Pre-Market Stock News (May 11, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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(AAPL) Apple’s talks about the Beatles are reportedly close to being settled.
(ALL) Allstate is going to stop selling homeowners insurance policies in California.
(ALU) Alcatel-Lucent earnings came out, forecasts 10% revenue gains; shares trading up 1.5% in overseas trading.
(AMGN) Amgen trading down another 3% pre-market after 4 downgrades after negative FDA news yesterday.
(BMY) Bristol-Myers Squibb settled the DOJ Plavix investigation.
(BOT) CBOT may now be considering the ICE bid over the CME bid according to WSJ.
(BRLC) Syntax-Brillian fell 15% after missing earnings and issuing even more shares in offering.
(CRXX) CombinatoRx noted positively in Business Week.
(DNDN) Dendreon trading down 5% after conference call.
(FL) Foot Locker shares fell almost 10% on an earnings warning.
(HELE) Helen of Troy $0.30 EPS vs $0.27e.
(JOBS) 51job traded up 7% after beating expectations.
(MOVI) Movie Gallery -$0.47 EPS vs -$0.53e.
(NVDA) NVIDIA trading up 5% after beating earnings and strong guidance.
(NWS) News Corp could reach $30.00 if it buys Down Jones according to Business Week.
(STI) Sun Trust Banks saw enough call option buying activity yesterday that it is being considered potentially as takeover speculation.
(THQI) THQ Interactive fell 4% after outlook disappointed the bulls.
(WCRX) Warner Chilcott $0.23 EPS vs $0.18e.
(WDC) Western Digital is likely to see its multiple expand according to Barron’s.
(WEN) Wendy’s largest holder is trying harder to get the company to sell itself.

Jon C. Ogg
May 11, 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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