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Pre-Market Earnings Gappers (January 29, 2008)

We are right in the thick of earnings season and below is a snapshot of some of the key earnings reports with price changes if available:

• Air Tran (NYSE: AAI) -$0.02 EPS vs -$0.02 estimate.
• American Electric Power (NYSE: AEP) $0.52 EPS vs $0.50 estimate.
• American Express (NYSE: AXP) $0.71 EPS vs $0.71 estimate; stock fell 2% after-hours.
• Burlington Northern (NYSE: BNI) $1.46 EPS vs $1.37 estimate.
• Cardinal Health (NYSE: CAH) $0.90 EPS vs. $0.87 estimate, lowered guidance.
• Chattem (NASDAQ: CHTT) $0.76 EPS vs $0.65 estimate.
• Corinthian Colleges (NASDAQ: COCO) $0.11 EPS vs. $0.11 estimate; lending changes and reimbursement changes will lower earnings in second half to make 2008 at lower-end of expectations.
• Countrywide Financial (NYSE: CFC) posted earnings; maintained dividend; shares up 1.5% pre-market.
• Dow Chemical (NYSE: DOW) $0.84 EPS vs $0.80 estimate;
• Eli Lilly (NYSE: LLY) $0.90 EPS vs $0.87 estimate.
• EMC (NYSE: EMC) $0.24 EPS vs $0.22 estimate
• 3M (NYSE: MMM) $1.19 EPS vs $1.17 estimate; $6.2 Billion vs. $6.12B estimate; reiterated 10% EPS growth for 2008.
• Accidental Petroleum (NYSE: OXY) $1.74 EPS vs $1.69 estimate; replaced 116% of its 2007 production.
• SanDisk (NASDAQ: SNDK) posted non-GAAP EPS of $0.69 vs. $0.64 EPS estimate, but guidance was disappointing; stock down 3%.
• Sepracor (NASDAQ: SEPR) trading down 7% after restatements.
• Smurfit Stone (NASDAQ: SSCC) traded up 6% after earnings.
• T.Rowe Price (NASDAQ: TROW) $0.68 EPS vs $0.63 estimate.
• Unisys (NYSE: UIS) $0.04 EPS vs $0.12 estimate; although shares up almost 4%.
• VMware (NYSE: VMW) trading down 20% or more after revenue number was light.
• Waddell & Reed (NYSE: WDR) $0.42 EPS vs. $0.42 estimate.
• Zoran (NASDAQ: ZRAN) traded down 22% after beating earnings but lowering guidance.

Jon C. Ogg
January 29, 2008

Pre-Market Stock News (January 28, 2008)

Alliance Data Systems (ADS) was informed by Blackstone that conditions likely won't be satisfied to complete the merger; stock trading down close to 40%.
American Express (AXP) reports earnings today with estimates at $0.71 EPS.
Biogen Idec (BIIB) said that Carl Icahn has given notice that he wants to nominate 3 directors to the board.
Black & Decker (BDK) $1.06 EPS vs. $1.03 estimate; lowered guidance for 2008 to $5.40 to 5.90 vs. $6.10+ estimates.
Bluelinx (BXC) now sees wider losses than expected.
Corning (GLW) $0.40 EPS vs. $0.39 estimate; Revenue $1.58B vs. $1.55B est.
eBay (EBAY) announced that PayPal has agreed to acquire Fraud Sciences Ltd. in Israeli for roughly $169 million.
FPL Group (FPL) $0.71 EPS vs. $0.67 estimates.
Halliburton (HAL) $0.74 EPS vs. $0.69 estimates.
Matria Healthcare (MATR) is being acquired by Inverness Medical (IMA) for $39.00 per share, with a breakdown of $6.50 per share in cash and $32.50 per share in convertible preferred stock.
McDonalds (MCD) set to report earnings, estimate $0.71.
Napster (NAPS) announced the launch of the Napster Mobile music service with Ericsson phones at Telecom Italia through its mobile brand TIM.
Sallie Mae (SLM) received commitments for $31 Billion from a consortium of banks led by Bank of America, JPMorgan Chase, Barclays Capital, Deutsche Bank, Credit Suisse, and The Royal Bank of Scotland, and from UBS; new financing will replace the $30 billion interim financing put in place; will drop suit related to past failed merger.
Sears Holdings (SHLD) Aylwin Lewis is stepping down as CEO of Sears.
Stanley Works (SWK) $1.11 EPS vs. $1.10 estimate; reaffirmed 2008 EPS at $4.20 to $4.40 versus $4.37 estimate.
Superior Offshore (DEEP) announced E. Donald Terry will be Interim President/CEO effectively immediately.
Synta (SNTA) and GlaxoSmithKline (GSK) announced elesclomol for metastatic melanoma was granted orphan drug designation by FDA; SNTA trading up 17%.
Ultralife Batteries (ULBI) received $4.4 million in military battery orders from the U.S. Defense Department.
Verizon (VZ) $0.62 EPS vs $0.62 estimate; added 2 million total net wireless customers; now has over 1 million FiOS TV customers.

Jon C. Ogg
January 28, 2008

Pre-Market Stock News (January 24, 2008)

We are full blown into earnings season now.  These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders to review this morning:

• Annaly Capital Management, Inc. (NLY) priced its secondary of 51,000,000 shares of common stock at $19.25 per share.
• AT&T (T) $0.71 EPS vs. $0.71 estimate; new share buyback plan of up to 400 million shares.
• Becton Dickinson (BDX) $1.07 EPS vs $1.04 estimate; raised guidance before charges.
• Cabot Micro (CCMP) $0.51 EPS vs $0.47 estimate.
• Cubist Pharmaceuticals (CBST) shares rose another 7% to $21.72 after beating earnings and raising guidance.
• Danaher (DHR) $1.12 EPS vs. $1.12 estimate.
• DuPont (DD) noted as strong value without earnings risk according to Cramer on CNBC's Mad Money.
• eBay (EBAY) shares fell over 5% after beating earnings but lowering guidance; Meg Whitman retires as CEO but stays on board.
• F5 Networks (FFIV) shares rose almost 20% after beating earnings.
• Ford (F) -$0.20 EPS vs. -$0.19 estimates; CEO will be on CNBC at 12:15 PM EST.
• IBM (IBM) noted as strong value without earnings risk according to Cramer on CNBC's Mad Money.
• Lennar (LEN) -$0.42 EPS vs, -$1.61 est.; but losses were before -$7.50 per shares in charges; sees 2008 continuing weakness.
• Lockheed Martin (LMT) $1.89 EPS vs. $1.69 estimate; sees 2008 EPS $7.05 to $7.25 vs. prior guidance $6.19 to $7.15 and vs. $7.29 estimate.
• Microsoft (MSFT) reports earnings after the close today with estimates at $0.46 EPS on revenues of $15.94 Billion.
• Napster (NAPS) msic rental service is now available to NTT DoCoMo subscribers.
• Netflix (NFLX) earnings were above plan and guidance was too; shares indicated up slightly.
• Nokia (NOK) announced its market share rose to 40% and posted a 57% gain in earnings overseas.
• Plexus Corp. (PLXS) raised guidance to $0.46 to $0.51 EPS on revenues of $440 million to $460 million, compared to estimates of $0.42 & almost $430 million;shares rose 8.3% to $21.50 in after-hours trading.
• Polycom (PLCM) posted $0.42 EPS on revenues of $263.3 million vs. estimates of $0.39 & $252.5 million; shares rose some 7.7% to $24.00.
• Potash (POT) announced it would repurchase up to 5% of its outstanding shares.
• Qualcomm (QCOM) posted $0.46 EPS and non-GAAP EPS at $0.52 EPS on $2.44 Billion in revenues.  Estimates were $0.53 EPS on revenues of $2.41 Billion, 6% to $38.90 after-hours.
• Symantec (SYMC) beat earnings; raised guidance; shares rose 8.5% at $16.55.
• THQ (THQI) traded down 8% after disclosing net profit drops on charges from discontinued titles.
• Trimble Navigation (TRMB) shares rose 15% at $27.45 after raising current guidance and reaffirming 2008 revenues.
• Western Digital (WDC)  $1.35 EPS vs. $1.04 estimate; sees next quarter $0.85 to $0.91 EPS  & $2 Billion revenues vs. estimates of $0.80 & $1.9 Billion; shares rose by almost 7%.
• World Acceptance (WRLD) $0.54 EPS vs. $0.46 estimates.
• Xerox (XRX) $0.41 EPS vs $0.41 estimate; sees next quarter $0.25 to $0.28 vs. $0.28 estimate; sees 2008 $1.31 to $1.35 EPS versus $1.31 estimates.

