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Mad Money Lightning Round: Cramer Likes Immunogen, Ford, PMI Group, RF Micro Devices, JPMorgan Chase (IMGN, F, PMI, VG, T, VZ, MSFT, XOM, RFMD, SWKS, JPM, WFC, C)
Friday, October 29, 2010 - 4:55am | 260On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Immunogen (NASDAQ: IMGN) as one of his “speculative plays.” He likes IMGN. For Ford Motor (NYSE: F), he said, "They're taking care of their debt and the cost of borrowing is going down.” He likes Ford. Jim considers...
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Pioneer Bank Selects tw telecom for Converged IP VPN and Ethernet
Wednesday, October 27, 2010 - 10:45am | 57tw telecom, (Nasdaq: TWTC) today announced that Pioneer Bank has signed a multi-year agreement with the company to provide a suite of converged, IP VPN and Ethernet services for multiple applications requiring superior network reliability and customer care. Service will install at the bank's 16...
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PGi Commences Modified “Dutch Auction” Tender Offer to Repurchase up to $50M Shares
Tuesday, October 26, 2010 - 3:52pm | 108Premiere Global Services, Inc. (NYSE: PGI), a global application software and services company that enables real-time, virtual meetings, today announced that it has commenced a modified “Dutch Auction” cash tender offer for the purchase of up to $50.0 million of shares of its common stock at a...
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FCC Appoints tw telecom's Harold Teets to Prestigious Technological Advisory Council
Monday, October 25, 2010 - 11:22am | 90The Federal Communications Commission today appointed Harold Teets, senior vice president of Information and Network Technology for tw telecom, to its Technological Advisory Council (TAC). tw telecom (Nasdaq: TWTC) is a leading provider of managed voice, Internet, and data networking solutions for...
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Premiere Global Services Revenues Down 4% Y/Y
Friday, October 22, 2010 - 8:01am | 165Oppenheimer has published a research report on Premiere Global Services (NYSE: PGI) following the company's 3Q earnings results, which seem to suggest more possible virtual meetings opportunities. In the report, Oppenheimer writes "PGI reported largely better than expected 3Q results, as business...
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PGi Reports Third Quarter 2010 Results; EPS $0.18
Thursday, October 21, 2010 - 3:12pm | 104Premiere Global Services, Inc. (NYSE: PGI) today announced results for the third quarter ended September 30, 2010. Consolidated net revenues totaled $142.3 million in the third quarter of 2010, including $109.5 million from the company's PGiMeet solutions. In the third quarter of 2010, diluted EPS...
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NASDAQ Stocks Hitting 52-Week Highs (TWER, DLTR, MGEE, TWIN)
Tuesday, October 19, 2010 - 10:12am | 142Towerstream Corporation (NASDAQ: TWER) shares reached $2.55 to create a new 52-week high, before falling to $2.54, representing a 7.59% gain. TWER's quarterly revenue surged 32.50% y/y. Dollar Tree Inc (NASDAQ: DLTR) shares rose 2.01% to touch a new 52-week high of $51.23. Analysts at JP Morgan...
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Puts Purchased on Level 3 Communications (LVLT)
Tuesday, October 5, 2010 - 10:07am | 155Shares of Level 3 Communications, Inc (NASDAQ: LVLT) are lower on the session by 0.79%, currently trading at $0.951. The stock has been moving largely lower over the past six months, off of a recent high near $1.70. Options traders are buying puts on the name today, perhaps as a hedge to long...
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Vonage Still At Outperform
Thursday, September 30, 2010 - 9:29am | 26Northland Securities reiterates its Outperform rating for Vonage Holdings (NYSE: VG) and raises the price target from $3 to $3.25.
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Puts Sold on Level 3 Communications (LVLT)
Wednesday, September 29, 2010 - 8:53am | 152Shares of Level 3 Communications, Inc. (NASDAQ: LVLT) are higher on the session by 1.33%, currently trading at $0.973. The stock has been moving largely lower over the past six months, off of a recent high near $1.75. One option trader is drawing a line in the sand for LVLT. Right at the morning...
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Level 3 Communications Announces Closing of $175 Million Offering
Monday, September 20, 2010 - 11:12am | 62Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that it has completed its previously announced offering of $175 million aggregate principal amount of its 6.5% Convertible Senior Notes due 2016 in an underwritten offering. The Convertible Senior Notes will mature on October 1, 2016, and...
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LVLT Falls After Announcing Debt Plans
Tuesday, September 14, 2010 - 1:11pm | 66Level 3 Communications Inc (NASDAQ: LVLT) shares fell after the company announced its plans to issue convertible senior notes for $175 million in debt. Shares of LVLT plunged 12.07% to $1.02 at 1:50 pm. LVLT shares have fallen 4.92% over the previous quarter and lost 24.18% so far this year. Read...
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Level 3 Communications Announces $175 Million Securities Offering
Monday, September 13, 2010 - 3:48pm | 59Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that it is offering $175 million aggregate principal amount of Convertible Senior Notes due 2016 in an underwritten offering. The company will also grant the underwriters an option to purchase up to an additional $26,250,000 aggregate...
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j2 Global Acquires Venali - Analyst Blog
Thursday, September 9, 2010 - 1:34pm | 660j2 Global Communications Inc. (JCOM) has acquired Venali Inc., for approximately $17 million. Venali is a provider of Web-based business fax services. Venali takes pride in its impressive list of clientele and its messaging business alone generated nearly $10 million revenues in the last one year...
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Level 3 Names John M. Ryan as Chief Legal Officer
Wednesday, September 8, 2010 - 4:02pm | 73Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has selected John M. Ryan as chief legal officer to succeed Thomas C. Stortz, who will be retiring at the end of the year. Ryan will be responsible for Level 3’s legal and regulatory functions worldwide. Ryan has been with Level 3...