06/22/2005 05:35:15 PM StreetInsider Alert for CSK RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Chesapeake Corporation (NYSE: CSK) filed a $300 million mixed securities shelf registration statement with the Securities and Exchange Commission.
06/22/2005 05:25:09 PM StreetInsider Alert for TWP RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Trex Company, Inc. (NYSE: TWP) warns; expects net sales for the second quarter of 2005 to be in the range of $75 million to $80 million, versus the consensus of $100.93 million.The Company expects to record a net loss for the second quarter of 2005 in the range of $0.20 to $0.25 per diluted share, versus the consensus of a $0.90 profit.
The Company is also revising its previously announced guidance for 2005, which called for net sales to range from $300 million to $310 million and earnings per diluted share to range from $2.16 to $2.23. For 2005, the Company now expects net sales in the range of $270 million to $280 million and earnings per diluted share in the range of $0.50 to $0.60.
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06/22/2005 05:15:14 PM StreetInsider Alert for ATSI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --ATS Medical, Inc. (Nasdaq: ATSI) entered into an exclusive marketing services agreement with Regeneration Technologies, Inc. - Cardiovascular, a subsidiary of Regeneration Technologies, Inc. (Nasdaq: RTIX). Under the terms of this agreement, ATS Medical has been appointed the exclusive marketing services provider for RTI - Cardiovascular's tissue processing services in the cardiovascular surgery market.
06/22/2005 04:50:14 PM StreetInsider Alert for CVGR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Covalent Group, Inc. (Nasdaq: CVGR) has been awarded a new multi-part clinical research contract in cardiovascular disease. This is in follow-up to previous Phase 2 work that Covalent has performed relating to the same drug for this client. The contract is for $9.2 million and has three related components.
06/22/2005 04:40:12 PM StreetInsider Alert for DJ:INDU
Jun 22, 2005 (streetinsider.com via COMTEX) --The Dow finished 11.74 points lower to close at 10,588, the Nasdaq rose .96 points to close at 2,092, and the S&P 500 gained .27 points to close at 1,214.
The markets closed out the trading session mixed today as a big drop in crude oil inventories, while lower than expected, added to a lingering concern that high energy prices will speed inflation and slow economic growth. The big news of the day was Ameritrade's (Nasdaq: AMTD RT$) merger with rival TD Waterhouse in the online brokerage sector.
Volume was light with 1.79 billion shares trading on the NYSE and 1.67 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, Datawatch Corporation (Nasdaq: DWCH RT$) closed 23.08% higher as momentum players drove the stock up after the company announced the general availability of Visual/Productivity Portal for IBM WebSphere. On the downside, Arbinet-thexchange, Inc. (Nasdaq: ARBX RT$) closed 34.78% lower after warning for Q2 and FY05.
Tomorrow, traders will be watching for data on Initial Claims and Existing Home Sales. Initial Claims are due to hit the wires at 8:30 A.M, and Existing Home Sales are expected at 10:00 A.M.
06/22/2005 04:30:23 PM StreetInsider Alert for QGEN RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --QIAGEN N.V. (NASDAQ: QGEN) announced that Abbott (NYSE: ABT) and QIAGEN have extended their existing distribution agreement. Under the terms of the agreement, Abbott received distribution rights to a number of real-time PCR diagnostic tests for use on Applied Biosystems detection instruments. The PCR assays were developed by artus GmbH, a company QIAGEN recently acquired.
06/22/2005 04:25:21 PM StreetInsider Alert for BBBY RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Bed Bath & Beyond Inc (Nasdaq: BBBY) reported Q1 EPS of $0.33, 1 cent better than estimates. Revenues came in at $1.24 billion verusus the consensus of $1.24 billion.
06/22/2005 04:10:20 PM StreetInsider Alert for ESLR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Evergreen Solar, Inc. (Nasdaq: ESLR) intends to offer, subject to market conditions and other factors, $75 million aggregate principal amount of convertible subordinated notes due 2012, through a private placement. The notes will be convertible into shares of common stock of Evergreen Solar.
06/22/2005 04:10:19 PM StreetInsider Alert for GSL RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Global Signal Inc. (NYSE: GSL) announced that its Board of Directors has increased its cash dividend to $0.45 per share of common stock for the second quarter of 2005 from $0.40 per share of common stock for the first quarter of 2005. The second quarter 2005 dividend represents a 12.5% increase over the Company's dividend paid for the first quarter of 2005 and a 44.0% increase over the total dividends paid per share in the second quarter of 2004. The $0.45 dividend per share of common stock is payable on July 21, 2005 to stockholders of record as of July 7, 2005.
~~~ What To Look For ~~~ [ ALT + BACK ARROW ] to Return
06/22/2005 03:00:22 PM Briefing.com: Hourly In Play (R) - 15:00 ET
Jun 22, 2005 (Briefing.com via COMTEX) --Hourly In Play (R)
Updated: 22-Jun-05 15:00 ET
14:55
IBM IBM pushes to highs of session above its morning high of 77.31 (77.38 +0.98) -- Technical --
Note last week's high was 77.73 and its 50-day exponential ma lies near 77.94.