Jon C. Ogg
January 24, 2008

Pre-Market Stock News (January 23, 2008)

We are full fledged into earnings season now, so most news coverage will point to the current earnings environment and guidance.  There are of course drug developments and other contracts awards.  Below is a snapshot of some of the key data we saw affecting shares in pre-market trading:

• Abbott Laboratories (ABT) $0.93 EPS versus $0.92 estimate; sees Q1 EPS $0.61 to $0.63 versus $0.65 estimates and sees 2008 EPS $3.20 to $3.25 versus $3.22 estimate.
• Advanced Energy Industries Inc. (NASDAQ: AEIS) traded down over 10% after after it lowered guidance.
• Air Products (APD) $1.16 EPS vs $1.13 estimates. 
• Apple Inc. (AAPL) trading down 10% after it posted $1.76 EPS on $9.6 Billion revenues; Estimates were $1.62 EPS on revenues of $9.47 Billion; Guidance for next quarter is $0.94 EPS and revenues $6.8 Billion versus estimates of $1.09 EPS on $6.98 Billion in revenues.
• Baidu.com (BIDU) announces the formal launch of its Japanese language search engine run by its Japanese subsidiary.
• CheckPoint Software (CHKP) trading up almost 5% after $0.46 EPS versus $0.45 est.; Revenues $206.7M vs. $202.3M est.;
• CNH Global (CNH) $0.50 EPS versus $0.60 estimate.
• Coach (COH) $0.69 EPS vs $0.68 estimate; noted weak mall traffic and decline in average transaction size.
• EntreMed (ENMD) is starting its Phase II study with its MKC-1 cell cycle inhibitor in ovarian cancer and advanced endometrial cancer.
• Ethan Allen (ETH) posted $0.70 EPS versus $0.68 estimate.
• Foster Wheeler (FWLT) trades ex-split to reflect a 2 for 1 stock split.
• General Dynamics (GD) $1.42 EPS vs. $1.41 estimate; sees 2008 EPS $5.55 to $5.65 versus $5.73 estimate.
• HOKU Scientific Inc. (HOKU) traded down 10% after earnings beat but guidance was deemed light.
• INX (INXI) awarded Department of Defense contract to provide up to $21 million in support  of a Cisco Systems network pact.
• Martek Biosciences (MATK) noted a December publication showed its DHA may help in late-onset Alzheimer's, although NIH study results will be in 2010.
• Parametric (PMTC) $0.26 EPS vs. $0.23 estimate; sees next quarter $0.24 to $0.28 vs. $0.26 estimate; sees 2008 EPS $1.17 to $1.27 vs. $1.16 estimate (revenue in-line).
• Praxair (PX) $0.98 EPS vs $0.97 estimate.
• Qualcomm (QCOM) expanded relationship with Motorola for chipsets into certain UMTS 3G handsets in 2008 and 2009.
• RLI Corp. (RLI) $1.22 EPS versus $1.05 estimate.
• Rockwell Automation (ROK) $1.04 EPS vs. $1.01 estimates; guides 200 EPS $4.25 to $4.45 versus $4.38 estimate.
• Southwest Airlines (LUV) $0.12 EPS vs. $0.10 estimate ; reigned in 2008 growth plans to 4%-5% capacity.
• Texas Instruments Inc. (TXN) has posted earnings of $0.54 EPS and revenues of $3.56 Billion; analysts pegged at $0.52 EPS on $3.58 Billion in revenues; sees Next quarter $0.43 to $0.49 EPS on revenues of $3.27 to $3.55 Billion versus estimates of $0.45 EPS on $3.41 Billion in revenues.
• TJX Companies (TJX) was Jim Cramer's retail pick on CNBC's MAD MONEY last night.
• United Tech (UTX) $1.08 EPS vs. $1.06 estimate; sees 2008 $4.65 to $4.85 versus $4.85 estimate.
• Vertex Pharmaceuticals (VRTX) will begin Phase III evaluation of telaprevir for its lead investigational hepatitis C protease inhibitor.
• WellPoint (WLP) $1.51 EPS versus $1.51 estimate.
• Werner Enterprises (WERN) $0.28 EPS vs. $0.28 estimate.

Jon C. Ogg
January 23, 2008

Pre-Market Stock News (January 22, 2008)

On a day that DJIA futures are indicating a -500 point drop in the market, it is pretty hard to focus on the individual news out there in each stock.  There are actually a few stocks trading up and here is the individual news:

• Abraxis BioScience (ABII) received approval from the EU Commission to market ABRAXANE for metastatic breast cancer in Europe.
• ADTRAN (ADTN) $0.27 EPS vs $0.27 estimates.
• Bank of America (BAC) posted $0.05 EPS vs. $0.18 estimates, with a $5.28 Billion CDO writedown; shares down over 5% pre-market.
• BJ Services (BJS) $0.58 EPS vs. $0.59 estimate.
• Cardiome (CRME) announced that the FDA has not made a decision on its new drug application for KYNAPID for atrial fibrillation; shares appear to be indicated down 10% or so.
• DuPont (DD) $0.57 EPS vs $0.49 estimates; sees 2008 EPS $3.35 to $3.55 versus $3.43 estimates; shares down almost 2%.
• eBay (EBAY) WSJ announced Meg Whitman plans to retire, although no formal announcement has been made; shares down 8% pre-market.
• Exelixis (EXEL) and Bristol-Myers to co-develop XL139; Exelixis will receive a $20 million milestone payment; EXEL down 3% pre-market.
• Fastenal (FAST) $0.38 EPS vs $0.40 estimates.
• Google (GOOG) shares down over 5% pre-market.
• Iomega (IOM) raised guidance; shares up over 10% pre-market.
• Jacobs Engineering (JEC) $0.75 EPS vs. $0.70 estimates.
• J&J (JNJ) posted $0.88 EPS vs. $0.86 estimates; sees Fiscal 2008 EPS $4.39-$4.44 vs $4.42 estimates.
• Microsoft (MSFT) and Citrix Systems (CTXS) announce an expanded alliance to deliver a set of virtualization solutions to address the desktop and server virtualization needs of customers.
• OSI Systems (OSIS) has received a contract for Rapiscan for about $2 million from its Chinese distributor.
• Regions Financial (RF) $0.24 EPS vs. $0.29 estimate.
• Satyam (SAY) $0.32 EPS vs $0.31 estimates; sees next quarter $0.36 EPS vs. $0.34 estimate; sees 2008 EPS $1.27 vs. $1.24 estimate.
• Tellabs (TLAB) $0.04 EPS vs. $0.01 estimate; Revenues $469.1 million versus $459.6 million estimates; shares down 2.8% pre-market.
• Teva (TEVA) announced it will acquire privately held CoGenesys for development of peptide- and protein-based medicines for roughly $400 million cash.
• UnitedHealth (UNH) $0.92 EPS vs. $0.92 estimates; sees 2008 EPS $3.95 to $4.00 vs. $3.96 estimates.
• Ventana Medical Systems (VMSI) is being acquired by Roche for $89.50 per share in cash in an increased buyout price; shares up 4% at $88.75
• Wal-MArt (WMT) set to make healthcare announcement this morning.
• Waters (WAT) $0.98 EPS vs $1.06 estimate.

Pre-Market Stock News (Thursday, January 17, 2008)

It's earnings season.  We've got dozens and dozens of companies with news related to earnings, management changes, contracts, drug news, retail, banking, tech, and more.  Here is a snapshot of the news affecting shares in pre-market trading:

• ADC Telecom (ADCT) indicated up 2% after being noted as a cheap oversold tech stock again by Cramer on MAD MONEY last night.
• AEGON (AEG) announced its CEO of Netherlands operations stepped down.
• Altria (MO) noted as a great value stock again by Cramer on MAD MONEY.
• Bank of New York (BK) $0.67 EPS vs. $0.69 estimate; $118 million after-tax writedown on CDO's/mortgages or -$0.10 off of EPS.
• Black Hills (BKH) announced that CFO Mark T. Thies resigned effective January 18.
• Borg Warner (BWA) put earnings in 2008 at $2.85 to $3.00 EPS versus $2.85 estimates.
• Callaway Golf (ELY) reaffirmed 2007 targets of $0.87 to $0.87 versus $0.87 estimate.
• Capstone Turbine (CPST) announced its CFO is leaving to join a private genomics company; announced new distributor agreement in China for oil & gas sector.
• Cell Therapeutics (CTIC) reported that Zevalin + chemo and stem-cell transplants produce high overall survival and progression-free survival rates in relapsed NHL patients.
• China Automotive Systems (CAAS) announced its sales rose over 42% and exceeded 1.1 million units of power steering systems in in 2007.
• Converted Organics (COIN) announced that it is exempt from the new tax that will be levied on most of the solid waste facilities in New Jersey.
• Continental Airlines (CAL) revenues $3.52 Billion versus $3.51 Billion estimate; posted $71 million pre-tax profit, will have $70 to $140 million charge on employees.
• GlaxoSmithKline (GSK) lower after NEJM report pans antidepressants.
• IBM (IBM) reports earnings after the close, although it already raised guidance.
• Logitech (LOGI) trading down roughly 4% after posting $0.71 EPS versus $0.63 estimate but revenues looked light; looking for 15% sales growth and 20% operating income growth in 2008;
• Merrill Lynch (MER) loss was $12.57 net for Q4, -$10.73 for all of 2007, but writedowns for Q4 were $14.1 Billion (11.5B from ABS CDO and $2.6 from hedges with financial guarantors on ABS CDO); Thain interview CNBC at 9:15 AM.
• MFA Mortgage (MFA) announced a public offering of 25 million shares of common stock at $9.25 per share; closed at $9.41 yesterday.
• Novartis (NVS) shares down 2% after it noted a 45% earnings drop overseas after restructuring charges; plans some $9 Billion for share buybacks.
• Pfizer (PFE) lower after NEJM report pans antidepressants.
• PNC (PNC) $1.07 EPS versus $1.08 estimate.
• QLT Inc. (QLTI) reported Visudyne sales were lower by 40%; announced that it will sell U.S. operations and cut jobs in restructuring.
• TD Ameritrade (AMTD) reports earnings this morning.
• True Religion (TRLG) preliminary Q4 revenues $52.4 million versus $46.9 million estimate; sees 2008 EPS $1.48 to $1.52 on revenues of $210 to $215 million versus $1.56/$210.5M estimates.
• Wyeth (WYE) lower after NEJM report pans antidepressants.

