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Tuesday, June 21, 2005 12:08:07 AM
Final - StreetInsider Alerts 06/20/2005 @ 05:25:11 PM
By StreetInsider.com, Investing-News.Com
Jun 20, 2005, 18:57
http://www.investing-news.com/artman/publish/article_961.shtml
MTG PENN CPC DJ:INDU BMET DRI HOTT ARRO SGMS AMHC (To Earlier Below)
06/20/2005 05:25:11 PM
StreetInsider Alert for MTG
Jun 20, 2005 (streetinsider.com via COMTEX) --MGIC Investment Corporation (NYSE: MTG) authorized the repurchase of up to 5 million shares of the Company's Common Stock. The 5 million shares are in addition to approximately 462,000 shares remaining from a repurchase program authorized in May 2003.
06/20/2005 04:55:24 PM
StreetInsider Alert for PENN
Jun 20, 2005 (streetinsider.com via COMTEX) --Penn National Gaming, Inc. (Nasdaq: PENN) entered into an agreement with a subsidiary of Columbia Sussex Corporation whereby immediately subsequent to the completion of the merger of Penn National and Argosy Gaming Company (NYSE: AGY), Argosy Gaming Company and the Columbia Sussex unit will execute a securities purchase agreement. Under the securities purchase agreement, the Columbia Sussex unit will purchase the Argosy Casino-Baton Rouge casino property from Argosy Gaming Company (which would then be a wholly owned subsidiary of Penn National) for $150 million in cash.
06/20/2005 04:50:09 PM
StreetInsider Alert for CPC
Jun 20, 2005 (streetinsider.com via COMTEX) --Central Parking Corporation (NYSE: CPC) terminated discussions regarding the potential sale of the Company. The Company expects to continue to review alternatives designed to enhance shareholder return, including a share repurchase program, changes in its dividend policy and other changes in the capitalization of the Company.
06/20/2005 04:45:14 PM
StreetInsider Alert for DJ:INDU
Jun 20, 2005 (streetinsider.com via COMTEX) --The Dow finished 13.96 points lower to close at 10,609, the Nasdaq fell 1.98 points to close at 2,088, and the S&P 500 lost .86 points to close at 1,216. The markets closed out the trading session in the red today as leading indicators declined in May and oil prices reached all-time highs. Volume was light with 1.68 billion shares trading on the NYSE and 1.41 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 20:13 on the NYSE and by a margin of 18:13 on the Nasdaq.
In individual stories, United Heritage (Nasdaq: UHCP) closed 64.57% higher after entering into a Term Assignment pact with Dominion Resources. On the downside, Oilgear Company, The (Nasdaq: OLGR) closed 16.62% lower from profit taking after Friday's 70% move up on momentum.
There is no economic data due to hit the wires tomorrow.
06/20/2005 04:40:20 PM
StreetInsider Alert for BMET
Jun 20, 2005 (streetinsider.com via COMTEX) --Biomet, Inc. (NASDAQ: BMET) warns for Q4; expects sales for the fourth quarter ended May 31, 2005 to be $503 million, earnings per share to be in the range of $0.39 to $0.41 and adjusted earnings per share to be in a range of $0.40 to $0.42 (consensus is $520.23M and $0.44)
06/20/2005 04:40:20 PM
StreetInsider Alert for DRI
Jun 20, 2005 (streetinsider.com via COMTEX) --Darden Restaurants Inc (NYSE: DRI) reported Q4 EPS of $0.52, 1 cent better than estimates. Revenues came in at $1.39 billion versus the consensus of $1.39 billion.
06/20/2005 04:35:17 PM
StreetInsider Alert for HOTT
Jun 20, 2005 (streetinsider.com via COMTEX) --Hot Topic, Inc. (Nasdaq: HOTT) warns for Q2; the company said comparable store sales month-to-date through June 20, 2005, have decreased approximately 4 percent from the same period last year. As a result, the company currently expects total sales for the second quarter of 2005, ending July 30, 2005, to be in the range of $155 million to $158 million. Based on this sales assumption, the company currently estimates that second quarter net income will be in the range of $0.07 to $0.09 per diluted share (consensus is $164.93M and $0.12)
06/20/2005 04:20:14 PM
StreetInsider Alert for ARRO
Jun 20, 2005 (streetinsider.com via COMTEX) --Arrow International (NASDAQ: ARRO) reports Q3 earnings of $0.35 per share, in-line with estimates. Revenues came in at $118.1 million versus the consensus of $115.94 million. Sees Q4 EPS $0.32-$0.36 below the consensus of $0.37.
The company also said it recently received a Warning Letter from the FDA relating to the FDA's March 31 to April 11, 2005 inspection of the Company's Mount Holly, NJ facility where it manufactures the Arrow Trerotola PTD Percutaneous Thrombolytic Device. The Company also received today an FDA Warning Letter relating to the FDA's December 2 to December 22, 2004 inspection of the Company's Reading, PA facility with respect to oversight of its NeoCare manufacturing operations
06/20/2005 04:10:07 PM
StreetInsider Alert for SGMS
Jun 20, 2005 (streetinsider.com via COMTEX) --SCIENTIFIC GAMES CORPORATION (Nasdaq: SGMS) announced that Michael Chambrello has been appointed president and chief operating officer of the Company. Chambrello, who has served in a variety of key roles across nearly 20 years in the lottery industry, previously served as President of GTECH Corporation (NYSE: GTK) and Executive Vice President of GTECH Holdings Corporation.
06/20/2005 04:05:10 PM
StreetInsider Alert for AMHC
Jun 20, 2005 (streetinsider.com via COMTEX) --American Healthways Inc (Nasdaq: AMHC) reported Q3 EPS of $0.24, 1 cent better than estimates. Revenues came in at $78.4 million versus the consensus of $83.60 million.
~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return
BKS JDAS SMTX OIIM COGT INGN THO (To Earlier Below)
06/20/2005 03:30:13 PM
StreetInsider Alert for BKS
Jun 20, 2005 (streetinsider.com via COMTEX) --Barnes & Noble, Inc. (NYSE: BKS) announced that pre-orders for the new J.K. Rowling book, Harry Potter and the Half-Blood Prince, total more than 750,000 at Barnes & Noble stores and at Barnes & Noble.com. The book goes on sale at the stroke of midnight, July 15th and Barnes & Noble stores nationwide will remain open past midnight to accommodate the fans that want to be the first to buy the book.
06/20/2005 03:30:13 PM
StreetInsider Alert for JDAS
Jun 20, 2005 (streetinsider.com via COMTEX) --JDA Software Group Inc. (Nasdaq: JDAS) announced the appointment of Christopher J. Koziol to the newly created position of chief operating officer.
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06/20/2005 03:15:16 PM
StreetInsider Alert for SMTX
Jun 20, 2005 (streetinsider.com via COMTEX) --SMTC Corporation (NASDAQ: SMTX) entered into an agreement with Leitch Technology International Inc., a subsidiary of Leitch Technology Corporation to provide certain manufacturing services.
06/20/2005 03:15:15 PM
StreetInsider Alert for OIIM
Jun 20, 2005 (streetinsider.com via COMTEX) --O2Micro International Limited (NASDAQ: OIIM) was granted 23 claims under United States patent number 6,879,134 for its Selector Circuit for Power Management in multiple battery systems.
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06/20/2005 02:20:12 PM
StreetInsider Alert for COGT
Jun 20, 2005 (streetinsider.com via COMTEX) --Cogent Systems (Nasdaq: COGT) announced it has received a letter of intent for a $31.75 million follow-on order to add capabilities to its Automated Fingerprint Identification Systems (AFIS) solution for the National Electoral Council (CNE) in Venezuela. The follow-on contract is for the joint development by CNE and Cogent of a completely paperless national voter registration and authentication system for an upgraded database of 24,000,000 voters. The system upgrade will include the configuration, distribution and operation of 12,000 stations nationwide as well as the hiring and training of 16,000 operators for the upcoming state and county elections scheduled for the third quarter of 2005.
06/20/2005 02:05:15 PM
StreetInsider Alert for INGN
Jun 20, 2005 (streetinsider.com via COMTEX) --Introgen Therapeutics, Inc. (Nasdaq: INGN) announced that a patent which directly covers many of the special features of its ADVEXIN molecular therapy has been awarded by the U.S. Patent and Trademark Office. The patent, U.S. Patent No. 6,905,873, is one of a family of patents that cover ADVEXIN issued to the Board of Regents of The University of Texas System and exclusively licensed to Introgen.
06/20/2005 01:25:17 PM
StreetInsider Alert for THO
Jun 20, 2005 (streetinsider.com via COMTEX) --Thor Industries, Inc. (NYSE: THO) declared a special one time dividend of 25 cents per share to stockholders of record on July 22, 2005 payable on August 5, 2005. Thor also announced that its board increased its regular quarterly dividend 66%, from 3 cents per quarter to 5 cents per quarter payable on October 4, 2005 to stockholders of record on September 16, 2005.
~~~ What To Look For ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ZION SDIX CLEC (To Earlier Below)
06/20/2005 01:20:08 PM
StreetInsider Alert for DJ:INDU
Jun 20, 2005 (streetinsider.com via COMTEX) --6/20: Streetinsider.com's Unusual 11 Afternoon Movers:
United Heritage (Nasdaq: UHCP) 112.86% HIGHER; entered into a Term Assignment pact with Dominion Resources.
Spire Corp (Nasdaq: SPIR) 42.79% HIGHER; alternative energy stocks seeing momentum on continued strength in oil prices.
Cablevision Systems Corporation (NYSE: CVC) 22.03% HIGHER; The Dolan Family Group proposed to buy the Company for about $33.50 per share in cash.
Oilgear Company, The (Nasdaq: OLGR) 14.08% LOWER; is seeing profit taking after Friday's move up.
Molecular Devices (Nasdaq: MDCC) 10.88% HIGHER; Barron's highlighted the Company.
IPSCO Inc. (NYSE: IPS) 9.33% LOWER; warned for Q2.
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) 7.86% HIGHER; the FDA has granted "fast track" status to the development of Fodosine.
Transkaryotic Therapies, Inc. (Nasdaq: TKTX) 6.81% HIGHER; announced statistically significant results for its Hunter Syndrome treatment.
Charter Comm (Nasdaq: CHTR) 6.54% HIGHER; this morning's Cablevision (NYSE: CVC) news has led traders to speculate that the Company could be the next cable firm to be taken private.
OmniVision (Nasdaq: OVTI) 6.33% LOWER; Jefferies & Co downgraded the stock.
T-3 Energy Services, Inc. (Nasdaq: TTES) 3.71% HIGHER; retained Simmons & Company International to assist the company in evaluating strategic alternatives designed to enhance shareholder value.
06/20/2005 12:15:08 PM
StreetInsider Alert for ZION
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades Zions Bancorp (Nasdaq: ZION) from 'buy' to 'neutral'.
06/20/2005 11:30:14 AM
StreetInsider Alert for SDIX
Jun 20, 2005 (streetinsider.com via COMTEX) --Strategic Diagnostics Inc. (Nasdaq: SDIX) announced that new customers for the Company's food pathogen test products have continued to drive demand while the number of product evaluations, a leading indicator of method adoption, continue to grow. In addition, the Company's new international distributor for food pathogen testing has begun to place orders for new customers and those orders have been shipped. In aggregate, domestic and international revenue related to recent orders from new customers is estimated to be in excess of $500,000 annually.
