After-Hours Movers 01/04: BSQR, YTEC, MERX, CRXX Higher; CELL, TXCC, ALJ, HYGS Lower
BSQR Hot Sheet
EPS Growth %: -200.0%
Bsquare Corporation (NASDAQ: BSQR) 27.4% HIGHER; has renewed its OEM distribution agreement with Microsoft Corporation (Nasdaq: MSFT) under which Bsquare sells Microsoft's complete line of software products for embedded systems to OEMs in North America. The new agreement is effective for a six-month period Jan. 1, 2010 to June 30, 2010 -- at which time Microsoft anticipates introducing updated agreements for its distributors. Under the agreement, Bsquare enables OEMs to quickly adopt Microsoft software products including Microsoft's innovative, new Windows 7-based technologies. Windows 7 for Embedded Systems and Windows Embedded Standard 2011 both enable touch and gesture input improving the end user experience for Bsquare customers building point-of-service, medical and industrial devices.
Yucheng Technologies Limited (Nasdaq: YTEC) 14% HIGHER; today announced a joint venture with NTT DATA CORPORATION, a leading provider of IT services and solutions in Japan, that will rapidly develop Yucheng's E-Banking ASP into an unparalleled leader in hosted e-banking for China. Click here to see the full report.
Merix Corp. (NASDAQ: MERX) 13.5% HIGHER; reports Q2 EPS of $0.02, 20 cents better than the analyst estimate of ($0.18). Revenue for the quarter was $71.3 million, which compares to the estimate of $63.40 million.
rightpoint, Inc. (Nasdaq: CELL) 6.8% LOWER; issued Q4 guidance that was below Street expectations. Sees quarterly adj-EPS of $0.13-$0.18, versus the consensus of $0.19. Click here for the full report.
TranSwitch Corporation (NASDAQ: TXCC) 6.7% LOWER; has entered into a common stock purchase agreement with Seaside 88, LP, a private investment limited partnership. Under the terms of the agreement, Seaside has committed to purchase up to 1,950,000 TranSwitch common shares. Seaside will purchase 75,000 shares every two weeks for up to 26 purchases. Today, TranSwitch and Seaside closed the first sale of 75,000 shares for gross proceeds of approximately $120,000.
CombinatoRx, Incorporated (NASDAQ: CRXX) 3.6% HIGHER; filed a lawsuit against Aptuit, Inc., in the Supreme Court for the State of New York, New York County, Commercial Division, bearing Index No. 601327/09. In the Action, CombinatoRx asserted claims against Aptuit for fraudulent inducement, breach of contract, breach of the implied covenant of good faith and fair dealing, and unjust enrichment arising out of Aptuit's manufacture and distribution of CombinatoRx's product candidate Synavive (CRx-102) for a worldwide Phase 2b clinical trial targeting hundreds of subjects with rheumatoid arthritis, the MARS-1 study. On December 29, 2009, CombinatoRx entered into a settlement agreement with Aptuit to settle this lawsuit. Pursuant to the terms of the settlement agreement, Aptuit agreed to pay $3.7 million to CombinatoRx, and the parties agreed to a mutual release of claims and causes of action that were asserted, or that could have been asserted in the Action.
Alon USA Energy, Inc. (NYSE: ALJ) 3.6% LOWER; today announced that it has issued 7,351,051 shares of its common stock in exchange for all of the outstanding shares of preferred stock of its subsidiary, Alon Refining Louisiana, Inc. Alon Louisiana issued the preferred stock to Alon's majority stockholder, Alon Israel Oil Company, Ltd., in 2008 to finance a portion of the purchase price for the Krotz Springs refinery. Under the terms of a stockholders agreement among Alon, Alon Louisiana and Alon Israel, the preferred stock was required to be exchanged for shares of Alon common stock on July 3, 2011 if not previously exchanged as provided in the stockholders agreement. Pursuant to an amendment to the stockholders agreement, the mandatory exchange was accelerated to December 31, 2009.
Hydrogenics Corporation (NASDAQ: HYGS) 2% LOWER; announced today that it has filed a final short form base shelf prospectus with certain Canadian securities regulatory authorities, and a corresponding registration statement on Form F-3 has been declared effective by the U.S. Securities and Exchange Commission. The shelf prospectus will allow Hydrogenics to offer, from time to time, over a 25-month period up to US$16,000,000 of debt, equity or other securities.
Palm, Inc. (Nasdaq: PALM) 1.8% HIGHER; started at Overweight at Morgan Stanley.
II-VI Incorporated (Nasdaq: IIVI) 1% HIGHER; raises its FY10 sales guidance from $264-$274 million to $293-$305 million.
