Tuesday, July 10, 2012

Stocks In The News (VRNG, ASML, CALL, GEVA, AMD)

Vringo Inc (NYSEAMEX: VRNG) jumped up 13.97% to $4.12 on a traded volume of 156k shares. Vringo is expected to complete its merger with I/P Engine Inc on July 19, 2012. I/P Engine is wholly owned subsidiary of Innovate/Protect which has entered into a definitive merger agreement with Vringo.

ASML Holding N.V. (ADR) (NASDAQ:ASML) surged up 7.88% to $52.25. Nomura restated the rating on the stock to buy in a research note. Intel Corp agreed to invest as much as $4.1 billion in Dutch chip-equipment maker ASML Holding NV in an effort to shave two years from the time to adopt new production techniques.

magicJack VocalTec Ltd (NASDAQ:CALL) soared 11.90% to $20.94 after the Company announced second quarter guidance. The Company expects second quarter revenue to be in the range $37.5 - $38.5 million. The Company expects EPS will be between $0.48 and $0.52 per share. Other Income will be around $0.02 per share of the $0.48 - $0.52. The Company exited second quarter with 19.4 million shares outstanding. The Company has no secured debt and holds 35 million as cash and cash equivalents.

Synageva BioPharma Corp (NASDAQ:GEVA) increased 7.23% to $44.33. The Company announced the pricing of its previously announced underwritten public offering of common stock consisting of 2,428,000 shares at $41.20 per share. Synageva granted to the underwriters a 30-day option to purchase 364,200 additional shares of common stock to cover over-allotments.

Advanced Micro Devices, Inc. (NYSE:AMD) shares fell 10.68% to $5.02 in the after hour trading after the company cut its revenue expectations for the second quarter, as smaller-than-expected sales in China and Europe hurt the company's original-manufacturer business. The company now expects revenue to decline 11% sequentially in the quarter ended June 30. It previously expected sales to range between a decrease of 3% and an increase of 3% sequentially. The Company reported revenues of $1.59 billion in the first quarter of 2012. Analysts are expecting the company to report revenues of $1.63 billion for the second quarter of 2012.

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