06/20/2005 10:55:16 AM
StreetInsider Alert for CLEC
Jun 20, 2005 (streetinsider.com via COMTEX) --US LEC Corp. (Nasdaq: CLEC) announced the appointment of J. Lyle Patrick as the company's Chief Financial Officer.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU UHCP RCOM TTES BEAV MCK COI PRVD (To Earlier Below)
06/20/2005 10:40:13 AM
StreetInsider Alert for DJ:INDU
Jun 20, 2005 (streetinsider.com via COMTEX) --6/20: Streetinsider.com's Unusual 8 Morning Movers:
United Heritage (Nasdaq: UHCP) 91% HIGHER; entered into a Term Assignment pact with Dominion Resources.
Cablevision Systems Corporation (NYSE: CVC) 24.93% HIGHER; The Dolan Family Group proposed to buy the Company for about $33.50 per share in cash.
Molecular Devices (Nasdaq: MDCC) 12.90% HIGHER; Barron's highlighted the Company in an article as a Roundtable member pick.
Charter Comm (Nasdaq: CHTR) 8.41% HIGHER; this morning's Cablevision (NYSE: CVC) news has led traders to speculate that the Company could be the next cable firm to be taken private.
OmniVision (Nasdaq: OVTI) 7.8% LOWER; Jefferies & Co downgrades the stock from Hold to Underperform on outlook.
IPSCO Inc. (NYSE: IPS) 5.28% LOWER; warned for Q2. In addition, RBC Capital downgraded the stock to Sector Perform.
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) 4.51% HIGHER; the FDA has granted "fast track" status to the development of Fodosine, used for the treatment of relapsed or refractory T-cell leukemia.
Oilgear Company, The (Nasdaq: OLGR) 4.47% LOWER; is seeing profit taking after Friday's 70% move up on momentum.
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06/20/2005 10:30:16 AM
StreetInsider Alert for UHCP
Jun 20, 2005 (streetinsider.com via COMTEX) --The momentum crowd finds United Heritage Corp (NASDAQ: UHCP) today, pushing the stock up 91% on volume that is already 20x normal. This morning the company announced an agreement with Dominion Resources, Inc., one of the nation?s largest energy related companies.
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06/20/2005 09:35:17 AM
StreetInsider Alert for RCOM
Jun 20, 2005 (streetinsider.com via COMTEX) --Register.com, Inc. (Nasdaq: RCOM) has rejected the proposal from RCM Acquisition to purchase the Company for $7.10 per share in cash as inadequate. Register.com also announced that David L. Moore has been appointed interim Chief Executive Officer.
06/20/2005 09:35:17 AM
StreetInsider Alert for TTES
Jun 20, 2005 (streetinsider.com via COMTEX) --T-3 Energy Services, Inc. (Nasdaq: TTES) retained Simmons & Company International to assist the company in evaluating strategic alternatives designed to enhance shareholder value. There can be no assurance that any transaction will be entered into or completed as a result of this process.
06/20/2005 09:35:16 AM
StreetInsider Alert for BEAV
Jun 20, 2005 (streetinsider.com via COMTEX) --B/E Aerospace, Inc. (Nasdaq: BEAV) raised its earnings guidance for 2006 to a range of approximately $1.00 to $1.10 per share (consensus $1.01) and reaffirmed its earnings guidance of approximately $0.50 per share for 2005.
06/20/2005 09:30:19 AM
StreetInsider Alert for MCK
Jun 20, 2005 (streetinsider.com via COMTEX) --McKesson Corporation (NYSE: MCK) signed a definitive agreement to acquire Medcon, Ltd., an Israeli company, by means of a merger, for US$3.05 per share or approximately US$105 million on a fully diluted basis. Medcon is a global provider of Web-based cardiac image and information management addressing the full spectrum of needs for heart centers, including diagnostic digital image management and archiving, procedure reporting, and workflow management.
06/20/2005 09:30:18 AM
StreetInsider Alert for COI
Jun 20, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiated coverage on Cogent Communications Group, Incorporated (AMEX: COI) with a Peer Perform rating. The firm is cautious on COI's transition to organic growth and needs to see evidence the on-net sales are gaining traction.
06/20/2005 09:30:17 AM
StreetInsider Alert for PRVD
Jun 20, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiated coverage on Provide Commerce Inc (Nasdaq: PRVD) with a Buy rating; $42.00 price target. According to the firm, Provide Commerce has proven itself adept at managing growth and profitability. A recent guidance reduction caused the company's P/E to contract significantly. They noted that the company's current NTM P/E of 24.8x is one standard deviation below its mean NTM P/E of 32.7x. In addition, the firm looks for the company to regain a P/E of 30x which should lift the shares to $36 in one year; a potential 52% gain.
~~~ Daytrade The Sharcky Way! ~~~
~~~~~~ [ Opens in a NEW WINDOW ]
SGEN STG AVII EDS NTCT AET HXL XTO WMG AMLN PDLI NTMD AIG CYTR MEDI NSI SHPGY FAF GSL CHH CBD CBON GAIT SMTC BGT BRCM DGIN TKTX MFE SFLK ASTM STNR PCOP TRB BA CL HNZ IPS IVOW PPP WLT CTX IPAR DHR GM SYNC NSE WMG SKYE DLLR KEYW AUDC TAGS ARDI XLNX LOUD OVTI CBRL CVTX BCRX ATW CGEN CVC IMCL NWN ATRS DRRX KMX CBB USPI TOMO AZN
06/20/2005 09:10:23 AM
StreetInsider Alert for SGEN
Jun 20, 2005 (streetinsider.com via COMTEX) --Seattle Genetics, Inc. (Nasdaq: SGEN) and PSMA Development Company LLC (PDC), a joint venture between Progenics Pharmaceuticals, Inc. (Nasdaq: PGNX) and Cytogen Corporation (Nasdaq: CYTO), announced today that Seattle Genetics has licensed its proprietary antibody-drug conjugate technology to PDC.
Under the terms of the multi-year agreement, PDC will pay Seattle Genetics a $2.0 million upfront fee for access to the technology for use with antibodies targeting the PSMA antigen. PDC has also agreed to make progress-dependent milestone payments and pay royalties on net sales of resulting ADC products.
06/20/2005 09:10:22 AM
StreetInsider Alert for STG
Jun 20, 2005 (streetinsider.com via COMTEX) --Stonepath Logistics (NYSE: STG) announced that it has been selected by L'OCCITANE, the top French luxury beauty company, to manage all phases of their retail distribution and logistics for 130 L'OCCITANE stores in the U.S.
06/20/2005 09:10:21 AM
StreetInsider Alert for AVII
Jun 20, 2005 (streetinsider.com via COMTEX) --AVI BioPharma, Inc. (Nasdaq: AVII) announced that the American Society for Virology (ASV) has selected seven collaborative projects between AVI BioPharma and various academic and government laboratories for presentation at the ASV 2005 annual meeting. The meeting will be held at Penn State University's University Park campus June 18-22.
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06/20/2005 09:05:20 AM
StreetInsider Alert for EDS
Jun 20, 2005 (streetinsider.com via COMTEX) --EDS (NYSE: EDS) announced the award of three federal contracts with a combined value of approximately $102 million if all extension options are exercised.
06/20/2005 09:05:19 AM
StreetInsider Alert for NTCT
Jun 20, 2005 (streetinsider.com via COMTEX) --NetScout Systems, Inc. (Nasdaq: NTCT) announced that UMB Bank is using its nGenius® Performance Management System to manage application and network performance throughout a major network upgrade for a Voice over IP (VoIP) implementation. The nGenius Solution provides UMB Bank with detailed application visibility and historical trending analysis for accurate planning of network and application rollouts, along with sophisticated troubleshooting capabilities to reduce or eliminate the risk of network and application degradations.
06/20/2005 09:05:18 AM
StreetInsider Alert for AET
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch raises its price target on UnitedHealth Group Inc (NYSE: UNH) from $52.50 to $57 and raises its price target on Aetna Inc (NYSE: AET) from $83.50 to $90, citing disciplined growth and margin expansion.
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06/20/2005 09:00:26 AM
StreetInsider Alert for HXL
Jun 20, 2005 (streetinsider.com via COMTEX) --Wedbush Morgan downgraded Hexcel Corporation (NYSE: HXL) from Buy to Hold; $18.00 price target. The firm cited valuation as basis for their downgrade. Despite achieving above trend operating margins in 1Q05 from prior year, they believe near-term margin expansion has been largely played out regarding revenue mix and lower fixed costs.
06/20/2005 09:00:26 AM
StreetInsider Alert for XTO
Jun 20, 2005 (streetinsider.com via COMTEX) --Prudential reiterates its 'overweight' ratings and its raises price targets and estimates on select E&P stocks: XTO Energy (NYSE: XTO) price target raised from $38 to $46; Devon Energy (NYSE: DVN) raised from $53 to $64; EOG Resources (NYSE: EOG) raised from $55 to $71; Occidental Petroleum (NYSE: OXY) raised from $79 to $102.
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06/20/2005 08:55:12 AM
StreetInsider Alert for WMG
Jun 20, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Warner Music Group (NYSE: WMG) with an Equal Weight rating. Goldman Started the stock In Line, and Merrill Lynch started it with a Sell.
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06/20/2005 08:50:13 AM
StreetInsider Alert for AMLN
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiated coverage on Amylin Pharmaceuticals Inc (Nasdaq: AMLN) with a Neutral rating. The firm notes that AMLN's key driver, Byetta, will face challenges in the market place and competition.
06/20/2005 08:50:12 AM
StreetInsider Alert for PDLI
Jun 20, 2005 (streetinsider.com via COMTEX) --Banc of America initiated coverage on Protein Design Labs Inc (Nasdaq: PDLI) with a Buy rating; $26.00 price target. The firm believes PDLI is undervalued as it continues to expand its royalty base and product revenues.
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06/20/2005 08:45:12 AM
StreetInsider Alert for NTMD
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiated coverage on NitroMed Inc (Nasdaq: NTMD) with a Buy rating; $25.00 price target. The firm expects BiDil approval this summer and believes the market has $1B in sales potential and is underserved.
06/20/2005 08:45:11 AM
StreetInsider Alert for AIG
Jun 20, 2005 (streetinsider.com via COMTEX) --Raymond James upgraded American International Group Inc (NYSE: AIG) from Underperform to Market Perform. The firm is upgrading the stock believing that the risk/reward has improved for AIG.
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06/20/2005 08:40:13 AM
StreetInsider Alert for CYTR
Jun 20, 2005 (streetinsider.com via COMTEX) --CytRx Corporation (Nasdaq: CYTR) submitted a reply to a request for additional information from the FDA related to the Company's investigational new drug application for arimoclomol for the treatment of amyotrophic lateral sclerosis. CytRx announced filing of the IND on May 23, 2005 and submitted the additional documents requested by the FDA last Friday. Receipt by the FDA of the Company's response will trigger a 30-day waiting period prior to trial initiation. Pending a favorable review of CytRx's response by the FDA, CytRx expects to begin this landmark Phase II trial promptly.
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06/20/2005 08:35:15 AM
StreetInsider Alert for MEDI
Jun 20, 2005 (streetinsider.com via COMTEX) --MedImmune, Inc. (Nasdaq: MEDI) and Avalon Pharmaceuticals, Inc. announced a collaboration to discover and develop small molecule therapeutic compounds in the area of inflammatory disease. Avalon will use its AvalonRx drug discovery engine to identify lead compounds. MedImmune will be responsible for preclinical and clinical testing of any resulting product candidates, as well as all future development and sales and marketing activities.
06/20/2005 08:35:14 AM
StreetInsider Alert for NSI
Jun 20, 2005 (streetinsider.com via COMTEX) --NutriSystem, Inc. (AMEX: NSI) received approval for listing its common stock on The NASDAQ National Market. NutriSystem common stock will commence trading on The NASDAQ National Market under the symbol NTRI, on Thursday, June 23, 2005.
