Stronger Opening For Stocks
Stocks appeared set to open higher Monday on the
Veterans Day holiday, after Ciena
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PowerRating) announced in its
8:45 a.m. ET conference call that it was comfortable with guidance for the quarter.
Clothing retailer Abercrombie and
Fitch
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PowerRating) was upgraded by Morgan Stanley from Outperform to Strong Buy.
Adelphia Communications
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PowerRating)
was upgraded by Morgan Stanley from Outperform to Strong Buy, citing lower debt
leverage and increasing fundamental growth.
ABN Amro upgraded Double Click
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PowerRating) from Add to Buy.
Metromedia Fiber Network
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MFNX |
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PowerRating)
will provide Veritas Software
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PowerRating) with Internet infrastructure managed
services.
Mckesson
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PowerRating) was granted and
extension in its supply agreement with Wal-Mart Stores
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PowerRating).
Celgene
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PowerRating) said scientists
will present clinical results at a conference on three of Celgene’s novel small
molecule JNK inhibitors.
Rite Aid
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PowerRating) said it plans to
offer $125 million in five-year convertible senior notes.
ADC Telecom
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PowerRating) said that
Nextel Communications
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PowerRating) will be using its Digivance Long Rante
Coverage Solution in efforts to enhance and improve its next generation all-digital wireless system.
Openwave
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PowerRating) was chosen by
Telecom Italia Group to supply technology for the first M-Service in Europe.
Athero Genics
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PowerRating) said at the
American Heart Association meeting that AGI-1067 has met the company’s primary
endpoint in stopping restenosis in Phase II testing on post-angioplasty
recipients.