DrStockPick.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Tuesday, July 21, 2009
Tuesday, July 21, 2009
Symantec Corp. (NASDAQ: SYMC) today announced that Tennessee-based employee benefits provider Unum uses Symantec software and services to secure its IT infrastructure and effectively address compliance-related requirements around email retention and discovery. Symantec has helped Unum prevent a network disruption as a result of a malicious intrusion in more than five years, significantly reduce IT costs, and comply with laws and regulations governing the security of confidential business information including the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA).
3PAR� (NYSE: PAR), the leading global provider of utility storage, announced today the 3PAR Cloud-Agile program, a new partnership initiative to promote the adoption of cloud computing and cloud-based services offered by leading providers with infrastructures powered by 3PAR Utility Storage. The 3PAR Cloud-Agile program gives partners the opportunity to promote differentiated virtual private array (VPA) and disaster recovery (DR) offerings under the respective names 3PAR Cloud-Agile: SECURED and 3PAR Cloud-Agile: ASSURED.
OptiCon Systems, Inc. (OTCBB: OPCN), a leading global provider of communications and telecommunications software for Wireline, Wireless and fiber optics, announced today that it has resumed its negotiation to spin-off (sell) its Hybrid Network Management System, OptiCon R4, with interested party(s). As we have pointed out in the previous PR release, the Company received a purchase offer in the high eight figures for its Hybrid Network Management System, OptiCon R4. We then rejected the offer as the Company believed that it did not reflect more accurately to the true value of OptiCon R4.
iPass Inc. (NASDAQ: IPAS), a global provider of services that unify the management of enterprise mobility, announced that Nick Hulse has joined the iPass executive team as senior vice president of worldwide sales. Hulse’s expertise spans sales, operations and marketing, and over his career he has built strong distribution and professional services programs that have delivered exceptional results for a number of software and services companies.
Evolving Systems, Inc. (NASDAQ: EVOLD), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that its previously disclosed one-for-two reverse stock split of its common stock became effective at 11:59 p.m. (Eastern time) on July 20, 2009 (the “Effective Time”). Trading of Evolving Systems’ common stock on the Nasdaq Capital Market will continue, on a reverse stock split-adjusted basis, with the opening of the markets today, July 21, 2009, under the Company’s new CUSIP number, 30049R 209 (Old CUSIP Number: 30049R 100).
VMware, Inc. (NYSE: VMW), the global leader in virtualization solutions from the desktop to the datacenter and into the cloud, today announced VMware global partners, including Dell, Fujitsu, HP, IBM and NEC have announced their support of using VMware Distributed Power Management (DPM) to make their hardware even more power efficient. VMware DPM, part of the VMware vSphere(TM) 4 platform, lowers power consumption in the datacenter by aggregating unused capacity and powering off unused servers without disrupting service levels, helping customers slash energy consumption by as much as 20 percent.
Stocks Upgraded Today
| Company | Ticker | Brokerage Firm | Ratings Change | Price Target |
|---|---|---|---|---|
| Avon Products | AVP | BMO Capital Markets | Market Perform � Outperform | |
| Human Genome | HGSI | ThinkEquity | Source of Funds � Accumulate | $14 |
| Las Vegas Sands | LVS | BMO Capital Markets | Market Perform � Outperform | |
| Network Appliance | NTAP | ThinkEquity | Source of Funds � Accumulate | |
| PetMed Express | PETS | Piper Jaffray | Neutral � Overweight | |
| Human Genome | HGSI | Bernstein | Mkt Perform � Outperform | |
| Teekay Tankers | TNK | JP Morgan | Neutral � Overweight | |
| Knightsbridge Tankers Ltd | VLCCF | JP Morgan | Underweight � Neutral | |
| Tsakos Energy | TNP | JP Morgan | Underweight � Neutral | |
| Barnes Group | B | Robert W. Baird | Neutral � Outperform | $15 � $14 |
| Packaging Corp | PKG | Deutsche Securities | Hold � Buy | $14 � $24 |
| Intl Paper | IP | Deutsche Securities | Hold � Buy | $16 � $24 |
Stocks Downgraded Today
| Company | Ticker | Brokerage Firm | Ratings Change | Price Target |
|---|---|---|---|---|
| Halliburton | HAL | Argus | Buy � Hold | |
| Zions Bancorp | ZION | Citigroup | Hold � Sell | $12 � $9 |
| Regal-Beloit | RBC | Robert W. Baird | Outperform � Neutral | $47 |
| RBC Bearings | ROLL | Robert W. Baird | Outperform � Neutral | $22 |
| Nokia | NOK | Jefferies & Co | Buy � Hold |
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