05/12/2005 04:40:18 PM StreetInsider Alert for DJ:INDU
May 12, 2005 (streetinsider.com via COMTEX) --The Dow finished 110.77 points lower to close at 10,189, the Nasdaq fell 7.67 points to close at 1,963, and the S&P 500 lost 11.75 points to close at 1,159.
The markets closed out the trading session in the red today, despite a jump in retail sales and a decline in oil prices, after weak Q1 results and a Q2 warning from Wal-Mart (NYSE: WMT) overshadowed previous optimism.
Volume was moderate with 1.99 billion shares trading on the NYSE and 1.73 billion on the Nasdaq. Decliners outpaced advancers today by a margin of 23:9 on the NYSE and by a margin of 19:11 on the Nasdaq.
In individual stories, CUNO Inc. (Nasdaq: CUNO) closed 29.24% higher after entering into a definitive agreement with 3M (NYSE: MMM) to be acquired in an all cash merger for $72 dollars per share (approx $1.35 billion) including the assumption of $60 million of existing net debt. On the downside, Proxim (Nasdaq: PROX) closed 55.00% lower after announcing it may have to seek bankruptcy protection if it can't raise money shortly.
Tomorrow traders will be watching for data on Export Prices ex-ag., Import Prices ex-oil, Business Inventories, and Consumer Sentiment. Export Prices ex-ag., Import Prices ex-oil, and Business Inventories are expected to hit the wires at 8:30 A.M. Consumer Sentiment is scheduled for 9:45 A.M.
05/12/2005 04:35:13 PM StreetInsider Alert for ATRS
May 12, 2005 (streetinsider.com via COMTEX) --Altiris, Inc. (Nasdaq: ATRS) and Symantec (Nasdaq: SYMC) announced an amicable settlement of all pending patent litigation. The companies have entered into a patent cross-license agreement that resolves all legal claims between the companies. As part of the agreement, Symantec will pay a $10 million fee to Altiris for use of the disputed patented technology in any of Symantec's solutions. Other details of the settlement agreement are confidential.
05/12/2005 04:30:18 PM StreetInsider Alert for SNY
May 12, 2005 (streetinsider.com via COMTEX) --Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) announced that it and the sanofi-aventis Group (NYSE: SNY) have initiated a safety and tolerability study of the Vascular Endothelial Growth Factor (VEGF) Trap in combination with oxaliplatin/5-fluorouracil/leucovorin (FOLFOX4) in patients with advanced solid malignancies.
05/12/2005 04:30:17 PM StreetInsider Alert for CHRK
May 12, 2005 (streetinsider.com via COMTEX) --Cherokee Intl (Nasdaq: CHRK) reports Q1 earnings of $0.03 per share, versus the consensus of $0.06. Revenues came in at $32 million versus the consensus of $33.2 million. The company expects Q2 sales to decline slightly from Q1 due to anticipated softness in the telecom market segment, versus the consensus of $35.64 million.
05/12/2005 04:25:17 PM StreetInsider Alert for ANEN
May 12, 2005 (streetinsider.com via COMTEX) --Anaren, Inc. (Nasdaq: ANEN) announced that its Board of Directors has authorized the repurchase of up to an additional 2 million shares of the Company's outstanding common stock. This authorization is in addition to the 858,464 shares remaining from the Board's previous authorization in August 2004. Anaren intends to repurchase shares from time to time by means of open market purchases and privately negotiated transactions at prevailing market prices. The number of shares purchased, if any, will be dependent upon market conditions. Anaren currently has 18,595,716 shares of common stock outstanding. "This authorization to repurchase additional shares of stock reflects our continued confidence in the Company's growth potential and our commitment to enhancing shareholder value," said Anaren President and Chief Executive Officer, Lawrence A. Sala.
05/12/2005 04:25:17 PM StreetInsider Alert for NVDA
May 12, 2005 (streetinsider.com via COMTEX) --NVIDIA Corp (Nasdaq: NVDA) reported Q1 EPS of $0.36, 8 cents better than estimates. Revenues came in at $583.8 million versus the consensus of $581.19 million.
05/12/2005 04:25:16 PM StreetInsider Alert for EMCI
May 12, 2005 (streetinsider.com via COMTEX) --EMC Insurance Group Inc. (Nasdaq: EMCI) announced that its parent company, Employers Mutual Casualty Company, has initiated a $15 million stock purchase program under which Employers Mutual will purchase shares of the Company's common stock in the open market. This purchase program is effective immediately and does not have an expiration date. Because Employers Mutual currently owns a majority of the Company's common stock, the purchase program will be conducted under the provisions of Securities and Exchange Commission Rule 10b-18, which provides a "safe harbor" from liability for manipulation of the stock price by reason of the manner, timing, price and volume of purchases of stock in the open market.
05/12/2005 04:20:28 PM StreetInsider Alert for STXS
May 12, 2005 (streetinsider.com via COMTEX) --Stereotaxis Inc (Nasdaq: STXS) reported a Q1 loss of $0.27, 1 cent worse than estimates. Revenues came in at $5.1 million.
05/12/2005 04:20:27 PM StreetInsider Alert for CEPH
May 12, 2005 (streetinsider.com via COMTEX) --Cephalon, Inc. (Nasdaq: CEPH) signed a definitive merger agreement under which it will acquire all of the outstanding capital stock of Salmedix, Inc. for approximately $160 million cash; the company is required to pay an additional $40 million of cash payments upon the achievement of certain regulatory milestones. At the close of the transaction, Salmedix is expected to have approximately $25 million in cash on hand, net of transaction-related expenses.
05/12/2005 04:20:26 PM StreetInsider Alert for CFNL
May 12, 2005 (streetinsider.com via COMTEX) --Cardinal Financial Corporation (NASDAQ: CFNL) announced the pricing of its public offering of 4,500,000 shares of common stock at a price of $8.25 per share. In addition, the Company granted the underwriters a 30-day over-allotment option to purchase up to an additional 675,000 shares, at the offering price less the underwriting discount. The Company will use proceeds from the sale of its common stock to increase its capital to support future growth and expansion and for general corporate purposes. All of the shares sold in the offering will be newly issued by the Company and represent new financing.
