The telecommunication and network specialist, Ciena Corporation (CIEN) announced that it has received regulatory approval for the proposed acquisition of substantially all of Nortel Network Corp.'s (NT) optical and Ethernet division.   The company has been granted termination of the waiting period under the Hart-Scott Rodino Act in the United States. The Canadian Competition Bureau has also approved the takeover.  Ciena plans to acquire substantially all of the optical networking and carrier Ethernet assets of its rival Nortel Networks’ Metro Ethernet Networks (MEN) division, for a total of $521 million ($390 million in cash and 10 million in shares worth $142 million based on the Oct. 15 market price).  However, the deal also requires the approval of the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice. Nortel had filed for bankruptcy in January.  The deal is ...

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Tuesday November 10, 2009

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PWRM, TEVA

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro) and breast cancer (BC-SeraPro). Power3 expects to complete phase II clinical

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For Immediate Release

Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: DryShips, Inc. (DRYS), Capmark Financial Group Inc. (CPFNG), Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s AnalystBlog:

DryShips Beats, Results Hurt

DryShips, Inc.’s (DRYS) third-quarter earnings of 27 cents per share were 6 cents ahead of the Zacks Consensus Estimate. This excludes a loss of $39.3 million or 15 cents per share associated with the valuation of the company’s

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Capmark Financial Group Inc. (CPFNG), one of the key commercial real-estate lenders in the U.S., along with some of its subsidiaries has filed Chapter 11 protection. The filing adds to the lingering concern that the commercial real-estate market is still struggling.  The company seeks to be allowed to continue to pay its vendors and salaries, and protect the businesses with its customers and partners.  Capmark was created in March 2006 through a leveraged buyout of the commercial real estate assets of General Motors' finance arm GMAC. Earlier this year also, the company had indicated that it might file for bankruptcy due to deteriorating conditions in the financial and commercial real estate markets and capital inadequacy.  Capmark is currently negotiating the terms of the bankruptcy with its creditors, which include Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) among others.  Capmark ...

Sanofi-Aventis SA (ADR) (NYSE:SNY), France’s biggest pharmaceutical group has accused Hospira Inc and Canada’s Apotex Inc of infringing patents for the cancer drug Taxotere. Sanofi-Aventis has said that both the companies have tried to copy their products. Earlier Sanofi-Aventis have filed separate complaints against Hospira Inc and Apotex Inc that they have violated the patent laws and have attempted to duplicate their top ranging product that is developed and marketed for the treatment of cancer patients. Though the market reacted sharply after the news broke into the market, but there was not much of fluctuation in the shares of Sanofi-Aventis at the end of the day.

Sanofi-Aventis is one of the leading pharmaceutical companies in France and globally as well. The company is into the research, development, manufacturing

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Oclaro Inc. (OCLR) recently reported revenues of $85.1 millionin the first quater of 2010, up from $72.0 million in the year-ago quarter. The year-ago quarter includes two months of revenues of Avanex Corporation. The reported revenue came in line with management’s revised guidance of revenues between $82 million and $87 million. Oclaro Inc. was formed in April 2009 combining Bookham Inc. and Avanex Corporation. Oclaro, a Delaware corporation, designs, manufactures and markets optical components, modules and subsystems that generate, detect, amplify, combine and separate light signals principally for use in high-performance fiber optics communication networks. Gross margin came in at 26% up from 25% in the year-ago quarter. Operating income came in at $1.3 million compared to an operating loss of $2.0 million in the year-ago quarter. Adjusted EBITDA (Earnings before interest, tax, depreciation, and amortization) was $3.8 million compared to $0.7 million in the year-ago ...

The battle for supremacy in the global smart-phone market is getting intense by the day. Now the matter has entered the courtroom. Yesterday, the largest smart-phone maker in the world, Nokia Corp. (NOK) filed a complaint against Apple Inc. (AAPL) with the Federal District Court in Delaware, alleging that Apple's legendary iPhone has violated as many as ten Nokia patents from 2007.   These ten patents related to technologies fundamental to making mobile handsets, which are compatible with one or more of the GSM (2G), UMTS/WCDMA (3G) and wireless LAN ( for Wi-Fi connectivity) standards. Technically these patents cover wireless data, speech coding, security and encryption for smart-phones. Nokia said that the company spent more than $60 billion in the last two decades to develop the wireless industry's strongest and broadest IPR portfolios, consisting of 10,000 patents. So far the company has entered into patent licensing agreements ...

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Tuesday October 20, 2009

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Powersafe Technology Corp.’s (Other OTC: PSFT.PK) Subsidiary Amplification Technologies has patented a revolutionary new solid-state semiconductor technology solution for low-level signal detection: multichannel Discrete Amplification (DA). The patented DA platform technology, invented by company scientists, is a breakthrough in the design of photon detectors, providing these detectors with unique competitive advantages. Use of DA in semiconductor detectors increases their sensitivity markedly, and enables the creation of new detector systems for various applications including medical diagnostics, security systems,

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Today, Dainippon Sumitomo and Sepracor (SEPR) have announced the successful completion of the initial share offering period, where almost 78.2% of Sepracor’s shares were tendered. The offer period has been extended to Oct 19, 2009, to enable other shareholders to tender their shares as well.  As a reminder, in September, the Japanese pharmaceutical company Dainippon Sumitomo Pharma Co had announced a deal to acquire Sepracor at $23 per share or $2.6 billion. However, soon after the announcement, shareholders of Sepracor filed a suit in a Delaware court against the company, citing the offered price as inadequate. They were seeking the court’s intervention to stop the deal and pay damages.  Additionally, certain aspects of the deal were against the interest of Sepracor’s shareholders. The deal included a $77.4 million termination fee and a “no solicitation" provision. Apart from restricting the possibility of any superior proposal, these provisions ...

Today we are featuring top-performing "Diversified Bond" fixed-income mutual funds, which primarily invest in a variety of bonds that pursue total return as well as income.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Diversified Bond Fixed-Income Funds.

3 Solid Choices

PIMCO Fundamental Advantage Total Return A (PTFAX) was founded in November 1999 and seeks total return consisting of current income and capital appreciation.

The fund primarily invests in debt obligations issued or guaranteed by the U.S. government and its agencies. It also invests in debt obligations issued by U.S. companies, foreign companies and foreign governments and their agencies.

William H Gross has been managing the fund since February 29, 2008. Gross is a designated Chartered Financial Analyst. He has also been recognized as an influential authority on the US bond market in a survey by Pensions and Investments Magazine conducted in 1993.

The fund

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