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StarScientific posts

Reynold's American (RAI) wins patent dispute

Posted Jun 17th 2009 12:50PM by Brent Archer (RSS feed)
Filed under: Good news, Law, Options, Technical Analysis

Reynolds American (NYSE: RAI - option chain) shares are rising today after a federal jury ruled that the company did not infringe upon Star Scientific Inc.'s (NASDAQ: STSI) patents regarding a method to reduce cancer-causing toxins in tobacco. The jury determined the two STSI patents at issue were not valid. STSI is expected to file an appeal. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RAI.

RAI opened this morning at $37.03. So far today the stock has hit a low of $36.86 and a high of $37.97. As of 12:20, RAI is trading at $37.29 up.96 cents(2.6%). The chart for RAI looks neutral and S&P gives RAI a neutral 3 STARS (out of 5) hold ranking.

Continue reading Reynold's American (RAI) wins patent dispute

Star Scientific court decisions due tomorrow

Posted Jan 18th 2007 3:30PM by Eric Buscemi (RSS feed)
Filed under: Law

According to a Dow Jones report yesterday, the decisions to three pending Star Scientific, Inc. (NASDAQ: STSI) summary-judgment motions in the company's patent-infringement lawsuit against Reynolds American Inc's (NYSE: RAI) R.J. Reynolds Tobacco Co. will be available on tomorrow.

The patent-infringement suit has been ongoing since 2001, when Star Scientific filed against Reynolds, alleging that Reynolds had violated the company's process to reduce the level of nitrosamines - a carcinogenic toxin - in tobacco.

Star Scientific's stock rose from $3.39 to $4.40 yesterday on the news the decisions had been reached, and could rise again significantly should those decisions go its way. Additionally, if Reynolds is ordered to pay a significant enough sum, the tobacco giant may decide to simply buy out Star Scientific rather than pay a hefty patent-infringement fine.

Daily Option Update - January 17, 2007

Posted Jan 17th 2007 8:24PM by Joseph Lazzaro (RSS feed)
Filed under: International Markets, Analyst Reports, Other Issues, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Intel (INTC), India, China, Brazil, Russia, Middle East, Venezuela, Thailand, JPMorgan Chase (JPM), Mexico, Canada, Japan

Note: The Daily Option Update is provided by Options Specialist Paul Foster of theflyonthewall.com.

U.S. stocks closed flat Wednesday as investors and traders digested better-than-expected earnings & guidance from JP Morgan Chase & Co. (NYSE:JPM) and McDonald's Corp. (NYSE: MCD). U.S. Federal Reserve Chairman Ben Bernanke will testify before the U.S. Congress on Thursday. The Dow closed up 0.21%, NASDAQ 100 down 0.08%, S&P 500 down 0.73%, and the 10-year bond rose to 4.787%. Volatility Index S&P 500 Options-VIX was down 0 .05 to 10.69.

Microsoft Feb Option Implied Volatility Increases Iinto Product Launches & EPS

Microsoft Corp. (NASDAQ: MSFT) will report EPS on 1/25. MSFT launches Vista, Office 2007 and exchange Server 2007 on 1/30. Goldman Sachs said: "We are raising our 12-month target to $36 from $33 largely due to increased confidence in upcoming new product cycles driving earnings upside and lower beta." MSFT February option implied volatility of 25 is above its 26-week average of 21, according to Track Data, suggesting larger price risk.

Continue reading Daily Option Update - January 17, 2007