Tuesday, January 30, 2007

3M Falls Short

3M Co. (MMM) disappointed with fourth quarter earnings of $1.57 per share compared with 97 cents per share a year earlier, 4 cents short of expectations. The stock price tumbled $3.61 to $75.35.

UnumProvident's Earnings Surge

UnumProvident Corp. (UNM) beat expectations with fourth quarter earnings that surged to 80 cents per share from 43 cents per share last year. The stock price rose $1.98 to $21.91.

Lexmark's Forecast Disappoints

Lexmark International Inc. (LXK) reported strong fourth quarter earnings of 91 cents per share compared with 71 cents per share a year earlier but the stock price plunged $4.72 to $61.88 after the printer maker forecast first quarter results below expectations.

Downgrade Sends NutriSystem Tumbling

Shares of NutriSystem Inc. (NTRI) continued to fall by tumbling $5.44 to $52.40 after an analyst downgrade last week.

Icahn Seeks Motorola Board Seat

Billionaire investor Carl Icahn is seeking a seat on Motorola Inc.'s (MOT) board. The stock price climbed $1.25 to $19.56.

Align Beats Expectations

While Align Technology Inc. (ALGN) swung to a fourth quarter loss of 27 cents per share from earnings of a penny per share in the year ago period, the results beat expectations prompting the company to forecast 2007 earnings ahead of expectations. Shares of the invisible braces maker surged $2.92 to $16.69.

Monday, January 29, 2007

Merrill Lynch To Buy First Republic Bank

First Republic Bank (FRC) will be acquired by Merrill Lynch & Co. (MER). Shares of First Republic leaped $15.33 to close at $53.63 while Merrill Lynch stock lost $2.14 to close at $92.39.

Bowater And Abitibi-Consolidated Merge

Bowater Inc. (BOW) will merge with competitor Abitibi-Consolidated Inc. (ABY). Bowater stock surged $5.29 to close at $27.44 while shares of Abitibi-Consolidated added 69 cents to close at $3.33.

Management To Take Laureate Private

Laureate Education Inc. (LAUR) agreed to be taken private by its management team. The stock price jumped $6.39 to close at $60.80.

Symantec To Buy Altiris

Symantec Corp. (SYMC) will spend about $830 million to buy Altiris Inc. (ATRS). Shares of Symantec eased 25 cents to close at $17.52 while Altiris stock surged $5.41 to close at $32.55.

Synagro To Go Private

A private equity firm will purchase Synagro Technologies Inc. (SYGR) for approximately $462 million sending the stock price soaring $1.24 to close at $5.72.

MDS To Acquire Molecular Devices

Molecular Devices Corp. (MDCC) will be acquired by MDS Inc. (MDZ) for $615 million in cash. Shares of Molecular Devices leaped $11.19 to close at $35.07 while MDS stock edged up 21 cents to close at $17.31.

Friday, January 26, 2007

Synaptics Expects Margin To Decline

While second quarter earnings for Synaptics Inc. (SYNA) nearly doubled to 32 cents per share from 18 cents per share in the year ago period, the company expects gross margin to decline sending the stock price tumbling $3.52 to close at $27.13.

Novelis May Sell Itself

Novelis Inc. (NVL) engaged in discussions for the possible sale of the company. The stock price surged $7.17 to close at $37.30.

Cash America's Forecast Disappoints

Cash America International Inc. (CSH) forecast first quarter results below expectations. The stock price plunged $4.04 to close at $40.10.

LECG Slashes Outlook

LECG Corp. (XPRT) slashed both its fourth quarter outlook as well as its full year forecast. The stock price plunged $4.24 to close at $14.13.

MEMC Earnings More Than Double

Fourth quarter earnings more than doubled to 56 cents per share from 22 cents per share in the year ago period for MEMC Electronic Materials Inc. (WFR). The stock price leaped $8.59 to close at $52.21.

Zanett Wins Government Contract

Zanett Inc. (ZANE) won a government contract to provide information technology services to Homeland Security sending the stock price soaring 74 cents to close at $2.10.

Thursday, January 25, 2007

21st Century Receives Buyout Bid

21st Century Insurance Group's (TW) largest shareholder offered to purchase the entire company for approximately $690 million. Shares of the car insurance company leaped $4.34 to close at $20.93.

Earnings Drop For Avocent

Fourth quarter earnings fell to 33 cents per share from 38 cents per share a year earlier for Avocent Corp. (AVCT) due to stock option expenses and amortization charges. The stock price plunged $1.08 to close at $32.55.

