After Hours

19:18 After Hours Summary: EXM down 15.3% on earnings; DD up 1.2% (reaffirms full-year 2007 EPS outlook of $3.15-3.20 vs $3.19 Reuters consensus)

Companies moving in after hours trading in reaction to earnings: Trading Up: PFSW +14.5%; FEP +13.3%; IMOS +10.8%; ARTE +3.2%; OCNW +3.2%; SDXC +1.9%; MELI +1.5%… Trading Down: EXM -15.3%; OMPI -10.4%; STEC -5.9%; CNTF -4.1%; CXO -3.4%; ALUS -2.2%; DSUP -2.1%; GHS -2.1%; BFLY -1.4%… Trading Up: NSTK +15.4% (initiates plan for corporate restructuring and will concentrate on Phase 2 clinical programs); PFSW +14.5% (partners with three new service fee clients; worth approximately $6-8 mln); VMSI +12.9% (enters into confidentiality agreement with Roche); NPSP +8.0% (announces senior mgmt appointments); ETFC +6.6% (CEO cancels presentation at Merrill conference – CNBC ); LUM +5.8% (discloses notification that co has remedied conditions that gave rise to an event of default); QSFT +4.4% (guides Q3 revs above consensus); GRIF +1.8% (Announces Extension of Its Stock Buyback Program by 100,000 shares); ISLE +1.6% (Nevada Gold Announces Isle of Capri has agreed to pay Nevada Gold for $64.6 mln); GIGA +1.6% (ASCOR subsidiary awarded $726,000 contract by Harris Corporation); DD +1.2% (reaffirms full-year 2007 EPS outlook of $3.15-3.20 vs $3.19 Reuters consensus)… Trading Down: NFI -5.4% (delays the co’s Q3 10-Q); MFA -3.0% (announces over-allotment exercise of 2.25 mln shares); BDE -4.7% (Concludes Review of Strategic Alternatives); HBHC -1.9% (announces new stock repurchase program of an additional 3,000,000 shares or ~10% of the co’s outstanding common stock); SPW -1.6% (Officer adopts 10b5-1 Plan); BDOG -1.3% (The Walking Company to acquire Natural Comfort chain); CX -1.1% (in negotiations with Ready Mix USA to contribute and sell additional assets to joint venture); EDR -1.0% (awarded third-party mgmt contract).
19:12 FLL Full House Resorts beats by $0.01 (2.98 +0.03)

Reports Q3 (Sept) earnings of $0.03 per share, $0.01 better than the Reuters Estimates consensus of $0.02; revenues were $3.2 mln vs the $3.6 mln consensus.
19:09 CCIX Coleman Cable beats by $0.12; guides Q4 revs below consensus (13.40 +0.94)

Reports Q3 (Sept) earnings of $0.41 per share, $0.12 better than the Reuters dual-analyst est of $0.29; revenues rose 120.5% year/year to $253.5 mln vs the $250.1 mln consensus. Co sees Q4 revs of $220-240 mln vs $243.9 mln Reuters dual-analyst est.
19:01 MWE MarkWest Energy Partners announces Javelina processing agreement (32.95 +0.57)

Co announced it executed a long-term agreement with a major refiner customer in Corpus Christi, Texas, to continue to process off-gas from the customer’s refineries at MarkWest’s Javelina processing and fractionation facility.
19:00 MSFT Microsoft and Kyocera Mita enter broad patent cross-licensing agreement (34.46 +1.319) -Update-

Co and Kyocera Mita Corp. have signed a patent cross-licensing agreement to allow access to each co’s respective patent portfolio. The agreement encompasses a broad range of patents and will help further each co’s research and development (R&D) efforts. Through this agreement, Kyocera Mita will gain access to Microsoft’s patents for Kyocera Mita’s current and future product lines, including multifunction products (MFPs), printers, copiers and certain Linux-based embedded devices. Microsoft will gain access to Kyocera Mita patents for Microsoft’s current and future product lines, including Microsoft Windows, Microsoft Office and other IT product lines. The terms of the agreement are not being disclosed.
18:53 GCI Gannett statement on proposed FCC rule change (41.44 +1.76)

Co released the following statement: Gannett agrees the newspaper/broadcast cross-ownership ban must be changed, but today’s proposed rule is far too limited and does not reflect the realities of the marketplace.
18:43 ADL AMDL announces filing of extension on Q3 2007 Form 10-QSB (4.39 +0.05)

Co reported that it has filed a Form 12b-25 with the Securities and Exchange Commission indicating that its Form 10-QSB for the six months ended September 30, 2007 would not be filed by November 14, 2007. However, AMDL expects to file the required report by November 19, 2007, in the time allotted by the Rules. Gary L. Dreher, President, stated: “Accounting for our operations in China is challenging and we need the additional time to properly prepare the Form 10-QSB.”
18:42 MKTIN Market Internals -Update-

