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Wednesday, September 07, 2005 10:09:04 PM
Final - StreetInsider Alerts 09/07/2005 @ 04:45:16 PM
By StreetInsider.com, Investing-News.Com
Sep 7, 2005, 18:48
http://www.investing-news.com/artman/publish/article_1266.shtml
LKQX NMGC DJ:INDU HOV XLNX ULCM VRNT CHK VRNT CMVT TTWO COO INTU ~ Earlier Find `
09/07/2005 04:45:16 PM
StreetInsider Alert for LKQX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --LKQ Corporation (NASDAQ: LKQX) filed a registration statement with the SEC for a public offering of 2,750,000 shares of its common stock. The common stock to be offered will consist of 2,000,000 shares to be issued and sold by LKQ and 750,000 shares to be sold by certain selling stockholders.
09/07/2005 04:45:16 PM
StreetInsider Alert for NMGC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --NeoMagic Corporation (Nasdaq: NMGC) granted Sony Corporation of Tokyo, Japan a worldwide, non-exclusive license to all of its patents. In accordance with the agreement, NeoMagic expects to receive gross proceeds of $8.5 million. After deducting fees and commissions, NeoMagic expects to receive net proceeds of approximately $5.6 million.
09/07/2005 04:40:14 PM
StreetInsider Alert for DJ:INDU
Sep 7, 2005 (streetinsider.com via COMTEX) --The Dow finished 44.26 points higher to close at 10,634, the Nasdaq rose 5.17 points to close at 2,172, and the S&P 500 gained 2.97 points to close at 1,236.
The markets closed out the trading session in the green today as oil prices fell below $65 per barrel and the government predicted lower gas prices.
Volume was heavy with 2.04 billion shares trading on the NYSE and 1.48 billion on the Nasdaq. Advancers outpaced decliners today by a margin of 17:16 on the NYSE and by 16:14 on the Nasdaq.
In individual stories, Alnylam Pharmaceuticals (Nasdaq: ALNY RT$) closed 43.83% higher after announcing a multi-year alliance with Novartis (NYSE: NVS RT$) focused on RNA interference. On the downside, Intl Displayworks (Nasdaq: IDWK RT$) closed 16.67% lower after missing Q3 results and guiding lower.
Tomorrow, traders will be watching for economic data on Initial Claims, Wholesale Inventories and Consumer Credit. Initial Claims are due to hit the wire at 8:30 A.M. Wholesale Inventories are scheduled for 10:00 A.M., and Consumer Credit is expected at 3:00 P.M.
09/07/2005 04:40:14 PM
StreetInsider Alert for HOV RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Hovnanian Enterprises Inc. (NYSE: HOV) reported Q3 EPS of $1.76, 2 cents worse than estimates. Revenues came in at $1.3 billion versus the consensus of $1.30 billion. Sees FY05 EPS over $7.00 versus the the consensus of $7.06 and FY06 EPS of $8.05-$8.40 versus the consensus of $8.55.
09/07/2005 04:20:39 PM
StreetInsider Alert for XLNX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Xilinx, Inc. (Nasdaq: XLNX) update guidance for September quarter; September quarter sales guidance is unchanged. Prior guidance called for sales growth to be flat to up 4% sequentially; Gross margin guidance of 61% to 62% is unchanged.; Sales from 90nm products are expected to approach 10% of total revenues.; The September quarter tax rate will decline to approximately 15% from our prior guidance of 24%, primarily due to the recent favorable tax court decision pertaining to cost sharing and the release of related reserves.
09/07/2005 04:15:24 PM
StreetInsider Alert for ULCM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Ulticom Inc. (Nasdaq: ULCM) reported Q2 EPS of $0.09, 2 cents better than estimates. Revenues came in at $15.1 million versus the consensus of $14.56 million.
09/07/2005 04:15:23 PM
StreetInsider Alert for VRNT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Verint Systems Inc. (NASDAQ: VRNT) signed a definitive agreement with MultiVision Intelligent Surveillance Limited to acquire the company's networked video security business. Under the agreement, Verint would acquire substantially all of the networked video security business of MultiVision for approximately $48 million, subject to certain adjustments, through the acquisition of MultiVision's Hong Kong based subsidiary, MultiVision Holdings Limited.
09/07/2005 04:15:23 PM
StreetInsider Alert for CHK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Chesapeake Energy Corporation (NYSE: CHK) announced that it intends to commence a public offering of $250 million of a new series of its cumulative convertible preferred stock with a liquidation preference of $100 per share. Chesapeake intends to use the net proceeds of the offering, together with the proceeds from a concurrent offering of common stock, to repay debt under its bank credit facility or for general corporate purposes.
09/07/2005 04:10:38 PM
StreetInsider Alert for VRNT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Verint Systems Inc. (Nasdaq: VRNT) reported Q2 EPS of $0.25, in-line with estimates. Revenues came in at $74.7 million versus the consensus of $74.10 million.
09/07/2005 04:10:37 PM
StreetInsider Alert for CMVT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Comverse Technology Inc. (Nasdaq: CMVT) reported Q2 EPS of $0.14, 1 cent better than estimates. Revenues came in at $285.8 million versus the consensus of $279.75 million.
09/07/2005 04:10:13 PM
StreetInsider Alert for TTWO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Take-Two Interactive Software Inc. (Nasdaq: TTWO) reported a Q3 loss of $0.41, 3 cents worse than estimates. Revenues came in at $169.9 million versus the consensus of $175.56 million. Sees Q1 EPS of $0.14-$0.20 versus the the consensus of $0.84 and FY06 EPS of $1.25-$1.55 versus the consensus of $1.48.
09/07/2005 04:05:24 PM
StreetInsider Alert for COO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Cooper Companies Inc. (NYSE: COO) reported Q3 EPS of $1.03, 18 cents better than estimates. Revenues came in at $221.1 million versus the consensus of $228.43 million. Sees FY05 EPS of $3.38-$3.41 versus the the consensus of $3.19 and FY06 EPS of $4.00-$4.10 versus the consensus of $4.00.
09/07/2005 04:05:23 PM
StreetInsider Alert for INTU RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Intuit Inc. (Nasdaq: INTU) announced the hiring of Kiran Patel as senior vice president and chief financial officer.
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ETM ROK AAPL BSX CHRD TWIN KMA ASBC CASA DJ:INDU UIC CTE WAB ADLR ONXX ENCY ARRY NOC VRSN SWSI BDK ~ Earlier Find `
09/07/2005 03:30:12 PM
StreetInsider Alert for ETM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Entercom Communications Corp. (NYSE: ETM) announces the withdrawal of its guidance as published on August 9, 2005, due to the impact of Hurricane Katrina on its radio operations in New Orleans. The company said the New Orleans radio market represents approximately six percent of Entercom's annual revenues and station operating income. The company also said the amount, duration and timing of any financial impact on Entercom's financial results cannot be determined at this time.
09/07/2005 02:05:18 PM
StreetInsider Alert for ROK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Rockwell Automation, Inc. (NYSE: ROK) announced that its Board of Directors authorized the company to repurchase up to 9 million shares of Rockwell Automation common stock between Sept. 7, 2005 and Sept. 30, 2006. This replaces a similar stock repurchase program authorized on Dec. 4, 2004.
09/07/2005 02:00:17 PM
StreetInsider Alert for AAPL RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Apple (Nasdaq: AAPL) replaces iPod 'mini' with iPod 'nano'. Says has color display and can hold 1000 songs.
09/07/2005 02:00:16 PM
StreetInsider Alert for BSX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Boston Scientific Corporation (NYSE: BSX) commented on its third quarter performance. Speaking at the 2005 Thomas Weisel Partners Healthcare Conference in Boston, Larry Best, Boston Scientific Chief Financial Officer, said that third quarter results to date have been soft compared to expectations and that revenues and earnings for the quarter are unlikely to reach the levels on which previous guidance for the quarter had been based.
The company remains hopeful that they will meet their guidance for the year on revenues and earnings.
09/07/2005 01:45:17 PM
StreetInsider Alert for CHRD RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Chordiant Software, Inc. (Nasdaq: CHRD) announced that HSBC - Card Services, one of the top ten issuers of Visa and Mastercard credit cards in the United States, has selected Chordiant's solution to service credit card disputes across all channels.
______ Find
09/07/2005 12:50:20 PM
StreetInsider Alert for TWIN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Twin Disc, Inc. (NASDAQ: TWIN) announced the Company has been awarded a $6.9 million contract to supply transmissions for the U.S. Army's M88A2 Hercules combat recovery vehicle. The M88A2 is a full-tracked armored vehicle used to perform battlefield rescue and recovery of heavy tanks and other combat vehicles.
09/07/2005 12:05:36 PM
StreetInsider Alert for KMA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray initiates coverage on KMG America Corp. (NYSE: KMA) with an 'outperform' rating and $10.50 price target.
09/07/2005 12:05:35 PM
StreetInsider Alert for ASBC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Associated Bancorp (Nasdaq: ASBC) from 'market perform' to 'outperform' with a $39 price target.
