Dow Stocks News:

• Sun and Intel have been negotiating an agreement under which Sun would buy Intel chips for use in server systems. Such a deal would be a blow to AMD. - WSJ
  
  
• IBM is set to unveil social-networking software that works like Web sites such as Facebook, but includes safeguards for corporate use. - WSJ
  
  
• Citigroup on Monday agreed to buy ABN Amro's Mortgage Group for an estimated $3 billion, a deal that will give the world's largest bank another 1.5 million customers. - MarketWatch
  
  
• BA Boeing Wachovia Downgraded from Outperform to Mkt Perform
  
  
• PG Procter & Gamble Prudential Price Target Raised Overweight $73 to $78
  

Breaking News:

• Anglo-Swedish pharmaceutical AstraZenenca (AZN) said Monday that it will invest $100 million to expand its research facility near Boston. The investment will allow AstraZeneca to strategically boost work in the infectious disease area and continue its incremental growth in cancer research at the center. The expansion of the research facility will accommodate up to 100 additional researchers. - MarketWatch
  
  
• Barron's reports that the buzz around WiMax is increasing with research firm Canaccord Adams naming WiMax company AirSpan (AIRN) as its "Best Idea".
  

IPO’s schedules for the week of Jan 22nd :

• AeroVironment (AVAV). The company provides small unmanned aircraft systems to the U.S. military. The company is selling 6.7M shares at the initial range between $14-$16. The company announced Revenues for the last 12 months of $140M and Net Income of $11M. The Lead Managers is Goldman Sachs while Jefferies is Co. Manager. AeroVironment (AVAV) is headquartered in Monrovia, CA and their website is www.avinc.com
  
  
• Meruelo Maddux Properties (MMPI). The company is a California real estate developer with a focus on Los Angeles. The company is selling 40M shares at the initial range between $12-$14. The company announced Revenues for the last 12 months of $22M and Net Income of $(-13)M. The Lead Managers is Friedman Billings while KeyBanc is Co. Manager. Meruelo Maddux Properties (MMPI) is headquartered in Los Angeles, CA and their website is www.meruelomaddux.com
  
  
• Oculus Innovative Sciences (OCLS). The company is a developer and manufacturer of products designed to prevent infection in wounds. The company is selling 3.1M shares at the initial range between $12-$14. The company announced Revenues for the last 12 months of $3M and Net Income of $(-23M). The Lead Managers is Roth Capital while Brookstreet Securities is Co. Manager. Oculus Innovative Sciences (OCLS) is headquartered in Petaluna, CA and their website is www.oculusis.com
  

IPO News:

• VeriChip Corp. on Monday said it plans to offer 4.3 million shares at $6.50-$8.50 a share in a bid to raise about $32 million in its initial public offering. The company plans to trade under the symbol CHIP on the Nasdaq. The Delray Beach, Fla. company makes radio frequency identification tags for infants and patients in hospitals. Shareholders in the company include Applied Digital Solutions Inc. and IBM
  
  
• Molecular Insight Pharmaceuticals Inc. on Monday set an estimated price range of $14-$16 a share in its upcoming initial public offering. The Cambridge, Mass. drug firm plans to raise $75 million by offering 5 million shares for trading under the symbol MIPI.