Final - StreetInsider Alerts 04/06/2005 @ 05:25:10 PM By StreetInsider.com / Knobias / Briefing.com, Investing-News.Com Apr 6, 2005, 20:42
AEOS ELY DJ:INDU ( WPCS CNVX ) TIVO KNTA BLI NDSN BIOI PRGS IM WMAR BBBY WDFC MW SHOP NDC SBUX AA EPIX CBK DELL CDIC (To Earlier Below)
04/06/2005 05:25:10 PM StreetInsider Alert for AEOS
Apr 6, 2005 (streetinsider.com via COMTEX) --American Eagle Outfitters, Inc. (NASDAQ: AEOS) announced that total sales for the month ended April 2, 2005 increased 38.5% to a record $184.6 million. Comparable store sales increased 29.2% for the March period. Also is raising its first quarter earnings guidance to a range of $0.30 to $0.31 per share, previous first quarter earnings guidance was $0.26 to $0.27 per share (consensus is $0.28).
04/06/2005 05:05:18 PM StreetInsider Alert for ELY
Apr 6, 2005 (streetinsider.com via COMTEX) --Callaway Golf Company (NYSE: ELY) warns for Q1; sees net sales for the first quarter of approximately $300 million and pro forma earnings per diluted share are estimated to range from $0.29 to $0.31. The current consensus is $339.29M and $0.49.
04/06/2005 05:00:21 PM StreetInsider Alert for DJ:INDU
Apr 6, 2005 (streetinsider.com via COMTEX) --The Dow finished 27.56 points higher to close at 10,486, the Nasdaq fell .18 points to close at 1,999, and the S&P 500 gained 2.68 points to close at 1,184.
The markets closed out the trading session mixed today despite a government report claiming an improvement in the nation's supply of oil and refining activity as investors still feared an increase in the demand for gasoline and awaited earnings reports to make a stronger move.
Volume was light with 1.79 billion shares trading on the NYSE and 1.70 billion on the Nasdaq. Advancers outpaced decliners today by a margin of 19:12 on the NYSE and by a margin of 16:14 on the Nasdaq.
In individual stories, WPCS International Incorporated (Nasdaq: WPCS) closed 11.01% higher after it was awarded approximately $3.3 million in new contracts for wireless infrastructure services, general construction and specialty communication systems.On the downside, CancerVax Corporation (Nasdaq: CNVX) closed 49.36% lower after announcing it plans to discontinue the Phase 3 clinical trial of Canvaxin in patients with Stage IV melanoma based upon the recommendation of the independent Data and Safety Monitoring Board.
Tomorrow traders will be watching for data on Initial Claims, Wholesale Inventories, and Consumer Credit. Initial Claims is due to hit the wires at 8:30 A.M, Wholesale Inventories is expected at 10:00 A.M, and Consumer Credit is scheduled for 3:00 P.M.
04/06/2005 04:45:17 PM StreetInsider Alert for TIVO
Apr 6, 2005 (streetinsider.com via COMTEX) --TiVo Inc (Nasdaq: TIVO) purchased six U.S. patents as well as their foreign counterparts and pending foreign patent applications from International Business Machines Corporation. IBM's assignment of these patents to us is subject to certain licenses and rights reserved by IBM (NYSE: IBM) on behalf of itself and its subsidiaries and the rights of certain third parties existing as of the date of the assignment.
04/06/2005 04:45:16 PM StreetInsider Alert for KNTA
Apr 6, 2005 (streetinsider.com via COMTEX) --Stanford Group initiates coverage on Kintera Inc (Nasdaq: KNTA) with a 'buy' rating and $12 price target
04/06/2005 04:40:19 PM StreetInsider Alert for BLI
Apr 6, 2005 (streetinsider.com via COMTEX) --Stanford Group initiates coverage on Big Lots Inc (NYSE: BLI) with a 'buy' rating and $15 price target.
04/06/2005 04:35:21 PM StreetInsider Alert for NDSN
Apr 6, 2005 (streetinsider.com via COMTEX) --Nordson Corporation (Nasdaq: NDSN) cuts its forecast; says revenue for the quarter is now expected to increase four percent to six percent. Sales volume is expected to be up one percent to three percent, with the remainder of the expected increase traced to favorable currency associated with the weaker dollar. Earnings expectations for the second quarter will be affected by the gross margin impact of this revision.
04/06/2005 04:25:18 PM StreetInsider Alert for BIOI
Apr 6, 2005 (streetinsider.com via COMTEX) --Bio-Rad Laboratories, Inc. (Amex: BIO) made a proposal to BioSource International, Inc. (Nasdaq: BIOI) to acquire all of its outstanding shares for $8.50 per share in cash. Bio-Rad already owns close to 5% of the outstanding shares of BioSource.
04/06/2005 04:25:18 PM StreetInsider Alert for PRGS
Apr 6, 2005 (streetinsider.com via COMTEX) --Progress Software Corporation (Nasdaq: PRGS) acquired privately-held Apama in an all-cash transaction for a purchase price of approximately $25 million, net of cash acquired.
04/06/2005 04:20:17 PM StreetInsider Alert for IM
Apr 6, 2005 (streetinsider.com via COMTEX) --Ingram Micro Inc. (NYSE: IM) announced that Kent B. Foster, chairman and chief executive officer, has decided to retire as the company's chief executive officer and will become non-executive chairman, effective June 1, 2005.
04/06/2005 04:20:17 PM StreetInsider Alert for WMAR
Apr 6, 2005 (streetinsider.com via COMTEX) --West Marine, Inc. (Nasdaq: WMAR) reported Q1 net sales of $125.6 million, a decrease of 2.8% from net sales of $129.2 million a year ago. Comparable store sales for the first quarter of 2005 decreased 6.6%. The company now anticipate our first quarter loss to range from ($0.26) to ($0.27) per share, including one-time charges of approximately ($0.02) per share, versus the consensus of a (0.19) loss.
04/06/2005 04:20:16 PM StreetInsider Alert for BBBY
Apr 6, 2005 (streetinsider.com via COMTEX) --Bed Bath & Beyond Inc (Nasdaq: BBBY) reported Q4 EPS of $0.59, 4 cents better than estimates. Revenues came in at $1.47 billion versus the consensus of $1.45 billion.
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04/06/2005 04:15:30 PM StreetInsider Alert for WDFC
Apr 6, 2005 (streetinsider.com via COMTEX) --WD-40 Co (Nasdaq: WDFC) reported Q2 EPS of $0.31, 7 cents worse than estimates. Revenues came in at $61.1 million (there were no estimates).
04/06/2005 04:15:29 PM StreetInsider Alert for MW
Apr 6, 2005 (streetinsider.com via COMTEX) --Men's Wearhouse (NYSE: MW) US Same-Store Sales rose 15.3%.
04/06/2005 04:10:20 PM StreetInsider Alert for SHOP
Apr 6, 2005 (streetinsider.com via COMTEX) --Shopping.com Ltd. (Nasdaq: SHOP) announced that Dan Ciporin will be stepping down as CEO and will continue to guide the company as Chairman of the Shopping.com board of directors. Lorrie Norrington, a member of the Shopping.com board of directors, will replace Mr. Ciporin as president and CEO, effective June 1, 2005.
For Q1 Shopping.com expects to report revenues of approximately $28.5 million, Adjusted EBITDA of approximately $4.5 million, and net income of approximately $3.8 million. On February 3, 2005, the company reported that it expected total revenue in the first quarter of 2005 in the range of $27 million to $28 million and Adjusted EBITDA in the first quarter of 2005 of $4 million to $4.5 million.
04/06/2005 04:10:16 PM StreetInsider Alert for NDC
Apr 6, 2005 (streetinsider.com via COMTEX) --NDCHealth Corp (NYSE: NDC) reported Q3 EPS of $0.16, 4 cents better than estimates. Revenues came in at $122.6 million versus the consensus of $119.6 million.
04/06/2005 04:10:15 PM StreetInsider Alert for SBUX
Apr 6, 2005 (streetinsider.com via COMTEX) --Starbucks Corporation (Nasdaq: SBUX) today reported consolidated net revenues of $599 million for the five-week period ended April 3. Comparable store sales increased six percent for the five weeks ended April 3, 2005
04/06/2005 04:10:15 PM StreetInsider Alert for AA
Apr 6, 2005 (streetinsider.com via COMTEX) --ALCOA Inc (NYSE: AA) reported Q1 EPS of $0.40, 1 cent better than estimates. Revenues came in at $6.29 billion versus the consensus of $6.34 billion.
