After-Hours Movers 12/12: Biogen (BIIB) Lower on Failed Sale, Martek (MATK) and ADC (ADCT) Up on Earnings

StreetInsider.com After-Hours Movers:

Biogen Idec Inc. (NASDAQ: BIIB) 27% LOWER; said The Board of Directors of complated the review of strategic alternatives - the company will continue on its present course as an independent Company. Biogen Idec did not receive any definitive offers to purchase the Company.

Martek Biosciences Corporation (Nasdaq: MATK) 14% HIGHER; reported Q4 EPS of $0.23, 3 cents better than the analysts estimates of $0.20. Revenues for the quarter were $82 million, versus the consensus of $78.44 million.

Amtech Systems (Nasdaq: ASYS) 14% LOWER; reported Q4 EPS of $0.17, 2 cents better than the analyst estimate of $0.15. Revenues for the quarter were $13.1 million, versus the consensus of $13.33 million. Amtech expects FY08 revenues to be in the range of $65 to $75 million, versus the consensus of $73.5 million and Q1 revenues of $11 to $12 million, versus the consensus of $13.84 million.

Select Comfort Corporation (NASDAQ: SCSS) 12% LOWER; said, "while sales trends continued to improve through and including Black Friday, they remained below expectations and have since softened at a time when we had projected continued improvement. Given the leverage in the business model, our current outlook is that sales and profits will fall short of our previous guidance."

Elan Corp. plc (NYSE: ELN) 9% LOWER; TYSABRI partner Biogen Idec doesn't find a buyer.

ADC Telecommunications (Nasdaq: ADCT) 9% HIGHER; reported Q4 EPS of $0.30, ex-items, 8 cents better than the analysts estimates of $0.22. Revenues for the quarter were $330 million, versus the consensus of $318.37 million. ADC sees FY08 revenues $1.45 to $1.475 billion, versus the consensus of $1.39 billion. FY08 GAAP EPS are expected to be in the range of $0.68 to $0.78. Martek Biosciences sees Q1 EPS of $0.21-$0.23, versus the consensus of $0.17. Sees Q1 revenues of $79-$83 million, versus the consensus of $77.3 million.

Security Capital Assurance Ltd. (NYSE: SCA) 6% LOWER; continues today 21% drop related to Fitch Ratings' placing the company's subsidiaries XL Capital Assurance Inc. and XL Financial Assurance Ltd on Rating Watch Negative.

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