GSL TRMB DPII VFC AXYS WASH IVN DNA V SKYF VVUS EMAG AQNT DUCK ASCL MS ATK SYS SGMS IDNX MMLP BSG ACI EPNY NOC VION MFE OATS QLGC UNA VAR CSC MOSY SFNT SVR CTMI NTAP COGN GKIS VLGC HPQ DOC IVAC ISTA SIRI DISH MCDT SYNC IM ISSX RSAS IMDC PCLE
03/21/2005 09:15:18 AM StreetInsider Alert for GSL
Mar 21, 2005 (streetinsider.com via COMTEX) --Global Signal Inc. (NYSE: GSL) announced that it has agreed to purchase 169 wireless communications towers for approximately $55.1 million from Triton PCS Holdings, Inc. (NYSE: TPC). The transaction is expected to close in the second half of 2005 and is subject to customary closing conditions.
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03/21/2005 09:10:15 AM StreetInsider Alert for TRMB
Mar 21, 2005 (streetinsider.com via COMTEX) --Trimble (Nasdaq: TRMB) announced that it has entered into a definitive agreement to acquire privately held Apache Technologies, Inc. of Dayton, Ohio, in an all-cash transaction. Apache designs, manufactures, and distributes professional laser products for construction leveling and alignment applications. Closing of the transaction, anticipated in April, is subject to usual and customary closing conditions. Financial terms were not disclosed.
Trimble expects the Apache acquisition to extend its laser product portfolio for handheld laser detectors and entry-level machine displays and control systems. Apache's products set new standards for performance, accuracy, ruggedness, reliability, and repeatability in their respective markets and price ranges.
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03/21/2005 09:05:22 AM StreetInsider Alert for DPII
Mar 21, 2005 (streetinsider.com via COMTEX) --NascaCell IP GmbH and Discovery Partners International, Inc., (Nasdaq: DPII) announced that they have entered into a co-marketing agreement. Under the agreement, DPI and NascaCell will jointly provide aptamer-based drug-discovery services to the life sciences industry.
03/21/2005 09:05:21 AM StreetInsider Alert for VFC
Mar 21, 2005 (streetinsider.com via COMTEX) --VF Corporation (NYSE: VFC) announced that it has signed a definitive agreement to acquire all the outstanding stock of Reef Holdings Corporation ("Reef") from an investor group led by majority shareholder Swander Pace Capital. Terms were not disclosed. Based in San Diego, California, Reef is a leader in the growing action sports lifestyle market. The company is the global market leader in premium surf-inspired footwear and in 2004 launched an authentic surf apparel line. Reef had sales of $75 million in 2004 excluding royalties, and is looking forward to another year of double-digit growth in 2005. Reef is expected to contribute about $45 million to sales, be neutral to earnings per share in 2005 and accretive in 2006.
03/21/2005 09:05:20 AM StreetInsider Alert for AXYS
Mar 21, 2005 (streetinsider.com via COMTEX) --Axsys Technologies, Inc. (NASDAQ: AXYS) announced that it signed an exclusive 18-month supply agreement to deliver ultra-precision air bearing scanners to an unnamed digital imaging customer. The contract is valued at $6.7 million.
03/21/2005 09:05:19 AM StreetInsider Alert for WASH
Mar 21, 2005 (streetinsider.com via COMTEX) --Washington Trust Bancorp, Inc. (Nasdaq: WASH) announced that it has signed a definitive agreement to acquire Weston Financial Group, Inc., a registered investment advisor with assets under management in excess of $1.2 billion. Located in Wellesley, Massachusetts, the firm specializes in providing high-quality, comprehensive financial planning and investment counseling services to high net worth individuals through third-party open-architecture wealth management products. Weston Financial Group was founded in 1979 and serves clients in the Boston Metropolitan area, New England, and throughout the country.
03/21/2005 09:00:36 AM StreetInsider Alert for IVN
Mar 21, 2005 (streetinsider.com via COMTEX) --Ivanhoe Mines (NYSE: IVN) announced that it has discovered a new deposit of potentially significant, iron oxide copper-gold (IOCG) mineralization at its Cloncurry Project, approximately 160 kilometres southeast of Mount Isa, in northwestern Queensland, Australia. Ivanhoe's geologists believe that the discovery is geologically similar to the Proterozoic IOCG, breccia-hosted deposits at the Olympic Dam, Prominent Hill and Ernest Henry mines, also in Australia. The Cloncurry project is 100%-owned by Ivanhoe Cloncurry Mines Pty. Ltd., a wholly-owned, indirect subsidiary of Ivanhoe Mines Ltd.
