# Thursday, January 11, 2007
SAP AG (NYSE:SAP) said Q4 software revenue rose 7% to EUR 1.26 billion versus a consensus of EUR 1.35 billion. The company sees FY06 software revenue of EUR 3.1 billion, up 11% YoY. The total revenue for Q4 is expected to be EUR 2.95 billion, up 7% YoY, with a total revenue for 2006 to be EUR 9.43 billion, up 11% YoY. Meanwhile, the company sees 2006 Adjusted EPS of a least EUR 1.59.

Digirad Corporation (NDAQ:DRAD) anticipates consolidated revenues at the high end of the previously announced range of $70.7 million to $71.5 million, consisting of DIS revenue between $49.1 million and $49.5 million and product revenue between $21.6 million and $22.0 million. The current consensus stands at $71.2 million.

BorgWarner Inc. (NYSE:BWA) provided 2007 earnings guidance of $4.60 to $4.80 per diluted share on a US GAAP basis. Earnings growth is expected to be in line with BorgWarner historical growth rates of greater than 10%. The current FY07 EPS consensus stands at $4.58.

JDA Software Group
(NDAQ:JDAS) anticipates total Q4 revenues of approximately $89 million, versus the consensus of $93.86 million.

Zions Bancorporation (NDAQ:ZION) expects fully diluted earnings per common share for the quarter ended December 31, 2006 of approximately $1.31 to $1.33. The current consensus stands at $1.44.

Amerigon Incorporated (NDAQ:ARGN) expects to report revenue of approximately $50 million for the year ended December 31, 2006, up more than 40% YoY, with strong YoY growth in profitability. The current FY revenue consensus sits at $48.62 million.

Amdocs Limited (NYSE:DOX) said it expects to report results in-line with guidance for its fiscal Q1, which ended December 31, 2006. The company now expects that revenue in FY07 will be between $2.83 to $2.91 billion, slightly lower than the company's previous guidance. The consensus stands at $2.93 billion.

RC2 Corporation (NDAQ:RCRC) announced lower than expected preliminary net sales. Net sales from continuing operations for the Q4 2006 were flat to slightly down versus the prior year fourth quarter net sales from continuing operations of approximately $154 million, which compares to the consensus of $169.3 million. Current estimates of 2006 diluted earnings per share from continuing operations are now expected to be below the company's previously announced range of $2.52 to $2.62.

Murphy Oil Corporation
(NYSE:MUR) expects income for Q4 2006 to be between $0.40 to $0.45 per diluted share. The current consensus stands at $0.65.

Restoration Hardware, Inc.
(NDAQ:RSTO) said comparable store sales for the nine-week holiday period increased more than ten percent.  The company reiterated its guidance for diluted earnings per share toward the lower end of the previous range of between $0.34 and $0.44 per share against last year's loss per share of $0.52. The consensus is $0.41.

C-COR Incorporated (NDAQ:CCBL) anticipates its second quarter revenue and net earnings per share will exceed the top end of guidance provided in its October 26, 2006 news release on its financial results for the first quarter of fiscal year 2007. C-COR also expects to report a positive book-to-bill ratio for the second quarter of fiscal year 2007.

SupportSoft, Inc. (NDAQ:SPRT) expects a Q4 revenue of approximately $14 million, ahead of the $12 million to $13 million range previously forecasted by the company. The consensus is $12.57 million.

Infosys (NDAQ:INFY) reports Q3 earnings of $0.39 per share, two cents better than estimates. Revenues came in at $821 million versus the consensus of $797.3 million. The Q4 EPS is expected to be $0.40, versus the consensus of $0.39, with Q4 revenues of $859-$861 million versus the consensus of $837 million.

Thursday, January 11, 2007 9:35:52 PM UTC  #     |  Trackback
Foreign banking stocks moved sharply to the upside today after the Bank of England announced rate hikes that took investors by surprise. While many economists expected the BOE to keep rates steady until February, the Bank of England stated that it needed to raise rates in order to keep inflation at its target 2%. Stocks affected by this announcement included Deutsche Bank (DB) up 0.8%, Credit Suisse Group (CS) up 0.5%, and Banco Bilbao Vizcaya Argentaria (BBV) up 1.1%. Meanwhile, the Bank of New York Composite ADR Index moved up 0.9%.

Thursday, January 11, 2007 8:49:23 PM UTC  #     |  Trackback
Equity Office Properties (NYSE:EOP) could receive a higher bid from Cerberus Capital Management, according to reports from the Financial Times. Just when we thought that the company's $36 billion deal with Blackstone was written in stone, there is now speculation that Barry Sternlicht of Starwood Capital Group Global LLC, Neil Bluhm of Walton Street Capital, and Cerberus Capital Management could top their offer. While it is highly unusual for private equity firms to compete over such a takeover, the stakes in this deal are high with Class A properties expected to perform extremely well in the future. EOP's strong existing capacity, along with new regulations making it more difficult to build new capacity, make this deal important for players in the commercial real estate market.

Despite a $200 million termination fee and Blackstone matching rights, shareholders are already anticipating higher bids as its shares are trading at $49.30 - above Blackstone's $48.50 buyout price. Regardless, this is definitely a stock to keep an eye on as this situation unfolds.

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Thursday, January 11, 2007 8:02:42 PM UTC  #     |  Trackback