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Oppenheimer Initiates IGTE Coverage With OP Rating, $27 PT
Tuesday, December 21, 2010 - 8:43am | 25Oppenheimer is initiating coverage of iGATE Corporation (NASDAQ: IGTE) with an Outperform rating and a $27 price target.
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Oppenheimer Initiates Coverage (IGTE, UIS)
Tuesday, December 21, 2010 - 8:38am | 38Oppenheimer initiates coverage on the following companies: iGate (NASDAQ: IGTE); Outperform rating and $27 price target Unisys (NYSE: UIS); Perform rating and $28 PT
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Safeguard Scientifics to Realize at Least $36M in Initial Sale Proceeds from Eli Lilly's Acquisition of Avid Radiopharmaceuticals
Monday, December 20, 2010 - 5:43pm | 106Safeguard Scientifics, Inc. (NYSE: SFE) today announced that it expects to receive a minimum of $36 million in initial sale proceeds from the successful completion of Eli Lilly and Company's (NYSE: LLY) acquisition of partner company Avid Radiopharmaceuticals, Inc., which took place earlier today,...
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NCI Wins $17.3 Million Order
Monday, December 20, 2010 - 5:06pm | 76NCI, Inc. (NASDAQ: NCIT) announced today that it has been awarded a single award delivery order under the NETCENTS contract vehicle with a value of approximately $17.3 million if all options are exercised. The delivery order provides Information Transport System Increment 2, 2nd Generation...
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Infosys in Emerging Markets - Analyst Blog
Monday, December 20, 2010 - 2:03pm | 687Infosys Technologies Ltd. (INFY) expanded its reach in the emerging markets through the introduction of a new Digital Smart Home Gateway at the recent Intel Developer Forum 2010 in San Francisco, California. The new solution is powered by E600 series of Intel Atom (TM) processor, which connects...
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Infosys in Emerging Markets - Analyst Blog
Monday, December 20, 2010 - 1:15pm | 687Infosys Technologies Ltd. (INFY) expanded its reach in the emerging markets through the introduction of a new Digital Smart Home Gateway at the recent Intel Developer Forum 2010 in San Francisco, California. The new solution is powered by E600 series of Intel Atom (TM) processor, which connects...
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Acorn Energy Announces $4 Million Common Stock Offering at $3.50/sh
Monday, December 20, 2010 - 11:06am | 54Acorn Energy, Inc. (Nasdaq: ACFN) announced today that it has entered into purchase agreements with investors for the sale of 1,150,000 shares of its common stock at a price to the purchasers of $3.50 per share. The gross proceeds of the offering are expected to be approximately $4 million.
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Argus Raises Price Target to $58 on Accenture
Monday, December 20, 2010 - 10:48am | 18Argus raises its price target to $58 on Accenture (NYSE: ACN).
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Stock Market News for Dec 20, 2010 - Market News
Monday, December 20, 2010 - 10:36am | 910On Friday, the tax package, which had been in news for past couple of weeks and often swayed the markets, was finally signed by the US President. However, markets closed ahead of the tax bill being turned into law and the indices ended almost flat. In addition, there were positive signs for the...
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Stock Market News for Dec 20, 2010 - Market News
Monday, December 20, 2010 - 10:06am | 910On Friday, the tax package, which had been in news for past couple of weeks and often swayed the markets, was finally signed by the US President. However, markets closed ahead of the tax bill being turned into law and the indices ended almost flat. In addition, there were positive signs for the...
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Merger Arbitrage Mondays – December 20, 2010
Monday, December 20, 2010 - 6:29am | 4823Merger activity increased last week with six new deals announced and five deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2010 133 Total Number of Deals...
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Accenture Ends Friday Up 7.8% After Hitting 52-Week High (ACN)
Friday, December 17, 2010 - 5:25pm | 198Shares of Accenture plc. (NYSE: ACN) ended the Friday trading session up 7.8% at $50.32 per share. Accenture's shares surged after the company announced financial results on Thursday after the market closed that beat Wall Street estimates and raised its guidance. Chairman & CEO William D. Green...
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BMC Software Seals CenITex Deal - Analyst Blog
Friday, December 17, 2010 - 4:33pm | 804Leading large enterprise software company, BMC Software Inc. (BMC) recently announced that CenITex, the shared-services information technology (IT) agency of the government of Victoria (Australia) has successfully implemented its proactive operations monitoring and management solution. Financial...
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Options Brief: Cognizant Technology Solutions (CTSH)
Friday, December 17, 2010 - 4:04pm | 84Shares of Cognizant Technology Solutions (NASDAQ: CTSH) are higher on the session by 2.98%, trading at $72.50. Overall call volume is now running at 3.30x the daily average, with 59% of all calls traded being purchases on the offer. 4,960 contracts have traded on the session so far. Cognizant...
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BMC Software Seals CenITex Deal - Analyst Blog
Friday, December 17, 2010 - 4:00pm | 804Leading large enterprise software company, BMC Software Inc. (BMC) recently announced that CenITex, the shared-services information technology (IT) agency of the government of Victoria (Australia) has successfully implemented its proactive operations monitoring and management solution. Financial...