StreetInsider.com Pre-Open Movers 09/12

September 12, 2007 9:23 AM EDT

StreetInsider.com Pre-Open Movers:

NeoMagic Corp. (Nasdaq: NMGC) 15% LOWER; Announces Delay in Reporting Q2 Fiscal 2008 Results

Cardica, Inc. (Nasdaq: CRDC) 15% HIGHER; received European CE Mark approval for the C-Port Flex A Anastomosis System.

Aluminum Corp of China Ltd (Chalco) (NYSE: ACH) 11% LOWER; Alcoa (NYSE: AA) is planing to sell its entire 22.4% stake in Aluminum Corp of China Ltd (Chalco) for as much as $2.08 billion, according to a term sheet.

NPS Pharmaceuticals (Nasdaq: NPSP) 9% HIGHER; Oppenheimer starts coverage at Buy

UTStarcom, Inc. (Nasdaq: UTSI) 9% HIGHER; announced a multi-year, multi-million dollar contract with Bell & Tell, Pvt. Ltd., to offer bundled voice and data services in Pakistan using UTStarcom\'s Gigabit Ethernet Passive Optical Network (GEPON) and VoIP technologies.

Authentidate Holding Corp. (Nasdaq: ADAT) 8.5% HIGHER; announced that it is engaged in negotiations concerning a potential business combination between the Company and a private company.

Taylor Devices Inc. (Nasdaq: TAYD) 7% HIGHER; Two powerful earthquakes reported in Indonesia. Tsunami alert issued

Molina Healthcare, Inc. (NYSE: MOH) 4.8% HIGHER; is revising its guidance for fiscal year 2007. The Company now expects earnings per diluted share for the year ending December 31, 2007, to be in the range of $1.85 to $1.95. The Company had previously issued an EPS guidance range for fiscal year 2007 of $1.75 to $1.90 per share. (Consensus is $1.87). The company\'s previous revenue guidance was $2.4 billion (Consensus is $2.47 billion)

H&R Block, Inc. (NYSE: HRB) 3.7% LOWER; committed to staff reductions under a plan of termination that will eliminate approximately 575 positions in addition to the 615 positions announced on May 15, 2007 at its Option One Mortgage unit.

Jos. A Bank Clothiers Inc. (Nasdaq: JOSB) 3% HIGHER; reports Q2 EPS of $0.44, 2 cents better than estimates. Revenues came in at $134.3 million versus the consensus of $135.1 million.

American Eagle Outfitters (NYSE: AEO) 3% LOWER; Merrill Lynch downgrades the stock from Neutral to Sell

First Solar, Inc. (Nasdaq: FSLR) 2.85% HIGHER; Goldman Sachs starts First Solar (FSLR) at Buy, $125 price target.

Texas Instruments (NYSE: TXN) 2% LOWER; sees Q3 revenue between $3.56 billion and $3.72 billion, compared with the prior range of $3.49 billion to $3.79 billion. The consensus is $3.66 billion. The company expects EPS from continuing operations between $0.49 and $0.53, compared with the previous range of $0.46 to $0.52. The consensus is $0.49. The revised EPS range includes about $0.02 from the gain on the sale of TI\'s semiconductor product line associated with DSL customer-premises equipment. The sale closed in July.

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