StreetInsider.com Pre-Open Movers 05/04

May 4, 2007 9:18 AM EDT

StreetInsider.com Pre-Open Movers:

21st Century Holding Company (Nasdaq: TCHC) 42% LOWER; reported Q1 EPS of $0.11, but said, "However, after considering significant factors that are expected to impact our earnings for calendar year 2007, annual Company guidance is hereby amended from $4.50 per share to $2.00 to $2.50 per share."

Reuters Group PLC (Nasdaq: RTRSY) 26% HIGHER; confirms it has received a preliminary approach from a third party which may or may not lead to an offer being made for Reuters.

Crocs (Nasdaq: CROX) 16.4% HIGHER; reports Q1 EPS of $0.61, 12 cents better than estimates.(0.49) Revenues were $142 million vs. $113.91 million consensus. Sees Q2 EPS between $0.80-0.85 vs. consensus of $0.63. Sees FY EPS between $2.90-2.95 vs. consensus of $2.42. Company declares 2-for-1 stock split.

Yahoo! (Nasdaq: YHOO) 16% HIGHER; According to reports from the New York Post, Microsoft (Nasdaq: MSFT) has intensified its pursuit of a deal with Yahoo! (Nasdaq: YHOO) and is looking to re-enter formal negotiations to buy the company. The paper said this is the latest attempt by Microsoft to buy Yahoo!, suggesting the software giant's past overtures were spurned by Yahoo!. Sources see Yahoo! worth $50 billion in a deal.

Jones Soda (Nasdaq: JSDA) 15% LOWER; reports Q1 EPS of $0.00, 3 cents worse than estimates.(0.03) Revenues were $9.2 million vs. $13.17 million consensus.

On2 Technologies, Inc. (Amex: ONT) 15% HIGHER; Q1 Revenue increased 131% to $2,815,000. Net loss was $721,000 as compared with $1,179,000 for the three months ending March 31, 2007 and 2006, respectively.

Bigband Networks (Nasdaq: BBND) 14% LOWER; reports Q1 non-GAAP EPS of $0.09 (GAAP EPS was $0.05 loss) vs. consenus of $0.03. Revenues were $52.8 million, up 62% over the same quarter in the prior year Sees Q2 revenues between $52-56 million and GAAP EPS between $0.02-0.06 (non-GAAP EPS between $0.06-0.10) (EPS Consensus is $.07) Sees FY revenues between $$225-$230 million and GAAP EPS between $0.06-0.11 (non-GAAP EPS between $0.30-0.35). (EPS Consensus is $0.30)

Cray (Nasdaq: CRAY) 12% LOWER; reports a Q1 loss of $0.03, 1 cent worse than estimates.(-.02) Revenues were $47.1 million vs. $48.25 million consensus. Sees FY revenues of about $230 million vs. consensus of $248.3 million.

Blackbaud (Nasdaq: BLKB) 11% LOWER; reports Q1 non-GAAP EPS of $0.16, in-line with estimates.(0.16) Revenues were $55.3 million vs. $53.59 million consensus. Citigroup upgrades

NovaStar Financial (NYSE: NFI) 9% HIGHER; entered into a commitment letter setting forth the terms of a commitment for a $1.9 billion comprehensive financing facility arranged by Wachovia Capital Markets, LLC and certain of its affiliates.

Westwood One (NYSE: WON) 9% HIGHER; The NY Post reports the company hired UBS (NYSE: UBS) as an advisor to help identify potential buyers as the company prepares to put itself up for sale.

Priceline.com Incorporated (Nasdaq: PCLN) 7% HIGHER; agreed to settle the securities class action litigation. Raises guidance. Sees Q1 pro forma EPS of $0.43 per diluted, versus the Company's prior range of pro forma guidance of between $0.22 and $0.28 per diluted share. The consensus is $0.28. Also increasing full-year 2007 pro forma financial guidance and is now targeting full-year 2007 pro forma net income of approximately $2.90 to $3.10 per diluted share. This compares to the Company's prior range of full-year 2007 pro forma net income guidance of between $2.60 and $2.90 per diluted share. The consensus is $2.85.