05/12/2005 04:20:26 PM StreetInsider Alert for STEL
May 12, 2005 (streetinsider.com via COMTEX) --Stellent Inc (Nasdaq: STEL) reported Q4 EPS of $0.05, 1 cent worse than estimates. Revenues came in at $28.5 million versus the consensus of $28.61 million.
05/12/2005 04:20:25 PM StreetInsider Alert for BBBB
May 12, 2005 (streetinsider.com via COMTEX) --Blackboard Inc (Nasdaq: BBBB) reported Q1 EPS of $0.20, 5 cents better than estimates. Revenues came in at $30.9 million versus the consensus of $30.57 million. Sees Q2 EPS of $0.17-$0.18 versus the consensus of $0.17.
05/12/2005 04:15:28 PM StreetInsider Alert for DELL
May 12, 2005 (streetinsider.com via COMTEX) --Dell Inc (Nasdaq: DELL) reported Q1 EPS of $0.37, in-line with estimates. Revenues came in at $13.39 billion versus the consensus of $13.42 billion. Sees Q2 EPS of $0.37-$0.39 versus the consensus of $0.38.
05/12/2005 04:15:27 PM StreetInsider Alert for GPRO
May 12, 2005 (streetinsider.com via COMTEX) --Gen-Probe Incorporated (Nasdaq: GPRO) announced that it has been issued U.S. Patent No. 6,890,742, which broadly claims an automated process for isolating and amplifying a target nucleic acid sequence within a closed system.
05/12/2005 04:10:23 PM StreetInsider Alert for WSTL
May 12, 2005 (streetinsider.com via COMTEX) --Westell Technologies Inc (Nasdaq: WSTL) reported Q4 EPS of $0.12, in-line with estimates. Revenues came in at $78.2 million versus the consensus of $75.87 million. Sees Q1 EPS of $0.10-$0.12 versus the consensus of $0.11.
05/12/2005 04:05:32 PM StreetInsider Alert for VSAT
May 12, 2005 (streetinsider.com via COMTEX) --ViaSat Inc (Nasdaq: VSAT) reported Q4 EPS of $0.27, 3 cents better estimates. Revenues came in at $90.9 million versus the consensus of $90.24 million.
05/12/2005 04:05:31 PM StreetInsider Alert for PSUN
May 12, 2005 (streetinsider.com via COMTEX) --Pacific Sunwear of California Inc (Nasdaq: PSUN) reported Q1 EPS of $0.23, in-line with estimates. Revenues came in at $280 million versus the consensus of $284.69 million. Announces additional $100 million stock buyback.
05/12/2005 04:05:31 PM StreetInsider Alert for KSS
May 12, 2005 (streetinsider.com via COMTEX) --Kohl's Corp (NYSE: KSS) reported Q1 EPS of $0.36, may not be comparable to estimates of $0.37. Revenues came in at $2.74 billion versus the consensus of $2.74 billion.
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MTG RCNI SVNT (To Earlier Below)
05/12/2005 03:55:18 PM StreetInsider Alert for MTG
May 12, 2005 (streetinsider.com via COMTEX) --MGIC Investment Corporation's (NYSE: MTG) Board of Directors today declared a quarterly cash dividend of $0.15 per share. The dividend rate is an increase of $0.075 per share from the prior dividend rate of $0.075 per share, or annual rate of $0.60 per share, versus the prior annual rate of $0.30 per share.
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05/12/2005 02:45:17 PM StreetInsider Alert for RCNI
May 12, 2005 (streetinsider.com via COMTEX) --RCN Corporation (NASDAQ: RCNI) announced that Michael T. Sicoli, 34, has joined the company as Executive Vice President and Chief Financial Officer. Mr. Sicoli comes to RCN from Nextel Communications, Inc. (NASDAQ: NXTL) where he held the position of Vice President and Assistant Treasurer. Patrick Hogan, who has served as RCN's CFO since 2004, has been appointed Executive Vice President-Corporate. Both Mr. Sicoli and Mr. Hogan will report to Peter Aquino, RCN's President and CEO.
05/12/2005 02:15:10 PM StreetInsider Alert for SVNT
May 12, 2005 (streetinsider.com via COMTEX) --Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) announced positive top-line results of its completed Phase 2 trial for its lead drug candidate, Puricase. This trial was designed to test the safety and efficacy of Puricase in patients with symptomatic gout who are intolerant of or unresponsive to conventional therapy.
The primary objective of the study was to determine the most appropriate dosing for a pivotal Phase 3 clinical trial, upon which the registration will be based. The Company believes that this objective has been achieved.
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AMTD DJ:INDU VITA HRLY HLTH RCRC BOO (To Earlier Below)
05/12/2005 01:20:14 PM StreetInsider Alert for AMTD
May 12, 2005 (streetinsider.com via COMTEX) --E*TRADE FINANCIAL (NYSE: ET) today confirmed its proposal to Ameritrade (Nasdaq: AMTD) for a strategic combination of the two companies. The proposal outlined a specific deal structure that would give Ameritrade shareholders 47.5% fully-diluted ownership of the combined E*TRADE FINANCIAL/Ameritrade entity plus approximately $1.5 billion in cash, with expected synergies of at least $650 million. Terms of E*TRADE FINANCIAL's proposal to Ameritrade also include joint participation in senior management roles and representation on the Board of the combined entity.
05/12/2005 01:20:13 PM StreetInsider Alert for DJ:INDU
May 12, 2005 (streetinsider.com via COMTEX) --5/12: Streetinsider.com's Unusual 11 Afternoon Movers:
Proxim (Nasdaq: PROX) 55.50% LOWER; said it may have to seek bankruptcy protection.
CUNO Inc. (Nasdaq: CUNO) 29.19% HIGHER; entered into a definitive agreement with 3M (NYSE: MMM) to be acquired for approx $1.35 billion.
Arctic Cat (Nasdaq: ACAT) 16.69% LOWER; reported disappointing Q4 results and warned for Q1 and FY06.
Travelzoo Inc (Nasdaq: TZOO) 15.77% HIGHER; is rumored to be a takeover target after Sabre Holdings (NYSE: TSG) acquired lastminute.com. for $1.1 billion.