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03/21/2005 09:00:35 AM StreetInsider Alert for DNA
Mar 21, 2005 (streetinsider.com via COMTEX) --First Albany upgraded Genentech Inc (NYSE: DNA) from 'neutral' to 'buy'; target price increased from $59.00 to $63.00. The firm's upgrade follows the failure of PTK787, the most advanced potential rival of Avastin, to meet its endpoint in a Phase III trial in metastatic colorectal cancer. They noted that PTK787 has been viewed as the most dangerous challenger to Avastin's market, and believe that PTK787's setback makes it likelier that Avastin sales can meet their new 2008 est of $2.1 bln vs $1.9 bln.
03/21/2005 09:00:24 AM StreetInsider Alert for V
Mar 21, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Vivendi Universal ADS (NYSE: V) from 'hold' to 'buy'. The firm noted that fiscal year results indicate this is a mgmt team they think the market should back. They also believe current pessimism over the outlook for the company's dividend/cash returns is excessive.
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03/21/2005 08:55:15 AM StreetInsider Alert for SKYF
Mar 21, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded Sky Financial Group, Inc. (Nasdaq: SKYF) from 'buy' to 'hold'.
03/21/2005 08:55:15 AM StreetInsider Alert for VVUS
Mar 21, 2005 (streetinsider.com via COMTEX) --Wachovia Securities initiated coverage on Vivus, Inc. (Nasdaq: VVUS) with an 'outperform' rating. The firm set their valuation range to $6-$8. ...
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03/21/2005 08:50:13 AM StreetInsider Alert for EMAG
Mar 21, 2005 (streetinsider.com via COMTEX) --U.S. Bancorp Piper Jaffray initiated coverage on Emageon, Incorporated (Nasdaq: EMAG) with an 'outperform' rating; $19.00 price target. The firm assigned their Outperform rating as they see Emageon as uniquely positioned to capture a healthy portion of the shifting demand towards enterprise-wide digital imaging solutions vs. first generation "stove pipe" radiology-centric PACS. Wachovia Securities started the stock at 'outperform'. The firm has established an Outperform rating on Emageon as they believe the company has developed a differentiated product in the fast growing medical imaging software market. In addition, they look for Emageon to grow its top-line by 30% annually over the next few years and to turn a profit during 2Q05. They have set a valuation range at $18-$20.
03/21/2005 08:50:13 AM StreetInsider Alert for AQNT
Mar 21, 2005 (streetinsider.com via COMTEX) --Avenue A/Razorfish, the largest independent interactive agency and an operating unit of aQuantive, Inc. (Nasdaq: AQNT), announced its most recent web development work for long-standing client Ford Motor Company (NYSE: F) the redesign of www.ford.com. Avenue A/Razorfish has been Ford Motor Company's interactive agency of record since 2000.
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03/21/2005 08:45:11 AM StreetInsider Alert for DUCK
Mar 21, 2005 (streetinsider.com via COMTEX) --Duckwall-ALCO Stores, Inc. (Nasdaq: DUCK) has announced that Bruce Dale is joining the company as President and CEO.
03/21/2005 08:45:10 AM StreetInsider Alert for ASCL
Mar 21, 2005 (streetinsider.com via COMTEX) --Ascential Software Corporation (Nasdaq: ASCL) announced that Scripps Health, a not-for-profit, San Diego-based healthcare system, has selected the Ascential Enterprise Integration Suite as a core component of its clinical data warehouse. Scripps has changed the way it makes health care decisions by leveraging more complete, timely clinical information. The Ascential Enterprise Integration Suite is a critical enabler of this new business initiative because it breaks down organizational information silos and brings together clinical and financial patient information in a common repository.
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03/21/2005 08:40:19 AM StreetInsider Alert for MS
Mar 21, 2005 (streetinsider.com via COMTEX) --Milestone Scientific Inc. (Amex: MS) announced the receipt of an initial order for 500,000 Ionic White consumer tooth whitening starter kits as a result of the infomercials that aired in 23 markets on March 12 and 13, 2005. The initial order will generate approximately $500,000 of additional revenue and $400,000 of pretax income for the Company. Milestone's marketing partner also agreed to include in each 28.5-minute Ionic White infomercial 60 to 80 seconds of additional advertising and promotional material on other Milestone products, at its rate. Further, Milestone will be allowed to pay for this advertising through the issuance of shares of Common Stock valued at their then future market value.
