Economic
MBA Purchase Applications
![[Bullet]](../../../bullet.gif){kind=small}
7:00 ET
Wholesale Trade
10:00 ET
EIA Petroleum Status Report
10:30 ET
Citi in $12bn loan sale to private equity
BUSINESS
NEWS
EMC To Acquire Iomega $3.85
cash
C +3.8% (near deal to sell $12 bln loans to private equity – FT);
DELL +2.1% (in talks with Dubai govt about possible investment – DJ);
UPS -3.6% (lowers Q1 EPS guidance below consensus) -
Companies moving in
after hours trading in reaction to earnings
Trading Up
ZZ
+9.4%; MIND
+3.7%; XRM
+2.8%; NTI +1.0%...
Companies moving in after hours trading in reaction to news
Trading Up
CPKI
+6.7% (raises Q1 EPS guidance above consensus);
WBSN +4.6
(reaffirms FY08 guidance in-line; Q1 guidance above consensus);
IOM
+4.1% (EMC Corp to acquire Iomega in a cash tender offer of $3.85/share,
approx $213 mln);
C
+3.8% (near deal to sell $12 bln loans to private equity -- FT);
DELL
+2.1% (in talks with Dubai govt about possible investment -- DJ);
SGR
+2.2% (and Westinghouse sign landmark EPC contract for new nuclear power
generation);
SPAR +1.6% (receives $45 mln in orders for production
of MRAP vehicles);
AGO +1.2%
(announces closing of $250 mln common equity investment by WL Ross);
CMCSA
+1.2% (asks court to overturn FCC decision on set-top boxes --
Bloomberg);
UBS +1.0% (files mixed securities shelf in an F-3)...
Trading Down
ACAT
-13.0% (guides Q4 below consensus);
ACLI -7.2% (sees
net income for Q1 ended March 31, 2008, to be in the low single-digit
cents per diluted share; co announces resignation of COO);
CDS
-6.1% (files $47.2 mln securities shelf offering in an S-3);
FORM
-6.2% (Q1 revs below consensus; co says its GAAP loss per share will be
greater than its previous forecast of $0.15 to $0.25 per share);
UPS
-3.6% (lowers Q1 EPS guidance below consensus);
BEN -2.4%
(announces month-end assets under management);
SPSN -2.0% (sees
revs of $570 mln in Q1, previously guided to $580-640 mln);
TUES
-1.7 (promotes Stephanie Bowman to Chief Financial Officer);
AUBN
-1.5% (appoints Gresford Gray as Chief Financial);
ADCT
-1.2% (discloses in 8-k that it estimates the amount of the
other-than-temporary impairment charge on its auction-rate securities in
Q2 of ~$12-22 mln);
LOOP -1.2%
(acquires REApplications, provider of on-demand brokerage operations
software; expects it to contribute ~$2.3 mln in '08);
LMT
-1.2% (.S. Government report shows decreased costs for F-35 program); KBR
-1.1% (acquires Australian-based Catalyst Interactive).
Earnings
Before: ACGY,
CC, GBX, ISCA,
MERX, MTG, PGR,
SGR
After: APOG,
BBBY, CBK, WDFC
Events
AWI
Analyst Meeting
BAC,
SP at
The
Southern
Municipal
Finance Society
(SMFS) Energy
Conf.
Citigroup
Capital
Introductions
Conf.
GMET,
GPOR,
UNT,
CHK,
ATN,
PDRT
at Independent
Petroleum
Association of
America 2008
OGIS
IDIX
at Canaccord
RDC,
PDE,
PXD,
EXH,
HERO
at Howard Weil
Energy
Conf
SNH,
CLI,
FR,
AHR,
VTR,
DLR
at Credit Suisse
Group Global
Real Estate Conf
WBSN
Analyst Meeting
Fed:
![[Report]](../../../consensus_butt.gif){kind=small}
![[Star]](../../../star.gif){kind=small}
8:30 ET 
Technology
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