NitroMed Trims Loss But Misses
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NitroMed (NTMD:Nasdaq - news - research) Monday said it wants to raise $65.2 million in a public stock offering to help commercialize an experimental blood pressure drug.
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He had his chances. Oh, did Adam Scott have his chances for a repeat victory in the Deutsche Bank Championship at TPC Boston yesterday. After igniting the inbound nine of his final-round 65 with birdies on Nos. 10 through 13, Scott narrowly missed opportunities on his next four holes.
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The mixed results in its latest earnings report may get lost in the wording.
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Personal computer maker Gateway Inc.  on Thursday posted a net loss that narrowed from a year earlier and bettered its own forecast, helped by higher PC sales and lower costs.
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Plus:  EarthLink trims outlook...AT&#38;T posts $7.1 billion loss...Lucent sees first profitable year since 2000...EMC issues sunny report.
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The Fix | Aside from the obvious, a look at the winners and losers from last night's proceedings.
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As expected, the athletic-shoe retailer posts a loss in the first quarter.
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The home builder KB Home posted a smaller-than-expected quarterly loss yesterday, sending its shares up, after taking a $343.3 million noncash charge for declining land values.
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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.
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Bankrupt Northwest Airlines Corp.   on Monday posted a wider quarterly net loss, but  said that excluding costs related to its reorganization, it saw  a profit.
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By Reuters. In the first major trial to test a drug only in blacks, an experimental drug developed by NitroMed Inc., combined with standard therapy, helped heart failure patients live significantly longer, researchers said yesterday.
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Drugmaker Mylan Laboratories Inc.  posted a quarterly loss on Thursday on charges related to an acquisition, but reported adjusted profit that beat its previous forecast helped by sales of generic drugs for pain and bladder control.
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ANNAPOLIS, Md. -- In recent years, Division 1-AA teams that have lost close games to lower-echelon 1-A programs have scoffed at talk of moral victories. Therefore, it wasn't surprising yesterday to see Northeastern players disappointed after losing to Navy, 28-24.
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(InfoWorld) - As price competition takes its toll, AMD Thursday posted its third consecutive quarterly loss, saying that although revenue was relatively solid, it suffered a sharp second-quarter drop in income. Revenue for the quarter was $1.38 billion, an improvement from $1.22 billion a year earlier. But the company reported a net loss of $600 million, or a loss of $1.09 per share, a big drop from net income of $89 million, or $0.18 per share, a year earlier. A big part of the loss was due to restructuring costs and a $130 million, or $0.24 per share, charge related toÂ the acquisition of graphics-chip maker ATI last year. One piece of good news was that in the face of stiff price competition from Intel, AMD said its second quarter gross margin was 34 percent, excluding one-time charges, an improvement over its 31 percent margin in the first quarter of 2007. "We achieved a 12 percent sequential revenue increase, improved the gross margin, and won back microprocessor unit and revenue market share," said Robert J. Rivet, AMD's CFO, in a statement accompanying the company results. Looking ahead, AMD forecast that third-quarter revenue would increase in line with traditional seasonal growth rates. Though that does not point to a big increase in profit in the near future, traders reacted positively to the upbeat news on revenue and margins, driving up company shares by $0.32 to $15.78 in after-hours trading. Nevertheless, the second-quarter gross margin, for example, was still a far cry from AMD's 57 percent gross margin in the second quarter of 2006. Rivet acknowledged that to instill confidence in the company, "we must improve our financial results." AMD faces an uphill battle. After gaining ground, in terms of market share and technology, on Intel two years ago by coming out with dual-core processors, AMD suffered last year as Intel battled back with its own line of multicore chips. In the longer term, AMD is pinning its hopes to a great degree on its "Barcelona" quad-core Opteron server chip, due out in August. That chip will compete with Intel's dual-core "Woodcrest" and quad-core "Clovertown" Xeon processors launched last year. AMD also needs to stay on track and hit its 2009 goal to bring its new Fusion chip -- made with ATI technology -- to market.
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Chip maker Advanced Micro Devices Inc.  on Tuesday reported a quarterly loss from a year-earlier profit following a reduced forecast it gave last week.
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MARLBOROUGH, Mass. -- 3Com Corp. posted a narrower net loss in its latest quarter amid a sharp drop in operating expenses. For the fiscal first quarter ended Aug. 27, the maker of computer-networking equipment
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Take-Two Interactive Software Inc said  on Tuesday it cut its quarterly net loss in half, but the  videogame publisher's outlook fell short of Wall Street  expectations, and its shares fell 4 percent.