09/07/2005 11:35:10 AM
StreetInsider Alert for CASA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Mexican Restaurants, Inc. (Nasdaq: CASA) said its Board of Directors approved an increase of $1,000,000 to its stock repurchase program announced on May 9, 2005. Under this program, as amended, Mexican Restaurants is now authorized to spend up to $1,249,733 over the next 16 months to repurchase outstanding shares of its common stock.
09/07/2005 10:50:26 AM
StreetInsider Alert for DJ:INDU
Sep 7, 2005 (streetinsider.com via COMTEX) --9/7: Streetinsider.com's Unusual 8 Morning Movers:
Alnylam Pharmaceuticals (Nasdaq: ALNY RT$) 42.89% HIGHER; announce a multi-year alliance with Novartis (NYSE: NVS) focused on RNA interference.
Elec For Imaging (Nasdaq: EFII RT$) 19.03% HIGHER; raised Q3 guidance.
ADTRAN (Nasdaq: ADTN RT$) 18.12% HIGHER; guided Q3, FY05 higher. In addition, Legg Mason upgraded the stock.
Intl Displayworks (Nasdaq: IDWK RT$) 17.41% LOWER; missed Q3 results and guided lower. In addition, Roth downgraded the stock.
Shuffle Master (Nasdaq: SHFL RT$) 16.62% HIGHER; reported Q3, guided FY05 higher, and Banc of America upgraded the stock.
Spectrum Brands (NYSE: SPC RT$) 13.94% LOWER; guided Q4 lower.
Unova (NYSE: UNA RT$) 12.19% HIGHER; Bear Stearns upgraded the stock.
Ventiv Health (Nasdaq: VTIV RT$) 11.02% HIGHER; to acquire inChord Communications for $185 million in cash and stock.
09/07/2005 10:30:17 AM
StreetInsider Alert for UIC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --United Industrial Corporation (NYSE: UIC) said its Board authorized a new stock repurchase plan for up to $15 million.
09/07/2005 10:15:20 AM
StreetInsider Alert for CTE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --CardioTech International, Inc. (Amex: CTE) said it ts wholly owned subsidiary, Gish Biomedical Inc. has received FDA clearance for its auto transfusion and cardiotomy reservoir products with GBS Coating for the cardiopulmonary surgery market.
09/07/2005 09:55:15 AM
StreetInsider Alert for WAB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wabtec Corporation (NYSE: WAB) announced that its MotivePower subsidiary has signed an $8 million contract to overhaul seven commuter locomotives for the Metro-North Commuter Railroad Company in New York. The second-largest commuter railroad in the U.S., Metro-North provides passenger transportation services in New York City and its suburbs in New York, New Jersey and Connecticut.
09/07/2005 09:50:39 AM
StreetInsider Alert for ADLR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Adolor Corp. (Nasdaq: ADLR) with a 'hold' rating.
09/07/2005 09:45:20 AM
StreetInsider Alert for ONXX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Onyx Pharmaceuticals Inc. (Nasdaq: ONXX) with a 'hold' rating and $20 price target.
09/07/2005 09:40:19 AM
StreetInsider Alert for ENCY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Encysive Pharmaceuticals Inc. (Nasdaq: ENCY) with a 'buy' rating and $18 price target.
09/07/2005 09:40:19 AM
StreetInsider Alert for ARRY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Array Biopharma Inc. (Nasdaq: ARRY) with a 'buy' rating and $10 price target.
09/07/2005 09:30:29 AM
StreetInsider Alert for NOC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Freidman Billings initiates coverage on Northrop Grumman Corp. (NYSE: NOC) with a 'market perform' rating and $62 price target.
09/07/2005 09:30:28 AM
StreetInsider Alert for VRSN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Amtech initiates VeriSign (Nasdaq: VRSN) with a Hold rating; $26 price target.
09/07/2005 09:30:18 AM
StreetInsider Alert for SWSI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --KeyBanc initiates Superior Well Services (Nasdaq: SWSI) with a Buy rating; $29 price target.
09/07/2005 09:30:17 AM
StreetInsider Alert for BDK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Longbow upgraded Black & Decker (NYSE: BDK) from Neutral to Buy.
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INSP MHS SIRF EFJI NE EAT MRK LLY APPB BMY PFE SINT WYE APC PRGO AMRI SGMS MYE HIB PGNX INTX FADV EFX GHCI KND KFN PBG ALJ SHFL RBAK LMT MCD ATK AFR DOVP KNOT EDS DRAX UBS CSR PCAP UNA ADTN IDWK CYTK CKFR HCR MKC PLB TS SGMO GEPT GTXI ISPH STEM FTEK JPM HPQ BCR DNA CRA GGXY ARTC MMS YUM MVSN SPC VTIV MKC EYE ADTN ALNY BG TSN ING ESRX ABS RL PANC ADTN Find `
09/07/2005 09:25:11 AM
StreetInsider Alert for INSP RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Amtech initiates InfoSpace (Nasdaq: INSP) with a Hold rating; $26 price target.
09/07/2005 09:25:11 AM
StreetInsider Alert for MHS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades Medco Health Solutions Inc (NYSE: MHS) from 'neutral' to 'buy' with a $60 price target
______ Find
09/07/2005 09:20:18 AM
StreetInsider Alert for SIRF RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --CE Unterberg downgraded SiRF Technology (Nasdaq: SIRF) from Buy to Market Perform; $28 price target.
______ Find
09/07/2005 09:15:18 AM
StreetInsider Alert for EFJI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --CE Unterberg initiates EFJ (Nasdaq: EFJI) with a Buy rating; $11 price target.
______ Find
09/07/2005 09:05:30 AM
StreetInsider Alert for NE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Noble Corporation (NYSE: NE) announced that Bruce W. Busmire, 47, will join Noble as its Senior Vice President and Chief Financial Officer, Treasurer and Controller effective October 1, 2005.
______ Find
09/07/2005 08:55:25 AM
StreetInsider Alert for EAT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bears Stearns upgrades Brinker International Inc. (NYSE: EAT) from 'peer perform' to 'outperform'.
09/07/2005 08:55:24 AM
StreetInsider Alert for MRK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiated Merck (NYSE: MRK) with a Peer Perform rating.
09/07/2005 08:55:24 AM
StreetInsider Alert for LLY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiated Eli Lilly (NYSE: LLY) with a Peer Perform rating.
09/07/2005 08:55:23 AM
StreetInsider Alert for APPB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bears Stearns downgrades Applebee's International (Nasdaq: APPB) from 'outperform' to 'peer perform', citing disappointing August sales and expected impact from Katrina.
09/07/2005 08:55:19 AM
StreetInsider Alert for BMY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiated Bristol-Myers (NYSE: BMY) with a Peer Perform rating.
09/07/2005 08:55:17 AM
StreetInsider Alert for PFE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiates Pfizer (NYSE: PFE) with an Outperform rating; $34 price target.
09/07/2005 08:55:07 AM
StreetInsider Alert for SINT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --SI International, Inc. (Nasdaq: SINT) was awarded a new task order by the Defense Information Systems Agency to support the Department of Defense Internet Protocol version six Transition Office. The one-year task order is valued at $3.8 million.
______ Find
09/07/2005 08:50:17 AM
StreetInsider Alert for WYE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiates Wyeth (NYSE: WYE) with an Outperform; $53 price target.
09/07/2005 08:50:16 AM
StreetInsider Alert for APC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Soleil Securities upgrades Anadarko Petroleum Corp. (NYSE: APC) from 'sell' to 'hold', beneficiary of improved outlook for natural gas sector as gas surplus should continue to diminish.
______ Find
09/07/2005 08:45:27 AM
StreetInsider Alert for PRGO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Perrigo Co. (Nasdaq: PRGO) reports Q4 earnings of $0.14 per share, 2 cents worse than estiamtes. Revenues came in at $324.5 million versus the consensus of $304.7 million. Earnings forecast has been lowered by $0.20 per share in the past month due to the current expectations of a steeper decline in the sale of pseudoephedrine-based products.
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09/07/2005 08:45:26 AM
StreetInsider Alert for AMRI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Albany Molecular Research, Inc. (Nasdaq: AMRI) announced the renewal of a manufacturing agreement with GE Healthcare (NYSE: GE).
______ Find
09/07/2005 08:40:44 AM
StreetInsider Alert for SGMS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --SCIENTIFIC GAMES CORPORATION (Nasdaq: SGMS) announced that the Washington D.C. Lottery has awarded Scientific Games a contract to provide cooperative services including telemarketing, warehousing and distribution of instant tickets as well as other related services. The contract is scheduled to begin in November of 2005 and contains an initial term of one year with four one-year options to renew.
09/07/2005 08:40:43 AM
StreetInsider Alert for MYE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --KeyBanc downgrades Myers Industries (NYSE: MYE) from Buy to Hold.
09/07/2005 08:40:38 AM
StreetInsider Alert for HIB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Capital One Financial Corporation (NYSE: COF) and Hibernia Corporation (NYSE: HIB) announced they have renegotiated the purchase price of the Capital One acquisition of Hibernia, which is now valued at approximately $5.0 billion. This represents a reduction in economic value of 9 percent relative to the previous terms. The companies now expect the transaction will close in the fourth quarter of 2005.
