Posts for Ticker ‘PCS’

Unusual Friday Options Activity (AAPL, GOOG, BAC, LEAP, PCS, DRYS, YHOO)

We have seen some unusual options trading today.  As you would expect, some is around today’s 4:00 PM close  with today being options expiration date.  But some bets are way out into 2011 and we have some around merger rumors.  All have links with full details on the options trading analysis at VSInvestor:

Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) are both seeing very active trading around expiration date today, and the closest strikes are acting as magnets.

Bank of America Corp. (NYSE: BAC) has seen a very bullish bet in options out to 2011.

There is some elevated Dec-2009 Call options activity in both Leap Wireless International Inc. (NASDAQ: LEAP) and MetroPCS Communications Inc. (NYSE: PCS) on today’s re-rumor of a potential deal coming back up.

DryShips, Inc. (NASDAQ: DRYS) is very active in the stock after an increased convertible note offering, yet the options activity seen today seems muted.

Yahoo Inc. (NASDAQ: YHOO) has a big bet out in January 2011 options expiration.

You can join our open email distribution list to hear more news on key analyst calls, top day trader alerts, mergers and acquisitions, Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG
NOVEMBER 20, 2009

Posted on: November 20, 2009 – 3:24 pm in Options, Rumors, Trading Alert, , , , , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (AMZN, BAC, BA, BSX, F, LEAP, PCS, SPR, UA, WEN)

These are this Tuesday’s top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls which we have seen early in the morning:

Amazon.com (NASDAQ: AMZN) Raised to Outperform at Oppenheimer.
Bank of America (NYSE: BAC) Raised to Outperform at RBC Capital Markets.
Boeing Co. (NYSE: BA) Cut to Underweight at Morgan Stanley.
Boston Scientific (NYSE: BSX) Cut to Market Perform at Wells Fargo.
Ford Motor Co. (NYSE: F) Raised to Equal Weight at Barclays.
Leap Wireless (NASDAQ: LEAP) Cut to Neutral at Goldman Sachs.
Metro PCS (NYSE: PCS) Cut to Neutral at Goldman Sachs.
Spirit Aerosystems (NYSE: SPR) Cut To Underweight at Morgan Stanley.
Under Armour (NYSE: UA) Started as Outperform at William Blair.
Wendy’s/Arby’s (NYSE: WEN) Cut to Neutral at UBS; Started as Neutral at Bank of America Merrill Lynch.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

Jon C. Ogg
October 20, 2009

Posted on: October 20, 2009 – 7:45 am in Analyst Calls, , , , , , , , , ,

Stocks That Missed the Rally (ABT, MO, AWK, BKC, ENER, GENZ, KR, ORB, WMT, LEAP, PCS)

Here we are going into yet another earnings season.  We saw Monday how the market has rallied significantly from the March lows and the major indexes are even up in positive territory for the 2009 calendar.  The DJIA is up 51% from its absolute lows of March, and the S&P 500 has rallied more than 61% from its absolute lows in March.  If you look at the December 31, 2008 closing bell levels, the DJIA is now up about 12.75% and the S&P 500 is now up more than 19% year-to-date.

But almost as always, there are still some key very large and/or very active stocks which have not recovered anywhere close to the same amounts with the overall stock markets.  Some of these lagging stocks are Abbott Laboratories (NYSE: ABT), Altria Group Inc. (NYSE: MO), American Water Works Company, Inc. (NYSE: AWK), Burger King Holdings Inc. (NYSE: BKC), Energy Conversion Devices, Inc. (NASDAQ: ENER), Genzyme Corp. (NASDAQ: GENZ), Kroger Co. (NYSE: KR), Orbital Sciences Corp. (NYSE: ORB) and Wal-Mart Stores Inc. (NYSE: WMT).  Two similar situation stocks that are Leap Wireless International Inc. (NASDAQ: LEAP) and MetroPCS Communications Inc. (NYSE: PCS).  We wanted to explore the forward values and relative performance, and the consensus estimates based upon Thomson Reuters data.  Only two of these stocks have market capitalization rates under $1 billion, and almost all are very actively traded and well known in their sectors.
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Posted on: October 12, 2009 – 5:03 pm in Biotech, Charts, Consumer Goods, Defensive Stocks, Dividend, Editor's Picks, Retail, Utilities, Value Investing, Water, , , , , , , , , , ,

