX) --Papa John's International, Inc. (NASDAQ: PZZA) announced the signing of a new 7-year agreement that will extend its 21-year relationship with Coca-Cola (NYSE: KO) through 2011.
06/14/2005 01:45:17 PM
StreetInsider Alert for TTEK
Jun 14, 2005 (streetinsider.com via COMTEX) --Tetra Tech (NASDAQ: TTEK) has been selected to perform environmental management services under a new contract with the John A. Volpe National Transportation Systems Center (Volpe Center). The work will involve both environmental restoration projects and environmental assessment projects. Environmental restoration activities will include sampling, the development of plans, engineering design, community involvement activities and construction oversight primarily for contaminated structures. Environmental assessments or environmental impact statements will be completed for the Air Tour Management Program for the Federal Aviation Administration (FAA) and the National Park Service at National Park sites nationwide. The environmental assessment work will involve compliance with the National Environmental Policy Act (NEPA), and will include program management, environmental analysis, and other NEPA compliance activities.
~~~ What To Look For ~~~ [ ALT + BACK ARROW ] to Return
VIA SNPS EVCI PZZA TTEK (To Earlier Below)
06/14/2005 03:55:18 PM
StreetInsider Alert for VIA
Jun 14, 2005 (streetinsider.com via COMTEX) --Viacom Inc. (NYSE: VIA) announced today that the Company's Board of Directors has unanimously approved the creation of two separate publicly traded companies from the Company's leading entertainment brands through a spin-off to Viacom stockholders.
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06/14/2005 03:00:35 PM
Briefing.com: Hourly In Play (R) - 15:00 ET
Jun 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 14-Jun-05 15:00 ET
14:58
Point Losers List
Stocks posting the largest losses on a point basis include: QSII -4.51, GOOG -3.52, IVGN -2.98, EW -2.04, BLUD -2.07, NVDA -1.95, CME -1.90, WOLF -1.71, BA -1.67, FFIV -1.61, OSG -1.44, WDC -1.38, FDX -1.38, SNDA -1.33, APOL -1.33, LSTR -1.25, MO -1.17.
14:53
Point Gainers List: Retail
Issues pacing the way on a point basis include: BBY +8.05, WFMI +4.30, POT +4.03, AHC +3.30, SHLD +3.10, DIOD +3.08, SKE +3.07, SMTS +2.98, URBN +2.67, FD +2.66, GEF +2.66, ROYL +2.55, LEH +2.42, AZO +2.41, WYNN +2.31, CPKI +2.31, KCI +2.01, TOL +2.00, TZOO +1.99, BOW +1.92, DO +1.92, SWN +1.88, JWN +1.84, LVS +1.79, RTH +1.79.
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06/14/2005 02:45:07 PM
StreetInsider Alert for SNPS
Jun 14, 2005 (streetinsider.com via COMTEX) --Synopsys, Inc. (Nasdaq: SNPS) announced the integration of the Synopsys Galaxy Design Platform into the latest Semiconductor Technology Academic Research Center (STARC) STARCAD-21 Synopsys-based production flow Version 2.0, offering a complete RTL-to-GDSII solution for low power design.
06/14/2005 02:25:22 PM
StreetInsider Alert for EVCI
Jun 14, 2005 (streetinsider.com via COMTEX) --EVCI Career Colleges Holding Corp. (Nasdaq: EVCI) announced its summer semester enrollments were approximately 2,660 full-time students, an increase of approximately 35% over the 1975 full-time student enrollments for the same semester 2004.
06/14/2005 02:10:13 PM
StreetInsider Alert for PZZA
Jun 14, 2005 (streetinsider.com via COMTEX) --Papa John's International, Inc. (NASDAQ: PZZA) announced the signing of a new 7-year agreement that will extend its 21-year relationship with Coca-Cola (NYSE: KO) through 2011.
06/14/2005 01:45:17 PM
StreetInsider Alert for TTEK
Jun 14, 2005 (streetinsider.com via COMTEX) --Tetra Tech (NASDAQ: TTEK) has been selected to perform environmental management services under a new contract with the John A. Volpe National Transportation Systems Center (Volpe Center). The work will involve both environmental restoration projects and environmental assessment projects. Environmental restoration activities will include sampling, the development of plans, engineering design, community involvement activities and construction oversight primarily for contaminated structures. Environmental assessments or environmental impact statements will be completed for the Air Tour Management Program for the Federal Aviation Administration (FAA) and the National Park Service at National Park sites nationwide. The environmental assessment work will involve compliance with the National Environmental Policy Act (NEPA), and will include program management, environmental analysis, and other NEPA compliance activities.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ALKS (Briefing.com) ISIS BBY BIIB PORK (To Earlier Below)
06/14/2005 01:25:18 PM
StreetInsider Alert for DJ:INDU
Jun 14, 2005 (streetinsider.com via COMTEX) --6/14: Streetinsider.com's Unusual 11 Afternoon Movers:
infoUSA Inc. (Nasdaq: IUSA) 24.36% HIGHER; founder Vinod Gupta offered to take the Company private for $11.75 per share in cash.