ZST Digital Networks, Inc. (NASDAQ: ZSTN) 1% LOWER; today announced that it has been designated a Key Enterprise by the Zhengzhou Municipal People's Government, primarily in recognition of the Company's successful recent listing on the NASDAQ Global Market. Under the terms of the official designation, ZST received a grant of RMB2.6 million (approximately US$0.4 million) from the Zhengzhou Municipal People's Government.
Research In Motion Ltd. (Nasdaq: RIMM) 1% HIGHER; Morgan Stanley started the stock at Overweight this evening.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
Yucheng Technologies Limited (Nasdaq: YTEC) 14% HIGHER; today announced a joint venture with NTT DATA CORPORATION, a leading provider of IT services and solutions in Japan, that will rapidly develop Yucheng's E-Banking ASP into an unparalleled leader in hosted e-banking for China. Click here to see the full report.
Merix Corp. (NASDAQ: MERX) 13.5% HIGHER; reports Q2 EPS of $0.02, 20 cents better than the analyst estimate of ($0.18). Revenue for the quarter was $71.3 million, which compares to the estimate of $63.40 million.
rightpoint, Inc. (Nasdaq: CELL) 6.8% LOWER; issued Q4 guidance that was below Street expectations. Sees quarterly adj-EPS of $0.13-$0.18, versus the consensus of $0.19. Click here for the full report.
TranSwitch Corporation (NASDAQ: TXCC) 6.7% LOWER; has entered into a common stock purchase agreement with Seaside 88, LP, a private investment limited partnership. Under the terms of the agreement, Seaside has committed to purchase up to 1,950,000 TranSwitch common shares. Seaside will purchase 75,000 shares every two weeks for up to 26 purchases. Today, TranSwitch and Seaside closed the first sale of 75,000 shares for gross proceeds of approximately $120,000.
CombinatoRx, Incorporated (NASDAQ: CRXX) 3.6% HIGHER; filed a lawsuit against Aptuit, Inc., in the Supreme Court for the State of New York, New York County, Commercial Division, bearing Index No. 601327/09. In the Action, CombinatoRx asserted claims against Aptuit for fraudulent inducement, breach of contract, breach of the implied covenant of good faith and fair dealing, and unjust enrichment arising out of Aptuit's manufacture and distribution of CombinatoRx's product candidate Synavive (CRx-102) for a worldwide Phase 2b clinical trial targeting hundreds of subjects with rheumatoid arthritis, the MARS-1 study. On December 29, 2009, CombinatoRx entered into a settlement agreement with Aptuit to settle this lawsuit. Pursuant to the terms of the settlement agreement, Aptuit agreed to pay $3.7 million to CombinatoRx, and the parties agreed to a mutual release of claims and causes of action that were asserted, or that could have been asserted in the Action.
Alon USA Energy, Inc. (NYSE: ALJ) 3.6% LOWER; today announced that it has issued 7,351,051 shares of its common stock in exchange for all of the outstanding shares of preferred stock of its subsidiary, Alon Refining Louisiana, Inc. Alon Louisiana issued the preferred stock to Alon's majority stockholder, Alon Israel Oil Company, Ltd., in 2008 to finance a portion of the purchase price for the Krotz Springs refinery. Under the terms of a stockholders agreement among Alon, Alon Louisiana and Alon Israel, the preferred stock was required to be exchanged for shares of Alon common stock on July 3, 2011 if not previously exchanged as provided in the stockholders agreement. Pursuant to an amendment to the stockholders agreement, the mandatory exchange was accelerated to December 31, 2009.
Hydrogenics Corporation (NASDAQ: HYGS) 2% LOWER; announced today that it has filed a final short form base shelf prospectus with certain Canadian securities regulatory authorities, and a corresponding registration statement on Form F-3 has been declared effective by the U.S. Securities and Exchange Commission. The shelf prospectus will allow Hydrogenics to offer, from time to time, over a 25-month period up to US$16,000,000 of debt, equity or other securities.
Palm, Inc. (Nasdaq: PALM) 1.8% HIGHER; started at Overweight at Morgan Stanley.
II-VI Incorporated (Nasdaq: IIVI) 1% HIGHER; raises its FY10 sales guidance from $264-$274 million to $293-$305 million.
ZST Digital Networks, Inc. (NASDAQ: ZSTN) 1% LOWER; today announced that it has been designated a Key Enterprise by the Zhengzhou Municipal People's Government, primarily in recognition of the Company's successful recent listing on the NASDAQ Global Market. Under the terms of the official designation, ZST received a grant of RMB2.6 million (approximately US$0.4 million) from the Zhengzhou Municipal People's Government.
Research In Motion Ltd. (Nasdaq: RIMM) 1% HIGHER; Morgan Stanley started the stock at Overweight this evening.
To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.
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