Stocks Look To Open Stronger

Stocks appeared set to open higher
Tuesday.

Globix
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announced the
company has received approximately $25 million in new contracts for Q3.

Microsoft
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and VeriSign
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have aligned to embed digital authentication technology in MSFT’s Web services.
This is the second alliance for Microsoft with a security software maker.
Earlier this year MSFT joined up with McAfee.com
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to integrate the
McAfee software into MSFT’s Net Internet servers.

Silverstream Software
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said
it expects Q2 earnings to be a loss between 45 to 48 cents per share. Analysts surveyed by Thomson Financial/First Call expected the company to post a 46 cent
loss.

Lockheed Martin
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announced
that their Patriot Advanced Capability-3 (PAC-3) missile program met a two
flight test
milestone.

Citigroup
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announced a tender
offer for Grupo Financiero Banamex-Accival.

Medical device maker Inamed
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announced the company expects Q2 earnings to be between 42 to 44 cents a share.

Linen’N Things
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expects earnings for Q2 to be between 11 to 12 cents per share. According to a poll
taken by Thomson Financial/First Call, analysts were expecting earning to be 15
cents.

According to a Dow Jones report,
Amerada Hess
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has agreed to acquire Triton Energy
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for
$45/share.

DB Alex Brown initiated coverage on
Gemstar-TV Guide
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with a Strong Buy.

Lehman Brothers upgraded their rating
on Home Depot
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from Buy to Strong Buy.

Phone equipment maker LM Ericcson
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was downgraded by Salomon Smith Barney from Neutral to Underperform.

 

 

 

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