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Stocks to Watch: FuelCell, Energy Inc., Dell and Andersons

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are FuelCell Energy Inc., Dell Inc. and Andersons Inc.

Applied Signal Technology (APSG) is expected to report earnings per share for the fourth quarter of 22 cents, according to analysts polled by Thomson First Call.

FuelCell. (FCEL) is expected to post a per-share loss of 35 cents for the fourth quarter.

Joy Global Inc. (JOYG) is expected to report per-share income for the fourth quarter of 66 cents.

Oracle Corp. (ORCL) is expected to post second-quarter per-share income of 22 cents.

Piedmont Natural Gas Co. (PNY) is expected to report first-quarter per-share income of 97 cents.

Steelcase Inc. (SCS) is expected to report earnings of 19 cents per share for the third quarter.

After Friday's closing bell, Dell (DELL) said it received a Nasdaq letter on Dec. 15 indicating that the company is not in compliance with continued listing requirements. The computer giant said the letter relates to the company's delayed third-quarter filing. See After Hours column.

Also, three top executives at Time Warner Inc.'s (TWX) AOL unit plan to quit as part of a reorganization expected to be made public this week, according to several media reports. The execs include: Jim Bankoff, AOL's executive vice president of programming, Joe Redling, chief marketing officer, and John Buckley, a chief public-relations officer.

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Andersons (ANDE) said it has raised the quarterly cash dividend 5.6% to 4.75 cents per share. The dividend is payable Jan. 22 to shareholders as of Jan. 2.

Boston Scientific Corp. (BSX) said it is voluntarily recalling certain lots of the Mach 1 guide catheter in the United States. The medical devices maker said some units of the catheter may contain excess resin that could obstruct a blood vessel if detached during a procedure.

Comverse Technology Inc. (CMVT) Chairman Ron Hiram has resigned from the board. Hiram's resignation was tendered in view of the recent appointment of an additional five new independent directors. Also, the company has received an additional Nasdaq delisting notice over the company's delayed Form 10-Q filing for the quarter ended Oct. 31.

Guitar Center Inc. (GTRC) said its Nov. 22 agreement to buy the assets of Dennis Bamber Inc. has been terminated upon bankruptcy court approval of an alternative bidder for the business.

Imax Corp. (IMAX) said it has determined that a sale or merger of the company will not enhance shareholder value. The Toronto-based entertainment company said it will instead focus on the growth of its network and on strategic business initiatives.

King Pharmaceuticals Inc. (KG) said an arbitration panel has decided in favor of Elan Corp. (ELN) in a dispute related to King's Sonata insomnia drug. The panel ordered King to pay Elan about $49.8 million, plus interest, in milestone payments and other research and development expenses.

Nasdaq Stock Market Inc. (NDAQ) said it has approved a new employment contract for President and Chief Executive Robert Greifeld, extending his deal through Dec. 31, 2010.

PetSmart Inc. (PETM) said it has amended its bylaws to adopt a majority voting standard for the election of directors in uncontested elections. The Phoenix-based retailer of pet products and services said that under the new standard a director in an uncontested election must receive more than 50% of the votes cast.

Power Integrations Inc. (POWI) said it has informed the Nasdaq that it will not meet the Listing and Hearing Review Council's Dec. 18 deadline to become current in its filings. The company expects its shares to be delisted from the Nasdaq Global Market as of the start of trading on Dec. 19.

Refco Inc. (RFXCQ) , the derivatives broker that collapsed in scandal last year, said its Chapter 11 plan was confirmed by a New York bankruptcy court, clearing the way for its businesses to be finally shut down and creditors repaid a portion of what they were owed. See full story.

Private-equity firms Clayton Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co. are in talks to acquire Royal Ahold NV U.S. foodservice unit in a leveraged buyout, according to a media report.

Standard & Poor's said it's changing the makeup of the S&P 500 and SmallCap 600 indexes after the close of trading Tuesday. Terex Corp. (TEX) will replace Navistar International Corp. (NAV) in the S&P 500. Mannatech Inc. (MTEX) will replace American Italian Pasta Co. (PLB) in the S&P SmallCap 600.