04/13/2005 05:10:28 PM StreetInsider Alert for DJ:INDU
Apr 13, 2005 (streetinsider.com via COMTEX) --The Dow finished 104.04 points lower to close at 10,403, the Nasdaq fell 31.03 points to close at 1,974 and the S&P 500 lost 13.97 points to close at 1,173.
The markets closed out the trading session in the red today despite another decline in oil prices as disappointing March retail sales stoked fears of weaker consumer spending and an overall economic slowdown due to higher gas prices. Volume was steady with 2.04 billion shares trading on the NYSE and 1.70 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 23:10 on the NYSE and by a margin of 22:9 on the Nasdaq.
In individual stories, Broadwing (Nasdaq: BWNG) closed 23.14% higher after electing to pay off some debt with cash. On the downside, Magma Design (Nasdaq: LAVA) closed 40.76% lower after suffering a legal setback in its court battle with rival Synopsys Inc. (Nasdaq: SNPS) over patents when the Company's chief scientist and co-founder said that inventions he conceived while working for Synopsys were the basis for some of Magma's products and patents.
Tomorrow traders will be watching for data from Initial Claims and Business Inventories. Both are due to hit the wires at 8:30 A.M.
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04/13/2005 05:00:32 PM Briefing.com: Hourly In Play (R) - 17:00 ET [Briefing.com Stock Information]
Apr 13, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
ORCH Orchid Biosci proposes changing its name to Orchid Cellmark
16:22
IFIN Investors Fncl beats by $0.04 (49.14 -1.47)
Reports Q1 (Mar) earnings of $0.60 per share, $0.04 better than the Reuters Estimates consensus of $0.56; revenues rose 8.1% year/year to $167.8 mln vs the $166.7 mln consensus.
16:21
UTSI UTStarcom files 2003 10-K/A with the SEC
UTSIE currently anticipates filing its 10-K for the year ended Dec 31, 2004 on or before April 15, 2005.
16:18
AMD Advanced Micro spinning off Flash unit (17.06 -0.17)
-Update- Spansion, the flash memory venture of AMD and Fujitsu, announces it has filed a registration statement with the SEC for a proposed initial public offering of its class A common stock. The number of shares to be offered and the estimated price range for the common stock have not been determined.
16:12
LPNT Lifepoint Hospitals announces terms to acquire Province (45.77 +0.50)
LifePoint Hospitals (LPNT 45.77 +0.50) and Province Healthcare (PRV 24.65 +0.12) announce that the exchange ratio in connection with LifePoint's previously announced proposed acquisition of Province will be 0.2917 which, together with $11.375 in cash, will be exchanged for each share of Province. Closing scheduled for April 15.
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04/13/2005 04:55:09 PM StreetInsider Alert for STK
Apr 13, 2005 (streetinsider.com via COMTEX) --StorageTek (NYSE: STK) warns for Q1; sees total revenue of approximately $500 million and net income is expected to be between $0.18 and $0.21 diluted earnings per share, versus the consensus of $520.90M and $0.26.
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04/13/2005 04:50:15 PM StreetInsider Alert for HUB.BHUB.B
Apr 13, 2005 (streetinsider.com via COMTEX) --Hubbell Incorporated (NYSE: HUB.A) (NYSE: HUB.B) lowers FY05 guidance; sees FY05 EPS of $2.55-$2.80 versus its prior guidance of $2.65-$2.95 and the consensus of $2.84.
04/13/2005 04:45:18 PM StreetInsider Alert for AMD
Apr 13, 2005 (streetinsider.com via COMTEX) --Advanced Micro Devices Inc (NYSE: AMD) reported a Q1 EPS loss of $0.04, 6 cents worse than estimates. Revenues came in at $1.236 billion versus the consensus of $1.21 billion.