04/06/2005 04:05:26 PM StreetInsider Alert for EPIX
Apr 6, 2005 (streetinsider.com via COMTEX) --EPIX Pharmaceuticals, Inc. (NASDAQ: EPIX) announced the initiation of a Phase II proof-of-concept trial for EP-2104R, EPIX' injectable magnetic resonance imaging (MRI) agent designed to detect blood clots throughout the body. In a Phase I trial completed late last year, EP-2104R was well-tolerated by healthy subjects at all doses tested.
04/06/2005 04:05:16 PM StreetInsider Alert for CBK
Apr 6, 2005 (streetinsider.com via COMTEX) --Christopher & Banks Corp (NYSE: CBK) reported Q4 EPS of $0.11, in-line with estimates. Revenues came in at $119.3 million versus the consensus of $117.53 million.
04/06/2005 04:05:16 PM StreetInsider Alert for DELL
Apr 6, 2005 (streetinsider.com via COMTEX) --Dell (NASDAQ: DELL) executives tomorrow will reiterate expectations for fiscal first-quarter 2006 revenue and earnings per share, as well as the company's plans to grow from $49 billion to $80 billion in annual sales.
Dell will reaffirm guidance initially provided Feb. 10 that it expects first-quarter revenue of about $13.4 billion, up 16 percent from the prior year, and earnings per share of 37 cents, up 32 percent. The company will also say it now intends to spend $2 billion to repurchase stock during the current quarter, more than double Dell's original expectation.
04/06/2005 04:05:15 PM StreetInsider Alert for CDIC
Apr 6, 2005 (streetinsider.com via COMTEX) --Cardiodynamics International Corp (Nasdaq: CDIC) reported a Q1 loss of $0.01, 1 cent worse than estimates. Revenues came in at $9.7 million versus the consensus of $10.29 million.
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04/06/2005 03:55:12 PM StreetInsider Alert for RSTO
Apr 6, 2005 (streetinsider.com via COMTEX) --Restoration Hardware, Inc. (Nasdaq: RSTO) announced that Gary Friedman, the Company's President and Chief Executive Officer, has been named Chairman of the Board. Mr. Friedman has served as the Company's President and Chief Executive Officer since March 2001, and as Acting Chairman of the Board of Directors since January 2005.
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04/06/2005 03:50:24 PM StreetInsider Alert for MHS
Apr 6, 2005 (streetinsider.com via COMTEX) --The Pennsylvania Employees Benefit Trust Fund, located in Harrisburg, has announced its intent to award a three-year pharmacy benefit contract to Medco Health Solutions, Inc. (NYSE: MHS) beginning July 1, 2005. Medco will administer a comprehensive pharmacy benefit program to more than 285,000 state employees, annuitants, dependents and other benefit-eligible residents, the company announced today. Medco was selected following a rigorous competitive-bidding and capabilities-review process.
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04/06/2005 03:05:23 PM StreetInsider Alert for ZIXI
Apr 6, 2005 (streetinsider.com via COMTEX) --Zix Corporation (Nasdaq: ZIXI) announced that three regional healthcare organizations have recently chosen ZixCorp as their secure email provider: STAR Anesthesia, P.A., Community Medical Center of Scranton, Penn., and The Charlotte Hungerford Hospital.
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04/06/2005 03:05:11 PM StreetInsider Alert for TTEK
Apr 6, 2005 (streetinsider.com via COMTEX) --Tetra Tech, Inc. (NASDAQ: TTEK) said it was re-awarded a Comprehensive Long-Term Environmental Action Navy (CLEAN) contract with a value of up to $125 million. Tetra Tech will provide program management and technical environmental services to the Department of the Navy, Naval Facilities Engineering Command, Engineering Field Division (EFD), South. The contract has a one-year base period and four one-year options. Work will be performed primarily at U.S. Navy and Marine Corps sites in 28 states, Puerto Rico, and the Bahamas Islands.
04/06/2005 03:00:40 PM Briefing.com: Hourly In Play (R) - 15:00 ET [Briefing.com Stock Information]
Apr 06, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 06-Apr-05 15:00 ET
14:58
PKTR Relative Weakness -- Packeteer aggressively lower, hovering slightly above its 200 day ema at 13.97--session low 14.05 (14.06 -1.49) -- Technical --
14:56
Stocks Under $10 Making New 52-Week Highs
Stocks making new 52-wk highs include AVSR, CVO, CVV, DRAX, HMX, KNOT, NYER, PRZ, PRM, SHOE, THLD.
14:54
DELL Dell edges to minor new low for the week (37.99 -1.14) -- Technical --
Stock has extended today's pullback in recent action to establish a minor new low for the week leaving it just above support at the 200 day sma and the March/five month low at 37.91/37.85 (session low 37.95).
14:51
XMSR XM Satellite marches steadily lower today, testing this week's low at 30.12 (30.15 -1.15) -- Technical --
14:27
Point Losers List: Homebuilders
Issues posting the largest losses on a point basis include: SPF -4.50, IGI -4.46, FRX -4.27, CNVX -3.04, ADM -2.63, SHLD -2.63, KCI -2.40, BG -2.12, BUD -1.80, BBW -1.63, BLUD -1.45, TV -1.40, TAP -1.35, BHS -1.20, PHM -1.20, KBH -1.03, MHP -1.02, RIMM -1.02, DELL -1.00.
14:25
ETF Winners/Losers
ETF Winners: Emerging Mkts (EEM +2.15%), Biotech (IBB +1.65%), S Africa (EZA +1.59%), Sweden (EWD +1.51%), Energy (VDE +1.51%).... ETF Losers: Australia (EWA -0.76%), Malaysia (EWM -0.74%), Telecom (IXP -0.50%), Consumer Goods (IYK -0.4%), Pacific ex-Japan (EPP -0.4%).
14:18
Point Gainers List
Stocks helping pace the way on a point basis include: EEM +4.26, ISRG +4.01, CERN +3.64, VLO +3.62, PFCB +3.51, SUN +3.13, APPX +3.07, FDG +2.90, SIE +2.62, QSII +2.59, BBH +2.51, FTO +2.23, BSTE +2.02, WFMI +1.93, TSO +1.94, BC +1.89, CREE +1.93, COP +1.80, OIH +1.76, OSIP +1.76, FNM +1.72.
Market pulling back, Nasdaq 100/QQQQ slip into the red
13:45
Solid gains, mixed volume
The market is holding a solidly bullish bias this afternoon with volume running at a heavier pace the the Nasdaq (1.07 bln) while it is slower at the NYSE (855 mln). Biotech +2.2% has been the top performing sector with energy making a intraday strong turnaround (Oil Service +1.7%, Oil +1.4%, Natural Gas +0.5%). Other groups on the rise include: Healthcare +1.3%, Disk Drive +1.2%, Banking +1.1%, Paper +1.1%, Semi +0.9%, Tobacco +0.9%, Networking +0.7%, Broker/Dealer +0.7%. The weakest performers include: Housing -0.6%, Internet -0.5% and Retail -0.3%.
13:33
AVN AVANIR Pharma announces $17.1 mln stock offering (2.40 -0.07)
Co announced it has entered into definitive purchase agreements with a group of accredited and institutional investors for the offering of 7,770,000 shares at $2.20 per share. The gross proceeds of the offering are expected to be approximately $17.1 mln, before offering expenses and commissions.
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04/06/2005 02:05:11 PM StreetInsider Alert for DJ:INDU
CancerVax Corporation (Nasdaq: CNVX) 49.84% LOWER; plans to discontinue the Phase 3 clinical trial of Canvaxin. In addition, Janney downgraded the stock.
WPCS International Incorporated (Nasdaq: WPCS) 14.81% HIGHER; was awarded approximately $3.3 million in new contracts.
OxiGene, Inc. (Nasdaq: OXGN) 12.83% HIGHER; Wells Fargo started the stock with a Buy rating; $7.00 price target.
Wilsons The Leather Experts Inc. (Nasdaq: WLSN) 11.46% HIGHER; March comparable store sales increased 27%.