06/20/2005 08:35:14 AM
StreetInsider Alert for SHPGY
Jun 20, 2005 (streetinsider.com via COMTEX) --Shire Pharmaceuticals Group PLC (NASDAQ: SHPGY) is 6% higher in pre-open action after its merger patner Transkaryotic Therapies, Inc. (Nasdaq: TKTX) announced statistically significant results for its Hunter Syndrome treatment. In April, Shire aggred to will pay $37 in cash for each share of TKT common stock.
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06/20/2005 08:30:18 AM
StreetInsider Alert for FAF
Jun 20, 2005 (streetinsider.com via COMTEX) --Raymond James downgraded First American Corporation, The (NYSE: FAF) from Outperform to Market Perform. The firm is downgrading FAF based on valuation.
06/20/2005 08:30:18 AM
StreetInsider Alert for GSL
Jun 20, 2005 (streetinsider.com via COMTEX) --RBC Capital Markets downgraded Global Signal Inc (NYSE: GSL) from Outperform to Sector Perform; $36.00 price target. The firm's downgrade is due to valuation.
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06/20/2005 08:25:17 AM
StreetInsider Alert for CHH
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS upgraded Choice Hotels International, Inc. (NYSE: CHH) from Reduce to Neutral. The firm is upgrading CHH as they see it delivering economic ROIC over 60% and could repurchase at least $60M of its stock in 2005 as well as pay $28M in dividends.
06/20/2005 08:25:17 AM
StreetInsider Alert for CBD
Jun 20, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded Companhia Brasiliera de Distribuicao (NYSE: CBD) from Outperform to Peer Perform. The firm notes that it appears to be deteriorating food-sector retail trends and cited the negative impact of CBD's recently announced property-lease deal.
06/20/2005 08:25:16 AM
StreetInsider Alert for CBON
Jun 20, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods upgraded Community Bancorp NV (Nasdaq: CBON) from Market Perform to Outperform; target price decreased from $30.00 to $36.00. Following management meetings, the firm is more confident in CBON's growth outlook.
06/20/2005 08:25:04 AM
StreetInsider Alert for GAIT
Jun 20, 2005 (streetinsider.com via COMTEX) --Ryan Beck initiated coverage on Langer Inc (Nasdaq: GAIT) with a Market Perform rating; $6.10 price target. According to the firm, GAIT's mgmt team has completed three significant acquisitions in little over three years, generating both horizontal and vertical integration. Each acquisition has been accretive, and they expect accretive acquisitions to remain a growth driver. Assuming accretive acquisitions can yield a considerably higher price target, the firm adds.
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06/20/2005 08:20:14 AM
StreetInsider Alert for SMTC
Jun 20, 2005 (streetinsider.com via COMTEX) --SEMTECH CORPORATION (NASDAQ: SMTC) announced plans to acquire XEMICS SA, a fabless developer of ultra-low power analog, radio frequency and digital integrated circuits, for $43 million plus up to an additional $16 million if certain performance milestones are met. Excluding some acquisition related items, Semtech expects the transaction to be neutral to its earnings initially and become accretive within two quarters.
06/20/2005 08:20:14 AM
StreetInsider Alert for BGT
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS initiated coverage on Blackrock Global Floating Rate Inco Trust (NYSE: BGT) with a Buy rating. In the firm's opinion, BGT will benefit from a stable senior loans environment.
06/20/2005 08:20:13 AM
StreetInsider Alert for BRCM
Jun 20, 2005 (streetinsider.com via COMTEX) --Broadcom Corporation (Nasdaq: BRCM) announced that the United States International Trade Commission (ITC) has commenced an investigation into whether Qualcomm Incorporated (QCOM) has engaged in unfair trade practices by importing baseband processor chips or chipsets, transmitter or receiver (radio) chips, power control chips, or products containing these items, including cellular telephone handsets, that infringe multiple Broadcom patents.
06/20/2005 08:15:12 AM
StreetInsider Alert for DGIN
Jun 20, 2005 (streetinsider.com via COMTEX) --Digital Insight Corp. (Nasdaq: DGIN) announced it has entered into a strategic alliance with CashEdge Inc. (www.cashedge.com), the leading provider of online financial applications, to become the exclusive distributor to small and mid-sized financial institutions for CashEdge's instant account opening and funding solution. The new addition to Digital Insight's robust consumer Internet Banking product portfolio, "New Account Open & Fund", enables consumers to apply for, gain approval of, and fund a new account in minutes via a financial institution's Web site. The exclusive partnership extends for a five-year term through 2010.
06/20/2005 08:15:11 AM
StreetInsider Alert for TKTX
Jun 20, 2005 (streetinsider.com via COMTEX) --Transkaryotic Therapies, Inc. (Nasdaq: TKTX) announced positive top-line results from the company's pivotal Phase III clinical trial evaluating its investigational human enzyme replacement therapy, iduronate-2-sulfatase, for the treatment of patients with Hunter syndrome. Hunter syndrome, also known as MPS II, is a rare, life-threatening genetic disorder with no available treatment. In the trial, patients who received 0.5 mg/kg of I2S on a weekly basis showed a statistically significant improvement in the primary efficacy endpoint (p=0.0049) compared to patients receiving placebo. Based on these results, TKT expects to file for regulatory approval of I2S in both the United States and Europe in the fourth quarter of 2005.
06/20/2005 08:15:10 AM
StreetInsider Alert for MFE
Jun 20, 2005 (streetinsider.com via COMTEX) --McAfee, Inc. (NYSE: MFE) announced it is adding new innovation to its best-in-class technical support offerings for users, through the company's relationship with Sento Corporation, a provider of customer support solutions. As part of this expanded relationship, McAfee is debuting Remote Assistance to its customers in EMEA. The new feature enables McAfee's technical support staff to remotely detect and remove viruses regardless of the customers' location. The unique combination of "live" chat and remote assistance functionality enable customers to interact in real-time with a customer support representative while they remotely detect and remove viruses from the consumers' computer.
06/20/2005 08:13:54 AM
StreetInsider Alert for SFLK
Jun 20, 2005 (streetinsider.com via COMTEX) --SAFLINK Corporation (Nasdaq: SFLK) announced an agreement with Microsoft Corporation (Nasdaq: MSFT) to provide a mobile security solution in support of FIPS 201 and HSPD-12 requirements related to the mobile environment. The first version of the software under the agreement has been delivered. SAFLINK developed the new software based on its NetSign(R) CAC smart card middleware specifically for use with Microsoft Windows Mobile(TM) 5.0 for Pocket PCs. The resulting product -- part of a complete mobile solution including Axcess Technology, Inc. mobile smart card readers -- allows the companies to target the public sector's overall identity protection and management initiative for mobile devices, delivering the same high level of network security and strong authentication currently used within the CAC program.
06/20/2005 08:13:53 AM
StreetInsider Alert for ASTM
Jun 20, 2005 (streetinsider.com via COMTEX) --Aastrom Biosciences, Inc. (Nasdaq: ASTM) announced today the appointment of Gerald ("Jerry") D. Brennan, Jr., JD, as Vice President Administrative and Financial Operations and Chief Financial Officer. Mr. Brennan will assume his position with the Company effective July 2, 2005, following the retirement of Alan M. Wright, Aastrom's current CFO and Senior Vice President Administrative and Financial Operations.
06/20/2005 08:13:52 AM
StreetInsider Alert for STNR
Jun 20, 2005 (streetinsider.com via COMTEX) --Steiner Leisure Limited (NASDAQ: STNR) announced the approval by its Board of Directors of a new share repurchase plan under which up to one million Steiner Leisure common shares would be purchased.
06/20/2005 08:13:52 AM
StreetInsider Alert for PCOP
Jun 20, 2005 (streetinsider.com via COMTEX) --Pharmacopeia Drug Discovery, Inc. (Nasdaq: PCOP) announced the appointment of Michio "Mich" Soga as Executive Vice President and Chief Financial Officer.
06/20/2005 08:13:47 AM
StreetInsider Alert for TRB
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Tribune Co (NYSE: TRB) from Buy to Neutral, citing decrease in ad revenues.
06/20/2005 08:13:46 AM
StreetInsider Alert for BA
Jun 20, 2005 (streetinsider.com via COMTEX) --Associated Press reports Air Canada has cancelled an order of 32 wide-body Boeing (NYSE: BA) jets worth approx. $6 billion after pilots reject a new deal.
06/20/2005 08:13:45 AM
StreetInsider Alert for CL
Jun 20, 2005 (streetinsider.com via COMTEX) --Prudential Securities upgrades Colgate-Palmolive (NYSE: CL) from Neutral to Overweight on valuation-Price target $56.
06/20/2005 08:13:44 AM
StreetInsider Alert for HNZ
Jun 20, 2005 (streetinsider.com via COMTEX) --H.J. Heinz Company (NYSE:HNZ) announced that it has signed a definitive agreement with Groupe Danone S.A. to acquire a number of leading culinary sauce brands for GBP 470 million (approximately US$855 million) in cash. The transaction includes the HP and Lea & Perrins brands and a perpetual license to market Amoy Asian sauces and products in Europe.
06/20/2005 08:13:44 AM
StreetInsider Alert for IPS
Jun 19, 2005 (streetinsider.com via COMTEX) --IPSCO Inc. (NYSE: IPS) warns for Q2; sees earnings around $2.45 per share, versus its prior guidance of $2.75 or above, and the consensus of $2.84. The company said the market for steel products generally has come under increased pricing pressure.
06/20/2005 08:13:43 AM
StreetInsider Alert for IVOW
Jun 19, 2005 (streetinsider.com via COMTEX) --iVOW, Inc. (Nasdaq: IVOW) received commitments from a group of institutional and accredited investors to participate in a private placement of the Company's common stock and warrants. Dawson James Securities is acting as the exclusive financial advisor to, and as sole placement agent for, iVOW. The commitments cover the sale of 7.3 million Units for aggregate gross proceeds of approximately $2.2 million. Each Unit consists of one share of common stock and a warrant to purchase one share of common stock.
06/20/2005 08:13:42 AM
StreetInsider Alert for PPP
Jun 19, 2005 (streetinsider.com via COMTEX) --Pogo Producing Company (NYSE: PPP) to sell its Thailand assets to PTTEP Offshore Investment Company Limited and Mitsui Oil Exploration Co., Ltd., in a transaction totaling $820 million in cash. The transaction is expected to close in the third quarter of 2005, subject to customary closing conditions.
06/20/2005 08:13:42 AM
StreetInsider Alert for WLT
Jun 19, 2005 (streetinsider.com via COMTEX) --Mueller Water Products, Inc. said its board of directors and the board of directors of Walter Industries, Inc. (NYSE: WLT) have unanimously approved, and the companies have executed, a definitive agreement whereby Walter Industries will acquire the Company. The aggregate purchase price is approximately $1.91 billion, consisting of approximately $860 million in cash and the assumption of approximately $1.05 billion in Company debt.
06/20/2005 08:13:41 AM
StreetInsider Alert for CTX
Jun 19, 2005 (streetinsider.com via COMTEX) --Centex Corporation (NYSE: CTX) is exploring various strategic alternatives regarding its United Kingdom Home Building Group which operates under the name of Fairclough Homes, including a possible sale. Centex has retained Merrill Lynch and Co. to assist in this effort.
06/20/2005 08:13:20 AM
StreetInsider Alert for IPAR
Jun 20, 2005 (streetinsider.com via COMTEX) --Oppenheimer downgrades Inter Parfums (Nasdaq: IPAR) from 'buy' to 'neutral'.
