Stock Market Champs..........9-19-06

Summit Bank Corp. (SBGA)

Last Trade:	22.30
Trade Time:	3:17PM ET
Change:	6.20 (38.51%)

UCBH Holdings to buy Summit Bank Corp. for $175M

San Francisco-based UCBH is the parent of United Commercial Bank, which has branches in Fremont, Cupertino, San Jose and San Mateo. Summit Bank Corp. is the holding company of Summit National Bank, based in Atlanta.

Summit has five branches in metropolitan Atlanta and two in the South Bay. It also runs the Concord Bank in Houston and has a representative office in Shanghai. On June 30 it had $656.7 million in assets and $569.8 million in deposits.

The boards of both companies have approved the deal, in which Summit Bank Corp. will merge with a subsidiary of UCBH and Summit National Bank will merge into United Commercial Bank.

UCBH will issue 4.8 million of its own shares and pay $87.4 million in cash, plus about $800,000 related to the cash out of Summit's outstanding options.

The deal should close in the first quarter of next year. It must be approved by Summit Bank shareholders.

Napster Inc. (NAPS)

Last Trade:	4.03
Trade Time:	3:21PM ET
Change:	0.48 (13.52%)

Napster Shares Climb As Company Weighs Strategic Partnerships, Sale

Shares of Napster Inc. climbed in Tuesday trading, a day after the company announced it retained UBS Investment Bank to weigh possible partnerships or a sale of the company.

Napster, which sells digital music over the Web to more than 500,000 subscribers, said recent third-party interest sparked the move.

The stock gained 52 cents, or 15 percent, to $4.07 on the Nasdaq.

"The rising competitive heat, a slow start to the company's ad-supported free music initiative, and the lack of a clear path to profitability all lead us to the conclusion that Napster needs a partner," wrote Canaccord Adams analyst Steven Frankel in a note to investors. Frankel wrote that he would not be surprised if a hardware manufacturer were interested in a partnership or buyout.

Frankel advised investors to take advantage of the bounce today to sell, and wrote that shares would drop to the $3 level if a sale didn't go through.

BMO Capital Markets analyst Leland Westerfield upgraded the stock to "Market Perform" from "Underperform" Tuesday and raised his price target to $4 from $3, on the likelihood Napster will indeed be acquired. He estimated the time frame to be short -- two to four months.

Because the company owns all the technology needed to sell and serve music to its customers, the analyst wrote, "Napster will be highly prized by up-and-running services that do not directly own their backend systems (e.g., Sony and Virgin), music labels (e.g., EMI and Warner Music Group) and interim-technology players (e.g., XM Satellite Radio)."

Barbara Coffey, a Kaufman Bros. analyst, rates Napster stock a "Buy" with a $5 price target. The analyst wrote in a note to investors that international licenses with content providers will be valuable to possible buyers, which she speculates include "handset and other hardware makers, cellphone service providers, consumer-oriented Web site companies and media companies."

Other possible acquirers mentioned in analyst response Tuesday morning included Web retailer Amazon.com Inc., digital media company RealNetworks Inc., flash memory maker SanDisk Corp. and Google Inc.

Opexa Therapeutics, Inc. (OPXA)

Last Trade:	6.85
Trade Time:	3:04PM ET
Change:	0.85 (14.17%)

Opexa Commences Phase IIb Multiple Sclerosis Study
Monday September 18, 8:00 am ET

Reports Positive Phase I/II DataProvides Update on Preclinical Progress Opexa Therapeutics, Inc. a company involved in the development and commercialization of cell therapies, today announced a number of positive steps in the Company's development including:

• Its Phase IIb study with Tovaxin(TM) for the treatment of multiple sclerosis has begun. More than 90 attendees from 35 clinical sites attended the investigators' meeting held recently in The Woodlands. These sites have begun screening patients for the 150-patient trial. Opexa expects that the first patients will be enrolled early in the fourth quarter of this year.
• Positive data from the Phase I/II trial with Tovaxin in multiple sclerosis indicate that after 12 months, patients exhibited a relapse rate reduction of more than 90%.
• Initiation of animal studies at the University of Texas Medical Branch at Galveston utilizing the Company's autologous adult human stem cell regenerative medicine platform technology.

Hyperdynamics Corp. (HDY)

Last Trade:	2.15
Trade Time:	3:18PM ET
Change:	0.34 (18.78%)

Hyperdynamics Reports Negotiations Completed for New Contract with Guinea
Tuesday September 19, 9:45 am ET

Major Progress Realized Working Through Guinea's Democratic Process Sept. 19, 2006--Hyperdynamics Corp. announced today that the company has completed negotiations for a new production sharing agreement and has realized major progress working through the democratic process in Guinea.

