06/13/2005 05:30:15 PM StreetInsider Alert for BBG
Jun 13, 2005 (streetinsider.com via COMTEX) --Bill Barrett Corporation (NYSE: BBG) announced that effective June 13, 2005, Fredrick J. Barrett was appointed Chief Operating Officer of the Company. Mr. Barrett also will continue to serve as President and a director of the Company. J. Frank Keller, who previously served as Chief Operating Officer, will continue to serve in an active management role as Executive Vice President. Although Mr. Keller has not provided the Company with notice of his retirement date, he has notified the Company of his intention to retire in the first quarter of 2006.
06/13/2005 05:25:16 PM StreetInsider Alert for JRC
Jun 13, 2005 (streetinsider.com via COMTEX) --Journal Register Company (NYSE: JRC) announced that Joseph W. Pooler, the Company's recently-appointed Senior Vice President and Chief Financial Officer, had stepped down from his position by mutual agreement with the Company.
06/13/2005 05:25:15 PM StreetInsider Alert for ENZN
Jun 13, 2005 (streetinsider.com via COMTEX) --Enzon Pharmaceuticals, Inc. (NASDAQ: ENZN) announced the promotion of Craig Tooman to the position of Executive Vice President Finance and Chief Financial Officer. Mr. Tooman joined the Company in January 2005 as Executive Vice President of Strategic Planning and Corporate Communications.
06/13/2005 05:00:13 PM StreetInsider Alert for LZB
Jun 13, 2005 (streetinsider.com via COMTEX) --Boy Incorporated (NYSE: LZB) announced the resignation of chief marketing officer, Doug Collier, to accept a position with Select Comfort (NASDAQ: SCSS).
06/13/2005 04:40:19 PM StreetInsider Alert for DJ:INDU
Jun 13, 2005 (streetinsider.com via COMTEX) --The Dow finished 9.93 points higher to close at 10,523, the Nasdaq rose 5.96 points to close at 2,069, and the S&P 500 gained 2.71 points to close at 2,001. The markets closed out the trading session in the green today, despite rising oil prices, as buyers showed optimism ahead of key inflation and sales data due later in the week. The retirement of Morgan Stanley's (NYSE: MWD) embattled CEO Phil Purcell was the news of the day and kept many traders entertained on a relatively uneventful day.
Volume was light with 1.64 billion shares trading on the NYSE and 1.43 billion on the Nasdaq. Advancers outpaced Decliners today by a margin of 19:14 on the NYSE and by a margin of 16:14 on the Nasdaq.
In individual stories, Cardiac Science, Inc. (Nasdaq: DFIB) closed 35.80% higher after expanding its multi-year strategic distribution agreements with GE Healthcare, a division of General Electric Company (NYSE: GE). On the downside, Proxim Corporation (Nasdaq: PROX) closed 65.63% lower after announcing that as part of the Company's Chapter 11 bankruptcy filing, it entered into an asset purchase agreement whereby Moseley Associates, Inc. will acquire substantially all of its assets for $21 million.
Tomorrow, traders will be watching for data on Retail Sales, Retail Sales ex-auto, the PPI, and Core PPI, which are all due to hit the wires at 8:30 A.M
06/13/2005 04:35:11 PM StreetInsider Alert for UTEK
Jun 13, 2005 (streetinsider.com via COMTEX) --Ultratech, Inc. (Nasdaq: UTEK) announced that it has received multiple-system orders from several southeast Asian customers for its NanoTech 190 lithography systems. The NanoTech 190 tools, specifically designed for thin-film head (TFH) applications, will be utilized for back-end rowbar processing -- the processing step required to add the aerodynamic surface to rows of TFH devices before wafer singulation. The lithography systems will be delivered to the customers' facilities located in Malaysia, Thailand and China. These multiple orders demonstrate Ultratech's ability to provide leading application-specific products with low cost-of- ownership advantages, and reinforce its technology leadership position at the forefront of the thin-film head market.
06/13/2005 04:15:20 PM StreetInsider Alert for JDSU
Jun 13, 2005 (streetinsider.com via COMTEX) --JDS Uniphase Corporation (Nasdaq: JDSU) named David Vellequette to the position of senior vice president and chief financial officer. Mr. Vellequette has been JDS Uniphase's acting senior financial officer since February 2005.
06/13/2005 04:15:19 PM StreetInsider Alert for GB
Jun 13, 2005 (streetinsider.com via COMTEX) --Greatbatch, Inc. (NYSE: GB) announced the departure of Lawrence P. Reinhold as Executive Vice President and Chief Financial Officer. Thomas J. Mazza, Vice President and Corporate Controller, will assume the position of acting Chief Financial Officer. The Company has initiated the national search process for a new Chief Financial Officer.
06/13/2005 04:10:19 PM StreetInsider Alert for FFIV
Jun 13, 2005 (streetinsider.com via COMTEX) --F5 Networks (Nasdaq: FFIV) announced that Steve Coburn, senior vice president of Finance and chief financial officer, plans to resign from the company in the fourth quarter of fiscal 2005. Coburn, who joined the company in June 2001, said his decision was based on personal considerations and that he has no immediate plans to seek other employment.
06/13/2005 04:10:19 PM StreetInsider Alert for EW
Jun 13, 2005 (streetinsider.com via COMTEX) --Edwards Lifesciences Corporation (NYSE: EW) is delaying enrollment in its percutaneous aortic heart valve clinical feasibility trials in the U.S. in order to incorporate a new delivery system being evaluated in Canada.
06/13/2005 04:10:18 PM StreetInsider Alert for QSII
Jun 13, 2005 (streetinsider.com via COMTEX) --Quality Systems Inc (Nasdaq: QSII) reported Q4 EPS of $0.36, 4 cents better than estimates.Revenues came in at $25.5 million versus the consensus of $23.77 million.
06/13/2005 04:10:17 PM StreetInsider Alert for QGEN
Jun 13, 2005 (streetinsider.com via COMTEX) --QIAGEN N.V. (Nasdaq: QGEN) completed the acquisition of Beijing-based Tianwei Times, a leading developer, manufacturer and supplier of nucleic acid sample preparation consumables in China, for US$2.0 million in cash plus potential earn-outs over two years that are estimated at approximately US$2.0 million.
06/13/2005 04:05:16 PM StreetInsider Alert for WGA
Jun 13, 2005 (streetinsider.com via COMTEX) --Wells-Gardner Electronics Corporation (NYSE: WGA) announced that James F. Brace has been hired as the company's new Vice President, CFO, Treasurer and Secretary.
