Stock Trading

LECG Corporation provides independent expert testimony and original authoritative studies in adversarial and non-adversarial environments to corporations and law firms, as well as local, state, and federal governments and agencies in the United States and internationally. The company conducts economic, financial, accounting, and statistical analyses to provide objective opinions and strategic advice to legislative, judicial, regulatory, and business decision makers. It operates in two segments, Economics Services, and Finance and Accounting Services. The Economics Services segment offers services in the areas of energy, environment, and natural resources; merger reviews, monopolization claims, cartels, and quantification of damages; litigation support, independent expert testimony, and business advisory services, including issues of statistical liability in discrimination, wrongful termination, and wage and hour claims; telecommunications, transportation, and financial claims; and allegations of securities fraud, valuation of complex securities, and capital market transactions, such as mergers and acquisitions. The Finance and Accounting Services segment provides electronic discovery, financial services, forensic accounting, healthcare, higher education, intellectual property, and international finance and accounting services. The company was founded in 1988 and is based in Emeryville, California.

This one was brought to the chat room today by one of our members
hoops32j at around .16 The stock tanked hugely around the end of Feb Looks like one for a possible bounce but from the news i read prob not a keeper for the long term Looking for a possible .20 right now which would be a very nice flipper from this .16 -.17 level.

Another nice day for XPRT with a high of .3575 currently trading at .2968 Congrats to all who got in!!!!

Great close at .32 + 40.35% congrats again to all who got in Be sure to join us in the chat room for plays like this and many more at the link below.

http://www.stockplaysonline.com/visichat/

7:25AM LECG Corp FTI Consulting (FCN) has completed all of previously announced contemplated transactions with LECG (XPRT) 0.20 : Total consideration paid to LECG for these practices, which included accounts receivable and work-in-process, was cash of approximately $27 million plus the assumption of approximately $11 million in liabilities.

7:15AM Preferred Apt. Communities prices 4.5 mln share IPO at $10 (APTS) :

7:13AM On The Wires (WIRES) :

MEDNAX (MD) announced the acquisition of three separate physician group practices based in San Antonio, TX and Miami, FL, as well as the expansion of new services in Topeka, KS.
Southern Union Company (SUG) placed the Florida Gas Transmission Company Phase VIII Expansion project in service today as scheduled.
Ruth's Chris, a Ruth Hospitality (RUTH) business, be the exclusive partner to celebrate the United States release of the 2006 Penfolds Grange, an internationally renowned wine that has maintained its status as Australia's most prestigious red wine for over five decades.
KEYW Corporation (KEYW) announced that it has acquired JKA Technologies, a privately-held provider of cyber superiority solutions to the U.S. Intelligence Community. JKA Technologies offer a broad range of mission critical cyber superiority solutions and support including network engineering, information assurance, and systems and software engineering. JKA generated $12.9 million in revenue in 2010 (unaudited), and is projected to deliver 2011 revenue in the range of $13-14 million.

7:09AM In overnight trade, May crude oil traded to a fresh ~2.5 yr high at $107.65; it is currently higher by 50 cents to $107.22 (COMDX) :

7:03AM China Wind Systems withdraws Form S-3 registration (CWS) 3.27 : Co announces that it has filed an application with the SEC to withdraw its Registration Statement on Form S-3, which became effective on May 14, 2010. The Company requested to withdraw its Registration Statement because it does not intend to pursue the sale of the securities under the current market conditions. No securities were sold pursuant to the Registration Statement.

7:02AM Sotheby's announces conversion event of $200 mln 3.125% Convertible Notes due 2013 (BID) 52.60 : Co announces that pursuant to the terms of the indenture governing its $200 mln 3.125% convertible senior notes due 2013, the Notes will be convertible at the option of the holders beginning on April 1, 2011 and ending on June 30, 2011 as a result of the closing sale price of Sotheby's common stock on the New York Stock Exchange exceeding $44.20 for 20 trading days in the 30 consecutive trading days ending on March 31, 2011.