14:47
BLC Belo sees Q2 EPS of $0.35-$0.36 vs $0.35 consensus; sees FY05 EPS of $1.17-$1.24 vs $1.21 consensus (24.27 )
Co releases presentation transcript; expects Q2 EPS of $0.35-$0.36 vs $0.35 consensus and sees FY05 EPS of $1.17-$1.24 vs $1.21 consensus. "As anticipated, we entered the second quarter with difficult revenue comparisons in the Television Group due to the absence of significant political revenue. We've also experienced weaker than expected national revenues in the second quarter at our television stations." Co also noted that Q3 & Q4 of 2005 will be challenging as the Television Group cycles against $22 mln in combined political and Olympics revenue in the Q3 and $28.4 mln of political revenue in Q4. Newspaper Group revenues in Q3 & Q4 will be favorably impacted by the absence of advertising credits associated with The Dallas Morning News' voluntary advertiser plan.
14:33
Broker Dealer Index - XBD - rockets to a new high above its 153 resistance on re-opening of AMTD-- Technical --
XBD 154.19 +2.50%, AMTD 17.10 +2.28, ET 13.81 +0.90
14:30
DPH Delphi Auto cuts quarterly dividend 50% to $0.015 from $0.03 per share (5.07 -0.22)
14:29
PSYS Psychiatric Solutions moves to new session high of 45.68, eyeing last wk/June high at 45.81 (45.68 +1.05) -- Technical --
14:08
PFE Pfizer issues statement on Patent Office communication (28.70 +0.09)
-Update- Co reports that a communication from the U.S. Patent and Trademark Office (USPTO) reported today does not concern the validity of the basic ('893) and enantiomer ('995) patents providing market exclusivity for Lipitor through March 2010 and June 2011, respectively. Those patents remain in force and, therefore, there are no approved generic forms of Lipitor. The USPTO communication is not a final decision but instead a preliminary finding regarding one of several other patents covering Lipitor (atorvastatin calcium). The only patent at issue in the USPTO proceeding is the '156 patent, which concerns the crystalline form of Lipitor and which expires in 2017.
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06/22/2005 02:10:09 PM StreetInsider Alert for BTRX RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Barrier Therapeutics, Inc. (Nasdaq: BTRX) announced that it has acquired the right to distribute VANIQA® (eflornithine hydrochloride) Cream, 13.9% in Canada from Shire Pharmaceutical Contracts Limited. VANIQA® is currently the only prescription product approved by Health Canada for slowing the growth of unwanted facial hair in women. ______
06/22/2005 02:05:17 PM StreetInsider Alert for AMTD RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Ameritrade Holding Corporation (NASDAQ: AMTD) and TD Bank Financial Group (NYSE: TD) entered into a definitive agreement for Ameritrade to acquire TD's U.S. brokerage business.
Terms: In exchange for the U.S. brokerage business of TD Waterhouse U.S.A., TD Bank Financial Group will receive approximately 32 percent ownership in TD Ameritrade; Ameritrade shareholders will receive a special cash dividend of $6.00 per share, subject to closing. The dividend will be funded with additional Ameritrade borrowings, excess cash and from capital contributed to TD Waterhouse U.S.A. by TD Bank Financial Group prior to closing; TD Bank Financial Group will acquire Ameritrade's Canadian brokerage operations for $60 million (U.S.) in cash; and Joe Moglia will become chief executive officer of TD Ameritrade
06/22/2005 01:35:15 PM StreetInsider Alert for HRLY RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Herley Industries, Inc. (Nasdaq: HRLY) announced that its Farmingdale, NY division has received a $1.2 million contract award from a major defense contractor. Herley Farmingdale will supply complex integrated microwave assemblies for the United States Ballistic Missile Defense system.
06/22/2005 01:20:18 PM StreetInsider Alert for DJ:INDU
Jun 22, 2005 (streetinsider.com via COMTEX) --6/22: Streetinsider.com's Unusual 11 Afternoon Movers:
Datawatch Corporation (Nasdaq: DWCH RT$) 42.44% HIGHER; momentum players have driven the stock up after the company announced the general availability of Visual/Productivity Portal for IBM WebSphere.
Genelabs Technologies, Inc. (Nasdaq: GNLB RT$) 35.56% HIGHER; confirmed orphan drug designation for Prestara.
Arbinet-thexchange, Inc. (Nasdaq: ARBX RT$) 32.70% LOWER; warned for Q2 and FY05.
Movie Gallery (Nasdaq: MOVI RT$) 12.47% LOWER; warned that recent weakness in the home video release schedule is having a significant adverse impact on same-store sales results.
Rainmaker Sys (Nasdaq: RMKR RT$) 9.26% HIGHER; was selected by a large, unnamed software provider for a new client engagement.
Bottomline Technologies (Nasdaq: EPAY RT$) 9.25% LOWER; filed a prospectus supplement relating to an underwritten public offering of 4,000,000 shares of common stock.
CKX INC (Nasdaq: CKXE RT$) 6.71% LOWER; increased the size of its secondary offering from 15,000,000 to 20,000,000 shares and priced it at $11 per share.
IPIX Corporation (Nasdaq: IPIX RT$) 6.71% LOWER; completed a $10 million private placement of common stock.
H.B. Fuller Company (NYSE: FUL RT$) 5.88% HIGHER; reported impressive Q2 results and raised FY05 guidance.
Littelfuse, Inc. (Nasdaq: LFUS RT$) 3.55% LOWER; warned for Q2.
