Unusual 11 Mid-Day Movers 4/2: NYNY, FRPT, CTCT, DDS Higher; DEEP, CVP, ISTA, LOJN Lower

April 2, 2008 2:09 PM EDT

Superior Offshore International Inc. (NASDAQ: DEEP) 59% LOWER; Notifies SEC of delay in filing its 2007 Q4 and full year results.

Centerplate (AMEX: CVP) 55.4% LOWER; late last night announced a cash payment of $0.13 per Income Deposit Security will be payable on April 21, 2008 to holders of record of Income Deposit Securities at the close of business on April 10, 2008. Each of the Income Deposit Securities issued by the Company is comprised of one share of common stock and a subordinated note.

ISTA Pharmaceuticals, Inc. (Nasdaq: ISTA) 30.9% LOWER; disappointing topline results of a clinical trial of Xibrom. Engaged Cowen and Company as its financial advisor. Was also downgraded to Sell at Punk Ziegel earlier today.

Empire Resorts (Nasdaq: NYNY) 25.4% HIGHER; appears to be moving solely on momentum today as no news as hit the stock.

LoJack Corporation (Nasdaq: LOJN) 23% LOWER; sees FY08 EPS of $0.75-$0.85, versus the Street consensus of $1.15. Q1 EPS are expected to be about $0.04 and Q2 EPS are expected to be about $0.20. The Street is currently expecting $0.25 and $0.30 in Q1 and Q2, respectively. Revenues for the FY08 are expected to be in the range of $213-$218 million, versus the Street estimate of $233.15 million.

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Chordiant Software, Inc. (NASDAQ: CHRD) 21.9% LOWER; expects to report revenue ranging between $23.5 million to $25.0 million for the second quarter of fiscal 2008 ending on March 31, 2008. (Consensus is $32.33 million) Chordiant also expects to report a Non-GAAP loss per share is expected to be between ($0.11) and ($0.06) for the second quarter of fiscal 2008 compared to non-GAAP net income per share of $0.19 for the same period of fiscal year 2007 and $0.05 for the first quarter of 2008. (Consensus is $0.11 profit) Chordiant also expects to report a cash, cash equivalents and restricted cash balance of approximately $70.0 million at March 31, 2008, as compared to the $87.4 million reported at December 31, 2007. This change includes cash used for the share repurchase program.

Force Protection (Nasdaq: FRPT) 20.3% HIGHER; as shares have fallen about 70% from around $5 at the beginning of 2008 to a recent low on March 17, today's move could be due to a short squeeze on the stock. At the beginning of March, Force Protection had about 15% of its float shorted, reinforcing this assumption.

Constant Contact (Nasdaq: CTCT) 20% HIGHER; today announced that its email marketing service was chosen as one of the tools featured in the Intuit (Nasdaq: INTU) Marketing Tools Center. This online center is designed to provide millions of small businesses with the marketing tools needed to grow their businesses.

Dillard's, Inc. (NYSE: DDS) 13.3% HIGHER; announced that it has reached an agreement with Barington Capital Group, L.P. and Clinton Group, Inc., in conjunction with Southeastern Asset Management, that will avoid a proxy contest at the Company's 2008 Annual Meeting of Stockholders scheduled for May 17, 2008.

Packeteer, Inc. (Nasdaq: PKTR) 13.2% HIGHER; 9.8% shareholder Elliott Associates, L.P. reaffirmed their offer to acquire the company following the company's rejection of the offer and institution of a poison pill.

The Talbots (NYSE: TLB) 12.8% HIGHER; continues to see momentum after the Company unveiled its strategic plan to promote long-term growth yesterday.

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Related Entities

• Southeastern Asset Management
• Clinton Group
• Barington Capital Group

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