Guess? Shares Dip and 4 Stocks Hitting 52-Week Lows
Affymetrix (NASDAQ:AFFX): Enzo Biochem (NYSE:ENZ) said that the jury in the Enzo action entitled Enzo Biochem, Inc. et al. vs. Applera Corp. and Tropix Inc. in New Haven Civil Action No. 3:04cv929, has returned its verdict that Applera Corp., now Life Technologies (NASDAQ:LIFE), infringed Enzo’s patents covering pioneering technologies linked to compounds used in DNA sequencing systems through which to read the genetic code. $48.6 million was awarded in direct infringement penalties, and a pre-judgment award will be awarded by the Court, the addition of which should add recoveries of up to tens of millions of dollars. Additionally, the jury found that Life Technologies’ sequencing instruments caused its customers to infringe Enzo’s patent No. 5,449,767, and the sales of such instruments are estimated to be $770 million, and Enzo intends to seek damages based on that verdict as well. Further, Enzo expects that Friday’s decision will lend a positive effect on the resolution of pending actions that the firm brought in the U.S. Southern District Court in New York City, which involve additional contract issues, patents and defendants, which include Amersham PLC, Amersham Biosciences, Roche Diagnostics (RHHBY), PerkinElmer (NYSE:PKI), PerkinElmer Life Sciences, Molecular Probes, Orchid Cellmark (NYSE:LH) and Affymetrix. The Latter’s shares closed up 0.31 percent on the day at $3.25, and have traded in a 52-week range of $3.16 to $5.50.
Blyth (NYSE:BTH) announced that ViSalus, at its National Success Training event in St. Louis Friday, will report that its third quarter sales were approximately $169.9 million, which marks an increase of $96.7 million, or 132 percent, from $73.2 million in sales year-over-year from 2011. Shares closed down 13.7 percent on the day at $19.97, but having been traded in a 52-week range of $26.75 to $46.15.
Guess? (NYSE:GES) shares closed down 5.79 percent on the day at $24.39, and have traded in a 52-week range of $24.12 to $37.15.
Martha Stewart Living Omnimedia (NYSE:MSO) will reduce its workforce by about 12 percent (around 70 persons), in a restructuring, according to the New York Post, which noted that Meredith Corporation (NYSE:MDP), American Media and Rodale are among potential suitors for the company’s Whole Living magazine. Shares closed down 4.75 percent on the day at $2.81, having been traded in a 52-week range of $2.77 to $5.19.
Penn West Petroleum’s (NYSE:PWE) Board approved an incremental capital in order to optimize operational and capital efficiencies for next year by initiating certain 2013 projects late this year. It is not expected that this incremental capital should have any impact on 2012 output. Shares closed down 7.04 percent on the day at $12.15, having been traded in a 52-week range of $12.22 to $22.37.
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