Jersey City, NJ – January 29, 2008
The LocateStock.com HIGH FIVE for Tuesday, January 29th are:
5 – VMware – NYSE:VMW
4 – MBIA – NYSE:MBI
3 – Ambac – NYSE:ABK
2 – Arthrocare – NASDAQ:ARTC
1 – Alliance Data Systems – NYSE:ADS
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* VMware announced financial results for the fourth quarter and full fiscal year 2007 on Monday. Total revenues for the fourth quarter were $412 million, an increase of 80% compared to the year-ago quarter. Total revenues for the full fiscal year 2007 were $1.33 billion, an increase of 88% compared to 2006. However the stock has suffered, in 2008 through recent trading on Monday, VMware's stock has fallen almost 6%, and it's down 36% from its 52-week high of $125.25 a share, set Oct. 31. Shares of VMW lost $1.00 or 1.24% to $79.55 on Monday.
MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.
* The New York State Insurance Department has hired Perella Weinberg Partners to advise on bond insurers, a spokesman for the department said on Monday. Perella Weinberg is looking at ways to protect policyholders of the major bond insurers, the Wall Street Journal reported. Some of the major insurers include MBIA and Ambac. Shares of MBI gained 65 cents or 4.58% to $14.85 on Monday. The stock gained 66% last week.
Ambac Financial Group, Inc., (NYSE:ABK) through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services.
* The New York State Insurance Department has hired Perella Weinberg Partners to advise on bond insurers, a spokesman for the department said on Monday. Perella Weinberg is looking at ways to protect policyholders of the major bond insurers, the Wall Street Journal reported. Some of the major insurers include Ambac and MBIA. The stock was up more than 86% last week. Shares of ABK lost 41 cents or 3.55% to $11.13 on Monday.
ArthroCare Corporation (NASDAQ:ARTC) engages in the design, development, manufacture, and marketing of medical devices for use in soft-tissue surgery primarily in the United States and internationally. Its products are based on the patented soft-tissue surgical controlled ablation technology.
* Shares of Arthrocare gained $1.23 or 3.23% to $39.34 on no news Monday. ARTC closed down 22% last week.
Alliance Data Systems Corporation, (NYSE:ADS) together with its subsidiaries, provides transaction, marketing, and credit services in the United States, Canada, and internationally. Its transaction services consist of card processing, billing and payment processing, and customer care; customer information system hosting; and merchant bankcard services.
* Blackstone Group said Monday that federal regulators were getting in the way of its $6.4 billion purchase of credit card provider Alliance Data Systems, but that it might still go ahead with a renegotiated deal. Shares of ADS plunged $23.12 or 35.24% to $42.48 Monday on the news.
The daily HIGH FIVE stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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