Forest Laboratories, Inc. (NYSE: FRX) 11.27% LOWER; Guided Q4 below the consensus.
Zix Corporation (Nasdaq: ZIXI) 10.45% HIGHER; successfully passed the industry's first payor-driven e-prescribing utilization study.
Siebel Systems Inc. (Nasdaq: SEBL) 9.83% LOWER; guided Q1 below the consensus. In addition, Wachovia Securities downgraded the stock.
Biopure Corporation (Nasdaq: BPUR) 8.82% HIGHER; completed enrolling patients in the Phase 2 human clinical trial in Europe evaluating the safety and feasibility of the company's investigational oxygen therapeutic Hemopure in patients undergoing elective coronary angioplasty.
P. F. Changs China Bistro (Nasdaq: PFCB) 6.99% HIGHER; guided Q1 above the consensus.
Westlake Chemical Corporation (NYSE: WLK) 5.32% LOWER; Prudential Securities downgraded the stock.
04/06/2005 01:40:19 PM StreetInsider Alert for AVN
Apr 6, 2005 (streetinsider.com via COMTEX) --AVANIR Pharmaceuticals (AMEX: AVN) announced it has entered into definitive purchase greements with a group of accredited and institutional investors for the offering of 7,770,000 shares of Class A common stock at a price of $2.20 per share. The gross proceeds of the offering are expected to be approximately $17.1 million, before offering expenses and commissions. All the shares are being sold by AVANIR. The offering is expected to close on or about April 8, 2005.
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GMXR OPEN SIMC MESA MSO (To Earlier Below)
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04/06/2005 01:20:21 PM StreetInsider Alert for GMXR
Apr 6, 2005 (streetinsider.com via COMTEX) --GMX RESOURCES INC., (Nasdaq: GMXR) announced the Company has entered into a one year drilling contract to operate and drill wells on its 100% owned Company operated Phase III development in its East Texas properties. The rig is capable of drilling the Company's 10,000' depth Cotton Valley Sand wells and should be on location in May 2005. This drilling will be funded internally from cash flow and the Company's existing line of credit and should increase the number of net wells drilled in the joint development by nearly 200% over 2004 Phase I completions, as a result of the Company's higher ownership percentages in Phase III.
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04/06/2005 01:00:42 PM Briefing.com: Hourly In Play (R) - 13:00 ET [Briefing.com Stock Information]
Apr 06, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 06-Apr-05 13:00 ET
12:48
ADBE Adobe Systems notches new daily high, approaching March/52-wk high at 68.95 (68.82 +1.97) -- Technical --
12:45
PD Phelps Dodge moves to new session high, nearing initial recovery high resistance at 103.00 (102.91 +2.16) -- Technical --
12:29
OPEN Open Solutions acquires SOSystems for approx $11 mln in cash (20.00 -0.07)
12:25
SIMC Simclar named Steven Ker CFO and Secretary, to replace the retiring David Watts (5.72 -0.40)
12:25
LCAV LCA Vision sets new high for the session/week of 34.31 leaving it slightly below its 52-wk high from March at 34.48 (34.28 +1.33) -- Technical --
12:18
MSO Martha Stewart names Sally Preston Senior Vice President/Publisher of Martha Stewart Living Magazine (20.94 +0.06)
12:08
TONS Novamerican Steel Inc. sets new session low, probes this week's low at 48.72 (48.79 -2.28) -- Technical --
11:54
KMG Reversal-Alert -- Kerr-McGee spikes on volume into in positive territory after early pressure (76.59 +0.36) -- Technical --
11:42
Treasury Market Hangs Near Session Highs on Data -Free Day
The market has continued to hold the early bid. Hopes for anything big and policy related out of Federal Reserve Chief Greenspan's GSE testimony were dashed. Any impact derived from the stern tone taken in the chairman's prepared opening speech was tempered by the fact Dow Jones Newswires "obtained" and reported portions of the aforementioned text last night. EuroZone bonds were also better as mid-tier economic releases did not improve and interest rates are expected to remain on hold. The rate surprise of the day was the lack of action by the Australian Reserve Bank, which unexpectedly did not add a 25 basis point bump to the benchmark rate. The curve sloped quietly flatter early as options seemed to steal some focus (please see 10:55ET comment for more). The dollar has rebounded since hitting an overnight low of 1.2910 versus the euro. The overnight weakness in the dollar may have been the result of rumor that Russia and the Paris Club may have struck a deal that would result in Russia paying the $43B it owes the group ahead of schedule. The deal raised speculation Russia would need to buy euros. Gold trading higher on speculation the US will veto IMF bullion sale. US House Representative Saxton said Congress will block any attempt to sell the IMF's 3,217 metric tons of gold, according to Bloomberg. The 10-yrs are currently +08/32nds yielding 4.436%.
11:38
SAFC SAFECO to make major announcement today at 10:30 a.m. P.S.T. (49.47 +0.60)
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04/06/2005 12:35:20 PM StreetInsider Alert for OPEN
Apr 6, 2005 (streetinsider.com via COMTEX) --Open Solutions Inc. (NASDAQ: OPEN) announced it has signed an asset purchase agreement under which it has acquired SOSystems and the Centryx product line. SOSystems is a provider of in-house core data processing and associated support and services for approximately 120 credit unions across the United States. Under terms of the agreement, Open Solutions acquired SOSystems for approximately $11 million in cash. SOSystems will become part of Open Solutions' Core Systems Group and will continue to operate from its headquarters in Orem, Utah. SOSystems will continue to be lead by industry veteran Richard Verhaaren, SOSystems' current chief operating officer, who has more than 15 years of experience serving the credit union industry. He, and the rest of his management team, will be working closely with Open Solutions to oversee integration planning and day-to-day activities.
04/06/2005 12:35:18 PM StreetInsider Alert for SIMC
Apr 6, 2005 (streetinsider.com via COMTEX) --Simclar, Inc. (NASDAQ: SIMC) named Steven Ker Chief Financial Officer and Secretary. Steven will be replacing the retiring David Watts.
04/06/2005 12:35:18 PM StreetInsider Alert for MESA
Apr 6, 2005 (streetinsider.com via COMTEX) --Mesa Air Group, Inc. (Nasdaq: MESA) reported its preliminary traffic figures, on-time performance, and completion rate figures for March 2005. Year-over-year revenue passenger miles increased 26.4% in March 2005 to 537 million, compared to 424 million in March 2004.
04/06/2005 12:25:19 PM StreetInsider Alert for MSO
Apr 6, 2005 (streetinsider.com via COMTEX) --Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) announced that it has named Sally Preston Senior Vice President and Publisher of Martha Stewart Living magazine.
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04/06/2005 11:05:21 AM StreetInsider Alert for RAIL
Apr 6, 2005 (streetinsider.com via COMTEX) --Today's IPO for FreightCar America, Inc. (Nasdaq: RAIL) is open for trading. The stock is currently trading at $20.81 after pricing at $19.00 per share.
FreightCar America is a manufacturer of railroad freight cars, with particular expertise in coal-carrying railcars. ______
04/06/2005 10:46:43 AM MARKET: Indices Go Green; MCI Rejects Qwest's Latest Bid [Knobias]
Ridgeland, MS, APR 06, 2005 (EventX/Knobias.com via COMTEX) --U.S indices (Dow +33, Nasdaq +10, S&P +3) opened on the plus side for the third day in a row helped by declining oil prices and gains in technology after Merrill Lynch raised ratings on a handful of semiconductor stocks. Crude oil (-0.59) prices are lower on speculations that reserves will be sufficient to meet consumer demand and Merrill raised ALTR (+2%), ATYT (+4%), MXIM (+2%), AMIS (+5%) and BRCM (+2%) to a Buy from Neutral. Topping this morning's headlines, MCIP rejects Q's (-1%) latest $8.9B bid, MON (+2%) beat its earnings expectations as profits more than doubled in 2Q and SEBL (-8%) warned of 1Q loss due to weak license revenue. Traders can expect earnings from AA, BBY and LI after the bell.