This is going to be a long day, and this data is nothing compared to what you will start seeing next week.

Jon C. Ogg
January 17, 2008

Pre-Market Stock Movers (January 15, 2008) (EDU, COIN, CWTR, DNDN, DNA, WSM, FRX, LCBM, NWY, STT, PVH, TMA)

Below is a snapshot of the key pre-market news that we are focusing on for early pre-market trading this Tuesday:

• Apple (AAPL) has its Macworld today.
• CECO Environmental (CECE) announced 14 new orders received totaling ~ $7.3 million.
• Charles & Colvard (CTHR) lowered guidance and announced a strategic review.
• Citigroup (C) was trading up but then went negative in early trading: -$1.99 EPS vs -$1.00 estimate, huge charges of $18.1 Billion, 4,200 layoffs included, review divestitures, cut $0.54 dividend down to $0.32.
• Coldwater Creek (CWTR) lowered guidance, again, again. Shares down 15% to new low.
• Converted Organics (COIN) announced its has secured a Rhode Island site for second organic fertilizer facility; stock down 6% pre-market.
• Dendreon (DNDN) received a European patent covering Provenge and its ACI platform technology; shares up 5% pre-market after solid gains yesterday.
• First American Financial (FAF) sees revenues of $1.9 Billion as expected but sees charges and writedowns.
• Forest Labs (FRX) $0.96 EPS vs $0.75 estimate; Revenues $998.2 million versus $946+ million estimate. Raised 2008 guidance.
• Genentech (DNA) trading down 2% pre-market after beating earnings but missing estimates on its top 4 drugs; sees 2008 EPS $3.30-3.45 vs. $3.37 estimate.
• Kellwood (KWD) $21.00 tender from Sun Capital affiliate Cardinal Integrated commences.
• Kosan (KOSN) initiated Phase II trials of alvespimycin, their second-generation inhibitor in patients with HER2-positive metastatic breast cancer.
• Lifecore Biomedical (LCBM) trading up 29% after it agreed to be acquired by Warburg Pincus for $17.00 per share in cash.
• Merrill Lynch (MER) confirmed that it has agreed to issue $6.6 Billion in preferred stock.
• New Oriental Education & Technology (EDU) $0.10 EPS vs. $0.08 estimate.
• New York & Co. (NWY) lowered guidance.
• OSI Systems (OSIS) received a follow-on order from EDO Corporation for roughly $5.8 million.
• Phillips-Van Heusen (PVH) guidance for Q4 EPS at least $0.53, previous guidance was $0.51 to 0.53 and $0.53 First Call; also reaffirmed FY08 EPS of $3.55 to 3.65 vs. $3.55 estimate.
• State Street (STT) issued earnings and is indicated down 1% to 3% on thin volume after noting it sees 2008 at lower end of target.
• Thornburg Mortgage (TMA) raised roughly $212 million in equity and convertible preferred securities sales; stock down 1% pre-market.
• William Sonoma (WSM) lowered guidance; stock down 14% pre-market.

Jon C. Ogg
January 15, 2008

Pre-Market Stock Notes (January 8, 2008)

Bear Stearns' (BSC) Jimmy Cayne will be stepping down as CEO but remaining as Chairman according to multiple reports.
Credence Systems (CMOS) $0.05 EPS & $97.7M revenues vs. $0.05/$105M est.; but guidance much lower now with a -$0.37 to -$0.39 loss on revenues of $58-62 Million versus $0.02 and $102.75M estimate.
Great Atlantic & Pacific Tea Company (GAP) posted high EPS instead of a loss, but it has many items causing the gains.
Isis Pharma (ISIS) traded up almost 50% on Genzyme partnership for lipid lowering agent with potential $2 Billion in annual sales.
Joy Global (JOYG) is acquiring Continental Global for $270 million.
Nektar (NKTR) is commencing its Phase II clinical development program for NKTR-102 in Colorectal Cancer.
Nu Skin Enterprises (NUS) received direct selling approval in Mainland China.
Perry Ellis (PERY) is acquiring C&C California & Laundry from Liz Claiborne for roughly $37 million in a deal accretive to FY09 earnings.
Starbucks (SBUX) bringing back Schultz as CEO.
Supervalu (SVU) $0.66 EPS vs $0.63 estimate, but slightly lowered guidance.
UnitedHealth Group (UNH) announced a subsidiary is acquiring Unison Health Plans.

Jon C. Ogg
January 8, 2008

Top Pre-Market Stock News (January 7, 2008)

Below is a snapshot of some of the key impact news affecting stocks in pre-market trading this Monday, January 7, 2008:

• AllianceBernstein (AB) noted as a hidden gem in Barron's cover story.
• Answers Corp. (ANSW) announced a collaboration with Nokia for Series 40 and S60 mobile devices.
• Avocet (AVCT) lowered guidance
• Biogen-Idec (BIIB) and Elan (ELN) say that the safety data continues to support a favorable benefit-risk profile for TYSABRI.
• Celgene Corp. (CELG) trading up 5% after guidance is in-line for 2007 and issued new guidance for 2008.
• CNET (CNET) had a Jana Partners-led investor group take a 21% stake and try to oust the board of directors.
• Diana Shipping (DSX) trading up almost 2% on positive Barron's article over weekend.
• 8X8 Inc. (EGHT) introduced a free international mobile calling plan with its new Packet8 MobileTalk trial.
• hhgregg (HGG) reaffirmed 2008 EPS guidance of $0.95 to $1.03 vs. $1.00 est.; s-s-s up 3%.
• JA Solar (JASO) announced a 3 for 1 stock split.
• Jefferies (JEF) issued earnings warning.
• Krispy Kreme (KKD) announced it has elected a new CEO.
• Microsoft (MSFT) said at "CES" it had 100 million licenses sold of Windows Vista; 17.7 million Xbox 360's, 10 million Xbox live users; will have new content downloads.
• Napster (NAPS) will sell music with less copyright protection as MP3 files.
• Nice Systems (NICE) received multi-million dollar orders from 2 of the top-3 US banks for fraud alert.
• Rogers Communications (RCI) raised annual dividend from $0.50 to $1.00 and put 2008 revenues $11.2 to $11.5 Billion versus $11.25 Billion estimates; announced share buyback.
• Schnitzer Steel (SCHN) missed earnings and revenue targets; stock trading down 1% so far.
• Sony (SNE) introduces new tri-recording video Camcorder at "CES".
• TASER (TASR) unveils its new leopard print TASER C2 personal protection device at the 2008 International Consumer Electronic tradeshow in Las Vegas today.
• Zumiez (ZUMZ) said December s-s-s was +3.9%, but guided lower; shares down over 1%.

Jon C. Ogg
January 7, 2007

Pre-Market Stock News (December 20, 2007) (ACN, ATVI, ALTU, ARRY, ATHX, BSC, BX, CAKE, ECHO, INTU, FDX, MLHR, IDEV, LDK, LEG, LOCM, NKE, ORCL, PIR, RIMM, RAD, RUTH, SMOD, SCS, DEEP, TRB)

This is not every bit of news on individual stocks but this is the major news affecting many shares in pre-market activity this Thursday morning:

• Accenture (ACN) stock up 4% after posting $0.60 EPS vs. estimate of $0.56.
• Activision (ATVI) again guided earnings higher.
• Altus Pharmaceuticals (ALTU) traded down almost 20% after it reacquired ALTU-238 development and commercialization rights for North America from Genentech, an end to the development pact.
• Array BioPharma (ARRY) traded down almost 20% after it announced initial results from a Phase II study comparing its monotherapy with temozolomide in the first-line treatment of advanced melanoma showed no apparent difference in efficacy for the primary endpoint.
• Athersys (ATHX) and Angiotech announce authorization of Phase I stem cell trial for heart attacks.
• Bear Stearns (BSC) expected to post first loss.
• Blackstone (BX) plans to sell a $9 Billion CMBS offer backed by Hilton Hotels in Q1 2008.
• Cheesecake Factory (CAKE) had a 10% stake taken by activist Nelson Peltz.
• Electronic Clearing house (ECHO) getting acquired by intuit for $17.00 per share.
• FedEx (FDX) $1.54 EPS vs. $1.50 estimates (had been lowered) but next quarter $1.15-1.30 vs. $1.38 est.; $6.40 to $6.70 for year bvs. $6.47 estimate.
• Herman Miller (MLHR) $0.72EPS Vs. estimate of $0.59; stock rose about 10%.
• Indevus Pharma (IDEV) trading down about 5% on a non-approvable letter from the FDA for VALSTAR NDA supplement (submitted May 2007).
• Intuit (INTU) paying $131 Million for ECHO.
• LDK Solar (LDK) $0.37 EPS on $157M revenues vs. $0.37/$143.22M est.; Q4 guidance $0.40-$0.41 on $180-$185M revenues vs. $0.41/$167.5M est.; stock indicated down 5%.
• Leggett & Platt (LEG) stock down about 5% on lower guidance.
• Local.com (LOCM) announced a strategic partnership with IAC/Interactive's Citysearch; stock trading up 7% on news.
• Nike (NKE) traded up 3% after $0.71 EPS on $4.3 Billion revenues vs. estimates $0.66/$4.3B.
• Oracle (ORCL) traded up 6% after beating earnings and giving slightly higher guidance; sees enterprise spending lasting into 2008.
• Pier 1 (PIR) -$0.11 EPS vs -$0.24 estimate.
• Research-in-Motion (RIMM) reports earnings after the close today.
• Rite Aid (RAD) indicated down about 5% after posting loss.
• Ruths Chris (RUTH) gave an earnings warning.
• Smart Modular Tech (SMOD) $0.18 EPS vs. $0.17 estimate.
• Steelcase (SCS) $0.30 EPS vs. $0.28 estimate.
• Superior Offshore (DEEP) signed a letter of intent with a strategic partner for ownership of a DP-III deepwater construction and dive support vessel expected to be delivered in late 2008.
• Tribune (TRB) buyout supposedly set to close today.