Cosi (Nasdaq: COSI) 14.38% LOWER; reported disappointing Q1 results.
FindWhat.com, Inc. (NASDAQ: FWHT) 14.02% HIGHER; the Court declared a mistrial in the patent infringement dispute brought against the Company by Overture Services, Inc.
Tweeter Home Entertainment Group Inc (Nasdaq: TWTR) 13.06% HIGHER; the CEO bought 10,000 shares on 05/11 at $2.51.
Matrix Service Co. (Nasdaq: MTRX) 13.03% HIGHER; will receive approximately $97 million in a collaboration with Mitsubishi Heavy Industries.
CuraGen Corporation (Nasdaq: CRGN) 12.46% HIGHER; announced that TopoTarget A/S signed a Cooperative R&D Agreement with the Division of Cancer Treatment and Diagnosis at the National Cancer Institute relating to PXD101.
05/12/2005 01:10:06 PM StreetInsider Alert for VITA
May 12, 2005 (streetinsider.com via COMTEX) --Orthovita, Inc. (NASDAQ: VITA) reported that it has received the CE Certification for its VITOSS Foam product line, which permits products under this line to be sold in all of the countries of the European Union as well as in other countries, such as Switzerland and Australia, that have adopted the European Union's regulatory standards. In the U.S., the VITOSS Foam product line was 510(k) cleared by the FDA at the end of 2003 and was a significant factor contributing to the 59% to the overall growth in product sales during 2004, with additional product iterations still being planned for 2005. This latest CE Certification is in addition to those received in July 2000 for the core VITOSS Bone Graft Substitute product line, in October 2001 for the use of CORTOSS in securing the fixation of bone screws in patients with weak bone caused by osteoporosis, and in January 2003 again for CORTOSS for its use for vertebral augmentation of VCFs, including compression fractures of the spine caused by osteoporosis and invasive tumors.
05/12/2005 12:30:11 PM StreetInsider Alert for HRLY
May 12, 2005 (streetinsider.com via COMTEX) --U.S. Army Aviation has awarded Innovative Concepts, Inc., a wholly owned subsidiary of Herley Industries, Inc. (Nasdaq: HRLY), an $8.5 million first-year option, increasing the original five-year contract to $17.1 million. This contract is for the development of the next generation of the Improved Data Modem Army Operational Flight Program Software Version 8.1.
05/12/2005 12:25:20 PM StreetInsider Alert for HLTH
May 12, 2005 (streetinsider.com via COMTEX) --WebMD Health Holdings, Inc. subsidiary, WebMD Corporation (Nasdaq: HLTH) said that the $50 million amount referred to on the cover page of the registration statement was set forth solely for the purpose of calculating registration fees and is not indicative of the final size and terms of the securities being offered. The final size and terms of the offering will be provided in a future filing.
05/12/2005 11:35:10 AM StreetInsider Alert for RCRC
May 12, 2005 (streetinsider.com via COMTEX) --RC2 Corporation (Nasdaq: RCRC) completed a multi-year extension to its long-standing licensing agreement with Deere & Company (NYSE: DE). The agreement gives RC2 rights to produce and sell under its Ertl, Learning Curve and The First Year brands a wide range of infant, toddler, toy and collectible products associated with John Deere.
05/12/2005 10:50:11 AM StreetInsider Alert for BOO
May 12, 2005 (streetinsider.com via COMTEX) --Collegiate Pacific Inc. (AMEX: BOO) announced the completion of its acquisition of Salkeld Team Sports of Bourbonnais, IL. Salkeld Team Sports is a leading distributor of team sporting goods products in the state of Illinois with annual revenues in excess of $7,000,000.
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DJ:INDU NICK CVS CTG LFUS HSP SATC (To Earlier Below)
05/12/2005 10:30:25 AM StreetInsider Alert for DJ:INDU
May 12, 2005 (streetinsider.com via COMTEX) --5/12: Streetinsider.com's Unusual 8 Morning Movers:
Proxim (Nasdaq: PROX) 51.25% LOWER; said it may have to seek bankruptcy protection if it can't raise money shortly.
CUNO Inc. (Nasdaq: CUNO) 29.53% HIGHER; entered into a definitive agreement with 3M (NYSE: MMM) to be acquired in an all cash merger for $72 dollars per share (approx $1.35 billion) including the assumption of $60 million of existing net debt.
CuraGen Corporation (Nasdaq: CRGN) 19.55% HIGHER; announced that TopoTarget A/S signed a Cooperative Research and Development Agreement with the Division of Cancer Treatment and Diagnosis at the National Cancer Institute relating to PXD101.
Travelzoo Inc (Nasdaq: TZOO) 16.42% HIGHER; is rumored to be a takeover target after Sabre Holdings (NYSE: TSG) acquired lastminute.com. for $1.1 billion.
Acxiom Corp (Nasdaq: ACXM) 13.58% LOWER; reported disappointing Q4 results. In addition, U.S. Bancorp and Robert W. Baird downgraded the stock.
Cosi (Nasdaq: COSI) 12.86% LOWER; reported disappointing Q1 results.
Matrix Service Co. (Nasdaq: MTRX) 12.53% HIGHER; will receive approximately $97 million in a collaboration with Mitsubishi Heavy Industries.
05/12/2005 10:25:17 AM StreetInsider Alert for NICK
May 12, 2005 (streetinsider.com via COMTEX) --Nicholas Financial, Inc. (Nasdaq: NICK) said its Board of Directors has declared a three for two (3 for 2) stock split on the Company's outstanding shares of common stock, payable in the form of a 50% stock dividend, on June 17, 2005, to shareholders of record as of the close of business on June 3, 2005.
05/12/2005 10:15:17 AM StreetInsider Alert for CVS
May 12, 2005 (streetinsider.com via COMTEX) --CVS Corporation (NYSE: CVS) announced that its Board of Directors declared a two-for-one stock split, to be effected in the form of a stock dividend, distributable on June 6, 2005 to shareholders of record on May 23, 2005. CVS shareholders will therefore receive a dividend of one share of CVS stock for every share of stock owned as of May 23, 2005.