Proxim Corporation (Nasdaq: PROX) 18.18% HIGHER; is rebounding today after yesterday's low.
Wyndham International, Inc. (AMEX: WBR) 15.46% HIGHER; has entered into a definitive Merger Agreement to be acquired by an affiliate of The Blackstone Group in a transaction valued at $3.24 billion or $1.15 per share.
DayStar Technologies Inc (Nasdaq: DSTI) 13.37% HIGHER; continued momentum.
Somanetics Corp (Nasdaq: SMTS) 13.10% HIGHER; reported impressive Q2 results and guided FY higher.
Best BUY Co Inc (NYSE: BBY) 12.25% HIGHER; reported very impressive Q1 results and guided FY06 higher.
Mylan Laboratories Inc. (NYSE: MYL) 8.53% HIGHER; announced a $1.25 billion share buyback, and increased its annual dividend by 100%.
Evergreen Solar (Nasdaq: ESLR) 8.41% HIGHER; Pacific Growth started the stock at Overweight, citing position in the solar industry and efficient manufacturing techniques.
Internet Initiative Japan Inc. (Nasdaq: IIJI) 7.19% LOWER; priced shares to be offered in Japan at the low end of range.
Bowater (NYSE: BOW) 4.62% HIGHER; Deutsche Bank upgraded the stock to Buy.
Oscient Pharm (Nasdaq: OSCI) 4.13% HIGHER; Roth Capital started the stock at Strong Buy.
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06/14/2005 01:05:06 PM
StreetInsider Alert for ALKS
Jun 14, 2005 (streetinsider.com via COMTEX) --Eli Lilly and Company (NYSE: LLY) and Alkermes, Inc. (Nasdaq: ALKS) reported detailed results from a Phase 2 clinical study of inhaled insulin in people with type 1 diabetes, showing that patients using the Lilly/Alkermes inhaled insulin system achieved blood sugar levels similar to patients treated with injected insulin. In addition, 80 percent of patients in this study expressed a preference for the Lilly/Alkermes inhaled insulin system at mealtime over injected insulin.
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06/14/2005 01:01:05 PM
Briefing.com: Hourly In Play (R) - 13:00 ET
Jun 14, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 14-Jun-05 13:00 ET
12:57
DISH EchoStar - - Relative Strength (30.29 +0.48) -- Technical --
The stock displays relative strength as it trades above its 3-month range top at 30.15/30.22. Note the 200-day moving averages lie above. Exponential - 30.44, Simple - 30.85.
12:55
Sector Watch: Semi Index -SOX- hovering near session low
Modest pressure today with the Semi Index (at 426.94, -0.8%) recently establishing a new session low (426.59) leaving it modestly above the June low at 425.86. The worst performing components today include: LSCC -6.4%, MXIM -2.1%, TER -1.5%, AMD -1.4%, TXN -1.2%, ALTR -1.1%, XLNX -1%.
12:45
Mixed trade amid weak volume
Choppy trade with the market holding on to a mixed bias. Weighing on the Nasdaq indices (100 -0.4%, Comp -0.2%) are the Semi -0.8%, Software -0.3%, Disk Drive -0.7% and Internet -0.6% groups. Other sectors on the defensive include: Gold -1.5%, Coal -1%, Tobacco -0.8%, Defense -0.3%. On the plus side are: Retail +1.4%, Healthcare +1.1%, Casino +1%, Paper +0.7%. Volume is slow with it is running below yesterday's slower pace as well as below average (NYSE 567 mln, Nasdaq 691 mln).
12:42
Unusual Volume Movers on No News: CFW, SIFY, ANCC, SCLN, LONG, POCC
The following stocks are already showing volume above average total daily volume in the just the first three hours of trading: CFW (5.49 +0.40, +7.9%, 12.0x avg daily vol), SIFY (5.35 +0.25, +4.9%, 6.9x), ANCC (1.73 +0.21, +13.8%, 3.8x), SCLN (4.35 +0.39, +9.9%, 2.0x), LONG (12.79 +0.74, +6.1%, 2.1x), POCC (0.65 +0.11, +20.4%, 2.6x).
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06/14/2005 12:35:10 PM
StreetInsider Alert for ISIS
Jun 14, 2005 (streetinsider.com via COMTEX) --Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) announced that ISIS 113715 reduced HbA1C and plasma glucose after six weeks of dosing. The second-generation antisense drug did not cause any hypoglycemia (low blood sugar) and was well-tolerated. The data reported were from an interim analysis of a randomized, double-blind, placebo-controlled Phase 2 study in diabetic patients.
06/14/2005 11:45:23 AM
StreetInsider Alert for BBY
Jun 14, 2005 (streetinsider.com via COMTEX) --AG Edwards upgrades Best Buy (NYSE: BBY) from 'hold' to 'buy' following strong Q1 results.
06/14/2005 11:40:12 AM
StreetInsider Alert for BIIB
Jun 14, 2005 (streetinsider.com via COMTEX) --Biogen Idec (NASDAQ: BIIB) announced that a Phase II clinical study demonstrated that galiximab may be used in combination with RITUXAN, and the combination may prolong event-free survival in patients with relapsed or refractory, follicular non-Hodgkin's lymphoma when compared to previous results with RITUXAN monotherapy. Side effects of the combination are similar to treatment with RITUXAN alone.