**Economic Data Due This Week**
04/07/2005 08:30 ET Initial Claims-04/02 (Consensus: 330K; Previous: 350k)
04/07/2005 10:00 ET Wholesale Inventories-Feb. (Consensus: 0.7%; Previous: 1.1%)
04/07/2005 15:00 ET Consumer Credit-Feb. (Consensus: $7.5B; Previous: $11.5B)
Top Stories
* MCIP/Q: MCI Rejects Qwest's Sweetened Bid Again
* MON: Q2 Results Adj $1.39 vs 70c; Beats $1.32 Est
* SEBL: Expects Q1 Rev $297M-$300M, Adj EPS of 0c-1c; BELOW Consensus Est
* MBI: Is Probed For Additional Reinsurer Deal
* FRX: Guides Lower; Sees Q4 ADJ EPS 40c vs 52c Estimate
* RIMM: Q4 Results Adj 71c vs 23c; Beats 65c Est
* ADSK: Raises FY 2006 Guidance Citing Global Sales
* CVC: Makes $16.5B Bid For Adelphia
* WEN: Sees Q1 EPS Below Restated Prior Q1 EPS Of 42c vs 43c Estimate
* DCX: Execs Face Shareholder Barrage at Annual Meeting
* BUD: Sees Q1 ADJ EPS 63c-64c vs 64c Estimate
Hot Stocks
+61.67% > PAX: 'Real People' Star May Bid $2.2B For Paxson TV, Compete With BET
+12.12% > ONT: Licenses On2 Video Codec for Macromedia Flash
+10.88% > BPUR: Completes Patient Enrollment in European Phase 2 Clinical Trial of Hemopure(R) in Coronary Angioplasty Patients
+10.83% > WLSN: March Same-Store Sales Up 27%; StreetInsider Alert
+10.00% > AHN: Awarded $12M in Government Contracts; StreetInsider Alert
+9.56% > VEXP: Reported on by Hototc.com
+6.82% > IDEV: $48.6M In UK Govt Funding Granted For Pro 2000 Trial; StreetInsider Alert
04/06/2005 10:45:28 AM StreetInsider Alert for ROK
Apr 6, 2005 (streetinsider.com via COMTEX) --The Rockwell Automation, Inc. (NYSE: ROK) Board of Directors today declared a 36 percent increase in the quarterly dividend on its common stock, to 22.5 cents per share, payable on June 6, 2005 to shareowners of record at the close of business on May 16, 2005. Prior to the increase, the quarterly dividend was 16.5 cents per share.
04/06/2005 10:40:12 AM StreetInsider Alert for ZIXI
Apr 6, 2005 (streetinsider.com via COMTEX) --Zix Corporation (Nasdaq: ZIXI) announced it has successfully passed the industry's first payor-driven e-prescribing utilization study. This study, specified by Blue Cross Blue Shield of Massachusetts (BCBSMA), was designed to ensure continued utilization of physicians sponsored by the eRx Collaborative. The successful completion of the study provides BCBSMA with evidence of practice and provider commitment to ongoing use of ZixCorp's e-prescribing program.
04/06/2005 10:35:18 AM StreetInsider Alert for LTM
Apr 6, 2005 (streetinsider.com via COMTEX) --Adams Harkness initiating coverage of Life Time Fitness (NYSE: LTM) with a 'Buy' rating and price target of $30.
04/06/2005 10:25:09 AM StreetInsider Alert for DJ:INDU
OxiGene, Inc. (Nasdaq: OXGN) 13.90% HIGHER; Wells Fargo started the stock with a Buy rating; $7.00 price target. The firm sees the potential for a breakthrough of Vascular Technology.
Biopure Corporation (Nasdaq: BPUR) 11.03% HIGHER; completed enrolling patients in the Phase 2 human clinical trial in Europe evaluating the safety and feasibility of the company's investigational oxygen therapeutic Hemopure in patients undergoing elective coronary angioplasty.
Wilsons The Leather Experts Inc. (Nasdaq: WLSN) 10.62% HIGHER; March comparable store sales increased 27%.
Siebel Systems Inc. (Nasdaq: SEBL) 8.63% LOWER; guided Q1 below the consensus. In addition, Wachovia Securities downgraded the stock.
Forest Laboratories, Inc. (NYSE: FRX) 6.16% LOWER; Guided Q4 below the consensus. The primary reason for the shortfall in the quarter is reduced inventory levels at wholesalers and chains.
Superconductor Technologies Inc. (Nasdaq: SCON) 5.45% LOWER; has received a minimum bid notice from The Nasdaq Stock Market.
Eltek Ltd (Nasdaq: ELTK) 4.70% HIGHER; is continuing its recent momentum as the stock has been on a roll since 03/22 when the company announced that they returned to profitability in Q4.
04/06/2005 10:20:17 AM StreetInsider Alert for IPIX
Apr 6, 2005 (streetinsider.com via COMTEX) --IPIX Corporation (NASDAQ: IPIX) announced an OEM partnership with ObjectVideo, the leader in intelligent video surveillance software. The combined technologies automatically identify potential threats in a 360-degree field-of-view (FOV) and allow security personnel to track objects of interest using IPIX's digital pan, tilt and zoom (PTZ).
04/06/2005 09:55:14 AM StreetInsider Alert for RAIL
Apr 6, 2005 (streetinsider.com via COMTEX) --UPDATE: FreightCar America, Inc. (Nasdaq: RAIL) announced today that its initial public offering of 8,500,000 shares of common stock was priced at $19.00 per share. The shares are expected to commence trading later today (Approx 10-11AM ET)
04/06/2005 09:40:14 AM StreetInsider Alert for DOC
Apr 6, 2005 (streetinsider.com via COMTEX) --Digital Angel Corporation (Amex: DOC) announced that its London-based subsidiary, Signature Industries, has been awarded a $1 million contract from the United Kingdom Ministry of Defence for upgraded antenna extensions on its personal locator beacons (PLBs), used by military pilots. Signature Industries expects to begin shipping the new antennas in the second quarter.
04/06/2005 09:35:19 AM StreetInsider Alert for PDFS
Apr 6, 2005 (streetinsider.com via COMTEX) --First Albany upgraded PDF Solutions, Incorporated (Nasdaq: PDFS) from Neutral to Buy; $16.00 price target. The firm is upgrading shares as they see less risk to their estimates over the next couple of qtrs after re-setting expectations last qtr.
04/06/2005 09:35:07 AM StreetInsider Alert for IDEV
Apr 6, 2005 (streetinsider.com via COMTEX) --Indevus Pharmaceuticals, Inc. (Nasdaq: IDEV) said the UK Government and the Medical Research Council of the UK are to provide GBP26 million (approximately $48.6 million) to fund a Phase III clinical trial of PRO 2000, the Company's microbicide under development to prevent sexually acquired HIV infection.
04/06/2005 09:30:30 AM StreetInsider Alert for LHO
Apr 6, 2005 (streetinsider.com via COMTEX) --Raymond James upgraded LaSalle Hotel Properties (NYSE: LHO) from Market Perform to Outperform. The firm notes that LHO is well positioned for the ongoing recovery and has strengthening lodging fundamentals
04/06/2005 09:30:30 AM StreetInsider Alert for AIRM
Apr 6, 2005 (streetinsider.com via COMTEX) --C.E. Unterberg Towbin initiated coverage on Air Methods Corporation (Nasdaq: AIRM) with a Market Perform rating; $9.00 price target.
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04/06/2005 09:30:29 AM StreetInsider Alert for FNF
Apr 6, 2005 (streetinsider.com via COMTEX) --Fidelity National Financial, Inc. (NYSE: FNF) repurchased 2.25 million shares of FNF common stock from ALLTEL (NYSE: AT), its largest shareholder, after the close of trading on April 5, 2005. The common stock was acquired at a purchase price of $31.50, a discount to the closing price of $32.45 for FNF's common stock on April 5, 2005.
04/06/2005 09:30:29 AM StreetInsider Alert for NTAP
Apr 6, 2005 (streetinsider.com via COMTEX) --Morgan Keegan upgraded Network Appliance, Inc. (Nasdaq: NTAP) from Market Perform to Outperform.
04/06/2005 09:30:28 AM StreetInsider Alert for NTAP
Apr 6, 2005 (streetinsider.com via COMTEX) --Morgan Keegan upgraded Network Appliance, Inc. (Nasdaq: NTAP) from Market Perform to Outperform.
