DrStockPick.com Stock Report! 10/06/09, EMR, MDCO, HPJ, CNMD, SMTL, USAP
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Tuesday October 6, 2009
DrStockPick.com Stock Report!
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Emerson (NYSE: EMR) and Avocent Corporation (NASDAQ: AVCT) today announced they have reached agreement for Emerson to acquire Avocent, a transaction that will further Emerson’s ability to deliver total infrastructure management solutions to its data center customers around the world. The Avocent Board of Directors unanimously endorsed the terms of an all-cash tender offer of $25 per share, or approximately $1.2 billion. The purchase is expected to close around January 1, 2010, pending customary regulatory approvals and acceptance of the offer by Avocent stockholders holding a majority of Avocent shares.
The Medicines Company (NASDAQ: MDCO) today announced preliminary revenue results for the third quarter of 2009. Based on a preliminary review of third quarter results, the Company expects to report total net revenue in the range of $96 to $98 million for the third quarter of 2009, as compared to the $88.1 million reported for the third quarter of 2008.
Hong Kong Highpower Technology, Inc. (NYSE Amex: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) rechargeable batteries and related products, today announced that Mr. Henry Ngan, Chief Financial Officer, is scheduled to present at three investment conferences during the month of October.
CONMED Corporation (NASDAQ: CNMD) announced today that it expects to report third quarter 2009 financial results before the market opens on Thursday, October 22, 2009, and will also hold a conference call live over the Internet at 10:00 a.m. Eastern Time that same day. This webcast can be accessed from CONMED’s web site at www.conmed.com. Replays of the call will be made available through October 29, 2009.
Semitool, Inc. (NASDAQ: SMTL) today announced fourth quarter bookings of $71.7 million. Bookings volume was more than double the company’s fiscal third quarter orders of $32.6 million and nearly three times its second quarter bookings of $24.6 million. It also represented the largest sequential bookings increase since Semitool went public in 1995.
Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that it will report financial results for the third quarter of 2009 on Tuesday, October 27, 2009. In conjunction with the earnings release, the Company will host a conference call at 10:00 a.m. (Eastern) on October 27th. The call will be broadcast simultaneously for all interested parties over the Internet.
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