Top Pre-Market Stock News (January 7, 2008)

Investing

Douglas A. McIntyre

Published: January 7, 2008 8:32 am

Below is a snapshot of some of the key impact news affecting stocks in pre-market trading this Monday, January 7, 2008:

AllianceBernstein (AB) noted as a hidden gem in Barron’s cover story.
Answers Corp. (ANSW) announced a collaboration with Nokia for Series 40 and S60 mobile devices.
Avocet (AVCT) lowered guidance
Biogen-Idec (BIIB) and Elan (ELN) say that the safety data continues to support a favorable benefit-risk profile for TYSABRI.
Celgene Corp. (CELG) trading up 5% after guidance is in-line for 2007 and issued new guidance for 2008.
CNET (CNET) had a Jana Partners-led investor group take a 21% stake and try to oust the board of directors.
Diana Shipping (DSX) trading up almost 2% on positive Barron’s article over weekend.
8X8 Inc. (EGHT) introduced a free international mobile calling plan with its new Packet8 MobileTalk trial.
hhgregg (HGG) reaffirmed 2008 EPS guidance of $0.95 to $1.03 vs. $1.00 est.; s-s-s up 3%.
JA Solar (JASO) announced a 3 for 1 stock split.
Jefferies (JEF) issued earnings warning.
Krispy Kreme (KKD) announced it has elected a new CEO.
Microsoft (MSFT) said at "CES" it had 100 million licenses sold of Windows Vista; 17.7 million Xbox 360’s, 10 million Xbox live users; will have new content downloads.
Napster (NAPS) will sell music with less copyright protection as MP3 files.
Nice Systems (NICE) received multi-million dollar orders from 2 of the top-3 US banks for fraud alert.
Rogers Communications (RCI) raised annual dividend from $0.50 to $1.00 and put 2008 revenues $11.2 to $11.5 Billion versus $11.25 Billion estimates; announced share buyback.
Schnitzer Steel (SCHN) missed earnings and revenue targets; stock trading down 1% so far.
Sony (SNE) introduces new tri-recording video Camcorder at "CES".
TASER (TASR) unveils its new leopard print TASER C2 personal protection device at the 2008 International Consumer Electronic tradeshow in Las Vegas today.
Zumiez (ZUMZ) said December s-s-s was +3.9%, but guided lower; shares down over 1%.

Jon C. Ogg
January 7, 2007

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