06/14/2005 11:25:08 AM
StreetInsider Alert for PORK
Jun 14, 2005 (streetinsider.com via COMTEX) --The IPO for Premium Standard Farms Inc (Nasdaq: PORK) is open for trading. The stock is trading at $12.25 after pricing at $12.50, below the initially indicated range of $15-$17 a share. The 9.8 million share deal is being led by Morgan Stanley.
Premium Standard Farms, Inc. is one of the largest vertically integrated providers of pork products in the United States, producing consistent, high quality pork products for the retail, wholesale, foodservice, further processor, and export markets.
~~~ Don't Trade Alone ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ( IUSA BOW OSCI IIJI MYL ESLR BBY DSTI IUSA ) WCC (To Earlier Below)
6/14/2005 10:35:08 AM
StreetInsider Alert for DJ:INDU
Jun 14, 2005 (streetinsider.com via COMTEX) --6/14: Streetinsider.com's Unusual 8 Morning Movers:
infoUSA Inc. (Nasdaq: IUSA) 22.87% HIGHER; founder Vinod Gupta offered to take the Company private for $11.75 per share in cash.
DayStar Technologies Inc (Nasdaq: DSTI) 14.35% HIGHER; continued momentum related to last week?s news of a significant contract for its exclusive TerraFoil solar cells.
Best BUY Co Inc (NYSE: BBY) 10.83% HIGHER; reported very impressive Q1 results and guided FY06 higher.
Evergreen Solar (Nasdaq: ESLR) 8.41% HIGHER; Pacific Growth started the stock at Overweight, citing position in the solar industry and efficient manufacturing techniques.
Mylan Laboratories Inc. (NYSE: MYL) 7.06% HIGHER; announced a $1.25 billion share buyback, and increased its annual dividend by 100%.
Internet Initiative Japan Inc. (Nasdaq: IIJI) 5.90% LOWER; priced shares to be offered in Japan at the low end of range.
Oscient Pharm (Nasdaq: OSCI) 3.59% HIGHER; Roth Capital started the stock at Strong Buy.
Bowater (NYSE: BOW) 3.01% HIGHER; Deutsche Bank upgraded the stock to Buy.
06/14/2005 09:35:17 AM
StreetInsider Alert for WCC
Jun 14, 2005 (streetinsider.com via COMTEX) --Morgan Keegan upgrades WESCO International (NYSE: WCC) from 'market perform' to 'outperform'.
~~~ Daytrade The Sharcky Way! ~~~ [ Opens in a NEW WINDOW ]
BORL UCI DADE IPAS PCG CBSS ASML FCS ASTE LNC KEA DPH DIOD ROH MYL SMTS VICL NBTB URS WMAR FTO CORS SWB CRAI UNFI ARBA GOOG TELK DAVE CCCG XEL RADN KCI SIRI SDIX LEH BBY CHIR WBR THE RIG CME PDE AGY WDC LAZ STT FBST ESLR CPTV FPL CNET FLIR ADBL QDEL INSP AHC NUVA GYI OSCI CNCT MTB EW HYC PIR CRZO EXEL TCF IMMC GVA IUSA
06/14/2005 09:20:17 AM
StreetInsider Alert for BORL
Jun 14, 2005 (streetinsider.com via COMTEX) --Pacific Crest Capital initiated coverage on Borland Software Corporation (Nasdaq: BORL) with a Sector Perform rating. The firm based their recommendation on a lack of visibility.
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06/14/2005 09:15:09 AM
StreetInsider Alert for UCI
Jun 14, 2005 (streetinsider.com via COMTEX) --Sandler O'Neill resumed coverage on UICI (NYSE: UCI) with a Buy rating; $31.00 price target. The firm is resuming their coverage on the stock. They noted the stock is currently oversold, mainly due to UCI's LTM ROE (ex AOCI) of 24.5%.
06/14/2005 09:15:09 AM
StreetInsider Alert for DADE
Jun 14, 2005 (streetinsider.com via COMTEX) --Leerink Swann initiated coverage on Dade Behring Holdings, Inc. (Nasdaq: DADE) with a Market Perform rating. The firm views the shares as fairly valued.
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06/14/2005 09:10:12 AM
StreetInsider Alert for IPAS
Jun 14, 2005 (streetinsider.com via COMTEX) --iPass Inc. (Nasdaq: IPAS) announced that its Chief Financial Officer, Don McCauley, is leaving the company to pursue an opportunity with a private software company. McCauley will remain at iPass until July 8.
The iPass board of directors named Frank Verdecanna as acting CFO while the company conducts a search for a replacement. Verdecanna joined iPass as corporate controller in October 2000 and was elected principal accounting officer in January 2003.
06/14/2005 09:10:11 AM
StreetInsider Alert for PCG
Jun 14, 2005 (streetinsider.com via COMTEX) --Bernstein downgrades PG&E (NYSE: PCG) from 'outperform' to 'market perform' with a $38 price target, citing valuation.
