CRWEFinance.com Stock Report! 10/07/09 LXRX, IMMR, POWR, RELL, TSRI
Posted on 10/7/2009 6:50:32 PM in #Stocks | 0 comments comments
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Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced that it is offering to sell, subject to market and other conditions, 27,500,000 shares of its common stock pursuant to an effective shelf registration statement, of which 16,412,613 shares are being offered through the underwriters and 11,087,387 shares are being offered to Invus, L.P., Lexicon's largest stockholder. Lexicon also intends to grant the underwriters a 30-day option to purchase up to an aggregate of 2,461,892 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by Lexicon. Morgan Stanley will be acting as the sole book-runner for the offering, with Thomas Weisel Partners LLC acting as co-manager.
Immersion Corporation (NASDAQ:IMMR), the leading developer and licensor of touch feedback technology, today announced that its TouchSense(R) haptics technology is now available to developers wishing to seamlessly integrate touch feedback into applications on the new Nokia N900 mobile computer, based on Maemo software. Immersion's TouchSense technology improves efficiency and intuitiveness by providing confirmation of touchscreen presses, and adds improved accuracy, depth and fun to content such as ringtones, videos, games and music.
GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, today announced that PowerSecure International, Inc. (Nasdaq: POWR), headquartered in Wake Forest, North Carolina, has selected the company's industry-leading PLC families to be a part of its solution to meet utilities' stringent requirements for the protection and control of distributed generation systems.
Richardson Electronics, Ltd. (NASDAQ: RELL) today reported net sales during the first quarter ended August 29, 2009, of $109.5 million, a 21.2% decrease from net sales of $138.9 million during the first quarter of last year. Net income during the first quarter was $1.9 million, or $0.11 per diluted common share, as compared with net income of $3.7 million, or $0.20 per diluted common share, during the first quarter of last year.
TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, today announced financial results for the first quarter ended August 31, 2009.
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Qualcomm Inc. (Nasdaq: QCOM), NTT DoCoMo (NYSE: DCM), Apple Inc. (Nasdaq: AAPL), Verizon Wireless (NYSE: VZ) and Nokia Corp. (NYSE: NOK). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579
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