Pre-Market Stock News (December 17, 2007)
Below is a highlight of the top pre-market news affecting individual stocks: Acacia Research (ACTG) entered into a retroactive license agreement with Polo Ralph Lauren. Amtech Systems (ASYS) announced receipt of $8.9 million in additional Solar orders. Anesiva (ANSV) gets…
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Below is a highlight of the top pre-market news affecting individual stocks:
- Acacia Research (ACTG) entered into a retroactive license agreement with Polo Ralph Lauren.
- Amtech Systems (ASYS) announced receipt of $8.9 million in additional Solar orders.
- Anesiva (ANSV) gets an additional investment from Alta Partners for $25 million more.
- Covidien (COV) is selling its retail products business to First Quality Enterprises for about $335 million.
- Ingersoll-Rand (IR) is acquiring Trane (TT) for $48 per share In Cash & Stock.
- KBR (KBR) announced preliminary 2008 earnings guidance at $1.30 to $1.60 EPS, analyst expectations are $1.51.
- Kosan Biosciences (KOSN) announced meaningful anti-tumor activity in Tanespimycin Trials; showed 55% clinical benefits.
- Loews Corp (LTR) announced it will spin-off Lorillard tobacco unit.
- Monaco Coach (MNC) announced a $30 million stock buyback plan.
- MGI PHARMA (MOGN) said Aquavan NDA was accepted for review by FDA.
- PPG Industries (PPG) agreed to acquire bodyshop distribution business of Unipart Automotive.
- Rambus (RMBS) entered into Toshiba license agreement for Rambus XDR(TM) memory architecture for HDTV chipset.
- Silicon Motion (SIMO) put its Q4 revenues at the high-end of prior guidance.
- Take-Two Interactive (TTWO) has announced the formation of 2K Marin, a new development studio under its 2K publishing label.
- Telular Corp. (WRLS) appointed Joseph A. Beatty as its new CEO.
- Trane (TT) is being acquired by Ingersoll-Rand for $48 per share in Cash & Stock.
- Ultralife Batteries (ULBI) announced a $62 million order.
- Yum! Brands (YUM) appoints Roger Eaton as Chief Operating and Development Officer-Designate.
Jon C. Ogg
December 17, 2007
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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.
