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Monday, August 15, 2005 9:52:03 PM
Final - StreetInsider Alerts 08/15/2005 @ 05:30:23 PM
By StreetInsider.com, Investing-News.Com
Aug 15, 2005, 17:30
http://www.investing-news.com/artman/publish/article_1171.shtml
DAL IMCL DJ:INDU GTW LEXR IVII SNIC CKN BOBE JAS ~ Earlier Find
08/15/2005 05:30:23 PM
StreetInsider Alert for DAL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Delta Air Lines, Inc. (NYSE: DAL) entered into a definitive agreement to sell its wholly owned regional airline subsidiary Atlantic Southeast Airlines, Inc. (ASA) to SkyWest, Inc. (Nasdaq: SKYW) for a purchase price of $425 million in cash.
08/15/2005 05:10:16 PM
StreetInsider Alert for IMCL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --ImClone Systems Incorporated (NASDAQ: IMCL) and UCB entered into a worldwide strategic partnership for the development and commercialization of CDP-791, a novel, investigational antibody targeting the vascular endothelial growth factor receptor-2 (VEGFR-2) that is currently being developed by UCB.
Under terms of the agreement, UCB and ImClone Systems will share equally all agreed upon development costs for CDP-791 as well as worldwide profits derived from its commercialization in indications jointly pursued by the parties. ImClone Systems will also receive an incremental single-digit royalty on net worldwide sales for such labeled indications. ImClone Systems has exclusive commercialization rights to CDP-791 in North America, with UCB receiving such rights in Europe, Japan, and the rest of the world.
______ Find
08/15/2005 04:35:32 PM
StreetInsider Alert for DJ:INDU
Aug 15, 2005 (streetinsider.com via COMTEX) --The Dow finished 34.07 points higher to close at 10,634, the Nasdaq rose 10.14 points to close at 2,167, and the S&P 500 gained 3.48 points to close at 1,234.
The markets closed out the trading session in the green today as technology stocks showed strength and oil prices declined. Volume was light with 1.54 billion shares trading on the NYSE and 1.35 billion on the Nasdaq. Advancers outpaced decliners today by a margin of 19:14 on the NYSE and by 18:13 on the Nasdaq.
In individual stories, Corcept Therapeutics (Nasdaq CORT RT$) closed 14.01% higher after Punk Ziegel started the stock at Buy. On the downside, PFSWeb Inc (Nasdaq: PFSW RT$) closed 23.94% lower after reporting weak Q2 results.
Tomorrow, traders will be watching for economic data CPI, Core CPI, Housing Starts, Building Permits, Industrial Production and Capacity Utilization. CPI, Core CPI, Housing Starts and Building Permits are due to hit the wire at 8:30 A.M. Industrial Production and Capacity Utilization are expected at 9:15 A.M.
08/15/2005 04:35:31 PM
StreetInsider Alert for GTW RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Gateway Inc (NYSE: GTW) reported Q2 EPS of $0.05, may not be comparable to estimates of $0.02. Revenues came in at $873.1 million versus the consensus of $895.41 million. Sees FY05 revenues of $3.9-$4 billion versus the consensus of $4.08 billion and FY05 EPS of $0.13-$0.15 versus the consensus of $0.16.
______ Find
08/15/2005 04:20:22 PM
StreetInsider Alert for LEXR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lexar Media, Inc. (Nasdaq: LEXR) announced that it has settled its patent infringement case with Memorex (Memtek Products Inc.).
The litigation involved only certain CompactFlash(TM) cards sold by Memorex prior to November 2004. In the settlement agreement, Memorex will make a one-time payment for past sales of these products to Lexar and will agree to an injunction which would prohibit it from selling CompactFlash products that infringe Lexar's patents in the future. The settlement agreement does not include a license for future sales.
08/15/2005 04:20:21 PM
StreetInsider Alert for IVII RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --InterVideo Inc (Nasdaq: IVII) reported Q2 EPS of $0.15, 6 cents worse than estimates. Revenues came in at $27.6 million versus the consensus of $54.19 million. Sees Q3 EPS of $0.18-$0.20 versus the consensus of $0.18.
______ Find
08/15/2005 04:15:42 PM
StreetInsider Alert for SNIC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Sonic Solutions (Nasdaq: SNIC) reported Q1 EPS of $0.18, 4 cents better than estimates. Revenues came in at $35.5 million versus the consensus of $33.15 million.
08/15/2005 04:15:42 PM
StreetInsider Alert for CKN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Cash Systems, Inc. (AMEX: CKN) reports a Q2 loss of $0.10 per share on revenue of $16 million, versus the consensus of a $0.05 profit and revenue of $17 million. Sees FY loss of $0.10 versus prior guidance of $0.19-$0.22 per share in earnings. Sees FY05 revenue of $60-$62 milion, versus prior guidance of $64-$66 million.
______ Find
08/15/2005 04:05:35 PM
StreetInsider Alert for BOBE RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Bob Evans Farms Inc (Nasdaq: BOBE) reported Q1 EPS of $0.20, in-line with estimates. Revenues came in at $395.6 million versus the consensus of $381.21 million.
08/15/2005 04:05:34 PM
StreetInsider Alert for JAS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Jo-Ann Stores, Inc (NYSE: JAS) reported a Q2 loss of $0.23, 2 cents worse than estimates. Revenues came in at $383.8 million versus the consensus of $386.37 million.
~~~ A Reasoned Investing Approach ~~~ ~~~ Consistency In Trading !
~~~~~~ [ Opens in a NEW WINDOW ]
WGII DESC SLGN VIVO DSCO
~ Earlier Find `
08/15/2005 01:25:38 PM
StreetInsider Alert for DJ:INDU
Aug 15, 2005 (streetinsider.com via COMTEX) --8/15: Streetinsider.com's Unusual 11 Afternoon Movers:
PFSWeb Inc (Nasdaq: PFSW RT$) 22.89% LOWER; reported weak Q2 results.
TVI Corp (Nasdaq: TVIN RT$) 21.60% LOWER; reported weak Q2 results
Corcept Therapeutics (Nasdaq CORT RT$) 19.96% HIGHER; Punk Ziegel started the stock at Buy.
United Heritage (Nasdaq: UHCP RT$) 16.67% HIGHER; Lothian Oil is buying 3.3 million shares of the Company's stock.
Delta Air Lines (NYSE: DAL RT$) 15.53% LOWER; The NY Times reported that the Company started bankruptcy financing.
Agilent (NYSE: A RT$) 13.44% HIGHER; announced restructuring actions eliminating 1,300 jobs, sells chip unit for $2.66 billion and announces $4B share buyback
Overland Storage (Nasdaq: OVRL RT$) 12.99% LOWER; reported disappointing Q4 results and guided FY06 lower.
MIVA (Nasdaq: MIVA RT$) 9.15% HIGHER; reached a settlement in it's patent litigation with Yahoo's (Nasdaq: YHOO) Overture Services unit.
Matrix Service Co (Nasdaq: MTRX RT$) 8.73% HIGHER; reported Q2 results and gave upbeat FY06 guidance.
Dow Jones (NYSE: DJ RT$) 7.6% HIGHER; New York Post reports Bancroft family pushing for sale. Although recent reports from Bloomberg, have Bancroft's Trustee refuting report.
Salesforce.com (NYSE: CRM RT$) 5.27% LOWER; CSFB downgraded the stock.
