Thursday, June 29, 2006

Monster Worldwide (MNST) Sending Out End of Quarter Incentive

Monster Worldwide Inc. (Nasdaq: MNST): We just got this from a sales rep: "End of the Quarter Incentive! Since Monster values you as a customer you are eligible for these special offers.......... Buy 1 Job posting for $395 Get your second FREE!!! ($198 per posting, regularly $395 each) Buy 3 Job postings for $650 ($216 per posting, regularly $395 each) Buy 4 Job Postings for $800 ($200 per posting, regularly $395 each) Offers only available through June 30th!!! Please contact me directly by email/phone for more details or to take advantage of the promotion. This offer is only available through your sales representative. I look forward to talking with you soon!"

Tuesday, June 27, 2006

Movie Gallery (MOVI) Jumps on More Takeover Chatter

Shares of Movie Gallery Inc. (Nasdaq: MOVI) ramped higher mid-day Tuesday for no apparent reason. Afternoon reports from Reuters stated the move could have been related to re-hashed takeover rumors. Recently there have been questionable rumors equally-troubled rival, Blockbuster (NYSE: BBI) could offer to buy the company.

It should also be noted that some hedgies have been playing the stock and could have triggered a short squeeze situation.

Monday, June 26, 2006

Sirius (SIRI) CEO Mel Karmazin said the company would be interested in buying XM (XMSR) - Reuters

Reuters is reporting that Sirius Satellite Radio Inc. (Nasdaq: SIRI) CEO Mel Karmazin said the company would be interested in buying XM Satellite Radio (Nasdaq: XMSR), but notes regulatory issues.

Friday, June 23, 2006

Blackstone Group Denies Rumors its Preparing a Bid for Deutsche Telekom AG (DT)

Private equity firm, Blackstone Group, says a rumor the company is preparing a bid for Deutsche Telekom AG (NYSE: DT) is 'without merit or foundation'. The report was originally put out in a German weekly publication. The report didn't cite sources, but said Blackstone was raising EUR60 billion from investors to launch a bid for DT. - DJ

Thursday, June 22, 2006

Google (GOOG) Files to Sell Stake in (BIDU)

According to a form 144 filed with the SEC, Google Inc. (Nasdaq: GOOG) filed to sell 749,625 shares of, Inc. (Nasdaq: BIDU). NOTE: There have been rumors in the market GOOG may try to buy BIDU --- this will kill that speculation.

Wednesday, June 21, 2006

Stifel Nicolaus Maintains Their Positive Stance on Jupitermedia (JUPM), Thinks Company Eventually Gets Sold

Stifel Nicolaus maintain their Buy rating on Jupitermedia Corp. (Nasdaq: JUPM) based on reasonable valuation and likelihood that CEO Meckler will eventually sell the company. The firm said, "We believe JUPM's strategy of aggregating a critical mass of content to compete with GYI is heading in the right direction. Longer term, we believe that JUPM is building an asset that will be quite valuable to larger media and Internet companies, and that JUPM's CEO Alan Meckler will be a willing seller at the right time. We believe the biggest short-term risk is costly integration issues that could result in an EBITDA miss, and the biggest long-term risk is that a price war emerges between GYI, JUPM, Corbis (private) in which all parties lose."

Friday, June 16, 2006

BriteSmile (BSML) Higher on Chatter of New Bid

BriteSmile Inc. (Nasdaq: BSML) is moving higher on rumors Futuredontics, Inc. could raise its bid or offer the company a higher cash component. Last Friday, Futuredontics offered to buy the company for $4 per share, $2 in cash and $2 in stock, which BSML rejected. NOTE: One of BSML's concerns in rejecting the deal was that Futuredontics does not have the funds required to complete the transaction. We don't know if this has changed.

Thursday, June 15, 2006

Millennium (MLNM) Sees Wild Trading on Report of Buyout and Word of No Deal

Millennium Pharmaceuticals Inc. (Nasdaq: MLNM) spiked over 20% earlier today following reports from CNBC's David Faber that the company hired investment bankers to explore a possible sale.

The run-up in the stock triggered an immediate comments from the company. MLNM said it did receive an offer from a third party, and engaged a financial advisor, but the process ended without a deal.

After re-opening from the trading halt, shares immediately gave back a large chuck up the gains but still remain 8% higher as the buyout offer still gives investors something to hang their hat on.

Wednesday, June 14, 2006

Warnaco Group (WRNC) Higher On Rumors of Possible Interest from Phillips-Van Heusen

Warnaco Group Inc. (Nasdaq: WRNC) is 3.9% higher in pre-open action on reports from Women's Wear Daily ( that Phillips-Van Heusen Corp. (NYSE: PVH) is in acquiring mode and could be eying Warnaco for a takeover.

Tuesday, June 13, 2006

Lone Star Technologies (LSS) and NS Group (NSS) Jump on Maverick Tube (MVK) Buyout

Shares of Lone Star Technologies Inc. (NYSE: LSS) (+6.5%) and NS Group Inc. (NYSE: NSS) (+5.8%) are trading higher today related to the buyout of Maverick Tube Corp. (NYSE: MVK) (+37%) at a hefty premium. These companies make tubular steel products, which are primarily used in the oil and natural gas industry.

Thursday, June 08, 2006

Shares of Apollo Group Inc. (APOL) Moving Lower After Lehman Bros. Investigates Option Grants

Shares of Apollo Group Inc. (Nasdaq: APOL) are falling after CNBC commentator says Lehman Bros. was concerned about option grants being priced within 1% of 52-wk lows. Worries an SEC probe could follow.

Wednesday, June 07, 2006

L-3 Comm (LLL) Higher on Takeover Rumors Following Sudden Passing of CEO Lanza

Shares of L-3 Communications Holdings Inc. (NYSE: LLL) are higher in early action as takeover rumors surround the name following the sudden passing of Chairman and Chief Executive Officer Frank C. Lanza.

The stock is trading at $76.51 on the NYSE this morning, up $3.02 or 4.11%.

Friday, June 02, 2006

Citigroup Analyst Yu Comments on AMD/ATI Rumors

In a research note, Citigroup analyst Andrew Lu comments on rumors AMD may seek to acquire ATI (NASDAQ: ATYT). The analyst said TSMC (NYSE: TSM) and ASE (NASDAQ: ASTSF) would likely benefit given they are ATI's main foundry and OSAT sources. Yu also said Chartered (NASDAQ: CHRT) might land some orders from ATI (aside from 0.13um graphic processor for handset) due to AMD and Chartered's relationship on CPU manufacturing and Amkor (NASDAQ: AMKR) might land some orders from ATI due to its relationship with AMD.

Citing some negatives related to a potential deal, Yu said, "ATI might lose chipset orders selling to Intel motherboard divisions; 2) ATI might lose chipset licensing from Intel (NASDAQ: INTC); 3) nVIDIA (NASDAQ: NVDA) and VIA would likely lose a majority of chipset and graphic chip shares (50% and 50% now) in the AMD platform to ATI."

Yu sees only a 30% chance of a AMD/ATYT deal.