06/13/2005 04:05:15 PM StreetInsider Alert for IVGN
Jun 13, 2005 (streetinsider.com via COMTEX) --Invitrogen Corporation (Nasdaq: IVGN) intends to offer $300 million of senior convertible notes due 2025 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Company also intends to grant the initial purchasers of the notes an option to purchase up to an additional $50 million aggregate principal amount of the notes to cover over-allotments.
~~~ Consistency In Trading ~~~ [ ALT + BACK ARROW ] to Return
F QCOM ISSC TTEK TTEK (To Earlier Below)
06/13/2005 03:45:17 PM StreetInsider Alert for F
Jun 13, 2005 (streetinsider.com via COMTEX) --Ford Motor Company (NYSE: F) announced that The Hertz Corporation, a wholly owned subsidiary, filed a registration statement with the SEC for an initial public offering (IPO) of a portion of the economic interest in Hertz. ______
06/13/2005 03:20:14 PM StreetInsider Alert for QCOM
Jun 13, 2005 (streetinsider.com via COMTEX) --Globalstar LLC entered into a $140 million multi-year agreement with QUALCOMM Inc., (Nasdaq: QCOM), for the manufacture of next-generation satellite voice and data products
06/13/2005 03:10:26 PM StreetInsider Alert for ISSC
Jun 13, 2005 (streetinsider.com via COMTEX) --Innovative Solutions and Support, Inc. (NASDAQ: ISSC) approved a 3-for-2 stock split of its common stock. The stock split is being effected in the form of a 50 percent stock dividend that is payable on or about July 7, 2005 to shareholders of record on June 23, 2005.
06/13/2005 02:15:22 PM StreetInsider Alert for TTEK
Jun 13, 2005 (streetinsider.com via COMTEX) --Tetra Tech, Inc. (NASDAQ: TTEK) announced that it and its joint venture partner have been awarded a $20 million indefinite delivery/indefinite quantity contract for long-term monitoring and operation and maintenance to support Naval Facilities Engineering Command, Northwest. The contract was awarded to the Company's joint venture with Alaskan native corporation Sealaska Environmental Services (SES), and has a maximum duration of five years.
06/13/2005 02:15:21 PM StreetInsider Alert for TTEK
Jun 13, 2005 (streetinsider.com via COMTEX) --Tetra Tech, Inc. (NASDAQ: TTEK) announced it was awarded a new contract from the Naval Facilities Engineering Command Southwest to support base revitalization throughout Northern California, Nevada and Utah. The indefinite delivery/indefinite quantity contract has a $7.5 million ceiling.
~~~ What To Look For ~~~ [ ALT + BACK ARROW ] to Return
06/13/2005 01:30:14 PM StreetInsider Alert for DJ:INDU
Jun 13, 2005 (streetinsider.com via COMTEX) --6/13: Streetinsider.com's Unusual 11 Afternoon Movers:
Proxim Corporation (Nasdaq: PROX) 65.63% LOWER; entered into an asset purchase agreement whereby Moseley Associates, Inc. will acquire substantially all of its assets for $21 million.
Cardiac Science, Inc. (Nasdaq: DFIB) 38.52% HIGHER; expanded its multi-year strategic distribution agreements with GE Healthcare, a division of General Electric Company (NYSE: GE).
DayStar Technologies Inc (NASDAQ: DSTI) 24% HIGHER; continued momentum
Connetics Corporation (Nasdaq: CNCT) 23.83% LOWER; the FDA has issued a non-approvable letter for Velac Gel. In addition, the Company warned for FY05.
American Superconductor Corporation (Nasdaq: AMSC) 18.87% HIGHER; Needham upgraded the stock.
Quinton Cardiology Systems, Inc. (Nasdaq: QUIN) 16.19% HIGHER; merger partner, Cardiac Science, Inc.'s (Nasdaq: DFIB), deal with GE.
Genta Incorporated (Nasdaq: GNTA) 10.28% HIGHER; announced positive clinical data reporting the safety and activity of Genasense Injection.
Northwest Airlines (Nasdaq: NWAC) 9.32% LOWER; reports indicate the Company may be steering toward Chapter 11.
Calpine (NYSE: CPN) 8.49% HIGHER; announced the termination of its tender offer to acquire Calpine Canada Energy Finance and Calpine Canada Energy Finance II notes.
SRA International Inc (NYSE: SRX) 6.03% HIGHER; guided FY06 higher.
Unifi Inc (NYSE: UFI) 4.80% HIGHER; Caris upgraded the stock.
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06/13/2005 12:20:19 PM StreetInsider Alert for DSTI
Jun 13, 2005 (streetinsider.com via COMTEX) --After pausing on Friday, shares of DayStar Technologies Inc (NASDAQ: DSTI) are moving higher today (+25%) related to last week?s news of a significant contract for its exclusive TerraFoil solar cells. Shares of Paulson Capital Corp (NASDAQ: PLCC), which owns a large stake in DayStar, are also moving higher (+15%)
06/13/2005 12:15:15 PM StreetInsider Alert for ELOS
Jun 13, 2005 (streetinsider.com via COMTEX) --Syneron Medical Ltd. (Nasdaq: ELOS) announces FDA has granted 510(k) pre-marketing clearance to Syneron's VelaSmooth medical device, powered by elos, for the temporary reduction in the appearance of cellulite. The VelaSmooth also received clearance for the relief of minor muscle aches, pain and spasm and the temporary improvement of local blood circulation. The clearance of the VelaSmooth offers a new non-surgical, no downtime alternative for patients wishing to treat the appearance of cellulite.
06/13/2005 11:20:12 AM StreetInsider Alert for MSON
Jun 13, 2005 (streetinsider.com via COMTEX) --Misonix, Inc. (Nasdaq: MSON) announced that its Ultrasonic Wound Debridement System has been cleared to market for the specific purpose of wound debridement, based upon the 510(k) application with the U.S. Food and Drug Administration (FDA). The device previously received clearance through an earlier 510(k) filing with the FDA for use in soft tissue aspiration, but this was not for the specific purpose of wound debridement.
06/13/2005 11:10:19 AM StreetInsider Alert for ALOG
Jun 13, 2005 (streetinsider.com via COMTEX) --Analogic Corporation (NASDAQ: ALOG) received a $36 million order for its EXplosive Assessment Computed Tomography Systems from L-3 Communications' (NYSE: LLL) subsidiary, L-3 Communications Security and Detection Systems, Inc. Shipments under this order will begin in October 2005 and continue through November 2006.
