(EMAILWIRE.COM, February 14, 2009 ) DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Market Movers: Geron Corp. (Nasdaq: GERN), Microchip Technology Inc. (Nasdaq: MCHP), Arena Pharmaceuticals Inc. (Nasdaq: ARNA), Sina Corp. (Nasdaq: SINA), YRC Worldwilde Inc. (Nasdaq: YRCW) and Melco Crown Entertainment Ltd. (Nasdaq: MPEL).
In the Trade Alert, the author highlights GeronÂ’s announcement of the pricing of an underwritten public offering of 7.25 million shares of common stock:
“Geron Corp. (GERN) shares plummeted 16.34% to $6.50 Friday mid-day. Geron, a biopharmaceutical a biopharmaceutical company, develops biopharmaceuticals for the treatment of cancer and chronic degenerative diseases, including spinal cord injury, heart failure and diabetes. … The stem cell research pioneer recently announced the pricing of an underwritten public offering of 7.25 million shares of its common stock. The offering is expected to close on February 19, 2009. UBS Investment Bank is acting as sole book-running manager for the offering. Lazard Capital Markets LLC is acting as co-manager for this offering. … According a report, the company intends to use the net proceeds from the offering for research and development, clinical trials and general corporate purposes.”
The Trade Alert author also featured Microchip TechnologyÂ’s ceasing of its consideration of a potential transaction with Atmel:
“Microchip Technology Inc. (MCHP) shares climbed .71% to $19.88 Friday morning. Microchip Technology, together with its subsidiaries, engages in the development, manufacture and sale of specialized semiconductor products for various embedded control applications. … Recently, Microchip announced it is terminating its consideration of a potential transaction with Atmel, a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components, and is withdrawing the slate of directors it had nominated previously for election at Atmel's next annual meeting of shareholders. … The company said it is no longer able to put a value on Atmel in light of the economic uncertainty and the lack of visibility that continues to exist with respect to Atmel's business.”
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