~~~ Guidance For Trades ~~~ [ ALT + BACK ARROW ] to Return
CBE JBLU LLL RAD BLUD CULS ARTX DPII ALAN PMCS EK BRCM MXIM ALTR AMIS THLD EOG DBD MMSI SCHN WMS AGI BBG WEN YAKCE IMNY JCOM GTCB AHN IGT ATG ROIAK ETM VAR VCG ATU FRX WON CDL WLK MTSN NCX EMMS NTAP TUTR LIFE AXJ CXR MON OXGN SINT SYNC SYNP IVC NVDA ATYT SCON OSIP GTK IPG INCY EDS AIG PLAB HGSI BHI BUD NOVN PFCB WLSN GIL JCP HOTT PFE HGSI MCIP DNA
04/06/2005 09:25:12 AM StreetInsider Alert for CBE
Apr 6, 2005 (streetinsider.com via COMTEX) --Buckingham Research Group downgraded Cooper Industries Ltd (NYSE: CBE) from Accumulate to Neutral. The firm based their downgrade on the stock's valuation.
04/06/2005 09:20:18 AM StreetInsider Alert for JBLU
Apr 6, 2005 (streetinsider.com via COMTEX) --JetBlue Airways Corporation (NASDAQ: JBLU) reported today that its traffic in March increased 33.7 percent from March 2004, on a capacity increase of 24.1 percent.
04/06/2005 09:20:17 AM StreetInsider Alert for LLL
Apr 6, 2005 (streetinsider.com via COMTEX) --L-3 Communications (NYSE: LLL) announced that its Vertex Aerospace subsidiary (L-3 Vertex) has been awarded a contract to provide Contractor Operated and Managed Base Supply (COMBS) for the U.S. Army National Guard's worldwide C-23 Sherpa aircraft fleet. The value of the initial one-year award is $6.6 million and the total contract value with nine, one-year option periods is $110.7 million. The subcontract, a firm fixed price contract, was awarded to L-3 Vertex by M7 Aerospace, which was awarded the prime contract by the U.S. Army Aviation and Missile Command (AMCOM).
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04/06/2005 09:16:47 AM MARKET: Futures Pointing to Higher Open as Oil Retreats [Knobias]
Ridgeland, MS, APR 06, 2005 (EventX/Knobias.com via COMTEX) --U.S. futures (Dow +21, Nasdaq +4, S&P +2.50) are pointing to a higher open for the third day in a row as oil (-0.49) falls to $55.55 a barrel on expectations that the U.S. petroleum report will show that reserves are increasing. In M&A news, MCIP rejected Q?s current $8.9B offer, opting to go with VZ?s smaller deal and CVC made a $16.5B bid for ADELQ. In other corporate news, HAL received a payment dispute totaling $1.8B from the U.S. Army, MBI faces a probe that it had a secret agreement with another reinsurance company and MON beat the street as net income more than doubled on higher herbicide sales. Asian markets closed higher as blue-chip exporters gathered strength and European markets are green across the board in mid-day trading.
**Economic Data Due This Week**
04/07/2005 08:30 ET Initial Claims-04/02 (Consensus: 330K; Previous: 350k)
04/07/2005 10:00 ET Wholesale Inventories-Feb. (Consensus: 0.7%; Previous: 1.1%)
04/07/2005 15:00 ET Consumer Credit-Feb. (Consensus: $7.5B; Previous: $11.5B)
Top Stories
* MCIP/Q: MCI Rejects Qwest?s Sweetened Bid Again
* MON: Q2 Results Adj $1.39 vs 70c; Beats $1.32 Est
* CVC: Makes $16.5B Bid For Adelphia
* MBI: Is Probed For Additional Reinsurer Deal
* RIMM: Q4 Results Adj 71c vs 23c; Beats 65c Est
* ADSK: Raises FY 2006 Guidance Citing Global Sales
* SEBL: Expects Q1 Rev $297M-$300M, Adj EPS of 0c-1c; BELOW Consensus Est
* DCX: Execs Face Shareholder Barrage at Annual Meeting
* IBM: To Start Expensing Stock Options
* BUD: Sees Q1 ADJ EPS 63c-64c vs 64c Estimate
* HAL: US Army to Pay $1.8B to resolve Payment Dispute
Hot Stocks
+22.04% > ONT: Licenses On2 Video Codec for Macromedia Flash
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04/06/2005 09:15:22 AM StreetInsider Alert for RAD
Apr 6, 2005 (streetinsider.com via COMTEX) --Raymond James downgraded Rite Aid Corporation (NYSE: RAD) from Market Perform to Underperform. The firm based their downgrade on sluggish comps, a shrinking store base and the absence of a coherent strategy.
04/06/2005 09:15:21 AM StreetInsider Alert for BLUD
Apr 6, 2005 (streetinsider.com via COMTEX) --Immucor (Nasdaq: BLUD) reports Q3 earnings of $0.14 per share, in-line with estimates. Revenues came in at $38 million versus the consensus of $36.4 million. Sees FY05 EPS of $0.54-$0.55, versus the consensus of $0.53, and sees FY06 EPS of $0.95-$1.05, versus the consensus of $0.97.
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04/06/2005 09:10:14 AM StreetInsider Alert for CULS
Apr 6, 2005 (streetinsider.com via COMTEX) --Cost-U-Less, Inc. (Nasdaq: CULS) reported an increase of 4.7% in same store sales (stores open a full 13 months), for the five weeks ended March 27, 2005. For the corresponding period a year ago the Company experienced a same store sales increase of 15.8%.
04/06/2005 09:10:13 AM StreetInsider Alert for ARTX
Apr 6, 2005 (streetinsider.com via COMTEX) --Arotech Corporation (Nasdaq: ARTX) announced that its Battery and Power Systems division has received additional funding from the U.S. Army's Communications and Electronics Command, CECOM, for further development of its 4th generation (Gen4) zinc-air cells.
The funding covers Phase II of a three-phased research and development program for Gen4 Zinc-Air Cells aimed at the Future Force Warrior project - the U.S. Army's flagship Science and Technology initiative to develop and demonstrate revolutionary capabilities for Future Force soldier systems. Arotech's Gen4 portable battery pack is 12 or 24 Volts and has a total capacity exceeding 400Wh with Battery Energy Density above 300Wh/kg. The second phase of the program will focus on the development of a pilot production capability.
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04/06/2005 09:05:30 AM StreetInsider Alert for DPII
Apr 6, 2005 (streetinsider.com via COMTEX) --Discovery Partners International, Inc. (Nasdaq: DPII) announced the appointment of Michael C. Venuti, Ph.D. as its Chief Scientific Officer. Dr. Venuti, currently a member of Discovery Partners' Board of Directors, will have overall scientific responsibility for the Company's integrated drug discovery platform and partnerships, and will also continue to serve as a member of the Board.
04/06/2005 09:05:28 AM StreetInsider Alert for ALAN
Apr 6, 2005 (streetinsider.com via COMTEX) --Alanco Technologies Inc. (Nasdaq: ALAN) announced it has been awarded a contract to develop and provide modified TSI PRISM inmate tracking technology for a prison pilot project in Europe. The award-winning technology solution combines Alanco's TSI PRISM and AeroScout Inc.'s Wi-Fi-based Real Time Locating Services ("RTLS") technology. The pilot program, which consists of a four-company consortium
04/06/2005 09:05:15 AM StreetInsider Alert for PMCS
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded PMC-Sierra Incorporated (Nasdaq: PMCS) from Sell to Neutral. The firm based their upgrade on valuation and their belief that order rates from the DSL and enterprise networking markets are beginning to recover and could potentially support upside to its near term estimates.
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04/06/2005 09:00:33 AM StreetInsider Alert for EK
Apr 6, 2005 (streetinsider.com via COMTEX) --Kodak (NYSE: EK) completes accounting review, files form 10-K.
04/06/2005 09:00:24 AM StreetInsider Alert for BRCM
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Broadcom Corporation Class A (Nasdaq: BRCM) from Neutral to Buy. The firm thinks the industry wide inventory correction, which negatively impacted BRCM's rev growth over the last few qtrs, is nearing an end.
04/06/2005 09:00:24 AM StreetInsider Alert for MXIM
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Maxim Integrated Products Inc (Nasdaq: MXIM) from Neutral to Buy; $49.00 price target. The firm views MXIM as having the best potential of any analog company they cover to move above mid-cycle as the year progresses.
