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Alcatel-Lucent (NYSE: ALU) down .65% on 4 million shares yesterday announced a three year collaborative Research and Development (R&D) agreement with Telstra Corporation Limited that will see the two companies combine forces to develop world-leading tailored innovations for the advancement of Telstra's network.
Nuance Communications, Inc. (Nasdaq: NUAN), down 3% on 4 million shares, a leading supplier of speech and imaging solutions, yesterday announced that Dictaphone(R) iChart(R), its comprehensive on-demand subscription-based ASP service, continues to gain exceptional acceptance in the speech-enabled transcription marketplace. In the first half of 2007 alone, more than 70 new customers have chosen Dictaphone iChart as their on-demand transcription solution, Doral Financial Corporation (NYSE: DRL) down 30% on 4 million shares, announced yesterday that it has been notified by FBOP Corporation ("FBOP") that after completion of its diligence process FBOP has decided that it will not proceed with its previously announced proposal to invest in Doral. FBOP, which is Doral's second largest shareholder, also informed Doral that it currently plans to vote in favor of the proposed $610 million investment transaction between Doral and Doral Holdings Delaware, LLC ("Holdings"). In a letter to Doral, FBOP thanked Doral's Board, management and employees for the assistance and cooperation given to FBOP throughout its diligence review.
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Xcel Energy (NYSE: XEL) down .43% on 4 million shares, yesterday announced it asked Minnesota regulators for permission to build and own a 100-megawatt wind farm near Austin, Minn. The proposed Grand Meadow Wind Farm, located in Mower County, would be the first wind farm in Minnesota owned by Xcel Energy and would be operational by the end of 2008.
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Encysive Pharmaceuticals Inc. (Nasdaq: ENCY) even on 4 million shares, yesterday announced that George W. Cole has been promoted to the position of President and Chief Executive Officer, replacing Dr. Bruce D. Given in those roles, and has also been elected as a member of the Board of Directors.
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During morning trading shares are up .3% to $5.87 with over 400,000 in volume.
As the saying goes...follow the money!
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