08/15/2005 12:50:20 PM
StreetInsider Alert for WGII RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Washington Group International (Nasdaq: WGII) announced today that its subsidiary, Washington Enterprises Emirates LLC, has won a contract from Abu Dhabi Oil Refining Company to perform front-end engineering and design services for a sulfur-handling facility in the United Arab Emirates.
08/15/2005 12:45:21 PM
StreetInsider Alert for DESC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Northern Power Systems, a subsidiary of Distributed Energy Systems Corp (Nasdaq: DESC), has been awarded a $2.05 million contract by Construcciones Mecanicas Monclova S.A. de C.V. (COMMSA) to design, fabricate, integrate and install independent remote power systems for three offshore natural gas drilling platforms in the Gulf of Mexico.
08/15/2005 11:50:09 AM
StreetInsider Alert for DJ:INDU
Aug 15, 2005 (streetinsider.com via COMTEX) --8/15: Streetinsider.com's Unusual 8 Morning Movers:
Corcept Therapeutics (Nasdaq CORT RT$) 28.41% HIGHER; Punk Ziegel started the stock at Buy.
United Heritage (Nasdaq: UHCP RT$) 25.64% HIGHER; Lothian Oil is buying 3.3 million shares of the Company's stock.
TVI Corp (Nasdaq: TVIN RT$) 20.36% LOWER; reported weak Q2 results
PFSWeb Inc (Nasdaq: PFSW RT$) 17.96% LOWER; reported weak Q2 results.
Agilent (NYSE: A RT$) 13.63% HIGHER; announced restructuring actions eliminating 1,300 jobs , sells chip unit for $2.66 billion and announces $4B share buyback
Delta Air Lines (NYSE: DAL RT$) 12.42% LOWER; The NY Times reported that the Company started bankruptcy financing.
Overland Storage (Nasdaq: OVRL RT$) 12.08% LOWER; reported disappointing Q4 results and guided FY06 lower.
Matrix Service Co (Nasdaq: MTRX RT$) 9.98% HIGHER; reported Q2 results and gave upbeat FY06 guidance.
08/15/2005 11:20:15 AM
StreetInsider Alert for SLGN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Silgan Holdings Inc. (Nasdaq: SLGN) announced today that its Board of Directors declared a two-for-one stock split of the issued Common Stock of the Company.
08/15/2005 10:00:25 AM
StreetInsider Alert for VIVO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Meridian Bioscience (NASDAQ: VIVO) announced that its Board of Directors has declared a three-for-two stock split of the Company's common shares. The record date is August 29, 2005 with the payment date set for September 2, 2005. Cash will be paid in lieu of fractional shares.
08/15/2005 09:35:10 AM
StreetInsider Alert for DSCO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Discovery Laboratories, Inc (Nasdaq: DSCO) from 'buy' to 'neutral', saying Surfaxin NDA likely delayed again following FDA 'approvable letter'. The analyst thinks the current delay in the NDA timeline will be at least three months.
~~~ Daytrade The Sharcky Way! ~~~ ~~~ Don't Trade Alone !
~~~~~~ [ Opens in a NEW WINDOW ]
SKX GEPT MRK IDSY PSVD PWER SYY OSIP CRME DLB ELTK FINB ASN AEGN CGN ARLP PIXR NEW WSO HME UDR HXL BDC AEIS DKS INTV CBR ABT SRX TWIN NAPS WBSN TIVO RSAS HRS PGNX OVRL TASR AGM LOW QCCO CRM ATVI RRGB MIVA SYY WBSN TSYS BBBY BSX DCEL SLAB ELX PLAB CNCT SVNT PNC A AXYS BFT Find `
08/15/2005 09:20:18 AM
StreetInsider Alert for SKX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wedbush upgraded Skechers USA Inc (NYSE: SKX) from Hold to Buy; $20.00 price target. The firm cites positive channel checks and an attractive valuation as basis for their recommendation.
08/15/2005 09:20:18 AM
StreetInsider Alert for GEPT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Global ePoint, Inc. (Nasdaq: GEPT) announced its Contract Manufacturing Division has received a $5 million personal computer subcontract order from Avatar Technologies for a major Mexican retailer.
______ Find
08/15/2005 09:10:27 AM
StreetInsider Alert for MRK RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merck & Co., Inc. (NYSE: MRK) announced that the U.S. Food and Drug Administration (FDA) has approved VAQTA(R) (hepatitis A vaccine, inactivated) for use in children 12 months of age and older. VAQTA is now the first and only hepatitis A vaccine that can be used in children as young as 12 months of age. Previously, VAQTA was approved for use in people two years of age and older.
______ Find
08/15/2005 09:05:19 AM
StreetInsider Alert for IDSY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --I.D. Systems, Inc. (Nasdaq: IDSY) announced that it has been awarded a maintenance contract by Target Corporation (NYSE: TGT) to support I.D. Systems' Wireless Asset Net(TM) fleet management system. The system is currently deployed on approximately 400 material handling vehicles in Target distribution facilities throughout the United States. The one-year contract, renewable annually, commenced on August 1, 2005.
08/15/2005 09:05:18 AM
StreetInsider Alert for PSVD RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --pSivida Limited (NASDAQ: PSDV) has moved to clarify recent market speculation and advised that it is in negotiations and is undertaking due diligence to acquire a US based specialized drug delivery company through the issue of its American Depository Receipts to that company's shareholders. The potential acquisition's shareholders could own up to 40% or more of pSivida's stock following an acquisition.
______ Find
08/15/2005 09:00:26 AM
StreetInsider Alert for PWER RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Amtech downgrades Power One (Nasdaq: PWER) from 'buy' to 'hold', saying company is losing share at Cisco (Nasdaq: CSCO), its biggest customer. Also says adoption of Z-One could take longer than expected.
______ Find
08/15/2005 08:55:36 AM
StreetInsider Alert for SYY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --UBS upgraded Sysco Corporation (NYSE: SYY) from Neutral to Buy. The firm sees the recent weakness as an opportunity.
08/15/2005 08:55:13 AM
StreetInsider Alert for OSIP RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --CSFB upgrades OSI Pharmaceuticals (Nasdaq: OSIP) from 'underperform' to 'neutral' with a $48 price target, citing valuation.
______ Find
08/15/2005 08:50:09 AM
StreetInsider Alert for CRME RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Cardiome Pharma Corp. (NASDAQ: CRME) announced results from its Phase 2 clinical trial evaluating Oxypurinol in 405 congestive heart failure patients. Oxypurinol failed to demonstrate a statistically significant benefit over placebo in the primary composite endpoint. In addition, no benefits over placebo were observed in Minnesota CHF Quality of Life index and time to acute clinical events (mortality plus re-hospitalization for heart failure) as secondary endpoints. A significant reduction in serum uric acid levels was observed in patients receiving Oxypurinol.
______ Find
08/15/2005 08:45:22 AM
StreetInsider Alert for DLB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Dolby Laboratories (NYSE: DLB) updated its previously announced revenue guidance for its fiscal year ending September 30, 2005, to a range of $315 to $330 million based on royalty reports it has received from its licensing customers since the beginning of August 2005, versus prior guidance of $335 million to $350 million
Dolby said decided to revise its guidance for fiscal 2005 at this time primarily due to the scheduled expiration at the end of business today, Monday, August 15, 2005, of the lock-up agreements that Dolby's security holders entered into in connection with Dolby's initial public offering in February of this year. As a result of this announcement, the lock-up period will be extended through Thursday, September 1, 2005.