03/21/2005 08:40:19 AM StreetInsider Alert for ATK
Mar 21, 2005 (streetinsider.com via COMTEX) --Alliant Techsystems (NYSE: ATK) has received a $23 million contract for work on dual mode seeker technologies including a semi active laser for the company's Mid Range Munition (MRM) program. MRM is a precision-guided 120mm munition designed to defeat enemy targets at line-of-sight and beyond-line-of-sight ranges.
03/21/2005 08:40:18 AM StreetInsider Alert for SYS
Mar 21, 2005 (streetinsider.com via COMTEX) --SYS Technologies, (AMEX: SYS) announced that it has been awarded funding of $1.6 million to develop the Undersea Warfare Decision Support System (USW-DSS) for the U.S. Navy. The work will be performed primarily in SYS' San Diego offices.
03/21/2005 08:40:06 AM StreetInsider Alert for SGMS
Mar 21, 2005 (streetinsider.com via COMTEX) --Scientific Games Corporation (Nasdaq: SGMS) announced that its subsidiary, Scientific Games International GmbH in Vienna, Austria, has signed a contract with SWISSLOS, to deliver a new online gaming system that will operate all of SWISSLOS' games. The contract is valued at euro 6 million and is scheduled to commence operation in November 2005.
The contract encompasses the delivery of the system and all project services including ongoing maintenance and support services for a projected period of ten years. The software for the existing terminals will be provided by the incumbent terminal vendor Wincor Nixdorf, which will provide its products as a subcontractor to Scientific Games Austria. The agreement also includes an option for SWISSLOS to purchase instant tickets over the next three years valued at additional euro 1.5 million.
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03/21/2005 08:35:21 AM StreetInsider Alert for IDNX
Mar 21, 2005 (streetinsider.com via COMTEX) --Identix Incorporated (Nasdaq: IDNX) announced that it has been awarded a contract by Kane County in Illinois for the supply of multiple Identix TouchPrint Enhanced Definition 3000 Series live scan systems. The award to Identix was made as part of the Illinois Statewide Criminal History Integration Project, which is designed to upgrade law enforcement technology throughout the State to assist arresting agencies in providing as much information as possible regarding suspects into the Justice system. According to Deb Seyller, Kane County Circuit Court Clerk, the contract awarded to Identix under the Criminal History Integration Project, which has an initial term of one year, now provides a vehicle under which any of the more than 150 arresting agencies in Illinois may conveniently order live scan systems from Identix. Initial orders of Identix TouchPrint Enhanced Definition 3000 Series under the contract from Kane County, which is valued in excess of $200,000, are expected to ship and be installed during Identix fiscal 2005 third and fourth quarters ending March 31, 2005 and June 30, 2005, respectively.
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03/21/2005 08:30:15 AM StreetInsider Alert for MMLP
Mar 21, 2005 (streetinsider.com via COMTEX) --RBC Capital Markets downgraded Martin Midstream Partners LP (Nasdaq: MMLP) from Sector Peform to Underperform; $27.00 price target. The firm is lowering their recommendation given MMLP's valuation.
03/21/2005 08:30:14 AM StreetInsider Alert for BSG
Mar 21, 2005 (streetinsider.com via COMTEX) --Sandler O'Neill & Partners upgraded BISYS Group, Incorporated (NYSE: BSG) from 'sell' to 'hold'.
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03/21/2005 08:25:18 AM StreetInsider Alert for ACI
Mar 21, 2005 (streetinsider.com via COMTEX) --A.G. Edwards upgraded Arch Coal, Inc. (NYSE: ACI) from 'hold' to 'buy'; $52.00 price target. In the firm's opinion, an improved financial outlook is a function of increased production volumes, higher sales price realizations and lower operating costs per ton. In addition, they think the fundamental outlook for the coal sector is favorable with a strong coal-pricing environment supporting earnings growth.
03/21/2005 08:25:17 AM StreetInsider Alert for EPNY
Mar 21, 2005 (streetinsider.com via COMTEX) --Epiphany, Inc. (Nasdaq: EPNY) announced that French telecom operator Orange has extended its Epiphany Interaction Advisor deployment to provide customized offers to its large segment of pre-paid Mobicarte subscribers. Having previously implemented Epiphany for use with its post-paid customers, Orange France is now extending the solution to its Mobicarte pre-paid subscribers.
