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Contributors: Douglas McIntyre Jon C. Ogg

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Thursday, August 31, 2006

Pre-Market Stock Notes (Aug. 31, 2006)

(AD) A D V O stock down 37% after Valassis sued A D V O to terminate its merger agreement saying that AD materially misrepresented their financial situation.
(BF/B) Brown Forman $0.76 EPS vs $0.71e.
(CIEN) Ciena $0.02 EPS vs $0.01e (before items); Revenues $152.2M vs $143+M(e); sees up to 5% sequential revenue growth; announced 1 for 7 reverse stock split.
(CUB) Cubic won a $32.8 million Air Force contract.
(DRYS) DryShips $0.53 EPS vs $0.54e.
(EGLE) Eagle Bulk Shipping filed to sell 5M share or $220 million in mixed securities.
(GLG) Glamis Gold being acquired by GoldCorp (GG) for $51.49 per share.
(GNVC) GenVec said phase I HIV trials support ongoing testing as safety was well tolerated and showed clinical response consistent with preliminary expectations.
(HEI) Heico $0.31 EPS vs $0.28e.
(HNZ) Heinz $0.58 EPS vs $0.53e.
(IMGN) ImmunoGen extends its anti-cancer research pact with Sanofi-Aventis.
(INTC) Intel took a 10% stake in InComm a flash card designer.
(JDSU) JDS Uniphase stock traded down 14% after having slight loss (rounded to $0.00, but revenues were $318.2M vs $315M(e); guided next quarter $$312-328M vs $332.5M(e).
(JOYG) Joy Global $0.63 EPS vs $0.58e.
(LTXX) LTX Corp $0.23 EPS vs $0.22e.
(NCS) NCI Building Systems $1.00 EPS vs $1.01e.
(NMTI) NMT Medical received FDA approval to modify their MIST II migraine study.
(PMID) Pyramid Brewing chief accounting officer resigned.
(RELL) Richardson Electronics posted a net loss instead of having expected positive earnings.
(SEAC) SeaChange rose 17% after posting a profit instead of a loss expected and higher revenues.
(THOR) Thoratec Labs CFO will leave by the end of the year.
(TIF) Tiffany's $0.29 EOPS vs $0.31e; sees next quarter $0.16 vs $0.19e; increased share buyback plan by $700 million.
(TiVo) TiVo -$0.07/R$59.2M vs -$0.13.$51.8M(e); sees next quarter R$54-56M vs $$53.8M(e); stock barely up after hours.
(VCI) Valassis sued ADVO(AD) to terminate a merger pact over AD misrepresenting their financial health; VCI up 5%
(ZILG) Zilog CEO resigned.
(ZLC) Zales $0.02 EPS vs $0.02e; sees fiscal 2007 EPS $1.98 to $2.08 vs $2.08e.
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