05/12/2005 10:10:23 AM StreetInsider Alert for CTG
May 12, 2005 (streetinsider.com via COMTEX) --CTG (NYSE: CTG) announced that its Board of Directors has authorized the Company to repurchase 1.0 million of its common shares outstanding
05/12/2005 10:10:22 AM StreetInsider Alert for LFUS
May 12, 2005 (streetinsider.com via COMTEX) --Littelfuse, Inc. (NASDAQ: LFUS) announced that its Board of Directors has authorized the purchase by Littelfuse of up to one million shares of Littelfuse common stock during the period commencing May 1, 2005, and ending April 30, 2006. Littelfuse has approximately 22.4 million shares outstanding.
05/12/2005 10:00:17 AM StreetInsider Alert for HSP
May 12, 2005 (streetinsider.com via COMTEX) --Hospira (NYSE: HSP) is 7% higher in early action after the company reported Q1 earnings of $0.55 per share, 17 cents better than estimates. Revenues came in at $662.1 million versus the consensus of $617.6 million. The company also reaffirms FY05 EPS of $1.53-$1.60 and revenues of $2.5 billion, versus the consensus of $1.64 and $2.54 billion, respectivly.
05/12/2005 09:50:09 AM StreetInsider Alert for SATC
May 12, 2005 (streetinsider.com via COMTEX) --SatCon Technology Corporation (Nasdaq: SATC) announced that it has been awarded a contract with the U. S. Army Research Laboratory (ARL) to assist in the development of power conversion electronics and controls in two key technology areas. These are power control and conversion systems for hybrid electric vehicles and pulse energy applications such as active armor. The contract has a current value of $2.8 million through 2007.
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DRRX NRPH NKTR SNIC CRGN LMNX ISIS ATCO TMWD SNTS EFX IDSY PBI ALSK VDSI COLM IMCO FSTC AGIX LTXX FALC NAT TK OSG OMM HLTH DSX INCY AMTD CAL GIGA ALTI EYET CECE HELE CNTY ZION MEDX JLG NRD EASI PRS IOMS GOL CNLG KAR FDX DHR SRDX ACAT ACXM AFCE GERN FLIR CEPH AMT DEBS AEOS ERICY MUSE GKIS DJ NBL CAL NTAP SPNC BKE TSG QCCO GMCR MOVI IDNX GE URBN MYL CUNO WMT
05/12/2005 09:25:16 AM StreetInsider Alert for DRRX
May 12, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Durect Corp (Nasdaq: DRRX) with a 'buy' rating and $6 price target.
05/12/2005 09:25:15 AM StreetInsider Alert for NRPH
May 12, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on New River Pharmaceuticals (Nasdaq: NRPH) with a 'buy' rating and $39 price target.
05/12/2005 09:25:13 AM StreetInsider Alert for NKTR
May 12, 2005 (streetinsider.com via COMTEX) --WR Hambrecht initiates coverage on Nektar Therapeutics (Nasdaq: NKTR) with a 'buy' rating and $25 price target.
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05/12/2005 09:15:25 AM StreetInsider Alert for SNIC
May 12, 2005 (streetinsider.com via COMTEX) --Sonic Solutions (NASDAQ: SNIC) is 9% higher in pre-open action after the company announced it entered into a multi-year license agreement with Yahoo! Inc. (NASDAQ: YHOO), in which Yahoo! will embed AuthorScript Music, Sonic's digital music CD/DVD burning and ripping engine for music in both its current music applications, Yahoo! Music Engine and Musicmatch Jukebox 10.
05/12/2005 09:15:24 AM StreetInsider Alert for CRGN
May 12, 2005 (streetinsider.com via COMTEX) --CuraGen Corporation (Nasdaq: CRGN) announced that TopoTarget A/S signed a Cooperative Research and Development Agreement (CRADA) with the Division of Cancer Treatment and Diagnosis (DCTD) at the National Cancer Institute (NCI) relating to PXD101, a histone deacetylase (HDAC) inhibitor. PXD101, which is being co- developed by CuraGen and TopoTarget for the treatment of solid and hematologic cancers, is currently in a Phase II clinical trial for the treatment of advanced multiple myeloma.
05/12/2005 09:15:23 AM StreetInsider Alert for LMNX
May 12, 2005 (streetinsider.com via COMTEX) --Luminex Corporation (Nasdaq: LMNX) partner, Tm Bioscience (Tm), announced earlier this week the company received FDA clearance for their Tag-It Cystic Fibrosis kit (CF). This is the first FDA-cleared genetic disease test using Luminex's xMAP multiplexing technology and also, as noted in the Tm release on May 9, 2005, the first FDA cleared test for Cystic Fibrosis.
05/12/2005 09:15:23 AM StreetInsider Alert for ISIS
May 12, 2005 (streetinsider.com via COMTEX) --OncoGenex Technologies announced that results from a second Phase 1 study of OGX-011, the company's lead product candidate, will be presented at the ASCO. OGX-011 is being co-developed by OncoGenex and Isis Pharmaceuticals, Inc. (NASDAQ: ISIS). OGX-011 is a second-generation antisense inhibitor of clusterin. Clusterin is a cell-survival protein that is over-expressed in many cancers and is associated with treatment resistance and poor clinical outcome.
05/12/2005 09:15:22 AM StreetInsider Alert for ATCO
May 12, 2005 (streetinsider.com via COMTEX) --American Technology Corporation (NASDAQ: ATCO) announced it has signed a preferred partnership agreement with the USAV Group, LLC, a national association of leading professional audio/visual solutions dealers. USAV Group has selected American Technology Corporation (ATC) as its sole provider of directional sound products. Under the terms of the contract, American Technology Corporation's award-winning HyperSonic Sound products will be distributed by USAV Group authorized dealers ______
05/12/2005 09:10:32 AM StreetInsider Alert for TMWD
May 12, 2005 (streetinsider.com via COMTEX) --Tumbleweed Communications Corp. (Nasdaq: TMWD) announced that MedReview Inc., a leader in medical reviews and programs for prospective, concurrent and retrospective monitoring, has implemented the Tumbleweed MailGate Email Firewall and Secure Messenger products to protect critical information, meet regulatory compliance requirements, and significantly reduce IT costs.