MetroPCS Merger Hopes… A Leap or Prayer? (PCS, LEAP, VM, S)

Bull and Bear ImageIf you are a regular reader of 24/7 Wall Street, the notion that MetroPCS Communications Inc. (NYSE: PCS) might be a merger play won’t be a surprise.  We first noted back in early August after Sprint Nextel Corporation (NYSE: S) and Virgin Mobile USA (NYSE: VM) merged that its old deal with Leap Wireless International Inc. (NASDAQ: LEAP) could likely be rekindled. Today, shares of MetroPCS and Leap Wireless were both winners from today’s trader gossip.
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Posted on: September 11, 2009 – 4:04 pm in Mergers and Buy Outs, Rumors, Telecom, Wireless, , , ,

The Unusual Suspects (MS, GENZ, SPPI, CBST, DNDN, OPXA, BRK-A, FRED, GSIC, AMAT, WMT, LEAP, PCS)

We have some very unusual developments that came late in the week that we want you to keep on your watch lists for the coming week.  We also included the big events coming down the pipe for next week.  Morgan Stanley (NYSE: MS) is of ongoing interest.  Genzyme Corp. (NASDAQ: GENZ), Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI), Cubist Pharmaceuticals Inc. (NASDAQ: CBST), Dendreon Corp. (NASDAQ: DNDN), Opexa Therapeutics, Inc. (NASDAQ: OPXA) are all of special interest this next week.  Other key issues to watch will be Berkshire Hathaway Inc. (NYSE: BRK-A), Fred’s Inc. (NASDAQ: FRED), GSI Commerce Inc. (NASDAQ: GSIC), Applied Materials Inc. (NASDAQ: AMAT), Wal-Mart Stores Inc. (NYSE: WMT), Leap Wireless (NASDAQ: LEAP), and MetroPCS (NYSE: PCS).
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Posted on: August 8, 2009 – 11:47 am in Biotech, Calendar, Earnings, Economy, Rumors, Secondary Offering, Semiconductor, Technology Companies, Wireless, , , , , , , , , , , , ,

Time To Revisit Cellular Merger in Pre-Paid & No-Contract (LEAP, PCS, VM, S, T, AMX, DT)

money-stack-imageLeap Wireless International Inc. (NASDAQ: LEAP) made our volume spike alert this morning based on last night’s dismal earnings results.  But after a deeper look, there is an old reminder here that might need to be brought back up.  And the company might need to consider it.  The pending merger between Sprint Nextel Corporation (NYSE: S) and Virgin Mobile USA (NYSE: VM) creates a powerful competitor in the space of pre-paid wireless by combining operations (but not names) of Virgin and Boost.

Back September 2007, MetroPCS Communications, Inc. (NYSE: PCS) sent a letter to Leap Wireless management proposing a strategic merger that would have made it the fifth largest wireless carrier.  Based on how bad Leap’s figures were, it may be time for a revisit of what that merger might look like today.  After all, it was Leap’s turn in the barrel yesterday where its shares went roughly to $9.00 after being above $12.50 on Wednesday.

The prepaid wireless sector is very competitive.  For starters, AT&T (NYSE: T) has its GoPhone.  AMERICA MOVIL, S.A.B (NYSE: AMX) owns the TracFone.  T-Mobile is owned by Deutsche Telekom (NYSE: DT), and it offers T-Mobile To Go.  A further look at the numbers may show that the combination could be one of need rather than one of greed.
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Posted on: August 7, 2009 – 11:44 am in Mergers and Buy Outs, Rumors, Telecom, Wireless, , , , , , ,

Top 10 Analyst Upgrades & Downgrades (CROX, FTE, MMC, PCS, WTR, LEAP, NVO, RRGB, TI, TRI)

Everyone is on hold for jobs data, but there are still pre-market research calls.  These are the top ten analyst calls we saw for upgrades and downgrades this Friday morning:

Crocs (CROX) Raised to Overweight at Piper Jaffray.
France Telecom (FTE) Raised to Overweight at JPMorgan.
Marsh & McLennan (MMC) Raised to Buy at UBS.
MetroPCS (PCS) Raised to Hold at Auriga.
Aqua America (WTR) Cut to Neutral at HSBC.
Leap Wireless (LEAP) Cut to Market Weight at Thomas Weisel; Cut to Hold at Soleil.
Novo Nordisk (NVO) Cut to Neutral at Goldman Sachs; Cut to Neutral at JPMorgan; Cut to Neutral at UBS.
Red Robin Gourmet (RRGB) Cut to Perform at Oppenheimer.
Telecom Italia (TI) Cut to Neutral at BofA/Merrill Lynch.
Thomson Reuters (TRI) Cut to Underperform at Jefferies.