04/06/2005 09:00:22 AM StreetInsider Alert for ALTR
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Altera Corporation (Nasdaq: ALTR) from Neutral to Buy. The firm thinks ALTR is better positioned than Xilinx (XLNX) in the FPGA mkt and expects discount to XLNX to reverse.
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04/06/2005 08:55:17 AM StreetInsider Alert for AMIS
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded AMIS Holdings Inc (Nasdaq: AMIS) from Neutral to Buy. The firm views AMIS as a reasonably diversified and decently run company, and would seem to have gotten too cheap as an investment.
04/06/2005 08:55:17 AM StreetInsider Alert for THLD
Apr 6, 2005 (streetinsider.com via COMTEX) --Lazard Freres initiated coverage on Threshold Pharmaceuticals (Nasdaq: THLD) with a Buy rating; $11 price target. The firm views THLD's late-stage programs for pancreatic cancer and BPH as opportunities of success.
04/06/2005 08:55:16 AM StreetInsider Alert for EOG
Apr 6, 2005 (streetinsider.com via COMTEX) --Fulcrum Global Partners downgraded EOG Resources Incorporated (NYSE: EOG) from Buy to Neutral; $49.50 price target. The firm based their downgrade on valuation.
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04/06/2005 08:50:14 AM StreetInsider Alert for DBD
Apr 6, 2005 (streetinsider.com via COMTEX) --Jefferies Group initiated coverage on Diebold, Incorporated (NYSE: DBD) with a Buy rating; $62.00 price target. The firm noted that DBD is a leading provider of ATM machines, security products, and election systems.
04/06/2005 08:50:13 AM StreetInsider Alert for MMSI
Apr 6, 2005 (streetinsider.com via COMTEX) --Stanford Group downgraded Merit Medical Systems, Inc. (Nasdaq: MMSI) from Buy to Hold. The firm lowered their recommendation on the stock as costs associated with the introduction of new manufacturing capacity and higher operating costs during start up will negatively impact margins.
04/06/2005 08:50:13 AM StreetInsider Alert for SCHN
Apr 6, 2005 (streetinsider.com via COMTEX) --Schnitzer Steel (Nasdaq: SCHN) reports Q2 earnings of $1.15 per share, 15 cents better than estimates. Revenues came in at $215.7 million versus the consensus of $198.70 million. (only one analyst polled).
04/06/2005 08:50:12 AM StreetInsider Alert for WMS
Apr 6, 2005 (streetinsider.com via COMTEX) --Legg Mason initiated coverage on WMS Industries Inc. (NYSE: WMS) with a Buy rating; $33.00 price target. The firm sees WMS achieving margins in the low-40's in early 2006.
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04/06/2005 08:45:15 AM StreetInsider Alert for AGI
Apr 6, 2005 (streetinsider.com via COMTEX) --Legg Mason initiated coverage on Alliance Gaming Corporation (NYSE: AGI) with a Hold rating. The firm stated that AGI could be very attractive, however its balance sheet is constrained currently.
04/06/2005 08:45:14 AM StreetInsider Alert for BBG
Apr 6, 2005 (streetinsider.com via COMTEX) --Lehman Brothers initiated coverage on Bill Barrett Corporation (NYSE: BBG) with an Overweight rating; $36.00 price target. The firm noted that BBG is well positioned with sizable ownership stakes in multiple exploration and development prospects in the Rocky Mountains that provide significant reserve/production potential relative to the company's current asset base of 292 Bcfe.
04/06/2005 08:45:14 AM StreetInsider Alert for WEN
Apr 6, 2005 (streetinsider.com via COMTEX) --Wendy's International, Inc. (NYSE: WEN) said same-store sales increased 3.2% to 3.4% at Tim Hortons restaurants in Canada and 5.5% in the United States. Same-store sales decreased 5.1% at Wendy's U.S. Company restaurants and decreased 3.9% to 4.2% at Wendy's U.S. franchised restaurants.
Several factors will cause 2005 first-quarter earnings per share (EPS) to be lower than the prior year's restated first-quarter results of $0.42 (consensus is $0.43). The company affirmed its 2005 growth guidance of $2.17 to $2.23 per share. (consensus is $2.23).
04/06/2005 08:45:13 AM StreetInsider Alert for YAKCE
Apr 6, 2005 (streetinsider.com via COMTEX) --Yak Communications Inc. (NASDAQ: YAKCE) announced that Yak Communications (Canada) Inc., its wholly-owned subsidiary, has purchased the Ontario and Quebec local resale customer base and centrex lines of Navigata Communications Ltd., a member of the Saskatchewan Telecommunications (Sasktel) group of companies.
Yak is acquiring a customer base of approximately 450 small and medium-sized enterprise customers, totaling more than 5,000 centrex lines on which resale services are provided. These services include long distance calling, toll free calling, private lines, Internet access, web hosting, co-location, and calling cards. Yak plans to integrate the acquired customers and lines into its Business division.
04/06/2005 08:40:25 AM StreetInsider Alert for IMNY
Apr 6, 2005 (streetinsider.com via COMTEX) --I-many Inc. (Nasdaq: IMNY) and CYA Technologies, Inc., announce a reseller partnership agreement. In this partnership, I-many will leverage CYA's leading business continuity solution suite to enable I-many customers to benefit from increased productivity, improved data integrity, and decreased downtime.
04/06/2005 08:40:24 AM StreetInsider Alert for JCOM
Apr 6, 2005 (streetinsider.com via COMTEX) --j2 Global Communications, Inc. (Nasdaq: JCOM) announced the continuation of its international expansion, including new service in Asia, additional cities in France, and an additional 1.2 million European telephone numbers.
04/06/2005 08:40:24 AM StreetInsider Alert for GTCB
Apr 6, 2005 (streetinsider.com via COMTEX) --GTC Biotherapeutics, Inc. (Nasdaq: GTCB) announced that the United States Food and Drug Administration (FDA) has allowed GTC to begin a further clinical study of ATryn for the hereditary antithrombin deficiency indication. ATryn is GTC's recombinant form of human antithrombin. A successful outcome of this study and a historical control comparison is expected to provide the clinical basis for filing a Biologics License Application with the FDA.
04/06/2005 08:40:23 AM StreetInsider Alert for AHN
Apr 6, 2005 (streetinsider.com via COMTEX) --ATC Healthcare, Inc., (AMEX: AHN) said it has been awarded two government contracts totaling over $12 million. The two contracts are to provide healthcare staffing services to the State of Michigan at the Jackson Medical Complex, a state correctional medical facility and outpatient clinics in Jackson MI, and healthcare staffing services to the Devens Federal Medical Center, a Federal Bureau of Prisons medical facility in Worchester County, MA.
04/06/2005 08:40:05 AM StreetInsider Alert for IGT
Apr 6, 2005 (streetinsider.com via COMTEX) --Legg Mason initiated coverage on International Game Technology (NYSE: IGT) with a Buy rating. $0.35 target Price. The firm expects strong free cash flow for the next several years.
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04/06/2005 08:35:19 AM StreetInsider Alert for ATG
Apr 6, 2005 (streetinsider.com via COMTEX) --Morgan Stanley resumed coverage on AGL Resources Inc. (NYSE: ATG) with an Overweight rating; $40.00 price target. The firm is resuming coverage on the stock and noted that impact of NUI and Jefferson Island acquisitions likely to be better than expected. ATG's 18.5% total return should be in top quartile of risk-adjusted returns in industry over next 12-18 months. The firm is raising their 05/06 EPS ests and will likely beat consensus with future free cash flow upside. In addition, they noted that higher earnings growth should drive free cash flow growth, particularly after 2008 when capex should fall by $80M as ATG completes its pipeline replacement program in Georgia.
04/06/2005 08:35:18 AM StreetInsider Alert for ROIAK
Apr 6, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on Radio One Inc (Nasdaq: ROIAK) with an Underperform rating. The firm is initiating the Radio broadcasting sector with a Cautious coverage view, noting radio is a traditional advertising revenue-driven industry, and pricing power in radio is weak. They believe sector fundamentals are subpar, valuations are full, and catalysts are lacking. Although they would underweight radio from a portfolio perspective, they would buy CCU and WON as two value-priced names that offer secular growth and the best strategic value.
