StreetInsider.com Pre-Open Movers 09/25

September 25, 2006 9:24 AM EDT

StreetInsider.com Pre-Open Movers:

Acorda Therapeutics, Inc. (Nasdaq: ACOR) 154% HIGHER; announced positive results from its Phase 3 clinical trial of Fampridine-SR on walking in people with multiple sclerosis (MS). Statistical significance was achieved on all three efficacy criteria defined in the Special Protocol Assessment by the FDA.

Warrior Energy Service Corp. (Nasdaq: WARR) 72.6% HIGHER; Warrior Energy Services Corporation (Nasdaq: WARR) has entered into a merger agreement to be acquired by Superior Energy Services, Inc. (NYSE: SPN). Under the terms of the agreement, for each share of Warrior Energy Common Stock, a stockholder will receive upon the closing of the transaction $14.50 in cash and 0.452 shares of Superior common stock.

Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) 42% HIGHER; announced positive results from the Phase 3 satraplatin pivotal registrational trial known as SPARC

GPC Biotech AG (Nasdaq: GPCB) 34.5% HIGHER; announced positive topline results for the double-blinded, randomized satraplatin Phase 3 registrational trial for prostate cancer.

Pharmion Corporation (Nasdaq: PHRM) 14% HIGHER; announced positive topline results for the double-blinded, randomized satraplatin Phase 3 registrational trial for prostate cancer.

Educate, Inc. (Nasdaq: EEEE) 11% HIGHER; announced that its Board of Directors received a nonbinding proposal from R. Christopher Hoehn-Saric, Chairman and Chief Executive Officer of the Company, Peter J. Cohen, President and Chief Operating Officer of the Company, and Christopher J. Paucek, President, Educate Products, of the Company, Sterling Capital Partners, LP, Sterling Capital Partners II, LP and certain limited partners and co-investors of Sterling Capital Partners, including Citigroup Private Equity, to acquire all of the outstanding shares of the Company for $8.00 per share in cash.

JLG Industries, Inc. (NYSE: JLG) 9.2% HIGHER; reports Q4 EPS of $0.45, 3 cents better than estimates. Revenues were $688 million vs. $659.06 million consensus. Expects fiscal 2007 earnings per share to be in a range of $1.72 to $1.82. Current consensus is $1.72.

Microsemi Corp. (Nasdaq: MSCC) 8.5% LOWER; expects fourth quarter revenues for fiscal 2006 to be flat to up 2 percent compared to revenues of the third quarter of fiscal 2006 and non-GAAP earnings to be $0.25 to $0.27 per share, excluding one-time charges. Current consensus is $0.30.

Maritrans Inc. (NYSE: TUG) 7.45% HIGHER; Overseas Shipholding Group, Inc. (NYSE: OSG) and Maritrans Inc. jointly announced today that they have entered into a definitive merger agreement pursuant to which OSG will acquire Maritrans Inc. Under the terms of the merger agreement, unanimously approved by the Boards of Directors of each company, OSG will acquire Maritrans in an all-cash transaction for $37.50 per share.

UAL Corp. (Nasdaq: UAUA) 3.9% HIGHER; Crain's Chicago reports United Airlines (Nasdaq: UAUA) has retained Goldman Sachs to explore strategic alternatives including possible mergers with other carriers.

Ethan Allen Interiors Inc. (NYSE: ETH) 3.4% LOWER; anticipate that revenues for the quarter ending September 30, 2006, will total $240 to $245 million, versus the consensus of $263.8 million.

Baidu.com, Inc. (Nasdaq: BIDU) 3% HIGHER; Citigroup Upgrades Baidu.com (BIDU) to Hold

Altria Group Inc. (NYSE: MO) 2.9% LOWER; US judge certifies class action suit in lights cigarette case.

SanDisk Corp. (Nasdaq: SNDK) 2.5% LOWER; Merrill Lynch downgrades SanDisk (SNDK) to Neutral

Time Warner Inc. (NYSE: TWX) 1.75% HIGHER; Morgan Stanley and Sanford Bernstein upgrades

Chiquita Brands International Inc. (NYSE: CQB) 1.5% LOWER; Suspends Quarterly Dividend, Guides Lower for Q3 Financials.

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