StreetInsider.com Pre-Open Movers 07/11

July 11, 2007 9:16 AM EDT

StreetInsider.com Pre-Open Movers:

Boston Communications Group, Inc., (Nasdaq: BCGI) 73% HIGHER; Megasoft Limited and Boston Communications Group announced a definitive agreement for Megasoft Limited to acquire Boston Communications Group, Inc., for $3.60 per share of bcgi common stock, in cash, for an expected aggregate purchase price of approximately $65 million. Shares of BCGI closed at $1.99 on Tuesday.

Vital Images, Inc. (Nasdaq: VTAL) 25% LOWER; announced preliminary second quarter 2007 revenue of approximately $15.1 million to $15.4 million, versus $16.9 million reported in the second quarter of 2006. The second quarter 2007 net loss per share is expected to range from $0.02 to $0.05, compared to net income per diluted share of $0.09 recorded in the second quarter of 2006. (Consensus is $22.51 million and EPS consensus of $0.15 profit). Vital Images revised its forward-looking revenue guidance for the full year ending December 31, 2007, and currently is expecting revenue of approximately $75 million to $80 million, compared with revenue of $70.5 million in 2006. The company\'s prior revenue guidance was $90 million to $95 million. (Consensus is $92.97 million)

Tercica, Inc. (Nasdaq: TRCA) 22% HIGHER; announced an agreement with Genentech, Inc. (NYSE: DNA) for the development, manufacture and worldwide commercialization of two products containing Genentech\'s recombinant human growth hormone Nutropin AQ (somatropin (rDNA origin)) and Tercica\'s recombinant insulin-like growth factor-1 Increlex (mecasermin (rDNA origin) injection) for the treatment of short stature, adult growth hormone deficiency (AGHD), and potentially other metabolic disorders. Nutropin AQ and Increlex were originally designed and formulated so that the therapies could be combined and potentially given as a single, daily injection.

Compuware Corporation (Nasdaq: CPWR) 18% LOWER; expects fiscal 2008 first quarter total revenue of approximately $278 million (based on software license revenues of approximately $47 million, maintenance revenue of approximately $113.5 million, and professional services revenue of approximately $117.5 million) (Consensus is $301.58 million)

Innovo Group Inc. (Nasdaq: INNO) 18% HIGHER; reports Q1 EPS of $0.01 compared to a loss of $0.15 for the same period last year. Revenues were $15.2 million compared to $9.8 million for the same period last year.

Chaparral Steel Company (Nasdaq: CHAP) 10.4% HIGHER; entered into a definitive agreement to be acquired by Gerdau Ameristeel Corporation for $86.00 per share in cash.

Amtech Systems (Nasdaq: ASYS) 10% HIGHER; Announces $4.4 Million Additional New Solar Orders

Sangamo BioSciences, Inc. (Nasdaq: SGMO) 8% HIGHER; Sigma-Aldrich Corporation (Nasdaq: SIAL) and Sangamo BioSciences announced a significant alliance focused on the development of high value laboratory research reagents based upon Sangamo\'s ZFP technology.

Phoenix Footwear Group Inc. (AMEX: PXG) 6.6% HIGHER; Continues today\'s 23.6% move after announces a $99 million DoD contract

Dendreon Corp. (Nasdaq: DNDN) 5% LOWER; received a letter from the New York Regional Office of the SEC dated July 3, 2007, notifying the Company of an informal inquiry related to the Company’s clinical trials for Provenge, the Company’s Biologics License Application for Provenge filed with the U.S. Food and Drug Administration, and the FDA’s review of Provenge and related correspondence to and from the Company, from January 1, 2007 through the present.

Rock-Tenn Co. (NYSE: RKT) 4.6% HIGHER; Deutsche Bank Upgrades Rock-Tenn to Buy

Unilever plc (NYSE: UL) 3.1% HIGHER; Rumors Colgate-Palmolive Co. (NYSE: CL) could buy the company.

Activision Inc. (Nasdaq: ATVI) 1.4% LOWER; JP Morgan Downgrades Activision to Neutral

New Brunswick Scientific Co., Inc. (Nasdaq: NBSC) INDICATED HIGHER; The company and Eppendorf Group have entered into a merger agreement whereby Eppendorf will acquire the outstanding common stock of NBS for $11.50 per share.

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