BEA Systems(BEAS Quote) fell 4% after Oracle(ORCL Quote) CEO Larry Ellison said Oracle is likely to go after other targets instead of renewing its bid for BEA. Oracle had offered $6.7 billion, or $17 a share. BEA responded with a demand of $21 a share, or $8.2 billion. BEA was recently down 70 cents to $16.70.
On the earnings front, Zoll Medical(ZOLL Quote) rose after delivering a fiscal fourth-quarter earnings and revenue beat Thursday morning. The company, which focuses on noninvasive resuscitation devices and software, said net income increased 26% to $6.8 million, compared to $5.4 million in the prior-year period, and earnings per share increased 22% to 33 cents, compared to 27 cents a share in the fourth quarter of last year. Revenue increased 25% to $92.8 million, compared to $74.2 million in the year-ago period. Analysts surveyed by Thomson Financial were expecting 31 cents a share on revenue of $85.21 million. Zoll's shares rose $2.13, or 9.2%, to $25.19. China Shenghuo Pharmaceutical Holdings(KUN Quote) posted third-quarter net income of $900,000, or 4 cents a share, compared with $300,000, or 2 cents a share, in the year-ago quarter. Net sales fell to $4.2 million, from $5.1 million in the 2006 quarter, resulting from the company's adoption of more stringent credit policies which caused a shift in its customer base and a decline in sales volume. The company revised its guidance and now expects full-year revenue of between $20 million and $22 million and net earnings of between $4 million and $5 million, between 20 cents and 25 cents a share for the full fiscal year. It previously predicted revenue between $24 million and $26 million and earnings of between $5 million and $6 million, or between 26 cents a share and 31 cents a share, for the full fiscal year. Shares fell $1.80, or 25%, to $5.52.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
-
Honda issues global airbag recall
BBC
-
With Buzz, Google Plunges Into Social Networking
New York Times
-
Ore Increases Boost Steel Prices
The Wall Street Journal.
-
Greeks strike over austerity plan
BBC
-
Long-Term Care Hospitals Face Little Scrutiny
New York Times
-
Greek tragedy
Latest Business News from Times Online
-
Storm over bailout of Greece, EU's most ailing economy
Latest Business News from Times Online
-
ESPN Plays Up Web for Live Sports
The Wall Street Journal.
-
Rail Traffic Flat in January Compared to 2009
Calculated Risk
-
iPad Costs Leave Room for Price Cuts
BusinessWeek Online
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 9,992.89 | 1,062.87 | 2,135.27 | 36.41 |
Oil *
71.08
|
|
DOWN
65.75
|
DOWN
7.65
|
DOWN
15.60
|
UP
0.08
|
10 Yr
3.64%
SPDR Gold
104.52
|
|
-0.65%
|
-0.71%
|
-0.73%
|
+0.22%
|
Data delayed 20 minutes |
More From TheStreet
Latest HeadlinesBrokerage Partners
Sponsored Links