The Company also announced that Vodafone UK, a member of the world's largest mobile community, has chosen Epiphany Interaction Advisor to enhance relationships and increase the quality and relevancy of each interaction across its United Kingdom customer base of more than 15 million.
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03/21/2005 08:20:18 AM StreetInsider Alert for NOC
Mar 21, 2005 (streetinsider.com via COMTEX) --Northrop Grumman Corporation (NYSE: NOC) and Silicon Graphics, Inc. (NYSE: SGI) have signed a cooperative agreement that combines their visualization and technology expertise to revolutionize how warfighters make decisions in the battlespace.
The two companies will provide visualization solutions, synthesizing data and presenting it to decision-makers through dramatic new graphical means, for customers in the U.S. Department of Defense, the U.S. Intelligence community, the U.S. Missile Defense Agency and the U.S. Department of Homeland Security.
03/21/2005 08:20:17 AM StreetInsider Alert for VION
Mar 21, 2005 (streetinsider.com via COMTEX) --Vion Pharmaceuticals, Inc. (Nasdaq: VION) reported initial data from the Phase II single agent clinical study of its anticancer agent CLORETAZINEin an oral presentation by Norbert Vey, M.D., Departement d'Hematologie, Institut Paoli-Calmettes, Marseille, France, at the 6th International Symposium and Workshop on Leukemia and Lymphoma in Amsterdam, The Netherlands.
Dr. Vey commented, "These data demonstrate significant single agent activity in high-risk AML and MDS patients for whom current treatment strategies are inadequate. Results were encouraging in elderly patients with poor prognostic features. Patient responses were achieved with minimal non- hematologic toxicity."
03/21/2005 08:20:16 AM StreetInsider Alert for MFE
Mar 21, 2005 (streetinsider.com via COMTEX) --McAfee, Inc. (NYSE: MFE) announced the State of Indiana has selected the McAfee IntruShield IPS technology for its state-wide Cybersecurity Program after rigorously evaluating the IPS solutions of multiple vendors. McAfee IntruShield was selected based on its unmatched zero-day protection against new vulnerabilities, ease-of-management, and its ability to proactively block the widest breadth of known and unknown attacks before they can cause damage to the network. Additionally, the automation tools, behavioral rules and flexible policy enforcement capabilities within McAfee IntruShield were key factors in the selection process.
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03/21/2005 08:15:22 AM StreetInsider Alert for OATS
Mar 21, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded Wild Oats Markets Inc (Nasdaq: OATS) from 'hold' to 'aggressive buy'; $11.50 price target. The firm raised their outlook on the stock believing that turnaround progress will return to an uptrend following an interruption in 2004. In addition, they believe that mgmt has moved well, up the new store opening learning curve, location discipline has improved, and local store density has developed.
03/21/2005 08:15:22 AM StreetInsider Alert for QLGC
Mar 21, 2005 (streetinsider.com via COMTEX) --QLogic Corp. (Nasdaq: QLGC) announced the extension of its alliance with Sun Microsystems (Nasdaq: SUNW), to provide small and mid-size enterprise customers with new options for reaping the numerous benefits of SANs.
As part of the companies' shared goal of providing customers with more choice and flexibility at the best prices, Sun has qualified QLogic's SANbox(r) 5200 Fibre Channel stackable switches, and added the SANblade(r) QLA(r)210 value line of host bus adapters (HBAs) to the Sun StorEdge family of storage solutions. These new additions, combined with Sun servers for x64 platforms running the Solaris10 operating system, the most SAN-optimized OS in the industry, are being offered as the latest option in Sun's portfolio of SAN solutions for enterprises of all sizes. The QLogic products are available now through Sun.
03/21/2005 08:15:21 AM StreetInsider Alert for UNA
Mar 21, 2005 (streetinsider.com via COMTEX) --UNOVA, Inc. (NYSE: UNA) announced that it has agreed to sell its Cincinnati Lamb Group to MAG Industrial Automation Systems LLC, an entity established by Maxcor, Inc. of New York, NY. The transaction is subject to customary closing conditions and is expected to close during the next 30 days.
Under the terms of the agreement, MAG will purchase the global operations of UNOVA's Cincinnati Lamb Group for approximately $60 million of consideration, subject to closing balance sheet adjustments. The consideration consists of $16 million in cash, $10 million in notes and the assumption of approximately $34 million relating to certain pension and other post retirement obligations.
