StreetInsider.com News Articles

Top 10 News Items 9/2-9/5: Commodity Stocks Continue Slide; PIMCO's Gross Waits on the Sidelines; Unemployment Rate Jumps to 5-Yr High

Fri, 05 Sep 2008 15:15:41 -0400

This is a recap of this week's major news on Wall Street. 1. Commodity stocks continued to move sharply lower this week. Traders remain concerned with the potential for a global slowdown and the implications that this could have on supply and demand for the commodities group. Adding to the downside, reports on Tuesday that Ospraie, a very large commodities hedge fund, would be closing its main fund sent rumors swirling all around Wall Street as to which hedge fund would be next to close. 2. Appearing on CNBC, PIMCO's Bill Gross said that he is currently waiting on the sidelines and

Trading Radar for 9/8: Finisar (FNSR), K12 (LRN) Report; Consumer Credit for July Due

Fri, 05 Sep 2008 14:29:19 -0400

Intraday or Not Specified: Economics: 3 PM ET

Consumer Credit for July - Street expects $8.5B, compared to $14.3 billion in June

Earnings: K12 (NYSE: LRN) - consensus loss of $0.05, revs $47.75M After Market Closes: Earnings: Finisar (Nasdaq: FNSR) - consensus EPS $0.03, revs $122.85M Mitcham Industries (Nasdaq: MIND) - consensus EPS $0.23, revs $17.68M Subscribe to EasyStockAlerts and get real-time e-mail alerts when news hits your stocks!

Unusual 11 Mid-Day Movers 9/5: SNDK, UST, SIRF, SPNC Higher; PEC, ABM, GBE, SWHC Lower

Fri, 05 Sep 2008 12:32:26 -0400

SankDisk (Nasdaq: SNDK) 27.3% HIGHER; issued a statement in response to rumors, Samsung Electronics is looking to acquire the company. The company said, "SanDisk periodically has conversations with multiple parties, including Samsung." UST (NYSE: UST) 22.5% HIGHER; Altria Group (NYSE: MO) in in advanced talks to buy UST, people with close knowledge of the negotiations said. Terms of a deal could not be learned. SiRF Technology Holdings Inc. (Nasdaq: SIRF) 21.9% HIGHER; is moving higher on speculation the company will announces a patent infringement settlement with Broadcom Corporation (Nasdaq: BRCM). In August, a International Trade Commission judge ruled

Notable Analyst Rating Changes 9/5: UL, MON, NAV, HOS Upgraded; ANF, TJX, AMD, NBR Downgraded

Fri, 05 Sep 2008 10:00:07 -0400

UPGRADES: UBS upgrades Unilever (NYSE: UL) from Sell to Neutral. Credit Suisse upgrades Monsanto (NYSE: MON) from Neutral to Outperform. J.P. Morgan upgrades Navistar (NYSE: NAV) from Neutral to Overweight. Goldman Sachs upgrades Hornbeck Offshore (NYSE: HOS) from Sell to Neutral with a $50 price target. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Citi downgrades Abercrombie & Fitch Co (NYSE: ANF) from Buy to Sell. Price target slashed from $73 to $45. Lehman Bros. downgrades TJX Companies (NYSE: TJX) from Overweight to Equalweight. Merrill Lynch downgrades Advanced Micro Devices (NYSE: AMD) from Neutral to Sell, citing valuation. Goldman Sachs downgrades Nabors (NYSE: NBR) from Buy to

Notable Mergers and Acquisitions of the Day 9/5: MO/UST, SNDK, ABX

Fri, 05 Sep 2008 09:45:45 -0400

According to reports from the New York Times, Altria Group (NYSE: MO) in in advanced talks to buy UST (NYSE: UST), people with close knowledge of the negotiations said. Terms of a deal could not be learned. The article notes the deal could still fall apart, and would be Altria’s first major move since splitting off Philip Morris International (NYSE: PM) in March.
SankDisk (Nasdaq: SNDK) issued a statement in response to rumors, Samsung Electronics is looking to acquire the company. SankDisk said, "SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all

Pre-Open Movers 9/5: SankDisk (SNDK) and UST (UST) Both Up on Takeover Reports; Nokia (NOK) Sinks On Lower Market Share View

Fri, 05 Sep 2008 09:25:34 -0400

StreetInsider.com Pre-Open Movers:

SankDisk (Nasdaq: SNDK) 26% HIGHER; issued a statement in response to rumors, Samsung Electronics is looking to acquire the company. The company said, "SanDisk periodically has conversations with multiple parties, including Samsung."