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04/13/2005 04:35:17 PM StreetInsider Alert for AAPL
Apr 13, 2005 (streetinsider.com via COMTEX) --Apple Computer Inc (Nasdaq: AAPL) reported Q2 EPS of $0.34, 10 cents better than estimates. Revenues came in at $3.24 billion versus the consensus of $3.18 billion. ______
04/13/2005 04:30:18 PM StreetInsider Alert for IBIS
Apr 13, 2005 (streetinsider.com via COMTEX) --Ibis Technology Corporation (Nasdaq: IBIS) announced that Gerald Cameron, its chief operating officer, will be leaving the company to pursue other opportunities. Cameron is expected to stay with the company until the earlier of June 30, 2005 or a replacement is found, assisting with an orderly transition.
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04/13/2005 04:25:16 PM StreetInsider Alert for ACUS
Apr 13, 2005 (streetinsider.com via COMTEX) --Acusphere, Inc. (NASDAQ: ACUS) announced that it met with various representatives of the Division of Medical Imaging and Radiopharmaceuticals at the Food and Drug Administration (FDA). This division is responsible for reviewing Acusphere's clinical trial results and plans as well as a potential New Drug Application (NDA) for AI-700. The purpose of this meeting was to discuss the rationale behind the Phase 3 clinical design and statistical analysis plan with new members of the division, particularly the new division head, who were not involved in these discussions before the start of Phase 3 pivotal trials, and to receive their feedback. FDA has been proactive and constructive in meeting with Acusphere to provide continuing guidance on its expectations regarding the statistical analysis plan for the Phase 3 trials. Based on this feedback, Acusphere has revised its statistical analysis plan. These revisions require Phase 3 pivotal trial enrollment of approximately 700 patients rather than 600 as had been previously estimated.
04/13/2005 04:25:16 PM StreetInsider Alert for ADRX
Apr 13, 2005 (streetinsider.com via COMTEX) --Andrx Corporation (Nasdaq: ADRX) said the FDA has granted final approval of its Abbreviated New Drug Application for metformin hydrochloride extended-release tablets, 750mg. Andrx has already commenced shipping this product. Andrx's metformin HCl ER tablets, 750mg, are the AB-rated generic equivalent of Bristol-Myers Squibb's (NYSE: BMY) Glucophage XR Tablets, 750mg, a product indicated for the treatment of type 2 diabetes.
04/13/2005 04:20:19 PM StreetInsider Alert for AMD
Apr 13, 2005 (streetinsider.com via COMTEX) --Spansion, the flash memory venture of AMD (NYSE: AMD) and Fujitsu, today announced it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its class A common stock. The number of shares to be offered and the estimated price range for the common stock have not been determined.
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04/13/2005 04:10:19 PM StreetInsider Alert for EASI
Apr 13, 2005 (streetinsider.com via COMTEX) --Engineered Support Systems, Inc. (Nasdaq: EASI) announced several changes to senior executive team positions resulting from the company's ongoing succession planning efforts, company Vice Chairman and CEO Gerald A. Potthoff said today.
04/13/2005 04:10:18 PM StreetInsider Alert for JDAS
Apr 13, 2005 (streetinsider.com via COMTEX) --JDA Software Group Inc. (Nasdaq: JDAS) warns for Q1; anticipates total revenues of approximately $50 million and non-GAAP earnings of approximately $0.07 - $0.08 per share, versus the consensus of $52.73M and $0.11.
04/13/2005 04:10:18 PM StreetInsider Alert for LRCX
Apr 13, 2005 (streetinsider.com via COMTEX) --Lam Research Corp (Nasdaq: LRCX) reported Q3 EPS of $0.44, 1 cent better than estimates. Revenues came in at $349.3 million versus the consensus of $350.18 million.
04/13/2005 04:10:17 PM StreetInsider Alert for MOGN
Apr 13, 2005 (streetinsider.com via COMTEX) --MGI Pharma Inc (Nasdaq: MOGN) reported Q1 EPS NON GAAP of $0.11 GAAP was $0.15, versus the consensus of $0.16. Revenues came in at $63.2 million versus the consensus of $66.21 million. ______
~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return
Due to news wire problems at the source, today, SI Alerts were both delayed, and are not complete. We apologize for any inconvenience. - D. Fisher, Editor
Compuware Corporation (Nasdaq: CPWR) 14.54% LOWER; warned for Q4.
