Investing

Pre-Market Stock News (June 26, 2007)

(BEXP) Brigham Exploration increased natural gas production guidance from 42-45MCF to 44-46MCF.
(BLK) Blackrock will acquire the fund of funds business of Quellos for up to $1.7 Billion.
(BSC) Bear Stearns has report in WSJ that it is reluctant to bail out a second hedge fund from last year.
(CERS) Cerus announced a supply pact for its INTERCEPT blood system for platelets to French national blood service.
(EAS) Energy East $28.50 buyout from Spain
(ENCY) Encysive Pharma traded up on new CEO replacement.
(EYE) Advanced Medical Optics lowered 2007-2008 EPS guidance below consensus due to recall of its MoisturePlus.
(GGP) General Growth Properties will replace Mellon in S&P 500 after close on Friday June 29.
(GILT) Gilat Satellite gets SkyEdge broadband satellite network.
(ITT) ITT Industries is acquiring international Motion Control for $395 million.
(IXYS) IXYS Corp. lowered revenue target to $70 to $72 Million from $74.99 Million.
(LEN) Lennar posted a loss instead of a small gain, and revenues were down more than 30%; shares indicated down 2-5%.
(MO) Altria plans to maximize its savings on tobacco production; will see pre-tax savings of $355 Million.
(OMC) Omnicom trading ex-split to reflect a 2-1 stock split.
(OPTT) Ocean Power Tech named a new COO.
(RAIL) Freightcar America put EPS at $0.85 to $0.95 vs $1.18 estimate; announced new 1900 hopper railcar orders.
(RDYN) Replidyne announced positive Phase I results for topical antibiotic REP8839.
(SCMM) SCM Micro sees revenues down approximately 20%.
(SWSI) Superior Well Services announced that officers David Wallace, Jacob Linaberger and Rhys Reese each adopted 10b5-1 stock trading plans.
(TEK) Tektronix increased share buyback plan for $350 million worth of shares.
(TGT) Target guided sales to lower end of a 3-5% range.
(TLCV) TLC Vision purchased 20 million at average $5.75 per share.
(ULBI) Ultralife Batteries announced orders valued at approx $1.8 million to supply batteries and chargers to a major defense contractor.
(VMSI) Ventana gets $75 buyout offer from Roche, although Ventana declined talks.

Jon C. Ogg
June 26, 2007

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