Pre-Open Movers: JP Morgan (JPM) Higher On Better-Than-Expected Results; ValueClick (VCLK) Sinks On Lower Guidance Jul 17, 2008 09:30AM

StreetInsider.com Pre-Open Movers:

Catalyst Semiconductor, Inc. (Nasdaq: CATS) 45% HIGHER; ON Semiconductor Corporation (Nasdaq: ONNN) and Catalyst Semiconductor signed a definitive merger agreement providing for the acquisition of Catalyst Semiconductor by ON Semiconductor in an all-stock transaction in which Catalyst shareholders will receive 0.706 shares of ON Semiconductor common stock for each share of Catalyst common stock they own.

ValueClick, Inc. (Nasdaq: VCLK) 17% LOWER; lowers guidance. Sees Q2 revenue between $163 and $164 million compared to the Company’s prior guidance range of $166 to $170 million. Sees Q2 EPS between $0.17 and $0.18 compared to the Company’s prior guidance range of $0.15 to $0.16. ValueClick also adjusted FY EPS lower. Sees FY08 revenues between $655-$675 million, versus prior view of $730-$745 million. Sees FY08 EPS of $0.69-$0.71, versus prior view of $0.81-$0.83.

Barr Pharmaceuticals Inc. (NYSE: BRL) 15% HIGHER; Reports from Globes Online that Teva Pharmaceutical (Nasdaq: TEVA) is ...