05/12/2005 09:10:20 AM StreetInsider Alert for SNTS
May 12, 2005 (streetinsider.com via COMTEX) --Santarus, Inc. (NASDAQ: SNTS) filed a shelf registration statement with the SEC which, when declared effective, will permit Santarus, from time to time, to offer and sell up to $75 million of debt or equity securities.
05/12/2005 09:10:15 AM StreetInsider Alert for EFX
May 12, 2005 (streetinsider.com via COMTEX) --The Board of Directors of Equifax Inc. (NYSE: EFX) approved an increase in its dividend payment for the second quarter of 2005 by 33 percent to $.04 per share from $.03 per share. The Board declared the quarterly dividend, payable on June 15, 2005, to shareholders of record as of May 25, 2005. Equifax has paid cash dividends for 92 consecutive years.
05/12/2005 09:10:13 AM StreetInsider Alert for IDSY
May 12, 2005 (streetinsider.com via COMTEX) --I.D. Systems, Inc. (Nasdaq: IDSY) announced that it has received a purchase order from Walgreen Co. to deploy I.D. Systems' Wireless Asset Net industrial fleet management system on a fleet of material handling vehicles at a Walgreens distribution center in Illinois. This is Walgreens third major distribution center to be equipped with the Wireless Asset Net.
05/12/2005 09:10:12 AM StreetInsider Alert for PBI
May 12, 2005 (streetinsider.com via COMTEX) --Pitney Bowes Inc. (NYSE: PBI) signed a definitive agreement to acquire 100% of the stock of Imagitas, Inc. for approximately $230 million, net of unrestricted cash on the balance sheet of Imagitas. Imagitas is a marketing services company that specializes in using the mail to help companies connect with hard to reach consumers.
05/12/2005 09:10:11 AM StreetInsider Alert for ALSK
May 12, 2005 (streetinsider.com via COMTEX) --Raymond James downgraded Alaska Communications Systems Group Incorporated (Nasdaq: ALSK) from Outperform to Market Perform. The firm is downgrading ALSK based on valuation.
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05/12/2005 09:05:25 AM StreetInsider Alert for VDSI
May 12, 2005 (streetinsider.com via COMTEX) --Raymond James initiated coverage on Vasco Data Security International Inc (Nasdaq: VDSI) with a Market Perform rating. The firm notes that they are "very bullish" on prospects for VDSI, however seeing little opportunity for significant upside from current levels.
05/12/2005 09:05:25 AM StreetInsider Alert for COLM
May 12, 2005 (streetinsider.com via COMTEX) --Lazard Freres initiated coverage on Columbia Sportswear Company (Nasdaq: COLM) with a Hold rating; $48.00 price target. According to the firm, sales growth is decelerating, margins and contracting and competition is intensifying.
05/12/2005 09:05:24 AM StreetInsider Alert for IMCO
May 12, 2005 (streetinsider.com via COMTEX) --Adams Harkness downgrades IMPCO Technologies Inc (Nasdaq: IMCO) from 'buy' to 'market perform', citing near-term operational issues.
05/12/2005 09:05:11 AM StreetInsider Alert for FSTC
May 12, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiated coverage on Fastclick, Incorporated (Nasdaq: FSTC) with a Peer Perform rating. The firm believes growing competition will cut into margins.
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05/12/2005 09:00:18 AM StreetInsider Alert for AGIX
May 12, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiated coverage on AtheroGenics Inc (Nasdaq: AGIX) with a Peer Perform rating. The firm estimates current fair value of $15. ______
05/12/2005 08:55:10 AM StreetInsider Alert for LTXX
May 12, 2005 (streetinsider.com via COMTEX) --Fulcrum Global Partners initiated coverage on LTX Corporation (Nasdaq: LTXX) with a Buy rating; $5.00 price target. The firm believes tales of LTXX's demise are greatly exaggerated. They believe LTXX is in the midst of cleaning up its act by completing it's transition to a sec-gen product portfolio and continuing to lower its breakeven. In addition, they noted that market share loss concerns to TXN are without merit.
05/12/2005 08:55:09 AM StreetInsider Alert for FALC
May 12, 2005 (streetinsider.com via COMTEX) --Roth Capital restarted coverage on FalconStor Software, Incorporated (Nasdaq: FALC) with a Buy rating; $8.75 price target. The firm is restarting coverage on the stock believing FalconStor represents an attractive investment with improving financial metrics including a strong balance sheet coupled with a strong free cash flow.
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05/12/2005 08:50:14 AM StreetInsider Alert for NAT
May 12, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on Nordic American Tanker Shipping Limited (NYSE: NAT) with a Peer Perform rating. The firm believes good news is priced into valuation and shares lack a catalyst.
05/12/2005 08:50:13 AM StreetInsider Alert for TK
May 12, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on Teekay Shipping Corporation (NYSE: TK) with a Peer Perform rating. The firm based their rating on valuation.
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05/12/2005 08:45:20 AM StreetInsider Alert for OSG
May 12, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on Overseas Shipholding Group, Inc. (NYSE: OSG) with a Peer Perform rating. The broker believes OSG has much to digest near-term due to: The 2004 Jobs Creation Act, its JV with LNG, acquisition of Stelmar, and its proposal to in-charter US Flag newbuild vessels.
05/12/2005 08:45:19 AM StreetInsider Alert for OMM
May 12, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on OMI Corporation (NYSE: OMM) with an Outperform rating; $25.00 price target. The firm believes the shares are undervalued due to above avg earnings & a modern all-double-hull fleet.
05/12/2005 08:45:18 AM StreetInsider Alert for HLTH
May 12, 2005 (streetinsider.com via COMTEX) --WebMD Corp. (Nasdaq: HLTH) filed to raise up to $50 million in an initial public offering for its WebMD Health Holdings Inc. unit.
05/12/2005 08:45:04 AM StreetInsider Alert for DSX
May 12, 2005 (streetinsider.com via COMTEX) --Bear Stearns initiated coverage on Diana Shipping, Incorporated (NYSE: DSX) with an Outperform rating; $20.00 price target. In the firm's opinion, DSX has solid fundamentals along with well positioned revenue coverage.
