Pre-Market Stock News (November 9, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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  • Allscripts (MDRX) traded down 25% after missing earnings estimates and after lower guidance for 2007 and 2008.
  • American Tower (AMT) replacing Alltel (AT) in S&P.
  • ARM Holdings plc (ARMHY) trading down about 4% pre-market.
  • Barclays (BCS) trading down 4% over rumors of credit losses and rumors of excutive departures.
  • Clearwire’s (CLWR) WiMAX offering with Sprint is being called off; shares down 15%.
  • Estee Lauder (EL) named new head from P&G; raised dividend and announced a share buyback.
  • IMAX (IMAX) -$0.19 EPS vs -$0.07 est.
  • JA Solar (JASO) traded up 5% after earnings.
  • Jones Soda (JSDA) traded down 15% after earnings
  • Manitowoc (MTW) being added to S&P.
  • Merck (MRK) settling about 1/3 of outstanding lawsuits on Vioxx for some $4.5 Billion.
  • Mirants (MIR) $1.14 EPS vs $0.84 est.; announced a $1 Billion share buyback.
  • NVIDIA (NVDA) traded up 6% after earnings and guidance, but shares were initially down in after-hours trading.
  • Priceline (PCLN) trading up over 10% after beating earnings.
  • Qualcomm (QCOM) trading down 7% after guidance disappointed.
  • Siemens (SI) announced a multi-billion Euro buyback in shares.
  • Starwood (HOT) raised dividend to rate of $0.90/year and added $1 Billion to share buybacks.
  • Wachovia (WB) taking a $1.1 Billion writedown on CDO’s; stock down 3%.

Jon C. Ogg
November 9, 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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