LocateStock.com Daily High Five For Wednesday April 30, 2008

Jersey City, NJ – April 30, 2008

The LocateStock.com HIGH FIVE for Wednesday, April 30^th are:

5 – Circuit City – NYSE:CC

4 – Williams Sonoma – NYSE:WSM

3 – Lehman Brothers – NYSE:LEH

2 – First Horizon National – NYSE:FHN

1 – Gemstar-TV Guide International – NASDAQ:GMST

 

Circuit City Stores, Inc. (NYSE:CC) operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. It sells brand-name consumer electronics, personal computers, entertainment software, and related services in Circuit City stores in the United States and via Web sites, www.circuitcity.com and www.firedog.com.

* A major shareholder in Circuit City Stores on Monday encouraged the electronics retailer to move forward with a proposed buyout offer from Blockbuster. Hedge fund HBK Investments, which also holds a stake in movie-rental company Blockbuster, disclosed in a filing with the U.S. Securities and Exchange Commission that it owns a 9.1% stake in Circuit City's common stock. Meanwhile, Blockbuster is in talks about taking a stake in the new premium TV channel to be launched by Viacom with Lions Gate Entertainment and Metro-Goldwyn-Mayer, the Wall Street Journal said on Tuesday, citing people familiar with the situation. CC shares rose 9 cents or 1.99% to $4.62 on Tuesday.

Williams-Sonoma, Inc. (NYSE:WSM) operates as a specialty retailer of home products. It offers culinary and serving equipment, including cookware, cookbooks, cutlery, informal dinnerware, glassware, table linens, specialty foods, and cooking ingredients; home furnishing products comprising furniture, textiles, decorative accessories, lighting, and tabletop items; linens, towels, robes, soaps, and accessories for the bed and bath; and bridal and gift items.

 

* Piper Jaffray downgraded Williams-Sonoma to Neutral from Buy on Monday. Shares of WSM rose 11 cents or .40% to $27.37 on Tuesday.

 

Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.

* Shares of investment banks finished mixed Tuesday as new data indicated mortgage and housing markets continue to deteriorate and a day before the Federal Reserve Board announces if it will continue to slash interest rates. Shares of LEH lost 95 cents or 2.00% to $46.57 on Tuesday.

First Horizon National Corporation (NYSE:FHN) operates as a holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally. The bank principally offers retail and commercial banking, mortgage banking, and capital markets services.

* First Horizon announced Tuesday that it plans to offer 60 million shares of common stock for $10 per share. The company said it estimates net proceeds from the offering to be about $572 million. It expects to close the transaction on or about May 2. Goldman, Sachs and UBS Investment Bank are acting as joint book-running managers for the offering. First Horizon was upgraded by Sandler O'Neil to Hold from Sell on Tuesday. Shares of FHN gained 8 cents or .73% to $11.07.

Gemstar-TV Guide International, Inc. (NASDAQ:GMST) develops, licenses, markets, and distributes products and services for video guidance and entertainment needs of consumers worldwide. Its' Guidance Technology and Solutions segment licenses its interactive program guides to third party guide developers, such as multi-channel video service providers, consumer electronics manufacturers, set-top box manufacturers, and interactive television software and program guide providers.

* Gemstar-TV Guide International announced Tuesday that its stockholders have approved the proposed combination of Gemstar-TV Guide and Macrovision Corporation. Based on results announced at Tuesday's special meeting of stockholders, more than 90% of Gemstar-TV Guide's outstanding shares on March 17, 2008, the record date for the meeting, were voted in favor of the transaction. The parties currently expect the merger to be effective on May 2, 2008. Shares of GMST gained 8 cents or 1.97% to $4.14 on the news Tuesday.

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, LLC