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Photronics Announces Convertible Senior Note Offering
Tuesday, March 22, 2011 - 7:11am | 107Photronics Announces Convertible Senior Note Offering Photronics, Inc. (NASDAQ: PLAB) today announced that it intends to offer, subject to market and other considerations, $100,000,000 aggregate principal amount of convertible senior notes maturing in 2016. In connection with this offering,...
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Earnings Scheduled For March 22 (ADBE, CTAS, WAG, DFS, CCL, JBL, DG, GIII, SONC, CMC, FSII, WNI, NEOG, HWD)
Tuesday, March 22, 2011 - 12:48am | 371Adobe Systems Incorporated (NASDAQ: ADBE) is expected to report its Q1 EPS at $0.57 on revenue of $1.03 billion. Cintas Corporation (NASDAQ: CTAS) is estimated to report its Q3 EPS at $0.36 on revenue of $907.56 million. Walgreen Company (NYSE: WAG) is projected to report its Q2 EPS at $0.80 on...
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Top 4 Small-Cap Stocks In The Semiconductor Equipment & Materials Industry With The Highest Cash (TSRA, VRGY, XXIA, CYMI)
Tuesday, March 22, 2011 - 12:45am | 129Below are the top small-cap semiconductor equipment & materials stocks on the NYSE and the NASDAQ in terms of cash. Tessera Technologies Inc (NASDAQ: TSRA) had $475.01 million in total cash and no debt for the latest quarter. Verigy Ltd (NASDAQ: VRGY) had $410.00 million in total cash and $...
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Merger Announced 03-21-2011
Monday, March 21, 2011 - 4:02pm | 882Cusick's Corner Earlier this morning optionsXpress and The Charles Schwab Corporation announced that they agreed to merge. I am excited about the new offerings and opportunities that may come from this merger. With that said, M&A is on the rise (see Bullish Flow) and blue chips are under...
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Benzinga's Volume Movers (OXPS, VRGY, LEAP, NNBR)
Monday, March 21, 2011 - 10:49am | 205optionsXpress Holdings Inc (NASDAQ: OXPS) shares moved up 14.94% to $17.62 at 10:48 am. The volume of OXPS shares traded was 2378% higher than normal. Charles Schwab Corp (NYSE: SCHW) announced its plans to acquire OXPS in a stock-for-stock deal valued at around $1 billion. Verigy Ltd (NASDAQ:...
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Options Brief: FormFactor, Inc. (FORM)
Monday, March 21, 2011 - 10:23am | 85Shares of FormFactor, Inc. (NASDAQ: FORM) are higher on the session by 12.73%, trading at $9.74. Overall call volume is now running at 2.06x the daily average, with 73% of all calls traded being purchases on the offer. 1,118 contracts have traded on the session so far. FormFactor, Inc. designs,...
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Just Another Merger Monday (T, OXPS, SCHW, VRGY, BRK-A)
Monday, March 21, 2011 - 8:53am | 228A manic, merger Monday is in effect again. Yesterday we saw the announcement of AT&T (NYSE: T) and T-Mobile merger for $39 billion in cash. This morning we just saw the merger of Charles Schwab (NASDAQ: SCHW) going after OptionsXpress (NASDAQ: OPXS) for 1.02 shares of Schwab. The deal values...
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LTX-Credence Receives Notice from Verigy
Monday, March 21, 2011 - 8:28am | 119LTX-Credence Corporation (NASDAQ: LTXC) today announced that it has received notification from Verigy Ltd. (Nasdaq: VRGY), pursuant to the definitive merger agreement between LTX-Credence and Verigy, that the Verigy Board of Directors has determined that Verigy has received a “Superior Offer” from...
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Citi Adds FORM to Top Picks Live
Monday, March 21, 2011 - 7:20am | 115Citi has added FormFactor Inc. (NASDAQ: FORM) to its list of best ideas, Top Picks Live. According to Citi, "Our recent checks in Asia indicate that FORM recently got a major order for Matrix-based DRAM probe card from Elpida used in mobile DRAM products. This is the first volume purchase from...
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Puts Purchased on Kulicke and Soffa Industries (KLIC)
Friday, March 18, 2011 - 1:20pm | 138Shares of Kulicke and Soffa Industries (NASDAQ: KLIC) are higher on the session by 1.67%, currently trading at $8.53. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on...
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Benzinga's Top Upgrades (ACN, MDAS, ASML, SI)
Friday, March 18, 2011 - 8:20am | 140Accenture plc (NYSE: ACN) was upgraded by Stifel Nicolaus from "hold" to "buy." ACN's shares closed at $49.02 yesterday. Accenture's trailing-twelve-month ROE is 64.64%. MedAssets Inc (NASDAQ: MDAS) was upgraded by Madison Williams from "accumulate" to "buy.” MDAS' shares closed at $14.89...
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Benzinga's Top Pre-Market NASDAQ Gainers (CRA, CIGX, AIXG, JDSU)
Friday, March 18, 2011 - 8:09am | 153Celera Corporation (NASDAQ: CRA) rose 26.95% to $7.96in the pre-market session. Quest Diagnostics Incorporated (NYSE: DGX) and CRA announced that they have entered into a definitive merger agreement under which DGX will acquire CRA for $8 per share. Star Scientific Inc (NASDAQ: CIGX) added 6.15%...
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Merriman Opens CAMT With Buy
Friday, March 18, 2011 - 6:09am | 47Analysts at Merriman initiate coverage of Camtek LTD (NASDAQ: CAMT) with a “buy” rating. CAMT shares fell 0.55% to close at $3.60 yesterday. More Analyst Ratings here
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Amkor Says Manufacturing Facility in Kitakami Suffered Relatively Minor Damage
Thursday, March 17, 2011 - 4:20pm | 40Amkor Technology, Inc. (NASDAQ: AMKR) today announced that its manufacturing facility in Kitakami, Japan, located about 260 miles northeast of Tokyo, has suffered relatively minor damage in last week's earthquake.
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Calls Purchased on ASML Holding N.V. (ASML)
Thursday, March 17, 2011 - 2:43pm | 145Shares of ASML Holding N.V. (NASDAQ: ASML) are higher on the session by 4.49%, currently trading at $40.99. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying calls on the name...