After-Hours Movers 12/01: SNTS, ABCW, RAME, GAME Higher; HEB, SWS, RGNC, LTXC Lower

December 1, 2009 5:41 PM EST

Hemispherx BioPharma (AMEX: HEB) 45% LOWER; smashed as FDA recommends another Ampligen study. Says can't approve application in its present form. Click here for the full report.

Santarus Inc. (Nasdaq: SNTS) 26.5% HIGHER; trading higher ahead of a presentation tomorrow by CEO Gerald Proehl at the Piper Jaffray 21st Annual Health Care Conference at 12:30 p.m. ET. Also announced that the U.S. FDA has approved Schering-Plough HealthCare Products NDA for ZEGERID OTC(TM) Capsules (omeprazole/sodium bicarbonate) with a dosage strength of 20 mg of omeprazole for OTC treatment of frequent heartburn.

Anchor BanCorp Wisconsin Inc. (Nasdaq: ABCW) 26% HIGHER; today announced that it has entered into agreements with Badger Anchor Holdings, LLC, pursuant to which Badger Holdings will make up to a $400 million investment in Anchor. Click here to see the full report.

RAM Energy Resources, Inc. (NASDAQ: RAME) 8% HIGHER; announced that it will be filing an amendment to the company's annual report on Form 10-K for the year ended December 31, 2008 and simultaneously will be filing amendments to its quarterly reports on Form 10-Q for the periods ended March 31, June 30 and September 30, 2009, primarily to restate impairment expense, depreciation and amortization expense, and related provision for income tax benefit, all as reflected in the financial statements for those periods as originally issued. Click here for the full report.

SWS Group, Inc. (NYSE: SWS) 6.2% LOWER; announced today that it has commenced an underwritten public offering of 4,100,000 shares of its common stock. The underwriters will be granted a 30-day option to purchase up to an additional 615,000 shares of common stock from the Company to cover over-allotments, if any. The Company intends to use the net proceeds for general corporate purposes and to support continued growth or selective opportunistic acquisitions. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

Regency Energy Partners LP (Nasdaq: RGNC) 5.6% LOWER; announced today the commencement of an underwritten public offering of up to 10,000,000 common units representing limited partner interests in Regency pursuant to an effective shelf registration statement on Form S-3. In connection with the offering, Regency has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common units. Regency intends to use the net proceeds from this offering to repay outstanding indebtedness under its revolving credit facility. The common units are listed on the NASDAQ Global Select Market under the symbol "RGNC."

Shanda Games (Nasdaq: GAME) 4.8% HIGHER; reports Q3 EPS of $0.24. Revenue for the quarter was $186.3 million.

American Technology Corporation (NASDAQ: ATCO) 4.1% HIGHER; reports Q3 loss of $0.03, versus the analyst estimate of $0.00. Revenue for the quarter was $15.8 million, which compares to $11.19 million reported for Q308. Reports 2009 revenues of $15.8 million vs. consensus of $16.87 million.

PDL BioPharma, Inc. (Nasdaq: PDLI) 3% HIGHER; announced revenue guidance for the fourth quarter ended December 31, 2009 of approximately $57 million, as compared with $69 million for the fourth quarter of 2008. (Current consensus is $60.61M)

LTX-Credence Corporation (NASDAQ: LTXC) 3% LOWER; reports Q1 non-GAAP loss of $0.01, 2 cents better than the analyst estimate of ($0.03). Revenue for the quarter was $41.9 million, which compares to the estimate of $43.50 million. Sees Q210 revs of $45 - $48 million, versus $49.20 million consensus. Also sees non-GAAP EPS of $0.00 - $0.02, versus ($0.01) consensus.

Culp Inc. (NYSE: CFI) 2% HIGHER; reports Q2 EPS of $0.22, versus the analyst estimate of $0.16. Revenue for the quarter was $49.7 million, which compares to the estimate of $49.50 million.

TeleCommunication Systems, Inc. (NASDAQ: TSYS) 1.6% LOWER; has entered into a definitive merger agreement to acquire Networks In Motion, Inc., a privately held provider of wireless navigation solutions for GPS-enabled mobile phones headquartered in Aliso Viejo, California, for an aggregate of $170 million. The merger consideration will be paid in a combination of cash, TCS common stock and promissory notes. Networks In Motion's Board of Directors has unanimously adopted the merger agreement and recommended its approval by Networks In Motion's stockholders.

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