UST (NYSE: UST) 23% HIGHER; Altria Group (NYSE: MO) in in advanced talks to buy UST, people with close knowledge of the negotiations said. Terms of a deal could not be learned.

Hoku Scientific, Inc. (NASDAQ: HOKU) 15% HIGHER; Hoku and Solargiga Sign Contract Worth Up to $455 Million

Shiloh Industries, Inc. (NASDAQ: SHLO) 15% HIGHER; reports Q3 EPS of $0.18, versus the analyst estimate

After-Hours Movers 9/4: Hoku Scientific (HOKU) Up on Contract, Cascade (CAE) Lower on Results

Thu, 04 Sep 2008 18:14:47 -0400

StreetInsider.com After-Hours Movers:

Hoku Scientific, Inc. (NASDAQ: HOKU) 15% HIGHER; Hoku and Solargiga Sign Contract Worth Up to $455 Million

Martek Biosciences Corporation (Nasdaq: MATK) 8% HIGHER; reports Q3 EPS of $0.28, 4 cents better than the analyst estimate of $0.24. Revenues for the quarter were $88.4 million, versus the consensus of $86.47 million. Martek Biosciences sees Q4 EPS 24-27 cents versus 26 cents consensus. Martek Biosciences sees Q4 revenue $87M-$91M versus $89 million. Martek Biosciences sees FY08 EPS $1.06 to $1.09 versus $1.04. Martek Biosciences sees FY08 $349M-$353M versus $349 million.

Cascade Corporation (NYSE: CAE) 5% LOWER; reports Q2

Trading Radar for 9/5: National Semiconductor (NSM) Reports; Unemployment Rate, Nonfarm Payrolls for August Due

Thu, 04 Sep 2008 14:51:00 -0400

Before Market Opens: Economics: 8:30 AM ET

Nonfarm Payrolls for August - Street expects down 75K, compared to down 51K in July
Unemployment Rate for August - Street expects 5.7%

Earnings: National Semiconductor (NYSE: NSM) - consensus EPS $0.34, revs $469.89M Subscribe to EasyStockAlerts and get real-time e-mail alerts when news hits your stocks!

Unusual 11 Mid-Day Movers 9/4: CAPA, TGIC, HAYZ, PSS Higher; CIEN, VOL, BTH, TEX Lower

Thu, 04 Sep 2008 12:11:05 -0400

Ciena (Nasdaq: CIEN) 25% LOWER; reports Q3 earnings of $0.37 per share, ex-items, in-line with estimates. Revenues came in at $253.2 million, versus the consensus of $253.7 million. Sees Q4 revenues $190-$210 million, versus the consensus of $263 million. Captaris, Inc. (NASDAQ: CAPA) 24% HIGHER; Open Text Corporation (NASDAQ: OTEX) agreed to acquire Captaris, Inc. for $131 million in total, or $4.80 per share. Volt Information Sciences, Inc. (NYSE: VOL) 23.2% LOWER; reports Q3 EPS of $0.18, versus the analyst estimate of $0.34. Revenues for the quarter were $590.6 million, versus the consensus of $645.24 million. Triad Guaranty (Nasdaq:

Notable Analyst Rating Changes 9/4: SAI, STLD Upgraded; MRVL, LM, FRX Downgraded

Thu, 04 Sep 2008 10:11:15 -0400

UPGRADES: Wachovia Securities upgrades SAIC (NYSE: SAI) to Outperform. Valuation range between $23-25. Goldman Sachs upgrades Steel Dynamics Inc. (Nasdaq: STLD) from Neutral to Buy. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Deutsche Bank downgrades Marvell Technology (Nasdaq: MRVL) from Buy to Hold, saying no near-term upside likely. Credit Suisse downgrades Legg Mason (NYSE: LM) from Neutral to Underperform. UBS downgrades Forest Laboratories (NYSE: FRX) from Buy to Neutral. For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades NEW COVERAGE: Credit Suisse initiates coverage on Broadcom (Nasdaq: BRCM) with an Outperform. Dahlman Rose starts Norfolk Southern (NYSE: NSC) at Buy Collins Stewart initiates coverage on Texas Instruments Inc.