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06/14/2005 09:05:15 AM
StreetInsider Alert for CBSS
Jun 14, 2005 (streetinsider.com via COMTEX) --Oppenheimer initiated coverage on Compass Bancshares Inc (Nasdaq: CBSS) with a Neutral rating; $48.00 price target. The firm believes investors are better off on the sidelines given current valuation.
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06/14/2005 09:00:19 AM
StreetInsider Alert for ASML
Jun 14, 2005 (streetinsider.com via COMTEX) --UBS upgraded ASML Holding N.V. NY Reg Shs (Nasdaq: ASML) from Neutral to Buy. The firm based their upgrade on increased demand for immersion tools.
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06/14/2005 08:55:21 AM
StreetInsider Alert for FCS
Jun 14, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt Gerard upgraded Fairchild Semiconductor International Inc (NYSE: FCS) from Underperform to Neutral. The firm increased their 05/06 EPS estimates to reflect a modestly higher gross margin and raised their target to $17. They noted that fundamentals are near to bottom and after consulting with distributors and checking their own SIA data, they believe FC's pricing has steadied.
06/14/2005 08:55:20 AM
StreetInsider Alert for ASTE
Jun 14, 2005 (streetinsider.com via COMTEX) --Robert W. Baird initiated coverage on Astec Industries, Inc. (Nasdaq: ASTE) with an Outperform rating; $29.00 price target. The firm is initiating ASTE with a $29 target with large amounts of exposure to road construction as the new federal highway bill looks close to being signed.
06/14/2005 08:55:19 AM
StreetInsider Alert for LNC
Jun 14, 2005 (streetinsider.com via COMTEX) --Lehman Brothers upgraded Lincoln National Corporation (NYSE: LNC) from Equal-weight to Overweight; $55.00 price target. The firm expects LNC sales of annuities and funds to beat Q2 estimates following checks with wholesalers.
06/14/2005 08:55:19 AM
StreetInsider Alert for KEA
Jun 14, 2005 (streetinsider.com via COMTEX) --Keane, Inc. (NYSE: KEA) announced that its Board of Directors has authorized the Company to repurchase 3 million shares of its common stock over the next 12 months.
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06/14/2005 08:50:26 AM
StreetInsider Alert for DPH
Jun 14, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Delphi Corporation (NYSE: DPH) from Sell to Hold; $4.80 price target. The firm thinks that much of the risk is priced into shares of DPH. They also added that the met with mgmt and they do not appear to be considering bankruptcy as a near-term option.
06/14/2005 08:50:26 AM
StreetInsider Alert for DIOD
Jun 14, 2005 (streetinsider.com via COMTEX) --Raymond James upgrades Diodes Incorporated (Nasdaq: DIOD) from 'outperform' to 'strong buy'. The analsyt feels the new CEO Dr. Keh-Shew Lu will be a positive, not a negative.
06/14/2005 08:50:24 AM
StreetInsider Alert for ROH
Jun 14, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Rohm and Haas Company (NYSE: ROH) with an Equal-weight rating. The firm believes shares are fairly valued. Lower costs, greater efficiency and improving returns are the stock's earnings drivers and reflects their outlook for the industry.
06/14/2005 08:50:24 AM
StreetInsider Alert for MYL
Jun 14, 2005 (streetinsider.com via COMTEX) --Mylan Laboratories Inc. (NYSE: MYL) announced several key strategic initiatives, including a $1.25 billion share buyback, comprised of a modified "Dutch Auction" self- tender for up to approximately 48.8 million shares (up to $1 billion) and a $250 million follow-on share repurchase program in the open market or otherwise. These share repurchases will represent, upon completion, nearly 25% of the Company's outstanding shares. In addition, the Company announced today that is increasing its annual dividend by 100%, effective as of the first quarter ending June 30, 2005
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06/14/2005 08:45:23 AM
StreetInsider Alert for SMTS
Jun 14, 2005 (streetinsider.com via COMTEX) --Somanetics Corp (NASDAQ: SMTS) reports Q2 earnings of $0.08 per share, 3 cents better than estimates. Revenues came in at $5.1 million versus the consensus of $4.4 million. Sees FY revenue of $19.5-20.2 million versus the consensus of $18.9 million.
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06/14/2005 08:40:15 AM
StreetInsider Alert for VICL
Jun 14, 2005 (streetinsider.com via COMTEX) --Vical Incorporated (Nasdaq: VICL) said the FDA has designated the company's bivalent (two-plasmid) formulation of the company's vaccine against cytomegalovirus as an orphan drug for the prevention of clinically significant CMV viremia, CMV disease and associated complications in at-risk hematopoietic cell transplant and solid organ transplant populations.
06/14/2005 08:40:14 AM
StreetInsider Alert for NBTB
Jun 14, 2005 (streetinsider.com via COMTEX) --NBT Bancorp Inc. (NASDAQ: NBTB) and CNB Bancorp, Inc. (OTCBB: CNBI) announced that they have entered into a definitive agreement providing for the merger of CNB with and into NBT. The merger, which has been unanimously approved by the boards of directors of NBT and CNB, is subject to regulatory approvals as well as approval by CNB's shareholders and is expected to close in the fourth quarter of 2005.
