Ben's Morning Update

Last night:

Earnings:

CMTL, DMND MATK, SAI

Secondaries:

EQY, LINE, XNPT, AGNC, LSE

Other

*SWS cancels convertible offering

*WFMI reinstates dividend

Today's pricings:

CXO 82.50, LINE 35.92, DG 30.50, ETRM 1.74, KOG 5.50, XNPT 7.15

Today:

Earnings:

CIEN, LULU, TITN, SFD, HITK

Other:

HTWR secondary&convertible

CHNG CFO resigns

SIRI Howard Stern announces on air he is staying with SIRI

FCX $1 special dividend, 2 for 1 split

CML and Dell in talks at $27.50/share for CML

IPOs

LEDS 17,FRC 25.50, BONA 8.50

Analyst Actions

GT tier one firm ups Sell to Buy

CTB tier one ups Neutral to Buy

FMCN Goldman ups Neutral to Buy

SRE Goldman ups Neutral to Buy

PAYX Wells cuts Outperform to Market Perform

EIX Goldman cuts Buy to Neutral

TGI UBS ups Neutral to Buy

NTLS RBC ups Sector Perform to Outperform

GEN RBC ups Sector Perform to Outperform

YONG Oppenheimer cuts Outperform to Peform

UA Sterne, Agee cuts Buy to Hold