06/13/2005 10:50:14 AM StreetInsider Alert for AHCI
Jun 13, 2005 (streetinsider.com via COMTEX) --Allied Oxycare/Medigas, a subsidiary of Allied Healthcare International, Inc. (Nasdaq: AHCI) is one of four companies to be awarded contracts totaling GBP 49 million to provide home oxygen service in 10 National Health Service (NHS) home oxygen service regions in England by the end of 2005. Allied Oxycare/Medigas has been awarded 2 of the 10 regions covering South London and the South East of England.
06/13/2005 10:35:13 AM StreetInsider Alert for DJ:INDU
Jun 13, 2005 (streetinsider.com via COMTEX) --6/13: Streetinsider.com's Unusual 8 Morning Movers:
Proxim Corporation (Nasdaq: PROX) 59.38% LOWER; entered into an asset purchase agreement whereby Moseley Associates, Inc. will acquire substantially all of its assets for $21 million.
Cardiac Science, Inc. (Nasdaq: DFIB) 41.98% HIGHER; expanded its multi-year strategic distribution agreements with GE Healthcare, a division of General Electric Company (NYSE: GE).
Magellan Petroleum Corp (Nasdaq: MPET) 25% HIGHER; sees momentum on strong oil prices.
Connetics Corporation (Nasdaq: CNCT) 24.17% LOWER; the FDA has issued a non-approvable letter for Velac Gel. In addition, the Company warned for FY05.
American Superconductor Corporation (Nasdaq: AMSC) 14.02% HIGHER; Needham upgraded the stock to Buy, citing valuation.
Northwest Airlines (Nasdaq: NWAC) 10.11% LOWER; reports from the Wall Street Journal indicated that the Company may be steering toward Chapter 11.
Genta Incorporated (Nasdaq: GNTA) 8.41% HIGHER; announced positive clinical data reporting the safety and activity of Genasense Injection, the Company's lead anticancer drug, in combination with rituximab.
06/13/2005 10:20:13 AM StreetInsider Alert for ALCO
Jun 13, 2005 (streetinsider.com via COMTEX) --Alico Inc (NASDAQ: ALCO) board declared a special dividend of $1.00 per share payable to stockholders of record as of June 30, 2005, with payment expected on or about July 15, 2005. Chairman Alexander stated that the Company's 2004 fiscal year results were the best in the Company's history and the Board wanted the shareholders to share in these results. Chairman Alexander also announced that the Board had decided to begin paying regular quarterly dividends beginning with the end of the Company's fourth quarter on August 31, 2005. The first such dividend in the amount of $.25 will be paid to shareholders of record as of September 30, 2005 with payment expected on or about October 15, 2005
06/13/2005 10:10:14 AM StreetInsider Alert for MNST
Jun 13, 2005 (streetinsider.com via COMTEX) --Monster Worldwide, Inc. (NASDAQ: MNST) announced that Jeff Taylor, founder of the online job board Monster.com, will be leaving in August to establish a new venture. The company also announced its current plans to provide some seed capital for Mr. Taylor's new venture, which will not be employment-related and is still in early development.
06/13/2005 09:55:10 AM StreetInsider Alert for SAY
Jun 13, 2005 (streetinsider.com via COMTEX) --In a statement to the Mumbai stock exchange, Satyam Computer Services Ltd. (NYSE: SAY) said it has won a three-year, multi-million dollar contract from INVISTA, for software systems maintenance.
06/13/2005 09:35:15 AM StreetInsider Alert for WITS
Jun 13, 2005 (streetinsider.com via COMTEX) --Witness Systems (NASDAQ: WITS) has announced that the DaimlerChrysler Customer Assistance Center (CAC) based in Maastricht in the Netherlands, will implement its contact center quality monitoring solution. DaimlerChrysler CAC will use the Witness Systems software to help provide superior quality-driven customer service to its many stakeholders, including Mercedes-Benz, Chrysler, Smart and Jeep customers, European dealers, and as a first point of entry for its European operating countries.
06/13/2005 09:35:14 AM StreetInsider Alert for QSND
Jun 13, 2005 (streetinsider.com via COMTEX) --QSound Labs, Inc. (NASDAQ: QSND) announced a licensing agreement with BenQ, formerly Acer Communication & Multimedia, for key microQ components, including the microQ Synthesizer, QXpander and QSizzle/QRumble to improve high and low frequency audio components.
06/13/2005 09:30:14 AM StreetInsider Alert for DRS
Jun 13, 2005 (streetinsider.com via COMTEX) --DRS Technologies, Inc. (NYSE: DRS) announced that it has received a new contract for full-rate production of thermal imaging systems for the U.S. Marine Corps' M1A1 Abrams Main Battle Tank Firepower Enhancement Program (FEP). The FEP will increase the Marine Corps' day and night war fighting capability by providing rapid and accurate target engagement, extended engagement ranges and increased tank lethality, significantly contributing to the survivability of Marine Corps forces. The $12.8 million contract was awarded to DRS by the Network Centric Systems division of Raytheon Company (NYSE: RTN) in McKinney, Texas.
~~~ Daytrade The Sharcky Way! ~~~ [ Opens in a NEW WINDOW ]
06/13/2005 09:25:19 AM StreetInsider Alert for EGO
Jun 13, 2005 (streetinsider.com via COMTEX) --UBS upgrades Eldorado Gold Corp. (AMEX: EGO) from 'neutral' to 'buy'.
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06/13/2005 09:20:22 AM StreetInsider Alert for NMG.A
Jun 13, 2005 (streetinsider.com via COMTEX) --Smith Barney downgrades Neiman Marcus Group (NYSE: NMG.A) from 'buy' to 'hold' and cuts its price target from $104 to $100, the analyst says the shares appear fully valued and prefers Federated Department Stores Inc (NYSE: FD) in the group. ______
06/13/2005 09:15:25 AM StreetInsider Alert for TSFG
Jun 13, 2005 (streetinsider.com via COMTEX) --Sandler O'Neill upgraded South Financial Group, The (Nasdaq: TSFG) from Hold to Buy; target price increased from $30.00 to $31.00. Although the firm believes the internal enhancement initiatives outlined are in the early innings, they feel the downside is fairly limited and the sentiment on the name is overly bearish at this point.