08/15/2005 08:45:22 AM
StreetInsider Alert for ELTK RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Eltek Ltd. (Nasdaq: ELTK) announced the signing of a three-year framework agreement with a U.S. medical equipment manufacturer. This customer already begun to place orders for Eltek's flex-rigid PCBs.
______ Find
08/15/2005 08:40:18 AM
StreetInsider Alert for FINB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded First Indiana Corporation (Nasdaq: FINB) from Buy to Hold. The firm based their downgrade on valuation of the stock.
08/15/2005 08:40:17 AM
StreetInsider Alert for ASN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded Archstone-Smith Trust (NYSE: ASN) from Underweight to Hold. The firm is upgrading Archstone-Smith as they see long-term growth form the Oakwood transaction and the 3 NY City acquisitions.
08/15/2005 08:40:17 AM
StreetInsider Alert for AEGN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Nektar Therapeutics (Nasdaq: NKTR) and Aerogen, Inc. (OTC: AEGN) signed a definitive merger agreement whereby Nektar will acquire Aerogen in a transaction valued at approximately $32 million. Under the terms of the agreement, and upon completion of the acquisition, each share of common stock will be exchanged for a total of approximately $0.75 per common share, comprising either $0.1875 in cash, and approximately $0.5625 per common share in Nektar common stock.
______ Find
08/15/2005 08:35:19 AM
StreetInsider Alert for CGN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Cognitronics Corporation (Amex: CGN) announced the receipt of purchase orders aggregating approximately $2 million for CX4000 Network Media Servers from a major telecommunications service to be delivered during the current year.
08/15/2005 08:35:18 AM
StreetInsider Alert for ARLP RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wachovia downgraded Alliance Resource Partners LP (Nasdaq: ARLP) from Outperform to Market Perform. The firm is downgrading ARLP based on valuation.
08/15/2005 08:35:17 AM
StreetInsider Alert for PIXR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Pacific Crest upgrades Pixar (Nasdaq: PIXR) from 'sector perform' to 'outperform'.
08/15/2005 08:35:08 AM
StreetInsider Alert for NEW RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods downgraded New Century Financial Corporation (NYSE: NEW) from Outperform to Market Perform; $45.00 price target. The firm cites increasing concern about price competition in the subprime sector as cause for their downgrade.
______ Find
08/15/2005 08:30:38 AM
StreetInsider Alert for WSO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded Watsco, Inc. (NYSE: WSO) from Hold to Buy; $53.00 price target. The firm based their recommendation on the recent pullback in the shares.
08/15/2005 08:30:37 AM
StreetInsider Alert for HME RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded Home Properties, Inc. (NYSE: HME) from Hold to Underweight. The firm notes that growth catalysts for 2006 are elusive.
08/15/2005 08:30:36 AM
StreetInsider Alert for UDR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded United Dominion Realty Trust, Inc. (NYSE: UDR) from Hold to Buy; $28.00 price target. The firm cited valuation as cause for their upgrade.
08/15/2005 08:30:26 AM
StreetInsider Alert for HXL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Ryan Beck upgraded Hexcel Corporation (NYSE: HXL) from Market Perform to Outperform; $22.00 price target. According to the firm, HXL reported improved 2Q05 results, demand for commercial aircraft has increased and major aircraft builders have increased build rates for 2006, and the share overhang has been significantly reduced by a public offering of common shares by investors in the company's 2003 issuance of convertible preferred shares.
08/15/2005 08:30:15 AM
StreetInsider Alert for BDC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgraded Belden CDT,Inc. (NYSE: BDC) from Neutral to Sell. The firm's downgrade is primarily due to networking cable market share losses that are likely to continue.
______ Find
08/15/2005 08:25:13 AM
StreetInsider Alert for AEIS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Stanford Group upgrades Advanced Energy (Nasdaq: AEIS) from 'hold' to 'buy' with a $14 price target, citing valuation and and a positive outlook for the semiconductor equipment stocks.
08/15/2005 08:25:13 AM
StreetInsider Alert for DKS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch transferring coverage on Dick's Sporting Goods, Inc. (NYSE: DKS) with a Buy rating. The firm is transferring coverage on the stock and expects multiples to expand as DKS rolls out its superstore story which will increase visibility & growth.
08/15/2005 08:25:12 AM
StreetInsider Alert for INTV RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Raymond James upgrades Intervoice (Nasdaq: INTV) from 'outperform' to 'strong buy'.
______ Find
08/15/2005 08:20:11 AM
StreetInsider Alert for CBR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --CIBER Associates, Inc., a wholly owned subsidiary of CIBER, Inc. (NYSE: CBR) entered into an agreement to transfer a substantial portion of its IBM business, that portion covered by IBM's national staffing contract, to Analysts International Corp. (Nasdaq: ANLY)
As a result of this action, CIBER is reducing its revenue guidance for the third quarter of 2005 by $3 million (now $236-241 million) and for one calendar year by $7 million (now $963-973 million). Earnings guidance is not being adjusted.
______ Find
08/15/2005 08:15:12 AM
StreetInsider Alert for ABT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Abbott Diabetes Care, a division of Abbott (NYSE: ABT) received 510(k) clearance from the FDA to market its FreeStyle Connect blood glucose monitoring system in the point-of-care setting (hospitals and medical clinics).
08/15/2005 08:15:11 AM
StreetInsider Alert for SRX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --SRA International, Inc. (NYSE: SRX) announced that it has been awarded a competitive task order to provide logistics support services to the U.S. Army to enhance unit readiness. The task order, awarded under the General Services Administration Federal Supply Schedule, has an estimated value of $26.8 million over five years if all options are exercised.
______ Find
08/15/2005 08:10:15 AM
StreetInsider Alert for TWIN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Twin Disc, Inc. (NASDAQ: TWIN) received a $9.1 million order for its 8500 Series transmissions. The 3,000-horsepower transmission is used for oil-field fracturing allowing drillers to maximize production with fewer vehicles. This transmission provides the oil and gas industry with high-capacity power and exceptional reliability for well servicing operations in fractioning and concrete pumping.
08/15/2005 08:10:13 AM
StreetInsider Alert for NAPS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Napster (Nasdaq: NAPS) announced an agreement with BellSouth (NYSE: BLS) to offer digital music solutions to new BellSouth FastAccess DSL customers. The agreement marks the first time Napster has aligned with a U.S. Internet service provider for a targeted marketing effort
08/15/2005 08:10:13 AM
StreetInsider Alert for WBSN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Websense, Inc. (Nasdaq: WBSN) announced that its Board of Directors has authorized the repurchase of an additional two million shares of the company's common stock.
08/15/2005 08:10:12 AM
StreetInsider Alert for TIVO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --TiVo Inc. (Nasdaq: TIVO) announced he launch of a video download trial in conjunction with Independent Film Channel (IFC), enabling select TiVo subscribers to download IFC programming over broadband to their TiVo Series2 DVR.
______ Find
08/15/2005 08:02:21 AM
StreetInsider Alert for RSAS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiates coverage on RSA Security (Nasdaq: RSAS) with a 'neutral' rating saying the shares are fairly valued.
08/15/2005 08:02:14 AM
StreetInsider Alert for HRS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers initiates coverage on Harris (NYSE: HRS) with an 'overweight' rating and $41 price target. The firm expects the Company's defense business to continue to grow faster than expectations.
08/15/2005 08:02:12 AM
StreetInsider Alert for PGNX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Adams Harkness downgrades Progenics Pharmaceuticals (Nasdaq: PGNX) from 'buy' to 'market perform'.