Get these reports and more before the stocks make their ~~~ Expert Analysis ~~~ [ ALT + BACK ARROW ] to Return
ELK BLDR ALLI DJ:INDU (To Earlier Below)
06/22/2005 12:35:16 PM StreetInsider Alert for ELK RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --ElkCorp, (NYSE: ELK) warns, expects earnings per diluted share from continuing operations for the fourth quarter to be in the range of $0.31 to $0.33 (consensus $0.72), and for fiscal 2005 to be in the range of $2.09 to $2.11 (consensus $2.55), down approximately $0.37 per diluted share from the most recent guidance of $2.46 to $2.49 per diluted share.
06/22/2005 12:05:15 PM StreetInsider Alert for BLDR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --The IPO for Builders FirstSource (Nasdaq: BLDR) is open for trading. The stock is trading at $16.29 after it priced at $16, in middle of $15-$17 range. The 12.5 million share deal is being led by UBS Securities LLC and Deutsche Bank.
FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States.
06/22/2005 10:50:17 AM StreetInsider Alert for ALLI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --The IPO for Allion Healthcare, Inc. (Nasdaq: ALLI) is open for trading. The stock is trading at $14.75 after pricing at $13, in middle of the $12-$14 range. The 4 million share deal is being led by Thomas Weisel Partners LLC and co-managed by William Blair & Company, L.L.C. and First Albany Capital Inc.
Allion Healthcare, Inc. is a national provider of specialty pharmacy and disease management services focused on HIV/AIDS patients. Allion Healthcare sells HIV/AIDS medications, ancillary drugs and nutritional supplies under the trade name MOMS Pharmacy.
06/22/2005 10:35:14 AM StreetInsider Alert for DJ:INDU
Jun 22, 2005 (streetinsider.com via COMTEX) --6/22: Streetinsider.com's Unusual 8 Morning Movers:
Datawatch Corporation (Nasdaq: DWCH RT$) 60.48% HIGHER; momentum players have driven the stock up after the company announced the general availability of Visual/Productivity Portal for IBM WebSphere.
Genelabs Technologies, Inc. (Nasdaq: GNLB RT$) 37.78% HIGHER; confirmed orphan drug designation for Prestara.
Arbinet-thexchange, Inc. (Nasdaq: ARBX RT$) 34.61% LOWER; warned for Q2 and FY05.
CKX INC (Nasdaq: CKXE RT$) 13.56% LOWER; increased the size of its secondary offering from 15,000,000 to 20,000,000 shares and priced it at $11 per share.
Movie Gallery (Nasdaq: MOVI RT$) 10.03% LOWER; warned that recent weakness in the home video release schedule is having a significant adverse impact on same-store sales results.
IPIX Corporation (Nasdaq: IPIX RT$) 9.89% LOWER; completed a $10 million private placement of common stock.
Rainmaker Sys (Nasdaq: RMKR RT$) 9.26% HIGHER; was selected by a large, unnamed software provider for a new client engagement.
~~~ Daytrade The Sharcky Way! ~~~ ~~~~~~ [ Opens in a NEW WINDOW ]
MEOH ACAD IPIX MOVI ELMG DRCO PLAB PNC COI XEC APPB MCGC AINV TINY GGG MRGE GNBT BRLI TWAV NLC WEBX JOSB JCOM CELG PIR NETC AMCS NBIX SRLS ROME FINL NKE PDLI BMR SRX CECE MWD WTT COMS CAI FL RBK GNLB GTK PKTR LFUS CKXE NURO WRLD MOS DRAM SNH MTCT KDE BCH EYET ADBL AIG AZR LTXX VTAL T CNXT HPQ CCE KO RRGB NOK CHS BT EP CRAY SKYF MBLA OSI MVSN VRSN KNSY MTSN EAGL VXGN FUL COGT
06/22/2005 09:25:14 AM StreetInsider Alert for MEOH RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --IRG Research downgraded Methanex Corp (Nasdaq: MEOH) from Buy to Neutral. The firm based their downgrade on reduction in methanol production given reduced deliveries of Argentine natural gas to MEOH's Chilean facility. Additionally, they have lowered their 2005 EPS est to $2.01 from $2.40. ______
06/22/2005 09:20:15 AM StreetInsider Alert for ACAD RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) reported encouraging results from a planned interim trend analysis of its ongoing multi-center Phase II clinical trial of ACP-103 for treatment-induced psychosis in patients with Parkinson's disease. ______
06/22/2005 09:15:15 AM StreetInsider Alert for IPIX RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --IPIX Corporation (Nasdaq: IPIX) completed a $10 million private placement of common stock. The company said each unit was comprised of one share of common stock, an additional investment right to purchase 0.06 of a share of common stock and a warrant to purchase 0.44 of a share of common stock. The issue price for each unit was $2.41, the exercise price for each additional investment right is $2.41 per share and the exercise price for each warrant is $3.11 per share. The warrants may not be exercised until six months after issuance. ______
06/22/2005 09:10:17 AM StreetInsider Alert for MOVI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Movie Gallery (Nasdaq: MOVI) said for the second quarter of 2005, they were originally forecasting same-store sales to be down slightly; however, the recent weakness in the home video release schedule is having a significant adverse impact on results.
06/22/2005 09:10:17 AM StreetInsider Alert for ELMG RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --EMS Technologies, Inc. (Nasdaq: ELMG) announced that its Defense & Space Systems (D&SS) division has been awarded a contract by the Office of Naval Research to develop an airborne Common Data Link (CDL) antenna system for communication-on-the-move applications. D&SS's core capabilities for design and manufacture of low-profile, high-efficiency antenna, positioning and RF systems were key factors in the selection process. The duration of the initial phase is 24 months, with the value to EMS estimated at US$1.68 million.