06/13/2005 09:15:25 AM StreetInsider Alert for ADTN
Jun 13, 2005 (streetinsider.com via COMTEX) --Morgan Keegan downgraded Adtran Inc (Nasdaq: ADTN) from Outperform to Market Perform. The firm is downgrading ADTN based on valuation and a lack of catalysts.
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06/13/2005 09:10:14 AM StreetInsider Alert for CRM
Jun 13, 2005 (streetinsider.com via COMTEX) --Salesforce.com (NYSE: CRM) announced that PerkinElmer (NYSE: PKI) has implemented Salesforce to manage and share customer and prospect information enterprise-wide. ______
06/13/2005 09:05:19 AM StreetInsider Alert for ELMG
Jun 13, 2005 (streetinsider.com via COMTEX) --EMS Technologies (Nasdaq: ELMG) reported that Atlas Telecom Services has been awarded a contract worth approximately $2.5 million to supply the company's eNfusion line of Broadband Satcom systems to the U.S. Army in support of Airborne Battle Command operations.
06/13/2005 09:05:18 AM StreetInsider Alert for PAA
Jun 13, 2005 (streetinsider.com via COMTEX) --Plains All American Pipeline, L.P. (NYSE: PAA) raised the midpoints of their second quarter 2005 guidance for adjusted EBITDA, adjusted net income, and adjusted net income per diluted unit to $110 million, $76.2 million and $1.03 per unit, respectively. This represents increases of 28%, 45% and 49%, respectively, over previous guidance.
06/13/2005 09:05:17 AM StreetInsider Alert for AMSC
Jun 13, 2005 (streetinsider.com via COMTEX) --Needham upgraded American Superconductor Corporation (Nasdaq: AMSC) from Hold to Buy; $11.00 price target. The firm based their upgrade on valuation of the stock.
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06/13/2005 09:00:24 AM StreetInsider Alert for LDIS
Jun 13, 2005 (streetinsider.com via COMTEX) --Needham upgraded Leadis Technology Inc (Nasdaq: LDIS) from Hold to Buy; $11.00 price target.
06/13/2005 09:00:24 AM StreetInsider Alert for RCOM
Jun 13, 2005 (streetinsider.com via COMTEX) --Register.com, Inc. (Nasdaq: RCOM) confirmed it received an acquisition proposal from RCM Acquisition Co. LLC to purchase the Company for $7.10 per share in cash. The Company stated that the board will evaluate the offer in consultation with its legal counsel and its financial advisor, Credit Suisse First Boston.
06/13/2005 09:00:13 AM StreetInsider Alert for SRX
Jun 13, 2005 (streetinsider.com via COMTEX) --This morning, SRA International Inc (NYSE: SRX) said it expects to reports 2006 EPS of $1.20 to $1.25, versus the consensus of $1.20, and expects revenue in the range of $1.1 to $1.14 billion versus the consensus of $1.04 billion.
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06/13/2005 08:55:16 AM StreetInsider Alert for WOR
Jun 13, 2005 (streetinsider.com via COMTEX) --Worthington Industries, Inc. (NYSE: WOR) announced that its board of directors has authorized the repurchase of up to ten million, or approximately 11%, of its outstanding common shares. The purchases would be made from time to time, on the open market or in private transactions, with consideration given to the market price of the stock, the nature of other investment opportunities, cash flows from operations and general economic conditions. ______
06/13/2005 08:50:21 AM StreetInsider Alert for RNOW
Jun 13, 2005 (streetinsider.com via COMTEX) --Adams Harkness reinitiates coverage on RightNow Tech (NASDAQ: RNOW) with a 'buy' rating.
06/13/2005 08:50:21 AM StreetInsider Alert for PFE
Jun 13, 2005 (streetinsider.com via COMTEX) --Pfizer Inc (NYSE: PFE) said that it has received U.S. Food and Drug Administration (FDA) approval to market Lyrica (pregabalin) for adjunctive treatment of partial onset seizures in adults with epilepsy.
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06/13/2005 08:45:19 AM StreetInsider Alert for LRCX
Jun 13, 2005 (streetinsider.com via COMTEX) --Adams Harkness downgrades Lam Research Corp (NASDAQ: LRCX) from 'buy' to 'market perform'.
06/13/2005 08:45:19 AM StreetInsider Alert for AFL
Jun 13, 2005 (streetinsider.com via COMTEX) --UBS upgraded AFLAC Incorporated (NYSE: AFL) from Reduce to Buy. The firm based their upgrade on more confidence in the long-term sustainability for EPS growth as well as valuation. They expect US and Japan sales to pickup in 2H05.
06/13/2005 08:45:18 AM StreetInsider Alert for APCC
Jun 13, 2005 (streetinsider.com via COMTEX) --Adams Harkness downgrades American Power Conversion Corp (NASDAQ: APCC) from 'buy' to 'market perform', citing valuation.
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06/13/2005 08:40:17 AM StreetInsider Alert for HPT
Jun 13, 2005 (streetinsider.com via COMTEX) --Merrill Lynch reinstated coverage on Hospitality Properties Trust (NYSE: HPT) with a Neutral rating. The firm is reinstating their coverage on the stock.
06/13/2005 08:40:17 AM StreetInsider Alert for NXXI
Jun 13, 2005 (streetinsider.com via COMTEX) --Nutrition 21, Inc. (NASDAQ: NXXI) reported results from a new clinical trial that show daily supplementation with Diachrome, a nutritional combination of chromium picolinate and biotin, can improve uncontrolled blood sugar levels and cardiovascular risk factors in people with type 2 diabetes on prescription medications in a managed care setting
06/13/2005 08:40:16 AM StreetInsider Alert for PAGI
Jun 13, 2005 (streetinsider.com via COMTEX) --Pemco Aviation Group (NASDAQ: PAGI) announced that its Birmingham, Alabama subsidiary, Pemco Aeroplex, Inc., has entered into a Memorandum of Agreement (MOA) with Boeing (NYSE: BA) Aerospace Support Center by which the two companies will remain teamed to compete for the next contract to perform Programmed Depot Maintenance (PDM) for the United States Air Force KC-135 aircraft.
06/13/2005 08:40:06 AM StreetInsider Alert for STM
Jun 13, 2005 (streetinsider.com via COMTEX) --Lehman Brothers upgraded STMicroelectronics NV (NYSE: STM) from Underweight to Overweight.
06/13/2005 08:40:05 AM StreetInsider Alert for BMC
Jun 13, 2005 (streetinsider.com via COMTEX) --BMC Software, Inc. (NYSE: BMC) filed a 15-day automatic extension notification with the SEC relating to its Annual Report on Form 10-K for the fiscal year ended March 31, 2005.