Plexus' Forecast Disappoints

Plexus Corp. (PLXS) forecast second quarter results below expectations. The stock price plunged $3.04 to close at $18.18.

Charlotte Russe Downgraded

Roth Capital Partners downgraded Charlotte Russe Holding Inc. (CHIC) after the teen retailer forecast disappointing second quarter earnings. The stock price plummeted $3.86 to close at $29.02.

Earnings Rise For EBay

Fourth quarter earnings for eBay rose to 25 cents per share from 20 cents per share in the year ago period, beating expectations. Shares of the online auctioneer jumped $2.45 to close at $32.45.

Trident Upgraded

Prudential Equity Group analyst Mark Lipacis upgraded Trident Microsystems Inc. (TRID) and lifted his price target for the chipmaker sending the stock price surging $2.59 to close at $20.86.

Wednesday, January 24, 2007

Earnings Surge For AmerisourceBergen

First quarter earnings surged to 63 cents per share from 46 cents per share a year earlier for AmerisourceBergen Corp. (ABC) prompting the pharmaceutical services firm to raise its 2007 forecast. The stock price leaped $3.89 to close at $51.96.

Conolog Receives Testing Approval

Conolog Corp. (CNLG) received final testing approval for its substation communication system for telephone, radio and microwave transmissions. The stock price nearly doubled by jumping $1.58 to close at $3.42.

Seagate Beats Expectations

Strong demand for Seagate Technology's (STX) hard drives and improving margins helped the company beat expectations with second quarter earnings of 23 cents per share compared with 57 cents per share in the year ago period. Shares of the disk drive maker climbed $2.17 to close at $28.35.

Corning Reverses Losses

Corning Inc. (GLW) reported higher profit of 41 cents per share compared with a loss of 2 cents per share a year earlier due to strong demand for specialty glass used for flat screen TVs. The stock price surged $2.06 to close at $20.90.

Oritani Surges In Debut

New Jersey-based Oritani Financial (ORIT) made its debut by leaping $5.97 to close at $15.97.

Hyperion Forecast Surpasses Expectations

Hyperion Solutions Corp. (HYSL) forecast 2007 results above expectations sending the stock price surging $5.99 to close at $40.41.

Tuesday, January 23, 2007

AeroVironment Surges In Debut

Shares of AeroVironment Inc. (AVAV) surged $6.93 to close at $23.93 in its market debut.

StarTek Warns Of Earnings Miss

StarTek Inc. (SRT) warned that fourth quarter results will fall short of expectations sending the stock price plunging $3.28 to close at $9.46.

Monday, January 22, 2007

Central Garden Slashes Outlook

Central Garden & Pet Co. (CENT) slashed its first quarter outlook and now expects to report a loss. The stock price plummeted $5.89 to close at $42.90.

Barron's Says Under Armour Over Valued

A Barron's article said that Under Armour Inc.'s (UA) stock may be over inflated sending the stock price plunging $3.99 to close at $47.08.

Eaton's Sales Falls Short

While fourth quarter earnings rose to $1.59 per share from $1.38 per share a year earlier for Eaton Corp. (ETN), sales fell short of expectations.

Judge Rules Against Star Scientific

A judge ruled against Star Scientific Inc. (STSI) in the company's patent infringement lawsuit against R. J. Reynolds. Star Scientific stock lost 54 cents to close at $1.16 while shares of Reynolds American Inc. (RAI), parent company of R. J. Reynolds, rose 52 cents to close at $64.28.

Swift To Be Acquired

Swift Transportation Co. Inc. (SWFT) will be acquired for approximately $2.36 billion. The stock price soared $2.52 to close at $30.26.

Hopes For Renewable Energy Endorsement Lifts Pacific Ethanol

Shares of Pacific Ethanol Inc. (PEIX) rose $1.19 to close at $16.82 over expectations that President Bush would highlight renewable energy in his State of the Union address tomorrow.

Friday, January 19, 2007

Coldwater Creek Slashes Outlook

Disappointing sales prompted Coldwater Creek Inc. (CWTR) to slash its fourth quarter outlook sending the stock price tumbling $2.91 to close at $20.70.

Whittier Energy To Be Acquired

Whittier Energy Corp. (WHIT) will be acquired by Sterling Energy for approximately $145 million. The stock price soared $1.98 to close at $10.71.