06/22/2005 09:10:08 AM StreetInsider Alert for DRCO RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Dynamics Research Corporation (Nasdaq: DRCO) announced that the company was awarded a $6 million contract to augment its role in the U.S. Army's Future Combat Systems (FCS) program. Under the terms of the contract, DRC will perform training analysis to support leader and battle staffs and will ensure development of comprehensive training products for FCS.
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06/22/2005 09:05:26 AM StreetInsider Alert for PLAB RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Photronics, Inc. (Nasdaq: PLAB) announced that it intends to offer 7,000,000 shares of common stock in an underwritten public offering under its existing shelf registration statement. In addition 450,000 shares will be offered by Macricostas Partners, L.P., a selling shareholder. The underwriters will have an option to purchase up to an additional 1,050,000 shares from the Company and 67,500 shares from the selling shareholder to cover overallotments, if any.
06/22/2005 09:05:23 AM StreetInsider Alert for PNC RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Keefe Bruyette & Woods upgraded PNC Financial Services Group Inc (NYSE: PNC) from Underperform to Market Perform; target price increased from $53.00 to $55.00. The firm believes the positives outweigh the negatives now, citing new cost savings initiatives and a flexible short-term investment portfolio. ______
06/22/2005 09:00:28 AM StreetInsider Alert for COI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Lehman Brothers initiated coverage on Cogent Communications Group, Incorporated (AMEX: COI) with an Overweight rating; $10.00 price target. The firm expects healthy revenue and EBITDA growth.
06/22/2005 09:00:28 AM StreetInsider Alert for XEC RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Lehman Brothers reinstated coverage on Cimarex Energy, Inc. (NYSE: XEC) with a Equal-weight rating; $50.00 price target. The firm is reinstating their coverage following closure of the Magnum Hunter acquisition.
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06/22/2005 08:55:16 AM StreetInsider Alert for APPB RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch reinstated coverage on Applebee's International Inc (Nasdaq: APPB) with a Neutral rating. The firm reinstated coverage on the stock and assigned a Neutral recommendation based on valuation.
06/22/2005 08:55:15 AM StreetInsider Alert for MCGC RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --SunTrust Banks initiated coverage on MCG Capital Corporation (Nasdaq: MCGC) with a Buy rating; $19.00 price target. The firm expects the company's strong new investment activity to continue and believes net interest margin will continue to improve.
06/22/2005 08:55:14 AM StreetInsider Alert for AINV RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --SunTrust Banks initiated coverage on Apollo Investment Corporation (Nasdaq: AINV) with a Buy rating; $21.00 price target. Despite the run-up, the firm believes current levels are an attractive entry point. ______
06/22/2005 08:50:21 AM StreetInsider Alert for TINY RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Stephens initiated coverage on Harris & Harris Group, Inc. (Nasdaq: TINY) with an Overweight rating. Initiating with a $15 target as a "pure-play" nanotech company on valuation.
06/22/2005 08:50:20 AM StreetInsider Alert for GGG RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates coverage on Graco (NYSE: GGG) with a 'peer perform' rating and a fair value range of $35-$37.
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06/22/2005 08:45:16 AM StreetInsider Alert for MRGE RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Wachovia initiates coverage on Merge Tech (Nasdaq: MRGE) with a 'marekt perform' rating, saying the Cedara acquisition creates near-term uncertainty.
06/22/2005 08:45:04 AM StreetInsider Alert for GNBT RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Generex Biotechnology Corporation (Nasdaq: GNBT) announced that a Research Collaboration Agreement has been signed by its subsidiary Antigen Express, Inc. with Stallergenes, S.A. a major European firm in immunological treatments for allergy and asthma.
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06/22/2005 08:40:16 AM StreetInsider Alert for BRLI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) announced that it has entered into a Contract with Correctional Medical Services, Inc., of St. Louis, MO (CMS) to provide clinical laboratory services to correctional centers served by CMS in various areas throughout the country. CMS is a privately-owned corporation and a leading provider of correctional healthcare services to state prisons and local and county jail systems around the country. Bio-Reference has been providing clinical laboratory services for CMS in the State of Maine for nearly two years and began providing laboratory services to the State of New Jersey Department of Corrections for the New Jersey prison system on June 1, 2005. The parties have scheduled Bio-Reference to begin providing clinical laboratory services to a number of other state and local systems over the next several months.
06/22/2005 08:40:05 AM StreetInsider Alert for TWAV RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Therma-Wave, Inc. (Nasdaq: TWAV) announced that it has retained Needham & Company, LLC to assist the Company in reviewing its strategic financial objectives.
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06/22/2005 08:35:17 AM StreetInsider Alert for NLC RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CSFB initiated coverage on Nalco Holding Co. (NYSE: NLC) with a Neutral rating; $19.00 price target. The firm believes NLC shares are fairly valued after the 20% run-up since becoming public in late 2004. Advest Group Inc. started the stock at Neutral. The firm based their recommendation on valuation.
06/22/2005 08:35:16 AM StreetInsider Alert for WEBX RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Keegan initiates coverage on WebEx, Inc. (Nasdaq: WEBX) with a 'market perform' rating.
