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  • Stocks to Watch Today || XRTX | XOMA | LIZ | DNDN |

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    Friday Jan. 7, 2011, 09:11 am EST
     
    Stocks in Focus on Friday- XRTX, XOMA, LIZ, DNDN
     
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    XRTX - Xyratex Ltd. (NASDAQ:XRTX)
    Xyratex Ltd (NASDAQ:XRTX) has dropped 10.05% in the pre market to $15.40. XRTX announced weak outlook for its Q1 earnings. They are expecting EPS of $0.12 to $0.48 per share with revenue of $355 million to $405 million. However, analysts estimated earnings of $0.44 per share on $367 million in revenue.

    XOMA - XOMA Limited (NASDAQ:XOMA)
    XOMA Ltd (NASDAQ:XOMA) dipped more than 10% in the pre market session. XOMA said the drug XOMA 052 is still being studied in an larger, longer clinical trial, with those results expected by the end of this quarter. Those results should show whether XOMA 052 reduces levels of hemoglobin A1c, an indicator of high glucose in the blood. It said the interim data indicated a modest  reduction in hemoglobin A1c levels and lower C-reactive protein levels, which rise in response to inflammation.


    LIZ- Liz Claiborne, Inc. (NYSE:LIZ)
    Liz Clairborne (NYSE:LIZ), the designer and marketer of a global portfolio of retail-based premium brands including Juicy Couture, Kate Spade, and Lucky Brand Jeans, plunged more than 19% to $5.56 in pre-market trading. Liz Claiborne’s huge drop also comes from the announcement that the company cut Q4 and second half estimates after a weak December marked by declines in comparable-store sales.
     

    DNDN- Dendreon Corporation (NASDAQ:DNDN)
    In a press release this morning, Dendreon Corp. (NASDAQ:DNDN) said that it is planning to Seek Marketing Authorization for PROVENGE in Europe. Dendreon also announced several strategic plans for the year 2011. If you are interested more in Dendreon, you can read the press release on Dendreon website.
     



    God Bless,
    Be Rich.


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