Stocks Appear To Open Higher
Stocks appeared set to open slightly
higher on Monday as markets wait in anticipation of the Federal Reserve Board
meeting scheduled tomorrow and Wednesday.
Overnight Vishay Intertechnology
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announced the company will extend its exchange offer for the shares
of Silconix
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June 29.
General Dynamics
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million contract from the U.S. Army. The contract is for eight Wolverine heavy
assault bridge systems with options for nine additional vehicles.
Swift Transportation
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stockholders gave the OK for the public offering of 1.2 million shares of
common stock which will be priced at $16.00 to meet criteria set forth in the
company’s acquisition of M.S. Carrier
Smithfield Foods
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its acquisition of Moyer Packing.
Microsoft
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the company will shut down their ListBot Newsletter Service which is free to
subscribers in an effort to move towards a fee-based subscription service.
Raymond James initiated coverage on
Micromuse
(
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assurance software at Market Perform.
Electronic Arts
(
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Financial Officer Stan McKee announced that he will retire effective March 31,
2002 which coincides with the end of the company’s fiscal year.
Merrill Lynch upgrades Photon Dynamics
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Mediacomm Communications
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was upgraded by Banc of America Securities to Strong Buy from Buy.
Blaylock & Partners initiated
coverage on Nextel Communications
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Ciena Corporation
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announced a sales agreement with Beijing Monday. Ciena is a leading provider of
Optical networking systems and software.
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