Pre-Market Stock News (APR 2, 2007)

(AAPL) Apple’s iTunes will drop the antipiracy software of EMI’s music.
(ACAD) Acadia announced update filing for its 5 million share offering to include 750,000 shares for the overallotment.
(ADG) Allied Defense Group CFO is leaving April 6 to join a private company.
(ALLT) Allot Communications lowered guidance.
(BMET) Biomet disclosed it found backdating in options review.

(CEPH) Cephalon gets approvable letter but will have to have strong warnings.
(CREAF) Creative Labs lowered guidance to $20 million loss.
(FDC) First Data will be acquired by KKR for $34.00 cash in a $29 Billion deal.
(FMD) First Marblehead noted in Barron’s as potentially having problems because of risks to the student loans that it has made.
(GISX) Global Imaging Systems is being acquired by Xerox for $29.00 per share in cash.
(GOOG) Google now may join the bidding against Microsoft for Doubleclick.
(HOT) Starwood CEO has resigned as the company lost confidence in his leadership.
(HPQ) H-P noted more Favorably than Dell in PC turnarounds so far in Barron’s.
(HSY)Hershey’s Family Trust said it will not give up control of its 78%voting stake in any deal including the potential Cadbury deal.
(JSDA) Jones Soda noted very positively by Cramer on MAD MONEY.
(MEH) Midwest Air tender price increased by Aitran (AAI) to $15.00; $9.00 is cash and 0.5842 in stock.
(MO) Altria has completed its Kraft spin-off.
(MRK) Merck’s Diabetes pill combination Janumet won FDA approval.
(MTB) M&T Bank lowered guidance.
(NKE) Nike set to trade ex-split to reflect the 2-1 stock split.
(NOK) Nokia lowers growth targets for mobile & fixed infrastructure along with Siemens in venture sales.
(PNTR) Pointer Telocation raised $8.5M in private placement.
(RRC) Range Resources sold its Gulf of Mexico properties for $155 million and will record a $100 million gain.
(SJM) J.M.Smucker pays $248 million to buy Eagle Family Foods.
(SVR)Syniverse is acquiring the wireless clearing and financial settlementoperations of Billing Services Group for $290 million in cash.
(SVVS) Savvis gets IT host and infrastructure pact from Reuters.
(T) AT&T in negotiating an investment in Telecom Italia (TI).
(TRB) Tribune set near a deal with Sam Zell according to reports.
(WYE) Wyeth was noted as the best bet for Alzheimer’s Disease in near future on Barron’s cover story.

Jon C. Ogg
April 2, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.