• Dell (NASDAQ:DELL) revealed plans to acquire Perot Systems (NYSE:PER) –founded my former U.S. Presidential candidate, Henry Ross Perot- for about $3.9 billion, or $30 per share in efforts to expand beyond its core computer business to include computer-services consulting.
• Wynn Resorts (NASDAQ:WYNN) has responded to positive reactions to its plans for an initial public offering in Hong Kong of its Macau casino operations, increasing the size of proceeds to about $1.6 billion from $1 billion of a few weeks earlier.
• Credit Suisse (NYSE:CS) lifted its rating on Novellus Systems (NASDAQ:NVLS) to “outperform” from “neutral” with a price target of $29, up from $23.
• Lennar Corp (NYSE:LEN) reported a 3rd quarter loss of 97 cents, including 76 cents in charges, versus estimates of a $0.48 cent loss, compared with a 56 cent loss last year.
• Synnex Corp (NYSE:SNX) is scheduled to report earnings today, with an earnings consensus estimate of $0.61, respectively, compared with $0.66 the same quarter last year. Research in Motion (NASDAQ:RIMM) results are also anticipated.
Zacks Investment Research
