Stocks to watch for Thursday, February 21, 2008:

• 3Com (COMS), which had agreed to be acquired by private-equity firm Bain Capital LLC and China-based Huawei Co. for $2.2 billion, said the companies had withdraw the application from the Committee on Foreign Investment, as it was likely not to be approved.
• Continental Airlines (CAL) reported a 4Q net loss of $32 million, wider than the $26 million loss a year ago. The company said it recorded a special non-cash tax charge of $104 million in its fourth quarter to increase its deferred tax asset valuation allowance and also recorded $31 million non-cash settlement charge in 2007 related to its pension plan to pilots who retired, reported Reuters.
• Garmin (GRMN) reported 4Q net income of $307.3 million, or $1.39 a share, compared with $180.3 million, or 82 cents a share, from a year earlier. Revenue increased 99% to $1.22 billion. The company said earnings were helped by strong GPS sales over the holiday season.
• Google (GOOG) plans to begin sales for ads that appear in Web videos. The company recently agreed to a partnership with online video ad network YuMe, which will serve InVideo overlay adverts as part of Google's AdSense for video beta advertising program.
• Microsoft (MSFT) said it will introduce downloadable games for its Xbox 360 that were created by players. According to the Wall Street Journal, game creators must use Microsoft's XNA Game Studio software, which requires a $99-a-year subscription, or be an XNA Creators Club member.
• Research in Motion (RIMM) said that it expects 4Q net subscriber account additions to be 15% to 20% higher than the 1.82 million additions it had forecast in Dec. The company said the total BlackBerry subscriber base is expected to be around 14 million at the end of the quarter.
• Terex Corp. (TEX) reported 4Q net income of $174 million, or $1.67 a share, up 72% from 100.9 million, or $0.97 cents a share a year ago. The numbers beat analyst expectations. Revenue rose 27% to $2.59 billion.

Market Recap

• Asian trading closed with the Hang Seng +0.14%, Nikkei +2.84%, Sensex +0.66%, Taiwan +2.43% and Shanghai -0.87%.
• A quick look across the pond finds the CAC +1.56%, DAX +1.55%, FTSE +1.80%, ATX +1.43%, Swiss Mkt. +2.54% and Stockholm +1.62%.
• Over in commodities, crude oil is trading lower -0.20 to 99.55 while gold is pushing higher +8.5 to 943.1 this morning.

• STOCKS
• RELATED ARTICLES
• ALSO BY...

SEARCH:

Buzz Bits: Dow, Nasdaq End Lower
Market Recap: Stocks Fall On Disappointing Econ Data
Before The Bell: UBS Cuts Chips and Phone Sales; Caterpillar Focuses on the East
Market Recap: Financials, Economic Data Lead Stocks Lower
Trading Radar

Trading Radar: GDP Highlights a Thin Week
Geithner Faces Heat, But the Recession Continues
The Great Credit Crunch Is Deepening
Oil Pipelines Strike Up Geopolitical Strife
Carry Trade Has Created Asset Bubbles