04/06/2005 08:35:18 AM StreetInsider Alert for ETM
Apr 6, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on Entercom Communications Corporation (NYSE: ETM) with an In-Line rating. The firm is initiating the Radio broadcasting sector with a Cautious coverage view, noting radio is a traditional advertising revenue-driven industry, and pricing power in radio is weak. They believe sector fundamentals are subpar, valuations are full, and catalysts are lacking. Although they would underweight radio from a portfolio perspective, they would buy CCU and WON as two value-priced names that offer secular growth and the best strategic value.
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04/06/2005 08:30:26 AM StreetInsider Alert for VAR
Apr 6, 2005 (streetinsider.com via COMTEX) --Jefferies initiates coverage on Varian Medical (NYSE: VAR) with a 'buy' rating and $41 price target. The analyst says the risk/reward profile is positive at current valuation levels.
04/06/2005 08:30:25 AM StreetInsider Alert for VCG
Apr 6, 2005 (streetinsider.com via COMTEX) --Wachovia Securities initiated coverage on Valor Communications Group, Incorporated (NYSE: VCG) with an Outperform rating. The firm based their Outperform rating on valuation.
04/06/2005 08:30:15 AM StreetInsider Alert for ATU
Apr 6, 2005 (streetinsider.com via COMTEX) --JP Morgan initiated coverage on Actuant Corporation (NYSE: ATU) with an Overweight rating. The firm notes that ATU has strong secular growth characteristics, the potential for EPS upside driven by KCI accretion and they view that organic growth will accelerate in FY06.
04/06/2005 08:30:15 AM StreetInsider Alert for FRX
Apr 6, 2005 (streetinsider.com via COMTEX) --Forest Laboratories, Inc. (NYSE: FRX) warns for Q4; net sales for the quarter are expected to be approximately $614 million. The primary reason for the shortfall in the quarter is reduced inventory levels at wholesalers and chains. Sees EPS of $0.40. The current consensus is $705.07M and $0.52.
04/06/2005 08:30:14 AM StreetInsider Alert for WON
Apr 6, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on Westwood One, Inc. (NYSE: WON) with an Outperform rating. The firm is initiating the Radio broadcasting sector with a Cautious coverage view, noting radio is a traditional advertising revenue-driven industry, and pricing power in radio is weak. They believe sector fundamentals are subpar, valuations are full, and catalysts are lacking. Although they would underweight radio from a portfolio perspective, they would buy CCU and WON as two value-priced names that offer secular growth and the best strategic value.
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04/06/2005 08:25:16 AM StreetInsider Alert for CDL
Apr 6, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on Citadel Broadcasting Corporation (NYSE: CDL) with an In-Line rating. The firm is initiating the Radio broadcasting sector with a Cautious coverage view, noting radio is a traditional advertising revenue-driven industry, and pricing power in radio is weak. They believe sector fundamentals are subpar, valuations are full, and catalysts are lacking. Although they would underweight radio from a portfolio perspective, they would buy CCU and WON as two value-priced names that offer secular growth and the best strategic value.
04/06/2005 08:25:15 AM StreetInsider Alert for WLK
Apr 6, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgraded Westlake Chemical Corporation (NYSE: WLK) from Overweight to Underweight. The firm notes that rising inventories of Polyethylene (PE) polymers are making it difficult NCX and WLK to maintain prices and are also exerting pressure on ethylene and propylene monomer prices, even as raw material costs have escalated.
04/06/2005 08:25:15 AM StreetInsider Alert for MTSN
Apr 6, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiates coverage on Mattson Technology Inc (Nasdaq: MTSN) with an 'outperform' rating and $12 price target. The analyst says the company is well-positioned to continue capitalizing on execution gains achieved over the past year.
04/06/2005 08:25:14 AM StreetInsider Alert for NCX
Apr 6, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgraded Nova Chemicals Corporation (NYSE: NCX) from Overweight to Underweight. The firm notes that rising inventories of Polyethylene (PE) polymers are making it difficult NCX and WLK to maintain prices and are also exerting pressure on ethylene and propylene monomer prices, even as raw material costs have escalated.
04/06/2005 08:20:21 AM StreetInsider Alert for EMMS
Apr 6, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on Emmis Communications Corporation Cl A (Nasdaq: EMMS) with an In-Line rating. The firm is initiating the Radio broadcasting sector with a Cautious coverage view, noting radio is a traditional advertising revenue-driven industry, and pricing power in radio is weak. They believe sector fundamentals are subpar, valuations are full, and catalysts are lacking. Although they would underweight radio from a portfolio perspective, they would buy CCU and WON as two value-priced names that offer secular growth and the best strategic value.
04/06/2005 08:20:20 AM StreetInsider Alert for NTAP
Apr 6, 2005 (streetinsider.com via COMTEX) --IBM (NYSE: IBM) and Network Appliance (NASDAQ: NTAP) today announced a strategic storage relationship to drive information on demand solutions and to expand IBM's portfolio of storage solutions, already one of the largest and most advanced sets of storage and information management products in the industry.
04/06/2005 08:20:20 AM StreetInsider Alert for TUTR
Apr 6, 2005 (streetinsider.com via COMTEX) --CL King & Associates initiated coverage on PLATO Learning Inc (Nasdaq: TUTR) with an Accumulate rating.
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04/06/2005 08:15:19 AM StreetInsider Alert for LIFE
Apr 6, 2005 (streetinsider.com via COMTEX) --William Blair initiated coverage on Lifeline Systems, Inc. (Nasdaq: LIFE) with an Outperform rating. In the firm's opinion, LIFE's solid growth prospects, strong business model, experienced mgmt team, and limited dependence on government reimbursement make the stock a compelling long-term investment opportunity.
04/06/2005 08:15:18 AM StreetInsider Alert for AXJ
Apr 6, 2005 (streetinsider.com via COMTEX) --AXM Pharma, Inc. (AMEX: AXJ) signed a 2005 Distribution Agreement for $604,595 with Shanghai Zhenshan for the Company's line of Whisper feminine hygiene products for distribution in Shanghai.
04/06/2005 08:15:14 AM StreetInsider Alert for CXR
Apr 6, 2005 (streetinsider.com via COMTEX) --Goldman Sachs initiated coverage on Cox Radio, Inc. (NYSE: CXR) with an In-Line rating. The firm is initiating the Radio broadcasting sector with a Cautious coverage view, noting radio is a traditional advertising revenue-driven industry, and pricing power in radio is weak. They believe sector fundamentals are subpar, valuations are full, and catalysts are lacking. Although they would underweight radio from a portfolio perspective, they would buy CCU and WON as two value-priced names that offer secular growth and the best strategic value.
04/06/2005 08:15:13 AM StreetInsider Alert for MON
Apr 6, 2005 (streetinsider.com via COMTEX) --Monsanto Co (NYSE: MON) reports Q2 earnings of $1.38 per share, versus the consensus of $1.28. Revenues came in at $1.91 billion versus the consensus of $1.67 billion.
04/06/2005 08:15:12 AM StreetInsider Alert for OXGN
Apr 6, 2005 (streetinsider.com via COMTEX) --Wells Fargo initiated coverage on OxiGene, Inc. (Nasdaq: OXGN) with a Buy rating; $7.00 price target. The firm sees the potential for a breakthrough of Vascular Technology.
04/06/2005 08:15:11 AM StreetInsider Alert for SINT
Apr 6, 2005 (streetinsider.com via COMTEX) --SI International, Inc. (Nasdaq: SINT) announced that it has been awarded a prime contract by the Air Force Space Command (AFSPC) to provide engineering, planning, and programming support for the Global Positioning System (GPS). The competitive task order has a one-year base period with four one-year options. The contract's value is $11.46 million over five years, if all options are exercised.
04/06/2005 08:10:19 AM StreetInsider Alert for SYNC
Apr 6, 2005 (streetinsider.com via COMTEX) --Intellisync Corporation (Nasdaq: SYNC) and CREDANT Technologies have jointly collaborated to enhance the mobile experience by making their respective flagship products, Intellisync Mobile Suite and CREDANT Mobile Guardian, interoperable.
04/06/2005 08:10:18 AM StreetInsider Alert for SYNP
Apr 6, 2005 (streetinsider.com via COMTEX) --Synplicity Inc. (Nasdaq: SYNP) announced its Synplify ASIC synthesis software has been adopted by Samsung Electronics Co. and may now be used by Samsung's ASIC customers. As a part of the relationship between the two companies, Samsung is integrating Synplicity's ASIC synthesis software into its ASIC design flow as a qualified ASIC synthesis solution. In addition, Synplicity has added Samsung as the latest member of the Synplify ASIC vendor support program.
