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NGPL also supplies gas to other parts of Illinois, and also services Indiana, Iowa, Nebraska, Wisconsin, Missouri, Kansas, and Arkansas.
0
neutral
Growth was primarily driven by the acquisition of Elscient's medical electronics manufacturing operations.
0
neutral
Microsoft Project -- Microsoft Project is the company's critical path and resource allocation application.
0
neutral
Roughly speaking, we estimate that the trend for revenue declines was a decline of (12)% in January, (10)% decline in February, and then an (8)% decline in March.
2
negative
Clearly the earnings power (i.e. higher high's and higher low's) of the US Steel sector has improved dramatically relative to only a few short years ago, and as a result we believe the sector does warrant multiple expansion when compared with historic levels.
1
positive
Cash and short-term investments increased by $113 million to $511 million.
1
positive
Comparable store sales gains were uniformly strong, at 7% (Dec), 9% (Jan) and 8% (Feb).
1
positive
Not surprisingly the $/GB of retail flash cards in the US has dropped nearly 30% since the beginning of the year per our checks.
1
positive
The company also provides facility management and IT services.
0
neutral
We have reduced our 2008 EPS estimate from $7.76 to $7.70 to reflect $200 million in additional credit losses and additional share repurchases.
2
negative
General Electric -- Consolidated Annual Income Statement, 1997-2006E.
0
neutral
Merger disruption opportunities should benefit SNV over the next year or so.
1
positive
Ingram Micro (IM) --1Q05 networking sales were a little lighter than usual.
2
negative
Key pluses include potential further EPS/cash flow adds to 2003-04, program wins (small diameter bomb (SDB), PAC3 international, Targets & Countermeasures), possible Homeland defense add-ons (we're not huge bulls, but perhaps our cynicism re Homeland Defense is somewhat.
1
positive
This product is focused on transaction security, including Website authentication, crimeware protection, Web browsing protection and protection of confidential information.
0
neutral
Both Kimberly and Procter increased share in Household Paper, indicating an increased focus on the segment.
0
neutral
� Management provided 2007 guidance with EBITDA in the range of $700-$800 million, EPS of ($0.13)-$0.00, and net adjusted cash flows from operating activities of $300-$400 million.
0
neutral
Risks: The growing number of newbuild jackups could result in subdued earnings growth longer term.
2
negative
Credit deterioration continues to be a drag on earnings.
2
negative
Quick Comment: Solid results across all divisions, no sign of NY& Co negative mark to market.
1
positive
Conviction on MYG Bid Reiterated We also note that WHR reiterated its conviction in its MYG bid, reviewing its confidence in regulatory approval and also restating that its bid was not a defensive reaction, but rather was driven by MYG being a compelling strategic fit..
1
positive
Only a handful of operators outside of Asia have deployed the service and we expect that throughout 2005 most major operators will deploy the service creating a substantial opportunity for Comverse who we believe is the leading supplier of ringback tone solutions.
1
positive
Management also indicated the current pricing environment is not likely to improve in 2008 and could continue into 2009.
2
negative
Our Outperform thesis remains intact as we continue to expect BRCM to win market share and outgrow peers.
1
positive
Genzyme stated that they will announced a partner for Japan before the end of the second quarter.
0
neutral
Including these charges results in a GAAP (generally accepted accounting principles) loss per share of $0.03.
0
neutral
Subsequently, we are also reducing our year 2000 EPS estimate by $0.05 to $1.85.
2
negative
Trauma fixation products grew above 13%, which outpaced the estimated 7% growth rate of the overall trauma market.
1
positive
The American Cancer Society (ACS) estimates that BCC accounts for about 75% of all skin cancers.
0
neutral
Procter's continued emphasis on streamlining its business processes contributed to another quarter of solid gross margin expansion, up 110 basis points.
1
positive
Both sets of moves, net price increases and higher merchandised price points, would enhance sales and profitability if competitively matched (i.e., pricing through higher gross sales, combined with lower promotional spending would increase net sales).
1
positive
During the quarter, the company repurchased approximately $500 million of common stock.
1
positive
In the $21 billion metered postage market, Pitney's addressable opportunity represents $4.7 billion of annual postage funds.
0
neutral
Our estimate remains $0.22 per share on slightly lower revenues of $6.15bn.
2
negative
We expect a significant decline in sales volumes for its composite resins and foundry products during the quarter.
