Pre-Market Stock Notes (FEB 27, 2007)

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By Douglas A. McIntyre Published
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(ASTE) Astec $0.29 EPS vs $0.26e.
(BRCD) Brocade traded up 9% after beating earnings.
(BIDU) Baidu.com and other Chinese stocks all trading lower after local Chinese markets hit by 8% in Shanghai and 1.75% in Hong Kong.
(CBS) CBS announced a $1.5 Billion buyback.
(DRQ) Dril-quip $0.61 EPS vs $0.61e.
(ELOS) Syneron Medical and Proctor & Gamble enter exclusive agreement to develop and supply home-use devices to enhance skin appearance.
(HOV) Hovnanian actually raised its prior guidance on items.
(JWN) Nordstrom’s lowered guidance.
(KDN) Kaydon announces that Brian Campbell plans to retire as it’s Chairman, President and CEO.
(MRVL) Marvell Tech traded up 3% after revenues and guidance, despite no EPS numbers.
(NYX) NYSE down almost 3% on JPMorgan downgrade.
(OSIS) OSI Systems says receives favorable ruling; $125 million verdict upheld.
(RSH) RadioShack posted $0.62 EPS vs $0.43e, but revenues were down 13%.
(SHFL) Shuffle Master trading down 14% after lowering targets.
(SIRI) SIRIUS posted positive cash flow on a net loss, but forecasts almost $1 Billion and 8 million subscribers for 2007.
(THLD) Threshold Pharma traded down sharply after its pancreatic cancer trials failed to reach its endpoints.
(TWGP) Tower Group $0,46 EPS vs $0.46e; lowered guidance.
(WMT) Wal-Mart is buying a controlling stake in Trust-Mart for $1 Billion in China to more than double its size.
(XRX) Xerox lowered guidance.

Jon C. Ogg
February 27, 2007

Jon Ogg is a partner in 24/7 Wall St., LLC and he can be reached at [email protected]; he does not own securities in the companies he covers.

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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