03/21/2005 08:10:16 AM StreetInsider Alert for VAR
Mar 21, 2005 (streetinsider.com via COMTEX) --Varian Medical Systems, Inc. (NYSE: VAR) announced that, under a two-year agreement, it will be supplying Xoran Technologies, Inc. with Varian's PaxScan amorphous silicon flat-panel digital X-ray detectors for incorporation into Xoran's MiniCAT for ENT scanners, for imaging by ear/nose/throat physicians.
03/21/2005 08:10:15 AM StreetInsider Alert for CSC
Mar 21, 2005 (streetinsider.com via COMTEX) --Computer Sciences Corporation (NYSE: CSC) announced that SunTrust Banks Inc., (NYSE: STI) has licensed CSC's CheckVision software to provide electronic check images and associated reports on CD-ROM to its commercial banking clients. Under the agreement, CSC will also help consolidate three disparate SunTrust CD-ROM image delivery systems onto CheckVision.
03/21/2005 08:10:15 AM StreetInsider Alert for MOSY
Mar 21, 2005 (streetinsider.com via COMTEX) --Monolithic System Technology, Inc. (Nasdaq: MOSY) announced that First EDA Ltd, of Banbury, UK is MoSys' newest sales representative, covering the United Kingdom and Ireland.
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03/21/2005 08:05:16 AM StreetInsider Alert for SFNT
Mar 21, 2005 (streetinsider.com via COMTEX) --SafeNet, Inc. (NASDAQ: SFNT) announced a partnership with Digital River, Inc., (NYSE: DRIV) a global leader in e-commerce outsourcing. Digital River plans to expand its licensing and platform support for SoftwarePassport, its digital revenue management solution, by integrating with SafeNet's Sentinel LM, a software-based license management technology.
03/21/2005 08:05:15 AM StreetInsider Alert for SVR
Mar 21, 2005 (streetinsider.com via COMTEX) --Robert W. Baird initiated coverage on Syniverse Holdings, Incorporated (NYSE: SVR) with an 'outperform' rating; $23.00 price target.
03/21/2005 08:05:14 AM StreetInsider Alert for CTMI
Mar 21, 2005 (streetinsider.com via COMTEX) --U.S. Bancorp Piper Jaffray downgraded CTI Molecular Imaging Inc (Nasdaq: CTMI) from 'outperform' to 'market perform'. The firm is lowering their rating citing valuation following buyout bid.
03/21/2005 08:01:16 AM StreetInsider Alert for NTAP
Mar 21, 2005 (streetinsider.com via COMTEX) --Smith Barney downgrades Network Appliance Inc (Nasdaq: NTAP) from 'hold' to 'sell' and cuts their price target from $31.50 to $25.50; says mid-quarter checks suggest sales are tracking below plan.
03/21/2005 08:01:15 AM StreetInsider Alert for COGN
Mar 21, 2005 (streetinsider.com via COMTEX) --Cognos (Nasdaq: COGN) announced that Del Monte Foods (NYSE: DLM) is standardizing on Cognos EBI to drive greater operational efficiencies across the company.
03/21/2005 08:01:14 AM StreetInsider Alert for GKIS
Mar 21, 2005 (streetinsider.com via COMTEX) --Gold Kist Inc. (NASDAQ: GKIS) announced that it may file a registration statement on Form S-1 with the SEC during the second calendar quarter of 2005 related to a proposed secondary offering of shares of its common stock received by former members of the Gold Kist cooperative in the Company's conversion to a for-profit corporation on October 13, 2004. Gold Kist currently expects that the offering size will be between 4 million and 6 million shares. Gold Kist will not receive any proceeds from the sale of these shares.
03/21/2005 08:01:06 AM StreetInsider Alert for VLGC
Mar 21, 2005 (streetinsider.com via COMTEX) --ViroLogic, Inc. (Nasdaq: VLGC) announced the publication of results from an independent study that compared the precision and sensitivity of its widely used HIV drug resistance assay PhenoSense HIV with Antivirogram, developed by Virco BVBA. Results from the study, conducted by investigators at Stanford University, showed that PhenoSense HIV is more precise than Antivirogram and is superior in detecting resistance to currently approved nucleoside reverse transcriptase inhibitors. Study results will be published in the April 1 issue of the Journal of Acquired Immune Deficiency Syndromes.
03/21/2005 08:01:05 AM StreetInsider Alert for HPQ
Mar 21, 2005 (streetinsider.com via COMTEX) --HP (NYSE: HPQ) announced that NASDAQ (Nasdaq: NDAQ) has selected HP to upgrade its fully integrated electronic order display and execution system for the trading of its listed securities. The three-year contract extends an existing 20-plus year relationship between the two companies.
