Pre-Market Stock News (August 13, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

(BEAS) BEA Systems trading up 6% pre-market on 3 upgrades: Raised to Buy at B of A; raised to Buy at UBS; raised to Outperform at Bear Stearns.
(BX) Blackstone earned posted revenues $975M vs $1.06 Billion.
(C) Citigroup disclosed $500+ million in credit losses, yet stock indicated higher.
(EMC) EMC trading up 2% ahead of VMware IPO pricing (as of now VMware IPO should price today and trade Tuesday).
(GS) Goldman Sachs is adding $3 Billion in additional capital into one of its ‘undervalued’ hedge funds.
(HOV) Hovnanian said quarterly net contracts are down 24% and forecast higher cancellations.
(IDEV)  Indevus Pharm announced receipt of a $49.9 Million milestone payment from Esprit Pharmaceuticals.
(LCRY) LeCroy $0.12 EPS vs. $0.06 est.
(MOT) Motorola signed contracts with China Mobile for nearly $400 million.
(NITE) Knight Trading said that Goldman Sachs invested for a minority interest in its Direct Edge ECN.
(PHTN) Photon Dynamics raised mid-point of range.
(Q) Qwest Communications names Edward A. Mueller Chairman and Chief Executive Officer
(SHLD) Sears is lowering KMart and Sears sales.
(SYY) Sysco Foods $0.49 EPS vs $0.46 est.
(USBE) US Bioenergy $0.15 EPS vs $0.12 est.

Jon C. Ogg
August 13, 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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