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05/12/2005 08:40:11 AM StreetInsider Alert for INCY
May 12, 2005 (streetinsider.com via COMTEX) --Thomas Weisel Partners initiated coverage on Incyte Corporation (Nasdaq: INCY) with an Outperform rating. The firm sees a high probability of positive near-term catalyst and cites the company's lead drug, Reverst, as addressing the large HIV market opportunity.
05/12/2005 08:40:11 AM StreetInsider Alert for AMTD
May 12, 2005 (streetinsider.com via COMTEX) --Ameritrade's (Nasdaq: AMTD) board of directors affirms company is not for sale. NOTE - E*Trade (NYSE: ET) and the company had been rumored to be in talks.
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05/12/2005 08:30:39 AM StreetInsider Alert for CAL
May 12, 2005 (streetinsider.com via COMTEX) --JP Morgan downgrades Continental Airlines Inc (NYSE: CAL) from 'overweight' to 'neutral' and removes the stock from their 'Focus List'. The analyst added Northwest Airlines Corp (Nasdaq: NWAC) to their 'Focus List'.
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05/12/2005 08:25:16 AM StreetInsider Alert for GIGA
May 12, 2005 (streetinsider.com via COMTEX) --Giga-tronics, Incorporated (NASDAQ: GIGA) is higher in pre-open action after the company reported that Q4 net sales were $5,268,000, up 60% from $3,295,000 in the same quarter for the prior year. Net profit for the period was $203,000 or $0.04 per fully diluted share compared with a net loss of $1,712,000 or $0.36 per fully diluted share for the same period a year ago. Income from continuing operations for the fourth quarter was $222,000 or $0.05 per fully diluted share compared to a loss from continuing operations of $1,727,000 or $0.36 per fully diluted share for the same period a year ago.
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05/12/2005 08:20:24 AM StreetInsider Alert for ALTI
May 12, 2005 (streetinsider.com via COMTEX) --Altair Nanotechnologies, Inc. (Nasdaq: ALTI) is higher in pre-open action (+11.9%) after the company said revenues increased by 635 percent, to over $1 million for the first quarter of 2005, when compared to the first quarter of 2004 which recorded revenues of $139,749. For the quarter ended March 31, 2005, Altair reported a net loss of $2.2 million, representing a net loss per common share of $0.04, as compared to a net loss of $1.7 million, or $0.04 per common share in the first quarter of 2004.
05/12/2005 08:20:19 AM StreetInsider Alert for EYET
May 12, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates Eyetech Pharmaceuticals Inc (Nasdaq: EYET) with an Underperform rating.
05/12/2005 08:20:19 AM StreetInsider Alert for CECE
May 12, 2005 (streetinsider.com via COMTEX) --CECO Environmental Corp. (Nasdaq: CECE) said its wholly owned subsidiary, BUSCH International, has received an order from a French based engineering company for the BUSCH patented *JetStar strip cooling unit for a steel mill in Slovakia. The *JetStar unit will allow the mill to maximize production on a galvanizing line. The value of this order is $680,000.
CECO also reports that bookings for the month of April were $10.9 million, maintaining CECO's estimated backlog at its record level of $26 million as of the end of April.
05/12/2005 08:20:18 AM StreetInsider Alert for HELE
May 12, 2005 (streetinsider.com via COMTEX) --Helen of Troy (Nasdaq: HELE) reports Q4 earnings of $0.37 per share, 1 cent worse than estimates. Revenues came in at $127.6 million versus the consensus of $120 million. Sees FY06 EPS of $2.50-$2.60 versus the consensus of $2.86.
05/12/2005 08:20:18 AM StreetInsider Alert for CNTY
May 12, 2005 (streetinsider.com via COMTEX) --Roth Capital upgraded Century Casinos Inc (Nasdaq: CNTY) from Neutral to Buy; $9.50 price target. In the firm's opinion, the shares are undervalued following yesterday's sell off on news that it was denied the Iowa license.
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05/12/2005 08:15:18 AM StreetInsider Alert for ZION
May 12, 2005 (streetinsider.com via COMTEX) --Sandler O'Neill downgraded Zions Bancorporation (Nasdaq: ZION) from Buy to Hold; $77.00 price target. The firm's downgrade is based on valuation.
05/12/2005 08:15:17 AM StreetInsider Alert for MEDX
May 12, 2005 (streetinsider.com via COMTEX) --Ono Pharmaceutical Co., Ltd. and Medarex, Inc. (Nasdaq: MEDX) entered into a collaborative research agreement to research and develop a fully human anti-PD-1 antibody for the potential treatment of cancer.
05/12/2005 08:15:16 AM StreetInsider Alert for JLG
May 12, 2005 (streetinsider.com via COMTEX) --SunTrust Banks initiated coverage on JLG Industries, Inc. (NYSE: JLG) with a Buy rating; $29.00 price target. The firm assigned a Buy rating on the stock as channel checks suggest contractor demand and equipment demand is high, while expansion in the industry should create growth.
05/12/2005 08:15:16 AM StreetInsider Alert for NRD
May 12, 2005 (streetinsider.com via COMTEX) --CIBC World Markets upgraded Noranda, Incorporated (NYSE: NRD) from Sector Underperform to Sector Perform; target price increased from $18.50 to $22.00. The firm's upgrade and target hike follow preferred share issue and Falconbridge offer.
05/12/2005 08:15:15 AM StreetInsider Alert for EASI
May 12, 2005 (streetinsider.com via COMTEX) --Engineered Support Systems, Inc. (Nasdaq: EASI) announced that, effective June 1, President of Business Development Ronald W. Davis will retire from the company due to health concerns. He will be succeeded by Dan D. Jura, who is promoted from Executive Vice President for Business Development to President of Business Development.
Separately, the company announced an additional $3 Million for continued development of rapid fluid transfer equipment for U.S. Army.
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05/12/2005 08:10:27 AM StreetInsider Alert for PRS
May 12, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette upgraded Primus Guaranty Ltd. (NYSE: PRS) from Market Perform to Outperform; $16.00 price target. The firm based its upgrade on recent share weakness.
05/12/2005 08:10:27 AM StreetInsider Alert for IOMS
May 12, 2005 (streetinsider.com via COMTEX) --ChipMOS TECHNOLOGIES LTD. (Nasdaq: IMOS) announced today that its 70% owned subsidiary, ChipMOS TECHNOLOGIES INC. (ChipMOS Taiwan), has extended its long-term agreement with Himax Technologies Inc. through 2008. The two companies have worked together since 2003.