Elan Corp PLC (NYSE: ELN) 13.53% HIGHER; the AFFIRM Phase III trial of TYSBARI met all primary and secondary endpoints.
FARO Technologies, Inc. (Nasdaq: FARO) 12.98% HIGHER; sees Q1 revenue above the consensus.
Kos Pharmaceuticals (Nasdaq: KOSP) 11.81% HIGHER; signed Co-Promotion, Licensing and Manufacturing, and Settlement and License Agreements with Barr Pharmaceuticals (NYSE: BRL) relating to the resolution of the patent litigation.
ImClone Systems Incorporated (NASDAQ: IMCL) 9.80% LOWER; is delaying the filing of a supplemental Biologics License Application for Erbitux until later in the year.
04/13/2005 01:00:35 PM Briefing.com: Hourly In Play (R) - 13:00 ET [Briefing.com Stock Information]
Apr 13, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 13-Apr-05 13:00 ET
12:56
Mixed volume for disappointing session
A disappointing session thus far as the averages have failed to build upon yesterday's late day surge with a weaker bias maintained throughout. Volume is heavier at this stage at the NYSE (761 mln) vs. Tuesday's levels but lower at the Nasdaq (855 mln). Pressuring the market today are: Steel -2.4%, Semi -1.5%, Paper -1.4%, Transportation -1.4%, Chemical -1.2%, Housing -1.2%, Oil Service -1.1%, Broker/Dealer -1%, Oil -0.9%, Insurance -0.9%, Software -0.9%. Drug +1.5% is the top performer along with Tobacco +0.7% and Health Provider +0.6%.
12:51
Crude Oil slips to worst levels of the day... $50.30 -1.56.. intraday range $51.20-$50.30
12:45
DF Dean Foods hovering near best level of the day and the early April high of 35.90 (35.90 +0.57) -- Technical --
The seven month high from Feb is at 36.00.
12:22
YHOO 200 Day-Alert -- Yahoo! breaks under yesterday's low, tests support at its 200 day sma at 33.60 (33.66 -0.62) -- Technical --
12:17
Unusual Volume Movers on No News: AOLA, IED, OTIV, RNVS, CELL
The following stocks are already showing volume above average total daily volume in the just the first three hours of trading: AOLA (0.26 +0.09, +53.4%, 7.9x avg daily vol), IED (5.26 +0.28, +5.6%, 4.9x), OTIV (14.98 +0.88, +6.2%, 3.6x), RNVS (7.60 +0.57, +8.1%, 2.8x), CELL (22.92 +1.97, +9.4%, 2.1x).
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04/13/2005 12:10:12 PM StreetInsider Alert for LLY
Apr 13, 2005 (streetinsider.com via COMTEX) --Eli Lilly and Company (NYSE: LLY) siad the U.S. District Court for the Southern District of Indiana has stated that Judge Richard Young will render his decision on Thursday, April 14, 2005 at 5:50 p.m. Eastern Daylight Savings Time in the Zyprexa patent case of Eli Lilly and Company v. Zenith Goldline Pharmaceuticals et al.
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04/13/2005 11:05:08 AM StreetInsider Alert for ANGO
Apr 13, 2005 (streetinsider.com via COMTEX) --AngioDynamics, Inc. (NASDAQ: ANGO) announced a favorable Markman ruling in the patent lawsuit between Diomed Inc. (AMEX: DIO) and AngioDynamics, Inc.
Yesterday, Judge Sterns of the United States District Court issued the Memorandum and Order on Claims Construction, commonly known as the Markman ruling, in which the court rejected Diomed's interpretation of certain claim limitations. Instead, the Court agreed with AngioDynamics' position on certain claim limitations and, as a result, effectively reinforced AngioDynamics' position that it does not infringe the '777 patent.