The Dow was up 2.46% at 13307, the Nasdaq was up 3.46% to close at 2674, and the S&P was up 2.91% to close at 1481. Leading sectors included: Investment Banking and Brokerage +6.8%, Thrifts and Mortgage +6.5, Other Diversified Financial Services +6.1%, Computer Hardware +5.8%, Consumer Finance +5.6%. Lagging sectors included: Real Estate Management Development -0.95%, Commercial Printing -8.8%, Restaurants -0.51%, Application Software -0.03%, Diversified Chemicals -0.01%. Today’s movement came from higher than avg volume (NYSE 1644, vs. 1511 avg, Nasdaq 2706, vs. 2107 avg), with advancers outpacing decliners (NYSE 2783/604, Nasdaq 2158/882) with new lows outpacing new highs (NYSE 29/214; Nasdaq 65/185).
18:39 ULTR Ultrapertol reports Q3 (14.68 -0.02)

Reports Q3 (Sept) ($0.15) per share, may not be comparable to the Reuters Estimates consensus of $0.24; revenues rose 24.7% year/year to $63.1 mln.
18:32 Och-Ziff Capital 36 mln-unit offering priced at $32 each – DJ
18:31 ENOC EnerNOC 2.5 mln-unit offering priced at $43 each – DJ (43.75 +2.57)
18:20 CX CEMEX in negotiations with Ready Mix USA to contribute and sell additional assets to joint venture (27.40 +1.61)

Co announced that it is in negotiations with Ready Mix USA, a private ready-mix concrete company with operations in the Southeastern United States, to expand the scope of their ready-mix joint venture formed in July 2005. The completion of the transaction is subject to the signing of a definitive agreement and obtaining the required regulatory approvals. CX intends to contribute assets valued at ~$150 mln to the joint venture and intends to sell additional assets to the joint venture for ~$227 mln in cash. As part of the transaction, Ready Mix USA intends to make a $150 mln cash contribution to the joint venture. Ready Mix USA will manage all the newly acquired assets.
18:15 SGLP Semgroup Energy misses by $0.04 (28.19 +0.13)

Reports Q3 (Sept) earnings of $0.24 per share, $0.04 better than the Reuters Estimates consensus of $0.28; revenues rose 238.0% year/year to $25.8 mln vs the $27.8 mln consensus.
18:13 BAC Fitch: Bank of America’s ratings unaffected by expected CDO & SIV Charges (46.27 +2.29) -Update-

Fitch Ratings issues press release: BAC announced that ongoing declines in the valuations of collateralized debt obligations (CDOs), particularly those secured by U.S. subprime residential mortgages, will likely impact its 4Q07 results. Fitch Ratings does not consider these charges, considered in isolation, to have an impact on BAC’s credit ratings or Rating Outlook. Management stated earlier today that it expects to take a pretax charge of ~$3 bln in 4Q07 to reflect this decline in CDO valuations. In addition, BAC announced a writedown of $300 mln in a mezzanine investment in a structured investment vehicle (SIV). It has also provided support to a cash fund of $300 mln and expects to provide additional support of the same amount during Q4. BAC’s strong earnings capacity, balance sheet liquidity and franchise diversification provide it with sufficient flexibility to absorb these valuation charges. Also, BAC’s exposure to CDOs and U.S. subprime mortgage assets after the valuation charges, while moderately high, remains manageable. Before any 4Q07 market to market charge, BAC has ~$16 bln in CDO exposure, of which roughly $12.1 bln is backed by U.S. subprime mortgage assets. These exposures include liquidity support for CDOs issuing commercial paper as well as BAC’s CDO structuring and warehousing activities. The above figures are net of hedges, which primarily consist of financial guarantees provided by third-party insurers. That said, BAC will likely face other stresses over the next few quarters. Management plans to adjust its risk profile in its investment banking and trading activities in order to reduce earnings volatility. The co also faces the need to increase loan loss provisions.
18:06 CAST ChinaCast Education reports Q3 EPS of $0.08 vs $0.08 yr ago; revs rise 25% to $6.1 mln (6.50 +0.20)

Co sees FY07 revs of $25-26 mln; sees net income excluding option expense of $7-7.5 mln.
18:03 VMSI Ventana enters into confidentiality agreement with Roche (84.18 +0.02)

Co announced it has entered into a confidentiality agreement with Roche. The agreement will allow Roche to commence due diligence and have appropriate access to non-public information regarding VMSI to better understand the Co’s business prospects and the inherent value in companion diagnostics. VMSI’s Board believes that the due diligence conducted by Roche and related discussions that will accompany the due diligence process will allow Roche to recognize the significant additional value inherent in Ventana’s business. Prior to the execution of the confidentiality agreement, VMSI had not commenced negotiations with Roche and no assurance can be made that Roche and Ventana will ultimately enter into a definitive agreement. VMSI’s Board of Directors reiterated that Roche’s $75 offer is grossly inadequate and not an appropriate starting point for negotiations as reflected by that fact that VMSI’s share price has consistently traded well above Roche’s offer and our stockholders have overwhelmingly rejected that offer four times. Furthermore, the Board continues to believe Roche’s offer does not appropriately compensate VMSI’s stockholders for the inherent value of the Company or its synergistic value to Roche.
17:55 NS NuStar Energy L.P. Announces Pricing of Common Units in Equity Offering at $57.20 per unit (57.20 -1.94)

