Pre-Open Movers 2/11: Hypercom (HYC), Possis Medical (POSS) Higher on Takeover Offers; Builders FirstSource (BLDR) Down on Guidance

February 11, 2008 9:23 AM EST

StreetInsider.com Pre-Open Movers:

Hypercom Corporation (NYSE: HYC) 39% HIGHER; Ingenico announced that it has sent a letter to the Board of Directors of Hypercom offering to acquire all of the outstanding shares of Hypercom for $6.25 per share in cash.

Possis Medical, Inc. (Nasdaq: POSS) 34% HIGHER; Bayer HealthCare affiliate MEDRAD, Inc. and Possis Medical, Inc. entered into a definitive merger agreement pursuant to which MEDRAD will acquire Possis Medical in a cash tender offer for $19.50 per share, or a total equity value of approximately $361 million.

NeuroMetrix (Nasdaq: NURO) 20% LOWER; Stanford Group downgrades NeuroMetrix from Buy to Hold. Price target $10.

Builders FirstSource, Inc. (Nasdaq: BLDR) 10% LOWER; expects to report a fourth quarter net loss in the range of $0.55 to $0.60 per fully diluted share, which includes charges and does not compare to the consensus of a $0.13 loss. The company sees revenues of approximately $300 million, versus the consensus of $346.2 million.

TASER International, Inc. (Nasdaq: TASR) 8% HIGHER; said it received a significant order from the interior ministry of a foreign country to equip law enforcement officers within that country with a total of 3,000 ADVANCED TASER M26 ECDs and related accessories.

OraSure Technologies, Inc. (Nasdaq: OSUR) 7% HIGHER; Schering-Plough Corporation (NYSE: SGP) and OraSure Technologies announced an agreement to collaborate on the development and promotion of a rapid oral hepatitis C virus (HCV) test utilizing OraSure Technologies' OraQuick technology platform on a worldwide basis outside the United States.

INX Inc. (Nasdaq: INXI) 6% LOWER; expects Q4 revenues of approximately $57 million, below the Wall Street consensus of $62 million.

SunPower Corporation (Nasdaq: SPWR) 5.5% HIGHER; Positive mention in Barron's

Allegheny Technologies Inc. (NYSE: ATI) 3% HIGHER; Goldman upgrades to Buy

Level 3 Communications Inc. (Nasdaq: LVLT) 2.7% LOWER; Credit Suisse downgrades Level 3 from Outperform to Neutral.

Apple Inc (Nasdaq: AAPL) 2% HIGHER; Citi reiterates a 'Buy' rating on Apple and adds the stock to the 'Top Picks' list. Price target $212.

Glaxosmithkline plc (NYSE: GSK) 2% HIGHER; UBS upgrades GlaxoSmithKline from Neutral to Buy.

Yahoo! Inc. (Nasdaq: YHOO) 2% HIGHER; Rejects Microsoft's $45B bid.

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