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06/13/2005 08:35:15 AM StreetInsider Alert for DT
Jun 13, 2005 (streetinsider.com via COMTEX) --Morgan Stanley downgraded Deutsche Telekom AG (NYSE: DT) from Equal-weight to Underweight.
06/13/2005 08:35:14 AM StreetInsider Alert for ANF
Jun 13, 2005 (streetinsider.com via COMTEX) --SunTrust Banks assumed coverage on Abercrombie & Fitch Co. (NYSE: ANF) with a Neutral rating. The firm is assuming coverage on the stock and increasing their FY06 EPS estimate to $3.33 from $3.20 based on same store sales momentum. They also noted that international growth opportunities will likely limit home office leverage.
06/13/2005 08:35:14 AM StreetInsider Alert for NAHC
Jun 13, 2005 (streetinsider.com via COMTEX) --Smith Barney initiated coverage on National Atlantic Holdings Corporation (Nasdaq: NAHC) with a Buy rating; $15.00 price target. The firm believes the NJ regulatory environment has improved dramatically and that valuation is attractive.
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06/13/2005 08:30:32 AM StreetInsider Alert for CAG
Jun 13, 2005 (streetinsider.com via COMTEX) --Prudential upgraded ConAgra Foods Inc (NYSE: CAG) from Underweight to Neutral; $24.00 price target. The firm based their upgrade on the recent weakness in the shares and noted the decline in hog prices may make CAG's processed meat operations less of a drag in FY06.
06/13/2005 08:30:22 AM StreetInsider Alert for TONS
Jun 13, 2005 (streetinsider.com via COMTEX) --CIBC World Markets initiated coverage on Novamerican Steel Inc. (Nasdaq: TONS) with a Sector Perform rating; $40.00 price target. In the firm's opinion, TONS will likely see pressure from lower steel selling prices, which will pressure margins in the near term.
06/13/2005 08:30:21 AM StreetInsider Alert for MNCP
Jun 13, 2005 (streetinsider.com via COMTEX) --Jefferies initiated coverage on Motient Corp (OTC: MNCP) with a Buy rating; $42.00 price target. The firm views MNCP as a compelling play in the wireless sector and expects large wireless players and possibly video providers to partner with the company.
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06/13/2005 08:25:11 AM StreetInsider Alert for CYN
Jun 13, 2005 (streetinsider.com via COMTEX) --Sandler O'Neill downgraded City National Corporation (NYSE: CYN) from Buy to Hold;$78.00 price target. The firm cited valuation as basis for their downgrade.
06/13/2005 08:25:10 AM StreetInsider Alert for ICAD
Jun 13, 2005 (streetinsider.com via COMTEX) --iCAD, Inc. (Nasdaq: ICAD) announced that the FDA has permitted iCAD to package its Second Look Digital offering with Siemens Medical Solutions MAMMOMAT NovationDR Full-Field Digital System.
06/13/2005 08:25:10 AM StreetInsider Alert for HIW
Jun 13, 2005 (streetinsider.com via COMTEX) --Wachovia upgraded Highwoods Properties Inc (NYSE: HIW) from Underperform to Market Perform. The firm's upgrade is to reflect greater operational confidence, continued balance sheet improvement and greater transactional value in light of peer valuations and sector M&A activity. They noted that preventing a more aggressive rating change are still-outstanding internal accounting and audit issues. The firm has a valuation range at $25-$29.
06/13/2005 08:25:09 AM StreetInsider Alert for PRFT
Jun 13, 2005 (streetinsider.com via COMTEX) --Perficient, Inc. (NASDAQ: PRFT) announced it has acquired iPath Solutions, Ltd., a Houston-based information technology consulting firm with approximately $8 million in annual revenues. The transaction is expected to increase Perficient's annualized revenues to over $85 million. The acquisition is expected to be accretive to earnings per share immediately.
The consideration paid in the transaction is approximately $7.9 million, and includes $3.85 million in cash and approximately $4.0 million worth of Perficient common
06/13/2005 08:25:09 AM StreetInsider Alert for WFR
Jun 13, 2005 (streetinsider.com via COMTEX) --Smith Barney downgraded MEMC Electronic Materials, Inc. (NYSE: WFR) from Buy to Hold; target price decreased from $15.00 to $16.50. The firm expects investor disappointment from the lack of positive impact from polysilicon supply integration and weakening 300mm wafer pricing.
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06/13/2005 08:20:20 AM StreetInsider Alert for SAFC
Jun 13, 2005 (streetinsider.com via COMTEX) --Friedman downgraded SAFECO Corporation (Nasdaq: SAFC) from Outperform to Market Perform; $58.00 price target. The firm cited valuation as basis for their downgrade.
06/13/2005 08:20:20 AM StreetInsider Alert for SMRT
Jun 13, 2005 (streetinsider.com via COMTEX) --SunTrust Banks upgraded Stein Mart, Inc. (Nasdaq: SMRT) from Neutral to Buy; $28.00 price target. The firm is transferring coverage and expects SMRT will benefit from a strong and evolving fashion cycle and margin expansion due to less markdowns and tighter inventory control.
06/13/2005 08:20:19 AM StreetInsider Alert for TE
Jun 13, 2005 (streetinsider.com via COMTEX) --TECO Energy, Inc. (NYSE: TE) announced its indirect subsidiary, TPS Dell, LLC, has entered into a definitive agreement to sell substantially all of its assets, including the Dell Power Station, to Associated Electric Cooperative, Inc., a Missouri electric cooperative, for $75 million. The anticipated final proceeds, net of retained liabilities, are expected to be in a range of approximately $65 to $70 million. The Dell Power Station is a partially constructed 599 megawatt, natural gas-fired, combined-cycle electric generating facility located in Dell, Arkansas. The sale is expected to close in the third quarter of 2005, subject to certain regulatory approvals.
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06/13/2005 08:15:16 AM StreetInsider Alert for GE
Jun 13, 2005 (streetinsider.com via COMTEX) --GE's Homeland Protection business, a subsidiary of General Electric Company (NYSE: GE) and part of the GE Infrastructure, Security business unit, announced its most recent delivery order with the U.S. Transportation Security Administration (TSA): the purchase of 43 CTX 9000 DSi explosives detection system (EDS) machines, valued at over $50 million.
