Austin, TX 12/13/2007 12:05:07 AM
Speak with other shareholders about: (AMEX: INO); (AMEX: TEC); (NASDAQ: ACTG); (NYSE: NT); (NASDAQ: MGLN); (NASDAQ: UNTD)
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INOVIO BIOMEDICAL CORPORATION (AMEX: INO)
Inovio Biomedical Corporation closed at $.94 Tuesday, trading 74,900 shares.
COMPANY NEWS- December 12, 2007:
Inovio Biomedical Corporation announced that it will receive a $2 million milestone payment from Merck & Co., Inc. (NYSE: MRK) resulting from the filing of a second Investigational New Drug application to the US Food & Drug Administration by Merck for a DNA-based vaccine using Inovio's MedPulser DNA Delivery System. According to the announcement, the milestone relates to Inovio's collaboration and license with Merck initiated in May 2004 for the development of certain DNA vaccines. Further development of the product may lead to additional milestone payments and royalties to Inovio.
About Inovio Biomedical Corporation (AMEX: INO)
Inovio Biomedical Corporation, a biomedical company, focuses on developing multiple DNA-based immunotherapies and commercializing its Selective Electrochemical Tumor Ablation (SECTA) therapy.
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link: http://www.stockwire.com/detailed/analysis.php?company=TEC
TETON ENERGY CORPORATION (AMEX: TEC)
Teton Energy Corporation closed at $4.35 Tuesday, trading 79,700 shares.
COMPANY NEWS- December 12, 2007:
Teton Energy Corporation announced the appointment of Lonnie Brock to the position of Executive Vice President and Chief Financial Officer. Mr. Brock will also be responsible for all treasury and administrative functions, as well as Investor Relations Coordination. The appointment is effective January 1, 2008. According to the announcement, Mr. Brock brings over thirty years in accounting and management experience in the Rocky Mountain basins of the Western U.S. He has developed high quality and effective Wall Street relationships which have resulted in a number of successful debt and equity financings. Mr Brock is the former Chief Financial Officer of Double Eagle Petroleum Company (NASDAQ: DBLE). Prior to his position with Double Eagle, he was Senior Vice President of Acquisitions and Finance for Gerrity Oil and Gas Corporation, where he completed a $100 million debt offering and secured a bank group revolving credit agreement.
About Teton Energy Corporation (AMEX: TEC)
Teton Energy Corporation, together with its subsidiaries, engages in the development, production, and marketing of natural gas and oil properties in North America.
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ACACIA RESEARCH CORPORATION - ACACIA TECHNOLOGIES (NASDAQ: ACTG)
Acacia Research Corporation - Acacia Technologies closed at $9.22 Tuesday, trading 228,300 shares.
COMPANY NEWS- December 12, 2007:
Acacia Research Corporation announced that its Contacts Synchronization Corporation subsidiary has entered into a settlement agreement with Alltel in connection with the patent infringement lawsuit Civil Action No. 07-C-0250-C, filed in the Western District of Wisconsin in May of this year. According to the announcement, terms of the settlement agreement are confidential.
About Acacia Research Corporation - Acacia Technologies (NASDAQ: ACTG)
Acacia Research Corporation - Acacia Technologies develops, acquires, licenses, and enforces patented technologies.
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NORTEL NETWORKS CORPORATION (NYSE: NT)
Nortel Networks Corporation closed at $16.84 Tuesday, trading 6,836,100 shares.
COMPANY NEWS- December 12, 2007:
Nortel Government Solutions, wholly owned by Nortel, announced that it will continue to provide environmental management and support services through 2010 for the U.S. Air Force Research Laboratory's Materials and Manufacturing Directorate under an estimated US$10.4 million contract. According to the announcement, the contract calls for Nortel Government Solutions to provide a team of experienced environmental professionals to manage hazardous materials handling, hazardous waste disposal and pollution prevention in compliance with applicable regulations from the U.S. Environmental Protection Agency (EPA), the U.S. Occupational Safety and Health Administration (OSHA) and the U.S. Department of Defense.
About Nortel Networks Corporation (NYSE: NT)
Nortel Networks Corporation engages in the design, development, assembly, marketing, sale, licensing, installation, servicing, and support of networking solutions worldwide.
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MAGELLAN HEALTH SERVICES, INC. (NASDAQ: MGLN)
Magellan Health Services, Inc. closed at $44.65 Tuesday, trading 516,100 shares.
COMPANY NEWS- December 12, 2007:
Magellan Health Services, Inc. released financial guidance for fiscal year 2008, announcing that it expects to generate net revenue in the range of $2.53 billion to $2.66 billion; net income in the range of $77 million to $96 million; and segment profit in the range of $200 million to $220 million. These results are expected to yield earnings per share in the range of $1.88 to $2.34 on a diluted basis for fiscal 2008. According to the announcement, cash flow from operations is expected to be in the range of $183 million to $229 million in 2008, with a net increase in cash, cash equivalents and unrestricted investments of $136 million to $193 million by the end of 2008.
About Magellan Health Services, Inc. (NASDAQ: MGLN)
Magellan Health Services, Inc. and its subsidiaries provide managed behavioral healthcare, radiology benefits management, and pharmaceutical management services in the United States.
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UNITED ONLINE, INC. (NASDAQ: UNTD)
United Online, Inc. closed at $12.32 Tuesday, trading 2,234,000 shares.
COMPANY NEWS- December 12, 2007:
United Online, Inc. announced that its wholly-owned subsidiary, Classmates Media Corporation, intends to withdraw its S-1 registration statement as previously filed with the Securities and Exchange Commission. United Online has determined that proceeding with the initial public offering under current market conditions would not be in the best interests of its stockholders. According to the announcement, United Online expects to record transaction-related costs of approximately $4.5 million to $5.5 million during the fourth quarter ending December 31, 2007 in connection with its decision to withdraw the offering. These costs are based on preliminary estimates and actual costs may prove higher or lower than these estimates.
About United Online, Inc. (NASDAQ: UNTD)
United Online, Inc. provides consumer Internet and media services primarily in the United States.
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