This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: priceline Pops, Collins & Aikman Crashes

The Day's Winners

  • Semiconductor company Cree (CREE) was up 20% to $13.17 after the company raised its fourth-quarter revenue targets on stronger demand for LED products. The company now expects sequential revenue growth of 8% to 11%, up from previous guidance of 5%. Cree also sees revenue in the first fiscal quarter up 5% from its fourth-quarter results.

  • Shares of Genzyme Molecular Oncology (GZMO) were climbing 65% to $4.20 after the biotech company said Friday that its experimental cancer treatment showed positive results in early stage laboratory testing. The company also said it had been granted clearance to test the kidney cancer treatment on patients in clinical trials beginning within the next two months.

  • NDS (NNDS), the 80%-controlled software arm of media conglomerate News Corp (NWS), added about 30% on news that Vivendi (V) had agreed to drop its industrial sabotage lawsuit. Vivendi accused NDS of encouraging piracy against its pay television service, but the lawsuit has been put on hold pending the outcome of News Corp.'s deal to buy Vivendi's Italian pay television business. Assuming the deal goes through, Vivendi has agreed to drop the lawsuit. Shares of NDS were up to $14.50 recently.

  • priceline.com (PCLN) was gaining almost 14% to $4.35 after the company reiterated its second-quarter outlook Friday and said it was moving more of its advertising money to the Internet. priceline still expects second-quarter pro forma earnings of 3 cents to 5 cents a share on revenue of $320 million to $350 million. The company said strength in its hotel business has helped offset declines in airline ticket purchases. priceline also plans to shift about one-third of its advertising dollars to the Internet, which it said will save it money by more effectively targeting online travel users. The stock was also upgraded to buy from hold by CIBC.

  • SilverStream Software (SSSW) jumped 73% to $8.90 on news that Novell (NOVL) plans to acquire the Web services company for $9 a share. The total purchase price will be about $212 million in cash. The $9 offer price is a 75% premium to SilverStream's Friday close of $5.14. The transaction is expected to close in July, assuming regulatory and shareholder approval.

    The Day's Losers

  • Auto parts maker Collins & Aikman (CKC) was dropping 17% after the company restated its first-quarter results in response to a request from federal regulators to give investors more information before the company's planned 20 million share public offering. The company said its loss widened by $1.4 million, or 2 cents a share, as it wrote down part of its acquisition of Textron's (TXT) auto-trim unit. The public offering was delayed as a result of the restatement.

  • NetScout Systems (NTCT - Get Report) was down about 30% to $4.35 after the company slashed its outlook, saying IT spending continued to be tight. The company, which makes products that help businesses manage computer networks and software, expects first-quarter results ranging from a loss of 4 cents a share to a profit of 1 cent on revenue of $17 million to $20 million. Analysts had expected the company to earn 3 cents on revenue of $23.6 million.

  • Shares of Pediatrix Medical (PDX) were losing 28% to $27.40 on news the Federal Trade Commission has requested information relating to the company's $190 million acquisition of Magella Healthcare. Pediatrix, which runs a network of physician group practices, said the inquiry shouldn't be viewed as an accusation of wrongdoing, but the company can't predict if the investigation will impact its business.

  • PeoplePC (PEOP - Get Report) plunged about 40% to 6 cents after Earthlink (ELNK) said it would acquire the cheap Internet service provider for 1.71 cents a share. Earthlink will pay about $10 million for the company and assume $35 million in liabilities. Earthlink said the purchase price could go up to 2.45 cents a share, or $14.3 million, depending on preclosing adjustments.

  • Rainbow Technologies (RNBO) shed 11% to $4.75 after the company said it will take $29 million in second-quarter charges to lay off 8% of its workforce and fold its services segment. The company said its revenue would be 5% below last quarter due to lower IT spending in the services sector. In response Rainbow plans to shut down its Spectria segment, slash its workforce, and discontinue certain products. Rainbow said it sees no long-term visibility for a services sector rebound in IT spending.

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Options Profits

    Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

    Product Features:
    • Actionable options commentary and news
    • Real-time trading community
    SYM TRADE IT LAST %CHG
    PEOP $21.72 0.00%
    NTCT $40.03 -0.94%
    AAPL $129.62 -2.20%
    FB $79.34 -1.50%
    GOOG $532.32 -1.44%

    Markets

    DOW 18,041.54 -190.48 -1.04%
    S&P 500 2,104.20 -21.86 -1.03%
    NASDAQ 5,032.7510 -56.6110 -1.11%

    Partners Compare Online Brokers

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs