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Company Report: EGRT, MSFT, SCMR, DLJ, BA, IBM, COL, More

 

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  • eGreetings Network(EGRT Quote) shares shot up 84% at the beginning of the session on news that the online card provider entered a deal with Microsoft(MSFT Quote). The terms call for Egreetings to become the exclusive application service provider of card services for Microsoft's MSN Web services network. eGreetings ended with a gain of 1 7/32, or 51.3%, to 3 19/32.

    Mergers, acquisitions and joint ventures

    Allegheny Energy(AYE Quote) and PPL(PPL Quote) would pay Pepco (POM Quote)$152.5 million for its 9.72% stake in the Conemaugh generating station, according to Pepco. Pepco said that the sale's price is more the two times the net book value of the plant. Allegheny Energy slipped 3/16 to 30 1/16; PPL stayed flat at 23 9/16; Pepco climbed 1/4 to 24 7/8.

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    Earnings/revenue reports and previews

    Carlisle Holdings(CLHL Quote) reported fourth-quarter earnings of 26 cents a share, in line with the one-analyst estimate and up from the year-ago earnings of 18 cents a share. Carlisle Holdings slid 3/32 to 7 3/8. ...

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