Austin, TX 11/30/2007 11:42:36 PM
Speak with other shareholders about: (AMEX: QSC), (Nasdaq: BRCD), (OTCBB: GRXI), (NYSE: PFE), (OTCBB: CRGO).
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Questcor Pharmaceuticals Inc (AMEX: QSC), up 20% on 4 million shares, a pharmaceutical company, declared on 29 November that the company has hired Don M. Bailey, as its president and chief executive officer. Bailey has previously served as the company's interim president since May of 2007. He was also named to its board of directors in May 2006. Bailey is currently the non-executive chairman of the board of STAAR Surgical Company. Previously, he served as the chairman of the board of Comarco Inc from 1998 to August 2007. From June 1990 to April 2000, he served as the president and chief executive officer of Comarco, where he was employed since May 1980.
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Brocade(R) (Nasdaq: BRCD),up 13 million shares, the leader in data center networking solutions that help enterprises connect and manage their information, yesterday reported financial results for its fourth fiscal quarter and full fiscal year 2007, which ended October 27, 2007. Revenues for Q4 07 were $340.0 million, up 63% from the same period a year ago. Revenues for fiscal year 2007 were $1,236.9 million, up 65% from the Company's fiscal 2006 revenue of $750.6 million.
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GTREX Capital, Inc. (OTCBB: GRXI), up 28% on 4 million shares, a holding company with subsidiary operations in the travel distribution industry, yesterday announced that the company's Board of Directors has appointed Steven R. Peacock to the position of interim president/chief executive officer, replacing Ronald Lindsay as interim president. Mr. Lindsay, who also serves as president of GTREX Capital's Global Travel Exchange subsidiary, a travel distribution technology company, will focus his efforts on Global Travel Exchange's preparations for an anticipated synergistic acquisition in the travel industry.
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Pfizer Inc (NYSE: PFE), up .68% on 35 million shares, today announced the commencement of its cash tender offer for all outstanding shares of common stock of Coley Pharmaceutical Group, Inc. (Nasdaq: COLY) for $8.00 per share. The tender offer is being made pursuant to an Offer to Purchase, dated November 30, 2007, and in connection with the Agreement and Plan of Merger, dated November 15, 2007, by and among Pfizer, Corvette Acquisition Corp., an indirect wholly owned subsidiary of Pfizer, and Coley, which Pfizer and Coley announced on November 16, 2007.
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Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO), down 12% on 3 million shares, today announced several developments that it expects should have a positive impact on the Company. The Company has entered into an account transfer agreement with WelIs Fargo Business Credit ("WFBC") pursuant to which WFBC will serve as a factor to the Company's subsidiary, Cargo Connection Logistics Corp. ("Cargo Connection") by purchasing up to $3 million of Cargo Connection's accounts receivable. Cargo Connection also entered into a buyout agreement with WFBC and its previous factor, Accord Financial, Inc., pursuant to which WFBC succeeded to Accord Financials' security interest.
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