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Friday, August 18, 2006

Pre-Market Stock News (Aug. 18, 2006)

S&P Fair Value +$0.23.

(AMD) AMD did formally get the expanded relationship with Dell, as expected.
(ANN) Ann Taylor $0.59 EPS vs $0.46e; raised 2006 guidance but with this beat the other quarters look in-line; allocated $125M for share buybacks; stock indicated up 3%.
(ADSK) Autodesk disclosed revenues of $450M vs $445.8M(e) and next quarter guidance of $450M to $460M revenues of $456+M estimates; cannot offer earnings until after its option review; stock trading down almost 6%.
(ANR) Alpha Natural Resources $0.45 EPS vs $0.41e.
(ARO) Aeropostale $0.13 EPS vs $0.13e.
(ARXT) Adams Labs filed to sell 10M shares for holders.
(ATML) Atmel R$464.3M vs $448M(e); sees revenues -4% to -6%; earnings not reported because of options probe.
(BABY) Natus Medical priced a 2.3M share offering at $11.04+.
(BAMM) Books-a-Million $0.14 EPS vs $0.11e.
(BEBE) Bebe Stores $0.26 EPS vs $0.21e.
(BMY) Bristol-Myers Squibb board did not reiterated support for the CEO in a statement according to the WSJ; has potential court ruling today in attempt to stop Attorneys General and FTC order allowing generic Plavix(R) from Apotex.
(BRCD) Brocade $0.11/R$188.9M vs $0.09/$181M(e).
(CALL) Callwave -$0.05 vs -$0.05e; R$7.68M vs $7.9M(e).
(CMVT) Comverse announced it was voiding unexercised options of former officers under indictment.
(COCO) Corinthian Colleges gets options inquiry from the SEC.
(CPWM) Cost Plust World Markets -$0.51 EPS vs -$0.38e; lowered fiscal year guidance and said Fiscal s-s-s would be -3% to 0.0%.
(DELL) Dell fell 3% after-hours after it met lowered guidance but disclosed a 2005 SEC inquiry regarding revenue recognition.
(DV) DeVry $0.17 EPS vs $0.18e.
(ELK) Elk Corp $0.67 EPS vs $0.63e.
(FL) Foot Locker $0.17 EPS vs $0.16e.
(FMCN) Focus Media $0.38 EPS vs $0.33e.
(GPS) Gap $0.15 EPS vs a lowered number of $0.14e; lowered fiscal guidance from a $1.23-1.27 range down to $1.08-1.12; stock fell another 3% after-hours.
(HIBB) Hibbet Sporting Goods $0.12 EPS vs $0.13e.
(JWN) Nordstrom $0.67 EPS vs $0.65e; lightly raised guidance; but shares fell 3%.
(LLY) Eli Lilly gets FDA "approvable" letter for diabetic eye disease treatment; will mean additional time to determine approval.
(MO) Altria and the tobacco industry was ruled Against by the judge in favor of the government in long-standing racketeering case about the tobacco industry hiding that smoking was bad for you, although the judge stopped short of the billions of dollars at risk; MO stock up over $2.00.
(MRVL) Marvell preliminary revenues $574M vs $583M(e); confirmed it will delay its filing pending an options review; MRVL down 5% after-hours.
(NEXT) Nextest Systems $0.24 EPS vs $0.20e; guides next Q $0.19-0.22 vs $0.20e but on slightly under estimates on revenues.
(PBT) Permian Basin Royalty Trust (PBT) priced its 8+M share secondary at $15.52.
(PETC) Petco $0.25 EPS vs $0.24e; already in buyout.
(QADI) QAD $0.03 EPS vs $0.03e; thin coverage.
(RMD) Resmed $0.40 EPS vs $0.36e.
(SBUX) Starbucks is reportedly entering India in 2007.
(SCSC) Scansource $0.47 EPS vs $0.40e.
(SJM) J.M. Smucker $0.59 EPS vs $0.58e.
(SRA) Serono SA said phase III was positive for HGH in AIDS treatment.
(TIVO) TiVo issued statement saying they won damages and an injunction barring Echostar from selling DVR products.
(WMT) Wal-Mart said irs Andrew Young just hired 6 months ago had to leave amid racial slurs about business owners.
(WTSLA) Wet Seal $0.04 EPS vs $0.055e; sees next quarter $0.08-0.09 EPS vs $0.09e.
(WYN) Wyndham Hotels announced $400M share buyback.
(ZYGO) Zygo $0.24 EPS vs $0.21e.
(ZGEN) Zymogenetics filed a patent lawsuit against Bristol-Myers Squibb (BMY) related to fusion protein technology.

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