Recently, the new Minister of the Mines and Geology Dr. Ousmane Sylla, in a meeting with the company's Executive Vice President Harry Briers, agreed that negotiations for a new 2006 production sharing contract were completed. Sylla expressed full support of the new agreement and stated that he is ready to sign it. Simultaneously, Hyperdynamics' executives have held key meetings with many of the ministers of the president's cabinet, as well as the President of the National Assembly Elhadj Aboubacar Sompare. In a filmed meeting, Sompare gave his full support for the newly negotiated PSA, and expressed an anxious willingness to move it quickly through the National Assembly affirmation process that would result in legislation endorsing the new PSA.

When asked to comment, Kent Watts, CEO, said, "While we had expected to announce the signing of a new contract by now, we indeed have realized major progress. With the help of U.S. Ambassador Jackson McDonald and our talented professional team, the support of the many influential ministers, and the support of the National Assembly, I can see no other viable democratic outcome than a fully executed agreement."

About Hyperdynamics

Hyperdynamics Corp. provides energy for the future by exploring and developing new and redeveloping residual sources of energy worldwide. The company's internationally active oil and gas subsidiary, SCS Corp., owns rights to explore and exploit significant acreage offshore the Republic of Guinea, West Africa. HYD Resources Corp. focuses on domestic production in proven areas.

CanArgo Energy Corp. (CNR)

Last Trade:	1.4500
Trade Time:	3:17PM ET
Change:	0.1500 (11.54%)

CanArgo Energy Corporation ("CanArgo") today issued an update on the Manavi M12 well which is currently drilling in Georgia.

Whilst drilling ahead through the Cretaceous limestone reservoir a significant gas influx was observed, with up to 20% gas recorded at surface and with heavily gas-cut drilling mud. Traces of condensate were also observed in the mud. Drilling was temporarily halted at a depth of 4,733 metres (15,528 feet) in order to increase the mud weight to control the flow. Cuttings samples indicate a fractured porous vuggy white limestone, and oil/bitumen staining has been noted together with light oil/condensate shows. The mud weight is still being increased to control the well, after which it is planned to re-commence drilling through the reservoir whilst hydrocarbon shows continue. It is anticipated that total depth will be reached in early October 2006 after which logs will be run to evaluate the zones to be tested.

CanArgo is an independent oil and gas exploration and production company with its oil and gas operations currently located in the Republic of Georgia and in Kazakhstan.

Herbalife Ltd. (HLF)

Last Trade:	36.30
Trade Time:	3:20PM ET
Change:	3.60 (11.01%)

Herbalife Appoints Stacy Brovitz As Senior Vice President of Global Operations

Herbalife Ltd., a maker of nutritional supplements and weight management products, on Tuesday appointed Stacy Brovitz as senior vice president of global operations.

Brovitz, 46, will oversee Herbalife's global supply chain, manufacturing and distribution, among other functions. He will report to President and Chief Operating Officer Gregory L. Probert.

Brovitz most recently served as chief operating officer of Dormont Manufacturing Co., a maker of stainless steel gas appliance connectors, a position he held since 1992. Previously, he was vice president of the capital markets group for JP Morgan Chase & Co.

Herbalife's operations stretch across 62 countries, with a manufacturing facility in China and distribution centers in the Netherlands and Mexico.

Herbalife shares were up $3.10, or 9.5 percent, at $35.80 in afternoon trading on the New York Stock Exchange. Morgan Stanley upgraded the stock earlier Tuesday to "Overweight" with a $40 price target, saying the shares trade at a discount to peers.

Votorantim Celulose e Papel S.A. (VCP)

Last Trade:	16.55
Trade Time:	3:22PM ET
Change:	1.00 (6.43%)

International Paper to Exchange Pulp Mill Project for Pulp and Paper Mill in Brazil

-- Paper maker International Paper Co. on Tuesday said it has agreed to an asset swap with Brazil's Votorantim Celulose e Papel SA in which it will spend $1.15 billion and exchange one Brazilian pulp mill for another.

Under the deal, International Paper will trade its pulp mill project under development in Tres Lagoas, in Brazil's Mato Grosso do Sul state -- including 100,000 hectares of forest land -- for VCP's pulp and uncoated paper mill and 60,000 hectares of forest land in Sao Paulo.

International Paper will also invest $1.15 billion in the Tres Lagoas pulp mill project.

"International Paper's Brazil operations are an important base for the company, and this is an opportunity to expand our position in regional markets while capitalizing on one of the world's lowest-cost manufacturing environments," said John Faraci, chairman and chief executive.

VCP's Luiz Antonio pulp and uncoated paper mill produces 350,000 metric tonnes of uncoated papers and 385,000 metric tonnes of pulp annually. International Paper plans to sell 100,000 metric tonnes of the pulp to the Brazilian company as part of a long-term supply pact.

When the swap is complete, International paper said it plans to build a 200,000-metric-tonne paper machine near VCP's Tres Lagoas mill and has an option to build a second similar machine in the future. VCP would provide the pulp, utilities and others services needed.

The transaction is slated to close by February.