Wednesday Pre-Market Notes by Stock Ticker

by: Jon Ogg

Via (News Contrast):

(NASDAQ:ADBE) Adobe reiterated $0.30-0.32 EPS vs $0.32e and R$425-435M vs $431+M(e); Targets FY08-FY12 revenue about doubling by 2012 and sets a long-term 15% CAGR.
(AXA) AXA is reportedly close to a sale of its reinsurance unit.
(NYSE:AYI) Acuity Brands $0.37 EPS vs $0.36e.
(BIVN) Bioenvision says its Evoltra gets high response rates in adult Acute Myeloid Leukemia.
(BMET) Biomet was noted as neutral at Cowen, although they believe Smith & Nephew is the most likely buyer with a $42 to $45 price; JPMorgan said to take profits as a deal may be unlikely.
(NASDAQ:BOBE) Bob Evans Farms s-s-s -0.5%.
(BRCM) Broadcom reports a collaboration and supply pact with Vonage.
(NASDAQ:CECO) Career Education noted that the SEC recommended termination of its investigation with no enforcement being recommended.
(OTCPK:CREAF) Creative Labs announced a significant revenue warning.
(DIS/S) Disney is set to unveil a cell phone for children today in a sales pact with Sprint.
(DSCO) Discovery Labs gets a second approvable letter from FDA with conditions.
(EICU) Visicu priced its IPO at $16.00, above the $13-15 range.
(NASDAQ:EXFO) EXFO Electro-Optical $0.02/R$30.1M vs $0.03/$28.9M(e).
(NYSE:FMD) First Marblehead announced new student loan pact with Bank of America through 2008.
(GAP) Great Atlantic & Pacific declared a special $7.25 dividend.
(NYSE:GM) GM’s gains from stake in GMAC may be offset by accounting changes according to WSJ.
(NASDAQ:GOOG) Google gets a pact from Clear Channel Communications for its 1,100 radio stations that supposedly have 7M unique search users per month.
(NYSE:IEX) Idex hiked dividend from $0.12 to $0.15.
(NASDAQ:JOBS) 51-Jobs is selling 8.45M shares in private transaction at $13.00 per share.
(NYSE:MDT) Medtronic got a positive article online from Barron's.
(MFE) McAfee is acquiring SiteAdvisor, a site that tests and rates other sites.
(MIVA) Miva announced both its president and CEO are being replaced effective immediately although they are both remaining on the board.
(NYSE:MON) Monsanto $1.60 EPS vs $1.51e.
(NASDAQ:MRCY) Mercury Computer issued a significant revenue warning over weakness in defense business and technical problems.
(MTCT) MTC Tech gets potential $18M contract ($13.1M already funded) for Air Force weapons systems.
(MXO) Maxtor earnings and revenue warning.
(NASDAQ:NOVL) Novell boosted its share buyback from $200M to $400M.
(OMTR) Omniture filed to sell $120M in common stock.
(NYSE:ORA) Ormat Tech 3.5M share Secondary priced at $35.50.
(NASDAQ:PERY) Perry Ellis signed a license pact with Levi Strauss over Dockers.
(NASDAQ:PFCB) PFChangs s-s-s +1.3%; Q1 R$228.6M vs $229.25M(e).
(NASDAQ:PMCS) PMC Sierra aquired privately-held Passave Inc for $300M in stock.
(NASDAQ:PNRA) Panera Q1 R$194M vs $196M(e).
(PRW) Pro-Pharmaceuticals reports preliminary data shows an objective partial Tumor Response in Phase II colorectal cancer trial evaluating DAVANAT(NYSE:R).
(NASDAQ:QTRX) QuatRx Pharma-QTRX filed to sell 6M shares of common stock.
(NYSE:RXN) RBS Global filed to sell up to $400M of common stock.
(SGTL) SigmaTel files patent case against Telechips in South Korea.
(NASDAQ:SHLD) Sears Holdings raised share buyback program by an additional $500M, including the $30M remaining in the original $1B buyback plan.
(NASDAQ:SIMO) Silicon Motion Technology lowered guidance.
(OTCPK:TGIC) Triad Guarantee announced new CFO.
(NASDAQ:TRAD) Tradestation is replacing NATRE in S&P Small Cap 600 Index as of today's close over NATRE's non-compliance.
(NASDAQ:UNTD) United Online replaces BCF in S&P Small Cap 600 Index as of close today because of BCF being acquired.
(NASDAQ:VRTX) Vertex is starting Phase II studies on VX-680, an investigational drug candidate targeting Aurora kinase.
(NYSE:WMT) Wal-Mart said it will expand into lower income areas.


