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Investing

Pre-Market Stock News (July 23, 2007)

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By Douglas A. McIntyre Published
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(ABN) ABN AMRO’s bid from Barclays was raised to 67.5 Billion Euros ($93+ Billion U.S.) to try to close the deal.
(ACI) Arch Coal $0.26 EPS vs $0.27 est.; guidance appears soft for next quarter.
(ANX) Adventrx Pharma announced positive inhibition of HIV-1 in preclinical tests when combining ANX-201 compound with inhibitors in testing.
(ARRO) Arrow International being acquired by Teleflex (TFX) for $45.50 per share.
(ASTE) Astec $0.83 EPS vs $0.74 estimate.
(EEFT Euronet $0.29 EPS vs $0.30e; sees Q3 under plan as well.
(GE) General Electric hosts analyst meeting Monday.
(GGBM) Gigbeam wins 24 WiFiber module order in Western U.S.
(GSF) Global SantaFe merging with Transocean (RIG) with partial cash going out to shareholders in recapitalization.
(HAL) Halliburton $0.63 EPS vs $0.56 est.; Revenues $3.7 Billion versus $3.5 B estimate.
(JRN) Journal Communications $0.19 EPS vs $0.20 est; posted slight gains in pulishing/broadcasting revenues (+1.3%) and advertising (+1.8%) for first six months in 2007 vs 2006.
(MRK) Merck $0.82 EPS vs $0.72 est.; slighly raised 2007 guidance; Revenues $6.1 Billion vs. $5.8 Billion estimate; shares indicated up $1.00 or more.
(OPSW) Opsware is being acquired by Hewlett Packard for $14.25 per share.
(PETS) PetMed Express $0.24 EPS vs $0.23 est.
(PVTB) Private Bancorp $0.40 EPS vs $0.39e.
(QTWW) Quantum Fuel to supply transportable hydrogen refueling stations to General Motors
(RIG) Transocean merging with Global SantaFe (GSF) with partial cash going out to shareholders in recapitalization.
(SCHL) Scholastic said 8.3 million Harry Potter series finale books sold on Saturday.
(SGP) Schering Plough $0.41 EPS vs $0.35 estimate.
(TASR) Taser $0.06 EPS vs $0.04e; revenues $25.6 million vs. $21.25M estimate.
(URI) United Rentals being acquired for $34.50 per share in a Cerberus buyout.
(WFT) Weatherford $0.68 EPS vs $0.70 est.;noted slowdown in Canada as reason for miss and drop sequentially.
(WMT) Wal-Mart said it is dropping prices on more than 16,000 products across stores, with a back-to-school focus.

Jon C. Ogg
July 23, 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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