05/12/2005 08:10:16 AM StreetInsider Alert for GOL
May 12, 2005 (streetinsider.com via COMTEX) --Morgan Stanley assumed coverage on GOL INTELLIGENT AIRLINES,INC. (NYSE: GOL) with an Overweight rating. The firm is assuming coverage on the stock believing that GOL is in a position for market share growth in the 32%-35% range based on excellent mgmt execution.
05/12/2005 08:10:15 AM StreetInsider Alert for CNLG
May 12, 2005 (streetinsider.com via COMTEX) --Conolog Corporation (Nasdaq: CNLG) received contracts for its protection and other communication equipment, which the Company expects will generate approximately $470,000 in revenue over the next two years. The Company will begin deliveries this month.
05/12/2005 08:10:15 AM StreetInsider Alert for KAR
May 12, 2005 (streetinsider.com via COMTEX) --Soleil Securities initiated coverage on Adesa Inc (NYSE: KAR) with a Buy rating; $30.00 price target. In the firm's opinion, KAR is a likely acquisition target, and sees strong EPS momentum if no deal happens. They also feel that industrial M&A activity is likely to pick up dramatically, with 40-year high cash balances and waning organic growth.
05/12/2005 08:10:14 AM StreetInsider Alert for FDX
May 12, 2005 (streetinsider.com via COMTEX) --FedEx Corporation (NYSE: FDX) reaffirmed its previous guidance of $1.40 to $1.50 per diluted share for the fourth quarter ending May 31, 2005.
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05/12/2005 08:05:31 AM StreetInsider Alert for DHR
May 12, 2005 (streetinsider.com via COMTEX) --Credit Suisse First Boston upgraded Danaher Corporation (NYSE: DHR) from Neutral to Outperform. The firm believes the Dental is better than expected and that Gendex and KaVo integration are on track. They expect DBS implementation across the biz to drive margins. In addition, they feel the stock's valuation is attractive.
05/12/2005 08:05:30 AM StreetInsider Alert for SRDX
May 12, 2005 (streetinsider.com via COMTEX) --Soleil Securities initiated coverage on SurModics Inc (Nasdaq: SRDX) with a Buy rating; $50.00 price target.
05/12/2005 08:05:30 AM StreetInsider Alert for ACAT
May 12, 2005 (streetinsider.com via COMTEX) --Arctic Cat (Nasdaq: ACAT) reports Q4 earnings of $0.13 per share, 13 cents worse than estimates. Revenues came in at $157 million versus the consensus of $162.6 million. Sees Q1 loss of $0.05 to $0.00 versus the consensus of a $0.02 profit and sees FY06 EPS of $1.31-$1.40 versus the consensus of $1.66.
05/12/2005 08:05:29 AM StreetInsider Alert for ACXM
May 12, 2005 (streetinsider.com via COMTEX) --U.S. Bancorp downgraded Acxiom Corporation (Nasdaq: ACXM) from Outperform to Market Perform. The firm lowered ACXM's rating due to revised operating margin expansion assumptions and concerns over further declines in international revenues. They now believe a 50bps per year improvement in operating margins is likely over a previous 100bp estimate. Robert W. Baird downgraded the stock from Outperform to Neutral. The firm's downgrade is based on poor Q4 results and lackluster guidance for its international operations.
05/12/2005 08:01:00 AM StreetInsider Alert for AFCE
May 12, 2005 (streetinsider.com via COMTEX) --AFC Enterprises, Inc. (Nasdaq: AFCE), the franchisor and operator of Popeyes Chicken & Biscuits, today announced that its Board of Directors has declared a special cash dividend of $12.00 per share of common stock payable on June 3, 2005 to stockholders of record at the close of business on May 23, 2005. In addition, AFC also announced that the Company has completed its credit facility refinancing, consisting of a five-year revolving credit facility through which the Company has $60 million of availability and a six-year $190 million Term Loan B.
05/12/2005 08:01:00 AM StreetInsider Alert for GERN
May 12, 2005 (streetinsider.com via COMTEX) --Geron Corporation (Nasdaq: GERN) announced the publication of studies which show that human embryonic stem cells can be derived without the use of animal cell feeders.
05/12/2005 08:00:58 AM StreetInsider Alert for FLIR
May 12, 2005 (streetinsider.com via COMTEX) --FLIR Systems, Inc. (Nasdaq: FLIR) received a $4 million contract from the Japanese National Police Agency to provide its latest generation Star SAFIRE III airborne camera system to support local operations and counter-terrorism missions. The systems will be used throughout the 47 prefectures of Japan on rotary wing aircraft.
05/12/2005 08:00:57 AM StreetInsider Alert for CEPH
May 12, 2005 (streetinsider.com via COMTEX) --Cephalon, Inc. (Nasdaq: CEPH) and H. Lundbeck A/S announced today discontinuation of their Phase 2/3 clinical trial of CEP-1347 in Parkinson's disease. An independent data monitoring committee just completed a planned review of interim results and concluded that the data are unlikely to provide evidence of significant effect. There were no safety concerns.
05/12/2005 08:00:57 AM StreetInsider Alert for AMT
May 12, 2005 (streetinsider.com via COMTEX) --Bank of America upgrades American Tower (NYSE: AMT) from 'neutral' to 'buy' and raises their price target to $20, positive on SpectraSite (NYSE: SSI) acquisition.
05/12/2005 08:00:56 AM StreetInsider Alert for DEBS
May 12, 2005 (streetinsider.com via COMTEX) --Deb Shops, Inc. (Nasdaq: DEBS) said its Board of Directors at their May 11, 2005 meeting declared a special cash dividend of $6.00 per common share. This special dividend will be incorporated into the Company's next dividend payment on August 16, 2005 for shareholders of record as of July 29, 2005.
05/12/2005 08:00:55 AM StreetInsider Alert for AEOS
May 12, 2005 (streetinsider.com via COMTEX) --American Eagle (Nasdaq: AEOS) reports Q1 earnings of $0.35 per share, 1 cent better than estimates. Revenues came in at $454 million versus the consensus of $447.2 million. Sees Q2 EPS of $0.32-$0.33 versus the consensus of $0.31.
