Pre-Market Stock News (May 30, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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(AAPL) Apple trading up 0.5% after Morgan Stanley raised its $110 target to $150.
(BGP) Borders Group posted a -$0.51 EPS loss vs. -$0.38e.
(BIIB) Biogen Idec announced up to $3 Billion in share repurchases.
(CDWC) CDW agrees to be acquired by Madison Dearborn Partners for $87.75 in cash.
(CWTR) Coldwater Creek trading up more than 10% after beating earnings expectations.
(DBRN) Dress Barn said May comparable s-s-s rose 10%.
(DNDN) Dendreon hit with a class action lawsuit.
(ESEA) Euroseas traded up close to 10% after the Greek shipping company doubled earnings.
(ESPD) eSpeed is being combined by Cantor Fitzgerald with Cantor’s BGC unit in what is said to be a $1.3 Billion deal, although this is sort of a zero sum game to ESPD holders on the surface.
(HGSI) Human Genome Sciences announces that dosing has begun in BLISS-52, the second of two pivotal Phase 3 clinical trials of LymphoStat-B in patients with active lupus.
(ICE) IntercontinentalExchange and CBOE have confirmed an agreement regarding CBOE exercise rights as part of the planned merger between ICE and Chicago Board of trade and sign an agreement in principle.
(LYO) Lyondell announced a $500M note offering.
(MNST) Monster’s job search will now be available through the Comcast portal.
(MSFT) Microsoft has introduced a new touch screen PC called “Surface” that is essentially a coffee table.
(PAY) VeriFone fell 4% after missing expectations and after “raised guidance” looked shy.
(PHM) Pulte Homes announced a 16% workforce cut.
(SFD) Smithfield Foods fell 5% after earnings warning.
(WSM) William Sonoma $0.16 EPS vs $0.13e.

Jon C. Ogg
May 30, 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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