IBM's Hardware Revenue Falls Short

While fourth quarter earnings climbed to $2.31 per share from $1.99 per share a year earlier for International Business Machines Corp. (IBM), revenue from its hardware business disappointed sending the stock price tumbling $3.28 to close at $96.17.

Earnings Surge For Schlumberger

Fourth quarter earnings surged to 92 cents per share from 54 cents per share in the year ago period for Schlumberger as prices rose. Shares of the oilfield services provider soared $3.10 to close at $61.00.

JDS Lifts Forecast

JDS Uniphase Corp. (JDSU) lifted its second quarter forecast sending the stock price up $1.53 to close at $17.32.

Thursday, January 18, 2007

NVE Revenue Disappoints

While third quarter earnings surged to 22 cents per share from 9 cents per share for NVE Corp. (NVEC), contract research and development revenue tumbled sending the stock price plummeting $7.20 to close at $22.35.

Apple's Forecast Falls Short

Apple Inc. (AAPL) forecast second quarter results below expectations sending the stock price plummeting $5.88 to close at $89.07.

Knight Capital Disappoints

Although Knight Capital Group Inc. (NITE) reported fourth quarter earnings that rose to 45 cents per share from 41 cents per share a year earlier, the results disappointed sending the stock price plunging $3.03 to close at $18.43.

Shipments To Fall For Lam Research

Lam Research Corp. (LRCX) warned of lower shipments prompting downgrades. The stock price plummeted $7.91 to close at $46.22.

Spin-Off Rumor Lifts Ceridian

Rumors that Ceridian Corp. (CEN) may spin-off its Comdata unit lifted the stock $1.35 to close at $29.41.

Hoku Signs $370 Million Contract

Hoku Scientific Inc. (HOKU) signed a 7-year contract worth approximately $370 million to provide Sanyo with polysilicon. The stock price vaulted $3.80 to close at $6.90.

Wednesday, January 17, 2007

XM, Sirius Merger Not Possible

The Federal Communications Commission said that a merger between XM Satellite Radio Holdings Inc. (XMSR) and Sirius Satellite Radio Inc. (SIRI) would be impossible due to a provision in licenses held by the two. Shares of XM dropped $1.69 to close at $15.45 while Sirius stock lost 29 cents to close at $3.86.

Blackbaud's Forecast Disappoints

Blackbaud Inc. (BLKB) purchased two privately held companies and forecast fourth quarter results below expectations. The stock price plunged $2.45 to close at $22.45.

UST Downgraded

UBS analyst Nik Modi cited valuation concerns for downgrading UST Inc. (UST). The stock price fell $2.20 to close at $55.81.

Rackable Systems Will Fall Short

Rackable Systems Inc. (RACK) warned that fourth quarter results will fall short of expectations due to disappointing sales sending the stock price plummeting $12.44 to close at $19.98.

Iomai Receives $128 Million Contract

Iomai Corp. (IOMI) received a $128 million government contract to develop a dose-sparing skin patch to be used with a flu vaccine. The stock price rose 78 cents to close at $5.88.

Star Scientific Awaits Judge's Decision

A judge will rule Friday on three motions in Star Scientific Inc.'s (STSI) patent infringement lawsuit against RJ Reynolds, a unit of Reynolds American (RAI). Shares of Star Scientific leaped $1.01 to close at $4.40 while Reynolds stock eased 88 cents to close at $63.60.

Tuesday, January 16, 2007

Lamson & Sessions Lowers Outlook

Lamson & Sessions Co. (LMS) blamed lower demand for cutting its fourth quarter outlook. The stock price tumbled $1.49 to close at $23.00.

Mills Receives Funding Offer

Mills Corp.'s (MLS) largest shareholder offered $499 million to increase its stake in the company sending the stock price soaring $2.56 to close at $17.77.

Moog To Acquire Zevex

On Friday, Zevex International Inc. (ZVXI) announced that the company will be acquired by Moog Inc. (MOG.A) for approximately $83.8 million. Shares of Zevex surged $3.39 to close at $12.76 while Moog stock lost 54 cents to close at $37.31.

Symantec Will Fall Short

Symantec Corp. (SYMC) expected to miss forecasts as the Internet security and software company failed to close several key deals. The stock price dropped $2.69 to close at $17.79.

Negative Coverage Of InnerWorkings

Innerworkings Inc. (INWK) received negative coverage on Barron's about the printing procurement company's software sending the stock price tumbling $2.19 to close at $14.01.