Under the terms of the amendment to the merger agreement, which has been approved by both companies' boards of directors, Hibernia shareholders will have the right, subject to proration, to elect to receive cash or Capital One common stock, in either case having a value per Hibernia share equal to $13.95 plus the value at closing of .2055 Capital One shares. Based on the price of Capital One shares at the close of business on Tuesday, Sept. 6, 2005, of $80.50, the transaction is valued at $30.49 per Hibernia share.
09/07/2005 08:40:14 AM
StreetInsider Alert for PGNX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Needham initiates Progenics Pharm (Nasdaq: PGNX) with a Buy rating; $30 price target.
______ Find
09/07/2005 08:35:22 AM
StreetInsider Alert for INTX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --William Blair initiates Intersections (Nasdaq: INTX) with a Market Perform rating.
09/07/2005 08:35:21 AM
StreetInsider Alert for FADV RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --William Blair initiates First Advantage (Nasdaq: FADV) with a Market Perform rating.
09/07/2005 08:35:21 AM
StreetInsider Alert for EFX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --William Blair initiates Equifax (NYSE: EFX) with an Outperform rating.
09/07/2005 08:35:20 AM
StreetInsider Alert for GHCI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wachovia initiates Genesis HealthCare (Nasdaq: GHCI) with a Market Perform rating.
______ Find
09/07/2005 08:30:26 AM
StreetInsider Alert for KND RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wachovia initiates Kindred Healthcare (NYSE: KND) with a Market Perform rating.
09/07/2005 08:30:25 AM
StreetInsider Alert for KFN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on KKR Financial (NYSE: KFN) with a Peer Perform rating.
09/07/2005 08:30:23 AM
StreetInsider Alert for PBG RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --The Pepsi Bottling Group, Inc. (NYSE: PBG) affirmed its forecast for third quarter diluted earnings per share (EPS) and projected that its results will likely reach the high end of its guidance range of $0.76 to $0.78. For the full year, diluted EPS are projected to be $1.82 to $1.88, with worldwide volume growth of about three percent and a net revenue per case increase of three percent. The full-year volume projection excludes the impact of the 53rd week (Q3 cons is $0.77 and FY cons is 1.86)
09/07/2005 08:30:12 AM
StreetInsider Alert for ALJ RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiates Alon USA Energy (NYSE: ALJ) with a Buy rating; $31 price target.
______ Find
09/07/2005 08:25:21 AM
StreetInsider Alert for SHFL RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Banc of America upgrades Shuffle Master Inc. (Nasdaq: SHFL) from 'hold' to 'buy' with a $30 price target, sees positive risk/reward.
09/07/2005 08:25:20 AM
StreetInsider Alert for RBAK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Morgan Joseph initiates Redback Networks (Nasdaq: RBAK) with a Buy rating; $12 price target.
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09/07/2005 08:25:19 AM
StreetInsider Alert for LMT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Friedman Billings initiates Lockheed Martin (NYSE: LMT) with an Outperform; $74 price target.
09/07/2005 08:25:07 AM
StreetInsider Alert for MCD RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bears Steanrs upgrades McDonald's Corp. (NYSE: MCD) from 'peer perform' to 'outperform' with a $39 price target, says company is benefiting from improved menu offerings, among other things.
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09/07/2005 08:20:43 AM
StreetInsider Alert for ATK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason initiates coverage on Alliant Techsystems Inc. (NYSE: ATK) with a 'hold' rating, sees only modest upside remaining after the recent share price increase.
09/07/2005 08:20:41 AM
StreetInsider Alert for AFR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades American Financial Realty Trust (NYSE: AFR) from 'hold' to 'buy', cites yield and ability to maintain the dividend.
______ Find
09/07/2005 08:15:18 AM
StreetInsider Alert for DOVP RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Friedman Billings initiates coverage on DOV Pharmaceutical Inc. (Nasdaq: DOVP) with an 'outperform' rating and $23 price target.
______ Find
09/07/2005 08:10:20 AM
StreetInsider Alert for KNOT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merriman Curhan initiates coverage on The Knot (Nasdaq: KNOT) with a 'buy' rating.
09/07/2005 08:10:20 AM
StreetInsider Alert for EDS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --EDS (NYSE: EDS) has been awarded an approximately $59.1 million, three-year contract extension by the state of Oklahoma to continue processing healthcare provider claims and provide hardware and software upgrades for the state's Medicaid Management Information System developed by EDS.
09/07/2005 08:10:18 AM
StreetInsider Alert for DRAX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --DRAXIS Health Inc. (Nasdaq: DRAX) said it has begun to resume production sterile and lyophilized products after shutdown. Now sees 2005 revenue of $80 to $84 million, versus prior guidance of $88 to $92 million. Basic earnings per share from continuing operations for 2005 are now expected to range between 23 cents and 26 cents, compared to prior guidance of 27 to 30 cents per share. (cons is $89.11M and $0.26)
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09/07/2005 08:05:23 AM
StreetInsider Alert for UBS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded UBS (NYSE: UBS) from 'hold' to 'buy'.
09/07/2005 08:05:15 AM
StreetInsider Alert for CSR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Credit Suisse Group (NYSE: CSR) from 'hold' to 'buy'.
09/07/2005 08:02:00 AM
StreetInsider Alert for PCAP RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Jefferies initiates coverage on Patriot Capital (NASDAQ: PCAP) with a 'buy' rating and $16 price target.
09/07/2005 08:02:00 AM
StreetInsider Alert for UNA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgrades Unova (NYSE: UNA) from 'peer perform' to 'outperform', citing improved visibility to RFID royalty streams and the resolution of legal wranglings with Symbol Technologies (NYSE: SBL).
09/07/2005 08:01:53 AM
StreetInsider Alert for ADTN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades ADTRAN Inc. (Nasdaq: ADTN) from 'hold' to 'buy' with a $35 price target, after raised guidance from the company.
09/07/2005 08:01:53 AM
StreetInsider Alert for IDWK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Roth Capital downgrades International Displayworks Inc. (Nasdaq: IDWK) from 'strong buy' to 'buy' with a $10 price target.
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~~~~~~~~~~~~~~~~~~ [ Opens in a NEW WINDOW ]
09/07/2005 08:01:52 AM
StreetInsider Alert for CYTK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --JMP Securities initiates coverage on Cytokinetics Inc. (Nasdaq: CYTK) with a 'market outperform' rating and $13 price target.
09/07/2005 08:01:51 AM
StreetInsider Alert for CKFR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --JMP Securities upgrades CheckFree Corp (Nasdaq: CKFR) from 'market outperform' to 'strong buy' and raises its price target to $48.
09/07/2005 08:01:50 AM
StreetInsider Alert for HCR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wachovia initiates coverage on Manor Care Inc. (NYSE: HCR) with an 'outperform' rating and valuation range of $45-$50.
09/07/2005 08:01:49 AM
StreetInsider Alert for MKC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason downgrades McCormick & Co. Inc. (NYSE: MKC) from 'buy' to 'hold' following reduce guidance.
09/07/2005 08:01:45 AM
StreetInsider Alert for PLB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades American Italian Pasta Co (NYSE: PLB) from 'sell' to 'hold'.
09/07/2005 08:01:43 AM
StreetInsider Alert for TS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --UBS downgrades Tenaris (NYSE: TS) from 'buy' to 'neutral' but raises its price target to $120, says TYD run-up discounts positive benefits.
09/07/2005 08:01:42 AM
StreetInsider Alert for SGMO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Novo Nordisk A/S (NYSE: NVO) and Sangamo BioSciences, Inc. (Nasdaq: SGMO) announced an agreement that provides Novo Nordisk with access to Sangamo's proprietary zinc finger DNA-binding protein (ZFP) technology. Sangamo will provide its ZFP technology for Novo Nordisk to evaluate for use in the field of enhanced protein production.
09/07/2005 08:01:42 AM
StreetInsider Alert for GEPT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Global ePoint, Inc. (Nasdaq: GEPT) received an additional $3 million order in conjunction with the $5 million personal computer subcontract order from Avatar Technologies for a major Mexican retailer.
09/07/2005 08:01:41 AM
StreetInsider Alert for GTXI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --GTx, Inc. (Nasdaq: GTXI) announced that results from its Phase I clinical trials for ostarine, its second selective androgen receptor modulator, were consistent with anabolic activity without evidence of unwanted androgenic side effects on prostate and skin sebaceous glands. GTx intends to begin a Phase II clinical trial of ostarine for the treatment of muscle wasting associated with burns during the fourth quarter of 2005.
09/07/2005 08:01:40 AM
StreetInsider Alert for ISPH RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Inspire Pharmaceuticals, Inc. (NASDAQ: ISPH) said the SEC is conducting a formal, nonpublic investigation, which the Company believes relates to trading in the Company's securities surrounding its February 9, 2005 announcement of the results of its Phase 3 clinical trial of diquafosol tetrasodium for treatment of dry eye (Study 109), as well as the Company's disclosures regarding this Phase 3 clinical trial. The Company and one of its directors have each received a subpoena in connection with this investigation.