Jon C. Ogg
December 20, 2007

Pre-Market Stock News (DECEMBER 19, 2007) (ATU, ADCT, CEM, CSUN, DGIT, ETFC, AMTD, FITB, FRPT, GIS, GOOG, HOV, JOYG, LMC, MS, PALM, PHG, S, VIA, MSFT)

Below is a summary of many of the top headlines and news bits from individual stocks affecting share prices in pre-market trading this Wednesday:

• Actuant (ATU) $0.52 EPS vs $0.48 estimate.
• ADC Telecom (ADCT) traded down 4% after-hours. It filed a $400 million convertible note offering, and Cramer said it was a safe stock to play for Verizon and AT&T network build-outs.
• Chemtura (CEM) said it will review Strategic Alternatives, including a possible sale of the company.
• China Sunergy (CSUN) named Kenneth Luk as its Chief Financial Officer.
• DG FastChannel (DGIT) shares are up 5% after it raised its 2007 and 2008 guidance.
• E*Trade (ETFC) rose almost 4% in conjunction with
• Fifth Third (FITB) warned of more credit losses but increased its dividend.
• Force Protection (FRPT) traded down over 20% again after lower portion of Mine Resistant Ambush Protected vehicles for U.S. Marines.
• General Mills (GIS) $1.14 EPS vs $1.13 estimates.
• Google (GOOG) said its application to bid for spectrum was accepted by the FCC.
• Hovnanian (HOV) losses reached $7.42 on lower sales and added charges and write-downs.
• Joy Global (JOYG) $0.80 EPS vs $0.75 estimates.
• Lundin Mining (LMC) stock indicated up almost 2% after it said it will repurchase up to 19.6 million shares of common stock.
• Morgan Stanley (MS) posted -$3.61 net but had $5.7 Billion in mortgage write-downs totaling roughly $9 Billion in charges now; it is also in pact with China Investment for $5 billion investment.
• Nike (NKE) reports earnings after the close today.
• Oracle (ORCL) posts earnings after the close today.
• Palm (PALM) lost 9% after wider losses than expected and even lower guidance ahead.
• Philips (PHG) plans a $7.2 Billion share buyback.
• Sprint (S) named Hesse from Embarq as its new CEO.
• TD Ameritrade (AMTD) rose 4% after it raised guidance.
• Viacom (VIA) in long-term digital content and advertising pact with Microsoft.

Jon C. Ogg
December 19, 2007

Pre-Market Stock News (December 18, 2007)

Below is the top news that 247WallSt.com is focusing on that is impacting stocks in pre-market trading activity:

• Adobe Systems (ADBE) traded down 2% after beating earnings and slightly raised guidance.
• ATS Medical (ATSI) received FDA approval for AP360 mechanical heart valve.
• Best Buy (BBY) $0.53 EPS vs $0.41 est. and $9.92 Billion revenues vs. $9.45 Billion est.; shares traded up 4%.
• Borg Warner (BWA) trades ex-split to reflect a 2 for 1 stock split today.
• Cherokee (CHKE) retained Goldman, Sachs & Co. to explore strategic alternatives including possible sale of the company.
• Dollar Financial (DLLR) raised fiscal 2008 guidance after formally closing its previously announced acquisition of 82 Florida financial-services stores.
• Eli Lilly (LLY) announced that CEO Sidney Taurel will retire in March 2008.
• First Solar (FSLR) noted as a stock pick with 5-years earnings visibility by Cramer on MAD MONEY.
• Forest Labs (FRX) won FDA approval for its new high blood pressure beta blocker along with Maylan Labs.
• Goldman Sachs (GS) set to report earnings with $6.61 EPS estimate (whisper of $7.00 and higher).
• Natus Medical (BABY) put Q1 guidance $0.09-0.10 vs $0.12 estimate; sees 2008 EPS $0.68 to $0.70 vs. $0.63 estimate.
• MedcoHealth Solutions (MHS) noted as a stock pick with 5-years earnings visibility by Cramer on MAD MONEY.
• Mylan Labs (MYL) won FDA approval for its new high blood pressure beta blocker along with Forest Labs.
• Range Resources (RRC) to replace Tribune in S&P 500 Index on Thursday after close.
• Salix Pharmaceuticals (SLXP) will replace Coherent Inc. (COHR) in the S&P SmallCap 600 after the close TODAY.
• Synovus (SNV) lowered its guidance.
• Thornburg (TMO) reinstated dividend with $0.25 payment, says mortgage uncertainties continue.
• Transocean (RIG) noted as a stock pick with 5-years earnings visibility by Cramer on MAD MONEY.

Jon C. Ogg
December 18, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the SPECIAL SITUATION newsletter and he does not own securities in the companies he covers.

Pre-Market Stock News (December 17, 2007)

Below is a highlight of the top pre-market news affecting individual stocks:

• Acacia Research (ACTG) entered into a retroactive license agreement with Polo Ralph Lauren.
• Amtech Systems (ASYS) announced receipt of $8.9 million in additional Solar orders.
• Anesiva (ANSV) gets an additional investment from Alta Partners for $25 million more.
• Covidien (COV) is selling its retail products business to First Quality Enterprises for about $335 million.
• Ingersoll-Rand (IR) is acquiring Trane (TT) for $48 per share In Cash & Stock.
• KBR (KBR) announced preliminary 2008 earnings guidance at $1.30 to $1.60 EPS, analyst expectations are $1.51.
• Kosan Biosciences (KOSN) announced meaningful anti-tumor activity in Tanespimycin Trials; showed 55% clinical benefits.
• Loews Corp (LTR) announced it will spin-off Lorillard tobacco unit.
• Monaco Coach (MNC) announced a $30 million stock buyback plan.
• MGI PHARMA (MOGN) said Aquavan NDA was accepted for review by FDA.
• PPG Industries (PPG) agreed to acquire bodyshop distribution business of Unipart Automotive.
• Rambus (RMBS) entered into Toshiba license agreement for Rambus XDR(TM) memory architecture for HDTV chipset.
• Silicon Motion (SIMO) put its Q4 revenues at the high-end of prior guidance.
• Take-Two Interactive (TTWO) has announced the formation of 2K Marin, a new development studio under its 2K publishing label.
• Telular Corp. (WRLS) appointed Joseph A. Beatty as its new CEO.
• Trane (TT) is being acquired by Ingersoll-Rand for $48 per share in Cash & Stock.
• Ultralife Batteries (ULBI) announced a $62 million order.
• Yum! Brands (YUM) appoints Roger Eaton as Chief Operating and Development Officer-Designate.

Jon C. Ogg
December 17, 2007

Pre-Market Stock News (December 11, 2007)

Below is a snapshot of the individual company news affecting share prices being watched by 247WallSt.com:

• Amtech Systems (NASDAQ: ASYS) shares up 3% after it announced receipt of a $3.9 million solar order for diffusion processing systems from an existing solar cell customer based in Taiwan.
• Boeing (NYSE: BA) has an update for the progress on its 787 Dreamliner today.
• Celanese (NYSE: CE) guided up slightly for 2007 and in-line for 2008, guidance upped to 2010 as well.
• ChinaEdu Corporation (NASDAQ: CEDU) priced its 6.82 million ADR IPO at $10.00 per share.
• Citigroup (NYSE: C) cuts size of SIV by $15 Billion.
• Dell (NASDAQ: DELL) introduced new tablet PC with touchscreen.
• General Electric (NYSE: GE) set to give outlook meeting this afternoon with guidance.
• Genesis Micro (NASDAQ: GNSS) shares up over 50% after being acquired by STMicroelectronics for $8.65 per share.
• H&R Block (NYSE: HRB) shares trading down about 8% after posting loss for quarter.
• IAC/Interactive (NASDAQ: IACI) is allowing users to dump their searches stored by the search engine in a bout to win over customers via privacy.
• Macrovision (NASDAQ: MVSN) won a tier 1 pact from a European automotive integrator.
• Medarex (NASDAQ: MEDX) shares trading down almost 20% after saying its BMY partnered Ipilimumab failed to meet endpoints for its metastatic melanoma treatment.
• MultiMedia Games (NASDAQ: MGAM) $0.02 EPS vs $0.01 est.
• PCTEL (NASDAQ: PCTI) selling its mobility solutions unit to Smith Micro for $59.7 million.
• Smith Micro (NASDAQ: SMSI) traded up 12% after announcing it was acquiring PCTEL's mobility solutions group for $59.7 million.
• Texas Instruments (NYSE: TXN) traded up almost 5% after raising its mid-point of guidance to above consensus.
• UBS (NYSE: UBS) shares trading down 3% after it wrote-down another $10 Billion in value of mortgage backed assets and sold a 10% stake to investors from Singapore and the Middle East.
• Valero (NYSE: VLO) may sell some more refinery assets.
• Washington Mutual (NYSE: WM) shares trading down 9% after it cut its dividend, announced lay-offs, and will exit sub-prime operations.

