(APKT) Company News for August 19, 2011 – Corporate Summary

•    Sears Holdings (NASDAQ:SHLD) posted a Q2 loss of $1.13, wider than the Zacks Consensus Estimate for a loss of $0.64 per share. Revenues for the quarter fell 1.2% year-over-year to $10.33 billion, surpassing the Zacks Consensus Estimate of $10.097 billion•    Tech giant Hewlett-Packard’s (NYSE:HPQ) reported adjusted earnings of $1.10 per share on revenues of $31.2 billion for the third quarter, beating the Zacks Consensus Estimates of $1.09 and $31.1 billion

•    According to a report in The Wall Street Journal, Eastman Kodak Co. (NYSE:EK) is looking to sell off its digital imaging patents. Following this development, shares of the company gained 13.38% to close at $3.05

•    Shares of tech providers Acme Packet Inc. (NASDAQ:APKT)  plunged 17.38%  after analysts at Pacific Crest downgraded the stock from “Outperform” rating  to “Sector Perform” rating

•    On Wednesday, energy efficient lighting makers Cree, Inc. (NASDAQ:CREE) announced it has acquired Ruud Lighting Inc. in a deal worth around $525 million in cash and stock

•    Shares of NetApp Inc. (NASDAQ:NTAP) were downgraded by analysts at William Blair to a “Market Perform” rating from an “Outperform” rating

•    Shares of Corp Office Props (NYSE:OFC) were downgraded by analysts at Stifel Nicolaus to “Hold” rating from “Buy” rating

•    Analysts at Goldman Sachs (NYSE:GS) downgraded TRW Automotive Holdings Corp. (NYSE:TRW)  to a “Neutral” rating from a “Buy” rating

•    Analysts at Oppenheimer downgraded shares of Texas Roadhouse (NASDAQ:TXRH) from an “Outperform” rating to a “Perform” rating

ACME PACKET INC (APKT): Free Stock Analysis Report

CREE INC (CREE): Free Stock Analysis Report

EASTMAN KODAK (EK): Free Stock Analysis Report

GOLDMAN SACHS (GS): Free Stock Analysis Report

HEWLETT PACKARD (HPQ): Free Stock Analysis Report

NETAPP INC (NTAP): Free Stock Analysis Report

CORP OFFICE PTY (OFC): Free Stock Analysis Report

SEARS HLDG CP (SHLD): Free Stock Analysis Report

TRW AUTOMTV HLD (TRW): Free Stock Analysis Report

TEXAS ROADHOUSE (TXRH): Free Stock Analysis Report

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