The total transaction is valued at approximately $89 million. Under the terms of the agreement, CNB shareholders will be given the opportunity to elect to receive either $38.00 in cash or 1.64 shares of NBT common stock for each share of CNB common stock, subject to election and proration procedures that provide, among other things, that the aggregate consideration will be 55% stock and 45% cash.
06/14/2005 08:40:14 AM
StreetInsider Alert for URS
Jun 14, 2005 (streetinsider.com via COMTEX) --URS Corporation (NYSE: URS) announced that it has been awarded contracts by British Petroleum (BP) to perform investigation and remediation services to European operations and to perform environmental consulting and site remediation at BP sites across the Americas. The contracts have a combined maximum value of $130 million for URS.
06/14/2005 08:40:13 AM
StreetInsider Alert for WMAR
Jun 14, 2005 (streetinsider.com via COMTEX) --West Marine, Inc. (Nasdaq: WMAR) announced that President and Chief Operating Officer Richard Everett is resigning to pursue his other interests. In addition, Mr. Everett is resigning from the Company's board of directors. Mr. Everett will remain with West Marine for an extended period to assure a smooth transition. Chief Executive Officer Peter Harris will assume the additional title of President and Mr. Everett's duties will be assumed by other senior executives.
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06/14/2005 08:35:17 AM
StreetInsider Alert for FTO
Jun 14, 2005 (streetinsider.com via COMTEX) --Frontier Oil Corporation (NYSE: FTO) is pleased to announce that Michael C. Jennings has been appointed to the position of Executive Vice President and Chief Financial Officer. In this Houston-based position, Mr. Jennings will have the responsibility for all the financial activities of the company. He will report to the Chief Executive Officer.
06/14/2005 08:35:16 AM
StreetInsider Alert for CORS
Jun 14, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods initiated coverage on Corus Bankshares, Inc. (Nasdaq: CORS) with a Market Perform rating.
06/14/2005 08:35:04 AM
StreetInsider Alert for SWB
Jun 14, 2005 (streetinsider.com via COMTEX) --Merriman initiated coverage on Smith & Wesson Holding Corporation (AMEX: SWB) with a Buy rating. In the firm's opinion, the entry into the military and law enforcement channels coupled with new product extensions should drive increasing sales and profitability (leveraging fixed manufacturing) and multiple expansion as the ultimate opportunity expands. With an EBITDA multiple in line with the peer group, they believe the shares could exceed the $5.00 level over the next twelve months.
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06/14/2005 08:30:42 AM
StreetInsider Alert for CRAI
Jun 14, 2005 (streetinsider.com via COMTEX) --CRA International, Inc. (Nasdaq: CRAI) plans to offer 1,899,227 shares of its common stock in an underwritten public offering from its existing shelf registration statement. It is expected that the Company will offer 710,000 shares of common stock and that selling stockholders will offer 1,189,227 shares.
06/14/2005 08:30:32 AM
StreetInsider Alert for UNFI
Jun 14, 2005 (streetinsider.com via COMTEX) --Prudential initiated coverage on United Natural Foods, Inc. (Nasdaq: UNFI) with a Neutral rating. The firm noted UNFI is a premier distributor of natural and organic foods, but the stock is expensive.
06/14/2005 08:30:32 AM
StreetInsider Alert for ARBA
Jun 14, 2005 (streetinsider.com via COMTEX) --Ariba, Inc. (Nasdaq: ARBA) signed an agreement to provide low-cost country sourcing services to Teleflex Incorporated (NYSE: TFX), beginning with a regional rollout. Ariba will manage certain key LCCS projects for Teleflex, including category selection and sourcing through supplier implementation.
06/14/2005 08:30:31 AM
StreetInsider Alert for GOOG
Jun 14, 2005 (streetinsider.com via COMTEX) --Susquehanna is lowering Q2 estimates on Google (Nasdaq: GOOG) due to seasonality overseas. The firm is lowering its Q2 estimate to $832/$1.29 from $856/$1.3, but remains bullish longer-term.
06/14/2005 08:30:21 AM
StreetInsider Alert for TELK
Jun 14, 2005 (streetinsider.com via COMTEX) --Susquehanna initiated coverage on Telik Incorporated (Nasdaq: TELK) with a Neutral rating. The firm believes the stock could be range bound noting the Telcyta clinical results are not expected over the near-term.
06/14/2005 08:30:20 AM
StreetInsider Alert for DAVE
Jun 14, 2005 (streetinsider.com via COMTEX) --Avondale Partners initiated coverage on Famous Dave's of America, Inc. (Nasdaq: DAVE) with a Market Perform rating; $12.00 price target. The firm cited valuation as basis for their rating.
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06/14/2005 08:25:24 AM
StreetInsider Alert for CCCG
Jun 14, 2005 (streetinsider.com via COMTEX) --CSFB downgraded CCC Information Services Group Inc. (Nasdaq: CCCG) from Neutral to Underperform.