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06/22/2005 08:30:25 AM StreetInsider Alert for JOSB RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Wells Fargo initiated coverage on Jos. A. Bank Clothiers, Inc. (Nasdaq: JOSB) with a Buy rating; $51.00 price target. The firm expects the 18%-20% earnings "Joe-Mentum" will continue after JOSB reaches the goal of 500 stores in FY07.
06/22/2005 08:30:25 AM StreetInsider Alert for JCOM RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Keegan initiates coverage on J2 Global Communications (Nasdaq: JCOM) with a 'market perform' rating.
06/22/2005 08:30:24 AM StreetInsider Alert for CELG RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --JMP Securities downgraded Celgene Corporation (Nasdaq: CELG) from Strong Buy to Market Outperform. The firm is downgrading Celgene given recent strength.
06/22/2005 08:30:23 AM StreetInsider Alert for PIR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --KeyBanc upgraded Pier 1 Imports, Inc. (NYSE: PIR) from Underweight to Hold. The firm sees little downside in the share price after a 20% pullback. They remain concerned by negative same-store sales trends, deteriorating margins and increased competition
06/22/2005 08:30:12 AM StreetInsider Alert for NETC RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Net Servicos de Communicacao SA ADR (Nasdaq: NETC) with an Underweight rating; $2.80 price target. The firm feels that the growth profile for the company has already been fully priced in. They also added that free cash flow to equity yield will probably improve with increasing EBITDA margins over L-T.
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06/22/2005 08:25:18 AM StreetInsider Alert for AMCS RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Wachovia initiated coverage on AMICAS Inc (Nasdaq: AMCS) with a Market Perform rating. The firm's outlook is tempered by AMCS's lack of established outlook under its new strategy, slow growth of legacy business, and recent unprofitability.
06/22/2005 08:25:18 AM StreetInsider Alert for NBIX RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Neurocrine Biosciences, Inc. (Nasdaq: NBIX) announced that data presented this week at the Associated Professional Sleep Societies' Annual Meeting showed that indiplon safely and effectively helps elderly patients with chronic insomnia fall asleep faster and stay asleep throughout the night. These results come on the heels of a new survey which reveals the prevalence and impact of insomnia in the elderly
06/22/2005 08:25:05 AM StreetInsider Alert for SRLS RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CIBC World Markets initiated coverage on SeraCare Life Sciences, Incorporated (Nasdaq: SRLS) with an Outperform rating; $18.00 price target. The firm believes SRLS is an attractive value based on strong near-term revenue and earnings growth potential.
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06/22/2005 08:20:17 AM StreetInsider Alert for ROME RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Ryan Beck initiated coverage on Rome Bancorp, Incorporated (Nasdaq: ROME) with an Outperform rating; $11.00 price target. The firm is assigning an Outperform to the stock and $11 target for aggressive risk investors. They noted that the inflow of $53.8 million in net proceeds from the completion of Rome's second-step conversion, which is likely to be reinvested in AFS securities and primarily used to fund loan growth, should have the net effect of boosting profitability over the next few years.
06/22/2005 08:20:17 AM StreetInsider Alert for FINL RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on The Finish line Inc (Nasdaq: FINL) with an Underweight rating. The firm believes that growth is coming at a cost and feels implied lease debt comes with operating risk. They prefer FL in the retail space.
06/22/2005 08:20:16 AM StreetInsider Alert for NKE RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Nike Inc (NYSE: NKE) with an Overweight rating; $110.00 price target. The firm believes current valuation does not reflect the company's global growth opportunities.
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06/22/2005 08:15:15 AM StreetInsider Alert for PDLI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Protein Design Labs, Inc. (Nasdaq: PDLI) sublicensed to Genentech, Inc. (NYSE: DNA) development and commercialization rights for antibody-drug conjugates directed against the PR1 antigen, which is frequently differentially expressed in prostate cancer. PDL will receive an upfront licensing fee, and is entitled to receive milestone payments and royalties on future sales under certain conditions.
PDL's broad collaboration agreement with Seattle Genetics, Inc. (Nasdaq: SGEN) provides PDL with rights to develop antibody-drug conjugatesto certain targets, including PR1.
06/22/2005 08:15:14 AM StreetInsider Alert for BMR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --BioMed Realty Trust, Inc. (NYSE: BMR) announced the pricing of its follow-on public offering of 13,150,000 shares of its common stock at $22.50 per share, reflecting an increase from its previously announced offering size of 11,000,000 shares. All of the shares are being sold by the company.
06/22/2005 08:15:14 AM StreetInsider Alert for SRX RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --SRA International, Inc. (NYSE: SRX) announced that it has been awarded a competitive task order by the Department of Justice (DOJ) to provide IT systems development, maintenance, and integration services to the Office of Justice Programs (OJP). The task order was awarded to Systems Research and Applications Corporation, a wholly-owned subsidiary of SRA International, Inc., under the Information Technology Support Services-3 contract. It has an estimated value of $80 million over 6 years if all options are exercised.