08/15/2005 08:02:11 AM
StreetInsider Alert for OVRL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Overland Storage Inc (NASDAQ: OVRL) reports a Q4 loss of $0.07 per share, versus the consensus of a $0.06 profit. Revenues came in at $55.4 million versus the consensus of $58.85 million. Sees a FY06 loss of $0.10 per share versus the consensus of a $0.25 per share profit.
08/15/2005 08:02:09 AM
StreetInsider Alert for TASR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --TASER International, Inc. (Nasdaq: TASR) announced the completion of a six-month field study on the use of TASER devices by the Columbus, Ohio Division of Police.
In addition to reductions in suspect and officer injuries, the study found that the TASER device was successfully used to intervene in 14 cases in which the use of lethal force was justified. Twelve of these cases where attempted suicides during which the Columbus Police deployed a TASER device to prevent death or serious injury of an individual.
08/15/2005 08:02:00 AM
StreetInsider Alert for AGM RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --UBS downgraded Federal Agricultural Mortgage (NYSE: AGM) from 'buy' to 'neutral' with a $27 price target.
08/15/2005 08:01:59 AM
StreetInsider Alert for LOW RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lowe's (NYSE: LOW) reports Q2 earnings of $1.05 per share, 3 cents better than estimates. Revenues came in at $11.93 billion versus the consensus of $11.81 billion. Sees Q3 EPS of $0.76-$0.78 versus the consensus of $0.76. Sees FY06 EPS of $3.31-$3.37 versus the consensus of $3.29.
08/15/2005 08:01:59 AM
StreetInsider Alert for QCCO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Roth Capital downgrades QC Holdings (Nasdaq: QCCO) from Neutral to Sell on slower growth outlook-Price target $10.
______ Find
08/15/2005 08:01:48 AM
StreetInsider Alert for CRM RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB downgrades Salesforce.com (NYSE: CRM) from Outperform to Neutral, citing short-term positive news already priced into stock.
08/15/2005 08:01:39 AM
StreetInsider Alert for CRM RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --CSFB downgrades Salesforce.com (NYSE: CRM) from 'outperform' to 'neutral'. The analyst said, in the short-term, much of the good news has been priced into the stock.
08/15/2005 08:01:38 AM
StreetInsider Alert for ATVI RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgrades Activision (Nasdaq: ATVI) from Peer Perform to Outperform, citing strong margin improvement and int'l growth.
08/15/2005 08:01:38 AM
StreetInsider Alert for RRGB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wachovia upgrades Red Robin Gourmet (Nasdaq: RRGB) from 'market perform' to 'outperform', citing valuation after last week's sell-off. Valuation range of $52-$62.
08/15/2005 08:01:37 AM
StreetInsider Alert for MIVA RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --MIVA, Inc. (NASDAQ: MIVA) has reached settlement with Overture Services, a subsidiary of Yahoo! Inc. (NASDAQ: YHOO), regarding U.S. Patent No. 6,269,361.
08/15/2005 08:01:32 AM
StreetInsider Alert for SYY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Sysco (NYSE: SYY) reports Q4 earnings of $0.44 per share, in-line with estimates. Q4 revenues were $7.98 billion, lower than analysts estimates of $8.14 billion.
08/15/2005 08:01:31 AM
StreetInsider Alert for WBSN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgrades Websense (Nasdaq: WBSN) from Market Perform to Outperform on positive outlook.
08/15/2005 08:01:31 AM
StreetInsider Alert for TSYS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --TeleCommunication Systems, Inc. (Nasdaq: TSYS) has been selected to provide Information Technology services on an on-call basis to University of Maryland University College, a member institution of the University System of Maryland. The contract with TCS is task-order based and has a period of performance of one year with a potential of four additional years.
08/15/2005 08:01:30 AM
StreetInsider Alert for BBBY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Goldman Sachs downgrades Bed Bath & Beyond (Nasdaq: BBBY) from Outperform to In-Line on valuation.
08/15/2005 08:01:30 AM
StreetInsider Alert for BSX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Boston Scientific (NYSE: BSX) spokesman Paul Donovan today commented about the current litigation with Medinol Ltd: "Although the parties have been engaged in settlement discussions, no agreement has been reached. The trial is scheduled to resume on September 19."
08/15/2005 08:01:29 AM
StreetInsider Alert for DCEL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Dobson Communications Corporation (Nasdaq: DCEL) announced that its new agreements with Cingular have been approved by the boards of directors of the two companies and have become effective.
The company also reported a Q2 net loss of $0.09 per per versus the consensus of a $0.12 loss on revenue of $297.7 million versus the consensus of $267.13 million.
08/15/2005 08:01:28 AM
StreetInsider Alert for SLAB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lehman Bros. upgrades Silicon Labs (Nasdaq: SLAB) from Equalweight to Overweight on positive outlook.
08/15/2005 08:01:28 AM
StreetInsider Alert for ELX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Emulex Corp (NYSE: ELX) announced technology developed with Hewlett-Packard (NYSE: HPQ) to enable deployment of an Emulex-based storage networking connectivity solution helping customers improve performance, achieve cost efficiencies and simplify their storage architecture. The companies have entered into an OEM agreement to deliver an Emulex-based Fibre Channel Mezzanine card for HP BladeSystem server technology, and will continue collaborating via the HP BladeSystem Solution Builder program.
08/15/2005 08:01:26 AM
StreetInsider Alert for PLAB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --ThinkEquity downgrades Phototronics (Nasdaq: PLAB) from Accumulate to Source of Funds, citing near-term limited upside.
08/15/2005 08:01:26 AM
StreetInsider Alert for CNCT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Connetics Corp (Nasdaq: CNCT) announced the positive outcome of its Phase III clinical trial evaluating Desilux VersaFoam-EF, 0.05%, a low-potency topical steroid formulated in the Company's proprietary emollient foam delivery vehicle to treat atopic dermatitis.
08/15/2005 08:01:17 AM
StreetInsider Alert for SVNT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Savient Pharmaceuticals (Nasdaq: SVNT) announced that the United States District Court for the District of New Jersey dismissed, without prejudice, the Consolidated Amended Class Action Complaint filed on December 20, 2002 against the Company and three of its officers.
08/15/2005 08:01:16 AM
StreetInsider Alert for PNC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades PNC Bank (NYSE: PNC) from Neutral to Buy on earnings outlook and positive business outlook.
08/15/2005 08:00:42 AM
StreetInsider Alert for A RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Agilent Technologies (NYSE: A) reports Q3 earnings of $0.28 per share (excluding charges), 2 cents better than analysts estimates. Q3 revenues were $1.69 billion, lower than analysts estimates of $1.74 billion. A reaffirms Q4 earnings and revenue outlook.
08/15/2005 08:00:31 AM
StreetInsider Alert for AXYS RT$
Aug 14, 2005 (streetinsider.com via COMTEX) --Axsys Technologies, Inc. (NASDAQ: AXYS) filed a registration statement with the Securities and Exchange Commission for a public offering of 3,000,000 shares of its common stock.
08/15/2005 08:00:30 AM
StreetInsider Alert for BFT RT$
Aug 14, 2005 (streetinsider.com via COMTEX) --Bally Total Fitness Holding Corporation (NYSE: BFT) received consent from the lenders under its $275 million secured credit agreement to extend to August 31, 2005 the cross default deadline relating to Bally's financial reporting covenant defaults under its public bond indentures.