09/07/2005 08:01:40 AM
StreetInsider Alert for STEM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --StemCells, Inc. (NASDAQ: STEM) announced the appointment of Rodney K.B. Young as Chief Financial Officer and Vice President, Finance, effective September 6, 2005.
09/07/2005 08:01:39 AM
StreetInsider Alert for FTEK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Fuel-Tech N.V. (Nasdaq: FTEK) announced it was awarded a $9.3 million contract for the installation of the Company's NOxOUT Selective Non-Catalytic Reduction technology on four newly constructed 600 megawatt coal-fired boilers in the People's Republic of China.
09/07/2005 08:01:30 AM
StreetInsider Alert for JPM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades JPMorgan Chase (NYSE: JPM) from 'market perform' to 'outperform', citing attractive valuation.
09/07/2005 08:01:29 AM
StreetInsider Alert for HPQ RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --UBS upgraded Hewlett-Packard (NYSE: HPQ) from 'neutral' to 'buy' and raises its price target to $35, saying cost cutting and better executive can continue to deliver earnings per share upside.
09/07/2005 08:01:28 AM
StreetInsider Alert for BCR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt initiates coverage on C.R. Bard (NYSE: BCR) with an 'outperform' rating and $77 price target.
09/07/2005 08:01:27 AM
StreetInsider Alert for DNA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Friedman Billings downgrades Genentech (NYSE: DNA) from 'outperform' to 'market perform' with a $94 price target, citing valuation.
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~~~~~~ [ Opens in a NEW WINDOW ]
09/07/2005 08:01:20 AM
StreetInsider Alert for CRA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Celera Diagnostics, a joint venture between the Celera Genomics Group (NYSE: CRA) and Applied Biosystems Group (NYSE: ABI) of Applera Corp, announced the extension of its collaboration with Merck & Co. (NYSE: MRK), aimed at developing new treatments for Alzheimer's disease. Under this collaboration, Celera Diagnostics and Merck will combine their research efforts in the genetics of this devastating brain disease to genetically validate and prioritize a series of genes targeted for drug development.
09/07/2005 08:01:19 AM
StreetInsider Alert for GGXY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray initiates coverage on recent IPO, Golf Galaxy, Inc. (Nasdaq: GGXY), with a 'outperform' rating and $24.50 price target. Says 35x multiple is apporpriate given long-term EPS growth of 35%.
09/07/2005 08:01:18 AM
StreetInsider Alert for ARTC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --ArthroCare (Nasdaq:ARTC) announced it has signed a worldwide product supply agreement with the Endoscopy business of Smith & Nephew (NYSE: SNN). Under the agreement, ArthroCare will manufacture bipolar and monopolar arthroscopy products for worldwide sale by Smith & Nephew. As part of a joint licensing agreement, ArthroCare also will receive royalty payments for all bipolar products Smith & Nephew sells in the United States and for bipolar shaver products manufactured and sold by Smith & Nephew worldwide.
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09/07/2005 08:01:17 AM
StreetInsider Alert for MMS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --MAXIMUS (NYSE:MMS) announced it has signed a one-year, $17 million contract with the State of Georgia Department of Community Health to provide enrollment services for the Georgia Healthy Families Program. This new, competitively-awarded contract contains three one-year option years for contract renewal that, if exercised, could bring the total contract value to more that $60 million.
09/07/2005 08:01:01 AM
StreetInsider Alert for YUM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --UBS Securities upgrades YUM! Brands (NYSE: YUM) from Neutral to Buy after recent dip in stock price
______ Find
09/07/2005 08:01:01 AM
StreetInsider Alert for MVSN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Macrovision Corp. (Nasdaq: MVSN) from 'neutral' to 'buy' with a $24 price target, following meetings with new management.
09/07/2005 08:00:59 AM
StreetInsider Alert for SPC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Spectrum Brands (NYSE: SPC) now sees Q4 earnings between $0.10-0.15 per share, lower than analysts estimates of $0.36.
09/07/2005 08:00:50 AM
StreetInsider Alert for VTIV RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Ventiv Health (Nasdaq: VTIV) announced that it has signed a definitive agreement to acquire inChord Communications, Inc., the world's largest independently-owned global healthcare marketing and communications company. Under the terms of the agreement, Ventiv will purchase inChord for $185 million in cash and stock, plus earn-out payments for exceeding specified financial targets. The acquisition is expected to be immediately accretive to Ventiv earnings and will add $0.03-$0.04 to Ventiv's fourth quarter 2005.
09/07/2005 08:00:49 AM
StreetInsider Alert for MKC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades McCormick & Co. (NYSE: MKC) from Buy to Neutral on slower sales outlook.
09/07/2005 08:00:49 AM
StreetInsider Alert for EYE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Advanced Medical Optics, Inc. (NYSE: EYE) received approval from the FDA to treat high myopia, also known as nearsightedness, and myopic astigmatism with the STAR S4 IR Excimer Laser System with the CustomVue procedure.
09/07/2005 08:00:40 AM
StreetInsider Alert for ADTN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Adtran (Nasdaq: ADTN) now sees Q3 earnings between $0.38-0.40 per share, higher than analysts estimates of $0.31. ADTN also guides higher on Q3 revenue outlook. The Company sees full-year earnings between $1.18-1.22, higher than analysts estimates of $1.09.
09/07/2005 08:00:39 AM
StreetInsider Alert for ALNY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Novartis (NYSE: NVS) and Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), announced a major multi-year alliance focused on the discovery of innovative therapeutics based on RNA interference (RNAi).
Novartis will make initial payments of approximately $56.8 million to Alnylam, consisting of upfront payments and the purchase of approximately 4.2 million shares of Alnylam common stock at a price of $11.11 per share. The number of shares of Alnylam common stock to be purchased by Novartis will be determined prior to closing and will equal 19.9% of the outstanding common stock of Alnylam on the closing date. Following receipt of certain approvals, Novartis will purchase at a price of $11.11 per share an additional number of shares of Alnylam common stock so that Novartis holds an equity interest equal to 19.9% of the total outstanding common stock of Alnylam after giving effect to the purchases by Novartis. In addition, Alnylam is eligible to receive, across multiple programs, research and early development funding, progress milestones, pre-clinical and clinical development milestones, sales milestones and royalty payments.
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~~~~~~ [ Opens in a NEW WINDOW ]
09/07/2005 08:00:38 AM
StreetInsider Alert for BG RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bunge Limited (NYSE: BG) now sees full-year earnings between $4.05-4.22 per share, better than analysts estimates of $3.89 per share.
09/07/2005 08:00:37 AM
StreetInsider Alert for TSN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Tyson Foods (NYSE: TSN) now sees full-year 2005 earnings between $0.92-1.02 per share, lower than analysts estimates of $1.08.
09/07/2005 08:00:34 AM
StreetInsider Alert for ING RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Reports say ING (NYSE: ING) has agreed to sell its 70% stake in one of its Swiss private banking units, Banque Baring Brothers, to its CEO.
09/07/2005 08:00:33 AM
StreetInsider Alert for ESRX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades Express Scripts (Nasdaq: ESRX) from Buy to Neutral on valuation.
09/07/2005 08:00:32 AM
StreetInsider Alert for ABS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Albertson's (NYSE: ABS) reports Q2 earnings of $0.30 per share, 4 cents worse than estimates. Q2 revenues were $10.2 billion, slightly lower than analysts estimates of $10.28 billion. ABS reaffirms full-year earnings outlook.
09/07/2005 08:00:31 AM
StreetInsider Alert for RL RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Polo Ralph Lauren Corporation (NYSE: RL) sees full-year 2006 earnings between $2.85-2.92. Analysts estimates are for $2.93 per share.
______ Find
09/07/2005 08:00:30 AM
StreetInsider Alert for PANC RT$
Sep 6, 2005 (streetinsider.com via COMTEX) --Panacos Pharmaceuticals, Inc. (Nasdaq: PANC) filed a shelf registration statement on Form S-3 with the SEC which, when declared effective by the SEC, will allow Panacos from time to time to offer and sell up to $50 million of equity securities.
09/07/2005 08:00:27 AM
StreetInsider Alert for ADTN RT$
Sep 6, 2005 (streetinsider.com via COMTEX) --ADTRAN, Inc. (NASDAQ: ADTN) raises Q3 guidance. Revenue for the quarter is expected to range from $143 million to $147 million. Earnings per share for the quarter, assuming dilution, are expected to range from $0.38 to $0.40, versus the consensus of $129.52 millin and $0.31.
The Company also issued revised guidance for the year 2005. Revenue for the year is expected to range from $503 million to $511 million. Earnings per share, assuming dilution, are expected to range from $1.18 to $1.22. The revenue consensus is $486.82 million and EPS consensus is $1.09.