06/20/2005 08:13:20 AM
StreetInsider Alert for DHR
Jun 20, 2005 (streetinsider.com via COMTEX) --Danaher Corporation (NYSE: DHR) announced that it has signed a definitive agreement to acquire Pelton & Crane, a leading provider of dental equipment, for approximately $85 million in cash including transaction costs and net of cash acquired. With primary operations in Charlotte, North Carolina and Newberg, Oregon, Pelton & Crane manufactures and sells a broad range of dental equipment, including treatment units, lights, sterilizers and cabinetry for dental professionals. With revenues of approximately $80 million in 2004, Pelton & Crane is expected to become a part of Danaher's Medical Technology platform. The company expects minimal earnings per share accretion in 2005. The acquisition remains subject to regulatory approval and other customary closing conditions and is expected to close in the third quarter of 2005.
06/20/2005 08:12:58 AM
StreetInsider Alert for GM
Jun 20, 2005 (streetinsider.com via COMTEX) --Banc of America upgrades General Motors (NYSE: GM) and Ford Motors (NYSE: F) from 'sell' to 'neutral' and upgrades their Auto Industry weight from 'underweight' to 'neutral'.
06/20/2005 08:12:58 AM
StreetInsider Alert for SYNC
Jun 20, 2005 (streetinsider.com via COMTEX) --Intellisync Corporation (Nasdaq: SYNC) announced the launch of Intellisync Wireless Email Express, which the company says is one of the fastest and simplest ways to "have a BlackBerry-like (NASDAQ: RIMM) experience for wireless email on virtually any data-enabled mobile device."
The company said the new Intellisync Wireless Email Express product is available now through Ingram Micro (NYSE: IM), Global Wireless Data, and Trio Tek.
06/20/2005 08:12:57 AM
StreetInsider Alert for NSE
Jun 20, 2005 (streetinsider.com via COMTEX) --Wachovia initiates coverage on recent IPO New Skies Satellites (NYSE: NSE) started with an 'outperform' rating and valuation range of $21-$23.
06/20/2005 08:12:56 AM
StreetInsider Alert for WMG
Jun 20, 2005 (streetinsider.com via COMTEX) --Banc of America initiates coverage on recent IPO Warner Music Group (NYSE: WMG) with a 'buy' rating and $20 price target.
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06/20/2005 08:12:55 AM
StreetInsider Alert for SKYE
Jun 20, 2005 (streetinsider.com via COMTEX) --SkyePharma PLC (Nasdaq: SKYE) said the German pharmaceutical regulatory authority has approved FORADIL CERTIHALER for the treatment of asthma and chronic obstructive pulmonary disease.
06/20/2005 08:12:54 AM
StreetInsider Alert for DLLR
Jun 20, 2005 (streetinsider.com via COMTEX) --Piper Jaffray assumes coverage of Dollar Financial Corp (NASDAQ: DLLR) with an 'outperform' rating and $15 price target, saying the stock trades at a 30% discount to peer group on P/E and economic value to EBITDA basis.
06/20/2005 08:12:54 AM
StreetInsider Alert for KEYW
Jun 20, 2005 (streetinsider.com via COMTEX) --Essex Corporation (Nasdaq: KEYW) filed a shelf registration with the SEC which will allow Essex to issue up to $100 million in shares of common stock from time to time on a delayed or continuous basis.
06/20/2005 08:12:53 AM
StreetInsider Alert for AUDC
Jun 20, 2005 (streetinsider.com via COMTEX) --Smith Barney initiates coverage on AudioCodes Ltd (NASDAQ: AUDC) with a 'buy' rating and $14.50 price target.
06/20/2005 08:12:53 AM
StreetInsider Alert for TAGS
Jun 20, 2005 (streetinsider.com via COMTEX) --Tarrant Apparel Group (Nasdaq: TAGS) announced it has mutually agreed with Qorus.com, Inc. to terminate the Letter of Intent previously entered into on April 25, 2005.
Under the previously announced Letter of Intent, Qorus was to acquire Tarrant Apparel's Private Brands subsidiary in exchange for Qorus' convertible preferred stock in such amount so that, immediately after giving effect to the acquisition, the Company would have owned in the aggregate 97% of Qorus' issued and outstanding shares of common stock on a fully diluted and as-converted basis.
06/20/2005 08:12:52 AM
StreetInsider Alert for ARDI
Jun 20, 2005 (streetinsider.com via COMTEX) --@Road, Inc. (Nasdaq: ARDI) announced that Michael Martini has joined the Company as Senior Vice President of Finance and Chief Financial Officer effective immediately.
______
Awaiting Data This Morning: We apologize for any inconvenience. - D. Fisher, Editor
06/20/2005 08:12:51 AM
StreetInsider Alert for XLNX
Jun 20, 2005 (streetinsider.com via COMTEX) --Xilinx (Nasdaq: XLNX) and Nu Horizons Electronics (Nasdaq: NUHC) announced the expansion of their North American partnership agreement with the addition of eight states.
06/20/2005 08:12:51 AM
StreetInsider Alert for LOUD
Jun 20, 2005 (streetinsider.com via COMTEX) --Loudeye Corp. (Nasdaq: LOUD) announced that it has been granted U.S. Patent Number 6,873,877 B1 entitled Distributed Production System for Digitally Encoding Information. The patent covers, among other things, a method and system for encoding digital information.
06/20/2005 08:12:50 AM
StreetInsider Alert for OVTI
Jun 20, 2005 (streetinsider.com via COMTEX) --Jefferies & Co downgrades OmniVision (Nasdaq: OVTI) from Hold to Underperform on outlook.
06/20/2005 08:12:50 AM
StreetInsider Alert for CBRL
Jun 20, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades CBRL Group (Nasdaq: CBRL) from Neutral to Overweight after recent meetings with management.
06/20/2005 08:12:49 AM
StreetInsider Alert for CVTX
Jun 20, 2005 (streetinsider.com via COMTEX) --Solvay Pharmaceuticals and CV Therapeutics (Nasdaq: CVTX) announced that the U.S. Food and Drug Administration (FDA) has informed Solvay Pharmaceuticals that the FDA has extended the Prescription Drug User Fee Act date for the ACEON Tablets supplemental new drug application by 90 days, and the PDUFA date is now September 10, 2005. The purpose of the extension is to allow time for additional clinical site audit activities at certain EUROPA study sites.
06/20/2005 08:12:48 AM
StreetInsider Alert for BCRX
Jun 20, 2005 (streetinsider.com via COMTEX) --BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) said the FDA has granted "fast track" status to the development of Fodosine(, for the treatment of relapsed or refractory T-cell leukemia. Fodosine is a transition state analog inhibitor with especially strong binding to the target enzyme. Currently being studied in a Phase IIa clinical trial, Fodosine is BioCryst's lead product candidate.
06/20/2005 08:12:48 AM
StreetInsider Alert for ATW
Jun 20, 2005 (streetinsider.com via COMTEX) --Raymond James downgrades Atwood Oceanics (NYSE: ATW) from Strong Buy to Outperform on risk to Q3 earnings.
06/20/2005 08:12:47 AM
StreetInsider Alert for CGEN
Jun 20, 2005 (streetinsider.com via COMTEX) --Compugen Ltd. (Nasdaq:CGEN) and Biosite Inc (Nasdaq: BSTE) announced a collaboration for the development and commercialization of diagnostic products. Under the agreement, Biosite is licensed to develop and commercialize immunoassay based diagnostic products using novel biomarkers discovered by Compugen.
06/20/2005 08:12:44 AM
StreetInsider Alert for CVC
Jun 20, 2005 (streetinsider.com via COMTEX) --The Dolan Family Group, today announced that they have proposed to acquire the cable and telecommunications businesses of Cablevision Systems Corporation (NYSE: CVC). Under the proposed transaction, transmitted yesterday in a letter to the Cablevision Board of Directors, Rainbow Media Holdings would also be spun off to all Cablevision shareholders on a pro rata basis. Concurrent with the spin-off of Rainbow, with an estimated value of $12.50 per share, the public shareholders of Cablevision would receive $21.00 per share in cash in connection with a merger of Cablevision with an entity owned by the Dolan Family Group. The transaction delivers an estimated value of $33.50 per share or an aggregate of $7.9 billion to public shareholders, and implies an enterprise value for the company's telecom and cable businesses of $13.6 billion.
06/20/2005 08:12:44 AM
StreetInsider Alert for IMCL
Jun 20, 2005 (streetinsider.com via COMTEX) --ImClone Systems Incorporated (NASDAQ: IMCL) said, following discussions with the FDA, it intends to submit a supplemental Biologics License Application to seek approval for use of Erbitux in combination with radiation and as a single agent in Squamous Cell Carcinoma of the Head and Neck in the third quarter of 2005.
06/20/2005 08:12:43 AM
StreetInsider Alert for NWN
Jun 20, 2005 (streetinsider.com via COMTEX) --A.G. Edwards downgrades Northwest Natural Gas (NYSE: NWN) from Buy to Hold on valuation.
06/20/2005 08:12:43 AM
StreetInsider Alert for ATRS
Jun 20, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Altiris (Nasdaq: ATRS) from Neutral to Underweight on lower revenue outlook.
06/20/2005 08:12:42 AM
StreetInsider Alert for DRRX
Jun 20, 2005 (streetinsider.com via COMTEX) --DURECT Corp (Nasdaq: DRRX) announced positive preliminary results from the second cohort of an on-going Phase II clinical study in hernia patients for DURECT's post-operative pain relief depot product candidate, SABER(TM)-Bupivacaine. SABER-Bupivacaine is based on DURECT's patented SABER delivery technology and is intended to be administered around the surgical site after surgery to provide 3 days or more of regional pain relief.
06/20/2005 08:12:41 AM
StreetInsider Alert for KMX
Jun 20, 2005 (streetinsider.com via COMTEX) --CarMax (NYSE: KMX) reports Q1 earnings of $0.37 per share, 1 cent better than estimates. Q1 revenues were $1.58 billion, higher than analysts estimates of $1.55 billion. KMX sees Q2 earnings between $0.29-0.34 per share, in-line with analysts estimates of $0.34.
06/20/2005 08:12:41 AM
StreetInsider Alert for CBB
Jun 20, 2005 (streetinsider.com via COMTEX) --Deutsche Bank downgrades Cincinnati Bell (NYSE: CBB) from Buy to Hold on valuation.
06/20/2005 08:12:40 AM
StreetInsider Alert for USPI
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades United Surgical Partners (Nasdaq: USPI) from Buy to Neutral on valuation.
06/20/2005 08:12:40 AM
StreetInsider Alert for TOMO
Jun 20, 2005 (streetinsider.com via COMTEX) --TOM Online Inc. (Nasdaq: TOMO) and Warner Bros. Online today announced a strategic partnership whereby TOM Online, a leading wireless Internet company in China, will be the sole wireless and the premier Internet distribution partner for Warner Bros. Online in China
06/20/2005 08:12:39 AM
StreetInsider Alert for AZN
Jun 20, 2005 (streetinsider.com via COMTEX) --AstraZeneca (NYSE: AZN) announced that after discussions with the U.S. Food and Drug Administration (FDA), the company is making a labeling change to IRESSA. Based on the FDA's assessment of currently available data, including the lack of survival benefit in the Phase III Trial 709 comparing IRESSA to placebo in advanced recurrent non-small-cell lung cancer, and the availability of other treatment options in the United States that do prolong life, the revised label indicates that IRESSA is only to be used in patients who have previously taken IRESSA and are benefiting or have benefited from IRESSA.