Jon C. Ogg
December 11, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Pre-Market Stock News (December 6, 2007)

Below is some of the top pre-market news affecting individual shares that 247WallSt.com is reviewing:

• AMERCO (NASDAQ: UHAL) announce a $50 million share buyback plan.
• Children's Place Retail Stores (NASDAQ: PLCE) NOV s-s-s were +3%.
• Coca-Cola (NYSE: KO) announced its CEO succession plan, Kent will replace Isdell in July 2008.
• Costco (NASDAQ: COST) same-store sales rose 9%. Analysts had expected 6.6%.
• Eli Lilly (NYSE: LLY) put 2008 EPS guidance at $3.85-4.00, slightly above consensus.
• Family Dollar (NYSE: FDO) issued downside guidance with same-store-sales.
• Freeport-McMoRan (NYSE: FCX) was noted as Cramer's Top Mining & Minerals stock on MAD MONEY.
• GameStop Corp. (NYSE:GME) will replace Dow Jones (NYSE:DJ) in the S&P 500 Index on date TBA.
• Hoku Scientific (NASDAQ: HOKU) shares trading up 35% after it signed a term sheet for financing its Polysilicon Plant in Idaho with $185 million.
• Limited Brands (NYSE: LTD) NOV s-s-s -7%.
• Pacific Sunwear (NASDAQ: PSUN) NOV s-s-s +2.3%.
• Rambus (NASDAQ: RMBS) rose 1.7% to $20.19 as SEC dropped options investigation with no action recommended.
• Sierra Pacific (NYSE: SRP) filed to sell 12 million shares in a secondary.
• Toll Brothers (NYSE: TOL) reported its first quarterly loss in two decades; EPS were -$0.52 versus -$0.47 estimates.
• VF Corp. (NYSE: VFC) noted as Buy by Cramer on MAD MONEY.

Jon C. Ogg
December 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Pre-Market Stock News (December 5, 2007)

This not all of the big stock news in pre-market trading on Tuesday evening, but these are some of the ones that 247WallSt.com is focusing on.

• Adolor (NASDAQ:ADLR) in pain treatment collaboration pact with Pfizer.
• AECOM (NYSE:ACM) announced a $63.6 million DOD contract for support services in Iraq.
• Blyth Industries (NYSE:BTH) $0.24 EPS vs. $0.12 estimates.
• Comcast (NASDAQ:CMCSA) down 4% on them cutting cable subscriber growth rates.
• DSW (NYSE:DSW) beat earnings but guidance is light.
• Fannie Mae (NYSE:FNM) cut dividend from $0.50 to $0.35; will sell $7 Billion in securities.
• Goodrich Petroleum (NYSE:GDP) priced 5.8 million shares at $23.50.
• Guess$ (NYSE:GES) $0.62 EPS vs $0.58 est.; raised 2008 and 2009 guidance.
• Hercules Offshore (NASDAQ:HERO) announced a 3-year contract for jackup rigs in India.
• Jones Soda (NASDAQ:JSDA) CEO Van Stolk is stepping down at the end of this year.
• Lexicon Pharma (NASDAQ:LXRX) starts dosing for Phase IIa Trial with LX6171 for Alzheimer's Disease.
• Napster (NASDAQ:NAPS) is launching a new music discovery and listening channel through NTT DoCoMo.
• Raytheon (NYSE:RTN) up marginally after Jim Cramer called it a permanent bullish stock.
• Sohu.com (NASDAQ:SOHU) trading up over 10% after raised guidance.
• Synta Pharma receives (NASDAQ:SNTA) $80 million upfront payment from GlaxoSmithKline.
• United Therapeutics (NASDAQ:UTHR) said its OvaRex MAb trials failed to meet endpoints on ovarian cancer trials.

Jon C. Ogg
December 5, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Pre-Market Stock News (December 4, 2007)

Below are the news items affecting individual stocks in pre-market trading:

• America's Car-Mart Inc. (CRMT) indicated up over 13% after beating earnings estimates.
• Deere (DE) trades ex-split to reflect a 2-1 stock split.
• Dell (DELL) authorized a $10 Billion share buyback plan.
• Dynegy (DYN) announced that its President and COO will retire at year end.
• eBay (EBAY) shares up 0.5% on a Yahoo! collaboration on online auctions.
• H&R Block (HRB) and Cerberus Capital mutually agreed to terminate the sale of Option One Mortgage; HRB shares down over 6% early AM.
• Lehman Brothers (LEH) will take over Van der Moolen's NYSE specialist activities.
• LKQ Corp. (LKQX) trades ex-split to reflect a 2-1 split.
• Merck (MRK) reaffirmed 2007 EPS guidance and it guides In-Line for 2008, although shares are down almost 2% pre-market.
• Orbitz Worldwide (OWW) announced a distribution agreement with Avis.
• Reant-a-Center (RCII) is closing 280 stores.
• R.H. Donnelley (RHD) announced a $100 million stock buyback plan.
• Sanderson Farms $1.18 EPS vs. $1.35 EPS estimates; unsure if comparable.
• TASER (TASR) announced two Follow-On orders.
• Yahoo! (YHOO) trading flat to up marginally after announcing an online auction collaboration with eBay.

Jon C. Ogg
December 4, 2007

Pre-Market Stock News (December 3, 2007)

Below is the top pre-market news out of individual stocks:

• Activision (ATVI) merges with Vivindi's Blizzard (roughly 68% stake) to form giant video game company; ATVI shares up about 26%.
• Bruker BioSciences (BRKR) announced an agreement to acquire the Bruker BioSpin Group for $914 million in cash & stock.
• Citigroup (C) reduced the assets in SIV's to $66 Billion from $83 Billion.
• Dell (DELL) has chosen WPP Group to lead its global advertising and marketing initiatives, which will involve some $1.5 Billion in ad billings spread across many ad companies.
• Ericsson (ERIC) was selected by T- Mobile UK as managed services partner for field operations in the UK.
• First Solar (FSLR) has acquired Turner Renewable Energy for roughly $34 million in stock and cash.
• Goodrich Petroleum (GDP) announced a 5.2 million share public offering.
• JAKKS Pacific (JAKK) said a lawsuit brought by World Wrestling Entertainment will be dismissed.
• Lennar (LEN) and Morgan Stanley Real Estate announced the formation of a strategic land investment venture where Lennar will sell many lots.
• MetLife (MET) issued in-line Q4 guidance, but 2008 EPS $5.90-6.20 versus $6.26 estimates.
• Microchip (MCHP) announced a $900 million convertible debentures offering.
• Motorola (MOT) should be broken up into four companies according to Carl Icahn, who also said that a Zander outing is not close enough to helping the company.
• Pharmacopeia (PCOP) announced additional positive data from Phase 1 multiple ascending dose study of PS433540.
• StemCells (STEM) is exploring an acquisition of progenitor cell therapy.
• Tribune (TRB) shares up 3% after the FCC approved waivers to transfer broadcasting rights to Sam Zell.

Jon C. Ogg
December 3, 2007

Additional Pre-Market Stock News (November 29, 2007) (ENB, EEP, FRED, HNZ, LULU, MHS, MW, VSE, USBE, ULBI, VIP, SIGM)

Below is some of the other top summaries of news we haven't covered this morning:

Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) had a pipeline blow late yesterday that has oil up as much as $4 today; two workers were killed; the explosion and fire on an Enbridge Energy Partners' crude oil pipeline approximately three miles southeast of Enbridge's Clearbrook, Minnesota terminal is apparently one of the Canadian pipelines that comes down to the U.S. and it is a supply risk.
Fred's (FRED) $0.12 EPS after $0.02 "timing event" versus $0.14 estimate; hired Merrill Lynch to help it review strategic alternatives after receiving interest from multiple parties.
HJHeinz (HNZ) $0.71 EPS vs $0.69 est.; put guidance at higher end of range for next quarter.
Lululemon (LULU) trading up 10% after beating earnings and raising guidance.
Medco Health (MHS) announced a 2 for 1 stock split.
Men's Wearhouse (MW) trading down 12% after disappointing earnings.
Sigma Designs (SIGM) traded up 14% after posting $0.79 EPS vs $0.54 estimates.
Ultralife Batteries (ULBI) receive a $2.6 million order from the U.S. Defense Department.
VeraSun Energy (VSE) and US BioEnergy (USBE) are going to merge operations into a single company; USBE shares up 8%.
Vimpel-Comm (VIP) trading up 5% after beating earnings expectations.
WellCare Health Plans, Inc. (WCG) traded up 10% after-hours after announcing that on November 21, it received an executed Contract between the Centers for Medicare & Medicaid Services. This one had been battered after that FBI raid killed the stock in recent weeks.