______ Find
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By StreetInsider.com, Investing-News.Com
Aug 15, 2005, 17:30
http://www.investing-news.com/artman/publish/article_1171.shtml
DAL IMCL DJ:INDU GTW LEXR IVII SNIC CKN BOBE JAS ~ Earlier Find
08/15/2005 05:30:23 PM
StreetInsider Alert for DAL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Delta Air Lines, Inc. (NYSE: DAL) entered into a definitive agreement to sell its wholly owned regional airline subsidiary Atlantic Southeast Airlines, Inc. (ASA) to SkyWest, Inc. (Nasdaq: SKYW) for a purchase price of $425 million in cash.
08/15/2005 05:10:16 PM
StreetInsider Alert for IMCL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --ImClone Systems Incorporated (NASDAQ: IMCL) and UCB entered into a worldwide strategic partnership for the development and commercialization of CDP-791, a novel, investigational antibody targeting the vascular endothelial growth factor receptor-2 (VEGFR-2) that is currently being developed by UCB.
Under terms of the agreement, UCB and ImClone Systems will share equally all agreed upon development costs for CDP-791 as well as worldwide profits derived from its commercialization in indications jointly pursued by the parties. ImClone Systems will also receive an incremental single-digit royalty on net worldwide sales for such labeled indications. ImClone Systems has exclusive commercialization rights to CDP-791 in North America, with UCB receiving such rights in Europe, Japan, and the rest of the world.
______ Find
08/15/2005 04:35:32 PM
StreetInsider Alert for DJ:INDU
Aug 15, 2005 (streetinsider.com via COMTEX) --The Dow finished 34.07 points higher to close at 10,634, the Nasdaq rose 10.14 points to close at 2,167, and the S&P 500 gained 3.48 points to close at 1,234.
The markets closed out the trading session in the green today as technology stocks showed strength and oil prices declined. Volume was light with 1.54 billion shares trading on the NYSE and 1.35 billion on the Nasdaq. Advancers outpaced decliners today by a margin of 19:14 on the NYSE and by 18:13 on the Nasdaq.
In individual stories, Corcept Therapeutics (Nasdaq CORT RT$) closed 14.01% higher after Punk Ziegel started the stock at Buy. On the downside, PFSWeb Inc (Nasdaq: PFSW RT$) closed 23.94% lower after reporting weak Q2 results.
Tomorrow, traders will be watching for economic data CPI, Core CPI, Housing Starts, Building Permits, Industrial Production and Capacity Utilization. CPI, Core CPI, Housing Starts and Building Permits are due to hit the wire at 8:30 A.M. Industrial Production and Capacity Utilization are expected at 9:15 A.M.
08/15/2005 04:35:31 PM
StreetInsider Alert for GTW RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Gateway Inc (NYSE: GTW) reported Q2 EPS of $0.05, may not be comparable to estimates of $0.02. Revenues came in at $873.1 million versus the consensus of $895.41 million. Sees FY05 revenues of $3.9-$4 billion versus the consensus of $4.08 billion and FY05 EPS of $0.13-$0.15 versus the consensus of $0.16.
______ Find
08/15/2005 04:20:22 PM
StreetInsider Alert for LEXR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lexar Media, Inc. (Nasdaq: LEXR) announced that it has settled its patent infringement case with Memorex (Memtek Products Inc.).
The litigation involved only certain CompactFlash(TM) cards sold by Memorex prior to November 2004. In the settlement agreement, Memorex will make a one-time payment for past sales of these products to Lexar and will agree to an injunction which would prohibit it from selling CompactFlash products that infringe Lexar's patents in the future. The settlement agreement does not include a license for future sales.
08/15/2005 04:20:21 PM
StreetInsider Alert for IVII RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --InterVideo Inc (Nasdaq: IVII) reported Q2 EPS of $0.15, 6 cents worse than estimates. Revenues came in at $27.6 million versus the consensus of $54.19 million. Sees Q3 EPS of $0.18-$0.20 versus the consensus of $0.18.
______ Find
08/15/2005 04:15:42 PM
StreetInsider Alert for SNIC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Sonic Solutions (Nasdaq: SNIC) reported Q1 EPS of $0.18, 4 cents better than estimates. Revenues came in at $35.5 million versus the consensus of $33.15 million.
08/15/2005 04:15:42 PM
StreetInsider Alert for CKN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Cash Systems, Inc. (AMEX: CKN) reports a Q2 loss of $0.10 per share on revenue of $16 million, versus the consensus of a $0.05 profit and revenue of $17 million. Sees FY loss of $0.10 versus prior guidance of $0.19-$0.22 per share in earnings. Sees FY05 revenue of $60-$62 milion, versus prior guidance of $64-$66 million.
______ Find
08/15/2005 04:05:35 PM
StreetInsider Alert for BOBE RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Bob Evans Farms Inc (Nasdaq: BOBE) reported Q1 EPS of $0.20, in-line with estimates. Revenues came in at $395.6 million versus the consensus of $381.21 million.
08/15/2005 04:05:34 PM
StreetInsider Alert for JAS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Jo-Ann Stores, Inc (NYSE: JAS) reported a Q2 loss of $0.23, 2 cents worse than estimates. Revenues came in at $383.8 million versus the consensus of $386.37 million.
~~~ A Reasoned Investing Approach ~~~ ~~~ Consistency In Trading !
~~~~~~ [ Opens in a NEW WINDOW ]
WGII DESC SLGN VIVO DSCO
~ Earlier Find `
08/15/2005 01:25:38 PM
StreetInsider Alert for DJ:INDU
Aug 15, 2005 (streetinsider.com via COMTEX) --8/15: Streetinsider.com's Unusual 11 Afternoon Movers:
PFSWeb Inc (Nasdaq: PFSW RT$) 22.89% LOWER; reported weak Q2 results.
TVI Corp (Nasdaq: TVIN RT$) 21.60% LOWER; reported weak Q2 results
Corcept Therapeutics (Nasdaq CORT RT$) 19.96% HIGHER; Punk Ziegel started the stock at Buy.
United Heritage (Nasdaq: UHCP RT$) 16.67% HIGHER; Lothian Oil is buying 3.3 million shares of the Company's stock.
Delta Air Lines (NYSE: DAL RT$) 15.53% LOWER; The NY Times reported that the Company started bankruptcy financing.
Agilent (NYSE: A RT$) 13.44% HIGHER; announced restructuring actions eliminating 1,300 jobs, sells chip unit for $2.66 billion and announces $4B share buyback
Overland Storage (Nasdaq: OVRL RT$) 12.99% LOWER; reported disappointing Q4 results and guided FY06 lower.
MIVA (Nasdaq: MIVA RT$) 9.15% HIGHER; reached a settlement in it's patent litigation with Yahoo's (Nasdaq: YHOO) Overture Services unit.
Matrix Service Co (Nasdaq: MTRX RT$) 8.73% HIGHER; reported Q2 results and gave upbeat FY06 guidance.
Dow Jones (NYSE: DJ RT$) 7.6% HIGHER; New York Post reports Bancroft family pushing for sale. Although recent reports from Bloomberg, have Bancroft's Trustee refuting report.
Salesforce.com (NYSE: CRM RT$) 5.27% LOWER; CSFB downgraded the stock.
08/15/2005 12:50:20 PM
StreetInsider Alert for WGII RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Washington Group International (Nasdaq: WGII) announced today that its subsidiary, Washington Enterprises Emirates LLC, has won a contract from Abu Dhabi Oil Refining Company to perform front-end engineering and design services for a sulfur-handling facility in the United Arab Emirates.