JON C. OGG

Posted on: August 7, 2009 – 8:00 am in Analyst Calls, , , , , , , , , ,

Analyst Upgrades & Downgrades in Tech & Telecom (AKAM, DRIV, IFX, LEAP, PCS, NETL, SAP, TEL)

These are the top upgrades, downgrades, and new coverage calls from Wall Street analysts in technology and telecom this Thursday morning:

Akamai Technologies (NASDAQ: AKAM) Cut to Hold at Jefferies; Cut to to Neutral from Buy at Merriman Curhan Ford.
Digital River (NASDAQ: DRIV) Cut to Hold at Deutsche Bank.
Infineon (NYSE:IFX) Raised to Buy at RBS.
Leap Wireless (LEAP) Cut to Neutral at RW Baird.
MetroPCS (NYSE: PCS) Cut to Neutral from Outperform at RW Baird…
NetLogic (NASDAQ: NETL) Cut to Neutral from Outperform at RW Baird.
SAP AG (NYSE: SAP) Raised to Hold from Sell at Societe Generale.
Tyco Electronics (NYSE: TEL) Raised to Buy from Neutral at UBS.

Jon C. Ogg
July 30, 2009

Posted on: July 30, 2009 – 8:12 am in Analyst Calls, Technology Companies, Telecom, , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (SCHW, HSY, LEAP, PCS, MSFT, NFLX, POT, PLD, RSH, SPWRA)

These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Friday morning with about two hours until the market opens for trading:

Charles Schwab (SCHW) Cut to Hold at Citigroup.
Hershey Foods (HSY) Cut to Sell at Deutsche Bank, but was Raised to Neutral at Credit Suisse.
Leap Wireless International (LEAP) Started as Buy at SunTrust Robinson Humphrey.
MetroPCS (PCS) Started as Buy at SunTrust Robinson Humphrey.
Microsoft (MSFT) Cut to Market Perform at FBR.
Netflix (NFLX) Cut to Underperform at Oppenheimer.
Potash Corp. (POT) Cut to Neutral at JPMorgan.
ProLogis (PLD) Raised to Neutral at JPMorgan.
RadioShack (RSH) Raised to Outperform at RBC.
SunPower (SPWRA) Raised to Outperform at FBR.

JON C. OGG
JULY 24, 2009

Posted on: July 24, 2009 – 6:45 am in Analyst Calls, , , , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (AZN, BAS, BRNC, BCS, DB, PCS, MYL, PTEN, PDC, WSH)

These are the top 10 early bird analyst upgrades and downgrades we have seen in Wall Street research calls early this Thursday morning with over two hours until the market opens:

AstraZeneca (AZN) Cut to Underperform at Jefferies.
Basic Energy Services (BAS) Cut to Sell at UBS.
Bronco Drilling (BRNC) Cut to Sell at UBS.
Barclays (BCS) Raised to Overweight at Morgan Stanley.
Deutsche Bank (DB) Raised to Overweight at MOrgan Stanley.
MetroPCS (PCS) remains Sell at Auriga.
Mylan Labs (MYL) Cut to Underperform at Bernstein.
Patterson-UTI (PTEN) Cut to Sell at UBS.
Pioneed Drilling (PDC) Cut to Sell at UBS.
Willis Group (WSH) Started as Buy at Sun Trust Robinson Humphrey.