06/14/2005 08:25:09 AM
StreetInsider Alert for XEL
Jun 14, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiated coverage on Xcel Energy Inc (NYSE: XEL) with a Hold rating; $18.75 price target. In the firm's opinion, the stock is slightly overvalued at current levels.
06/14/2005 08:25:09 AM
StreetInsider Alert for RADN
Jun 14, 2005 (streetinsider.com via COMTEX) --Radyne Corporation (Nasdaq: RADN) said its Tiernan subsidiary received $1.0 million in new orders for its HDTV encoders and decoders from a major South Korean TV Broadcast Network. Commercial HDTV is currently available only in North America, Japan and South Korea and these orders represent Tiernan's largest orders from South Korea thus far.
06/14/2005 08:25:08 AM
StreetInsider Alert for KCI
Jun 14, 2005 (streetinsider.com via COMTEX) --Jefferies initiated coverage on Kinetic Concepts Inc (NYSE: KCI) with a Buy rating; $75.00 price target. In the firm's opinion, KCI has solid mgmt, market-leading positions, 20% top-and bottom line growth prospects, strong cash flows, and solid P&L leverage going forward.
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06/14/2005 08:20:17 AM
StreetInsider Alert for SIRI
Jun 14, 2005 (streetinsider.com via COMTEX) --SIRIUS Satellite Radio (Nasdaq: SIRI) announced an agreement with Sprint (NYSE: FON) to offer select SIRIUS Satellite Radio programming. Some of the music channels being evaluated by Sprint and SIRIUS for the new service include new hits, classic rock, hip-hop, country, blues and soul to jazz and Broadway's best music.
06/14/2005 08:20:17 AM
StreetInsider Alert for SDIX
Jun 14, 2005 (streetinsider.com via COMTEX) --Strategic Diagnostics Inc. (Nasdaq: SDIX) announced its selection as the preferred custom antibody supplier by a leading pharmaceutical company under SDI's Strategic BioSolution brand. The agreement, which has a one-year term and provision for annual renewals, is expected to provide an initial revenue contribution of $300,000-500,000 per year to SDI with a blended gross margin expected to be in line with historical Company-wide consolidated margins.
06/14/2005 08:20:16 AM
StreetInsider Alert for LEH
Jun 14, 2005 (streetinsider.com via COMTEX) --Lehman Brothers Holdings Inc (NYSE: LEH) reports Q2 earnings of $2.26 per share, 3 cents better than estimates. Revenues came in at $3.28 billion versus the consensus of $3.20 billion.
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06/14/2005 08:15:12 AM
StreetInsider Alert for BBY
Jun 14, 2005 (streetinsider.com via COMTEX) --Best BUY Co Inc (NYSE: BBY) reports Q1 earnings of $0.51, 21 cents better than estimates. Revenues came in at $6.12 billion versus the consensus of $5.97 billion. Sees FY06 $3.10-$3.25, versus the consensus of $3.04.
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06/14/2005 08:10:16 AM
StreetInsider Alert for CHIR
Jun 14, 2005 (streetinsider.com via COMTEX) --Chiron Corporation (Nasdaq: CHIR) announced that the Global Alliance for TB Drug Development (TB Alliance) has initiated Phase I clinical trials for the tuberculosis (TB) drug candidate PA-824. Chiron granted the TB Alliance exclusive worldwide rights to PA-824 and related compounds in 2002, with a commitment to make the TB technology available royalty-free in endemic countries. Clinical trials are scheduled to begin this month.
06/14/2005 08:10:15 AM
StreetInsider Alert for WBR
Jun 14, 2005 (streetinsider.com via COMTEX) --Wyndham International, Inc. (AMEX: WBR) announced today that it has entered into a definitive Merger Agreement to be acquired by an affiliate of The Blackstone Group in a transaction valued at $3.24 billion or $1.15 per share.
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06/14/2005 08:05:18 AM
StreetInsider Alert for THE
Jun 14, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on Todco, Inc (NYSE: THE) with a Market Perform rating. The firm believes the floater outlook appears very strong with limited supply potential through 2008.
06/14/2005 08:05:17 AM
StreetInsider Alert for RIG
Jun 14, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on Transocean Inc (NYSE: RIG) with an Outperform rating. The firm believes the floater outlook appears very strong with limited supply potential through 2008. The set a valuation range at $57-$64.
06/14/2005 08:05:16 AM
StreetInsider Alert for CME
Jun 14, 2005 (streetinsider.com via COMTEX) --J.P. Morgan removes Chicago Mercantile Holdings (NYSE: CME) from its 'Focus List' as the stock has exceeded their $250 price target.
06/14/2005 08:05:16 AM
StreetInsider Alert for PDE
Jun 14, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on Pride International, Inc. (NYSE: PDE) with an Outperform rating. In the firm's opinion, PDE has upside surprise potential through a combination of better financial condition, potential to acquire more deepwater exposure, Latin American exposure, and continued improvements in operations. They have set a valuation range at $27-$29.