Notable Mergers and Acquisitions of the Day 9/4: OTEX/CAPA, THRM, RHT

Thu, 04 Sep 2008 09:58:19 -0400

Open Text Corporation (NASDAQ: OTEX) agreed to acquire Captaris, Inc. (NASDAQ: CAPA) for 131 million in total, or $4.80 per share. The companies expect the transaction to close by the end of the calendar year, subject to customary closing conditions, including approval by Captaris's shareholders and anti-trust approvals.
Thermage, Inc. (Nasdaq: THRM) determined to reject the previously announced unsolicited, non-binding proposal to acquire Thermage for $5.50 per share and that Thermage will not enter into discussions with the third party regarding its alternative acquisition proposal to the pending merger with Reliant Technologies, Inc. The Thermage Board determined to pursue closing the Reliant

Pre-Open Movers 9/4: Ciena (CIEN) Sinks on Warning, China BAK (CBAK) Up on Guidance

Thu, 04 Sep 2008 09:26:15 -0400

StreetInsider.com Pre-Open Movers:

Captaris, Inc. (NASDAQ: CAPA) 24% HIGHER; Open Text Corporation (NASDAQ: OTEX) agreed to acquire Captaris, Inc. for $131 million in total, or $4.80 per share.

Ciena (Nasdaq: CIEN) 17% LOWER; reports Q3 earnings of $0.37 per share, ex-items, in-line with estimates. Revenues came in at $253.2 million, versus the consensus of $253.7 million. Sees Q4 revenues $190-$210 million, versus the consensus of $263 million.

China BAK Battery, Inc. (Nasdaq: CBAK) 15% HIGHER; the company disclosed they raised their FY08 revenue guidance from $210 million to $240 million (consensus is $213.5M). The company also sees FY09 revenues of

After-Hours Movers 9/3: Navistar (NAV) Up on Results/Guidance; Hovnanian (HOV) Lower on Hefty Loss

Wed, 03 Sep 2008 17:56:00 -0400

StreetInsider.com After-Hours Movers:

Zumiez Inc. (NASDAQ: ZUMZ) 7% HIGHER; company's comparable store sales increased 0.2% in August. Total net sales for the four-week period ended August 30, 2008 increased 13.1% to $53.2 million.

Navistar International (NYSE: NAV) 6% HIGHER; reports Q3 EPS of $3.68. Raises its FY08 EPS guidance to $6.35-$7.45.

Hovnanian Enterprises, Inc. (NYSE: HOV) 4.5% LOWER; reports a Q3 loss of $2.67, versus the analyst estimate of ($1.57). Revenues for the quarter were $716.5 million, versus the consensus of $702.61 million.

Health Care REIT, Inc. (NYSE: HCN) 2% LOWER; intends to offer, subject to market and other conditions,

Trading Radar for 9/4: Toll (TOL), Take-Two (TTWO), Movado (MOV) Report; ADP Employment Report, Initial Jobless Claims, Crude Inventories Due

Wed, 03 Sep 2008 14:29:33 -0400

Before Market Opens: Economics: 8:15 AM ET

ADP Employment Report for August - Street expects down 30K, compared to up 9K in July

8:30 AM ET

Initial Jobless Claims for the week of 8/30 - Street expects 420K
Revised Productivity and Costs for Q2 - Street expects 3.5%, compared to 2.2% in Q1

Earnings: Ciena (Nasdaq: CIEN) - consensus EPS $0.37, revs $253.65M Jackson Hewitt Tax Service (NYSE: JTX) - consensus loss of $0.69, revs $4.47M Movado (NYSE: MOV) - consensus EPS $0.41, revs $132.9M Toll Brothers (NYSE: TOL) - consensus loss of $0.36, revs $771.70M Intraday or Not Specified: Economics: 10 AM ET

ISM Services for August

Unusual 11 Mid-Day Movers 9/3: LNCB, URRE, ABK, SSCC Higher; FRX, REV, SD, JOYG Lower

Wed, 03 Sep 2008 12:07:42 -0400

Lincoln Bancorp (Nasdaq: LNCB) 35.8% HIGHER; today announced that it and First Merchants Corporation (NASDAQ: FRME) have executed a definitive agreement for First Merchants Corporation to acquire Lincoln Bancorp through a merger of Lincoln into First Merchants. First Merchants and Lincoln will have combined assets of $4.7 billion and create the largest financial holding company based in Central Indiana. Uranium Resources (Nasdaq: URRE) 23.9% HIGHER; shares are spiking today as takeover rumors are being heard around Wall Street. A Bloomberg article published this morning highlights the companies large proven uranium reserves and sharply declining stock price. Ambac Financial NYSE:

Notable Analyst Rating Changes 9/3: X, UTX, BP, ARQL Upgraded; CAG, TWX, LLTC, CRDN Downgraded

Wed, 03 Sep 2008 09:45:47 -0400

UPGRADES: CIBC upgrades U.S. Steel (NYSE: X) from Sector Perform to Outperform. UBS upgrades United Technologies (NYSE: UTX) from Neutral to Buy, saying the stock is a performer in periods of economic weakness. Goldman Sachs upgrades BP (NYSE: BP) from Neutral to Buy and adds the stock to their Conviction Buy List. Banc of America upgrades ArQule (Nasdaq: ARQL) from Neutral to Buy. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: J.P. Morgan downgrades ConAgra Foods (NYSE: CAG) from Overweight to Neutral. Sanford Bernstein downgrades Time Warner (NYSE: TWX) from Outperform to Market Perform. Goldman Sachs downgrades Linear Technology Corp. (Nasdaq: LLTC) from Buy to Neutral

Notable Mergers and Acquisitions of the Day 9/3: KO, FRME/LNCB, HRB

Wed, 03 Sep 2008 09:40:37 -0400

The Coca-Cola Company (NYSE: KO) announced plans to make cash offers to purchase China Huiyuan Juice Group Limited, a Hong Kong listed company which owns the Huiyuan juice business throughout China. The Coca-Cola Company is offering HK$12.20 per share, and an equivalent price for outstanding convertible bonds and options. The Company has accepted irrevocable undertakings from three shareholders for acceptance of the offers, in aggregate representing approximately 66 percent of the Huiyuan shares. Assuming full acceptance of the offers, the deal is valued at approximately US$2.4billion. The transaction is expected to be dilutive to the Company’s earnings per share by $0.03 to $0.04

Pre-Open Movers 9/3: Medivation (MDVN) Surges On Pfizer Deal; Corning (GLW) Sinks on Warning

Wed, 03 Sep 2008 09:28:25 -0400

StreetInsider.com Pre-Open Movers:

Medivation, Inc.(NASDAQ: MDVN) 30% HIGHER; Entered into an agreement with Pfizer (NYSE: PFE) to develop and commercialize Dimebon, Medivation's investigational drug for treatment of Alzheimer’s disease and Huntington’s disease. Under the terms of the agreement, Medivation will receive an up-front cash payment of $225 million. The company will receive additional money on certain milestones and will receive royalties.

Ambac Financial NYSE: ABK) 14% HIGHER; received regulatory approval from the Commissioner of Insurance of the State of Wisconsin to capitalize and reactivate Connie Lee Insurance Company, its financial guarantee subsidiary. Connie Lee will conduct business under a new

After-Hours Movers 9/2: Ethan Allen (ETH) and ConAgra (CAG) Down On Lower Guidance; NCI Building (NCS) Up on Strong Results

Tue, 02 Sep 2008 17:35:29 -0400

StreetInsider.com After-Hours Movers:

Ambac Financial NYSE: ABK) 14% HIGHER; received regulatory approval from the Commissioner of Insurance of the State of Wisconsin to capitalize and reactivate Connie Lee Insurance Company, its financial guarantee subsidiary. Connie Lee will conduct business under a new name and will focus on the U.S. municipal and global public purpose financing markets.

Ethan Allen Interiors (NYSE: ETH) 7% LOWER; lowered its fourth quarter EPS guidance to a range of $0.20 to $0.26 a share, versus consensus of $0.48 per share.

ConAgra Foods, Inc. (NYSE: CAG) 5% LOWER; said the underperformance in the Consumer Foods segment will

Trading Radar for 9/3: Joy Global (JOYG), Hovnanian (HOV), Guess? (GES), Staples (SPLS) Report; ADP Employment Report, Factory Orders for July, Auto/Truck Sales for August Due

Tue, 02 Sep 2008 14:54:29 -0400

Before Market Opens: Economics: 8:15 AM ET

ADP Employment Report for August - Street expects down 19K, compared to a gain of 9K in July

8:55 AM ET

Johnson Red Book Retail Sales for the week of 8/30

Earnings: Joy Global (Nasdaq: JOYG) - consensus EPS $0.88, revs $884.01M Staples (Nasdaq: SPLS) - consensus EPS $0.21, revs $4.69B Intraday or Not Specified: Economics: 10 AM ET

