News and Notes

Here is a quick roundup of newsworthy items this morning:

• North Korea "likely to test nuclear bomb"
• LEN see Q4 $1.00-$1.30 vs. $1.58 consensus
• PMCS lowers guidance due to soft demand in Asia
• AVID warns of lower revenue in audio division
• AAPL: Cingular to be exclusive iPhone carrier
• LOW expects earnings at low-end of guidance
• FORM: Goldman adds to Conviction List
• EYE down -13%; lowers guidance, downgrades
• PNR lower guidance on weak pool business

long AAPL, PNR