Mergers Boost Nasdaq

• September 12, 2005
• Brice Wightman

Stocks are mixed mid-session,
with the Nasdaq showing relative strength on news of several acquisitions.

EBay
(
EBAY |
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week’s speculation and said it would buy internet phone company Skype for
up to $4.1 billion. Oracle
(
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is buying Siebel for $5.85 billion, or $10.66/share. Siebel’s board voted
in favor for the transaction, which is expected to close in early 2006.

Campbell Soup
(
CPB |
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Citigroup
(
C |
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at Prudential.

RenaissanceRe
(
RNR |
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Strong Sectors are:  
Computer Hardware 

(
HWI |
Quote |
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PowerRating) +1.01%      Airlines 
(
XAL |
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PowerRating) +0.96%      

Weak sectors are:    Oil Services 

(
OSX |
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PowerRating) -2.17%     Oil  
(
OIX |
Quote |
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News |
PowerRating) -2.17%
      

Dow	+6.61	10,685.17
Nasdaq	+6.01	2181.52
S&P 500	-0.74	1240.74

Stocks in the news:

Books-A-Million

(
BAMM |
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PowerRating)

lowered its Q3 and fiscal 2006 forecast.

A New York Times article discussed solar power stocks, such as
Evergreen Solar

(
ESLR |
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PowerRating), DayStar

(
DSTI |
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PowerRating), Spire

(
SPIR |
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PowerRating).

Intersections

(
INTX |
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PowerRating) was the subject of a positive article in
Barron’s this weekend.

Bear Stearns is holding
its annual Healthcare Conference today. Also
today, Goldman Sachs Gaming Investor Forum. Watch gaming stocks as well.

Brice Wightman