Stocks in Focus: October 14, 2009

On October 14, 2009, several stocks made significant announcements, with various companies experiencing price movements in their shares. Iomega, an EMC company, announced Microsoft and Citrix certifications for its flagship network storage products, virtualization, and server compatibility. Additionally, IBM was awarded a contract by the US Special Operations Command to modernize its planning, programming, budgeting, and execution functions.

IBM's contract, worth a significant amount, is part of the company's broader efforts to provide innovative solutions to the US military. Eli Lilly and Company sold its Tippecanoe Laboratories manufacturing facility to Evonik Industries, with the facility remaining in operation to produce high-quality active pharmaceutical ingredients and specialty chemical and animal health products.

Motorola introduced its licensed microwave Ethernet solution, designed to provide private and public network operators with reliable wireless broadband connectivity in licensed frequency bands. SRA International won an IDIQ contract from the Defense Logistics Agency to provide sourcing and development of logistics data interoperability and availability.

Conseco, Inc. announced the pricing of up to $293.0 million of its 7.0% Convertible Senior Debentures due 2016.

Key Takeaways:

• Iomega, an EMC company, achieved Microsoft and Citrix certifications for its flagship network storage products, enhancing its virtualization and server compatibility.
• IBM was awarded a significant contract by the US Special Operations Command to modernize its planning, programming, budgeting, and execution functions.
• Eli Lilly and Company sold its Tippecanoe Laboratories manufacturing facility to Evonik Industries, with the facility remaining in operation to produce high-quality active pharmaceutical ingredients and specialty chemical and animal health products.
• Motorola introduced its licensed microwave Ethernet solution, designed to provide private and public network operators with reliable wireless broadband connectivity in licensed frequency bands.
• SRA International won an IDIQ contract from the Defense Logistics Agency to provide sourcing and development of logistics data interoperability and availability.
• Conseco, Inc. priced up to $293.0 million of its 7.0% Convertible Senior Debentures due 2016.

Statistics:

• Iomega's virtualization and server compatibility certifications enable customers to deploy Iomega storage devices in industrial-strength environments with confidence.
• IBM's contract with the US Special Operations Command is valued at a significant amount.
• Eli Lilly and Company's Tippecanoe Laboratories manufacturing facility will remain in operation with approximately 700 employees offered employment with Evonik.
• Motorola's licensed microwave Ethernet solution is designed to provide private and public network operators with reliable wireless broadband connectivity in licensed frequency bands.
• SRA International's IDIQ contract has a ceiling value of $12 million over five years.
• Conseco, Inc.'s 7.0% Convertible Senior Debentures due 2016 are valued at up to $293.0 million.

Sources:

• Iomega, "Iomega Announces Microsoft and Citrix Certifications for Flagship Network Storage Products"
• IBM, "IBM Awarded USSOCOM Contract"
• Eli Lilly and Company, "Lilly to Sell Tippecanoe Manufacturing Site to Evonik Industries"
• Motorola, "Motorola's Licensed Microwave Ethernet Solution Helps Network Operators Address Changing Market Dynamics"
• SRA International, "SRA Wins Indefinite Delivery/Indefinite Quantity Contract from Defense Logistics Agency"
• Conseco, Inc., "Conseco Announces Pricing of up to $293.0 Million of 7.0% Convertible Senior Debentures Due 2016"