06/13/2005 08:15:15 AM StreetInsider Alert for GNTA
Jun 13, 2005 (streetinsider.com via COMTEX) --Genta Incorporated (Nasdaq: GNTA) announced the presentation of clinical data reporting the safety and activity of Genasense Injection, the Company's lead anticancer drug, in combination with rituximab.
In this study, Genasense was administered daily for 7 days on weeks 1, 3 and 5, and rituximab was administered weekly for 6 weeks. Thirty-five patients who had failed a median of 2 prior chemotherapy regimens with or without rituximab were entered into this ongoing trial. To date, 6 patients have achieved a complete response, one of whom was refractory to prior rituximab therapy. Nine other patients have achieved a partial response for an overall response rate of 42%. Patients with the specific subset of follicular lymphoma showed a response rate of 56%. Twelve other patients have had stable disease. Side effects of the combination appeared qualitatively similar to that for rituximab alone, including but not limited to neutropenia, fever, infection, anemia and fatigue.
06/13/2005 08:15:15 AM StreetInsider Alert for SIRI
Jun 13, 2005 (streetinsider.com via COMTEX) --SIRIUS Satellite Radio (Nasdaq: SIRI) announced that it has developed a new, advanced proprietary technology that will initially increase the company's total network capacity by approximately 25% within its existing digital transmission system. The technology, known in the industry as hierarchical modulation, will allow SIRIUS to offer additional audio channels, as well as advanced services such as data and video, without affecting the quality of its broadcasts.
06/13/2005 08:15:14 AM StreetInsider Alert for MWD
Jun 13, 2005 (streetinsider.com via COMTEX) --UPDATE: Morgan Stanley (NYSE: MWD) confirmed Chairman and Chief Executive Officer Philip J. Purcell today announced his intention to retire as soon as his successor is named, but no later than by the Firm's next annual meeting in March 2006. The company also said second quarter earnings per diluted share to be approximately 15 - 20% below second quarter earnings per diluted share in 2004 of $1.10, versus the consensus of $1.08)
06/13/2005 08:15:13 AM StreetInsider Alert for GLBC
Jun 13, 2005 (streetinsider.com via COMTEX) --Global Crossing (Nasdaq: GLBC) and VeriSign, (Nasdaq: VRSN) announced they will together offer seamless, advanced security solutions to business and government customers worldwide.
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06/13/2005 08:10:17 AM StreetInsider Alert for MRK
Jun 13, 2005 (streetinsider.com via COMTEX) --Friedman downgraded Merck & Co Inc (NYSE: MRK) from Market Perform to Underperform; target price decreased from $32.00 to $27.00. The firm expects pressure from Vioxx litigation, gross margin pressure from Zocor patent loss exclusivity & exposure to Medicare Part D.
06/13/2005 08:10:16 AM StreetInsider Alert for VSAT
Jun 13, 2005 (streetinsider.com via COMTEX) --ViaSat Inc. (Nasdaq: VSAT) has won a delivery order valued at approximately $60 million for Multifunctional Information Distribution System terminals from The Space and Naval Warfare Systems Command (SPAWAR), San Diego.
06/13/2005 08:10:16 AM StreetInsider Alert for MW
Jun 13, 2005 (streetinsider.com via COMTEX) --Legg Mason downgraded Men's Wearhouse Inc., The (NYSE: MW) from Buy to Hold. The firm is cautious on MW's share price and notes their outlook for the stock is still highly favorable.
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06/13/2005 08:05:13 AM StreetInsider Alert for BEAS
Jun 13, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded BEA Systems, Inc. (Nasdaq: BEAS) from Peer Perform to Underperform. The firm does not believe BEAS will be bought in the N-T and the pressure from the competition is building. They do not feel hat BEAS new product initiatives are going to be effective enough to make up for lost revenues. From current levels, they think there is downside risk due to cash flow being impacted negatively from the competitor's pressure. They also added that fair value is approximately $7 per share which represents about 20% downside from current levels.
06/13/2005 08:05:12 AM StreetInsider Alert for WEN
Jun 13, 2005 (streetinsider.com via COMTEX) --Piper Jaffray downgraded Wendy's International Inc (NYSE: WEN) from Market Perform to Underperform. The firm views WEN's current valuation as reflecting a takeover premium at a time when they view the probability of such activity as less than likely. They noted that the restaurant industry's record of successful strategic buyers for critical mass venues is limited at best. And for financial buyers, they view the bull case as overlooking the magnitude of capital required to fund remodels that will be required to maintain both Tim Horton's and Wendy's current competitive positions.
06/13/2005 08:05:12 AM StreetInsider Alert for AZR
Jun 13, 2005 (streetinsider.com via COMTEX) --JP Morgan upgraded Aztar Corporation (NYSE: AZR) from Underweight to Neutral. The firm noted AZN's new 'The Quarter' expansion brings increased revenues and should continue to do so during their strong seasonal quarters. Additionally, they are raising their 2005 est to 23c from 7c and 2006 est to $1.75 from $1.67.
06/13/2005 08:01:05 AM StreetInsider Alert for GSF
Jun 13, 2005 (streetinsider.com via COMTEX) --AG Edwards downgrades GlobalSanta Fe (NYSE: GSF) from 'buy' to 'hold'.
06/13/2005 08:01:05 AM StreetInsider Alert for PTEN
Jun 13, 2005 (streetinsider.com via COMTEX) --AG Edwards downgrades Patterson-UTI Energy (NASDAQ: PTEN) from 'buy' to 'hold'.
06/13/2005 08:01:04 AM StreetInsider Alert for NWS
Jun 13, 2005 (streetinsider.com via COMTEX) --News Corporation (NYSE: NWS) approved a stock repurchase program, effective immediately. Under the program, News Corporation is authorized to acquire from time to time up to $3 billion in the Company's Class A common stock and Class B common stock.
06/13/2005 08:01:03 AM StreetInsider Alert for MERQ
Jun 13, 2005 (streetinsider.com via COMTEX) --Morgan Stanley downgrades Mercury Interactive (NASDAQ: MERQ) from 'overweight' to 'equal-weight', sayingcore business of small- and medium-sized deals is growing slower than expected.
06/13/2005 08:01:02 AM StreetInsider Alert for NSI
Jun 13, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates coverage on NutriSystem (AMEX: NSI) with an 'Outperform' rating and a fair value range of $15-$19, saying the company's unique Internet-based weight management program will dive earnings and revenue.
