Unusual 11 Mid-Day Movers 3/13: Virgin Mobile (VM) Sinks on Results, Aspect Medical (ASPM) Lower on Study Results

March 13, 2008 1:19 PM EDT

StreetInsider.com Mid-Day Movers Movers:

Virgin Mobile USA (NYSE: VM) 44% LOWER; reported a Q4 loss of $0.28 adjusted, cents better than the analyst estimate of a ($0.33) loss. Revenues for the quarter were $326.5 million, versus the consensus of $347 million. Sees full year 08 eps 19-35c versus consensus of 64 cents. Q1 EPS 1-4 cents versus 30 cent consensus.

Aspect Medical Systems, Inc. (Nasdaq: ASPM) 38% LOWER; A New England Journal of Medicine study concluded that the Bispectral Index is no more effective than older products at preventing anesthesia awareness.

Thornburg Mortgage Inc. (NYSE: TMA) 20% LOWER; received a notice of event of default from Morgan Stanley & Co. Incorporated, dated March 6, 2008, after failing to meet a margin call of approximately $9 million.

Cumulus Media Inc. (Nasdaq: CMLS) 19% HIGHER; Company received consents from members of the lending group holding in excess of 50% of the debt required to enter into an amendment to permit consummation of a merger with an investment group led by Lewis W. Dickey, Jr..

Trimas (NYSE: TRS) 16% LOWER; reports Q4 EPS breakeven, versus the consensus of $0.00. Revenues came in at $237.5 million, versus the consensus of $235.1 million. Sees Q1 EPS of $0.21-$0.24 versus the consensus of $0.32. Sees FY08 EPS of $0.85-$0.95 versus the consensus of $1.03

Sigma Designs (Nasdaq: SIGM) 15% LOWER; reported Q4 EPS of $0.80, ex-items, 3 cents worse than the analyst estimate of $0.83. Revenues for the quarter were $76.4 million, versus the consensus of $75.5 million.

Sulphco (AMEX: SUF) 12% LOWER; Disclosure of a subpoena from the Denver office of the SEC. Also, President resigns and 'going concern' from auditor.

e-Future Information Technology (Nasdaq: EFUT) 11% HIGHER; Q4 revs up 140% to $6.8M. Net loss down 369%.

Noven Pharmaceuticals Inc. (Nasdaq: NOVN) 11% LOWER; Soleil Securities downgrades Noven Pharmaceuticals from Hold to Sell, citing an outstanding comment letter from the SEC questioning revenue recognition practices as they relate to milestone payments.

National Atlantic Holdings Corporation (NASDAQ: NAHC) 10% HIGHER; entered into a definitive merger agreement to be acquired by a subsidiary of Palisades Safety and Insurance Association, a New Jersey licensed insurance exchange. Under the terms of the agreement, each outstanding share of common stock of National Atlantic will be canceled and converted into the right to receive $6.25 in cash per share.

AIG (NYSE: AIG) 5% LOWER; Morgan Stanley downgrades AIG from Overweight to Equalweight. Price target dropped from $60 to $50

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[LJ]

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