Stock Market Briefs: Dell To Acquire Perot Systems, Wynn Resorts To IPO

• Dell (DELL) revealed plans to acquire Perot Systems (PER) -founded my former U.S. Presidential candidate, Henry Ross Perot- for about $3.9 billion, or $30 per share in efforts to expand beyond its core computer business to include computer-services consulting.

• Wynn Resorts (WYNN) has responded to positive reactions to its plans for an initial public offering in Hong Kong of its Macau casino operations, increasing the size of proceeds to about $1.6 billion from $1 billion of a few weeks earlier.

• Credit Suisse (CS) lifted its rating on Novellus Systems (NVLS) to “outperform” from “neutral” with a price target of $29, up from $23.

• Lennar Corp (LEN) reported a 3rd quarter loss of 97 cents, including 76 cents in charges, versus estimates of a $0.48 cent loss, compared with a 56 cent loss last year.

• Synnex Corp (SNX) is scheduled to report earnings today, with an earnings consensus estimate of $0.61, respectively, compared with $0.66 the same quarter last year.  Research in Motion (RIMM) results are also anticipated.

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