05/12/2005 08:00:55 AM StreetInsider Alert for ERICY
May 12, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades Ericsson (Nasdaq: ERICY) from Underperform to Outperform on positive outlook.
05/12/2005 08:00:54 AM StreetInsider Alert for MUSE
May 12, 2005 (streetinsider.com via COMTEX) --Raymond James upgrades Micromuse (Nasdaq: MUSE) from Market Perform to Strong Buy on positive outlook-Price target $7.25.
05/12/2005 08:00:53 AM StreetInsider Alert for GKIS
May 12, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades Gold Kist (Nasdaq: GKIS) from 'market perform' to 'outperform' and raises their price target to $20, citing a strong earnings outlook and favorable valuation.
05/12/2005 08:00:52 AM StreetInsider Alert for DJ
May 12, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Dow Jones (NYSE: DJ) from Neutral to Overweight.
05/12/2005 08:00:51 AM StreetInsider Alert for NBL
May 12, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Noble Energy (NYSE: NBL) from Neutral to Overweight on positive outlook from merger.
05/12/2005 08:00:50 AM StreetInsider Alert for CAL
May 12, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Continental Airlines (NYSE: CAL) from Overweight to Neutral and removes stock from Focus List.
05/12/2005 08:00:50 AM StreetInsider Alert for NTAP
May 12, 2005 (streetinsider.com via COMTEX) --Smith Barney upgrades Network Appliance (Nasdaq: NTAP) from Sell to Hold-Price target $30.
05/12/2005 08:00:49 AM StreetInsider Alert for SPNC
May 12, 2005 (streetinsider.com via COMTEX) --Spectranetics Corporation (Nasdaq: SPNC) received 510(k) clearance from the FDA to market its enhanced lead locking device featuring several design enhancements that will save deployment time, improve navigation through tortuous vascular anatomy and provide additional stability to the pacemaker or defibrillator lead being removed.
05/12/2005 08:00:49 AM StreetInsider Alert for BKE
May 12, 2005 (streetinsider.com via COMTEX) --The Buckle (NYSE: BKE) reports Q1 earnings of $0.40 per share, 9 cents better than estimates. Q1 revenues were $105.5 million, higher than analysts estimates of $98.23 million.
05/12/2005 08:00:48 AM StreetInsider Alert for TSG
May 12, 2005 (streetinsider.com via COMTEX) --Sabre Holdings (NYSE: TSG) reached an agreement to acquire lastminute.com for about $1.1 billion. The addition of lastminute.com, with its well-established consumer brands, is expected to provide Sabre's Travelocity unit with greater scale and the leading position in the growing European online travel marketplace.
05/12/2005 08:00:41 AM StreetInsider Alert for QCCO
May 12, 2005 (streetinsider.com via COMTEX) --QC Holdings (Nasdaq: QCCO) reports Q1 earnings of $0.17 per share, 4 cents worse than estimates. Q1 revenues were $35.1 million, lower than analysts estimates of $35.88 million.
05/12/2005 08:00:40 AM StreetInsider Alert for GMCR
May 12, 2005 (streetinsider.com via COMTEX) --Green Mountain Coffee Roasters (Nasdaq: GMCR) reports Q2 earnings of $0.26 per share, 5 cents better than estimates. Q2 revenues were $36.9 million, slightly higher than analysts estimates of $36.6 million. GMCR Reaffirms Q3 earnings estimates.
05/12/2005 08:00:40 AM StreetInsider Alert for MOVI
May 12, 2005 (streetinsider.com via COMTEX) --Movie Gallery (Nasdaq: MOVI) reports Q1 earnings of $0.58 per share, in-line with estimates. Q1 revenues were $233.8 million, higher than analysts estimates of $227.35 million.
05/12/2005 08:00:39 AM StreetInsider Alert for IDNX
May 12, 2005 (streetinsider.com via COMTEX) --Identix Inc (Nasdaq:IDNX) announced that it has been awarded an exclusive contract from the State of Missouri to provide statewide electronic fingerprinting services and related processing for licensing and employment purposes for the state of Missouri. The Company anticipates revenue potential from this contract to reach approximately $2 million per year, based on the volume of electronic fingerprint submissions expected by MSHP.
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05/12/2005 08:00:28 AM StreetInsider Alert for GE
May 12, 2005 (streetinsider.com via COMTEX) --GE Consumer Finance (NYSE: GE) announced that it would acquire a 49.99 percent stake in BAC Int'l Bank, a privately held retail bank and credit card issuer based in Panama City, Panama. The transaction, which requires regulatory approvals, is expected to close in the next few months. The terms were not disclosed.
05/12/2005 08:00:26 AM StreetInsider Alert for URBN
May 12, 2005 (streetinsider.com via COMTEX) --Urban Outfitters (Nasdaq: URBN) reports Q1 earnings of $0.32 per share, 2 cents better than estimates. Q1 revenues were $231.2 million, higher than analysts estimates of $228.23 million.
05/12/2005 08:00:26 AM StreetInsider Alert for MYL
May 12, 2005 (streetinsider.com via COMTEX) --Mylan Labs (NYSE: MYL) reports Q4 earnings of $0.14 per share (including items), 3 cents worse than estimates. Q4 revenues were $316.4 million, lower than analysts estimates of $330.63 million.
05/12/2005 08:00:16 AM StreetInsider Alert for CUNO
May 12, 2005 (streetinsider.com via COMTEX) --3M (NYSE: MMM) and CUNO Inc. (Nasdaq: CUNO) announced that they have entered into a definitive agreement for 3M's acquisition of CUNO in an all cash merger for $72 dollars per share (approx $1.35 billion) including the assumption of $60 million of existing net debt.
05/12/2005 08:00:15 AM StreetInsider Alert for WMT
May 12, 2005 (streetinsider.com via COMTEX) --Wal-Mart (NYSE: WMT) reports Q1 earnings of $0.55 per share (excluding items), 1 cent worse than estimates. Q1 revenues were $70.9 billion, lower than analysts estimates of $71.96 billion.
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