06/13/2005 08:01:02 AM StreetInsider Alert for SSNC
Jun 13, 2005 (streetinsider.com via COMTEX) --Jefferies downgrades SS&C Tech (Nasdaq: SSNC) fro 'buy' to 'hold' with a $33 price target, citing valuation.
06/13/2005 08:00:55 AM StreetInsider Alert for PWAV
Jun 13, 2005 (streetinsider.com via COMTEX) --Lehman Brothers upgrades Powerwave Technologies (Nasdaq: PWAV) from 'equal-weight' to 'overweigt' and raises its price target from $9.50 to $13.
06/13/2005 08:00:55 AM StreetInsider Alert for PNRA
Jun 13, 2005 (streetinsider.com via COMTEX) --Piper Jaffray downgrades Panera Bread (Nasdaq: PNRA) from 'outperform' to 'market perform' with a $62 price target, citing valuation.
06/13/2005 08:00:54 AM StreetInsider Alert for MNKD
Jun 13, 2005 (streetinsider.com via COMTEX) --Piper Jaffray downgrades Mannkind (NASDAQ: MNKD) from 'outperform' to 'market perform' and cuts their price target from $20 to $13, citing uncertainty on timelines, the manufacturing allegations and the pending litigation.
06/13/2005 08:00:53 AM StreetInsider Alert for SVVS
Jun 13, 2005 (streetinsider.com via COMTEX) --SAVVIS, Inc. (NASDAQ: SVVS) entered into an $85.0 million senior secured revolving credit facility with Wells Fargo Foothill, Inc., as arranger and administrative agent, and has repaid its $53.7 million capital lease agreement with General Electric Capital Corporation. At current interest rates, SAVVIS expects savings in cash interest expense of approximately $1.0 million in 2005 and $2.7 million in 2006, compared to the payments required under the Lease. In addition to repaying the Lease, SAVVIS may use the Facility for working capital, the issuance of up to $15 million in letters of credit, and other general corporate purposes. The Facility will mature in November 2008.
06/13/2005 08:00:53 AM StreetInsider Alert for FLIR
Jun 13, 2005 (streetinsider.com via COMTEX) --FLIR Systems, Inc. (Nasdaq: FLIR) has been awarded a $32.8 million firm fixed-price contract for the new Star SAFIRE HD airborne thermal imaging systems and Star SAFIRE III airborne thermal imaging systems from the US Army's Space and Missile Defense Command in Huntsville, Alabama.
06/13/2005 08:00:52 AM StreetInsider Alert for CNCT
Jun 13, 2005 (streetinsider.com via COMTEX) --Connetics Corporation (Nasdaq: CNCT) said the FDA has issued a non-approvable letter dated June 10, 2005 for Velac Gel, an investigational new drug formulation for treating acne. The only issue raised in the non-approvable letter was a positive carcinogenicity signal that was detected in a TgAC mouse dermal carcinogenicity study.
Connetics now projects 2005 total revenues to be $182 million to $188 million, down from previous guidance of $195 million to $206 million. Combined SG&A and R&D expenses for 2005 are projected to be between $121.5 million and $125.0 million. Diluted EPS for 2005 is projected to be in the range of $0.66 to $0.70, versus previous guidance of $0.88 to $0.92.
06/13/2005 08:00:51 AM StreetInsider Alert for AH
Jun 13, 2005 (streetinsider.com via COMTEX) --Armor Holdings, Inc. (NYSE: AH) received a $95.6 million contract award form the U.S. Army Tank-automotive and Armaments Command to provide additional M1114 Up-Armored HMMWVs
06/13/2005 08:00:44 AM StreetInsider Alert for TASR
Jun 13, 2005 (streetinsider.com via COMTEX) --TASER International, Inc. (Nasdaq: TASR) received an order for TASER X26 devices and related accessories through Aardvark Tactical Inc., TASER International's distributor to the U.S. Government General Services Administration. This order is intended for use by the U.S. military and totals over $1.4 million.
06/13/2005 08:00:44 AM StreetInsider Alert for BLUD
Jun 13, 2005 (streetinsider.com via COMTEX) --Baird downgraded Immucor (NASDAQ: BLUD) from 'outperform' to 'neutral' with a $36 price target, citing valuation.
06/13/2005 08:00:43 AM StreetInsider Alert for ALEX
Jun 13, 2005 (streetinsider.com via COMTEX) --JMP Securities initiates coverage on Alexander & Baldwin (NASDAQ: ALEX) with an Outperform rating and $60 price target.
06/13/2005 08:00:43 AM StreetInsider Alert for BEIQ
Jun 13, 2005 (streetinsider.com via COMTEX) --BEI Technologies, Inc. (Nasdaq: BEIQ) announced that BEI's Systron Donner Inertial Division has entered into a five-year agreement with Thales Aerospace, France, for the supply of QRS11 quartz rate sensors. Intended applications for the QRS11 are for electronic standby attitude indicator systems for commercial aircraft.
06/13/2005 08:00:42 AM StreetInsider Alert for HGSI
Jun 13, 2005 (streetinsider.com via COMTEX) --Human Genome Sciences, Inc. (Nasdaq: HGSI) announced today that the interim results of an ongoing Phase 2 clinical trial demonstrate that HGS-ETR1 is well tolerated and shows signs of clinical activity in patients with advanced non- Hodgkin's lymphoma
06/13/2005 08:00:41 AM StreetInsider Alert for CSC
Jun 13, 2005 (streetinsider.com via COMTEX) --Computer Sciences Corporation (NYSE: CSC) proposes to acquire remaining interest in CSA Holdings Ltd.
06/13/2005 08:00:32 AM StreetInsider Alert for SNHY
Jun 13, 2005 (streetinsider.com via COMTEX) --Sun Hydraulics' (Nasdaq: SNHY) approved a 50% stock dividend. For every two shares of SNHY stock owned, the shareholder will receive one additional share.
06/13/2005 08:00:32 AM StreetInsider Alert for MNKD
Jun 13, 2005 (streetinsider.com via COMTEX) --New studies presented today at the 65th annual meeting of the American Diabetes Association highlight the potential of MannKind Corporation's (Nasdaq: MNKD) lead product, inhaled Technosphere Insulin, to mimic in a timely manner the first or early phase insulin response, which is absent in all patients with diabetes.