06/14/2005 08:01:28 AM
StreetInsider Alert for AGY
Jun 14, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Argosy Gaming (NYSE: AGY) from 'neutral' to 'underweight', citing limited upside after Penn National's (NASDAQ: PENN) $47 a share offer.
06/14/2005 08:01:18 AM
StreetInsider Alert for WDC
Jun 14, 2005 (streetinsider.com via COMTEX) --Piper Jaffray downgrades Western Digital (NYSE: WDC) from 'outperform' to 'market perform'. The analyst cites: 1) the stock is just 2% away from our price target; 2) Seagate (NYSE: STX) has raised the ante on perpendicular magnetic recording (PMR) technology, a transition which might happen sooner than expected; and 3) glass media shortages heading into 2H05 could cap notebook and 1-inch drive performance.
06/14/2005 08:01:18 AM
StreetInsider Alert for LAZ
Jun 14, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiates coverage on Lazard Ltd (NYSE: LAZ) with an 'outperform' rating and $28 price target, CSFB starts the company at 'outperform' with a $26 price target and Morgan Stanley starts the company at 'overweight' with a $27 price target.
06/14/2005 08:01:17 AM
StreetInsider Alert for STT
Jun 14, 2005 (streetinsider.com via COMTEX) --Prudential downgrades State Street Corporation (NYSE: STT) from 'overweight' to 'neutral'. The analyst says the environment remains difficult and that additional rate hikes will be a headwind.
06/14/2005 08:01:17 AM
StreetInsider Alert for FBST
Jun 14, 2005 (streetinsider.com via COMTEX) --Pacific Growth initiates coverage on Fiberstars Inc (NASDAQ: FBST) with an 'overweight' rating, citing the company's Efficient Fiber Optic technology due to its lighting efficiency and new legislation that will require efficient lighting.
06/14/2005 08:01:16 AM
StreetInsider Alert for ESLR
Jun 14, 2005 (streetinsider.com via COMTEX) --Pacific Growth initiates coverage on Evergreen Solar (Nasdaq: ESLR) with an 'overweight' rating, citing position in the solar industry and efficient manufacturing techniques.
06/14/2005 08:01:16 AM
StreetInsider Alert for CPTV
Jun 14, 2005 (streetinsider.com via COMTEX) --First Albany initiates coverage on Captiva Software Corp (Nasdaq: CPTV) witha 'buy' rating and $18 price target. The analyst says rather than competing directly against the many players in the fragmented document/content/knowledge management sectors, Captiva is positioned to partner with these vendors, improving the populating of their applications while gaining access to their sales resources.
06/14/2005 08:01:15 AM
StreetInsider Alert for FPL
Jun 14, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiates coverage on FPL Group (NYSE: FPL) with a 'hold' rating and $39 price target.
06/14/2005 08:01:14 AM
StreetInsider Alert for CNET
Jun 14, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverage on Cnet (Nasdaq: CNET) with a 'sector outperformer' rating and $13 price target, sees downside risk to $9 and upside up $14 on a possible takeout
06/14/2005 08:01:13 AM
StreetInsider Alert for FLIR
Jun 14, 2005 (streetinsider.com via COMTEX) --FLIR Systems, Inc. (Nasdaq: FLIR) received a competitively awarded subcontract from General Dynamics Canada of Ottawa, Ontario, for delivery of the latest generation Star SAFIRE airborne multi-sensor imaging systems with multi-year in-service support. The systems will be used for the Canadian Department of National Defence Maritime Helicopter Project. The total subcontract value, including potential option awards, is in excess of $20 million. Deliveries will commence within nine months of contract award and continue until 2009.
06/14/2005 08:01:12 AM
StreetInsider Alert for ADBL
Jun 14, 2005 (streetinsider.com via COMTEX) --Audible, Inc. (NASDAQ: ADBL) announced that it has named Glenn M. Rogers chief operating officer.
06/14/2005 08:01:11 AM
StreetInsider Alert for QDEL
Jun 14, 2005 (streetinsider.com via COMTEX) --Quidel Corporation (NASDAQ: QDEL) announced that its Board of Directors has authorized the Company to repurchase up to $25 million in shares of its common stock.
06/14/2005 08:01:08 AM
StreetInsider Alert for INSP
Jun 14, 2005 (streetinsider.com via COMTEX) --CIBC initiates coverarge on InfoSpace (Nasdaq: INSP) with a 'secctor performer' rating and $38 price target, the analyst likes exposure to high-growth search and mobile data markets, but has longer-term concerns in ringtones and share losses in search.
06/14/2005 08:01:06 AM
StreetInsider Alert for AHC
Jun 14, 2005 (streetinsider.com via COMTEX) --Friedman Billings upgrades Amerada Hess (NYSE: AHC) from 'underperform' to 'market perform' and raises its price target to $109, citing increased crude oil price forecast.
06/14/2005 08:01:05 AM
StreetInsider Alert for NUVA
Jun 14, 2005 (streetinsider.com via COMTEX) --Stanford Group initiates coverage on NuVasive (Nasdaq: NUVA) with a 'hold' rating and $18.50 price target.