Co announced the pricing of an offering of 2,600,000 common units at a public offering price of $57.20 per unit. The underwriters have been granted a 30-day option to purchase up to 390,000 additional units. All units being sold are by NuStar Energy L.P. The offering is scheduled to close Monday, November 19, 2007. The partnership intends to use the net proceeds from the offering to repay a portion of the outstanding principal balance under its revolving credit facility.
17:54 CPL CPFL Energia announces net income of R$428 mln in 3Q07 (62.64 +3.83)

Co announces 3Q07 results. Net operating revenue grows by 15.8%, and EBITDA by 11.2%; Net Income reaches R$ 1,271 mln in 9M07, up 20% year-on year.
17:52 GLRE Greenlight Capital misses by $0.01 (20.75 +0.69)

Reports Q3 (Sept) ($0.06) per share, $0.01 worse than the Reuters Estimates consensus of ($0.05).
17:49 NSTK Nastech Pharmaceutical initiates plan for corporate restructuring and will concentrate on Phase 2 clinical programs (4.87 -0.87)

Co announced its corporate restructuring initiatives aimed at reducing operating expenses and enhancing shareholder value. NSTK will seek to establish its subsidiary, MDRNA, Inc., as an independent, separately financed co as was announced today, and will concentrate on Phase 2 clinical and partnered programs as well as cost containment strategies for the near-term. First, NSTK plans to concentrate its resources on its Phase 2 clinical development programs that are currently ongoing or planned including PYY3-36 Nasal Spray for obesity, Insulin Nasal Spray for type 2 diabetes, and PTH1-34 Nasal Spray for osteoporosis. Secondly, as announced today, NSTK will move forward with the process of establishing MDRNA as an independent co. Finally, NSTk is implementing a workforce reduction plan as soon as feasible to align with the Co’s development and clinical plans, which will help to conserve cash, cash equivalents and investments which as of September 30, 2007 were $58.1 mln.
17:46 ISLE Nevada Gold Announces Isle of Capri has agreed to pay Nevada Gold for $64.6 mln (1.15 )

UWN announced that the Company will sell its 43% membership interest in the Isle of Capri-Black Hawk LLC to Isle of Capri Casinos, which currently owns the remaining 57% interest. Under the terms of the agreement, Isle of Capri has agreed to pay Nevada Gold $64.6 million. Seperately, co announced that it has entered into an agreement with its senior lender to restructure its credit facility. Pursuant to the agreement and as a result of Nevada Gold selling its 43% membership interest in the Isle of Capri-Black Hawk LLC, the Company will pay down approximately $39 million of its credit facility once the transaction closes. In addition, $13 million of the proceeds will be placed in an investment fund for use by Nevada Gold in future acquisitions. The amendment also extends the term of the credit facility to June 30, 2010.
17:43 DSUP Dayton Superior reports Q3 (6.54 -0.27)

Reports Q3 (Sept) earnings of $0.02 per share, incl charges, may not be comparable to the Reuters Estimates consensus of $0.38; revenues fell 1.0% year/year to $130.8 mln vs the $143.2 mln consensus.
17:41 ACS Affiliated Computer announces charges against ACS’ Canadian Subsidiary Dismissed (44.81 +0.42)

Co announced that all charges pending against its Canadian subsidiary in the Provincial Court of Alberta were dismissed by the court today. The prosecution last year had dropped all charges against the U.S. parent corporation.
17:41 SPW SPX Officer adopts 10b5-1 Plan (103.83 +2.72)

Co announced that Patrick J. O’Leary, Executive Vice President, Treasurer, and CFO, has adopted a plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. O’Leary’s plan covers options to purchase 1,028,546 shares of SPX stock that expire in January and June of 2009.
17:40 AMKR Joanne Solomon Named Amkor Technology Chief Financial Officer (8.42 -0.13)

Co announced that Joanne Solomon has been appointed Corporate Vice President and Chief Financial Officer, succeeding Ken Joyce in that position. Solomon will continue to report to Joyce who has been named to the new position of Chief Administrative Officer. Joyce joined Amkor in 1997 and was CFO for more than 8 years before assuming his new role as Chief Administrative Officer. Solomon joined Amkor in 2000 and has served alongside Joyce managing Amkor’s financial operations as Senior Vice President, Finance and Corporate Controller since 2006. Solomon’s appointment as CFO is effective immediately and is part of Amkor’s overall succession planning.
17:40 AWX Avalon Holdings reports Q2 EPS of $0.14 vs $0.13 yr ago; revs rise 9% to $12.1 mln (41.06 +5.88)
17:37 ATAR Atari announces departure of Chief Executive Officer (2.00 +0.05) -Update-

