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www.Xtremepicks.com: www.Xtremepicks.Com: Xtremepicks.Com Alerts For Friday, June 26, 2009: AYE, TIVO, OGXI, KED, And FSP
(M2 PressWIRE Via Acquire Media NewsEdge) Xtremepicks.com Alerts for Friday include Allegheny Energy, Inc. (NYSE: AYE), TiVo Inc. (Nasdaq: TIVO), OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI), Kayne Anderson Energy Development Company (NYSE: KED), and Franklin Street Properties Corp. (NYSE Amex: FSP)
--- Allegheny Energy, Inc. (NYSE: AYE) opened Friday at $25.58 per share on trading volume of 1,610,000 shares.
In a press release out on Jun 26, 2009 -- Allegheny Energy, Inc. (NYSE: AYE) announced today the issuance of $235 million (principal amount) of tax-exempt bonds with a coupon of 7.00 percent and a 30-year maturity. The bonds will be issued by the Pennsylvania Economic Development Financing Authority for the benefit of Allegheny Energy Supply Company, LLC.
About Allegheny Energy
Headquartered in Greensburg, Pa., Allegheny Energy is an investor-owned electric utility with total annual revenues of over $3 billion and more than 4,000 employees. The company owns and operates generating facilities and delivers low-cost, reliable electric service to 1.6 million customers in Pennsylvania, West Virginia, Maryland and Virginia. For more information, visit the company's Web site at www.alleghenyenergy.com.
--- TiVo Inc. (Nasdaq: TIVO) opened Friday at $10.52 per share on trading volume of 3,530,000 shares.
In a press release out on June 26, 2009 -- TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), today announced the election of J. Heidi Roizen to the TiVo Board of Directors. With Ms. Roizen's election, TiVo's Board now has 10 members, of which 9 are independent, outside directors. Her appointment was effective June 24, 2009.
About TiVo Inc.
Founded in 1997, TiVo Inc. (Nasdaq: TIVO) developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at www.tivo.com and through third-party retailers. TiVo also distributes its technology and services through solutions tailored for cable, satellite, and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search, and deliver millions of pieces of broadband, cable, and broadcast content directly to the television. An economical, one-stop-shop for in-home entertainment, TiVo's intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry. www.tivo.com
--- OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) opened Friday at $21.44 per share on trading volume of 633,885 shares.
In a press release out on Jun 26, 2009 -- OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) announced today that it has filed a shelf registration statement on Form S-3 with the US Securities and Exchange Commission and an MJDS prospectus under the multi-jurisdictional disclosure system in the Province of British Columbia.
About OncoGenex
OncoGenex is a biopharmaceutical company committed to the development and commercialization of new therapies that address unmet needs in the treatment of cancer. OncoGenex has a deep oncology pipeline, with each product candidate having a distinct mechanism of action and representing a unique opportunity for cancer drug development. OGX-011, the lead candidate that has completed five Phase 2 clinical trials in prostate, lung and breast cancers, is designed to inhibit the production of a specific protein associated with treatment resistance; OGX-427 is in Phase 1 clinical development; SN2310 has completed the Phase 1 clinical trial; and CSP-9222 and OGX-225 are currently in pre-clinical development.
--- Kayne Anderson Energy Development Company (NYSE: KED) opened Friday at $12.52 per share on trading volume of 160,217 shares.
In a press release out on Jun 26, 2009 -- (NYSE: KED) Kayne Anderson Energy Development Company (the "Company") today announced that it will report its earnings results for the quarter ended May 31, 2009 on Tuesday, July 7, 2009 after the financial markets close.
About Kayne Anderson Energy Development Company
The Company is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. The Company will seek to achieve this objective by investing at least 80% of its net assets together with the proceeds of any borrowings (its "total assets") in securities of companies that derive the majority of their revenue from activities in the energy industry, including: (a) Midstream Energy Companies, which are businesses that operate assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, propane, crude oil or refined petroleum products; (b) Upstream Energy Companies, which are businesses engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs; and (c) Other Energy Companies, which are businesses engaged in owning, leasing, managing, producing, processing and sale of coal and coal reserves; the marine transportation of crude oil, refined petroleum products, liquefied natural gas, as well as other energy-related natural resources using tank vessels and bulk carriers; and refining, marketing and distributing refined energy products, such as motor gasoline and propane to retail customers and industrial end-users.
--- Franklin Street Properties Corp. (NYSE Amex: FSP) opened Friday at $13.00 per share on trading volume of 586,235 shares.
In a press release out on Jun 26, 2009 -- Franklin Street Properties Corp. ("FSP", "our" or "we") (NYSE Amex: FSP), an investment firm specializing in real estate, announced today its acquisition of an office building in Chantilly, Virginia for a purchase price of $29,000,000. Completed in 2008, the building contains approximately 111,469 square feet of rentable space and is 100% leased. Chantilly is located within the greater Washington, D.C. metropolitan area. FSP has owned suburban properties in the greater Washington, D.C. metropolitan area since 2001.
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on achieving current income and long-term growth through investments in commercial properties. FSP operates in two business segments: real estate operations and investment banking/investment services. The majority of FSP's property portfolio is suburban office buildings, with select investments in certain central business district properties. FSP's subsidiary, FSP Investments LLC (member, FINRA and SIPC), is a real estate investment banking firm and a registered broker/dealer. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.franklinstreetproperties.com.
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