Pre-Market Stock News (April 24, 2007)

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By Douglas A. McIntyre Published
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(AAPL) Apple’s ex-CFO is settling SEC accounting issues over backdating of options; ex-legal counsel is not settling and will fight the charges.
(ATU) Actuant noted by Cramer as a private equity potential buyout target.
(ALTR) Altera traded up 5% after posting $0.21 EPS vs $0.20e.
(ALU) Alcatel Lucent says it expects an 8% revenue drop and expects a loss.
(AMD) AMD is selling $1.8 Billion in senior convertible notes.
(AMGN) Amgen trading up almost 1% despite soft earnings as it is reviewing cost structure; also anemia drug sales are soft but perhaps not as bad as somne feared.
(ASTE) Astec $0.69 EPS vs $0.68e.
(BA) Boeing gets more than a $3 Billion jet order from Virgin.
(BJS) BJ Services $0.64 EPS vs $0.71e.
(BP) BP profits fell on lower prices, but looked in-line.
(BSX) Boston Scientific fell almost 3% after-hours on lower earnings and guidance.
(C) Citigroup takes stake in China Life.
(DD) DuPont $1.07 EPS vs $1.04e.
(DISCA) Discovery Holdings noted positively by Cramer on Mad Money.
(ELN) Elan -$0.20 EPS vs -$0.16e.
(FRPT) Force Protection rose 9% on Department of Defense order.
(ICLR) ICON plc $0.42 EPS vs $0.39e.
(IPS) Ipsco $2.65 EPS vs $2.59e; lowered guidance though.
(IRBT) iRobot rose 9% on unmanned vehicle development pact with Boeing.
(IVII) II-VI $0.33 EPS vs $0.33e; lowered guidance.
(JNPR) Juniper Networks traded down 6% after earnings.
(JRN) Journal Communications publishing & broadcast group revenues fell 2.8%.
(KCI) Kinetic Concepts $0.75 EPS vs $0.74e.
(LMT) Lockheed Martin $1.39 EPS vs $1.37e.
(MHP) McGraw Hill $0.37 EPS vs $0.31e.
(NEM) Newmont Mining was exhonerated in Indonesian criminal trial over pollution and regulatory violations.
(OMC) Omnicom $1.09 EPS vs $1.05e.
(PBG) Pepsi Bottling $0.14 EPS vs $0.10e.
(PYR) PYR Energy & Samson entered into buyout of PYR at $1.30 per share.
(SEPR) Sepracor $0.47 EPS vs $0.37e.
(SIRI) Sirius Satellite Radio said Mercedes-Benz will offer its radio in more than 80% of vehicles.
(T) $0.65 EPS vs $0.61e; revenues $29 Billion instead of $29.5 Billion est.; this is first quarter with combined Bellsouth/SBC all rolled in.
(TGT) Target said April s-s-s will be lower than expected at 3-4% versus 4-6% forecasts.
(TLAB) Tellabs $0.08 EPS vs $0.05e; stock trading up almost 3%.
(TM) Toyota outsold GM in global auto sales in Q1 for the first time ever.
(TXN) Texas Instruments rose 8% after earnings because mid-point of revenue guidance was above estimates.
(UCTT) Ultraclean fell 13% after meeting estimates but lowering guidance.
(VIP) VimpelCom will repurchase up to 1.6 million ADR shares.
(WAT) Waters Corp $0.56 EPS vs $0.53e.
(WGOV) Woodward Governor traded up almost 10% after beating expectations.
(YHOO) Yahoo! launches a 400,000 free song service.

Jon C. Ogg
April 24, 2007

Jon Ogg 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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