Co announced that David Pierce has resigned his position as ATAR’s Chief Executive Officer under the terms of his employment agreement. Curtis G. Solsvig III, Chief Restructuring Officer, will assume Pierce’s responsibilities on an interim basis. An executive search has been initiated to find Mr. Pierce’s successor.
17:37 ATAR Atari to refocus business plan on publishing and distribution in North America (2.00 +0.05)

ATAR announced the co will re-focus its operations on publishing and distribution in North America, completing its withdrawal from the production business. ATAR also announced that it has licensed its Test Drive franchise to Infogrames Entertainment, S.A. (”IESA”) under an agreement which includes a $5 mln advance royalty.
17:37 ZINC Tentative Labor Agreement Reached at Horsehead Corporation Monaca Facility (18.88 -0.58)

Co announced today that the Company reached a tentative agreement with the bargaining committee of United Steelworkers local 8183 on a new labor contract. The tentative agreement is awaiting ratification by the members of local 8183.
17:36 BDE Bois d’Arc Energy, Inc. Concludes Review of Strategic Alternatives (22.56 +0.55)

Co announced that after a comprehensive review, its Board of Directors has concluded its review of strategic alternatives. During the course of this review, the Company and its financial advisors solicited and received several preliminary offers to purchase the Company. No definitive offers were received where the potential buyer had established that sufficient financing was currently available to complete a transaction. Bois d’Arc also announced that the Board of Directors has authorized an open market share repurchase plan for the purchase of up to $100.0 million of its common shares in open market and private transactions. The implementation and execution of the plan, including the number of shares to be purchased, is subject to business and market conditions as well as obtaining the requisite approval from its lenders. M. Jay Allison, Bois d’Arc’s Chairman, commented “Bois d’Arc and its Board conducted an extensive process of evaluating strategic alternatives during a period of uncertainty in the financing markets. After carefully reviewing other strategic alternatives, our Board believes that the best option for our shareholders is to continue to pursue our established and successful business plan augmented by a repurchase of shares.”
17:29 MELI MercadoLibre Earnings Color (41.06 +5.88) -Update-

Reuters Estimates is telling us that, excluding non-Cash Charge of $1.0 Million related to the Increase in Fair Value of Warrants, an actual of $0.13 per share is comparable to Reuters estimates of $0.06. See earlier comment at 16:54.
17:26 CPBR ClearPoint reports Q3; beats on revs (3.36 -0.19)

Reports Q3 (Sept) ($0.01) per share, (No Reuters Estimates); revenues rose 79.2% year/year to $52.4 mln vs the $42.0 mln single-analyst est.
17:24 WEN Wendy’s: 13d/a filed by shareholder Trian Fund Mgmt (31.65 ) -Update-

At the request of the Board of Directors of the Company and in connection with the Company’s previously announced sales process, on November 12, 2007, Triarc submitted a proposal to purchase 100% of the equity of the Company. Triarc’s proposed purchase price is below the valuation range that Triarc had indicated it would be prepared to offer in its July 30, 2007 letter. In its November 12, 2007 proposal, Triarc indicated that the consideration would be primarily in the form of cash with a portion to be paid in the form of Triarc equity. Triarc’s proposal is subject to the receipt of satisfactory financing commitments, completion of due diligence, and the approval by Triarc’s Board of Directors of the final terms of the transaction, including the final form of the merger agreement and all other definitive agreements to be entered into in connection with the transaction.
17:23 BDOG The Walking Company to acquire Natural Comfort chain (13.78 +0.18)

Co announced that its The Walking Company (”TWC”) subsidiary has signed a letter of intent to purchase the assets of Natural Comfort Footwear. TWC is a specialty retailer of high-quality, technically designed comfort shoes and accessories.
17:21 WEN Wendy’s receives bid from Triarc– Bloomberg -Update-
17:21 URS URS will replace Micrel in the S&P MidCap 400 (56.20 +2.99)

S&P SmallCap 600 constituent URS (URS) will replace Micrel (MCRL) in the S&P MidCap 400 and Micrel will replace URS Corp. in the S&P SmallCap 600 after the close of trading on a date to be announced. URS is acquiring Washington Group International (WNG) in a deal still pending final approvals. The market capitalization of Micrel at the close of today’s trading was ~$648 mln, whereas the minimum market capitalization for addition to the S&P MidCap 400 is $1.5 billion.
17:15 IRF Intl Rectifier delays Q3 10-Q (34.83 0.92)

From NT 10-Q filing: The matters that prevent the Co from filing its quarterly report on Form 10-Q within the prescribed time period consist of the following: Reconstruction of the financial records of the co’s subsidiary in Japan, tax matters, restructuring, continuing investigation.
17:12 GRIF Griffin Land & Nurseries Announces Extension of Its Stock Buyback Program by 100,000 shares (35.68 -1.40)