7:01AM NYSE Euronext: NASDAQ OMX Group (NDAQ) and IntercontinentalExchange (ICE) propose 'superior' transaction to acquire NYX for $42.50/share, a 19% premium to Deutsche Boerse proposal (NYX) 35.14 : NASDAQ (NDAQ) and IntercontinentalExchange (ICE) announced that they have made a joint proposal to acquire NYX for $42.50 in cash and stock per NYX share, or approximately $11.3 billion, based on the respective NDAQ and ICE closing share prices as of March 31, 2011. Under the terms of the proposed acquisition, NYX stockholders would receive $14.24 in cash, plus 0.4069 shares of NASDAQ OMX common stock and 0.1436 shares of ICE common stock for each NYSE Euronext share. As part of the proposal:

ICE would purchase NYSE Euronext's derivatives businesses.
NDAQ would retain NYSE Euronext's remaining businesses, including the NYSE Euronext stock exchanges in New York, Paris, Brussels, Amsterdam and Lisbon, as well as the U.S. options business.
A combined NDAQ/NYSE Euronext would provide accretion to stockholders 12-18 months following the close of the transaction and double digit accretion soon after the 12-18 month period. It would also deliver strong pro forma cash flow generation to invest in the business and service debt. ICE's acquisition would also be solidly accretive to ICE stockholders in year two and would leave ICE with substantial financial flexibility. NDAQ and ICE would finance the cash portion of the acquisition purchase price through cash on hand and a combined $3.8 bln financing commitment. Both firms have received "strong support" from a group of leading institutions, including Bank of America and Wells Fargo, which together would be prepared to arrange fully committed financing required to complete the transaction. The repayment of debt would be financed by the strong cash flows of the combined companies. NDAQ and ICE believe that the proposed combination would satisfy the required regulatory approvals in all jurisdictions.

6:56AM On The Wires (WIRES) :

Ebix, Inc. (EBIX) announced that it has been selected to provide an enterprise wide, end-to-end system for the marketing and administrative subsidiary of a leading publicly traded health and life insurance holding Company.
Cavico (CAVO) announced that its subsidiary, Cavico Hydropower, has broken through a second tunnel that connects the water intake gate with an adit sub-tunnel at the Song Giang 2 Hydropower project. The tunnel excavated by Cavico is 3,018 feet long and 8 feet wide.

6:44AM Tata Motors reports sales of commercial and passenger vehicles in March 2011 were 83,363 vehicles, a growth of 11% over 75,129 vehicles sold in March 2010 (TTM) 27.79 : Co's tata sales of Tata commercial and passenger vehicles in March 2011 were 83,363 vehicles, a growth of 11% over 75,129 vehicles sold in March 2010. The company's domestic sales of Tata commercial and passenger vehicles for March 2011 were 77,431 nos., a 9% growth over 71,024 nos. sold in March last year. Cumulative sales (including exports) for the company for the fiscal are at 803,322 nos. a growth of 25% over 642,664 nos. sold last year.

6:30AM Ebix increases size of share repurchase plan to $45 mln from 15 mln (EBIX) 23.65 : The co also announced that it has purchased a total of 106,483 shares of its common stock over the last few days, under the previously authorized share repurchase plan of $15 mln.

6:09AM On The Wires (WIRES) :

Affiliated Computer Services, a Xerox co (XRX), announced a $200 mln, five-year agreement with MGM Resorts International to provide managed information technology services.
Flexsteel Industries (FLXS) announced plans to construct a $12 mln, four-story, 40,000 square foot, corporate office building at the corner of Fifth and Bell streets in the Port of Dubuque.
SXC Health Solutions (SXCI) announced that its HealthCare Information Technology Group has been awarded a five-year sub-contract from HP Enterprise Services to provide PBM services to the State of Nevada's 180,000 Medicaid members.
Autoliv (ALV) announced it has started construction of a new factory building in Nanjing that will replace the co's existing plant in the city. The first construction phase of the new plant is ~50% larger than the existing Nanjing facility. The cost for the new facility, including the site of 66,000 square meters, should be about $10 mln.

6:04AM A123 Systems prices 18 mln shares of common stock at $6.00; and $125 mln subordinated notes due 2016 (AONE) 6.35 : Co intends to use the proceeds from the common stock and convertible notes offerings for general corporate purposes. Pending these uses, co intends to invest the net proceeds from the common stock and convertible notes offerings in interest-bearing investment-grade securities.

5:49AM On The Wires (WIRES) :

InfoSpace (INSP) announced it will continue distributing Google (GOOG) search results and advertising content through the InfoSpace network of Web search properties and partner websites, extending their longstanding partnership.
SolarWinds (SWI) announced that it plans to expand its presence in India.
XL Group (XL) announced that its new Property & Casualty (non-life) subsidiary in Shanghai, China, is open for business effective today.
Global Sources (GSOL) has formed a partnership with China's Trade Development Bureau to jointly organize six China Sourcing Fairs at the Miami Beach Convention Center July 11 - 13, 2011.