StreetInsider.com Unusual 11 Mid-Day Movers 06/05/2007

June 5, 2007 11:41 AM EDT

Verticalnet Inc. (Nasdaq: VERT) 38% HIGHER; Stock spikes again today with no significant news reports. (NOTE - Stock Trades Under $1 Per Share)

Telik Inc. (Nasdaq: TELK) 29.2% LOWER; Said the FDA has placed a clinical hold on the Investigational New Drug application for TELCYTA. The clinical hold was initiated by FDA following the presentation of TELCYTA Phase 3 clinical trial results at the annual meeting of the American Society of Clinical Oncology.

Sutron Corporation (NASDAQ: STRN) 21.6% HIGHER; Company received bookings (customer orders and contracts) in May totaling $9,323,764 to provide services, equipment, and systems for a variety of water and weather monitoring projects throughout the world. With a 2006 backlog of approximately $4,233,000 to be shipped, plus Sutron's first quarter bookings of $3,061,907, April bookings of $2,377,835 and May bookings $9,323,764, Sutron has accumulated a record $18,996,506 of revenue and backlog during the first five months of 2007.

Senomyx, Inc. (Nasdaq: SNMX) 18.7% HIGHER; Company announced that Nestle SA has begun the initial commercial introduction of the first food products that contain Senomyx's savory flavor ingredients. Under the terms of its agreement with Nestle, Senomyx will receive royalty payments based on sales of products containing its flavor ingredients.

Openwave Systems (Nasdaq: OPWV) 16% LOWER; announced that its Board of Directors rejected the unsolicited partial tender offer from Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. to purchase 40,389,560 shares of Openwave common stock, or approximately 49% of the Company's outstanding shares, for $8.30 per share in cash.

Cache Inc. (NASDAQ: CACH) 10% LOWER; Reports comparable store sales (sales for stores open at least one year or more) decreased 2% during the four-week May 2007 period. Diluted earnings per share for the second quarter of fiscal 2007 are currently estimated in the range of $0.06 to $0.08 as compared to the Company's previous guidance range of $0.20 to $0.24 per diluted share. (Consensus is $0.10) For the full fiscal 2007 year, the Company currently estimates net sales in the range of $267 million to $273 million vs. consensus of $287.35 million. Diluted earnings per share for the full fiscal 2007 year are estimated in the range of $0.47 to $0.49 as compared to the Company's previous earnings guidance range of $0.75 to $0.80 per diluted. (Consensus is $0.74)

Financial Federal Corp. (NYSE: FIF) 7% HIGHER; Reports Q3 EPS of $0.48, 2 cents better than estimates. Company declares quarterly dividend and $50 million stock buyback. This morning, Piper Jaffray Upgrades Financial Federal to Outperform.

Feldman Mall Properties (NYSE: FMP) 6.8% HIGHER; Company retained Friedman, Billings, Ramsey & Co., Inc. to assist the Company in exploring strategic alternatives in order to enhance shareholder value.

HomeBanc Corp. (NYSE: HMB) 6.7% LOWER; Stock moving down with no significant news releases.

Cummins Inc. (NYSE: CMI) 6.3% HIGHER; Stock seeing continued momentum. CMI has gained over 40% in the past 3 months. CNBC analyst, Jim Cramer has made several positive comments on the stock as well as several other analysts.

Big Lots Inc. (NYSE: BIG) 3% LOWER; Stock may be falling in sympathy with Bed, Bath and Beyond.

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