Co announced that its Board of Directors had authorized the extension of its program to repurchase shares of its common stock through December 31, 2008 and increased by 100,000 shares the number of shares that may be repurchased. Griffin is now authorized to repurchase a total of 137,100 shares of its common stock in private transactions from time to time, dependent upon market conditions.
17:09 NFI Novastar Fin delays the co’s Q3 10-Q (4.65 +0.13)

From NT 10-Q filing: “Due to the magnitude of changes occurring in the business of NFI during Q3 of 2007, the Co’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, due on November 9, 2007, could not be filed with the Securities and Exchange Commission on a timely basis without unreasonable effort or expense. The Co intends to file the Form 10-Q within the 5 calendar day period contemplated by Rule 12b-25 promulgated under the Securities Exchange Act of 1934, as amended.”
17:05 HBHC Hancock Holding Company announces new stock repurchase program of an additional 3,000,000 shares or ~10% of the co’s outstanding common stock (38.88 +1.64)
17:04 GHS Gatehouse Media reports Q3 EPS of ($0.18) vs ($0.49) yr ago; revs rise 67.4% to $163.4 mln (11.75 +0.35)
17:03 KBX Kimber Resources announces new Chief Financial Officer, Dr. Lyn Davies (1.05 +0.05)

CO announces that Dr. Lyn Davies CA has been appointed as Acting Chief Financial Officer of the co, replacing Mr. Gordon Cummings CA who has recently been appointed President and Chief Executive Officer.
17:01 ETH Ethan Allen increases share repurchase authorization to 2 mln shares (30.55 +0.71)
17:01 UIC United Industrial’s AAI subsidiary awarded $2.3 mln U.S. Army contract to provide improvised explosive device training systems (80.96 +0.08)

Co announced that its AAI Corporation subsidiary has been awarded a $2.3 mln contract from the U.S. Army to assist in training the joint and individual services on operational support tasks, conditions, and standards needed to achieve U.S. military objectives to defeat improvised explosive devices.
16:54 MELI MercadoLibre reports Q3, beats on revs (41.06 +5.88)

Reports Q3 (Sep) earnings of $0.07 per share, may not be comparable to the Reuters Estimates consensus of $0.06; revenues rose 72.4% year/year to $22.8 mln vs the $20.7 mln consensus.
16:53 OCNW Occam Networks Earnings Color (4.00 +0.10) -Update-

Reuters Estimates is telling us that, excluding Stock-option expenses, an actual of ($0.22) per share is comparable to Reuters estimates of ($0.05). See earlier comment at 16:10.
16:51 MELI prelim $0.07, may not be comparable to $0.06 Reuters consensus; revs $22.8 mln vs $20.7 mln Reuters consensus
16:51 EXM Excel Maritime Carriers Earnings Color (52.59 +7.75) -Update-

Reuters Estimates is telling us that, excluding unrealized losses, an actual of $1.00 per share is comparable to Reuters estimates of $1.05. See earlier comment at 16:20.
16:48 FEP Franklin Electronic Pbls. reports Q3 EPS of $0.05, excl items, vs ($0.11) yr ago; revs rise 22.0% to $15.0 mln (3.53 -0.02)
16:46 ETFC E-Trade CEO cancels presentation at Merrill conference – CNBC (5.00 +1.45)
16:43 SDBT SoundBite Communications reports Q3 revs up 29.4% yr/yr to $10.1 mln, guides for Q4 (7.65 +0.05)

Co reports pro forma net income was $547,000 in Q3. Revenue rose 29.4% yr/yr to $10.1 mln. There are no analyst estimates yet for this recent IPO. For Q4, co expects revenue of $10.5-10.9 mln. For 2008, SoundBite projects revenue growth of 35-40%.
16:41 IMOS Chipmos Technology reports EPS in-line, revs in-line; guides Q4 revs below consensus (5.10 +0.00)

Reports Q3 (Sep) earnings of $0.22 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of $0.22; revenues rose 11.9% year/year to $182.1 mln vs the $182.1 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $191-198 mln vs. $201.74 mln consensus. The co currently expects US GAAP gross margin on a consolidated basis for the 4Q07 to be in the range of approximately 23-27%, which approximately at the same level as in the third quarter of 2007. “We currently expect that Q4 will be stronger than Q3, led by growth in our flash revenue, DDR II assembly, and mixed-signal testing for LCD peripheral chips. We currently expect the DRAM backend environment to remain healthy due to conservative capacity investment in the market combined with a growing DRAM backend manufacturing market. We also expect our growing DRAM business with a US-based customer will help our revenue growth and further diversify our DRAM customer base. However, as DRAM end market pricing remains weak, we expect to face price pressure in Q4. Our flash revenue is expected to grow quarter-over-quarter because of the scheduled capacity ramp till end of Q4 with our major NOR flash customer and the new NAND flash assembly business. We currently expect our flash business will be the major contributor to our revenue growth in the second half of 2007 and the full year of 2008. Finally, while we currently expect the driver IC business to remain flat in Q4 compared to Q3, we currently expect demand from the TV segment will maintain strength through 2008.”
16:41 ARTE Artes Medical beats by $013 (3.10 -0.08)