____________
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By StreetInsider.com, Investing-News.Com
Jun 20, 2005, 18:57
http://www.investing-news.com/artman/publish/article_961.shtml
MTG PENN CPC DJ:INDU BMET DRI HOTT ARRO SGMS AMHC (To Earlier Below)
06/20/2005 05:25:11 PM
StreetInsider Alert for MTG
Jun 20, 2005 (streetinsider.com via COMTEX) --MGIC Investment Corporation (NYSE: MTG) authorized the repurchase of up to 5 million shares of the Company's Common Stock. The 5 million shares are in addition to approximately 462,000 shares remaining from a repurchase program authorized in May 2003.
06/20/2005 04:55:24 PM
StreetInsider Alert for PENN
Jun 20, 2005 (streetinsider.com via COMTEX) --Penn National Gaming, Inc. (Nasdaq: PENN) entered into an agreement with a subsidiary of Columbia Sussex Corporation whereby immediately subsequent to the completion of the merger of Penn National and Argosy Gaming Company (NYSE: AGY), Argosy Gaming Company and the Columbia Sussex unit will execute a securities purchase agreement. Under the securities purchase agreement, the Columbia Sussex unit will purchase the Argosy Casino-Baton Rouge casino property from Argosy Gaming Company (which would then be a wholly owned subsidiary of Penn National) for $150 million in cash.
06/20/2005 04:50:09 PM
StreetInsider Alert for CPC
Jun 20, 2005 (streetinsider.com via COMTEX) --Central Parking Corporation (NYSE: CPC) terminated discussions regarding the potential sale of the Company. The Company expects to continue to review alternatives designed to enhance shareholder return, including a share repurchase program, changes in its dividend policy and other changes in the capitalization of the Company.
06/20/2005 04:45:14 PM
StreetInsider Alert for DJ:INDU
Jun 20, 2005 (streetinsider.com via COMTEX) --The Dow finished 13.96 points lower to close at 10,609, the Nasdaq fell 1.98 points to close at 2,088, and the S&P 500 lost .86 points to close at 1,216. The markets closed out the trading session in the red today as leading indicators declined in May and oil prices reached all-time highs. Volume was light with 1.68 billion shares trading on the NYSE and 1.41 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 20:13 on the NYSE and by a margin of 18:13 on the Nasdaq.
In individual stories, United Heritage (Nasdaq: UHCP) closed 64.57% higher after entering into a Term Assignment pact with Dominion Resources. On the downside, Oilgear Company, The (Nasdaq: OLGR) closed 16.62% lower from profit taking after Friday's 70% move up on momentum.
There is no economic data due to hit the wires tomorrow.
06/20/2005 04:40:20 PM
StreetInsider Alert for BMET
Jun 20, 2005 (streetinsider.com via COMTEX) --Biomet, Inc. (NASDAQ: BMET) warns for Q4; expects sales for the fourth quarter ended May 31, 2005 to be $503 million, earnings per share to be in the range of $0.39 to $0.41 and adjusted earnings per share to be in a range of $0.40 to $0.42 (consensus is $520.23M and $0.44)
06/20/2005 04:40:20 PM
StreetInsider Alert for DRI
Jun 20, 2005 (streetinsider.com via COMTEX) --Darden Restaurants Inc (NYSE: DRI) reported Q4 EPS of $0.52, 1 cent better than estimates. Revenues came in at $1.39 billion versus the consensus of $1.39 billion.
06/20/2005 04:35:17 PM
StreetInsider Alert for HOTT
Jun 20, 2005 (streetinsider.com via COMTEX) --Hot Topic, Inc. (Nasdaq: HOTT) warns for Q2; the company said comparable store sales month-to-date through June 20, 2005, have decreased approximately 4 percent from the same period last year. As a result, the company currently expects total sales for the second quarter of 2005, ending July 30, 2005, to be in the range of $155 million to $158 million. Based on this sales assumption, the company currently estimates that second quarter net income will be in the range of $0.07 to $0.09 per diluted share (consensus is $164.93M and $0.12)
06/20/2005 04:20:14 PM
StreetInsider Alert for ARRO
Jun 20, 2005 (streetinsider.com via COMTEX) --Arrow International (NASDAQ: ARRO) reports Q3 earnings of $0.35 per share, in-line with estimates. Revenues came in at $118.1 million versus the consensus of $115.94 million. Sees Q4 EPS $0.32-$0.36 below the consensus of $0.37.
The company also said it recently received a Warning Letter from the FDA relating to the FDA's March 31 to April 11, 2005 inspection of the Company's Mount Holly, NJ facility where it manufactures the Arrow Trerotola PTD Percutaneous Thrombolytic Device. The Company also received today an FDA Warning Letter relating to the FDA's December 2 to December 22, 2004 inspection of the Company's Reading, PA facility with respect to oversight of its NeoCare manufacturing operations
06/20/2005 04:10:07 PM
StreetInsider Alert for SGMS
Jun 20, 2005 (streetinsider.com via COMTEX) --SCIENTIFIC GAMES CORPORATION (Nasdaq: SGMS) announced that Michael Chambrello has been appointed president and chief operating officer of the Company. Chambrello, who has served in a variety of key roles across nearly 20 years in the lottery industry, previously served as President of GTECH Corporation (NYSE: GTK) and Executive Vice President of GTECH Holdings Corporation.
06/20/2005 04:05:10 PM
StreetInsider Alert for AMHC
Jun 20, 2005 (streetinsider.com via COMTEX) --American Healthways Inc (Nasdaq: AMHC) reported Q3 EPS of $0.24, 1 cent better than estimates. Revenues came in at $78.4 million versus the consensus of $83.60 million.
~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return
BKS JDAS SMTX OIIM COGT INGN THO (To Earlier Below)
06/20/2005 03:30:13 PM
StreetInsider Alert for BKS
Jun 20, 2005 (streetinsider.com via COMTEX) --Barnes & Noble, Inc. (NYSE: BKS) announced that pre-orders for the new J.K. Rowling book, Harry Potter and the Half-Blood Prince, total more than 750,000 at Barnes & Noble stores and at Barnes & Noble.com. The book goes on sale at the stroke of midnight, July 15th and Barnes & Noble stores nationwide will remain open past midnight to accommodate the fans that want to be the first to buy the book.
06/20/2005 03:30:13 PM
StreetInsider Alert for JDAS
Jun 20, 2005 (streetinsider.com via COMTEX) --JDA Software Group Inc. (Nasdaq: JDAS) announced the appointment of Christopher J. Koziol to the newly created position of chief operating officer.
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06/20/2005 03:15:16 PM
StreetInsider Alert for SMTX
Jun 20, 2005 (streetinsider.com via COMTEX) --SMTC Corporation (NASDAQ: SMTX) entered into an agreement with Leitch Technology International Inc., a subsidiary of Leitch Technology Corporation to provide certain manufacturing services.
06/20/2005 03:15:15 PM
StreetInsider Alert for OIIM
Jun 20, 2005 (streetinsider.com via COMTEX) --O2Micro International Limited (NASDAQ: OIIM) was granted 23 claims under United States patent number 6,879,134 for its Selector Circuit for Power Management in multiple battery systems.
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06/20/2005 02:20:12 PM
StreetInsider Alert for COGT
Jun 20, 2005 (streetinsider.com via COMTEX) --Cogent Systems (Nasdaq: COGT) announced it has received a letter of intent for a $31.75 million follow-on order to add capabilities to its Automated Fingerprint Identification Systems (AFIS) solution for the National Electoral Council (CNE) in Venezuela. The follow-on contract is for the joint development by CNE and Cogent of a completely paperless national voter registration and authentication system for an upgraded database of 24,000,000 voters. The system upgrade will include the configuration, distribution and operation of 12,000 stations nationwide as well as the hiring and training of 16,000 operators for the upcoming state and county elections scheduled for the third quarter of 2005.
06/20/2005 02:05:15 PM
StreetInsider Alert for INGN
Jun 20, 2005 (streetinsider.com via COMTEX) --Introgen Therapeutics, Inc. (Nasdaq: INGN) announced that a patent which directly covers many of the special features of its ADVEXIN molecular therapy has been awarded by the U.S. Patent and Trademark Office. The patent, U.S. Patent No. 6,905,873, is one of a family of patents that cover ADVEXIN issued to the Board of Regents of The University of Texas System and exclusively licensed to Introgen.
06/20/2005 01:25:17 PM
StreetInsider Alert for THO
Jun 20, 2005 (streetinsider.com via COMTEX) --Thor Industries, Inc. (NYSE: THO) declared a special one time dividend of 25 cents per share to stockholders of record on July 22, 2005 payable on August 5, 2005. Thor also announced that its board increased its regular quarterly dividend 66%, from 3 cents per quarter to 5 cents per quarter payable on October 4, 2005 to stockholders of record on September 16, 2005.
~~~ What To Look For ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ZION SDIX CLEC (To Earlier Below)
06/20/2005 01:20:08 PM
StreetInsider Alert for DJ:INDU
Jun 20, 2005 (streetinsider.com via COMTEX) --6/20: Streetinsider.com's Unusual 11 Afternoon Movers:
United Heritage (Nasdaq: UHCP) 112.86% HIGHER; entered into a Term Assignment pact with Dominion Resources.
Spire Corp (Nasdaq: SPIR) 42.79% HIGHER; alternative energy stocks seeing momentum on continued strength in oil prices.
Cablevision Systems Corporation (NYSE: CVC) 22.03% HIGHER; The Dolan Family Group proposed to buy the Company for about $33.50 per share in cash.
Oilgear Company, The (Nasdaq: OLGR) 14.08% LOWER; is seeing profit taking after Friday's move up.
Molecular Devices (Nasdaq: MDCC) 10.88% HIGHER; Barron's highlighted the Company.
IPSCO Inc. (NYSE: IPS) 9.33% LOWER; warned for Q2.
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) 7.86% HIGHER; the FDA has granted "fast track" status to the development of Fodosine.
Transkaryotic Therapies, Inc. (Nasdaq: TKTX) 6.81% HIGHER; announced statistically significant results for its Hunter Syndrome treatment.
Charter Comm (Nasdaq: CHTR) 6.54% HIGHER; this morning's Cablevision (NYSE: CVC) news has led traders to speculate that the Company could be the next cable firm to be taken private.
OmniVision (Nasdaq: OVTI) 6.33% LOWER; Jefferies & Co downgraded the stock.
T-3 Energy Services, Inc. (Nasdaq: TTES) 3.71% HIGHER; retained Simmons & Company International to assist the company in evaluating strategic alternatives designed to enhance shareholder value.
06/20/2005 12:15:08 PM
StreetInsider Alert for ZION
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades Zions Bancorp (Nasdaq: ZION) from 'buy' to 'neutral'.
06/20/2005 11:30:14 AM
StreetInsider Alert for SDIX
Jun 20, 2005 (streetinsider.com via COMTEX) --Strategic Diagnostics Inc. (Nasdaq: SDIX) announced that new customers for the Company's food pathogen test products have continued to drive demand while the number of product evaluations, a leading indicator of method adoption, continue to grow. In addition, the Company's new international distributor for food pathogen testing has begun to place orders for new customers and those orders have been shipped. In aggregate, domestic and international revenue related to recent orders from new customers is estimated to be in excess of $500,000 annually.
06/20/2005 10:55:16 AM
StreetInsider Alert for CLEC
Jun 20, 2005 (streetinsider.com via COMTEX) --US LEC Corp. (Nasdaq: CLEC) announced the appointment of J. Lyle Patrick as the company's Chief Financial Officer.
