StreetInsider.com Pre-Open Movers 03/30

StreetInsider.com Pre-Open Movers:

Dendreon (Nasdaq: DNDN) 250% HIGHER; FDA panel backs Provenge for prostate cancer.

Cell Genesys, Inc. (Nasdaq: CEGE) 26% HIGHER; related to FDA panel backing of Dendreon's (Nasdaq: DNDN) Provenge for prostate cancer. CEGE also has a cancer immunotherapy for prostate cancer.

Antigenics Inc. (Nasdaq: AGEN) 23% HIGHER; FDA panel backing of Dendreon's (Nasdaq: DNDN) Provenge.

Impac Mortgage Holdings Inc. (NYSE: IMH) 15% HIGHER; cuts dividend; completes $1.4 billion securitization of loans totaling $2.4 Billion

Spectrum Control Inc. (Nasdaq: SPEC) 10% HIGHER; For the first quarter of fiscal 2007, the Company generated net income of $2,119,000 or 16 cents per share on sales of $32,887,000, compared to net income of $290,000 or two cents per share on sales of $25,560,000 for the first quarter of fiscal 2006.

Gander Mountain (Nasdaq: GMTN) 9% HIGHER; reports Q4 EPS of $0.85 ($1.35 ex-items) vs. consensus of $0.97. Revenues were $326.9 million vs. $317.89 million consensus.

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) 8% HIGHER; reports Q4 results.

CKE Restaurants (NYSE: CKR) 6% LOWER; reports Q4 earnings of $0.15 per share 3 cents worse than estimates. Revenues came in at $359 million versus the consensus of $366.1 million.

Red Hat (NYSE: RHT) 5% HIGHER; reports Q4 earnings of $0.15 per share, ex-items, versus the consensus of $0.15. Revenues came in at $111.1 million versus the consensus of $112.6 million. Sees Q1 EPS of $0.15, versus the consensus of $0.15. Sees FY EPS of $0.67-$0.72, versus the consensus of $0.68. Sees FY revs of $510-$520 million versus the consensus of $516.12 million.

PMC-Sierra, Inc. (NASDAQ: PMCS) 5% HIGHER; announced that it is undertaking a corporate restructuring that the Company expects will reduce on-going annualized operating expenses by an estimated $20 to $24 million per year. Cutting 175 jobs.

TIBCO Software (Nasdaq: TIBX) 5% LOWER; reports Q1 EPS of $0.07, in-line with estimates.(0.07) Revenues were $125.7 million vs. $128.22 million consensus.

Hansen Natural Corp. (Nasdaq: HANS) 4% HIGHER; JP Morgan upgrades to Overweight

Aventine Renewable Energy (NYSE: AVR); Ethanol stocks higher after crop report

Cognos (Nasdaq: COGN) 3.4% LOWER; reports Q4 GAAP EPS of $0.67 (non-GAAP EPS was $0.74) vs. consensus of $0.65. Revenues were $284.5 million vs. $278 million consensus. Sees Q1 revenues between $230-240 million and Q1 GAAP EPS between $0.19 to $0.24 (non-GAAP EPS between $0.28 to $0.33) vs. consensus of $239.54 million and EPS consensus is $0.37. Sees FY08 revenues between $1.055-1.075 billion and FY GAAP EPS between $1.66 to $1.73 (non-GAAP EPS between $1.98 to $2.05 vs. consensus of $1.07 billion and EPS consensus is $2.03.

Dell (NASDAQ: DELL) 2.4% LOWER; to Delay FY07 Financial Report; Company Identified Several Accounting Errors

J C Penney Corporation, Inc. (NYSE: JCP) 1.5% HIGHER; Approves $400M Buyback; Raises Dividend

Image Entertainment, Inc. (NASDAQ: DISK) INDICATED HIGHER; entered into a definitive agreement with BTP Acquisition Company, LLC, an investor group led by David Bergstein, to sell Image in a transaction valued at approximately $132 million, including the assumption of a replication advance in excess of $9 million and the repayment of approximately $24 million of debt. Under the terms of the agreement, Image stockholders will receive $4.40 per share in cash.

ICT GROUP, INC. (NASDAQ: ICTG) INDICATED LOWER; anticipates Q1 revenue of approximately $115 million and diluted EPS in the range of $0.02 to $0.04. This estimate compares with the Company's previous expectation of revenue in the range of $116 to $118 million and earnings per diluted share in the range of $0.20 to $0.23.

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