Pre-Market Stock News (Nov. 22, 2006)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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US BOND MKT CLOSES AT 2:00PM EST TODAY, NORMAL HOURS FOR EQUITIES.

(AA) Alcoa announced layoffs and restructuring.
(ALVR) Alverion sold its cellular unit operations.
(AZN) AstraZeneca trading up 1% after earnings and guidance overseas.
(BEAS) BEA Systems is a potentialbuyout according to Cramer; stock rose 6% after-hours.
(BGP) Borders Group -$0.64 EPS vs -$0.65e.
(BRCD) Brocade $0.14 EPS vs $0.12e; R$208.8M vs $204M(e).
(CMCSA) Comcast paying $1.2 Billion for Disney’s stake in E!.
(COMS) 3Com is reportedly getting an offer from Huawei for it to retake control over the H3C venture.
(CRAY) Cray won a $250 million DARPA supercomputer pact along with IBM.
(CROX) Crocs trading up 1% after launch of Disney footwear, although it was known.
(CWTR) Coldwater Creek trading down 6% after $0.17 EPS vs $0.17e; and backing Q4 guidance.
(CYBX) Cyberonics traded up 4% after Cramer said it is a buy and could be acquired now that CEO Skip Cummins had to leave over an options backdating.
(DELL) Dell rose almost 10% after surprisingly beating earnings estimates.
(GASS) Stealth Gas $0.25 EPS vs $0.28e.
(HAS) Hasbro noted as better than mattel according to Cramer.
(HRL) Hormel $0.64 EPS vs $0.64e.
(IMA) Inverness filed to sell 6M shares for holders.
(JADE) LJ International filed to sell $100M in securities.
(JCG) JCrew $0.27 EPS vs $0.22e.
(LCAV) LCA Vision buying back $50M in stock.
(LMT) Lockheed won another $1 Billion DOD order.
(MNT) Mentor looks expensive even with new breast implant potential business according to Barron’s.
(MTB) M&T Bank CEO is retiring.
(NOA) N. Am,er Energy 12.5 M share IPO priced at $16.00.
(NRG) NRG Energy to buy back 4.2M share from Blackstone.
(PDLI) PDL BioPharma discontinues co-development of Dacelizumab with Roche.
(PSS) Payless Shoes $0.46 EPS vs $0.42e.
(QADI) QAD $0.05 EPS vs $0.06e.
(REDE) Red Envelope CFO resigned.

by JON C. OGG

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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