Jon C. Ogg
November 29, 2007

Pre-Market Stock News (November 27, 2007)

Below is a snapshot of much of the pre-market news moving individual stocks this morning:

• Activision (ATVI) raised guidance on Guitar Hero III sales; stock up 8% pre-market.
• Barrier Therapeutics (BTRX) announced positive results of higher dose escalation clinical safety study with pramiconazole.
• Casual Male (CMRG) indicated lower after missing earnings and guiding lower.
• CIGNA (CI) is acquiring Great-West Healthcare for $1.5 Billion.
• Citigroup (C) sold a $7.5 Billion stake to Abu Dhabi Fund.
• GlobalSantaFe (GSF) has received a subpoena from the SEC seeking documents related to the company's ongoing internal investigation.
• Hydrogenics (HYGS) received a $1.7 million order for three fuel cell hybrid MiniBuses for an Expo in Spain.
• Osiris Therapeutics (OSIR) announced positive one-year data from Chondrogen trial for knee repair in its preparation of adult stem cells formulated for direct injection into the knee.
• Penford Corp (PENX) announced a 2 Million share common stock offering, although this was under the existing shelf offering.
• Pharmacopeia (PCOP) and GlaxoSmithKline identified two new additional lead compounds that will trigger milestone payment of $1 million to Pharmacopeia.
• Qiao Xing (XING) telegraphss medium and long-term business plans and will continue to take steps to ensure growth of 20% to 30% per year for the next 5-years.
• Sepracor (SEPR) announced the completion of its SEC investigation and no enforcement action was recommended.
• Smith & Nephew (SNN) announces precautionary knee recall.
• Staples (SPLS) $0.42 EPS vs $0.40 est.
• Tech Data (TECD) $0.73 EPS vs $0.60 est. (unsure if comparable) sales guidance for Q4 looks a tad light.
• Tenet Healthcare (THC) entered into a new national insurance coverage agreement with UnitedHealthcare (UNH).

Jon C. Ogg
November 27, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Pre-Market Stock News (November 26, 2007)

Affiliated Computer (ACS) announced a $1 Billion share repurchase program.
Alcatel-Lucent (ALU) signed a 750 million Euro package of frame agreements with China Mobile and China Unicom, although some parts of this agreement were already in place.
China Fire & Sec Group (CFSG) announced a $31 million contract with Shougang Jingtang Steel and Iron.
Dr. Reddy's (RDY) and Argenta Discovery announce a major milestone in targeting a novel disease-modifying approach to treat the underlying cause of chronic respiratory diseases.
Genlyte (GLYT) being acquired by Philips Holdings for $95 per share.
Immunicon (IMMC) said that its CellSearch Circulating Tumor Cell Kit received FDA approval for monitoring patients with metastatic colorectal cancer.
Jetblue (JBLU) joined the Orbitz Worldwide network. 
Linktone Ltd. (LTON) is getting an investment proposal from CDC Corp. (CHINA) and Lunar Capital.
Occidental (OXY) announced a major development contract in Libya.
Rio Tinto (RTP) is investing roughly $2.4 Billion in two new iron ore mines in Australia and it is increasing dividend by 30%; after strategic review it is increasing its divestment targets from $10 Billion to $15 Billion.
Schering-Plough (SGP) said its NDA was accepted by FDA for schizophrenia and acute mania treatment.

Jon C. Ogg
November 26, 2007

Business News: What You Missed Thanksgiving & Pre-Black Friday (AKH, GS, GLW, AMZN, NWS, MT, UAUA, URI, GOOG, CDTI)

Air France KLM SA (NYSE:AKH/ADR) shares traded up roughly 7% Thursday after beating earnings from price hikes and fuel hedging.

After United Rentals (NYSE:URI) said it was suing Cerberus on the broken merger, Cerberus is taking its own defensive actions to cap the damages to $100 million.

The O.E.C.D. puts total U.S. write-offs and write-downs at roughly $300 Billion from major U.S. banks, while so far only $50 Billion has been estimated out of major banks as to what may be written down.....Source, New York Times.

UAL Corp. (NASDAQ:UAUA) may be closer to a merger than they led on... source, Business Week.   Business Week also wonders if Google (NASDAQ:GOOG) is winded......and it talks up Clean Diesel Technologies (NASDAQ:CDTI)....

Bond insurer CIFG is being acquired for some $1.5 Billion by Groupe Banque Populaire and Groupe Caisse d’Epargne to take ownership from Natixis..... New York Times ran a story.

ArcelorMittal (NYSE:MT/ADR) confirmed media reports that it is in talks with controlling holders in China Oriental Group Limited on increasing its stake from 28%.

CNET and TechCrunch reported that News Corp. (NYSE:NWS) may acquire social networking site LinkedIn in early 2008.

Amazon.com's (NASDAQ:AMZN) Kindle e-book reader priced at $399.00 is actually sold out already, with a new December 5, 2007 'in-stock' date.

Financial Times reported that Goldman Sachs (NYSE:GS) is trying to raise $4 to $6 Billion for a new stock picking hedge fund... not quant, not computerized... old fashioned stock picking.

Corning (NYSE:GLW) may be one to watch as SAMSUNG is reportedly investing $2.2 Billion to increase its LCD production.

WSJ ASIA: China Railway raised 22.44 billion yuan from its Shanghai initial public offering, after pricing its shares at the top of the indicated price range.

Jon C. Ogg
November 23, 2007

Pre-Market Stock News (November 20, 2007)

Biogen Idec (BIIB) announced an alliance with Neurimmune Therapeutics to develop treatments for Alzheimer's Disease.
BJ's Wholesale (BJ) $0.35 EPS vs $0.33 est.
Blue Coat Systems (BCSI) $0.30 EPS vs $0.24 est.; sees next quarter $0.31 to $0.35 EPS vs. $0.26 est.
DR Horton (DHI) trading up 4% after posting narrower than expected losses at -$0.16 EPS vs -$0.60 EPS; sales down 35%.
Freddie Mac (FRE) posted a $3.29 EPS loss; engaged Goldman Sachs and Lehman to advise on near term financial concerns for capital raising after discussing lower mortgage loan values in its portfolio; apparently considering dividend cut; shares down 6% or more.
Fannie Mae (FNM) trading down 6% with Freddie Mac.
H-P (HPQ) beat earnings and slightly raised guidance; announced an $8 Billion share buyback
JW Nordstom (JWN) beat earnings and raised guidance; stock traded up 10%.
McClatchy Co (MNI) reports that both consolidated advertising and total revenues in October 2007 decreased 9.9%.
New York & Co. (NWY) $0.09 EPS vs $0.07 est; sees next quarter $0.23 to $0.32 EPS vs. $0.30 est.
Retalix (RTLX) $0.23 EPS vs $0.18 est.
Shoe Carnival (SCVL) $0.33 EPS vs $0.32 est.
Van Der Moolen (VDM) announced resignation of COO.
Zale (ZLC) -$0.54 EPS vs -$0.60 est.; sees next quarter $1.87-1.92 EPS vs. $1.80 est.; sees 2008 under plan.

Pre-Market Stock News (November 19, 2007)

Below is the top pre-market news that 24/7 Wall St. is looking at today:

• Knight Capital (NITE) is acquiring EdgeTrade inc. for $29.5 million cash and 2.3 million shares of common stock.
• Lowe's (LOW) 0.43 vs 0.41 est, but lowered guidance for next quarter.
• Melco PBL (MPEL) trading lower after Barron's noted that Macau casinos are bubble valuations.
• Natrol (NTOL) being acquired by Plethico Pharmaceuticals for $4.40 per share.
• Pharmion (PHRM) being acquired for $72.00 by Celgene.
• Quanex (QX) is Spinning-off its building products unit and will merge the remaining company with Gerdau at $39.20 per share.
• Radvision (RVSN) former chairman has bought roughly $2 million in stock.
• Tween Brand (TWB) $0.46 EPS as expected, but lowered guidance.
• Western Union (WU) renewed its agreement with Kroger.
• Wynn Resorts (WYNN) trading lower after Barron's noted that Macau casinos are bubble valuations.
• Xerox (XRX) is resuming its quarterly dividend as part of its ongoing perpetual turnaround plan.

Jon C. Ogg
November 19, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Pre-Market Stock News (November 14, 2007)

Below is some of the top news pre-market:

• Applied Materials (AMAT) reports earnings after close; estimates are $0.29 EPS & R$2.38B.
• BEA Systems (BEAS) said it expects to submit SEC filings tomorrow to regain compliance.
• Canadian Solar (CSIQ) trading up over 25% after beating earnings and raising guidance.
• CDC Corp. (CHINA) announced that its CDC Software expects record revenues this quarter.
• E*Trade (ETFC) trading up another 3% pre-market.
• GigaMedia (GIGM) $0.17 EPS vs $0.14 est.
• HSBC Holdings plc (HBC) taking a $3.4 Billion charge on bad loans in U.S.
• Meridian BioScience (VIVO) $0.16 EPS vs $0.15 est.
• MetroPCS (PCS) $0.15 EPS vs $0.13 est.
• Northstar Neuroscience (NSTR) now expects to unblind EVEREST data and announce primary endpoint results in Jan-2008 and submit PMA early in Q2-2008; for stroke motor recovery and its planned PMA submission; after FDA communications.
• Pepsico (PEP) reaffirmed guidance of $3.39 EPS for 2007 and cash flows of $7 Billion.
• Qualcomm (QCOM) hosts its analyst day, Dutch court dismissed one of Nokia's patent claims against Qualcomm; announced acquisition of Firethorn for mobile banking.
• Rigel Pharms (RIGL) said that Merck-Serono exercised an option to R763/AS703569 and Aurora Kinase inhibitors in Japan.
• Rockwell Collins (COL) increased its buyback plan by $300 million.
• Taser (TASR) reported 3 large orders that will ship this quarter.