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06/22/2005 08:10:28 AM StreetInsider Alert for CECE RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CECO Environmental Corp. (Nasdaq: CECE) announced that its wholly owned subsidiary, Kirk and Blum Manufacturing Co., has entered into an agreement with Trademark Property Company for the sale of its Cincinnati manufacturing and corporate office facilities. The agreement calls for 10.7 acres of real estate and improvements to be divided into two parcels with the first parcel closing on or before July 15, 2005, and the second parcel closing on or before April 1, 2006. Trademark has the option to extend each closing up to three times for thirty days each with the payment of a non-refundable extension fee. Kirk and Blum will have the right to occupy both premises with no rent obligations for a period of up to ten months following the closing on the first parcel and a search is underway to find a suitable replacement property that will qualify the transactions for treatment as a tax free real estate exchange. The total value of the contract is $8 million consisting of $6.9 million for the first parcel and $1.1 million for the second.
06/22/2005 08:10:27 AM StreetInsider Alert for MWD RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley (NYSE: MWD) Q2 earnings of $0.86 per share, which includes charges and may not be comprable to the consensus of $0.92. Revenues came in at $6.04 billion versus the consensus fo $5.67 billion.
06/22/2005 08:10:18 AM StreetInsider Alert for WTT RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Wireless Telecom Group, Inc. (AMEX: WTT) announced that it's wholly owned subsidiary, Microlab/FXR, has received a multi-year government contract with an estimated value close to $2 million.
06/22/2005 08:10:17 AM StreetInsider Alert for COMS RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --3Com Corporation (Nasdaq: COMS) and Edward Jones announced the signing of an agreement in which Edward Jones will purchase the 3Com(R) Convergence Applications Suite for Internet Protocol (IP) Telephony, IP Conferencing, IP Messaging, IP Mobility, and IP Contact Center services. The first phase of the agreement includes the conversion of their corporate headquarters legacy voice system to an IP telephony solution based on 3Com products. The deal also includes 3Com routers, switches, and Enterprise
______
06/22/2005 08:05:27 AM StreetInsider Alert for CAI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CACI International Inc (NYSE: CAI) announced that it has been awarded a four-year prime contract, valued at $25 million if all options are exercised, to support the Total Ammunition Management Information System (TAMIS) for Headquarters, Department of the Army in Washington, D.C. Awarded by the U.S. General Services Administration through the Millennia Lite Functional Area 3 vehicle, the contract includes one base year and three option years. Under the terms of the award, CACI will provide program management and technical services in support of munitions modernization efforts for both the Army and U.S. Marine Corps. The award increases the size and scope of CACI's work with this Army client and expands its core systems integration business.
06/22/2005 08:05:26 AM StreetInsider Alert for FL RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Foot Locker, Inc. (NYSE: FL) with an Equal-weight rating. The firm believes Foot Locker is best positioned retailer, but finds shares fairly valued.
06/22/2005 08:05:17 AM StreetInsider Alert for RBK RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley initiated coverage on Reebok International Ltd (NYSE: RBK) with an Overweight rating; $55.00 price target. The firm's notes that RBK is their top pick in the sector. While they believe the potential for a near-term misstep is greater for RBK than NKE, they find the stock more attractively valued with greater potential upside.
06/22/2005 08:01:37 AM StreetInsider Alert for GNLB RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Genelabs Technologies, Inc. (Nasdaq: GNLB) provided an update on the development of Prestara, its investigational drug for lupus. The FDA has confirmed to the company that the indication "prevention of loss of bone mineral density in systemic lupus erythematosus patients on glucocorticoids" qualifies for orphan drug exclusivity under the original orphan drug designation previously received by the company.
06/22/2005 08:01:37 AM StreetInsider Alert for GTK RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --GTECH (NYSE: GTK) reports Q1 earnings of $0.43 per share, 2 cents better than estimates. Revenues came in at $326.4 million versus the consensus of $321.90 million. Sees Q2 EPS of $0.37-$0.40, versus the consensus of $0.40. Sees FY06 EPS of $1.64-$1.70, versus the consensus of $1.64.
06/22/2005 08:01:36 AM StreetInsider Alert for PKTR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Kaufman Brothers initiates coverage on Packeteer (NASDAQ: PKTR) with a 'buy' rating and $16.50 price target. The analyst said the company is positioned to capitalize upon an increasingly important area of networking, WAN optimization, and to continue its history of strong financial performance.
06/22/2005 08:01:35 AM StreetInsider Alert for LFUS RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Littelfuse, Inc. (NASDAQ: LFUS) warns; said Q2 sales, which previously were expected to increase approximately 8% sequentially, are now expected to be roughly flat with first quarter 2005 sales of $122 million. Earnings for the second quarter, which previously were expected to be in the range of $0.28 to $0.32 per diluted share, are now expected to be in the range of $0.18 to $0.20 per share.
06/22/2005 08:01:35 AM StreetInsider Alert for CKXE RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CKX INC (NASDAQ: CKXE) increased the size of its secondary offering to 20,000,000 shares from 15,000,000 shares and priced it at $11 per share.
06/22/2005 08:01:28 AM StreetInsider Alert for NURO RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Jefferies initiates coverage on NeuroMetrix (Nasdaq: NURO) with a 'buy' rating and $23 price target.
06/22/2005 08:01:27 AM StreetInsider Alert for WRLD RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Jefferies initiates coverage on World Acceptance (Nasdaq: WRLD) with a 'buy' rating and $31 price target.
06/22/2005 08:01:26 AM StreetInsider Alert for MOS RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --JP Morgan upgrades The Mosaic Co (NYSE: MOS) from 'neutral' to 'overweight', citing significant fundamental improvement in its core Phosphate and Potash units and an improved valuation.
