Austin, TX 11/2/2007 10:38:06 PM
Speak with other shareholders about: (NASDAQ: XMSR), (NASDAQ: PWAV), (NASDAQ: VNDA), (NASDAQ: SWKS), (NASDAQ: AVNX).
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XM Satellite Radio Holdings (NASDAQ: XMSR), down 6% on 9 million shares, the nation's leading satellite radio service with more than 8.5 million subscribers, yesterday announced that it will once again offer a suite of dedicated holiday music channels during the upcoming holiday season. XM kicks off its seasonal programming today with the launch of contemporary holiday hits channel "Holly" (XM 103).
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Powerwave Technologies, Inc. (NASDAQ: PWAV), down 6% on 6 million shares, announced yesterday that its Executive Chairman of the Board, Bruce C. Edwards, has decided to retire from the company effective immediately. Mr. Edwards, who has been Executive Chairman since February 2005, was President and Chief Executive Officer of Powerwave from February 1996 to February 2005.
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Vanda Pharmaceuticals Inc. (NASDAQ: VNDA). Down 25% on 6 million shares, announced today that, despite strong demand, it no longer intends to offer convertible senior notes. The decision not to pursue a convertible note offering at this time was due principally to prevailing market conditions resulting in note terms that were not acceptable to the Company.
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Skyworks Solutions, Inc. (NASDAQ: SWKS), down 2% on 4 million shares, an innovator of high performance analog and mixed signal semiconductors enabling mobile connectivity, yesterday announced fourth fiscal quarter and year-end results for the period ended September 28, 2007. Revenue in the fourth fiscal quarter was $190.5 million, up 9 percent sequentially and at the higher end of the 6 to 10 percent revenue guidance range provided at the end of the third fiscal quarter.
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Avanex Corporation (NASDAQ: AVNX), down 6% on 4 million shares, a pioneer of intelligent photonic solutions that enable next-generation optical networks, yesterday reported financial results for its fiscal 2008 first quarter ended Sept. 30, 2007. Net revenue in the first quarter of fiscal year 2008 grew to $54.7 million, compared with net revenue of $51.1 million in the prior quarter and net revenue of $50.9 million in the first quarter of the previous fiscal year.
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