Jon C. Ogg
November 14, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Pre-Market Stock News (November 9, 2007)

• Allscripts (MDRX) traded down 25% after missing earnings estimates and after lower guidance for 2007 and 2008.
• American Tower (AMT) replacing Alltel (AT) in S&P.
• ARM Holdings plc (ARMHY) trading down about 4% pre-market.
• Barclays (BCS) trading down 4% over rumors of credit losses and rumors of excutive departures.
• Clearwire's (CLWR) WiMAX offering with Sprint is being called off; shares down 15%.
• Estee Lauder (EL) named new head from P&G; raised dividend and announced a share buyback.
• IMAX (IMAX) -$0.19 EPS vs -$0.07 est.
• JA Solar (JASO) traded up 5% after earnings.
• Jones Soda (JSDA) traded down 15% after earnings
• Manitowoc (MTW) being added to S&P.
• Merck (MRK) settling about 1/3 of outstanding lawsuits on Vioxx for some $4.5 Billion.
• Mirants (MIR) $1.14 EPS vs $0.84 est.; announced a $1 Billion share buyback.
• NVIDIA (NVDA) traded up 6% after earnings and guidance, but shares were initially down in after-hours trading.
• Priceline (PCLN) trading up over 10% after beating earnings.
• Qualcomm (QCOM) trading down 7% after guidance disappointed.
• Siemens (SI) announced a multi-billion Euro buyback in shares.
• Starwood (HOT) raised dividend to rate of $0.90/year and added $1 Billion to share buybacks.
• Wachovia (WB) taking a $1.1 Billion writedown on CDO's; stock down 3%.

Jon C. Ogg
November 9, 2007

Pre-market Stock News (November 7, 2007)

• Blue Nile (NILE) trading up almost 10% after earnings.
• CDC Corp.'s (CHINA) China.com subsidiar signed an advertising contract with Giant Interactive Group (GA), one of China's leading online game developers.
• Devon Energy (DVN) $1.55 EPS vs $1.40 est.
• DollarThrifty (DTG) $1.16 EPS vs $1.17 est.; guidance looked soft.
• Fluor (FLR) $1.02 EPS vs $1.09 est.; backlog up 41%.
• Ford (F) trading down 2% in conjunction with GM losses; Ford posts earnings Thursday.
• Foster Wheeler (FWLT) approved a 2-1 stock split.
• General Motors (GM) traded down 8% after posting huge charges and wider losses.
• Geron (GERN) says data show its cell-based therapeutic for spinal cord injury survives and exhibits remyelination for at least nine months following injection; shares up 2%.
• Health Care (HCN) To Replace Ceridian (CEN) in S&P MidCap 400 Index.
• Inspire Pharma (ISPH) -$0.32 EPs vs -$0.37 est.
• Melco PBL Ent. (MPEL) says Macau City of Dreams remains on budget and on-time.
• MEMC Electonic (WFR) noted by Cramer as his favorite stock in alternative energy related stocks.
• Microsoft (MSFT) fired its Chief Information Officer after violating company policies.
• NASDAQ (NDAQ) confirmed a $652 million buyout of Philadelphia exchange for some $652 million purchase price in a deal that will close in early 2008.
• NuStar Energy (NS) $0.81 EPS vs $0.77 est.
• Time Warner Cable (TWC) $0.25 EPS vs $0.27 est.
• Time Warner inc. (TWX) $0.24 EPS vs $0.24 est.; reaffirmed 2007 target, although it may be $0.01 under consensus EPS.

Jon C. Ogg
November 7, 2007

Pre-Market Stock News (November 6, 2007)

• Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est.
• Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est.
• Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%.
• Church & Dwight (CHD) $0.69 EPS vs. $0.589 est.; sees 2007 EPS $2.42-2.44 vs. $2.36 consensus.
• Cooper Tire (CTB) $0.28 EPS vs $0.30 est.
• El Paso (EP) $0.22 EPS vs $0.23 est.
• Emerson (EMR) $0.78 EPS vs $0.75 est.
• Environmental Tectonics' (ETC) Aeromedical division won two new contract awards in Middle-East worth a total of $20 million.
• Fuel-Tech (FTEK) $0.04 EPS vs. $0.06 est.; sees 2007 revenues $76-79 million vs. $79.7 million est.
• Gerdau AmeriSteel (GNA) $0.40 EPS vs $0.42 est.
• Google (GOOG) up $25 on analyst Sanford Bernstein raised target to $850.
• International Securities Exchange (ISE) $0.62 EPS vs $0.53 est.
• Kellwood (KWD) sets 2008 targets of $1.55 billion revenue from operations and sees $1.50 EPS.
• K-Swiss (KSWS) $0.36 EPS vs $0.34 est.
• Momenta Pharma (MNTA) announced FDA letter received says its M-Enoxaparin ANDA is NOT Approvable in current form.
• Nortel Networks (NT) $0.05 EPS after charges vs. $0.11 est.; Revenues $2.71 Billion vs. $2.77 Billion est.
• PetroQuest (PQ) $0.16 EPS vs. $0.14 est.
• PowerSecure $0.15 EPS vs. $0.17 est.
• QLogic (QLGC) announced a $200 million share buyback plan.
• Sun Micro (JAVA) up 1.5% after earnings, despite lackluster report.
• TheStreet.com (TSCM) $0.13 EPS vs $0.12 est.; Revenues $16.1 million vs. $16.3M est.
• Urban Outfitters (URBN) sees revenues for Q3 at $379.3 million versus $374.5 million est.; s-s-s +8% for the quarter.
• Valero (VLO) $1.40 EPS vs $1.35 est., but had lowered preliminary numbers.
• Watson Pharma (WPI) $0.33 EPs vs $0.30 est.

Jon C. Ogg
November 6, 2007

Pre-Market Stock News (November 5, 2007)

(ABT) Abbott's investigational SIMCOR offers similar LDL lowering to simvastatin and significantly raises HDL and lowers triglycerides in Phase III studies.
(AVGN) Avigen's AV411 shows promising initial results for neuropathic pain in study.
(AVP) Avon featured positively by Jim Cramer on CNBC's Mad Money.
(BKC) Burger King $0.35 EPS vs $0.34 est.
(BLDP) Ballard Power confirmed reports that it has been reviewing strategic alternatives with regard to its automotive fuel cell assets due to the lengthy projected timeline to commercialization and high cost of development.
(BSX) Boston Scientific announces sale of Cardiac Surgery and Vascular Surgery businesses for roughly $750 million.
(C) Citigroup's Chuck Prince is FINALLY out, Rubin named Chairman; Citigroup will take another major writedown; restated Q3 lower to $0.44 vs $0.47 prior.
(CLX) Clorox featured positively by Jim Cramer on CNBC's Mad Money.
(ECA) EnCana paid $2.55 Billion to acquire the other interest in its Deep Bossier natural gas and land interests.
(ETR) Entergy $2.30 EPS vs $2.17 est.
(F) Ford and UAW reached tentative agreement on new national labor agreement.
(HGSI) Human Genome Sciences showed positive Phase IIb hepatitis C data.
(LLY) Eli Lilly showed its clotting drug works better than Plavix, but more bleeding is a risk.
(MESA) Mesa Air appoints interim CFO.
(MVL) Marvel Enterprises $0.45 EPS vs $0.29 est.; raised guidance; Sees 2008 $1.30-1.50 vs $1.26 est.
(MRK) Merck showed more positive data on GARDASIL.
(NAT) Nordic American Tanker missed earnings after one-time drydocking and repair charges.
(NOVC) NOVACEA halted its ASCENT-2 Phase III trial in its lead product candidate for advanced prostate cancer because of imbalance in deaths in trial arms.
(NUS) Nu Skin $0.26 EPS vs $0.24 est.; lowered next quarter guidance; increases share buyback plan to $100 million.
(OMRI) Omrix Biopharma $0.21 EPS vs $0.13 est; raised sales guidance.
(SYY) Sysco Foods $0.43 EPS vs $0.41 est.
(WCG) WellCare trading up 35% after preliminary results were filed, Jefferies upgrade.

Jon C. Ogg
November 5, 2007

Pre-Market Earnings Gappers (November 2, 2007)

(ALY) Allis-Chalmers $0.37 EPS vs $0.36 est.
(ASVI) A.S.V. Inc. $0.13 EPS vs $0.19 est.
(BEBE) bebe stores traded up 3% despite slight revenue miss.
(CBB) Cincinnati Bell $0.09 EPS vs $0.08 est.
(CI) CIGNA $1.14 EPS vs $0.93 est.
(DUK) Duke Energy $0.48 EPS vs $0.39 est.
(ENCY) Encysive -$0.32 EPS vs -$0.31 est.
(ERTS) Electronic Arts trading up 3% after beating earnings.
(GYI) Getty Images traded up 5% after earnings.
(HAIN) Hain Celestial rose almost 5% after beating earnings expectations.
(HIMX) HIMAX trading up 7% after earnings.
(IP) International Paper $0.57 EP vs $0.57 est.
(ITRI) Itron trading down 11% after earnings.
(LVS) Las Vegas Sands trading down $16+ to $109 pre-market on net loss.
(MSO) Martha Stewart Enterprises -$0.08 EPS vs -$0.13 est.
(NI) NIsource $0.08 EPS vs $0.10 est.
(NTLS) NETELOS $0.18 EPS vs $0.14 est.
(NYX) NYSE $0.76 EPS vs. $0.73 est.
(OMG) OM Group $1.30 EPS vs $1.17 est.
(RDEN) Elizabeth Arden $0.04 EPS vs -$0.05 est.; sees Q2 $1.11-1.16 vs $1.21 est.
(SGMS) Scientific Games down 4% after earnings.
(SYNA) Synaptics traded up 10% after beating earnings expectations.
(VCLK) ValueClick trading down 0.5% after lackluster earnings.
(VIA) Viacom $0.65 vs 0.60

