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To: Johnny Canuck who wrote (42584)	8/1/2005 4:21:56 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 70232

10:54AM Int'l Rectifier tumbles on outlook, downgrades (IRF) by Michael Baron NEW YORK (MarketWatch) -- Shares of International Rectifier Corp. (IRF) fell 14% to $47.29 on Friday after the El Segundo, Calif., developer of power management semiconductor technology products posted adjusted earnings for its fiscal fourth quarter that edged Wall Street's consensus view by a penny but said disappointed with its outlook for flat gross margins in fiscal 2006. The company was hit with two downgrades following its quarterly report. UBS went to neutral on the stock and lowered its price target to $54.50 from $58, while Smith Barney lowered its rating to hold. International Rectifier expects expenses related to a broad-based profit sharing plan to lead to a lowering of gross margin by 1% during each quarter of fiscal 2006. [Harry: This is not good for the outlook on any electronic based product. Power management is required by everything. A weaker demand environment is not good for the economy.] 10:45AM Activision inks Marvel Enterprise deal; shares rise (ATVI, MRVL) by Scott Banerjee SAN FRANCISCO (MarketWatch) -- Shares of Activision Inc. (ATVI) rose 3.9% to $19.71 in Friday morning trades after the video game maker said it has extended its licensing agreement with Marvel Enterprises (MRVL). Activision will now have the exclusive right to publish role-playing games that use characters from the Marvel Universe. The agreement covers games for consoles and the PC. The first game is expected to become available in Activision's 2007 fiscal year.