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Tuesday, August 29, 2006

Pre-Market Stock Notes (Aug. 29, 2006)

S&P FAIR VALUE +$0.38.

(AAPL) Apple's iTunes may have a free competitor backed by Universal.
(AH) Armor Holdings won a $73+ million contract modification from the US Army.
(ALTH) Allos Therapeutics started its Phase II lymphoma treatment studies.
(BA) Boeing announced a $3 Billion share buyback plan.
(BAY) Bayer looks down 0.5% afterreporting earnings overseas; job cuts announced.
(BKS) Barnes & Noble gets options subpoena.
(BP) BP said yesterday that its Prudhoe Bay was back to 200,000 BPD.
(BWS) Brown Shoe CFO will retire next year.
(CEO) CNOOC profits were up almost 38% overseas on higher oil prices.
(DXCM) Dexcom gets software approved by FDA.
(EK) Eastman Kodak controller is stepping down on September 5.
(FIC) Fair & Isaacannounced a $250M share buyback.
(HPQ/CSCO) H-P & Cisco are working together to offer indoor wireless solutions for enterprise customers.
(INTC) Intel is launching a new chip called Tulsa to compete against AMD on power usage.
(IRSN) Irvine Sensors gets a $3.4M optioned by the government as part of a contract.
(KCI) Kinetic Concepts announced a $200M share buyback.
(MSFT) Microsoft is also being targeted for banning by the communist party that was elected in India according to the Financial Times.
(NDSN) Nordson CFO will retire in Feb. 2007.
(OFBS) Old Florida Bankshares gets a $38.50 cash buyout from Bancshares of Florida (BOFL).
(QLTI) QLT is up 11% as shareholder offered to acquire the company in an effort that was declined.
(RAD) Rite Aid gave guidance that wasmostly in-line, but the range for EPS was fairly wide and could be interpreted as a win or a loss by the same set of eyes.
(RADN) Radyne CEO is retiring.
(RIG) Transocean received a $100M tax bill from Brazil for one of its units.
(RRD) RRDonnelly acquisition talks have reportedly broken down and are being called off.
(SAFM) Sanderson Farms $0.06 EPS vs -$0.13e.
(SGXP) SGX Pharma discontinued its AML phase II/III trials, faced downgrades; stock down about 35%.
(SRX) SRA International COO is retiring.
(STEM) StemCells inc. entered into license pact with Stem Cell Therapeutics.
(TWX) Time Warner is launching a re-vamped music and video download service today.
(UNH) UnitedHealth received default notice on indenture covenants.
(VOXX/XMSR) Audiovox said it has started manufacturing the XM Satellite radios, which was basically known last week.
(VPHM) Viropharma announced its preliminary phase I hepatitis Ctreatment was positive; stock up 9%.
(YSI) U-Store-It's COO is resigning.

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