______ Find
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By StreetInsider.com, Investing-News.Com
Sep 7, 2005, 18:48
http://www.investing-news.com/artman/publish/article_1266.shtml
LKQX NMGC DJ:INDU HOV XLNX ULCM VRNT CHK VRNT CMVT TTWO COO INTU ~ Earlier Find `
09/07/2005 04:45:16 PM
StreetInsider Alert for LKQX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --LKQ Corporation (NASDAQ: LKQX) filed a registration statement with the SEC for a public offering of 2,750,000 shares of its common stock. The common stock to be offered will consist of 2,000,000 shares to be issued and sold by LKQ and 750,000 shares to be sold by certain selling stockholders.
09/07/2005 04:45:16 PM
StreetInsider Alert for NMGC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --NeoMagic Corporation (Nasdaq: NMGC) granted Sony Corporation of Tokyo, Japan a worldwide, non-exclusive license to all of its patents. In accordance with the agreement, NeoMagic expects to receive gross proceeds of $8.5 million. After deducting fees and commissions, NeoMagic expects to receive net proceeds of approximately $5.6 million.
09/07/2005 04:40:14 PM
StreetInsider Alert for DJ:INDU
Sep 7, 2005 (streetinsider.com via COMTEX) --The Dow finished 44.26 points higher to close at 10,634, the Nasdaq rose 5.17 points to close at 2,172, and the S&P 500 gained 2.97 points to close at 1,236.
The markets closed out the trading session in the green today as oil prices fell below $65 per barrel and the government predicted lower gas prices.
Volume was heavy with 2.04 billion shares trading on the NYSE and 1.48 billion on the Nasdaq. Advancers outpaced decliners today by a margin of 17:16 on the NYSE and by 16:14 on the Nasdaq.
In individual stories, Alnylam Pharmaceuticals (Nasdaq: ALNY RT$) closed 43.83% higher after announcing a multi-year alliance with Novartis (NYSE: NVS RT$) focused on RNA interference. On the downside, Intl Displayworks (Nasdaq: IDWK RT$) closed 16.67% lower after missing Q3 results and guiding lower.
Tomorrow, traders will be watching for economic data on Initial Claims, Wholesale Inventories and Consumer Credit. Initial Claims are due to hit the wire at 8:30 A.M. Wholesale Inventories are scheduled for 10:00 A.M., and Consumer Credit is expected at 3:00 P.M.
09/07/2005 04:40:14 PM
StreetInsider Alert for HOV RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Hovnanian Enterprises Inc. (NYSE: HOV) reported Q3 EPS of $1.76, 2 cents worse than estimates. Revenues came in at $1.3 billion versus the consensus of $1.30 billion. Sees FY05 EPS over $7.00 versus the the consensus of $7.06 and FY06 EPS of $8.05-$8.40 versus the consensus of $8.55.
09/07/2005 04:20:39 PM
StreetInsider Alert for XLNX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Xilinx, Inc. (Nasdaq: XLNX) update guidance for September quarter; September quarter sales guidance is unchanged. Prior guidance called for sales growth to be flat to up 4% sequentially; Gross margin guidance of 61% to 62% is unchanged.; Sales from 90nm products are expected to approach 10% of total revenues.; The September quarter tax rate will decline to approximately 15% from our prior guidance of 24%, primarily due to the recent favorable tax court decision pertaining to cost sharing and the release of related reserves.
09/07/2005 04:15:24 PM
StreetInsider Alert for ULCM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Ulticom Inc. (Nasdaq: ULCM) reported Q2 EPS of $0.09, 2 cents better than estimates. Revenues came in at $15.1 million versus the consensus of $14.56 million.
09/07/2005 04:15:23 PM
StreetInsider Alert for VRNT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Verint Systems Inc. (NASDAQ: VRNT) signed a definitive agreement with MultiVision Intelligent Surveillance Limited to acquire the company's networked video security business. Under the agreement, Verint would acquire substantially all of the networked video security business of MultiVision for approximately $48 million, subject to certain adjustments, through the acquisition of MultiVision's Hong Kong based subsidiary, MultiVision Holdings Limited.
09/07/2005 04:15:23 PM
StreetInsider Alert for CHK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Chesapeake Energy Corporation (NYSE: CHK) announced that it intends to commence a public offering of $250 million of a new series of its cumulative convertible preferred stock with a liquidation preference of $100 per share. Chesapeake intends to use the net proceeds of the offering, together with the proceeds from a concurrent offering of common stock, to repay debt under its bank credit facility or for general corporate purposes.
09/07/2005 04:10:38 PM
StreetInsider Alert for VRNT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Verint Systems Inc. (Nasdaq: VRNT) reported Q2 EPS of $0.25, in-line with estimates. Revenues came in at $74.7 million versus the consensus of $74.10 million.
09/07/2005 04:10:37 PM
StreetInsider Alert for CMVT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Comverse Technology Inc. (Nasdaq: CMVT) reported Q2 EPS of $0.14, 1 cent better than estimates. Revenues came in at $285.8 million versus the consensus of $279.75 million.
09/07/2005 04:10:13 PM
StreetInsider Alert for TTWO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Take-Two Interactive Software Inc. (Nasdaq: TTWO) reported a Q3 loss of $0.41, 3 cents worse than estimates. Revenues came in at $169.9 million versus the consensus of $175.56 million. Sees Q1 EPS of $0.14-$0.20 versus the the consensus of $0.84 and FY06 EPS of $1.25-$1.55 versus the consensus of $1.48.
09/07/2005 04:05:24 PM
StreetInsider Alert for COO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Cooper Companies Inc. (NYSE: COO) reported Q3 EPS of $1.03, 18 cents better than estimates. Revenues came in at $221.1 million versus the consensus of $228.43 million. Sees FY05 EPS of $3.38-$3.41 versus the the consensus of $3.19 and FY06 EPS of $4.00-$4.10 versus the consensus of $4.00.
09/07/2005 04:05:23 PM
StreetInsider Alert for INTU RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Intuit Inc. (Nasdaq: INTU) announced the hiring of Kiran Patel as senior vice president and chief financial officer.
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~~~~~~ [ Opens in a NEW WINDOW ]
ETM ROK AAPL BSX CHRD TWIN KMA ASBC CASA DJ:INDU UIC CTE WAB ADLR ONXX ENCY ARRY NOC VRSN SWSI BDK ~ Earlier Find `
09/07/2005 03:30:12 PM
StreetInsider Alert for ETM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Entercom Communications Corp. (NYSE: ETM) announces the withdrawal of its guidance as published on August 9, 2005, due to the impact of Hurricane Katrina on its radio operations in New Orleans. The company said the New Orleans radio market represents approximately six percent of Entercom's annual revenues and station operating income. The company also said the amount, duration and timing of any financial impact on Entercom's financial results cannot be determined at this time.
09/07/2005 02:05:18 PM
StreetInsider Alert for ROK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Rockwell Automation, Inc. (NYSE: ROK) announced that its Board of Directors authorized the company to repurchase up to 9 million shares of Rockwell Automation common stock between Sept. 7, 2005 and Sept. 30, 2006. This replaces a similar stock repurchase program authorized on Dec. 4, 2004.
09/07/2005 02:00:17 PM
StreetInsider Alert for AAPL RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Apple (Nasdaq: AAPL) replaces iPod 'mini' with iPod 'nano'. Says has color display and can hold 1000 songs.
09/07/2005 02:00:16 PM
StreetInsider Alert for BSX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Boston Scientific Corporation (NYSE: BSX) commented on its third quarter performance. Speaking at the 2005 Thomas Weisel Partners Healthcare Conference in Boston, Larry Best, Boston Scientific Chief Financial Officer, said that third quarter results to date have been soft compared to expectations and that revenues and earnings for the quarter are unlikely to reach the levels on which previous guidance for the quarter had been based.
The company remains hopeful that they will meet their guidance for the year on revenues and earnings.
09/07/2005 01:45:17 PM
StreetInsider Alert for CHRD RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Chordiant Software, Inc. (Nasdaq: CHRD) announced that HSBC - Card Services, one of the top ten issuers of Visa and Mastercard credit cards in the United States, has selected Chordiant's solution to service credit card disputes across all channels.
______ Find
09/07/2005 12:50:20 PM
StreetInsider Alert for TWIN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Twin Disc, Inc. (NASDAQ: TWIN) announced the Company has been awarded a $6.9 million contract to supply transmissions for the U.S. Army's M88A2 Hercules combat recovery vehicle. The M88A2 is a full-tracked armored vehicle used to perform battlefield rescue and recovery of heavy tanks and other combat vehicles.
09/07/2005 12:05:36 PM
StreetInsider Alert for KMA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray initiates coverage on KMG America Corp. (NYSE: KMA) with an 'outperform' rating and $10.50 price target.
09/07/2005 12:05:35 PM
StreetInsider Alert for ASBC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Associated Bancorp (Nasdaq: ASBC) from 'market perform' to 'outperform' with a $39 price target.
09/07/2005 11:35:10 AM
StreetInsider Alert for CASA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Mexican Restaurants, Inc. (Nasdaq: CASA) said its Board of Directors approved an increase of $1,000,000 to its stock repurchase program announced on May 9, 2005. Under this program, as amended, Mexican Restaurants is now authorized to spend up to $1,249,733 over the next 16 months to repurchase outstanding shares of its common stock.