Pre-Market Stock News (November 1, 2007)

(AIZ) Assurant $1.63 EPS vs $1.30 est.
(BABY) Natus $0.14 EPS vs $0.13 est.
(BDX) Becton Dickinson $0.98 EPS vs $0.97 est.
(BPUR) Biopure raised $13 million in stock and warrant offering.
(C) Citigroup trading down 1.6% after downgrade and worries on dividend cut.
(CLI) Mack-Cali Realty $0.93 FFO vs $0.87 est.
(CNQ) Candian Natural Resources $1.19 EPS vs. $0.97 est.
(CPSL) China Precision Steel raised $47.9 million in financing.
(CROX) CROCS traded down 20% after beating earnings but guidance is too in-line.
(DVAX) Dynavax and Merck announce partnership to develop HEPLISAV, an investigational hepatitis B vaccine currently in Phase III trials; Dynavax will receive $31.5 million upfront payment and will be eligible to receive up to $105 in development and sales milestones. 
(EDO) EDO Corp. $0.30 EPS vs $0.40 est.
(EK) Eastman Kodak
(ENOC) EnerNOC -$0.14 EPS vs -$0.24 est.
(FDP) Fresh DelMonte announced 12 million share offering (5 million sold by the company) along with earnings.
(GAS) NICOR $0.32 EPS vs. $0.32 est.
(GWR) Gennessee & Wyoming $0.43 EPS vs $0.40 est.
(HLIT) Harmonic priced a 12.5M share secondary at $12.00.
(HZO) Marine Max $0.35 EPS vs $0.20 est.
(ITWO) i2 $0.24 EPS vs $0.12 est.
(JDSU) JDS Uniphase indicated down over 1% after headline EPS was above plan but revenues ahead were at lower end of range.
(KBR) KBR Inc. $0.35 EPS vs $0.31 est.
(LB) LaBarge $0.16 EPS vs $0.16 est.
(MHS) MEdco Health $0.88 EPS vs $0.79 est.
(MYGN) Myriad Genetics -$0.18 EPS vs -$0.23 est.
(NMX) NYMEX $0.66 EPS vs $0.64 est.
(NSR) Neustar $0.38 EPS vs $0.28 est.; guided Q4 in-line, but lower on 2008 projections.
(NSTK) Nastech Pharmaceutical traded up after Cramer defensed prior day's weakness on CNBC and interview CEO.
(OSK) Oshkosh $1.14 EPS vs $1.07 est.
(PLXS) Plexus shares traded up over 15% after earnings.
(POSH) BabyUniverse changing to ticker KIDSnext Monday.
(RATE) Bankrate $0.39 EPS vs $0.35 est.; put guidance at lower-end of $95-$100M revenues vs $97.75 est.
(RMBS) Rambus -$0.06 EPS vs $0.02 est.
(S) Sprint Nextel $0.23 EPS vs $0.22 est.
(SBUX) Starbucks has launched bottled frappucino coffee beverages in China.
(SFY) Swift Energy $1.38 EPS vs $1.34 est.
(SMSI) Smith Micro lost almost 20% after earnings.
(STRA) Strayer Education $0.64 EPS vs $0.61 est.; sees Q4 $1.29-1.31 vs $1.33 est.; announced $2.00 special dividend.
(TGP) Teekay LNG Partners $0.24 EPS vs $0.26 est.
(TOO) Teekay Offshore $0.33 EPS vs $0.27 est.
(UNM) UNUM Group rose over 7% after beating earnings and raising 2007 guidance.

Jon C. Ogg
November 1, 2007

Pre-Market Stock News (October 30, 2007)

(ADP) Automatic Data $0.45 EPS vs $0.43 est.
(BEAV) BE Aerospace $0.48 EPS vs $0.41 est.; stock indicated up $1.00 pre-market.
(CL) Colgate Polmolive $0.86 EPS vs. $0.85 est.
(COCO) Corinthian Colleges $0.05 EPS vs $0.05 est.
(CRDN) Ceradyne $1.16 EPS vs $1.36 est, but may have charges in that number; stock lower by 2%.
(EFJI) EFJ in pact with Cisco to combine Cisco IP Interoperability & Collab. Systems with land mobile radio solutions.
(ENZN) Enzon -$0.03 EPS vs -$0.04 est.
(FPL) FPL Group $1.23 EPS vs $1.22 est.
(GOOG) Google's G-Phone supposedly coming to market by mid-2008.
(GT) Goodyear Tire & Rubber $0.67 EPS vs $0.53 est.
(HERO) Hercules Offshore $0.61 EPS vs $0.53 est.
(LIZ) Liz Claiborne $0.63 EPS vs. $0.71 est.; stock down over 4% pre-market.
(MEDX) Medarex and partner Ono announced allowance of Investigational New Drug Application for fully human anti-PD1 antibody.
(NVS) Novartis gets FDA approval for cancer drug.
(ONN) ON Semiconductor $0.20 EPS vs $0.22 est.
(PBI) Pitney Bowes $0.63 EPS vs $0.74 est.
(PG) P&G $0.90 EPS vs $0.89 est.
(PRXI) Premier Exhibitions subsidiary RMS Titanic Inc filed for a salvage award on Titanic recovery efforts; also buying back 1 million shares of common stock.
(RAIL) FreightCar America $0.73 EPS vs $0.53 est.
(SAF) SAFECO. $1.51 EPS vs $1.54 est.
(SIRI) SIRIUS Satellite Radio -$0.08 EPS vs. -$0.08 est.; subscribers hit 7.7 million.
(SOHU) Sohu.com traded up 10% after beating earnings and raising guidance.
(TLF) Tandy Leather lowered guidance.
(UA) Under Armour $0.40 EPS vs $0.34 est., but revenues were light; stock indicated down 4%.
(VTAL) Vital Images $0.05 EPS vs $0.05 est.
(X) U.S. Steel $2.50 EPS vs $2.63 est., but net after 3 line-items was $2.27.; cautious comments on seasonality in Q4.; stock indicated down 5%.

Pre-Market Stock News (October 29, 2007)

(ALJ) Alon USA lowered guidance.
(ARLP) Alliance Resource $0.83 EPS vs $0.78 est.
(ARXT) Adams Respiratory received FDA Approvable Letter for Mucinex With Codeine; expects FY08 net sales and EPS to be at the higher end of ranges.
(DCO) Ducommun $0.55 EPS vs $0.45 est.
(DJO) DJ Orthopedics $0.34 EPS vs $0.39 est.
(ENTG) Entegris $0.10 EPS vs $0.06 est., but lowered next quarter to $0.05-0.07 vs $0.09 est.
(GPS) Gap Inc. will convene Indian suppliers to reiterate prohibition of child labor after The Observer (UK) found children as young as 10 making clothes at a sweat shop in New Delhi.
(GW) Grey Wolf $0.17 EPS vs $0.18 est.
(HTZ) Hertz Global $0.65 EPS vs $0.58 est; sees upside to 2007.
(HUM) Humana trading up over 5% after beating estimates.
(KEG) Key Energy added 4300 million into a stock buyback plan.
(MER) Merrill Lynch CEO Stan Oneal is out, it appears.
(MRT) Morton's Restaurant Group -$0.04 EPS vs -$0.04 est.
(NTE) Nam Tai Electronics beat earnings in Japan, but gave cautionary statements about environment.
(OSIS) OSI Systems awarded $14.0 mln phase 3 contract from EDO Corp.
(RSH) RadioShack $0.34 EPS vs $0.26 est.
(SCHN) Schnitzer Steel $1.28 EPS vs $1.21 est.
(SPG) Simon Properties $1.46 FFO vs. $1.42 est.
(SRP) Sierra Pacific $0.69 EPS vs $0.60 est.
(TSO) Tesoro said it will review tha Tracinda offer and provide a recommendation after the review.
(VMW) VMware up 1% on US Marine delpoyment of VMware.
(VZ) Verizon $0.63 EPS vs $0.62 estimates; added 202K net FiOS customers; raised buyback by $2.5 Billion; 1.8 million net wireless adds; Revenue rose to $23.77 Billion vers $23.67 Billion estimates.
(WINN) Winn-Dixie -$0.01 EPS vs -$0.22 est.

Jon C. Ogg
October 29, 2007

Pre-Market Earnings Movers (October 26, 2007)

(BEAS) BEA Systems trading down almost 4% ahead of Oracle rejected BEA Systems' $21 indication.
(CFC) Countrywide -$2.85 EPS vs -$1.28 est., but shares indicated up over 10% on writedowns.
(COLM) Columbia Sportswear indicated down marginally after slightly beating earnings.
(DELL) Dell trading up 2% after strong Microsoft numbers.
(FDRY) Foundry Networks trading up 8% after beating earnings estimates.
(FMD) First Marblehead trading up almost 5% after earnings.
(FO) Fortune Brands $1.35 EPS vs $1.29 est.
(MSFT) Microsoft traded up to over $35 after beating earnings and raising guidance.
(PANC) Panacos trading up 20% on HIV trials meeting endpoints.
(SWIR) Sierra Wireless trading up 12% after beating earnings and raised guidance.
(TRID) Trident Micro trading down almost 30% on earnings outlook and on downgrades.
(VG) Vonage Settled with Verizon.
(VSEA) Varian Semiconductor trading down 14%; earnings were strong but guidance was weak.
(WB) Wachovia was reportedly approached about a merger by Merrill Lynch.

Jon C. Ogg
October 26, 2007