JON C. OGG

Posted on: May 14, 2009 – 6:24 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (ADTN, AFL, CBS, DDUP, ENR, INWK, PCS, PTRY, RGLD, SYK)

Burning_money_pic_2These are some of this Tuesday’s top pre-market analyst downgrades and cautious research calls from Wall Street that we have seen with more than two hours until the opens:

  • ADTRAN (ADTN) Started as Equal-Weight at Barclays.
  • AFLAC (AFL) Cut to Hold at Deutsche Bank.
  • CBS (CBS) Cut to Underperform at Bernstein.
  • Data Domain (DDUP) Started as Sell at Broadpoint AmTech.
  • Energizer (ENR) Cut to Sell at UBS.
  • Innerworkings (INWK) Cut to Hold at Jefferies.
  • MetroPCS (PCS) Cut to Sector Perform ar RBC.
  • Pantry (PTRY) Cut to Market Perform at FBR.
  • Royal Gold (RGLD) Cut to Underweight at HSBC.
  • Stryker (SYK) Cut to Hold at Needham.

Jon C. Ogg
January 27, 2009

Posted on: January 27, 2009 – 7:17 am in Analyst Calls, , , , , , , , , ,

Early Bird Analyst Upgrades (BJS, CHS, FSLR, GNCMA, MDTH, PCS)

These are some of the top early bird upgrades or positive calls from analysts on Wall Street which we have seen early this Tuesday morning:

  • BJ Services (BJS) Raised to Outperform at Wachovia.
  • Chico’s FAS (CHS) Raised to Neutral at UBS.
  • First Solar (FSLR) Started as Overweight at JPMorgan.
  • General Communications (GNCMA) Raised to Outperform at RBC.
  • Medcath (MDTH) Raised to Hold at Citigroup.
  • MetroPCS (PCS) Raised to Outperform at RBC.

Jon C. Ogg
November 18, 2008

Posted on: November 18, 2008 – 7:33 am in Analyst Calls, , , , , ,

Top 10 Pre-Market Analyst Calls (AAPL, GLW, FNM, FRE, JBL, KCI, LVLT, PCS, TWTC, WM)

These are the top individual analyst calls we are focusing on this Tuesday morning:

  • Apple (NASDAQ: AAPL) Cut to Underperform from Market Perform at Morgan Keegan.
  • Corning (NYSE: GLW) raised to Outperform at RBC Capital Markets.
  • Fannie Mae (NYSE: FNM) raised to Overweight at Lehman.
  • Freddie Mac (NYSE: FRE) raised to Overweight at Lehman.
  • Jabil Circuit (NYSE: JBL) Cut to Neutral from Buy at Goldman Sachs.
  • Kinetic Concepts (NYSE: KCI) Raised to Outperform at Wachovia.
  • Level 3 Communications (NASDAQ: LVLT) Started as Market Perform at FBR.
  • MetroPCS (NYSE: PCS) Raised to Outperform from Market Perform at Wachovia.
  • Time Warner Telecom (NASDAQ: TWTC) Started as Outperform at FBR.
  • Washington Mutual (NYSE: WM) downgraded to Underperform at KBW.

Jon C. Ogg
April 8, 2008

Posted on: April 8, 2008 – 7:10 am in Analyst Calls, , , , , , , , , ,

Pre-Market Stock News (November 14, 2007)

Below is some of the top news pre-market:

  • Applied Materials (AMAT) reports earnings after close; estimates are $0.29 EPS & R$2.38B.
  • BEA Systems (BEAS) said it expects to submit SEC filings tomorrow to regain compliance.
  • Canadian Solar (CSIQ) trading up over 25% after beating earnings and raising guidance.
  • CDC Corp. (CHINA) announced that its CDC Software expects record revenues this quarter.
  • E*Trade (ETFC) trading up another 3% pre-market.
  • GigaMedia (GIGM) $0.17 EPS vs $0.14 est.
  • HSBC Holdings plc (HBC) taking a $3.4 Billion charge on bad loans in U.S.
  • Meridian BioScience (VIVO) $0.16 EPS vs $0.15 est.
  • MetroPCS (PCS) $0.15 EPS vs $0.13 est.
  • Northstar Neuroscience (NSTR) now expects to unblind EVEREST data and announce primary endpoint results in Jan-2008 and submit PMA early in Q2-2008; for stroke motor recovery and its planned PMA submission; after FDA communications.
  • Pepsico (PEP) reaffirmed guidance of $3.39 EPS for 2007 and cash flows of $7 Billion.
  • Qualcomm (QCOM) hosts its analyst day, Dutch court dismissed one of Nokia’s patent claims against Qualcomm; announced acquisition of Firethorn for mobile banking.
  • Rigel Pharms (RIGL) said that Merck-Serono exercised an option to R763/AS703569 and Aurora Kinase inhibitors in Japan.
  • Rockwell Collins (COL) increased its buyback plan by $300 million.
  • Taser (TASR) reported 3 large orders that will ship this quarter.