Reports Q3 (Sept) ($0.22) per share, $0.13 better than the Reuters Estimates consensus of ($0.35); revenues were $6.7 mln vs the $3.8 mln consensus.
16:38 NPSP NPS Pharmaceuticals announces senior mgmt appointments (4.40 +0.03)

The co announces the promotion of Andrew Rackear to senior vice president, legal affairs, and general counsel, effective November 15, 2007, and the appointment of Luke M. Beshar as senior vice president and CFO, effective November 20, 2007. Mr. Rackear replaces Val Antczak, who is retiring from NPS in conjunction with the closing of the co’s Salt Lake City facility. Mr. Beshar replaces Gerard Michel, who is leaving the company on November 19, 2007 to pursue new professional opportunities but will remain a consultant to NPS on an as-needed basis to ensure a smooth transition of his responsibilities.
16:38 QSFT Quest Software guides Q3 revs above consensus (16.96 +0.48) -Update-

QSFT guides Q3 revs to $153.4 mln vs $132.45 mln consensus.
16:37 CXO Concho Resources misses by $0.01 (18.40 +0.28)

Reports Q3 (Sept) earnings of $0.11 per share, $0.01 worse than the Reuters Estimates consensus of $0.12; revenues rose 18.6% year/year to $69.1 mln vs the $65.2 mln consensus.
16:37 MFA MFA Mortgage Investments announces over-allotment exercise of 2.25 mln shares (8.09 +0.07)

The co announces that the underwriters participating in its public offering of 15.0 mln shares of common stock, which priced on November 7, 2007, exercised in full the over-allotment option for an additional 2.25 mln shares of common stock that MFA granted to them in connection with the offering. After giving effect to the exercise of the over-allotment option, MFA will sell 17.25 mln shares of common stock in the offering and will receive aggregate net proceeds of approximately $130.0 mln after underwriting discounts, commissions and estimated offering expenses. MFA intends to use substantially all of the net proceeds from this offering to acquire additional high quality MBS, on a leveraged basis, consistent with its investment policy and for working capital, which may include, among other things, the repayment of its repurchase agreements.
16:36 HOOK Redhook Ale Brewery and Widmer agree to merge (6.10 -0.02)

Redhook Ale Brewery and Widmer Brothers Brewing will merge to create a combined co called Craft Brewers Alliance. Kurt Widmer will serve as the co’s chairman of the board and Paul Shipman will serve as chairman emeritus. Dave Mickelson, Redhook’s current president and chief operating officer, and Terry Michaelson, president of Craft Brands Alliance, Redhook and Widmer’s sales and marketing joint venture, will serve as co-CEOs of the company. The combined company will continue to be publicly traded on NASDAQ under the symbol HOOK and will have management offices in both Portland and Woodinville.
16:35 BRC Brady Corporation acquires security-sealing co Transposafe Systems; terms of the transaction were not disclosed (36.43 +1.64)
16:33 INOC Innotrac Corp reports Q3 EPS of $0.08, vs ($0.04) prior year; revs increase 52.4% (2.38 +0.18)

Reports Q3 (Sep) earnings of $0.08 per share, (no estimates) excluding non-recurring items, vs a net loss of ($0.04) share year ago period; revenues rose 52.4% year/year to $29.1 mln.
16:33 BFLY Bluefly reports Q3 revs increased 11% y/y to $18.1 mln; net loss increased to $5.0 mln from $3.5 mln (0.88 -0.03)

Gross margin decreased to 31.7% from 37.4% in third quarter 2006. Gross margin was negatively impacted in the quarter by a $550,000 charge against inventory related to the company’s move to a new third party fulfillment center.
16:32 BHS Brookfield Homes: CEO Ian Cockwell discloses 5.1% stake in SC 13D (17.86 +1.80)
16:32 QSFT sees Q3 revs of $153.4 mln vs $132.5 mln consensus
16:31 IMOS sees Q4 revs $191-198 mln vs $201.74 mln Reuters consensus
16:31 IMOS prelim $0.22 vs $0.22 Reuters consensus; revs $182.1 mln vs $182.13 mln Reuters consensus
16:24 OMPI Obagi Medical beats by $0.01, reports revs in-line; guides FY07 EPS in-line, revs in-line (20.65 +0.71)

Reports Q3 (Sep) earnings of $0.20 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.19; revenues rose 37.7% year/year to $26.3 mln vs the $26.4 mln consensus. Co reaffirms in-line guidance for FY07, reaffirms EPS of $0.76-0.79, excluding effect of Offering costs and write down of deferred offering cost vs. $0.76 consensus; reaffirms FY07 revs of $102-106 mln vs. $104.87 mln consensus.
16:23 XFML Xinhua Finance earnings color (8.12 +0.15) -Update-