06/22/2005 08:01:25 AM StreetInsider Alert for DRAM RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Dataram Corporation (NASDAQ: DRAM) reported that Lars Marcher, president and COO will be resigning this position effective June 30, 2005.
06/22/2005 08:01:25 AM StreetInsider Alert for SNH RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --A.G. Edwards downgrades Senior Housing Properties Trust (NYSE: SNH) from Hold to Sell on valuation.
06/22/2005 08:01:24 AM StreetInsider Alert for MTCT RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --MTC Technologies, Inc. and subsidiaries (Nasdaq: MTCT) announced that MTC is a member on three different winning prime contractor teams on the U.S. Army's Aviation and Missile Command Express contract. Four large and 13 small business companies won awards on the contract, which has a one-year base period with four one-year option periods. The work will be performed in Alabama and other operating locations. The maximum potential value of the contract is $20 billion for all contractors.
06/22/2005 08:01:13 AM StreetInsider Alert for KDE RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --4Kids Entertainment, Inc. (NYSE: KDE) and Toei Animation announced a multi-year licensing agreement with Mattel, Inc. (NYSE: MAT) for the toy company to serve as master toy licensee for ONE PIECE, a popular animated series airing on 4Kids TV, 4Kids Entertainment's Saturday morning children's programming block on FOX, as well as on Cartoon Network's Toonami block on Saturday evenings.
06/22/2005 08:01:13 AM StreetInsider Alert for BCH RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgrades Banco de Chile (NYSE: BCH) from Underperform to Peer Perform on positive outlook.
06/22/2005 08:01:05 AM StreetInsider Alert for EYET RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Eyetech Pharmaceuticals, Inc. (Nasdaq: EYET) revised its 2005 forward-looking guidance for net product revenue from the sale of Macugen. Eyetech now expects net product revenue from the sale of Macugen to be in a range of $175 - $190 million for the full fiscal year ending December 31, 2005. This revised guidance compares with previous company estimates of $135 - $150 million for the full year.
06/22/2005 08:01:04 AM StreetInsider Alert for ADBL RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --JP Morgan initiates coverage on Audible (Nasdaq: ADBL) with a 'neutral' rating . The analyst says rising concerns about potential competition from Amazon (Nasdaq: AMZN), the size of its market opportunity, and potential stock sales by a major shareholder will limit upside.
06/22/2005 08:01:04 AM StreetInsider Alert for AIG RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --American International Group (NYSE: AIG) has named David L. Herzog as comptroller and Robert A. Gender as treasurer.
06/22/2005 08:01:03 AM StreetInsider Alert for AZR RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Morgan Stanley downgrades Aztar (NYSE: AZR) from Equalweight to Underweight on valuation-Price target $33.
06/22/2005 08:01:03 AM StreetInsider Alert for LTXX RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CIBC downgrades LTX Corporation (Nasdaq: LTXX) from Outperformer to Sector Performer after recent run in stock price.
06/22/2005 08:01:02 AM StreetInsider Alert for EPAY RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Bottomline Technologies (NASDAQ: EPAY) filed a prospectus supplement relating to an underwritten public offering of 4,000,000 shares of common stock, consisting of 2,750,000 shares offered by Bottomline and 1,250,000 shares offered by selling stockholders.
06/22/2005 08:01:00 AM StreetInsider Alert for PPHM RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Peregrine Pharmaceuticals (Nasdaq: PPHM) presented new data at the Biotechnology Industry Organization 2005 annual meeting in Philadelphia, PA. supporting the broad anti-viral potential of Tarvacin. The data presented at BIO 2005 showed that Tarvacin binds to enveloped virus particles representing 6 different virus families, binds to virally infected cells and inhibits viral replication in multiple virus systems. The data also indicated that Tarvacin provided significant protection against Cytomegalovirus and Pichinde virus infections.
06/22/2005 08:00:59 AM StreetInsider Alert for VTAL RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Wachovia initiates coverage on Vital Images (Nasdaq: VTAL) with an 'outperform' rating and valuation range of $19-$21.
06/22/2005 08:00:58 AM StreetInsider Alert for T RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --AT&T (NYSE: T) has won a major three-year networking contract from the Vink Group, the leading supplier of semi-finished plastics in Europe. AT&T will provide Vink with a private MPLS-based network integrating more than 20 locations in Belgium, Czech Republic, Denmark, England, France, Germany, Hungary, Ireland, the Netherlands and Switzerland. ______
06/22/2005 08:00:56 AM StreetInsider Alert for CNXT RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgrades Conexant (Nasdaq: CNXT) from Underperform to Market Perform based on positive outlook.
06/22/2005 08:00:55 AM StreetInsider Alert for HPQ RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Hewlett-Packard (NYSE: HPQ) from Buy to Neutral on valuation.
06/22/2005 08:00:53 AM StreetInsider Alert for CCE RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades Coca-Cola Enterprises (NYSE: CCE) from Neutral to Buy on positive outlook and valuation.
06/22/2005 08:00:53 AM StreetInsider Alert for KO RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --The European Commission announced today that it had adopted a Commitment Decision concerning the commercial practices of The Coca-Cola Company (NYSE: KO) and its bottlers in the European Economic Area.
06/22/2005 08:00:52 AM StreetInsider Alert for RRGB RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Red Robin Gourmet Burgers (Nasdaq: RRGB) announced that Katherine L. Scherping has been appointed chief financial officer and Emily D. Rusnak has been appointed vice president of human resources. James P. McCloskey, the former chief financial officer, will continue to serve as a senior vice president.