Jon C. Ogg
November 14, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Posted on: November 14, 2007 – 8:19 am in Pre-Market Activity, , , , , , , , , , , , ,

The 52-Week Low Club

Citadel Broadcasting  (CDL) Big charge in last quarter on write-down of radio assets. Down to $2.31 from 52-week high of $11.01.

Metropcs Communications (PCS) Potential merger candidate Leap has bad quarter. Down to $15.83 from 52-week high of $40.87.

Circuit City Stores (CC) Retail sales weak at almost every chain. Falls to $6.59 from 52-week high of $25.76.

Leap Wireless (LEAP) Restatements, bad earnings. Drops to $36.55 from 52-week high of $99.04.

Clearwire (CLWR) WiMax partnership with Sprint (S) tanks. Falls to $13.03 from 52-week high of $35.41.

Allscripts Healthcare (MDRX) Outlook misses forecasts. Drops to $16.26 from 52-week high of $31.38.

Douglas A. McIntyre

Posted on: November 9, 2007 – 4:18 pm in HI/LOW, , , , , ,

The 52-Week Low Club

Dominos Pizza (DPZ) Quarterly profits drop along with shares. Down to $14.22 from 52-week high of $35.67.

Standard Pacific (SPF) Home builder on a day with more bad news about housing sales. Off to $4.18 from 52-week high of $30.52.

Metropcs Communications (PCS) Still dogged by weak wireless subscriber growth. Falls to $22.28 from 52-week high of $40.87.

McClatchy (MNI) Weak results at newspaper chain. Falls to $18.50 from 52-week high of $44.95.

Rite Aid (RAD) Poor same-store sales still taking toll. Down to $4.13 from 52-week high of $6,74.

Movie Gallery (MOVI) Best excuse for falling shares. Went bankrupt. Down to $.19 from 52-week high of $5.29.

Ericsson (ERIC) Wall St devastated by bad earnings. Shares fall down to $30.59 from 52-week high of $43.41.

Fifth Third Bancorp (FITB) Mortgage and consumer credit worries. Falls to $31.05 from 52-high of $43.42.

Douglas A. McIntyre

Posted on: October 16, 2007 – 3:59 pm in HI/LOW, , , , , , , ,

Leap Wireless Turns Down MetroPCS

Leap Wireless (LEAP) has turned away a takover offer from competitor MetroPCS (PCS).

According to Reuters "Leap said the bid was too low because it did not reflect the company’s strong growth prospects and said Leap was better positioned than MetroPCS within the industry."

The $69 per share bid did seem low. In June, LEAP traded at $99. The companies stock was then hammered back to Earth by its latest earnings. Leap’s revenue rose 47 percent to $393.2 million in the quarter, up from $267.9 million during the same quarter a year ago. Net income fell to $3.2 million, or 5 cents per share, from $7.5 million, or 12 cents per share, during the same quarter in 2006.

LEAP shareholder now have to decide whether the last quarter was a "one time" miss or whether management is unable to get costs and subcriber churn under control.

Douglas A. McIntyre

Posted on: September 16, 2007 – 4:34 pm in Mergers and Buy Outs, ,

Cramer Interviews Mark Hurd, CEO of H-P (HPQ, MSFT, CSCO)

On tonight’s MAD MONEY on CNBC, Jim Cramer said again that tech is where you want to be going into Q4, and if you don’t yet have tech that Hewlett-Packard (NYSE:HPQ) is the one stock where can still invest in easily in the sector.  He liked the earnings numbers and the raised guidance, but Cramer already telegraphed for tonight all day as hosting a CEO Mark Hurd interview today.  This is not one of Cramer’s NEW HORSEMEN OF TECH, but it is definitely one he’s been behind for quite some time as he called Hurd a transformational CEO. It is up 20% for the year, and here is what one of his favorite CEO’s said (answers are summary, not verbatim):

As far as what happened after Hurd took over? ANSWER: no tricks, just focused on fundamentals and worked on cost structure. Innovation, service, fundamentals.

As far as Chambers of Cisco Systems (NASDAQ:CSCO) saying this is the most bullish environment?  ANSWER: Best days are ahead and not behind it.

