Monday, October 16, 2006
Health Net, Inc. (NYSE:HNT)
8-K Filing by the Company
Health Net announced today that it would resume its share buyback program, which authorizes it to repurchase approximately $450 million worth of stock. The stock is currently trading down, however, after the company revised its quarterly estimates $0.03 below consensus and announced that its VP and CFO would resign effective November 10th.

Napster, Inc. (NDAQ:NAPS)

SEC Filing Watch
Napster moved higher today on renewed takeover rumors following comments made by ThinkEquity analyst Darren Aftahi, who commented that he didn't think there would be any slowdown in M&A activity in the digital media sector. He also commented that he believed NAPS was worth $5 - $7 in the event of a buyout. Napster is currently trading at $4.41, trading up 2.56% on the news today.

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