Pre-Market Stock Notes (JAN 29, 2007)

(ADBE) Adobe launched new photo editor product.
(AH) Armor Holdings wins $44M army tank component order.
(ATRS) Altiris being acquired for $33 per share in Cash by Symantec.
(BMY) Bristol-Myers may be in merger talks with Sanofi-Aventis according to French reports.
(BOW) Bowater is merging with Abitibi-Consolidated (ABY) in merger of equals.
(BRCM) Broadcom was ruled in favor of in patent case from Qualcomm; ruling says they didn’t infringe patents.
(C) Citigroup is acquiring Egg Banking from Prudential for about $1.1+ Billion in UK.
(CHINA) CDC Corp is pre-installing its proprietary software in Nokia phones sold in China.
(CMI) Cummins $3.75 EPS vs $3.77e, butraised 2007 guidance.
(CMTL) Comtech wins $9.5M tracking system order from US Army.
(DALRQ) Delta may get $1B more from US Air.
(DNA) Genentech issued ‘Dear Doctor’ letter about increased stroke risk for Lucentis eye treatment.
(DRRX) Durect signed manufacturing pact with Hospira.
(EEEE) Educate being acquired by management group and Sterling/Citigroup private equity group for $8.00 per share.
(EOP) Equity Office was given a recommendation by ISS proxy service to accept the $54 Blackstone bid.
(FRC) First Republic will be acquired by Merrill Lynch for $55 per share.
(GOOG) Google will begin paying for some YouTube video content.
(GYMB) Gymboree announced a $50M share buyback plan.
(HLS) Healthsouth is selling its outpatient rehab division for $245 million in cash.
(HSY) Hershey announced confectionary joint venture in China with Lotte Confectionary Ltd. of Korea.
(IBM) IBM is acquiring private Softek Storage Solutions.
(IFX) Infineon down 0.4% after posting overseas profits.
(IRBT) iRobot won a $16.58M order for a 100 unit IED detector robots in Iraq.
(LAUR) Laureate Education is being acquired by CEO-led and private equity consortium for $60.50 per share in cash.
(MAT) Mattel $0.75 EPS vs $0.66e.
(MDCC) Molecular Devices gets $35.50 buyout from MDS.
(MOBI) Mobius Management Systems in expanded alliance with Microsoft.
(OSIP) OSI Pharm announces European regulatory approval of Tarceva for treatment of patients with pancreatic cancer.
(PD) Phelps Dodge $4.71 EPS vs $4.22e.
(QCOM) Qualcomm lost ruling; judge ruled that Broadcom is not infringing its patents.
(RMKR) Rainmaker acquired CAS Systems for some $2M at closing.
(SGP) Schering Plough $0.17 EPS vs $0.17e.
(SNSS) Sunesis Pharma showed positive Phase II cancer studies.
(SQNM) Sequenom and Lenetix Medical Screening Laboratory in research pact for rapid genetic screening and diagnostic testing.
(SURW) SureWest selling directory publishing unit to GateHouse Media (GHS) for $110M.
(SYY) Sysco $0.38 EPS vs $0.38e.
(TASR) Taser had another product liability suit dropped against it.
(TSN) Tyson $0.16 EPS vs $0.06e; unsure if comparable.
(TSO) Tesoro $2.28 EPS vs $1.92 estimate.
(VDM) Van der Moolen names new CFO.
(VZ) Verizon $0.62 EPS vs $0.61e.

Jon C.Ogg
January 29, 2007