Strength of earnings? ANSWER: 65% revenue is outside US, strong growth in consumer and mobility all help, plus discipline in spending.

Is Microsoft’s (NASDAQ:MSFT) WINDOWS VISTA Finally Kicking in?  ANSWER: It is helpful, although they never expected a Vista moment.

On Component Costs helping ahead? ANSWER: They are largest customer so they get the best deal. It may continue to benefit.

Acquisitions? ANSWER: They buy leaders, data center automation is where they will lead.

As far as PC differentials from each other? ANSWER: DESIGN, SERVICE, SUPPORT, FEATURES, INNOVATION.

H-P now has $131 Billion market cap as of the close.  H-P shares closed up 1.6% at $50.14 on the day in regular trading, and shares rose another 0.5% after the interview.  By the way, today appears to be a year-high close.

Jon C. Ogg
September 4, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: September 4, 2007 – 5:22 pm in Cramer, , , , , , , ,

What Does a Combined Leap Wireless & MetroPCS Look Like? (LEAP, PCS)

This morning there was a somewhat surprising merger announcement, although some have speculated this merger was inevitable. 

MetroPCS Communications, Inc. (NYSE:PCS) has sent a letter to Leap Wireless International, Inc. (NASDAQ:LEAP) proposing a tax-free merger to create a fifth national wireless carrier. Under the terms of the proposal, each outstanding share of Leap common stock would be exchanged for 2.75 shares of MetroPCS common stock.  The recent stumble after Leap’s last earnings and the lowered outlookahead may help expedite a deal that might have otherwise been inreverse.

After it is all said and done, this would make approximately $5.5 Billion in aggregate equity value; and MetroPCS will assume or refinance approximately $2.0 Billion of Leap’s existing indebtedness.  MetroPCS believes the proposed combination could result in synergies with an estimated net present value of approximately $2.5 billion, which could represent significant further value to Leap’s shareholders of approximately $12.34 for each share of Leap common stock.  MetroPCS believes that since its initial public offering in April of this year, Leap’s stock price has traded in part in anticipation of a merger between the two companies.

MetroPCS believes a merger would achieve meaningful cost savings through market-level operating efficiencies and overhead reductions. MetroPCS’ and Leap’s existing market operations are complementary and MetroPCS believes that the expanded service areas would likely benefit from incremental improvements in customer penetration and retention and combined would reach the top 200 US markets. 

There is always the argument that after recent weakness this could be a predator being able to buy a more established company on the cheap.  But after the internals got worse at Leap after the last earnings this may be a hard point to argue against.  Wall Street is so far endorsing the thought of a deal right out of the chute.  MetroPCS Communications Inc. (PCS) shares are indicated up 3.7% at the open and Leap Wireless International Inc. (LEAP) shares are up over 10% at $80.50 or better out of the chute.

If this deal were to close immediately and at the stated offering share conversion of 2.75 to 1.0, a $27.50 price on MetroPCS would equate a $75.625 price.  So the belief must be that this is just a starting offer to combine operations.

Jon C. Ogg
September 4, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: September 4, 2007 – 8:40 am in Mergers and Buy Outs, Telecom, Wireless, , , ,

Pre-Market Analyst calls (August 8, 2007)

ACLS raised to Equal Weitght at Lehman.
AEG cut to Peer Perform at Bear Stearns.
ALXN cut to Neutral at Credit Suisse.
CSC raised to Hold at Jefferies.
CSCO raised to Outperform at Bear Stearns.
DKS cut to Hold at Citigroup.
ENN raised to Outperform at Baird.
GNEt started as Buy at Oppenheimer.
GNW raised to Buy at UBS.
HLYS downgraded at JPMorgan, Wachovia, Baird, CIBC.
HS started as Neutral at B of A.
IPGP raised to Overweight at Lehman.
LEAP cut to Mkt Perform at Wachovia.
OVTI raised to Overweight at JPMorgan.
PCLN raised to Positive at Susquehanna.
PCS cut to Mkt Perform at Wachovia.
PSPT raised to Outperform at Piper Jaffray.
RDN cut to Hold at Citigroup.
TRLG raised to Outperform at FBR.
WMG raised to Buy at Citigroup.

Jon C. Ogg
August 8, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 8, 2007 – 6:34 am in Analyst Calls, , , , , , , ,