Reuters Estimates is telling us that an actual of $0.20, excluding stock based compensation and amortization, is comparable to their consensus of $0.11. See 15:58 comment for the full report.
16:23 LUM Luminent Mortgage Capital discloses notification that co has remedied conditions that gave rise to an event of default (1.20 -0.02)

From today’s 8-K: “We previously reported that an event of default had occurred under the indenture dated as of June 5, 2007 with respect to our 8.125% convertible senior notes due 2027. On November 6, 2007, Wells Fargo Bank, National Association, the trustee under the indenture acknowledged that we have remedied the conditions that gave rise to an event of default under the indenture.”
16:22 ROX prelim ($0.21) vs ($0.31) Reuters consensus; revs $8.9 mln vs $7.9 mln Reuters consensus
16:21 ROX Castle Brands: CEO to step down, Don Marsh to assume President and COO roles (2.35 +0.21)
16:21 LZB La-Z-Boy misses by $0.06, misses on revs; guides second half below consensus (7.40 +0.22)

Reports Q2 (Oct) earnings of $0.01 per share, excluding non-recurring items, $0.06 worse than the Reuters Estimates consensus of $0.07; revenues fell 11.9% year/year to $365.4 mln vs the $371.6 mln consensus. LZB sees second half EPS of $0.06-0.14 vs 0.38 second half consensus (from calculations).
16:20 OMPI sees FY07 $0.76-0.79 vs $0.76 Reuters consensus; sees revs $102-106 mln vs $104.87 mln Reuters consensus
16:20 EXM Excel Maritime Carriers misses by $0.09, misses on revs (52.18 +7.27)

Reports Q3 (Sep) earnings of $0.96 per share, excluding non-recurring items, $0.09 worse than the Reuters Estimates consensus of $1.05; revenues rose 32.1% year/year to $43.2 mln vs the $45.3 mln consensus.
16:20 LDG Longs Drug announces new $200 mln share repurchase program (52.00 +0.66)

Co announces that its Board of Directors has authorized the repurchase of up to $200 mln of the co’s outstanding common stock during the period extending through Feb 2011. The co has repurchased approx $125 mln in common stock under a separate repurchase program authorized by its Board of Directors in May 2005. The average purchase price was $46.40 per share. Approx $25 mln remains under this authorization that expires in May 2008.
16:19 OMPI prelim $0.20 vs $0.19 Reuters consensus; revs $26.3 mln vs $26.43 mln Reuters consensus
16:18 LZB sees second half EPS of $0.06-0.14 vs 0.38 second half consensus (from calculations)
16:17 SDXC Switch & Data reports Q3 of $0.04, up from net loss of ($0.07) a yr ago; revs rose 28% YoY to $35.4 mln (16.90 +0.22) -Update-

Co reports Q3 EPS of 0.04, up from net loss of ($0.07) a yr ago; revs rose 28% YoY to $35.4 mln. For FY07 the co sees revs of $137 mln and adjusted EBITDA to be $42.5 mln. For FY08 the co sees revs of $165 mln and adjusted EBITDA to be $51 mln.
16:17 SSRX prelim $0.15 vs $0.10 Reuters consensus – 2 ests; revs $7.5 mln vs $6.2 mln Reuters consensus – 2 ests
16:15 LZB prelim $0.01, ex items vs $0.07 Reuters consensus; revs $365.4 mln vs $371.62 mln Reuters consensus
16:15 MNT Mentor appoints Michael O’Neill as Vice President and Chief Financial Officer (38.78 -0.90)

Co announces that it has named Michael O’Neill as Vice President and Chief Financial Officer. O’Neill has spent the past twenty years with Johnson & Johnson, most recently serving as the Vice President, Finance, Information Technology Office.
16:14 SENO Senorx beats by a penny; guides FY07 revs in-line (9.04 -0.20)

Reports Q3 (Sep) loss of ($0.10) per share, $0.01 better than the Reuters Estimates consensus of ($0.11); revenues rose 44.9% year/year to $8.9 mln vs the $8.72 mln consensus. Co narrows rev guidance for FY07, sees FY07 revs of $34-35 mln vs. $34.81 mln consensus.
16:11 PFSW PFSWeb reports Q3 results; guides FY 07 revs (1.24 +0.01) -Update-

As mentioned at 16:07, PFSW reported Q3 EPS of $0.00 vs $0.01 Reuters single est; revs increased 19% from a year ago to $112 mln vs $114.00 mln Reuters single est. PFSW sees FY07 revs $420-435 mln vs $454.81 mln Reuters consensus
16:11 PDEX Pro-Dex reports Q1 EPS of $0.03 vs $0.02 YoY, revs rose 14% YoY to $6 mln (1.39 +0.04)

Co also announces it received a new purchase commitment from an existing customer for $2.4 mln of product to be delivered throughout calendar year 2008.
16:11 STEC STEC Inc beats by $0.01, beats on revs; guides Q4 EPS in-line, revs in-line (7.06 +0.19)

