) says a Phase II clinical trial of topically administered repifermin in adults with chronic venous ulcers did not meet its targets. UBS Financial sees a buying opportunity. S&P maintains hold.
John Hancock Financial (JHF
) is again in advanced stages of negotiations with a potential buyer, according to several executives familiar with those talks, The Boston Globe reported.
) shares fell following a conference call that failed to ease concerns over its Triage BNP (b-type natriuretic peptide) Test. Biosite cut the 2003 guidance on Wednesday, citing a shortfall in sales of the blood test. Deutsche Bank keeps hold.
SCO Group (SCOX
) fell on reports that IBM filed new claims against SCO alleging copyright infringement along with previous claims of patent infringement.
McDonald Investments downgraded Wild Oats Market (OATS
) to hold from aggressive buy.
Research in Motion (RIMM
) posted 10 cents second-quarter adjusted earnings per share (excluding a litigation charge), vs. an 18 cents loss, on a 70% revenue rise. Bear Stearns upgraded to peer perform from underperform. S&P upgraded to accumulate.
) may miss a opportunity to sell some of its first camera phones in the U.S. during the key holiday season because of delivery delays, according to The Wall Street Journal . S&P maintains sell.
Kaufman Bros downgraded Findwhat.com (FWHT
) to hold from buy.
) sees $9.5 million to $10.5 million third-quarter net revenues from U.S. Fuzeon sales. USB Piper reportedly downgraded to underperform.
Fisher Scientific (FSH
) will sell 6.6 million shares to Banc of America.
) announced a reorganization to put a greater emphasis on content. It will split into four business groups.
J.P. Morgan upgraded Intel (INTC
) to neutral from underweight.
) posted an 11 cents second-quarter loss, vs. a 68 cents loss, (GAAP) as lower operating costs offset a 15% revenue drop. The company sees breakeven third-quarter adjusted net income, and further improvement in the fourth quarter. Bear Stearns upgraded to peer perform.
CS First Boston downgraded Novellus Systems (NVLS
) to neutral from outperform.
IMC Global (IGL
) announced that John Ferguson, president and chief operating officer has resigned, effective Sept. 23. IMC says it has no current plans to fill the chief operating officer role.
) agreed to acquire Vista's Professional Services and Managed Service business units, as well as purchase selected service delivery technology assets.
) posted a 22 cents fourth-quarter loss, vs. a $3.21 loss (GAAP), despite a 3.2% total sales fall. Solectron sees $2.7 billion to $3.1 billion in first-quarter sales, and a 1 cent to 4 cents pro forma loss. S&P reiterates hold.
) posted 64 cents, vs. 31 cents, first-quarter earnings per share from continuing operations (GAAP) on a 14% same-store sales rise. The footwear retailer sees 25 cents to 35 cents fiscal 2004 earnings per share (GAAP).