03/21/2005 08:01:05 AM StreetInsider Alert for DOC
Mar 21, 2005 (streetinsider.com via COMTEX) --Digital Angel Corporation (Amex: DOC) announced that it has appointed James G. Naro as Vice President and General Counsel.
03/21/2005 08:01:04 AM StreetInsider Alert for IVAC
Mar 21, 2005 (streetinsider.com via COMTEX) --Intevac, Inc. (Nasdaq: IVAC) received an order for four Intevac MDP-250 magnetic media sputtering systems. The MDP-250 systems were ordered by an existing MDP-250 customer and are scheduled for delivery during the second half of 2005.
03/21/2005 08:01:03 AM StreetInsider Alert for ISTA
Mar 21, 2005 (streetinsider.com via COMTEX) --ISTA Pharmaceuticals, Inc. (Nasdaq: ISTA) submitted an Investigational New Drug Application with the FDA to conduct a Phase IIb clinical trial for ecabet sodium, a prescription eye drop for the treatment of dry eye syndrome.
03/21/2005 08:01:03 AM StreetInsider Alert for SIRI
Mar 21, 2005 (streetinsider.com via COMTEX) --Bank of America upgrades Sirius Satellite Radio (Nasdaq: SIRI) from Sell to Neutral on outlook.
03/21/2005 08:01:02 AM StreetInsider Alert for DISH
Mar 21, 2005 (streetinsider.com via COMTEX) --CIBC World Markets upgrades EchoStar Comm (Nasdaq: DISH) from Underperform to Sector Perform on positive risk/reward for long-term outlook.
03/21/2005 08:01:01 AM StreetInsider Alert for MCDT
Mar 21, 2005 (streetinsider.com via COMTEX) --McDATA Corporation (Nasdaq: MCDTA) (Nasdaq: MCDT) announced a distributorship agreement with Ingram Micro Asia (NYSE: IM) where Ingram Micro will distribute McDATA's full product portfolio including hardware, software and services in Singapore.
The company also announced that Credit Suisse Group selected McDATA to assist them in staying competitive and to better serve its customers.
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03/21/2005 08:00:23 AM StreetInsider Alert for SYNC
Mar 21, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Intellisync (Nasdaq: SYNC) from Neutral to Overweight, saying company is reaching an inflection point of steady growth.
03/21/2005 08:00:23 AM StreetInsider Alert for IM
Mar 21, 2005 (streetinsider.com via COMTEX) --Ingram Micro (NYSE: IM) reaffirms Q1 earnings and revenue outlook. IM sees revenues between $7.0-7.2 billion and earnings between $0.28-0.30 per diluted share vs. $7.12 billion and $0.29 respectively.
03/21/2005 08:00:22 AM StreetInsider Alert for ISSX
Mar 21, 2005 (streetinsider.com via COMTEX) --Jefferies & Co downgrades Internet Security Systems (Nasdaq: ISSX) from Buy to Hold on outlook-Price target $20.
03/21/2005 08:00:21 AM StreetInsider Alert for RSAS
Mar 21, 2005 (streetinsider.com via COMTEX) --Jefferies & Co upgrades RSA Security (Nasdaq: RSAS) from Hold to Buy on positive business outlook-Price target $18.50.
03/21/2005 08:00:21 AM StreetInsider Alert for IMDC
Mar 21, 2005 (streetinsider.com via COMTEX) --Medicis (NYSE: MRX) and Inamed Corp (Nasdaq: IMDC) announced that they have entered into a definitive merger agreement. Under the terms of the transaction, approved by both companies' boards of directors, Inamed stockholders will receive 1.4205 shares of Medicis common stock and $30 in cash for each share of Inamed common stock. Based on Medicis' closing price on March 18, 2005, and the number of Inamed shares outstanding, the merger consideration represents $75 in value per Inamed share, or a total equity value of approximately $2.8 billion.
03/21/2005 08:00:20 AM StreetInsider Alert for PCLE
Mar 21, 2005 (streetinsider.com via COMTEX) --Avid Technology (Nasdaq: AVID) announced that it has entered into a definitive agreement to acquire Pinnacle Systems (Nasdaq: PCLE) in a cash and stock transaction. Under the terms of the agreement, Pinnacle shareholders will receive .0869 shares of Avid stock and $1.00 in cash for each Pinnacle share. At closing, it is expected that Avid will issue approximately 6.2 million shares and pay $71.3 million in cash, for a total estimated value of $462 million.
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