Stocks to Watch, July 12: Genentech, Monster and Secure Computing

Among the companies whose shares are expected to see active trade in Wednesday's session are Genentech Inc., Monster Worldwide Inc. and Secure Computing Corp.

AAR Corp. (AIR) is expected to report earnings per share of 30 cents for the fourth quarter, according to analysts polled by Thomson First Call.

Acergy SA (ACGY) is expected to report second-quarter per-share income of 11 cents.

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Commerce Bancshares Inc. (CBSH) is expected to report second-quarter earnings per share of 79 cents.

Ferro Corp. (FOE) is expected to post earnings per share of 25 cents for the first quarter.

Gannett (GCI) is expected to report per-share income of $1.31 for the second quarter.

Infosys Technologies Ltd. (INFY) is expected to post first-quarter earnings per share of 55 cents.

Mercantile Bank Corp. (MBWM) is expected to report earnings per share of 64 cents for the second quarter.

Nevada Gold & Casinos Inc. (UWN) is expected to post fourth-quarter earnings per share of 6 cents.

Resources Global Professionals (RECN) is expected to post per-share income of 31 cents for the fourth quarter.

Tekelec (TKLC) is expected to report first-quarter per-share income of 14 cents.

Wolverine World Wide Inc. (WWW) is expected to post second-quarter per-share income of 23 cents.

Chaparral Steel Co. (CHAP) , Flowserve Corp. (FLS) , Sealy Corp. (ZZ) and Vasogen (VSGN) are also expected to report quarterly results.

After Tuesday's closing bell, Genentech (DNA) reported an almost 80 percent rise in second-quarter profit, but concerns over future sales of its Avastin cancer drug sent the biotechnology company's stock lower in after-hours trade.

Monster (MNST) said it may need to restate financial statements for 2005 and prior years on the basis of an internal review of stock-option grants issued by the company. The Internet job site said it may need to record additional non-cash charges for stock-based-compensation expense.

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Aksys Ltd. (AKSY) said it has received a delisting notice from the Nasdaq due to a lack of compliance with the exchange's rule for the minimum value of listed securities.

AmerisourceBergen Corp. (ABC) said its AmerisourceBergen Canada Corp. subsidiary has agreed to buy Rep-Pharm Inc.

Barnes Group Inc. (B) said its aerospace unit has signed a long-term agreement with Goodrich Corp.'s (GR) aerostructures division that will generate more than $300 million in sales.

California Pizza Kitchen Inc. (CPKI) said sales for the period ended July 2 rose 14.1 percent to $136.2 million from $119.4 million in the second quarter of 2005.

Cleveland-Cliffs Inc. (CLF) said it has approved the buyback of up to an additional two million shares of its common stock.

Constellation Brands Inc. (STZ) said it will spend about $89 million and cut about 236 jobs to integrate Vincor International Inc. into its operations. The company also raised its fiscal 2007 earnings outlook.

Curis (CRIS) said the company and Genentech Inc. (DNA) have halted enrollment in the basal cell carcinoma Phase I clinical trial, and have decided not to move forward with the Phase I molecule in its current formulation.

Panacos Pharmaceuticals Inc. (PANC) said it has appointed its chief operating officer, Graham Allaway, president. Allaway will continue as COO.

Petro-Canada (PCZ) (PCA) said its Nosara Holdings Ltd. unit has increased its acquisition offer for Canada Southern Petroleum Ltd. (CSPLF) to $13 a share from $11.

Procter & Gamble Pharmaceuticals Inc., a division of Procter & Gamble Co. (PG) , said it has entered into a strategic alliance with ARYx Therapeutics, a private drug discovery and development company. Under the agreement, P&G will develop and commercialize ARYx's drug, ATI-7505, for the treatment of gastrointestinal disorders such as gastroesophageal reflux disease and gastroparesis.

Regency Centers Corp. (REG) said it now sees second-quarter funds from operations of 92 cents a share to 94 cents a share, up from the previous outlook of between 84 cents a share to 89 cents a share.

Ruby Tuesday Inc. (RI) said it earned $31.7 million, or 53 cents a share, in its fiscal fourth quarter, up 22 percent from the $26 million, or 40 cents, a year ago.

Sears Holdings Corp. (SHLD) said its vice chairman, Alan Lacy, is leaving the company July 29.

Secure Computing (SCUR) said it has agreed to acquire CipherTrust Inc. for $273.6 million, comprising $185 million in cash, 10 million Secure Computing shares, and a $10 million seller note that is subject to certain performance obligations. The company also lowered its view for second-quarter income and revenue.

Smith & Wollensky Restaurant Group Inc. (SWRG) said comparable restaurant sales in June increased 2.9 percent from the same month last year to $10.4 million.

Tenneco Inc. (TEN) said Mark Frissora, chairman, chief and president, plans to resign July 19. Frissora has been named chief executive of Hertz Corp.

William Lyon Homes (WLSM) said it sees second-quarter new home orders of 550, down 52 percent from 1,154 during the same period in the prior year. The company expects the amount of homes closing to rise 24 percent to 768 from 619.

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