08/15/2005 12:45:21 PM
StreetInsider Alert for DESC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Northern Power Systems, a subsidiary of Distributed Energy Systems Corp (Nasdaq: DESC), has been awarded a $2.05 million contract by Construcciones Mecanicas Monclova S.A. de C.V. (COMMSA) to design, fabricate, integrate and install independent remote power systems for three offshore natural gas drilling platforms in the Gulf of Mexico.
08/15/2005 11:50:09 AM
StreetInsider Alert for DJ:INDU
Aug 15, 2005 (streetinsider.com via COMTEX) --8/15: Streetinsider.com's Unusual 8 Morning Movers:
Corcept Therapeutics (Nasdaq CORT RT$) 28.41% HIGHER; Punk Ziegel started the stock at Buy.
United Heritage (Nasdaq: UHCP RT$) 25.64% HIGHER; Lothian Oil is buying 3.3 million shares of the Company's stock.
TVI Corp (Nasdaq: TVIN RT$) 20.36% LOWER; reported weak Q2 results
PFSWeb Inc (Nasdaq: PFSW RT$) 17.96% LOWER; reported weak Q2 results.
Agilent (NYSE: A RT$) 13.63% HIGHER; announced restructuring actions eliminating 1,300 jobs , sells chip unit for $2.66 billion and announces $4B share buyback
Delta Air Lines (NYSE: DAL RT$) 12.42% LOWER; The NY Times reported that the Company started bankruptcy financing.
Overland Storage (Nasdaq: OVRL RT$) 12.08% LOWER; reported disappointing Q4 results and guided FY06 lower.
Matrix Service Co (Nasdaq: MTRX RT$) 9.98% HIGHER; reported Q2 results and gave upbeat FY06 guidance.
08/15/2005 11:20:15 AM
StreetInsider Alert for SLGN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Silgan Holdings Inc. (Nasdaq: SLGN) announced today that its Board of Directors declared a two-for-one stock split of the issued Common Stock of the Company.
08/15/2005 10:00:25 AM
StreetInsider Alert for VIVO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Meridian Bioscience (NASDAQ: VIVO) announced that its Board of Directors has declared a three-for-two stock split of the Company's common shares. The record date is August 29, 2005 with the payment date set for September 2, 2005. Cash will be paid in lieu of fractional shares.
08/15/2005 09:35:10 AM
StreetInsider Alert for DSCO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Discovery Laboratories, Inc (Nasdaq: DSCO) from 'buy' to 'neutral', saying Surfaxin NDA likely delayed again following FDA 'approvable letter'. The analyst thinks the current delay in the NDA timeline will be at least three months.
~~~ Daytrade The Sharcky Way! ~~~ ~~~ Don't Trade Alone !
~~~~~~ [ Opens in a NEW WINDOW ]
SKX GEPT MRK IDSY PSVD PWER SYY OSIP CRME DLB ELTK FINB ASN AEGN CGN ARLP PIXR NEW WSO HME UDR HXL BDC AEIS DKS INTV CBR ABT SRX TWIN NAPS WBSN TIVO RSAS HRS PGNX OVRL TASR AGM LOW QCCO CRM ATVI RRGB MIVA SYY WBSN TSYS BBBY BSX DCEL SLAB ELX PLAB CNCT SVNT PNC A AXYS BFT Find `
08/15/2005 09:20:18 AM
StreetInsider Alert for SKX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wedbush upgraded Skechers USA Inc (NYSE: SKX) from Hold to Buy; $20.00 price target. The firm cites positive channel checks and an attractive valuation as basis for their recommendation.
08/15/2005 09:20:18 AM
StreetInsider Alert for GEPT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Global ePoint, Inc. (Nasdaq: GEPT) announced its Contract Manufacturing Division has received a $5 million personal computer subcontract order from Avatar Technologies for a major Mexican retailer.
______ Find
08/15/2005 09:10:27 AM
StreetInsider Alert for MRK RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merck & Co., Inc. (NYSE: MRK) announced that the U.S. Food and Drug Administration (FDA) has approved VAQTA(R) (hepatitis A vaccine, inactivated) for use in children 12 months of age and older. VAQTA is now the first and only hepatitis A vaccine that can be used in children as young as 12 months of age. Previously, VAQTA was approved for use in people two years of age and older.
______ Find
08/15/2005 09:05:19 AM
StreetInsider Alert for IDSY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --I.D. Systems, Inc. (Nasdaq: IDSY) announced that it has been awarded a maintenance contract by Target Corporation (NYSE: TGT) to support I.D. Systems' Wireless Asset Net(TM) fleet management system. The system is currently deployed on approximately 400 material handling vehicles in Target distribution facilities throughout the United States. The one-year contract, renewable annually, commenced on August 1, 2005.
08/15/2005 09:05:18 AM
StreetInsider Alert for PSVD RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --pSivida Limited (NASDAQ: PSDV) has moved to clarify recent market speculation and advised that it is in negotiations and is undertaking due diligence to acquire a US based specialized drug delivery company through the issue of its American Depository Receipts to that company's shareholders. The potential acquisition's shareholders could own up to 40% or more of pSivida's stock following an acquisition.
______ Find
08/15/2005 09:00:26 AM
StreetInsider Alert for PWER RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Amtech downgrades Power One (Nasdaq: PWER) from 'buy' to 'hold', saying company is losing share at Cisco (Nasdaq: CSCO), its biggest customer. Also says adoption of Z-One could take longer than expected.
______ Find
08/15/2005 08:55:36 AM
StreetInsider Alert for SYY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --UBS upgraded Sysco Corporation (NYSE: SYY) from Neutral to Buy. The firm sees the recent weakness as an opportunity.
08/15/2005 08:55:13 AM
StreetInsider Alert for OSIP RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --CSFB upgrades OSI Pharmaceuticals (Nasdaq: OSIP) from 'underperform' to 'neutral' with a $48 price target, citing valuation.
______ Find
08/15/2005 08:50:09 AM
StreetInsider Alert for CRME RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Cardiome Pharma Corp. (NASDAQ: CRME) announced results from its Phase 2 clinical trial evaluating Oxypurinol in 405 congestive heart failure patients. Oxypurinol failed to demonstrate a statistically significant benefit over placebo in the primary composite endpoint. In addition, no benefits over placebo were observed in Minnesota CHF Quality of Life index and time to acute clinical events (mortality plus re-hospitalization for heart failure) as secondary endpoints. A significant reduction in serum uric acid levels was observed in patients receiving Oxypurinol.
______ Find
08/15/2005 08:45:22 AM
StreetInsider Alert for DLB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Dolby Laboratories (NYSE: DLB) updated its previously announced revenue guidance for its fiscal year ending September 30, 2005, to a range of $315 to $330 million based on royalty reports it has received from its licensing customers since the beginning of August 2005, versus prior guidance of $335 million to $350 million
Dolby said decided to revise its guidance for fiscal 2005 at this time primarily due to the scheduled expiration at the end of business today, Monday, August 15, 2005, of the lock-up agreements that Dolby's security holders entered into in connection with Dolby's initial public offering in February of this year. As a result of this announcement, the lock-up period will be extended through Thursday, September 1, 2005.
08/15/2005 08:45:22 AM
StreetInsider Alert for ELTK RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Eltek Ltd. (Nasdaq: ELTK) announced the signing of a three-year framework agreement with a U.S. medical equipment manufacturer. This customer already begun to place orders for Eltek's flex-rigid PCBs.