06/13/2005 08:00:31 AM StreetInsider Alert for DFIB
Jun 13, 2005 (streetinsider.com via COMTEX) --Cardiac Science, Inc. (Nasdaq: DFIB) expanded its multi-year strategic distribution agreements with GE Healthcare, a division of General Electric Company (NYSE: GE). Under the agreements, GE Healthcare will market Cardiac Science's complete line of Powerheart-brand external defibrillators on an exclusive basis to hospitals in the United States and Canada. In addition, GE also confirmed the assignment of the distribution agreements to the new corporate entity being created by the pending merger transaction between Cardiac Science and Quinton Cardiology Systems, Inc. (Nasdaq: QUIN).
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06/13/2005 08:00:30 AM StreetInsider Alert for BOBJ
Jun 13, 2005 (streetinsider.com via COMTEX) --Business Objects (Nasdaq: BOBJ) and TIBCO Software Inc. (Nasdaq: TIBX) announced a new technology partnership to provide customers with improved process performance management solutions and make BI available to more users throughout an organization. Working together, Business Objects and TIBCO intend to integrate BusinessObjects(TM) XI Built for Operational BI with the TIBCO Staffware Process Suite, a platform independent solution delivering enterprise-wide business process management functionality. In addition, both companies will also join each others' technology partner programs.
06/13/2005 08:00:29 AM StreetInsider Alert for COHR
Jun 13, 2005 (streetinsider.com via COMTEX) --Coherent, Inc. (Nasdaq: COHR) acquired privately held TuiLaser AG for approximately Euro 22.5 million, net of cash acquired. TuiLaser is a designer and manufacturer of excimer and advanced solid-state lasers for scientific, OEM medical, and industrial applications. For its fiscal year ending September 2004, TuiLaser recorded sales of approximately Euro 24.0 million.
06/13/2005 08:00:23 AM StreetInsider Alert for CEPH
Jun 13, 2005 (streetinsider.com via COMTEX) --Cephalon, Inc. (Nasdaq: CEPH) signed an agreement with Cell Therapeutics, Inc. (Nasdaq: CTIC) and CTI Technologies, Inc., a wholly owned subsidiary of Cell Therapeutics, under which it will acquire all assets related to TRISENOX injection for approximately $70 million cash. The agreement provides for future cash payments to CTI, totaling up to $100 million, upon the achievement of certain label expansions and sales milestones.
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06/13/2005 08:00:22 AM StreetInsider Alert for VCLK
Jun 13, 2005 (streetinsider.com via COMTEX) --ValueClick, Inc. (Nasdaq: VCLK) agreed to acquire privately-held Web Marketing Holdings, Inc. (dba Web Clients), a performance-based marketing services company that generates leads for advertisers through its own online content, affiliate network and opt-in email database, for approximately $141 million. ValueClick also announced today that it has agreed to acquire privately-held E-Babylon, Inc., a leading online retailer of ink and toner products through its 123Inkjets.com and 411Inkjets.com websites.
06/13/2005 08:00:21 AM StreetInsider Alert for PLA
Jun 12, 2005 (streetinsider.com via COMTEX) --Playboy Enterprises, Inc. (NYSE: PLA) filed a shelf registration statement with the SEC which relates to the resale by holders of the $115 million outstanding aggregate principal amount of Playboy's 3.00% convertible senior subordinated notes due 2025 of the notes and the underlying shares of Playboy's Class B common stock issuable upon conversion of the notes.
06/13/2005 08:00:21 AM StreetInsider Alert for PROX
Jun 12, 2005 (streetinsider.com via COMTEX) --Proxim Corporation (Nasdaq: PROX) entered into an asset purchase agreement whereby Moseley Associates, Inc. will acquire substantially all assets of Proxim.
Under the agreement, Moseley will acquire and assume most of the domestic and foreign operations of Proxim for a purchase price of $21 million, subject to certain adjustments and deductions. The sale will be implemented through Proxim's filing of a chapter 11 bankruptcy case in the United States Bankruptcy Court for the District of Delaware and subject to court confirmation and overbidding procedures. In connection with the sale, Moseley also has agreed to provide Proxim with bridge financing in the principal amount of up to $6.2 million, to be offset against the purchase price. Under the terms of the transaction as contemplated, no proceeds of the sale are expected to be distributed to Proxim stockholders.
06/13/2005 08:00:20 AM StreetInsider Alert for MRK
Jun 12, 2005 (streetinsider.com via COMTEX) --Bristol-Myers Squibb Company (NYSE: BMY) and Merck & Co, Inc. (NYSE: MRK) announced results from both a Phase III active-controlled study and a long-term Phase II dose-ranging study for the investigational oral medicine muraglitazar, PARGLUVA, during a presentation of the 65th Annual Scientific Sessions of the American Diabetes Association.
The Phase III study showed PARGLUVA 5 mg reduced A1C levels significantly more than pioglitazone 30 mg in patients with type 2 diabetes. Significant effects were also seen on triglycerides and high-density lipoprotein cholesterol (HDL-C) levels. In the Phase II study at 104 weeks, patients who received PARGLUVA 5 mg had a change of -1.52% from baseline A1C (mean baseline of 7.92%) with a final mean A1C level of 6.4%.
06/13/2005 08:00:19 AM StreetInsider Alert for SNY
Jun 12, 2005 (streetinsider.com via COMTEX) --Sanofi-Aventis (NYSE: SNY) said results from a double-blind, placebo-controlled study presented at the 65th Annual Scientific Sessions of the American Diabetes Association in San Diego suggest that among overweight and obese patients with type 2 diabetes, those treated with rimonabant showed improvements in several cardiovascular and metabolic risk factors - reducing A1C levels, blood pressure, waist circumference, body weight and triglycerides - while increasing HDL or "good" cholesterol.
06/13/2005 08:00:19 AM StreetInsider Alert for MDT
Jun 12, 2005 (streetinsider.com via COMTEX) --Medtronic, Inc. (NYSE: MDT) announced results of a pilot study showing participants actively used real-time glucose readings to better control glucose fluctuations. Diabetes patients in the study used Medtronic's Guardian RT Continuous Glucose Monitoring System to monitor glucose levels throughout the day and night.
06/13/2005 08:00:18 AM StreetInsider Alert for MRK
Jun 12, 2005 (streetinsider.com via COMTEX) --Merk (NYSE: MRK) said results from three recent Phase II studies announced today showed that sitagliptin phosphate (MK-0431), Merck's investigational medicine in a potentially new class of agents for the treatment for diabetes called DPP-IV inhibitors significantly improved glycemic control in patients with type 2 diabetes compared to placebo. In addition, sitagliptin was generally well tolerated, with overall adverse events similar to placebo.
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