StreetInsider.com After-Hours Movers 04/02

April 2, 2007 5:36 PM EDT

StreetInsider.com After-Hours Movers:

Theravance, Inc. (Nasdaq: THRX) 13% HIGHER; GSK642444, a GSK-discovered compound, and GSK159797, a Theravance-discovered compound, each given once daily, achieved clinically significant increases in bronchodilation at least equivalent to salmeterol given twice daily. Both compounds exhibited a pharmacodynamic profile similar to other inhaled LABAs, with little impact on heart rate.

Genelabs Technologies, Inc. (Nasdaq: GNLB) 12% HIGHER; reached agreement with the FDA on a Special Protocol Assessment for a Phase III clinical trial of Prestara for treatment of systemic lupus erythematosus (lupus).

Merix Corporation (Nasdaq: MERX) 9.6% LOWER; reports Q3 EPS of $0.09, versus the consensus of $0.13. Revenues came in at $100.3 million versus the consensus of $101.57 million. Sees Q4 revenues of $93-$97 million versus the consensus of $102.11 million. Sees Q4 EPS of $0.00, versus the consensus of $0.15.

Fremont General Corporation (NYSE: FMT) 8% LOWER; auditor Grant Thornton resigned. Auditor saw need for to expand audit scope.

iRobot Corp. (NASDAQ: IRBT) 6.9% HIGHER; announced a delivery order from the U.S. Navy to build additional bomb-disposal robots for shipment to the U.S. forces overseas. This latest award of $14 million from the Naval Sea Systems Command (NAVSEA) brings the total value of the orders placed to date to $66 million.

Lawson Software, Inc. (Nasdaq: LWSN) 5.8% HIGHER; will require more time to complete its Q3 financial results. Lawson also announced that preliminary unaudited company estimates for third quarter revenues are expected to be in the range of $190 million and $192 million (consensus is $187.2 million). On a non-GAAP basis, earnings per share are expected to exceed the forecasts provided on the company's conference call on Jan. 9, 2007.

Accredited Home Lenders Holding Co. (Nasdaq: LEND) 1% LOWER; disclosed that independent public accounting firm Grant Thornton advised the Company and the Audit Committee of the Board of Directors of the Company of its resignation as the Company’s independent auditors. Grant Thornton further advised that it declined to complete the audit of the Company’s financial statements for the year ended December 31, 2006.

Assurant Inc. (NYSE: AIZ) INDICATED HIGHER; will replace Realogy Corporation (NYSE: H) in the S&P 500 after the close of trading on Monday, April 9. Realogy is being acquired by an affiliate of Apollo Management L.P.

Frontier Financial Corp. (NASDAQ: FTBK) INDICATED HIGHER; will replace Altiris Inc. (NASDAQ: ATRS) in the S&P SmallCap 600 after the close of trading on a date to be announced. Altiris is being acquired by S&P 500 constituent Symantec Corp. (NASDAQ: SYMC).

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