______ Find
08/15/2005 08:40:18 AM
StreetInsider Alert for FINB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded First Indiana Corporation (Nasdaq: FINB) from Buy to Hold. The firm based their downgrade on valuation of the stock.
08/15/2005 08:40:17 AM
StreetInsider Alert for ASN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded Archstone-Smith Trust (NYSE: ASN) from Underweight to Hold. The firm is upgrading Archstone-Smith as they see long-term growth form the Oakwood transaction and the 3 NY City acquisitions.
08/15/2005 08:40:17 AM
StreetInsider Alert for AEGN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Nektar Therapeutics (Nasdaq: NKTR) and Aerogen, Inc. (OTC: AEGN) signed a definitive merger agreement whereby Nektar will acquire Aerogen in a transaction valued at approximately $32 million. Under the terms of the agreement, and upon completion of the acquisition, each share of common stock will be exchanged for a total of approximately $0.75 per common share, comprising either $0.1875 in cash, and approximately $0.5625 per common share in Nektar common stock.
______ Find
08/15/2005 08:35:19 AM
StreetInsider Alert for CGN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Cognitronics Corporation (Amex: CGN) announced the receipt of purchase orders aggregating approximately $2 million for CX4000 Network Media Servers from a major telecommunications service to be delivered during the current year.
08/15/2005 08:35:18 AM
StreetInsider Alert for ARLP RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wachovia downgraded Alliance Resource Partners LP (Nasdaq: ARLP) from Outperform to Market Perform. The firm is downgrading ARLP based on valuation.
08/15/2005 08:35:17 AM
StreetInsider Alert for PIXR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Pacific Crest upgrades Pixar (Nasdaq: PIXR) from 'sector perform' to 'outperform'.
08/15/2005 08:35:08 AM
StreetInsider Alert for NEW RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods downgraded New Century Financial Corporation (NYSE: NEW) from Outperform to Market Perform; $45.00 price target. The firm cites increasing concern about price competition in the subprime sector as cause for their downgrade.
______ Find
08/15/2005 08:30:38 AM
StreetInsider Alert for WSO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded Watsco, Inc. (NYSE: WSO) from Hold to Buy; $53.00 price target. The firm based their recommendation on the recent pullback in the shares.
08/15/2005 08:30:37 AM
StreetInsider Alert for HME RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded Home Properties, Inc. (NYSE: HME) from Hold to Underweight. The firm notes that growth catalysts for 2006 are elusive.
08/15/2005 08:30:36 AM
StreetInsider Alert for UDR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded United Dominion Realty Trust, Inc. (NYSE: UDR) from Hold to Buy; $28.00 price target. The firm cited valuation as cause for their upgrade.
08/15/2005 08:30:26 AM
StreetInsider Alert for HXL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Ryan Beck upgraded Hexcel Corporation (NYSE: HXL) from Market Perform to Outperform; $22.00 price target. According to the firm, HXL reported improved 2Q05 results, demand for commercial aircraft has increased and major aircraft builders have increased build rates for 2006, and the share overhang has been significantly reduced by a public offering of common shares by investors in the company's 2003 issuance of convertible preferred shares.
08/15/2005 08:30:15 AM
StreetInsider Alert for BDC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgraded Belden CDT,Inc. (NYSE: BDC) from Neutral to Sell. The firm's downgrade is primarily due to networking cable market share losses that are likely to continue.
______ Find
08/15/2005 08:25:13 AM
StreetInsider Alert for AEIS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Stanford Group upgrades Advanced Energy (Nasdaq: AEIS) from 'hold' to 'buy' with a $14 price target, citing valuation and and a positive outlook for the semiconductor equipment stocks.
08/15/2005 08:25:13 AM
StreetInsider Alert for DKS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch transferring coverage on Dick's Sporting Goods, Inc. (NYSE: DKS) with a Buy rating. The firm is transferring coverage on the stock and expects multiples to expand as DKS rolls out its superstore story which will increase visibility & growth.
08/15/2005 08:25:12 AM
StreetInsider Alert for INTV RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Raymond James upgrades Intervoice (Nasdaq: INTV) from 'outperform' to 'strong buy'.
______ Find
08/15/2005 08:20:11 AM
StreetInsider Alert for CBR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --CIBER Associates, Inc., a wholly owned subsidiary of CIBER, Inc. (NYSE: CBR) entered into an agreement to transfer a substantial portion of its IBM business, that portion covered by IBM's national staffing contract, to Analysts International Corp. (Nasdaq: ANLY)
As a result of this action, CIBER is reducing its revenue guidance for the third quarter of 2005 by $3 million (now $236-241 million) and for one calendar year by $7 million (now $963-973 million). Earnings guidance is not being adjusted.
______ Find
08/15/2005 08:15:12 AM
StreetInsider Alert for ABT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Abbott Diabetes Care, a division of Abbott (NYSE: ABT) received 510(k) clearance from the FDA to market its FreeStyle Connect blood glucose monitoring system in the point-of-care setting (hospitals and medical clinics).
08/15/2005 08:15:11 AM
StreetInsider Alert for SRX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --SRA International, Inc. (NYSE: SRX) announced that it has been awarded a competitive task order to provide logistics support services to the U.S. Army to enhance unit readiness. The task order, awarded under the General Services Administration Federal Supply Schedule, has an estimated value of $26.8 million over five years if all options are exercised.
______ Find
08/15/2005 08:10:15 AM
StreetInsider Alert for TWIN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Twin Disc, Inc. (NASDAQ: TWIN) received a $9.1 million order for its 8500 Series transmissions. The 3,000-horsepower transmission is used for oil-field fracturing allowing drillers to maximize production with fewer vehicles. This transmission provides the oil and gas industry with high-capacity power and exceptional reliability for well servicing operations in fractioning and concrete pumping.
08/15/2005 08:10:13 AM
StreetInsider Alert for NAPS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Napster (Nasdaq: NAPS) announced an agreement with BellSouth (NYSE: BLS) to offer digital music solutions to new BellSouth FastAccess DSL customers. The agreement marks the first time Napster has aligned with a U.S. Internet service provider for a targeted marketing effort
08/15/2005 08:10:13 AM
StreetInsider Alert for WBSN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Websense, Inc. (Nasdaq: WBSN) announced that its Board of Directors has authorized the repurchase of an additional two million shares of the company's common stock.
08/15/2005 08:10:12 AM
StreetInsider Alert for TIVO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --TiVo Inc. (Nasdaq: TIVO) announced he launch of a video download trial in conjunction with Independent Film Channel (IFC), enabling select TiVo subscribers to download IFC programming over broadband to their TiVo Series2 DVR.
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08/15/2005 08:02:21 AM
StreetInsider Alert for RSAS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch initiates coverage on RSA Security (Nasdaq: RSAS) with a 'neutral' rating saying the shares are fairly valued.
08/15/2005 08:02:14 AM
StreetInsider Alert for HRS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lehman Brothers initiates coverage on Harris (NYSE: HRS) with an 'overweight' rating and $41 price target. The firm expects the Company's defense business to continue to grow faster than expectations.
08/15/2005 08:02:12 AM
StreetInsider Alert for PGNX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Adams Harkness downgrades Progenics Pharmaceuticals (Nasdaq: PGNX) from 'buy' to 'market perform'.