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04/13/2005 10:50:13 AM StreetInsider Alert for ASEI
Apr 13, 2005 (streetinsider.com via COMTEX) --American Science and Engineering, Inc. (NASDAQ: ASEI) has received two orders for its Z Backscatter Van(TM) (ZBV) X-ray screening systems. The orders totaling $1.8 million are from a domestic and an international law enforcement agency. The ZBVs will be equipped with AS&E's Radioactive Threat Detection (RTD) technology to detect nuclear devices and dirty bombs hidden in vehicles or containers. The systems will be configured for remote and harsh environment operation and to function in "Portal Mode," which allows operators to inspect passing vehicles from a stationary position. The orders include installation, operator training, and parts and warranty. ______
04/13/2005 10:40:10 AM StreetInsider Alert for DJ:INDU
Broadwing (Nasdaq: BWNG) 33.06% HIGHER; Elected to pay off some debt with cash, a move which caused Thomas Weisel to upgrade the stock.
Magma Design (Nasdaq: LAVA) 21.66% LOWER; J.P. Morgan removed the stock from its Focus List.
Harley-Davidson (NYSE: HDI) 16.64% LOWER; cut FY05 EPS and shipment guidance. In addition, RBC Capital Markets and Lehman Brothers downgraded the stock.
Elan Corp PLC (NYSE: ELN) 14.32% HIGHER; the AFFIRM Phase III trial of TYSBARI met all primary and secondary endpoints, including disability progression and relapse rate.
ImClone Systems Incorporated (NASDAQ: IMCL) 11.33% LOWER; is delaying the filing of a supplemental Biologics License Application for Erbitux for Head and Neck cancer until later in the year. In addition, Credit Suisse FB and Fulcrum Partners downgraded the stock.
Compuware Corporation (Nasdaq: CPWR) 11.16% LOWER; warned for Q4.
VIA NET.WORKS, Inc. (Nasdaq: VNWI) 11.11% LOWER; is seeing profit taking after yesterdays's high due to Claranet's offer to buy the Company.
Kos Pharmaceuticals (Nasdaq: KOSP) 10.64% HIGHER; signed Co-Promotion, Licensing and Manufacturing, and Settlement and License Agreements with Barr Pharmaceuticals (NYSE: BRL) relating to the resolution of the patent litigation involving the Company's Niaspan products.
04/13/2005 10:35:18 AM StreetInsider Alert for CTT
Apr 13, 2005 (streetinsider.com via COMTEX) --Competitive Technologies, Inc. (Amex: CTT) said a homocysteine assay license has been granted to the Roche Diagnostics Division of F. Hoffman-La Roche Ltd. under CTT's U.S. Patent Number 4,940,658 relating to homocysteine medical tests.
04/13/2005 10:25:14 AM StreetInsider Alert for ANF
Apr 13, 2005 (streetinsider.com via COMTEX) --Abercrombie & Fitch (NYSE: ANF) announced that Susan J. Riley resigned as the Company's Chief Financial Officer effective April 15, 2005 for family reasons and to return to her home in New York City.
04/13/2005 10:25:14 AM StreetInsider Alert for HRLY
Apr 13, 2005 (streetinsider.com via COMTEX) --Herley Industries, Inc. (Nasdaq: HRLY) acquired Innovative Concepts, Inc., a ISO 9001-2001 CMMI Level 3 company for approximately $20 million.
HRLY said Innovative Concepts had revenues in their last fiscal year of approximately $28 million. Bookings are increasing and their business is growing. The company is profitable, and thy expect this acquisition will be accretive.
04/13/2005 09:40:11 AM StreetInsider Alert for BW
Apr 13, 2005 (streetinsider.com via COMTEX) --Brush Engineered Materials Inc. (NYSE: BW) warns for Q1; the company confirmed Q1 revenue to be within the previously announced range of $125.0 to $135.0 million. However, citing weaker conditions in the telecommunications and computer and automotive electronics markets, which developed later in the quarter, related weaker product mix and other operating factors, the Company is revising its previously announced earnings projection of $0.25 to $0.30 per share down to $0.20 to $0.25 per share for the first quarter 2005 (consensus is $0.27)
04/13/2005 09:35:21 AM StreetInsider Alert for HDI
Apr 13, 2005 (streetinsider.com via COMTEX) --Lehman Brothers downgrades Harley-Davidson (NYSE: HDI) from 'overweight' to 'underweight' and cuts its price target from $68 to $53, citing deceleration in unit and earnings growth and said the lowered guidance took them by surprise.
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