TradingMarkets’ 10 Stocks You Need To Know About Today

Sprint Nextel
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is suing Vonage,
saying the company is violating patent rights on internet phone call technology.

Freddie Mac
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put the cost of
Hurricanes Katrina and Rita at between $150 million and $300 million for S3.

Motorola
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said it will take a $90
million pre-tax charge in Q3 as part of a cost reduction program.

ADC Communications

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cut its Q4 earnings and sales outlook and no sees
0.15 -0.19 vs. the prior 0.28.

Yum Brands
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beat by a penny and
guided in-line.

La-Z-Boy
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said its Q2
results–and potentially beyond–will be negatively impacted because of a soft
retail environment, tornado damage to one of its plants, and lack of
availability of a key chemical component.

NutriSystem
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NTRI |
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guided well above
consensus increased its outlook on new customers to 115,000 from 65,000; the
stock traded up pre open.

Mips Technologies
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guided Q3
lower and now sees revenues in the $11.8-$12.0 million range, down from the
$14.7 million consensus. The stock was cut to sector perform at RBC Capital.

Mercury Interactive
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MERQE |
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guided
its third quarter below consensus, to $198-$203 million, from the previous
$205-$215 million. The company also said an informal S.E.C inquiry has become a
formal investigation. The company was downgraded to underweight at Morgan
Stanley, to neutral weight at Prudential, to neutral at Baird and to hold at
Legg Mason.

National Semi
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NSM |
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meets with
analysts on Wednesday.