~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU UHCP RCOM TTES BEAV MCK COI PRVD (To Earlier Below)
06/20/2005 10:40:13 AM
StreetInsider Alert for DJ:INDU
Jun 20, 2005 (streetinsider.com via COMTEX) --6/20: Streetinsider.com's Unusual 8 Morning Movers:
United Heritage (Nasdaq: UHCP) 91% HIGHER; entered into a Term Assignment pact with Dominion Resources.
Cablevision Systems Corporation (NYSE: CVC) 24.93% HIGHER; The Dolan Family Group proposed to buy the Company for about $33.50 per share in cash.
Molecular Devices (Nasdaq: MDCC) 12.90% HIGHER; Barron's highlighted the Company in an article as a Roundtable member pick.
Charter Comm (Nasdaq: CHTR) 8.41% HIGHER; this morning's Cablevision (NYSE: CVC) news has led traders to speculate that the Company could be the next cable firm to be taken private.
OmniVision (Nasdaq: OVTI) 7.8% LOWER; Jefferies & Co downgrades the stock from Hold to Underperform on outlook.
IPSCO Inc. (NYSE: IPS) 5.28% LOWER; warned for Q2. In addition, RBC Capital downgraded the stock to Sector Perform.
BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) 4.51% HIGHER; the FDA has granted "fast track" status to the development of Fodosine, used for the treatment of relapsed or refractory T-cell leukemia.
Oilgear Company, The (Nasdaq: OLGR) 4.47% LOWER; is seeing profit taking after Friday's 70% move up on momentum.
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06/20/2005 10:30:16 AM
StreetInsider Alert for UHCP
Jun 20, 2005 (streetinsider.com via COMTEX) --The momentum crowd finds United Heritage Corp (NASDAQ: UHCP) today, pushing the stock up 91% on volume that is already 20x normal. This morning the company announced an agreement with Dominion Resources, Inc., one of the nation?s largest energy related companies.
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06/20/2005 09:35:17 AM
StreetInsider Alert for RCOM
Jun 20, 2005 (streetinsider.com via COMTEX) --Register.com, Inc. (Nasdaq: RCOM) has rejected the proposal from RCM Acquisition to purchase the Company for $7.10 per share in cash as inadequate. Register.com also announced that David L. Moore has been appointed interim Chief Executive Officer.
06/20/2005 09:35:17 AM
StreetInsider Alert for TTES
Jun 20, 2005 (streetinsider.com via COMTEX) --T-3 Energy Services, Inc. (Nasdaq: TTES) retained Simmons & Company International to assist the company in evaluating strategic alternatives designed to enhance shareholder value. There can be no assurance that any transaction will be entered into or completed as a result of this process.
06/20/2005 09:35:16 AM
StreetInsider Alert for BEAV
Jun 20, 2005 (streetinsider.com via COMTEX) --B/E Aerospace, Inc. (Nasdaq: BEAV) raised its earnings guidance for 2006 to a range of approximately $1.00 to $1.10 per share (consensus $1.01) and reaffirmed its earnings guidance of approximately $0.50 per share for 2005.
06/20/2005 09:30:19 AM
StreetInsider Alert for MCK
Jun 20, 2005 (streetinsider.com via COMTEX) --McKesson Corporation (NYSE: MCK) signed a definitive agreement to acquire Medcon, Ltd., an Israeli company, by means of a merger, for US$3.05 per share or approximately US$105 million on a fully diluted basis. Medcon is a global provider of Web-based cardiac image and information management addressing the full spectrum of needs for heart centers, including diagnostic digital image management and archiving, procedure reporting, and workflow management.
06/20/2005 09:30:18 AM
StreetInsider Alert for COI
Jun 20, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiated coverage on Cogent Communications Group, Incorporated (AMEX: COI) with a Peer Perform rating. The firm is cautious on COI's transition to organic growth and needs to see evidence the on-net sales are gaining traction.
06/20/2005 09:30:17 AM
StreetInsider Alert for PRVD
Jun 20, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiated coverage on Provide Commerce Inc (Nasdaq: PRVD) with a Buy rating; $42.00 price target. According to the firm, Provide Commerce has proven itself adept at managing growth and profitability. A recent guidance reduction caused the company's P/E to contract significantly. They noted that the company's current NTM P/E of 24.8x is one standard deviation below its mean NTM P/E of 32.7x. In addition, the firm looks for the company to regain a P/E of 30x which should lift the shares to $36 in one year; a potential 52% gain.
~~~ Daytrade The Sharcky Way! ~~~
~~~~~~ [ Opens in a NEW WINDOW ]
SGEN STG AVII EDS NTCT AET HXL XTO WMG AMLN PDLI NTMD AIG CYTR MEDI NSI SHPGY FAF GSL CHH CBD CBON GAIT SMTC BGT BRCM DGIN TKTX MFE SFLK ASTM STNR PCOP TRB BA CL HNZ IPS IVOW PPP WLT CTX IPAR DHR GM SYNC NSE WMG SKYE DLLR KEYW AUDC TAGS ARDI XLNX LOUD OVTI CBRL CVTX BCRX ATW CGEN CVC IMCL NWN ATRS DRRX KMX CBB USPI TOMO AZN
06/20/2005 09:10:23 AM
StreetInsider Alert for SGEN
Jun 20, 2005 (streetinsider.com via COMTEX) --Seattle Genetics, Inc. (Nasdaq: SGEN) and PSMA Development Company LLC (PDC), a joint venture between Progenics Pharmaceuticals, Inc. (Nasdaq: PGNX) and Cytogen Corporation (Nasdaq: CYTO), announced today that Seattle Genetics has licensed its proprietary antibody-drug conjugate technology to PDC.
Under the terms of the multi-year agreement, PDC will pay Seattle Genetics a $2.0 million upfront fee for access to the technology for use with antibodies targeting the PSMA antigen. PDC has also agreed to make progress-dependent milestone payments and pay royalties on net sales of resulting ADC products.
06/20/2005 09:10:22 AM
StreetInsider Alert for STG
Jun 20, 2005 (streetinsider.com via COMTEX) --Stonepath Logistics (NYSE: STG) announced that it has been selected by L'OCCITANE, the top French luxury beauty company, to manage all phases of their retail distribution and logistics for 130 L'OCCITANE stores in the U.S.
06/20/2005 09:10:21 AM
StreetInsider Alert for AVII
Jun 20, 2005 (streetinsider.com via COMTEX) --AVI BioPharma, Inc. (Nasdaq: AVII) announced that the American Society for Virology (ASV) has selected seven collaborative projects between AVI BioPharma and various academic and government laboratories for presentation at the ASV 2005 annual meeting. The meeting will be held at Penn State University's University Park campus June 18-22.
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06/20/2005 09:05:20 AM
StreetInsider Alert for EDS
Jun 20, 2005 (streetinsider.com via COMTEX) --EDS (NYSE: EDS) announced the award of three federal contracts with a combined value of approximately $102 million if all extension options are exercised.
06/20/2005 09:05:19 AM
StreetInsider Alert for NTCT
Jun 20, 2005 (streetinsider.com via COMTEX) --NetScout Systems, Inc. (Nasdaq: NTCT) announced that UMB Bank is using its nGenius® Performance Management System to manage application and network performance throughout a major network upgrade for a Voice over IP (VoIP) implementation. The nGenius Solution provides UMB Bank with detailed application visibility and historical trending analysis for accurate planning of network and application rollouts, along with sophisticated troubleshooting capabilities to reduce or eliminate the risk of network and application degradations.
06/20/2005 09:05:18 AM
StreetInsider Alert for AET
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch raises its price target on UnitedHealth Group Inc (NYSE: UNH) from $52.50 to $57 and raises its price target on Aetna Inc (NYSE: AET) from $83.50 to $90, citing disciplined growth and margin expansion.
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06/20/2005 09:00:26 AM
StreetInsider Alert for HXL
Jun 20, 2005 (streetinsider.com via COMTEX) --Wedbush Morgan downgraded Hexcel Corporation (NYSE: HXL) from Buy to Hold; $18.00 price target. The firm cited valuation as basis for their downgrade. Despite achieving above trend operating margins in 1Q05 from prior year, they believe near-term margin expansion has been largely played out regarding revenue mix and lower fixed costs.
06/20/2005 09:00:26 AM
StreetInsider Alert for XTO
Jun 20, 2005 (streetinsider.com via COMTEX) --Prudential reiterates its 'overweight' ratings and its raises price targets and estimates on select E&P stocks: XTO Energy (NYSE: XTO) price target raised from $38 to $46; Devon Energy (NYSE: DVN) raised from $53 to $64; EOG Resources (NYSE: EOG) raised from $55 to $71; Occidental Petroleum (NYSE: OXY) raised from $79 to $102.
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06/20/2005 08:55:12 AM
StreetInsider Alert for WMG
Jun 20, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Warner Music Group (NYSE: WMG) with an Equal Weight rating. Goldman Started the stock In Line, and Merrill Lynch started it with a Sell.
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06/20/2005 08:50:13 AM
StreetInsider Alert for AMLN
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiated coverage on Amylin Pharmaceuticals Inc (Nasdaq: AMLN) with a Neutral rating. The firm notes that AMLN's key driver, Byetta, will face challenges in the market place and competition.
06/20/2005 08:50:12 AM
StreetInsider Alert for PDLI
Jun 20, 2005 (streetinsider.com via COMTEX) --Banc of America initiated coverage on Protein Design Labs Inc (Nasdaq: PDLI) with a Buy rating; $26.00 price target. The firm believes PDLI is undervalued as it continues to expand its royalty base and product revenues.
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06/20/2005 08:45:12 AM
StreetInsider Alert for NTMD
Jun 20, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiated coverage on NitroMed Inc (Nasdaq: NTMD) with a Buy rating; $25.00 price target. The firm expects BiDil approval this summer and believes the market has $1B in sales potential and is underserved.
06/20/2005 08:45:11 AM
StreetInsider Alert for AIG
Jun 20, 2005 (streetinsider.com via COMTEX) --Raymond James upgraded American International Group Inc (NYSE: AIG) from Underperform to Market Perform. The firm is upgrading the stock believing that the risk/reward has improved for AIG.
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06/20/2005 08:40:13 AM
StreetInsider Alert for CYTR
Jun 20, 2005 (streetinsider.com via COMTEX) --CytRx Corporation (Nasdaq: CYTR) submitted a reply to a request for additional information from the FDA related to the Company's investigational new drug application for arimoclomol for the treatment of amyotrophic lateral sclerosis. CytRx announced filing of the IND on May 23, 2005 and submitted the additional documents requested by the FDA last Friday. Receipt by the FDA of the Company's response will trigger a 30-day waiting period prior to trial initiation. Pending a favorable review of CytRx's response by the FDA, CytRx expects to begin this landmark Phase II trial promptly.
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06/20/2005 08:35:15 AM
StreetInsider Alert for MEDI
Jun 20, 2005 (streetinsider.com via COMTEX) --MedImmune, Inc. (Nasdaq: MEDI) and Avalon Pharmaceuticals, Inc. announced a collaboration to discover and develop small molecule therapeutic compounds in the area of inflammatory disease. Avalon will use its AvalonRx drug discovery engine to identify lead compounds. MedImmune will be responsible for preclinical and clinical testing of any resulting product candidates, as well as all future development and sales and marketing activities.
06/20/2005 08:35:14 AM
StreetInsider Alert for NSI
Jun 20, 2005 (streetinsider.com via COMTEX) --NutriSystem, Inc. (AMEX: NSI) received approval for listing its common stock on The NASDAQ National Market. NutriSystem common stock will commence trading on The NASDAQ National Market under the symbol NTRI, on Thursday, June 23, 2005.