2
negative
The final deal required some give-back by the company, but overall is better than going back to the bankruptcy court.
1
positive
However after two consecutive weeks of year-over-year declines, BNI's quarter-to-date coal volumes through week 10 were up only 1.6%.
2
negative
Revised i/25/2001 (5 in millions, except per share data).
0
neutral
Without guidance from management for our estimates, we are using a revenue forecast that slowly ramps up to about 5%-6% local currency growth in the year 2000 in local currency, but is much stronger for the fourth quarter of FY1999 on.
1
positive
The U.S. Federal District Court in Wilmington, DE, is currently considering J&J's request for a preliminary injunction.
0
neutral
We expected this latest process, of PDVSA moving to majority ownership of heavy oil projects, would lead to some brinkmanship but ultimately an agreement.
2
negative
KEY PRODUCT TRENDS LIPITOR (CHOLESTEROL LOWERING)--Warner and Pfizer (Warner's co-marketing partner for Lipitor) continue to gain market share in the cholesterol market.
1
positive
PFE has been volatile on the release of recent outcome data (ALLHAT, EPHESUS), and we continue to believe upside is limited until the PHA merger closes (1Q03E).
2
negative
� Sanofi-Aventis and Bristol-Myers will make payments to Apotex when the settlement agreement is finalized, and if the agreement is terminated.
0
neutral
We do not expect that the company will guide EPS estimates higher, so we will probably maintain our $3.22 estimate for 2002 after the conference.
0
neutral
Schlumberger developed the RapidConnect system to significantly reduce this risk, the strongest multi-lateral junction industrywide by a factor of 100.
1
positive
Although recent management and strategic changes at BT have resulted in modestly improved performance, it is our view that PFG is more likely to exit this market and re-deploy the proceeds into its faster growing, and much more profitable U.S. 401(k) business.
1
positive
October 18, 2004 Consumer Discretionary Retailing/Specialty Hardlines.
0
neutral
Still, we believe the fourth quarter of 2006 may not be too early to see some share repurchase activity given MET's roughly $1 billion of annual free cash flow generation.
1
positive
We continue to view the stock favorably because of the potential for accelerating growth this year and stabilization of mid teens growth over the next few years.
1
positive
The Esmeralda project has a gross unrisked potential of 500 MMbbls.
1
positive
In our opinion, Enbrel has the most compelling combination of efficacy, safety and ease of use profile among the biologics.
1
positive
First product from Triangle could be as late as H2:2001.
0
neutral
Ultimately any equity income will be included in the Electrical segment profit.
0
neutral
The company announced 22%-24% revenue growth, which is consistent with our model.
0
neutral
Net margin is expected to increase to 6.4% in 2004 and 10.6% in 2005, up from a loss of $68 million in 2003, due to the reasons above and the impact of taxes, as opposed to the benefit of tax loss carry-forwards.
1
positive
Failing to integrate this acquisition and potential future acquisitions could affect execution.
2
negative
This is slightly below our previous estimates of $1,334 million and $1,460 in 2001 and 2002, respectively.
2
negative
BPA has conservatively estimated the potential annual cost savings from the Arco acquisition at $1 billion, including $200 million in Alaska.
1
positive
Approximately 46% of TIF's sales in 2004 included merchandise that contained diamonds, up from 36% in 2002, accentuating the negative impact of the diamond price increases.
2
negative
The tax rate is 30%, with 1999 likely to hit 34%.
0
neutral
This growth rate excludes any future acquisitions, and consequently, could be viewed as conservative.
0
neutral
The new Snapdragon-based netbook introduction from Dell and HPQ through Compal and Wistron was one of the catalysts for FY1Q10 (Dec) that we were expecting.
1
positive
Going forward, we believe that high net corn costs will be an issue again in F2Q05 due to falling corn by product credits (corn oil, corn feed, and corn meal), which are expected to see further reductions due to the sharp decline in soybean oil and meal prices.
2
negative
At seemingly reasonable parameters--the implied $7.80 per equivalent barrel compares well with other recent purchases of natural gas assets--the company adds 297 billion cubic feet equivalent of primarily natural gas reserves for $385 million.
0
neutral
Notes: (a) 1995 Net Income excludes $18.7 million in discontinued operations.
0
neutral
As a result of these changes our Q3 EPS estimate goes to $0.23 from $0.22 previously.
0
neutral
Lower average energy and feedstock costs should also be a plus.
