Pre-Market Stock News (September 19, 2007)

By Douglas A. McIntyre Published Sep 19, 7:34AM EDT

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(AIR) AAR Corp. $0.36 EPS vs $0.39 est.
(CMO) Capstead Mortgage will sell 8.5M shares of common stock.
(DT) Deutsche Telecom’s T-Mobile won iPhone exclusivity in Germany.
(EPAY) Bottomline Technologies announced a strategic pact with Wipro Technologies of Wipro to provide corporate payments and global cash management solutions to financial institutions.
(ETEL) eTelecare Global (ETEL) is acquiring AOL’s Customer Care & Technical Support subsidiary.
(GIS) General Mills $0.81 EPS vs $0.79 estimate.
(KMX) CarMax $0.29 EPS vs $0.29e; lowered 2008 guidance to $0.92-0.98 vs. prior guidance of $1.03-1.14.
(KWD) Kellwood received a $21 non-binding offer proposal from Sun Capital.
(LEND) Accredited Home Lenders Holding Co. trading up 17% at $11.50 as Lone Star and it agreed on a lowered $11.75 buyout price.
(MS) $1.38 EPS vs $1.54 estimate; will take $940 million or $0.33 per share in writedowns; $480 million in quantitative strategies.
(PAA) Plains All American Pipeline’s subsidiary Plains L.P.G. Services has signed a definitive agreement to acquire the Tirzah L.P.G. storage facility from Suburban Propane and Suburban Pipeline for approximately $55 million.
(RNVS) Renovis to be acquired by Evotec in an all stock transaction valued at approximately US$ 151.8 million.
(TASR) TASER won a U.S. Forest Service purchase order for 700 TASER X26 electronic control devices.
(XMSR/SIRI) XM & Sirius trading down on UBS downgrade, and Wisconsin AG sent letter to US Atty General asking him to block the merger.

Jon C. Ogg
September 19, 2007

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.