Reports Q3 (Sep) earnings of $0.05 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.04; revenues fell 16.9% year/year to $44.7 mln vs the $44 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.07-0.09 vs. $0.08 consensus; sees Q4 revs of $48-51 mln vs. $48.38 mln consensus. Co says, “During Q3 of 2007, sampling activity and revenue from our ZeusIOPS Solid-State Drives (”SSD”) again accelerated in the Enterprise Storage and Video-on-Demand (”VoD”) sectors… now appears that we will end the year at the top end of our first-year revenue target of $5-10 mln. Despite various announcements from other potential SSD manufacturers and the subsequent misunderstanding and misinterpretations by analyst reports, we do not see any competition currently in the ZeusIOPS portion of our business nor have we seen any announcements which indicate any potential competitors might be introducing an SSD with similar performance as our ZeusIOPS anytime during 2008.
16:11 SENO sees FY07 revs $34-35 mln vs $34.81 mln Reuters consensus
16:10 OCNW Occam Networks misses by $0.20 (4.00 +0.10)

Reports Q3 (Sep) loss of $0.25 per share, $0.20 worse than the Reuters Estimates consensus of ($0.05); revenues fell 24.4% year/year to $15.7 mln vs the $14.3 mln consensus.
16:10 DD DuPont reaffirms full-year 2007 EPS outlook of $3.15-3.20 vs $3.19 Reuters consensus (46.10 -0.30) -Update-

For 4Q07 co expects strong sales growth outside the United States will continue to exceed the effect of lower demand from U.S. housing and auto markets. The co anticipates pretax operating income to grow substantially from last year’s fourth quarter, reflecting continued execution of its growth strategies and productivity initiatives partially offset by higher ingredient costs. Net income growth is expected to be tempered by a much higher base tax rate in the fourth quarter 2007 versus the prior year.
16:10 SENO prelim ($0.10) vs ($0.11) Reuters consensus; revs $8.9 mln vs $8.72 mln Reuters consensus
16:09 TRBR Trailer Bridge to be awarded U.S. patent on vessel loading and unloading process (12.09 +0.43)

Co announces that it has been notified by the United States Patent and Trademark Office that the Company has received a notice of allowance for its patent application related to the process of loading and unloading containers on its Triplestack Box Carrier vessels. Trailer Bridge as assignee had initially applied for this patent in April 1998 and the application has been amended several times following review by the USPTO.
16:08 STEC sees Q4 $0.07-0.09 vs $0.08 Reuters consensus; sees revs $48-51 mln vs $48.38 mln Reuters consensus
16:07 PFSW sees FY07 revs $420-435 mln vs $454.81 mln Reuters consensus
16:07 STEC prelim $0.05 vs $0.04 Reuters consensus; revs $44.7 mln vs $44.02 mln Reuters consensus
16:07 EAR HearUSA reports Q3 EPS of $0.01 vs $0.01 single analyst est; revs rose 8% YoY to $26.9 mln vs $26.00 mln single analyst est (1.64 +0.10)
16:07 PFSW prelim $0.00 vs $0.01 Reuters single est; revs $112 mln vs $114.00 mln Reuters singel est
16:06 GUID Guidance Software beats by $0.03, beats on revs (13.93 +0.16)

Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.03 better than the Reuters Estimates consensus of $0.04; revenues rose 37.2% year/year to $20.3 mln vs the $18.9 mln consensus.
16:06 OCNW prelim ($0.25), may not compare to the vs ($0.05) Reuters consensus; revs $15.7 mln vs $14.27 mln Reuters consensus
16:05 EXM prelim $0.96 vs $1.05 Reuters consensus, $1.07 First Call; revs $43.2 mln vs $45.27 mln Reuters consensus
16:05 CNTF China Techfaith Wireless beats by $0.05, beats on revs; guides Q4 revs below consensus (7.90 +0.90)

Reports Q3 (Sep) earnings of $0.04 per share, $0.05 better than the Reuters Estimates consensus of ($0.01); revenues rose 122.0% year/year to $38.4 mln vs the $35.9 mln consensus. Co issues downside guidance for Q4, sees Q4 revs growth of 10-14% sequentially, which equates to ~$42.4-43.8 mln vs. $45.03 mln consensus.
16:05 PFSW PFSweb partners with three new service fee clients; worth approximately $6-8 mln (1.24 +0.01)

The co announces the addition of three new service fee clients. The combined revenue from the new agreements is estimated to be worth approximately $6-8 mln in service fees in total over the various terms of the agreements, based on current client projections. Neither PFSweb nor the clients disclosed the value of any of the individual contracts.
16:05 ALUS Alsius reports 3Q07 net loss of ($0.29) vs. ($0.42) YoY; revs were $1.9 mln vs. $1.8 mln YoY (4.50 +0.58)

Co reaffirms 2007 full year revenue to be in a range of $8.5 to $9.5 million.