StreetInsider.com Pre-Open Movers 09/07

September 7, 2007 9:21 AM EDT

StreetInsider.com Pre-Open Movers:

Hollis-Eden (Nasdaq: HEPH) 18% HIGHER; HE3235 significantly inhibited the incidence of new tumors and stopped the growth of existing tumors in a preclinical model of breast cancer. Updated data presented at this conference indicate that existing tumors in the HE3235-treated animals from this preclinical model had still not progressed and no new tumors were reported during the five weeks of observation after dosing stopped.

KNBT Bancorp (Nasdaq: KNBT) 15% HIGHER; National Penn Bancshares, Inc., (Nasdaq: NPBC) and KNBT Bancorp signed a definitive agreement to merge, creating the 5th largest Pennsylvania-based bank holding company based on total assets. Each share of KNBT common stock will be exchanged for 1.00 shares of National Penn common stock, which will be increased to 1.03 shares of National Penn common stock following a 3% stock dividend to be paid by National Penn on September 28, 2007.

POZEN Inc. (NASDAQ: POZN) 10% HIGHER; POZEN and AstraZeneca (NYSE: AZN) announced the start of the Phase III program for PN 400, a fixed dose combination of the proton pump inhibitor, esomeprazole magnesium, with the non-steroidal anti-inflammatory drug naproxen, in a single tablet. An NDA is targeted for the first half of 2009, subject to the pace of enrollment in the pivotal trials. POZEN will receive an immediate $30 million payment and up to $345 million.

Harley-Davidson, Inc. (NYSE: HOG) 7.3% LOWER; expects to ship between 86,000 and 88,000 Harley-Davidson motorcycles in the third quarter of 2007, versus its original goal of between 91,000 units and 95,000 units. The Company now expects a modest decline in revenue for 2007. Diluted earnings per share (EPS) for the full year 2007 are expected to be down 4 to 6 percent, in the range of $3.69 - $3.77, compared to 2006 EPS of $3.93. The Wall Street consensus is $4.12.

Beazer Homes USA Inc. (NYSE: BZH) 6% LOWER; Receives Purported Notices of Default, Which Co Says is Without Merit

Office Depot, Inc. (NYSE: ODP) 4% LOWER; Reduced its planned store openings for 2007 to 100 from 125. The stock dropped 6.4% mid-day on the news and is extending losses after hours.

Wyeth (NYSE: WYE) 4% LOWER; Citigroup lowers to to Hold

Meridian Gold Inc. (NYSE: MDG) 3.3% LOWER; announced that the third parties with whom the Company has been having discussions have informed the Company that they do not intend to make proposals relating to an acquisition of Meridian Gold pursuant to the Board of Directors\' previously announced value-maximizing process.

Smith & Wesson Holding Corp. (Nasdaq: SWHC) 3% HIGHER; reports Q1 EPS of $0.11, 2 cents better than estimates. Revenues came in at $74.4 million versus the consensus of $71.86 million. Sees 2008 revenues of about $330 million versus the consensus of $333.97 million. Now sees FY08 EPS of $0.63, versus the consensus of $0.63.

Cabela\'s Inc. (NYSE: CAB) 2.5% HIGHER; will replace eFunds Corp. (NYSE: EFD) in the S&P SmallCap 600

Hovnanian Enterprises, Inc. (NYSE: HOV) 2% HIGHER; reports a Q3 loss of $1.27, 28 cents worse than estimates. Revenues were $1.13 billion vs. $1.13 billlion consensus. Mr. Hovnanian said, "We expect the current challenging environment to persist through most of 2008. However, we have confidence in our long-term strategies to position our Company for the time when markets begin to stabilize and then subsequently show signs of recovery."

Bear Stearns Companies Inc. (NYSE: BSC) 1.8% LOWER; Banc of America downgraded the stock from Buy to Neutral.

VeriFone Holdings Inc. (NYSE: PAY) 1% HIGHER; reports Q3 adj-EPS of $0.42, 2 cents better than estimates. Revenues came in at $232 million versus the consensus of $226.8 million. Sees Q4 revenue of $231 - $233 million and EPS of $0.41 - $0.42, versus the consensus of $235.3 million and $0.41. Sees FY EPS of $1.59 to $1.60 per share, versus the consensus of $1.56.

The Cooper Companies Inc. (NYSE: COO) 1% LOWER; reports Q3 EPS of $0.76 (ex-items) vs. consensus of $0.70. Revenues were $251.9 million vs. $244.9 million consensus. For the year, Non-GAAP EPS is expected to be in the range of $2.60 to $2.90, which excludes estimated share-based compensation expense of 33 cents to 35 cents per share and other specific items considered unrelated to core operating performance. Previous non-GAAP guidance was $2.90 to $3.05.

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