Morning News Roundup

Here are some of the highlights on this morning's tape:

• Piper starts ELOS with Outperform ($31 tgt)
• Accredited Home Lenders announces $200 mln term loan commitment
• Recommend aggressive accumulation of PAY - Suntrust
• Affiliated Computer founder & Cerberus offer to buy ACS for ~59.25/share
• Progress Software beats by $0.02
• Silicon Motion raises revenue guidance for Q1
• Boeing 787 sales book filled until late 2013 - Chicagotribune.com
• Housing Starts 1525K vs 1445K consensus
• Allegheny Tech tgt raised to $116 from $104 at BofA
• PeopleSupport added to Focus List at Amtech
• Global semiconductor equipment sales up 23% in 2006
• ISIS Pharm reinitiated with a Buy at Fortis- tgt $13

long ELOS