Unusual 11 Mid-Day Movers 2/1: Yahoo! (YHOO) Up On Msft Offer, Avid Technology (AVID) Sinks On Results/Downgrade

February 1, 2008 1:09 PM EST

StreetInsider.com Unusual 11 Mid-Day Movers:

Yahoo! Inc. (Nasdaq: YHOO) 50% HIGHER; Microsoft Corp. (Nasdaq: MSFT) made a proposal to the Yahoo! Board of Directors to acquire all the outstanding shares of Yahoo! common stock for per share consideration of $31 representing a total equity value of approximately $44.6 billion.

Infinera Corp. (Nasdaq: INFN) 31% HIGHER; reported Q4 GAAP loss of $0.04 (non-GAAP EPS of $0.17) versus the analyst estimate of $0.02 - may not be comparable. Revenues for the quarter were $76.1 million (Non-GAAP revenue of $93.4 million) versus the consensus of $85.40 million.

CSK Auto Corporation (NYSE: CAO) 30% HIGHER; O'Reilly Automotive, Inc. (NASDAQ: ORLY) announced today that it is proposing to acquire all of the outstanding shares of CSK Auto Corporation common stock for $8.00 per share in cash.

Avid Technology, Inc. (Nasdaq: AVID) 27% LOWER; reported Q4 EPS of $0.42, 9 cents lower than the analyst estimate of $0.51. Revenues for the quarter were $258.5 million, versus the consensus of $247.78 million. Kaufman Bros downgrades to Sell

Starent Networks Corporation (Nasdaq: STAR) 25% HIGHER; reported Q4 EPS of $0.06, 3 cents better than the analyst estimate of $0.03. Revenues for the quarter were $50.6 million, versus the consensus of $43.11 million.

Actuate Corporation (Nasdaq: ACTU) 25% LOWER; reported Q4 non-GAAP EPS of $0.11, 1 cent better than the analyst estimate of $0.10. Revenues for the quarter were $39.2 million, versus the consensus of $38.38 million

Intuitive Surgical (Nasdaq: ISRG) 18% HIGHER; reported Q4 EPS of $1.24, 20 cents better than the analyst estimate of $1.04. Revenues for the quarter were $189.4 million, versus the consensus of $175.90 million.

Digital River, Inc. (Nasdaq: DRIV) 18% LOWER; reported Q4 EPS of $0.53, in-line with the analyst estimate of $0.53. Revenues for the quarter were $96.9 million, versus the consensus of $95.84 million. Sees FY08 EPS of $1.88, versus the consensus of $1.87.

3PAR Inc. (NYSE: PAR) 17% HIGHER; Revenue for the third fiscal quarter was $30.8 million, an increase of 51% from last year. Non-GAAP net loss of $0.02 per share.

Ambac (NYSE: ABK) 16% HIGHER; CNBC is reporting that eight banks have formed a consortium to seek bond insurer rescue plan.

Google (Nasdaq: GOOG) 8.7% LOWER; reported Q4 EPS of $4.43, 2 cents lower than the analyst estimate of $4.45. Revenues for the quarter were $3.39 billion, versus the consensus of $3.45 billion.

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