08/15/2005 08:02:11 AM
StreetInsider Alert for OVRL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Overland Storage Inc (NASDAQ: OVRL) reports a Q4 loss of $0.07 per share, versus the consensus of a $0.06 profit. Revenues came in at $55.4 million versus the consensus of $58.85 million. Sees a FY06 loss of $0.10 per share versus the consensus of a $0.25 per share profit.
08/15/2005 08:02:09 AM
StreetInsider Alert for TASR RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --TASER International, Inc. (Nasdaq: TASR) announced the completion of a six-month field study on the use of TASER devices by the Columbus, Ohio Division of Police.
In addition to reductions in suspect and officer injuries, the study found that the TASER device was successfully used to intervene in 14 cases in which the use of lethal force was justified. Twelve of these cases where attempted suicides during which the Columbus Police deployed a TASER device to prevent death or serious injury of an individual.
08/15/2005 08:02:00 AM
StreetInsider Alert for AGM RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --UBS downgraded Federal Agricultural Mortgage (NYSE: AGM) from 'buy' to 'neutral' with a $27 price target.
08/15/2005 08:01:59 AM
StreetInsider Alert for LOW RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lowe's (NYSE: LOW) reports Q2 earnings of $1.05 per share, 3 cents better than estimates. Revenues came in at $11.93 billion versus the consensus of $11.81 billion. Sees Q3 EPS of $0.76-$0.78 versus the consensus of $0.76. Sees FY06 EPS of $3.31-$3.37 versus the consensus of $3.29.
08/15/2005 08:01:59 AM
StreetInsider Alert for QCCO RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Roth Capital downgrades QC Holdings (Nasdaq: QCCO) from Neutral to Sell on slower growth outlook-Price target $10.
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08/15/2005 08:01:48 AM
StreetInsider Alert for CRM RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB downgrades Salesforce.com (NYSE: CRM) from Outperform to Neutral, citing short-term positive news already priced into stock.
08/15/2005 08:01:39 AM
StreetInsider Alert for CRM RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --CSFB downgrades Salesforce.com (NYSE: CRM) from 'outperform' to 'neutral'. The analyst said, in the short-term, much of the good news has been priced into the stock.
08/15/2005 08:01:38 AM
StreetInsider Alert for ATVI RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgrades Activision (Nasdaq: ATVI) from Peer Perform to Outperform, citing strong margin improvement and int'l growth.
08/15/2005 08:01:38 AM
StreetInsider Alert for RRGB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wachovia upgrades Red Robin Gourmet (Nasdaq: RRGB) from 'market perform' to 'outperform', citing valuation after last week's sell-off. Valuation range of $52-$62.
08/15/2005 08:01:37 AM
StreetInsider Alert for MIVA RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --MIVA, Inc. (NASDAQ: MIVA) has reached settlement with Overture Services, a subsidiary of Yahoo! Inc. (NASDAQ: YHOO), regarding U.S. Patent No. 6,269,361.
08/15/2005 08:01:32 AM
StreetInsider Alert for SYY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Sysco (NYSE: SYY) reports Q4 earnings of $0.44 per share, in-line with estimates. Q4 revenues were $7.98 billion, lower than analysts estimates of $8.14 billion.
08/15/2005 08:01:31 AM
StreetInsider Alert for WBSN RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgrades Websense (Nasdaq: WBSN) from Market Perform to Outperform on positive outlook.
08/15/2005 08:01:31 AM
StreetInsider Alert for TSYS RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --TeleCommunication Systems, Inc. (Nasdaq: TSYS) has been selected to provide Information Technology services on an on-call basis to University of Maryland University College, a member institution of the University System of Maryland. The contract with TCS is task-order based and has a period of performance of one year with a potential of four additional years.
08/15/2005 08:01:30 AM
StreetInsider Alert for BBBY RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Goldman Sachs downgrades Bed Bath & Beyond (Nasdaq: BBBY) from Outperform to In-Line on valuation.
08/15/2005 08:01:30 AM
StreetInsider Alert for BSX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Boston Scientific (NYSE: BSX) spokesman Paul Donovan today commented about the current litigation with Medinol Ltd: "Although the parties have been engaged in settlement discussions, no agreement has been reached. The trial is scheduled to resume on September 19."
08/15/2005 08:01:29 AM
StreetInsider Alert for DCEL RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Dobson Communications Corporation (Nasdaq: DCEL) announced that its new agreements with Cingular have been approved by the boards of directors of the two companies and have become effective.
The company also reported a Q2 net loss of $0.09 per per versus the consensus of a $0.12 loss on revenue of $297.7 million versus the consensus of $267.13 million.
08/15/2005 08:01:28 AM
StreetInsider Alert for SLAB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Lehman Bros. upgrades Silicon Labs (Nasdaq: SLAB) from Equalweight to Overweight on positive outlook.
08/15/2005 08:01:28 AM
StreetInsider Alert for ELX RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Emulex Corp (NYSE: ELX) announced technology developed with Hewlett-Packard (NYSE: HPQ) to enable deployment of an Emulex-based storage networking connectivity solution helping customers improve performance, achieve cost efficiencies and simplify their storage architecture. The companies have entered into an OEM agreement to deliver an Emulex-based Fibre Channel Mezzanine card for HP BladeSystem server technology, and will continue collaborating via the HP BladeSystem Solution Builder program.
08/15/2005 08:01:26 AM
StreetInsider Alert for PLAB RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --ThinkEquity downgrades Phototronics (Nasdaq: PLAB) from Accumulate to Source of Funds, citing near-term limited upside.
08/15/2005 08:01:26 AM
StreetInsider Alert for CNCT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Connetics Corp (Nasdaq: CNCT) announced the positive outcome of its Phase III clinical trial evaluating Desilux VersaFoam-EF, 0.05%, a low-potency topical steroid formulated in the Company's proprietary emollient foam delivery vehicle to treat atopic dermatitis.
08/15/2005 08:01:17 AM
StreetInsider Alert for SVNT RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Savient Pharmaceuticals (Nasdaq: SVNT) announced that the United States District Court for the District of New Jersey dismissed, without prejudice, the Consolidated Amended Class Action Complaint filed on December 20, 2002 against the Company and three of its officers.
08/15/2005 08:01:16 AM
StreetInsider Alert for PNC RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades PNC Bank (NYSE: PNC) from Neutral to Buy on earnings outlook and positive business outlook.
08/15/2005 08:00:42 AM
StreetInsider Alert for A RT$
Aug 15, 2005 (streetinsider.com via COMTEX) --Agilent Technologies (NYSE: A) reports Q3 earnings of $0.28 per share (excluding charges), 2 cents better than analysts estimates. Q3 revenues were $1.69 billion, lower than analysts estimates of $1.74 billion. A reaffirms Q4 earnings and revenue outlook.
08/15/2005 08:00:31 AM
StreetInsider Alert for AXYS RT$
Aug 14, 2005 (streetinsider.com via COMTEX) --Axsys Technologies, Inc. (NASDAQ: AXYS) filed a registration statement with the Securities and Exchange Commission for a public offering of 3,000,000 shares of its common stock.
08/15/2005 08:00:30 AM
StreetInsider Alert for BFT RT$
Aug 14, 2005 (streetinsider.com via COMTEX) --Bally Total Fitness Holding Corporation (NYSE: BFT) received consent from the lenders under its $275 million secured credit agreement to extend to August 31, 2005 the cross default deadline relating to Bally's financial reporting covenant defaults under its public bond indentures.
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