Factory Orders for July - Street expects 0.4%, compared to 1.7% in June

10:35 AM ET

Crude Inventories for the week of 8/30 - last week's reading was down 117K

12 AM ET

Auto/Truck Sales for August - Street expects

Unusual 11 Mid-Day Movers 9/2: SCRX, ISH, NWA, PACW Higher; NOVC, PDO, ACI, FPP Lower

Tue, 02 Sep 2008 12:09:20 -0400

Sciele Pharma, Inc. (NASDAQ: SCRX) 58.9% HIGHER; entered into a definitive agreement to be acquired by Shionogi & Co., Ltd. at a price of $31 per share, for a total equity purchase price of approximately $1.1 billion. Novacea, Inc. (NASDAQ: NOVC) 20% LOWER; Novacea and Transcept Pharmaceuticals, Inc. announced today that they have entered into a definitive merger agreement under which Novacea will merge with Transcept in an all-stock transaction. Under the terms of the merger agreement, Novacea will issue new shares of its common stock to Transcept stockholders based on an exchange ratio to be determined prior to

Notable Analyst Rating Changes 9/2: AMLN, LOW, GOOG Upgraded; GILD, DF, NSC Downgraded

Tue, 02 Sep 2008 10:05:02 -0400

StreetInsider.com Notable Analyst Rating Changes: UPGRADES: Lazard Capital upgrades Amylin Pharmaceutical (Nasdaq: AMLN) from Hold to Buy. Goldmam Sachs upgrades Lowe's Companies Inc. (NYSE: LOW) from Neutral to Buy and bumps its price target from $27 to $28 per share. Stanford Group upgrades Google (Nasdaq: GOOG) from Hold to Buy. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Banc of America downgrades Gilead Sciences (Nasdaq: GILD) from Buy to Neutral and lowers their price target to $56. Morgan Stanley downgrades Dean Foods (NYSE: DF) from Overweight to Equal Weight. Stifel Nicolaus downgrades Norfolk Southern (NYSE: NSC) from Buy to Hold. For daily real-time Downgrades go to

Notable Mergers and Acquisitions of the Day 9/2: TER/EGLT, SCRX, CHK/BP

Tue, 02 Sep 2008 09:56:49 -0400

StreetInsider.com Notable Mergers and Acquisitions of the Day:

Teradyne, Inc. (NYSE: TER) signed a definitive agreement to acquire Eagle Test Systems, Inc. (NASDAQ: EGLT) for $15.65 per share in cash. Shares of Eagle Test Systems closed at $14.18/share on Friday. Under the terms of the agreement, Eagle Test shareholders will receive $15.65 per share in cash. The aggregate purchase price is expected to be approximately $250 million, net of cash acquired, and includes the fair value of fully vested employee equity instruments. Teradyne has secured a bridge financing commitment in connection with the transaction.
Sciele Pharma, Inc. (NASDAQ: SCRX) entered into a definitive agreement

Pre-Open Movers 9/2: Sciele Pharma (SCRX) Higher On Buyout; Airlines (DAL, AMR, LCC, etc.) Up On Drop in Crude

Tue, 02 Sep 2008 09:26:45 -0400

StreetInsider.com Pre-Open Movers: Sciele Pharma, Inc. (NASDAQ: SCRX) 58% HIGHER; entered into a definitive agreement to be acquied by Shionogi & Co., Ltd. at a price of $31 per share, for a total equity purchase price of approximately $1.1 billion. Delta Air Lines (NYSE: DAL) 14% HIGHER; Airlines are higher on today's $7 drop in Crude after Hurricane Gustav was much less severe than expected. Other airlines: Northwest Airlines (NYSE: NWA), UAL Corp (NYSE: UAUA), AMR (NYSE: AMR), AirTran Holdings (NYSE: AAI), Continental Airlines (NYSE: CAL), Southwest Airlines (NYSE: LUV), Alaska Air (NYSE: ALK), US Airways Group, Inc. (NYSE: LCC). Lehman Brothers

Trading Radar for 9/2: Construction Spending for July, ISM Index, Auto/Truck Sales for August Due

Fri, 29 Aug 2008 15:00:55 -0400

StreetInsider.com Trading Radar: Intraday or Not Specified: Economics: 10 AM ET

Construction Spending for July - Street expects down 0.4%, compared to down 0.4% in June
ISM Index for August - Street expects a reading of 49.5