09/07/2005 10:50:26 AM
StreetInsider Alert for DJ:INDU
Sep 7, 2005 (streetinsider.com via COMTEX) --9/7: Streetinsider.com's Unusual 8 Morning Movers:
Alnylam Pharmaceuticals (Nasdaq: ALNY RT$) 42.89% HIGHER; announce a multi-year alliance with Novartis (NYSE: NVS) focused on RNA interference.
Elec For Imaging (Nasdaq: EFII RT$) 19.03% HIGHER; raised Q3 guidance.
ADTRAN (Nasdaq: ADTN RT$) 18.12% HIGHER; guided Q3, FY05 higher. In addition, Legg Mason upgraded the stock.
Intl Displayworks (Nasdaq: IDWK RT$) 17.41% LOWER; missed Q3 results and guided lower. In addition, Roth downgraded the stock.
Shuffle Master (Nasdaq: SHFL RT$) 16.62% HIGHER; reported Q3, guided FY05 higher, and Banc of America upgraded the stock.
Spectrum Brands (NYSE: SPC RT$) 13.94% LOWER; guided Q4 lower.
Unova (NYSE: UNA RT$) 12.19% HIGHER; Bear Stearns upgraded the stock.
Ventiv Health (Nasdaq: VTIV RT$) 11.02% HIGHER; to acquire inChord Communications for $185 million in cash and stock.
09/07/2005 10:30:17 AM
StreetInsider Alert for UIC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --United Industrial Corporation (NYSE: UIC) said its Board authorized a new stock repurchase plan for up to $15 million.
09/07/2005 10:15:20 AM
StreetInsider Alert for CTE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --CardioTech International, Inc. (Amex: CTE) said it ts wholly owned subsidiary, Gish Biomedical Inc. has received FDA clearance for its auto transfusion and cardiotomy reservoir products with GBS Coating for the cardiopulmonary surgery market.
09/07/2005 09:55:15 AM
StreetInsider Alert for WAB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wabtec Corporation (NYSE: WAB) announced that its MotivePower subsidiary has signed an $8 million contract to overhaul seven commuter locomotives for the Metro-North Commuter Railroad Company in New York. The second-largest commuter railroad in the U.S., Metro-North provides passenger transportation services in New York City and its suburbs in New York, New Jersey and Connecticut.
09/07/2005 09:50:39 AM
StreetInsider Alert for ADLR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Adolor Corp. (Nasdaq: ADLR) with a 'hold' rating.
09/07/2005 09:45:20 AM
StreetInsider Alert for ONXX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Onyx Pharmaceuticals Inc. (Nasdaq: ONXX) with a 'hold' rating and $20 price target.
09/07/2005 09:40:19 AM
StreetInsider Alert for ENCY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Encysive Pharmaceuticals Inc. (Nasdaq: ENCY) with a 'buy' rating and $18 price target.
09/07/2005 09:40:19 AM
StreetInsider Alert for ARRY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Array Biopharma Inc. (Nasdaq: ARRY) with a 'buy' rating and $10 price target.
09/07/2005 09:30:29 AM
StreetInsider Alert for NOC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Freidman Billings initiates coverage on Northrop Grumman Corp. (NYSE: NOC) with a 'market perform' rating and $62 price target.
09/07/2005 09:30:28 AM
StreetInsider Alert for VRSN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Amtech initiates VeriSign (Nasdaq: VRSN) with a Hold rating; $26 price target.
09/07/2005 09:30:18 AM
StreetInsider Alert for SWSI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --KeyBanc initiates Superior Well Services (Nasdaq: SWSI) with a Buy rating; $29 price target.
09/07/2005 09:30:17 AM
StreetInsider Alert for BDK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Longbow upgraded Black & Decker (NYSE: BDK) from Neutral to Buy.
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~~~~~~ [ Opens in a NEW WINDOW ]
INSP MHS SIRF EFJI NE EAT MRK LLY APPB BMY PFE SINT WYE APC PRGO AMRI SGMS MYE HIB PGNX INTX FADV EFX GHCI KND KFN PBG ALJ SHFL RBAK LMT MCD ATK AFR DOVP KNOT EDS DRAX UBS CSR PCAP UNA ADTN IDWK CYTK CKFR HCR MKC PLB TS SGMO GEPT GTXI ISPH STEM FTEK JPM HPQ BCR DNA CRA GGXY ARTC MMS YUM MVSN SPC VTIV MKC EYE ADTN ALNY BG TSN ING ESRX ABS RL PANC ADTN Find `
09/07/2005 09:25:11 AM
StreetInsider Alert for INSP RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Amtech initiates InfoSpace (Nasdaq: INSP) with a Hold rating; $26 price target.
09/07/2005 09:25:11 AM
StreetInsider Alert for MHS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades Medco Health Solutions Inc (NYSE: MHS) from 'neutral' to 'buy' with a $60 price target
______ Find
09/07/2005 09:20:18 AM
StreetInsider Alert for SIRF RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --CE Unterberg downgraded SiRF Technology (Nasdaq: SIRF) from Buy to Market Perform; $28 price target.
______ Find
09/07/2005 09:15:18 AM
StreetInsider Alert for EFJI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --CE Unterberg initiates EFJ (Nasdaq: EFJI) with a Buy rating; $11 price target.
______ Find
09/07/2005 09:05:30 AM
StreetInsider Alert for NE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Noble Corporation (NYSE: NE) announced that Bruce W. Busmire, 47, will join Noble as its Senior Vice President and Chief Financial Officer, Treasurer and Controller effective October 1, 2005.
______ Find
09/07/2005 08:55:25 AM
StreetInsider Alert for EAT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bears Stearns upgrades Brinker International Inc. (NYSE: EAT) from 'peer perform' to 'outperform'.
09/07/2005 08:55:24 AM
StreetInsider Alert for MRK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiated Merck (NYSE: MRK) with a Peer Perform rating.
09/07/2005 08:55:24 AM
StreetInsider Alert for LLY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiated Eli Lilly (NYSE: LLY) with a Peer Perform rating.
09/07/2005 08:55:23 AM
StreetInsider Alert for APPB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bears Stearns downgrades Applebee's International (Nasdaq: APPB) from 'outperform' to 'peer perform', citing disappointing August sales and expected impact from Katrina.
09/07/2005 08:55:19 AM
StreetInsider Alert for BMY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiated Bristol-Myers (NYSE: BMY) with a Peer Perform rating.
09/07/2005 08:55:17 AM
StreetInsider Alert for PFE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiates Pfizer (NYSE: PFE) with an Outperform rating; $34 price target.
09/07/2005 08:55:07 AM
StreetInsider Alert for SINT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --SI International, Inc. (Nasdaq: SINT) was awarded a new task order by the Defense Information Systems Agency to support the Department of Defense Internet Protocol version six Transition Office. The one-year task order is valued at $3.8 million.
______ Find
09/07/2005 08:50:17 AM
StreetInsider Alert for WYE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns reinitiates Wyeth (NYSE: WYE) with an Outperform; $53 price target.
09/07/2005 08:50:16 AM
StreetInsider Alert for APC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Soleil Securities upgrades Anadarko Petroleum Corp. (NYSE: APC) from 'sell' to 'hold', beneficiary of improved outlook for natural gas sector as gas surplus should continue to diminish.
______ Find
09/07/2005 08:45:27 AM
StreetInsider Alert for PRGO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Perrigo Co. (Nasdaq: PRGO) reports Q4 earnings of $0.14 per share, 2 cents worse than estiamtes. Revenues came in at $324.5 million versus the consensus of $304.7 million. Earnings forecast has been lowered by $0.20 per share in the past month due to the current expectations of a steeper decline in the sale of pseudoephedrine-based products.
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09/07/2005 08:45:26 AM
StreetInsider Alert for AMRI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Albany Molecular Research, Inc. (Nasdaq: AMRI) announced the renewal of a manufacturing agreement with GE Healthcare (NYSE: GE).
______ Find
09/07/2005 08:40:44 AM
StreetInsider Alert for SGMS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --SCIENTIFIC GAMES CORPORATION (Nasdaq: SGMS) announced that the Washington D.C. Lottery has awarded Scientific Games a contract to provide cooperative services including telemarketing, warehousing and distribution of instant tickets as well as other related services. The contract is scheduled to begin in November of 2005 and contains an initial term of one year with four one-year options to renew.
09/07/2005 08:40:43 AM
StreetInsider Alert for MYE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --KeyBanc downgrades Myers Industries (NYSE: MYE) from Buy to Hold.
09/07/2005 08:40:38 AM
StreetInsider Alert for HIB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Capital One Financial Corporation (NYSE: COF) and Hibernia Corporation (NYSE: HIB) announced they have renegotiated the purchase price of the Capital One acquisition of Hibernia, which is now valued at approximately $5.0 billion. This represents a reduction in economic value of 9 percent relative to the previous terms. The companies now expect the transaction will close in the fourth quarter of 2005.