06/22/2005 08:00:51 AM StreetInsider Alert for NOK RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --UBS Securities upgrades Nokia (NYSE: NOK) from Neutral to Buy on positive outlook-price target $20.70. Deutsche bank downgrades Nokia from Buy to Hold.
06/22/2005 08:00:45 AM StreetInsider Alert for CHS RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Prudential Securities downgrades Chico's FAS (NYSE: CHS) from Overweight to Neutral after recent run in stock price-Price target $35.
06/22/2005 08:00:45 AM StreetInsider Alert for BT RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Bear Stearns upgrades BT Group PLC (NYSE: BT) from Underperform to Peer Perform on outlook
06/22/2005 08:00:44 AM StreetInsider Alert for EP RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --El Paso Corp (NYSE: EP) announced today that it is selling its interests in its four power plants located in China to GP China Limited for approximately $71 million.
06/22/2005 08:00:43 AM StreetInsider Alert for CRAY RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Cray Inc. (Nasdaq: CRAY) announced that Germany's Alfred Wegener Institute has ordered a Cray XD1(TM) supercomputer.
06/22/2005 08:00:43 AM StreetInsider Alert for SKYF RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Sky Financial Group (Nasdaq: SKYF) and Falls Bank announced today the execution of a definitive agreement for Sky Financial to acquire Falls Bank, an $83.6 million bank that operates two full-service branches in the Akron, Ohio market.
06/22/2005 08:00:42 AM StreetInsider Alert for MBLA RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --National Mercantile Bancorp (Nasdaq: MBLA) dismissed Ernst & Young LLP as the Company's independent public accountants to audit its financial statements effective June 16, 2005.
06/22/2005 08:00:41 AM StreetInsider Alert for OSI RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --CIBC Upgrades Outback Steakhouse (NYSE: OSI) from Sector Perform to Outperform on valuation and new enhancements.
06/22/2005 08:00:41 AM StreetInsider Alert for MVSN RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Macrovision Corp (Nasdaq: MVSN) announced today that Digiturk, the largest Direct-to-Home TV broadcaster, has signed an agreement with Macrovision for content protection across its range of premium channels.
06/22/2005 08:00:40 AM StreetInsider Alert for VRSN RT$
Jun 22, 2005 (streetinsider.com via COMTEX) --Raymond James downgrades VeriSign (Nasdaq: VRSN) from Strong Buy to Outperform on valuation-Price target $37.
06/22/2005 08:00:32 AM StreetInsider Alert for KNSY RT$
Jun 21, 2005 (streetinsider.com via COMTEX) --Kensey Nash (NASDAQ: KNSY) executed a new Angio-Seal Vascular Closure Device component supply contract with St. Jude Medical, Inc. The contract, which is effective June 30, 2005 and will expire in December 2010, provides for Kensey Nash to exclusively supply 100% of St. Jude Medical's (NYSE: STJ) requirements for the collagen component of all current and future versions of the Angio-Seal device, as well as a portion of St. Jude Medical's bioresorbable polymer anchor requirements over the term of the agreement.
06/22/2005 08:00:31 AM StreetInsider Alert for MTSN RT$
Jun 21, 2005 (streetinsider.com via COMTEX) --Mattson Technology, Inc. (Nasdaq: MTSN) announced the promotion of Robert B. MacKnight, the company's chief operating officer (COO), to president and COO, effective July 1, 2005.
06/22/2005 08:00:31 AM StreetInsider Alert for EAGL RT$
Jun 21, 2005 (streetinsider.com via COMTEX) --EGL, Inc. (Nasdaq: EAGL) expects diluted Q2 earnings per share of $0.24 to $0.26, versus the consensus of $0.25. The company also said it will reduce its work force by approximately 350.
06/22/2005 08:00:30 AM StreetInsider Alert for VXGN RT$
Jun 21, 2005 (streetinsider.com via COMTEX) --VaxGen, Inc. (OTC: VXGN) said it joint venture, Celltrion, Inc., has entered into an agreement to manufacture biologic products being developed by Bristol-Myers Squibb Company (NYSE: BMY). The company said although commercial terms of the agreement were not disclosed, the agreement is believed to represent the largest biologics manufacturing contract for an Asian biopharmaceutical contract manufacturer.
06/22/2005 08:00:29 AM StreetInsider Alert for FUL RT$
Jun 21, 2005 (streetinsider.com via COMTEX) --H.B. Fuller Company (NYSE: FUL) reports Q2 earnings of $0.56 per share, 15 cents better than estimates. Revenues came in at $387.9 million versus the consensus of $395 million. Sees FY05 EPS of $1.75-$1.85, versus the consensus of $1.48.
06/22/2005 08:00:18 AM StreetInsider Alert for COGT RT$
Jun 21, 2005 (streetinsider.com via COMTEX) --Cogent Systems (Nasdaq: COGT) priced the follow-on public offering of its common stock at a price of $25.50 per share. The offering consists of 11,000,000 shares, of which 4,000,000 are primary shares offered by the company, and 7,000,000 are secondary shares offered by executive officers and stockholders of the company. One of the selling stockholders has granted the underwriters an option to purchase up to 1,650,000 additional shares to cover over-allotments, if any. ____________
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