Pre-Open Movers 9/22: Morgan Stanley (MS) Up On Bank Holding Co News And Possible Deal With Mitsubishi UFJ; Secure Computing (SCUR) Up On Buyout

September 22, 2008 9:31 AM EDT

StreetInsider.com Pre-Open Movers:

Secure Computing (Nasdaq: SCUR) 23% HIGHER; McAfee, Inc. (NYSE: MFE) announced the execution of a definitive merger agreement to acquire Secure Computing for $5.75 per common share in cash, without interest, representing an equity value for Secure Computing's common stock of approximately $413 million in the aggregate.

Morgan Stanley (NYSE: MS) 13% HIGHER; To become bank holding company. In addition, Mitsubishi UFJ in talks to buy up to 20% of Morgan.

Hoku Scientific, Inc. (Nasdaq: HOKU) 12% HIGHER; Secures Power for 4,000 Metric Tons of Polysilicon Production

Barclays plc (NYSE: BCS) 9% LOWER; downgraded by JP Morgan

CIENA Corp. (Nasdaq: CIEN) 5% HIGHER; Positive Barron's article

Wachovia Corporation (NYSE: WB) 5% LOWER; Merger or other deal with Morgan Stanley looks unlikely.

Microsoft Corp. (Nasdaq: MSFT) 5% HIGHER; announced that its Board approved a new share repurchase program authorizing up to an additional $40 billion in share repurchases with an expiration of September 30, 2013. The Board also declared a quarterly dividend of $0.13 per share, reflecting a 2c or 18% increase over the previous quarter's dividend of $0.11. The dividend is payable December 11, 2008 to shareholders of record on November 20, 2008. The ex-dividend date will be November 18, 2008.

Pioneer Natural Resources Co. (NYSE: PXD) 3% HIGHER; To replace Safeco in the S&P MidCap 400

Goldman Sachs (NYSE: GS) 2.5% HIGHER; To become bank holding company

Nike (NYSE: NKE) 2% HIGHER; announces new $5 billion buyback


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SCUR 5.75

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WB 5.54

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