Citi

Harvest Energy Trust (NYSE: HTE) 31.7% HIGHER; late last night announced that it has entered into an agreement with Korea National Oil Corporation for the purchase of all the issued and outstanding trust units at a price of C$10.00 per Unit for a total cash consideration of approximately C$1.8 billion plus the assumption of C$2.3 billion of debt. The stock was also upgraded at UBS, Citi and RBC Capital.

Switch & Data Facilities Company, Inc. (Nasdaq: SDXC) 27.6% HIGHER; Equinix, Inc. (Nasdaq: EQIX) and Switch & Data have entered a definitive agreement for Equinix to acquire Switch and Data in a transaction valued at approximately $689 million in cash and stock, based on yesterday's market close.

TriQuint Semiconductor (NASDAQ: TQNT) 25.2% LOWER; reports Q3 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter was $173 million, which compares to the estimate of $176.60 ...

Sequenom (Nasdaq: SQNM) 67.6% LOWER; announces delay in launch of SEQureDx Trisomy 21 test. Click here for the full report.

I-many, Inc. (Nasdaq: IMNY) 21.9% HIGHER; reports Q1 EPS of $0.02, 3 cents better than the analyst estimate of ($0.01). Revenue for the quarter was $9.9 million, versus the consensus of $8.5 million.

Green Mountain Coffee Roasters, Inc. (Nasdaq: GMCR) 19% HIGHER; reports Q1 EPS of $0.50, versus the analyst estimate of $0.36. Revenue for the quarter was $193.4 million, versus the consensus of $178.14 million. Sees FY09 EPS of $1.25-$1.35, versus the consensus of $1.31.

Skechers USA Inc. (NYSE: SKX) 18.8% HIGHER; reports Q1 EPS of $0.18, versus the analyst estimate of ($0.09). Revenue for the quarter was $343.5 million, versus the consensus of $333.03 million.

First Solar, Inc. (Nasdaq: FSLR) 15.7% HIGHER; reports Q1 EPS of $1.99, versus the analyst estimate of $1.51. Revenue ...

Fifth Third Bancorp (Nasdaq: FITB) 41.5% HIGHER; financial stocks are rallying this morning in anticipation of an expected announcement on Monday from Treasury Secretary Tim Geithner related to the stimulus plan.

Sterling Financial (Nasdaq: STSA) 37.6% HIGHER; see Fifth Third

Talbots (NYSE: TLB) 32.9% HIGHER; news of a new $200 million term loan facility, cost cuts, and ...

StreetInsider.com Morning Movers:
Skyworks (Nasdaq: SWKS) 28% HIGHER; reports Q1 EPS of $0.17, ex-items, 2 cents better than the analyst estimate of $0.15. Revenue for the quarter was $210.2 million, versus the consensus of $211.16 million. Sees Q2 EPS of $0.10-$0.11, versus the consensus of $0.10 and sales down 20% sequentially.
Sketchers USA (NYSE: SKX) 22.5% LOWER; sees Q4 sales of $290-$300 million and a loss of $0.45-$0.50. The Street is currently expecting Q4 sales of $305.20 million and EPS of $0.15.

Hartford Financial Services (NYSE: HIG) 22% LOWER; reports Q4 loss of $2.71, cents better than the analyst estimate of $1.30. Intends to reduce quarterly dividend to $0.05.

Powerwave Technologies (Nasdaq: PWAV) 16.7% HIGHER; reports Q4 EPS of $0.01, 5 cents better than the analyst estimate of ($0.04). Revenue for the quarter was $180.3 million, versus the consensus of $187.38 million.
Bank ...

All About Redemptions

In looking at Wednesday’s thrashing, there appear to be so many reasons and so little time this morning – so, let’s get right to it. The Dow plunged another 514 points yesterday and in the process, scared the bajeebers out of just about everyone that still happens to own any stock at all. After briefly flirting with some performance anxiety this week during the market’s upside adventure, all of a sudden any exposure to stocks feels wrong again. And with the S&P breaking down to a fresh new low, albeit by just a hair, fear made a triumphant return to the corner of Broad and Wall yesterday.

The good news is that the credit markets continue to, as they are now saying on Wall Street, “thaw.” In short, this means that rates for short-term funding (such as commercial paper) have become a little more reasonable again, which ...