StreetInsider.com Unusual 11 Mid-Day Movers 10/05
Conolog (Nasdaq: CNLG) is 89% HIGHER; Announces that Midwest and Northeast Utilities have requested an immediate acceleration of 40 systems on or before December 2007.
Cardica (Nasdaq: CRDC) is 28% HIGHER; Today\'s move follows yesterday\'s 20% increase. The small medical device maker was also a big mover in early September following news two independent groups of leading cardiothoracic surgeons performed ground-breaking minimally-invasive, closed-chest bypass procedures using Cardica\'s C-Port Flex A Anastomosis System and Intuitive Surgical\\\'s (Nasdaq: ISRG) da Vinci robot.
Syntax-Brillian (Nasdaq: BRLC) is 20% HIGHER; No specific as to why it is higher.
Trump Entertainment (Nasdaq: TRMP) 17% HIGHER; Brean Murray notes that The Newark Star Ledger is once again reporting that negotiations for the sale of Trump Entertainment Resorts (Nasdaq: TRMP) are ongoing, as it cites preliminary talks with The Cordish, a Baltimore-based developer that owns a $110 million retail district in front of the Trump Plaza and developed the Seminole Hard Rock Hotel and Casinos in Florida.
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Natural Health Trends Corp. (Nasdaq: BHIP) 15% HIGHER; announced the successful completion of a conference held in Beijing that was hosted by its Chinese subsidiary, NHT Global Commodities Co. The Beijing conference was attended by an estimated 50 guests of government officials, trade organizations and media representatives from news agency, television, press and on-line media.
Research In Motion (Nasdaq: RIMM) is 10% HIGHER; The company posted second quarter net income of $287.7 million, or 50 cents a share, up from $140.2 million, or 25 cents a share, in the same quarter last year. Analysts polled by Thomson Financial were expecting earnings of 50 cents a share. The company reported revenue of $1.37 billion, vs. $658.5 million in the same quarter of last year. Analysts were expecting revenue of $1.36 billion.
SupportSoft (Nasdaq: SPRT) 17.7% LOWER; Sees Q3 revenue of $11.1 million - $11.3 million, compared to the Company\'s prior forecast of $12 million - $13 million. Sees Q3 Non-GAAP net loss of ($0.08) - ($0.10) per share, compared to the Company\'s prior forecast of ($0.09) - ($0.11).
General Steel Holdings, Inc. (AMEX: GSI) 15% LOWER; profit-taking from yesterday\'s 62% move. The stock recently moved from the OTCBB to the AMEX.
Sealy Corp. (NYSE: ZZ) 7% LOWER; reports Q2 EPS of $0.22, versus the consensus of $0.32 (may not compare) Revenues came in $446.4 million versus the consensus of $444.44 million.
Lawson Software, Inc. (Nasdaq: LWSN) 6% LOWER; reports Q1 EPS of $0.07, ex-items, versus the consensus of $0.05. Revenues came in at $187.4 million versus the consensus of $186.09 million. Sees Q2 profit of $0.06-$0.08 versus the consensus of $0.08.
Clearwire (Nasdaq: CLWR) 13% LOWER; Bear Stearns downgrades Clearwire Corporation (Nasdaq: CLWR) from Outperform to Peer Perform.
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