The Stocks Wall Street Is Watching

The following stocks may be
impacted due to significant news as noted:

Prudential has upgraded the
chip stocks Altera
(
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and Xilinx
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with the
belief that the companies will be able to grow faster than the industry average.

In the data storage business,
EMC Corp.
(
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has pre-announced better than expected fourth-quarter
results, and Storage Tech
(
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has raised its fourth-quarter
earnings guidance to above $0.45 per share vs. a consensus of $0.36 per share.

Software and programming
company Mercury Interactive
(
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has raised its earnings guidance
for the fourth-quarter to $0.25-0.27 per share vs. a consensus of $0.20 per
share. The company has also been downgraded by Prudential to “hold”.

Jeweler Tiffany & Co.
(
TIF |
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has posted disappointing holiday sales, and has lowered its fourth-quarter
earnings outlook to $0.57-0.62 per share vs. previous guidance of $0.60-0.65 per
share.

Computer hardware company
Tech Data

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has had coverage initiated on it by Lehman Brothers at
“underperform”.

Pre-market action:


(
GTRC |
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+12.5%,
(
EMC |
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+10%,
(
RNBO |
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+10%,
(
HTCH |
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+8%,
(
ADPT |
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+7%,
(
WEBM |
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+6.5%,
(
BONZ |
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+6.5%,
(
MERQ |
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+6.5%,
(
STK |
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+5.5%,
(
RSAS |
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+5.5%, 
(
XLNX |
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+3.7%,
(
ALTR |
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+3.3%,
(
REGN |
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+4%, 
(
SCSS |
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+2%,
(
MWRK |
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+1.5%.


(
ITMN |
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-13% ,
(
GYMB |
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-12% and
(
PWAV |
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-10%,
(
RTEC |
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-9%,
(
CRAY |
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-7%,
(
TKTX |
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-5.5%,
(
AAPL |
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-1%.