Market Currents

• Wednesday, December 16, 2009

• 17:06 PM Starent Networks (STAR) says DoJ and FTC have cleared its $35/share acquisition by Cisco Systems (CSCO), meaning the deal can close in coming days. [[STAR]] +0.9% AH to $34.91. (PR) Comment!

• Friday, December 11, 2009

• 14:56 PM Starent Networks (STAR -0.1%) shareholders approve of acquisition by Cisco Systems (CSCO -1%) for $35/share in cash. Starent makes equipment bridging wireless phone users to the Internet. Comment!

• Thursday, October 29, 2009

• 00:10 AM Notable post-market earnings: AB, BMC, BYI, CLF, DTE, ELY, GNW, HTZ, IM, KLAC, LVS, MET, MFE, MHK, MTW, MXIM, PKI, POM, RGC, RNWK, SBAC, SPF, STAR, SWN, VAR Comment!

• Tuesday, October 13, 2009

• 09:10 AM Cisco (CSCO) is buying Starent Networks (STAR), leading supplier of mobile internet solutions, for $2.9B, or $35/share in cash. (PR) STAR closed Monday at $29.20; shares are halted. CSCO -0.9% premarket to $23.57. Comment!

• Thursday, July 23, 2009

• 17:13 PM Starent Networks (STAR): Q2 EPS of $0.20 beats by $0.03. Revenue of $78M (+28%) vs. $76M. Shares -2.3% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: AMP, AMZN, AXP, BIDU, BLUD, BNI, BRCM, BUCY, CA, CAKE, CB, CENX, CNW, COF, COG, CPWR, DDR, DDUP, EMN, FII, INFA, JNPR, KLAC, LEG, MSFT, NFLX, PMCS, RFMD, RMBS, RVBD, SNV, SPWRA, STAR, TCO, WFR, WRE Comment!

• Friday, April 24, 2009

• 09:02 AM Premarket gainers: DDR +34%. F +24%. RVBD +13%. CAKE +13%. RAD +12%. INFA +11%. STAR +10%. AXP +9%. JNPR +8%. HMY +7%. TS +6%. GFI +6%. SLB +6%. LVS +5%. FIG +4%. FIG +4%. MSFT +4%. TOT +4%.
  Losers: UCBH -19%. IBKR -15%. CPN -9%. CYBS -8%. MAR -4%. ACI -4%. NFLX -3%. VOD -3%. SD -3%. Comment!

• Thursday, April 23, 2009

• 15:10 PM Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW Comment!
• 00:10 AM Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW Comment!

• Wednesday, April 1, 2009

• 13:21 PM Alcatel-Lucent (ALU) names Verizon Wireless (VZ, VOD) as a customer. Starent's (STAR) days as Verizon Wireless' only supplier appear to be numbered. Comment!