Under the terms of the amendment to the merger agreement, which has been approved by both companies' boards of directors, Hibernia shareholders will have the right, subject to proration, to elect to receive cash or Capital One common stock, in either case having a value per Hibernia share equal to $13.95 plus the value at closing of .2055 Capital One shares. Based on the price of Capital One shares at the close of business on Tuesday, Sept. 6, 2005, of $80.50, the transaction is valued at $30.49 per Hibernia share.
09/07/2005 08:40:14 AM
StreetInsider Alert for PGNX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Needham initiates Progenics Pharm (Nasdaq: PGNX) with a Buy rating; $30 price target.
______ Find
09/07/2005 08:35:22 AM
StreetInsider Alert for INTX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --William Blair initiates Intersections (Nasdaq: INTX) with a Market Perform rating.
09/07/2005 08:35:21 AM
StreetInsider Alert for FADV RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --William Blair initiates First Advantage (Nasdaq: FADV) with a Market Perform rating.
09/07/2005 08:35:21 AM
StreetInsider Alert for EFX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --William Blair initiates Equifax (NYSE: EFX) with an Outperform rating.
09/07/2005 08:35:20 AM
StreetInsider Alert for GHCI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wachovia initiates Genesis HealthCare (Nasdaq: GHCI) with a Market Perform rating.
______ Find
09/07/2005 08:30:26 AM
StreetInsider Alert for KND RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wachovia initiates Kindred Healthcare (NYSE: KND) with a Market Perform rating.
09/07/2005 08:30:25 AM
StreetInsider Alert for KFN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on KKR Financial (NYSE: KFN) with a Peer Perform rating.
09/07/2005 08:30:23 AM
StreetInsider Alert for PBG RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --The Pepsi Bottling Group, Inc. (NYSE: PBG) affirmed its forecast for third quarter diluted earnings per share (EPS) and projected that its results will likely reach the high end of its guidance range of $0.76 to $0.78. For the full year, diluted EPS are projected to be $1.82 to $1.88, with worldwide volume growth of about three percent and a net revenue per case increase of three percent. The full-year volume projection excludes the impact of the 53rd week (Q3 cons is $0.77 and FY cons is 1.86)
09/07/2005 08:30:12 AM
StreetInsider Alert for ALJ RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Deutsche Bank initiates Alon USA Energy (NYSE: ALJ) with a Buy rating; $31 price target.
______ Find
09/07/2005 08:25:21 AM
StreetInsider Alert for SHFL RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Banc of America upgrades Shuffle Master Inc. (Nasdaq: SHFL) from 'hold' to 'buy' with a $30 price target, sees positive risk/reward.
09/07/2005 08:25:20 AM
StreetInsider Alert for RBAK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Morgan Joseph initiates Redback Networks (Nasdaq: RBAK) with a Buy rating; $12 price target.
~~~ Houston PC-Users' Investing Info ! ~~~ ~~~ What To Look For !
~~~~~~ [ Opens in a NEW WINDOW ]
09/07/2005 08:25:19 AM
StreetInsider Alert for LMT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Friedman Billings initiates Lockheed Martin (NYSE: LMT) with an Outperform; $74 price target.
09/07/2005 08:25:07 AM
StreetInsider Alert for MCD RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bears Steanrs upgrades McDonald's Corp. (NYSE: MCD) from 'peer perform' to 'outperform' with a $39 price target, says company is benefiting from improved menu offerings, among other things.
______ Find
09/07/2005 08:20:43 AM
StreetInsider Alert for ATK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason initiates coverage on Alliant Techsystems Inc. (NYSE: ATK) with a 'hold' rating, sees only modest upside remaining after the recent share price increase.
09/07/2005 08:20:41 AM
StreetInsider Alert for AFR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades American Financial Realty Trust (NYSE: AFR) from 'hold' to 'buy', cites yield and ability to maintain the dividend.
______ Find
09/07/2005 08:15:18 AM
StreetInsider Alert for DOVP RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Friedman Billings initiates coverage on DOV Pharmaceutical Inc. (Nasdaq: DOVP) with an 'outperform' rating and $23 price target.
______ Find
09/07/2005 08:10:20 AM
StreetInsider Alert for KNOT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merriman Curhan initiates coverage on The Knot (Nasdaq: KNOT) with a 'buy' rating.
09/07/2005 08:10:20 AM
StreetInsider Alert for EDS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --EDS (NYSE: EDS) has been awarded an approximately $59.1 million, three-year contract extension by the state of Oklahoma to continue processing healthcare provider claims and provide hardware and software upgrades for the state's Medicaid Management Information System developed by EDS.
09/07/2005 08:10:18 AM
StreetInsider Alert for DRAX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --DRAXIS Health Inc. (Nasdaq: DRAX) said it has begun to resume production sterile and lyophilized products after shutdown. Now sees 2005 revenue of $80 to $84 million, versus prior guidance of $88 to $92 million. Basic earnings per share from continuing operations for 2005 are now expected to range between 23 cents and 26 cents, compared to prior guidance of 27 to 30 cents per share. (cons is $89.11M and $0.26)
______ Find
09/07/2005 08:05:23 AM
StreetInsider Alert for UBS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded UBS (NYSE: UBS) from 'hold' to 'buy'.
09/07/2005 08:05:15 AM
StreetInsider Alert for CSR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Credit Suisse Group (NYSE: CSR) from 'hold' to 'buy'.
09/07/2005 08:02:00 AM
StreetInsider Alert for PCAP RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Jefferies initiates coverage on Patriot Capital (NASDAQ: PCAP) with a 'buy' rating and $16 price target.
09/07/2005 08:02:00 AM
StreetInsider Alert for UNA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgrades Unova (NYSE: UNA) from 'peer perform' to 'outperform', citing improved visibility to RFID royalty streams and the resolution of legal wranglings with Symbol Technologies (NYSE: SBL).
09/07/2005 08:01:53 AM
StreetInsider Alert for ADTN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades ADTRAN Inc. (Nasdaq: ADTN) from 'hold' to 'buy' with a $35 price target, after raised guidance from the company.
09/07/2005 08:01:53 AM
StreetInsider Alert for IDWK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Roth Capital downgrades International Displayworks Inc. (Nasdaq: IDWK) from 'strong buy' to 'buy' with a $10 price target.
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~~~~~~~~~~~~~~~~~~ [ Opens in a NEW WINDOW ]
09/07/2005 08:01:52 AM
StreetInsider Alert for CYTK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --JMP Securities initiates coverage on Cytokinetics Inc. (Nasdaq: CYTK) with a 'market outperform' rating and $13 price target.
09/07/2005 08:01:51 AM
StreetInsider Alert for CKFR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --JMP Securities upgrades CheckFree Corp (Nasdaq: CKFR) from 'market outperform' to 'strong buy' and raises its price target to $48.
09/07/2005 08:01:50 AM
StreetInsider Alert for HCR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Wachovia initiates coverage on Manor Care Inc. (NYSE: HCR) with an 'outperform' rating and valuation range of $45-$50.
09/07/2005 08:01:49 AM
StreetInsider Alert for MKC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason downgrades McCormick & Co. Inc. (NYSE: MKC) from 'buy' to 'hold' following reduce guidance.
09/07/2005 08:01:45 AM
StreetInsider Alert for PLB RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Legg Mason upgrades American Italian Pasta Co (NYSE: PLB) from 'sell' to 'hold'.
09/07/2005 08:01:43 AM
StreetInsider Alert for TS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --UBS downgrades Tenaris (NYSE: TS) from 'buy' to 'neutral' but raises its price target to $120, says TYD run-up discounts positive benefits.
09/07/2005 08:01:42 AM
StreetInsider Alert for SGMO RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Novo Nordisk A/S (NYSE: NVO) and Sangamo BioSciences, Inc. (Nasdaq: SGMO) announced an agreement that provides Novo Nordisk with access to Sangamo's proprietary zinc finger DNA-binding protein (ZFP) technology. Sangamo will provide its ZFP technology for Novo Nordisk to evaluate for use in the field of enhanced protein production.
09/07/2005 08:01:42 AM
StreetInsider Alert for GEPT RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Global ePoint, Inc. (Nasdaq: GEPT) received an additional $3 million order in conjunction with the $5 million personal computer subcontract order from Avatar Technologies for a major Mexican retailer.
09/07/2005 08:01:41 AM
StreetInsider Alert for GTXI RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --GTx, Inc. (Nasdaq: GTXI) announced that results from its Phase I clinical trials for ostarine, its second selective androgen receptor modulator, were consistent with anabolic activity without evidence of unwanted androgenic side effects on prostate and skin sebaceous glands. GTx intends to begin a Phase II clinical trial of ostarine for the treatment of muscle wasting associated with burns during the fourth quarter of 2005.
09/07/2005 08:01:40 AM
StreetInsider Alert for ISPH RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Inspire Pharmaceuticals, Inc. (NASDAQ: ISPH) said the SEC is conducting a formal, nonpublic investigation, which the Company believes relates to trading in the Company's securities surrounding its February 9, 2005 announcement of the results of its Phase 3 clinical trial of diquafosol tetrasodium for treatment of dry eye (Study 109), as well as the Company's disclosures regarding this Phase 3 clinical trial. The Company and one of its directors have each received a subpoena in connection with this investigation.