SiRF Downgraded

An analyst downgraded SiRF Technology Holdings Inc. (SIRF) saying that the company's first quarter earnings expectations may be too ambitious. The stock price fell $2.45 to close at $25.68.

Friday, January 12, 2007

RC2 Warns Of Earnings Shortfall

RC2 Corp. (RCRC) warned that 2006 earnings would fall far short of expectations due to slow sales sending the stock price plummeting $5.22 to close at $39.31.

Rumor Of Buyout Lifts Tenaris

Rumors that Tenaris SA (TS) received a buyout offer lifted shares of the steel pipe manufacturer $2.71 to close at $50.35.

Earnings Plunge For CalAmp

Third quarter earnings for CalAmp Corp. (CAMP) plunged to 4 cents per share from 23 cents per share in the year ago period as expenses rose. The stock price eased 62 cents to $7.45.

AMD Warns Of Revenue Miss

Advanced Micro Devices Inc. (AMD) warned that fourth quarter revenue will miss targets. The stock price fell $1.92 to close at $18.26.

Pool Cuts Forecast

Pool Corp. (POOL) blamed lower margins for cutting its 2006 forecast as well as its 2007 outlook sending the stock price plunging $4.23 to close at $36.35.

Owens-Illinois May Sell Packaging Unit

Owens-Illinois Inc. (OI) retained the services of Goldman Sachs to explore the possible sales of its plastics packaging business. The stock price rose $1.41 to close at $21.55.

Thursday, January 11, 2007

Motor Home Sales Rise

Thor Industries Inc. (THO) reported a 23% increase in motor home sales in November. The stock price climbed $2.67 to close at $45.92.

Earnings Surge For Genentech

Fourth quarter earnings surged to 55 cents per share from 31 cents per share a year earlier for Genentech Inc. (DNA) prompting the company to forecast continued double digit growth in 2007. The stock price gained $3.66 to close at $87.40.

Hornbeck Slashes Outlook

Hornbeck Offshore Services Inc. (HOS) slashed its fourth quarter outlook sending the stock price plummeting $7.37 to close at $26.14.

BorgWarner's Forecast Impresses

BorgWarner Inc. (BWA) forecast 2007 result above expectations sending the stock price surging $6.28 to close at $65.28.

American Axle Workers Accept Buyout

Nearly 1,500 workers accepted buyout offers and early retirement packages from American Axle & Manufacturing Holdings Inc. (AXL). The stock price climbed $1.30 to close at $18.98.

Cisco Sues Apple

Cisco Systems Inc. (CSCO) filed a trademark infringement suit against Apple Computer Inc. (AAPL) for using the term iPhone which Cisco trademarked. Shares of Cisco edged up a penny to close at $28.69 while Apple stock slipped $1.20 to close at $95.80.

Wednesday, January 10, 2007

Wells Fargo To Acquire Placer Sierra

Placer Sierra Bancshares (PLSB) will be acquired by Wells Fargo & Co. (WFC) in a stock swap deal worth nearly $645 million. Shares of Placer Sierra soared $3.66 to close at $27.19 while Wells Fargo stock eased 11 cents to close at $35.48.

iPhone To Use Synchronoss' Platform

The new Apple (AAPL) iPhone will use Synchronoss Technologies Inc.'s (SNCR) ActivationNow platform. Shares of Synchronoss climbed $2.30 to close at $17.07 while Apple stock surged another $4.43 to close at $97.00.

Double Digit Growth For H&R Block

H&R Block Inc. (HRB) expects double digit growth in the next three years as the company improves margins and expands offerings to its tax clients. The stock price rose 49 cents to close at $23.97.

Option Charge For J2 Global

J2 Global Communications Inc. (JCOM) must take a $3.5 million charge due to stock option grant errors. The stock price plummeted $2.59 to close at $25.07.

NuCO2 Slashes Forecast

NuCO2 Inc. (NUCO) slashed its fiscal 2007 outlook sending its stock price plunging $3.72 to close at $20.15.

Alcoa's Earnings Surge

Strong demand boosted fourth quarter earnings for Alcoa Inc. (AA) to 41 cents per share from 26 cents per share in the year ago period lifting the stock price $1.71 to close at $30.23.

Monday, January 08, 2007

Nautilus Upgraded

Merriman Curhan Ford analyst Eric Wold upgraded Nautilus Inc. (NLS) saying that the fitness equipment maker should meet fourth quarter expectations. The stock price gained $1.82 to close at $15.80.