06/14/2005 08:01:04 AM
StreetInsider Alert for GYI
Jun 14, 2005 (streetinsider.com via COMTEX) --CSFB initiates coverage on Getty Images (NYSE: GYI) with a 'outperform' rating and $90 price target, saying the shift in advertising, network effect of a dominant/branded product and international opportunity make the company's story good short-term & long-term.
06/14/2005 08:00:57 AM
StreetInsider Alert for OSCI
Jun 14, 2005 (streetinsider.com via COMTEX) --Roth Capital initiates coverage on Oscient Pharm (Nasdaq: OSCI) with a 'strong buy' rating and $4 price target.
06/14/2005 08:00:56 AM
StreetInsider Alert for CNCT
Jun 14, 2005 (streetinsider.com via COMTEX) --Roth Capital upgrades Connectics Corp (Nasdaq: CNCT) from 'buy' to 'strong buy' with a $21.40 price target, citing compelling valuation.
06/14/2005 08:00:55 AM
StreetInsider Alert for MTB
Jun 14, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiates coverage on M & T Bank (NYSE: MTB) with an 'outperform' rating and $115 price target. Says company is among the highest quality regional banks in the country.
06/14/2005 08:00:55 AM
StreetInsider Alert for EW
Jun 14, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Edwards Lifesciences (NYSE: EW) from 'neutral' to 'underperform', concerned on the halted enrollment in US percutanious aortic valve feasibility trials due to complications.
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06/14/2005 08:00:34 AM
StreetInsider Alert for HYC
Jun 14, 2005 (streetinsider.com via COMTEX) --Hypercom Corporation (NYSE: HYC) announced that CVS/pharmacy (NYSE: CVS), the 5,400-store retail pharmacy chain, has named Hypercom its preferred supplier of card payment terminals based on the advanced functionality of the Optimum(TM) L4100, a compact, high-speed signature capture card device specifically designed to speed checkout lines in multi-lane retail environments.
06/14/2005 08:00:33 AM
StreetInsider Alert for PIR
Jun 14, 2005 (streetinsider.com via COMTEX) --Pier 1 Imports (NYSE: PIR) reports Q1 loss of $0.14 per share, 1 cent worse than estimates. Revenues came in at $405.7 million versus the consensus of $407.8 million. Sees Q2 EPS of $0.03-($0.07) versus the consensus of $0.05.
06/14/2005 08:00:32 AM
StreetInsider Alert for CRZO
Jun 14, 2005 (streetinsider.com via COMTEX) --Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) reported the issuance of 1.2 million shares of the Company's common stock (or approximately 5% of the fully diluted shares outstanding) to institutional investors at a price of $15.25 per share in a private placement. The stock closed at $17.95 yesterday.
06/14/2005 08:00:32 AM
StreetInsider Alert for EXEL
Jun 14, 2005 (streetinsider.com via COMTEX) --Exelixis, Inc. (Nasdaq: EXEL) has submitted an investigational new drug application to the FDA for XL184, the seventh compound to advance into clinical development from the company's internal discovery program within two years.
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06/14/2005 08:00:21 AM
StreetInsider Alert for TCF
Jun 13, 2005 (streetinsider.com via COMTEX) --TurboChef Technologies, Inc. (Amex: TCF) has been approved for listing on The NASDAQ National Market. The company anticipates that trading on the American Stock Exchange will end and trading will begin in The NASDAQ National Market beginning on Monday, June 20, 2005. The company's new trading symbol on NASDAQ will be "OVEN".
06/14/2005 08:00:21 AM
StreetInsider Alert for IMMC
Jun 13, 2005 (streetinsider.com via COMTEX) --Immunicon Corporation (Nasdaq: IMMC) and the Fox Chase Cancer Center, based in the Philadelphia area, were awarded a Small Business Technology Transfer grant totaling approximately $587,000 by the National Institutes of Health. The NIH grant is intended to fund the development of a new strategy to actively monitor the effectiveness of cancer drugs in clinical trials.
06/14/2005 08:00:20 AM
StreetInsider Alert for GVA
Jun 13, 2005 (streetinsider.com via COMTEX) --Granite Construction Incorporated (NYSE: GVA) announced that Granite Halmar, a wholly-owned subsidiary, has been awarded a $44.9 million site preparation project in Greenburgh, in Westchester County, New York. The award was made by the New York City Department of Environmental Protection.
06/14/2005 08:00:09 AM
StreetInsider Alert for IUSA
Jun 13, 2005 (streetinsider.com via COMTEX) --infoUSA Inc. (NASDAQ: IUSA) received an offer from Vin Gupta & Company, LLC, an entity controlled by infoUSA's founder, Chairman and CEO and holder of approximately 38% of the common shares of infoUSA, to acquire all of the outstanding publicly held common shares of infoUSA not held by Mr. Gupta. Upon completion of the proposed transaction, infoUSA will become a privately held company. Under the terms of the proposed offer, the holders of infoUSA common stock, other than Mr. Gupta, will receive $11.75 in cash per share, a 25% premium to yesterday's closing price. The closing of the transaction is anticipated to occur during the third quarter of 2005.
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