StretInsider.com Pre-Open Movers 11/02

November 2, 2006 9:28 AM EST

StretInsider.com Pre-Open Movers:

Clark (NYSE: CLK) 29.6% HIGHER; entered into a definitive merger agreement with a wholly-owned US subsidiary of AEGON N.V. (NYSE: AEG). Under the agreement, which has been unanimously approved by Clark's board of directors and a special committee of Clark independent directors, the AEGON subsidiary will commence a cash tender offer for all of the outstanding shares of Clark for a purchase price of $16.55 per share, or approximately $293 million.

Answerthink (Nasdaq: ANSR) 23% LOWER; reports Q3 EPS of $0.03, in-line with estimates.(0.03) Revenues were $43.6 million vs. $49.87 million consensus. Sees Q4 EPS of $0.00-$0.02 versus the consensus of $0.04.

XOMA Ltd. (NASDAQ: XOMA) 17% HIGHER; the company and Takeda Pharmaceutical Company Limited entered into an agreement for therapeutic monoclonal antibody discovery and development. The collaboration is intended to capitalize on XOMA's comprehensive antibody discovery, development and production technologies and expertise.

CoTherix Inc. (NASDAQ: CTRX) 12% HIGHER; reported results for the third quarter ended September 30, 2006. Net product sales for Ventavis Inhalation Solution in the third quarter of 2006 were $18.4 million, an increase of 13 percent over the second quarter of 2006, and an increase of 118 percent over the third quarter of 2005.

Lincare Holdings Inc. (NASDAQ: LNCR) 12% HIGHER; Medicare backed off a plan to cut payment for oxygen equipment

24/7 Media (Nasdaq: TFSM) 12% LOWER; reports Q3 EPS of $0.09, in-line with estimates.(0.09) Revenues were $49.1 million vs. $49.76 million consensus. Sees Q4 EPS of $0.11-$0.12, versus the consensus of $0.12. Sees FY07 EPS of $0.51-$0.55 versus the consensus of $0.53.

WellCare Health Plans (NYSE: WCG) 10.5% HIGHER reports Q3 EPS of $1.06, 11 cents better than estimates. Sees Q4 EPS of $1.30-$1.35, versus the consensus of $0.97. Sees FY06 EPS of $3.31-$3.38 versus the consensus of $2.89.

Chico's FAS, Inc. (NYSE: CHS) 10% LOWER; comparable store sales for the Company-owned stores decreased 4.1%. said, "reducing our third quarter earnings estimate to $.22 - $.25". The consensus is $0.26.

Dynamic Materials (Nasdaq: BOOM) 6.8% LOWER; reports Q3 EPS of $0.30, 2 cents worse than estimates.(0.32) Revenues were $24.9 million vs. $24.95 million consensus.

Tekelec (Nasdaq: TKLC) 6.8% HIGHER; reports Q3 EPS of $0.16, ex-items, 19 cents better than estimates. Revenues came in at $155.2 million versus the consensus of $129.9 million. Cuts 104 jobs.

Tessera Technologies (Nasdaq: TSRA) 6.5% HIGHER; reports Q3 EPS of $0.98, $1.75, ex-items, versus the consensus of $0.99. Revenues came in at $110.5 million versus the consensus of $108.32 million. Sees Q4 revenues of $49-$50 million versus the consensus of $42.38 million.

Station Casinos (NYSE: STN) 6.2% LOWER; reports Q3 earnings of $0.38 per share, ex-items, below the consensus of $0.51. Revenues came in at $346 million versus the consensus of $350.7 million. Sees Q4 EPS of 0.41-$0.51 versus the consensus of $0.61. Sees FY07 EPS of $2.00-$2.43 versus the consensus of $2.75.

Biomet Inc. (Nasdaq: BMET) 5% HIGHER; Smith & Nephew plc (NYSE: SNN) said in response to recent press speculation, the Company can confirm that it has held very preliminary talks with the US medical devices company, Biomet Inc.

Smith Micro Software (Nasdaq: SMSI) 5% LOWER; reports Q3 EPS of $0.17, 3 cents better than estimates. Revenues came in at $14.8 million versus the consensus of $13.43

SuperGen (Nasdaq: SUPG) 5% LOWER; to Delay Reporting of Third-Quarter Financial Results

Axcelis Technologies (Nasdaq: ACLS) 4.7% LOWER; reports Q3 EPS of $0.12, 2 cents worse than estimates.(0.14) Revenues were $122.8 million vs. $122.9 million consensus. Sees Q4 EPS of $0.11-$0.15 versus the consensus of $0.14. Sees Q4 revenues of $115-$125 million versus the consensus of $122 million

Intel (Nasdaq: INTC) 2% LOWER; Merrill Lynch downgrades Intel from Buy to Neutral.

Wal-Mart Stores, Inc. (NYSE: WMT) 1.6% LOWER; comparable store sales for the periods ending October 27, 2006 rose 0.5% (0.3% and Wal-Mart, 2% at Sam's Club). Comparable store sales in the U.S. for the November four-week period are estimated to be approximately flat.

Dell Inc. (Nasdaq: DELL) 1% HIGHER; Goldman Sachs upgrades Dell (DELL) to Neutral

Gulfmark Offshore (Nasdaq: GMRK) INDICATED HIGHER; reports Q3 EPS of $1.59, above the consensus of $0.92. Revenues were $75.8 million vs. $61.64 million consensus. Operating income for the third quarter of $44.4 million was also a new record.

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