12 AM ET

Auto/Truck Sales for August

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Top 10 News Items 8/25-8/29: Oil/Nat Gas See Volatile Trading on Gustav Concerns; Fannie/Freddie Nearly Double; FDIC Banking Profile Shows Worst Quarter Since '91

Fri, 29 Aug 2008 14:50:53 -0400

StreetInsider.com Top 10 News Items of the Week August 25 - August 29. This is a recap of this week's major news on Wall Street. 1. After selling-off about $5 from as high as $119 on last Friday, crude oil started this week at around $114. As Tropical Storm Gustav approached the U.S. Gulf coast, and investors got word that the storm would likely become a hurricane over the weekend and hit land somewhere between south-east Texas and west Florida, with the heart of the storm likely around New Orleans, crude and natural gas prices began surging. Crude oil broke the

Unusual 11 Mid-Day Movers 8/29: BIOF, JMBA, BPOP, BBX Higher; FRE, DELL, FNM, LAVA Lower

Fri, 29 Aug 2008 11:01:09 -0400

StreetInsider.com's Unusual 11 Mid-Day Movers: BioFuel Energy Corp. (Nasdaq: BIOF) 24.4% HIGHER; announced today that its operating subsidiaries, which own and operate the Wood River and Fairmont ethanol plants, had amended their credit agreement. The amendment permits the subsidiaries' full access to their $20 million working capital facility and permits daily access to their revenue account, in each case solely for the purchase of corn, natural gas, chemicals, enzymes, denaturant and electricity. Previously, the subsidiaries had access to only $5 million of their working capital line and the ability to disburse their revenues only at the end of each month.

Notable Analyst Rating Changes 8/29: CBT, NZ, INCY Upgraded; WBD, ENER, WSM Downgraded

Fri, 29 Aug 2008 09:39:43 -0400

StreetInsider.com Notable Analyst Rating Changes: UPGRADES: J.P. Morgan upgrades Cabot (NYSE: CBT) from Neutral to Overweight. Merriman Curhan upgrades Netezza (NYSE: NZ) from Hold to Buy. ARGUS upgrades Incyte Corp. (Nasdaq: INCY) from Hold to Buy based on valuation and the solid trial results of INCB18424. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: UBS downgrades Wimm-Bill Dann Foods (NYSE: WBD) to Neutral from Buy. Piper Jaffray downgrades Energy Conversion Devices (Nasdaq: ENER) from Buy to Neutral but raises its price target from $58 to $73. Thomas Weisel downgrades Williams-Sonoma (NYSE: WSM) from Overweight to Market Weight. For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades NEW

Notable Mergers and Acquisitions of the Day 8/29: SRVY/MSFT, PMI, IRF/VSH

Fri, 29 Aug 2008 09:29:58 -0400

StreetInsider.com Notable Mergers and Acquisitions of the Day:

Greenfield Online, Inc. (Nasdaq: SRVY) entered into a merger agreement to be acquired by Microsoft Corporation (Nasdaq: MSFT), via a cash tender offer for $17.50 per share in a transaction valued at approximately $486 million. In addition, Greenfield Online announced that immediately prior to entry into the merger agreement with Microsoft it had terminated its previously announced merger agreement with affiliates of Quadrangle Group LLC. On August 26th, Greenfield Online disclosed the $17.50 offer from a 'strategic buyer', but did not mention Microsoft.
The PMI Group, Inc. (NYSE: PMI) today announced that it has signed a

Pre-Open Movers 8/29: Dell Falls On Earnings/Margin Miss, Magma Design (LAVA) Down on Results/Guidance

Fri, 29 Aug 2008 09:12:54 -0400

StreetInsider.com Pre-Open Movers:

Magma Design Automation, Inc. (Nasdaq: LAVA) 16% LOWER; reports Q1 EPS of $0.02, 3 cents better than the analyst estimate of ($0.01). Revenues for the quarter were $45.7 million, versus the consensus of $44.93 million. Sees FY revs of $158-$160M, versus the consensus of $210M.

Force Protection, Inc. (NASDAQ: FRPT) 15% LOWER; to Restate Interim Consolidated Financial Statements for First and Second Quarters 2007

Dell, Inc. (Nasdaq: DELL) 10% LOWER; reports Q2 EPS of $0.31, which may not compare to the analyst estimate of $0.36. Revenues for the quarter were $16.4 billion, versus the consensus of $15.95 billion.