AAPL lowered est’s but reitr Outperform at CSFB; UBS positive on stock.
AINV raised to Overweight at JPMorgan.
ALXN started as Outperform at Piper Jaffray.
AMIS cut to Neutral at CSFB.
AN started as Peer Perform at Bear Stearns.
ASD reitr Buy and tgt raised to $48 at Deutsche Bank.
ASN raised to Outperform at Wachovia.
ATK maintained peer perform at Thomas Weisel.
BOL cut to Peer Perform at Bear Stearns.
BRE raised to Mkt Perform at Wachovia.
CBST started as Outperform at Piper Jaffray.
CELG started as Outperform at Piper Jaffray.
CPT/UDR cut to Mkt Perform at Wachovia.
CSCO maintain mkt perform at JMP.
DSW tgt raised from $30 to $38 at CIBC.
FCS cut to Underperform at CSFB.
FMER started as Underweight at Lehman.
FRE reitr Overweight at MSDW.
GPC raised to Overweight at JPMorgan.
GPN cut to Peer Perform at Thomas Weisel.
HLT raised to Positive at Susquehanna.
IDIX started as undererform at Piper Jaffray.
IP maintained underweight and est’s cut at Prudential.
JBLU reitr Underweight at Prudential.
KMG raised to Outperform at Bear Stearns.
KOMG reitr Underweight at JPMorgan.
KRG cut to In-Line at Goldman Sachs.
LEH estimates raised at Wachovia.
LGF started as Underweight at Lehman.
LPSN cut to Neutral at First Albany.
LVS reitr Outperform at Goldman Sachs.
MFE started as Neutral at UBS.
MLNM started as Mkt Perform at Piper Jaffray.
MMM reitr Buy at Deutsche Bank.
MOT reitr Buy at Deutsche Bank.
MRVL Reitr Buy at Oppenheimer.
MVL started as Equal Weight at Lehman.
NRF started as Outperform at Wachovia.
NTRI started as Buy and $55 tgt at Lazard.
ONNN cut to Underperform at CSFB.
OSBC started as Buy at AGEdwards.
PLAY cut to Peer Perform at Thomas Weisel.
PLCM reitr Outperform at Thomas Weisel.
PXLM reitr Underperform at Jefferies.
RELL cut to Mkt Perform at Wachovia.
RFMD cut to Underperform at CSFB.
RHB cut to Underperform at Cowen.
SAH started as Outperform at Bear Stearns.
SKYW started as Underweight at Lehman.
SLAB raised to Outperform at CSFB.
STX cut to In-line at Goldman Sachs.
THC reitr Hold at Deutsche Bank, but they said to remain out of the name; reitr Underperform at CIBC.
UAG started as Peer Perform at Bear Stearns.
VCP cut to Sell at Citigroup.
VNO raised to Outperform at Goldman Sachs.
VRTX started as Mkt Perform at Piper Jaffray.
WBSN started as Positive at Susquehanna.
WMB reitr Buy at UBS.
XTEX started as Outperform at Wachovia.
YHOO maintained Buy at UBS.

RBC raised Oilfield Services: PTEN, NBR, GW, UDRL, NOV, & GRP upgraded to Sector Perform

Cramer's "Mad Money":

He was very positive on Tom Online (NASDAQ:TOMO) as a growth play in China; and was positive on National Beverage (FIZ) as a Buy. In the discussion round he said to Sell 1/2 of ATI position and let the rest run its course. He also evaluated Marchex (NASDAQ:MCHX) and said to Buy MCHX and was positive on Phillips-Han Heusen (NYSE:PVH) and said to Buy PVH. In the "Lightning Round" he was POSITIVE on Broadcom (BRCM), Marvell (NASDAQ:MRVL), Level 3 (NASDAQ:LVLT), Dynegy (NYSE:DYN), Mindspeed (NASDAQ:MSPD), Trump (TRMP) buy on a pull-back to $16, Smithfield Foods (NYSE:SFD), Microsoft (NASDAQ:MSFT), Conexant (NYSEARCA:CNXT), Burlington Northern (BNI), Finisar (NASDAQ:FNSR), Avanex (AVNX), PW Eagle (OTC:PWEI), Ruth's Chris (NASDAQ:RUTH), Cheesecake Factory (NASDAQ:CAKE), Neurocrine Bio (NASDAQ:NBIX), and P&G (NYSE:PG); and NEGATIVE @Road (ARDI), Oplink (NASDAQ:OPLK), Chiquita (NYSE:CQB), and Southwest (NYSE:LUV).