Company News for September 3, 2010 - Corporate Summary

• H&R Block (NYSE:HRB) posted nickel higher than expected fiscal first quarter results, with a loss of 36 cents on revenues of $275 million, off 0.4% from a year ago but up from estimates of $265 million

• Dell (NASDAQ:DELL) quit the eighteen-day bidding war with Hewlett-Packard (NYSE:HPQ) for 3PAR (NYSE:PAR). Dell’s exit fed rumors the firm may now turn to other makers of storage systems, with rumors surrounding possible targets including CommVault Systems (NASDAQ:CVLT), Isilon Systems (NASDAQ:ISLN), Compellent Tech (NYSE:CML) and Netezza (NYSE:NZ)

• Campbell Soup (NYSE:CPB) posted better-than-anticipated fiscal fourth quarter results of 33 cents up from Zacks estimates of 30 cents, on revenues of $1.52 billion, off estimates of $1.6 billion

• Goldcorp (NYSE:GG) announced plans to purchase Andean Resources for $3.4 billion.

• Take-Two Interactive (NASDAQ:TTWO) topped expectations with fiscal third quarter earnings of 28 cents ex-items versus Zacks estimates of a 19-cent loss, on revenues of $354.1 million up from Zacks estimates of $300 million

• Keybanc initiated coverage of WR Grace (NYSE:GRA) with a “buy” rating and a price target of $36

• Piper Jaffray (NYSE:PJC) downgraded Mitel (NASDAQ:MITL) to “neutral” from “overweight,” cutting the price target to $6.50 from $14

Company News for September 3, 2010 – Corporate Summary

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