Company News for May 11, 2011 - Corporate Summary

• Microsoft Corp. (NASDAQ:MSFT) will purchase internet communications leader Skype from the investor consortium led by Silver Lake. The deal which is worth $8.5 billion in cash has been approved by the boards of directors of both companies

• Dean Foods (NYSE:DF) reported Q1 EPS of $0.14, surpassing the Zacks Consensus Estimate of $0.06 per share

• Medical-device maker Boston Scientific Corporation (NYSE:BSX) announced that Ray Elliott would retire as president and CEO at the end of the year

• Shares of online technology-jobs sites operator DICE HOLDINGS, INC. (NYSE:DHX) dropped 5.5% a day after the company revealed that “certain stockholders” would sell 8 million shares.

• Share prices of MannKind Corp.(NASDAQ:MNKD) plunged 12.3% a day after the biotechnology firm reported a first-quarter loss exceeding expectations

• Late on Monday, organic LED maker Universal Display Corp (NASDAQ:PANL) posted a first-quarter loss that exceeded analysts’ expectations

• Analysts at Miller Tabak initiated coverage of Bob Evans Farms, Inc. (NASDAQ:BOBE) with a “Hold” rating and a target price of $35.00

• Goldman Sachs (NYSE:GS) initiated coverage on Cephalon, Inc. (NASDAQ:CEPH) with a “Neutral” rating and a target price of $75.00

• BGC Financial initiated coverage on Cisco Systems, Inc. (NASDAQ:CSCO) with a “Buy” rating and a target price of $24.00

• Analysts from Goldman Sachs (NYSE:GS) initiated coverage on shares of Cosan Limited (NYSE:CZZ) with a “Buy” rating

• Analysts at JPMorgan Chase & Co (NYSE:JPM) initiated coverage on Graphic Packaging Holding Company (NYSE:GPK) with a “Neutral” rating

• Citigroup (NYSE:C) initiated coverage of Medivation, Inc. (NASDAQ:MDVN) with a “Buy” rating and a target price of $35.00

• Credit Suisse (NYSE:CS) initiated coverage on shares of Targa Resources Partners LP (NYSE:NGLS) with an “Outperform” rating

Company News for May 11, 2011 – Corporate Summary

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