06/20/2005 08:35:14 AM
StreetInsider Alert for SHPGY
Jun 20, 2005 (streetinsider.com via COMTEX) --Shire Pharmaceuticals Group PLC (NASDAQ: SHPGY) is 6% higher in pre-open action after its merger patner Transkaryotic Therapies, Inc. (Nasdaq: TKTX) announced statistically significant results for its Hunter Syndrome treatment. In April, Shire aggred to will pay $37 in cash for each share of TKT common stock.
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06/20/2005 08:30:18 AM
StreetInsider Alert for FAF
Jun 20, 2005 (streetinsider.com via COMTEX) --Raymond James downgraded First American Corporation, The (NYSE: FAF) from Outperform to Market Perform. The firm is downgrading FAF based on valuation.
06/20/2005 08:30:18 AM
StreetInsider Alert for GSL
Jun 20, 2005 (streetinsider.com via COMTEX) --RBC Capital Markets downgraded Global Signal Inc (NYSE: GSL) from Outperform to Sector Perform; $36.00 price target. The firm's downgrade is due to valuation.
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06/20/2005 08:25:17 AM
StreetInsider Alert for CHH
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS upgraded Choice Hotels International, Inc. (NYSE: CHH) from Reduce to Neutral. The firm is upgrading CHH as they see it delivering economic ROIC over 60% and could repurchase at least $60M of its stock in 2005 as well as pay $28M in dividends.
06/20/2005 08:25:17 AM
StreetInsider Alert for CBD
Jun 20, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded Companhia Brasiliera de Distribuicao (NYSE: CBD) from Outperform to Peer Perform. The firm notes that it appears to be deteriorating food-sector retail trends and cited the negative impact of CBD's recently announced property-lease deal.
06/20/2005 08:25:16 AM
StreetInsider Alert for CBON
Jun 20, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods upgraded Community Bancorp NV (Nasdaq: CBON) from Market Perform to Outperform; target price decreased from $30.00 to $36.00. Following management meetings, the firm is more confident in CBON's growth outlook.
06/20/2005 08:25:04 AM
StreetInsider Alert for GAIT
Jun 20, 2005 (streetinsider.com via COMTEX) --Ryan Beck initiated coverage on Langer Inc (Nasdaq: GAIT) with a Market Perform rating; $6.10 price target. According to the firm, GAIT's mgmt team has completed three significant acquisitions in little over three years, generating both horizontal and vertical integration. Each acquisition has been accretive, and they expect accretive acquisitions to remain a growth driver. Assuming accretive acquisitions can yield a considerably higher price target, the firm adds.
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06/20/2005 08:20:14 AM
StreetInsider Alert for SMTC
Jun 20, 2005 (streetinsider.com via COMTEX) --SEMTECH CORPORATION (NASDAQ: SMTC) announced plans to acquire XEMICS SA, a fabless developer of ultra-low power analog, radio frequency and digital integrated circuits, for $43 million plus up to an additional $16 million if certain performance milestones are met. Excluding some acquisition related items, Semtech expects the transaction to be neutral to its earnings initially and become accretive within two quarters.
06/20/2005 08:20:14 AM
StreetInsider Alert for BGT
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS initiated coverage on Blackrock Global Floating Rate Inco Trust (NYSE: BGT) with a Buy rating. In the firm's opinion, BGT will benefit from a stable senior loans environment.
06/20/2005 08:20:13 AM
StreetInsider Alert for BRCM
Jun 20, 2005 (streetinsider.com via COMTEX) --Broadcom Corporation (Nasdaq: BRCM) announced that the United States International Trade Commission (ITC) has commenced an investigation into whether Qualcomm Incorporated (QCOM) has engaged in unfair trade practices by importing baseband processor chips or chipsets, transmitter or receiver (radio) chips, power control chips, or products containing these items, including cellular telephone handsets, that infringe multiple Broadcom patents.
06/20/2005 08:15:12 AM
StreetInsider Alert for DGIN
Jun 20, 2005 (streetinsider.com via COMTEX) --Digital Insight Corp. (Nasdaq: DGIN) announced it has entered into a strategic alliance with CashEdge Inc. (www.cashedge.com), the leading provider of online financial applications, to become the exclusive distributor to small and mid-sized financial institutions for CashEdge's instant account opening and funding solution. The new addition to Digital Insight's robust consumer Internet Banking product portfolio, "New Account Open & Fund", enables consumers to apply for, gain approval of, and fund a new account in minutes via a financial institution's Web site. The exclusive partnership extends for a five-year term through 2010.
06/20/2005 08:15:11 AM
StreetInsider Alert for TKTX
Jun 20, 2005 (streetinsider.com via COMTEX) --Transkaryotic Therapies, Inc. (Nasdaq: TKTX) announced positive top-line results from the company's pivotal Phase III clinical trial evaluating its investigational human enzyme replacement therapy, iduronate-2-sulfatase, for the treatment of patients with Hunter syndrome. Hunter syndrome, also known as MPS II, is a rare, life-threatening genetic disorder with no available treatment. In the trial, patients who received 0.5 mg/kg of I2S on a weekly basis showed a statistically significant improvement in the primary efficacy endpoint (p=0.0049) compared to patients receiving placebo. Based on these results, TKT expects to file for regulatory approval of I2S in both the United States and Europe in the fourth quarter of 2005.
06/20/2005 08:15:10 AM
StreetInsider Alert for MFE
Jun 20, 2005 (streetinsider.com via COMTEX) --McAfee, Inc. (NYSE: MFE) announced it is adding new innovation to its best-in-class technical support offerings for users, through the company's relationship with Sento Corporation, a provider of customer support solutions. As part of this expanded relationship, McAfee is debuting Remote Assistance to its customers in EMEA. The new feature enables McAfee's technical support staff to remotely detect and remove viruses regardless of the customers' location. The unique combination of "live" chat and remote assistance functionality enable customers to interact in real-time with a customer support representative while they remotely detect and remove viruses from the consumers' computer.
06/20/2005 08:13:54 AM
StreetInsider Alert for SFLK
Jun 20, 2005 (streetinsider.com via COMTEX) --SAFLINK Corporation (Nasdaq: SFLK) announced an agreement with Microsoft Corporation (Nasdaq: MSFT) to provide a mobile security solution in support of FIPS 201 and HSPD-12 requirements related to the mobile environment. The first version of the software under the agreement has been delivered. SAFLINK developed the new software based on its NetSign(R) CAC smart card middleware specifically for use with Microsoft Windows Mobile(TM) 5.0 for Pocket PCs. The resulting product -- part of a complete mobile solution including Axcess Technology, Inc. mobile smart card readers -- allows the companies to target the public sector's overall identity protection and management initiative for mobile devices, delivering the same high level of network security and strong authentication currently used within the CAC program.
06/20/2005 08:13:53 AM
StreetInsider Alert for ASTM
Jun 20, 2005 (streetinsider.com via COMTEX) --Aastrom Biosciences, Inc. (Nasdaq: ASTM) announced today the appointment of Gerald ("Jerry") D. Brennan, Jr., JD, as Vice President Administrative and Financial Operations and Chief Financial Officer. Mr. Brennan will assume his position with the Company effective July 2, 2005, following the retirement of Alan M. Wright, Aastrom's current CFO and Senior Vice President Administrative and Financial Operations.
06/20/2005 08:13:52 AM
StreetInsider Alert for STNR
Jun 20, 2005 (streetinsider.com via COMTEX) --Steiner Leisure Limited (NASDAQ: STNR) announced the approval by its Board of Directors of a new share repurchase plan under which up to one million Steiner Leisure common shares would be purchased.
06/20/2005 08:13:52 AM
StreetInsider Alert for PCOP
Jun 20, 2005 (streetinsider.com via COMTEX) --Pharmacopeia Drug Discovery, Inc. (Nasdaq: PCOP) announced the appointment of Michio "Mich" Soga as Executive Vice President and Chief Financial Officer.
06/20/2005 08:13:47 AM
StreetInsider Alert for TRB
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Tribune Co (NYSE: TRB) from Buy to Neutral, citing decrease in ad revenues.
06/20/2005 08:13:46 AM
StreetInsider Alert for BA
Jun 20, 2005 (streetinsider.com via COMTEX) --Associated Press reports Air Canada has cancelled an order of 32 wide-body Boeing (NYSE: BA) jets worth approx. $6 billion after pilots reject a new deal.
06/20/2005 08:13:45 AM
StreetInsider Alert for CL
Jun 20, 2005 (streetinsider.com via COMTEX) --Prudential Securities upgrades Colgate-Palmolive (NYSE: CL) from Neutral to Overweight on valuation-Price target $56.
06/20/2005 08:13:44 AM
StreetInsider Alert for HNZ
Jun 20, 2005 (streetinsider.com via COMTEX) --H.J. Heinz Company (NYSE:HNZ) announced that it has signed a definitive agreement with Groupe Danone S.A. to acquire a number of leading culinary sauce brands for GBP 470 million (approximately US$855 million) in cash. The transaction includes the HP and Lea & Perrins brands and a perpetual license to market Amoy Asian sauces and products in Europe.
06/20/2005 08:13:44 AM
StreetInsider Alert for IPS
Jun 19, 2005 (streetinsider.com via COMTEX) --IPSCO Inc. (NYSE: IPS) warns for Q2; sees earnings around $2.45 per share, versus its prior guidance of $2.75 or above, and the consensus of $2.84. The company said the market for steel products generally has come under increased pricing pressure.
06/20/2005 08:13:43 AM
StreetInsider Alert for IVOW
Jun 19, 2005 (streetinsider.com via COMTEX) --iVOW, Inc. (Nasdaq: IVOW) received commitments from a group of institutional and accredited investors to participate in a private placement of the Company's common stock and warrants. Dawson James Securities is acting as the exclusive financial advisor to, and as sole placement agent for, iVOW. The commitments cover the sale of 7.3 million Units for aggregate gross proceeds of approximately $2.2 million. Each Unit consists of one share of common stock and a warrant to purchase one share of common stock.
06/20/2005 08:13:42 AM
StreetInsider Alert for PPP
Jun 19, 2005 (streetinsider.com via COMTEX) --Pogo Producing Company (NYSE: PPP) to sell its Thailand assets to PTTEP Offshore Investment Company Limited and Mitsui Oil Exploration Co., Ltd., in a transaction totaling $820 million in cash. The transaction is expected to close in the third quarter of 2005, subject to customary closing conditions.
06/20/2005 08:13:42 AM
StreetInsider Alert for WLT
Jun 19, 2005 (streetinsider.com via COMTEX) --Mueller Water Products, Inc. said its board of directors and the board of directors of Walter Industries, Inc. (NYSE: WLT) have unanimously approved, and the companies have executed, a definitive agreement whereby Walter Industries will acquire the Company. The aggregate purchase price is approximately $1.91 billion, consisting of approximately $860 million in cash and the assumption of approximately $1.05 billion in Company debt.
06/20/2005 08:13:41 AM
StreetInsider Alert for CTX
Jun 19, 2005 (streetinsider.com via COMTEX) --Centex Corporation (NYSE: CTX) is exploring various strategic alternatives regarding its United Kingdom Home Building Group which operates under the name of Fairclough Homes, including a possible sale. Centex has retained Merrill Lynch and Co. to assist in this effort.
06/20/2005 08:13:20 AM
StreetInsider Alert for IPAR
Jun 20, 2005 (streetinsider.com via COMTEX) --Oppenheimer downgrades Inter Parfums (Nasdaq: IPAR) from 'buy' to 'neutral'.