China Life Surges Ahead Of Shanghai Debut

Shares of China Life Insurance Co. Ltd. (LFC) surged $5.84 to close at $53.91 before its debut on the Shanghai Stock Exchange.

RadioShack Sees Higher Earnings

RadioShack Corp. (RSH) expects fourth quarter results to increase after the company reduced overhead and controlled inventory. The stock price climbed $1.95 to close at $18.76.

Affymetrix Expects To Exceed Expectations

Affymetrix Inc. (AFFX) anticipates fourth quarter revenue to edge past expectations to $100 million. The stock price soared $2.96 to close at $24.68.

MEDecision's Forecast Disappoints

MEDecision Inc. (MEDE) forecast fourth quarter revenue below expectations sending the stock price plummeting $3.99 to close at $5.69.

KLA-Tencor To Buy Therma-Wave

Therma-Wave Inc. (TWAV) agreed to be acquired by KLA-Tencor Corp. (KLAC) for $75 million. Shares of Therma-Wave surged 36 cents to close at $1.61 while KLA-Tencor stock rose 42 cents to close at $50.57.

Friday, January 05, 2007

NeuroMetrix Loses Another Insurer

A third health insurer will no longer cover NeuroMetrix Inc.'s (NURO) hand-held nerve conduction test sending the stock price down $1.81 to close at $12.12.

Herbalife's Outlook Disappoints

Herbalife disappointed by setting modest sales and profit targets for the first quarter. The stock price plummeted $9.56 to close at $29.74.

Motorola Slashes Outlook

Motorola slashed its fourth quarter earnings outlook due to missed revenue targets for its handset sales. The stock price tumbled $1.61 to close at $18.94.

Lenox Lowers Guidance

Lenox Group Inc. (LNX) announced the departure of its CEO while lowering guidance for 2006 sending the stock price plummeting $2.44 to close at $4.19.

U. S. Global Funds Named Top Performers

The Wall Street Journal named three mutual funds from U. S. Global Investors Inc. (GROW) among the top 50 performers in the fourth quarter of 2006. However, the stock price slipped $1.01 to close at $54.54.

Investors Await AtheroGenics' Trial Results

Shares of AtheroGenics Inc. (AGIX) rose as investors await Phase III clinical trial results for the company's experimental heart medication AGI-1067. The stock price climbed $2.34 to close at $12.06.

Thursday, January 04, 2007

Microvision To Introduce New Display

Microvision Inc. (MVIS) will introduce its new ultra-thin full-color display at the Consumer Electronics Show. The stock price soared 67 cents to close at $3.74.

Constellation Brands Falls Short

Third quarter results fell two cents short of expectations for Constellation Brands Inc. (STZ). The world's largest maker of wine reported earnings of 45 cents per share compared with 46 cents per share in the year ago period. The stock price plunged $3.25 to close at $25.15.

Sales Drop For Hot Topic

December same store sales fell 5.1% for Hot Topic Inc. (HOTT) sending shares of the youth apparel retailer tumbling $2.31 to close at $11.23.

Samsung Renews Agreement With Infosonics

Samsung Electronics Argentina S. A. renewed its handset distribution agreement with Infosonics Corp. (IFON) in South America lifting shares of Infosonics 82 cents to close at $5.82.

Bebe Reports Disappointing Sales

December same store sales fell short of expectations for Bebe Stores Inc. (BEBE) prompting the women's clothing retailer to lower its second quarter guidance. The stock price tumbled $1.82 to close at $17.27.

Earnings Rise For AngioDynamics

Second quarter earnings for AngioDynamics Inc. (ANGO) rose to 15 cents per share from 13 cents per share in the year ago period, beating expectations. The stock price surged $3.42 to close at $25.39.

Wednesday, January 03, 2007

EGL Receives Buyout Offer

EGL Inc. (EAGL) chairman and chief executive James R. Crane offered approximately $1.46 billion to take the company private. The stock price leaped $8.07 to $37.85.

Tetra Technologies Warns Of Earnings Miss

Tetra Technologies Inc. (TTI) warned that its fiscal 2006 results would miss expectations sending its stock price plunging $2.68 to $22.90.

Cytokinetics Teams With Amgen

Cytokinetics Inc. (CYTK) teamed with Amgen Inc. (AMGN) to develop drugs for the treatment of heart failure. Shares of Cytokinetics surged $1.05 to $8.53 while Amgen stock added 97 cents to $69.28.