A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are mixed, this morning after Texas Instruments TXN issued earnings guidance late Tuesday. Futures on the Dow Jones Industrial Average lost 28 points to 11,327, while S&P 500 futures dropped 0.50 point to 1,223. Nasdaq 100 futures rose 1.50 points to 2,192. A Peek Into Global Markets European markets were mixed today. While STOXX Europe 600 Index has advanced 0.41%, London's FTSE 100 Index moved down 0.06%. Mostly Asian markets ended in the negative territory, with Japan's Nikkei Stock Average adding 0.90%, Australia's S&P/ASX 200 moving down 0.51% and China's Shanghai Composite losing 0.96%. Broker Recommendation Deutsche Bank has a Buy rating and a $7.50 price target on Integrated Device Technology, Inc. IDTI. In a note sent to clients, Deutsche Bank writes, "At its Analyst day today, mgmt highlighted the transformation undertaken over the past few years while simultaneously laying out growth drivers for the future. The co's strategic focus moving fwd is on providing comprehensive systems solutions. Although no near-term update was provided, the company did raise its LT margin targets but we suspect this may still be viewed with some disappointment. We believe the company can continue to deliver upside to DBe/St ests heading into CY11 and maintain our Buy rating and $7.50 P/T." Shares of IDTI gained 7 cents yesterday to close at $6.93. Breaking news

• G-III Apparel Group, Ltd. GIII today announced operating results for the third quarter of fiscal 2011 that ended October 31, 2010. To read the full news, click here.
• Salesforce.com CRM earlier today announced it has entered into a definitive agreement to acquire Heroku, cloud application platform for writing Ruby-based applications, for approximately $212 million in cash, net of cash acquired. To read the full news, click here.
• Concentrix Corporation, SYNNEX Corporation's SNX Business Process Outsourcing segment, earlier today announced it has signed a definitive agreement to acquire the worldwide Tech Support, Customer Service and Telesales divisions of e4e Inc., a privately-held BPO company. To read the full news, click here.
• Fortune Brands, Inc. FO today announced that its Board of Directors has unanimously approved in principle a separation of the company's three strong consumer businesses – distilled spirits, home and security, and golf products. To read the full news, click here.

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