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Benchmark Reiterates Buy And PT Of $10 On Guidance Software (GUID)
Thursday, May 5, 2011 - 8:13am | 114Benchmark reiterated its Buy rating and price target of $10 on Guidance Software (NASDAQ: GUID) in a research report published today. Guidance is expected to announce its Q1 results later today, but Benchmark is optimistic about its results. In the report, Benchmark states, "Our confidence in the...
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BluePhoenix Solutions Amends its Debt Agreements (BPHX)
Thursday, May 5, 2011 - 8:05am | 84BluePhoenix Solutions (NASDAQ: BPHX), the leading provider of value-driven legacy IT modernization solutions, announced today that it has amended its debt agreements. The company has agreed with the banks on a new set of covenants, including certain financial ratios which are more favorable to the...
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J.P. Morgan Lowers PT To $8.50 From $10.00 On Smith Micro Software (SMSI)
Thursday, May 5, 2011 - 8:02am | 118In a recent report, J.P. Morgan has lowered the December 31, 2011 price target on Smith Mirco Software (NASDAQ: SMSI) to $8.50 from $10.00 based on 3x revenue. In the report, J.P. Morgan said, "We are reducing our price target to $8.50 which is based 3x revenue. This compares to our coverage at 3...
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Jefferies Gives Color On Smith Micro Software After Reporting Weak Results, Guidance
Thursday, May 5, 2011 - 7:43am | 204H2 results are weak as Smith Micro Software (NASDAQ: SMSI) continues to navigate an inventory correction at Verizon, its largest customer. Management remains confident in an H2 snapback, but the increase looks to be less steep than prior expectations. Though new product ramps could drive upside to...
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UPDATE: Mentor Graphics Issues Open Letter to Shareholders (MENT)
Thursday, May 5, 2011 - 7:37am | 69Mentor Graphics Corp. (NASDAQ: MENT) today issued the following open letter to the shareholders of Mentor Graphics regarding the company's Annual Meeting of Shareholders scheduled for May 12, 2011. The Mentor Graphics Board strongly recommends that Mentor Graphics shareholders vote FOR the company...
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Ansys Reports EPS of $0.57 vs. $0.55 Estimate; Revenues $158.1M vs. $154.21M Estimate
Thursday, May 5, 2011 - 7:17am | 21Ansys (NASDAQ: ANSS) Reports EPS of $0.57 vs. $0.55 Estimate; Revenues $158.1M vs. $154.21M Estimate
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JP Morgan Lowers PT On Smith Micro Software To $8.50
Thursday, May 5, 2011 - 6:24am | 28JP Morgan has lowered the price target on Smith Micro Software (NASDAQ: SMSI) from $10 to $8.50 and maintains its Neutral rating.
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Jefferies Lowers PT On Smith Micro To $7
Thursday, May 5, 2011 - 6:14am | 28Jefferies & Company has lowered the price target on Smith Micro Software (NASDAQ: SMSI) from $9 to $7 and maintains its Hold rating.
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Smith Micro Software Resumes Trading (SMSI)
Wednesday, May 4, 2011 - 4:30pm | 15Smith Micro (NASDAQ: SMSI) Software Resumes Trading.
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Antitrust Class Action Lawsuit Seeks Damages For Workers Harmed By "No Solicitation" Agreements In High-Tech Industry
Wednesday, May 4, 2011 - 1:57pm | 141Joseph R. Saveri of the national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP announced that Siddharth Hariharan, a former software engineer at Lucasfilm and founder and CEO of InEarth, today filed a class action lawsuit charging that several of the nation's leading high-tech...
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Top Percentage Gainers and Losers as of 12pm 5/04/11 (VSEA, GMCR, BEAT, VCLK, SGI, GLUU, AXTI, KNDI, QSFT, SWSH, SONS, WWWW, MOTR, OPEN, AMAT)
Wednesday, May 4, 2011 - 12:03pm | 494Best 1) Varian Semiconductor Equipment Associates (NASDAQ: VSEA): Trading up 51.3% from yesterday's close to $61.37. Varian is being acquired by Applied Materials (NASDAQ: AMAT) for $63 per share in cash. The deal is valued at $4.9 billion. 2) Silicon Graphics International (NASDAQ: SGI): Trading...
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Morning Market Losers (KNDI, BTUI, QSFT, DHRM)
Wednesday, May 4, 2011 - 9:53am | 102Kandi Technolgies Corp (NASDAQ: KNDI) shares moved down 23.81% to $2.08 at 9:50 am. KNDI's trailing-twelve-month ROE is -2.86%. BTU International Inc (NASDAQ: BTUI) shares dropped 22.71% to $9.61. BTUI issued weaker-than-expected Q2 revenue projections. Quest Software Inc (NASDAQ: QSFT) dipped 16...
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Wedbush Raises PT On Callidus Software To $10 After Strong 1Q
Wednesday, May 4, 2011 - 9:03am | 130Wedbush Securities has published a research report on Callidus Software (NASDAQ: CALD) after the company reported strong 1Q results. In the report, Wedbush writes "In Q1, Callidus' on demand revenue grew +37% yr/yr, impressive growth that is unfortunately overshadowed a bit by expected yr/yr...
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Concur Technologies Is Not Accelerating As Fast As Jefferies Expected
Wednesday, May 4, 2011 - 9:00am | 79According to Jefferies, Concur Technologies (NASDAQ: CNQR) reported a modest F2Q11 beat but not as fast as Jefferies expected. In the report, Jefferies maintains a buy rating and price target of $62.00 but said, "Growth will accelerate further in F4Q and we believe FY12 will grow faster than FY11...
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Soleil Securities Adjusts Estimates On Callidus Software
Wednesday, May 4, 2011 - 8:07am | 197According to Soleil Securities, Callidus Software (NASDAQ: CALD) reported excellent 1Q2011 earnings after the market closed on Tuesday, May 3 by exceeding its and consensus revenue expectations. Soleil Securities said that during the quarter, produced 22% Y/Y pro-forma revenue growth to $19.7...