04/06/2005 08:05:27 AM StreetInsider Alert for IVC
Apr 6, 2005 (streetinsider.com via COMTEX) --Invacare Corporation (NYSE: IVC) announces the signing of an exclusive agreement with Microban International, Ltd., allowing the company to introduce Microban antimicrobial technology into its standard products line, starting with bath safety products. Microban Intl., a global leader in built-in antimicrobial product protection, produces technology that protects products from stain- and odor-causing bacteria, mold and mildew, making them easier to clean and keeping them cleaner between cleanings.
04/06/2005 08:05:27 AM StreetInsider Alert for NVDA
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded NVIDIA Corporation (Nasdaq: NVDA) from Sell to Neutral. The firm noted they prefer ATYT for the next 6-12 months, and continues to believe that ATYT is better positioned than NVDA over the long term on both valuation and strategic grounds.
04/06/2005 08:05:26 AM StreetInsider Alert for ATYT
Apr 6, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded ATI Technologies Inc (Nasdaq: ATYT) from Neutral to Buy. The firm prefers ATYT for the next 6-12 months, and continues to believe that ATYT is better positioned than NVDA over the long term on both valuation and strategic grounds.
04/06/2005 08:05:26 AM StreetInsider Alert for SCON
Apr 6, 2005 (streetinsider.com via COMTEX) --Superconductor Technologies Inc. (Nasdaq: SCON) has received a letter from The NASDAQ Stock Market notifying the company that for the last 30 consecutive business days, the bid price of the company's common stock has closed below the minimum $1.00 per share price requirement for continued inclusion under NASD Marketplace Rules.
STI has 180 days to regain compliance with The NASDAQ National Market $1.00 minimum bid price rule (October 3, 2005).
04/06/2005 08:05:16 AM StreetInsider Alert for OSIP
Apr 6, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgraded OSI Pharmaceuticals Inc (Nasdaq: OSIP) from Underperform to Market Perform. The firm noted that cancer drug Tarceva penetration forecasts are aggressive, the recent 15% price increase combined with year-to-date share price declines greater than 40% roughly balance the risk/reward of a short position.
04/06/2005 08:01:18 AM StreetInsider Alert for GTK
Apr 6, 2005 (streetinsider.com via COMTEX) --GTECH Holdings Corporation (NYSE: GTK) today announced that Executive Vice President and Chief Operating Officer David J. Calabro has elected to retire from the Company effective May 15, 2005.
04/06/2005 08:01:18 AM StreetInsider Alert for IPG
Apr 6, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgrades Interpublic (NYSE: IPG) from 'hold' to 'buy' and raises their price target from $12.50 to $16. The analyst says the the bulk of the bad news is behind the company and that its organic growth rate and margins will improve from here.
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04/06/2005 08:01:02 AM StreetInsider Alert for INCY
Apr 6, 2005 (streetinsider.com via COMTEX) --Incyte Corporation (Nasdaq: INCY) announced that it has initiated a Phase I clinical trial of INCB7839, a novel orally-available sheddase inhibitor that is being developed as a treatment for solid tumors.
04/06/2005 08:01:01 AM StreetInsider Alert for EDS
Apr 6, 2005 (streetinsider.com via COMTEX) --Electronic Data Systems (NYSE: EDS) announced an extension of its Information and Communications Technology outsourcing contract with the Australian Taxation Office until June 2008. The contract extension is valued at more than AU$300 million (US$225 million).
04/06/2005 08:01:01 AM StreetInsider Alert for AIG
Apr 6, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades American Int'l Group (NYSE: AIG) from Buy to Neutral on recent management shake up-Price target $57.
04/06/2005 08:01:00 AM StreetInsider Alert for PLAB
Apr 6, 2005 (streetinsider.com via COMTEX) --Jefferies & Co downgrades Photronics (Nasdaq: PLAB) from Buy to Hold on valuation-Price target $19.
04/06/2005 08:00:58 AM StreetInsider Alert for HGSI
Apr 6, 2005 (streetinsider.com via COMTEX) --Human Genome Sciences, Inc. (Nasdaq: HGSI) said LymphoStat-Bhas met the primary efficacy and safety endpoints in a Phase 2 clinical trial in patients with rheumatoid arthritis. The Phase 2 study results show that LymphoStat-B(TM) is safe and well tolerated, biologically active, and reduces the signs and symptoms of rheumatoid arthritis at a level of statistical significance.
04/06/2005 08:00:58 AM StreetInsider Alert for BHI
Apr 6, 2005 (streetinsider.com via COMTEX) --UBS Securities upgrades Baker Hughes (NYSE: BHI) from Neutral to Buy on valuation-Price target $55.
04/06/2005 08:00:57 AM StreetInsider Alert for BUD
Apr 6, 2005 (streetinsider.com via COMTEX) --Legg Mason downgrades Anheuser-Busch (NYSE: BUD) from Hold to Sell on lowered 2005 forecast.
04/06/2005 08:00:56 AM StreetInsider Alert for NOVN
Apr 6, 2005 (streetinsider.com via COMTEX) --Noven Pharmaceuticals (Nasdaq: NOVN) announced positive preliminary results from clinical trials of its methylphenidate transdermal system which is being developed in conjunction with Shire Pharmaceuticals Group plc for children with Attention Deficit Hyperactivity Disorder (ADHD).
04/06/2005 08:00:55 AM StreetInsider Alert for PFCB
Apr 6, 2005 (streetinsider.com via COMTEX) --P. F. Changs China Bistro (Nasdaq: PFCB) now sees Q1 revenues of $194.2 million, higher than analysts estimates of $193.15 million.
04/06/2005 08:00:55 AM StreetInsider Alert for WLSN
Apr 6, 2005 (streetinsider.com via COMTEX) --Wilsons The Leather Experts Inc. (NASDAQ: WLSN) said March comparable store sales increased 27.0% for the five weeks ended April 2.
04/06/2005 08:00:54 AM StreetInsider Alert for GIL
Apr 6, 2005 (streetinsider.com via COMTEX) --Gildan Activewear (NYSE: GIL) now sees Q2 earnings between $0.66-0.72 per share vs. analysts estimates of $0.65. GIL sees full-year earnings at approx. $2.80 per share vs. analysts estimates of $2.68.
04/06/2005 08:00:53 AM StreetInsider Alert for JCP
Apr 6, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades J.C. Penney (NYSE: JCP) from Market Perform to Outperform on core growth outlook-Price target $63.
04/06/2005 08:00:53 AM StreetInsider Alert for HOTT
Apr 6, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Hot Topic (Nasdaq: HOTT) from Market Perform to Outperform on positive trends-Price target $27.
04/06/2005 08:00:52 AM StreetInsider Alert for PFE
Apr 6, 2005 (streetinsider.com via COMTEX) --Morgan Stanley upgrades Pfizer (NYSE: PFE) from Equalweight to Overweight after recent cost cutting announcement.
04/06/2005 08:00:49 AM StreetInsider Alert for HGSI
Apr 6, 2005 (streetinsider.com via COMTEX) --Human Genome Sciences (Nasdaq: HGSI) announced that LymphoStat-B has met the primary efficacy and safety endpoints in a Phase 2 clinical trial in patients with rheumatoid arthritis. The Phase 2 study results show that LymphoStat-B is safe and well tolerated, biologically active, and reduces the signs and symptoms of rheumatoid arthritis at a level of statistical significance.
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04/06/2005 08:00:20 AM StreetInsider Alert for MCIP
Apr 6, 2005 (streetinsider.com via COMTEX) --MCI Inc. (Nasdaq: MCIP) announced it has rejected the $9.1 billion takeover offer from Qwest Communications (NYSE: Q), possibly leaving the door open for Verizon.
04/06/2005 08:00:19 AM StreetInsider Alert for DNA
Apr 6, 2005 (streetinsider.com via COMTEX) --Genentech (NYSE: DNA), Biogen Idec (Nasdaq: BIIB) and Roche announced that a Phase III clinical study of Rituxan (Rituximab) met its primary endpoint of a greater proportion of Rituxan-treated patients achieving an American College of Rheumatology (ACR) 20 response at week 24, compared to placebo.
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