StreetInsider.com Pre-Open Movers 09/19

September 19, 2006 9:30 AM EDT

StreetInsider.com Pre-Open Movers:

Napster (Nasdaq: NAPS) 18% HIGHER; announced today that in response to recent third party interest in establishing strategic partnerships or potentially acquiring the company, it has retained UBS Investment Bank to assist the Board and management in its evaluation of strategic alternatives.

Cell Therapeutics Inc. (Nasdaq: CTIC) 17% LOWER; selling 23.1 million shares at $1.73 per share. The stock closed at $2.08 Monday

Imclone Systems Inc. (Nasdaq: IMCL) 9.5% LOWER; Loses patent ruling to Yeda Research

Foxhollow Technologies Inc. (Nasdaq: FOXH) 6.6% LOWER; research agreement with Merck & Co (NYSE: MRK) terminated recently. Company in negotiations with Merck regarding the renewal and extension of the collaboration.

FactSet (NYSE: FDS) 5% HIGHER; reports Q4 earnings of $0.43 per share, ex-benefit, 1 cent better than estimates. Revenues came in at $105.2 million versus the consensus of $103.9 million. Sees Q1 revenues of of $106-$109 million versus the consensus of $105.8 million.

Maxim Integrated Products, Inc. (NASDAQ: MXIM) 4.7% LOWER; expects first quarter revenues for fiscal 2007 to be flat to down 3% compared to revenues of the fourth quarter of fiscal 2006 and GAAP earnings to be $0.32 - $0.34 per share excluding one time charges. Current consensus is $0.38 for Q1 EPS.

Sonus Networks, Inc. (Nasdaq: SONS) 4% HIGHER; Cable and Wireless International Selects Sonus Networks for End-To-End IP-Voice Network

Cheesecake Factory Inc. (Nasdaq: CAKE) 3% LOWER; JP Morgan downgrade

Target Corp. (NYSE: TGT) 2% HIGHER; sees September sales up around 5% versus its prior view of 3%-5%

Akamai Technologies Inc. (Nasdaq: AKAM) 2% LOWER; Piper Jaffray downgrade

Micron Technology Inc. (NYSE: MU) 2% LOWER; Citigroup downgrade

Con-Way, Inc. (NYSE: CNW) 1.8% LOWER; announced that third-quarter earnings from continuing operations are expected to be between $1.10 and $1.15 per diluted share. Current consensus is $1.24.

Research In Motion Ltd. (Nasdaq: RIMM) 1.5% HIGHER; Needham upgrade

Motorola Inc. (NYSE: MOT) 0.7% LOWER; Motorola, Inc. and Symbol Technologies (NYSE: SBL) signed a definitive merger agreement, under which Motorola has agreed to acquire all of the outstanding shares of Symbol for $15 per share in cash. The transaction has a total equity value of approximately $3.9 billion on a fully-diluted basis.

hi/fn Inc. (Nasdaq: HIFN) INDICATED LOWER; expects revenues for its fourth quarter of fiscal year 2006, ending September 30, 2006, to fall short of expectations by approximately 20%.

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