StreetInsider.com Pre-Open Movers 12/21

December 21, 2006 9:28 AM EST

StreetInsider.com Pre-Open Movers

PRAECIS PHARMACEUTICALS INCORPORATED (Nasdaq: PRCS) 144% HIGHER; GlaxoSmithKline plc (NYSE: GSK) and PRAECIS PHARMACEUTICALS announced the execution of a definitive agreement providing for GSK to acquire all outstanding shares of PRAECIS' common stock for a cash purchase price of US $5.00 per share or a total of approximately $54.8 million for the entire equity interest of PRAECIS.

Synergx (Nasdaq: SYNX) 32% HIGHER; announced that its Casey Systems subsidiary has received an initial $400,000 purchase order of what is expected to be a multi-million dollar contract for design, development and supply of the next generation CCTV and security system for the New York City Transit Authority

Delphi Corp. (OTC: DPHIQ) 30% HIGHER; Highland Capital propses new $4.7B plan

International Assets Holding Corp. (Nasdaq: IAAC) 20% LOWER; For Q4 2006, the Company reported a net loss of $1,962,000 compared to net income of $1,047,000 for the three months ended September 30, 2005 ("Q4 2005"). The loss per share was $0.25 ($0.25 diluted) for Q4 2006 against earnings per share of $0.14 ($0.13 diluted) for Q4 2005. Total operating revenue for Q4 2006 decreased by 42% to $4,414,000 from $7,615,000 in Q4 2005. Revenue in the Company's international equities business increased by 39% from $3,434,000 in Q4 2005 to $4,764,000 in Q4 2006.

Horizon Health Corp. (Nasdaq: HORC) 20% HIGHER; Psychiatric Solutions, Inc. (NASDAQ: PSYS) will acquire Horizon Health for $20 per share.

Tut Systems, Inc. (Nasdaq: TUTS) 15% HIGHER; Motorola, Inc. (NYSE: MOT) and Tut Systems, Inc. announced that the two companies have signed a definitive merger agreement, under which Motorola will acquire all of the outstanding shares of Tut Systems common stock for $1.15 per share in cash.

Pointer Telocation Ltd. (Nasdaq: PNTR) 14% HIGHER; expects to record 2006 annual revenues between US$41.3 million to US$42.1 million up from previous annual guidance of US$40 million. Operating profit is expected to be in the range of US$4.8 million to US$5.2 million up from previous annual guidance of US$3.5 million.

EntreMed, Inc. (Nasdaq: ENMD) 11% HIGHER; Panzem Demonstrates Antitumor Activity

Lifetime Brands, Inc. (Nasdaq: LCUT) 9.5% LOWER; anticipates net revenues for the year ending December 31, 2006 to be $450-$455 million vs. prior guidance of $480-490 million vs. current consensus of $485.47 million. The Company expects diluted earnings per share in 2006 to be $1.10-$1.15 vs. prior guidance of $1.45-1.55 vs. current consensus of $1.48.

Ultratech Inc. (Nasdaq: UTEK) 9% LOWER; lower guidance. The company currently expects revenue to be down sequentially 25%-30% from the third quarter 2006 compared to earlier guidance of revenue being down sequentially 8%-10% as provided on October 19, 2006. Q4 EPS are expected to be in a range of ($0.25)-($0.30). This compares with earlier guidance of ($0.10)-($0.15).

Mamma.com Inc. (Nasdaq: MAMA) 8.9% HIGHER; continued momentum

Escala Group Inc. (Nasdaq: ESCL) 7.3% HIGHER; continued momentum

ConAgra Foods, Inc. (NYSE: CAG) 5.6% HIGHER; reports Q2 EPS of $0.43 (including $0.03 per share of income from items that impact comparability) vs. $0.33 consensus (may not be comparable). Revenues were $3.09 billion vs. $3.02 billion consensus. Based on excellent progress to date, the company expects fiscal 2007 diluted EPS, excluding items impacting comparability, to be in the range of $1.28 - $1.33. (Current consensus is $1.25).

SIGA Technologies Inc. (Nasdaq: SIGA) 5% LOWER; profit taking after today's 82% run-up

Syneron Medical (Nasdaq: ELOS) 5% HIGHER; Cramer positive on Mad Money

Worthington Industries, Inc. (NYSE: WOR) 5% LOWER; reports Q2 EPS of $0.31, 8 cents worse than estimates. Revenues were $729.3 million vs. $782.47 million consensus.

DivX, Inc. (Nasdaq: DIVX) 4.5% LOWER; Cramer said take profits.

Jabil Circuit (NYSE: JBL) 4% LOWER; reports Q1 revenues were $3.2 billion vs. $3.17 billion consensus. No earnings due to options review. The company sees Q2 revenues of $2.75-$2.85 billion, versus the consensus of $2.91 billion

PMC-Sierra, Inc. (Nasdaq: PMCS) 4% LOWER; now expects revenues for the fourth quarter to be in the range of $100 million to $105 million. The Company's previous outlook was for a revenue range of $105 million to $112 million. The consensus is $108.9 million.

Smith & Nephew plc (NYSE: SNN) 3% HIGHER; more takeover talk

Herman Miller (Nasdaq: MLHR) 2.9% HIGHER; reports Q2 earnings of $0.56 per share, in-line with estimates. Revenues came in at $499.1 million versus the consensus of $503.6 million. Sees Q3 EPS of $0.49-$0.53 versus the consensus of $0.44. Sees Q3 revenues of $480-$500 million versus the consensus of $459.47 million.

Bed Bath & Beyond (Nasdaq: BBBY) 2.2% LOWER; reports Q3 EPS of $0.50, 2 cents worse than estimates.(0.52) Revenues were $1.62 billion vs. $1.63 billion consensus. Bed Bath & Beyond Inc. also announced that its Board of Directors has approved a $1 billion share repurchase program

Movado Group Inc. (NYSE: MOV) 2% HIGHER; will replace Connetics Corporation (NASDAQ: CNCT) in the S&P SmallCap 600 index after the close of trading on a date to be announced. Connetics is being acquired by Stiefel Laboratories Inc. in a deal that is still pending final approvals.

Accenture (NYSE: ACN) 2% HIGHER; reports Q1 EPS of $0.46, 4 cents better than estimates.(0.42) Revenues were $4.75 billion vs. $4.51 billion consensus. Sees Q2 revenues of $4.6-$4.8 billion versus the consensus of $$4.49 billion. Raises FY07 EPS outlook to $1.80-$1.85, up from its previously expected range of $1.77 to $1.82. The consensus is $1.83.

Related Categories

Special Reports

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?