Centillium (Nasdaq: CTLM) 6.8% HIGHER; reports a Q1 loss of $0.13, 1 cent better than estimates.(-.14) Revenues were $10.6 million vs. $10.73 million consensus.

First Solar (Nasdaq: FSLR) 6.5% HIGHER; reports Q EPS of $0.07, 7 cents better than estimates.(0.00) Revenues were $66.9 million vs. $52.81 million consensus.

SigmaTel (Nasdaq: SGTL) 6% HIGHER; reports a Q1 loss of $0.41, 7 cents better than estimates.(-.48) Revenues were $22 million vs. $19.60 million consensus. Sees Q2 revs between $24-28 million vs. $22.9 million consensus. Sees Q2 loss between $0.30-0.36 vs. consensus for $0.39 loss.

Shutterfly (Nasdaq: SFLY) 6% HIGHER; reports a Q1 loss of $0.04, 5 cents better than estimates.(-.09) Revenues were $26.7 million vs. $23.62 million consensus. Sees Q2 revs between $26-27 million vs. $24.4 million consensus. Sees FY revs between $163-168 million vs. $163.5 million consensus.

Universal Electronics (Nasdaq: UEIC) 5.3% HIGHER; reports Q1 EPS of $0.31, 4 cents better than estimates.(0.27) Revenues were $66 million vs. $63.38 million consensus. Sees Q2 EPS between $0.28-0.32 vs. $0.24 consensus. Sees FY EPS between $1.25-1.35 vs. $1.20 consensus.

PetroChina Co. Ltd. (NYSE: PTR) 5% HIGHER; announced that it has discovered a large oilfield with geological oil reserves reaching 1,020 million tonnes (about 7.3 billion barrels) at the region of Jidong tidal and shallow water areas of Bohai Bay - Jidong Nanpu Oilfield.

EasyLink Services Corporation (Nasdaq: EASY) 5% HIGHER; Internet Commerce Corporation (Nasdaq: ICCA) and EasyLink announced a definitive agreement for ICC to acquire EasyLink. Under the terms of the agreement, ICC will pay $5.80 per share in cash for all of the outstanding shares of EasyLink, for an aggregate transaction value of approximately $67 million.

Dendreon Corp. (Nasdaq: DNDN) 5% HIGHER; continued momentum ahead of May 15 FDA meeting.

QLogic (Nasdaq: QLGC) 5% LOWER; reports Q4 EPS of $0.22, 1 cent worse than estimates.(0.23) Revenues were $147.1 million vs. $150.85 million consensus.

Sears Holdings (Nasdaq: SHLD) 5% LOWER; sees Q1 EPS of $1.30 and $1.53, which includes a gain of $0.27, versus the consensus of $1.46. Kmart comparable store sales decreased by 4.7%, primarily due to lower transaction volumes across most businesses. Sears domestic comparable store sales declined by 2.4%, primarily reflecting a reduction in home appliances sales, which the Company believes reflects a slower U.S. housing market and increased competition, partially offset by an improvement in children's apparel sales.

Union Drilling (Nasdaq: UDRL) 4.5% LOWER; reports Q1 EPS of $0.39, 9 cents worse than estimates.(0.48) Revenues were $70.5 million vs. $74.25 million consensus.

Bebe Stores, Inc. (Nasdaq: BEBE) 4% LOWER; Reports Q3 results. Sees Q4 EPS of $0.17-$0.21, versus the consensus of $0.25.

Digital River Inc. (NASDAQ: DRIV) 2.4% HIGHER; will replace OSI Restaurant Partners, Inc. (NYSE: OSI) in the S&P MidCap 400 after the close of trading on a date to be announced. OSI Restaurant Partners is being acquired by an investor group comprised of Bain Capital Partners LLC, Catterton Partners, and OSI Restaurant founders in a deal that is still pending final approvals.

Glenayre Technologies, Inc. (Nasdaq: GEMS) INDICATED HIGHER; Dan Loeb's Third Point LLC disclosed a 6.3% stake (4.4 million shares) in the company. The firm believes the stock is materially undervalued and said the best outcome for shareholders would be for management and the Company's board of directors to immediately abandon their strategy to build the Company through acquisitions and a "digital business plan" and to promptly commence an auction to sell the Company.

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