Apple Shares Surge

Krispy Kreme posts loss; PeopleSoft rejects Oracle again; and more of Monday's stocks in the news

Apple Computer (AAPL ) shares moved sharply higher Monday after Piper Jaffray reportedly raised its price target on the iPod maker to $100.

Krispy Kreme Doughnuts (KKD ) posted a 5-cent third-quarter loss per share, vs. 23 cents earnings per share on a 6.4% systemwide same-store sales drop. The company incurred professional fees, net of anticipated insurance recoveries, of about $3 million, and expects ongoing professional fees will be material.

PeopleSoft's (PSFT ) board reaffirmed that Oracle's (ORCL ) unsolicited $24 per share tender offer is inadequate.

b>Google (GOOG ) executives and venture firm Kleiner Perkins are cashing in Google shares, which have almost doubled since its August IPO, according to The Wall Street Journal.

Newspaper publisher Pulitzer (PTZ ) confirms it is exploring a range of alternatives to enhance shareholder value, including the possible sale of the company.

SAP (SAP ) takes high ground and market share, as Oracle and PeopleSoft duke it out in takeover brawl, according to Barron's

Lions Gate Entertainment (LGF ) is looking to sell itself in a deal that could be worth about $1.8 billion, according to The New York Post.

Rigel Pharmaceuticals (RIGL ) reported poor bioavailability results in insignificant clinical effects from its Phase I/II Hepatitis C Virus study of its R803, a novel oral hepatitis C drug.

Forest Labs (FRX ) slipped after Banc of America downgrades the stock to sell from neutral.

Xerox (XRX ) sees 90 cents to $1.00 2005 earnings per share on 3% revenue growth. For 2006, it sees 15% to 20% earnings per share growth, and 5% revenue growth.

Campbell Soup (CPB ) Posted 56 cents, vs. 51 cents first-quarter earnings per share on a 10% sales rise.

Boston Scientific (BSX ) announced the French government has added new categories of "high-risk" patients to their reimbursement approval criteria for TAXUS Express2 paclitaxel-eluting coronary stent system.

Loews (LTR ) announces that the company's TGT Pipeline unit is to purchase Gulf South Pipeline from Entergy-Koch for $1.136 billion.

Vail Resorts (MTN ) gained after JMP Securities upgrades the stock to strong buy from outperform.

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