09/07/2005 08:01:40 AM
StreetInsider Alert for STEM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --StemCells, Inc. (NASDAQ: STEM) announced the appointment of Rodney K.B. Young as Chief Financial Officer and Vice President, Finance, effective September 6, 2005.
09/07/2005 08:01:39 AM
StreetInsider Alert for FTEK RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Fuel-Tech N.V. (Nasdaq: FTEK) announced it was awarded a $9.3 million contract for the installation of the Company's NOxOUT Selective Non-Catalytic Reduction technology on four newly constructed 600 megawatt coal-fired boilers in the People's Republic of China.
09/07/2005 08:01:30 AM
StreetInsider Alert for JPM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades JPMorgan Chase (NYSE: JPM) from 'market perform' to 'outperform', citing attractive valuation.
09/07/2005 08:01:29 AM
StreetInsider Alert for HPQ RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --UBS upgraded Hewlett-Packard (NYSE: HPQ) from 'neutral' to 'buy' and raises its price target to $35, saying cost cutting and better executive can continue to deliver earnings per share upside.
09/07/2005 08:01:28 AM
StreetInsider Alert for BCR RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Harris Nesbitt initiates coverage on C.R. Bard (NYSE: BCR) with an 'outperform' rating and $77 price target.
09/07/2005 08:01:27 AM
StreetInsider Alert for DNA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Friedman Billings downgrades Genentech (NYSE: DNA) from 'outperform' to 'market perform' with a $94 price target, citing valuation.
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09/07/2005 08:01:20 AM
StreetInsider Alert for CRA RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Celera Diagnostics, a joint venture between the Celera Genomics Group (NYSE: CRA) and Applied Biosystems Group (NYSE: ABI) of Applera Corp, announced the extension of its collaboration with Merck & Co. (NYSE: MRK), aimed at developing new treatments for Alzheimer's disease. Under this collaboration, Celera Diagnostics and Merck will combine their research efforts in the genetics of this devastating brain disease to genetically validate and prioritize a series of genes targeted for drug development.
09/07/2005 08:01:19 AM
StreetInsider Alert for GGXY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Piper Jaffray initiates coverage on recent IPO, Golf Galaxy, Inc. (Nasdaq: GGXY), with a 'outperform' rating and $24.50 price target. Says 35x multiple is apporpriate given long-term EPS growth of 35%.
09/07/2005 08:01:18 AM
StreetInsider Alert for ARTC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --ArthroCare (Nasdaq:ARTC) announced it has signed a worldwide product supply agreement with the Endoscopy business of Smith & Nephew (NYSE: SNN). Under the agreement, ArthroCare will manufacture bipolar and monopolar arthroscopy products for worldwide sale by Smith & Nephew. As part of a joint licensing agreement, ArthroCare also will receive royalty payments for all bipolar products Smith & Nephew sells in the United States and for bipolar shaver products manufactured and sold by Smith & Nephew worldwide.
______ Find
09/07/2005 08:01:17 AM
StreetInsider Alert for MMS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --MAXIMUS (NYSE:MMS) announced it has signed a one-year, $17 million contract with the State of Georgia Department of Community Health to provide enrollment services for the Georgia Healthy Families Program. This new, competitively-awarded contract contains three one-year option years for contract renewal that, if exercised, could bring the total contract value to more that $60 million.
09/07/2005 08:01:01 AM
StreetInsider Alert for YUM RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --UBS Securities upgrades YUM! Brands (NYSE: YUM) from Neutral to Buy after recent dip in stock price
______ Find
09/07/2005 08:01:01 AM
StreetInsider Alert for MVSN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --First Albany upgrades Macrovision Corp. (Nasdaq: MVSN) from 'neutral' to 'buy' with a $24 price target, following meetings with new management.
09/07/2005 08:00:59 AM
StreetInsider Alert for SPC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Spectrum Brands (NYSE: SPC) now sees Q4 earnings between $0.10-0.15 per share, lower than analysts estimates of $0.36.
09/07/2005 08:00:50 AM
StreetInsider Alert for VTIV RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Ventiv Health (Nasdaq: VTIV) announced that it has signed a definitive agreement to acquire inChord Communications, Inc., the world's largest independently-owned global healthcare marketing and communications company. Under the terms of the agreement, Ventiv will purchase inChord for $185 million in cash and stock, plus earn-out payments for exceeding specified financial targets. The acquisition is expected to be immediately accretive to Ventiv earnings and will add $0.03-$0.04 to Ventiv's fourth quarter 2005.
09/07/2005 08:00:49 AM
StreetInsider Alert for MKC RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades McCormick & Co. (NYSE: MKC) from Buy to Neutral on slower sales outlook.
09/07/2005 08:00:49 AM
StreetInsider Alert for EYE RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Advanced Medical Optics, Inc. (NYSE: EYE) received approval from the FDA to treat high myopia, also known as nearsightedness, and myopic astigmatism with the STAR S4 IR Excimer Laser System with the CustomVue procedure.
09/07/2005 08:00:40 AM
StreetInsider Alert for ADTN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Adtran (Nasdaq: ADTN) now sees Q3 earnings between $0.38-0.40 per share, higher than analysts estimates of $0.31. ADTN also guides higher on Q3 revenue outlook. The Company sees full-year earnings between $1.18-1.22, higher than analysts estimates of $1.09.
09/07/2005 08:00:39 AM
StreetInsider Alert for ALNY RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Novartis (NYSE: NVS) and Alnylam Pharmaceuticals, Inc. (Nasdaq: ALNY), announced a major multi-year alliance focused on the discovery of innovative therapeutics based on RNA interference (RNAi).
Novartis will make initial payments of approximately $56.8 million to Alnylam, consisting of upfront payments and the purchase of approximately 4.2 million shares of Alnylam common stock at a price of $11.11 per share. The number of shares of Alnylam common stock to be purchased by Novartis will be determined prior to closing and will equal 19.9% of the outstanding common stock of Alnylam on the closing date. Following receipt of certain approvals, Novartis will purchase at a price of $11.11 per share an additional number of shares of Alnylam common stock so that Novartis holds an equity interest equal to 19.9% of the total outstanding common stock of Alnylam after giving effect to the purchases by Novartis. In addition, Alnylam is eligible to receive, across multiple programs, research and early development funding, progress milestones, pre-clinical and clinical development milestones, sales milestones and royalty payments.
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09/07/2005 08:00:38 AM
StreetInsider Alert for BG RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Bunge Limited (NYSE: BG) now sees full-year earnings between $4.05-4.22 per share, better than analysts estimates of $3.89 per share.
09/07/2005 08:00:37 AM
StreetInsider Alert for TSN RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Tyson Foods (NYSE: TSN) now sees full-year 2005 earnings between $0.92-1.02 per share, lower than analysts estimates of $1.08.
09/07/2005 08:00:34 AM
StreetInsider Alert for ING RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Reports say ING (NYSE: ING) has agreed to sell its 70% stake in one of its Swiss private banking units, Banque Baring Brothers, to its CEO.
09/07/2005 08:00:33 AM
StreetInsider Alert for ESRX RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Merrill Lynch downgrades Express Scripts (Nasdaq: ESRX) from Buy to Neutral on valuation.
09/07/2005 08:00:32 AM
StreetInsider Alert for ABS RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Albertson's (NYSE: ABS) reports Q2 earnings of $0.30 per share, 4 cents worse than estimates. Q2 revenues were $10.2 billion, slightly lower than analysts estimates of $10.28 billion. ABS reaffirms full-year earnings outlook.
09/07/2005 08:00:31 AM
StreetInsider Alert for RL RT$
Sep 7, 2005 (streetinsider.com via COMTEX) --Polo Ralph Lauren Corporation (NYSE: RL) sees full-year 2006 earnings between $2.85-2.92. Analysts estimates are for $2.93 per share.
______ Find
09/07/2005 08:00:30 AM
StreetInsider Alert for PANC RT$
Sep 6, 2005 (streetinsider.com via COMTEX) --Panacos Pharmaceuticals, Inc. (Nasdaq: PANC) filed a shelf registration statement on Form S-3 with the SEC which, when declared effective by the SEC, will allow Panacos from time to time to offer and sell up to $50 million of equity securities.
09/07/2005 08:00:27 AM
StreetInsider Alert for ADTN RT$
Sep 6, 2005 (streetinsider.com via COMTEX) --ADTRAN, Inc. (NASDAQ: ADTN) raises Q3 guidance. Revenue for the quarter is expected to range from $143 million to $147 million. Earnings per share for the quarter, assuming dilution, are expected to range from $0.38 to $0.40, versus the consensus of $129.52 millin and $0.31.
The Company also issued revised guidance for the year 2005. Revenue for the year is expected to range from $503 million to $511 million. Earnings per share, assuming dilution, are expected to range from $1.18 to $1.22. The revenue consensus is $486.82 million and EPS consensus is $1.09.
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