1
positive
Sales increased to $3.465 billion in the second quarter compared with $3.149 billion in the year-ago quarter, an increase of 10.0%.
1
positive
For F2004, we forecast 14.6% earnings growth to $0.80, which assumes an operating margin of 9.1%.
0
neutral
While Magnolia is closer, Conoco has not yet sanctioned a development plan, thereby making a tieback to Baldpate more timely.
0
neutral
Margins were 18.1%, up 50 bps vs. 17.6% LY and ahead of our 17.8% estimate, driven by productivity, volume, and price, offset by inflation.
1
positive
Most recently, ITW completed nine acquisitions in the first quarter of 2000 with average revenues of $13 million (total $117 million of acquired revenues).
0
neutral
In turn, driving end-user demand are the increasing use of the Internet for information, recreation and commerce; the growing usage of wireless communications; and decline in pricing of long-distance landline voice, with attending elasticity of demand.
1
positive
Fee based revenue should also improve sequentially, given the rise in the domestic equity markets in 3Q05, with the S&P 500 up 3.1% and the NASDAQ up 4.6% (fee based accounts at MER are priced on a quarter lag basis).
1
positive
Net adds of 1.39mn well above the 1.22mn we were looking for, (subs up 16.8% YoY).
1
positive
For F07, we expect operating margin in the Pharmaceutical Solutions division to be 1.50%, a 15 bps improvement over the prior year, reflecting the positive contribution of major generic introductions in 2006.
1
positive
Pacemakers: Moving to the Beat Specifically, we believe that Medtronic's cardiac pacemaker business (47% of sales) will improve with the recent introduction of the Kappa 400 in domestic markets and the Kappa 700 in international markets.
1
positive
Lehman's operation in Europe represented 31% of the company's total revenue for FY99.
0
neutral
UIS increased its headcount reduction target from 5,500 to 5,600 and has cut 3,600 YTD.
0
neutral
Following a mid-2004 restructuring and paring of Watson's brand drug franchise, generic drugs now account for 78-80% of estimated 2006-2008 sales.
0
neutral
The remainder of the integration expenses will be taken during 2004 and 2005 as the integration process progresses.
0
neutral
� After analyzing several different financial scenarios for DUK, we believe new management may choose to cut the dividend up to 50% from current levels.
2
negative
From a practical matter we think that this is a red herring.
0
neutral
Overall, we believe the quarter was solid, driven by a nice rebound in the consumer business and steady growth in the enterprise segment.
1
positive
CNG's earnings contribution is expected to turn accretive by mid-2001.
1
positive
In our view, this multiple, which is in line with the P/E multiple of the drug group (trailing 2000 P/E), is justified as we believe that investors will favor Abbott for its accelerating revenue growth and defensive characteristics.
1
positive
We use a weighted average cost of capital of 11.5% based on a 17.5% cost of equity and a 50% target debt ratio.
0
neutral
Lending Portfolio ? The managed loan portfolio was $18.5 billion and should decline in 2Q03.
2
negative
Gross margin fell 64 basis points to 35.3% of sales from 36.0% a year ago, in part a result of markdowns and lack of leverage on buying and occupancy.
2
negative
Japan Tobacco said that in the year to March 2004 the Marlboro brand would sell around 26 billion units, generate sales of US$1.2 billion, and contribute around US$110 million to EBITA after overheads and the licence fee owed to PMI.
0
neutral
However, revenue is forecasted to be flat to down 5% sequentially next quarter due to timing of revenue recognition.
2
negative
This lawsuit will automatically stay FDA approval of HiTech's ANDA's for 30 months or until an adverse court decision, whichever may occur earlier.
0
neutral
Transport was negatively impacted by lower shipments to Tampa Electric as a result of the conversion of the Gannon facility from coal to natural gas at the end of 2004.
2
negative
While the details of financing the deal will be determined closer to closing, we expect management to fund at least half the purchase price with new equity (approximately 5.5-6 million shares).
0
neutral
BSC has argued that it should not pay damages on lost revenue to market share that J&J could not supply.
0
neutral
Company Description Sprint is a global integrated communications provider serving more than 26 million customers in over 100 countries.
0
neutral
The coupon rate on the $2.6 bil of securities was in.
0
neutral
However the co had lower opex which at $179m was $11m below our estimate mainly due to lower stock comp.
1
positive
In light of the company's new product momentum and financial progress, we think the valuation looks compelling.
1
positive