StreetInsider.com Pre-Open Movers: 06/29
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StreetInsider.com Pre-Open Movers:
CryoCor, Inc. (Nasdaq: CRYO) 43.4% HIGHER; and Boston Scientific Corporation (NYSE: BSX) announced a strategic collaboration in the field of cryoablation, or the use of extreme cold, for the treatment of cardiac arrhythmias.
Research In Motion Limited (Nasdaq: RIMM) 19.7% HIGHER; reports Q1 GAAP EPS of $1.17 (Adjusted $1.20) vs. consensus of $1.06. Revenue for the first quarter of fiscal 2008 was $1.082 billion, versus the consensus of $1.05 billion. Revenue for the second quarter of fiscal 2008 ending September 1, 2007 is expected to be in the range of $1.3-$1.365 billion. GAAP earnings per share for the second quarter are expected to be in the range of $1.37-$1.49 diluted or 45-49 cents per share diluted on a post-split basis, factoring the effective 3-for-1 stock split announced separately.
Packeteer Inc. (Nasdaq: PKTR) 15.6% LOWER; received an Examination Report from the Internal Revenue Service dated June 27, 2007 claiming that the Company owes additional income taxes, plus penalties and interest, for the 2003 and 2004 tax years. The incremental tax liability asserted by the IRS is approximately $122 million plus penalties of $49 million, excluding interest
Apollo Group, Inc. (Nasdaq: APOL) 9.9% HIGHER; reports Q3 EPS of $0.75, 5 cents better than estimates. Revenues were $733.4 million vs. $701.26 million consensus. Increased the size of the existing share repurchase program to up to $500 million.
TranSwitch Corporation (NASDAQ: TXCC) 8% LOWER; now expects revenues for the second quarter ending June 30, 2007, to be between $8.6 million and $9.0 million compared to revenues in the first quarter of 2007 of approximately $9.3 million. The Company\\\'s previous outlook for second quarter revenues announced on its April 24, 2007 conference call was for revenues to be between $9.0 million and $9.5 million.
Komag, Incorporated (Nasdaq: KOMG) 7.5% HIGHER; Western Digital Corporation (NYSE: WDC), and Komag entered into a definitive agreement for WD to acquire Komag for $32.25 in cash per share for a value of approximately $1 billion.
Commerce Bancorp, Inc. (NYSE: CBH) 7% HIGHER; announced this morning at Vernon W. Hill II is departing from Commerce Bank N.A. as Chairman and CEO
Bookham Tech (Nasdaq: BKHM) 7% HIGHER; Roth Capital initiates coverage at Buy
TASER International, Inc. (Nasdaq: TASR) 5% HIGHER; announced the receipt of a United States military purchase order for 2,400 TASER X26 Electronic Control Devices and related accessories.
Priceline.com Inc. (Nasdaq: PCLN) 5% HIGHER; Goldman Sachs upgrades to Buy
Tibco Software Inc. (Nasdaq: TIBX) 3.6% LOWER; Goldman Sachs starts at Neutral
Palm, Inc. (Nasdaq: PALM) 3.6% LOWER; reports Q4 EPS of $0.15 (non-GAAP EPS was $0.17) vs. consensus of $0.15. Revenues were $401.3 million vs. $406.58 million consensus. Q1 revenue is expected to be between $355 million and $365 million vs. consensus of $398.18 million. Q1 earnings per diluted share are expected to be in the range of ($0.01) to $0.01 on a GAAP basis and $0.07 to $0.09 on a non-GAAP basis. (Consensus is $0.15)
Fluor Corporation (NYSE: FLR) 2.4% HIGHER; JP Morgan upgrades to Overweight.
CryoCor, Inc. (Nasdaq: CRYO) 43.4% HIGHER; and Boston Scientific Corporation (NYSE: BSX) announced a strategic collaboration in the field of cryoablation, or the use of extreme cold, for the treatment of cardiac arrhythmias.
Research In Motion Limited (Nasdaq: RIMM) 19.7% HIGHER; reports Q1 GAAP EPS of $1.17 (Adjusted $1.20) vs. consensus of $1.06. Revenue for the first quarter of fiscal 2008 was $1.082 billion, versus the consensus of $1.05 billion. Revenue for the second quarter of fiscal 2008 ending September 1, 2007 is expected to be in the range of $1.3-$1.365 billion. GAAP earnings per share for the second quarter are expected to be in the range of $1.37-$1.49 diluted or 45-49 cents per share diluted on a post-split basis, factoring the effective 3-for-1 stock split announced separately.
Packeteer Inc. (Nasdaq: PKTR) 15.6% LOWER; received an Examination Report from the Internal Revenue Service dated June 27, 2007 claiming that the Company owes additional income taxes, plus penalties and interest, for the 2003 and 2004 tax years. The incremental tax liability asserted by the IRS is approximately $122 million plus penalties of $49 million, excluding interest
Apollo Group, Inc. (Nasdaq: APOL) 9.9% HIGHER; reports Q3 EPS of $0.75, 5 cents better than estimates. Revenues were $733.4 million vs. $701.26 million consensus. Increased the size of the existing share repurchase program to up to $500 million.
TranSwitch Corporation (NASDAQ: TXCC) 8% LOWER; now expects revenues for the second quarter ending June 30, 2007, to be between $8.6 million and $9.0 million compared to revenues in the first quarter of 2007 of approximately $9.3 million. The Company\\\'s previous outlook for second quarter revenues announced on its April 24, 2007 conference call was for revenues to be between $9.0 million and $9.5 million.
Komag, Incorporated (Nasdaq: KOMG) 7.5% HIGHER; Western Digital Corporation (NYSE: WDC), and Komag entered into a definitive agreement for WD to acquire Komag for $32.25 in cash per share for a value of approximately $1 billion.
Commerce Bancorp, Inc. (NYSE: CBH) 7% HIGHER; announced this morning at Vernon W. Hill II is departing from Commerce Bank N.A. as Chairman and CEO
Bookham Tech (Nasdaq: BKHM) 7% HIGHER; Roth Capital initiates coverage at Buy
TASER International, Inc. (Nasdaq: TASR) 5% HIGHER; announced the receipt of a United States military purchase order for 2,400 TASER X26 Electronic Control Devices and related accessories.
Priceline.com Inc. (Nasdaq: PCLN) 5% HIGHER; Goldman Sachs upgrades to Buy
Tibco Software Inc. (Nasdaq: TIBX) 3.6% LOWER; Goldman Sachs starts at Neutral
Palm, Inc. (Nasdaq: PALM) 3.6% LOWER; reports Q4 EPS of $0.15 (non-GAAP EPS was $0.17) vs. consensus of $0.15. Revenues were $401.3 million vs. $406.58 million consensus. Q1 revenue is expected to be between $355 million and $365 million vs. consensus of $398.18 million. Q1 earnings per diluted share are expected to be in the range of ($0.01) to $0.01 on a GAAP basis and $0.07 to $0.09 on a non-GAAP basis. (Consensus is $0.15)
Fluor Corporation (NYSE: FLR) 2.4% HIGHER; JP Morgan upgrades to Overweight.
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