06/20/2005 08:13:20 AM
StreetInsider Alert for DHR
Jun 20, 2005 (streetinsider.com via COMTEX) --Danaher Corporation (NYSE: DHR) announced that it has signed a definitive agreement to acquire Pelton & Crane, a leading provider of dental equipment, for approximately $85 million in cash including transaction costs and net of cash acquired. With primary operations in Charlotte, North Carolina and Newberg, Oregon, Pelton & Crane manufactures and sells a broad range of dental equipment, including treatment units, lights, sterilizers and cabinetry for dental professionals. With revenues of approximately $80 million in 2004, Pelton & Crane is expected to become a part of Danaher's Medical Technology platform. The company expects minimal earnings per share accretion in 2005. The acquisition remains subject to regulatory approval and other customary closing conditions and is expected to close in the third quarter of 2005.
06/20/2005 08:12:58 AM
StreetInsider Alert for GM
Jun 20, 2005 (streetinsider.com via COMTEX) --Banc of America upgrades General Motors (NYSE: GM) and Ford Motors (NYSE: F) from 'sell' to 'neutral' and upgrades their Auto Industry weight from 'underweight' to 'neutral'.
06/20/2005 08:12:58 AM
StreetInsider Alert for SYNC
Jun 20, 2005 (streetinsider.com via COMTEX) --Intellisync Corporation (Nasdaq: SYNC) announced the launch of Intellisync Wireless Email Express, which the company says is one of the fastest and simplest ways to "have a BlackBerry-like (NASDAQ: RIMM) experience for wireless email on virtually any data-enabled mobile device."
The company said the new Intellisync Wireless Email Express product is available now through Ingram Micro (NYSE: IM), Global Wireless Data, and Trio Tek.
06/20/2005 08:12:57 AM
StreetInsider Alert for NSE
Jun 20, 2005 (streetinsider.com via COMTEX) --Wachovia initiates coverage on recent IPO New Skies Satellites (NYSE: NSE) started with an 'outperform' rating and valuation range of $21-$23.
06/20/2005 08:12:56 AM
StreetInsider Alert for WMG
Jun 20, 2005 (streetinsider.com via COMTEX) --Banc of America initiates coverage on recent IPO Warner Music Group (NYSE: WMG) with a 'buy' rating and $20 price target.
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06/20/2005 08:12:55 AM
StreetInsider Alert for SKYE
Jun 20, 2005 (streetinsider.com via COMTEX) --SkyePharma PLC (Nasdaq: SKYE) said the German pharmaceutical regulatory authority has approved FORADIL CERTIHALER for the treatment of asthma and chronic obstructive pulmonary disease.
06/20/2005 08:12:54 AM
StreetInsider Alert for DLLR
Jun 20, 2005 (streetinsider.com via COMTEX) --Piper Jaffray assumes coverage of Dollar Financial Corp (NASDAQ: DLLR) with an 'outperform' rating and $15 price target, saying the stock trades at a 30% discount to peer group on P/E and economic value to EBITDA basis.
06/20/2005 08:12:54 AM
StreetInsider Alert for KEYW
Jun 20, 2005 (streetinsider.com via COMTEX) --Essex Corporation (Nasdaq: KEYW) filed a shelf registration with the SEC which will allow Essex to issue up to $100 million in shares of common stock from time to time on a delayed or continuous basis.
06/20/2005 08:12:53 AM
StreetInsider Alert for AUDC
Jun 20, 2005 (streetinsider.com via COMTEX) --Smith Barney initiates coverage on AudioCodes Ltd (NASDAQ: AUDC) with a 'buy' rating and $14.50 price target.
06/20/2005 08:12:53 AM
StreetInsider Alert for TAGS
Jun 20, 2005 (streetinsider.com via COMTEX) --Tarrant Apparel Group (Nasdaq: TAGS) announced it has mutually agreed with Qorus.com, Inc. to terminate the Letter of Intent previously entered into on April 25, 2005.
Under the previously announced Letter of Intent, Qorus was to acquire Tarrant Apparel's Private Brands subsidiary in exchange for Qorus' convertible preferred stock in such amount so that, immediately after giving effect to the acquisition, the Company would have owned in the aggregate 97% of Qorus' issued and outstanding shares of common stock on a fully diluted and as-converted basis.
06/20/2005 08:12:52 AM
StreetInsider Alert for ARDI
Jun 20, 2005 (streetinsider.com via COMTEX) --@Road, Inc. (Nasdaq: ARDI) announced that Michael Martini has joined the Company as Senior Vice President of Finance and Chief Financial Officer effective immediately.
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Awaiting Data This Morning: We apologize for any inconvenience. - D. Fisher, Editor
06/20/2005 08:12:51 AM
StreetInsider Alert for XLNX
Jun 20, 2005 (streetinsider.com via COMTEX) --Xilinx (Nasdaq: XLNX) and Nu Horizons Electronics (Nasdaq: NUHC) announced the expansion of their North American partnership agreement with the addition of eight states.
06/20/2005 08:12:51 AM
StreetInsider Alert for LOUD
Jun 20, 2005 (streetinsider.com via COMTEX) --Loudeye Corp. (Nasdaq: LOUD) announced that it has been granted U.S. Patent Number 6,873,877 B1 entitled Distributed Production System for Digitally Encoding Information. The patent covers, among other things, a method and system for encoding digital information.
06/20/2005 08:12:50 AM
StreetInsider Alert for OVTI
Jun 20, 2005 (streetinsider.com via COMTEX) --Jefferies & Co downgrades OmniVision (Nasdaq: OVTI) from Hold to Underperform on outlook.
06/20/2005 08:12:50 AM
StreetInsider Alert for CBRL
Jun 20, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades CBRL Group (Nasdaq: CBRL) from Neutral to Overweight after recent meetings with management.
06/20/2005 08:12:49 AM
StreetInsider Alert for CVTX
Jun 20, 2005 (streetinsider.com via COMTEX) --Solvay Pharmaceuticals and CV Therapeutics (Nasdaq: CVTX) announced that the U.S. Food and Drug Administration (FDA) has informed Solvay Pharmaceuticals that the FDA has extended the Prescription Drug User Fee Act date for the ACEON Tablets supplemental new drug application by 90 days, and the PDUFA date is now September 10, 2005. The purpose of the extension is to allow time for additional clinical site audit activities at certain EUROPA study sites.
06/20/2005 08:12:48 AM
StreetInsider Alert for BCRX
Jun 20, 2005 (streetinsider.com via COMTEX) --BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) said the FDA has granted "fast track" status to the development of Fodosine(, for the treatment of relapsed or refractory T-cell leukemia. Fodosine is a transition state analog inhibitor with especially strong binding to the target enzyme. Currently being studied in a Phase IIa clinical trial, Fodosine is BioCryst's lead product candidate.
06/20/2005 08:12:48 AM
StreetInsider Alert for ATW
Jun 20, 2005 (streetinsider.com via COMTEX) --Raymond James downgrades Atwood Oceanics (NYSE: ATW) from Strong Buy to Outperform on risk to Q3 earnings.
06/20/2005 08:12:47 AM
StreetInsider Alert for CGEN
Jun 20, 2005 (streetinsider.com via COMTEX) --Compugen Ltd. (Nasdaq:CGEN) and Biosite Inc (Nasdaq: BSTE) announced a collaboration for the development and commercialization of diagnostic products. Under the agreement, Biosite is licensed to develop and commercialize immunoassay based diagnostic products using novel biomarkers discovered by Compugen.
06/20/2005 08:12:44 AM
StreetInsider Alert for CVC
Jun 20, 2005 (streetinsider.com via COMTEX) --The Dolan Family Group, today announced that they have proposed to acquire the cable and telecommunications businesses of Cablevision Systems Corporation (NYSE: CVC). Under the proposed transaction, transmitted yesterday in a letter to the Cablevision Board of Directors, Rainbow Media Holdings would also be spun off to all Cablevision shareholders on a pro rata basis. Concurrent with the spin-off of Rainbow, with an estimated value of $12.50 per share, the public shareholders of Cablevision would receive $21.00 per share in cash in connection with a merger of Cablevision with an entity owned by the Dolan Family Group. The transaction delivers an estimated value of $33.50 per share or an aggregate of $7.9 billion to public shareholders, and implies an enterprise value for the company's telecom and cable businesses of $13.6 billion.
06/20/2005 08:12:44 AM
StreetInsider Alert for IMCL
Jun 20, 2005 (streetinsider.com via COMTEX) --ImClone Systems Incorporated (NASDAQ: IMCL) said, following discussions with the FDA, it intends to submit a supplemental Biologics License Application to seek approval for use of Erbitux in combination with radiation and as a single agent in Squamous Cell Carcinoma of the Head and Neck in the third quarter of 2005.
06/20/2005 08:12:43 AM
StreetInsider Alert for NWN
Jun 20, 2005 (streetinsider.com via COMTEX) --A.G. Edwards downgrades Northwest Natural Gas (NYSE: NWN) from Buy to Hold on valuation.
06/20/2005 08:12:43 AM
StreetInsider Alert for ATRS
Jun 20, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Altiris (Nasdaq: ATRS) from Neutral to Underweight on lower revenue outlook.
06/20/2005 08:12:42 AM
StreetInsider Alert for DRRX
Jun 20, 2005 (streetinsider.com via COMTEX) --DURECT Corp (Nasdaq: DRRX) announced positive preliminary results from the second cohort of an on-going Phase II clinical study in hernia patients for DURECT's post-operative pain relief depot product candidate, SABER(TM)-Bupivacaine. SABER-Bupivacaine is based on DURECT's patented SABER delivery technology and is intended to be administered around the surgical site after surgery to provide 3 days or more of regional pain relief.
06/20/2005 08:12:41 AM
StreetInsider Alert for KMX
Jun 20, 2005 (streetinsider.com via COMTEX) --CarMax (NYSE: KMX) reports Q1 earnings of $0.37 per share, 1 cent better than estimates. Q1 revenues were $1.58 billion, higher than analysts estimates of $1.55 billion. KMX sees Q2 earnings between $0.29-0.34 per share, in-line with analysts estimates of $0.34.
06/20/2005 08:12:41 AM
StreetInsider Alert for CBB
Jun 20, 2005 (streetinsider.com via COMTEX) --Deutsche Bank downgrades Cincinnati Bell (NYSE: CBB) from Buy to Hold on valuation.
06/20/2005 08:12:40 AM
StreetInsider Alert for USPI
Jun 20, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades United Surgical Partners (Nasdaq: USPI) from Buy to Neutral on valuation.
06/20/2005 08:12:40 AM
StreetInsider Alert for TOMO
Jun 20, 2005 (streetinsider.com via COMTEX) --TOM Online Inc. (Nasdaq: TOMO) and Warner Bros. Online today announced a strategic partnership whereby TOM Online, a leading wireless Internet company in China, will be the sole wireless and the premier Internet distribution partner for Warner Bros. Online in China
06/20/2005 08:12:39 AM
StreetInsider Alert for AZN
Jun 20, 2005 (streetinsider.com via COMTEX) --AstraZeneca (NYSE: AZN) announced that after discussions with the U.S. Food and Drug Administration (FDA), the company is making a labeling change to IRESSA. Based on the FDA's assessment of currently available data, including the lack of survival benefit in the Phase III Trial 709 comparing IRESSA to placebo in advanced recurrent non-small-cell lung cancer, and the availability of other treatment options in the United States that do prolong life, the revised label indicates that IRESSA is only to be used in patients who have previously taken IRESSA and are benefiting or have benefited from IRESSA.
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