Pre-Market Stock News (October 22, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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(AAPL) Apple reports earnings after the close.
(ASTE) Astec $0.51 EPS vs $0.70 est; stock down 7%.
(ATG) AGL Resources lowered guidance.
(BOH) Bank of Hawaii $0.96 EPS vs $0.95 est.
(BSC) Bear Stearns and CITIC in China to form a $1 Billion cross-partnership in new capital markets joint venture.
(CEN) Ceridian $0.31 EPS as expected.
(CHKP) Checkpoint Software $0.41 EPS vs $0.38 est; stock indicated up 2%.
(HAL) Halliburton $0.66 EPS vs $0.64 est.
(HAR) Harman International received an amended $400 million investment from KKR & Goldman Sachs in 1.25% senior convertible notes with a $104 convertible price.
(HAS) $0.78 vs $0.72 est.
(JAKK) JAKKS PAcific $1.45 EPS vs $1.30 est.
(LDK) LDK signed a 3-yr contract to supply multicrystalline solar wafers to Canadian Solar (CSIQ).
(MINI) Mobile Mini sees next quarter $0.34-0.35 vs $0.40 est.
(MRK) Merck $0.75 EPS vs $0.69; R$6.1 B vs $6.03B est; stock indicated up marginally.
(MSFT) Microsoft has begun trimming royalties for rivals and handing over more information to open the source code, according to the EU.
(OSIP) OSI and Roche won Tarceva approval in Japan for lung cancer patients.
(PLUG) Plug Power received its largest fuel cell order from Wal-Mart Stores for use in lift trucks at one of the co’s distribution centers; stock up 5%.
(PTA) Penn Treaty announced a new chairman of the board.
(PVTB) Private Bancorp $0.42 EPS as expected.
(RGS) Regis $0.46 EPS vs $0.47 est.
(SGP) Schering-Plough $0.28 EPS vs $0.30 est.
(SHLD) Sears noted as undervalued in Barron’s; stock indicated up 1%.
(TEVA) Teva Pharmaceuticals announced that Adenoscan patent lawsuits have been settled with King Pharma and Astellas.
(THRX) Theravance received an FDA "Approvable Letter" for Telavancin for the treatment of complicated skin and skin structure infections subject to revised labeling or re-analyses of clinical data or additional clinical data; stock down 5%.
(TPTX) TorreyPines Therapeutics says tezampanel met its primary endpoint in Phase IIb clinical trial in acute migraine headache.
(TXN) Texas Instruments reports earnings after the close.
(WMT)  Wal-Mart announces tender offer for full ownership of Seiyu in Japan.
(ZBRA) Zebra Tech $0.43 EPS vs $0.38 est; stock indicated down 1%.

Jon C. Ogg
October 22, 2007

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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